Essential Metals : Noosa Mining Investor Conference presentation

onlyASX Code: ESS Corporate Profile

Shares on issue: 246,487.425

Listed Options: 20,720,729

($0.15 exercise: 30/11/22 expiry)

Cash: $11m (31 May 2022)

Debt: Nil

useKEY PROJECTS LITHIUM Pioneer Dome GOLD Golden Ridge GOLD Juglah Dome

Joint Ventures (ESS %)

personal2 x nickel projects (20-25%)* 4 x gold projects (25-30%)*

* Free c rried to a decision to mine

Corporate Directory

Non-Executive Chairman

Craig McGown

N n-Executive Directors

Paul Payne

Warren Hallam

Managing Director

Timothy Spencer

CFO & Company Secretary

Carl Travaglini

Ex loration Manager

Andrew Dunn

ForInvestor Relations Nich las Read Read C rporate

t: [phone]

e: [e-mail]

ABN: 44 103 423 981

t: [phone]

1. [e-mail]

1. essmetals.com.au

Level 3, 1292 Hay St

West Perth, WA 6005

Australia

PO Box 1787,

West Perth, WA 6872

Australia

20 July 2022

Noosa Mining Investor Conference presentation

Essential Metals Limited (ASX: ESS) is pleased to advise that Managing Director, Timothy Spencer, will be presenting at the Noosa Mining Investor Conference on the Sunshine Coast in Queensland from 20 to 22 July 2022.

Mr Spencer will deliver his presentation at 11:45am AEDT / 9:45am AWST on Friday 22 July 2022.

The presentation slides to be delivered by Mr Spencer are attached.

Authorised for release by the Board of Directors

For further information:	Investor Relations:
Tim Spencer, Managing Director	Nicholas Read
Essential Metals Limited	Read Corporate
T: [phone]	T: [phone]
E:[e-mail]	E:[e-mail]

r personal use only

ASX: ESS

3	79
Au
Li
28
	Gold
Lithium	Ni
	Nickel

Located in the core of WA's

"lithium corridor"

Our strategy is to become a new force in the

lithium supply chain

Noosa Mining - Noosa, Australia

20-22 July 2022

Drilling at Juglah Dome

Forward looking statements and disclosures

onlyForward looking statements

This document may contain "forward-looking statements" and other forward looking information based on the Company's expectations, estimates and projections as of the date on which the statements were made. This forward looking information includes, among other things, statements with respect to the Company's business strategy, plan, development, objectives, performance, outlook, growth, cash flow, projections, targets and expectations, Mineral Resources and results of exploration. Generally, this forward looking information can be identified by the use of forward- looking terminology such as 'outlook', 'anticipate', 'project', 'target', 'likely',' believe', 'estimate', 'expect', 'intend', 'may', 'would', 'could',' should', 'scheduled', 'will', 'plan', 'forecast', 'evolve' and similar expressions. Persons reading this document are cautioned that such statements are only predictions, and that the Company's actual future results or performance may be materially different. Forward looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward looking information. Forward looking information is developed based on assumptions about such risks, uncertainties and other factors, including but not limited to general business, economic, competitive, political and

social uncertainties; the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future commodity prices; possible variations of ore grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accident, labour disputes and other risks of the mining industry; and delays in obtaining governmental approvals or financing or in the completion of development or construction activities. This list is not exhaustive of the factors that may affect our forward looking information. These and other factors should be

useExploration Results: Mr Andrew Dunn (MAIG), Exploration Manager who is employed full-time by Essential Metals Limited, compiled the technical aspects of this Report. Mr Dunn is eligible to receive equity- based securities in Essential Metals Limited under the Company's employee incentive schemes. Mr Dunn is a member of the Australian Institute of Geoscientists and has sufficient experience that is relevant to the styles of mineralization and types of deposit under consideration and to the activity that is being reported on to qualify as a Competent Person as defined in the 2012 edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr Dunn consents to the inclusion in the report of the matters in the form and context in which it appears.

considered carefully and readers should not place reliance on such forward looking information. Recipients of this document must make their own investigations and inquiries regarding all assumptions, risks, uncertainties and contingencies which may affect the future operations of the Company and the Company's securities. The Company disclaims any intent or obligations to or revise any forward looking statements whether as a result of new information, estimates, or options, future events or results or otherwise, unless required to do so by law.

Competent Person Statements

personalDome North Lithium Mineral Resource: The information in this presentation that relates to Mineral Resources for the Dome North Lithium Project is based on and fairly represents information compiled by Competent Persons Mr Stuart Kerr and Mr Lauritz Barnes as extracted from the report entitled "Dome North Lithium Project - Resource upgrade" created on 29 September 2020 and is available to view on www.essmetals.com.au.

Dome North Mineral Metallurgical Test Work: The information in this report that relates to metallurgical test work for the Dome North Lithium Project has been reviewed by Mr Joshua Paterson who is a member of the Australasian Institute of Mining and Metallurgy. Mr Paterson is an employee of Primero Ltd and has sufficient experience relevant to the style of processing response and type of deposit under consideration, and to the activities undertaken, to qualify as a Competent Person as defined in the 2012 edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Paterson consents to the inclusion in the report of a summary based upon his information in the form and context in which it appears.

Reference to previous market announcements: The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and, in the case of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcements continue to apply and have not materially changed. The company confirms that the form and context in which Exploration Results or Competent Person's findings are presented have not been materially modified from the original market announcements.

This presentation has been approved by the Company's Board of Directors..

Slide 2

r

Highlights

r personal use only

LITHIUM RESOURCE	Essential Metal's Dome North Lithium Resource is one of only 13JORC compliant
spodumene lithium resources in Australia
	The only Australian Lithium Resource not yet committed to an offtake arrangement
STRATEGIC LOCATION	The 100% owned Pioneer Dome Lithium Project 55km north of Norseman, WA, is next to a
main highway and other key infrastructure and near (<70km) Mt Marion and Bald Hill lithium
	mines
FUNDED FOR	Essential Metals has $11M in cash (31/05/2022)
UPCOMING ACTIVITIES
DEVELOPMENT	Activities are underway to get the Dome North Lithium Resource ready for development in
READINESS	parallel with exploration activities aimed at growing lithium resources
ESG IS ESSENTIAL	Getting ESG right is essential for mining and Essential Metals will apply the highest ESG
standards to its future mining operations
TIMING IS RIGHT	The lithium demand outlook points to lithium deficits only becoming larger from 2024 as the
global adoption of 'electrification' goes mainstream

Slide 3

Corporate Overview

only
Capital structure
use		246M Shares
	21M Options
			ASX: ESS/ESSO
personalr
	A$11M Cash
			as at 31 May 2022

A$90M

Market Cap

$0.365/share

(14/07/2022)

+	$3.1M upon 21M
ASX:ESSO $0.15 options
expiring 30 Nov 2022 being
exercised

Board & Management

Executive Team

• Tim Spencer, Managing Director: 30 years' experience commercial/corporate; project development in Australia, Indonesia, Brazil and Italy
• Carl Travaglini, CFO & Company Secretary: 15 years' experience in gold & lithium project developments
• Andrew Dunn, Exploration Manager: 20 years' in exploration across
  WA & NSW

Non-Executive Directors

• Craig McGown, Non-Exec Chairman: 40 years in capital markets; corporate
• Paul Payne, Non-ExecDirector: 35 years' experience: geologist; exploration, project development; corporate
• Warren Hallam, Non-Exec Director: 35 years' experience: metallurgist; management, operations; project development, corporate

Slide 4