Sovereign Metals (SVM) Corporate Presentation summary

Project overview and resource base

• Hosts the world's largest known rutile resource (17.9Mt) and the second largest flake graphite resource (24.4Mt) at Kasiya, with Rio Tinto holding a 19.9% strategic stake.

• Kasiya is the only known deposit where graphite is a by-product, with a mineral resource estimate compliant with JORC 2012.

• The project area covers 201km², with established infrastructure including rail and road links to port.

Geology, processing, and product quality

• Weathered, soft saprolite geology enables simple, low-cost mining and processing, preserving large flake size and yielding high-purity graphite (96-98% C).

• Low sulphur content in weathered ore enhances suitability for battery anode applications compared to higher-sulphur northern hemisphere deposits.

• Larger flake size distribution attracts premium prices, with 68% of production in medium/large/jumbo categories.

Market suitability and end-use applications

• Testwork confirms suitability for 94% of global graphite end uses, including batteries, refractories, and expandable/expanded graphite markets.

• Kasiya graphite meets or exceeds specifications for battery anode material, with electrochemical performance comparable to leading global producers.

• Refractory and expandable graphite markets command higher prices for larger flake sizes, with Kasiya's product achieving up to $1,193/t.