Montem Resources : TM-REX Pre-Feasibility Presentation

For personal use only

Montem Resources Limited

Presentation | TM-REXPre-Feasibility

onlyDisclaimers

Disclaimer - Montem Resources Limited ("Montem" or "The Company") has prepared this presentation based on the information available to it. No representation or warranty, expressed or implied, is made as to the fairness, accuracy, usecompleteness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of Montem, its directors, employees or agents, advisers, nor any other person

accepts liability, including, without limitation, any liability arising from fault or negligence on the part of any of them or any other person, for any loss arising from the use of this presentation or its contents or otherwise arising in connection with it. This presentation contains general and background information about Montem's activities current as at the date of the presentation and should not be considered to be comprehensive or to comprise all the

information that an investor should consider when making an investment decision.

personalForward looking statements -This presentation may contain forward looking statements that are subject to risk factors, including those associated with power generation and production businesses. Forward-looking statements, including projections, forecasts and estimates, are provided as a general guide only and should not be relied on as an indication or guarantee of future performance and involve known and unknown risks, uncertainties and other

factors, many of which are outside the control of Montem. Any prospective investor acknowledges that circumstances may change, and the contents of this presentation may become outdated as a result. Each prospective investor acknowledges that no audit or review has been undertaken by an independent third party of the assumptions, data, results, calculations and forecasts contained or referred to herein. Forecasts are inherently uncertain by nature and are subject to a range of qualifications and assumptions inherent in them. Those assumptions and qualifications are not generally contained in this presentation. The actual realised returns on any investment will depend on, among other things, the Company's ability to raise funds, obtain permitting, future operating results, the value of the assets and market conditions, all of which may differ from the assumptions on which this presentation is based.

No investment advice -This presentation is not a financial product, investment advice or a recommendation to acquire Montem securities and has been prepared without taking into account the objectives, financial situation or needs Forf individuals. Before making an investment decision prospective investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs, and seek legal, taxation and

financial advice appropriate to their jurisdiction and circumstances. Montem is not licensed to provide financial product advice in respect of its securities or any other financial products. Any investment in the Company should be regarded as being a speculative investment.

No offer - This presentation is not making any offer, inducement, solicitation or invitation or any kind and under no circumstances is it to be construed as a prospectus or advertisement. Without limiting the foregoing, this presentation is intended to be communicated only to such persons as Montem is legally able to communicate it and who are legally able to receive it in their jurisdiction of residence. If you are not such a person, please return the presentation to Montem immediately.

Information in this presentation remains subject to change without notice.

2

Tent Mountain Renewable Energy Complex

only
TM-REX DEVELOPMENT CONCEPT
use
personal		320 MW 2,560 MWh
	Pumped Hydro Energy Storage (PHES)
		8 hours of energy storage to firm intermittent renewables
For		100 MW SCALABLE
H2	Green Hydrogen Electrolyser

Potential to be Alberta's first large-scale green hydrogen project

100 MW

Wind Farm (Offsite)

Recharges the TM-PHES and powers the Green Hydrogen Electrolyser

Tent Mountain

Upper Reservoir

3

Tent Mountain Renewable Energy Complex

onlyuseTHE

INVESTMENT

personalCASE For

Alberta needs Energy Storage

Alberta's electricity grid is rapidly de-carbonising,

and needs storage to maintain stability.

Capital Cost Competitive

TM-PHES capital intensity is as low or lower

than any other PHES being considered in North America.

Comparison Valuation

AGL Energy (AGL) paid AUD$31M for pre-feasibility stage PHES project in 2019*.

Federal and Provincial Government Support

Grant opportunities emerging

Proposed Federal Tax Credit: 30% of capital cost for storage projects.

Potential Future De-risking with Offtake PPAs

PPA option being pursued to enhance project bankability.

Significant Upside Option

PFS identifies optimization work with potential to almost double storage capacity.

Footnote:

• For further information see: AGLmedia release here.

41

Tent Mountain Renewable Energy Complex

only
	TM-REX at a Glance
use
personal	PHES CAPABLE		400 JOBS		TRANSMISSION LINE
		OF 2,560 MWh		CREATED		ACCESS WITHIN 8 KM
		Potential to increase		Full time and construction		Several viable power grid
		to 4,995MWh		across an 80+ year project life		interconnection options exist
For	~400,000		UP TO 590,000*		H2
		GREEN
		HOMES		T/YR CO2 ABATED		HYDROGEN
		Powered by the PHES		Capacity for the TM-REX to		Potential to be Alberta's first large
		simultaneously		abate Alberta's emissions		scale green hydrogen electrolyser

*Assumes TM-PHES cycles once per day and is charged with renewable energy	Tent Mountain
Upper Reservoir
	5