Investor Presentaiton

5 LOCATIONS CHALLENGES PRICE (May '19-'22) Structural Issues Not Limited to Lithium...... Lithium demand (LCE basis) 2018-2030 (in 000s) 20 Battery Non-battery Natural flake graphite demand 2018-2030 (in 000s) Battery Non-battery 60 Cobalt demand 2018-2030 (in 000s) Battery Non-battery 4 50 Primary nickel demand 2018-2030 (in 000s) Battery Non-battery 40 15 3 40 30 10 2 20 20 сл 5 1 10 0 0 2018 2030 2018 2030 2018 CAGR CAGR CAGR 18.1% Total Capex Required 16.6% Total Capex Required² 2030 Total Capex Required³ >$50bn 2018 CAGR 11.4% 4.8% 2.0% (Non-battery) $24bn 21.4% (battery) 5.5% (Non-battery) 25.6% (battery) $13bn combined in copper and nickel Quality & consistency of product Lack of chemical experience Lack of a futures price Potential oversupply in medium-term Substitution due to solid state battery adoption • Confusion over role of synthetic graphite Environmental concerns Africa Latin America Africa Australia Europe China North America North America Brazil China 2.9% (Non-battery) 15.4% (battery) 70% DRC raw material (brand image, lack of western investors) High cost/substitution By-product DRC, DRC, DRC North America Australia Brazil 1.8% (Non-battery) 29.0% (battery) Historically low price Laterite challenges Non-core assets Recycling Sulphuric acid supply Indonesia Philippines Australia PNG 2030 Total Capex Required*: $39bn +383% Source: Benchmark Minerals, Trading Economics +26% +154% +173% Graphite is Poised to Follow a Similar Price Response as Other EV Metals www.srgmining.com | TSX.V SRG Mining for tomorrow SRG Battery Minerals

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