Slide 1: Corporate Presentation May 2024
CHARGING AMERICA’S FUTURE CORPORATE PRESENTATION May 2024 Anson Resources | ASX: ASN
Slide 2: Disclaimer & Important Notice
DISCLAIMER & IMPORTANT NOTICE The information contained in this confidential document ("Presentation") has been prepared by Anson Resources Limited (the "Company"). It has not been fully verified and is subject to material updating, revision and further amendment. The Information many not be distrib
Slide 3: Corporate Snapshot
CORPORATE SNAPSHOT Anson Resources, through its wholly owned US subsidiary A1 Lithium, is at the forefront of the global energy transformation, supplying high purity lithium through a combination of eco-friendly processing methods and environmentally responsible management philosophy Anson/A1 ASN |
Slide 4: Green River project location and infrastructure
GREEN RIVER: rs U Gas / Major natural gas pipeline 1/4 ml from plant. A Proximity to township Located in Green River 2 mi from the town center, with access to town water and sewerage, and a community for employees. / site due to the former uranium een —> ( processing facility on adjacent wer ¢ land.
Slide 5: Interpreted Lithium Resource in North Paradox Basin
INTERPRETED LITHIUM RESOURCE IN NORTH PARADOX BASIN The Paradox Basin has the potential to contain a world class/size lithium brine resource. Interpreted lithium resource Can be interpreted due to the continuous nature of the brine containing units within the Paradox Basin (Estimate from 3D GREEN RI
Slide 6: Expansion to 30,000 tpa Funded from Cashflow
EXPANSION TO 30,000 tpa FUNDED FROM CASHFLOW 45,000tpa of other • Phase 1 – Lithium production at Paradox of critical 10,000tpa will fund, via free cashflow, future growth and expansion stages. • Phase 2 – Approximately 2 years following full production at Paradox, the Company would have 20,000tpa 2
Slide 7: Geo-Hydraulic brine pressure
“GEO-HYDRAULIC” u 4 th Brine pressure could flow to 500 ft above ground level. Brine pressure falls from 4500 psig to 4,000 psig shortly after commencing production and remain stable at that level the total modelled period or at least 5 years!. A ce » 500 ft above ground No need to pump the brine to
Slide 8: The Anson Way
THE ANSON WAY: ys" HIGH SUBSIDY US lithium in US EV Inflation Reduction Act @O@ For US lithium producers from US ELECTRIC VEHICLE $ Us Depa Gti Energy 1.700 psi t LOW CARBON LOW LAND FOOTPRINT t Brine flows naturally No evaporation ponds H without pumping : No mine and no pretreatment Low Brownfield
Slide 9: Green River Progress
GREEN RIVER PROGRESS Green River drilling commenced • Secured approvals for drilling, Notice of Intent (NOI) approved by the Utah Division of Oil, Gas and Mining (UDOGM), Minerals Division, and Permit to Drill (APD) • Drilling is now complete to a depth of ~11,000ft and will sample the Mississippian
Slide 10: Anson Lithium Innovation Center (LiC)
ANSON LITHIUM INOVATION CENTER (LiC) 1. Lithium Innovation Center (LiC) Work Program • Sample Demonstration Plant (SDP) producing battery grade lithium carbonate, using flow sheet from the DFS, for offtake partner samples.1 • Production rate 150kgs pa increasing to 1tpa over 12 months. • SDP to be r
Slide 11: Project Workstreams Update
PROJECT WORKSTREAMS UPDATE Qualification Period Negotiation with OEMs Commenced Submission of Applications Engagement with Authorities of Required Approvals Ba =| GED ID commenced Front-End Engineering Design 4 Commenced Process i. 4 Unde: ANC =Strong Project Financials Engagement with Government &
Slide 12: Clean Lithium: Game Changing
CLEAN LITHIUM: GAME CHANGING [-— Na ANSON'S DIRECT LITHIUM EXTRACTION TECHNOLOGY IS GAME CHANGING ——/ — Lithium can now be produced with: Less emissions Less water Less waste Less chemicals xin Purity PRODUCTION OF HIGHER PURITY >99.95% Li2CO37 Longer life battery 2 High Purity >99.95% 6 LESS WATER
Slide 13: Focus of Innovation Program: Efficient Water Use
FOCUS OF INNOVATION PROGRAM RECYCLING - EFFICIENT WATER USE: ADDITIONAL ESG ATTRIBUTES GALLONS OF WATER CONSUMED A1 LITHIUM WATER RIGHTS 1x10 ears 1x Manufacturing 1x EV Battery of Corn T-Shirt Produced from 3, 000 Anson's Lithium ACRE FEET PER ANNUM % O O 66 6 O Leased 66 6660660 370g ere) ouBedl 2
Slide 14: ESG Engagement Strategy
ESG ENGAGEMENT STRATEGY Jisii4 Jjitij4 Jijitdii4 Jjjijtj4 Ay a4 wane wawe 2 Nees im foi GOVERNANCE > Non-intrusive extraction method. > Revitalization of regional areas & labor force. > Commitment to ethical and transparent No chemicals or open mining; 500 jobs directly created during construction,
Slide 15: Forecast Contribution to the Community
FORECAST CONTRIBUTION TO THE COMMUNITY A PHASE 2 ONGOING WORKFORCE ~~ ww ~150 = ADDITIONAL UPSIDE VALUE 297 - 500 Noe » > Anson's World Class Mineral Resource supports continued production well beyond the modelled 23 year life of mine. CONSTRUCTION ONGOING WORKFORCE > Revitalizing America’s Manufact
Slide 16: Experienced Board & Executive Team
EXPERIENCED BOARD & EXECUTIVE TEAM BOARD Bruce Richardson, IY Proven track record of 15 years in exploration, mining and production in public and private companies. Over 30 years of international business experience. Raised over $220 million of investment for mining projects. SENIOR EXECUTIVES Flemm
Slide 17: Paradox Lithium Project: Phase 1 DFS Highlights
PARADOX LITHIUM PROJECT: PHASE 1 DFS HIGHLIGHTS Production Life Total Revenue 13,074 tpa (Y1-10) 23 years US$ 5,080 m Additional Upside Value • Revenue from valuable by-products (Boron) has not been included in the economic analysis IRR CAPEX Annual EBITDA2 • DFS excludes subsequent JORC Resource Up
Slide 18: Operating at Low-End of Cost Curve
OPERATING AT LOW-END OF COST CURVE Global Lithium Carbonate Equivalent C1 Cost Curve (2025)1,2 Paradox Lithium Project DFS2 Years 1-10 1 – Source: Benchmark Minerals Intelligence (Q2 2022) Lithium Quarterly report. 2 – Paradox Lithium Project DFS production cost position on the global lithium carbon
Slide 19: Thank You
THANK YOU US 949-508-7834 info@ansonresources.com www.ansonresources.com 660 Newport Center Drive, Newport Beach, CA Anson Resources | ASX: ASN
Slide 20: Current Approvals and Government Support
CURRENT APPROVALS AND GOVERNMENT SUPPORT • Investor site visit supported by Mr Phillip Lyman State Representative, Utah House of Representatives, Mr Bill Winfield, County Commissioner Grand County and Bo Harrison, Council Member, City of Green River • Letter of support for the project from Green Riv
Slide 21: Paradox Basin Geology & Mineralisation
PARADOX BASIN GEOLOGY & MINERALISATION The Paradox Basin is located within a mature Oil & Gas district providing Anson access to existing well infrastructure and valuable historic data. The Paradox Basin consists of various formations which host large volumes of brines rich in Lithium and Bromine am
Slide 22: Paradox Lithium and Bromine Resource
PARADOX LITHIUM AND BROMINE RESOURCE Brine Grade (ppm) Contained (‘000 t) Formation Clastic Zone Category (Mt) Li Br Li2CO3 Br2 Indicated 57 165 2,814 50 162 Paradox Formation – CZ31 31 Inferred 92 176 2,677 86 246 CZ31 Resource 149 172 2,738 136 408 17, 19, 29, 33, Indicated 194 86 3,378 89 646 Par
Slide 23: Resource Expansion – Western Strategy
RESOURCE EXPANSION – WESTERN STRATEGY The successful execution of the Western Strategy will support future increases in Lithium Carbonate production. 550% increase in JORC lithium resource (over PEA) to >1Mt LCE delivered from Eastern Strategy. Western Resource Expansion Strategy will target lithium
Slide 24: Operating Cost Estimate
OPERATING COST ESTIMATE Lithium Carbonate Production Year 1-10 Production (13ktpa) • Operating cost estimates include brine extraction, Item US$ per tonne LCE processing and production of battery grade Raw materials 1,188 lithium carbonate. Freight on raw materials 95 Electricity 589 • All direct co
Slide 25: Capital Cost Estimate
CAPITAL COST ESTIMATE Capital Item US$m • The capital cost estimate includes direct, indirect costs, freight, professional services, taxes and Direct Capital Costs 275.2 contingency. Indirect Capital Costs 126.0 • The DLE plant will be supplied and commissioned by Sunresin, Anson’s technology partne
Slide 26: Anson's Funding Strategy
ANSON’S FUNDING STRATEGY • Appointed BurnVoir Corporate Finance as financial adviser Debt • Strong initial interest from leading international banks, export credit agencies and credit funds • Engagement commenced with US Department of Energy Loan Programs Office Phase 1 DFS Project Capex – US$495m S
Slide 27: Li Battery Testing – Premium Performance
LI BATTERY TESTING – PREMIUM PERFORMANCE • Testing conducted on Lithium Carbonate produced from Paradox project brine. Testing involved running 100s’ of charge/discharge cycles in lithium-ion pouch cells (NMC622 based) • Anson’s Li2CO3 demonstrated lower capacity loss during initial charge cycles •
Slide 28: Competent Person's Statement
COMPETENT PERSON’S STATEMENT Competent Person’s Statement 1: The information in this presentation that relates to exploration results, exploration targets and geology is based on information compiled and/or reviewed by Mr Greg Knox, a member in good standing of the Australasian Institute of Mining a