Announcement PDF Investor Presentation 5 December 2024 ISR Rare Earths A Green, Low Cost Production Model Disclaimer This presentation has been prepared by Brazilan 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. The information in this report that relates to exploration results released by the Company to the ASX on 2 April, 22 April, 3 May and 7 May 2024 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. 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. Refer to ASX announcement dated 22 April 2024. Exploration results and mineral resources The information in this Presentation that relates to Exploration Results and Mineral Resources is based upon and fairly represents information previously released to the ASX on 22 May 2023, 6 June 2023, 17 July 2023, 31 July 2023, 13 September 2023, 3 October 2023, 19 October 2023, 7 December 2023, 29 January 2024, 6 February 2024, 22 February 2024, 13 March 2024, 3 April 2024, 22 April 2024, 3 May 2024, 20 May 2024, 8 July 2024, 2 August 2024 and 6 August 2024. This presentation has been approved for release by the Board of Directors. 2024 - a lot with a little 1.02Bt MRE (April) Scoping Study Focus on low cost ISR mining 55% High value MREC confirmed (November) Field Permeability Testing 68% NdPr Recoveries (March) Infill MRE Drilling Magnets Non-bindingMoU signed with producer (September) ANSTO Metallurgical Testing $2.5m Environmental Baseline Assessment Placement raising (May/October) Brazilian REE Landscape EMA Rare Earths Apuí Rare Earths $11M1 Brazilian Rare Earths Serra Verde EMA Rare Earths – >1Bt MRE Apuí Rare Earths 30 km south from Apuí $555M1 Caldera Project $211M1 1. www.asx.com.au 28.11.24 Rare Earth Clay Deposits 3500 3000 Grade (ppm) 2500 Meteoric Viridis In-Production 2000 1500 Aclara OD6 BRE 1000 Serra Verde Xunwu EMA Harena Ionic 500 Typical IAC Grade Range 0 200 400 600 Tonnes (kt) 800 1000 1200 See Appendix 1 for full reference list Large Resource Base Ema REE Project 2024 Mineral Resource Estimate 977 331M TREO ppm Tonnes Mt 31% 300 MREO:TREO NdPr + DyTb ppm 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 900 331 977 278 22 300 31 World’s first fully green REE project Large Resource Base 1.02 Billion tonnes, material close to surface, suitable for ISR mining. Lower Capital Lower Capital & Operating Cost High Grade MREC confirmed Large Resource Base 1.02Bt ISR offers a lower capital expenditure to first cash flow, eliminates all mining costs, has 60% fewer processing steps involved to final product. Lower Impact Mining No mining No blasting No waste rock, No noise, No dust and No large tailings dams or large open pits. Magnesium based green reagents suitable for ISR In-situ recovery mining The most cost effective, environmentally friendly method available RIGHT RIGHT RIGHT Geology Style of Mineralisation Confining Layer Weathering less than 20m deep Ore grades directly above bedrock Non-fractured bedrock at shallow depths RIGHT Chemistry RIGHT Reagents RIGHT High recoveries and Ionic leaching Reagents with no detrimental effects on the environment MREC with 99% purity Product In-situ recovery is a well understood rare earth mining method ~ 30% of current world production use in situ-leach recovery NO Land Clearing NO Noisy Dusty Tuck Haulage NO Open Pit Mining NO Large Processing Facility NO Dirty Mining Equipment NO Need for Reclamation In-Situ (REE) Recovery ~30% of the world’s production Reagent injection well • Low Capex, Low Opex • Proven decades old technology • Only green reagents utilised REE collection trench Leaching zone REE-rich solution Basement rock • Using gravity as our natural pumping system • Readily leachable solution laden with rare earths • ISR accelerates natural processes in the ground Substantially Reduced Flow Sheet 1 2 4 3 Aclara and Meteoric Proposed Flow Sheet Top Soil Impurity Removal Precipitation MREC Mining Direction Clays Recycling Water Fertilizer Ionic Exchange Impurity Removal Rare Earths Carbonate Precipitation Mixed Rare Earths Carbonate Saprolite Saprock (orezone) recycled reagents Mining Direction Backfill of Clays to Mine Clays Clays Washing Nanofiltration and Reverse Osmosis Clays Water Rare Earths Basement Rock Insitu leach 4 Step process flow sheet Opportunities to substantially reduce CAPEX and OPEX Tank (VAT) leach 10 Step process flow sheet Commercial ISR Projects Malaysia ISR Mining Rare Earths in Malaysia ISR construction and setup reagent storage • I – inground leaching 2 Impurity removal 3 Precipitation of REE’s 4 Production of MREC • S - simple (tanks and pipes) • R - rapid leaching kinetics enhance the viability • Cost effective • Quick establishment • Low opex https://mcreresources.com/ Superior Basket Price FINAL MREC Head Grade (ppm) Agent Time pH Molar BCM VMM1 MEI1 965 Magnesium Sulfate 30 Minutes 4.5 0.3 4,472 Ammonium Sulfate 30 Minutes 4.5 0.3 4,439 Ammonium Sulfate 30 Minutes 4.5 0.5 % Basket $ % Basket $ % La2O3 CeO2 Pr6O11 Nd2O3 Sm2O3 Eu2O3 Gd2O3 Tb4O7 Dy2O3 Ho2O3 Er2O3 Tm2O3 Yb2O3 Price (01.11.24) USD/kg $ 0.56 $ 1.01 $ 60.45 $ 60.45 $ 2.10 $ 27.35 $ 24.68 $ 839.95 $ 247.42 $ 72.54 $ 42.60 $ 113.31 $ 14.06 34.7 8.9 7.1 29.1 4.6 0.5 2.9 0.3 1.4 0.2 0.7 0.1 0.6 $ $ $ $ $ $ $ $ $ $ $ $ $ 0.19 0.09 4.31 17.61 0.10 0.15 0.71 2.28 3.39 0.18 0.30 0.11 0.08 44.5 2.4 8.3 29.2 3.2 0.8 2.1 0.3 1.2 0.2 0.5 0.1 0.3 $ $ $ $ $ $ $ $ $ $ $ $ $ 0.25 0.02 5.04 17.62 0.07 0.23 0.52 2.18 2.92 0.15 0.20 0.06 0.04 57.6 1.4 8.6 22.0 2.4 0.6 1.5 0.2 0.8 0.1 0.3 0.0 0.1 $ $ $ $ $ $ $ $ $ $ $ $ $ 0.32 0.01 5.17 13.30 0.05 0.16 0.37 1.68 1.98 0.07 0.13 0.01 0.01 Lu2O3 Y2O3 $ $ 0.1 $ $ 0.64 0.51 0.0 8.7 6.9 $ $ 0.30 0.41 0.0 4.5 $ $ 0.08 0.27 Oxide 759.12 5.90 Basket $ Basket Price (TREO) $ 30.66 $ 30.01 $ 23.61 Basket Price (NdPrDyTb) $ 27.59 $ 27.76 $ 22.12 MREO % TREO % 37.9 100.0 38.9 100.0 90% Magnet value in Basket 38% MREO:TREO – leading composition for Ionic Clay $30.66 Value of Basket – highest for Ionic clay 31.6 100.0 1 Viridis Mining and Minerals (ASX:VMM) ASX Announcement “Colossus Maiden Mixed Rare Earth Carbonate (MREC) Product 24.09.24 Leach Recoveries to Date REE Mining Impurity Removal REE Leaching REE Precipitation MREC Production Test Reagent Target pH Temp °C Leach Duration MREE (%) Leaching Type 1 0.5 (NH4)2SO4 4.5 ambient 2 hrs 68 VAT (tank) leaching 2 0.5M MgSO4 4.5 ambient 18 days 63 Heap Leaching 3 MgSO4 Field pumping trials to commence in Q4 2024 In-Situ Leaching • In-situ leaching trials to commence in the coming months • Leaching with Magnesium Sulfate is the most environmentally friendly reagent as it contains no nitrogen 1. (ASX:BCM) World Leading Recoveries Confirmed at Ema Project 07.05.24 2. (ASX: BCM) Excellent Heap Leach Recoveries Ema Project 06.08.24 Very Low Impurities in Final Product (MREC) REE Mining % in MREC REE Leaching Impurity Removal REE Precipitation MREC Production Uranium (U) Thorium (Th) Aluminium (Al) Iron (Fe) Calcium (Ca) Silica (Si) 0.01 <0.001 0.52 <0.06 0.05 <0.2 • ~2.0% Impurities in final MREC • 98% purity of MREC • Residence time of only 30 minutes once desired pH was achieved • Results achieved using Magnesium Sulfate – no harmful ammonia required 1. (ASX: BCM) Ema Project Achieves Low Impurities 02.08.24 REE Precipitatoin REE Mining 1MREC REE Leaching Impurity Removal REE Precipitation MREC Production MREO:TREO TREO in MREC Precipitation Recoveries Basket Value La & Ce content DyTb 38% 55.3% 99% US$30.66/kg 43.6 1.7% • High content, 38%, of magnet elements (MREO) in MREC • High content, 55.3%, of total rare earth oxides (TREO) in final MREC • Extremely high recoveries of >99% through precipitation phase • Class leading basket prices, $30.66, for a fully ionic clay deposit relative to peers • Lower quantities, 43.6%, of less desirable elements Lanthinime (La) and Cerium (Ce) in MREC • Mine to MREC utilising green magnesium based reagents 1. (ASX: BCM) 11.11.24 High-Value Mixed rare Earth Carbonate Produced for Ema Capex - Hard Rock vs Soft Rock 2000 Hard Rock 1.6B Ionic Clay (VAT leach) 1500 1000 Clay (heap leach) 948M 822M 600M 500 173M 0 See Appendix 2. for full capital allocation listing details USD : AUD 0.7 BCM goal (ISR 10-15% of conventional mines1) 1. United States Nuclear Regulatory Commisions www.nrc.gov TradeTech – the nuclear review (October 2016) Opex – ISR Target Production Low cost structure will underpin strong cashflow, and weather the storm of depressed rare earth prices ISR Rare Earths targeting lower end of cash cost curve. currently produces ~20-30% of world supply ISR in Uranium dominates lowest cost production producing >55%1 of world supply $80 40000 ~20-30% of world supply Lowest cost production method $60 30000 $40 US$/tREO Equiv. US$/pound Uranium >55%1 of world supply. Lowest cost production method ISR in Kazakhstan and Uzbekistan $20 20000 ISR World Supply 10000 $0 0 1 50 100 150 (m) Pound Uranium 1 https://world-nuclear.org/information-library/nuclear-fuel-cycle/mining-of-uranium/insitu-leach-mining-of-uranium 191 92,750 165,500 248,250 331,000 (t) REO U.S. geological Survey, Mineral Commodity Summaries, January 2024 China’s Ministry of Industry and Information TechnologyProject Logistics Route Amazonas Chibato Port Brazil Autazes ∙ trucking 130kms from Ema project to Prainha ∙ 600t barges make regular return trips along the river Aripuana and Madeira from Prainha to the Port of Chibatão ∙ 770kms to Chibatão, one of the largest floating ports in Latin America ∙ Port docks Panama sized vessels ∙ Easy connections to US, Europe or Asia Amazonas Novo Aripuanã Manicoré Para Prainha Port EMA Project operating costs Minimal noise, dust, greenhouse gas impact Cost efficiency Responsible mining Lower capital and The most environmentally friendly way to mine Safer for mine workers and surrounding communities Green mining Enhanced protection Minimal visual disturbance Minimal disruption No creation of open holes, waste dumps, leach pads or tailings Waste-free operations The Value of InSitu Recovery • Ionic REE are highly leachable • Rapid leaching kinetics enhance the viability of lower cost ISR mining Work fronts Rare Earths Rare Earths ● Large auger drilling program ● ● Increase MRE from Inferred to ● underway – mostly complete Indicated – estimate commenced ● Looking for 20 yr minelife as a ● ● MRE update – on track ● minimum for scoping study Environmental baseline study – ground work started ANSTO test work on impurity removal and final product precipitation - complete Scoping Study to define economics – Q4 completion In-Situ leach lab and field trials testwork – Stage 1 complete Tax Incentive - Sudam −A hub for industrial activity in Brazil. Established in 1967 Incentive Investments in Amazon Development Superintendence (SUDAM) Description Reduces corporate income tax by 55% for a 10 year period Requirements Approval by SUDAM (responsible regulatory agency) “Corporate Income tax reduction from 34% to 15.25%.” “www.taxand.com” Corporate Overview Shares on Issue 1.1C Share Price (28/11/2024) 229M Options on issue Performance Rights 10.7M Market Cap Board of Directors 889M 8M Jeremy Robinson Non-Executive Chairman Andrew Reid Managing Director Ben Donovan Non-Executive Director Brazil Av. Jornalista Ricardo Marinho 360 Ed. Cosmopolitan Sala 113 CEP: 22631-350 Barra da Tijuca – Rio de Janeiro – RJ – Brasil Australia Level 28, 140 St Georges Terrace, Perth WA 6000 Thank You. Date retrieved 16 August 2024 Appendix 1 – Mineral Resources Tonnes (Mt) Grade (ppm) Measured: Indicated: Inferred ratio (Mt) BCM 1017 793 0 : 0 : 1017 Aclara 258 1,452 0 : 0 : 258 Australian Rare Earths 186 712 0 : 0 : 186 Brazilian Rare Earths 485 1071 0 : 0 : 485 Brazilian Rare Earths (ASX:BRE) Prospectus - Part 1 19.12.23 Ionic Rare Earths 617 630 0 : 517 : 99 Ionic Rare Earths (ASX:IXR) Major Increase to Globally Significant Rare Earth Resource 23.06.20 Longnan 48 1,000 0 : 0 : 48 Research Reports Meteoric 740 2,572 11 : 297 : 431 Meteoric Resources (ASX:MEI) Updated Figueira Mineral Resource Estimate 05.08.24 OD6 Metals 628 1,338 0 : 0 : 628 OD6 (ASX:OD6) Mineral Resource Estimate Upgrade Investor Presentation 29.05.24 Serra Verde 911 1,200 n/a Harena Resources 628 895 0 : 0 : 628 https://harenaresources.com.au/ampasindava-rare-earths-project/ VMM 201 2,590 0 : 62 : 139 Viridis Mining and Minerals (ASX:VMM) Globally Significant Colossus Rare Earth Ionic Adsorption Clay Project Maiden Mineral Resource Estimate 04.06.20 West Cobar Metals 83 1,117 0 : 39 : 151 West Cobar Metals (ASX:WC1) Salazar Clay - REE Resource Quadruples 09.08.23 Xinfeng 162 900 n/a Research Reports Xunwu 710 1,100 n/a Research Reports Company Reference Brazilian Critical Minerals (ASX:BCM) Massive Maiden Mineral Resource for Ema Project 22.04.24 Aclara (TSX:ARA) Aclara announces 77% increase in inferred mineral resources at Carina Module In Goias, Brazil 09.08.24 Australian Rare EARTHS (ASX:AR3) 84% Increase in Resource for Koppamurra REE Project 19.03.24 Research Reports