Investor Presentaiton

AURIZON. 2021 INVESTOR DAY Bulk market Demand growth for bulk commodities will be led by the transition to clean energy technologies and rising food consumption Australia supply growth forecast (CAGR 2020-2026) Selected commodities¹ 20% Australian exploration expenditure Selected base metals² A$800m Mt 15% 10% 16.1% 5% 0% -5% Lithium A$600m A$400m 5.4% A$200m 3.5% 3.5% 1.1% Nickel Zinc Iron ore Copper IEA: Mineral demand from clean energy technologies³ 30 20 20 10 2040 2010 2020 2030 2040 IEA: Stated Policies 2030 IEA: Sustainable Development Electricity networks EVs and battery storage Other low-carbon power generation Wind Solar PV A$0m 2016 2017 2018 2019 2020 Food consumption: Calorie consumption per capita4-5 Food supply (Kcal/capita/day) 4,000 3,500 Vietnam China 3,000 ● Thailand 2,500 India Japan ● Germany United States Australia 2,000 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 GDP per capita (PPP) 1. Office of the Chief Economist - Research and Energy Quarterly (March 2021) 2. Australian Bureau of Statistics (March 2021 dataset), Selected base metals includes: copper, silver, lead, zinc, nickel and cobalt. 3. International Energy Agency (IEA) - The role of critical minerals in clean energy transition. Key minerals included: cobalt, copper, lithium, nickel and rare earth elements 4. GDP (Purchasing Power Parity; international dollars): International Monetary Fund (2019 data), Population: International Monetary Fund (2019 data) 5. Food Supply: Food & Agriculture Organisation of the United Nations (kcal/capita/day, 2018 data) 13

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