Ann: Virtual Non Deal Roadshow Presentation - Europe, page-3

$18M DEAL WITH LITHIUM ROYALTY CORP Cash for MTC | Free shares for MTC shareholders

▪ PART 1: $6 million cash payment by LRC in consideration of the granting of a 3% Gross Revenue Royalty over non-core lithium assets
▪ MTC retains gold rights over tenements
▪ paid to MTC to accelerate development of Sturec Gold Mine

▪ PART 2: $9 million worth of shares in lithium spinout vehicle ‘Winsome Resources’ (ASX Reserved Code:WR1)
▪ 45 million WR1 shares distributed In-specie to MTC shareholders in proportion to their MTC holding as at record date (future date to be set post shareholder approval)
▪ MTC currently has 153.8 million shares on issue
▪ e.g. 1 free WR1 20c share for every 3.4 MTC shares held assuming current shares on issue

▪ PART 3: $3 million cornerstone subscription by LRC in Initial Public Offer of WR1 at an issue price of 20 cents per share ▪ paid to WR1 to advance the lithium assets