Copper-Gold, Lithium and Iron in Sweden Pre-IPO Presentation A Rapid Growth Swedish Minerals Company www.criticalmetals.eu 12 May 2017
Register Interest for IPO Allocation Timetable Prospectus lodgement with ASIC to raise $4 million June 2017 Initial Public Offering on ASX July 2017 Copper drilling under old copper-gold mine to commence (after July 2017 completion of IPO) Assay results from drilling under old lithium mine July 2017 Assay results from copper-gold drilling August/September Lithium drilling along strike from old lithium mine October/November 2
Exposure to Portfolio of Metals and Minerals Critical Metals has exposure to: Industrial Minerals – Lithium Varuträsk Project – drilling under old mine completed in April 2017, assays late this Quarter Base and Precious Metals – Copper-Gold Pahtohavare Project – mining lease application to be lodged next Quarter by JV partner, drilling under old copper mine to recommence upon ASX listing Bulk Commodities – Iron Rakkuri Project – social impact and environmental studies to recommence upon ASX listing prior to lodgement of mining lease applications late 2018 Projects comprise: Brownfields exploration (lithium, copper, gold) Advanced exploration (iron) 3
Corporate Structure Existing Shareholders 100% Critical Metals Ltd (ACN 614 136 864 ) 100% Scandinavian Resources Pty Ltd 100% 100% Scandinavian Resources AB Kiruna Iron AB Pahtohavare Copper-Gold (JV) Varuträsk Lithium (100%) Rakkuri Iron (100%) 4
Pre-IPO Capital Structure No. of Shares No. of Shareholders Fully paid shares on issue 32,287,500 > 2,500,000 3 Options on issue a 4,850,000 >= 250,000 < 2,500,000 15 Top 20 Shareholders 61% >= 25,000 < 250,000 94 Major Shareholder Neometals Ltd (ASX:NMT) >= 10,000 < 25,000 139 12.5% >= 2,500 < 10,000 434 Cash ~$1.2 Million b a Unlisted options ex. at 25 cents on or before 11 May 2020 < 10,000 1,369 b Prior to costs of Varuträsk drilling 5
Post-IPO Capital Structure d Minimum AUD4M Maximum AUD5M Shares Options Shares Options Current shares on issue 32,287,500 4,850,000 32,287,500 4,850,000 Initial Public Offering a 20,000,000 25,000,000 26,143,750 b 28,643,750 b Post IPO Issue to Shareholders Total 52,287,500 30,993,750 57,287,500 33,493,750 Market Capitalisation on IPO (AUD) 10,457,500 11,457,500 Cash (AUD) c 4,750,000 5,750,000 Enterprise Value 5,707,500 5,707,500 a IPO priced at AUD0.20 per share b Listed options ex. at AUD0.30 within 18 months of grant, issued to all shareholders on the register four weeks after listing on the basis of 1 option for every 2 shares held c Prior to IPO costs d Subject to change 6
Timetable – 2017 Month Corporate Action Varuträsk Pahtohavare Rakkuri Raised $1.2 million in seed capital from sophisticated March investors Completed 1,750m of diamond April drilling under Sweden’s most well Key permit renewed known historic lithium mine Renegotiation of existing joint General Meeting of Logging of core and submission of venture terms to allow CMS to drill May Shareholders samples for analysis test copper sulphide targets Lodgement of IPO Prospectus June Diamond drilling under the historic Initial assays and metallurgical test July Listing on ASX shallow copper mine work Outcome of scoping study covering Lodgement of mining lease Stakeholder meetings as part of economics, metalurgy, processing application for oxide deposit by JV August mining lease application process and costs Partner Follow up drilling of Varuträsk September extensions Assay results from copper drilling Issue of free options to October shareholders 7
Board of Directors & Management Jonathan Murray – Independent Non-Executive Chairman Damian Hicks – Executive Director (resides in Perth, Australia) (resides in Perth, Australia) • 15 years experience as Founder of resources companies in • 20 years experience as a corporate lawyer; Senior Partner of Western Australia (since 2002) and Sweden (since 2007) Steinepreis Paganin • Financial, legal and compliance qualifications with principal • Principal legal practice areas include equity capital markets, responsibilities including strategy formulation, team takeovers, project acquisitions and divestments, corporate development, deal origination & execution, stakeholder governance, commercial law and strategy relationships and capital raising Amanda Scott – Consulting Geologist (resides in Malå, Sweden) Markus Bachmann – Non-Executive Director (resides in Johannesburg, South Africa) • Geologist with 12 years experience (6 years in Sweden). • Corporate finance professional and founding partner of Craton • Extensive experience in Western Australia and northern Capital. Scandinavia generating new projects and exploring for lithium, gold, copper, nickel, PGEs, iron and manganese. • Craton Capital awarded Fund Manager of the Year at the Mining Journal’s “Outstanding Achievement Awards” during December 2010. Olof Forslund – Non-Executive Director (resides in Malå, Kris Gram – Non-Executive Director (resides in Oslo, Norway) Sweden) • 5 years Management Consultant and 10 years Investment • Geophysicist and has extensive international experience in the Banking experience. mineral exploration industry. • Currently CEO of family investment company. • Commenced with Geological Survey of Sweden (SGU) in 1966 and during the period 2003 – 2007 was Regional Manager of the Mineral Resources Information Office in Mala, Sweden. 8
Location Plan Office is located in Malå, ~110kms west of Varuträsk and ~800km north of Stockholm Varuträsk is located ~10kms west of Skellefteå, ~20kms south-east of Boliden and ~50kms west of the Port of Skellefteå Pahtohavare and Rakkuri are located ~8km west of Kiruna 9
Copper-Gold – Strategy Consolidate the three copper-gold deposits within the Pahtohavare Project with the Discovery Zone copper-gold deposit to create economies of scale Create one industrial centre (processing and administration) and waste management location for a combined iron-copper-gold operation to create a long life sustainable mining centre that is environmentally and socially acceptable to stakeholders Pahtohavare is currently 2.3Mt @ 1.74% Cu, 0.6 g/t Au with significant upside beneath existing shallow oxide deposit Renegotiate existing joint venture agreement with Swedish partner Lovisagruvan AB is proposed to enable LOVI to focus on bringing the oxide deposit into production and Critical Metals fto ocus on drill testing beneath the oxide deposit and beneath the historic sulphide mine. Discovery Zone is 9Mt @ 0.8% Cu, 0.19 g/t Au (100%) 10
Pahtohavare Copper-Gold Lovisagruvan to lodge mining lease application over Central copper oxide deposit in 2017 Highly prospective drill ready copper targets identified beneath Central oxide deposit and historical Southern sulphide copper mine Assays from PADH15005 in the Central oxide deposit include: 14.2m @ 9.60% Cu , 2.43g/t Au, 16.98g/t Ag from 40.0m incl. 4m @ 23.26% Cu , 3.62g/t Au, 43.03g/t Ag from 47.5m. 14m @ 2.03% Cu, 0.53g/t Au, 4.07g/t Ag from 7.2m incl. 3m @ 3.58% Cu , 1.02g/t Au, 8.47g/t Ag from 10.8m . Visible copper mineralisation in drillcore from PADH15005 between 48.5-49m downhole. Note that all widths are downhole as true widths are not currently known. Please refer Hannans Ltd ASX Announcement “1 st Quarter Activities Report” dated 30 th October 2015 for additional details regarding the diamond drilling at Pahtohavare including the JORC Table. 11
Copper-Gold The compelling attributes of the Pahtohavare Project are: Proven high grade copper-gold mineralisation at surface and depth Underground development in place at Southern and South Eastern Previously mined industrial site Area of National Interest for Mining Potential to process high grade oxide copper mineralisation close to surface (from surface to (Above) 3D image of ~100m) existing underground infrastructure Confirmation of ore grade mineralisation beneath connecting the Southern historic South Eastern and Southern underground mines. 12
Copper-Gold-Iron – Location Plan Scandinavian Resources AB and Kiruna Iron AB are wholly owned subsidiaries of Critical Metals Ltd 13
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