Agrimin : Bell Potter Unearthed Conference

AGRIMIN LIMITED

ersonal use only

Developing a Tier 1 SOP asset to sustain global food production

Bell Potter Unearthed Conference

February 2022

ASX: AMN

Important notices and disclaimers

Nature of Document

This presentation has been prepared as a summary only, and does not contain all information about Agrimin

Limited's ("Agrimin" or "the Company") assets and liabilities, financial position and performance, profits and losses, prospects, and the rights and liabilities attaching to Agrimin's securities. This presentation includes

onlyinformation extracted from the Company's ASX Release titled "Agrimin to be the World's Lowest Cost SOP Producer" announced on 21 July 2020. The Company's ASX Releases are available at www.asx.com.au. The securities issued by Agrimin are considered speculative and there is no guarantee that they will make a return on the capital invested, that dividends will be paid on the shares or that there will be an increase in the value of the shares in the future. Agrimin does not purport to give financial or investment advice. No account has been taken of the objectives, financial situation or needs of any recipient of this presentation. Recipients of this presentation should carefully consider whether the securities issued by Agrimin are an appropriate investment for them in light of their personal circumstances, including their financial and taxation position.

Forward-Looking Statements

This presentation may contain certain forward-looking statements which may not have been based solely on usehistorical facts, but rather may be based on the Company's current expectations about future events and results.

Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties, assumptions and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Forward-looking information includes exchange rates; the proposed production plan; projected brine concentrations and recovery rates; uncertainties and risks regarding the estimated capital and operating costs; uncertainties and risks regarding the development timeline, including the need to obtain the necessary approvals. For a more detailed discussion of such risks and other factors, see the Company's Annual Reports, as well as the Company's other ASX Releases. Readers of this presentation should not place undue reliance on forward-looking information. No representation or

warranty, express or implied, is made by the Company that the matters stated in this presentation will be achieved ersonalor prove to be correct. Recipients of this presentation must make their own investigations and inquiries regarding ll assumptions, risks, uncertainties and contingencies which may affect the future operations of the Company or

the Company's securities. The Company does not undertake any obligation to update or revise any forward-looking statements as a result of new information, estimates or opinions, future events or results, except as may be required under applicable securities laws.

Cautionary Statement

The Definitive Feasibility Study results, production target and forecast financial information referred to in this presentation are supported by the Definitive Feasibility Study mine plan which is based on the extraction of 93% Ore Reserve and 7% Inferred Mineral Resource. There is a low level of geological confidence associated with the Inferred Mineral Resource and there is no certainty that further exploration work and economic assessment will result in the conversion to Ore Reserve or that the production target itself will be realised. The Mineral Resource and Ore Reserve underpinning the production target in this presentation have been prepared by a competent person in accordance with the requirements of the JORC Code (2012).

Competent Person Statements

The information in this presentation that relates to Exploration Results for the Mackay Potash Project is based on and fairly represents information compiled or reviewed by Mr Michael Hartley, who is a member of AusIMM and the Australian Institute of Geoscience (AIG). Mr Hartley is a full-time employee of Agrimin Limited. Mr Hartley has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration, and to the activity he is undertaking, to qualify as a Competent Person in terms of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' (JORC Code 2012 Edition). Mr Hartley consents to the inclusion of such information in this presentation in the form and context in which it appears.

The information in this presentation that relates to the Mineral Resource estimate for the Mackay Potash Project was first reported in accordance with ASX listing rule 5.8 in the Company's ASX Release titled "Potash Resource

Upgraded by 470%" announced on 20 January 2020. The Company confirms that it is not aware of any new

information or data that materially affects the information included in the previous announcement and that all material assumptions underpinning the estimate in the previous announcement continue to apply and have not materially changed.

The information in this presentation that relates to the Ore Reserve for the Mackay Potash Project was first reported in accordance with ASX listing rule 5.9 in the Company's ASX Release titled "Agrimin to be the World's Lowest Cost SOP Producer" announced on 21 July 2020. The Company confirms that it is not aware of any new information or data that materially affects the information included in the previous announcement and that all material assumptions underpinning the estimate in the previous announcement continue to apply and have not materially changed.

The information in this presentation that relates to production targets and forecast financial information for the Mackay Potash Project were first reported in accordance with ASX listing rules 5.16 and 5.17 in the Company's ASX Release titled "Agrimin to be the World's Lowest Cost SOP Producer" announced on 21 July 2020. The Company confirms that all the material assumptions underpinning the production targets and forecast financial information derived from the production target in the previous announcement continue to apply and have not materially changed.

The information in this presentation that relates to the interpretation of process test work data and mineral processing for the Mackay Potash Project was first reported in the ASX Release titled "Agrimin to be the World's Lowest Cost SOP Producer" announced on 21 July 2020. The Company confirms that it is not aware of any new information or data that materially affects the information in the previous announcement and that all the material assumptions underpinning the interpretation in the previous announcement continue to apply and have not materially changed.

Authorisation Statement

This presentation is authorised for market release by Agrimin's Board of Directors.

All currency amounts are in Australian dollars unless specified otherwise.

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ersonal use only

Agrimin provides unrivaled exposure to potash

Developing the world's leading Sulphate of Potash (SOP) asset

Committed to maximising shareholder value

Focused on disciplined development and retaining leverage to record potash prices

100% ownership of a Tier 1 asset in WA

Mackay Potash Project to be the largest and lowest cost SOP seaborne supplier

Low-carbon production process

Targeting the lowest carbon footprint of any major macro-nutrient product

Sustainable and organic plant nutrient products

Made in Australia and certified for organic food production

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Corporate snapshot

Board of directors

Capital structure (9 February 2022)

only	Richard Seville	Mark Savich
Brad Sampson
Non-Executive Director	Non-Executive Chair	CEO & Executive Director
Appointed: 2016	Appointed: 2019	Appointed: 2012
use	Management team
Mark Savich
	Chief Executive Officer
	Appointed: 2012
ersonal	Rhys Bradley

Chief Commercial Officer

Appointed: 2017

Michael Hartley

Principal Hydrogeologist &

Project Manager

Appointed: 2017

Alec Pismiris

Non-Executive Director & Co. Sec.

Appointed: 2013

Tom Lyons

General Manager

Appointed: 2014

Greg Hill

Project Development Manager

Appointed: 2018

Graeme Ditri

Process Manager

Appointed: 2017

Market cap.1

Share price (ASX: AMN)

$88m $0.38/share

Shares on issue1

Major shareholders

231m

Board &

Management

Cash balance1

Research coverage

$8m

1. Pro-forma market capitalisation, shares on issue and cash balance are based on completion of the $7m placement and SPP announced on 28 January 2022. Refer to the ASX Release on that date for further details in relation the capital raising.

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ersonal use only

Sulphate of Potash

Critical plant nutrients to sustain global food production

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