Frontier Energy : Presentation, building a clean energy company

ersonal use only

Clean Energy in the Heart of WA

ASX: FHE

March 2022

1

ASX:FHE | 2

IMPORTANT NOTICE

FORWARD LOOKING STATEMENT

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from those expressed or implied by such forward-looking information, including risks associated with inv estments in priv ate and publicly listed companies such as Frontier Energy Limited (Frontier or Company); risks associated with onlygeneral economic conditions; the risk that further funding may be required but unav ailable for the ongoing development of the Company's projects or future acquisitions; changes in gov ernment regulations, policies or legislation; unforeseen expenses; fluctuations in commodity prices; fluctuation in exchange rates; litigation risk; the inherent risks and danger s of dev elopment operations in general; risk of continued negativ e operating cashflow; the possibility that required permits may not be obtained; env ironmental risks; general risks associated with the feasibility and development of the Company's Bristol Spring Solar Project (BSS Project); changes in laws or regulations; future actions by gov ernment; breach of any of the contracts through which the Company holds property rights; defects in or challenges to the Company's property interests; uninsured hazards; disruptions to the Company's supplies or service providers; reliance on key

personnel, retention of key employees and the impact of the COVID-19 pandemic on the Company's business and operations.

Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management of the Company made in light of their experience and their perception of trends, current conditions and expected dev elopments, as well as other factors that management believ es to be relev ant and reasonable in the circumstances at the date that such statements

useare made, but which may prov e to be incorrect. The Company believ es that the assumptions and expectations reflected in such forward-looking information are reasonable.

Assumptions hav e been made regarding, among other things: the energy market, the Company's peers, the Company's ability to carry on its future dev elopment works, construction and production activities, the timely receipt of required approv als, the price of electricity, the ability of the Company to operate in a safe, efficient and effective manner and the ability of the Company to obtain financing as and when required and on reasonable terms. Readers are cautioned that the foregoing list is not exhaustiv e of all factors and assumptions which may hav e been used.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other

factors that cause the Company's results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future ersonalev ents could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not

undertake to update any forward-looking information, except in accordance with applicable securities laws.

NO LIABILITY/SUMMARY INFORMATION

Frontier has prepared this presentation material (Presentation) based on information av ailable to it at the time of preparation. No representation or warranty, express or implied, is made as to the fairness, accuracy or completeness of the information, opinions and conclusions contained in the Presentation. To the maximum extent permitted by law, the Company, its related bodies corporate (as that term is defined in the Corporations Act 2001 (Commonwealth of Australia)) and the officers, directors, employees, adv isers and agents of those entities do not accept any responsibility or liability including, without limitation, any liability arising from fault or negligence on the part of any person, for any loss arising from the use of the Presentation or its contents or otherwise arising in connection with it.

FRONTIER ENERGY - BUILDING A CLEAN ENERGY COMPANY

Why Bristol Springs Solar Farm

Major Growth Potential

WA Government H2 Strategy

Proven team in place

Location - 125km from Perth -

Solar

Expansion

-

land

H2 Export - WA's market share

Board and management -

in global hydrogen exports is

grid

and

gas

power

opportunities

that

could

vast

experience

in building

onlyc nnection, world class

expand

production

up

to

similar to its share in LNG today

resource projects in Western

surrounding

infrastructure

~500MWdc

Gas Blending - Gas

networks

Australia & beyond

(ports

and

roads),

highly

Wind and Battery

solutions

-

contain up to 10% renewable

Strong connections

with

skilled local workforce

hydrogen blend

studies commenced

both

Federal

and

State

Production ready

-

Stage

Hydrogen Potential -

Study

Remote application

- widely

governments

One on track to

commence

used in mining vehicles

commenced

and

typical

usedevelopment

(114MWdc) by

barriers

for

entry

(ie:

major

Regional Transport - Significant

2022/23

capital projects) are already

ersonal

fuel source for transport in

in place with available access

Regional WA

Capital

270.7m1

33.4m

$65m

~$6.5m

~$10m

~$48.3m

Structure

Shares on issue

Opt ions

Market Cap

Cash - March 22

Listed investments

Enterprise Value

2

At $0.24/ share

1 - Additional 25.5m performance shares (ASX announcement 23 February2022); 2 - Frontier owns 128m shares in MZN.TSXV (current share price C$0.08 / share)	ASX:FHE | 3

ALL THE INGREDIENTS ALREADY IN PLACE FOR FUTURE GREEN HYDROGEN PRODUCTION AT BRISTOL SPRINGS

A major barrier for entry into clean energy and hydrogen is location & access to existing transmission infrastructure

Frontier is strategically located close to existing and future infrastructure requirements that importantly has spare capacity
use only	Grid Connection
	Gas Connection		Port Infrastructure		Skilled Workforce		Clean Water
ersonal	Landwehr Power		Waroona Gas Terminal		Global export		164,000 people < 60km		Critical element for
Terminal / SWIS		Dampier - Bunbury		Bunbury port - 60km		Waroona - 8km		hydrogen
33/330kV transformer		Pipeline (DBNGP)		Kwinana port - 85km		Bunbury - 60km		10Litres H2O = 1kg H
	3.5km from BSS		4km from BSS		Henderson Port - 95km		Mandurah - 45km

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WESTERN AUSTRALIA'S GREEN HYDROGEN STRATEGY

The Western Australian Government aims to become

only

EXPORT

a global leader in the production and exportation of

green hydrogen matching its market share in LNG

REMOTE APPLICATIONS

production by 2030

• WA currently produces no commercial green

HYDROGEN

hydrogen

• WA accounting for 12% of global LNG exports

BLENDING

• The value of WA's LNG sales during 2020-21 was

IN NATURAL

GAS NETWORKS

TRANSPORT

$15.8 billion

useWHAT IS REQUIRED FOR

HYDROGEN PRODUCTION?

ersonal

Pathway for

producing

renewable

RENEWABLE

hydrogen

WATER

RENEWABLE

ELECTROLYSIS

OXYGEN

HYDROGEN

ELECTRICITY

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