Sembehun Project Feasibility and Market Dynamics slide image

Sembehun Project Feasibility and Market Dynamics

Sierra Rutile Investor Highlights Sierra Rutile Limited One of the world's largest natural rutile producers positioned to significantly extend its mine life and deliver value through development of Sembehun. Investment Highlights Attractive market fundamentals driven by depleting global supply and strong demand for titanium as a critical mineral¹ Established Area 1 mine operations, underpinned by favourable fiscal regime reset, positioned to generate strong operating cash flows to supplement the funding requirement of Sembehun Location Attractive growth profile in Sembehun project with strong PFS economics leveraging existing facilities and infrastructure Long-term, established customer relationships with strong demand for premium natural rutile product¹ A robust financial position with net cash of US$20.7m² (as well as the US$45m rehabilitation trust funds to be established to support existing rehabilitation obligations³) Well established ESG practices and credentials Experienced, established team positioned to deliver value for shareholders Sierra Rutile Operations Sierra Leone Note: (1) Please see Appendix C for more information. (2) Pro forma cash balance as at 31 May 2022. (3) Estimated rehabilitation obligations as at 31 December 2021. Sierra Rutile Corporate HQ Perth, WA 10
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