Announcement PDF FUTURE BATTERY MINERALS ANNUAL GENERAL MEETING PRESENTATION November 2024 ASX: FBM IMPORTANT NOTICES Competent Persons Statement The exploration targets or conceptual exploration targets in this presentation or expressed during the course of this presentation are subject to completion of the necessary feasibility studies, permitting and execution of all necessary infrastructure agreements. In relation to any statements pertaining to future exploration targets or conceptual exploration targets, the nature of the exploration target means that the potential quantity and grade is conceptual in nature. This presentation and information, opinions or conclusions expressed in the course of this presentation should be read in conjunction with Future Battery Mineral’s other periodic and continuous disclosure announcements lodged with the ASX, which will be available on the Future Battery Minerals website. The information in this report that relates to Exploration Results is based on information compiled by Mr Robin Cox and represents an accurate representation of the available data. Mr Cox (Member of the Australian Institute of Mining and Metallurgy) is the Company’s Chief Geologist and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the JORC Code 2012. Mr Cox consents to the disclosure of this information in this report in the form and context in which it appears. ASX Listing Rule Information The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and, in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates in the original market announcements continue to apply and have not materially changed. The Company confirms that the form and context in which the competent persons findings have not been materially modified from the original announcement. Future Battery Minerals Ltd ASX announcement references                                               Sale of Nevada Lithium Project 4 November 2024 New Geochemical Results Define Lithium Drill Targets at Miriam 30 October 2024 Exploration Advances at Miriam Lithium Project 2 October 2024 New Pegmatite Targets Identified at Miriam 15 August 2024 FBM Significantly Expands Footprint in the Goldfields 5 August 2024 Drilling Extends Big Red Pegmatite 9 July 2024 Big Red Extends and New Discovery at KHLP 15 May 2024 Key Target Generation Advancing at Miriam Lithium Project 23 April 2024 Outstanding Maiden Mineral Resource at Nevada Li Project 15 April 2024 Acquisition of Miriam Lithium Project 25 March 2024 Phase 4 Kangaroo Hills Drilling Commence 11 March 2024 Large Scale Strike Extension Delivered at NLP 7 March 2024 Northern Kangaroo Hills Drilling Set to Commence 5 March 2024 New Conservation Management Plan for KHLP Approved 28 February2024 Outstanding Metallurgical Results from Kangaroo Hills 5 February 2024 Final Assays from Phase 3 Drilling at Kangaroo Hills 30 January 2024 High Grade Intervals Confirm Significant Extension of NLP 22 January 2024 Further Resistivity Results Deliver New Targets at KHLP 18 December 2023 Nev Power joins as Non-Executive Director 21 November 2023 Shallow High-Grade Lithium Intercepts at Kangaroo Hills 16 November 2023 Kangaroo Hills High-Grade Lithium System Continues to Grow 17 October 2023 Resource Drilling Underway at Nevada Lithium Project 3 October 2023 Aggressive Lithium Exploration Programmes Continuing 21 September 2023 $7.6m Placement to Accelerate Lithium Exploration Drilling 15 September 2023 Further Spodumene Bearing Pegmatites Intercepted at KHLP 12 September 2023 Managing Director and CEP Appointment 11 September 2023 New Stacked Spodumene Bearing Pegmatites Confirmed at KHLP 24 August 2023 Acquisition of 20% Interest in Kangaroo Hills Completed 11 August 2023 FBM Acquires Remaining Interest in Kangaroo Hills 7 August 2023 Large Scale lithium Discovery Confirmed in Nevada 4 August 2023 Further High-Grade Lithium Results at Kangaroo Hills 18 July 2023 Potential Extensions to Li Claystone Identified in Nevada 13 July 2023 Drilling Underway at Kangaroo Hills Lithium Project 4 July 2023 More High-Grade Lithium Assays, New Pegmatite Uncovered 22 June 2023 Completion of Nepean Nickel Project Sale 15 June 2023 7 New Large Scale LCT Pegmatite Lithium Targets Identified 08 June 2023 Phase 2 Drilling to commence at Nevada Lithium Project 23 May 2023 Metallurgical Testwork to commence at Kangaroo Hills 19 May 2023 Further Thick Spodumene Intersections at Kangaroo Hills 17 May 2023 Multiple High Grade Assay Results Extend Lithium Discovery 03 May 2023 Exploration Update - Kangaroo Hills Lithium Project 20 April 2023 High Grade Lithium Claystone Discovered in Nevada 13 April 2023 Saints Nickel Project Delivers Positive Scoping Study 11 April 2023 Phase 2 Exploration Drilling Underway at Kangaroo Hills 05 April 2023 LCT – Pegmatite Discovery Confirmed at Kangaroo Hills 20 March 2023 Exploration Update – Nevada Lithium Project 07 March 2023                              Exploration Update – Kangaroo Hills Lithium Project Drilling Commences at Nevada Lithium Project (NLP) Drilling Commences at Kangaroo Hills Lithium Project LCT Pegmatites Confirmed at Kangaroo Hills Strategic Claim Staking Increases Footprint At NLP High Grade Lithium Discovered at Nepean Nepean Nickel Project – Exploration Update Rock-chip Results Confirm Rare Earths Potential at Arden Nevada Lithium Project Update Rare Earths Exploration Commences at Arden Saints Nickel Project – Resource Update Saints Project Update Auroch Completes Acquisition of the Nevada Lithium Project Further High-grade Nickel Sulphides At Saints Drilling Commences at the Leinster Nickel Project Auroch to Acquire US Lithium Project Drilling Intersects Lithium Mineralisation at Nepean High-grade Nickel Intersected at Saints IP Survey Identifies Priority Drill Targets at Nepean Saints Diamond Drilling Underway Exploration Commences for 2022 Lithium Mineralisation Confirmed at Nepean Nickel Sulphides Intersected in Nepean Deeps Drilling Ground IP Survey Underway at Nepean Diamond Drilling to Commence at Ragless Range Zinc Target Multiple High Priority Drill Targets Identified At Nepean Nepean and Saints Scoping Studies Underway Underwriting to Fund Expanded Nepean Deeps Drilling Results Define New High-priority Drill Targets at Leinster 21 February 2023 23 January 2023 18 January 2023 16 January 2023 12 January 2023 24 November 2022 15 November 2022 19 October 2022 15 September 2022 17 August 2022 10 August 2022 7 July 2022 8 June 2022 5 May 2022 3 May 2022 20 April 2022 7 April 2022 9 March 2022 10 February 2022 25 January 2022 07 January 2022 08 December 2021 25 November 2021 17 November 2021 25 October 2021 20 October 2021 01 September 2021 19 August 2021 11 August 2021 ASX: FBM | 2 ACKNOWLEDGEMENT OF COUNTRY We acknowledge the Traditional Custodians of the land on which we operate and pay our respects to their Elders past and present Future Battery Minerals Ltd ASX: FBM | 3 2024 ACHIEVEMENTS ADVANCING PROJECTS AND BUSINESS MAY 2024 KHLP PHASE 4A DRILL RESULTS 31m @ 1.13% LI2O PROJECTS DEC 2023 KEY RESISTIVITY TARGETS AT KHLP JAN 2024 FINAL KHLP PHASE 3 ASSAYS & HERITAGE SURVEY DEC 2023 NEVADA RC RESOURCE DRILLING NOV 2023 NEV POWER JOINS BOARD CORPORATE FEB 2024 BIG RED MET RESULTS & NEW CMP APPROVED JAN 2024 NEVADA DIAMOND DRILL RESULTS MAR 2024 ACQUISITION OF MIRIAM TENURE MAR 2024 NEVADA RC RESOURCE DRILL RESULTS APR 2024 MIRIAM TARGET GENERATION & NEW OUTCROP AUG 2024 EXPANDED GOLDFIELDS TENURE FOOTPRINT JUL 2024 KHLP PHASE 4B DRILL RESULTS 14m @ 1.01% LI2O SEP 2024 NEW GEOCHEMICAL TARGETS AT MIRIAM AUG 2024 MIRIAM GEOPHYSICAL RESULTS APR 2024 MAIDEN NEVADA MINERAL RESOURCE APR 2024 A$6M EQUITY RAISE TO ACQUIRE MIRIAM APR 2024 NEV POWER APPOINTED CHAIRMAN JUN 2024 ROB WAUGH JOINS BOARD NOV 2024 SALE OF NEVADA LITHIUM PROJECT SEP 2024 FINALISED DIVESTMENT OF NEPEAN NICKEL REDUCTION IN EXPENDITURE AND WORKING CAPITAL COSTS - FOCUS ON CORE PROJECTS (COOLGARDIE LITHIUM ASSETS) - BUSINESS DEVELOPMENT ACTIVITIES Future Battery Minerals Ltd ASX: FBM | 4 KEY FBM VALUE DRIVERS BUSINESS Li THE LITHIUM EXPLORATION AND DEVELOPMENT THE TEAM PROVEN VALUE GENERATORS THE LOCATION CLOSE TO EXISTING INFRASTRUCTURE THE PROJECTS THICK, SHALLOW, HIGH-GRADE LITHIUM DEPOSITS WITH EXPLORATION UPSIDE THE CAPACITY BALANCE SHEET STRENGTH AND RUNWAY Future Battery Minerals Ltd ASX: FBM | 5 Li THE BUSINESS LITHIUM EXPLORATION AND DEVELOPMENT RAPIDLY ADVANCING WORLD-CLASS LITHIUM PROJECTS IN THE W.A. GOLDFIELDS FBM 665 M ASX CODE SHARES ON ISSUE1 A$12.6 M A$8.14 M MARKET CAPITALISATION CASH BALANCE2 AT A$0.019 (UNDILUTED) AND ZERO DEBT AUSTRALIA CAPITAL STRUCTURE  191,973,173 PERFORMANCE RIGHTS (VARIOUS CLASSES)  24,250,000 OPTIONS (VARIOUS EXPIRY DATES) 1 As at 25 November 2024 Future Battery Minerals Ltd 2 Cash balance as at 20 November 2024 ASX: FBM | 6 Li THE BUSINESS LITHIUM EXPLORATION AND DEVELOPMENT Long-term industry fundamentals Global demand-push factors Global lithium supply and demand (Kt LCE)1  Expected strong lithium demand growth, forecast to increase 2.5x to 2030 at >12% CAGR1 6,000 5,000 EV growth 4,000  Global EV sales increased 22% YoY, to a new high of 1.7 million units in September 20242 Emerging supply chain 3,000  Strategic importance of securing sustainable, independent supply remains a high priority 2,000 Supply chain investment impacts  As an emerging industry, periods of high price volatility see wide variation in investment levels over the cycle 1,000 2024 2030 Supply Sources: 1 Benchmark Mineral Intelligence Lithium Forecast Q3 2024 2 RhoMotion EV Battery Outlook Q3 2024, BEV + PHEV sales Future Battery Minerals Ltd 2035 Demand 2040 Strategically positioned for future growth in a recovering lithium market driven by sustainable, long-term industry fundamentals ASX: FBM | 7 THE TEAM PROVEN VALUE GENERATORS NEV POWER ROB WAUGH Non-Executive Chairman Non-Executive Director Under Nev’s leadership of Fortescue Metals Group (ASX:FMG), its production quadrupled to over 170 Mtpa, and it was the lowest-cost supplier of seaborne iron ore to China. As Managing Director of Musgrave Minerals (ASX: MGX), Rob led the business from a A$20M IPO through to its successful A$201 million acquisition by Ramelius Resources (ASX:RMS) in 2023 NICK RATHJEN ROBIN COX Managing Director & CEO Nick played an instrumental role in the commercialisation of the Arcadia Lithium Project as Head of Corporate Development at Prospect Resources (ASX: PSC), with the asset being transacted to Huayou Cobalt in 2022 for US$378M cash Technical Director At FBM, Robin has delivered two world class lithium discoveries within a 12-month period: the shallow, thick, high-grade Big Red LCT pegmatite at Kangaroo Hills and the 6.2Mt LCE Lone Mountain deposit in Nevada An extensive track record of exploration success, project stewardship, development expertise and operating excellence that has repeatedly resulted in the delivery of substantial shareholder value Future Battery Minerals Ltd ASX: FBM | 8 THE LOCATION CLOSE TO EXISTING INFRASTRUCTURE Low risk, Tier 1 mining jurisdiction of Western Australia Strategically located just 17km south of established mining hub of Coolgardie Direct road and rail access to ports of Esperance (370km) and Fremantle (550km) All-year access to site facilities, skilled labour and dedicated mining services Proximate to existing lithium mining and processing operations of substantial scale Ready monetisation of exploration success via multiple potential commercialisation options, including stand-alone development Refer Appendix A for full resource details. Future Battery Minerals Ltd ASX: FBM | 9 THE PROJECTS EXECUTING ON OUR EXPLORATION STRATEGY Rapidly unlocking value across a belt-scale tenure base 1 EXTENSION HIGH-GRADE BIG RED SYSTEM GROWTH Plus other proximal mineralised pegmatites, Potoroo and Rocky 2 EXPANSION FURTHER READY NEW DISCOVERY POTENTIAL Pipeline of targets offers substantial resource step-jump opportunity 3 PROVINCIAL OPPORTUNITIES ALONG THE GREENSTONE BELT Potential for a large-scale LCT pegmatite field Future Battery Minerals Ltd Refer to FBM ASX announcement 23 April 2024 Refer to FBM ASX announcement 30 October 2024 Refer to FBM ASX announcements 15 May 2024, 30 January 2024 and 18 December 2023, 3 May 2023 and 20 March 2023 ASX: FBM |10 10 1 EXTENSION GROWING THE HIGH-GRADE BIG RED SYSTEM Thick, shallow, high-grade lithium deposit  Discovered multiple near-surface, thick, high-grade, shallow-dipping LCT pegmatites  Stacked, mineralised system progressively defined across Big Red, Rocky and Potoroo  Total of 31,000m drilled to date: – 29m @ 1.36% Li2O from 38m (KHRC0011)1 – 31m @ 1.13% Li2O from 86m, incl. 20m @ 1.43% Li2O (KHRC116)2 – 27m @ 1.32% Li2O from 64m (KHRC017)3 – 23m @ 1.19% Li2O from 44m (KHDD001)1  Known footprint of mineralised system extends over 900m and remains open along strike Flagship Big Red deposit has 600m+ strike from southern outcrop to northern-most intercept, where it remains thick, shallow and open Future Battery Minerals Ltd 1 Refer to FBM ASX announcement 20 March 2023 2 Refer to FBM ASX announcement 15 May 2024 3 Refer to FBM ASX announcement 3 May 2023 ASX: FBM |11 1 EXTENSION GROWING THE HIGH-GRADE BIG RED SYSTEM Building immediate resource and development potential  Next phase of drilling to target further northern extension of Big Red, where it remains open along strike and down dip  Subsequent stages to include drill-out of recently discovered Potoroo pegmatites  Excellent metallurgical test results have demonstrated Big Red is readily amenable to conventional Dense Media Separation and Froth Flotation separation techniques  Hybrid flowsheet design (DMS + float) expected to maximise process outcomes Extension of near-surface, thick and highgrade Big Red lithium system Refer to FBM ASX announcements on 15 May 2024, 30 January 2024 and 18 December 2023 Future Battery Minerals Ltd ASX: FBM |12 2 EXPANSION NEW DISCOVERY POTENTIAL Emerging mineralised pegmatite field  Strong and growing target pipeline – New proven spodumene mineralised zones + – New untested spodumene mineralised outcrops + – Untested geochemical + geophysical targets under thin soil cover  Miriam, an untapped exploration opportunity – 6km of untested strike length, 13 discrete outcropping pegmatites – Historic 1.6 km lithium soil anomaly coinciding with mapped outcropping spodumene pegmatites and geophysical targets – Wide-spaced extensional soil anomolies – Targets analogous to high-grade Big Red discovery (2km south)  Further regional targets for testing at Kangaroo Hills, including confirmed mineralised pegmatites and proven geophysical signatures Initial Miriam drilling program planned commencement in H1 2025 Refer to FBM ASX announcement 23 April 2024 Refer to FBM ASX announcement 30 October 2024 Future Battery Minerals Ltd ASX: FBM | 13 3 PROVINCIAL DELIVERING LARGE-SCALE FIELD OPPORTUNITIES Greenfield prospects along the greenstone belt  Emerging potential for large-scale LCT pegmatite field  Extensive scale and prospectivity of Kangaroo Hills – Miriam tenure  Recent expansion of FBM landholding proximate to Kangaroo Hills and Miriam by a further 160%  Entire tenure holding relatively underexplored and highly prospective for LCT pegmatites  Targeting methodology built upon success and embedded learnings from Big Red discovery  Sharpened target ranking and drill prioritisation approach Combined KHLP-Miriam tenure stretches over 11km, covering the interpreted lithium trend in the Coolgardie Greenstone Belt Refer to FBM ASX announcement 23 April 2024 Refer to FBM ASX announcement 30 October 2024 Refer to FBM ASX announcements 15 May 2024, 30 January 2024 and 18 December 2023, 3 May 2023 and 20 March 2023 Future Battery Minerals Ltd ASX: FBM | 14 THE CAPACITY BALANCE SHEET STRENGTH AND RUNWAY  Clear focus on capital stewardship  Successful divestment of non-core assets  Sale of Nevada Lithium Project (NLP) for A$4M cash consideration1  Completed sale of Nepean Nickel Project  Cash balance of A$8.14M and zero debt (at 20 November 2024)2  Clear commercialisation focus aligned with core business strategy  Ongoing assessment of various regional development opportunities including opportunistic acquisitions Well-funded to undertake planned exploration and evaluation programs over the next 12 – 24 months 1 Refer to FBM ASX announcement 4 November 2024 2 Refer to FBM ASX announcement 20 November 2024 Future Battery Minerals Ltd ASX: FBM | 15 BUILDING A PREMIUM LITHIUM BUSINESS Unlocking value through low-cost, high-efficiency exploration and development ADVANCING OUR STRATEGY FOCUS OVER THE NEXT 12 MONTHS TARGETING SYSTEM EXTENSION, REGIONAL PROSPECTS AND LARGE-SCALE OPPORTUNITY KANGAROO HILLS  Northern extension drilling of Big Red and Potoroo  Systematic testing of further regional targets DISCIPLINED AND WELL CAPITALISED STRONG CASH BALANCE FROM RATIONALISATION OF ASSET PORTFOLIO MIRIAM  Further high-potential target pipeline work-up  Ground gravity surveys due late Q4 CY2024 ALIGNED BUSINESS STRATEGY CONTINUALLY ASSESSING VALUE ACCRETIVE COMMERCIALISATION OPPORTUNITIES  Initial high-priority target drilling in H1 CY2025 BUSINESS DEVELOPMENT  Additional regional consolidation opportunities  Broader opportunistic acquisition(s) Future Battery Minerals Ltd ASX: FBM | 16 CONTACT DETAILS Nick Rathjen Robin Cox CEO and Managing Director Technical Director E: nrathjen@futurebatteryminerals.com.au E: rcox@futurebatteryminerals.com.au M: +61 405 730 041 M: +61 432 516 276 Suite 10, 38 Colin Street, West Perth WA 6005 T: +61 8 6383 7817 F: +61 8 6245 9853 Future Battery Minerals Ltd ASX: FBM | 17 APPENDIX Kangaroo Hills Lithium Project regional lithium discoveries Prospect/project Ownership Phase Resource M:I:I1 Reference Bald Hill Mineral Resources Production 58.1 Mt 0:70:30 ASX Announcement (MIN): Bald Hill Operations and Mineral Resources Update, 13 November 2024 Buldania Liontown Resources Exploration; MRE 15.0 Mt 0:61:39 ASX Announcement (LTR): Annual Report to shareholders, 29 September 2023 Dome North Develop Global Exploration; Scoping Study 11.2 Mt 0:76:24 ASX Announcement (ESS): Development Update – Pioneer Dome Lithium Project, 5 September 2023 Manna Global Lithium Exploration; Scoping Study 51.6 Mt 0:56:44 ASX Announcement (GL1): 43% increase in Manna Lithium Deposit Mineral Resource, 12 June 2024 Mt Holland Covalent Lithium (50:50 JV between SQM and Wesfarmers) In development 189.0 Mt 35:56:9 ASX Announcement (KDR): Substantial Increase in Earl Grey Lithium Mineral Resource Estimate, 19 March 2018 Mt Marion 50% JV Mineral Resources and Jiangxi Ganfeng Production 64.8 Mt 0:65:35 ASX Announcement (MIN): Mineral Resources and Ore Reserves update, 22 September 2023 1 Ratio of MRE in Measured, Indicated and Inferred categories Future Battery Minerals Ltd ASX: FBM | 18