FireFly Metals Ltd. — Investor Presentation 2022

Jun 8, 2022

CANACCORD GLOBAL METALS & MINING CONFERENCE

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ADVANCING THE HIGH-GRADE PICKLE CROW PROJECT IN ONTARIO, CANADA

2.2 Moz of Gold at 7.8g/t and Growing Rapidly

RAY SHORROCKS - EXECUTIVE CHAIRMAN DARREN COOKE - CHIEF OPERATING OFFICER MIKE NAYLOR – NON-EXECUTIVE DIRECTOR

15 – 17 MAY 2022 | ASX: AUT

DISCLAIMER & CAUTIONARY STATEMENTS

DISCLAIMER

This presentation has been prepared by Auteco Minerals Limited (the Company) based on information from its own and third party sources and is not a disclosure document. No party other than the Company has authorised or caused the issue, lodgement, submission, dispatch or provision of this presentation, or takes any responsibility for, or makes or purports to make any statements, representations or undertakings in this presentation. Except for any liability that cannot be excluded by law, the Company and its related bodies corporate, directors, employees, servants, advisers and agents (Affiliates) disclaim and accept no responsibility or liability for any expenses, losses, damages or costs incurred by you relating in any way to this presentation including, without limitation, the information contained in or provided in connection with it, any errors or omissions from it however caused, lack of accuracy, completeness, currency or reliability or you or any other person placing any reliance on this presentation, its accuracy, completeness, currency or reliability. This presentation is not a prospectus, disclosure document or other offering document under Australian law or under any other law. It is provided for information purposes and is not an invitation nor offer of shares or recommendation for subscription, purchase or sale in any jurisdiction. This presentation does not purport to contain all the information that a prospective investor may require in connection with any potential investment in the Company. Each recipient must make its own independent assessment of the Company before acquiring any shares in the Company (Shares). The Company has made reference to historic drilling and exploration results from a variety of Exploration company's over the past 60 years that had previously explored the Project.

References to previous ASX announcements should be read in conjunction with this release. The Company confirms that it is not aware of any new information or data that materially affects the information included in this presentation.

FORWARD LOOKING INFORMATION

This document contains forward looking statements concerning the Company. Forward-looking statements are not statements of historical fact and actual events and results may differ materially from those described in the forwardlooking statements as a result of a variety of risks, uncertainties and other factors. Forward-looking statements are inherently subject to business, economic, competitive, political and social uncertainties and contingencies. Many factors could cause the Company’s actual results to differ materially from those expressed or implied in any forward-looking information provided by the Company, or on behalf of the Company. Such factors include, among other things, risks relating to additional funding requirements, metal prices, exploration, development and operating risks, competition, production risks, regulatory restrictions, including environmental regulation and liability and potential title disputes. Forward looking statements in this document are based on the Company’s beliefs, opinions and estimates of the Company as of the dates the forward-looking statements are made, and no obligation is assumed to update forward looking statements if these beliefs, opinions and estimates should change or to reflect other future developments. Although management believes that the assumptions made by the Company and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Forward-looking information involves known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any anticipated future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, the actual market price of commodities, the actual results of future exploration, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's publicly filed documents. Readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. No representation, warranty or undertaking, express or implied, is given or made by the Company that the occurrence of the events expressed or implied in any forward-looking statements in this presentation will actually occur.

NO NEW INFORMATION OR DATA

This Presentation contains references to Mineral Resource estimates, all of which have been extracted from the Company’s ASX announcement titled “Resource increases by 500,000oz to 2.23Moz at 7.8g/t” and dated 15 February 2022, All future references in this presentation that relate to the Mineral Resource Estimate should be read in conjunction with the aforementioned ASX release. The Company confirms that it is not aware of any new information or data that materially affects the information included in that ASX announcement and that all material assumptions and technical parameters underpinning the Mineral Resource Estimate (Inferred Resource – 8.9 Mt @ 7.8 g/t gold for 2.23M ounces of gold) in that announcement continue to apply and have not materially modified. A breakdown of the resource is set out in this Presentation.

This Presentation also contains references to Certain Exploration Results that were first reported in accordance with ASX Listing Rule 5.7 in the Company's announcements of 28/01/2020, 26/03/2020, 01/09/2020, 11/11/2020, 19/01/2021, 7/04/2021, 16/06/2021, 15/07/2021, 2/08/2021, 5/10/2021, 2/12/2021, 18/1/2022, and 3/5/2022. Auteco confirms that it is not aware of any new information or data that materially affects the information included in the original announcements. The Company confirms that the form and context in which the Competent Persons’ findings are presented have not been materially modified from the original market announcements.

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INTRODUCTION TO AuTECO MINERALS (ASX: AUT)

Canadian focused ASX-listed explorer with one of the highest grade +2Moz Resources GLOBALLY and an exceptional GROWTH trajectory

The Resource stands at 2.23Moz at 7.8g/t. Addition of 1.23Moz of Resource in just 16 months at a cost of A$17.58 per ounce

Rapid Low-Cost Growth

Tier 1 Location and an asset with a long history of high-grade production 1.5Moz @ 16.1gpt gold between 1935 & 1966

Asset & Location

Exceptional 500km[2] holding in the world-class Uchi Belt (Red Lake, Dixie) with camp-scale drill targets and exceptional discovery potential

Prospectivity

Inherited infrastructure provides a pathway to low capital start-up production (processing plant on site, underground)

Infrastructure

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CORPORATE OVERVIEW

A Canadian-focused ASX listed company with one of the highest grade +2 Moz Resources Globally

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CAPITAL STRUCTURE
ASX Code AUT Current Market Cash
Shares on issue 201B Share Price [1] Capitalisation [1] Position [2]
237M A$0.052 ~A$110M ~A$24.5M
Unlisted options & performance
rights
Top 20 Shareholders 63%
$0.20
SHAREHOLDER SUMMARY [1]
Board and Management 16%
$0.15
(on a fully diluted basis)
Australian & Global Institutions 39%
$0.10
Substantial Shareholders
•
1832 Asset Management 12.9%
$0.05
•
Franklin Resources, Inc. 6.2%
•
Campbell Kitchener Hume & Assoc. 5.5%
$-
•
Symorgh Investments 5.1%
4
1. Indicative as at market close on 30 May 2022.
Volume (Millions)
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1. Balance net of payables as of 31 March 2022

BOARD & MANAGEMENT TEAM

A leadership team with management DNA and experience in some of the most successful resource sector stories in the past decade, including Bellevue Gold and Northern Star

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• 27 years experience working in the investment banking industry, highly conversant and experienced in all areas of mergers and acquisitions and equity capital markets.

• Significant track record of transactions in the metals and mining sectors

• Previous Chairman of Bellevue Gold

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• Geologist with 25 years’ experience having previously held senior positions in global majors including Barrick Gold, Newmont and Northern Star Resources

• Extensive gold industry experience in Australia and North America spanning regional and near mine exploration, operational geology, long-term planning and corporate development

Ray Shorrocks – Executive Chairman

Darren Cooke – Chief Operating Officer

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• Experienced geologist with a proven track record of mineral discoveries, corporate growth, international investor relations and creating shareholder wealth

• Founder and former Managing Director of Gryphon Minerals

• Founder and Managing Director of Bellevue Gold

Steve Parsons – Non-Executive Director

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• 26 years' experience in corporate advisory and public company management since commencing his career and qualifying as a chartered accountant

• Involved in the financial management of mineral and resources focused public companies serving on the board and in the executive management teams.

• Non-Executive Director of Bellevue Gold

Michael Naylor – Non-Executive Director / Interim CFO & Company Secretary

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Central Patricia Headframe, Pickle Lake, May 2022

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PICKLE CROW ASSET OVERVIEW

PICKLE CROW IS AN ASSET WITH A LONG HISTORY OF PRODUCING HIGH-GRADE GOLD IN AN EXCEPTIONAL MINING JURIDSICTION

• Tier 1 Jurisdiction of Ontario, Canada

Asset Location

• ~400km North of Thunder Bay (pop. ~110,000)

• 500km[2] of tenure under management

Tenure & 500km of tenure under management • Ownership 70% equity, can move to 80% for C$3M

Historic • Mining Inferred Resource

• Past production of 1.5Moz @ 16.1 g/t

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• 8.9Mt @ 7.8g/t for 2.23Moz Gold

• Remains open

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PICKLE CROW ASSET OVERVIEW

THE HISTORIC PICKLE CROW MINE IN 3D (1.5Moz @ 16.1g/t)

HISTORIC MINE

• Mined between 1935 & 1966

• • 1.5Moz @ 16.1g/t gold

• 3 Main Shafts

• 40km of development

• Historically hand-held mining

• • Rail & cart haulage

DRILL DATA

• ~170km of surface drilling

• Selective sampling of quartz

Scale: Grid 500m x 500m x 500m

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AuTECO Historic Assays Drillholes >2g/t Au

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PICKLE CROW ASSET OVERVIEW

EXCELLENT INFRASTRUCTURE PROVIDES A GREAT FOUNDATION TO BUILD A MINE

• A 310 tonne per day (110kt p.a.) processing plant is

• Infrastructure present on site

Surface

• Built in 2004 and never commissioned

UG Infrastructure

• 3 main shafts (#1, #3, Albany)

• >40km development (1935 – 1966)

• Last accessed in the 1980’s

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• Hydro power project runs

• Hydro through the property •

• Power

• Ample clean energy for future projects

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PROCESSING INFRASTRUCTURE

In good condition and upgradable

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Photographs taken in September 2021

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PICKLE CROW GEOLOGICAL SETTING

World-class setting in the prolific Superior Craton

CONTINENT TECTONIC ELEMENT PROVINCE Laurentia North Superior America Craton

Uchi Subprovince

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REGION
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DEPOSIT Pickle Lake Pickle Crow Greenstone & Central Belt Patricia

BASEMENT GEOLOGY OF THE WESTERN SUPERIOR CRATION[3]

THE UCHI SUBPROVINCE

One of the best gold addresses globally

• Located in the prolific Uchi Sub province of the Western Superior Craton

• Archean Granite – Greenstone terrane that hosts significant gold deposits, including:

• Red Lake (Evolution Mining)

• Musselwhite (Newmont)

• Springpole (First Mining)

• Madsen (Pure Gold)

• Dixie (Great Bear)

• West Red Lake (West Red Lake Gold)

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1. Source: Modified from Superior Craton Basement Geology 1:2M Scale, MERC Laurentian University, 2018

TWO DISTINCT STYLES OF MINERALISATION

Bulk and narrow mineralisation styles have the potential to provide future operational flexibility

• 2021 DRILL

• HIGHLIGHTS

• • 20.4m @ 5.3 g/t

• • 19.5m @ 3.3 g/t

• • 10.5m @ 3.6 g/t

• • 14.9m @ 2.2 g/t

• • 36.7m @ 1.5 g/t

• • 25.2m @ 1.3g/t

• • 6.0m @ 5.8g/t

• Overlooked in previous exploration activities

Overlooked in previous exploration activities ALTERATION • Broad zones of sulphide mineralisation (to +20m) (BIF) HOSTED • Typically hosted in BIF and lesser Porphyry • Amenable to Bulk Mining (Both Open pit & UG) Dec 2021 Resource • This type of mineralisation was mined at 2.5Mt @ 3.8g/t for o Musselwhite (Newmont, +5Moz), 150km from PC 300koz o Dona Lake (MEK, 0.5Moz), Central Patricia (0.67Moz)

• 2021 DRILL

• • Source of historic production at Pickle

• QUARTZ VEINS HIGHLIGHTS Crow ( 1.5Moz @ 16.1g/t ) • 7.3m @ 33.3 g/t

• • • High-grade narrow veins, coarse gold , 2.0m @ 68.3 g/t •

• low sulphide content 2.1m @ 31.8 g/t •

• • 3.3m @ 15.9 g/t

• Dec 2021 Resource Consistent veins with internal high-grade • 2.8m @ 17.9g/t

• 6.4Mt @ 9.3g/t for plunging shoots, multiple orientations • 4.1m @ 11.0 g/t

• 1,920koz • • Amenable to Selective Mining 1.8m @ 21.2 g/t

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RAPID & LOW-COST RESOURCE GROWTH

A sustained history of creating shareholder value with smart investment in the drill bit

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RESOURCE ESTIMATE AT 31 DECEMBER 2021
2.5Moz 31 Dec 2021
2.23Moz
OPEN
2.0Moz 30 June 2021
1.71Moz
1.2 Million Ounces of Resource Added 1.5Moz
In just 16 Months 1 Sept 2020
For A$17.58 (US$12.59) per ounce 1.0Moz
1.0Moz
5,000m 10 Months 6 Months
0.83Moz
45,000m of Drilling 30,000m
4 Diamond Rigs 5 Diamond Rigs
0.5Moz
Jun Sept Dec Mar Jun Sept Dec
2020 2020 2020 2021 2021 2021 2021
12
+ 514,000 ounces
+ 711,000 ounces
Inferred Resource (JORC 2012)
Maiden JORC
+ 170,000 ounces
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GLOBALLY SIGNIFICANT RESOURCE GRADE

GRADE DISTRIBUTION OF TIER 1 +2Moz RESOURCES (Exclusive of Reserve)[4]

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14.0
•
12.0 PICKLE CROW There are 139 Resources (exc. RSV) that are +2Moz in Can, US & Aust
Global Resource
10.0 •
Only 18 of these have grades >4g/t gold
7.8g/t
8.0
•
6.0 Pickle Crow Resource is in the Top 10
4.0
2.0
QV BIF
0.0
Resource (exc. Reserve)
Top 20 Project Grade Ounces Reporting Code
16.0 Charters Towers 13.39 14,065,382 JORC (2012)
Top 20 Deposits by Grade Island 12.92 3,740,000 NI 43-101
14.0 Resources Exc. Reserve >2Moz Bellevue 9.90 2,110,000 JORC (2012)
Pogo 9.80 5,282,000 JORC (2012)
12.0
CAN, USA, AUST Westwood 9.48 2,744,000 NI 43-101
10.0 Windfall Lake 9.40 6,789,000 NI 43-101
Lamaque 8.54 3,397,598 NI 43-101
8.0 Pickle Crow 7.80 2,230,000 JORC (2012)
Red Lake 6.76 8,807,000 JORC (2012)
6.0 Back River 6.09 5,589,000 NI 43-101
4.0 Fosterville 5.40 3,571,000 NI 43-101
Granny Smith 5.05 5,817,000 JORC (2012)
2.0 Meliadine 4.75 4,540,000 NI 43-101
Agnew/Lawlers 4.61 2,348,000 JORC (2012)
0.0 Holt 4.50 3,009,000 NI 43-101
Hope Bay 4.32 2,645,000 NI 43-101
Cariboo 4.30 5,921,000 NI 43-101
Black Fox 4.17 2,369,000 NI 43-101
Mount Monger 3.99 2,913,000 JORC (2012)
Rackla 3.93 2,160,500 NI 43-101
14.1Moz
3.7Moz
2.1Moz 5.3Moz
2.7Moz 6.8Moz
3.4Moz
2.2Moz
8.8Moz
5.6Moz
3.6Moz
5.8Moz 4.5Moz 2.3Moz 3Moz 2.6Moz 5.9Moz 2.4Moz 2.9Moz 2.2Moz
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Please refer to Appendix 1 for detailed information on Comparisons

13

1. Source: S&P Global Capital IQ Dataset downloaded on the 27[th] of May 2022. Please see Appendix 1 for further details

AuTECO ORGANIC GROWTH STRATEGY

A dual strategic focus to unlock the full potential of the Pickle Lake Greenstone Belt

AuTECO ORGANIC GROWTH STRATEGIC PILLARS

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REGIONAL DISCOVERY

Discover and develop deposits on the 500km[2] of regional exploration tenure outside of Pickle Crow, Unlock the camp-scale potential of the Pickle Lake greenstone belt

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NEAR-MINE GROWTH

Discover and define mineralisation proximal to the historic Pickle Crow deposit, continue to grow the 2.2Moz Resource and advance toward production

TARGET DRILL TEST GENERATION TEST CONTINUITY Collect early-stage Test conceptual If mineralisation is data to generate targets with drilling, present, test conceptual targets update geo models continuity and potential to define Inferred Resource

DISCOVER & RESOURCE PATH TO DEFINE GROWTH PRODUCTION Discover new Infill drill and Conduct planning mineralisation and continue to grow the and permitting identify extensions Resource, define size activities to advance around Pickle Crow of the prize towards production

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NEAR-MINE GROWTH

Exceptional progress pointing to a significant Resource increase

RECENT DRILLING CONTINUED WITH THE NEAR-MINE RESOURCE GROWTH STRATEGY

• 2 discoveries in 2021 (Tyson, Carey) set the platform for 2022

• Recent exceptional results outside of the current 2.23Moz Resource point to continued growth. Results[5] included:

• 7.8m @ 17.0g/t gold (Tyson)

• 1.6m @ 73.2g/t gold (Shaft 3)

• 1.2m @ 37.5g/t gold (Tyson)

• 0.3m @ 134.0g/t gold (Tyson)

• 19.5m @ 3.3g/t gold (BIF)

• The Resource remains open

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Map from ASX release dated 3 May 2022

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1. See ASX announcement dated 3 May 2022 titled ‘Exceptional gold hits in near mine and regional drilling’

NEAR-MINE GROWTH

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Tyson Vein System

• The Tyson veins are a series of north-west dipping quartz veins discovered in 2021

• The vein set has now been drilled to a 160m x 80m pattern, and demonstrates continuity of mineralisation on a broad scale

• Recent results[6] included:

• 7.8m @ 16.7g/t gold

• • 1.2m @ 37.5g/t gold

• 0.3m @ 134.0g/t gold

• • 1.3m @ 11.7g/t gold

• 5.6m @ 5.0g/t gold

• • 2.5m @ 6.7g/t gold

• 8.1m @ 3.3g/t gold

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1. See ASX announcement dated 3 May 2022 titled ‘Exceptional gold hits in near mine and regional drilling’

NEAR-MINE GROWTH

Long-term strategy for Resource development

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DEFINE THE SCALE OF THE SYSTEM

Continue expanding the 2.23Moz Inferred Resource and define the system extents in order to ‘right size’ potential future infrastructure. The Resource remains open

0-24 MONTH TIMEFRAME

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Resource Focus
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Ore Type
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In-Mine Near Mine Quartz Vein
Exploration Extension •
High Grade
•
Selective Mining
•
UG Mining Potential
Dec 2021: 1.9Moz @ 9.3 g/t
Explore for new Continue to step out Alteration (BIF)
structures and and test extensions • Medium Grade
mineralisation of known structures •
Bulk Mining
proximal to the and high-grade ore •
OP & UG Potential
existing Resource shoots
area
Dec 2021: 0.3Moz @ 3.8 g/t
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UG EXPLORATION & CONVERSION

Conversion of the 1.9Moz @ 9.3g/t vein Inferred Resource to the Indicated category is most effectively completed from Underground due to data density requirements

12-36 MONTH TIMEFRAME

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Underground Access Options
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Rehab Historic Starter Pit & Exploration
Shaft #3 Decline Decline
Source a new Mine a starter open Commence a box cut
headframe, de-water pit, scaled start up of and UG exploration
the workings and mill to generate decline from surface,
rehabilitate the shaft cashflow, mine a positioned in such a
to the 750 Level decline ramp off the way that it could be
(228m below base of the pit to used for potential
surface) and utilize commence UG exp & extraction in the
as a drill platform conversion future
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Conceptual Trade Off Studies to Commence in 2022
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NEAR-MINE GROWTH

STARTER PIT CONCEPT TO RE-ESTABLISH UG ACCESS

ACCESSING UNDERGROUND TO DEFINE & DISCOVER

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REGIONAL EARLY-STAGE EXPLORATION

Exceptional growth potential beyond the Pickle Crow deposit

TARP LAKE

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4.6m @ 7.2g/t Au from 76.9m
36.0m @ 1.5g/t Au from 158m
100% AUT
KAWINOGANS
23.5m @ 1.4g/t Au from 196m
METCALF
1.8m @ 66.9g/t Au from 164m
1.8m @ 28.5g/t Au from 114.3m
MCARTHUR
14.3m @ 1.5g/t Au from 30.5m
EAST PAT
35.7m @ 2.2g/t Au from 21.5m
6.0m @ 7.7g/t Au from 232m
All Historic
Production & AUT
2.2Moz Resource
SW POWDERHOUSE SPRINGER
AUT to 80%
6.1m @ 7.3g/t Au from 86.6m 1.7m @ 36.6g/t Au from 15.1m
3.0m @ 11.1g/t Au from 119.6m
F VEIN
4.6m @ 9.3g/t Au from 27.1m
Map from ASX release dated 3 May 2022
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ONLY A FRACTION OF THE CAMP-SCALE POTENTIAL HAS BEEN ADEQUATELY TESTED

EARLY-STAGE HIGHLIGHTS

• Mapping & sampling over summer, with rock chips up to 145g/t at the Springer prospect

• Highly successful drone magnetic data acquisition for targeting

• Initial drill testing of regional targets commenced with exceptional results for early-stage targets

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REGIONAL EARLY-STAGE EXPLORATION

Investing in generative geophysics is yielding results

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ONTARIO GEOLOGICAL SURVEY
STATEWIDE MAGNETICS
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PC GOLD AEROMAGNETICS
(2010)
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AuTECO DRONE MAGNETICS
(2021)
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• Lease wide aeromagnetic data acquisition planned for June 2022

• Trial of real-time Ambient Noise Tomography (ANT) planned for late 2022

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REGIONAL EARLY-STAGE EXPLORATION

Drill testing results[7]

• Cohen – MacArthur Zone o 2.1m @ 92.0g/t

• o 0.7m @ 26.2g/t

• o 0.8m @ 11.3g/t

• Swamp Zone o 3.5m @ 7.6g/t

• North-East Powderhouse o 4.9m @ 3.6g/t

• Talia Zone

• 4.0m @ 3.1g/t

• Crowshore

• 1.3m @ 5.6g/t

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1. See ASX announcement dated 3 May 2022 titled ‘Exceptional gold hits in near mine and regional drilling’

FORWARD WORK PLAN FOR 2022

Drilling Focus

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18 Jan 2022 15 Feb 2022 3 May 2022 Key ASX Updates
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Jun 2021 – Mar 2022
New 50,000m Program Commenced
50,000m Completed
REGIONAL EXPLORATION REGIONAL EXPLORATION
NEAR MINE EXTENSIONS & EXP
RES DEF
DEC 31 2021 DEC 31 2022
UPDATE UPDATE
• Update the Resource estimate as at 31 December 2021 - 2.23Moz @ 7.8g/t, Delivered 500,000oz increase in 6 months
• Complete June 2021 – March 2022 50,000m diamond drill program - Completed on time & on budget
•
2022 Complete an additional 50,000m drill program - Commenced, in progress
KEY OBJECTIVES • Test early stage targets outside of the mine area, discover new orebody >2km from the Resource - in progress
• Discover new lodes and extend known vein lodes in the mine area - in progress
• Infill drill newly discovered / extended lodes - in progress, e.g., Tyson
• Deliver Resource update as at 31 December 2022
22
2022
2023
DRILLING
RE S OURCE
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FORWARD WORK PLAN

Continuing to advance and grow Pickle Crow at all levels

Extend and increase Resource the Resource with Growth emphasis on both open pit and underground growth potential

Continue the dual strategy of Near Mine Resource growth and Regional Discovery focused exploration

Exploration & Drilling

Complete works and long lead time items that advance the project towards production in anticipation of success

Pathway to Production

KEY OBJECTIVES (Jan-July 2022)

• Continue to grow the Inferred Resource

• Identify areas for conversion to Indicated

• Re-model the orebody at a 0.5g/t COG to assess bulk mining potential (OP & UG)

• Complete the 50,000m drill campaign

• Continue with BIF exploration to define size

• • Continue vein exploration

• Test >5 regional targets outside of mine area

• Continue permitting to Advanced Exp

• Option study to access UG for infill drilling

• Conduct optimisations to assess pit potential

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AuTECO – A COMPELLING INVESTMENT OPPORTUNITY

In Summary

AuTECO has built a strong platform for future growth, having advanced the historic Pickle Crow gold project to be one of the highest-grade emerging +2Moz Resources Globally

Work will continue to explore, define and grow the asset

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LOCATION
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THE ASSET UPSIDE
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CORPORATE & TEAM
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One of the best mining addresses in the world

A long history of delivering high-grade gold

Exceptional exploration targets and strong drill results to date

Well funded to deliver with a quality experienced team

• Operating in a stable Tier 1 mining jurisdiction (Ontario, Canada)

• Located in a prolific mineral belt with >40Moz gold endowment (Superior Craton, Uchi Sub-province)

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• Pickle Crow has a long history of high-grade gold mining, 1.5Moz @ 16.1g/t produced (1935-66)

• Independently estimated Resource of 2.23Moz at 7.8g/t Au

• Year-round access with quality Infrastructure and a large regional land holding

• Limited modern systematic campscale exploration conducted by previous owners

• Promising near mine drill results to date, demonstrating extensions to known structures and discovery of mineralised vein arrays

• Historical data highlights regional

• potential, with km-scale mineralised trends - limited testing

• Healthy cash balance to deliver growth ($10.5M at 31 Dec 2021)

• 50km drill program in progress, 4 rigs on site

• Corporate & management team with experience, expertise and a track record of delivery

• Experienced, talented and established team on the ground in Canada

24

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Ground Floor, 24 Outram Street, West Perth WA 6005 | T: +61 8 9220 9030

E: info@autecominerals.com W: www.autecominerals.com

Appendix 1 – Details of Peer Comparison

PROJECT	LOCATION	OWNER	DEV. STAGE	YEAR REPORTED	MINE TYPE	RESOURCE(Exclusive of Ore Reserves)1,2,3	RESOURCE(Exclusive of Ore Reserves)1,2,3	RESOURCE(Exclusive of Ore Reserves)1,2,3	RESOURCE(Exclusive of Ore Reserves)1,2,3	RESOURCE(Exclusive of Ore Reserves)1,2,3	RESOURCE(Exclusive of Ore Reserves)1,2,3	REPORTING CODE	SOURCE NOTE
						Measured & Indicated		Inferred		TOTAL
						Grade g/t	Ounces ‘000	Grade g/t	Ounces ‘000	Grade g/t	Ounces ‘000
Charters Towers	AUS - QLD	Citigold Corp. Ltd.	Care & Maint.	2022	UG, OP	7.50	153,380	13.50	13,912	13.39	14,065	JORC (2012)	4
Island	CAN - ON	Alamos Gold Inc.	Expansion	2022	UG, OP	8.12	286,000	13.59	3,454	12.92	3,740	NI 43-101	5
Bellevue	AUS - WA	Bellevue Gold Ltd.	Construction	2022	UG	11.70	610,000	8.80	1,500	9.90	2,110	JORC (2012)	6
Pogo	USA - AK	Northern Star Resources Ltd.	Operating	2021	UG	10.34	2,331,000	9.10	2,951	9.80	5,282	JORC (2012)	7
Westwood	CAN - QC	Iamgold Corp.	Operating	2022	UG, OP	10.10	980,000	9.20	1,764	9.48	2,744	NI 43-101	8
Windfall Lake	CAN - QC	Osisko Mining Inc.	Prefeas / Scoping	2022	UG, OP	10.50	3,204,000	8.60	3,585	9.40	6,789	NI 43-101	9
Lamaque	CAN - QC	Eldorado Gold Corp.	Operating	2022	UG	12.40	699,898	7.90	2,698	8.54	3,398	NI 43-101	10
Pickle Crow	CAN - ON	Auteco Minerals Ltd.	Reserves Development	2022	UG, OP	-	-	7.80	2,230	7.80	2,230	NI 43-101	11
Red Lake	CAN - ON	Evolution Mining Ltd.	Operating	2022	UG	7.23	4,372,000	6.34	4,435	6.76	8,807	JORC (2012)	12
Back River	CAN - NU	Sabina Gold & Silver Corp.	Construction	2022	UG, OP	5.76	2,733,000	6.44	2,856	6.09	5,589	NI 43-101	13
Fosterville	AUS - VIC	Agnico Eagle Mines Ltd.	Operating	2022	UG	5.14	1,867,000	5.71	1,704	5.40	3,571	NI 43-101	14
Granny Smith	AUS - WA	Gold Fields Ltd.	Operating	2021	UG, OP	5.09	4,060,000	4.96	1,757	5.05	5,817	JORC (2012)	15
Meliadine	CAN - NU	Agnico Eagle Mines Ltd.	Expansion	2022	OP, UG	3.88	2,247,000	6.09	2,293	4.75	4,540	NI 43-101	16
Agnew/Lawlers	AUS - WA	Gold Fields Ltd.	Operating	2021	UG, OP	4.69	1,236,000	4.53	1,112	4.61	2,348	JORC (2012)	17
Holt	CAN - ON	Agnico Eagle Mines Ltd.	Operating	2022	UG	4.52	1,699,000	4.48	1,310	4.50	3,009	NI 43-101	18

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26

Appendix 1 – Details of Peer Comparison Continued

PROJECT	LOCATION	OWNER	DEV. STAGE	YEAR REPORTED	MINE TYPE	RESOURCE(Exclusive of Ore Reserves) 1,2,3	RESOURCE(Exclusive of Ore Reserves) 1,2,3	RESOURCE(Exclusive of Ore Reserves) 1,2,3	RESOURCE(Exclusive of Ore Reserves) 1,2,3	RESOURCE(Exclusive of Ore Reserves) 1,2,3	RESOURCE(Exclusive of Ore Reserves) 1,2,3	REPORTING CODE	SOURCE NOTE
						Measured & Indicated		Inferred		TOTAL
						Grade g/t	Ounces ‘000	Grade g/t	Ounces ‘000	Grade g/t	Ounces ‘000
Hope Bay	CAN - NU	Agnico Eagle Mines Ltd.	Operating	2022	UG, OP	3.43	967,000	5.09	1,678	4.32	2,645	NI 43-101	19
Cariboo	CAN - BC	Osisko Dev. Corp.	Operating	2022	OP, UG	4.60	3,200,000	3.90	2,721	4.30	5,921	NI 43-101	20
Black Fox	CAN - ON	McEwen Mining Inc.	Operating	2022	UG, OP	4.25	1,874,000	3.89	495	4.17	2,369	NI 43-101	21
Mount Monger	AUS - WA	Silver Lake Resources Ltd.	Operating	2021	UG, OP	3.74	1,613,000	4.43	1,300	3.99	2,913	JORC (2012)	22
Rackla	CAN - YT	ATAC Resources Ltd.	Prefeas / Scoping	2022	OP, UG	3.19	464,000	4.20	1,697	3.93	2,160	NI 43-101	21

Source Notes

1 Source: S&P Global Capital IQ Dataset, downloaded on the 27th of May 2022. https://www.capitaliq.spglobal.com/

• 2 Resources are reported in the graphs exclusive of ore reserves.

3 Please note that some of these Resources have not been prepared in accordance with the JORC Code (2012 Edition) and are Foreign Estimates prepared in accordance with the Canadian National Instrument 43-101

4 Charters Towers data used by S&P sourced from https://www.citigold.com/wp-content/uploads/Announcements/2020/Mineral%20Resources%20and%20Ore%20Reserves%202020.pdf

5 Island gold data can be found in the corporate presentation at https://s24.q4cdn.com/779615370/files/doc_presentations/2022/Alamos-Gold-Corporate-Presentation-April-28-2022-FINAL.pdf

6 Bellevue gold data sourced from https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02517827-6A1090303?access_token=83ff96335c2d45a094df02a206a39ff4. Please note original data was reported as inclusive of reserve

7 Pogo data sourced by S&P from Resource statement on 3 May 2021 https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02370818-

6A1031544?access_token=83ff96335c2d45a094df02a206a39ff4. Please note that Resources were originally reported inclusive of reserves

8 Westwood data used by S&P can be found at https://s2.q4cdn.com/610165863/files/doc_presentations/2022/06/IAG-Corporate-Presentation-June-22.pdf. Please resource was originally reported inclusive of reserves

9 Windfall Lake resource data can be found the corporate presentation at https://www.osiskomining.com/wp-content/uploads/Osisko-Corporate-Presentation-March-2022-1.pdf

10 Lamaque resource data can be found in the technical report at https://s2.q4cdn.com/536453762/files/doc_downloads/2022/LMQ_TR_2022-03-31_Final.pdf

11 Pickle Crow resource data can be found in the ASX release dated 15 February 2022 at https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-024866682A1356608?access_token=83ff96335c2d45a094df02a206a39ff4

12 Red Lake resource data used by S&P was sourced from https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02487180-

2A1356855?access_token=83ff96335c2d45a094df02a206a39ff4 . Please note original data was reported as Inclusive of Reserve

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27

Appendix 1 – Details of Peer Comparison Continued

Source Notes Continued

13 Back River resource data used by S&P can be found the corporate presentation at https://www.sabinagoldsilver.com/assets/docs/presentations/Corporate_Presentation-May_2022.pdf . Please note that resources were originally reported inclusive of reserves

14 Fosterville resource data used by S&P can be found corporate presentation at https://s21.q4cdn.com/374334112/files/doc_presentations/2022/AEM-Corporate-Update_May-2022.pdf

15 Granny Smith resource data used by S&P can be found the resource update at https://www.goldfields.com/pdf/investors/integrated-annual-reports/2021/mrmr-2021.pdf

16 Meliadine resource data used by S&P can be found in the corporate presentation at https://s21.q4cdn.com/374334112/files/doc_presentations/2022/AEM-Corporate-Update_May-2022.pdf

17 Lawlers/Agnew resource data used by S&P can be found in the resource update at https://www.goldfields.com/pdf/investors/integrated-annual-reports/2021/mrmr-2021.pdf

18 Holt resource data used by S&P can be found in the corporate presentation at https://s21.q4cdn.com/374334112/files/doc_presentations/2022/AEM-Corporate-Update_May-2022.pdf

19 Hope Bay resource data used by S&P can be found in corporate presentation at https://s21.q4cdn.com/374334112/files/doc_presentations/2022/AEM-Corporate-Update_May-2022.pdf 20 Cariboo resource data used by S&P can be found at https://osiskodev.com/cariboo-gold-project/

21 Black Fox resource data used by S&P can be found in the corporate presentation https://s21.q4cdn.com/390685383/files/doc_presentations/mcewen_presentation.pdf . Please note that resources were originally reported inclusive of reserves

22 Mount Monger resource data used by S&P can be found in https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02496973-

6A1080856?access_token=83ff96335c2d45a094df02a206a39ff4 . Please note that resources were originally reported inclusive of reserves

23 Rackla resource data used by S&P can be found in corporate presentation at https://atacresources.com/site/assets/files/5345/atac_corporate_ppt_may_2022.pdf

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28

APPENDIX 2 – PICKLE CROW ACQUISITION & EARN-IN STRUCTURE Earn up to 80% - First Mining Gold Inc.

EARN-IN DETAILS[A2-1]

• COMMENCEMENT (0%): STAGE 1 EARN-IN (51%): STAGE 2 EARN-IN

• Auteco paid C$50,000 to First Mining (TSX: • Spending C$5,000,000 (UP TO 70%): over three years •

• FF) on signing binding Auteco to spend a BUY IN term sheet. Upon comprising: further C$5,000,000 (TO 80%):

• signing the formal • C$750,000 within a 12in 2 years after agreement: month period satisfaction of Stage • Auteco may buy a (Expenditure Payment 1); 1 Earn-in further 10% interest

• • A further C$50,000; (Expenditure by paying •

• and C$4,250,000 within a 24Payment 3); and C$3,000,000 to First month period after Mining; and

• • • 25,000,000 Shares Expenditure Payment 1 is Cash payment of in the capital of satisfied; and C$1,000,000 in 90 • Auteco will grant Auteco (issued 23April 2020)[rd] • Subject to shareholder days of completing expenditure Payment First Mining a 2% NSR granted after approval, Auteco will 3 (Expenditure the Stage 2 Earn-In. issue First Mining Payment 4). Auteco has the right 100,000,000 Shares. to purchase back 1% of the NSR for US$2,500,000.

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29

A2-1. Refer ASX release on 28 January 2020 https://www.asx.com.au/asxpdf/20200128/pdf/44djz58bhz86z0.pdf

APPENDIX 3 - LOCAL GEOLOGY & STRUCTURAL ARCHITECTURE

Consistent styles with other deposits in the district

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APPENDIX 4 - DEPOSIT SCALE GEOLOGY

Exploring the prolific Northern Pickle Lake greenstone belt

CONTINENT TECTONIC ELEMENT PROVINCE Laurentia North Superior America Craton

Uchi Subprovince

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REGION
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DEPOSIT Pickle Lake Pickle Crow Greenstone & Central Belt Patricia

A CLASSIC ARCHEAN OROGENIC GOLD SYSTEM

• Deposit Structurally controlled Archean greenstone Classification hosted Mesothermal Orogenic Gold

• Lower mafic sequence (predominantly basalt) with interflow sediments, including BIF

Host Rocks

• Intermediate to Felsic volcanics and volcaniclastics intruded by qtz-feldspar porphyry

• Sediments, inc. Timiskaming-type conglomerates

• Multi-phased (D1-D4) isoclinally folded and faulted sequence with local disruptions adjacent to the plutons

Structure

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HISTORIC SURFACE GEOLOGY MAP[A4-1]

• Regional greenschist facies, locally Amphibolite

• Metamorphism proximal to intrusions

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A4-1. Source: Ferguson geology surface map of the Pickle Crow area