Australian Mines : 2021 AGM - Presentation

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2021 Annual General Meeting

Decarbonising and electrifying the world through the development of ethically sourced nickel and cobalt materials

australianmines.com.au

ASX I AUZ

A U S T R A L I A N M I N E S

Disclaimer

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Forward Looking Statement: This document may contain forward looking statements. Forward looking statements can generally be identified by the use of forward looking words such as, 'expect', 'anticipate', 'likely', 'intend', 'should', 'could', 'may', 'predict', 'plan', 'propose', 'will', 'believe', 'forecast', 'estimate', 'target', 'outlook', 'guidance', 'potential' and other similar expressions within the meaning of securities laws of applicable jurisdictions.

There are forward looking statements in this document relating to the outcomes of the Sconi Project Bankable Feasibility Study and ongoing refinement work. Actual results and developments of projects and the market development may differ materially from those expressed or implied by these forward looking statements. These, and all other forward looking statements contained in this document are subject to uncertainties, risks and contingencies and other factors, including risk factors associated with exploration, mining and production businesses. It is believed that the expectations represented in the forward looking statements are reasonable but they may be affected by a variety of variables and changes in underlying assumptions which could cause actual results or trends to differ materially, including but not limited to price fluctuations, actual demand, currency fluctuations, drilling and productions results, resource estimations, loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory changes, economic and financial market conditions in various countries and regions, political risks, project delay or advancement, approvals and cost estimates.

Any forward looking statement is included as a general guide only and speak only as of the date of this document. No reliance can be placed for any purpose whatsoever on the information contained in this document or its completeness. No representation or warranty, express or implied, is made as to the accuracy, likelihood or achievement or reasonableness of any forecasts, prospects, returns or statements in relation to future matters contained in this document. Australian Mines does not undertake to update or revised forward looking statements, or to publish prospective financial information in the future, regardless of whether new information, future events or any other factors affect the information contained in this announcement, except where required by applicable law and stock exchange listing requirements. To the maximum extent permitted by law, Australian Mines Limited and its Associates disclaim all responsibility and liability for the forward looking statements, including, without limitation, any liability arising from negligence. Recipients of this presentation must make their own investigations and inquiries regarding all assumptions, risks, uncertainties and contingencies which may affect the future operations of Australian Mines Limited or Australian Mines Limited's securities.

Previously Reported Information: This document does not contain any new data, results or information, with all references clearly stated.

Any exploration and/or resource data, or statements referenced within this document have previously been lodged by Australian Mines Limited with the ASX via announcements dated 20 November 2018, 30 November 2018, 6 December 2018, 3 January 2019, 15 January 2019, 21 January 2019, 22 January 2019, 25 January 2019, 12 February 2019, 13 February 2019, 14 February 2019, 21 February 2019, 27 February 2019, 26 April 2019, 29 April 2019, 12 June 2019, 13 June 2019, 17 June 2019, 8 July 2019, 6 August 2019, 12 August 2019, 1 October 2019, 2 October 2019, 21 October 2019, 1 November 2019, 25 November 2019, 14 April 2020, 12 June 2020, 19 June 2020, 23 June 2020, 29 June 2020, 15 July, 2020, 13 August 2020, 18 August 2020, 26 August 2020, 10 September 2020, 6 October 2020, 12 October 2020, 26 October 2020, 10 November 2020, 19 January 2021, 29 January 2021, 6 April 2021, 29 April 2021, 5 May 2021, 2 June 2021, 3 June 2021, 7 June 2021, 24 June 2021, 25 June 2021, 28 June 2021, 27 July 2021, 28 July 2021, 30 July 2021, 16 August 2021, 15 September 2021, 25 October 2021 and 17 November 2021. Australian Mines Limited is not aware of any other new information or data that materially affects the information included in the original market announcements referred to above, and that all material assumptions and technical parameters have not materially changed.

Cautionary Note For U.S. Investors Regarding Reserve and Resource Estimates: Unless stated otherwise, all resource estimates by the Company in this Presentation were calculated in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the "JORC Code", 2012 Edition), a professional code of practice that sets minimum standards for the public reporting of mineral exploration results, Mineral Resources, and Ore Reserves.

These standards differ significantly from the requirements of the U.S. Securities and Exchange Commission for descriptions of mineral properties, which requirements are set forth in SEC Industry Guide 7, under Regulation S-K of the United States Securities Act of 1933, as amended. Information concerning mineralization, deposits, mineral reserve and resource information contained or referred to herein may not be comparable to similar information disclosed by U.S. companies. In particular, and without limiting the generality of the foregoing, this Presentation uses the terms "Resource", "Mineral Resource", "Measured Resource", "Indicated Resource", and "Inferred Resource". U.S. investors are advised that, while such terms are recognized and required under Australian securities laws, the United States Securities and Exchange Commission does not recognize them. Under U.S. standards, mineral resources may not be classified as "reserves" unless the determination has been made the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. U.S. investors are cautioned not to assume that any part of a "measured resource" or "indicated resource" will ever be converted into a "reserve". U.S. investors should also understand the "inferred resources" have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of "inferred resources" will ever be upgraded to a higher category. Accordingly, the information in this document containing descriptions of the Company's mineral properties may not be comparable to the information disclosed by companies that report in accordance with U.S. standards.

A U S T R A L I A N M I N E S L I M I T E D

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Agenda

Overview

Sconi Project

Summary

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Overview

O V E R V I E W

Experienced Board and Leadership Team

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Driving growth and development

• Strong, well-integrated and experienced team characterised by a diverse skills mix, stable tenure and disciplined management style

Michael Ramsden	Benjamin Bell	Michael Elias	Dominic Marinelli	Les Guthrie	Oliver Canton
Chairman	Managing Director	Non-Executive	Non-Executive	Non-Executive	Company
BEc, LLB, FFIN	BSc, MMET, MBA	Director	Director	Director	Secretary
Independent	Executive	BSc(Hons),	BEng, PGD Sc, MBA	BSc, MAICD	BJuris, LLB
FAusIMM, CPGeo	Independent	Independent
		Independent
30 years' experience	25 years' experience	Internationally	Over 20 years'	Over 40 years'	Qualified lawyer with
as a corporate advisor	in the resources	recognised expert in	corporate fundraising	experience in	over 30 years'
	sector	lateritic nickel-cobalt	experience	project delivery across	experience in a variety
		deposits with 35		the mining,	of corporate roles
		years' experience		infrastructure, and
		in nickel resource		energy sectors
		development
A U S T R A L I A N M I N E S	L I M I T E D				australianmines.com.au |	4