ersonal use only

INVESTOR PRESENTATION

INVESTMENT IN EMERGING MA JOR GRAPHITE PRODUCER / HIGH IMPACT GOLD-COPPER-NICKEL EXPLORATION

6 June 2022

INVESTMENT HIGHLIGHTS

only

INVESTMENT

use

GRAPHITE

DISCOVERY

ersonal

GOLD-COPPER

DISCOVERY

COPPER-NICKEL

* ASX NSM 11 May 2021, Stawell Gold Mines Pty Ltd

MOZAMBIQUE GRAPHITE - PENDING SALE TO HIGH MARGIN PRODUCER

  • AUD$12.5m in cash and shares in Tirupati Graphite (TGR.LSE) (ASX BAT 17 August 2021)
  • Due to complete, pending government approval
  • Provides exposure to graphite market, technology company and liquid investment
  • Tirupati high margin (USD$412/t) / increasing production / cashflow - 30,000tpa Q2 2022 to 84,000tpa 2024 (ASX BAT 14 October 2021)

STAVELY-STAWELL PROJECT

  • Priority high grade gold target at Coxs Find, 10km from Stawell Gold Mine*, 430g/t Au rockchips (ASX BAT 2 May 2022)
  • Stawell Gold Mine (>5MOz, 600koz of new resources discovered last 2.5years*)
  • Multiple bedrock gold targets being defined within Stawell Gold Corridor
  • Copper targets within Dryden Belt / Stavely Volcanic Complex, host to emerging discovery at Thursdays Gossan (SVY.ASX)

RUSSELLS PROJECT

  • VTEM conductors / anomalous surface geochem, up to 29.9% Cu rockchips (ASX BAT 22 June 2021)
  • High impact drilling targeting recently identified strong EM conductors/geochem anomalism, planned July-August

BUSINESS DEVELOPMENT M & A

  • Targeted / Incremental / Value Accretive acquisitions under review

2

SUMMARY

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INVESTMENT HIGHLIGHTS

1.

2.

AGREEMENT TO DIVEST MOZAMBIQUE ASSETS -

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TIRUPATI GRAPHITE (TGR.LSE)

3.

STAVELY-STAWELL PROJECT (Cu-Au)

ersonal

RUSSELLS PROJECT (Cu-Ni-Co-PGE)

4.

5.

HIGH IMPACT NEWSFLOW

TGE.LSE FY21 Accounts 24 August 2021

1.

ASX BAT 17 August 2021 / LSE share price of GBP0.62 and 0.56 AUD:GBP exchange rate (2June2022)

2.

ASX BAT 1 June 2021

3.

ASX BAT 25 March 2022

CAPITAL STRUCTURE

Shares on Issue (ASX Code: BAT)

2,647M

Board and Management

>5% fully diluted

Share price (as at 2 June 2022)

0.8cps

Market Capitalisation

$21.1M

Cash at bank (as at 31 March 2022)

$2.6M

Additional Cash/Liquidity

Tirupati (cash & shares)1

$7.8m

VAT refund1

$1.5m

Vic/WA govt. grant2

$0.63m

Gabon Divestment3

$0.25m

Enterprise Value (completion of Tirupati agreement)

~$8m

Top 20 Shareholders

44.3%

Listed Options (ASX Code: BATO 10 cents exercise price, expire 23/7/23)

274.5M

Option price (ASX Code BATO) (as at 2 June 2022)

0.1 cps

3

TIRUPATI GRAPHITE1

BAT BECOMING MAJOR SHAREHOLDER

STRONG GROWTH

• TGR.LSE expanding production (12,000tpa to 30,000tpa

in Q2 2022 to 84,000tpa in 2024)

only

HIGH MARGIN PRODUCER

• Cash margin of US$412/t presents an increasingly

use

ignificant cashflow business

DOWNSTREAM PROCESSING CAPABILITY / OFFTAKES IN

ersonal

PLACE

•

Offtake with 1st tier advanced electronics companies

and vehicle manufacturers in Europe, Japan, US,

Taiwan and South Korea

1. TGE.LSE Trading Results & Update on 31 March 21 Accounts 24 August 2021

Tirupati Graphite Operations

FY 20/21 TPG Key results

USD

Average Flake Production Cost

$389/t

Average Flake Price achieved

$801/t

Average operating margin

$412/t

Flake Production Expansion underway

Sahamamy +

30,000tpa in Q2 2022

Vatomina Flake

84,000tpa in 2024

Flake Production > 50% operating

margins 12,000tpa current production

Sahamamy Flake

3,000tpa current

Vatomina Flake

9,000tpa current

Downstream Processing Capability

99.995% TGC Purification

1,200tpa

Graphene Production

10kg/day

https://tirupatigraphite.co.uk

STAVELY-STAWELL PROJECT

TWO DISCOVERY FAIRWAYS

only

STAWELL GOLD CORRIDOR - Au

>5MOz Stawell Gold Mine*

use

STAVELY-DRYDEN BELT - Cu, Au

Emerging discoveries, Thursdays Gossan (SVY.ASX)

• 60 km strike of Stawell Gold Corridor

ersonal

•

40 km strike of Mt Stavely Volcanic Complex

• Last sustained exploration effort early 1990s (Gold @ A$400/oz)

• Stawell Gold Mine (>5MOz, 600koz of new resources discovered last 2.5years*)

STAVELY-

DRYDEN

BELT

Anomalous

Gold Trend

Moyston Historical Mine

Morning Bill ( VHMS )

Toora West Prospect

Thursdays Gossan Copper Deposit Junction Copper Prospect

Fairview Gold Prospect

Wickliffe Base Metal Prospect

STAWELL GOLD

CORRIDOR

EL 6871

Stawell Mine

5Moz Production

Irvine Gold Prospect

Mt Ararat ( VHMS )

Langi Logan Gold Prospect

* ASX NSM 11 May 2021

5

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Battery Minerals Ltd. published this content on 05 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 June 2022 00:01:00 UTC.