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Investor Presentaiton

MERDEKA COPPER GOLD AIM Project AIM is a significant growth opportunity for Merdeka and is well positioned to benefit from the growth in acid demand expected as additional HPAL plants are constructed at IMIP and across Indonesia Wetar AIM Raw Material High-grade pyrite (FeS2) feedstock from Wetar sufficient to supply AIM for 15+ years $ AIM Products Buyers Transported 700km via sea to IMIP MERDEKA BATTERY (80%) 青山控皎 TSINGSHAN (20%) MATERIALS Step One Crush/Grind/ Flotation Pyrite Concentrate Step Two Roast and Acid Plant Step Three Chloridising Roast Step Four Metal Extraction Calcine Residue Residue Sulphuric Acid & Steam HPAL JV Stainless Iron Ore Pellets Copper, Gold & Silver On Market Sales Steel JV Other Tsingshan JVs at IMIP 3rd Party Buyers Construction activities continuing and is on track to deliver first acid production in 2H 2023 16
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