emerging battery minerals supplier

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An Emerging Battery Minerals Producer A near-term vision to build a portfolio of battery minerals assets around the resumption of cashflow at the Punitaqui mine to capitalize on the increasing global “mega” trend of electrification December 2021

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Page 1: Emerging Battery Minerals Supplier

An Emerging Battery Minerals ProducerA near-term vision to build a portfolio of battery minerals assets around the resumption of cashflow at the Punitaqui mine to capitalize on the increasing global “mega” trend of electrification

December 2021

Page 2: Emerging Battery Minerals Supplier

Cautionary Note Regarding Forward-Looking Information

2

Disclaimer and Information About this PresentationProspective investors should rely only on the information contained in the Filing Statement dated February 5, 2021 and, if applicable, the related U.S. placement memorandum. A prospective investor is not entitled to rely on parts of the information contained inthis presentation to the exclusion of others. This presentation is qualified in its entirety by reference to, and must be read in conjunction with, the information contained in the Filing Statement. The Company has not authorized anyone to provide prospectiveinvestors with different or additional information. If anyone provides prospective investors with additional or different or inconsistent information, including information or statements in media articles about the Company, prospective investors should not rely onit. Prospective investors should not assume that the information contained in this presentation is accurate as of any date other than the date of the Filing Statements, or where information is stated to be as of a date other than the date of the Filing Statement,such other applicable date. No securities regulatory authority has expressed an opinion about the securities described herein and it is an offence to claim otherwise. An investment in the securities described herein is speculative and involves a number of risksthat should be considered by a prospective investor. Prospective investors should carefully consider the risk factors described under “Risk Factors” in the Filing Statement and other information included in the Filing Statement before purchasing the securitiesdescribed herein.The Company is not offering, or soliciting offers to acquire, the securities described herein in any jurisdiction in which such offer or solicitation is not permitted. For prospective investors outside Canada, neither the Company nor the Underwriters have doneanything that would permit the offering or distribution of this presentation together with the Filing Statement in any jurisdiction where action for that purpose is required, other than in Canada. Prospective investors are required to inform themselves about and toobserve any restrictions relating to the offering and the distribution of this presentation and of the Filing Statement. In this presentation, all amounts are in Canadian dollars, unless otherwise indicated. Capitalized terms used but not defined herein have themeanings ascribed to them in the Filing Statement.Forward-Looking InformationThis presentation contains “forward-looking information” within the meaning of applicable Canadian securities laws, which may relate to the Company’s future outlook and anticipated events or results. In some cases, but not necessarily all cases, forward-lookinginformation can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, orvariations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved”. In addition, any statements that refer to expectations, predictions, indications, projections orother characterizations of future events or circumstances contain forward-looking information. Forward-looking statements are not historical facts but instead represent management’s expectations, estimates and projections regarding future events.Forward-looking statements in this presentation may include statements regarding management’s beliefs, expectations or intentions regarding the size, completion, expenses and timing of the closing of the Offering, industry trends, market growth rates and theCompany’s future growth rates, plans and strategies, projections of commodity prices and costs, the future financial or operating performance and condition of the Company, including its business, operations and properties, planned exploration and developmentactivities and the costs and timing thereof, the intended use of the net proceeds of the Offering, trends in the global cobalt, lithium and graphite markets, the adequacy of the Company’s financial resources, timing, receipt and maintenance of approvals, consentsand permits under applicable legislation. The foregoing list should not be construed as exhaustive and should be read in conjunction with the information in the Filing Statement under the heading “Cautionary Note Regarding Forward-Looking Information”.These statements and other forward-looking information are based on opinions, assumptions and estimates made by the Company in light of its experience and perception of historical trends, current conditions and expected future developments, as well asother factors that the Company believes are appropriate and reasonable in the circumstances as of the date of this presentation, including, without limitation, assumptions about the ability to raise additional capital; future prices of cobalt, lithium and graphite;the Company’s competitive advantages; current market dynamics; the timing and results of exploration and drilling programs; and the availability and amenability of metallurgical and processing technologies for processing extracted minerals;. There can be noassurance that such estimates and assumptions will prove to be correct. If any of the assumptions or estimates made by management prove to be incorrect, actual results and developments are likely to differ, and may differ materially, from those expressed orimplied by the forward-looking information. Accordingly, prospective investors are cautioned not to place undue reliance on such information. The foregoing list of assumptions should not be construed as exhaustive and should be read in conjunction with theinformation in the Filing Statement under the heading “Cautionary Note Regarding Forward-Looking Information”.While such opinions, assumptions and estimates are considered reasonable by the Company as of the date such statements are made, they are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actualresults, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to future requirements for additional capital, a limited operating history, the demandfor and prices of lithium, cobalt and graphite, property title risk, exploration risk, mineral processing risk, uncertainty in relation to Inferred Mineral Resources, a negative cash flow; governmental regulation of the mineral exploration and development industry;the loss of an investor’s entire investment; an arbitrary offering price; volatility in the price of the ordinary shares; the potential for additional dilution; absence of a market for the ordinary shares and future sales of ordinary shares by directors and officers of theCompany. These factors and assumptions are not intended to represent a complete list of the factors and assumptions that could affect the Company. Refer to “Risk Factors” in the Filing Statement.The forward-looking statements included in this presentation are expressly qualified by this cautionary statement and are made as at the date of the Filing Statement. The Company does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

Page 3: Emerging Battery Minerals Supplier

Supportive Shareholder Base

3

Battery Minerals Resources Corp. TSXV:BMR

Cash C$3 M

Typical Share Price (C$/share) C$0.50

Shares Outstanding - non-diluted 171 M

Shares - diluted (11M options, no warrants) 182 M

Market Capitalization - non-diluted C$85.5 M

Major Shareholders

Capital Structure

(1) BMR shares are held within Yorktown LP’s and Weston Energy entities

(2) Weston Entities and the Yorktown Entities collectively own 104,2708138 Common Shares, representing approximately 62.1% of the issued and outstanding Common Shares

Yorktown 61.02% 1,2,

Fusion Shareholders,

0.9%

Bluequest, 5.85%

Institutional Investors, 32.23%

Share Performance

Share Volume Progression1,273,428 - November (avg. 60.6k per day)1,014,553 - October (avg. 48.3k per day)892,022 - September (avg. 42.5k per day)113,349 - August (avg. 5.2k per day)

Presenter
Presentation Notes
Avg price last 30 days was 0.53 3 periods before that were 0.71, 0.72, 0.59
Page 4: Emerging Battery Minerals Supplier

4

Diverse Asset Portfolio Distinguished by Complementary Commodity ExposureHigh quality exploration and development pipeline to underpin

future growth in the EV and renewable energy sectorChile Established Copper DistrictHistorical operations (put on care & maintenance in 2019) and resources which require infill drilling to define an updated 43-101 mine plan –targeted for Q1

Ontario Cobalt BeltA region with over 100-year history of discovery and production. BMR’s McAra discovery is the first AND highest-grade cobalt dominant deposit worldwide, in more than 50 years

Idaho Cobalt District A historically productive region adjacent to a US copper-cobalt mine in currently in development; multiple surface & subsurface zones of copper-cobalt mineralization

Nevada - LithiumA globally prolific mining region where BMR has a High-grade drill ready lithium target

South Korea - Graphite South Korea is the world’s 2nd largest graphite producer where BMR has two advanced-stage “brownfield” graphite projects

CoCOBALT - SILVERCo

GRAPHITEC

SOUTH KOREA• Geuman• Taehwa

LITHIUM Li

COBALT

COPPER

IDAHO, USABonanza

ONTARIO, CANADA• McAra• Gowganda• Fabre• Shining Tree• Elk Lake• Wilder• White Reserve• White Lake

NEVADA, USAAmargosa

Cu

REGION IV, CHILE

Punitaqui Mining Complex

Page 5: Emerging Battery Minerals Supplier

Exploration of drill-ready cobalt property in the Idaho Cobalt Belt contingent to a developing cobalt mine soon to be in production

5

Our Growth Strategy Near-term growth

potential in mining friendly jurisdictions

A growth portfolio of mining assets that benefits from:

Projects at different stages of the value chain

Projects across the continuum of EV minerals to benefit from increasing global trend of electrification

Four-Pronged Plan To Add Shareholder ValueCommodities offered: Copper, Cobalt, Lithium & Graphite

Resumption of operations at Punitaqui Cu-Au Mine with near-term production and cash flow, followed by aggressive regional exploration

Aggressive exploration in Ontario to advance more than 50 known mineralization targets and upgrade existing mineral resources

Longer-term development of lithium and graphite projects in the U.S. and South Korea

“Near-term cash flow provides a significantopportunity for a re-rating of BMR market valuation”

Page 6: Emerging Battery Minerals Supplier

The Punitaqui Complex - Punitaqui Cu-Ag-Au Mine - Chile

View looking north along San Andres trend showing drill and drill pads

View of the Punitaqui plant operating at night

Page 7: Emerging Battery Minerals Supplier

Acquisition of the Punitaqui Mining Complex

Excellent platform from which to build a companyLow-cost acquisition/entry point – US$15MLow initial capital requirements – US$10MShort timeframe to production – 9-12 monthsStrong positive cashflow – up to 25M lb. @ US$2

marginLow investment riskCommitted to redeploying future cash flows towards

other accretive investmentsUnderpinned by a robust outlook for Cu & Co

7

Strategic Rationale – Why this Asset Now?

“A near-term vision to build a portfolio of battery minerals assets around Punitaquicashflow to capitalize on the increasing global “mega” trend of electrification”

Total acquisition +development + re-startinvestment of ~US$35M Re-start within 9-12

months of productiondecision to a potentialannual EBITDA ofUS$40-50M Initiated +6,000-meter

drill program to increaseresources and definerobust mine plan

Page 8: Emerging Battery Minerals Supplier

Established Copper District with Good Infrastructure

8

Sizeable area: 8,095 hectares – Mining & Exploration Concessions

Punitaqui

Punitaqui Mining Complex situated at lowerelevations ~ 120 km south of city of La Serena &the port of Coquimbo, Chile

Plant complex centrally located in Punitaqui districtand is proximal to Four satellite copperdeposits: San Andres, Cinabrio, Cinabrio Norte &Dalmacia. All have drill ready resource targets andunderground development

Classic IOCG and mantos-style copper belt thatcomprises mantos and structurally controlledcopper-gold-silver veins

The process plant is currently permitted for 3,000tpd with allowances up to 3,600tpd*

Processing – Standard copper sulphide Crush / Grind / Float process to produce a Cu–Au concentrate

Water / Power from local sources and local supplier (key advantage vs. most operators in Chile)

Tailing containment is a series of dams & transitioning to paste tailings to extend life of TSF

Very little recent exploration drilling on theconcessions with numerous targets identified

* The MAP process plant is currently permitted for 3,000 tpd with allowances up to 3,600 tpd. The Company is evaluating expansion to 4,000 tpd given potential capacity

Page 9: Emerging Battery Minerals Supplier

2007

9

Historically mined for gold and copperPunitaqui – Production History

Tamaya Resources (ASX) completed

plant construction, commenced mining

Glencore Plc acquisition, upgraded the

plant and re-started mining at Cinabrio

Xiana Mining Inc. (TSXV) acquisition, operation until April

2020

BMR acquisition, development towards

re-start

2010

2019

2021

0

10,000

20,000

30,000

40,000

50,000

0

2,000

4,000

6,000

8,000

10,000

12,000

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Historical Production

Cu (tons) Au (eq) Concentrate

Fine

(ton

s)

Concentrate (tons)

Page 10: Emerging Battery Minerals Supplier

Exploration & Infill DrillingDrill San Andres & Dalmacia to upgrade resource classification for an NI 43-101 Resource Estimate

Resource Update & Mine PlanLease mining equipment & establish UG mining and operational team; upgrade block models & mine planning; undertake UG development to restart production in Cinabrio and San Andres

Tailings & Permit AmendmentsEngineer long-term tailings & renew and advance permitting Copper and Gold Production

Planned throughput to yield 20-25 Mlbs Cu per year

Mine RestartMine development, ore stockpiling

Plant RestartPrepare mill for restart - minimal scope

Punitaqui – Upcoming Shareholder Catalysts

10

Prioritize & drill test current & new exploration targets

Regional Exploration

Development program for near-term restart

AUG 2021

2H 2022

MARCH 2022

Page 11: Emerging Battery Minerals Supplier

Resource Infill & Exploration Drill Targets

11

25km long N-S Zupilocos - Mina Juana Trend Numerous sulphide and oxide opportunities Several strategic opportunities with operating mines NI 43-101 Mineral resource definition drilling planned at

Cinabrio, Dalmacia & San Andres Blue-sky potential based on sampling and mapping

Staged drilling to build and expand resource inventory

Page 12: Emerging Battery Minerals Supplier

Punitaqui Drilling Program

12

Quebrada La Higuera

Dalmacia Thirteen holes completed at Dalmacia have reached

target depth and all have intersected significant visible copper mineralization - sample of results below:

23m grading 1.16% Cu and 1.7g/t Ag (including 13m at 1.56% Cu & 2.1g/t Ag)

11m at 1.08% Cu (including 4.0m at 2.32% Cu, 1.4g/t Ag & 0.17g/t Au)

San Andres 29 of the San Andres drill holes reached target depth and

21 have intersected significant mineralization and results have been received for 24 drill holes – sample of results below:

16.7m grading 1.37% Cu (including 11.7m at 1.64% Cu & 9.0m at 1.75% Cu)

11.0m at 1.39% Cu (including 8.0m at 1.63% Cu)

7.0m at 1.81% Cu 9.0m grading 2.06% Cu

Page 13: Emerging Battery Minerals Supplier

Mining Areas – Cinabrio and San Andres

13

Cinabrio is an underground mine with copper mineralization that is 10-30m thick Main source of mill feed historically for 8+ years, open at depth and both directions along strike

San Andres is identical mineralization to the Cinabrio orebody; the ore zone is 10-15m thick Previous mining method is longhole without backfill Underground portal access at Cinabrio and San Andres

Mineral resource and definition drill targets

Cinabrio Norte

OPEN

Resource Infill and Step-out targets

CinabrioSan Andres

OPEN

OPEN

500m (horizontal scale)

Looking North

Cinabrio Underground (Jumbo drill rig)

Page 14: Emerging Battery Minerals Supplier

25 km Regional View of the Mineralized Trend

14

Unique regional upside with many copper deposits in various stages of development

BMR properties in pink

N

Page 15: Emerging Battery Minerals Supplier

Cobalt Camp – Mining History

Ontario Geological Survey photographs

Page 16: Emerging Battery Minerals Supplier

Cobalt Projects

16

Easy access to exploration, development and mining suppliers & contractors in the Timmins & Sudbury as well as Rouyn & Val d'Or Quebec

Properties serviced by paved highways and a network of well maintained gravel regional/forestry roads

District comprises > 70 mines produced 525Moz silver & 50Mlbs cobalt from 1904 – 1985

Initial resource defined at McAra, the “first spoke in the wheel” (M&I Resource of 1,124,000lbs Co) NI 43-101 Cobalt Exploration Project Technical Report completed by SRK Consulting(1)

Preliminary study calls for centralised processing plant at Gowganda - good road access & available power and water

Strategic holding of Favourable Geology and Historic Silver-Cobalt Endowment

(1) Technical report filed by the Company under the Company’s profile at www.sedar.com: Technical Report on Cobalt Exploration Assets in Canada ” dated as of February 5, 2021 with an effective date of October 31, 2020, prepared by SRK Consulting – G Cole PGeo (APGO#1416).

First resource recently announced

BMR is largest regional landholder (125,752 ha)

Page 17: Emerging Battery Minerals Supplier

BMR’s Discovery – McAra Resource

17

Long-Section A-B

Inferred

Inferred

Indicated

Plan View

Inferred

Indicated

CATEGORY Quantity(000′ t)

GRADE METALCobalt Silver Co-Eq Cobalt Silver Co-Eq

(%) (g/t) (%) (lbs) (oz) (lbs)

Underground**Measured - - - - - - -Indicated 34 1.47 10.28 1.50 1,102,000 11,260 1,124,000

Measured + Indicated 34 1.47 10.28 1.50 1,102,000 11,260 1,124,000Inferred 5 1.94 10.84 1.96 214,000 1,650 216,000

* Mineral resources are not mineral reserves and have not demonstrated economic viability. All figures are rounded to reflect the relative accuracy of the estimate. All composites have been capped where appropriate.

**Underground mineral resources are reported at a cut-off grade of 0.75% Co Eq. Cut-off grades are based on a price of US$16 per lb of cobalt, US$17 per oz silver, and assumed recoveries of 100% for underground resources.

McAra the highest-grade primary cobalt deposit in North America in > 50 years!

Page 18: Emerging Battery Minerals Supplier

Processing Concept – Direct Ship Potential

18

High Grade Resources

Central Concentration

plant

Cobalt Refining Facility

• Primary and secondary crushing• Screening (fine/coarse)• Sensor based sorter (XRF/gravity), reject site & mine backfill• Truck transport investigating potential shipping direct to refinery

• Milling and flotation• Tailings thickening and filtration storage• Concentrate thickening and filtration• Concentrate Cobalt Production Facility• Concentrate potential direct sales

• Concentrate thickening• Autoclave, filtration • Ni/Cu/Au/Ag concentration, SX• Cobalt SX, sulfate crystallizer• Cobalt sulfate

Direct Ship Ore

Cobalt Concentrate

Refined Cobalt

Saleable Products

High grade McAra resources identified – determined focus to add additional resources

Presenter
Presentation Notes
Disrupting the way things are done First Cobalt – facility in Cobalt Need 10% for direct ship – possible with grades in MaCara. MaCara has higher grades than any producing mine today (nothing above 1%) machines (vehicles, grids, devices) New supplies required by 2020. Cobalt Lithium hydroxide Spherical graphite
Page 19: Emerging Battery Minerals Supplier

Gowganda - Property Overview

19

Current Holdings: 1,142 Claims/ 18,283ha

BMR’s Gowganda leases host four historic silver-cobalt past producing mines; which produced 60.1Moz silver & 1.3M pounds of cobalt from 1910 – 1989: Bonsall, Miller Lake-O’Brien, Millerette and Capitol

Gowganda holdings host 37 historical workings or mineral occurrences

Tailings: indicated resource of 2.96M oz silver Gowganda East new brownfields high-grade silver discovery -

Robinson Zone: Total Inferred Mineral Resource of 32,900 tonnes grading 7,149g/t silver for a total of 7,567,000 ounces of silver (May 28th, 2020; Press Release: “Maiden NI 43-101 Mineral Resource Estimate for Castle East Robinson Zone” Canada Silver Cobalt Works).

Reconnaissance Rock Grab Sampling Highlights: Babs Lake Prospect: 6.60% Co, 1,675g/t Ag, 0.79% Cu & 1.96% Ni;

Chapelle Prospect: 6.04% Co, 83.2g/t Ag, 0.60% Cu & 2.89% Ni;

Martin Lake East Prospect: 3.83% Co, 8.18g/t Ag & 0.28% Ni;

Powerful Silver Prospect: 2.45% Co, 103g/t Ag, 0.10% Cu & 0.48 % Ni

Target-Rich Environment and Existing Tailings Resource The heart of our holdings in Gowganda

Presenter
Presentation Notes
Gowganda East (Transition) 2021 Drilling confirmed 4 Vein Zones in Diabase that correlate with CSCW Drilled intercepts/ vein zones.
Page 20: Emerging Battery Minerals Supplier

32

• Drilling to Date: 2019 Fabre West Target: 18 holes/ 2,917m

• Follow-up Drilling Planned Late 2021: 4 holes / 1,200m

Historical – Significant Drill Intercepts Include: • FV1950-40: 1.3m of 1.60% cobalt and 0.91m of 2.50%

cobalt;• FV1995-01: 1.1m of 2.70% cobalt and 5.6m of 8.00%

cobalt;• TRS2010-F002: 5.0m of 7.01g/t silver and 30.0m of

68.36g/t silver.

BMR - Significant Drill Intercepts Include:• FAW19-001: 21.13m of 136.77g/t silver;• FAW19-003: 3.0m of 419.33g/t silver;• FAW19-004: 7.5m of 123.83g/t silver;• FAW19-010: 8.0m of 46.03g/t silver;• FAW19-011: 4.0m of 191.21g/t silver.

*All intercepts quoted as downhole core lengths

Drilling intercepted significant cobalt-silver mineralization associated with IP chargeabilityFabre – Upcoming Follow-up Program

Page 21: Emerging Battery Minerals Supplier

Gowganda – Bald Rock

21Battery Mineral Resources TSX: BMR-V Growth through focus and strategic acquisitions

3.00m @ 0.63% Co and 3.61g/t Ag

2.50m @ 0.28% Co and 1.01g/t Ag

2.00m @ 0.12% Co and 6.22g/t Ag

Encouraging Drill Results-Follow-up Drilling Planned

Assay results for the first five holes include: GBR21001: 3.0m grading 0.63%

Cobalt & 3.61g/t Silver; GBR21004: 2.5m grading 0.28%

Cobalt & 1.01g/t Silver; GBR21005: 2.0m at 0.12% Cobalt,

6.22g/t Silver & 0.17% Copper

These intercepts occur in holes drilled into the southern end of the outcrop zone and along strike under sand cover. The drilling confirmed mineralization extends vertically below and along strike to the south under sand cover.

The mineralization remains open at depth and along strike to the south.

Page 22: Emerging Battery Minerals Supplier

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Phase 1 Drilling (9,000m):• Shining Tree Central: 10 holes / 1,875m • White Reserve Target 17 holes / 1,838m • Elk Lake – Mapes: 12 holes / 1,193m • Gowganda - Bald Rock: 5 holes / 687m• Gowganda – Kilpatrick: 1 hole / 498m • Gowganda East – Transition JV : 5 holes /2,005m• Gowganda Transition JV – Big Four: 5 holes / 205m

• Machine learning GIS – target generation • Field ground follow-up exploration• Sampling, geological mapping and prospecting• McAra ore sorting tests

In Progress

Phase 2 Drilling:• Fabre - West: 1,650m • McAra – South: 1,380m• Gowganda – Bald Rock: 300m• Update McAra 2018 resource/operational

report

Drilling In Progress

February – August 2021

August 2021 – February 2022

November 2021 – April 2022

Ontario Cobalt–Silver Exploration Program 2021 Focus on expanding existing resources with new target generation and drilling

Page 23: Emerging Battery Minerals Supplier

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Cobalt Assets – Bonanza Project Idaho Cobalt Belt U.S.A.Bonanza - Idaho Cobalt Belt: High-grade cobalt-copper-gold property

Adjacent to Jervois Ram Deposit (Reserve of 2.5M tonnes grading 0.55% Co, 0.8% Cu & 0.64g/t Au) the only advanced stage, near term, permitted, primary cobalt deposit in the U.S.

Multiple surface & subsurface shoots of copper-cobalt mineralization hosted in along contact with gabbro sill.

1955 drilling encountered intercepts grading up to 0.76% Co and 5.15% Cu over a width of 1.5m from surface to 100m depth

BMR collected 92 continuous channel samples in underground workings. Sampling returned 2m at 2.58% Co, 2.7% Cu,

and 1.14 g/t Au, and 1m assaying 5.51% Co, 1.0% Cu, and 1.28 g/t Au within a section with a weighted average of 0.70% Co, 2.12% Cu, and 0.58 g/t Au over 17m from the central portion of the target area.

Five additional 1.0m intervals yielded assays from 0.25% to 5.0% Co with peak assays of 6.91% Cu and 3.57 g/t Au.

Page 24: Emerging Battery Minerals Supplier

Graphite Projects – South Korea

24

Two former mines - high purity brownfield flake graphite deposits

Geuman Deposit with NI 43-101 compliant resource Fine to jumbo flake graphite with >30% medium-jumbo

flake Numerous high priority exploration targets at both

projects Well-serviced by existing infrastructure

South Korea is world’s second largest graphite producer

Geuman

Taehwa

*“Geuman and Taehwa Graphite Projects, South Korea, National Instrument 43-101 Technical Report” dated as of March 9, 2018 with an effective date of January 1, 2018, prepared by Robert Dennis, MAIG, Rodney Graham, and Andrew Newell, MAusIMM, CPMet and MEA, CP Eng., each of RPM Global.

Geuman Deposit March 2018 Mineral Resource Estimate

Page 25: Emerging Battery Minerals Supplier

25

01

02

03

QAULITY ASSETS• Premier mining jurisdiction• Key infrastructure in place• Upside exploration potential• Several properties with historical

production

STRONG TEAM & EQUITY OWNERS

STRONG MARKET• Portfolio commodities solidly placed• Capitalize on robust battery and

electrification markets

• Exploration, mine development, & capital markets experience

• Well funded with supportive shareholders

A battery mineral company with high-quality assets providing shareholders exposure to the global mega-trend of electrification and focused on growth through cash-flow, exploration and acquisitions in the world’s top mining jurisdictions

Page 26: Emerging Battery Minerals Supplier

Scientific and Technical Information

26

P. J. Doyle, FAusIMM Battery Mineral Resources Corp. - Vice President Exploration, supervised the preparation of and approved the scientific and

technical information in this presentation pertaining to the Canada Exploration Program. Information about data verification procedures used to support

scientific and technical information on the Company’s Canadian properties presented herein, as well as with respect to the results of, processing and

interpretation of exploration data.

Mineral Resource estimates are available in each the following technical reports filed by the Company under the Company’s profile at www.sedar.com:

“Technical Report on Cobalt Exploration Assets in Canada ” dated as of February 5, 2021 with an effective date of October 31, 2020, prepared by SRK

Consulting – G Cole PGeo (APGO#1416).

“Technical Report on the Panamint Valley Lithium Project, Panamint Valley, California” dated as of March 25, 2018 with an effective date of November

16, 2017, prepared Donald Hains, P.Geo, of Hains Engineering Company Limited.

“Geumam and Taehwa Graphite Projects, South Korea, National Instrument 43-101 Technical Report” dated as of March 9, 2018 with an effective date

of January 1, 2018, prepared by Robert Dennis, MAIG, Rodney Graham, and Andrew Newell, MAusIMM, CPMet and MEA, CP Eng., each of RPM Global.

Michael Schuler, Battery Mineral Resources Corp. Chile Exploration Manager, supervised the preparation of and approved the scientific and technical

information pertaining to the Punitaqui Exploration Drill Program. Mr. Schuler is a qualified person as defined by National Instrument 43-101 - Standards

of Disclosure for Mineral Projects.

Page 27: Emerging Battery Minerals Supplier

BATTERY MINERAL RESOURCES CORP.Suite 400 – 744 West Hastings St.Vancouver, BC V6C 1A5 Canada

Martin [email protected]

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