EV RESOURCES LTD — Investor Presentation 2023

Nov 23, 2023

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ASX: EVR
Advancing copper exploration in Peru
Presentation to Hidden Gems webinar
24th November 2023
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JORC Code”) and available for viewing at https://evresources.com.au/. EVR confirms that it is not aware of any new information or data that materially affects the information included in any original ASX market announcement. These announcements are as follows: •

Parag Project - 4th May 2023; 13[th] June 2023; 3[rd] August 2023; 9[th] October 2023

Don Enrique Project – 30[th] August 2022, 21[st] November 2022, 28[th] March 2023; 30[th] May 2023; 12[th] July 2023

Note: The figures are generated with Cu Eq (Copper Equivalent) values calculated based on the average of the Mo/Cu ratio calculated on April 30 and October 26[th] 2023 (6.365:1). The ratio is subject to variance with the relative prices of the commodity and no prediction is made as to future pricing

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Corporate Snapshot

Shares on Issue 954.6million Options on Issue 108.3 million @ $0.045 52-week trading range 0.01 – 0.026 Market Capitalisation ($A) $10.5 million Cash at Hand (30 Sep) $0.64 million Enterprise Value[1] $10.8 million Top 20 Ownership (%) 51.5%

EVR 12 Month Share Price and Volumes

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$0.025 70,000,000
60,000,000
$0.020
50,000,000
$0.015
40,000,000
30,000,000
$0.010
20,000,000
$0.005
10,000,000
$0.000 0
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15-Nov-22 15-Dec-22 15-Jan-23 15-Feb-23 15-Mar-23 15-Apr-23 15-May-23 15-Jun-23 15-Jul-23 15-Aug-23 15-Sep-23 15-Oct-23 15-Nov-23
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1 See ASX announcement 7th August 2023 “EVR strengthens balance sheet to accelerate exploration”

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% Share 27% 2%

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Powered by Bing
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© Australian Bureau of Statistics, GeoNames, Microsoft, Navinfo, Open Places, OpenStreetMap, TomTom, Zenrin

Source: Ministry of Energy and Mines of Peru (MINEM) 1 - www.statista.com

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Near term market Two potentially globally significant copper projects Project Commodity Completed Works catal sts y

Don Enrique

Copper-Silver

Mapping, sampling, geophysics completed and a drilling licence is granted

A 2000 metre drill programme starts shortly to test a substantial chargeability anomaly.

Drilling expected by end of 2023, subject to drill rig availability

Parag

CopperMolybdenum

10,170m of diamond drilling

Drill permitting underway on an expanded drilling programme matched to the revised geological model.

Drilling expected in early 2024

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• The Project is owned by EVR’s 50% owned

• In total, 14 licences cover 1,800Ha in an area

• EVR holds an option to purchase the remaining

• EVR has been granted a small miner’s license

• Water and power are available in the area, and

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• Channel sample results show elevated copper results

• 17 of the samples recorded silver values greater than

• An

• This chargeability high is interpreted to be open below the

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Selected drill holes

• Drilling to date shows exceptionally high molybdenum by-product grades

• Molybdenum prices at US$25.23/lb are 6.36x higher than copper prices at 26/10/2023

• Molybdenum by product grades in copper orebodies seldom exceed 0.03% and most pure molybdenum orebodies run at grades of 0.080.14% Mo and are not economic at today’s prices.

Note: a Full list of Drill Holes and Assays from Parag is contained in the ASX Announcement “EVR Acquires High Grade Parag Copper-Molybdenum Project in Peru” dated 4[th] May 2023) . EVR has excluded the small quantities of contained gold and silver from this calculation

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Parag – plan view and cross section (Copper Equivalent)

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Plot of historical drill holes in a SW-NE section shows Cu-Mo mineralization over a 1200m strike, 500 m width, and open at depth with substantial targets for extensional and infill drilling. Porphyry clasts in the drill core suggest potential for a porphyry target at depth.

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hugh@evresources.com.au

311-313 Hay Street, Subiaco, WA 6008, AUSTRALIA

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