AGUIA RESOURCES LIMITED — AGM Information 2021

Nov 29, 2021

2021 ANNUAL GENERAL MEETING MANAGING DIRECTOR’S PRESENTATION

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DISCLAIMER

• This document has been prepared as a summary only and does not contain all information about Aguia Resources Limited (the “Company”), assets and liabilities, financial position and performance, profits and losses, prospects and the rights and liabilities attaching to the Company’s securities. This document should be read in conjunction with any public announcements and reports (including financial reports and disclosure documents) released by Aguia Resources Limited. The securities issued by the Company 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. Further details on risk factors associated with the Company’s operations and its securities are contained in the Company’s prospectuses and other relevant announcements to the Australian Securities Exchange.

• This document includes information, statements, beliefs and opinions which are forward-looking, and which reflect current estimates, expectations and projections about future events. Statements containing the words “believe”, “expect”, “intend”, “should”, “seek”, “anticipate”, “will”, “positioned”, “project”, “risk”, “plan”, “may”, “estimate” or, in each case, their negative and words of similar meaning are intended to identify forward-looking information. By its nature, forward-looking information involves known and unknown risks, uncertainties and assumptions concerning, among other things, the Company’s anticipated business strategies, anticipated trends in the Company’s business, that could cause actual results or events to differ materially from those expressed or implied by the forwardlooking information. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. In addition, even if the outcome and financial effects of the plans and events described herein are consistent with the forward-looking information contained in this document, those results or developments may not be indicative of results or developments in subsequent periods. There may be factors and risks that cause actions, events or results not to be as anticipated, estimated or intended. Forward-looking information contained in this document is based on the Company’s current estimates, expectations and projections, which the Company believes are reasonable as of the current date. The Company can give no assurance that these estimates, expectations and projections will prove to have been correct. You should not place undue reliance on forward-looking information, which is based on the information available as of the date of this document. Forward-looking information contained in this document is made of the date of this document and, except as require by applicable law, the Company assumes no obligation to update or revise them to reflect new events or circumstances. Although the company believes that its expectations reflected in the forwardlooking statements are reasonable, such statements are subject to significant business, economic and competitive uncertainties and contingencies associated with exploration and/or mining which may be beyond the control of the Company which could cause actual results or trends to differ materially, and no assurance can be given that actual results will be consistent with these forward-looking statements. Various factors could cause actual results to differ from these forward-looking statements include but not limited to price fluctuations, exploration results, reserve and resource estimation, environmental risks, physical risks, legislative and regulatory changes, political risks, project delay or advancement, ability to meet funding requirements, factors relating to property title, dependence on key personnel, share price volatility, approvals and cost estimates, the potential that the Company’s projects may experience technical, geological, metallurgical and mechanical problems, changes in product prices and other risks not anticipated by the Company or disclosed in the Company’s published material. The Company makes no representations as to the accuracy or completeness of any such statement of projections or that any forecasts will be achieved.

• Additionally, the Company makes no representation or warranty, express or implied, in relation to, and no responsibility or liability (whether for negligence, under statute or otherwise) is or will be accepted by the Company or by any of their respective officers, directors, shareholders, partners, employees, or advisers as to or in relation to the accuracy or completeness of the information, statements, opinions or matters (express or implied) arising out of, contained in or derived from this presentation or any omission from this presentation or of any other written or oral information or opinions provided now or in the future to any interested party or its advisers. In furnishing this presentation, the Company undertakes no obligation to provide any additional or updated information whether as a result of new information, future events or results or otherwise. The Company 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 document. Nothing in this material should be construed as either an offer to sell or a solicitation of an offer to buy or sell securities. It does not include all available information and should not be used in isolation as a basis to invest in the Company. Recipients of this document should carefully consider whether the securities issued by the Company are an appropriate investment for them in light of their personal circumstances, including their financial and taxation position. The information contained in this document contains confidential information pertaining to the business, operations and assets of the Company and certain assets being considered for acquisition.

• The Mineral Resource estimate was prepared in accordance with the standards set out in the 2012 edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). The JORC Code is the accepted reporting standard for the Australian Securities Exchange Limited (“ASX”). The information in this report that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Dr Fernando Tallarico, who is a member of the Association of Professional Geoscientists of Ontario. Dr Tallarico is a full-time employee of the company. Dr Tallarico has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tallarico consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

• The scientific and technical information contained in this presentation pertaining to the Mineral Resource estimate for the Andrade copper deposit has been reviewed and approved by Mr. Guilherme Gomides Ferreira, a Mining Engineer and employee of GE21, registered as a Competent Person in the AIG (Australian Institute of Geoscientists). Mr. Ferreira has sufficient relevant experience to the style of mineralization, mining methods and process to qualify as a Competent Person as defined in the JORC Code (2012). The report compilation was done by Mr. Bernardo H C Viana, a geologist and full-time director and owner of GE21 and is registered as Competent Person in the AIG (Australian Institute of Geoscientists). Mr. Viana has sufficient relevant experience to the style of mineralization to qualify as a Competent Person as defined in the JORC Code (2012). Mr. Viana also meets the requirements of a Competent Person under the AIM Note for Mining, Oil and Gas Companies. Mr. Porfirio Cabaleiro Rodriguez is a Mining Engineer and full-time director and owner of GE21 and is registered as Competent Person in the AIG (Australian Institute of Geoscientists), he has sufficient relevant experience to the style of mineralization to qualify as a Competent Person as defined in the JORC Code (2012). Mr. Viana, Mr. Ferreira and Mr. Rodriguez consent to the inclusion in this report of the matters based on the GE21 study in the form and context in which it appears. They are all independent of Aguia Resources Limited.

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WHAT HAPPENED

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PURCHASE OF A CRUSHER that allows preparation of bulk test samples of DANF AUG2020

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24 NEW EXPLORATION PERMITS within the Rio Grande Copper Belt totaling 37,451 ha – taking the total permitted area to 81,700 ha

JAN2021

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Updated RESOURCE ESTIMATE AND SCOPING STUDY OF ANDRADE COPPER DEPOSIT . NPV A$108.1 million, IRR 43.5%

MAR2021

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JUL2020

CONCLUSION OF AGRONOMICAL TESTS on corn (maize) shows excellent results on the TEPP DANF

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DEC2020 TEPP BFS reaffirms excellent economics. NPV A$70.4 million, IRR 61%

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FEB2021
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Outstanding METALLURGICAL TEST results from Andrade Copper Project Deposit

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WHAT HAPPENED

A$3.75M LOAN APPROVED subject to conditions precedent to fund TEPP CAPEX JUN2021 APR2021 JUL2021 PRIVATE PLACEMENT PUBLIC CIVIL ACTION of A$4 million from the Federal Public Prosecutor

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ARCHAEOLOGICAL CONSENT on the LP for the TEPP, moving towards the LI

AUG 2021 OCT2021 MOU SIGNED FOR SALES of Pampafos[®] from TEPP

PRIVATE PLACEMENT of A$2.55 million NOV2021

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COPPER ONGOING

ANDRADE COPPER SCOPING STUDY

Metallurgical Improvements

• Bioleaching tests;

• Sorting test using pre-concentration techniques.

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post-tax NPV A$108.01 million

New Copper & Gold Targets

• Salso: 700m mineralization trend, including 2.67% copper and 27.1 g/t silver, located 12km northwest of the Andrade;

• Piriqui: volcanic and sedimentary-hosted mineralization (similar to Andrade) grading up to 1.08% copper, 60km east of the city of Caçapava do Sul;

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IRR 43.5% payback 4.1 years

• Estuque: historical gold exploration, initial rock sampling returned gold results of up 2.68 g/t Au, located 33km northwest of Andrade.

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COPPER NEXT STEPS

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Next Steps

• Drilling of Andrade to potentially improve the quality of the resource category and;

• Scout drilling of Carlota and Canhada targets;

• Surface mapping to keep the pipeline of projects moving.

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PHOSPHATE OVERVIEW

TEPP BANKABLE FEASIBILITY STUDY

ACHIEVEMENTS

• Installation License Application for TEPP Submitted;

• Archaeological consent on the LP for the TEPP received;

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post-tax NPV A$70.4 million

• Pampafos[®] MOU signed for 30,000 tonnes per year;

• Regional Development Bank loan approval of 50% CAPEX (subject to conditions precedent).

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IRR 61%

ON GOING

• Drying process optimisation with potential OPEX reduction, including Macanudo Prototype;

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payback 2.6 years

• Agronomical trials.

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PHOSPHATE NEXT STEPS

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• 0-0-0 Certification: the company has applied to Edge Certification for net zero energy, water and carbon;

• Continuation of the agronomical trials;

• Marketing and commercial development;

• Federal Public Prosecutor’s Civil Action.

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REFERENCES

Information in this presentation is extracted from the following reports, which are available for viewing on the Company’s website:

9 November 2021: Process to Certify the TEPP as Zero Energy, Water & Carbon

4 November 2021: Innovative Solution for TEPP Ore Drying Developed

28 October 2021: Aguia Identifies Three New Copper & Gold Targets

26 October 2021: MOU Signed for Sales of Pampafos from TEPP

12 October 2021: Outstanding Andrade Mineralogical Analysis Results

1 September 2021: Update on Defence & Executive Summary of Legal Proceedings

3 August 2021: Aguia Receives Archaeological Consent on the LP for the TEPP

8 June 2021: Aguia Secures A$3.75M Loan to Fund TEPP CAPEX

11 May 2021: Further Exceptional Agronomic Test Results from TEPP on Rice

6 April 2021: Aguia Successfully Completes $4M Private Placement

9 March 2021: Andrade Copper – Updated Resource Estimate & Scoping Study

16 February 2021: Outstanding Metallurgical Test Results From Andrade Copper Project Deposit

22 January 2021: Copper Exploration New Permits and Scoping Study Update

14 January: Installation Licence Application for TEPP Submitted

17 Dezember 2020: BFS for TEPP Reaffirms Excellent Project Economics 8 July 2020: Agronomic Corn Tests Reaffirm the High Quality of TEPP DANF

The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements listed above and, in the case of estimates of Mineral Resources or Ore Reserves that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Persons findings are presented have not been materially modified from the original announcement.

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Aguia Fertilizantes S/A Aguia Metais Ltda

Aguia Resources Limited

Level 12, 680 George Street Sydney NSW 2000 Australia +61 2 9375 7974 | +61 2 9287 0350 info@aguiaresources.com.au

Rua Doutor Vale, 555 Sala 406, Bairro Moinhos de Vento CEP: 90560-010 Porto Alegre / RS +55 51 3519-5166

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