Auroch Minerals : Investor Presentation

Exploring For A Green Future

ASX:FBM

March Investor Presentation

FBM | MARCH PRESENTATION

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Disclaimer

This presentation has been prepared by Future Battery Minerals Ltd (Future Battery Minerals or the Company). It contains general information about the Company's activities current as at the date of the presentation. The information is provided in summary form and does not purport to be complete. This presentation is not to be distributed (nor taken to have been distributed) to any persons in any jurisdictions to whom an offer or solicitation to buy shares in the Company would be unlawful. Any recipient of the presentation warrants to the Company that the receipt of the presentation is not unlawful. It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this presentation or any information, opinions or conclusions expressed in the course of this presentation.

This presentation is not a prospectus, product disclosure document or other offering document under Australian law or under any other law. It has been prepared for information purposes only. This presentation contains general summary information and does not take into account the investment objectives, financial situation and particular needs of any individual investor. It is not financial product advice and investors should undertake their own due diligence and obtain their own independent advice from qualified professional advisors having regarding to their objectives, financial situation and needs. Neither Future Battery Minerals nor any of its related bodies corporate is licensed to provide financial product advice.

This presentation and information, opinions or conclusions expressed in the course of this presentation contains forecasts, projections and opinions which constitute forward looking statements. Forward looking statements include, but are not limited to, statements concerning the Company's exploration programme, outlook and target sizes. They include statements qualified by words such as "potential", "target", "scheduled", "planned", "estimate", "possible", "future", "prospective" and similar expressions. Such forward looking statements are not a guarantee of future performance, and are subject to numerous risks, uncertainties and other factors, including unknown ones. Actual results and developments will almost certainly differ materially from those expressed or implied. There are a number of risks, both specific to Future Battery Minerals and of a general nature which may affect the future operating and financial performance of Future Battery Minerals and the value of an investment in Future Battery Minerals including but not limited to title risk, renewal risk, economic and general market conditions, stock market fluctuations, price movements, regulatory risks, operational risks, reliance on key personnel, uncertainties relating to interpretation of exploration results, geology and resource estimations, native title risks, foreign currency fluctuations, uncertainties relating to the availability of/access to additional capital, infrastructure or environmental approvals, and mining development, construction and commissioning risk. Future Battery Minerals expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise.

To the maximum extent permitted by law, no representation, warranty or undertaking, express or implied, is made and no responsibility or liability is accepted, by the Company or any of its officers, employees, agents or consultants or any other person, as to the adequacy, accuracy, completeness or reasonableness of the information in this presentation. An investment in the shares of the Company is to be considered highly speculative.

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 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' ("JORC Code 2012"). Mr Cox consents to the disclosure of this information in this report in the form and context in which it appears. The information in this release that relates to Mineral Resources for the Saints Project and the Nepean Nickel Project is based on information compiled by Mr Shaun Searle who is a Member of the Australasian Institute of Geoscientists. Mr Searle is an employee of Ashmore Advisory Pty Ltd and independent consultant to Future Battery Limited. Mr Searle has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he has undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Searle consents to the inclusion in this report of the matters based on this information in the form and context in which it appears. The information in this report that relates to Mineral Resources for the Leinster Project was reported by Breakaway Resources Ltd to the ASX on 14th April 2008 under JORC Code 2004 (referhttps://www.asx.com.au/asxpdf/20081024/pdf/31d3x55rpn6dxy.pdf). A Competent Person (as defined in the JORC Code 2012) has not done sufficient work to classify this Mineral Resource in accordance with JORC Code 2012. The information in this report in relation to Mineral Resources for the Leinster Project is an accurate representation of the available data and studies for the project which have been compiled by Mr Robin Cox. Mr Cox is the Company's Technical Director 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

This presentation contains information extracted from the following ASX market announcements which are available on the Company's website atwww.futurebatteryhminerals.com.au

Forward-Looking Statements

This document may include forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning Future Battery Minerals Limited's planned exploration program and other statements that are not historical facts. When used in this document, the words such as "could," "plan," "estimate," "expect," "intend," "may", "potential", "should," and similar expressions are forward-looking statements. Although Future Battery Minerals Limited believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements.

Competent Persons Statement

The information in this report that relates to Exploration Results is based on and fairly represents information compiled by Mr Robin Cox BSc (E.Geol), a Competent Person, who is a Member of the Australian Institute of Mining and Metallurgy (AusIMM). Mr Cox 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 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Cox consents to the inclusion in the announcement of the matters based on his information in the form and context in which it appears.

Previously Reported Results

There is information in this announcement relating to exploration results which were previously announced as listed on this slide. Other than as disclosed in those announcements, 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.

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LCT - PEGMATITE DISCOVERY CONFIRMED AT KANGAROO HILLS EXPLORATION UPDATE - NEVADA LITHIUM PROJECT EXPLORATION UPDATE - KANGROO 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

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NEPEAN NICKEL PROJECT - EXPLORATION UPDATE

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ROCK-CHIP RESULTS CONFIRM RARE EARTHS POTENTIAL AT ARDEN NEVADA LITHIUM PROJECT UPDATE

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NEPEAN NICKEL PROJECT - JORC MINERAL RESOURCE ESTIMATE RARE EARTHS EXPLORATION COMMENCES AT ARDEN

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SAINTS NICKEL PROJECT - RESOURCE UPDATE SAINTS PROJECT UPDATE

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AUROCH COMPLETES ACQUISITION OF THE NEVADA LITHIUM PROJECT FURTHER HIGH-GRADE NICKEL SULPHIDES AT SAINTS

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DRILLING COMMENCES AT THE LEINSTER NICKEL PROJECT

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POSITIVE METALLURGICAL RESULTS FOR HIGH-GRADE NI-S AT NEPEAN AUROCH TO ACQUIRE US LITHIUM PROJECT

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DRILLING INTERSECTS LITHIUM MINERALISATION AT NEPEAN HIGH-GRADE NICKEL INTERSECTED AT SAINTS

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IP SURVEY IDENTIFIES PRIORITY DRILL TARGETS AT NEPEAN SAINTS DIAMOND DRILLING UNDERWAY

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EXPLORATION COMMENCES FOR 2022

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LITHIUM MINERALISATION CONFIRMED AT NEPEANG

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NICKEL SULPHIDES INTERSECTED IN NEPEAN DEEPS DRILLING GROUND IP SURVEY UNDERWAY AT NEPEAN

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NEPEAN DEEPS EXPLORATION UPDATE

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DIAMOND DRILLING TO COMMENCE AT RAGLESS RANGE ZINC TARGET MULTIPLE HIGH PRIORITY DRILL TARGETS IDENTIFIED AT NEPEAN PEGMATITES AT NEPEAN TO BE ASSESSED FOR LITHIUM POTENTIAL NEPEAN DEEPS EXPLORATION UPDATE

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NEPEAN AND SAINTS SCOPING STUDIES UNDERWAY

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OPTIONS UNDERWRITING TO FUND EXPANDED NEPEAN DEEPS DRILLING RESULTS DEFINE NEW HIGH-PRIORITY DRILL TARGETS AT LEINSTER NEPEAN NICKEL PROJECT DRILLING UPDATE

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MLEM SURVEY IDENTIFIES PRIORITY DRILL TARGET AT NEPEAN MAIDEN NEPEAN DEEPS DRILLING PROGRAMME

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NICKEL SULPHIDES INTERSECTED AT NEW LEINSTER PROSPECTS EXPLORATION UPDATE NEPEAN NICKEL PROJECT

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NICKEL SULPHIDES INTERSECTED ALONG STRIKE AT NEPEAN

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NEW HIGH-GRADE NICKEL SULPHIDE DRILL INTERCEPTS AT NEPEAN DIAMOND DRILLING COMMENCES AT LEINSTER NICKEL PROJECT NEPEAN DRILLING UPDATE

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INTERSECTIONS OF OVER 5% Ni EXTEND MINERALISATION AT NEPEAN NEPEAN NICKEL PROJECT ACQUISITION COMPLETED

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FURTHER HIGH-GRADE MASSIVE NICKEL SULPHIDES AT THE HORN HIGH-GRADE MASSIVE NICKEL SULPHIDES CONFIRMED AT THE HORN FURTHER MASSIVE NICKEL SULPHIDES INTERSECTED AT THE HORN DIAMOND DRILLING INTERSECTS MASSIVE Ni SULPHIDES AT THE HORN AUROCH TO ACQUIRE HIGH-GRADE NEPEAN NICKEL PROJECT NICKELIFEROUS MASSIVE SULPHIDES INTERSECTED AT SAINTS

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AUROCH INCREASES TENEMENT PACKAGE IN PROSPECTIVE NICKEL BELT MORE HIGH-GRADE NICKEL INTERSECTED AT SAINTS

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AUROCH TO ACQUIRE HIGH-GRADE WA NICKEL PROJECTS

20 March 2023

07 March 2023

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

01 September 2022

17 August 2022

10 August 2022

7 July 2022

8 June 2022

5 May 2022

3 May 2022

27 April 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

01 September 2021

17 November 2021

08 November 2021

25 October 2021

20 October 2021

14 October 2021

05 October 2021

19 August 2021

11 August 2021

31 March 2021

25 March 2021

23 June 2021

10 June 2021

28 April 2021

25 May 2021

29 July 2021

07 July 2021

MARCH PRESENTATION

10 March 2021

15 February 2021

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17 December 2020

14 December 2020

01 December 2020

18 November 2020

11 November 2020

FBM

11 November 2020

6 August 2020

27 July 2020

14 November 2019

28 May 2019

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Our Strategic

Battery Minerals Portfolio

Our Battery Minerals Portfolio

Strategic lithium exploration projects, comprising high-grade hard rock and large scale sedimentary potential.

High-grade, shallow nickel sulphide resources being driven towards development and production to leverage the strong nickel price and EV demand.

MARCH PRESENTATION

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Total JORC (2012) resource inventory of ~ 25,000t of contained nickel plus further historic resources - viability to fast-track to near-term development and cash flow being evaluated.

Focussed exploration for key battery minerals lithium, nickel and copper in stable pro-mining jurisdictions.

Highly prospective exploration targets and aggressive technical team driving systematic work programmes to advance new discoveries.

Kangaroo Hills Lithium Project (KHLP) (80%)

KHLP Highlights

• • Spodumene LCT* - Pegmatite project

• • Exciting new lithium discovery

• • Proven shallow - thick - high grade Li

• • Project located in the lithium endowed WA Goldfields

• • 17km south of Coolgardie

• • Shire maintained bitumen road directly to tenure

• • Joint Venture, 80% Future Battery, 20% Lodestar Resources (LSR)

• • Phase 2 Systematic exploration underway

MARCH PRESENTATION

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*LCT - Lithium-Caesium-tantalum

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