Zinnwald Lithium : Corporate Presentation, Q1 2021

Developing the next lithium

producer in the heart of Europe

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ZINNWALD LITHIUM - FEBRUARY 2021

Overview

AIM quoted junior resource company focused on becoming an important supplier to Europe's fast-growing battery

sector

50% interest in the Zinnwald Lithium Project, a late stage development project in Germany with attractive economics and a mining licence in place

• Feasibility Study, June 2019: €428m pre-tax NPV (8% discount rate); pre-tax IRR 27.4%; 46% EBITDA margin
• Located in the heart of Europe's chemical and automotive industries
• Potential to be one of Europe's most advanced battery-grade lithium projects

Defined development plan focused on advancing Zinnwald towards construction & operation of the mine & processing plant

Strengthening lithium market fundamentals supported by accelerating switch to EVs & strong government support, particularly in Europe

Board & management with relevant sector & financial skills to advance the Project

1 The holding in Zinnwald Lithium Project is held via Deutsche Lithium GmbH

ZINNWALD LITHIUM - FEBRUARY 2021

The Zinnwald Lithium Project

Advanced lithium project in the heart of Europe

Project

Concept

• Integrated project designed to produce a suite of value-added downstream battery-grade lithium products
• Mine life of 30 years equates to < 50% of the current identified mineral resources
• Project NPV (100%): €428m
  and IRR: 27%
• Construction Capex of €159m

Fast Track

Development

• Definitive Feasibility Study completed
• Approved mining licence valid to 2047 and permitting process advanced
• Experienced project management team based in Germany
• Skilled labour available

Excellent

Location

• 35km from Dresden, Germany
• In the heart of the European chemical & automotive industries
• Established mining district - mining history of over 400 years
• Access to infrastructure (power, roads)

ZINNWALD LITHIUM - FEBRUARY 2021