Hexagon Energy Materials : HXG Pedirka Clean Hydrogen Project PFS Study Findings

Hexagon Energy Materials Ltd

ersonal use only

Hexagon's Pedirka Clean Hydrogen Project

Pre-Feasibility Study (PFS) Findings

28 February 2022

© 2022 Hexagon Energy Materials Limited (ASX:HXG)

Important Notices

onlyDISCLAIMER

The purpose of this presentation is to provide background information to assist in obtaining a general understanding of the Company's proposals and objectives. This presentation may contain some references to forecasts, estimates, assumptions and other forward-looking statements. Although the Company believes that its expectations, estimates and forecast outcomes are based on reasonable assumptions, it can give no assurance that they will be achieved. They may be affected by a variety of variables and changes in underlying assumptions that are subject to risk factors associated with the nature of the business, which could cause actual results to differ materially from those expressed herein. This presentation is not to be considered as a recommendation by the Company or any of its subsidiaries, directors, officers, affiliates, associates or representatives that any person invest in its securities. It does not take into account the investment objectives, financial situation and particular needs of each potential investor. Investors should make and rely upon their own enquires and assessments before deciding to acquire or deal in the Company's securities. If you are unclear in relation to any matter or you have any questions, you should seek advice from an accountant or financial adviser.

All references to dollars ($) in this presentation are to Australian dollars, unless annotated otherwise e.g. US$ for USD.

FORWARD-LOOKING STATEMENTS

This presentation includes forward-looking statements that are only predictions and are subject to risks, uncertainties and assumptions, which are outside the control of Hexagon Energy Materials Limited.

useActual values, results, interpretations or events may be materially different to those expressed or implied in this presentation. Given these uncertainties, recipients are cautioned not to place reliance on forward-looking statements in the presentation as they

are r levant only at or near the date of issue. Subject to any continuing obligations under applicable law and ASX Listing Rules, Hexagon Energy Materials Limited does not undertake any obligation to update or revise any information or any of the forward- looking statements in this presentation or any changes in events, conditions or circumstances on which any such forward-looking statement is based.

This presentation has been prepared by the Company. It contains background information about the Company, current at the date of this presentation. The presentation is in summary form and does not purport to be all inclusive or complete. Certain information has been sourced from Ebony Energy Limited; while steps have been taken to assess that information, no representation or warranty, express or implied is made to its fairness, accuracy, correctness completeness or adequacy. Recipients

hould conduct their own investigations and perform their own analysis in order to satisfy themselves as to the accuracy and completeness of the information, statements and opinions contained in this presentation. The presentation is for information p rposes only. Neither this presentation nor information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. The presentation may not be distributed in any jurisdiction except in accordance with legal requirements applicable in such jurisdiction. Recipients should inform themselves of the restrictions that apply to their own jurisdiction as a failure to do so may result in a violation of securities laws in such jurisdiction. This presentation does not constitute investment advice and has been prepared without taking into account the recipient's investment objectives, financial circumstances or particular needs; and the opinions and recommendations in this presentation are not intended to represent recommendations of particular investments to particular persons. Recipients should seek professional advice when deciding if an investment is appropriate. All securities transactions involve risks, which include (among others) the risk

	of adverse or unanticipated market, financial or political developments.
ersonal
	To the fullest extent of the law, Hexagon Energy Materials Limited, its officers, employees, agents, and advisers do not make any representation or warranty, express or implied, as to the currency, accuracy, reliability, or completeness of any information,
	st tements, opinion, estimates, forecasts, or other representations contained in this presentation. No responsibility for any errors or omissions from the presentation arising out of negligence or otherwise is accepted.
	Authorised for release by the Board of Directors
	©2022 Hexagon Energy Materials Limited. All rights reserved. www.hxgenergymaterials.com.au
	Hexagon's Pedirka Clean Hydrogen Project PFS Findings		2
		© 2022 Hexagon Energy Materials Limited (ASX:HXG)

Hexagon's overall corporate strategy
	Assets/Projects	Commodity	Value Creation
Historic
	Halls Creek	Gold	Farm In Agreements	In Progress
	Gold - Base Metals -
	($ Upfront / $ Exploration / Skills)
	PGE
Future Energy Materials
only	Ceylon (USA)	Graphite	South Star Battery Metals Earn In Option	Dec. 2021
($ Exploration /Project Development Skills/ Focus)
Graphite
use		Graphite	Green Critical Minerals (Graphite Mineral	Feb. 2022
	Rights) Earn In Agreement
			($ Upfront / $ Exploration/ Skills / Focus
	McIntosh		Leverage Technical & Commercial Alliances
	Graphite - Nickel -
	Copper - PGE
ersonal		Nickel-Copper-PGEs	Ni-Cu-PGE 2022 Drilling	Planned for
	April-Sept. 2022
	Clean Hydrogen	Hydrogen (Ammonia)	Northern Australia - NT, WA.	This Announcement
	Blue to Green
Future Energy		Core Focus
Hexagon's Pedirka Clean Hydrogen Project PFS Findings			3
		© 2022 Hexagon Energy Materials Limited (ASX:HXG)

Hexagon's clean Hydrogen strategy

only	Growth
		Build a portfolio of large
		scale projects that
		commercially deliver into the
		emerging clean Hydrogen markets.
use	Risk Management
Use proven-at-scale technologies to deliver on
		time and budget with guaranteed, sustained
		operational performance over the shortest
ersonal	possible development timeframe.
Cost Leadership
		Lowest possible cost (Total life of project CapEx and OpEx).
		Establish a Market position early … Learn and Build
		Value creation for shareholders through early participation in the large, global,
		emerging clean Hydrogen market.
	Hexagon's Pedirka Clean Hydrogen Project PFS Findings	4
		© 2022 Hexagon Energy Materials Limited (ASX:HXG)

Contents

1 Executive Summary
only	2	Pedirka PFS Outcomes
3
use	WA's Hydrogen Advantage and Introduction of
	Hexagon's WA Blue Hydrogen Project
		4
ersonal			The Clean Hydrogen Market Outlook

5	Moving Forward

Hexagon's Pedirka Clean Hydrogen Project PFS Close Out.

© 2022 Hexagon Energy Materials Limited (ASX:HXG)