EMERALD RESOURCES NL — Investor Presentation 2023

Aug 8, 2023

Emerald Resources NL Diggers & Dealers Presentation August 2023

==> picture [258 x 204] intentionally omitted <==

==> picture [40 x 18] intentionally omitted <==

==> picture [52 x 13] intentionally omitted <==

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

ASX:EMR
----- End of picture text -----

==> picture [166 x 106] intentionally omitted <==

Presentation Disclaimer

==> picture [110 x 26] intentionally omitted <==

Forward Looking Statement

This presentation contains certain forward looking statements. These forward-looking statements are not historical facts but rather are based on the Company’s current expectations, estimates and projections about the industry in which Emerald Resources NL (“Emerald” or the Company”) operates, and beliefs and assumptions regarding the Company’s future performance. Words such as “anticipates”, “expects”, “intends”, “plans”, “believes”, “seeks”’ “estimates”, “potential” and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to known or unknown risks, uncertainties and other factors, some of which are beyond the control of the Company, are difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, which reflect the view of Emerald Resources only as of the date of this announcement. The forward-looking statements made in this release relate only to events as of the date on which the statements are made. Emerald will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances or unanticipated events occurring after the date of this announcement except as required by law or by any appropriate regulatory authority.

This presentation has been prepared in compliance with the current JORC Code 2012 Edition and the ASX Listing Rules. All material assumptions on which the forecast financial information is based have been included in this presentation. 100% of the production target referred to in the 1 May 2017 and 26 November 2019 announcements is based on Probable Ore Reserves.

The Company believes that is has a reasonable basis for making the forward-looking statements in this announcement, including with respect to any production targets and financial estimates, based on the information contained in this announcement. All material assumptions underpinning the production target or the forecast financial information continue to apply and have not materially changed.

Emerald has a highly experienced management team, undoubtedly one of the best credentialed gold development teams in Australia with a proven history of developing projects successfully, quickly and cost effectively. They are a team of highly competent mining engineers and geologists who have overseen the successful development of gold projects in developing countries such as the Bonikro Gold Project in Cote d’Ivoire for Equigold NL and more recently, Regis Resources Ltd.

Estimates of Resources and Reserves

The ASX Listing Rules require that the reporting of ore reserves and mineral resources in Australia comply with the Joint Ore Reserves Committee's Australasian Code for Reporting of Mineral Resources and Ore Reserves ("JORC Code"). Investors outside Australia should note that while ore reserve and mineral resource estimates of Emerald in this presentation comply with the JORC Code (such JORC Code-compliant ore reserves and mineral resources being "Ore Reserves" and "Mineral Resources" respectively), they may not comply with the relevant guidelines in other countries and, in particular, do not comply with (i) National Instrument 43-101 (Standards of Disclosure for Mineral Projects) of the Canadian Securities Administrators (the "Canadian NI 43-101 Standards"); or (ii) Industry Guide 7, which governs disclosures of reserves in registration statements filed with the US Securities and Exchange Commission (the "SEC"). Information contained in this presentation describing mineral deposits may not be comparable to similar information made public by companies subject to the reporting and disclosure requirements of Canadian or US securities laws. In particular, Industry Guide 7 does not recognise classifications other than proven and probable reserves and, as a result, the SEC generally does not permit mining companies to disclose their mineral resources in SEC filings. You should not assume that quantities reported as “resources” will be converted to reserves under the JORC Code or any other reporting regime or that Emerald will be able to legally and economically extract them.

Competent Persons Statements

The information in this report that relates to Exploration, Drill and Grade Control Results relating to the Company’s Cambodian projects is based on information compiled by Mr Keith King, who is an employee to the Company and who is a Member of The Australasian Institute of Mining & Metallurgy. Mr Keith King has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity which he is undertaking 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’. Mr Keith King has reviewed the contents of this release and consents to the inclusion in this announcement of all technical statements based on his information in the form and context in which it appears.

The information in this report that relates to the Mineral Resources for the Okvau Gold Deposit was prepared by EGRM Consulting Pty Ltd, Mr Brett Gossage, who is a consultant to the Company, who is a Member of the Australasian Institute of Mining & Metallurgy (AIG), and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined by the 2012 edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr Gossage has reviewed the contents of this news release and consents to the inclusion in this announcement of all technical statements based on his information in the form and context in which it appears.

Information in this announcement that relates to Ore Reserves for the Okvau Gold Deposit is based on, and fairly represents, information and supporting documentation prepared by Mr Glenn Williamson, an independent specialist mining consultant. Mr Williamson is a Member of the Australasian Institute of Mining & Metallurgy. Mr Williamson has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person (or “CP”) as defined in the 2012 edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr Williamson has reviewed the contents of this news release and consents to the inclusion in this announcement of all technical statements based on his information in the form and context in which it appears.

The information in this report that relates to work on the Bullseye Mining Projects including Exploration and Drill Results completed before on or before 21 February 2022 is based on information compiled by Mr Rob Cooke, a Competent Person who is an employee of Bullseye Mining Limited and a Member of the Australian Institute of Geoscientists (Membership No. 3054840 ). Mr Cooke 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’. The Company confirms that the form and context in which the Competent Person’s findings presented have not been materially modified. Mr Cooke has reviewed the contents of this release and consents to the inclusion in this announcement of all technical statements based on his information in the form and context in which it appears.

Work including drilling completed on the Bullseye Mining Projects between 21 February 2022 and 5 October 2022 was completed under the supervision of Mr Rob Cooke, who was an employee of Bullseye Mining Limited at the time and is a Member of The Australasian Institute of Mining & Metallurgy. Mr Cooke has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity which he is undertaking 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’. Mr Cooke has reviewed the contents of this release and consents to the inclusion in this announcement of all technical statements based on his information in the form and context in which it appears.

Drill assay results received from the Bullseye Mining Projects after 21 February 2022 have been reviewed for QAQC and data integrity by Mr Keith King, who is an employee of the Company and is a Member of The Australasian Institute of Mining & Metallurgy. Mr King has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity which he is undertaking 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’. Mr King has reviewed the contents of this release and consents to the inclusion in this announcement of all technical statements based on his information in the form and context in which it appears.

Work including drilling completed on the Bullseye Mining Projects after 5 October 2022 is based on information compiled by Mr Keith King, who is an employee to the Company and who is a Member of The Australasian Institute of Mining & Metallurgy. Mr Keith King has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity which he is undertaking 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’. Mr Keith King has reviewed the contents of this release and consents to the inclusion in this announcement of all technical statements based on his information in the form and context in which it appears.

2

ASX: EMR | www.emeraldresources.com.au

Why Invest in Emerald?

==> picture [110 x 26] intentionally omitted <==

KEY TAKEAWAY: Organic pathway to become a multiple mine, +300koz pa gold producer with no further dilution to shareholders

RIGHT ▪ Board and management team - development and operation - with a history of TEAM delivery:

• A history of success spanning ~ 30 years;

• In house development team delivered 5 projects in Australia, Cambodia and Ivory Coast in past 15 years;

• All 5 projects delivered on time and on budget.

• Board and management aligned with shareholders.

PRODUCING ▪ Okvau Gold Mine – producing asset with robust cash flows: - ASSET WITH Produced 197koz at AISC US$783/oz since commissioning in Sept 2021 (Project to date: 210koz);(Project to date: 210koz); - GOLD Operating cash flow of US$80 million for the 12 months to June 2023; - EXPOSURE Forecast +100,000oz gold production for 2024 at AISC US$780 - US$850/oz. ▪ Unhedged gold resources with a clear pathway to short term resource growth. ORGANIC ▪ Australia – Australian operation Bullseye Mining Limited (pathway to +75%): - GROWTH Three projects with 1,200 km² of prospective tenure;

• Produced 197koz at AISC US$783/oz since commissioning in Sept 2021 (Project to date: 210koz);(Project to date: 210koz);

• North Laverton Gold Project 800km[2] of tenure covering entire Dingo Range Greenstone Belt;

• • Additional resources and reserves to be expected during second half 2023.

▪ Cambodia – Second Cambodian operation and resource/reserve expansion :

• Memot Gold Project - high grade second operation;

• Okvau reserve expansion;

• Okvau near mine - Samnang, Preak Long, Antrong.

3

ASX: EMR | www.emeraldresources.com.au

Emerald at a Glance

Shareholder Structure

==> picture [336 x 187] intentionally omitted <==

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

Institutional
Retail & High Net
Investors
Worth Investors
47%
33%
Directors &
Management
20%
----- End of picture text -----

==> picture [110 x 26] intentionally omitted <==

Capital Structure

Capital Structure
ASX Code	EMR
Share Price	$2.31¹
Market Cap (undiluted)	A$1.4B

1 Share Price as at 1 August 2023.. There are also 16.6M unlisted options on issue with exercise prices ranging from $0.39 to $2.17

Board & Management

Jay Hughes, Non-Executive Chairman

Morgan Hart, Managing Director

• Previously Executive Director (Operations) of Regis Resources Ltd.

Mick Evans, Executive Director

Significant Shareholders

Van Eck Associates Corporation	7.38%
Morgan Hart	6.79%
BlackRock Group	6.62%
Tazga Two Pty Ltd	6.31%
T. Rowe Price Associates, Inc	5.72%
Other EMR Directors and Management	6.37%
Institutional Investors	~47%

• Previously Chief Development Officer with Regis Resources Ltd (managed the construction of gold plants at the Moolart Well, Garden Well and Rosemont).

Simon Lee AO, Non-Executive Director

Ross Stanley, Non-Executive Director Billie J Slott, Non-Executive Director Michael Bowen, Non-Executive Director

Mark Clements, Non-Executive Director & Company Secretary

==> picture [65 x 63] intentionally omitted <==

Bernie Cleary, Operations Manager

4

ASX: EMR | www.emeraldresources.com.au

Key Assets – producing mine with two more to build

==> picture [110 x 26] intentionally omitted <==

• Okvau Gold Producing asset with robust cash flows; Mine ▪ Produced 197koz since commissioning in Sept 2021 (Project to date: 210koz); (Emerald – 100%) ▪ AISC of US$783/oz since commissioning;

• ▪ Operating cash flow of US$80 million for the 12 months to June 2023;

• ▪ Forecast +100,000oz gold production for 2024 at AISC US$780 - US$850/oz;

• ▪ Resource update September 2023 quarter.

• ▪

• North Laverton 800km[2] of tenure covering the entire Dingo Range Greenstone Belt; ▪

• Gold Project One of the few remaining under explored greenstone belts in Western Australia; (Bullseye Mining ▪

• Limited) Drilling underway on the 6.4km Boundary Bungarra mineralised zone; ▪ Additional resource/reserves expected second half 2023 to underpin studies;

• ▪ Aim to commence development activities in 2024.

• ▪

• Memot Gold Potential second high grade Cambodian operation; ▪

• Project Maiden resource expected second half 2023; (Emerald – 100%) ▪ Aim to commence development activities in 2025.

==> picture [237 x 137] intentionally omitted <==

==> picture [231 x 137] intentionally omitted <==

==> picture [227 x 137] intentionally omitted <==

5

ASX: EMR | www.emeraldresources.com.au

Okvau Gold Mine

==> picture [110 x 26] intentionally omitted <==

Location	Mondulkiri Province, Cambodia
Ownership	100% Emerald(ultimate parent entity)
Type	Open pit mining
Initial Resource (March 2021)	Indicated and Inferred Mineral Resource Estimate of 1.06Moz at 1.91g/t Au
Initial Reserve (March 2021)	14.3Mt & 2.0g/t Au for 0.9Mozs in a single open pit with waste:ore ratio of 5.8:1
Mine Life	7 years and increasing
Construction Costs	Budget: US$98.0 million Actual: US$97.6 million
Construction Delivery	On time and on budget
First Production	June 2021
Okvau Performance	Project to date: 210koz(includes commissioning) From commissioning: 197koz at AISC of US$783/oz(commissioned in September 2021)
2024 Guidance	+100,000oz gold production for 2024 at AISC US$780 - US$850/oz

==> picture [318 x 202] intentionally omitted <==

==> picture [318 x 211] intentionally omitted <==

Reference is made to the Company’s ASX release dated 1 May 2017 titled Okvau DFS Delivers Ore Reserve of 907,000oz and ASX announcement dated 26 November 2019 and December 2022 Quarterly Report. All material assumptions underpinning the production target or the forecast financial information continue to apply and have not materially changed.

6

ASX: EMR | www.emeraldresources.com.au

==> picture [110 x 26] intentionally omitted <==

Cambodian Exploration Upside

• Okvau reserve expansion;

• Okvau near mine - Samnang, Preak Long, Antrong;

• Memot – potential high grade second Cambodian operation;

• Regional exploration potential – 1,639 km² of prospective tenure.

7

ASX: EMR | www.emeraldresources.com.au

Okvau Resource Growth

Southern Eastern Depth Extension

• 10m @ 9.67g/t from 411m (DD12OKV108);

• ▪ 11m @ 8.40g/t from 399m (DD11OKV091);

• 6m @ 14.10g/t from 323m (RCDD22OKV444);

• 6m @11.40g/t from 258m (RCDD20OKV424);

• 6m @ 9.70g/t from 520m (DD16OKV373);

• 3m @ 14.28g/t from 432m (DD16OKV372).

==> picture [347 x 268] intentionally omitted <==

==> picture [110 x 26] intentionally omitted <==

Eastern Feeder Zone Mineralisation

• 10m @ 14.17g/t Au from 258m (RCDD22OKV449);

• 15m @ 11.92g/t Au from 143m (RC19OKV390);

• 8m @ 19.98g/t Au from 172m (RC19OKV397);

• 6m @ 14.10g/t Au from 323m (RCDD22OKV444);

• 6m @ 11.40g/t Au from 258m (RCDD20OKV424);

• 6m @ 9.70g/t Au from 520m (DD16OKV373).

==> picture [353 x 267] intentionally omitted <==

==> picture [11 x 15] intentionally omitted <==

• 1 Reference is made to the Company’s ASX release dated 26 July 2017.

2 Reference is made to the Company’s ASX release dated 28 April 2017.

• 3 Reference is made to the Company’s ASX release dated 29 January 2021.

• 4 Reference is made to the Company’s ASX release dated 28 July 2022.

Reference is made to the Company’s ASX release dated 7 October 2022. Reference is made to the Company’s ASX release dated 29 January 2021. Reference is made to the Company’s ASX release dated 2 July 2019. Reference is made to the Company’s ASX release dated 28 April 2017.

8

ASX: EMR | www.emeraldresources.com.au

Regional Exploration Potential

==> picture [110 x 26] intentionally omitted <==

• ❑ Dominant land position of 1,639 km² covering a north-west trending zone of granitoid intrusions;

• ❑ Multiple Gold occurrences with direct associations with intrusions with pathfinder multi-elements (bismuth, arsenic, tellurium).

Phnom Ktung Licence (Earning 70%) Geochemical anomaly 2.5km x 1km Peak auger sample 7270ppb Peak rock chip 38.3g/t

==> picture [73 x 12] intentionally omitted <==

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

CAMBODIA
----- End of picture text -----

==> picture [73 x 10] intentionally omitted <==

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

Snuol Licence
----- End of picture text -----

(Earning 70%) 6m @ 8.28g/t fr 12m 3m @ 6.43g/t fr 6m 5m @ 6.23g/t fr 14m 8m @ 1.37g/t fr 34m 3m @ 2.67g/t fr 24m

Memot Licence (100%)

1m @ 31.4g/t Au from 132m 3m @ 7.11g/t Au from 132m 1m @ 21.3g/t Au from 69m 1m @ 37.20 g/t Au from 33m 1m @ 31.70g/t Au from 49m 0.45m @ 37.10g/t Au from 74.55m

==> picture [173 x 40] intentionally omitted <==

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

Ochhung Licence
(100%)
----- End of picture text -----

Okvau Licence (100%)

Antrong North (Earning 80%) Joint Venture Antrong South (Earning 80%) Joint Venture

Okvau Gold Deposit 1.14 Moz

Samnang Prospect 9m @ 6.60g/t fr 0m 10m @ 2.46g/t fr 36m 9m @ 2.03g/t fr 52m 3m @ 8.93g/t fr 28m 5m @ 7.48g/t fr14m

Oktung & Preak Klong (100%)

New drilling 2022 3m @ 31.09g/t from 65m (RC22PRK016) 2m @ 14.07g/t from 21m (RC22GSN025) 5m @ 3.11g/t from 41m (RC22GSN024B) 2m @ 5.95g/t from 30m (RC22GSN023) Historical

3m @ 8.9g/t from 73m 4m @ 10.2g/t from 56m 3m @ 12.9g/t from 38m 3m @ 8.5g/t from 58m 2m @ 13.5g/t from 89m 1m @ 16.2g/t from 74m

VIETNAM

Refer to the Company’s ASX Announcements dated 28 July 2022, 30 January 2022, 29 April 2022 1 April 2020, 30 October 2020, 31 October 2019 and 13 July 2017.

9

ASX: EMR | www.emeraldresources.com.au

Memot Gold Project – Ongoing Maiden Drilling Programme

==> picture [110 x 26] intentionally omitted <==

==> picture [691 x 465] intentionally omitted <==

Refer to the Company’s ASX Announcements dated 29 July 2022, 30 January 2022, 29 April 2022.

ASX: EMR | www.emeraldresources.com.au

10

Memot Gold Project – Ongoing Maiden Drilling Programme

==> picture [110 x 26] intentionally omitted <==

Drilling results on the Memot Gold Project include the following: Historical Results Recent EMR results

• 0.3m @ 145.00g/t from 14.2m (ML3);

• 3.54m @ 10.30g/t from 0m (ZK8-1);

• 0.3m @ 96.00g/t from 12.7m (ML7);

• 4m @ 5.98g/t from 7m (ML8);

• 0.3m @ 76.5g/t from 10.7m (ML6);

• 3.8m @ 5.45g/t from 0m (ZK12-7);

• 0.3 @ 59.70g/t from 8.2m (ML1);

• 0.3m @ 55.60g/t from 16.2m (ML2);

• 0.3m @ 48.30g/t from 13.3m (ML4);

• 5m @ 2.85g/t from 13.79m (ZK4-5);

• 0.3m @ 23.70g/t from 16.6m (ML2);

• 0.3m @ 16.70g/t from 20.3m (ZK0-1);

• 1m @ 37.20g/t from 33m (DD21MMT005);

• 1m @ 31.70g/t from 49m (DD21MMT010);

• 1m @ 25.40g/t from 30m (DD21MMT006);

• 0.3m @ 23.10 g/t Au from 50.15m (DD22MMT019);

• 0.4m @ 17.70 g/t Au, 230 g/t Ag, 2.78% Cu, 0.56% Pb and 1.74% Zn from 190m (DD22MMT013);

• 1m @ 10.35g/t from 51m (DD21MMT009);

• 1m @ 10.10g/t from 68m (DD21MMT010);

• 0.4m @ 17.05 g/t Au from 34m (DD22MMT013);

• 0.3m @ 29.1g/t Au from 159m (DD22MMT023);

• 0.3m @ 23.1g/t Au from 50.15m (DD22MMT019);

• 0.4m @ 18.55g/t Au from 150.9m (DD22MMT022).

• 0.5m @ 6.40g/t from 34.35m (ZK2-3).

==> picture [311 x 187] intentionally omitted <==

==> picture [132 x 186] intentionally omitted <==

==> picture [254 x 187] intentionally omitted <==

Refer to the Company’s ASX Announcements 29 July 2022, 30 January 2022, 29 April 2022.

11

ASX: EMR | www.emeraldresources.com.au

==> picture [110 x 26] intentionally omitted <==

Australian Exploration Upside (Emerald ~60% with takeover underway) Bullseye Mining Limited

==> picture [152 x 152] intentionally omitted <==

• Two projects with 1,200 km² of prospective tenure;

• North Laverton Gold Project 800km[2] of tenure covering entire Dingo Range Greenstone Belt;

• 6.4km Boundary Bungarra mineralised zone;

• Additional resources and reserves to be expected during second half 2023.

12

ASX: EMR | www.emeraldresources.com.au

Bullseye Projects and Location

==> picture [110 x 26] intentionally omitted <==

• Bullseye hold three Western Australian gold projects totaling in excess of 1,200km[2] of highly prospective gold tenure;

• Their most advanced project is the North Laverton Gold Project:

• located in Western Australia, within one of the worlds richest and most established gold regions;

• covers in excess of 800km[2] of the entire Dingo Range greenstone belt;

• in excess of 100 million ounces of Gold has been produced or discovered in the areas surrounding the project.

• An additional project comprising of the Southern Cross Gold Project and the Aurora Gold Project which cover over 400km[2] of tenure.

Bullseye Projects Location and Licence Areas

==> picture [274 x 274] intentionally omitted <==

North Laverton Gold Project Location

==> picture [235 x 278] intentionally omitted <==

Refer to the Company’s ASX Announcement dated 7 December 2021.

13

ASX: EMR | www.emeraldresources.com.au

North Laverton – Boundary-Bungarra Prospect

==> picture [110 x 26] intentionally omitted <==

The North Laverton Gold Projects most advanced prospect is the Boundary-Bungarra Prospect:-

• Four granted mining licences covering 36km[2] over the Boundary-Bungarra Prospect;

• JORC compliant resource calculated in 2015 based on limited shallow (average to approx. 120m) drilling;

• Significant additional drilling undertaken subsequent to existing resource adding to the resource base;

• Expectation for significant growth to resources with current drilling programme.

North Laverton Gold Project Tenure Holding

Boundary-Bungarra Prospect

==> picture [489 x 337] intentionally omitted <==

Refer to the Company’s ASX Announcement dated 7 December 2021.

14

ASX: EMR | www.emeraldresources.com.au

North Laverton – Boundary-Bungarra Prospect

==> picture [110 x 26] intentionally omitted <==

• 98,000m resource definition drilling programme underway;

• Following up existing significate results across ~114,000m of existing drilling completed to an average depth of ~120m.

Significant intersections over the Boundary-Bungarra Prospect to date include:

Boundary

5m @ 60.25g/t from 171m (WDDH8); 45m @ 6.07g/t from 73m (BDRC058); 27m @ 9.34g/t from 153m (BDRC035); 53m @ 3.55g/t from 66m (WRC24); 11m @ 16.56g/t from 196m (WDDH9); 48m @ 3.44g/t from 66m (WRC17) (EOH); 47m @ 3.42g/t from 93m (BDRD0025); 30m @ 5.16g/t from 151m (WDDH10); 19m @ 7.89g/t from 58m (BRC1002); 8m @ 17.14g/t from 38m (BDRC060); 40m @ 3.17g/t from 55m (BDRD0022); 27m @ 4.53g/t from 62m (BDRC014); 9m @ 13.55g/t from 42m (WDDH1); 30m @ 3.82g/t from 179m (BDRD0043); 9m @ 12.55g/t from 42m (WRC23); 27m @ 4.07g/t from 62m (BDRD0094); 23m @ 4.16g/t from 73m (BDRC061); 24m @ 3.88g/t from 20m (DRP176) (EOH); 49m @ 1.89g/t from 74m (BDRD0061); 45m @ 2.01g/t from 62m (BDRD0010).

Bungarra

14m @ 31.46g/t from 33m (LAVRD0126); 19m @ 13.41g/t from 32m (DRP495); 17m @ 13.28g/t from 49m (LAVRD0132); 3m @ 67.37g/t from 30m (BFRC15); 5m @ 39.41g/t from 31m (LAVRD0133); 9m @ 17.02g/t from 33m (BFRC13); 6m @ 23.26g/t from 89m (LAVRD0054); 9m @ 15.45g/t from 39m (LAVRD0142); 14m @ 9.74g/t from 30m (LAVGW0003); 9m @ 14.58g/t from 75m (LAVRD0054); 6m @ 19.28g/t from 53m (LAVRD0135); 8m @ 12.38g/t from 48m (LAVRD0054); 6m @ 16.16g/t from 59m (LAVRD0156); 4m @ 23.78g/t from 49m (LAVGW0002).

Hurleys

12m @ 3.30g/t from 13m (HRRD0020); 12m @ 2.77g/t from 47m (HRRD0050); 3m @ 9.00g/t from 62m (HRRD0062); 9m @ 2.27g/t from 64m (HRRD0032).

Neptune

26m @ 6.95g/t from 40m (NPRD0039); 16m @ 10.10g/t from 63m (NPRD0026); 25m @ 5.24g/t from 0m (NPGC0053); 17m @ 7.44g/t from 29m (NPRD0007); 33m @ 3.82g/t from 37m (NPMD1019); 40m @ 2.98g/t from 14m (NPGC0025); 7m @ 15.99g/t from 68m (NPRD0015); 22m @ 4.87g/t from 17m (NPRD0056); 15m @ 6.60g/t from 67m (NPMD1007); 3m @ 29.85g/t from 45m (NPMD1026); 6m @ 14.24g/t from 37m (NPGC0018); 9m @ 9.36g/t from 7m (NPGC0045); 53m @ 1.45g/t from 12m (NPMD1034);

Stirling

26m @ 5.83g/t from 33m (STRD0016); 38m @ 2.62 g/t from 16m (SRC7); 31m @ 2.75g/t from 35m (STRD0008); 27m @ 2.30g/t from 59m (STRD0007); 27m @ 2.25g/t from 31m (STRD0019).

• Blue highlighted intersections >100 gram x meters

Refer to the Company’s ASX Announcements 7 October 2022 and 15 July 2022.

15

ASX: EMR | www.emeraldresources.com.au

North Laverton – Boundary-Bungarra Long Sections

==> picture [110 x 26] intentionally omitted <==

Long Section of the Boundary, Neptune and Stirling Prospects

==> picture [710 x 399] intentionally omitted <==

Refer to the Company’s ASX Announcement dated 15 July 2022.

16

ASX: EMR | www.emeraldresources.com.au

North Laverton – Boundary-Bungarra Long Sections

==> picture [110 x 26] intentionally omitted <==

Long Section of the Hurleys and Bungarra Prospects

==> picture [706 x 362] intentionally omitted <==

Refer to the Company’s ASX Announcement dated 15 July 2022.

17

ASX: EMR | www.emeraldresources.com.au

Environmental & Social Values

==> picture [110 x 26] intentionally omitted <==

Emerald is to have a (net) positive impact on near-mine environmental and social values through:

• Setting the benchmark for an environmentally & socially responsible, sustainable and transparent mining industry in Cambodia;

• Commitment to carbon neutral operations in Cambodia;

• Achieving compliance with corporate governance, international guidelines & local laws;

• ▪ Significant funding commitments including establishing the Mineral Fund for Community Development;

• Partnership with the Phnom Prich Wildlife Sanctuary to strengthen law enforcement and wildlife protection, including protecting 9,000ha of project Biodiversity Offset Sites established within the sanctuary;

• Comprehensive EMS & environmental monitoring programme ;

• Identifying community needs and providing support including the School Nursery Programme, water wells, sanitation, village road safety and donations; and

• Internal and external auditing processes.

==> picture [414 x 145] intentionally omitted <==

Community Development Legacy

• ✓ Improved access to markets, health care and schools;

• ✓ Transferable workplace skills;

• ✓ Improved access to water;

• ✓ Upskilled regulators;

• ✓ Post mining programs; and

• ✓ Re-established endangered tree species.

18

ASX: EMR | www.emeraldresources.com.au

Key Takeaways

==> picture [110 x 26] intentionally omitted <==

• RIGHT ▪ Board and management team - development and operation - with a history of TEAM delivery: - A history of success spanning ~ 30 years;

• • In house development team delivered 5 projects in Australia, Cambodia and Ivory Coast in past 15 years;
• • All 5 projects delivered on time and on budget.

• ▪ Board and management aligned with shareholders.

• PRODUCING ▪ Okvau Gold Mine – producing asset with robust cash flows: -

• ASSET WITH Produced 197koz at AISC US$783/oz since commissioning in Sept 2021 (Project to date: 210koz); -

• GOLD Operating cash flow of US$80 million for the 12 months to June 2023; -

• EXPOSURE Forecast +100,000oz gold production for 2024 at AISC US$780 - US$850/oz. ▪ Unhedged gold resources with a clear pathway to short term resource growth.

• ORGANIC ▪ Australia – Australian operation Bullseye Mining Limited (pathway to +75%): -

• GROWTH Three projects with 1,200 km² of prospective tenure; - North Laverton Gold Project 800km[2] of tenure covering entire Dingo Range Greenstone Belt;

• • Additional resources and reserves to be expected during second half 2023.

• ▪ Cambodia – Second Cambodian operation and resource/reserve expansion : - Memot Gold Project - high grade second operation;

• • Okvau reserve expansion;
• • Okvau near mine - Samnang, Preak Long, Antrong.

Emerald on the path of becoming a multiple mine, + 300koz pa gold producer with no further dilution to shareholders

19

ASX: EMR | www.emeraldresources.com.au

==> picture [110 x 26] intentionally omitted <==

==> picture [329 x 254] intentionally omitted <==

==> picture [244 x 279] intentionally omitted <==

Thank You

20

ASX: EMR | www.emeraldresources.com.au