ABR makes transformational appointments to drive US listing process

• John Mitchell appointed Chairman, with Tim Johnston and Govind Arora to make up balance of the
three-member Advisory Board:

▪ John Mitchell ‘s previous roles include President, Albemarle Lithium and Advanced Material
as well as President, Rockwood Lithium, North America;

▪ Tim Johnston is currently Executive Chairman of Li-Cycle Corp. which has entered into a
business combination agreement with Peridot Acquisition Corp., a US-listed SPAC
(PDAC:NYSE); and

▪ Govind Arora is currently President, Blue Horizons Capital, having previously been Chief
Commercial Officer, Albemarle Lithium and Advanced Material and CFO, Asia Pacific,
Honeywell Process Solutions

• Advisory Board mandate includes:

▪ drive the Company’s strategic business planning;

▪ consider debt capital markets options for accelerating mine expansion;

▪ create a talent management plan and focus on necessary C-suite appointments for US listing;

▪ select and appoint US investment banks for US listing process;

▪ support listing marketing activities including roadshows; and

▪ complete the Company’s US listing

American Pacific Borates Limited (ASX:ABR) (“ABR” or the “Company”) is pleased to advise it has created a US
Advisory Board to drive the Company’s US listing process.