Slide 1: Developing Ethical Industrial Tantalum Supply from Côte d'Ivoire
Developing DevelopingEthical and Ethical Industrial Industrial Tantalum Tantalum Supply Supply from from Côte Côte d’Ivoire d’Ivoire April 2025 Switch Metals plc / AIM: SWT www.switchmetals.com
Slide 2: Important Notice, Exclusions and Disclaimer
Important Notice, Exclusions and Disclaimer The information contained in this presentation and any accompanying oral presentation (“Presentation”) is being supplied to you by Switch Metals Plc (“Switch Metals”). By accepting this Presentation, you agree to be bound by the following terms. The conten
Slide 3: Company overview
Company overview • District scale tantalum projects in Côte d’Ivoire o Over 3,000km2 of licences and applications hosting numerous historical occurrences of tantalum, niobium and lithium • Tantalum important for technology and defence o Supply chain marred by political instability, poor traceability
Slide 4: Corporate overview
Corporate overview LISTING AND TICKER CAPITALISATION Switch Metals plc • Re-admission price: 7.5 p Admission to AIM on 3rd April 2025 • Shares outstanding: 118 M • Market capitalisation: £8.8m : SWT • Cash: £1.4m • Enterprise Value: £7.4m OWNERSHIP Switch Metals (Mauritius) Retail and 34% High Net W
Slide 5: Experienced Team with in-country presence
Experienced Team with in-country presence - Lawyer with over 35 years experience in the - Natural resources entrepreneur resources industry KARL - Co-founder and Director of Awalé Resources (TSX: DIDIER - Chairman of Centaurus Metals (ASX), Director of AKUESON ARIC) MURCIA Alicanto Minerals (ASX), p
Slide 6: Why Tantalum?
Why Tantalum ? - Tantalum is a rare, hard, heat- and corrosion-resistant UNIQUE metal used in alloys and electronics for capacitors, semiconductors, medical implants, chemical plants - Key to defence and aerospace equipment manufacturing RARE - Found in hard-rock pegmatites and from tin slags - Prod
Slide 7: Why Côte d'Ivoire?
Why Côte d’Ivoire ? Energy Net exporter of electricity (mainly gas and hydropower) Economic growth Sustained GDP growth – 5.6% average from 2019-2024 and 6.6% projected from 2024-2027 (S&P Global) Roads Road network includes highways with connectivity to most major towns Water Abundant water sources
Slide 8: Large scale and well positioned projects in West Africa
Large scale and well positioned projects in West Africa www.switchmetals.com // AIM: SWT 8
Slide 9: Our projects
Our projects ISSIA Projects’ location o Initial 112 km2 licence granted in March 2023 o Additional four applications covering an additional 904 km2 o Historic occurrences of coltan and lithium, and located near a mine under development by the national mining company (SODEMI) with a Chinese partner T
Slide 10: Issia exhibits both shallow placers and hard rock mineralisation
Issia exhibits both shallow placers and hard rock mineralisation ISSIA Preserved mineralised soil and gravel located directly above or near Lithium-Cesium-Tantalum pegmatites with confirmed mineralisation, which allows for both: 1) Free-dig coltan mining assessment at or close to surface 2) Hard-roc
Slide 11: Opportunity to start with low cost, shallow coltan placers
Opportunity to start with low cost, shallow coltan placers Majority of current supply The Issia Opportunity ISSIA Artisanal site in DRC Preserved site at Issia Artisanal small-scale Conventional mining mining (legal or (no blasting) and site illegal) reclamation Manual sorting and Mechanised gravity
Slide 12: Upside from hard rock pegmatites
Upside from hard rock pegmatites WORK COMPLETED • Systematic stream and soil sampling • Detailed mapping and outcrop sampling ISSIA • Trenching and pitting • Geophysics • Auger drilling • Academic research with the University of Nancy- Lorraine, France RESULTS • Anomalous stream corridor with favour
Slide 13: Next steps – indicative timeframe
Next steps – indicative timeframe • Start of pitting and bulk sampling over selected target areas Q2 –Q3 • Demo wash plant installation, heavy minerals and Ta2O5 grade estimations 2025 • Resource definition and metallurgical testing • Scoping study Q4 2025 • Filing of mining licence application Q1 2
Slide 14: Sustainability
Sustainability DRC filed criminal complaints against Apple in Europe over conflict minerals * Targeting a sustainable and ethical “Urban Mining” via e-waste supply of critical minerals recycling initiative - Regulated legal activity - Electronic Wastes Africa (EWA) is an electronic waste recycling N
Slide 15: Why "Switch Metals"?
Why “Switch Metals” ? Exposure to TANTALUM, a rare and critical metal Tantalum Scale Côte d’Ivoire Near-term focus on developing Largest tantalum / lithium licence Attractive mining jurisdiction low-capex and low-cost ethical holder in Côte d’Ivoire – +3,000 remains under explored coltan (Ta + Nb) p
Slide 16: Contacts
Contacts: Devonshire House 1 Mayfair Place London W1J 8AJ www.switchmetals.com info@oneiro.energy Appendices
Slide 17: Exploration upside: first hard rock drill targets identified at Issia
Exploration upside: first hard rock drill targets identified at Issia ISSIA Example Peg #12 and #13: Ground geophysical map showing the variations of the Example Peg #12 and #13: Ground geophysical vertical section showing the low total magnetic field and interpreted structures controlling the distr
Slide 18: Exploration upside: Bouaké niobium, tantalum and lithium pegmatites
Exploration upside: Bouaké niobium, tantalum and lithium pegmatites BOUAKE OVERVIEW • Mixed Lithium-Caesium-Tantalum (LCT) and Niobium Yttrium Fluorine (NYF) pegmatite signature : o Intruded in biotite and two micas granites o Rare earth elements (REE) occurrences in the form of monazite and xenotim
Slide 19: Exploration upside: Tiassalé lithium pegmatites
Exploration upside: Tiassalé lithium pegmatites TIASSALE OVERVIEW • Historically reported occurrence of spodumene-bearing pegmatites hosting lithium mineralisation • Located about 2h drive from Abidjan port via highway and national roads • Adjacent licences held by Atlantic Lithium and Ganfeng Lithi
Slide 20: Corporate structure
Corporate structure SWITCH METALS PLC (United Kingdom) 100% Switch Metals Côte d’Ivoire Sarl (Côte d’Ivoire) 100% (option) ISSIA BOUAKE OTHER ASSETS Option to acquire 100% of (100%) (100%) Touba: 100% application for Ni, Cu, Co, Au assets of Millenium Resources (Niobium, Sakassou : 80% JV for Batter
Slide 21: Contacts
Contacts: Devonshire House 1 Mayfair Place London W1J 8AJ www.switchmetals.com info@oneiro.energy