Investor Presentaiton

51% MERDEKA BATTERY MATERIALS Powering the future, sustainably. MBM Assets Overview MBM's assets are strategically located in central Sulawesi, Indonesia's battery materials hub SCM Mine Various HPALS • Mineral resource of 1.1 billion dmt containing 13.8Mt of nickel (77% limonite) and 1.0Mt of cobalt Developing multiple HPAL plants in partnership with leading battery material companies such as GEM and CATL Central and South East Sulawesi The Huayue slurry pipeline runs in parallel to the haul roads 50% RKEF Plants 60% Ni Matte Converter 80% AIM Project • Three operating plants with a combined nickel in NPI production capacity of 88ktpa ⚫ Nickel matte conversion facility processing low-grade nickel matte to produce on average 50ktpa of high- grade nickel matte • AIM will produce multiple products including acid and steam for use in HPAL plants Parutuliang SCM Limonite Stockpiles HPALS³ 32% IKIP • A battery materials focused industrial park to be constructed inside the 21,100 ha SCM mine concession area IKIP Pombangie MBM Haul Road ~20km¹ BDM Haul Road² ~30km Karambao IMIP AIM, HNMI and RKEF plants MERDEKA BATTERY 1. 20km is from SCM's IUP boundary to BDM's haul road; it excludes the roads inside SCM's IUP 2. MBM's haul road connects to BDM's haul road, and MBM has signed a long-term agreement to use BDM's haul road for transporting nickel ore 3. HPALS future location within IKIP % MBM Ownership in Tsingshan JV 7 % MBM ownership in HPAL JVS

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