Celsius Resources Limited — Investor Presentation 2021

Jul 7, 2021

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ASX RELEASE

8 JULY 2021

Investor Webinar Presentation

Celsius Resources Limited (“Celsius” or the “Company”) (ASX: CLA) is pleased to announce its participation in the ShareCafe Small Cap "Hidden Gems" Webinar, to be held Friday 9[th] of July 2021 from 12:30pm AEST / 10:30am AWST.

Executive Director Blair Sergeant will provide an overview of recent activities completed by Philippine subsidiary Makilala Mining Company, Inc. (“MMCI”) at the Company’s flagship Maalinao-Caigutan-Biyog (MCB) project, which is a world-class copper-gold deposit located on the island of Luzon in the Philippines. Celsius is also advancing its Opuwo cobalt-copper project in Namibia, where it has recently doubled the Mineral Resource estimate.

This webinar is able to be viewed live via Zoom and will provide viewers the opportunity to hear from, and engage with, a range of ASX-listed leading micro/mid cap companies.

To access further details of the event and to register at no cost, please copy and paste the following link into your internet browser:

Link: https://us02web.zoom.us/webinar/register/5416151767246/WN_gUX3nvYjRW-mfxAu0udu3Q

A recorded copy of the webinar will be made available following the event.

A copy of the investor presentation to be delivered during the webinar is attached.

This announcement has been authorised by the Board of Directors of Celsius Resources Limited.

Celsius Resources Contact Information

Level 2, 22 Mount Street Perth WA 6000 PO Box 7054 Cloisters Square Perth WA 6850 P: +61 8 6188 8181 F: +61 8 6188 8182 E: info@celsiusresources.com.au W: www.celsiusresources.com.au

Media contact

David Tasker / Colin Jacoby Chapter One Advisors M: +61 433 112 936 / +61 439 980 359 E:dtasker@chapteroneadvisors.com.au/ cjacoby@chapteroneadvisors.com.au

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Level 2, 22 Mount Street, Perth WA 6000 PO Box 7054, Cloisters Square, Perth WA 6850 P: +61 8 6188 8181 E: info@celsiusresources.com.au celsiusresources.com.au

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LARGE HIGH-GRADE COPPER-GOLD North Luzon, Philippines SHARE CAFÉ PRESENTATION – 9 JULY 2021

DISCLAIMER & NOTES

This presentation has been prepared by Celsius Resources Limited (“Celsius” or “CLA”). The information contained in this presentation is a professional opinion only and is given in good faith.

The information contained herein is confidential and proprietary to the Company and is provided to recipients on the terms and conditions set out in this disclaimer. The document, in whole or in part, is not to be distributed, copied or reproduced, in any form, without the prior written consent of the Directors of the Company.

Certain information in this presentation has been derived from third parties and though CLA has no reason to believe that it is not accurate, reliable or complete, it has not been independently audited or verified by CLA.

Any forward looking statements included in this presentation involve subjective judgement and analysis and are subject to uncertainties, risks and contingencies, many of which are outside the control of, and maybe unknown to, CLA. In particular they speak only to the date of this presentation, they assume the success of CLA’s strategies, and they are subject to significant regulatory, business, competitive and economic uncertainties and risks. Actual future events may vary materially from the forward looking statements and the assumptions on which these assumptions are based. Recipients of this presentation are cautioned not to place undue reliance on such

forward looking statements.

CLA makes no representation or warranty as to the accuracy, reliability or completeness of information in this document and does not take responsibility for updating any information or correcting any errors or omissions which may become apparent after this presentation is released.

To the extent permitted by law, CLA and its officers, employees, related bodies corporate and agents disclaim all liability, direct, indirect or consequential (and whether or not arising out of the negligence, default or lack of care of CLA and/or any of its agents) for any loss or damage suffered by a recipient or other persons arising out of, or in connection with, any use or reliance on this presentation or information.

All amounts in AUD unless stated otherwise.

Details of the Mineral Resources are contained in the ASX Announcement of 1 July 2021 and 12 January 2021 for the Opuwo and MCB Project respectively. The Company confirms that it is not aware of any new information or data that materially affects the Mineral Resource. The Company also confirms that all material assumptions and parameters underpinning the Mineral Resource estimate continue to apply and have not materially changed.

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COPPER – BULLISH OUTLOOK “ I’m not sure about the commodities supercycle, but I’m 100% sure about the copper supercycle TRAFIGURA HEAD OF COPPER TRADING KOSTAS BINTAS (MARCH 2021)

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GREEN LIGHT IN THE PHILIPPINES

MANILA, April 15 (AFP): Philippine President Rodrigo Duterte has officially lifted a nine-year ban on new mining projects, in a move aimed at boosting state revenue and spurring investment in the country's coronavirus-devastated economy. This Decree (EO130) has been issued in the context of President Duterte’s existing infrastructure policy of “BUILD, BUILD, BUILD”

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01 OVERVIEW

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CELSIUS INVESTMENT PROPOSITION

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• Advanced high-grade MCB copper-gold project in the Philippines, with over 90% of JORC Resource Estimate classified as ”Indicated”

• MCB Resource includes approx. 1.5mt of contained copper and 1.5Oz of contained gold

• In-fill drilling program and scoping stud y underway

• Focused on the rapid development of MCB

• Significant upside potential from additional portfolio assets, including Sagay copper-gold project (Philippines) and Opuwo cobalt project (Namibia)

• Managemen t team with unrivalled in-Country experience, including former VP/Director (25yrs ) of Philippines largest copper producer

• Material exposure to robust long-term copper , gold and cobalt prices

• CLA to benefit from $45m historical spend on the Philippine portfolio by former owner, Freeport-McMoRan

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HIGHLY EXPERIENCED BOARD & MANAGEMENT

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MARTIN BUCKINGHAM Non-Executive Chairman

• Over 40 years’ experience in resource industries and has been Director and held senior management positions with various mining companies in the UK and overseas.

• Companies include Clogau Gold Mines plc, Atlas Consolidated Mining & Development Corp (Philippines) as EVP and CFO along with a Directorship of its wholly owned subsidiary Carmen Copper Corporation, Berong Nickel Corp, Electrum NL, Philippine Gold plc, Director and co-founder of Consort Research Limited, a metallurgical consultancy group based at the Royal School of Mines in London.

• Recently was founder of Anleck Limited which set out to develop the Makilala project portfolio previously owned by Freeport-McMoRan.

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BILL OLIVER Non-Executive Director

BLAIR SERGEANT Executive Director – Corporate

• An experienced mining executive - the former • A geologist with over 20 years’ experience in Founding Managing Director of Lemur the international resources industry working Resources, an ASX listed coal exploration and • for both major and junior companies

• development company, as well as the former Finance Director of Coal of Africa who together • Former roles include Rio Tinto, Harmony Gold, Bellamel Mining and BC Iron

• with the MD, grew the company from a sub-$2m •

• market capitalisation to + $1.5b at its peak. Extensive experience as a Director of ASX

• Extensive experience as a Director of ASX listed companies

• In the capacity of Finance Director, he oversaw the development and construction of two operating mines with total production capacity of + 8mtpa.

• Has held the position of Managing Director, Non- Executive Director and/or Company Secretary for numerous listed entities across a broad spectrum of industries.

ATTILENORE “NENE” AUSTRIA Non-Executive Director Philippines

• Worked with major Philippine public infrastructure, mining and hydropower projects for more than 10 years managing diverse teams of local and international experts to carry out studies leading to the development of plans and programs in compliance with national regulatory requirements and international standards.

• Worked closely with environmental and engineering teams to ensure social impacts are avoided or kept at the minimum while developing key project consultation and negotiation strategies

• More than 10 years of development work with World Bank and EU funded integrated rural development programs all over the Philippines.

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HIGHLY EXPERIENCED BOARD & MANAGEMENT

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PETER HUME

Country Operations Director Philippines

• Over 40 years’ experience on major mining and construction development projects on lead roles throughout Australia and internationally.

• Has worked with companies such as Porgera Joint Venture, Xstrata Copper, Xstrata Coal, Anglo Coal, Glencore, Newmont Mining Corporation, BMA Coal, Kaltim Prima Coal and Dyno Nobel among others.

• He is currently based in the Philippines and up until recently been involved in the development of the Tampakan Copper-Gold Project on the island of Southern Mindanao.

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PINE VAN WYK

Country Operations Director Namibia

• Metallurgical Engineer with extensive experience in developing and operating mines in Namibia

• Formerly with Rössing Uranium and Paladin Energy Ltd at their Langer Heinrich Uranium project as Operations Manager, taking the project from feasibility to full production

• Currently Managing Director of the Gecko Namibia group of companies

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MELANIE ROSS Company Secretary

• Over 18 years’ experience in financial accounting and analysis, audit, business and corporate advisory services in public practice, commerce and state government

• Currently a Director of a corporate advisory company based in Perth that provides corporate and other advisory services to public listed companies

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02 MCB COPPER GOLD PROJECT

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MCB COPPER GOLD PROJECT

PROJECT LOCATION

• Lies within the Central Cordillera Region on the Island of Luzon, ~320 km north of Manila. Tenement covers ~2,719 hectares.

• Significant porphyry copper-gold deposits exist throughout the region including:

• Philex deposit in the south near the city of Baguio, and;

• Lepanto deposit in the central portion of the Cordillera

• The initial exploration permit for the MCB Project (EP-0032006-CAR) granted in 2006.

• Surface exploration commenced in 2006 and drilling programs conducted between late 2006 and 2012 by the subsidiary of Freeport McMoRan at a total cost ~AUD$14.5M.

• 3rd renewal of the Exploration Permit over the MCB Project via the Mines and Geosciences Bureau (MGB) received on 20Nov-2020.

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MCB COPPER GOLD PROJECT

MAIDEN MINERAL RESOURCE COMPLETED

• Maiden Mineral Resource estimate[1] comprises 313.8Mt @ 0.48% copper, and 0.15g/t gold , at a cutoff grade of 0.2% copper.

• 290.3Mt @ 0.48% copper in the Indicated category, and

• 23.5Mt @ 0.48% copper in the Inferred category

• High-grade core of 93.7Mt @ 0.80% copper and 0.28g/t gold , at a cutoff grade of 0.5% copper.

• Total Resource includes approximately 1.5mt of contained copper and approx. 1 . 5mOz of gold

• Maiden drilling program consisting of 6 diamond drill holes for ~4000m currently underway

• Current exploration program targeting resource expansion and infill of Mineral Resource, along with technical studies to support the publishing of a Scoping Study, due Q3 2021.

• Scoping Study to focus on early development of the higher-grade core from the current JORC Resource.

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1. 1 Refer to announcement dated 12 January 2021 for JORC Resource tables
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MCB COPPER GOLD PROJECT

EXPLORATION SUCCESS – MCB 033

• Continuity of high-grade core confirmed with assay results from MCB-033, including 87.85m @ 1.24% Cu and 0.36g/t gold from 305m down hole.

• Total intersection of 619m @ 0.41% copper and 0.08g/t gold (true width est. of ~408m) from 17m down hole.

• MCB-033 has successfully achieved its primary objective of confirming the geological and grade continuity leading to improved confidence in the MCB Mineral Resource estimate.

• Drilling of MCB-034 is well underway (currently at 380 meters), which is positioned to the northeast of MCB-033 along strike of the high-grade copper-gold mineralisation.

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MCB drill hole locations and interpreted
surface geological plan view diagram
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Refer to ASX announcement of 10 June, 2021 for more information

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MCB COPPER GOLD PROJECT INDICATIVE TIMELINE & CATALYSTS

Scoping Study Work Program includes:

• Metallurgical and flotation test work program

• Mining development design with capital and Opex costing

• Conceptual hydrological study

• Conceptual Infrastructure design and costing to support the mining operation

• Conceptual Process plant design and costing

• Conceptual Dam design and costing (Tailings & Fresh Water)

NOV 2020 - FEB 2021

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NOV 2020 - FEB 2021 2021 2022
Free and Prior Resource Environment
Maiden DFS &
Informed & infill Scoping al Impact
JORC Government
Consent (FPIC) expansion Study Statement
Mineral Mineral
for Exploration drilling Completed (EIS)
in place Resource (underway) Completed Agreement
Free and Prior
Scoping Informed
EGM to Updated
MCB Permit Study Work Consent
JORC Mineral
approve
Granted Program (FPIC) for
transaction Resource
(underway) Operations in
place
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03 OTHER PROJECTS

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SAGAY PORPHYRY COPPER

SAGAY PROJECT (NABIGA-A PROSPECT)

• Located in the northern part of Negros Island, Philippines, the Sagay prospect area occurs in a structural favorable region as it lies at the flank of Mandalagan and Silay Volcanoes.

• Approximately A$10.8 million was previously spent on exploration, covering 25,076.2m of drilling across 31 diamond drill holes.

• Results from historical drilling at the Sagay Project[1] : 77.22m @ 0.69% copper & 0.19 g/t gold, within 521.37m @ 0.47% copper & 0.13g/t gold,

• 113.96m @ 0.68% copper & 0.20 g/t gold, within 461.38m @ 0.49% copper & 0.14 g/t gold,

• 23.93m @ 1.03% copper & 0.51 g/t gold, within 207.48m @ 0.44% copper & 0.12g/t gold,

• 26.74m @ 0.89% copper & 0.02 g/t gold, within 80.28m @ 0.64% copper & 0.03g/t gold,

• 25.79m @ 0.98% copper & 0.01g/t gold, within 56.86m @ 0.58% copper & 0.02g/t gold,

• 390.09m @ 0.46% copper & 0.11 g/t gold

• Further exploration is planned to commence in Q3 of 2021 with the main objective of testing the broader extents of what appears to be a very large-scale porphyry copper mineralisation at depth, as defined by the numerous thick drill hole intersections.

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1 Refer to ASX Announcement dated 20 April 2021

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OPUWO MINERALISATION

• Upgraded JORC Compliant Resource[1] estimate comprising 225.5 Mt at 0.12% Co, 0.43% Cu and 0.54% Zn

• The Minerals Resource estimate represents contained cobalt of 259,000 tonnes contained Co and 970,000 contained Cu, and consists of:

• Indicated: 45.3 Mt at 0.11% Co, 0.44% Cu and 0.51% Zn

• Inferred: 180.2 Mt at 0.12% Co, 0.43% Cu and 0.55% Zn

• Key feature of Opuwo: +95% of the Minerals Resource is comprised of the fresh sulphide ore type and over 80% of Indicated can be mined via open pit

• Mineralised zones are open in all directions with excellent scope for expansion with further drilling

• 1 Refer to Announcement of 1 July 2021

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OPUWO COBALT PROJECT

PROJECT VIABILITY

• Assessing ways of advancing the project in parallel with our copper-gold assets in the Philippines

• Further metallurgical test work and other work streams, including a PFS, being considered for implementation in 2021.

• Priority is to review the project and understand how best to unlock potential value for the benefit of the Company and its shareholders.

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Sulphide mineralisation discovered from resource drilling program at Opuwo

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CORPORATE STRUCTURE

ASX:CLA
Share Price (as at 5 July 2021)	$0.035
Shares On issue	1,047 million
Market Cap	$36.65 million
Cash Position (as at 31- Mar-21, plus $6m cap raise in April)	~$8.2 million

Celsius Share Price (1 Year)

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Top 5 Shareholders (as at 5 July 2021)	Top 5 Shareholders (as at 5 July 2021)	Top 5 Shareholders (as at 5 July 2021)	Top 5 Shareholders (as at 5 July 2021)
Rank	Name	Balance	Units
1	BNP PARIBAS NOMINEES PTY LTD	47,118,995	4.50%
2	HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED	43,874,803	4.19%
3	MARTIN BUCKINGHAM	31,000,000	2.96%
4	J P MORGAN NOMINEES AUSTRALIA PTY LIMITED	29,788,294	2.84%
5	CITICORP NOMINEES PTY LIMITED	28,028,810	2.68%

16SEPT 2020 4 FEB 2021 Announcement to Acquisition of Anleck Ltd acquire Anleck Ltd completed

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THANK YOU

+61 8 6188 8181 info@celsiusresources.com.au celsiusresources.com.au

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