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Investor Presentaiton

Production summary Saprolite mined wmt Record quarter of production at Hengjaya Mine December quarter 1,463,943 September quarter 1,013,949 Limonite mined wmt 2,616,041 3,100,155 Nickel ore mined wmt 3,629,990 4,564,098 Overburden mined BCM(1) 332,155 381,494 Strip ratio BCM/wmt 0.09 0.08 Saprolite EBITDA $M Limonite EBITDA $M ā˜ ā˜ 15.2 7.9 25.1 16.9 Aerial view of Central Pit 1 Record quarterly production of 4,564,09 wmt, up 17.5% from September quarter saprolite production of 1,463,943 wmt, up 44.4% limonite production of 3,100,155 wmt, up 18.5% (~13M tonnes of limonite stockpiled) ongoing increase in sales expected over 2024 with additional fleet continuing to be added to the Hengjaya Mine to IMIP haul road Quarterly EBITDA of US$42.0M, up 81.8% despite lower realised ore prices Note: Figures reflect unaudited numbers from monthly operating entity financial reporting. (1) BCM represents "bank cubic metres". NICKEL INDUSTRIES LO
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