EV RESOURCES LTD — Investor Presentation 2023

Jun 12, 2023

==> picture [280 x 34] intentionally omitted <==

==> picture [130 x 46] intentionally omitted <==

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

ASX: EVR
----- End of picture text -----

Advancing Copper Exploration In The Americas

June 2023

==> picture [241 x 29] intentionally omitted <==

2

==> picture [241 x 29] intentionally omitted <==

Project	Project			Work to Date	Work to Date	EV Resources will focus its EV Battery Minerals strategy on copper projects in The Americas In May 2023, EV Resources announced the acquisition of the advanced and high-grade Parag Copper-Molybdenum project in Peru La Cienaga in la Paz County, Arizona, USA, is a Greenfields project covering 3364 acres, with field programmes planned to commence in the 2H 2024
	Project	Country	Ownership	Work to Date
	Parag	Peru	70%	76 holes totalling 18,470m of Diamond Drilling
	Don Enrique	Peru	50% with a right to acquire full 100% ownership	Mapping, sampling, geophysics completed and drillpermittingunderway
La Cienaga	La Cienaga	Arizona (USA)	100%	Greenfields ground pegged

EV Resources will focus its EV Battery Minerals strategy on copper projects in The Americas In May 2023, EV Resources announced the acquisition of the advanced and high-grade Parag Copper-Molybdenum project in Peru

La Cienaga in la Paz County, Arizona, USA, is a Greenfields project covering 3364 acres, with field programmes planned to commence in the 2H 2024

3

==> picture [241 x 29] intentionally omitted <==

==> picture [78 x 41] intentionally omitted <==

Why Peru? Peru is a major Copper Producer.

which is an increase of 4.8% compared to 2021 (2,326,035 tonnes)

Peru’s fast-growing economy is one of Latin America’s top performers, with 18 years of macroeconomic and financial stability to its credit. The world’s second biggest producer of silver, third biggest producer of copper and zinc, fourth biggest of tin and lead and the sixth biggest in gold has a well-established mining, equipment, technology and services (METS)

Australia and Peru have signed a bilateral trade agreement and are both also member countries of the Comprehensive and Progressive Agreement for TransPacific Partnership (TPP-11)

Source: Ministry of Energy and Mines of Peru (MINEM)

4

==> picture [960 x 540] intentionally omitted <==

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

Parag – Extensive Historical Drilling
•
Parag has had 76 Diamond Holes drilled totaling 18,470 metres, and a
non JORC resource was declared in 2011, with core from the most recent
21 holes totaling 10,170 metres being held in a core shed.
•
Historical drilling suggests the presence of an economic copper-
molybdenum orebody, with significant value contributed by the
molybdenum, currently more than five times the price of copper. Minor
quantities of silver and gold have been recorded in most drill holes.
•
EVR’s plan is to move rapidly towards defining a shallow resource on the
breccias whilst exploring a deeper, longer-term, porphyry copper target.
Our drilling will start in Q3, 2023 and focus on a sequence of priorities.
1. Twinning and replicating the shallow and unreported “Gubbins”
holes in the known high grade and outcropping breccias
2. Step out drilling on the breccias already drilled, and a number of
similar outcropping structures yet to be drilled
3. Resource Drilling to enable a PFS to be commenced in 2024
4. Drilling the mineralised porphyry underlying the breccias to test the
potential for economic porphyry mineralisation
5
----- End of picture text -----

==> picture [241 x 29] intentionally omitted <==

==> picture [535 x 375] intentionally omitted <==

6

==> picture [241 x 29] intentionally omitted <==

• EVR will make a cash payment of US$150,000 to GeoAndina on signing the Definitive Agreement.

• An amount of US$50,000 per quarter is payable to GeoAndina until the mine achieves first

• GeoAndina Minerals will have a free carried interest to the point of Readiness to Mine (Bankable Feasibility Study including permitting*), at which point GeoAndina may elect to fund its 30% share of

• If GeoAndina elects not to fund its 30% shareholding, then it can convert its 30% holding to a nondilutive 12% carried interest in the project once a commercial production rate is reached, of 3000

The timing of the BFS and other development studies, along with the commitment of funds to . exploration and development of Parag are at the discretion of EV Resources

7

==> picture [241 x 29] intentionally omitted <==

Paylacocha II Paylacocha I La Bola La Mina Parag Oeste

Trinchera Este

Preciosa

8

9

==> picture [241 x 29] intentionally omitted <==

==> picture [758 x 414] intentionally omitted <==

==> picture [241 x 29] intentionally omitted <==

==> picture [244 x 150] intentionally omitted <==

==> picture [250 x 175] intentionally omitted <==

Hole VIE-01: 317m @ 2.01% CuEq from surface incl. 27.3m @ 4.72% CuEq

Hole VIE-03: 89.4m @ 3.90% CuEq from 6.5m incl. 57.2m @ 6.03% CuEq from 6.5m Hole VIE-04: 95.6m @ 2.04% CuEq from surface incl . 21.6m @ 3.41% CuEq

Hole VIE-10: 54m @ 0.73% CuEq from 328m

Hole VIE-18: 72m @ 2.26% CuEq from surface incl. 14m @ 4.28% CuEq from surface and 24m @ 3.52% CuEq from 34m

For a complete list of the drilling holes see EVR announcement “ EVR acquires high grade Parag project in Peru” dated 4[th] May 2023, CuEq values based on Cu = $3.88/lb Mo = $21.86/lb LME spot prices 30th April 2003. Mo/Cu = 5.63

55 holes drilled before 2008 can not be reported at this time, although we do have the drilling results. Holes will be twinned or replicated in Phase 1 drilling

10

==> picture [241 x 29] intentionally omitted <==

Drilling To Date Along The N70°E Section

==> picture [731 x 411] intentionally omitted <==

11

12

==> picture [241 x 29] intentionally omitted <==

==> picture [732 x 413] intentionally omitted <==

==> picture [241 x 29] intentionally omitted <==

At Parag, 3 Different Breccia Types Have Been Identified

• Mineralised breccias outcrop over an area of circa 1.7km by 1.5km in the southern corner of the Parag Licence.

• Three separate types of breccias have been identified.

• The most significant are tourmalinepyrite breccias, with a few identified as Phreatomagmatic Breccias and one structure as a Polymictic Bx

==> picture [534 x 332] intentionally omitted <==

13

==> picture [241 x 29] intentionally omitted <==

==> picture [302 x 254] intentionally omitted <==

• EVR believes that the presence of different types of breccias, mostly mineralised, show much activity in the Parag system. The more active a system is, the greater the possibility of having a more extensive

• Tourmaline breccias are often associated with the upper parts or domes/cupulas of porphyry-type systems, and the geometry will be defined in the programme ahead. The presence of Mo alongside Cu in the Parag breccias, the polymictic nature of the breccias and the presence of mineralised clasts with alteration and porphyritic textures, supports our theory of the mineralised porphyry system underlying the breccia zone. • In one of the several breccias, we see differences in clast shape, more angular clasts of sediments or metamorphic rocks and more rounded porphyritic clasts, which might indicate mobilisation from greater

14

==> picture [241 x 29] intentionally omitted <==

A Porphyry Drilling Target For The Future

==> picture [843 x 350] intentionally omitted <==

A rock geochemistry, and geophysics programme has defined a 900m x 400m drilling target for a porphyry-type deposit in the sector northeast of the breccia zone. This will be tested alongside the other porphyry target.

15

==> picture [241 x 29] intentionally omitted <==

==> picture [326 x 255] intentionally omitted <==

•

worlds largest producer, with 40% of the market supply.

Molybdenum is priced on the London Metals Exchange.

Declining grades at aging mines in the Americas come at a time of steadily growing demand. Usually, the grade of Molybdenum in copper orebodies is 0.01-0.025%, and Mo is separated to a concentrate in the flotation circuit.

Molybdenum has a very high melting point, which enables it to form strong, stable carbon compounds in alloys such as ultra-strong steel with resistance to corrosion and wear, used in missile and aircraft parts, nuclear reactor condenser tubes, engines, heating elements, drills and saw

Molybdenum is a critical mineral required for a range of low-carbon technologies, especially wind and geothermal.

“The greatest share of demand for molybdenum from electricity generation and energy storage technologies comes from wind (47.3 percent) and geothermal (41.7 percent), with all the other generation and energy storage technologies together accounting for only a small share (11 percent),” according to a World Bank report.

16

==> picture [241 x 29] intentionally omitted <==

==> picture [58 x 57] intentionally omitted <==

==> picture [294 x 381] intentionally omitted <==

==> picture [13 x 8] intentionally omitted <==

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

17
----- End of picture text -----

==> picture [241 x 29] intentionally omitted <==

==> picture [776 x 408] intentionally omitted <==

18

==> picture [241 x 29] intentionally omitted <==

==> picture [503 x 363] intentionally omitted <==

• parting of 90 meters.

• Each body has a length of 1.5 km and a width on surface of 5 to 20 meters.

• The vertical extent is 300 meters.

19

==> picture [241 x 29] intentionally omitted <==

• Channel sample results show elevated copper

• 28 of the 108 samples demonstrated copper values

• 17 of the samples recorded silver values greater than

• A Geophysics programme consisting of 28.8-line km

==> picture [416 x 373] intentionally omitted <==

20

==> picture [241 x 29] intentionally omitted <==

==> picture [438 x 376] intentionally omitted <==

intrusives, it is difficult to interpret the magnetic highs as particular lithologies or plutons at this stage.

A plausible explanation for the observed IP anomaly would be a volume of phyllic alteration with abundant pyrite, often found in the outer part of a porphyry copper system. In this scenario, the structure observed in the IP and magnetics data provides permeability for hydrothermal breccias and alteration fluids to reach shallow levels.

The geometry of the IP response suggests a steeply southwest-dipping structural control, consistent with the strike of the mapped breccias and faults on surface. The fault line shown in the slide below is inferred from a strong lineament in the first vertical derivative magnetics image – (Figure 1VD left)). It appears to bound the zone of high chargeability and may exert a structural control in the alteration / mineralisation

21

==> picture [241 x 29] intentionally omitted <==

==> picture [335 x 374] intentionally omitted <==

==> picture [543 x 374] intentionally omitted <==

22

==> picture [241 x 29] intentionally omitted <==

==> picture [343 x 337] intentionally omitted <==

==> picture [323 x 334] intentionally omitted <==

Body 1, near to the entrance of old adit. Silicified hydrothermal breccia with disseminated pyrite- chalcopyrite points is noted.

23

24

==> picture [241 x 29] intentionally omitted <==

==> picture [720 x 405] intentionally omitted <==

==> picture [241 x 29] intentionally omitted <==

==> picture [438 x 353] intentionally omitted <==

==> picture [445 x 354] intentionally omitted <==

25

==> picture [241 x 29] intentionally omitted <==

==> picture [78 x 48] intentionally omitted <==

==> picture [425 x 355] intentionally omitted <==

26

==> picture [241 x 29] intentionally omitted <==

==> picture [448 x 329] intentionally omitted <==

• Buckskin Mining District.

• Several outcrops of copper and a number of old copper mine workings have been documented on a mineralised trend over a

• Much of the underground developments were completed prior to 1910 and minimal reporting was required, although EVR has accessed some records of underground development and sampling.

• There are numerous existing access roads and only minor rehabilitation will be required to mobilise drilling operations

• The Golden Eagle target presents as a block of highly mineralised (iron-oxide/copper-oxide) Paleozoic carbonates and siliciclastic sediments that have been rotated to a sub- vertical orientation.

• More than 4km of structurally controlled quartz vein mineralisation has been identified along this trend.

27

==> picture [241 x 29] intentionally omitted <==

==> picture [423 x 323] intentionally omitted <==

==> picture [420 x 321] intentionally omitted <==

Blue Lines indicate the vertical controls on the GE Target. Multiple historic diggings can be seen along the ridge indicated by blue lines. Green lines indicate the flat-lying basalt flows.

28

==> picture [241 x 29] intentionally omitted <==

29

==> picture [241 x 29] intentionally omitted <==

==> picture [813 x 150] intentionally omitted <==

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

Shares On Funding
Cash Liquid Investments [1]
Issue Commitment [3]
A$25m
936m ~$1.5m (as at 31 March) A$2.745m
(Sapphire Global Energy Fund, LLC)
Market Cap Share Price Options [2]
----- End of picture text -----

30

==> picture [241 x 29] intentionally omitted <==

An Experienced Corporate Board

Luke Martino

Chairman

25+ years experience at partner & board level with Deloitte and currently Director of Indian Ocean Corporate, a boutique corporate & investment banking firm in Australia & Mainland China.

Lynette Suppiah

Non-Executive Director

Involved in the base metals and commodities trading industry for over 10 years.

Understands the whole spectrum of commodities trading including negotiating and hedging contracts and trading of the physical commodities.

Adrian Paul

CEO / Executive Director

30+ years experience in securities industry. Vast experience in the junior explorer market and, in particular the capitalisation of these businesses.

Louisa Martino

Company Secretary

Has provided company secretarial services for 10+ years to a number of listed entities. Previously worked for a corporate finance company, assisting with company compliance (ASIC and ASX) and capital raisings. Prior to that, worked for a major accounting firm in Perth, London and Sydney providing corporate advisory services and due diligence reviews.

Navin S. Sidhu

Executive Director

20+ years experience in equities and derivatives markets. Turnaround specialist and sophisticated investor, being involved in many commercial ventures on the ASX, such as capital raisings, convertible notes and underwriting.

31

==> picture [241 x 29] intentionally omitted <==

With Executive Management Based In Country

Hugh Callaghan

Chief Operating Officer

Latin American experience includes working in the Senior Executive team at Escondida Copper Mine in Chile, and then as CEO of an ASX listed company, building a 3000tpd operating mine in Chile.

More recently, he built a silver zinc and lead mine in Mexico and generated several projects in Mexico held within TSX and private portfolios.

Gonzalo Lemuz

Head of Peru Exploration

Gonzalo is based in Lima and has more than 30 years’ experience in large and small companies leading exploration programs in Peru, Colombia, Bolivia and elsewhere. Gonzalo has extensive experience in Generating and managing projects through discovery and resource definition.

Dr Steve Windle

Advisor: Geology

Steve has nearly 40 years of experience in exploration for large and small companies in several locations around the world. Steve held senior roles based in Lima with the Tier One Antamina copper-zinc mine, and then working with Teck Resources on the Zafranal project in Peru.

Giorgio Albertini

General Director: Peru

Giorgio is a partner of Albertini Abogados, a law firm with offices in Lima and Barcelona Spain.

Giorgio has 30 years of experience advising multinational mining companies on investment and management of projects in Peru.

32