Quarterly Report

Highlights:

Change of Company Name to Altech Batteries Limited

• Resolution was approved by shareholders at the General Meeting held on 21 February 2023
• Resolution received overwhelming support, with 99.72% of the votes received being in favour of the change
• New name reflects Altech’s vision to meet a battery storage future as the world transitions to the electrification of energy solutions
• New name is consistent with the business and market segments of all three of Altech’s projects
• New name will allow for marketing of Altech’s future products in a more beneficial manner
• Altech will retain the current ASX ticker, “ATC”

Launch of CERENERGY 1.0 MWh GridPack Design for Renewable Energy Storage Market

• Launch of 1.0 megawatt-hour (MWh) GridPack design
• Non-Lithium Battery – Sodium Alumina Solid State
• Rated at 600 Volts DC and 100 Ah
• Specially designed for renewable energy and grid storage market
• Able to be safely installed outdoors in any weather conditions
• Sea container design, easy transportation by sea or road
• “Plug and play” site installation
• GridPacks are modular and stackable which reduces battery footprint
• Noiseless operation – ideal for noise-sensitive environments
• Low maintenance costs over battery life

Update of CERENERGY Battery Project

• Outstanding progress and advancement of the project Definitive Feasibility Study
• Expert Workshops held in Germany in October and December 2022
• Design basis for 100MWh battery plant were finalised
• All major equipment suppliers selected
• Potential early-stage off-take discussions
• Exploring various grant schemes and initial contact with EU banks

Great Progress at German Silumina Anodes Pilot Plant

• Significant progress and according to plan
• Front end wet circuit complete
• Commissioning underway of wet circuit
• On site laboratory completed and being commissioned
• Long lead calciner still outstanding from South Africa
• Expect to commission calcining end of Q3

Silumina Anodes Project Update

• DFS work progressing well on full-scale 10,000tpa plant