Announcement PDF Investor Presentation 29 April 2024 Building a MegaScale Ionic Rare Earth Project In Brazil Disclaimer This presentation has been prepared by Brazilian Critical Minerals limited (company) Competent person statement This important notice and disclaimer applies to this presentation and any information provided in relation to or in connection with the information contained in it. The information in this report that relates to exploration results is based on information compiled by Mr. Antonio de Castro, BSc (Hons), MAusIMM, CREA, who acts as BCM´s Senior Consulting Geologist through the consultancy firm, ADC Geologia Ltda. Mr. de Castro has sufficient experience which is relevant to the type of deposit under consideration and to the reporting of exploration results and analytical and metallurgical test work to qualify as a competent person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr. Castro consents to the report being issued in the form and context in which it appears. This presentation contains information in summary form. Some of the information is based on publicly available sources, has not been independently verified or may not be complete. It should be read in conjunction with the Company’s other continuous and periodic disclosure announcements lodged with Australian Securities Exchange, which are available at www.asx.com.au. This presentation contains forward-looking statements which involve a number of risks and uncertainties. These statements reflect current expectations, intentions or strategies regarding the future and assumptions based on currently available information. Should one or more of the risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary from the expectations, intentions and strategies described in this presentation. No representation or warranty is made as to the accuracy, completeness, reliability, fairness, or correctness of the information contained in this presentation. To the maximum extent permitted by law, no person, including the company and their related bodies corporate, officers, employees, and representatives (including agents and advisors), accept any liability or responsibility for loss arising from the use of such information. This presentation is not a bidder’s statement, prospectus or a product disclosure statement under the Corporations Act 2001 (Cth) or offering document under any other law. It has not been lodged with the Australian Securities and Investments Commission. This presentation is for information purposes only and is not financial product or investment advice or intended to be used as a basis for making an investment decision. It has been prepared without taking into account the investment objectives, financial circumstances, taxation position or particular needs of investors. This presentation does not constitute an offer to issue or sell, or to arrange to sell, securities or other financial products. In particular, this presentation and the information contained in it does not constitute a solicitation, offer or invitation to buy, subscribe for or sell any security in the United States or to or for the account or benefit of any U.S. Person (as defined in Regulation S under the U.S. Securities Act of 1933, as amended (the US Securities Act)). The securities referred to in this presentation as being offered or sold have not been, and will not be, registered under the US Securities Act. Securities may not be offered or sold in the United States unless they have been registered under the US Securities Act or an exemption from registration is available. The release, publication or distribution of this presentation in jurisdictions outside Australia may be restricted by law. Any failure to comply with such restrictions may constitute a violation of applicable securities laws. Exploration results and mineral resources The information in this Presentation that relates to Exploration Results and Adelar target Mineral Resources is based upon and fairly represents information previously released to the ASX on 26 May 2022, 30 May 2022, 1 June 2022, 9 June 2022, 10 June 2022, 5 July 2022, 7 July 2022, 14 July 2022, 21 July 2022, 27 July 2022, 29 July 2022, 5 August 2022, 19 August 2022, 26 August 2022, 2 September 2022, 9 September 2022, 16 September 2022, 23 September 2022, 4 October 2022, 14 October 2022, and 25 October 2022. The information in this Presentation that relates to REE Exploration Results and EMA Mineral Resources is based upon and fairly represents information previously released to ASX on 22 May 2023, 17 July 2023, 19 July 2023, 31 July 2023, 13 September 2023, 19 October 2023, 06 December 2023, 06 February 2024, 22 February 2024, 13 March 2024, 02 April 2024 and 22 April 2024. The Company confirms that it is not aware of any new information or data that materially affects the information included in the relevant market announcement and, in the case of mineral resource estimate, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. Brazilian REE Landscape EMA Rare Earths Apuí Rare Earths EMA Rare Earths Apuí Rare Earths Três Estados Serra Verde 30 km south from Apuí Caldera Project Três Estados PGE 60 km south from Apuí Brazilian Rare Earths Brazil - Large Mining Country 250B 86.2B R$ Revenue R$ Taxes & Tributes 7.3k 2.25M US$50 billion in total capex investment predicted for the 2023-2027 period. 77% of Brazil’s energy produced from renewable sources at two cents per kilowatt hour. ‘’Brazil is one of the few countries with good relations between the West and the East, allowing it to work with many different countries” ideal for rare earths production. Source: Global Business Reports, Brazil Mining 2023 KPMG, IBRAM, Instituto Brasileiro de Geografia e Estatistica 2022, United Nations 2022, Banco Central 2023 >90 Minerals Produced Companies Indirect Jobs 204k 1.05B Direct Jobs Estimated Production What makes Ema Unique >1Bt - large tonnage Low-cost mining Low-cost processing 31% MREO composition <50% of area drilled Up to 83% - exceptional recoveries of the big 4 REE elements Low 30min leach times pH4 leaching or higher Ambient temperature leaching Low dosage <2% Ammonia sulphate addition ASX REE Peers Market Cap $667M $438M $18.5M BCM $74M $67M VMM IXR ASX Companies as of close 26.04.24 MEI BRE 31% MREO class leading Light Rare Earth Elements 59 60 Pr ✓ Electric Vehicles Wind Turbines 66 Nd Praseodymium ✓ Heavy Rare Earth Elements Dy Neodymium ✓ ✓ ✓ Electric Vehicles Wind Turbines Semiconductors 65 Tb Dysprosium ✓ ✓ ✓ ✓ Electric Vehicles Wind Turbines Semiconductors Nuclear Reactors Terbium ✓ ✓ ✓ ✓ ✓ LREE Composition 28% Electric Vehicles Wind Turbines Semiconductors Xray’s High Temp Fuel Cells HREE Composition 3% EMA Rare Earths Significant Ionic REE deposit - one of the worlds largest tonnage fully ionic REE deposits >1Bt - mineralisation maximum 30m below surface - huge upside for expansion of tonnes and grade - sg of only 1.34g/cc utilised - high-grade core of 331Mt @ 977ppm - MREO content 31% of basket - some of the best recoveries for any ionic clay deposit Ema deposit is similar to most common iREE deposits in China. These deposits account for nearly 38% of ionic production in South China. These deposits are typified by good quality, a high percentage of iREEs (>65%), and high metallurgical recoveries. Apui Town Ema Project Madeira State of Amazonas Brazilian Rare Earths Landscape ● Two large tenements – 189km2 ● 1.02Bt Mineral Resource ● REE APUI REE PROJECT EMA REE Project REE ● ● REE REE Rhyolite hosted – very similar to Chinese Ionic REE producers Mineralisation from surface Large Area – <50% drilled, potential for large addition to resource REE REE APUI REE Project REE PGM ● Newly acquired, seven tenements totally 510km2 ● Significant results including 5m at 1,942 ppm TREO. ● EMA REE PROJECT REE REE Similar mineralization and surface proximity to Emma REE Project EMA Rare Earths ● High-grade zone (>1000ppm TREO) extends over 12 km2 ● Consistent MREO high-grades in the lower horizon (31% of basket) ● Mineralisation open in all directions ● Mineral Resource Estimation only over 46% covering only 82km2 drilled of the 189km2 available Significant results: • 8m@1098ppm TREO from 6m (TR-096); including 5m@1327ppm TREO ending in 1478ppm TREO • 10m@1069ppm TREO from 11m (TR-091), including 5m@1300ppm TREO ending in 1329ppm TREO • 7m@1149ppm TREO from 10m (TR-101), including 5m@1354ppm TREO ending in 1526ppm TREO • 7m@1038ppm TREO from 7m (TR-102), including, 5m@1120ppm TREO ending in 898ppm TREO • 10m@1059ppm TREO from 10m (TR-110) including 5m@1202ppm TREO ending in 941ppm TREO • 8m@921ppm TREO from 10m (TR-092), including 3m@1436ppm TREO ending in 1880ppm TREO EMA Rare Earths Ema REE Project 2024 Global Mineral Resource Estimate-@COG 500ppm TREO JORC Category Tonnes Mt TREO ppm Pr6O11 ppm Nd2O3 ppm Tb4O7 ppm Dy2O3 ppm MREO ppm MREO:TREO % Inferred 1,017 793 45 154 4 13 216 27 Ema REE Project 2024 Mineral Resource Estimate – by cut-off grade JORC Category cut-off ppm TREO Tonnes Mt TREO ppm NdPr ppm DyTb ppm MREO ppm MREO:TREO % Inferred 0 1,340 694 163 15 178 26 Inferred 500 1,017 793 199 17 216 27 Inferred 600 863 836 218 18 236 28 Inferred 700 685 885 237 20 257 29 Inferred 800 494 936 259 21 280 30 Inferred 900 331 977 278 22 300 31 sg 1.34g/cc 46% of area drilled 31% MREO EMA Rare Earths Fully ionic clay deposit Ema REE Project 2024 Mineral Resource Estimate – by cut-off grade TREO Grade x Tonnage 1,600 1200 1,400 1000 Tonnes (Mt) 1,200 800 1,000 800 600 600 400 400 200 0 200 0 500 600 700 800 TREO Cut-Off Grade (ppm) Tonnage (Mt) TREO (ppm) 900 0 • Large volume • High-grade core • Low impurities • High recoveries Rare Earth Clay Deposits 3500 3000 Meteoric Grade (ppm) 2500 In-Production 2000 Aclara Typical IAC Grade Range 1500 OD6 BRE Xunwu 1000 Tantalus 500 Serra Verde EMA Ionic 0 200 400 600 Tonnes (kt) 800 1000 1200 Ema metallurgical results Intercept (m) Nd % recovery Pr % recovery Dy% recovery Tb% recovery TR-1013000 10 76 74 47 54 TR-059 6 66 61 56 83 TR-071 13 71 62 45 52 TR-059 5 66 66 52 55 10 65 61 43 50 Hole Grade (ppm) 2500 2000 TR-110 ∙ 1500 Outstanding recoveries of magnetic rare earth oxides (MREO), up to 83%, from metallurgical testwork ∙ Recoveries achieved using standard weak ammonium sulphate leaching solution, pH 4, at 1000 ambient temperatures over low leach times of only 30 minutes duration ∙ Leachability response now confirms majority portion of the defined 82km2 of rare earth mineralisation contains ionic clays 500 ∙ Remaining 107km2 of the Ema project remains un-drilled and un-tested ∙ Results demonstrate mineralisation is suited to processing through conventional processing facilities common in China 0 ∙ Further metallurgical optimisation and flowsheet development work has commenced at the ANSTO facility in Sydney Tonnes (kt) • pH4 • 30min leaching • Ambient temps • Very low ammonia sulphate dosage Fully ionic clay deposit 1200 Significant Future Global Demand Nd & Pr (kt REE) 200 +139% 150 100 50 0 2023 Supply 2023 2030 2040 2050 “Magnet demand to remain the largest growing sector for rare earths” Source: Project Blue Rare Earths Market Intelligence, April 2024 Company Presentation EV’s & Wind turbines driving demand Additional new Mines needed by 2030 Next Steps for EMA Scheduled program of activities Rapidly advancing Q1 Q2 Q3 Q4 2024 2024 2024 2024 MRE Upgrade Infill Drilling Results suggest that the Ema deposit is similar to most common iREE deposits in China. These are deposits developed on top of felsic volcanic rocks and account for nearly 38% of the total of such type deposits in South China. Infill Drilling to Indicated Category to commence Extensional Drilling Drilling at Ema portions currently un-explored Regional Exploration Drilling at Loosehead & Tighthead Met Optimisation These deposits are typified by good quality, a high percentage of iREEs (>65%), and high metallurgical recoveries. MRE Estimated and released Scoping Study Refine & Optimise Recovery Process - Determine process strategy with ANSTO Commence Scoping Study Why Invest Strong Demand for REEs & PGMs − − − − Strong demand driven by clean energy technologies. Excellent bioleaching results to date (~16g/t Pd 8-10 x upgrade) PGM MRE upgrade expected following completion of bioleaching pilot plant testing. PGMs highly important to hydrogen technologies. Large Ionic Clay REE − Two key REE projects covering a huge area of over 700km2. − >1Bt maiden resource − High grade of 331Mt @ 977ppm − Mineralisation at surface − <50% of tenements are drilled Exceptional REE Ionic Opportunity − − − Low cost open pit mining methods − REE demand continues to grow for EV and wind energy markets. − EV sales expected to increase to 80m units per annum by 2050 − − − − Metallurgical tests confirm deposit is fully ionic Outstanding recovery results to date are world class Ore leaches easily with cheap low strength low dosage acid Quick leaching over 30mins Leaching at ambiernt temperatures Low reagent stength required, high impurity rejection in final product Corporate Overview Shares on Issue 2.5C Share Price (19/4/2024) 49.2M Performance Rights 18.5M Market Cap Non-Executive Chairman Board of Directors 740M Jeremy Robinson Andrew Reid Managing Director Ken Kluksdahl Non-Executive Director Abby Smith Non-Executive Director Investor Milestones Rare Earths ● Emerging REE explorer/developer PGMs ● ● 9 tenements totalling 700KM2 ● >1Bt Mineral Resource ● ● Aggressive auger drilling program ● ● Exceptional REE recoveries ● to commence ● <50% of tenement drilled ● Tres Estados project – PGM open pit resource Bioleach optimisation has produced significant results Physical metal recovery following bioleaching process Bioleaching pilot plant underway MRE upgrade - based on bioleach re-assay Três Estados Precious Metals Geology and mineralisation − Tenement located over a series of gabbroic intrusions defined by prominent E-W and NESW magnetic anomalies, local gold-in-soil geochemical anomalies and shallow artisanal gold workings; − The principal NE-SW magnetic feature and geochemical anomaly is about 1 km wide and 4km long; JORC resource − − − MRE containing 725,230 ounces of combined platinum, palladium, iridium, rhodium and gold. The MRE covers only 9% of the known gabbroic bodies at Tres Estados; The Mineral Resource is located at or near surface and is very amenable to surface mining techniques. Apui Town Tres Estados Project Apui State of Amazonas Três Estados Precious Metals Bioleach test work − − − − Highly positive bioleach recoveries (16.2 g/t PGM) following 8-day leach. Apui Town Tres Estados Project In-country (Brazil) lab scale pilot plant operating Significant MRE upgrade following bioleach assays. Metal recovered following bioleaching process Apui State of Amazonas Três Estados Precious Metals Mineral resource estimate Inferred JORC Mineral Resource Estimate for Três Estados contains a total of 725,300 ounces of combined platinum, palladium, iridium, rhodium and gold. Adelar Target Zone Class Oxide Fresh Inferred Total Tonnes Mt Pt g/t Rh g/t Pd g/t Au g/t Ir g/t 5E PGM g/t 5E PGM koz 4.98 0.874 0.015 0.015 0.016 0.126 1.047 167.6 13.16 0.919 0.017 0.010 0.040 0.158 1.144 484.2 18.14 0.907 0.016 0.012 0.033 0.149 1.117 651.7 Tonnes Mt Pt g/t Rh g/t Pd g/t Au g/t Ir g/t 5E PGM g/t 5E PGM koz 0.65 1.73 - - - 0.001 1.731 36.2 0.86 1.21 - - - 0.147 1.357 37.4 1.51 1.43 - - - 0.083 1.513 73.5 Tabocal Target Zone Class Oxide Fresh Total Inferred Summed amounts may not add due to rounding. SGS Lab Assay results during bio treatment 1,4 15.30 Pd Grade (ppm) 15 10.90 10 8.77 15.90 177 x 11.70 9.46 0.62 0.52 5 0.04 0.09 1.27 0.07 2.39 0.21 0.27 0.21 0 24 48 0,8 0,4 0,2 0.10 0 1,0 0,6 16 x 0.34 1,2 0,0 72 96 120 Bioleaching Time (h) Gold Palladium 144 168 192 Au Grade (ppm) 20 Bioleaching Process Pilot Plant Testing - Texas Testing during 2023 resulted in significant uplifts in Platinum and Gold grades by a factor of 176 and 16 over analysis with fire assay. Positive results demonstrate the suitability of this bioleaching process. Full optimisation expected to be completed by Q4 2023. Pilot Plant Testing - in Brazil Pilot plant is now fully functional in Brazil, at BCM’s existing laboratory in Catalão. Major metallurgical program has commenced to determine PGE recoveries, operating efficiency, and cost profile. Analysis will continue throughout 2024. “ Unlocking Earth's riches sustainably with bioleaching excellence ” Bioleaching Testing Testing of all drill holes from the Três Estados MRE area to be completed. Complete 3rd party independent analysis of results Re-calculate and updated MRE upon successful results. Brazil Av. Jornalista Ricardo Marinho 360 Ed. Cosmopolitan Sala 113 CEP: 22631-350 Barra da Tijuca – Rio de Janeiro – RJ – Brasil Australia Level 11, 125 St Georges Terrace, Perth WA 6000 Thank You. Date retrieved 12 March 2024 References – Mineral Resources Tonnes (Mt) Grade (ppm) BCM 1017 793 Brazilian Critical Minerals (ASX:BCM) Massive Maiden Mineral Resource for Ema Project 22.04.24 Aclara 168 1,510 Aclara (TSX:ARA) Aclara delivers a positive PEA for its Carina Project in Goias, Brazil 23.01.24 Australian Rare Earths 186 712 Australian Rare EARTHS (ASX:AR3) 84% Increase in Resource for Koppamurra REE Project 19.03.24 485 1071 Brazilian Rare Earths (ASX:BRE) Prospectus - Part 1 19.12.23 Ionic Rare Earths 532 640 Ionic Rare Earths (ASX:IXR) Major Increase to Globally Significant Rare Earth Resource 23.06.20 Longnan 48 1,000 Research Reports Meteoric 409 2,626 Meteoric Resources (ASX:MEI) Caldeira REE Project Maiden Mineral Resource 01.05.23 OD6 Metals 344 1,308 OD6 (ASX:OD6) Splinter Rock Maiden Mineral Resource 18.07.23 Serra Verde 911 1,200 Research Reports Tantalus Rare Earths 435 800 Tantalus Rare Earths AG: Tantalus Rare Earths AG resource update published for the companies rare earths project in Madagascar with valuable results 17.12.14 West Cobar Metals 83 1,117 West Cobar Metals (ASX:WC1) Salazar Clay - REE Resource Quadruples 09.08.23 Xinfeng 162 900 Research Reports Xunwu 710 1,100 Research Reports Company Brazilian Rare Earths Reference