Announcement PDF ASX Announcement 8 May 2024 RIU Sydney Resources Round-up - Presentation Lithium exploration and project development company Critical Resources Limited ASX:CRR (“Critical Resources” or “the Company”) advises of its participation at the RIU Sydney Resources Round-up conference being held this week in Sydney, Australia. Attached is the presentation that Mr Alex Cheeseman will be presenting at the conference later today. This announcement has been approved for release by the Board of Directors. -endsFor further information please contact Alex Cheeseman Managing Director E: info@criticalresources.com.au P: +61 (8) 9465 1024 Nicholas Read Read Corporate E: nicholas@readcorporate.com.au M: +61(0)419 929 046 ABOUT CRITICAL RESOURCES LIMITED Critical Resources is focused on the exploration, development and delivery of the critical metals required for a decarbonized future, underpinned by a portfolio of lithium projects in Ontario, Canada which are ideally positioned to participate in the rapidly growing North American battery materials supply chain. The Company’s principal focus is on its flagship Mavis Lake Lithium Project in Ontario, Canada, where it has completed over 45,000m of drilling and defined a maiden Inferred Mineral Resource of 8Mt grading 1.07% Li2O. Recent exploration success has demonstrated substantial potential to expand this resource and make new discoveries in the surrounding area. Critical is progressing a dual-track strategy at Mavis Lake of targeting resource growth in parallel with multiple permitting and project development workstreams. FORWARD LOOKING STATEMENTS This announcement may contain certain forward-looking statements and projections. Such forward looking statements/projections are estimates for discussion purposes only and should not be relied upon. Forward looking statements/projections are inherently uncertain and may therefore differ materially from results ultimately achieved. Critical Resources Limited does not make any representations and provides no warranties concerning the accuracy of the projections and disclaims any obligation to update or revise any forward-looking statements/projects based on new information, future events or otherwise except to the extent required by applicable laws. While the information contained in this report has been prepared in good faith, neither Critical Resources Limited or any of its directors, officers, agents, employees or advisors give any representation or warranty, express or implied, as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this announcement. Critical Resources Limited ABN 12 145 184 667 ASX:CRR Level 45. 108 St Georges Terrace, Perth WA 6000 P. +61 9465 1024 W. criticalresources.com.au E. info@criticalresources.com.au ASX : CRR RIU Sydney Resources Round-up Booth 24 8 May 2024 Strategic Highlights The Right Place Exceptional location, highgrowth market and infrastructure rich  Ontario provides supportive Provincial and Federal Governments – plus potential access to US Government initiatives  Unprecedented investment into North American electric vehicle supply chains  Project location and existing infrastructure (road , rail and port) provides significant operational and financial advantages  Flagship Mavis Lake Lithium Project - Maiden Mineral Resource Estimate (MRE) 8Mt @ 1.07% Li2O, drilling subsequent to MRE release has included world-class intercepts up to 74.4m @ 1.18% Li2O* The Right Project Resource-backed with growth potential  Potential for further discoveries, multiple mapped spodumene bearing pegmatites yet to be drill tested  Met testwork delivered high recoveries (up to 87%) with excellent concentrate grades (5.9-6.4% Li2O)*  Ore sorting trials delivered outstanding (98%) waste rock separation The Right Pathway Clear pathway to advance the Project and deliver lithium products to market  Focussed project development activity being conducted in parallel with continued resource growth and permitting  Development Team leveraging experience gained from previous hard rock lithium projects  Economic Assessment being undertaken, Project economics to drive value creation  Ownership = 100%, Offtake = 100% Uncommitted * Refer to Appendix www.criticalresources.com.au | info@criticalresources.com.au | Corporate Presentation | 2 Corporate Snapshot Board of Directors Alex Cheeseman Managing Director 20+ years leadership and management across projects and operations. 7 years dedicated to the lithium industry(former GM Altura Mining). Capital Structure Share Price (30 April 2024) Extensive experience building and managing high-performance teams operating in multiple jurisdictions. AUD$0.013 Shares 1.78b Market Cap. (undiluted) ~AUD23m Cash (31 March 2024) AUD$3.4M Debt Robert Martin Non-Executive Chairman A successful businessman and accomplished company Director with over 25 years’ experience across mining and mining services. Significant experience in capital markets and corporate strategy. Chairman of ASX:BM8, ASX:EQN and ASX:PLN, NED of ASX:PKD and TSX:VCT. $0 Options (47m - $0.04 strike – expiry 3 Dec 24) AUD$1.88m John Markovic Non-Executive Director Highly successful businessman, with proven history in value creation. Strategic expertise in marketing, financial planning and risk management. Share Register Track record in achieving high-growth for shareholders. Board and Management Nigel Broomham Non-Executive Director A professional geologist with 10+ years dedicated in exploration for battery raw materials. Institutional Holders Former Head of Geology for Pilbara Minerals (ASX:PLS). Current CEO Battery Age Minerals (ASX:BM8) and NED Pioneer Lithium (ASX:PLN). HNW Anthony Tse Strategic Advisor Early pioneer and veteran of the lithium industry. Other Former CEO of Galaxy/Allkem – now the 5th largest lithium producer. Extensive strategy, management and investment experience across the battery value chain globally. www.criticalresources.com.au | info@criticalresources.com.au | Corporate Presentation | 3 Market Dynamics Global EV sales Spodumene (5-6% Li2O) CIF China all vehicle classes 20 18 18 16 13.8 14 12 10.5 10 8 6 4 2 www.criticalresources.com.au | 2023 2024(f) Source: RhoMotion Jan 2024 2022 2021 2020 2019 2018 2017 2016 2015 0 info@criticalresources.com.au | Corporate Presentation | 4 Strategy for Value Creation Grow to Full Potential Advance Towards Production Secure Strategic Partners Year on year Resource growth through exploration success and organic Resource expansion Project development through permitting, technical and economic studies with ongoing Community engagement Leverage early mover advantage and management credentials to secure value accretive strategic partnerships www.criticalresources.com.au | info@criticalresources.com.au | Corporate Presentation | 5 Mavis Lake Project Project Location www.criticalresources.com.au | info@criticalresources.com.au | Corporate Presentation | 7 Building Momentum Since 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* Jul 23 Rock-chip assay results up to 3.2% Li2O at Tot Prospect* 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 May 23 Jul 23 Maiden MRE First significant 8Mt @ 1.07% Li2O* intercept for 2023 program MF23-207 74.4m @1.18% Li2O* www.criticalresources.com.au | info@criticalresources.com.au Nov 23 16,753m drill program completed in support of MRE upgrade Mar 24 Geochemistry and geophysics identifies multiple anomalies/high priority drill targets* Feb 24 Final assays confirm thick mineralisation from surface over 1.1km strike* Nov 23 Sep 23 Dedicated met. Commencement drilling secured of mineralogical assessments and 1,600kg of ore-sorting samples for amenability feasibility level testwork testwork Apr 23 Concentrate grades up to 6.4% Li2O Recoveries up to 87% with HLS and flotation* Oct 22 Baseline Environmental Assessment Nov 23 Over 8km of highconfidence drilling targets identified over the Northen Prospects* Jun 23 Agreement in Principle signed and ceremony with Wabigoon Lake Ojibway Nation | Apr 24 Outstanding oresorting results* and commencement of bulk testwork Jan 24 First full year of baseline monitoring complete Corporate Presentation * Refer to Appendix | 8 Maiden Resource with Growth Potential • Maiden MRE released in May 2023 - 8Mt @ 1.07% Li2O* • Maiden MRE included drilling results up to 30 March 2023, a further 16,753m was drilled in CY 2023 • June-November 2023 saw outstanding intercepts* including: ‐ Drill Hole MF23-207 with 74.4m @ 1.18% Li2O ‐ Drill Hole MF23-213 with 50.2m @ 1.28% Li2O ‐ Drill Hole MF23-225 with 37.75m @ 1.12% Li2O • Updated resource model being developed, with expectation of first MRE upgrade in H2 2024 • Thick, high-grade lithium mineralisation, starting from surface, over a 1.1km strike • Drilling late in 2023 also confirmed the discovery* of a new/lower mineralised stack, which remains open updip and down-dip www.criticalresources.com.au | info@criticalresources.com.au | * Refer to Appendix Corporate Presentation | 9 Unlocking District Scale • Approximately 8km of strike with high-grade assays* from rock chips and channel sampling including: ‐ Sample 159082 Gullwing rock chip @ 6.78% Li2O ‐ Sample 157856 Tot 1.3m channel sample @ 2.88% Li2O ‐ Sample 347562 Tot rock chip @ 3.21% Li2O • Soil sampling identified 1 x 1.25km trend extending from the Tot pegmatite* • Low altitude, high-resolution aeromag and LIDAR survey identified multiple magnetic signatures consistent with previously mapped spodumene bearing pegmatites* • Field work commencing in May to ground truth recent results * Refer to Appendix www.criticalresources.com.au | info@criticalresources.com.au | Corporate Presentation | 10 Unlocking District Scale www.criticalresources.com.au | info@criticalresources.com.au | Corporate Presentation | 11 World Class Infrastructure • All field activities based out of Dryden – a low-cost, well serviced base for future growth • Road and rail options to a number of deepwater ports, all currently supporting dry-bulk cargo export • Growing services and opportunities in Dryden – potential for contracted services to provide multi-user camp, laboratory and warehouse solutions • Direct access to infrastructure and utilities – significant CAPEX savings Key Infrastructure Distance to ML Resource www.criticalresources.com.au Trans-Canada Highway 4.5 km 230Kv Power Lines (Hydro) 1.5 km Dryden City Centre 14 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 | info@criticalresources.com.au | Corporate Presentation | 12 Detailed Flowsheet Development • Heavy Liquid Separation (HLS) delivered spodumene concentrate up to 6.4% Li2O with very low Fe2O3. • Optimization work (HLS and flotation) delivered recoveries up to 87%* • QEMSCAN has identified predominantly large spodumene crystals and confirms spodumene is the predominant lithium mineral • Ore sorting amenability trials completed*: ‐ 150% Li2O increase for UV sorting ‐ 98% waste rock rejection from XRT sorting • Bulk ore sorting and DMS test work program commenced in April 2024 – results to underpin Scoping Study flowsheet design and economic parameters • Hybrid DMS and flotation flowsheet anticipated – designing a staged project delivery approach to minimise upfront CAPEX requirement * Refer to Appendix www.criticalresources.com.au | info@criticalresources.com.au | Corporate Presentation | 13 2024 Workstreams Exploration and Resource Growth Drill testing Northern Prospects Main Zone extension drilling Mineral Resource Estimate – Upgrade (from 2023 drilling) Mineral Resource Estimate – Upgrade (from 2024 drilling) Prospecting and target generation Q2 2024 Q3 2024 Q4 2024 Project Advancement and Technical Development Baseline Environmental Studies Mining study Bulk DMS and Ore Sorting test-work Scoping Study/Preliminary Economic Assessment Project Description (Ontario/Canadian Government) Hydrogeology and geotech drilling/testing Community engagement Corporate Strategic Partnering Initial Offtake Strategic asset/opportunity review www.criticalresources.com.au | info@criticalresources.com.au | 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. No Liability The information contained in this document has been prepared in good faith by the Company however no guarantee, representation or warranty expressed or implied is or will be made by any person (including the Company and its affiliates and their directors, officers, employees, associates, advisers and agents) as to the accuracy, reliability, correctness, completeness or adequacy of any statements, estimates, options, conclusions or other information contained in this document. No person other than the Company is responsible for the preparation of this document. To the maximum extent permitted by law, the Company and its affiliates and their directors, officers, employees, associates, advisers and agents each expressly disclaims any and all liability, including, without limitation, any liability arising out of fault or negligence, for any loss arising from the use of or reliance on information contained in this document including representations or warranties or in relation to the accuracy or completeness of the information, statements, opinions, forecasts, reports or other matters, express or implied, contained in, arising out of or derived from, or for omissions from, this document including, without limitation, any financial information, any estimates, forecasts, or projections and any other financial information derived therefrom. Statements in this document are made only as of the date of this document unless otherwise stated and the information in this document remains subject to change without notice. No responsibility or liability is assumed by the Company or any of its affiliates (or their directors, officers, employees, associates, advisers and agents) for updating any information in this document or to inform any recipient of any new or more accurate information or any errors or mis descriptions of which the Company and any of its affiliates or advisers may become aware. Not Financial Product Advice This document does not constitute financial product advice or take into account your investment objectives, taxation situation, financial situation or needs. This document consists purely of factual information and does not involve or imply a recommendation of a statement of opinion in respect of whether to buy, sell or hold a financial product. An investment in the Company is considered to be speculative in nature and is subject to known and unknown risks, some of which are beyond the control of the Company. 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 www.criticalresources.com.au | 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. info@criticalresources.com.au | Corporate Presentation | 16 Exploration and Metallurgy 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 MF12-33 refer to ASX announcement dated 25 October 2021 Drill Hole MF12-36 refer to ASX announcement dated 25 October 2021 Drill Hole MF17-49 refer to ASX announcement date 25 October 2021 Drill Hole MF18-53 refer to ASX announcement date 25 October 2021 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 MF22-116 refer to ASX announcement dated 13 September 2022 Drill Hole MF22 -117 refer to ASX announcement dated 13 September 2022 Drill Hole MF22-121 refer to ASX announcement dated 24 October 2022 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 First Concentrate Produced form Mavis Lake dated 23 January 2023 High grade low impurity Spodumene concentrate produced 9 February 2023 Drill Hole MF22-177 refer to ASX announcement dated 27 March 2023 Drill Hole MF22-178 refer to ASX announcement dated 27 March 2023 Drill Hole MF23-190 refer to ASX announcement dated 27 March 2023               Excellent Results from Metallurgical Test Work dated 3 April 2023    Drill Hole MF23-230 refer to ASX announcement dated 13 February 2024 Drill Hole MF23-191 refer to ASX announcement dated 27 June 2023 Drill Hole MF23-197 refer to ASX announcement dated 27 June 2023 Drill Hole MF23-207 refer to ASX announcement dated 24 July 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 MF23-213 refer to ASX announcement dated 19 October 2023 Drill Hole MF23-214 refer to ASX announcement dated 19 September 2023 Drill Hole MF23-217 refer to ASX Announcement dated 19 October 2023 Drill Hole MF23-222 refer to ASX announcement dated 19 October 2023 Drill Hole MF23-225 refer to ASX announcement dated 19 October 2023 Drill Hole MF23-228 refer to ASX announcement dated 15 November 2023 Drill Hole MF23-229 refer to ASX announcement dated 15 November 2023 District-Scale Potential at Mavis Lake Northern Prospects with Multiple Drill Targets date 2 November 2023 Drill Hole MF23-244 refer to ASX announcement dated 13 February 2024 Outstanding Ore Sorting Testwork Results for Mavis Lake dated 2 May 2024 This document contains information relating to Exploration Results in respect of the Gullwing Tot (Northern Prospects) project extracted from ASX market announcements reported previously and published on the ASX platform on 20 December 2022, 29 December 2022, 17 July 2023, 18 March 2024 and 17 April 2024. 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. www.criticalresources.com.au | info@criticalresources.com.au | Corporate Presentation | 17 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. www.criticalresources.com.au JORC Classification Li2O Cut-Off grade (%) Tonnage (Mt) Li2O (%) Inferred 0.3 8.0 1.07 | info@criticalresources.com.au | Corporate Presentation | 18 Main Zone Plan View and Section References B A A’ B’ www.criticalresources.com.au | info@criticalresources.com.au | Corporate Presentation | 19 Main Zone Long Section www.criticalresources.com.au | info@criticalresources.com.au | Corporate Presentation | 20 Ontario’s Lithium Landscape www.criticalresources.com.au | info@criticalresources.com.au | Corporate Presentation | 21