Canadian Phosphate Limited · ASX:CP8

Canadian Phosphate — Investor Presentation (December 2025)

21 slides from Canadian Phosphate's investor presentation, Dec 8, 2025

  1. Slide 1: Mine to Market Strategy 2026

    For personal use only ASX:CP8 Mine to Market Strategy 2026 1

  2. Slide 2: Disclaimer

    Disclaimer This presentation has been prepared and issued by Canadian Phosphate Ltd (“the Company”) to inform interested parties about the Company and its progress. The material contained in this presentation sets out general background information on the Company and its activities. It does not cons

  3. Slide 3: Our Company

    ASX:CP8 OVERVI EW Our Company For personal use only Focused on sedimentary rock phosphate exploration in North America We hold the most advanced sedimentary rock phosphate deposits in Canada - Wapiti/Fernie Wapiti Project, BC -, JORC Exploration Target of 20.2 – 28.6Mt with 60% strike remaining open

  4. Slide 4: Our Leadership & Structure

    Our Leadership & Structure Experienced Board Capital & Management Structure For personal use only Stuart Richardson Shares on issue 307M Non-Executive Chairman Daniel Gleeson Share Price (at 31 Oct 25) $0.064 MD & Group CEO Market Cap (at 31 Oct 25) A$19.6M Mal Weber Non-Executive Director Cash (at

  5. Slide 5: Critical: Onshoring Phosphate Supply

    Critical: Onshoring Phosphate Supply Phosphate added to Canada & USA Critical Sedimentary Minerals Lists For personal use only Canadian Government is working to streamline Igneous – New Projects permitting developing critical mineral projects • $1.5 billion Strategic Innovation Fund CP8 • $1.5 billi

  6. Slide 6: Phosphate Resources: Wapiti Project

    Phosphate Resources Wapiti Project Tumbler Ridge, BC – Canada For personal use only • 100% held by CP8 • JORC Compliant Exploration Target, 2025: 20.2 – 28.6 Mt @ 15.96% P2O5 over 11.5km strike*refer slide 19 • Further 16.5km strike and central syncline area remain open (total project strike length

  7. Slide 7: Wapiti Project Exploration Target

    WA PITI PROJEC T Exploration Target For personal use only ✓ Northern Cross Section View ✓ Pink = Whistler Member, target phosphate bearing unit. ✓ Grey = Mowitch formation, potential lower grade phosphate bearing unit ✓ Phosphate Outcrops at surface ✓ Both sides, running north to south ✓ Approximate

  8. Slide 8: Wapiti Project Drilling Program

    WA PITI PROJEC T Drilling Program For personal use only • Goals: • Update Mineral Resource Estimate • Confirm depth of syncline • Stage 1: ~5,000m, 20 holes (2026) • Initially targeting northern section • Confirming Exploration Target area • Additional area central to syncline • Exploring additional

  9. Slide 9: Phosphate Resources: Fernie Project

    Phosphate Resources Fernie Project BC – Canada For personal use only • 100% held by CP8 • Tenures hold known phosphate strike over 60km – further exploration required • Bulk sample completed at Marten site (2022) – 8,000t averaging 22.5% P 2O5 Targeted Next Steps: • Barnes bulk sample, permit approv

  10. Slide 10: Current Business: Regenerative Phosphate Fertilizer Mining

    Current Business REGENERATIVE PHOSPHATE FERTILIZER MINING For personal use only Selling to Gross Profit Revenue 2026 manufacturers 50% in 2024 & Targeting A$5M at value adding rock 2025 2025 OPEX rate phosphate Targeting A$3M Revenue Cashflow OPEX Operating Cash 3yr average. A$1.5M* in 2025 flow pos

  11. Slide 11: Rock Phosphate – Supply

    Rock Phosphate – Supply For personal use only • 90% of all manufactured rock phosphate is sedimentary • Approximately 85% of phosphoric acid produced is used in fertilizer production • 85% of global supply is derived from Nth Africa, Middle East, Russia and China • China, the largest producer contin

  12. Slide 12: Phosphate – Fertilizer Demand

    Phosphate – Fertilizer Demand Global middle-class growth For personal use only Population growth rate: 8.2B in 2024 to 10.3B in mid 2085 • Middle class expected to grow from 1.8B in 2009 to 5.3B by 2030 • Drives meat production globally, which drives corn and soyabean production = increasing fertili

  13. Slide 13: Phosphate - LFP Battery Demand

    Phosphate - LFP Battery Demand • China producing more than 90% of LFP cathode For personal use only materials globally • Dedicated LFP battery cell megafactories in Canada: • LG & Stellantis completed 2025 – C $5B • Battery Energy Storage (BESS) production • VW targeting 2027 completion – C $7B • EV

  14. Slide 14: Business Strategy

    Business Strategy Organic Conventional Fertilizer & LFP Batteries Fertilizer For personal use only Today Single Super Phosphoric Phosphate Acid Plant (SSP) (Novaphos) • Canada imports 100% of $2B • Using advanced next annual fertilizer requirements generation production • Increases P2O5 available to

  15. Slide 15: Objectives for 2026 – C$4M Budget

    Objectives for 2026 – C$4M Budget (including Flow Through Sharestrategy) For personal use only $0.8M $0.8M $50,000 $50,000 Mine Pump Secure Mine Barnes Complete Update Station Bulk Wapiti Bulk Sample Scoping Study - Mineral Sample Exploration (10,000 Single Super Resource (10,000 Permit tonnes) Phos

  16. Slide 16: Investment Summary: Why Canadian Phosphate Ltd?

    In vest me nt Sum ma ry Why Canadian Phosphate Ltd? For personal use only 1 2 3 4 5 Onshore Large-Scale Cost-Effective Market Government Production Potential Inputs Opportunities Support • Food & energy • Sole Sedimentary • Sulfuric Acid • Onshoring of LFP / • Critical Minerals List security deposit

  17. Slide 17: Thank You

    For personal use only Thank You www.canadianphosphate.com @canadianphosphate 17

  18. Slide 18: Appendix

    For personal use only Appendix www.canadianphosphate.com @canadianphosphate 18

  19. Slide 19: Wapiti Conceptual Exploration Target

    OVERVI EW Wapiti Conceptual Exploration Target* Phosphate Domain Lower Range Mt P2O5 (%) Upper Range Mt P2O5 (%) For personal use only Main Zone – East Limb 11.0 17.78 16.8 17.85 Main Zone – West Limb 7.7 13.00 10.2 12.95 Main Zone – Wapiti Syncline East limb 0.7 15.44 0.7 15.44 Main Zone – Wapiti S

  20. Slide 20: Rock Phosphate – Processing Streams

    Rock Phosphate – Processing Streams For personal use only Primary Use CP8 Targets Crushed Rock Direct Application to Currently Phosphate Fields Single Super Phos Dry Fertilizer Plant (20% P2O5) Stage 2 Add Sulfuric Acid Phosphoric Acid MAP (53%) / DAP Rock Phosphate Phosphoric Acid Plant Dry Fertili

  21. Slide 21: Processing Technology Example

    OVERVI EW Processing Technology Example For personal use only INPUTS OUTPUTS Phosphate rock Phosphoric acid or mine tailings + Hydration Silica as sand Agglomerated + ground feed Reduction and oxidation in J-Rox R Petroleum rotary hearth furnace using calcium silicate coke electricity or gas Increas

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