Technology Metals Australia : TMT - Brisbane Mining Energy & Minerals Conference

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TECHNOLOGY

METALS AUSTRALIA LIMITED

TECHNOLOGY METALS FOR A CLEANER FUTURE

BRISBANE MINING

ENERGY & MINERALS

MARCH 2022

For personal use only

DISCLAIMER

Disclaimer

This presentation has been prepared by Technology Metals Australia Limited ("Company"). It does not purport to contain all the information that a prospective investor may require in connection with any potential investment in the Company. You should not treat the contents of this presentation, or any information provided in connection with it, as financial advice, financial product advice or advice relating to legal, taxation or investment matters.

No representation or warranty (whether express or implied) is made by the Company or any of its officers, advisers, agents or employees as to the accuracy, completeness or reasonableness of the information, statements, opinions or matters (express or implied) arising out of, contained in or derived from this presentation or provided in connection with it, or any omission from this presentation, nor as to the attainability of any estimates, forecasts or projections set out in this presentation.

This presentation is provided expressly on the basis that you will carry out your own independent inquiries into the matters contained in the presentation and make your own independent decisions about the affairs, financial position or prospects of the Company. The Company reserves the right to update, amend or supplement the information at any time in its absolute discretion (without incurring any obligation to do so).

Neither the Company, nor its related bodies corporate, officers, their advisers, agents and employees accept any responsibility or liability to you or to any other person or entity arising out of this presentation including pursuant to the general law (whether for negligence, under statute or otherwise), or under the Australian Securities and Investments Commission Act 2001, Corporations Act 2001, Competition and Consumer Act 2010 or any corresponding provision of any Australian state or territory legislation (or the law of any similar legislation in any other jurisdiction), or similar provision under any applicable law. Any such responsibility or liability is, to the maximum extent permitted by law, expressly disclaimed and excluded.

Nothing in this material should be construed as either an offer to sell or a solicitation of an offer to buy or sell securities. It does not include all available information and should not be used in isolation as a basis to invest in the Company.

Future matters

This presentation contains reference to certain intentions, expectations, future plans, strategy and prospects of the Company.

Those intentions, expectations, future plans, strategy and prospects may or may not be achieved. They are based on certain assumptions, which may not be met or on which views may differ and may be affected by known and unknown risks. The performance and operations of the Company may be influenced by a number of factors, many of which are outside the control of the Company. No representation or warranty, express or implied, is made by the Company, or any of its directors, officers, employees, advisers or agents that any intentions, expectations or plans will be achieved either totally or partially or that any particular rate of return will be achieved.

Given the risks and uncertainties that may cause the Company's actual future results, performance or achievements to be materially different from those expected, planned or intended, recipients should not place undue reliance on these intentions, expectations, future plans, strategy and prospects. The Company does not warrant or represent that the actual results, performance or achievements will be as expected, planned or intended.

Competent Person's Statement

The information in this report that relates to Exploration Results are based on information compiled by Mr John McDougall. Mr McDougall is the Company's Exploration Manager and a member of the Australian Institute of Geoscientists. Mr McDougall has sufficient experience relevant to the styles of mineralisation and types of deposits which are covered in this report and to the activity which they are undertaking 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' ("JORC Code"). Mr McDougall consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

The information in this report that relates to Mineral Resources is based on information compiled by Mr Aaron Meakin. Mr Aaron Meakin is a Principal Consultant of CSA Global Pty Ltd and is a Member and Chartered Professional of the Australasian Institute of Mining and Metallurgy. Mr Aaron Meakin has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as Competent Person as defined in the 2012 Edition of the Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves ("JORC Code"). Mr Aaron Meakin consent to the disclosure of the information in this announcement in the form and context in which it appears.

The information that relates to Ore Reserves is based on information compiled by Mr Daniel Grosso an employee of CSA Global Pty Ltd. Mr Grosso takes overall responsibility for the Report as Competent Person. Mr Grosso is a Member of The Australasian Institute of Mining and Metallurgy and has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration, and to the activity he is undertaking, to qualify as Competent Person in terms of the JORC (2012 Edition). The Competent Person, Daniel Grosso has reviewed the Ore Reserve statement and given permission for the publication of this information in the form and context within which it appears.

The information in this report that relates to the Processing and Metallurgy for the Yarrabubba and Gabanintha projects is based on and fairly represents, information and supporting documentation compiled by Mr Brett Morgan a full-time employee of Technology Metals Australia.. Mr Morgan is a Member of The Australasian Institute of Mining and Metallurgy and has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration, and to the activity which he is undertaking, to qualify as a Competent Person in terms of the JORC (2012 Edition). The Competent Person, Brett Morgan consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Pursuant to LR-5-19-1 production target and financial forecast: Refer ASX Release - 21 August 2019 for full details of the DFS: Financial Metrics at long term historical average price of US$8.78/lb V2O5.

Pursuant to LR-5-19-2 production target and financial forecast: The material assumptions as per the ASX release on 21 August 2019 continue to apply and have not materially changed.

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WHY INVEST IN TMT?

World class critical minerals in a Tier 1 jurisdiction

Murchison Technology Metals Project

• Large, long-life high purity vanadium production
• Lowest cost quartile
• Offtake agreements in place
• Environmental approvals nearing completion

Part of the future energy solution

• Downstream vanadium electrolyte strategy
• Potential for high purity product to be used in Australia based Vanadium Electrolyte production

Nationally significant project

• Critical mineral across OECD nations
• Importance recognised by Federal and State Governments

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MURCHISON TECHNOLOGY METALS PROJECT

High-quality,high-grade resource of 79.8Mt at 1.1% V2O5

Targeting +25 year life based on M&I resource of 50.2Mt at 0.9% V2O5

GABANINTHA VANADIUM

• DFS completed
• Large, long-life high purity vanadium project
• Lowest cost quartile at US$4.04/lb V2O5
• Pre-taxNPV8 A$1,320M, IRR 34%1
• Offtake agreements in place with steel and battery industry
• Key permitting and approvals progressing

YARRABUBBA VANADIUM

• High grade V2O5 in magnetite concentrate
• Same geological setting as Gabanintha
• Ability to produce titanium by-product from tails stream
• Potential to materially enhance project economics
• Likely to extend MTMP mine life beyond 25 years

Gabanintha

Project

Yarrabubba

Project

1 - AUD/USD 0.70, US$10.88/lb long term V2O5 price

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CORPORATE OVERVIEW

CAPITAL STRUCTURE

TMT		$21.7M
ASX Code		Cash (as at 31 December 2021)

$83.5M		203.7m
Market Cap (As at 22 March 2022)		Shares on Issue

20.5M		3.65m
Unlisted Options1 (Various exercise)		Performance Rights2

1. Includes 14.35m director and employee options - 3.9m vested, balance vest on project development hurdles
2. 50% vest on MTMP FID, 50% vest on first production

RESOURCE CAPITAL FUND VII L.P. SECURED AS

CORNERSTONE SHAREHOLDER

Holder Name	Holding (%)
Resource Capital Fund VII L.P.	17.7%
BNP Paribas Nominees	7.9%
Great Southern Flour Mills	6.9%
Retzos Group	4.8%
TOTAL TOP 20	56.0%
Board and Management holdings (fully diluted)	7.9%

*Based on issued capital as at 21 March 2022

	$0.50	1.80
	$0.45	1.60
	$0.40	1.40
(A$/share)PriceShare	$0.35	1.20	(m)Volume
	$0.30	1.00
	$0.25
	$0.20	0.80
	$0.15	0.60
	$0.10	0.40
	$0.05	0.20
	$-	-