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Investor Presentaiton

MERDEKA COPPER GOLD HPAL Development Plan MBM will develop multiple HPAL processing plants in partnership with leading battery material companies JV with CATL JV with GEM MERDEKA BATTERY CATL MATERIALS 60ktpa End 2025 55% Nameplate Capacity (Ni MHP) Target First Production 66% MBMA Ownership Capacity MERDEKA BATTERY GEM MATERIALS MBMA Ownership 30ktpa Nameplate Capacity (Ni MHP) End 2024 Target First Production 30ktpa with option to participate in potential expansion of an additional 20ktpa 60ktpa Capacity Ore Supply • MBM Ore Supply • MBM • CATL: project financing, design and construction Responsibilities • • ENFI: design and engineering MBM permitting, incentives and local community relations · Low capex Capex • Cost overrun protection Location • IKIP Responsibilities • GEM: design, construction, and plant operation • MBM: permitting, incentives and project financing • Low capex (brownfield) Capex Location • Cost overrun protection IMIP 18
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