ASX: AZ9 (reserved)

Investor Presentation
October 2022

October 2022
IMPORTANT NOTICES
DISCLAIMER
This presentation has been prepared by Asian Battery Minerals Limited (Asian Battery Minerals or the Company) and has been reviewed by the Board of Asian Battery
Minerals.
The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this
presentation is released, published or distributed should inform themselves about and observe such restrictions.
This presentation is for informational purposes only and does not constitute an offer to sell, or solicitation to purchase, any securities. Such Offer can be made only
through proper subscription documentation and only to investors meeting strict suitability requirements. Any failure to comply with these restrictions may constitute a
violation of applicable securities laws. In providing this presentation Asian Battery Minerals has not considered the financial position or needs of the recipient. Persons
needing advice should consult their stockbroker, bank manager, solicitor, attorney, accountant or other independent financial and legal advisors.
COMPETENT PERSON STATEMENT
The information in this presentation that relates to Mineral Resources and Exploration Targets is based on and fairly represents information compiled by Mr. Robert
Dennis (Executive Consultant with RPMGlobal LLC). Mr Robert Dennis is members of the Member of the Australian Institute of Geoscientists and have sufficient
experience of relevance to the styles of mineralisation and types of deposits under consideration, and to the activities undertaken to qualify as Competent Persons as
defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.
The Company confirms it is not aware of any new information or data that materially affects the information included in the relevant market announcements and in the
case of Mineral Resources and Exploration Targets , all material assumptions and technical parameters underpinning the estimates in the relevant market
announcements, including production targets and forecast financial information from those production targets, continue to apply and have not materially changed.
FORWARD LOOKING STATEMENTS
Various statements in this presentation constitute statements relating to intentions, future acts and events. Such statements are generally classified as “forward looking
statements” and involve known and unknown risks, uncertainties and other important factors that could cause those future acts, events and circumstances to differ
materially from what is presented or implicitly portrayed herein. Words such as “anticipates”, “expects”, “intends”, “plans”, “believes”, “seeks”, “estimates” and similar
expressions are intended to identify forward-looking statements. Asian Battery Minerals cautions shareholders and prospective shareholders not to place undue
reliance on these forward looking statements, which reflect the view of Asian Battery Minerals only as of the date of this presentation. The forward looking statements
made in this presentation relate only to events as of the date on which the statements are made.

2
PRE-IPO CAPITAL RAISE OVERVIEW

ABM is conducting to Pre-IPO capital raise A$ 0.5 million

• Offer to raise A$ 0.5 million Corporate Overview

Offer structure CORPORATE STRUCTURE
• Offer price of A$ 0.15 per share
and size Pro-Forma Post Pre-IPO
• Approximately 3.3 million new shares to be issued
Shares on issue 79.2M
Proceeds from the Offer, together with existing cash, to be applied Shares to be issued for Pre-IPO 3.3M
to: Performance right 3.5M
IPO related works Fully diluted shares
• Independent Audit Review by HLB; 86.0M
(post Pre-IPO round)
• Independent legal opinion by SteinPag;
• Equity research by K1 Capital;
• IPO prospectus and marketing works; SHAREHOLDER STRUCTURE
Use of funds Pro-Forma Post Pre-IPO round raising
and
Exploration works
• A mineral processing and an electromagnetic study on
27% Directors
Khukh Tag Graphite project; 38%
• A detailed geological mapping and a geochronological Cornerstone Investors
studies on Tsagaan Ders Li project; Others
• A geophysics, processing and a scout drilling on Oval Ni-Cu 35%
(Yambat) project.
3
ASIAN BATTERY MINERALS LTD. – INTRODUCTION

• Diversified and multi-assets (all 100%

owned) focused on graphite, lithium and
nickel projects
• Next to the largest and growing market
for EV materials
• Economically and environmentally
competitive location and infrastructure
• Unrealized exploration upside potential
in underexplored fertile areas for battery
minerals
• Diverse board members and local
team with extensive experience in
resource sector of Mongolia
• Committed to pursue carbon neutrality
in project development and high ESG
standards in company culture. LEGEND

4
PEOPLE

Board of Directors
Mr. Gan-Ochir (Managing Director) has over 20 years of
experience in wide range of areas within the mining industry
including mining operation, mineral exploration and finance. Gan-
Ochir held Non-Executive Director roles with ASX listed Aspire
Mining Ltd and Oyu Tolgoi LLC. He obtained mining education
from Haileybury School of Mines, Canada and Mongolian
University of Science and Technology, and holds MSc in Finance,
New York University and Member of AusIMM.
Mr. David Paull (Chairman) has over 30 years’ experience in
mineral resource business. Over the last 10 years, David has been
in Mongolia with Aspire Mining Ltd in different capacities
including Managing Director and Chairman of the Board. Mr.
Paull holds a Bachelor of Commerce from the University of
Western Australia and MBA with Distinction from Cornell
University. He is a fellow of the Financial Services Institute
of Australia. Previously he held marketing management position
at Greenbushes mine for lithium and tantalum concentrate.
Mr. Neil Young (Non-Executive Director) is Chief Executive
Officer of Elixir Energy Ltd and has more than 20 years'
experience in senior management positions in the upstream and
downstream parts of the energy sector including
EY, Tarong Energy and Santos. He has also developed various
new ventures in other countries including Kazakhstan,
Japan, USA and Mongolia. Mr Young has a M.A. (Hons) joint
degree in Economics/Politics from the University of Edinburgh.
Kirsten Livermore (Non-Executive Director) has over 25 years'
experience in policy, regulation and issue management relating to
mining. She served 15 years in the Australian parliament
representing a large rural electorate, with a significant resources
industry. Kirsten led the Australia Mongolia Extractives Program
and worked closely with the Mongolian Government and partners
to improve mining law, regulation, geoscience data and
professional standards. Kirsten has a law degree from the
University of Queensland and MSc in Development Management
at the London School of Economics.
Phil Rundell (Company Secretary) is a former Partner at
Coopers & Lybrand (now PriceWaterhouseCoopers) and a
Director at Ferrier Hodgson. He is now a sole practitioner
Chartered Accountant specialising in providing company
secretarial, compliance, accounting and reconstruction services.
Partners working together for IPO
5
 HIGHLY EXPERIENCED LOCAL TEAM​
Local Team
Otgonjargal Bayarbat, Senior Geologist
Exploration geologist with more than 20 years'
experience in the minerals industry. Managed
exploration projects for gold, copper, molybdenum,
wolfram, graphite, limestone and coal in Mongolia.
Batkhurel Battulga, Business Manager
Mineral industry professional with 13 years’ experience
as geologist and GIS specialist working in coking coal
and metals exploration, database management. He is
graduate of Mongolian University of Science and
Technology.
Purevdorj Dorjsuren, Finance Director
Mining finance professional with 11 years’ experience
in the industry including senior positions with contract
mining operator MNO and Khan-Altai Resources. He is
graduate of Greenwich University, UK and National
University of Mongolia in economics.
Purevdulam Lkhagvasuren, ESG Specialist
Has over 10 years’ experience in the minerals sector of
Mongolia regarding ESG, including community
relations, stakeholder engagements, environmental
and social impact assessment and compliance. She
has a master’s degree in Environmental Management
from the University of Queensland, Australia.
Technical team at Khukh Tag
Graphite project site
Consultants
PhD. Gerel O, Geology Advisor (Geological
Consultant)
Over 50 years’ experience as geology professor at
University of Science and Technology of Mongolia. She
is an well known scientist, full member of the
International Academy of Higher Education, foreign
member of the Russian Academy of Natural Sciences,
adjunct professor of the Institute of Minerals of the
Chinese Academy of Geology.
Tseden Ts, Technical Advisor (Geological Consultant)
Over 50 years' experience as a geologist working in the
minerals industry, expertise includes exploration of rare
earth elements and rare metals in Mongolia. His
research work covers more than 10 REE projects in
Mongolia, such as Mushgia Khudag, Lugiin Gol,
Khalzan Burgedei, Khanbogd and Khotgor.
Consultants
Rodney Graham (Technical advisor) is one of RPM Global’s
experienced managers and has performed in senior roles in
several studies of this nature. Rod has nearly 40 years’
experience in the mining industry worldwide, including 19 years
in Mongolia.​
Bob Dennis (Technical advisor, Khukh Tag Graphite
project) is an accomplished executive consultant with over 34
years of relevant industry experience. Bob is a CP under JORC
for graphite projects and has been involved in all
of RPMGlobal’s graphite projects to date either as a consultant
or peer reviewer.​
Elisabeth Ronacher (Principal Consultant to Ronacher
McKenzie Geoscience) is an experienced geologist with
expertise in exploration data analysis and a strong academic
background. Together with her company’s geophysics team
she brings a range of skills to Asian Battery Minerals.
Benedikt Steiner (Geological consultant, Lithium exploration)
is program lead at CSM, chartered geologist (CGeol, EurGeol)
with 13 years industry experience and Qualified Person for
JORC, NI43-101 and PERC compliant reporting and evaluation.​
Gavin Beer (Technical advisor, Lithium exploration) is
a metallurgist with 29 years of experience in operational and
technical roles in multiple commodities around the world.
Gavin has specialized in flowsheet development
and optimization for rare earths, niobium and lithium
technology metals.​
6
ENERGY TRANSITION TO 2050
EV MARKET IS LED BY CHINA AND EU IN THE NEW POLICIES

• Demand for higher performance products in EVs and ESS

2021 2022 2030 2030 2030
(expected)
(Energy Storage System) is driving the industry towards higher
STATED ANNOUNCED NET ZERO
POLICIES PLEDGES EMMISION
proportions of battery minerals demand.
(STEPS) (APS) BY 2050 • The EV market is led by China and Europe in the New Policies
(NZE) such as EV30@30, NZE by 2050
EV stock 16.5M 33.6M 200M 270M 350M • Global EV sales level is progressing close against Announced
Pledges Scenario
EV % - - 10% 14% 20% • Globally over 16.5 million electric cars were on the road in
EV sales 6.8M 10.3M 30M 45M 65M 2021, a tripling in just three years
• EV Sales are now on track for 10.3 million (est.) in 2022, growth
of 52% vs expected growth of 30% (Stated Policies Scenario)
EV sales and forecast scenarios (millions)(1)

65 China continues to dominate the gigafactory pipeline (May 2022)(2)

45
52% 30
112%

6.8 10.3
2.4 3.2

2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

Source: (1) Global Electric Vehicle Outlook 2022, IEA, Market Analysis & Economics 2022, BHP. (2) Benchmark Quarterly, Q2 2022
Reference: The EV30@30 campaign was launched at the 8th CEM in June 2017 with the goal of accelerating the deployment of electric vehicles with a target of at least 30 percent new
electric vehicle sales by 2030. The campaign currently totals 13 member countries and 23 supporting companies and organizations. Net Zero Emissions by 2050 Scenario – would require all 7
car markets to have 100% ZEV sales by 2035.
IMPACT ON BATTERY METALS MARKET DEMAND
EVs INCREASE BATTERY DEMAND SIXFOLD & DRIVE RAPID EXPANSION IN ALL PARTS OF SUPPLY CHAINS

Graphite Lithium Nickel Recent accounting by Benchmark

Mineral Intelligence, the announced battery
7,000 4,000 6,000 production capacity by private companies
3,500 for EVs in 2030 amounts to 4.6 TWh, a
6,000 5,000
3,000 3,040 higher value than for both the STEPS and
5,000
2,500 4,000 APS demand.
4,000 6,100 3,322
7,210 2,000 4,000 3,000 6,200
Kt
Kt

Kt
3,000 To meet exceptional volumes of demand for
1,500
2,000 key raw materials (in metals) in 2035, the
2,000 1,000 3,160 market needs:
1,000 500 1,000
1,110 678
0 0 0 • Graphite + 109 new mine (56Ktpa)
2022 2035 2022 2035 2022 2035
• Lithium + 74 new mines (45Ktpa)

Raw materials • Nickel + 72 new mines (42Ktpa)

• The NZE by 2050 pathway requires more supply than currently planned based on average raw material (in metals)
• Battery chemistries are evolving in response to tight supply, it could help bridge the gap per annum.
between demand and supply

Source: Benchmark Mineral Intelligence 8

IMPACT ON BATTERY METALS MARKET REQUIREMENT

And commodities used in energy transition need to be

1. ETHICALLY SOURCED 2. ENVIRONMENTALLY RESPONSIBLY MINED

Mineral products need to be Using better technology with
traceable and transparent less pollutants, waste and footprint

3. ENERGY EFFICIENTLY PRODUCED

Preferably net zero carbon on
energy consumption

for successful project development, financing and implementation.

9
EV BATTERY SUPPLY CHAIN AND CHINA'S ROLE
CHINA DOMINATES THE ENTIRE DOWNSTREAM SUPPLY CHAIN

Geographical distribution of the global EV battery supply chain China dominates the entire downstream EV
battery supply chain
• 80% of global graphite mining
• Up to 70% of material processing
• 70% of global cathode material
• 85% of global anode material
• Up to 85% of cell components
• 76% of global EV battery production
• EV battery production capacity in 2021 : 655
GWh

Source: Global Electric Vehicle Outlook 2022, IEA

ABM supplying battery minerals for these applications

IT PRESENTS TREMENDOUS
OPPORTUNITY FOR ASIAN BATTERY
Graphite ore
+94% C Uncounted PSG Battery Anode MINERALS TO TAKE POSITION IN THE
concentrate Coated PSG Material
BATTERY MINERAL SUPPLY CHAIN
+4% LiO2 Lithium Hydroxide
Lithium ore
concentrate Lithium Carbonate
Nickel ore Metal concentrate Nickel Sulphate
10
Reference: PSG – Purified Spherical Graphite
MONGOLIA – MATURING MINING JURISDICTION
Regulatory Environment
• Exploration license is issued for 12 years with
EXCLUSIVE RIGHT TO CONVERSION for
mining license of 30 years
• COMPETITIVE TAXATION framework,
including import tax exemption to Japan and
EU for natural graphite produced from
Mongolia based on the bilateral trade
agreement. VAT exemption on all
exported minerals
• Development approach requires focus on
LOCAL ECONOMY AND COMMUNITY
DEVELOPMENT
• Legal framework is MATURING FOR ESG
ACTIVITIES, stakeholder coordination, cultural
heritage protection and approval process
• Permitting process requires ACTIVE MULTI-
LEVEL STAKEHOLDER ENGAGEMENT and
consultation
Reference:
4. Measure of the quality of governance regarding allocation extraction rights, exploration, production, environmental protection, revenue collection and state-owned
enterprises.
5. Measure of the quality of national budgeting, subnational resource revenue sharing and sovereign wealth funds.
Country Profile
Resource Governance Index 2021(1) • GDP 2021(2): USD 15.1 billion
Value realization(4) • GDP per capita 2021(2): USD 4121
61/100 (satisfactory) • Export to China 2021(3): (83%)
70/100 Revenue Management (5) • Sector strength: Mining and agriculture
satisfactory 71/100 (satisfactory) • Ease of doing business(2) – 81/190
Enabling Environment (6) • Corporate tax rate: 10%/25%
78/100 (good) • Mining royalty: 5% (in general)
Source: 1. National Resource Governance Institute 2. World Bank 3. Trading Economics
A place to be for ...
• Political System – Multiparty Democracy
• Population density – 2 people per km2 (world average 454 people per km2)
• Enrolment rate in schools – 97% (world average 89%)
• Youth literacy rate – 98% (global 93%)
• Maternal mortality – 38 per 100,000 lives (global 152 per 100,000 lives)
The Operational Team – Experienced in Mining Projects
100+ years of in-country combined experience in mineral exploration, ESG, project
development, mining operation and project finance.
11
SUSTAINABILITY COMMITMENTS
COMMUNITY DEVELOPMENT, ENVIRONMENTAL PROTECTION, CARBON NEUTRALITY AND TRANSPARENCY
Sustainability goal
To become one of the industry
leading companies that is fully committed
to community development,
biodiversity protection, carbon neutrality
and transparency.
Current actions H1 2022
Environment
• Completed archaeological and
paleontological studies for all our mineral
exploration tenements in 2021/2022
• Obtained approvals for all necessary
environmental permits, plans and reporting
for 2022 exploration
Social and Governance
• Established community development and
corporate social responsibility agreements
with Dundgobi and Govi-Altai provinces.
Planned actions (2023-2025)
Environment
• Adopt highest level industry standards such as
the SABS metals and mining, and regularly report
on items that are material
• Develop biodiversity action plan
• Carry out climate risk assessment
Social
• Adopt inclusion and gender equality policy
• Develop stakeholder and community
engagement plan
• Adopt labour management procedure
Governance
• Establish ESG committee chaired by a board
member
Sustainability approaches
 Inclusion and diversity
 Integrity and transparency
 Energy efficiency and innovation
 Environmental responsibility through technology,
practice and management commitment.
12
KHUKH TAG GRAPHITE PROJECT

Khukh Tag camp -2022 Diamond Drilling at Khukh Tag Massive graphite schist at
KHD26

13
Central zone – Khukh Tag graphite project
 UNDERSTANDING GRAPHITE MARKET
CHINA DOMINATES ALL STAGES OF ANODE MATERIAL CHAIN

Graphite demand by application

The battery sector will see the largest growth in demand rising 21% a
2022 2050 year between 2020 and 2030
Batteries
Electrodes
Natural flake graphite for use in lithium-ion batteries is first purified and
Refractories shaped into the intermediate product spherical graphite.
Refractorie Recarburising
Batteries
755Kt 20% s 418Kt 4% Batteries Foundries The global decarbonization requires more graphite than lithium and
Electrodes 6,109Kt
1,831Kt 58%
Graphite shapes cobalt combined
Electrodes
17% Lubricants • Much higher than final demand from the anode material
1,249Kt
Refractories 33% Friction products manufacturers (natural flake graphite processing yield is just 30-70%)
520Kt 14%
Other

Battery market growth and associated graphite demand Top Li-ion anode manufacturers, 2021 • China produces 100%
Shanshan of the world's spherical
Other, 9% (China), 13%
graphite
BTR (China),
11% • 80% still uses high
levels of hydrofluoric
Hitachi
Chemical acid (HF)
(Japan), 8%
Other
• Potential to be highly
POSCO
China, 54% (South polluting, making it
Korea), 5% expensive to handle
Source: Graphite market 2021 outlook to 2050, Wood Mackenzie 14
WHY NATURAL GRAPHITE?

Synthetic graphite Natural graphite

2020 58% Synthetic graphite 39% Natural graphite
4% Natural and Synthetic graphite are
Other used in lithium-ion batteries
10% alongside other carbon and non-
2030 41% Synthetic graphite 49% Natural graphite
Other carbon materials, with choice
coming down to:
4.9kg of CO2 80g sulfur
oxide (Sox) 1-2kg of CO2
per kg of graphite 1kg per kg of graphite • final battery application
5.5g particulate 1kg
1kg • cost and
matter (PM10) CO CO CO CO
13.5g nitrogen
2 2 2 2
• regional availability of material
oxide (NOx)
In general, higher performance
Expensive $ Low production synthetic graphite is preferred in the
manufacturing $ $ $ $
$ $
cost anodes of batteries for EV and ESS;
$ $ $ $ $
$12-$13 per kg $4-$8 per kg however, the strong growth rates
$ $ $ $ $ $ $ $ $ forecast for the battery sector shows
significant growth opportunities for
natural graphite.
Energy intensive Low energy
manufacturing process required

Source: Northern Graphite Corporation Presentation 2021 15

KHUKH TAG GRAPHITE PROJECT
OVERVIEW

The project has significant competitive advantage in operation

and logistics, being one of highest-grade graphite deposits in
Mongolia.

Mineral Exploration Tenement

• 954 ha area in Dundgobi Province
• 320 km from UB, 90 km industrial area of Choir
• 80 km from the nearest rail station of Airag
• 35 km from paved road and state power grids

Mineral resource in accordance with JORC 2012(1)

Tonnes TGC Cont. Graphite
Mt % (Kt)
INDICATED (Central) 1.4 13.9 197.7
INFERRED (Central + Discovery) 6.9 10.1 694.0
TOTAL MINERAL RESOURCE 8.3 10.8 891.8
UN-CLASSIFIED MINERALISATION
EXPLORATION TARGET(2)
3-4.4 6-12 180-528 LEGEND

EXPLORATION TARGET 13-89 4.4-9.3 660-8300

(1) See Competent Person Statement, page 2
(2) Unclassified mineralisation zones were based on single drill hole intersections.

16
KHUKH TAG GRAPHITE – Mineral Resource
• Extended high-grade part of Central ore zone (C body) by 165
meters to west and open for further drilling (all in apparent
thickness)
• Medium grade southern B zone in Central area was
expanded from only one hole intersection
• There are a lot of areas for expanding resource and further
works will focus on higher grade/higher quality part of the
deposit
• Mineral Resource (JORC) of Central Area is 4.1Mt @
12.5% TGC

Khukh Tag Project Flake Size Classification(1) (based on ore

analysis at SGS Tianjin)
Classification Sieve Size (μm) % in Interval Cumulative %
Jumbo >300 11.4 11.4
Large 180-300 19.3 30.7
Medium 150-180 15.7 46.3
Small 75-150 29.4 75.8
Fine <75 24.2 100.0

• Limited metallurgy and ore processing studies indicated that

good grade concentrates (>95% Cg) could be made using
conventional technology.

(1) See Competent Person Statement, page 2.

17
KHUKH TAG GRAPHITE – Resource Expansion Potential
WORKFLOW 2022/Q4 – 2023/Q2
A new graphite-bearing schist outcrop was discovered in the
Discovery Zone with grade ranging 7-20% TGC.
Discovered new relatively shallow dipping (40 -50 degrees)
ore body at west zone, open along strike and down dip.
• 55.7m @18.03% TGC from 1.7m was discovered
at KHD43 in the West Zone
• 43.0m @16.97% TGC from 5.3m was discovered
at KHD03 in Discovery Zone
• 24.3m @ 9.18% TGC from 11.2m was discovered
at KHD05 in Discovery Zone
(true thickness)

KHD43
FUTURE EXPLORATION WORKS
55.7m @18%
1. Ore processing workflow development, flake analysis
and anode material suitability tests for product
development
2. Electromagnetic study over key target areas
3. The staged drilling program that will consist of 3000m or
KHD03 42 drill holes to confirm continuity of mineralisation and
Open
43.0m @17%
extend resource footprint at Central Zone.
KHD05
24.3m @9% 4. 3000m or 42 drill holes for West Zone and 2000m or 38
drill holes planned for Discovery Zone.

See Competent Person Statement, page 2.

18
 EMISSION AND TRANSPORTATION COMPETITIVENESS
(INDICATIVE ESTIMATE)

EU regulation on battery minerals

CO2 kg/tn Mongolia
European Commission is planning to adopt a new regulation that
will cover full life cycle of batteries including battery mineral
217 (Balama) transportation and their carbon emissions.

35 (Khukh Tag) Close location competitiveness - Mongolia

• Closest location to main battery industry
• Low transportation cost vs African suppliers
• Low carbon profile and ethical sourcing
Tanzania • CO2 emission on transportation is potentially 5-6 times lower
vs African suppliers
Madagascar
Low transportation cost to Chinese market
Mozambique
182 kg/tn
Namibia Projects Road Rail Sea Cost CO2
(km) (km) (km) (U$/t) (kg/t)
Balama, Syrah
490 - 13,600 155-160 217(3)
Resource(1)
Notes on indicative emissions calculation
1. Freight truck emission per ton km – 52.7g (https://www.transportenvironment.org 202108 truck CO2 report) Khukh Tag
80 1,130 - 60-65 35
2. Freight train emission per ton km – 27.5g (https://dataportal.orr.gov.uk rail emissions 2019-20) Graphite(2)
3. Maritime transport émission per ton km – 14g (https://www.ecta.com 2021/03/ECTA-CEFIC Guideline for
measuring and managing CO2 issue 1) Reference:
When conducting indicative calculations of emissions, final transportation destination for each mine was 1. Destination to main ports of China, Balama Graphite Feasibility Study, May 2015
identified using publicly available information. It should be noted that emission factors used for different 2. Destination to main Chinese market, preliminary cost estimation
transportation modalities were the same in this exercise regardless of the country. 3. CO2 calculation is based on indicative estimate of ABM 19
TSAGAAN DERS LITHIUM PROJECT

Pegmatite dyke Pegmatite dyke Pegmatite dyke and two mica granite Mica and pegmatite outcrop

20
Project site
TSAGAAN DERS LITHIUM PROJECT
CENTRAL MONGOLIA

• The geology of the region consists of localized

exposures of Proterozoic metasedimentary
sequences cut by small Devonian felsic
intrusions and large Permian volcanic and
intrusive complexes.
• ‘Classic’ rare element enrichment trends visible
within creasing magmatic fractionation of the
rock (K/Rb < 150).
• A link to fertile S-type granite.
• Highly anomalous in lithium, cesium, rubidium
and tin.
• Predominantly lepidolite with other minerals
such as zinnwaldite, spodumene etc.
• Pegmatitic border zone show highly to very
highly elevated values for lithium. Other
elements showing elevated values are possible
by-products.

21
TSAGAAN DERS LITHIUM PROJECT
PRELIMINARY RESULTS
• Highlights of rock chip and grab sampling program 2021-2022:
Li01 – 1.39% (Li2O), 0.24% (Rb)
Li05 – 2.15% (Li2O), 0.34% (Rb)
Li06 – 1.76% (Li2O), 0.44% (Rb)
2122 – 3.00% (Li2O), 0.45% (Rb)
Average – 1.41% (Li2O), 0.32% (Rb)

• 100-300 m wide over approximately 900m in east and grades

into two-mica granite, narrowing to 50-100m wide
over approximately 800 m in the west.

• Exploration target ranges between 3.2 - 4.2Mt to a depth of 20m,

or 8.5-10.4Mt to a depth of 50m, at a grade of 0.8-1.0% Li2O in
three blocks.

FUTURE WORKS FOR LITHIUM

Identify development potential for zero waste – sustainable
lithium operation in Mongolia
• Understand and delineate higher grade and prospective pegmatite
zones for drilling at Tsagaan Ders project
• Evaluate other value add opportunities

22
OVAL NI-CU-PGE PROJECT
North zone

Gabbro

Gossan area Central zone Contact alteration Country rock Augering

23
Oval prospect area
 OVAL NI-CU- PROSPECT
SNAPSHOT

In unexplored portion of the world's

most prolific metallogenic belt
with multiple Ni-Cu-PGE mines and
deposits –Central Asian Orogenic
Belt (CAOB)
• A discrete mafic (ultramafic?)
intrusion emplaced near
transcrustal - scale faults at
a cratonal margin;
• A provisional/preliminary
radiometric age date
equivalent to that of defined
Oval prospect area
deposits in the CAOB;
Mineral exploration tenement area
• Dimensions are similar in scale
• 10600 ha area in Gobi-Altai
to known mineralized mafic/ province.
ultramafic intrusions in
the CAOB; Infrastructure and accessibility
Eastern Tianshan located at the southern margin of the CAOB has better metallogenic conditions and it is
• 1050 km from Ulaanbaatar, 550
an important base of nickel–copper resources in China based on accounting for 31.4% of the nickel km paved road from nearest
resources in Xinjiang Takeshiken /Bulgan port, and 30
km from state power grid

24
OVAL NI-CU PROSPECT
GEOLOGICAL WORK INDICATION OF POTENTIAL mineralisation EXTENSION

• Oval Ni-Cu prospect is highly prospective

target due to key Oval prospect
geological characteristics:
• The presence of at least one gossan at the EXPLORATION FOCUS
contact between mafic rock
and hornfelsed country rock; • Constructing new geological
model
• Copper staining in float elsewhere along the
contact between mafic rock • Low-cost exploration
and hornfelsed country rock; to mitigate risk to prove
the concept
• A distinct geochemical signature • Scale-up from prospect to
characterized by high values in nickel, regional targets
copper, gold, and platinum-group elements
1.4 km • Evaluate district scale
in both gossan and weathered mafic rock;
potential
• Soil sampling peak values - 5256 ppm
Ni, 5257 ppm Cu, 39 ppb Pd, and 40
ppb Pt
• Textures in highly weathered mafic
outcrop reminiscent of net-textured patterns
seen in typical
magmatic sulphide orebodies. Open

25
 GOSSAN ZONE
OXIDIZED EXPOSURE AT SURFACE

Oval Zone
Shist
Amphibolitization
gabbro
Shist

Moderate hematite, limonite, weakly malachite Strong silica, hematite gossan Ni-1.6%, Cu-
amphibolitic gabbro Ni-1.9%, Cu-1.8% 0.85%, Pd-0.65g/t, Pt-0.17g/t

Chlorite, albite Gossan

Altered schist

Moderate hematite, limonite, weakly malachite Strong silica, hematite, limonite, weakly
amphibolitic gabbro Ni-1.6%, Cu-2% Gabbro malachite gossans
(inferred)

Chlorite, albite
Altered shist

Gabbro
Strong silica, hematite, limonite gossan (inferred) Strong silica, hematite gossan
Ni-0.4%, Cu-0.7%, Pd-0.63g/t, Pt-0.43g/t Oval - Gossan (average) Ni-1.64%, Cu-0.85%,
Ni-0.65% , Cu-0.65%, Au-0.06 g/t
Pd-0.03 g/t, Pt-0.18 g/t 26
INVESTMENT PROPOSITION – Asian Battery Minerals Ltd.

Experienced board in Diversified development

Strong local team and
resource/energy sector and in
international technical expertise options for mid and downstream
Mongolia markets

Strategic location next to Under explored area for battery

Multi commodity exposure to
largest midstream market for minerals exploration upside
battery minerals global energy transition
opportunity

100% ownership of assets in Strong equity position from Proposed listing to ASX in Q4
geologically well endowed cornerstone investors and board 2022, with battery minerals focus
jurisdiction for long term support in Mongolia

27
EXPLORATION WORKS AND NEWS FLOW
VALUE CATALYSTS

2022 Q3 2022 Q4 2023 H1 2023 H2

• Product development and marketing
• IPO (Dec 22 – Feb 22) • Economic assessments
• Exploration works on projects

• Pre-IPO capital raise

 Seed Round capital raise
 Independent technical report
Khukh Tag Graphite Project
 Maiden JORC report
Tsagaan Ders Lithium Project
 Geology mapping & structural
study
Oval Ni-Cu Project
 Magnetic survey to
confirm intrusion
 Intrusive Age Determination
• Independent audit review
• Independent legal opinion
• IPO prospectus
Khukh Tag Graphite Project
• Mineral processing tests
• Electro-Magnetic study
Tsagaan Ders Lithium Project
• Detailed mapping/sampling
• Mineralogy and petrography
• Geochronological study
Oval Ni-Cu Project
• Geophysical data processing
• Scout drilling
• Interpretation and targeting
Khukh Tag Graphite Project
• 6000-8000m drilling for
resource upgrade
• Update Maiden JORC report
Tsagaan Ders Lithium Project
 Trenching & Structural study
 Initial drilling program -1500m
Oval Ni-Cu Project
Electro-Magnetic survey in the
drill target area
Initial exploration
drilling 1500m drilling at Oval
prospect
Khukh Tag Graphite Project
• Optimization and bulk
flotation testwork
• PFS
Tsagaan Ders Lithium Project
• 1500m exploration drilling
• Preliminary flotation process
study
Oval Ni-Cu Project
• Regional magnetic survey for
additional mafic-ultramafic
intrusions
• Phase II: 2000-5000m drilling
subject to results of Phase I

28
RISK

• Exploration and development: Mineral exploration and development is a speculative and high-risk undertaking that may be impeded by circumstances and factors beyond the control
of the Company. The Company is subject to customary risks associated with an exploration company, such as the volatility of commodity prices and exchange rates, exploration
costs and risks with respect to the holding of exploration tenure.
• Funding: The funds raised under the IPO capital raising are considered sufficient to meet the immediate objectives of the Company. To support its ongoing operations and
implementation of strategies, further funding may be required by the Company in the event that costs exceed estimates or revenues do not meet forecasts.
• Foreign Jurisdiction: The Company’s projects are located in Mongolia and the Company will be subject to the risks associated with operating in that country. Such risks can include
economic, social or political instability or change, hyperinflation, currency non-convertibility or instability and changes of law affecting foreign ownership, government participation,
taxation, working conditions, rates of exchange, exchange control, exploration licensing, export duties, repatriation of income or return of capital, environmental protection, mine
safety, labour relations as well as government control over mineral properties or government regulations that require the employment of local residents or contractors or require
other benefits to be provided to local residents.
• Exploration: The Company’s projects are at various stages of exploration, and potential investors should understand that mineral exploration and development are speculative and
high-risk undertakings that may be impeded by circumstances and factors beyond the control of the Company. Success in this process involves, among other things:
• discovery and proving-up, or acquiring, an economically recoverable resource or reserve;
• access to adequate capital throughout the acquisition/discovery and project development phases;
• securing and maintaining title to mineral exploration projects;
• obtaining required development consents and approvals necessary for the acquisition, mineral exploration, development and production phases; and
• accessing the necessary experienced operational staff, the applicable financial management and recruiting skilled contractors, consultants and employees.
• There can be no assurance that exploration of the Tenements, or any other exploration properties that may be acquired in the future, will result in the discovery of an economic
mineral resource. Even if an apparently viable deposit is identified, there is no guarantee that it can be economically exploited. There is no assurance that exploration or project
studies by the Company will result in the definition of an economically viable mineral deposit or that the exploration tonnage estimates and conceptual project developments
discussed in this Prospectus are able to be achieved. The future exploration activities of the Company may be affected by a range of factors including geological conditions,
limitations on activities due to seasonal weather patterns, unanticipated operational and technical difficulties, industrial and environmental accidents, changing government
regulations and many other factors beyond the control of the Company.
• The operations of the Company require the involvement of a number of third parties, including suppliers, contractors and clients. Financial failure, default or contractual non-
compliance on the part of such third parties may have a material impact on the Company’s operations and performance. It is not possible for the Company to predict or protect the
Company against all such risks.
29
 THANK YOU
Mongolia Australia

#304-305, 3rd floor, MERU Office, 9th Floor, 190 St Georges Terrace
Jamiyangun street, Perth, Western Australia
1st khoroo, Sukhbaatar district, 6000 PO Box 1918
Ulaanbaatar, Mongolia contact@asianbatteryminerals.com

30