#1SUMMIT MINERALS SM LTD DEVELOPING BATTERY MINERAL PROJECTS FOR A DECARBONISED FUTURE INVESTOR PRESENTATION November 2023 A ASX:SUM#2DISCLAIMER & FORWARD LOOKING STATEMENTS SUMMIT UM MINERALS SM LTD This presentation contains summary information about Summit Minerals Ltd (SUM or the Company). Summary of information: This presentation contains general and background information about the Company's activities current as at the date of the presentation, and (i) does not purport to be complete; and (ii) should not be considered comprehensive or to comprise all the information that an investor should consider when making an investment decision. The information is provided in summary form, has not been independently verified, and should not be considered comprehensive or complete. The Company is not responsible for providing updated information and assumes no responsibility to do so. Not financial product advice: This presentation is not a financial product, investment advice or a recommendation to acquire the Company securities and has been prepared w without considering the objectives, financial situation or needs of individuals. Before making an investment decision, prospective investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs, and seek legal, taxation and financial advice appropriate to their jurisdiction and circumstances. The Company is not licensed to provide financial product advice in respect of its securities or any other financial products. Cooling off rights do not apply to the acquisition of the Company securities. The Company assumes that the recipient can make its own independent assessment, w without reliance on this document, of the information and any potential investment and will conduct its own investigation. Disclaimer: The Company and its related bodies corporate and each of their respective directors, agents, officers, employees and advisers expressly disclaim, to the maximum extent permitted by law, all liabilities (how ever caused, including negligence) in respect of, make no representations regarding, and take no responsibility for, any part of this presentation and make no representation or warranty as to the currency, accuracy, reliability or completeness of any information, statements, opinions, conclusions or representations contained in this presentation. This presentation does not constitute, and shall not be relied upon as, a promise, representation, warranty or guarantee as to the past, present or future performance of the Company. Forward looking statements: This presentation may contain certain forward-looking statements and including projections, forecasts and estimates (together forward-looking statements) which may not have been based solely on historical facts, but rather may be based on the Company's current expectations about future events and results. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. How ever, forward looking statements are subject to risks, uncertainties, contingencies, assumptions and other factors, many of which are outside the control of the Company all which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Forward-looking statements are inherently uncertain and may therefore differ materially from results ultimately achieved. SUM does not make any representations and provides no warranties concerning the accuracy of any forward-looking statements or likelihood of achievement or reasonableness of any forward-looking statements. Past performance is not necessarily a guide to future performance. The Company does not undertake any obligation to release publicly any revisions to any forward-looking statement to reflect events or circumstances after the date of this presentation, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities law S. Not an offer: This presentation is for information purposes only. The presentation does not comprise a prospectus, product disclosure statement or other offering documents under Australian law (and will not be lodged with ASIC) or any other law. This presentation also does not constitute or form part of any invitation, offer for sale or subscription or any solicitation for any offer to buy or subscribe for any securities nor shall they or any part of them form the basis of or be relied upon in connection therewith or act as any inducement to enter into any contract or commitment with respect to any securities. No distribution in the US. This presentation is not an offer of securities for sale in the United States. Any securities to be issued by the Company have not been and w ill not be registered under the US Securities Act of 1933, as amended (the US Securities Act) and may not be offered or sold in the United States absent registration or an exemption from registration under the US Securities Act. No public offer of the securities is being made in the United States and the information contained herein does not constitute an offer of securities for sale in the United States. This presentation is not for distribution directly or indirectly in or into the United States or to US persons. Sophisticated and professional investor: By receiving this presentation, you represent and warrant that (i) if you are in Australia, you are a person to whom an offer of securities may be made w without a disclosure document (as defined in the Corporations Act 2001 (Cth) (Corporations Act)) on the basis that you are exempt from the disclosure requirements of Part 6D2 in accordance with Section 708 (8) or 708 (11) of the Corporations Act; or (ii) if you are outside Australia, you are a person to whom an offer and issue of securities can be made outside Australia without registration, lodgement or approval of a formal disclosure document or other filings in accordance with the laws of that foreign jurisdiction. If you are not such a person, you are not entitled to receive this presentation Please return this presentation and any copies and do not provide this presentation to any other person. Monetary values: Unless otherwise stated, all dollar values are in Australian dollars (AUD$). The information in this presentation remains subject to change w without notice. No distribution: Distribution of this presentation may be restricted by law. Persons who come into possession of this presentation should seek advice and observe any such restrictions. Any failure to comply with such restrictions may constitute a violation of applicable securities laws. Confidential: This document contains information that is strictly confidential. You agree not to directly or indirectly disclose to any person or copy, use, publish or record in any form any part of this document. Neither this presentation nor any of its contents may be reproduced or used for any other purpose w without the prior written consent of the Company. Competent person statement: The information in this presentation that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Jonathan King, a Competent Person who is a Member of The Australasian Institute of Geoscientists. Jonathan King is a director of Collective Prosperity Pty Ltd. Jonathan King has sufficient experience that is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken 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. Jonathan King consents to the inclusion in the presentation of the matters based on his information in the forward context in which it appears. 2#3INVESTMENT HIGHLIGHTS Strategic battery mineral projects across multiple battery metals and critical commodities: • Castor Lithium Project - James Bay, Quebec, Canada • Phillips River Lithium Project, Ravensthorpe, WA Stallion REE Project - Ponton River, Western Australia эм SUMMIT SM MINERALS LTD • Ahmed Antimony Project - Central Morocco Lithium supply shortage imminent with increasing demand driven by global electrification of transport and limited new supply Strong newsflow catalysts with exploration programs running across multiple projects Mr Jiahe "Gower" He, recently appointed as CEO, a highly respected and experienced mining executive and a certified CPA with over 20 years' sector experience ☐☐ Share price leveraged to early exploration success 3#4SUMMIT SNAPSHOT About Summit Summit Minerals Ltd (ASX: SUM) is an ASX-listed mineral exploration company driving shareholder value by exploring for highly prospective battery minerals - Lithium, Copper, Rare Earth Elements and Antimony. Lithium Li Lithium 6.941 Antimony 51 Sb Antimony 121.76 Capital Structure ASX Code SUM Rare Earth Elements SUMMIT UM MINERALS SM LTD Copper 29 Cu Copper 63.546 58 57 Ce Cerium 140.12 67 21 La Sc Lanthanum 138.91 Scandium 44.956 63 39 71 Y Yttrium 88.906 Er Ho Eu│|| Lu 66 64 Dy Gd Dysprosium 162.50 69 Gadolinium 157.25 70 Lu Tm Yb Erbium 167.26 Holmium 164.93 Europium 151.96 59 62 61 Lutetium 174.97 Thulium 168.93 Ytterbium 173.05 65 Nd Pr Sm Pm Tb Shares on Issue 47.65m 68 Options 13.90m Share Price (30 Oct '23) $0.092 60 Market Capitalisation (Undiluted) $4.38m Cash (30 September (23) $3.01m Enterprise Value $1.37m Top 20 Shareholders 52.08% Neodymium 144.24 Praseodymium 140.91 Samarium 150.36 Promethium (145) Terbium 158.93 4#5COUNTRIES GLOBALLY SUPPORT CRITICAL COMMODITIES United States - Inflation Reduction Act US$400b committed to reducing climate change including securing supply chains for battery metals¹ 3wh 7kwh ying Canada - Critical Minerals Strategy Increase supply of critical minerals prioritised with 6 commodities including lithium, copper and rare earths for initial strategy4 EU Critical Raw Minerals Act - Decreasing dependency imports for critical minerals including rare earths enabling EU to meet 2030 goals2 Australia - Critical Minerals Strategy A framework to grow the critical minerals sector ensuring Australia is a globally significant producer of critical minerals Japan - National Security Strategy Rare earths included in strategy to reduce Japan's dependence to secure stable supply for critical minerals5 SUMMIT SMMINERALS LTD 1) https://www.energy.gov/lpo/inflation-reduction-act2022#:~:text=The%20Inflation%20Reduction%20Act%20(IRA.putting%20the%20United%20States%20on 2) https://ec.europa.eu/commission/presscorner/detail/en/ip 23 1661 3) https://www.industry.gov.au/publications/critical-minerals-strategy-2023-2030 4) https://www.canada.ca/content/dam/nrcan-rncan/documents/critical-minerals-discussion-paper-eng-2.pdf 5) https://www.cas.go.jp/ip/siryou/221216anzenhoshou/nss-e.pdf LO 5#6HIGH IMPORTANCE TO CLEAN ENERGY TECHNOLOGIES SMD SUMMIT MINERALS LTD Lithium Copper REES Nickel Cobalt Chronium Zinc PGMs Aluminum EVs and Battery Storage Solar PV Wind Hydro CSP Bioenergy Geothermal Nuclear Electricity Networks Hydrogen Relative importance of minerals for a particular clean energy technology: Source: International Energy Agency High Moderate Low 6#73 Li Lithium 6.941 CASTOR LITHIUM PROJECT JAMES BAY, QUEBEC, CANDA Project Highlights ✔ Summit acquired 80% of the Castor Lithium Project in September 2023 SUMMIT SM MINERALS Located in northern Yasinski Lake Greenstone Belt, in James Bay, a world-class lithium-pegmatite district hosting significant projects, including Q2 Metals' (TSX-V: QTWO) Mia Lithium Project - Up to 4.37% Li₂O (1) 228 potential lithium pegmatite outcrops identified via interpretation of Sentinel-2 multispectral imagery - field exploration underway Covers an impressive 33km strike length of the Yasinski Lake Greenstone Belt and hosts several mapped pegmatite occurrences Close to major infrastructure, on the allweather James Bay Rd, 30km from the Grand River Airport and 60km from the town of Radisson ✔ Project vendors include DG Resource Management and Mining entrepreneur Kal Malhi of Bullrun Capital Critical Discoveries have been contracted to provide management and exploration services for the inaugural field program ✔ 2023 exploration program has been fully funded through a heavily oversubscribed $1.5m placement 1. https://www.g2metals.com/news/queensland-announces-sampling-results-averaging-2-65-li20-from-the-mia- li-1-occurrence-at-its-mia-lithium-property-in-quebec-canada/#83 Li Lithium 6.941 CASTOR LITHIUM PROJECT JAMES BAY, QUEBEC, CANDA 5,915,000 mN 5,920,000 MN 5,925,000 MN 5,930,000 MN 5,935,000 mN 5,940,000 mN 325,000 ME 330,000 ME 335,000 mE SMMINERALS LTD Castor Lithium Project 2.5 SUMMIT LEGEND Castor Lithium Project Regional Faults Igneous Regional Folds Metamorphics Greenstone Belt kilometres Pegmatite Occurrences Castor Lithium Project Summit Minerals (ASX:SUM) 340,000 ME 345,000 ME 350,000 mE 355,000 mE 360.000 ME 325,000 mE 330,000 mE 335,000 mE 340,000 mE 345,000 mE 350,000 mE 355,000 mE 360,000 mE 5,915,000 MN 5,920,000 mN 5,925,000 mN 5,930,000 mN 5,935,000 mN 5,940,000 mN 8 SUMMIT SMMINERALS LTD#93 Li Lithium 6.941 CASTOR LITHIUM PROJECT JAMES BAY, QUEBEC, CANDA A Prolific Lithium District • • The Castor Lithium Project is located in the northern portion of the Yasinski Lake Greenstone Belt, also hosting: Q2 Metals' (TSX-V: QTWO) Mia Lithium Project - Up to 4.37% Li₂O(1) Ophir Gold's (TSX-V: OPHR) Radis Lithium Project - Up to 2.33% Li₂O(2) James Bay is emerging as a prolific lithium district with several significant discoveries: • Allkem's (ASX: AKE) James Bay Project - 40.4Mt at 1.4% Li₂O(3) Nemaska Lithium's (TSE: NMX) Whabouchi Deposit - 36.6Mt at 1.3% Li₂O(4) ⚫ Patriot Battery Metals' (ASX: PMT, TSX-V: PMET)- Corvette Property - 109.2Mt at 1.42% Li₂O Maiden Resource (July 2023) Chisasibi SUMMIT UM MINERALS SM LTD JAMES BAY LITHIUM DISTRICT Castor Lithium Project Summit Minerals Corvette Property 1.65% Li,O over 159.7m 109.2 Mt at 1.42% Li₂O Patriot Battery Metals (TSXV:PMET) La Grande 4 Radisson La Grande 1 Wemindji Ceiling Lithium Project Rubix Resources (ASX:RB6) Eastmain James Bay Lithium Project 40.4Mt at 1.4% Li,O Allkem Ltd (ASX:AKE) QUEBEC (ASX:SUM) La Grande La Grande 1 Mirage Outfitters Radis Lithium Project Rock chips up to 2.33% Li₂O Ophir Gold Corp (TSXV:OPHR) Market Cap A$46m Cancet Lithium Project 15-25Mt target at 1-2% Li₂O Winsome Resources (ASX:WRI) Adina Lithium Project 1.34% Li,O over 107.6m Winsome Resources (ASX:WRI) Mia Lithium Property Rock Chips up to 4.37% Li,O Q2 Metals (TSXV:QTWO) Market Cap $A66m Express Lithium Recharge Metals (ASX:REC) Market Cap A$37m Rose Lithium Project 34.2Mt at 0.9% Li₂O Critical Elements Lithium (TSXV:CRE) Pontax Lithium Project 23.4m at 1.4% Li₂O Cygnus Metals (ASX:CY5) Whabouchi Lithium Project 55.7Mt at 1.4% Li₂O Nemaska Lithium (TSE:NMX) SM SUMMIT MINERALS Lithium Project LEGEND Advanced Early Stage Castor Lithium Project Sirmac Moblan Lithium Project 10.7Mt at 1.4% Li₂O Sayona Mining (ASX:SYA) Road 1. https://www.g2metals.com/news/queensland-announces-sampling-results-averaging-2-65-li20-from-the-mia- li-1-occurrence-at-its-mia-lithium-property-in-quebec-canada/ 2. https://www.ophirgoldcorp.com/files/uad/a3d4ld 55d0679541e2464cab34d595789218ed.pdf 3. James Bay Lithium Project Feasibility Study & Maiden Ore Reserve ASX / TSX RELEASE - 21 December 2021 4. Nemaska Lithium Inc, N143-101 Technical Report Aug 2019 9#10NORTH AMERICAN LITHIUM SUPPLY CHAIN KOREPOWER Announced the first lithium-ion battery manufacturing facility wholly owned by a U.S. company to built in Maricopa (Arizona). StoreDot Recently announced an R&D center to accelerate the market introduction of solid-state batteries (exact location to be determined). QuantumScape Solid Power Since 2019 it has a pilot production line for solid electrolyte batteries that aims to scale up to a gigafactory by 2023. Working on the development of its first pilot line in San Jose (California) with the objective of scaling it up 2024. BRITISHVOLT POWER ON Planned a 60 Gwh capacity plant in Quebec, Canada. STELLANTIS LG Energy Solution Announced a battery plant of about 40 GWh in Ontario, with production to start in early 2024 LG Chem It has a 5 GWh capacity plant in Holland, Michigan. LION ELECTRIC Announced in March 2021 its intention to open in Quebec in 2023 a plant with 5 GWh capacity STROMVSLT Announced a battery cell factory in Quebec; aims to produce 10 GWh by 2030 Sila It has launched a pilot line in 2021, which it expects to scale up in 3 years SUMMIT UM MINERALS SM LTD Operational Plant Project in Progress Operational Pilot Line Or In Progress >SES Announced in March 2021 its agreement with General Motors to develop a pilot line starting in 2023 in Woburn (Massachusetts) gm ¡M3NY Aims to develop a plant by 2022 with a capacity of 1 GWh (expandable to more than 15 GWh) LG Chem This joint venture plans to open a plant in Lordstown (Ohio, with 30-35 GWh) in 2022 and in Spring Hill (Tennessee) in 2023 (with similar capacity) TOYOTA Ford Announced in August 2023 A C$1.2 billion (US$887 million) plant to produce electric EVS. battery materials northvolt Sweden's Northvolt to build $5.2 billion battery factory in Canada. STELLANTIS SAMSUNG Announced that they will form a Joint Vecture to operate, starting in 2025, a gigafactory of about 40 GWh. TESLA Two operational plants (Nevada with =35 GWh and Buffalo dedicated to solar cells of =2 GWh). It expects to open its new gigafactory in Austin (Texas) with up to 100 GWh by the end of 2021 and has a pilot line in Fremont (California) microvast 2 GWh plant in Clarksville, Tennessee (2022) SK innovation Ford Development of the "Blue Oval City" project in Kentuncky with two gigafactories and a third one in Staton (Tennessee), each one with a capacity of 43 GWh ENVISION AESC Announced a new battery plant in Alabama to produce the lithium-ion packs for electric SUV's safT 1GWh plant in Jacksonville, Florida SK innovation Announced a new battery plant in North Carolina to start operations in 2025 It is building two plants in Georgia planned for 2021 and 2023, with initial capacities of =10 and 12 Gwh respectively (with the potential to increase beyond 25 GWh) FREYR KIKOCH They have announce a joint venture (50%) each) to strat building a gigafactory in the USA (the final location has not yet been determined) 10#113 Li Lithium 6.941 PHILLIPS RIVER LITHUIM PROJECT RAVENSTHORPE, WA Project Highlights ✔ Strategically located -2.5km East of Bulletin Resources' (ASX:BNR) Phillips River South project with numerous rock chip results exceeding exceeding 2% Li₂O(1,2) High-resolution aeromagnetic survey completed in early 2023 Progressing towards auger and RAB drilling on for the 1H 2024 1- https://www.bulletinresources.com/wp-content/uploads/2023/10/BNR SouthwestConnect FINAL.pdf 2- BNR announcement dated 4 October 2023, "EPA's Greenlight Allows Bulletin's Drilling Applications to Proceed" Project Location Porth -6,270,000 mN SUMMIT SMMINERALS LTD 770,000 ME 780,000 mE Phillips River Lithium Project 6,260,000 mN Mt Cattlin 6,280,000 mN Phillips South Recent BNR Discovery LEGEND SM SUMMIT MINERALS Phillips River Project E74) E 74/689 Summit Tenement Proposed Auger Sample Mine MINERAL OCCURRENCE Gold ○ Industrial Pegmatite Minerals Copper Lead - Zinc Dimension Stone Tin-Tantalun - Li MINERAL OCCURRENCE Proterozoic Mafic Instrusive Maydon Basalt Chester Formation Mount Barren Group Annabelle Volcanics Manyutup Tonalite South West Terrane Greenstones Bandalup Ultramafics Northern Foreland Metagranitic YILGARN CRATON GRANITES 770,000 ME 2005 11#1266 Dy STALLION RARE EARTHS (REE) PROJECT PONTON RIVER, WA Dysprosium 162.50 SM SUMMIT MINERALS Project Highlights ✔ Phase 2 exploration drilling completed at Stallion REE Project comprising 14 RC holes for 820m of infill and extension drilling Historic assays confirm up to 2,666ppm PREO (Partial Rare Earth Oxides - CeO2, La2O3, SC2O3, Y2O3), only accounting for 4 of the 17 rare earth elements, with samples previously not assayed for the other 13 REES ✓ The Company anticipates completing a maiden mineral resource estimate upon receiving the metallurgical test results and identifying the host to the rare earth minerals ✔ Planning is underway for another extension and infill drilling phase Potential for a maiden interim resource to be announced prior to the next phase of drilling Historic uranium resource 12#1366 Dy Dysprosium 162.50 STALLION RARE EARTHS (REE) PROJECT PHASE 1 DRILLING Exceptional Drill Results 514,000 ME 515,000 mE 516,000 ME • Best intercepts from the Phase 1 Drilling include: - 6,659,000 mN • • • STRC014: 23m @ 2,162.45 ppm TREO from 24m STRC012: 15m @ 3,088.84 ppm TREO from 39m STRC011: 17m @ 3,783.4 ppm TREO from 61m inc. Im @ 1.52% TREO from 73m • Outlined a broad, relatively shallow mineralised zone that measures 2km x 2.5km, with a thickness averaging 18m and grade averaging ~1,750ppm TREO ⚫ Critical permanent magnet metals, neodymium (Nd) and praseodymium (Pr), or NdPr, averages 23.63% - substantially above the industry average of -16% ⚫ The mineralised zone is open in all directions, and only the lack of drilling limits its scale E 28/3241 Map Area E 28/2999 STRC001:48m 9m at 555ppm TREO -6,658,000 MN STRC012: 54m 15m at 3,089ppm TREO STRC013: 48m 15m at 736ppm TREO STRC014: 52m 28m at 2,162ppm TREO (Incl. 13m at 3,477ppm TREO) -6,657,000 mN 514,000 mE I STRC002: 60m 2m at 1,096ppm TREO STRC011:78m 17m at 3,783ppm TREO STRC004: 48m 22m at 953ppm TREO (Incl. 18m at 1,088ppm TREO) 515,000 ME SUMMIT SMMINERALS LTD 517,000 ME E 28/3241 518,000 ME E 28/2999 STRC010:18m STRC009: 34m STRC008:27m STRC007:46m See Schematic Cross Section 10,400mN STRC005: 60m 3m at 1,030ppm TREO STRC006:108m 17m at 1,090ppm TREO Porth 6,659,000 mN- Project Location 6,658,000 mN- 6,657,000 mN- STRC003: 60m 28m at 881ppm TREO (Incl. 8m at 1,030ppm TREO) SM SUMMIT MINERALS LEGEND Stallion REE PROJECT 500 metre Summit Tenement Phase 1 Drill Holes ● Phase 2 Drill Holes ● Historic Drillholes 516,000 ME 517,000 ME I I 518,000 ME 13#1466 Dy Dysprosium 162.50 STALLION RARE EARTHS (REE) PROJECT PHASE 2 DRILLING Building on Phase 1 Results I 514,000 ME 515,000 ME 516,000 ME • Best intercepts from the Phase 2 Drilling include: • STR023: 9m at 1664.12 ppm TREO from 58m · STRC017: 34m at 1021.8 ppm TREO from 37m STRC019: 31m at 1298.37 ppm TREO from 63m Future Work • · Maiden Mineral Resource Estimate expected for Stallion upon receiving the balance of the results • Planning underway for another extension and • infill drilling phase to be conducted AMSUL (pH ~ 4) leach unsuccessful, moving to stronger digestions (H2SO4, HCI) - 6,659,000 MN E 28/3241 Map Area E 28/2999 STRC020 from 29m 7m at 832ppm TREO -6,658,000 mN STRCO17-from 37m 34m at 1022ppm TREO STRC016 from 30m 12m at 1292ppm TREO STRC015 from 20m 14m at 610ppm TREO -6,657,000 MN STRC026 From 27m 14m at 954ppm TREO STRC021 from 48m 3m at 547ppm TREO Abandoned STRC027 From 48m 2m at 692ppm TREO STRC028 From 39m 5m at 1362ppm TREO 514,000 mE 515,000 ME I STRC019 from 54m 3m at 635ppm TREO and from 63m 31m at 1298ppm TREO STRC018 from 34m 16m at 953ppm TREO See Schematic Cross Section 10,400mN STRC023: From 58m 9m at 1664ppm TREO STRC024: From 53m 4m at 892ppm TREO STRC025 From 27m 3m at 1163ppm TREO SUMMIT SMMINERALS LTD 517,000 ME E 28/3241 E 28/2999 518,000 ME Perth 6,659,000 mN- Project Location 6,658,000 mN- 6,657,000 mN- SM SUMMIT MINERALS Stallion REE PROJECT 500 metre LEGEND Summit Tenement Phase 1 Drill Holes Phase 2 Drill Holes Historic Drillholes 516,000 ME T 517,000 ME 518,000 ME 14#15STALLION RARE EARTHS (REE) SETTING 40% Key REE Groupings – Stallion 35% 1.32% 30% 12.01% 25% 23.63% 63.04% 20% 15% 10% CeLa NdPr DyTb Other 5% 0% SUM Producer ■Developer g Average 16% HAS.ASX ARU.ASX VML.ASX LYC.ASX Serra Verde India RE India RE PM8.ASX TINS.IDX TINS.IDX REEME REEMF.TSX Rwenzori 111.CH GMATSXV MKA.TSXV Steenkampskrall MDL.TSXV MDL.TSXV CCE.TSXV PEK.ASX PER.ASA GGG.ASX Three Arc LL.TSXV LL.ISAV FRO.TSX FRO.ISA MP.NYSE AVL.TSX AVL.ISX CBMM CDMM AMR AMIK HUS.TSX YSI'SOU RBW.LSE RBW.LSE 259.CH IFOS.TSXV MONZ.RM MGNZ.RM ALK.ASX פרויעסע SARECO SARECO UCU.TSXV NEO.TSX NEO.ISX Tanbreez Tanbreez Lavreco Lavreco Tomaat Tomgat MON.TSXV HRE.TSXV LEM.TSXV AKRN.LSE TMRC.NOO NTU.A SUMMIT SM UM MINERALS LTD 15 (% NdPr)#1651 29 Sb Cu AHMED ANTIMONY PROJECT Antimony 121.76 Copper 63.546 MOROCCO SMLTD SUMMIT MINERALS Project Highlights ✔ 6 exploration licenses covering 79km² in central Morocco ✔ Recent results include 61.9%, 44.5%, and 39.4% Sb from rock chip samples, confirming prospectivity and providing immediate drill targets Geological mapping & rock chip sampling completed, identifying antimony and copper-bearing rocks • Stream sediment geochemistry outlined anomalous gallium (Ga), with values up to 5.56ppm, extending over 5 km length Results from stream sediment survey are being assessed Outcropping massive stibnite mineralisation was highlighted by the Company during due diligence ✓ The project contains several historical and recent artisanal mine workings ✔ Drill ready with permitted under-exploration licenses - to target antimony mineralisation associated with a regional fault Year-round access to the project via sealed and unsealed road Morocco ranked #1 for mining investment in Africa and 8th best globally (only African country in the top 10) - 2021 Fraser Institute Survey Moroccan Government created a 2016 modern mining regulatory framework to take the jurisdiction closer to global best practices and triple the mining sector turnover by 2025 to $1.5B 16#1751 29 Sb Cu Antimony 121.76 Copper 63.546 AHMED ANTIMONY PROJECT MOROCCO AHMED ANTIMONY PROJECT -3,680,000 mN MOROCCO Kilometres 3.660.000 mN 740.000 mE 760,000 mE SU-22 1010 MOROCCO 740.000 mE 3.700.000 mN Legend SM 3,680,000 N SUMMIT MINERALS Ahmed Antimony Project Summit Tenement Bidding Tenement Summit Rock Chips Historical Workings Major Roads Rivers Geology Faults Cretaceous Antimony Rock Chips Up to 61.9% Sb Limestones-Sandstone - Red Clays Permo - Triassic Argillites - Conglomerates - Evaporites Carboniferous Granite Conglomerates Lacustrine Argillites Schists - Greywackes - Quartzites Ordovician - Silurian Schists-Argilites- Quartzites Ordovician Schists- Argillites - Quartzites Cambrian Ordovician Schists Quartzites Ahmed Project - Research licenses on geology -9° SUMMIT SM MINERALS LTD -3° Ceuta Melilla 36° Ahmed Antimony Project Ksar El Kebir Ouezzane Oujda 100 Kilometres Kenitra Taza RABAT Meknes Casablanca● El Jadida 33° Settat ATLANTIC OCEAN Khouribga Safi Agadir -30° Tan Tan Tiznit Er Rachidia Marrakesh MOROCCO Goulimine WESTERN SAHARA -9° -6° SM ISUMMIT MINERALS Ahmed Antimony Project Regional Map LEGEND Summit Project City MINERAL DEPOSIT ● Antimony ○ Cobalt ALGERIA ● Copper ● Gold ● Lead ○ Silver Tin Ahmed Project - Project Location Map -3° L 33°- 17#1851 29 Sb Cu AHMED ANTIMONY PROJECT MOROCCO SM SUMMIT UM MINERALS LTD Antimony 121.76 Copper 63.546 Outcropping gossan featuring malachite and azurite Intrusive syenite plug 18#19BOARD & MANAGEMENT Peretz Schapiro - Non-Executive Chairman • Highly respected and experienced mining executive and a certified CPA with over 20 years' Sector experience. . Masters degree in Applied Finance and strong global investor network • SUMMIT SM MINERALS LTD . • Understands the fundamental parameters, strategic drivers, market requirements and what it takes for a high-growth business. Diverse professional background, with deep experience in resource exploration, management consulting, marketing, fundraising and corporate finance. Chairman of ASX-listed Loyal Lithium Ltd (ASX:LLI). Mr Jiahe "Gower" He - Chief Executive Officer • • • • Highly respected and experienced mining executive and a certified CPA with over 20 years' sector experience. Held various senior positions at Mitsui & Co (Australia) for over 16 years, overseeing Mitsui's strategic trade and investment activities across a variety of commodities. Former Executive Director of Delta Lithium (ASX: DLI) and saw the transformation of the company from a junior gold explorer to a recognised Australian Lithium player. Prior to joining Summit, he was CEO of Equinox Resources (ASX:EQN) and expanded his exposure to the EV industry in Canada. Stephen Ross - Non-Executive Director • Geologist, independent consultant and public company director involved in the international minerals industry positions for 30 years. Sourced significant investments for junior explorers and pre-development resource companies worldwide while holding managing director and technical positions when based in Central Asia, West Africa and Sri Lanka. Member of the Australasian Institute of Mining and Metallurgy and is a Fellow of the Financial Services Institute of Australasia. Currently a director of East Energy Resources Limited and Pinnacle Minerals (ASX:PIM). Bishoy Habib - Non-Executive Director • • . Mr Habib holds a Bachelor's in Applied Science (Software Eng) and has been a global investor for more than a decade, with a focus in the resources sector. A qualified and experienced leader, with over 15 years' project delivery and management experience in large multinational organisations. Holds a strong understanding of the resources sector, with access to a wide-reaching network and project delivery expertise across Africa, Middle East, Europe and South America. Jonathan King - Exploration Manager Geologist/geochemist, independent consultant and public company director that has been involved primarily in the international search for economic mineral deposits in technical, and corporate positions for 30 years. Has led several major mapping, technical evaluation and geochemistry reinterpretation projects for greenfields and near-mine target generation and exploration programs in Korea, Fiji, Colombia, Mexico, Peru, Brazil, China, Africa, Indonesia, USA, and Australia. • Member of the Australasian Institute of Geoscientists. 19#20FOR FURTHER INFORMATION SM SUMMIT MINERALS JMM JANE MORGAN MANAGEMENT Gower He Chief Executive Officer [email protected] +61 8 9426 0666 Chloe Hayes Investor & Media Relations [email protected] +61 458 619 317 20#21APPENDIX ANTIMONY - A DISRUPTIVE BATTERY METAL The Anode of the Future · 51 Sb Antimony 121.76 · • · Antimony is a a liquid metal battery that can be used as the cathode in batteries SUMMIT SM MINERALS LTD Affordable grid-scale storage systems for solar and wind - can rebalance unbalanced passive energy systems Less than one-third the cost of the lithium, nickel, manganese and cobalt in the most common lithium-ion cells Not temperature sensitive, over-charge and over-discharge tolerant, no cooling or fire suppression required and safe. Minimal memory fade + minimal deleterious elements + no moving parts = minimal battery degradation = no augmentation = long-battery life (20+ years) Ambri Antimony Batteries • • . • Ambri Inc., an MIT-spinoff long-duration is a highly innovative battery energy storage system company Ambri batteries use a solid Antimony cathode, a molten salt electrolyte and liquid calcium alloy anode Secured US$144 million (AU$195 million) in funding to advance calcium-antimony liquid metal battery chemistry Notable Ambri investors include Bill Gates 21