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Investor Presentaiton

NAC NICKEL ASIA CORP. INVESTMENT INTO RENEWABLE ENERGY1 The Philippine energy sector's shift to renewable sources provides a favorable market for us to grow our renewable energy capacity and is in line with our corporate culture of sustainability. Our dual growth strategy in mining and clean energy will support both our double-digit income growth goals and ESG thrust, and diversify cash flow from operations EPI SOLAR POWER ASSETS GEOTHERMAL 52% EPI, 38% NAC Jobin SQM, Inc. (JSI) Subic Bay Freeport Zone 50-year (+25) lease for 800 hectares. 25-year Service Contracts 230kv line can accommodate 200 MW+ 172 MW by Dec 2023; 200 MW by 2025 Of existing 100 MW, 68 MW was built below budget and on time despite pandemic-related restrictions Mindoro Geothermal Power Corp. (MGPC) 100% EPI Naujan, Oriental Mindoro 25-year Service Contract 2 MW by 2024; up to 20 MW by 2027 86.29% NAC-OWNED POWER ASSETS Biliran Geothermal Inc. (BGI) 45% EPI, 15% CMC (NAC subsidiary) Caibiran, Biliran Province 25-year Service Contract 23 Source: Company filings. Notes: (1) NAC standalone renewable plans prior to EPI and Shell Joint Venture partnership for development of renewable energy. Pilot 2 MW by 2023; success may lead to development of up 50 MW by 2027 to Site has P50 resources assessment of at lest 255 MW, making it the only remaining undeveloped large-scale geothermal field in the country
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