Announcement PDF CRITICAL TO OUR FUTURE “A Clean Mine powering Clean Energy” Ema Rare Earth Project June 2026 Bankable Feasibility Study Disclaimer This presentation has been prepared by Brazilan Critical Minerals limited (company). 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. 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. Competent person statement 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. 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. 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 01 July 2025. Exploration results and mineral resources The information in this announcement relates to previously reported exploration results and mineral resource estimates for the Ema Project released by the Company to ASX on 22 May 2023, 17 July 2023, 19 July 2023, 31 July 2023, 13 Sep 2023, 19 Oct 2023, 06 Dec 2023, 06 Feb 2024, 22 Feb 2024, 13 Mar 2024, 02 Apr 2024, 08 Oct 2024 19 Nov 2024, 21 Jan 2025, 17th Feb 2025, 26th Feb 2025, 10th March 2025, 13th March 2025, 28th April 2025, 27th May 2025, 28th May, 13 June 2025, 01 July 2025, 18 August 2025, 01 Sep 2025, 22 Sep 2025 and 23 Oct 2025, 1 Dec 2025, 17 Dec 2025, 12 Jan 2026 and 03 Mar 2026. The Company confirms that is not aware of any new information or data that materially affects the information included in the above- mentioned releases and CONTINUES TO APPLY and have not materially changed in accordance with listing Rule 5.23.2. This presentation has been approved by the Board of Directors. BFS Highlights EMA Rare Earth Project Superior Return on Investment US $1.47B Post-tax NPV Strong Capital Efficiency IRR 105% Post-tax IRR Scalable Asset Potential US $152M Post-tax free Operating Cashflow Western Worlds Lowest US $74M Capex to Stage 1 Production Lowest Quartile Cost Curve US $8.84/kg Opex Costs per kg TREO (AISC) Rapid Payback Period 0.5 years Post-tax Common extraction technique 300-400 Operating ISR Mines Payability Estimate 70% High Composition of NdPr Mineral Resource 1.07 Bt Multi-Generational Mine Life Annual Production (LOM avg) 10,500t MREC 5,500t TREO 1,900t MREO Pre-production Capital US$74.0M includes 14.4% contingency Mine Life 20 years Cash Costs (C1) US$8.84/kg TREO US$22.44/kg MREO Free Cash Flow (post-tax Base Case Pricing) US$3,369M Free Cash Flow (post-tax High Case Pricing) US$4,239M Free Cash Flow pa (post- tax Base Case Pricing) US$152M NPV8 (post-tax Base Case) US$1,466M NPV8 (post-tax High Case) US$1,856M IRR (Base Case) 105% IRR (High Case) 124% Payback Period – Base Case ~0.5 years Brazilian Critical Minerals (ASX:BCM) : Ema BFS Delivers Exceptional Economics 30th June 2026 Low-Cost, High-Return Long-Life, Quick Return Key Financial Measures Cashflow & Earnings Metrics Unit Base Case High Case Annual Revenue US$M 265 318 Revenue (gross) US$M 5,436 6,526 Annual EBITDA US$M 219 271 Annual Operating Costs US$M 42 42 Annual Operating Costs US$/kg TREO 8.84 8.84 Annual AISC (inc. royalites) US$/kg TREO 13.02 13.02 Operating Annual Cashflow (post-tax) US$M 152 192 Project net cashflow (post-tax) US$M 3,353 4,220 NPV, returns and key metrics Unit Base Case High Case NPV8% (post-tax, ungeared) US$M 1,466 1,856 IRR (post-tax, nominal basis) % 105 124 Payback period (post-tax, from first production) Years 0.5 0.3 Capital efficiency (pre-tax NPV / capex) x 16 x 21 x Rare Earth Pricing (LOM) Unit Base Case High Case R$/US$ (long term forecast) USr 5.15 5.15 NdPr price forecast US$/kg 108 130 Dy price forecast US$/kg 1,583 1,900 Tb price forecast US$/kg 3,869 4,643 Ema Capable of Generating Significant Shareholder Returns Under Current Pricing 20 year plan – 2 processing plants • Ability to recycle lixiviant between operating wellfield pods • Long-life resource with substantial potential for future expansion • Strong Tier-1 economics combined with exceptional ESG credentials Capital and Operating Costs Capital Requirements Unit Base Case Pre-production capital (Stage 1) US$M 74 LOM sustaining capital expenditure US$ / year 12.95 Unit cash operating costs (Avg LOM) Unit Base Case Annual operating cost US$M 42.4 Annual operating cost US$/kg TREO 8.84 Annual AISC US$/kg TREO 13.02 Capex of US$74M inclusive of • US$19M carbon capture storage • 14.4% contingency Capital Efficiency (Stage 1 & 2) • 16x pre-tax NPV Stage 2 Expansion • Capex US$27M • 100% expansion of Stage 1 Brazilian Critical Minerals (ASX:BCM) : Ema BFS Delivers Exceptional Economics 30th June 2026 CAPEX US$M % of total Direct Costs Mechanical 28.84 39% Piping 6.85 9% Structural 6.99 9% Engineering 3.60 5% Other 20.30 28% Indirect Costs Mob – Plant & People 0.97 1% Site Establishment 1.30 2% Off-Site Management 1.89 3% Site Support 0.92 1% Other 2.04 3% Total 73.71 100% Capex Cost • Large cost centres are well field setup and plant earthworks • US$12.5M in Wellfield 1 development costs (Year 1 production only) • CCS US$19M (Stage 1 & 2 requirements) • Lowest Capex of any rare earth project in development producing an MREC Base Pricing - US$108*/kg NdPr avg High Pricing – US$130*/kg NdPr avg US$74M Capex – 0.5 year Payback Base Price NPV – US$1,466M (post-tax) High Price NPV – US$1,856M (post-tax) *Average LOM values US$3.4B US$4.2B LOM Production Cashflow & Earnings Metrics Unit BFS Scoping In-situ TREO Grade Leached ppm 732 743 MREO Recovery % 55 62 Average Annual Production t MREO 38,020 36,252 Total Production t REO 109,500 95,651 Total Production t MREC 210,500 173,000 Average Annual Production t MREO 1,900 1,813 Project net cashflow (post-tax) US$M 3,369 911 Brazilian Critical Minerals (ASX:BCM) : Ema BFS Delivers Exceptional Economics 30th June 2026 A New Standard for Low-Impact Mining Exceptional ESG credentials • Low greenhouse gas emissions • Minimal surface disturbance • No conventional mining or open pits • No waste-rock dumps • No tailings storage facility • Minimal noise and dust Operating Costs (Stage 1) • Reagents + Power 67% of Opex costs • Generator based site power (pumping + CO2 capture) • Magnesium Sulphate sourcing Brazil and ex-Brazil Operating Costs (Real LOM) ANNUAL COST PRODUCTION BASIS DISTRIBUTION US$M/A $/kg TREO % Fixed Costs Labour 3.13 0.98 15% Miscellaneous 0.61 0.19 3% Maintenance 1.76 0.55 9% G & A 1.05 0.33 5% Subtotal 6.55 2.06 32% Variable Costs Reagents 6.79 2.13 34% Logistics & Disposal 0.03 0.01 0% Electrical Power 6.58 2.07 33% Consumables 0.30 0.09 1% Subtotal 13.70 4.30 68% TOTAL BASE CASE 20.25 6.35 100% Labour 15% Miscellaneous 3% Maintenance 9% G & A 5% Reagents 34% Logistics & Disposal 0% Electrical Power 33% Consumables 1% Annual operating cost by Category Operating costs are presented on a single Stage 1 process plant above. LOM unit cash operating costs (C1) of US$8.84/kg TREO reported in Table 3 of the BFS Report are calculated on total site operating costs across Stage 1 & 2, divided by LOM average TREO of 5,500 tonnes per annum, inclusive of ramp- up periods. AISC by Category 67.5% reduction in the Corporate Income Tax lowering the rate from 25.0% to 8.13% Brazilian Critical Minerals (ASX:BCM) : Ema BFS Delivers Exceptional Economics 30th June 2026 $- $50 $100 $150 $200 $250 $300 $350 $- $50 $100 $150 $200 $250 $300 $350 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Gross Revenue US$M AISC Cost by Category US$M Operating Cost Depreciation Royalties Revenue LOM Price NdPr • US$108/kg Low All in Sustaining Cost • US$13.02/kg TREO • US$37.50/kg MREO High Margins and Profitability High NPV post tax Study Pricing Scenarios CIF North America Benchmark Mineral Intelligence Ltd: Base Case CIF North America NdPr Oxide Price 99.5%, Dy2O3 99.99%, Tb2O5 99.99% US$ Real June 2026 All other REE elements based on ExW-China prices Historical Prices: Open Source, adjusted for inflation 0 40 80 120 160 200 240 US$/kg NdPr oxide Historical Prices Base Case High Case Low Case Pricing LOM Avg Rare Earth Oxide Pricing (US$/kg) NdPr Ox Dy2O3 Tb2O5 *TREO Basket High Case 130 1,899 4,643 61 Base Case 108 1,583 3,869 51 Low Case 86 1,266 3,095 41 *Bakset price inclusive of payabilities Price Sensitivities Pricing LOM Avg Rare Earth Oxide Pricing (US$/kg) Post Tax NPV Post Tax IRR NdPr Ox (US$m) (%) High Case 130 1,855 124% Base Case 108 1,465 105% Low Case 86 1,075 84% Benchmark Mineral Intelligence Ltd: Base Case CIF North America NdPr Oxide Price 99.5%, Dy2O3 99.99%, Tb2O5 99.99% US$ Real June 2026 Historical Prices: Open Source, adjusted for inflation *TREO Basket: Based on prices NdPr Oxide Price 99.5%, Dy2O3 99.99%, Tb2O5 99.99% only. Zero payability attributed to all remaining oxides. Sensitivty to NdPr oxide price POST-TAX NPV (US$ M) -30% -20% -10% 0% 10% 20% 30% DyTb Price 1,168 1,267 1,366 1,465 1,564 1,663 1,762 NdPr Price 1,175 1,272 1,369 1,465 1,562 1,659 1,756 MgSO4 1,484 1,478 1,472 1,465 1,459 1,453 1,447 Recovery 1,283 1,405 1,461 1,465 1,468 1,473 1,478 CAPEX 1,485 1,478 1,472 1,465 1,459 1,452 1,446 BFS vs Scoping Unit Scoping BFS Date Feb 2025 June 2026 Project Ema Ema Mine Life years 20 20 Capex US$M 55 74 NPV (pre-tax) US$M 668 1,785 IRR (pre-tax) % 63 120 Price Forecast – Base Case US$/kg (NdPr) 60 108 NPV (post-tax) US$M 355 1,465 IRR (post-tax) % 52 105 Inclusive Capex Contingency % 35 14 Operating Cost (LOM) US$/kg TREO 6.15 8.84 Operating Cost (LOM) US$/kg MREO 16.24 22.44 Payability % 70 70 Capex - US$74M • 4 x increase in post-tax NPV • 102% increase in IRR • Capital effiency 16x (Stage 1 and 2) pre-tax NPV Cost Curve Analysis 0 5,000 10,000 15,000 20,000 25,000 30,000 BCM Ema Project Other Ionic Clay Projects China Ionic Clays Lynas Mt Weld MP Materials Mountain Pass Bayan Obo t REO BCM Ema Project (ISR) Rest of World Projects and Operations US$/tonne REO Source: Company reports, Public filings 190 Large Resource Base 732 TREO ppm 392M Indicated Tonnes Mt Global Mineral Resource Estimate – April 2026 37% Indicated Resource JORC Category cut-off ppm TREO Tonnes Mt TREO ppm NdPr ppm DyTb ppm MREO ppm MREO:TREO % Indicated 500 392 773 184 17 200 25 Inferred 500 681 712 168 15 184 25 *Total 500 1,071 732 174 16 190 25 Ema REE Project 2026 Mineral Resource Estimate 25% MREO:TREO NdPr + DyTb ppm Global MRE 943Mt is inclusive of Central Starter Zone total of 341Mt In-Situ (REE) Leaching most common form of REE extraction • Low establishment cost • Proven decades old technology • Using gravity as our natural pumping system • Readily leachable solution laden with rare earths • ISR accelerates natural processes in the ground In-Situ Leaching involves just three steps: • Inject a lixiviant (magnesium sulfate) • Dissolve or desorb the REE elements into solution using Mg ions • Pump the pregnant solution back for processing Liquid Collection Zone Leaching Injection Well Bedrock Clay Zone Leaching Solution To Plant Extraction Wells $50.75 Basket composition and price Scoping Pricing: https://giti.sg/markets/markets_files/89cdfc0a3db0583ce2caf7f5d3feec97-212.html BFS Pricing: Commissioned pricing from Benchmark Intelligence Ltd – June 2026 >95% Magnet value in Basket Value of Payability Basket per kg – Base Price assumption >34.5% MREO:TREO – strong DyTb composition for Ionic Clay Strong Basket Price – right elements MREC BASKET PRICE BFS Scoping June 2026 Feb 2025 Oxide US$/kg % Basket $ US$/kg % Basket $ La2O3 29.52 0.53 34.7 0.18 CeO2 16.47 1.14 8.9 0.10 NdPr (99.5%) 108 32.61 35.4 62 36.3 22.33 Sm2O3 3.99 2.09 4.6 0.10 Eu2O3 0.45 27.19 0.5 0.14 Gd2O3 2.56 23.15 2.9 0.67 Tb4O7 (99.9%) 3,869 0.29 11.06 859 0.3 2.33 Dy2O3 (99.5%) 1,583 1.65 26.09 243 1.4 3.33 Ho2O3 0.28 66.24 0.2 0.16 Er2O3 0.84 41.14 0.7 0.29 Tm2O3 0.10 112.4 0.1 0.11 Yb2O3 0.63 14.08 0.6 0.08 Lu2O3 0.06 718.2 0.1 0.61 Y2O3 10.55 5.72 8.7 0.50 Basket Price US$/kg (TREO) 30.94 Basket Price US$/kg (NdPrDyTb) 72.49 27.99 Potential payability (70%) 50.75 19.6 QUESTIONS