Investor Presentaiton

Araguaia Nickel Project - Infrastructure 5000W 477230 W WOO Tu Cam Açailândia Maraba PARA Carajas Mining DASTICE Imperatriz Paquapebas Puma MARANHÃO Karmathi Onca Picarra Sera do Тара Vale das Xinguar Sonhos Araguaina Rio Maria Legend Argus Nickel Project Well-established infrastructure with good regional roads, access to rail, low-tariff hydroelectric power, and water • Access to regional port of São Luís - primary supply chain facility for in- bound and out-bound logistics for bulk material handling of coal and potentially Fe-Ni product 17 309 W Jacaré Mundial Tucari hydroelectric dam 25 units 8,370MW capacity HORIZONTE MINERALS SAYM Occurroncos Ni Towns Redençag Colinas do Tocantins Apost Quatipur Conceição do Araguaia <-Hoods Raway -Power Ged U MATO GROSSO TOCANTINS Miranorte Miracema do Tocantins Palmas APANGW K ARAGUAIA NICKEL PROJECT INFRASTRUCTURE MAP New Norte Sul rail line located east of the project Colinas electrical substation Developing the next major nickel project in Brazil: AIM/TSX HZM 12

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