Investor Presentaiton

Corporate NICKEL INDUSTRIES Acquisition of a 13.75% equity interest in ENC HPAL Project FID taken in October to commit to the participation and investment in the Excelsior Nickel Project (ENC) which is expected to produce 72,000 tonnes per annum of contained nickel equivalent metal across the three major class 1 nickel products, being mixed hydroxide precipitate (MHP), nickel sulphate and nickel cathode, the first HPAL globally to have this product diversification NIC to benefit from capex, commissioning and timeframe guarantees Acquisition executed via two payments totalling US$316.3M Establishment of US$400m loan facility with leading Indonesian bank Execution of financing facilities totalling US$400M with PT Bank Negara Indonesia (Persero) Tbk Singapore Branch (BNI), a tier-1 Indonesian Bank, to support the Company's funding obligations in relation to the ENC Project US$350M - 5-year senior term loan facility US$50M revolving credit facility (RCF), for general working capital purposes Nickel matte sales contract with Glencore Executed a maiden nickel matte sales contract with Glencore The contract, commencing January 2024 and running for an initial 6-month term, will result in nickel matte from the Company's Hengjaya Nickel Project being sold to Glencore and represents the Company's first direct sales to western customers Board changes Retirement of Non-Executive Directors Huang Weifeng and Mark Lochtenberg Retirement of Non-Executive Chairman Rob Neale with Company Founder and Deputy Chairman Norm Seckold appointed as Executive Chairman CO 6

View entire presentation