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Investor Presentaiton

Market forces driving demand for battery-metals IN 2021 SOUTH AUSTRALIA PRODUCED 305,000T OF COPPER (67% of Australia's Copper) Powering homes, industries and clean energy technologies around the world That's enough copper for either: 3.4 million Electric vehicles which could reduce carbon emissions of 10 Million Tonne In one year 70,000 Wind Turbines $10,000 LME Official Copper Price (USD) COPPER Producing 210 GW of clean energy - that's 4 times the capacity in the Australian Electricity Market $5,000 2016 2017 2018 2019 2020 2021 CO₂ 1711 Copper wiring and fixtures for a city of 1.5 million homes 200kg of copper in electrical wiring, plumbing, roofing, brass fittings and appliances 1 Mpta sustainable copper production could TRIPLE our global impact $4,000 LME Official Zinc Price (USD) ZINC $3,000 $2,000 2016 2017 2018 2019 2020 2021 STELAR METALS By 2030, more than 250,000 tonne of copper will be needed per year as part of the windings in electric traction motors on-road electric vehicles. Source: South Australia's Copper Strategy (Government of South Australia 2021) Battery Metal commodity prices are projected to continue increase to meet the global demand for these critical metals that underpin the new technologies being developed to reduce climate change. 5
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