Neometals Conference Summary Company Overview - **Company**: Neometals (OTCPK: NMTA.Y) - **Focus**: Gold and lithium assets, with a recent shift towards gold production and resource development [1][3] Key Points and Arguments Gold Production and Resources - Neometals has transitioned to focus on gold production, with plans to enter production by next year and a significant resource base to work with [9] - The company has identified a historical gold producer site, Barrambie, which has a large exploration target and is located in a favorable geological area [3][4] - Initial drilling results indicate promising gold intercepts, with grades of 3-4 grams per ton over 20-30 meter intervals [8][10] - The company aims to self-fund exploration through production, with a strategy to rebuild its balance sheet [11] Mining and Development Plans - A production joint venture is being established with experienced mining contractors, which will cover working capital and operational costs [11][12] - The ore is characterized as free milling with high recovery rates of up to 98%, indicating efficient processing potential [12] - The company has a strong understanding of the geology in the area, which supports the potential for further discoveries and resource expansion [6][17] Financial Position and Market Outlook - Neometals currently holds approximately AUD 6 million in cash with a market capitalization of AUD 46 million [18] - Over the past decade, the company has returned AUD 82 million to shareholders through dividends and buybacks, indicating a commitment to shareholder value [18] - The management believes that gold prices will remain stable, providing a favorable environment for gold production [17][19] Diversification and Future Prospects - In addition to gold, Neometals is exploring opportunities in lithium and vanadium, with plans to re-enter the upstream lithium market [19] - The company emphasizes its commitment to ESG principles and aims to deliver value to shareholders through diversified commodity offerings [19] Additional Important Content - Historical context of the Barrambie site includes its previous gold production and the geological features that make it a promising target for future mining [4][5] - The company has a strategic focus on extending the mine life through advanced projects and historical exploration data [13][14] - The potential for copper discovery in the area adds another layer of opportunity for Neometals [15][16]

Barrambie The Path to Gold Production RIU Presentation | 19 February 2026 ASX: NMT | OTCQX: NMTAY | DEU: 9R9 For personal use only ASX: NMT | OTCQX: NMTAY | DEU: 9R9 neometals.com.au Important Notices and Disclaimer This presentation has been prepared and issued by Neometals Ltd (Neometals, or the Company) to provide summary information about the Company, including its 100% owned Barrambie Gold Project and its other projects and activities (the "Projects") as at the date of this presentation, unless otherwi ...

Core Insights - Largo Inc. reported annual production of 9,150 tonnes (20.17 million lbs) of vanadium pentoxide equivalent from its Maracás Menchen Mine in 2025, with sales of 8,686 tonnes, achieving production guidance despite challenges from lower ore grades and new US tariffs [4][5][7] Production and Sales Performance - Q4 2025 V2O5 equivalent production was 2,961 tonnes, a 66.8% increase from Q4 2024, while annual production was slightly lower than 2024's 9,264 tonnes [7][20] - Total ore mined in Q4 2025 was 665,953 tonnes, with an effective ore grade of 0.53% V2O5, higher than the previous year [6][20] - Global recovery rates improved to 80.1% in 2025 from 76.4% in 2024, maintaining 77.9% in Q4 2025 [7][20] Market and Pricing Trends - The average benchmark price per lb of V2O5 in Europe rose to $5.85 in Q4 2025, a 9.55% increase from Q4 2024, while ferrovanadium prices in the US and Europe saw declines of 8.54% and 8.62% respectively [7][20] - Vanadium spot demand remained soft in Q4 2025, primarily due to weaker demand in the Chinese and European steel industries, although the US steel market remained stable [7][20] Future Guidance and Strategic Initiatives - The company expects higher V2O5-equivalent production in Q1 2026 compared to Q1 2025, driven by increased ore availability [9][10] - Largo is focusing on productivity improvements, including mining efficiency and operational enhancements, to stabilize and enhance throughput in 2026 and beyond [10][20] - The company has suspended ilmenite production guidance for 2026 to evaluate the potential for copper and PGM production using existing infrastructure [5][7]