RE:November 2024 FT Corporate PresentationUPDATED FEASIBILITY STUDY BY WORLEY & OTHER ENGINEERING COMPANIES IN PROGRESS FOCUS ON REDUCED CAPITAL COSTS • Tlicho Highway reduces construction schedule & capital costs for redundant facilities • Government support for Critical Minerals development & infrastructure • New brownfield Refinery site, including 42,000 ft2 of buildings & equipment to reduce construction costs • New process residue disposal strategy in government approved landfill with gypsum by-product • Smarter equipment choices FOCUS ON ACCELERATED & HIGHER CASH FLOWS IN EARLY YEARS OF MINE LIFE • New Resource Model to reduce modelling dilution & provide better differentiation of higher-grade ores • New Mine Plan focused on earlier mining & processing of higher margin ores to accelerate cash flows • Stockpiling strategy to defer processing of lower margin ores • Lower tax rates, shorter transportation logistics & proximity to services & reagents at Alberta refinery site • Test work in progress to validate process optimizations & higher metallurgical recoveries • Process collaboration with Rio Tinto assessing feasibility of processing intermediate products from Kennecott Smelter residues at Alberta Refinery to increase cobalt & bismuth production • Investigating electronics, scrap & spent battery recycling opportunities