Neometals Ltd · ASX:NMT
Neometals — Shareholder Meeting (May 2026)
22 slides from Neometals's shareholder meeting presentation, May 29, 2026
Slide 1: Neometals: Transitioning to Gold Producer
For personal use only Neometals: Transitioning to Gold Producer Authorised for release by Christopher Reed, Managing Director of Neometals EGM Presentation | 29 May 2026 ASX: NMT | OTCQX: NMTAY | DEU: 9R9 ASX: NMT | OTCQX: NMTAY | DEU: 9R9 neometals.com.au
Slide 2: Important Notices and Disclaimer
Important Notices and Disclaimer This presentation has been prepared and issued by Neometals Ltd (Neometals, or the Company) to provide summary not independently verified the information obtained from such by third-party sources. While Neometals believes that such information about the Company and i
Slide 3: Important Notices and Disclaimer (continued)
Important Notices and Disclaimer (continued) Competent Person Statement The information in this report that relates to Exploration Results and Exploration Targets reported during 2026 for the Utah Brine Project is based on information compiled by Dr Biao Qiu (Ph.D., P.E. (CO), P.Eng. (SK & AB)), a f
Slide 4: Developing Gold and Lithium Production is in our DNA
Developing Gold and Lithium Production is in our DNA For personal use only Comet Vale (2002-2009) Au Meekatharra (2011-2013) Au Li-B Recycling (2019-2025) Li Mt Marion (2015-2018) Li ASX: NMT | OTCQX: NMTAY | DEU: 9R9 neometals.com.au ASX: NMT | OTCQX: NMTAY | DEU: 9R9 4
Slide 5: Corporate Overview
Corporate Overview NMT has returned over A$82M to shareholders via dividends, buy-backs and return of capital ASX: NMT OTCQX: NMTAY RELATIVE PRICE PERFORMANCE Shares on Issue (1) m 874.8 Share Price (27-May-26) A$ 0.033 250 30 Market Capitalisation (27-May-26) A$m 28.9 For personal use only 25 Cash
Slide 6: Gold for Cashflow, Critical Metals for Growth
Gold for Cashflow Critical Metals for Growth Low-capex Production JV/Toll Milling Model Self-fund resource growth Commodity Lithium Vanadium NMT 2 Camp Scale 51% 1 86.1% Opportunity Ownership in Prolific For personal use only Goldfield Stage Exploration Project Financing BMLV 50:50 Elevated Producti
Slide 7: Barrambie Gold
Barrambie For personal use only Gold Barrambie Gold Project 100% Neometals ASX: NMT | OTCQX: NMTAY | DEU: 9R9 ASX: NMT | OTCQX: NMTAY | DEU: 9R9 neometals.com.au
Slide 8: Barrambie Flythrough
For personal use only Barrambie Flythrough https://www.neometals.com.au/wp-content/uploads/2026/04/Barrambie_Feb2026_D7a.mp4 ASX: NMT | OTCQX: NMTAY | DEU: 9R9 neometals.com.au
Slide 9: Production JV – Ironclad Deposit
Production JV11,19 Ironclad Deposit Joint Venture for mining services with experienced mining contractor BML Ventures Pty Ltd (BMLV) over open- pittable mineralisation from MLA57/674; For personal use only BMLV to fund the majority of pre-mining activities; Subject to FID, BMLV to fund and manage mi
Slide 10: Ironclad Deposit Mineral Resource Estimate
Ironclad Deposit Mineral Resource Estimate15 Historic and 2025 infill drilling has improved modelling of a higher-grade subset of mineralisation estimated to contain 180,000t @ 2.1 g/t Au; Approximately 86% of contained ounces now in Indicated category; For personal use only Deposit remains open dow
Slide 11: Scoping Study Metrics
Scoping Study Metrics 16 Scenario A Scenario B Key Parameters Units 90% Recovery 85% Recovery Scoping Study cost model base case indicates potential Mining for up to $23M free cash flow generation from Ironclad Total tonnes mined Mt 3.2 3.2 Gold deposit; Total tonnes milled kt 200 to 220 200 to 22
Slide 12: Rinaldi Copper Upside
Rinaldi Copper Upside Non-core option value inside the Barrambie gold camp; latest IP work adds clear drill targets. Rinaldi target area relative to regional tenure Rinaldi Cross section and significant intersections Exploration read-through 1 Confirmed Primary copper sulphides: bornite and For pers
Slide 13: IP survey identifies three priority drill targets
IP survey identifies three priority drill targets 21 Northern Line - IP inversion chargeability and resistivity model T2 - highest priority step-out target For personal use only Strong coincident chargeability and resistivity anomaly ~700m NE of the historic workings; response extends >200m laterall
Slide 14: Utah Brine Project
For personal use only Utah Brine Project Utah Brine Corporation Neometals 51% Omaha Value, Inc. 49%
Slide 15: Strategic Rationale and Investment Thesis
Strategic Rationale and Investment Thesis • Strategic entry into a known lithium-potassium basin in the USA. Utah is a stable and supportive jurisdiction for mining investment; • Leverages 23+ existing wells, infrastructure and sub-surface data to accelerate exploration and lower the cost of rapidly
Slide 16: Investment and Well Access Licence
Investment 1 • Neometals holds 51% equity in Utah Brine Corporation (UBC) and is required to fund up to US$2M in project expenditure within a 3-year period to maintain that interest. • UBC’s tenure position comprises more than 80,000 acres of potash prospecting permit applications, potash lease nomi
Slide 17: Targeting Lithium + Potassium Brine in Paradox Clastics
Targeting Lithium + Potassium Brine in Paradox Clastics Historic data from licensed wells confirmed Li and K in potentially economic concentrations Depth (ft) For personal use only Stratigraphic Column showing clastic units and zones within the Paradox Formation Source: Mandrake Resources, ASX Annou
Slide 18: Exploration Target (JORC 2012)
Exploration Target (JORC 2012)1 April 2026: The number that sets the scale of this opportunity Exploration Target for potash and lithium brine across 84,020-acre project locality — the first formal statement of potential dual-mineral project scale. • Ranges from 94 to 325 Mt of Muriate of Potash (MO
Slide 19: Summary
For personal use only Summary ASX: NMT | OTCQX: NMTAY | DEU: 9R9
Slide 20: Strong Team and Culture
15+ years experience in finance roles across the resources sector, for listed and non-listed mining operating companies Strong Team and culture B O A R D & K EY M A N AGEMEN T Steven Cole Greg Evans Les Guthrie MANAGING For personal use only DIRECTOR NON-EXEC CHAIRMAN NON-EXEC DIRECTOR NON-EXEC DIRE
Slide 21: Exposure to Gold and Critical Metals – Multiple Shots on Goal
Exposure to Gold and Critical Metals – Multiple Shots on Goal Commodity Diversification – Balanced exposure to gold (cashflow stability) + lithium/vanadium (growth) materially reduces single-commodity cyclicality. For personal use only Business Model Diversification – Capital-light mix of near-term
Slide 22: Neometals Ltd
For personal use only Neometals Ltd neometals.com.au ASX: NMT | OTCQX: NMTAY | DEU: 9R9 ASX: NMT | OTCQX: NMTAY | DEU: 9R9 neometals.com.au