FireFly Metals Ltd. — Investor Presentation 2022

Mar 1, 2022

BMO GLOBAL MINING & METALS CONFERENCE

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

RAY SHORROCKS - EXECUTIVE CHAIRMAN

DARREN COOKE - CHIEF OPERATING OFFICER

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

28 FEB – 2 MARCH 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.

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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 2B Share Price [1] Capitalisation [1] Position [2]
366M A$0.08 ~A$160M ~A$27M
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 37%
Substantial Shareholders $0.10
•
1832 Asset Management 13.1%
•
Campbell Kitchener Hume & Assoc. 5.8% $0.05
•
Franklin Resources, Inc. 5.0%
$-
1. Indicative as at market close on 22 February 2022 and includes shares from the recent placement see ASX 21 February 2022.
Volume (Millions)
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1. Indicative as at market close on 22 February 2022 and includes shares from the recent placement see ASX 21 February 2022. 2. Unaudited balance net of payables as of 31 December 2021, plus placement completed on 28 February 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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• 15 years' of experience in the resources sector, operating in Australia, Canada, Europe and Africa

• Corporate and financial management with a number of ASX listed companies active in a range of commodities, precious and base metals and industrial minerals sector, together with Directorships and Company Secretarial of unlisted entities

Nick Katris – Chief Financial Officer and Company Secretary

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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.

• Executive Director of Bellevue Gold

Michael Naylor – Non-Executive Director

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CANADA & ONTARIO – THE INVESTMENT CASE

A true tier 1 mining location in every definition of the term

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ONTARIO IS HOME TO MAJOR GLOBAL GOLD PRODUCERS
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JURISDICTION

Including Barrick, Newmont, Agnico-Eagle, Kirkland Lake, Evolution

• Canada is one of the best mining locations globally

Fraser Institute Survey of Mining Companies 20203 Regional Median Overall Investment Attractiveness

• Ontario consistently ranks in the top 20 states & provinces globally in the Fraser Institute Investment Attractiveness Index

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90
80
70
60
50
40
30
20
10
0
Oceania Africa Latin Argentina Europe United Canada Australia
America States
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• Strong taxation incentives to explore (e.g., Flow Through)

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PROSPECTIVITY

• Canada is home to some of the biggest current and historical gold deposits globally

• Ontario hosts world-class deposits, and the Archean rocks of Ontario are relatively under-explored and are yielding new discoveries

$

RELATIVE VALUATIONS

• Projects in Canada are undervalued relative to similar properties in Australia

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1. Source: Fraser Institute Annual Survey of Mining Companies 2020, www.fraserinstitute.com

PICKLE CROW ASSET OVERVIEW

Exceptional location in a Tier 1 mining jurisdiction, Pickle Crow is an asset with a long history of producing high grade gold

• Tier 1 Jurisdiction of Ontario, Canada

Asset Location

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

• 500km[2] of tenure under management

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

• Past production of 1.5Moz @ 16.1 g/t

Mining

• Hand-held mining, 3 shafts, >40km development (1935 – 1966)

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Inferred Resource

• 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

8

PICKLE CROW ASSET OVERVIEW

Excellent surface infrastructure and low capex startup options provide a great foundation to build a mine

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PROCESSING PLANT
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• A 310 tonne per day (110kt p.a.) processing plant is present on site

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•
Built in 2004 and never
commissioned , it consists
of crushing circuit, ball mill
and knelson concentrators
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Photographs taken in September 2021
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HYDRO POWER GREEN ENERGY
•
The First-Nation owned
Wataynikaneyap hydro
power project line runs
through the Pickle Crow
property
•
Ample clean energy is
available for future
projects
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1. Results of a study completed by Ausenco for AuTECO Minerals in November 2021. The cost estimates are indicative and for scenario planning purposes only. Further work is required as the project progresses to a formal scoping study.

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[5]

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
1.5Moz
1 Sept 2020
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
1.2 Million Ounces of Resource Added
In just 16 Months
For A$17.58 (US$12.59) per ounce
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)[6]

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16.0
•
14.0 There are 130 Resources (exc. RSV) that are +2Moz in Can, US & Aust
PICKLE CROW
12.0
10.0 Global Resource • Only 18 of these have grades >4g/t
7.8g/t
8.0
•
Pickle Crow is in the Top 10
6.0
4.0
2.0
QV BIF
0.0
Top 20
Resource Exclusive of Reserves
Deposit Reporting Code
Top 20 Deposits by Grade Grade (g/t) Ounces
14.0 Resources Exc. Reserve >2Moz Island 13.75 3,374,000 NI 43-101
Charters Towers 13.39 14,065,382 JORC
12.0 CAN, USA, AUST Pogo 9.80 5,282,000 JORC (2012 Edition)
Windfall Lake 9.40 6,789,000 NI 43-101
10.0 Westwood 8.50 2,807,000 NI 43-101
Lamaque 8.01 3,612,000 NI 43-101
8.0 PICKLE CROW 7.80 2,230,000 JORC (2012 Edition)
Hope Bay 7.50 3,755,000 NI 43-101
6.0 Red Lake 7.30 8,124,000 JORC (2012 Edition)
Back River 6.09 5,589,000 NI 43-101
4.0 Fosterville 5.88 3,466,000 JORC (2012 Edition)
Granny Smith 5.55 5,769,000 JORC (2012 Edition)
2.0 Agnew/Lawlers 5.28 2,261,000 JORC (2012 Edition)
Holt 4.50 3,009,000 NI 43-101
0.0 Meliadine 4.43 4 426 000 NI 43-101
3.4MOz 14.1MOz
5.3MOz
6.8MOz
2.8MOz
3.6MOz 2.2MOz
3.8MOz 8.1MOz
5.6MOz 3.5MOz
5.8MOz
2.3MOz
3MOz 4.4MOz 2.3MOz 5.9MOz 3.6MOz
2.9MOz 3.8MOz
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• There are 130 Resources (exc. RSV) that are +2Moz in Can, US & Aust

Deposit	Resource Exclusive of Reserves	Resource Exclusive of Reserves	Reporting Code
	Grade(g/t)	Ounces
Island	13.75	3,374,000	NI 43-101
Charters Towers	13.39	14,065,382	JORC
Pogo	9.80	5,282,000	JORC(2012 Edition)
Windfall Lake	9.40	6,789,000	NI 43-101
Westwood	8.50	2,807,000	NI 43-101
Lamaque	8.01	3,612,000	NI 43-101
PICKLE CROW	7.80	2,230,000	JORC(2012 Edition)
Hope Bay	7.50	3,755,000	NI 43-101
Red Lake	7.30	8,124,000	JORC(2012 Edition)
Back River	6.09	5,589,000	NI 43-101
Fosterville	5.88	3,466,000	JORC(2012 Edition)
GrannySmith	5.55	5,769,000	JORC(2012 Edition)
Agnew/Lawlers	5.28	2,261,000	JORC(2012 Edition)
Holt	4.50	3,009,000	NI 43-101
Meliadine	4.43	4,426,000	NI 43-101
St Ives	4.41	2,299,000	JORC(2012 Edition)
Cariboo	4.30	5,921,000	NI 43-101
Southern Cross	4.30	3,610,000	JORC(2012 Edition)
Mount Monger	3.99	2,913,000	JORC(2012 Edition)
Norseman	3.96	3,822,000	JORC(2012 Edition)

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13

1. Source: S&P Global Dataset Resources reported exclusive of ore reserves. 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

RESOURCE NEXT STEPS

Long-term strategy for Resource growth

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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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RESOURCE NEXT STEPS

THE STARTER PIT CONCEPT TO RE-ESTABLISH UG ACCESS

ACCESSING UNDERGROUND TO DEFINE & DISCOVER

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EXPLORATION & GROWTH

Exceptional progress across all areas of the project pipeline in 2021, setting the platform for 2022

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GENERATIVE

• Mapping and reconnaissance rock chip sampling conducted South of the Resource area

• Ground magnetic survey continue

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DISCOVERY

• First-pass drill testing of conceptual targets in the northern near-mine area

• Additional testing at Tyson discovery

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RESOURCE GROWTH

• Continued step out and exploration in the near mine area

• Drilling to extend Inferred Resource

• Determine ‘size of the prize’

• Numerous outcropping veins traced and mapped at Springer prospect

• • Rock chip samples include: • 145.7 g/t gold

• • 6.2 g/t gold

• • 5.7 g/t gold

• • Ground magnetics identified multiple structural offsets and demagnetised zones

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• New Mineralised BIF Zones

• • Discovery of the Carey and now Tyson zones ,

• • Assays from Carey include: • 20.4m @ 5.3 g/t gold

• • 13.8m @ 2.0 g/t gold

• • 16.5m @ 2.2 g/t gold

• • 6.5m @ 4.6 g/t gold

• • Assays from Tyson include: • 2.8m @17.9 g/t gold

• • 1.0m @ 30.1 g/t gold

• • 5.5m @ 4.1 g/t gold

• RESOURCE UPDATE – 2.23Moz

• • Discovery of new structure

• • Extensions of known veins

• • The following results were received after the data cut-off for the current Resource and will contribute to future updates: • 7.3m @ 33.3 g/t gold

• • 1.5m @ 35.2 g/t gold

• • 4.0m @ 11.0 g/t gold

• • 6.0m @ 5.8 g/t gold

• • 25.2m @ 1.6 g/t gold

16

B

THE TYSON DISCOVERY

A new vein system that breaks the paradigm

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A

750’ Level Existing Workings-

AUDD0152: fr 483.2m 4.9m @ 7.5 g/t Au AUDD0178: fr 514.05m 4.85m @ 4.7 g/t Au AUDD0184: fr 455m 0.5m @ 88.7 g/t Au AUDD0152: fr 546m AUDD0173: fr 566.5m 1m @ 30.1 g/t Au 5.5m @ 4.1 g/t Au and 2.8m @ 17.9g/t Au AUDD0166-W1: fr 665.05m 1.05m @ 10.4 g/t Au AUDD0166-W1: fr 838.05m 6.45m @ 6.6 g/t Au AUDD0166: fr 836.4m 3.25m @ 8.0g/t Au 200m

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EXCEPTIONAL GROWTH POTENTIAL BEYOND THE RESOURCE

Only a fraction of the camp-scale potential has been adequately tested

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TARP LAKE 31 Dec 2021
2.5Moz
4.6m @ 7.2g/t Au from 76.9m 2.23Moz
36.0m @ 1.5g/t Au from 158m
100% AUT
KAWINOGANS
23.5m @ 1.4g/t Au from 196m 2.0Moz 30 June 2021
1.71Moz
METCALF
1.8m @ 66.9g/t Au from 164m
1.8m @ 28.5g/t Au from 114.3m
1.5Moz
MCARTHUR
1 Sept 2020
14.3m @ 1.5g/t Au from 30.5m
1.0Moz
EAST PAT 1.0Moz
35.7m @ 2.2g/t Au from 21.5m 5,000m 10 Months 6 Months
6.0m @ 7.7g/t Au from 232m 0.83Moz
45,000m of Drilling 30,000m
1.5Moz @ 16.1g/t (1935-1966) 4 Diamond Rigs 5 Diamond Rigs
& AuTECO Resource Growth 0.5Moz
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
Jun Sept Dec Mar Jun Sept Dec
4.6m @ 9.3g/t Au from 27.1m
2020 2020 2020 2021 2021 2021 2021
18
+ 514,000 ounces
Inferred Resource (JORC 2012)
+ 711,000 ounces
Maiden JORC
+ 170,000 ounces
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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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19

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

• 50km drill program in progress, 5 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

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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

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APPENDICIES
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• 1) Pickle Crow Earn-In Structure

• 2) Regional Geology & Structural Setting

• 3) Pickle Crow Deposit Scale Geology

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Pickle Crow Camp and Vein 5 Trench October 2021

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APPENDIX 1 – PICKLE CROW ACQUISITION & EARN-IN STRUCTURE Earn up to 80% - First Mining Gold Inc.

EARN-IN DETAILS[7]

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

APPENDIX 2 - LOCAL GEOLOGY & STRUCTURAL ARCHITECTURE

Consistent styles with other deposits in the district

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APPENDIX 3 - 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[8]

• Regional greenschist facies, locally Amphibolite

• Metamorphism proximal to intrusions

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