Investor Presentaiton

HPA - Addressing the Major Risks 1 2 3 ASX: CCM Challenges Technology and Scale-up Will Cadoux's developed high-quality HPA process work efficiently, effectively and economically - especially at scale? Commercialisation Will Cadoux be able to develop and fund the capital required to get the HPA project into production? Market The HPA market is not well understood and is not transparent. ↑ -> ↑ Solutions Cadoux has demonstrated the quality of the project through its extensive R&D and pilot plant studies. Project technology and engineering development has focused on production risk mitigation and includes the small-scale demonstration and production facility (SSP). Cadoux has been focused on the development of the HPA project for some time. This includes addressing the technical challenges of the process as well as determining the funding component of the project. Cadoux has a number of funding options it has been developing to solve the funding requirements. Cadoux has gained considerable insight and comfort in the HPA market since entering the industry. Direct customer outreach has been positive and engaging. Independent product research indicates -19% CAGR and a looming supply demand deficit. The Cadoux (FYI Resources) DFS is a very attractive investment proposition. Cadoux has a well-developed understanding of customer specifications and offtake requirements. * FYI HPA Project DFS April 2021 10

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