Announcement PDF ASX : CRR Critical Resources: Focussed on future production in North America's premier lithium district Prospectors and Developers Association of Canada (PDAC) March 2024 Booth 2415B Highlights Class-leading location Robust lithium fundamentals Experience and focus Immediate access to utilities, services and infrastructure (road, rail and port) necessary to support a future mining operation Significant supply deficit forecast, limited development pipeline from Tier 1 jurisdictions Management team with handson, hard-rock lithium project delivery and operations experience Resource* backed Growth potential Excellent metallurgy* Maiden MRE (8Mt @ 1.07% Li2O) with Resource modelling underway for a future Resource upgrade Multiple large, spodumene bearing outcrops yet to be drill tested – significant potential for continued Resource growth Testwork delivered spodumene concentrate grades of 5.8% -6.4% Li2O, with global lithia recoveries ranging from 77% to 87%. * Refer to Appendix Corporate Presentation | 2 Strategy for Value Creation The rapid growth and development of the Mavis Lake Lithium Project will position the Company to capitalise on the unprecedented investment and demand growth for lithium raw materials necessary to underpin the North American automotive industry Grow to Full Potential Continued year on year Resource growth through exploration success and organic Resource expansion Advance Towards Production Project development through permitting, technical and economic studies with ongoing Community engagement Secure Strategic Partners Leverage early mover advantage and management credentials to secure value accretive strategic partnerships Corporate Presentation | 3 Market Dynamics Global EV sales all vehicle classes 20 2023 Supply 914 kT LCE 2030 Supply(f) 1,746 kT LCE 2030 Demand (f) 2,760 kT LCE 18 18 16 13.8 14 12 10.5 10 8 6 4 *Average Mine/Concentrator: 45,000 T LCE per annum ~ 300,000 T SC6 per annum 2 Source: RhoMotion Jan 2024 2020-2023 EV sales increased ~365% 2024(f) 2023 2022 2021 2020 2019 2018 2017 2016 2015 0 Source: RhoMotion Jan 2024 2023 Strongest EV sales performance USA & Canada = 68% growth Source: Bell Potter Feb 2024 41* new Mine/Concentrator operations required to meet 2030 demand Corporate Presentation | 4 Mavis Lake Project Generating Momentum since Project Acquisition Dec 22 Acquisition of Gullwing/Tot Prospects Jan 22 Mavis Lake Project Acquisition Apr 22 First drill hole by CRR Jun 22 First highgrade assays with 2.0%+ Li2O* Mar 23 27,500m drill program completed in support of Maiden MRE Sep 22 First significant intercepts for 2022 program MF22-116 24.1M @1.62% Li2O MF22-117 23.9m @1.55% Li2O* Oct 22 Commencement of Metallurgical Testwork Oct 22 Baseline Environmental Assessment May 23 Maiden MRE 8Mt @ 1.07% Li2O* Jul 23 Rock-chip assay results up to 3.2% Li2O at Tot Prospect* Nov 23 Over 8km of highconfidence drilling targets identified over the Northen Prospects* Jul 23 First significant intercept for 2023 program MF23-207 74.4m @1.18% Li2O* Nov 23 Feb 24 16,753m drill Final assays confirm program thick mineralisation completed in from surface over support of MRE 1.1km strike* upgrade Nov 23 Sep 23 Dedicated met. Commencement of mineralogical drilling secured 1,600kg of samplesassessments and orefor feasibility level sorting amenability testwork testwork Apr 23 Concentrate grades up to 6.4% Li2O Recoveries up to 87% with HLS and flotation* Jun 23 Agreement in Principle signed and ceremony with Wabigoon Lake Ojibway Nation Jan 24 First full year of baseline monitoring complete * Refer to Appendix Corporate Presentation | 6 Momentum Continues in 2024 Northern Prospects Geophysical and soils sampling results pending for Northern Prospects Results to underpin development of high-confidence future drill targets Initial drill testing of Northern Prospects subject to Board approval Main Zone 2023 drilling results to be incorporated into updated MRE Extension drilling of Main Zone subject to Board approval Prospecting for further LCT outcrops adjacent to Main Zone Metallurgy Progress metallurgical development with bulk (1,600kg) DMS testwork program Ongoing ore-sorting amenability testwork Following successful amenability ore-sorting results, undertake bulk ore-sorting testwork Studies • Progress Year 2 environmental data collection and studies • Complete mining study on updated MRE • Complete preliminary hydrogeological and geochemistry studies • Prepare Preliminary Economic Assessment/Scoping Study • Prepare Initial Project Description in support of permitting • Commence engagement with utilities and service providers for early contractor engagement and collaboration opportunities • Undertake technical and administration works to convert exploration claims to mining leases Corporate Presentation | 7 Project Location Corporate Presentation | 8 Infrastructure Rich World-class infrastructure and utilities surround the Project • Low-cost residential exploration (and future mining operations) based out of Dryden • Existing road rail and port infrastructure provides path to global markets via dry-bulk shipping MAVIS LAKE LITHIUM PROJECT • Utilities connections and non-process infrastructure design to advance during 2024 Key Infrastructure Distance to ML Resource Trans-Canada Highway 4.5 km 230Kv Power Lines (Hydro) 1.5 km Natural Gas Pipeline 5.7 km Public Road 588 m Airport 6 km Canadian Pacific Railway 5.5 km Canadian National Railway 21.2 km Corporate Presentation | 9 Defined Resource Main Zone contains the Resource base to underpin a future mining operation Spodumene bearing pegmatite, at surface, drill-hole collar MF23-197* • Maiden Mineral Resource Estimate (MRE) released in May 2023 – 8Mt @ 1.07% Li2O* • A further 16,753 drill meters completed in 2023, all results to be incorporated into an updated MRE • Thick, high-grade lithium mineralisation, starting from surface, over a 1.1km strike • Mining study to be completed in H1 CY2024 * Refer to Appendix Corporate Presentation | 10 Year on Year Growth Potential Multiple large spodumene bearing outcrops yet to be drill tested • Approximately 8km of strike with high-grade assays* from rock chips and channel sampling across the Northern Prospects, including: - Sample 159082 – Gullwing Pegmatite rock chip @ 6.78 % Li2O - Sample 157856 – Tot Pegmatite 1.3m channel sample @ 2.88% Li2O - Sample 347562 – Tot Pegmatite rock chip @3.21% Li2O • Northern Prospects are approximately 15km from Mavis Lake Main Zone - providing operational synergies • Large spodumene bearing outcrops yet to be drill tested • Drill permits received in late 2023 • Detailed drill planning underway • Further potential across the Project Area to be unlocked through Spring/Summer prospecting program Spodumene bearing rockchip from Tot outcrop, near sample 347562 * Refer to Appendix Corporate Presentation | 11 Mineral Mapping QEMSCAN images of Main Zone Pegmatite Developing a detailed understanding of flowsheet requirements • Mavis Lake Pegmatites exhibit typical mineral suite • Spodumene is the predominant lithium mineral • QEMSCAN has identified predominantly large spodumene crystals within the Main Zone • Host rock is predominantly hornblende - amenable to removal by XRT ore sorting or magnetic separation • 1-12% muscovite in pegmatite – requires reflux classification prior to DMS (as seen in Altura/Pilgangoora plant) and mica flotation for any concentration by flotation Corporate Presentation | 12 Ongoing Studies and Assessment Trailcam images captured during the Fall-Winter fauna classification Positioning the Project as a future supplier of lithium raw materials • Year 2 baseline studies to commence in Spring and include hydrology, archaeology, terrestrial and wetlands • Baseline noise, air and water quality to be captured during ‘Year 2’ fieldwork • Mining study and optimisation to be completed following MRE update Lynx (top image) and deer (bottom image) observed in the Mavis Lake Project Area • Preliminary Economic Assessment/Scoping Study to drive the permitting process through completion and submission of the Initial Project Description • Project Description to underpin long lead-lead utility applications (hydro-power and main gas connections) Corporate Presentation | 13 2024 Project Work Streams Catalysts for Value Creation Q1 2024 Q2 2024 Q3 2024 Q4 2024 Exploration and Resource Growth Strategic asset/opportunity review Drill testing Northern Prospects/Main Zone extension Mineral Resource Estimate – Upgrade (from 2023 drilling) Mineral Resource Estimate – Upgrade (from 2024 drilling) Prospecting and target generation Project Advancement and Technical Development Baseline Environmental Studies Mine Planning and optimisation Ore sorting testwork Scoping Study/Preliminary Economic Assessment Project Description (Ontario/Canadian Government) Feasibility-level metallurgical test-work Hydrogeology and geotech drilling/testing Community engagement Corporate Presentation | 14 Alex Cheeseman Managing Director Email: info@criticalresources.com.au Tel: +61 (0)8 9465 1024 ABN: 12 145 184 667 Level 45, 108 St Georges Terrace Perth, Western Australia, 6000 ASX:CRR | CRITICALRESOURCES.COM.AU Disclaimer Summary Information This document contains a summary of information about Critical Resources Limited (“Critical Resources” or “the Company”) and its activities that is current as at the date of this document unless otherwise stated. The information in this document is general in nature and does not contain all the information which a prospective investor may require in evaluating a possible investment in Critical Resources or that would be required in a prospectus or a product disclosure statement prepared in accordance with the Corporations Act 2001 or the securities laws of any other jurisdiction. The information in this document should be read in conjunction with the Company’s other periodic and continuous disclosure announcements lodged with the ASX. obligations or undertaking to release any updates or revisions to the information in this document to reflect any change in expectations or assumptions do not make any representation or warranty, express or implied, as to the accuracy, reliability or completeness of the information in this document, or likelihood of fulfilment of any forward looking statement or any event or results expressed or implied in any forward looking statement and disclaim all responsibility and liability for these forward looking statements (without limitation, liability for negligence). Nothing in this document will under any circumstances create an implication that there has been no change in the affairs of the Company since the date of this document. 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Before making any investment decision in connection with any acquisition of securities, investors should consult their own legal, tax and/or financial advisers in relation to the information in, and action taken on the basis of this document. Forward Looking Statements Statements contained in this document, including but not limited to those regarding the possible or assumed future costs, projected timeframes, performance, dividends, returns, revenue, exchange rates, potential growth of Critical Resources, industry growth, commodity or price forecasts, or other projections and any estimated company earnings are or may be forward looking statements. Forward looking statements can generally be identified by the use of words such as ‘project’, ‘foresee’, ‘plan’, ‘expect’, ‘aim’, ‘anticipate’, ‘believe’, ‘estimate’, ‘may’, ‘should’, or similar expressions. Forward looking statements including all statements in this presentation regarding the outcomes of preliminary and definitive feasibility studies, projections, guidance on future earnings and estimates are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. These statements relate to future events and expectations and as such involve known and unknown risks and significant uncertainties, many of which are outside the control of the Company. Actual results, performance, actions and developments of the Company may differ materially from those expressed or implied by the forward looking statements in this document. Such forward looking statements speak only as of the date of this document There can be no assurance that actual outcomes will not differ materially from these statements. To the maximum extent permitted by law, the Company and any of its affiliates and their directors, officers, employees, agents, associates and advisers disclaim any Financial data All amounts are in Australian Dollars (AUD) unless otherwise indicated. A number of figures, amounts, percentages, estimates, calculations of values and fractions in this presentation are subject to the effect of rounding. Accordingly, the actual calculation of these figures may differ from the figures set out in this presentation. JORC Code It is a requirement of the ASX Listing Rules that the reporting of exploration results, ore reserves and mineral resources in Australia comply with the Joint Ore Reserves Committee’s Australasian Code for Reporting of Mineral Resources and Ore Reserves ("JORC Code"). Investors outside Australia should note that while reporting in this document complies with the JORC Code, they may not comply with the relevant guidelines in other countries. Information contained in this document describing mineral deposits may not be comparable to similar information made public by companies subject to the reporting and disclosure requirements of Canadian or US securities laws. Acceptance By attending a presentation or briefing, or accepting, accessing or reviewing this document you acknowledge, accept and agree to the matters set out above. Authorisation this document has been authorised for release by the Company’s Board of Directors. Corporate Presentation | 16 Exploration Disclosure COMPLIANCE STATEMENT This document contains information relating to Exploration Results in respect of the Mavis Lake project extracted from ASX market announcements reported previously and published on the ASX platform on those dates noted below. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and that all material assumptions and technical parameters underpinning the estimates in the original market announcement continue to apply and have not materially changed.               Drill Hole MF22-177 refer to ASX announcement dated 27 March 2023 Drill Hole MF22-178 refer to ASX announcement dated 27 March 2023 High grade low impurity Spodumene concentrate produced 9 February 2023 First Concentrate Produced form Mavis Lake dated 23 January 2023 Excellent Results from Metallurgical Test Work dated 3 April 2023 Drill Hole MF22-121 refer to ASX announcement dated 24 October 2022 Drill Hole MF22-116 refer to ASX announcement dated 13 September 2022 Drill Hole MF22 -117 refer to ASX announcement dated 13 September 2022 Drill Hole MF22-64 refer to ASX announcement dated 16 June 2022 Drill Hole MF22-72 refer to ASX announcement dated 21 July 2022 Drill Hole MF23-207 refer to ASX announcement dated 24 July 2023 Drill Hole MF23-190 refer to ASX announcement dated 27 March 2023 Drill Hole MF23-210 refer to ASX announcement dated 21 August 2023 Drill Hole MF23-211 refer to ASX announcement dated 21 August 2023              Drill Hole MF23-214 refer to ASX announcement dated 19 September 2023 Drill Hole MF23-225 refer to ASX announcement dated 19 October 2023 Drill Hole MF23-197 refer to ASX announcement dated 27 June 2023 Drill Hole MF23-222 refer to ASX announcement dated 19 October 2023 Drill Hole MF23-213 refer to ASX announcement dated 19 October 2023 Drill Hole MF23-191 refer to ASX announcement dated 27 June 2023 Drill Hole MF23-217 refer to ASX Announcement dated 19 October 2023 Drill Holes MF17-49 refer to ASX announcement date 25 October 2021 Drill Holes MF18-53 refer to ASX announcement date 25 October 2021 Northern Prospects sample 159082 refer to ASX announcement dated 20 December 2022 Northern Prospects sample 157856 refer to ASX announcement dated 20 December 2022 Northern Prospects sample 347562 refer to ASX announcement dated 20 December 2022 District-Scale Potential at Mavis Lake Northern Prospects with Multiple Drill Targets date 2 November 2023 This document contains information relating to Exploration Results in respect of the Gullwing-tot Lakes project extracted from ASX market announcements reported previously and published on the ASX platform on 20 December 2022, 29 December 2022 and 17 July 2023. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and that all material assumptions and technical parameters underpinning the estimates in the original market announcement continue to apply and have not materially changed. All announcements are available for viewing at the Company’s website www.criticalresources.com.au. Corporate Presentation 2023 | Mineral Resource Estimate COMPLIANCE STATEMENT This document contains information relating to the Mineral Resource estimate for the Mavis Lake Lithium Project is extracted from the Company’s ASX announcement dated 5 May 2023. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original announcement and that all material assumptions and technical parameters underpinning the Mineral Resource estimate continue to apply. The Mavis Lake MRE includes all applicable drilling results up to an including 29 March 2023. MRE has been reported at a cut-off grade of 0.3% Li2O and open-pit mining scenario. Bulk Density of 2.8 has been used for mineralised pegmatite. Estimation has been completed using inverse distance weighting. Resource classification is according to the JORC Code Mineral Resource categories All announcements are available for viewing at the Company’s website www.criticalresources.com.au. JORC Classification Li2O Cut-Off grade (%) Tonnage (Mt) Li2O (%) Inferred 0.3 8.0 1.07 Corporate Presentation 2023 | Over $47Bn of regional investment in Battery/EV production Corporate Presentation | 19 Main Zone Plan View and Section Reference A’ A Corporate Presentation | 20