Investor Presentaiton

Diversified Project Portfolio NMI Project & Stage Advanced ☐ Brownfields Greenfields Diversified portfolio provides NMI with flexibility in commodities and in development stage Angola Epembe Ta, Nb Kunene Co, Cu Opuwo Lofdal REE Ondangwa Tsumeb Rundu Grootfontein Cu-Ni, Zn-V-Pb, Au Otjikoto Gold Mine Khorixas Otjiwarongo Otjiwarongo REE, Au Windhoek Navachab Gobabis Gold Mine Botswana Kunene remains a high priority project with its strategic land position in an emerging Co-Cu district, but Co price is currently a challenge Strong in-country management team and capacity allows NMI to develop projects in a strategic manner Diversity of the project portfolio is not yet valued in market ("NMI = cobalt play") Erongo Au Swakopmund Atlantic Ocean Walvis Bay Luderitz NAMIBIA CRITICAL METALS 100 km Maltahohe Keetmanshoop Karasburg Warmbad Li, Ta, REE South Africa

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