Slide 1: Building a Global Manganese Business
Building a Global Manganese Business Supplying low-carbon sustainable manganese ore and EV battery grade HPMSM to global markets 2025 Investor Update - March 2025 ASX : E25 OTCQX : ELMTF
Slide 2: Disclaimer
Disclaimer This presentation (Presentation) contains only a brief overview of Element 25 Limited and its associated entities (Element 25 or E25) and their respective activities and operations. The contents of this presentation, including matters relating to the geology of Element 25's projects, may
Slide 3: Element 25 Introduction
Element 25 Introduction Share Register: Expanding the 100% owned Butcherbird Manganese Mine in Western Australia to produce high-quality manganese oxide concentrate. Other Stellantis Board & Management Developing a USA-based refinery to supply ethical ATM Facility battery-grade High Purity Manganese
Slide 4: Company Leadership
Company Leadership Board of Directors Experienced, Multi-disciplinary Board & Management John Ribbons Justin Brown Fanie van Jaarsveld Sam Lancuba Chairman Managing Director Non-Executive Director Non-Executive Director CPA Geologist Analytical Chemist Chemical Engineer Project Development & Operati
Slide 5: The Butcherbird Manganese Project
The Butcherbird Manganese Project
Slide 6: Butcherbird Manganese Project
Butcherbird Manganese Project ▪ World-class manganese resource. ▪ Located in a Tier-1 jurisdiction with strong ESG regulation. ▪ Over 270 million tonnes in resources with potential to expand (2024 resource update 1). ▪ > 18-year Reserve at 1.1Mt per annum production supported by an updated Feasibili
Slide 7: Butcherbird Manganese Mine - Resources & Reserves
Butcherbird Manganese Mine - Resources & Reserves 1 Ore Reserve Deposit Classification Tonnes (Mt) Grade (Mn%) Contained Mn (Mt) • Current Reserve: Proved 11.3 11.8 1.33 Yanneri Ridge • Only utilises approximately ~40% of Probable 70.4 10.2 7.15 Coodamudgi Proved - - - global Mineral Resource; Proba
Slide 8: Large, long-life manganese ore mine in Western Australia
Large, long-life manganese ore mine in Western Australia E52/2350 M52/1074 Mining Reserve: 101.4Mt @ 10.4% Mn1 ▪ Granted Mining Lease ▪ Fully Permitted Coodamudgi ▪ >18 Year Reserve (1.1 Mtpa) ▪ Early Procurement Started Yanneri Ridge ▪ ~12 Month Construction Measured Indicated Simple Logistics: Exi
Slide 9: Simple Geology: low-cost, low-impact operations
Simple Geology: low-cost, low-impact operations Classification Tonnes (Mt) Mn (%) Contained Mn (Mt) RESOURCE GROWTH POTENTIAL Resource1 274 10.0 27.4 • Large resource offers long term Reserve2 101.4 10.4 10.5 operating potential. • Mineralisation outside existing resource provides upside. • Ore suit
Slide 10: Company strategic vision for growth
Company strategic vision for growth Butcherbird Expansion Louisiana HPMSM Expand Globally 1.1Mt/a Manganese Ore1 USA EV Critical Raw Materials2 HPMSM Expansion - EU & Asia Build and commission a full large-scale Construct the first US HPMSM processing facility Multiple HPMSM modules globally to deli
Slide 11: Butcherbird Manganese Mine Expansion
Butcherbird Manganese Mine Expansion • New processing facility to optimise and scale the process. CRUSHER/SCREEN • Scale and improved efficiencies Stage 1 Pilot target lower costs and increased Processing Plant Expanded 1.1Mtpa Processing Facility profits1. • CO2 emission intensity and ESG outcomes
Slide 12: Butcherbird Expansion – Feasibility Study delivers robust economics
Butcherbird Expansion – Feasibility Study delivers robust economics 1 • Butcherbird Expansion Feasibility Study targets 1.1 Mtpa manganese ore production. • Production to capture Economies of Scale with reduced operating costs. • Moves Element 25 down the global manganese ore cost curve. • Negotiati
Slide 13: Butcherbird Expansion – Scale Strengthens the Business
Butcherbird Expansion – Scale Strengthens the Business Economies of scale from the expanded operation intend to move the Butcherbird production costs lower on the global cost curve and strengthen the business through all price cycles. Mn ore cost curve (CIF China, US$/t) July 2024 Estimated E25 Butc
Slide 14: E25 HPMSM Strategy
E25 HPMSM Strategy
Slide 15: Vertically-integrated global HPMSM supply
Vertically-integrated global HPMSM supply WA Manganese Ore Supply: Australian manganese ore concentrates as feedstock for HPMSM production to supply Vertically integrated critical battery US EV markets. raw material supply chain. Surplus ore will supply existing ferroalloy customers. Louisiana HPMSM
Slide 16: Global Refining Capacity in the Longer Term
Global Refining Capacity in the Longer Term EU & UK policy shifts are MoU signed with Nissan First HPMSM Facility: EU competing with the IRA Chemical Corporation to Louisiana USA - IRA is driving capital for investment in battery jointly develop HPMSM flows into US electrification and related plants
Slide 17: Improved, Cost-Competitive Cleaner Process Technology
Improved, Cost-Competitive Cleaner Process Technology The Element 25 Process makes significant changes & improvements: Current Outdated Technologies mean: • Large volumes of waste residues. • Toxic Reagents like fluorine. • Inefficient. • Higher Cost. Reagents/Cost Carbon Emissions Waste Residue • O
Slide 18: ESG - LCA demonstrates a low-carbon, ethical process
ESG - LCA demonstrates a low-carbon, ethical process • LCA covers Scope 1, 2 and 3 emissions from mining through E25 Process Reduces Global Warming Potential to the proposed USA-based HPMSM processing plant. Relative to Incumbent Producers • E25 HPMSM to produce ~1.7kg of CO2 for every 1kg of 5. 2 4
Slide 19: ESG Benchmarking
ESG Benchmarking • Digbee ESG benchmarking process completed for 2024. • Opportunities identified for action over following period. • Executive incentive KPIs now linked to ESG outcomes. • Internal reporting processes being developed to improve ESG credentials and preparedness for compliance reporti
Slide 20: The Importance of Manganese
The Importance of Manganese
Slide 21: Transition to Higher Manganese Cathodes
Transition to Higher Manganese Cathodes LMFP, LMNO and NMX cathode chemistries offer improved safety, higher energy density, reduced cost per KWh and greater supply chain flexibility. High Mn means reduced LMFP vs LFP vs NMC reliance on Ni and Co: ”Japan’s manganese-boosted EV battery hits game-chan
Slide 22: Louisiana Battery Grade HPMSM
Louisiana Battery Grade HPMSM
Slide 23: DoE Grant - Part of US Government Drive for Domestic Manufacturing
DoE Grant - Part of US Government Drive for Domestic Manufacturing DoE Grant Selection • E25’s planned HPMSM facility in Louisiana awarded a US$166 million grant from the U.S. DoE. • Louisiana HPMSM Project selected under DoE’s MESC Battery Materials Processing Grant Program. • Binding agreements si
Slide 24: DoE MESC Grant - Supporting Local Raw Material Supply
DoE MESC Grant - Supporting Local Raw Material Supply Local Supply Chain Mn Ore Comminution • Process and supply chain developed to maximise U.S. industry US$166M Reductant involvement. Leach Grant • Working with partners GM and Acid Stellantis to supply low carbon HPMSM for EV batteries. Purificati
Slide 25: DoE Grant Award Underpins Project Capital Stack
DoE Grant Award Underpins Project Capital Stack • DoE US$166M grant award provides cornerstone funding to support project success1. • Louisiana HPMSM Project grant awarded under DoE’s MESC Battery Materials Processing Grant Program. • Binding grant agreements signed, award committed. • Grant support
Slide 26: Questions?
The Planned Element 25 HPMSM facility in Louisiana, USA Questions? *Subject to successful project financing and permitting
Slide 27: Contact Details
Contact Details Justin Brown Media Inquiries: Managing Director Nathan Ryan Email: admin@e25.com.au Email: nathan.ryan@nwrcommunications.com.au Phone: +61 (8) 6375 2525 Phone: +61 (0) 420 582 887 ASX : E25 OTCQX : ELMTF
Slide 28: Competent Person’s Statement
Competent Person’s Statement The information in this report that relates to Exploration Results and Exploration Targets is based on information compiled by Mr Justin Brown who is a member of the Australasian Institute of Mining and Metallurgy. At the time that the Exploration Results and Exploration