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Investor Presentaiton

HPA Project - Outstanding Investment Metrics NPV Summary (post tax) US$6,661 HPA CASH COST 55% 25 YEARS US$202m $ PER TONNE $ 25 PROJECT IRR DCF PROJECT FORECAST US$186m 3.2 YEARS 25 YEAR AVG ANNUAL EBITDA PROJECT PAYBACK US$1,014m AFTER-TAX NPV (@8%) CAPEX ESTIMATE $ US$131m $ + $ NET CASH FLOW PER ANNUM 10,000 TPA HPA PRODUCTION | US$26,400/-T HPA SALES PRICE | 15% PRODUCT IS 5N FYI HPA DFS released on ASX (8 April 2021) - 100% basis ASX: CCM 8

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