DYNAMIC METALS LIMITED — Investor Presentation 2024

Feb 13, 2024

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ADVANCING AN UNDEREXPLORED CRITICAL MINERALS PORTFOLIO RIU EXPLORERS CONFERENCE PRESENTATION FEBRUARY 2024 ASX: DYM

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Important Notice and Disclaimers

This presentation has been prepared by Dynamic Metals Limited ACN 659 154 480 (“Dynamic” or “Company”) and has been authorised for release to the ASX by the Board of Directors of Dynamic. This presentation, and information contained in it, is not a prospectus, product disclosure statement or other offering document under Australian law or any other law (and will not be lodged with the Australian Securities and Investments Commission or any other foreign regulator) and is not, and does not constitute an offer, invitation or solicitation or recommendation in relation to the purchase or sale of securities in any jurisdiction and may not be distributed in any jurisdiction except in accordance with the legal requirements applicable in such jurisdictions. To the extent the information in this presentation contains any projections, the Company has provided the projections based upon the information available to the Company. To the extent permitted by law, the Company does not make any representations as to the accuracy or otherwise of that third party information.

This presentation contains general background information only, which is current at the date of this presentation unless otherwise specified. It contains selected summary information and does not purport to be all-inclusive, comprehensive or to contain all of the information that may be relevant, or which a prospective investor may require in evaluations for a possible investment in Dynamic. It should not be relied upon by the recipient in considering the merits of Dynamic, or the acquisition of shares in Dynamic. Prospective investors should not rely on the information contained in this presentation, and must satisfy themselves as to the accuracy of all such information. This presentation has been prepared based on information available at the time of preparation. To the extent permitted by law, no person is under any obligation to update this presentation at any time after its release.

This presentation does not constitute investment advice and has been prepared without taking into account the recipient’s investment objectives, financial circumstances or particular needs and the opinions and recommendations in this presentation are not intended to represent recommendations of particular investments to particular persons. Recipients should seek professional advise when deciding if an investment is appropriate. All securities transactions involve risks, which include (among others) factors and risks specific to the mineral exploration industry as well as the risk of adverse or unanticipated market, financial or political developments.

To the extent permitted by law, Dynamic, its related bodies corporate, and each of their officers, employees, agents and advisers (together, the DYM Parties ) expressly disclaim, to the maximum extent permitted by law, all liabilities including (without limitation) any liability for fraud or negligence, for any expenses, losses, damages or costs incurred either as a result of the information in this presentation being inaccurate or incomplete in any way for any reason, or otherwise arising in connection with this presentation and make no representation or warranty, express or implied, as to the currency, accuracy, reliability or completeness of information in this presentation.

All dollar values are in Australian dollars ($ or A$) unless otherwise stated.

Forward Looking Statement

This presentation may contain forward-looking statements, guidance, forecasts, estimates, prospects, projections or statements in relation to future matters that may involve risks or uncertainties and may involve significant items of subjective judgement and assumptions of future events that may or may not eventuate ( Forward Statements ). Forward Statements can generally be identified by the use of forward looking words such as "anticipate", "estimates", "will", "should", "could", "may", "expects", "plans", "forecast", "target" or similar expressions. Forward Statements including indications, guidance or outlook on future revenues, distributions or financial position and performance or return or growth in underlying investments are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. To the extent that certain statements contained in this presentation may constitute Forward Statements or statements about forward-looking matters, then the information reflects Dynamic's (and no other party's) intent, belief or expectations as at the date of this presentation. No independent third party has reviewed the reasonableness of any such statements or assumptions. None of the DYM Parties represent or warrant that such Forward Statements will be achieved or will prove to be correct or gives any warranty, express or implied, as to the accuracy, completeness, likelihood of achievement or reasonableness of any Forward Statement contained in this presentation. Except as required by law or regulation, Dynamic assumes no obligation to release updates or revisions to Forward Statements to reflect any changes. Recipients should form their own views as to these matters and any assumptions on which any of the Forward Statements are based and not place reliance on such statements.

Competent Person Statement

The information in this presentation that relates to Exploration Results was first reported by Dynamic in accordance with ASX Listing Rule 5.7 in its Prospectus dated 17 November 2022 and announced on the ASX market announcements platform on 12 January 2023. Dynamic confirms that it is not aware of any new information or data that materially affects the information included in the Prospectus.

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Investment Highlights

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Substantial Team has Portfolio of futureExposure to global decarbonization exploration extensive facing critical minerals projects and battery targets generated experience and in Australia metals thematic across Li, Ni, Cu, successful track PGE and Au record

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On-ground activities complete, drilling commenced

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Attractive valuation and leverage to exploration success

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ASX: DYM

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Justin Mannolini

Non-Executive Chairman

• Justin was a Non-Executive Director of Jindalee in 2013 and appointed Chairman in 2016

• Justin is a partner in the Corporate Advisory Group of Australian law firm Gilbert + Tobin, and was previously an Executive Director with Macquarie Capital

• Justin has more than 20 years’ experience in corporate finance as a lawyer and investment banker and was an inaugural Director of the Commonwealth Government $5bn Northern Australia Infrastructure Fund (NAIF)

• Combined degree in Commerce and Law (with Honours)

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Karen Wellman

Managing Director

• Geologist with over 20 years’ experience covering all aspects of the mining cycle, from early-stage exploration, production and mine geology, through to resource definition and estimation in Australia and Europe

• Previous roles include senior roles at Silver Lake Resources Limited and Doray Minerals Limited and CEO of Jindalee Resources

• Karen has a Bachelor of Applied Science/Bachelor of Commerce and a Master of Science (Energy and Mineral Economics)

• Member of the Australasian Institute of Mining and Metallurgy (AusIMM)

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Lindsay Dudfield

Non-Executive Director

• Geologist with over 40 years’ experience in multicommodity exploration, including senior roles with the mineral divisions of Amoco and Exxon

• Previous founding Director of Dalrymple Resources

• Founded Jindalee and has managed Jindalee since inception

• Member of the Australasian Institute of Mining and Metallurgy (AusIMM) and AIG

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Jimmy Thom

Exploration Manager

• Geologist with 16 years’ experience across project generation, brownfields exploration and resource development in Australia, Africa and Canada, most recently as Exploration Manager for Jindalee Resources

Qualifications include Bachelor of Science/Bachelor of Commerce and Master of Ore Deposit Geology

• Member of the Australian Institute of Geoscientists (AIG)

Tanh Doan

Technical Advisor

• Geologist with over 33 years exploration including 17 years with WMC and BHP Billiton working on regional and near mine exploration in Kambalda, Leinster and Mt Keith. More recently Tanh was Principal Exploration Geologist with Mincor Resources for 10 years.

• Credited with many nickel discoveries in Western Australia including Mariners (1989), Miitel (1991), Harmony (1998) and Cassini (2015)

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Capital Structure

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Item

Total Shares on Issue 48,985,001 Share Price[1] $0.175 Market Capitalisation $8.6 million Cash[2] $3.1 million Debt[3] Nil Enterprise Value $5.5 million Unlisted Options[4] 5,412,500 Top 20 Ownership[5] 65%

1. Closing share price 13/02/2024

2. Cash on hand at quarter end 31/12/2023

3. Debt at quarter end 31/12/2023

4. Issue of 4.2M options to Board & Management expiring 16 January 2026 and 1.2M Lead Manager options exercisable at $0.30 expiring 16 January 2026

5. Includes shares issued to vendor Jindalee Resources Ltd (ASX:JRL) of 12.5M escrowed for 24 months

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0.35 14000
Close Volume
0.3 12000
0.25 10000
0.2 8000
0.15 6000
0.1 4000
0.05 2000
0 0
Volume (thousands)
Closing Share Price ($)
Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24
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Ownership

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69.9
69.9% 25.5%
2.0% 2.6%
Dynamic HNW, Retail &
Institutional shareholders
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Dynamic Board & Management

ASX : DYM

Strong Diverse Project Portfolio

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Highly prospective lithium, gold and nickel exploration portfolio strongly leveraged to exploration success.

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Widgiemooltha Project Overview

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Dominant land position in highly prospective, multicommodity mineral fields Strategically located close to all necessary infrastructure including road, rail and processing facilities 100% owned and rights for all minerals Drill ready targets generated from historic data

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Mandilla
Higginsville
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ASX:DYM

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Widgiemooltha: Lithium

Emerging lithium belt

• Located well inside the lithium “Goldilocks Zone” with

• Mt Marion, Bald Hill and Buldania projects all within 25km of Dynamic tenure

• Directly adjacent to Essential Metals Dome North lithium ro ect and Sinclair LCT mine p j

• Recent exploration success include Widgie Nickel Faraday spodumene discovery[1]

• Mineral Resource Estimate 1.96Mt @ 0.7% Li O 2

• Virtually unexplored for lithium by previous holders so clean slate for exploration

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ASX :DYM

1. Widgie Nickel Ltd ASX Announcement 8 November 2023: “ 375% Growth in Faraday-Trainline Lithium Mineral Resource ”

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Widgiemooltha: Lithium Exploration

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Limited historical geochemical information on lithium and related elements Recently granted tenure opens 20km of prospective strike on western margin of Pioneer Dome Systematic surface soil sampling identified three areas for follow up exploration at Pioneer Dome, Spargos East and Franks Far Southeast

Since listing: June 2023 – Key tenements granted July 2023 - Data compilation August 2023 – Large regional soil sampling complete PDW October 2023 – Follow up auger program complete PDW November 2023 – Soil sampling at Spargos East & FFSE

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ASX:DYM

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Widgiemooltha: Regional

A prospector's paradise since 1892

Tenements adjacent to St Ives Gold Camp (JSE:GFI), Mandilla Project (ASX:AAR), Higginsville Camp & Chalice gold mine (TSX:KRR)

• St Ives Camp

• Mineral endowment >16Moz

• 5 individual deposits >2Moz

: Historic intercepts include[2]

• 6m @ 1.1g.t Au from 48m (WID4253, Higginsville)

• 3m @ 8.64g/t Au from 38m (WID4009, Franks)

Since Listing: June 2023 – AC drill program at Higginsville June 2023 – AC drill program at Mandilla

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1. Refer Dynamic Metals Prospectus dated 17 November 2022.

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Widgiemooltha: Gold Results

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Significant gold assays received at both Mandilla and Higginsville Prospects

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Higginsville – 1m @ 5.6g/t Au BOH

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Mandilla – 1m @ 3.1g/t Au BOH

ASX:DYM

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Lake Percy

Located 60km east of Mt Holland/Earl Grey lithium project (ASX:WES/NYSE:SQM) and 50km northwest of Charger Metals Medcalf discovery[2] (ASX: CHR) and TG Metals Burmeister discovery[3] (ASX:TG6) Spodumene bearing pegmatites identified 20km south at Mt Day prospect Greenstone rock sequence is intruded by low-Ca granite, geological setting is primed with LCT potential Analysis of existing trench and drill spoils indicates positive fractionation trends for LCT mineralization Anomalous Li intersected in historic drilling >600ppm and >1000ppm in recent drilling to be followed up

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Drilling intersected up
to 1000ppm Li
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1. Charger Metals Limited ASX Announcement 14 March 2023: “Charger completed maiden drilling programme at the Medcalf Spodumene Discovery” 3. TG Metals Limited ASX Announcement 30 October 2023: “High grade lithium intercepted at Lake Johnston”

ASX:DYM

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Located 35km southeast of Meekatharra on southern extension of the Gnaweeda Greenstone Belt Series of known and interpreted mafic-ultramafic bodies hosted by and emplaced within the crustal-scale Evanston-Edale (Youanmi) Shear Zone (EESZ) associated with regional nickel occurrences Historic exploration has been minimal with a focus on gold only Presence of large regional structure with known association to Ni-Cu-PGE and Cu-Au deposits supported by geochemical anomalism Initial reconnaissance work has identified 8 outcropping anomalous for Ni-Cu-Au-PGE over a 6km strike gossans

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6km
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Pipeline of exploration tenements at application stage in prospective mineral districts Applying DYM’s Staged approach to exploration: Data compilation Surface reconnaissance mapping and sampling Regional soil and auger programs Assess, rank and test with drilling

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Lady Jane Tenement Package (all applications)

ASX:DYM

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• Infill Soil Sampling Spargos East and Franks Find

• • Soil Sampling Lake Percy

• • Data Compilation on Generative Projects (Lady Jane and Lindsays)

• • Drone magnetics at Leinster

• AC Drilling at Democrat

• • AC Drilling at Deep Well

• • AC Drilling at Lake Percy

• • Soil Sampling & Mapping Lady Jane

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Mar 24 Jun 24 Sep 24 Dec 24
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• Higginsville & Mandilla RC drilling

• • Soil Sampling & Mapping Lindsays

• • Permitting for drilling at Pioneer Dome West

• • Permitting Deep Well

• RC drilling Democrat

• • AC Drilling Deep Well

• • Drilling at Generative Projects (Lindsay, Leinster, Lady Ida)

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Investment Summary

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Located Tier 1 jurisdictions and exposed to multiple critical mineral commodities

Quality team that has extensive experience and successful track record

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Active 2024 exploration program, with strong pipeline of high-priority targets

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Attractive valuation proposition and leveraged to exploration success

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ASX: DYM

Contact Information

T: +61 8 6558 0637

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E: enquiry@dynamicmetals.com au W: dynamicmetals.com.au

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Farm-Ins

• Joyners Find Project (Au) with Great Western Exploration Ltd

• Leinster Project (Ni) with Future Battery Minerals Ltd

• Torque (Au) with Torque Metals Ltd

Interests

• 80% interest in Deep Well (Ni, Cu, PGE) with M61 Holdings Pty Ltd

• 30% interest in Prospect Ridge (MgCO3) with GWR Group[1]

• 20% interest Forrestania Project (Ni, Li) with Forrestania Resources Ltd

• 20% interest Joyners Project (Iron Ore) with GWR Group Ltd[2]

• • 10% interest in Aries (diamond) with Odessa Minerals Ltd

• • 20% interest in Salt Creek (Au) MTM Critical Metals Ltd

• GWR must spend $2M and produce Scoping Study within 5 years or project reverts back 100% to DYM 2. Currently under binding sale agreement to Gold Valley West Wiluna Pty Ltd.