European Metals Holdings Ltd · LSE:EMH
European Metals — Investor Presentation (January 2026)
32 slides from European Metals's investor presentation, January 2026
Slide 1: The Cinovec Project: European-sourced lithium to power Europe's sustainable future
The Cinovec Project European-sourced lithium to power Europe’s sustainable future January 2026
Slide 2: Disclaimer & Cautionary Statement
DISCLAIMER & CAUTIONARY STATEMENT DISCLAIMER This presentation has been prepared by European Metals Limited (“European Metals” or the “Company”). It is not a disclosure document and should not be considered as an offer or invitation to subscribe for, or purchase any securities in the Company or as a
Slide 3: Disclaimer & Competent Person Statement
DISCLAIMER & COMPETENT PERSON STATEMENT COMPETENT PERSONS AND QUALIFIED PERSON FOR THE PURPOSES OF THE AIM NOTE FOR MINING AND OIL & GAS COMPANIES Information in this release that relates to the FECAB metallurgical testwork is based on, and fairly reflects, technical data and supporting documentatio
Slide 4: European Metals Holdings: Powering EU Energy Independence
EUROPEAN METALS HOLDINGS POWERING EU ENERGY INDEPENDENCE DFS Completed1 Developing the Cinovec Project, the Leveraged to substantial EU funding Pre-tax NPV8 US$1.45bn (using only largest hard rock lithium resource in programs to advance green 23-years of 28-year LOM) Europe transition Pre tax IRR 14
Slide 5: EU - Auto Regulations Support Significant EV Uptake
EU - AUTO REGULATIONS SUPPORT SIGNIFICANT EV UPTAKE EU spends big on Czech Government EU Legislation climate change1 Strategic Investments European Critical Raw €1 Trillion to be spent for a Materials Act on European Green Climate-Neutral Deal by 2030 Economy Effective April 2024 Just Transition Fun
Slide 6: Czech Government - Strategic Investments for a Climate-Neutral Economy - Up to EUR360M Grant
CZECH GOVERNMENT - STRATEGIC INVESTMENTS FOR A CLIMATE-NEUTRAL ECONOMY – UP TO EUR360M GRANT Cinovec - Strategic Investments for a Czech Ministry of Industry and Trade Climate-Neutral Cinovec allocated up to EUR 360m Economy Grant application Special-purpose subsidy paid in Czech koruna (CZK) to app
Slide 7: EU - Critical Raw Materials Act, Just Transition Fund
EU- CRITICAL RAW MATERIALS ACT JUST TRANSITION FUND Cinovec CRMA Critical Raw Materials Act Strategic Project Just Transition Fund application Cinovec declared Strategic approved March 25 Cinovec – declared Project under CRMA Strategic Deposit by • Reduced permitting Czech Government timelines • Fun
Slide 8: Cinovec - Definitive Feasibility Study
CINOVEC - DEFINITIVE FEASIBILITY STUDY Lithium Carbonate Pre-tax NPV8 Production Increase US$1.45bn (using only Average 37,500ktpa 23-years of 28-year over 28+year LOM LOM) up to 1,300,000 60kWh EV batteries annually Pre tax IRR 14.8% Initial Capex New Prunerov Site Focus on Costs US$1.72bn Enables
Slide 9: A New Industry Is Emerging in Europe Thanks to Growing Battery Demand
A NEW INDUSTRY IS EMERGING IN EUROPE THANKS TO GROWING BATTERY DEMAND EU demand for batteries GWh/year 890 Comment 830 Battery market to grow more than 6x by EV batteries 745 2030 compared to 2023 Stationary storage Due to stricter emission limits for European car manufacturers, demand for 582 b
Slide 10: European EV Sales Momentum
EUROPEAN EV SALES MOMENTUM New Car Sales November 2025 Other Other 0.4% PHEV 3.0% PHEV PHEV Petrol 7.1% 11.9% 12.9% Diesel 17.6% Petrol 5.3% 24.4% Diesel 4.7% Diesel 11.8% Petrol HEV (plugless) 43.8% 13.1% BEV 25.8% HEV (plugless) BEV 41.2% HEV (plugless) 22.2% 28.3% BEV 26.4% Germany France United
Slide 11: Cinovec - Proximity to End Users
CINOVEC - PROXIMITY TO END USERS EV Car Manufacturers 82 GWh 110 GWh 60GWh Cinovec strategically Battery cell production by country (as of located in close Dec 24) Source: Battery-News.com proximity by road and rail to major European electric 135 GWh vehicle (EV) manufacturers, 115 GWh 127 GWh batte
Slide 12: Cinovec - Proximity to End Users
CINOVEC - PROXIMITY TO END USERS Northvolt GWh: 60 Elinor European Gigafactories GWh: 40 GWh Capacilty 2030 Cinovec strategically (gigafactories producing 40+ GWh) located in close Morrow Batteries proximity by road Open GWh: 43 NOVO and rail to major GWh: 40 European electric Construction vehicle (
Slide 13: Cinovec - Project Overview
CINOVEC - PROJECT OVERVIEW ▪ Large 3.2 Mtpa (easily expandable) underground mining operation with paste backfill. ▪ Underground primary and secondary crushing. (1) ▪ Rope conveyor to transfer to station then rail to beneficiation plant. ▪ Flotation of lithium concentrate. ▪ Locked Cycle Test verifie
Slide 14: Cinovec - Underground Mine
CINOVEC - UNDERGROUND MINE Historic underground mine for high-grade tin/tungsten veins, closed in 1993. Over 89,000m historic diamond drilling, 21.5km historic drive development. EMH confirmation drilling 20,756m, further geotech drilling in progress. CINOVEC DECEMBER 2025 RESOURCE SUMMARY The upper
Slide 15: Cinovec - Long Section
CINOVEC - LONG SECTION N 900 S 800 700 600 500 Hole From To Width Li2O% Hole From To Width Li2O% CIW-25 9.5 373 361.5 0.43 CN-17 22 224 202 0.62 CIW-26 173.75 410 236.25 0.49 CIW-22 123 387.5 264.5 0.54 CN-86 81.8 230.9 149.1 0.48 CN-81 1 224 223 0.52 Refer ASX Announcement dated 13 October 2021 Res
Slide 16: Cinovec - Key Project Components
CINOVEC - KEY PROJECT COMPONENTS 1 • Mining - portal: the ore will be extracted PORTAL from the deposit in the Sedmihůrky area. 1 22 2 • Transport - overground system: The ore 3 will be transported 8km to the Dukla DUKLA Transport hub by an overhead system (rope TRANSPORT conveyor). 4 HUB 3 • Dukla
Slide 17: Cinovec - High Quality Infrastructure
CINOVEC - HIGH QUALITY INFRASTRUCTURE MINE CHEMICAL PLANT ROAD RAIL POWER WATER SUPPLY Solar power/green Fast low cost Adjacent to road and energy close by mine transportation of rail lines connecting and processing site lithium concentrate to Cinovec to European along with established chemical plan
Slide 18: Cinovec - Preliminary Mining Permit
CINOVEC – PRELIMINARY MINING PERMIT Preliminary Mining Permit granted for Cinovec South by the Czech Ministry of the Environment Permit valid for 8 years until 2033, covering 1.4807 km² Secures priority right to apply for Final Mining Area and Final Mining Permit Combined with existing permits, now
Slide 19: Positive ESG Profile
POSITIVE ESG PROFILE Solar power proposed Recycled water/reagents Short, localized supply chain Electric mining fleet Strong stakeholder proposed engagement Historic Mine Coal transition/ rehabilitation Single roast low-heat Benign reagents potentially using Green Hydrogen Use of green Hypex Bio Exp
Slide 20: LCA - World Leading Decarbonised Case
LCA – WORLD LEADING DECARBONISED CASE Cinovec- Decarbonised Case includes ● Use of Solar Power/Green Energy ● Electric Mining Fleet ● Hypex Bio Explosive ● Use of Green Hydrogen Refer ASX Announcement dated 23 November 2021 20
Slide 21: Board & Management Team
BOARD & MANAGEMENT TEAM KEITH RICHARD KIRAN MORZARIA LINCOLN BLOOMFIELD MERRILL GRAY (GB) (USA) (AUS) COUGHLAN PAVLIK NON EXECUTIVE DIRECTOR NON EXECUTIVE DIRECTOR NON EXECUTIVE DIRECTOR (AUS) (CZ) EXECUTIVE CHAIRMAN EXECUTIVE DIRECTOR Former US Ambassador & official 30 years mining and mineral proc
Slide 22: Catalysts to Drive Shareholder Wealth
CATALYSTS TO DRIVE SHAREHOLDER WEALTH Key Accomplishments To Date In progress Strategic partnership with CEZ Partnership agreement with EU body/formal EU recognition as Strategic Project Finalise strategic partner/offtake discussions – in active Appointment of lead engineer discussions with leading
Slide 23: Key Takeaways
KEY TAKEAWAYS POWERING EU ENERGY INDEPENDENCE DFS Completed Developing the Cinovec Project, Leveraged to substantial EU Pre-tax NPV8 US$1.45bn (using the largest hard rock lithium funding programs to advance only 23-year of 28-year LOM) resource in Europe green transition Pre tax IRR 14.8% EUR 360M
Slide 24: European Metals Holdings
EUROPEAN METALS HOLDINGS ASX : EMH LON : EMH OTCQX : EMHXY Frankfurt : E861.F ERPNF Keith Coughlan Executive Chairman +61 419 996 333 keith@europeanmet.com www.europeanmet.com 24
Slide 25: Appendices
Appendices European Metals
Slide 26: Appendix 1 - Simplified Flowsheet Produces 99.99% Pure Lithium Carbonate
APPENDIX 1 - SIMPLIFIED FLOWSHEET PRODUCES 99.99% PURE LITHIUM CARBONATE High-grade Lithium End-Products Testwork produced high quality lithium carbonate products, compared with the published global standard specification: Li2CO3 Na K Mg Ca Mn Fe Ni Cu Zn Al Si Pb SO42- Cl % ppm ppm ppm ppm ppm ppm
Slide 27: Appendix 2 - Simplified Process Flowsheet
APPENDIX 2 - SIMPLIFIED PROCESS FLOWSHEET LIMESTONE GYPSUM MICA WATER CONCENTRATE RESIDUE TO TAILINGS ROAST LEACH FILTER MIXED SALT IMPURITY REMOVAL CRYSTALLISATION LITHIUM PHOSPHATE LITHIUM PHOSPHATE CONVERSION REAGENT REGENERATION LITHIUM SULPHATE PURE LITHIUM SULPHATE MONOHYDRATE SULPHURIC ACID C
Slide 28: Appendix 3 - 2025 European EV Sales Expected Up 67%
APPENDIX 3 - 2025 EUROPEAN EV SALES EXPECTED UP 67% 28 Source: https://www.best-selling-cars.com/europe/2025-outlook-europe-car-and-electric-car-sales-forecasts/
Slide 29: Appendix 4 - European EV Sales Still Strong
APPENDIX 4 - EUROPEAN EV SALES STILL STRONG European Plug-in EV market share 24% (H1 25) (compared to 19.4% in 2024). The all-electric car segment noted a 1.2% decrease with over 1.83 million units and a 15.4% market share in 2024 (compared to 15.7% in 2023, 14% in 2022 and 10% in 2021). Total Europ
Slide 30: Appendix 5 - Battery Grade Lithium Demand
APPENDIX 5 - BATTERY GRADE LITHIUM DEMAND electric era” VW DEMAND / SUPPLY UNDERSUPPLY Source:RK SourSoucece: Equity RK Equity 30
Slide 31: Appendix 6 - Battery Grade Lithium Undersupply
APPENDIX 6 - BATTERY GRADE LITHIUM UNDERSUPPLY LITHIUM “The irreplaceable element for the DEMAND / SUPPLY electric era” VW DEMAND / SUPPLY HYDROXIDE For high energy, long range batteries CHINA RELIANCE 83% global hydroxide production UNDERSUPPLY UNDERSUPPLY EUROPE 80% self sufficiency target by 2030
Slide 32: Appendix 7 - Peer Comparison Data: EU Combined Lithium Deposits
APPENDIX 7 – PEER COMPARISON DATA: EU COMBINED LITHIUM DEPOSITS Deposit Project Stage Country Mineral Resource Category Resource (Mt) Total Li2O Grade (%) Contained LCE (t) Source Measured 59.82 Table 1 - Cinovec Definitive Feasibility Indicated 378.23 Minerals Resource European Metals Cinovec Czech
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