ALDORO RESOURCES LIMITED — Investor Presentation 2021

Nov 14, 2021

==> picture [206 x 119] intentionally omitted <==

WYEMANDOO PROJECT Critical Metals Project – Lithium & Rubidium

Investor Presentation November 2021

ASX:ARN

NATURE OF THIS DOCUMENT

This presentation has been prepared by Aldoro Resources Limited ACN 622990809 (Company). The information is based on publicly available information, internally developed data and other sources. By receiving this presentation, you acknowledge and represent to the Company that you have read, understood and accepted the terms of this disclaimer.

==> picture [68 x 39] intentionally omitted <==

It is the responsibility of all recipients of this presentation to obtain all necessary approvals to receive this presentation and receipt of this presentation will be taken by the Company to constitute a representation and warranty that all relevant approvals have been obtained.

This presentation is a visual aid and is not intended to be read as a stand alone document. The material contains selected and abbreviated summary information about the Company and its subsidiaries and their activities current as at the date of this presentation. The material is of general background and does not purport to be complete. The Company is not responsible for providing updated information and assumes no responsibility to do so.

NOT AN OFFER

This presentation is for information purposes only and does not purport to be all inclusive or to contain all information about the Company or any of the assets, current or future, of the Company. This presentation does not comprise a prospectus, product disclosure statement or other o ff ering document under Australian law (and will not be lodged with ASIC) or any other law.

This presentation also does not constitute or form part of any invitation, o ff er for sale or subscription or any solicitation for any o ff er to buy or subscribe for any securities in any jurisdiction nor shall they or any part of them form the basis of or be relied upon in connection therewith or act as any inducement to enter into any contract or commitment with respect to securities.

This presentation does not constitute an o ff er to sell, or a solicitation of an o ff er to buy, any securities in the United States. This presentation and its contents must not be distributed, transmitted or viewed by any person in the United States or any jurisdiction where the distribution, transmission or viewing of this document would be unlawful under the securities or other laws of that or any other jurisdiction.

NOT INVESTMENT ADVICE

To the maximum extend permitted by law, the information contained in this presentation is given without any liability whatsoever being accepted by the Company or any of its related bodies corporate or their respective directors, o ffi cers, partners, employees, advisors and agents. This presentation is not investment or financial product advice (nor tax, accounting or legal advice) and its contents are not intended to be used for the basis of making an investment decision. No representation or warranty, express or implied, is made as to the accuracy, completeness or thoroughness of the information, whether as to the past or future.

Recipients of this presentation should carefully consider whether the company is an appropriate investment for them in light of their personal circumstances, including their financial and taxation position. This presentation does not take into account the individual investment objectives, financial situation and particular needs of each recipient of this presentation. Therefore recipients of this presentation may wish to seek independent financial and taxation advice before making any decision in respect of this presentation. Neither the Company nor any of its related bodies corporate is licensed to provide financial product advice in respect of the Company’s securities or any other financial products.

FORWARD LOOKING STATEMENTS

Statements and material contained in this presentation, particularly those regarding possible or assumed future performance, production levels or rates, commodity prices, resources or potential growth of the Company, industry growth or other trend projects are, or may be, forward looking statements. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties and are based on the assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant.

Although management believes that the assumptions made by the Company and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Forward-looking information involves known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially di ff erent from any anticipated future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, the actual market price of commodities, the actual results of current exploration, the actual results of future exploration, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's publicly filed documents. Readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. DISCLAIMER

No representation or warranty, express or implied, is made by the Company that the material contained in this presentation will be achieved or prove to be correct. Except for statutory liability which cannot be excluded, each of the Company, its directors, o ffi cers, employees, advisers and agents expressly disclaims any responsibility for the accuracy, fairness, su ffi ciency or completeness of the material contained in this presentation, or any opinions or beliefs contained in this presentation, and excludes all liability whatsoever (including in negligence) for any loss or damage which may be su ff ered by any person as a consequence of any information in this presentation or any error or omission there from. To the maximum extent permitted by the law, the Company disclaims any obligation to update or keep current the information contained in this presentation or to correct any inaccuracy or omission which may become apparent, or to furnish any person with any further information. Any opinions expressed in the presentation are subject to change without notice. COMPETENT PERSON STATEMENT

The information in this announcement that relates to Exploration Results and other technical information complies with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code) and has been compiled and assessed under the supervision of Luke Marshall, a geological consultant to Aldoro Resources Ltd. Mr. Marshall is a Member of the Australasian Institute of Geoscientists and 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 JORC Code. Mr. Marshall consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears. MONETARY VALUES

Unless otherwise stated, all dollar values are in Australian Dollars (A$). The information in this presentation remains subject to change without notice.

ASX: ARN | aldororesources.com

2

CORPORATE OVERVIEW

Capital Structure
ASX Code	ARN
Share Price	$0.52
Shares on issue	88.5M
Options	30.3M
Market capitalisation	$46M
Cash & Investments (at October 21)	$5.3M
Enterprise Value	$40M
Number of shareholders	1,813
Top 20 shareholders	45%

==> picture [226 x 196] intentionally omitted <==

==> picture [68 x 39] intentionally omitted <==

==> picture [524 x 334] intentionally omitted <==

----- Start of picture text -----

0.65 10.0
0.55
8.0
0.45
6.0
0.35
0.25
4.0
0.15
2.0
0.05
-0.05 0.0
Share Price S
Volume (millions)
----- End of picture text -----

All figures as at 1 October 2021 unless otherwise stated. Option on issue are as follows:

• 20,857,264 $0.30 ex & 31 Aug 23 expiry - 2,000,000 $0.175 ex & 9 Sept 23 expiry

• 2,000,000 $0.225 ex & 18 Nov 22 expiry - 3,900,000 $0.234 ex & 9 Sept 23 expiry

• 1,750,000 $0.50 ex & 9 Sept 2023 expiry

ASX: ARN | aldororesources.com

3

INVESTMENT HIGHLIGHTS

==> picture [68 x 39] intentionally omitted <==

Wyemandoo Rb/Li/Cs/W Project – A world class resource in the making

==> picture [72 x 73] intentionally omitted <==

GLOBALLY SIGNIFICANT

==> picture [102 x 97] intentionally omitted <==

100% OWNERSHIP

==> picture [102 x 96] intentionally omitted <==

Funded

==> picture [45 x 92] intentionally omitted <==

RIGHT COMMODITY PLACE AND TIME

UNPRECEDENTED SCALE

1[ST] CLASS JURISDICTION

FUNDED FOR DRILLING

CRITICAL MINERALS

The Wyemandoo project assayed grades exceed the key current global rubidium producers, with close proximity to infrastructure the project is likely to be globally significant to the rubidium supply chain.

The company is in a prime position to offer the market and investors a project in a world class jurisdiction given it’s “whole of play” position covering the known pegmatite/mica fairway.

Aldoro Resources has a strong bank balance combined with a high-quality register of shareholders demonstrating long hold positions and the ability to support follow-on equity placements.

Global critical metal (including EV rare metals) demand is expected to rise by 3+ million tonnes in 2040, with Australia’s greenfield and brownfield projects to play a significant role in future demand.

ASX: ARN | aldororesources.com

4

EXPLORATION TIMELINE

Advanced Exploration at Wyemandoo

==> picture [135 x 79] intentionally omitted <==

==> picture [953 x 49] intentionally omitted <==

----- Start of picture text -----

SEP/OCT NOV DEC/JAN JAN/ONGOING
----- End of picture text -----

DESKTOP STUDY MARKET STUDY

SAMPLING

FIRST HOLES

RESOURCE BUILD

ASX: ARN | aldororesources.com

Wyemandoo Rb/Li/Cs/W PROJECT Substantial upside outside the core Mt Farmer Pegmatite

==> picture [231 x 184] intentionally omitted <==

----- Start of picture text -----

Loop Structure
----- End of picture text -----

• Fairway Pegmatite Corridor identified over 10km long and up to 6.5km wide on margin of Windimurra Igneous Complex

• Numerous dyke swarms identified from satellite and ground mapping/sampling, over 1000 dyke-like features discriminated

• Lepidolite (Li mica) bearing pegmatite identified and several locations both in historical and recent exploration indicating fractionated pegmatites in metagabbro host

• Pegmatites trend NE and typically strike up to 1km, mapped widths range from <1m to 20m.

==> picture [68 x 39] intentionally omitted <==

• Limited rock chip sampling (53)

• Li2O averaged 0.54% and up to 2.6%,

• Rb averaged 0.55% and up to 1.7%,

• Ce averaged 143ppm and up to 542ppm

• Best results around the Loop Structure averaging 1.05% Li2O, 0.94% Rb

• Ground investigation about to commence concentrating in the higher priority areas distal from the parental granitic source rocks

ASX: ARN | aldororesources.com

6

Wyemandoo Rb/Li/Cs/W PROJECT Rubidium Market Overview

==> picture [68 x 39] intentionally omitted <==

“Global Rb demand of 200t/y @ +90% purity from an estimated 180,000 ore tons @ 0.1%”

==> picture [276 x 255] intentionally omitted <==

• Global Rubidium Market CAGR +4% through till 2026

• Demand expected to grow 22% by 2026

• Rubidium used in specialty glass (fiber) enables 4G and 5G networks, demand increasing with network upgrades and increased demand due to “work from home” due to covid-19

• Rubidium is the most accurate blood-flow tracer for detection of Coronary Heart Disease (CAD), detection of brain tumors and is used to treat manic depression.

Source: Mordor Intelligence Analysis

ASX: ARN | aldororesources.com

7

Wyemandoo Rb/Li/Cs/W PROJECT

==> picture [68 x 39] intentionally omitted <==

Rubidium Market Overview

RUBIDIUM DEMAND IS POSITIONED TO GROW

==> picture [213 x 143] intentionally omitted <==

Nuclear Power

One of Rubidium’s major uses is in nuclear stations to increase power the generated power and enable the rates to be energy exchange increased from 30% to 70%.

Source: jiemian.com

==> picture [213 x 143] intentionally omitted <==

Thin-Film Batteries

Rubidium-based perovskite solar thin-film batteries breakthrough progress, with a photoelectric conversion rate of 21.06% and cost of AUD $0.06/kWh.

Source: Guangzhou Science and Technology News

==> picture [213 x 144] intentionally omitted <==

Solar Cells

Caesium and rubidium effectively enables the production of halide that are perovskite compounds used to make high performance solar cells.

Source: materialstoday.com

ASX: ARN | aldororesources.com

8

Wyemandoo Rb/Li/Cs/W PROJECT Rubidium Market Overview

==> picture [68 x 39] intentionally omitted <==

Rubidium enables multiple high growth technology market applications such as Biomedical, Electronics and Communications

==> picture [425 x 278] intentionally omitted <==

==> picture [425 x 276] intentionally omitted <==

Source: Mordor Intelligence Analysis

Source: Mordor Intelligence Analysis

ASX: ARN | aldororesources.com

9

==> picture [169 x 97] intentionally omitted <==

INVESTMENT HIGHLIGHTS - WYEMANDOO Leverage to international critical minerals Actual on-ground activity moving towards resource drilling Proven team with recent success Diligent execution of exploration plan Quality shareholders - long term & supportive track record 100% Aldoro held project

ASX: ARN | aldororesources.com

10

==> picture [266 x 154] intentionally omitted <==

THANK YOU