Investor Presentaiton

MERDEKA COPPER GOLD Nickel Matte Overview HNMI produces a high-grade nickel matte product enabling MBM to capture the additional margin to NPI Overview Processing Facility MERDEKA BATTERY MATERIALS 11° 青山控股 TSINGSHAN LGNM Facility 60% 50-60ktpa 2022 20% MBM Ownership Avg. Production Achieved Commercial (Ni matte) Production Product Feedstock Avg. Recovery Rate Production Opex . High-grade nickel matte containing ~70% nickel Low-grade nickel matte containing ~20% nickel 95% 2024 guidance: 50,000 - 55,000 tonnes AISC: US$13,000/t Location IMIP TO HNMI High-Grade Nickel Matte Product 17

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