Announcement PDF Investor Presentation June 2025 First ISR Rare Earths on the ASX Ultra Low Capex Ultra Low Opex Production 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 announcement that relates to the Ema Mineral Resource is based on and fairly represents information compiled by Mr. Antonio de Castro (acts as BCM´s Senior Consulting Geologist through the consultancy firm, ADC Geologia Ltda) and Mr. Leonardo Rocha (associate of GE21 Consultoria Mineral Ltda). Mr. de Castro is a member of the Australasian Institute of Mining and Metallurgy, and Mr. Rocha is a member of Australasian Institute of Geoscientists. Both have sufficient experience of relevance to the styles of mineralisation and types of deposits under consideration, and to activities undertaken to qualify as Competent Persons as defined in the 2012 Edition of the Joint Ore Reserve Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr. de Castro is the Competent Person for the geological and mineralization model database (including all drilling information). Mr. Rocha is the Competent Person for the construction of the 3D geology/mineralisation model plus the mineral resource estimation. Mr Leonardo Rocha undertook a site visit to the Ema Project between July 11 and 15, 2024. Mr de Castro has planned, managed and/or conducted work programmes for the Ema/Ema East Project, including drilling. He has visited the site on numerous occasions. Mr. de Castro and Mr. Rocha consent to the inclusion in this report of the matters on their information in the form and context in which they appear. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and, in the case of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates in the original release continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the relevant original market announcements. Refer to the attached Appendices for further information on the Mineral Resource Estimate and metal equivalents. “Ema Rare Earth Project Scoping Study”, dated 26 February 2025. All material assumptions underpinning the production targets and forecast financial information derived from the production targets in the previous announcement continue to apply and have not materially changed and are considered preliminary in nature. 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, 6 August 2024, 19 August 2024, 8 October, 11 November, 19 November, 14 January, 21 January, 17 February and 25 February. This presentation has been approved for release by the Board of Directors. Investment Highlights 1 Tier-1 Scale Resource with High-Value Magnet Rare Earth Elements (REEs) The Ema Project hosts 943Mt @ 716ppm TREO, including a 341Mt starter zone with 26% high-value magnet REEs (Nd, Pr, Dy, Tb) — placing it among the largest ionic clay REE projects globally. 2 Innovative, Low-Cost Extraction via In-Situ Recovery (ISR) BCM is pioneering ISR for REEs outside China, offering a potentially low-cost, low-impact alternative to traditional mining. Early field trials show fluid breakthrough within 72 hours, validating permeability. 3 Exceptional Project Economics (Scoping Study, March 2025) The project delivers a post-tax NPV of US$498M and IRR of 55% with a 2-year payback. Capex of just US$55M (incl. 35% contingency) - highlights capital efficiency. 4 Experienced CEO and Board with extensive Rare Earths and MineBuilding Expertise Andrew Reid brings decades of mine development experience, including as COO of Hastings Technology Metals, advancing the Yangibana REE project. The recent inclusion of Nicholas Holthouse (ex-CEO of Meteoric Resources) provides further validation. 5 Equity Raising Capital Raise of $3.5m for the purpose of advancing the Ema Project though to BFS and offtake Corporate Overview $0.01 1.6b Current Share Price Shares on Issue (post completion) $12.5m $3.7m Market Capitalisation (post completion) Est. Cash post completion Shares Funds Raised Existing Shares on Issue1 1,062,958,588 - New Shares under the Offer2 500,000,000 A$4,000,000 Shares on issue post-Offer 1,562,958,588 - Market Capitalisation @ Offer Price A$12,503,669 - Capital Structure 1 Capital Structure excludes the following securities as at the Offer date: Options and Performance Rights on Issue: • BCMO (ASX:BCMO): 248.50M listed options, exercisable at $0.05, expiring 11 Jan 2026 • BCMOA (ASX:BCMOA): 48.14 listed options, exercisable at $0.12, expiring 31 Dec 2025 • BCMAD: 88.23m options, exercisable at $0.015, expiring 23 Dec 2027 • BCMAA: 3.00m options, exercisable at $0.05, expiring 20 Dec 2026 • BCMAE: 50.00m options, exercisable at $0.0175, expiring 15 Dec 2028 • BCMPR25: 16.00m performance rights • BCMAB: 28.50m performance rights Convertible Note held by Drake Special Situations LLC (Drake) of ~A$2.25 million was drawn (as of 31 March 2025) and A$0.9 million remains outstanding including accrued interest to the Offer date, convertible at $0.009 (or 10% below 5-day VWAP prior to conversion notice) into equity at Drake’s election. Maturity 15 December 2026. Refer BCM EGM notice 3 April 2025. 2 Assumes A$4.0 million Placement at the Offer Price Board of Directors Andrew Reid Nicholas Holthouse Managing Director Non-Executive Director Andrew has over 30 years’ global experience in geology, mine development, and operations. He was previously COO at Hastings Technology Metals, leading the Yangibana Rare Earths Project, and has held senior roles at Finders Resources, BCM International, and Paladin Energy. He also managed the Kevitsa polymetallic mine in Finland from construction through to operations. Nicholas is a mining executive with deep project development experience across rare earths and base metals. He was most recently CEO of Meteoric Resources, leading development of the Caldeira REE Project in Brazil. He previously served as COO at Hastings Technology Metals and held leadership roles at Merdeka Copper Gold, Finders Resources, and European Nickel. Jeremy Robinson Non-Executive Chairman Jeremy is a resources executive with 20 years’ experience across corporate finance and capital markets. He is Principal of Churchill Strategic Investments Group and has financed numerous ASX and TSX-listed explorers and developers. His background includes senior roles in strategy, M&A, and business development. Large Resource Base Central Starter Area Mineral Resource Estimate – February 2025 73% of Central Starter Area classified as Indicated Resource 746 341M TREO ppm Tonnes Mt 25% 190 MREO:TREO NdPr + DyTb ppm Ema REE Project 2025 Mineral Resource Estimate – Central Starter Zone JORC Category cut-off ppm TREO Tonnes Mt TREO ppm NdPr ppm DyTb ppm MREO ppm MREO:TREO % Indicated 500 248 759 176 16 192 25 Inferred 500 93 712 168 16 185 26 *Total 500 341 746 174 16 190 25 Ema REE Project 2025 Mineral Resource Estimate – Global MRE Ind + Inf 500 943 716 168 Global MRE 943Mt is inclusive of Central Starter Zone total of 341Mt 16 184 26 In-situ recovery mining The most cost effective, environmentally friendly method of mining 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 98% purity Product In-situ recovery is a well understood rare earth mining method Significant contributor to current world production output NO Land Clearing NO Noisy Dusty Tuck Haulage NO Open Pit Mining NO Large Processing Facility NO Dirty Mining Equipment NO Need for Reclamation Argus Media 2025 – Global Rare Earths market outlook February 2025 In-Situ REE Mining “highest margin REE operations World wide” • Readily leachable clays laden with rare earths • High proportion of silica ~50% in clay • Lower proportion of clay materials • Volumes of pores (air spaces) in the clay is sufficient for solution flow • Low Capex, Low Opex • Proven decades old technology • Only green reagents utilised Rare Earths • Using gravity as our natural pumping system • ISR accelerates natural processes in the ground Argus Media 2025 – Global Rare Earths market outlook February 2025 Simple Flow Sheet Enables low Capex – US$55M 1 2 3 4 Top Soil Impurity Removal Precipitation MREC Processing Plant Steps 2 – 3 -4 Saprolite Saprock (orezone) recycled reagents Basement Rock Insitu leach - low CAPEX - low OPEX Multiples lower Capex vs all other REE projects https://mcreresources.com/ Highly Profitable at US$60/kg NdPr (Spot Price) Annual Production (LOM avg) 8,700t MREC 4,800t TREO 1,800t MREO Pre-production Capital US$55M includes 35% contingency Cash Costs US$6.15/kg TREO US$16.95/kg NdPr Free Cash Flow (post-tax LOM) US$498M NPV8 (post-tax Spot) US$355M US$67Mpa IRR (LOM) Free Cash Flow (post-tax Spot) IRR (Spot) Mine Life US$48Mpa only Total free Cash (post-tax LOM) 20 years – starter area NPV8 (post-tax LOM) US$1.3B 55% 52% Payback Period ~2 years Brazilian Critical Minerals (ASX:BCM) : Ema Scoping Study – Outstanding Financial Metrics 26th February 2025 Capex and Operating Costs Capex Unit Spot LOM Pre-production capital expenditure US$M 55 55 LOM sustaining capital expenditure US$ / year 1.58 1.58 Unit cash operating costs Unit Spot LOM Annual operating cost US$M 29.4 29.4 Annual operating cost US$/kg TREO 6.15 6.15 Annual AISC US$/kg TREO 7.08 7.08 Brazilian Critical Minerals (ASX:BCM) : Ema Scoping Study – Outstanding Financial Metrics 25th February 2025 Capex of US$55M includes 35% contingency Lowest published Capex to produce high value mixed rare earth carbonate (MREC) In-situ recovery capable of producing REO at world’s lowest possible cost structure US$55M Capex – 2.4 year Payback Cumulative Net Cash Position US$M 1400 1200 1000 800 Expansion capital from cash flow 600 400 ~2.4 years payback 200 0 -1 1 2 3 4 5 6 7 8 -200 9 10 11 12 13 14 15 16 17 18 19 20 Years LOM @ US$74/kg NdPr LOM NPV – US$498M (post-tax) Spot NPV – US$355M (post-tax) Spot Price @ US$60/kg NdPr LOM Pricing - US$74*/kg NdPr avg Spot Pricing – US$60*/kg NdPr avg *LOM – US$60/kg NdPr first 4 years *Spot - US$60*/kg NdPr flat Long Life - Ultra Low Opex Annual Production Profile MREC tpa TREO tpa 40 MREO tpa Cost of production US$/kg TREO 12,000 Product Sales (t) 10,000 8,000 6,000 4,000 2,000 0 30 20 2 3 4 5 6 7 8 9 10 11 Years 12 13 14 15 16 17 18 19 20 MREC ~ 8,700tpa, inclusive of ~ 4,800tpa TREO, containing ~ 1,800tpa MREO Lowest All-in-Sustaining Opex of any Rare Earth Project 10 0 1 2024 REO Cash Cost Curve Opex (US$7.08/kg) 92,750 165,500 REO (t) 248,250 331,000 LOM (AISC) US$7.08/kg TREO Brazilian Critical Minerals (ASX:BCM) : Ema Scoping Study – Outstanding Financial Metrics 26th February 2025 Passes the Stress Test Post-tax (LOM) US$ • US$53/kg NdPr – 40% lower than LOM Base Case (NPV US$498M, IRR 55%) (US$M) $53/kg NdPr $60/kg NdPr $53/kg NdPr flat flat NPV 394 355 Discount Rate 8% IRR CE (NPV/Capex) Price (US$74/kg), escalated in year 5 Opex 50% higher Plant Capex 50% higher 265 398 461 8% 8% 8% 8% 47% 52% 40% 45% 41% 476% 429% 321% 481% 376% • US$60/kg NdPr – price maintained flat at current spot price • Project not sensitive to Capex and Opex cost fluctuations Under every stressed scenario the project is extremly cash flow positive Brazilian Ionic Clay projects Unit BCM MEI Aclara VMM Scoping Scoping PEA Scoping Date Feb 2025 Oct 2024 Sep 2024 Feb 2025 Project Ema Caldeira Carina Colossus years 20 20 22 US$/kg (NdPr) 74 111 197 NPV (pre-tax) US$M 668 1,403 2,337 IRR (pre-tax) % 63 40 32 US$/kg (NdPr) 60 60 n/a NPV (post-tax) US$M 355 174 n/a IRR (post-tax) % 52 15 n/a US$M 55 403 593 % 35 35 30 Operating Cost (LOM) US$/kg TREO 6.15 6.74 27.60 Operating Cost (LOM) US$/kg NdPr 16.95 20.41 96.69 % 70 70 87 Mine Life Price Forecast - LOM Price Forecast - Spot Capex Inclusive Capex Contingency Payability Capex - US$55M • 6 x smaller than MEI • 9 x smaller then Aclara Lowest Opex and Capex relative to peer group Their good were better Brazilian Critical Minerals (ASX:BCM) : Ema Scoping Study – Outstanding Financial Metrics 25th February 2025 Meteoric Resources NL (ASX:MEI) : High-Grade Figueira Resource Improves Scoping Study Metrics 22nd October 2024 Aclara Resources Inc (TSE: ARA) : Aclara announces updated PEA for its flagship Carina Module 5th September 2024 Brazilian Ionic Clay projects ISR: Simple process big impact Operating Cost US$/kg TREO 27.6 20 15 10 Best in Class 5 6.15 6.74 Operating Cost Comparison US$/kg NdPr 700 500 80 60 96.69 40 400 16.95 20.41 Meteoric Aclara BCM Meteoric $593 Best in Class $403 100 0 BCM 300 200 Best in Class 20 0 Capex (inclusive of contingency) 600 100 Operating Cost US$/kg TREO 25 Operating Cost US$/kg TREO 120 Capital Cost US$M 30 Aclara 0 $55 BCM Meteoric Aclara Lowest Capex and Opex of any rare earth project Brazilian Critical Minerals (ASX:BCM) : Ema Scoping Study – Outstanding Financial Metrics 25th February 2025 Meteoric Resources NL (ASX:MEI) : High-Grade Figueira Resource Improves Scoping Study Metrics 22nd October 2024 Aclara Resources Inc (TSE: ARA) : Aclara announces updated PEA for its flagship Carina Module 5th September 2024 Superior Basket Price SPOT MREC BASKET Head Grade (ppm) Reagent Time pH Product VMM MEI 965 Magnesium Sulfate 30 Minutes 4.5 MREC 4,472 Ammonium Sulfate 30 Minutes 4.5 MREC 4,439 Ammonium Sulfate 30 Minutes 4.5 MREC Price (12.02.25) USD/kg 0.53 1.14 62.47 61.36 2.09 27.19 23.15 859.02 242.64 66.24 41.14 112.40 14.08 718.17 5.72 Oxide La2O3 CeO2 Pr6O11 Nd2O3 Sm2O3 Eu2O3 Gd2O3 Tb4O7 Dy2O3 Ho2O3 Er2O3 Tm2O3 Yb2O3 Lu2O3 Y2O3 BCM $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ % Basket $ % Basket $ % 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 0.1 8.7 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 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 0.0 6.9 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 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 0.0 4.5 0.18 0.10 4.45 17.88 0.10 0.15 0.67 2.33 3.33 0.16 0.29 0.11 0.08 0.60 0.50 0.24 0.03 5.20 17.89 0.07 0.23 0.49 2.23 2.86 0.14 0.19 0.06 0.04 0.29 0.40 Basket $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 0.30 0.02 5.34 13.50 0.05 0.16 0.35 1.72 1.94 0.07 0.12 0.01 0.01 0.07 0.26 Basket Price US$/kg (TREO) $ 30.93 $ 30.34 $ 23.92 Basket Price US$/kg (NdPrDyTb) $ 27.99 $ 28.19 $ 22.50 MREO % TREO % 37.9 38.9 31.6 100.0 100.0 100.0 1 Viridis Mining and Minerals (ASX:VMM) ASX Announcement “Colossus Maiden Mixed Rare Earth Carbonate (MREC) Product 24.09.24 Prices www.giti.sg/markets 90% Highly comparable Magnet value in Basket 38% Highly comparable MREO:TREO – leading composition for Ionic Clay $30.93 Best in Class Value of Basket – highest for Ionic clay Market Cap ASX REE Peers $497M $225M $11M BCM $26M $42M VMM IXR ASX Companies as of close 02.06.25 MEI BRE