Danakali Limited · OTC:SBMSF
Danakali — Investor Presentation (October 2026)
15 slides from Danakali's investor presentation, October 2026
Slide 1: Investor Presentation
Expanding presence across proven and emerging mineral provinces – Arabian-Nubian Shield and Western Australia Investor Presentation October 2026 NSX:DNK, FSE:SO3.F
Slide 2: Vision and value proposition
Vision and value proposition To become a preferred partner for the exploration and development of precious and critical minerals in the Arabian-Nubian Shield and Australia. Why Danakali ▪ Fully funded early-stage explorer and project developer ▪ Proven exit discipline and record of returning capital
Slide 3: Capital structure and cash
Capital structure and cash 363.5m A$28m A$0.077 A$0.044 Shares on issue Cash/liquid no debt Cash backing per share Share price (NSX) Capital structure Value Trading below cash backing Shares on issue 363,497,522 At A$0.044 the shares trade ~42% below Shareholders on register 898 cash backing of A$0.
Slide 4: Ownership and corporate structure
Ownership and corporate structure Group structure Top shareholders Danakali Limited Substantial Shareholder Holding Incorporated in Australia (NSX:DNK) AFC Equity Investments Ltd 14.6% Well Efficient Limited 9.6% Seamus Cornelius 6.8% Danakali (KSA) Pty Ltd Danakali Investment Pty Ltd 100% owned 100
Slide 5: Portfolio overview
Portfolio overview Two Arabian-Nubian Shield entries plus an Australian pipeline — staged so no single outcome is critical. Saudi Arabia Eritrea Australia Emerald JV — JV Incorporated, licence Ela Gedal — exploration licence nearing Project generation — opportunities under application progressing ap
Slide 6: Why the Arabian-Nubian Shield
Why the Arabian-Nubian Shield US$1.3trn 3rd 4th 75% Untapped mineral reserves in Mining is the third pillar of Saudi Arabia’s rank as a net Available debt reach on Saudi Arabia Saudi industry mineral importer qualifying projects A generational exploration frontier Why Danakali can win here ▪ The Shi
Slide 7: Saudi Arabia: the Emerald joint venture
Saudi Arabia: the Emerald joint venture Joint venture structure How it works ▪ Danakali has signed a JV agreement with Massadir Al-Zamrda Danakali Limited Massadir Al-Zamrda (Emerald), securing an 80% interest. 80% 20% ▪ Emerald leverages local relationships to identify exploration opportunities and
Slide 8: New Mining Frontier: Arabian-Nubian Shield
New Mining Frontier: Arabian-Nubian Shield Diversified approach across Eritrea and Saudi Arabia • Arabian-Nubian Shield is a highly mineralised Proterozoic Province (~100Moz AuEq to date) • Under-explored relative to provinces with similar mineral endowment globally– new mineral frontier • Highly pr
Slide 9: Western Australia: Craton-Wide Exposure to Major Mineral Provinces
Western Australia: Craton-Wide Exposure to Major Mineral Provinces Prospective Geology Strategically Pegged across Yilgarn, Murchison and Gascoyne Provinces • 1,445km2 of exploration licences assembled across 9 separate projects (granted and applications) • 811km2 granted tenure to date • Wide expos
Slide 10: Gascoyne Region: Emerging Au-REE-Base Metal Province
Gascoyne Region: Emerging Au-REE-Base Metal Province Gascoyne Province - Errabiddy Shear Zone - Mangaroon Structural Zone • Exposure to multiple structural zones in the rapidly emerging Gascoyne Province • Orson Projects covers a significant portion of the Errabiddy Shear Zone, which is co- pegged b
Slide 11: Premier Greenstone Tenure across Murchison Region
Premier Greenstone Tenure across Murchison Region Opportunities to advance multiple targets in region with strong mining activity • A range of projects covering highly prospective greenstone terranes with large mineral endowments • Multiple operating mining centres across the region • A range or exp
Slide 12: Executive Team
Executive Team Seamus Cornelius Greg MacPherson David Bebbington LLM, LLB CA, PGDip (Fin), BCom (Hons) BSc (Hons) Geology, PGDip (GIS) Executive Chairman Chief Financial Officer Principal Geologist Investor Presentation - October 2026 www.danakali.com | NSX:DNK FSE:SO3.F 12
Slide 13: Track record: the Colluli outcome
Track record: the Colluli outcome We developed a potash deposit from discovery to debt funded and shovel-ready — then sold it and paid shareholders. Allocation of A$240m proceeds Returned to shareholders Tax, costs and settlement A$240m Retained for growth Gross consideration for the Colluli interes
Slide 14: Forward Looking Statement Disclaimer
Forward Looking Statement Disclaimer The information in this document is published to inform you about DNK and its activities and does not constitute financial advice or an offer of securities. DNK has endeavoured to ensure that the information enclosed is accurate at the time of release, and that i
Slide 15: Contacts
Contacts We welcome enquiries from investors and prospective partners. Seamus Cornelius Greg MacPherson Executive Chairman Chief Financial Officer scornelius@danakali.com gmacpherson@danakali.com +61 450 649 311 +61 426 967 683 www.danakali.com admin@danakali.com Investor Presentation - October 2026