Neometals Ltd · ASX:NMT
Neometals — Investor Presentation (April 2026)
53 slides from Neometals's investor presentation, Apr 20, 2026
Slide 1: Neometals: Transitioning to Gold Producer
For personal use only Neometals: Transitioning to Gold Producer Authorised for release by the Board of Neometals Ltd Capital Raise Presentation | 20 April 2026 ASX: NMT | OTCQX: NMTAY | DEU: 9R9 ASX: NMT | OTCQX: NMTAY | DEU: 9R9 Not for Release to U.S. Wire Services or Distribution into The United
Slide 2: Important Notices and Disclaimer (1/7)
Important Notices and Disclaimer (1/7) Authorisation Not for release to US wire services or distribution in the United States. maximum extent permitted by law, expressly disclaimed and excluded. It does not include all Unless otherwise defined in these notices and disclaimer, capitalised terms have
Slide 3: Important Notices and Disclaimer (2/7)
Important Notices and Disclaimer (2/7) Summary Information This Presentation is for information purposes only and is a summary only. This Presentation does Before making an investment decision, prospective investors should consider the appropriateness not purport to be all inclusive or to contain al
Slide 4: Important Notices and Disclaimer (3/7)
Important Notices and Disclaimer (3/7) Past Performance Past performance and pro forma historical financial information is given for illustrative purposes These forward-looking statements are also based on information available to Neometals at of the only and should not be relied upon as (and is not
Slide 5: Important Notices and Disclaimer (4/7)
Important Notices and Disclaimer (4/7) Financial Information All financial information in this Presentation is in Australian dollars (A$ or AUD) unless otherwise To comply with ASX Listing Rule 5.7 and the associated FAQ 36 (Announcements of material stated. acquisitions – former owners’ Exploration
Slide 6: Important Notices and Disclaimer (5/7)
Important Notices and Disclaimer (5/7) Exploration Target and Exploration Results 9. 6 November 2025, titled “Positive Metallurgical Sighter Test Work – Ironclad Gold Deposit”; The information in this presentation that relates to the Exploration Results reported by the Company 10. 27 November 2025,
Slide 7: Important Notices and Disclaimer (6/7)
Important Notices and Disclaimer (6/7) Foreign Selling Restrictions (i) disclaim all responsibility and liability (including, without limitation, any liability arising from fault, The distribution of this Presentation in jurisdictions outside Australia is restricted by law and you negligence or negl
Slide 8: Important Notices and Disclaimer (7/7)
Important Notices and Disclaimer (7/7) The Joint Lead Managers and their affiliates and related bodies corporate are full service financial institutions engaged in various activities, which may include (but are not limited to) underwriting, securities trading, financing, corporate advisory, financia
Slide 9: Investment Overview
Investment Overview 01 02 Barrambie Gold - Accelerated Pathway to Cashflow Aggressive brownfields exploration to build inventory Camp-scale project with historical high-grade production. Planned 22,000m drilling program aimed at extending Ironclad Strategy to define, evaluate and develop multiple sh
Slide 10: Strong Team and Culture
Strong Team and Culture Board Steven Cole Chris Reed Les Guthrie Greg Evans Jennifer Purdie Independent Managing Director/CEO Independent Independent Non-Executive Director Chairman Non-Executive Director Non-Executive Director For personal use only 40+ years in legal consultancy, 20+ years leadersh
Slide 11: Corporate Overview
Corporate Overview NMT has returned over A$82M to shareholders via dividends, buy-backs and return of capital ASX: NMT OTCQX: NMTAY RELATIVE PRICE PERFORMANCE Shares on Issue (1) m 770.5 Share Price A$ 0.050 250 30 Market Capitalisation A$m 38.5 For personal use only 25 Cash (31-Dec-25) (2) A$m 6.4
Slide 12: Executive Summary
For personal use only Executive Summary ASX: NMT | OTCQX: NMTAY | DEU: 9R9 neometals.com.au
Slide 13: 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 Barrambie (2024+ ) Au Mt Marion (2015-2018) Li ASX: NMT | OTCQX: NMTAY | DEU: 9R9 neometals.com.au Not for Release to U.S. Wire Services or Distribution into The United Sta
Slide 14: 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 15: 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 16: 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 17: Barrambie Greenstone Belt
Barrambie Greenstone Belt 40km of underexplored prospective mineralised strike Camp-scale:1 Dominant belt scale tenure position (357 km2) and 40km strike of Barrambie Greenstone Belt in the prolific Murchison Gold Belt, Western Australia; For personal use only Adjacent Greenstone belts have yielded
Slide 18: Strategy: Fast-track Production to Fund Organic Growth
Strategy Fast-track Production to Fund Organic Growth Opportunity16, 19: Subject to FID experienced mine contractors are funding the mining and processing of Ironclad deposit into production JV. Build inventory from large pipeline of open-pit and underground brownfields and greenfields targets; For
Slide 19: Ironclad Deposit
Ironclad Deposit For personal use only Plan view of March 2026 Ironclad Indicated and Inferred MRE at a level 50m below surface, Cross-sectional view (looking northwest) of the March 2026 Ironclad Indicated and Inferred MRE, showing block model A$6,500/oz optimised pit and drilling. Cross-section A-
Slide 20: Ironclad Deposit Mineral Resource Estimate
Ironclad Deposit Mineral Resource Estimate15 Historical and NMT 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 op
Slide 21: 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 22: Production JV
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 23: Indicative Forward Work Plan
Indicative Forward Work Plan For personal use only Potential Milestones Barrambie Gold Project | Not For Release to U.S. Wire Services Or Distribution Into The United States 23
Slide 24: Resource Extension: Ironclad North and Mystery Targets
Resource Extension Ironclad North and Mystery Targets Investigate extensions to high grade mineralisation along strike and plunge to the north (e.g. 25ICRC013)12 Exploration and infill drilling expected to grow the existing Ironclad MRE and convert Inferred Resource material to Indicated classificat
Slide 25: Silver Lining Brownfields Target
Silver Lining Brownfields Target1 Current gold mineralisation covers an area of 300m x 300m with predominately RAB drilling and minimal RC drilling on 50m x 50m drill spacing; Geological model: Similarities to the Ironclad deposit with known mineralisation sitting between two mapped structures
Slide 26: Woodies Brownfields Target
Woodies Brownfields Target1 Historical drilling shows an uninterrupted 1,300m mineralised gold trend; Exploration drilling in 2026 is targeting a 1,000m trend of >5g/t Au mineralisation at open pit depth; Best drill result is WRB065: 17m @ 5.44g/t Au including 5m @ 13.28g/t Au.1 For personal u
Slide 27: Rinaldi Prospect Copper Upside
Rinaldi Prospect Copper Upside Active mine: 1944 and 1956 to 196114; Pit dimensions: 18m strike x 5m width x 8m depth; Underground: 13m strike down to 30m depth; For personal use only Cu Ore Grade Type14 Metal Mineralogy Tonnes Cu Tonnes bornite, Copper Ore 112 16.6% 19 chrysocolla malachite,
Slide 28: Rinaldi Prospect Exploration Results
Rinaldi Prospect Exploration Results Neometals has confirmed the presence of primary copper sulphide mineralisation, comprising bornite and chalcopyrite, at approximately 70 For personal use only metres vertical depth below surface beneath the historic Rinaldi copper pit17; Next step: A Dipole-D
Slide 29: Barrambie Project Pipeline
Barrambie Project Pipeline Exploration Target between 8Mt at 1.3g/t Au and 10.5Mt at 2.3g/t Au, for an implied 335,000 – 775,000 oz Au1, 2 CAUTIONARY STATEMENT – EXPLORATION TARGET The Competent Person cautions that the potential quantity and grade of the Exploration Target are conceptual in nature
Slide 30: Utah Brine Project
For personal use only Utah Brine Project Utah Brine Corporation Neometals 51% Omaha Value, Inc. 49% ASX: NMT | OTCQX: NMTAY | DEU: 9R9 neometals.com.au
Slide 31: Investment Agreement
Investment Agreement 1 • Neometals has entered into an agreement to acquire 51% equity in Utah Brine Corporation (UBC) for incurring US$2M expenditure within a 3-year period and issuing 3 million 3-year unlisted options, exercisable at A$0.10, to Omaha Value Inc (Omaha). • UBC holds approximately +8
Slide 32: 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 33: 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 existing wells infrastructure and sub-surface data to accelerate exploration and lower the cost of rapidly adva
Slide 34: Indicative Milestones/Newsflow
Indicative Milestones/Newsflow 2026 2027 DEVELOPMENT RESOURCE EXPLORATION TARGET RESOURCE ESTIMATE For personal use only TOTAL RESOURCE DEVELOPMENT TESTWORK & STUDIES DLE PILOT ACTIVITIES SCOPING STUDY TOTAL TEST WORK & STUDIES Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Slide 35: Downstream Lithium Chemicals: ELi Process Technology
For personal use only Downstream Lithium Chemicals ELi Process Technology Reed Advanced Materials (“RAM”) 70% Neometals / 30% Mineral Resources Limited Vanadium Recovery | Not for Release or Distribution into The United States ASX: NMT | OTCQX: NMTAY | DEU: 9R9
Slide 36: ELi Process Strategic MoU with Rio Tinto
ELi Process Strategic MoU with Rio Tinto Aims to Deliver Sustainable Cost Background & Carbon Advantages To Users RAM successfully pilot tested purification and electrolysis in 2023 and 2024 respectively, producing high-purity lithium hydroxide monohydrate crystals2 from Rio Tinto’s Rincon brines. P
Slide 37: Vanadium Recovery
For personal use only Vanadium Recovery Vanadium Recovery Process Technology 100% Neometals Vanadium Recovery Project 1 - Finland 86.1% Neometals 11.7% Critical Metals Ltd 2.2% EIT Raw Materials GmbH Vanadium Recovery | Not for Release to U.S. Wire Services or Distribution into The United States ASX
Slide 38: EU's first domestic V2O5 production in project financing stage
EU’s first domestic V2O5 production in project financing stage NMT owns 86.1%3,5 of Novana Oy, developer of Vanadium Recovery Project – environmental approval and land lease EIT Raw Materials 2.2%1,2,3,5 equity + option to move to 19.9%1 – approved for EIB debt finance. €48.7M4 Business Finland gr
Slide 39: Capital Raising Overview
For personal use only Capital Raising Overview ASX: NMT | OTCQX: NMTAY | DEU: 9R9 neometals.com.au
Slide 40: Equity Raising Update
Equity Raising Update • Two-tranche equity placement (Placement) to raise A$7.9 million and non-renounceable entitlement offer (Entitlement Offer) to raise up to A$5.1 million (before costs). The Placement and Entitlement Offer are not underwritten. • Approximately 197.5 million New Shares to be iss
Slide 41: Capital Raising Sources and Uses of Funds - $13M gross raise
Capital Raising Sources and Uses of Funds - $13M gross raise Neometals plans to raise $7.9M via a two-tranche equity placement and up to $5.1M via an entitlement offer (before costs) 1 Sources $M Placement Proceeds 7.9 2 Entitlement Offer Proceeds 5.1 3 Opening Cash on Hand (April-26) 1.9 For person
Slide 42: Indicative Timetable – Placement Plus Entitlement Offer
Indicative Timetable – Placement Plus Entitlement Offer Equity Placement + Entitlement Offer Date (2026) (1) Trading halt on ASX Thursday 16th April Announcement of the Entitlement Offer (including completion of the Placement) Monday 20th April Trading halt lifted on ASX Monday 20th April Record Dat
Slide 43: Appendix A: Summary of Key Risks
For personal use only Appendix A Summary of Key Risks ASX: NMT | OTCQX: NMTAY | DEU: 9R9 neometals.com.au
Slide 44: Key Risks (1/6)
Key Risks (1/6) Before investing in New Shares, you should consider whether this investment is suitable for you. Potential investors should consider publicly available information on Neometals Limited, including the Neometals group of companies (together, Neometals or Company) (such as that availabl
Slide 45: Key Risks (2/6)
Key Risks (2/6) As with the development of all new technologies, Neometals’ technology development Projects may encounter technical readiness and/ or performance challenges, schedule and completion delays and incur additional development and production costs and expenses. These costs and expenses ma
Slide 46: Key Risks (3/6)
Key Risks (3/6) Occupational Health and Safety Risk Activities associated with mineral exploration, development and mining, mineral transportation, technology development, minerals processing and recycling activities all have inherent risks and hazards. Neometals is committed to providing a safe and
Slide 47: Key Risks (4/6)
Key Risks (4/6) Chemical operations have inherent risks and liabilities associated with pollution of the environment and the disposal of waste products occurring, as a result of commodity production and other Project activities. Laws and regulations involving the protection and remediation of the en
Slide 48: Key Risks (5/6)
Key Risks (5/6) Reliance on Key Management Neometals’ business, technology development and prospects are dependent on a small number of key management personnel. The loss of the services of one or more of such key management personnel may have an adverse effect on the Company and its operations, inc
Slide 49: Key Risks (6/6)
Key Risks (6/6) Data Protection Risks Sensitive data relating to Neometals, its employees, associates, customers, suppliers or the development of Neometals' innovative product range may be exposed, compromised, deleted, damaged or obtained by third parties, resulting in a negative impact on Neometal
Slide 50: Appendix B: International Offer Restrictions
For personal use only Appendix B International Offer Restrictions ASX: NMT | OTCQX: NMTAY | DEU: 9R9 neometals.com.au
Slide 51: International Offer Restrictions (1/2)
International Offer Restrictions (1/2) This document does not constitute an offer of new ordinary shares (“New Shares”) of the Company Hong Kong in any jurisdiction in which it would be unlawful. In particular, this document may not be distributed WARNING: This document has not been, and will not be
Slide 52: International Offer Restrictions (2/2)
International Offer Restrictions (2/2) New Zealand This document has not been registered, filed with or approved by any New Zealand regulatory authority under the Financial Markets Conduct Act 2013 (the “FMC Act”). The New Shares may only be offered or sold in New Zealand (or allotted with a view to
Slide 53: 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