Sunrise Energy Metals (SRL) AGM 2025 Presentation summary

Asset portfolio and project overview

• Syerston Scandium Project targets high-grade, low-capex scandium production for telecom, alloy, and fuel cell markets, with a 32-year mine life and 2.0Mt reserves at 644ppm Sc.

• Sunrise Nickel-Cobalt Project is a large, low-cost, development-ready asset focused on automotive electrification and advanced alloys.

• Over 3,400km² of exploration and mining rights in NSW and JV earn-in rights in Cloncurry, Qld, with ongoing drilling and EM survey plans.

Scandium market and supply chain

• Scandium is a rare earth element with transformative alloy properties, but limited mining production and supply chain diversification.

• Over 90% of global demand comes from U.S. industry, while China dominates supply, prompting efforts to develop alternative sources.

• The project aims to scale production to reduce costs and unlock latent demand in high-volume applications.

Syerston project details and economics

• Permitted site with secure water rights, shallow open-pit mining, and proven process methodology.

• Ore Reserve Estimate: 2.0Mt at 644ppm Sc, with a conservative price forecast of US$1,500/kg Sc2O3.

• Nameplate production: 60tpa Sc2O3, 88% recovery, US$120M capex, US$534/kg LOM cash cost, 32-year life.