Page 1

Altech Chemicals Limited QUARTERLY REPORT September 2021 R & D WORK CONTINUES TO ADVANCE ALUMINA COATING TECHNOLOGY · • • Research and Development laboratory established in WA Advancing its potentially game changing technology Allow metallurgical grade silicon to be combined with graphite as an anode material in lithium - ion batteries • Potential to increase lithium - ion battery chargeability , life , performance and safety • Positive and encouraging test results . Company is rapidly gaining confidence in the technology BATTERY MATERIALS PRE - FEASIBILITY STUDY PROGRESSING WELL AND ON TRACK • Engineering design for a 10,000 tpa battery materials coating plant finalised • Quotations received to supply the majority of required equipment packages • Discussions with potential contractors for project execution • Capital and operating cost inputs compiled • Financial modelling of the project is underway • Green accreditation of the project via the Centre of International Climate and Environment Research ( CICERO ) has commenced LISTED GREEN BOND IN FINAL STAGES • • • . Listed green bond targeting an offer of ~ US $ 144m Changes to allow Australian dollars participation in the offering Pre - marketing of bonds has commenced HPA project 49 % less carbon footprint than conventional HPA HALLOYSITE DISCOVERED AT KERRIGAN KAOLIN DEPOSIT • • Halloysite discovery at Kerrigan kaolin deposit . Halloysite nanotubes could replace carbon nanotubes in high - tech applications More detailed investigation planned for the Kerrigan deposit ENGAGEMENT WITH THE STATE OF SAXONY , GERMANY • • • European development strategy initiated Saxony State authorities engaged for potential support Initial potential investor introduction meeting completed JOHOR HPA PLANT SITE • Site remains under care and maintenance • Initial construction work has significantly de- risked project • • No further work planned until final project finance is completed Running start for construction when project finance finalised APPOINTMENT OF CHIEF FINANCIAL OFFICER • Mr Martin Stein appointed as CFO • Mr Shane Volk to remain as Company Secretary ALTECH CHEMICALS LIMITED www.altechchemicals.com