Neometals (NMT) AGM 2025 summary

Opening remarks and agenda

• Acknowledgement of traditional land, welcome to attendees both in-person and online, and confirmation of quorum for the meeting.

• Notice of meeting was sent to all shareholders, and procedural instructions for participation and voting were provided.

Board and executive committee updates

• Introduction of board members, including new appointee Greg Evans, and recognition of retiring directors Doug Ritchie and Dr. Jenny Purdy.

• Significant organizational restructuring reduced overheads and headcount by over 40% to optimize value and efficiency.

• Board succession planning is ongoing, with further changes expected over 2026 and beyond.

Financial performance review

• Share price has recently traded in the single-digit range, reflecting sector challenges.

• Over AUD 31 million invested in the Primobius JV, with a strategic exit negotiated to recover value and reduce risk.

• Around $50 million spent on the Barrambie project to date, with the asset currently valued at $12 million in accounts.

• No profit revenue generated over the company's 22-year life, but value has been realized through project exits.