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Investor Presentaiton

MERDEKA BATTERY MATERIALS Powering the future, sustainably. Corporate Milestones Signed a JV agreement with Tsingshan for construction of the AIM project after entering an MoU in 2020 Acquired majority stake in ZHN Increased ownership in CSI & BSI to 50.1% Acquired MBM seed assets (BSI, CSI and SCM mine) MBM OpCos' Milestones Over Time (Illustrative) AIM project to produce first acid in 4Q 2023 ZHN entered commissioning in June Completed acquisition of nickel matte production facility in June Completed MBM IPO in April Announced HPAL JV with CATL and GEM Completed the transfer of AIM project from MDKA to MBM AIM project achieving nameplate capacity Advance HPAL development Commissioning of remaining AIM project circuits ZHN achieving full year of nameplate capacity Other potential downstream expansions First MHP Production HPAL entering commissioning phase 2021 2022 2023 2024 Further strategic partnerships with world class battery players will result in additional low risk downstream projects 2025 onwards... 18
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