BARYS RESOURCES LIMITED — Investor Presentation 2021

Mar 2, 2021

ASX RELEASE | 3 March 2021

ABOUT KOPORE METALS

Kopore Metals Limited is a public company listed on the Australian Securities Exchange (ASX) and is actively exploring its copper-silver prospects on the emerging world class Kalahari Copper Belt, located in the Republic of Botswana and in the Bryah Basin of Western Australia.

PRESENTATION

Kopore Metals Limited (“ Kopore ” or “ Company ”) is pleased to release a copy of the presentation that Managing Director, Simon Jackson will be presenting this afternoon at the “Resources Roadhouse Explorers Afternoon”.

Authorised by the Board of Kopore Metals Limited.

DIRECTORS & MANAGEMENT

PETER MEAGHER Non-Executive Chairman

SIMON JACKSON Managing Director

GRANT FERGUSON Non-Executive Director

REGISTERED OFFICE

Suite 5, 62 Ord Street West Perth WA 6005

FOR FURTHER INFORMATION PLEASE CONTACT:

SIMON JACKSON Managing Director Kopore Metals Limited Tel. +61 8 9322 1587 info@koporemetals.com www.koporemetals.com

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ASX:KMT

Corporate Presentation March 2021

DISCLAIMER

Summary Information

This presentation (Presentation) has been prepared and authorised for release by Kopore Metals Limited (Kopore or the Company).

This Presentation provides a summary on Kopore, its subsidiaries and its Botswana and Australian projects, which is current as at the date of this Presentation. The information in this Presentation is of a general nature and does not purport to be complete nor does it contain all the information which a prospective investor may require in evaluating a possible investment in Kopore. This Presentation should be read in conjunction with Kopore's other periodic and continuous disclosure announcements which are available at www.asx.com.au.

This Presentation does not constitute financial product or investment advice or an offer, invitation or recommendation to acquire securities in Kopore. The information in this Presentation does not take into account the investment objectives, financial situation or particular needs of any recipient. Before making an investment decision, each recipient of this Presentation should make their own independent evaluation of an investment in the Company and consult with their own legal, tax, business and/or financial advisers in connection with any acquisition of securities or interest in Kopore.

Disclaimer

This Presentation does not constitute an offer, invitation or recommendation to subscribe for, or purchase any security or interest in Kopore. Kopore makes no representation or warranty, express or implied, as to the accuracy, adequacy, completeness or reliability of any statements, representations, estimates or opinions or other information contained in this Presentation.

To the maximum extent permitted by law, each of Kopore and its subsidiaries, and their respective directors, officers, employees, contractors, agents and advisers shall have no liability, including liability to any person by reason of negligence or negligent misstatement, for any statements, opinions, information or matters, express or implied, arising out of, contained in or derived from, or for any omissions from this Presentation and they do not accept any liability for any loss or damage which may be suffered by a person through the use or reliance on any statement made in, or omitted from, this Presentation.

Forward Looking statements

This Presentation contains forward looking statements that are based on the Company’s belief's, expectations, estimates and projections as of the date on which the statements were made and no obligation is assumed by Kopore to update forward looking statements if these belief's, expectations, estimates and projections should change or to reflect other future developments.

Forward looking statements can generally be identified by the use of words such as ‘outlook’, ‘anticipate’, ‘project’, ‘target’, ‘potential’, ‘likely’, ‘believe’, ‘estimate’, ‘expect’, ‘intend’, ‘may’, ‘would’, ‘could’, ‘should’, ‘scheduled’, ‘will’, ‘plan’, ‘forecast’, ‘evolve’ and other similar expressions. Any forward looking statements, including projections, guidance on future revenues, earnings and estimates, are provided as a general guide only and should not be relied upon as an indication or guarantee of the future performance of Kopore.

Forward looking statements are inherently subject to business, economic, competitive, political and social uncertainties and contingencies and involve known and unknown risks, and other factors that may cause Kopore's actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward looking statements.

Competent Persons Statement

The information in this presentation that relates to Geophysical Exploration Results is based on information compiled by Mr Grant Ferguson, who is a non-executive Director, shareholder and consultant of the Company. Mr Ferguson is a fellow of the Australian Institute of Geoscientists (AIG) and a fellow of the Australian Institute of Mining and Metallurgy (AusIMM) and has sufficient experience of relevance to the styles of mineralisation and the types of deposits under consideration, and activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Ferguson consents to the inclusion in the report of matters based on information in the form and context in which it appears.

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COPPER EXPLORATION IN KNOWN COPPER BELTS

Right Time, Right Addresses

HORSESHOE WEST, BRYAH BASIN, WA KALAHARI COPPER BELT, BOTSWANA

COPPER EXPLORATION IN LOW RISK JURISDICTIONS MULTIPLE UNEXPLORED TARGETS AT BOTH PROJECTS COPPER MINES ON SAME BELT AS BOTH PROJECTS

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CORPORATE OVERVIEW ASX:KMT

CAPITAL STRUCTURE

SHARES ON ISSUE[(M)] 645.4

MARKET CAP[(A$M)] (at A$0.018)

11.6

25[a,b,c]

OPTIONS[(M)]

DIRECTORS & MANAGEMENT PETER MEAGHER NON-EXECUTIVE CHAIRMAN

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SIMON JACKSON MANAGING DIRECTOR

GRANT FERGUSON NON-EXECUTIVE DIRECTOR

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HORSESHOE WEST PROJECT KMT Earning up to 70%

• Located in highly prospective and prolific (Cu-Au) Bryah Basin region WA

• 75km from Sandfire’s (ASX:SFR) Degrussa Mine

• KMT exploration area within 5km of existing infrastructure

• Exploration focussed upon identifying high grade gold and copper mineralisation

• Volcanogenic massive sulphide (VMS) copper-gold style mineralisation and/or shear zone hosted gold mineralisation

• VMS deposits commonly found in clusters and the Company is seeking to explore an area within 5km to the west of the historical Horseshoe Lights Mine

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HORSESHOE WEST TRANSACTION

Kopore to earn into Horseshoe West Project

• $1.5M EXPENDITURE IN GROUND TO EARN 51% (2 YEARS)

• MINIMUM EXPENDITURE $250,000 (YEAR 1)

• ADDITIONAL $1.5M TO EARN 70%

• EXPLORATION PLANNING AND PERMITTING UNDERWAY

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HORSESHOE WEST EXPLORATION PLAN Targeted areas have undergone little to no historical geochemical or exploration drilling

• Interpreted to lay within a similar stratigraphic, structural position to the Narracoota Formation, which hosts the historical Horseshoe Lights Mine.

• Ravelstone Formation overlies the targeted area and known to host gold mineralisation in the Bryah Formation. Bryah Resources’ (ASX:BYH) Windalah Gold Prospect, located 13km south of the Horseshoe Lights Mine

COMPLETED

• ✓ Geophysical Review (Southern Geoscience) Reevaluated/reprocessed the EM, detailed gravity, and magnetic survey data, which was completed between 2005 and 2011

NEXT STEPS[1]

• ➢ Geochemical survey for lithology, alteration and pathfinder information

• ➢ New generation ground and airborne magnetics

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• ➢ RC drilling program being planned

1- Subject to government and native title approvals

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KALAHARI COPPER BELT

A globally significant underexplored region

CUPRIC CANYON

• Zone 5 fully funded (Jul 19)

• • US$650 million funding • US $560 million underground mining contract awarded (Barminco) (Jun 19)

• • 60Kt Cu and 2m oz Ag per annum production

• • First concentrate expected mid 2021.

• SANDFIRE RESOURCES • Takeover of MOD complete Oct 19 • T3 DFS complete and decision to develop Dec 2020

• • A4 maiden resource Dec 2020

Sandfire Resources Website http://www.sandfire.com.au/

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VIRGO PROJECT – TWO PROSPECTS

PROJECT HIGHLIGHT

• PL135 and PL162 Prospects located within 15km and 38km respectively of the Zone 5 CopperSilver Project

• Prospects located northeast and along strike of Sandfire Resources NL T3 Copper-Silver Project

• Two copper-nickel soil anomaly and overlays interpreted shallow targeted footwall contact

• Soil Anomalies 3km in strike

• Ground magnetic interpreted FW geological contact identified, coincident to the two copper soil anomalies

• Approved EMP – January 2020

PLANNED ACTIVITIES

• 1,170m RAB/RC and diamond drilling program

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GHANZI WEST PROJECTS

KORONG

• Large Domal target (~1,091km[2] )

• Re-processing of 2018 airborne EM data underway with new geological understanding from neighbouring explorers

• Results to help target next steps

KARA

• Along regional structure from T3 deposit

• Initial drilling noted pathfinder alteration and sulphides

• Airborne EM planned prior to follow up drilling

TAU

• 4km from Sandfire T7 prospect

• Geophysics being planned to define the Ngwako Pan/D’kar geological contact

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Korong East
Korong Sth
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HIGHLY LEVERAGED COPPER EXPOSURE

✓ COPPER EXPLORATION IN TWO SOUGHT AFTER BELTS

✓ UNDEREXPLORED ✓ SURROUNDED BY MAJORS ✓ ENVIABLE STABLE WORLD CLASS JURISDICTIONS

WA ranked #4 globally[2] Botswana ranked #1 in Africa and #11 globally[2] ✓ COVID-19 FLEXIBILITY

2 - Fraser Institute annual survey of Mining Companies Feb 2020 “Investment Attractiveness”

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