Amaero (3DA) Status Update summary

Operational and commercial updates

• Commissioned second EIGA Premium atomizer, enhancing production efficiency and reducing argon consumption by 50%.

• Revenue growth is accelerating, with significant scaling expected in FY2026 and visibility to 80% of planned revenue for Q1 and Q2 FY2026 from contracted sales and purchase orders.

• AUD 28 million improvements to the Tennessee facility will be completed by end of June; third atomizer on track for delivery and commissioning by June 2026.

• Facility now offers the largest capacity and lowest cost U.S. production of high-value refractory and titanium powders.

• Event with U.S. Congressman Fleischmann and upcoming visit from Senator Hagerty highlight strong government engagement.

Financial and strategic position

• End of FY2024 balance sheet expected to show AUD 63 million in tangible assets and cash, growing to AUD 100 million by end of FY2026.

• Fully funded with AUD 98.5 million raised over three years and AUD 35 million equipment financing from the U.S. EXIM Bank.

• Strong institutional investor support and differentiated market position with proven, scalable technology.

Production and capacity expansion

• Two production areas: one for C-103/refractory alloys, one for titanium with capacity for up to five atomizers.

• Second atomizer dedicated to titanium begins full production July 1, with plans to add shifts as demand grows.

• Strategic overcapacity maintained to quickly respond to future demand surges.