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Investor Presentaiton

MERDEKA COPPER GOLD Established Partnerships with Global EV Battery Leaders Merdeka Battery Materials has strong strategic cooperation with CATL, Tsingshan and Huayou Cobalt, who are all major global players in the EV battery value chain • 青山控股 One of the world's largest nickel and stainless-steel producers • TSINGSHAN • Centralised management provides operating efficiency, cost competitiveness and scale benefits CATL World's no.1 EV battery maker with 37% market share in 2022 11,248 JV Partner with MBM on 3 RKEFS, AIM, IKIP and an offtaker for saprolite ore from SCM • Best-in-class nickel business operations provides globally competitive cost position and capital intensity advantage 7,192 ■C1 Cash 36% less than RoW Average² Cost $t/Ni Strategic shareholder of Merdeka • • 5% strategic shareholder of Merdeka Copper Gold and MOU to cooperate on battery metals supply chain in Indonesia Strong relationships with global OEMs which MBM will benefit from CATL's Select Key OEM Customers TESLA T gm DAIMLER TOYOTA Mercedes-Benz B w 华友钴业 One HUAYOU COBALT Strategic shareholder in MBM, limonite offtaker for SCM HYUNDAI RENAULT ROW Average Tsingshan of China's major Nickel-Cobalt-Manganese cathode suppliers with a strategic shareholding in MBM Currently constructing a slurry pipeline (along the haul road) to transport limonite to their HPAL plant at IMIP SULAWESI TENGAH Haul & Pre Future partnerships Opportunity to establish additional partnerships over time • The quality of MBM's existing strategic partners is a testament to its clear strategic significance in the EV battery value chain • Haul road may also yield partnerships by connecting other mining concessions to IMIP Huayou is constructing a slurry pipeline parallel to the haul road to transport limonite to its processing plant at IMIP Source: S&P Global Market Intelligence, CRU, Macquarie Nickel Outlook H SCM IUP & Planned IKIP Site SULAWESI TENGGARA 27
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