Investor Presentation – NiWest Project

Highlights:

• An advanced asset of scale in a first-class mining region
  • Mine life of +25 years
  • High-grade Resource on granted Mining Leases
• Ore properties deliver a competitive advantage to nickel laterite peers
  • Heap leach processing confirmed by extensive metallurgical testwork
  • Delivers a significant reduction in up-front capital relative to HPAL
• Stellantis partnership transforms project development potential
  • Highest quality offtake partner
  • Cornerstone equity investment and Alliance Board representation
• NiWest DFS on track for completion by the end of 2023
  • Leveraging existing regional power, water, road and rail infrastructure
  • Targeting the start of construction in 2024