Panasqueira Tungsten-Tin Mine Presentation

- PANASQUEIRA – WO3 PRODUCTION FOR MORE THAN A CENTURY Proven track record in a first-class jurisdiction KEY FACTS Located in Covilhã, Castelo Branco district, Portugal Historical production since the early 1900s and Current Status is in Production L4 extension with huge upside potential and low risk Scoping study completed, ready-to-be-built after completion of financing Work on access ramps expected to start as early as Q1/2024 ➤ Existing surface infrastructure sufficient for extension, only underground infrastructure to be built ➤ Higher throughput and access to higher grade material will almost double the WO3 production ➤ L4 could extend production by more than 20 years Forecasted yearly production of ~124,000 MTU WO3 after the extension Panasqueira Deep is rich in Tin. The possibility of recovering several metals contained in the slime dams, especially tungsten, tin and copper is currently being investigated ANNUAL WO, PRODUCTION & REVENUE* (in US$m) 3 Tonnage WO3 Grades Reserves Revenues US$m -20 Revenue Capex Production H2/2023F 2024F 2025F 2026F 2027F 2028F 2029F 2030F 40 140 20 o 0 70 MTU in kt A ALMONTY fin DEPOSIT SUMMARY 3.0Mt 11.9Mt 10.6Mt 0.21% 0.23% 0.24% M&I Resource Total Reserves & Resource of 22.5Mt Inferred Resource -70 *Revenue includes by-products tin & copper 22

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