Investor Presentaiton

MERDEKA BATTERY MATERIALS Powering the future, sustainably. HPAL Development Plan MBM plans to develop multiple HPAL processing plants in partnership with leading battery material companies Partner CATL Capacity • Nameplate capacity of 60ktpa of nickel in MHP Ore Supply Responsibilities • • GEM Nameplate capacity of 30ktpa of nickel in MHP, to be developed in two stages: Stage 1 at 20ktpa and Stage 2 increasing total nameplate capacity to 30ktpa MBM has the option to participate in GEM's potential expansion plans of an additional 20ktpa of nickel in MHP Multi decade supply of nickel ore secured from the SCM mine • CATL is responsible for arranging project financing, GEM will guide the design, construction, and operation of design and construction of the processing plant the processing plant MBM will take the lead in obtaining relevant Indonesian government permitting, approvals and incentives and local community relations • MBM will take the lead in obtaining relevant Indonesian government permitting, approvals and incentives, and arranging project financing, with support from GEM Proposed Location Indicative Timeline Ownership • IKIP Detailed feasibility and engineering in 2023 JV Parties MERDEKA BATTERY MATERIALS CATL Ownership 66.0% 34.0% • IMIP Stage 1 commissioning in late 2024, Stage 2 by mid-2025 JV Parties MERDEKA BATTERY MATERIALS GEM Ownership 55.0% 45.0% 13

View entire presentation