Investor Presentaiton

MILLION METRIC TONS 16 14 12 10 Co 8 6 2 Lithium Demand Surging METALS DEMAND FROM LITHIUM-ION BATTERIES 0 2020 2021 2022e 2023e 2024e 2025e 2026e 2027e 2028e 2029e 2030e YEAR 2021 vs 2030 Copper 5.5x Aluminum 5.7x Phosphorus 6.6x Iron 6.6x Manganese 9.3x Graphite 4.0x Nickel 5.2x Cobalt 1.5x Lithium 5.3x Source: BloombergNEF. Note: Metals demand occurs at mine mouth, one-year before battery demand. All metals expressed in metric tons of contained metal, except lithium, which is in lithium carbonate equivalent (LCE). Lithium is a key raw material for batteries, with price projected to rapidly increase in the coming years www.metalsgrove.com.au Page 16 MetalsGrove

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