GATEWAY MINING LIMITED — Investor Presentation 2021

Aug 1, 2021

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Gidgee: uncovering a large-scale gold system in WA’s Northeastern Goldfields

Investor Update | August 2021 | Mark Cossom, Managing Director

1

Important Notice and Disclaimer

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Forward Looking Statements

• This presentation has been prepared by Gateway Mining Ltd (GML). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this document has been derived from third parties and through Gateway Mining has no reason to believe that it is not accurate, reliable or complete, it has not been independently audited or verified by GML.

• This presentation is in summary form and does not purport to be all inclusive or complete. Recipients should conduct their own investigations and perform their own analysis in order to satisfy themselves as to the accuracy and the completeness of the information, statements and opinions contained.

• This is for information purposes only. Neither this nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of GML shares in any jurisdiction. This does not constitute investment advice and has been prepared without taking into account the recipient’s investment objectives, financial circumstances or particular needs and the opinions and recommendations in this presentation are not intended to represent recommendations of particular investments to particular persons. Recipients should seek professional advice when deciding if an investment is appropriate. All securities transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments.

• To the fullest extent permitted by law, GML, its officers, employees, related bodies corporate, agents and advisors do not make any representations or warranty, express or implied, as to the currency, accuracy, reliability or completeness of any information, statements, opinions, estimated, forecasts or other representations contained in this presentation. No responsibility for any errors or omissions from this arising out of negligence or otherwise is accepted.

• Any forward looking statements included in this document involve subjective judgment and analysis and are subject to uncertainties, risks and contingencies, many of which are outside the control of, and may be unknown to, GML. In particular, they speak only as of the date of this document, they assume the success of GML’s strategies, and they are subject to significant regulatory business, competitive and economic uncertainties and risks. Actual events may vary materially from the forward-looking statements and the assumptions on which the forward-looking statements are based. Recipients of this document are cautioned to not place undue reliance on such forward-looking statements.

Competent Person Statement

• The information in this presentation that relates to Exploration Results and Mineral Resources has been extracted from various GML ASX announcements and are available to view on the GML website at www.gatewaymining.com.au or through the ASX website at www.asx.com.au (using ticker code “GML”)

• GML confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement. The company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.

Exploration Targets Cautionary Statement

• This presentation may comment on and discuss Gateway Mining Limited’s exploration in terms of target size and type. The information relating to Exploration Targets should not be misunderstood or misconstrued as an estimate of Mineral Resources or Ore Reserves. The potential quantity and quality of material discussed as Exploration Targets is conceptual in nature since there has been insufficient work completed to define them as Mineral Resources or Ore Reserves. It is uncertain if further exploration work will result in the determination of a Mineral Resource or Ore Reserve.

• Any Exploration Targets referred to in this presentation are not Mineral Resources. The Potential quantity and grade of the Exploration targets are conceptual in nature and there has been insufficient exploration to determine a Mineral Resource. There is no certainty that additional exploration work will result in the estimation and reporting of Mineral Resources.

2

TIER-1 LOCATION

OPPORTUNITY

EXISTING RESOURCES

WELL-FUNDED

SKILLED TEAM

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Our Investment Pro osition p

▪ 100% ownership of Gidgee Gold Project, 800km NE of Perth

▪ 1,000km[2] of GML-controlled tenure following strategic consolidation

▪ Proximity to several multi-million ounce deposits

• A “neglected” Greenstone Belt in WA’s north-eastern goldfields with minimal modern exploration

• Predominantly targeting shallow (0-200m) mineralisation at three priority target areas

▪ High-grade discoveries validating exploration strategy

▪ Independent review indicates “free-milling” characteristics

▪ Initial 240,000oz Inferred Resource[1] across two deposits

▪ New prospects identified for future Mineral Resource additions

▪ Strong balance sheet with ~$5.06M cash and listed investments[2]

▪ Ability to maintain a systematic approach to exploration

▪ 2021 +35,000m of RC, diamond and air-core drilling in progress

▪ Experienced and successful management team with strong track record

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• 1 3,425,000 tonnes @2.2g/t for 240,000 ounces of contained gold. See ASX announcement dated 3 October 2019. 2 As at 30 June 2021

3

Cor orate Summar p y

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CAPITAL STRUCTURE	CAPITAL STRUCTURE
ASX Ticker	GML
Shares on issue	1,903,635,600
Executive Performance Options	32,000,000
Cash balance as at 30 June 2021*	$3.57M
Share Price	$0.019
Market Capitalisation	$36.2M

• Does not include listed investments as at 30 June 2021 of $1.49M

12-MONTH SHARE PRICE

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MAJOR SHAREHOLDERS

Harmanis Holdings	12.31%
OMNI GeoX	7.77%
L11 Capital	3.41%
Crest Investment Group	2.03%
Top 20	39.30%
Directors(Directly & Indirectly)	13.57%

BOARD OF DIRECTORS

Trent Franklin Non-Executive Chairman Mark Cossom Managing Director Debbie Fullarton Non-Executive Director Scott Brown Non-Executive Director Kar Chua Company Secretary

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Highly Successful and Experienced Leadership Team

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Mark Cossom Managing Director

Trent Franklin Non-Exec Chairman

Debbie Fullarton Non-Exec Director

Scott Brown Non-Exec Director

Kar Chua Company Secretary

Peter Langworthy Technical Consultant

• Executive Director since October 2019

• 24-year experienced geologist with a background in gold exploration, mine geology and corporate management

• Former General Manager - Geology & Exploration at Doray Minerals Ltd

• Former Principal Geologist (SE Asia) at Harmony Gold Ltd

• Experienced Corporate Advisor holding qualifications in Geology/Geophysics, Finance, Financial Planning and Insurance Broking

• Chartered Accountant with 25 years experience in various senior corporate and financial roles

• Currently Chief Executive Officer for Westgold Ltd

• Company Director with 25 years of broad experience in both the public and private sector

• Chartered Accountant with extensive experience in company secretarial & finance roles

• 34-year experienced explorer and project developer

• Led the highly successful exploration team at nickel producer Jubilee Mines

• 12 years of exploration and operational experience at WMC

• Former Executive Chairman at Gateway

• Former Technical Director at Talisman Mining Ltd

• Founding Director at Capricorn Metals Ltd

• Founding Director at Northern Star Resources Ltd

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Montague Granodiorite Dome – Classic WA Goldfields System

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▪ Strong geological analogy to the +5Moz King of the Hills Gold Deposit (Red 5 Limited)

• ~9km long major gold-rich shear zone along the western margin of the Granodiorite Dome

• Highly prospective Eastern Margin not explored

▪ Majority of previous drilling ineffective:

• Only 10% of drilling >50m depth

▪ Three Major Target Areas:

• Priority 1 – Northwest Margin

• Priority 2 – Achilles

• Priority 3 – Kashmir

• Systematic exploration approach delivering new discoveries along Northwest Margin:

• Evermore discovery

• Montague-Boulder to NE Pit discovery

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▪ King of the Hills Gold Deposit (same scale as the Montague Dome)
▪ +5Moz endowment (mined and current resource)
▪
Red 5 Limited (ASX: RED)
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Executing the Strategy– Doing What We Said We’d Do

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SYSTEMATIC APPROACH TO EXPLORATION TO UNLOCK THE POTENTIAL OF THE MONTAGUE DOME

• Major capital raise and SPP in August 2020 – $9M at 1.6c/share

• Funds to enable systematic drilling of the prospective NW Margin and other priority targets around the Montague Granodiorite Dome

• Large target areas away from historic open pits – potential for significant gold mineralisation

• Since August 2020, extensive drill programs have been completed:

• 30,018m RC drilling (231 holes) – Northwest Margin, Achilles Nth, Kashmir

• 15,096m Air-core drilling (306 holes) – Achilles Sth – Next program underway

• 1,950.2m Diamond drilling (5 holes) – Evermore, EIS stratigraphic holes

• Drilling has so far delivered two new discoveries along strike of historic open pit mining

• Significantly increased geological understanding of mineralisation, with new hosts and several new orientations of host structures

• Demonstrates the scale of the gold system present around the Montague Granodiorite Dome

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7

(See ASX announcements dated 1 September 2020 , 20 November 2020, 22 January 2021 and 28 April 2021)

Executing the Strategy– Doing What We Said We’d Do

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SYSTEMATIC APPROACH TO EXPLORATION TO UNLOCK THE POTENTIAL OF THE MONTAGUE DOME

• Major capital raise and SPP in August 2020 – $9M at 1.6c/share

• Funds to enable systematic drilling of the prospective NW Margin and other priority targets around the Montague Granodiorite Dome

• Large target areas away from historic open pits – potential for significant gold mineralisation

• Since August 2020, extensive drill programs have been completed:

• 30,018m RC drilling (231 holes) – Northwest Margin, Achilles Nth, Kashmir

• 15,096m Air-core drilling (306 holes) – Achilles Sth – Next program underway

• 1,950.2m Diamond drilling (5 holes) – Evermore, EIS stratigraphic holes

• Drilling has so far delivered two new discoveries along strike of historic open pit mining

• Significantly increased geological understanding of mineralisation, with new hosts and several new orientations of host structures

• Demonstrates the scale of the gold system present around the Montague Granodiorite Dome

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(See ASX announcements dated 1 September 2020 , 20 November 2020, 22 January 2021 and 28 April 2021)

Evermore Prospect – New Discovery on the NW Margin

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SIGNIFICANT HIGH-GRADE GOLD DISCOVERY BETWEEN WHISTLER AND MONTAGUE DEPOSITS AT GIDGEE

LOWER ZONE

• GRC550: 15m @ 3.0g/t Au from 104m and 10m @ 9.2g/t Au from 140m

• GRC630: 7m @ 11.7g/t Au from 97m

• GRC651: 12m @ 5.6g/t Au from 78m, including 4m @ 13.2g/t Au

• ▪ GRC635: 4m @ 10.1g/t Au from 132m

• GDD018: 1.9m @ 22.4g/t Au from 151.4m

• High grades intersected ~800m along strike, and remains open in all directions

• Significant new discovery away from areas of historic mining activity

• Substantial zone of strong gold mineralisation hosted in differentiated intrusive rocks

• New geological host and mineralisation style for the project

• Southern half still only covered by wide 80m x 100m drilling

MONTAGUE LODES

• GRC566: 8m @ 3.0g/t Au from 92m

• GRC534: 6m @ 6.1g/t Au from 88m

• GRC535: 3m @ 5.5g/t Au from 46m

• ▪ GRC496: 6m @ 6.0g/t Au from 54m

• Northern extension of structures hosting the Montague-Boulder resource: 1.6km strike

• Structures located in immediate hanging wall of the Lower Zone Discovery

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(See ASX announcements dated 1 September 2020 , 20 November 2020, 22 January 2021, 28 April 2021, 21 May 2021 and 28 June 2021)

Evermore Prospect – New Discovery on the NW Margin

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SIGNIFICANT HIGH-GRADE GOLD DISCOVERY BETWEEN WHISTLER AND MONTAGUE DEPOSITS AT GIDGEE

LOWER ZONE

• GRC550: 15m @ 3.0g/t Au from 104m and 10m @ 9.2g/t Au from 140m

• ▪ GRC630: 7m @ 11.7g/t Au from 97m ▪ GRC651: 12m @ 5.6g/t Au from 78m, including 4m @ 13.2g/t Au ▪ GRC635: 4m @ 10.1g/t Au from 132m

• GDD018: 1.9m @ 22.4g/t Au from 151.4m

• High grades intersected ~800m along strike, and remains open in all directions

• Significant new discovery away from areas of historic mining activity

• Substantial zone of strong gold mineralisation hosted in differentiated intrusive rocks

• New geological host and mineralisation style for the project

• Southern half still only covered by wide 80m x 100m drilling

MONTAGUE LODES

• GRC566: 8m @ 3.0g/t Au from 92m

• ▪ GRC534: 6m @ 6.1g/t Au from 88m ▪ GRC535: 3m @ 5.5g/t Au from 46m ▪ GRC496: 6m @ 6.0g/t Au from 54m

• Northern extension of structures hosting the Montague-Boulder resource: 1.6km strike

• Structures located in immediate hanging wall of the Lower Zone Discovery

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(See ASX announcements dated 1 September 2020 , 20 November 2020, 22 January 2021, 28 April 2021, 21 May 2021 and 28 June 2021)

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Evermore Prospect – New Discovery on the NW Margin

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SIGNIFICANT HIGH-GRADE GOLD DISCOVERY BETWEEN WHISTLER AND MONTAGUE DEPOSITS AT GIDGEE

LOWER ZONE

• GRC550: 15m @ 3.0g/t Au from 104m and 10m @ 9.2g/t Au from 140m

• GRC630: 7m @ 11.7g/t Au from 97m

• GRC651: 12m @ 5.6g/t Au from 78m, including 4m @ 13.2g/t Au

• ▪ GRC635: 4m @ 10.1g/t Au from 132m

• GDD018: 1.9m @ 22.4g/t Au from 151.4m

• High grades intersected ~800m along strike, and remains open in all directions

• Significant new discovery away from areas of historic mining activity

• Substantial zone of strong gold mineralisation hosted in differentiated intrusive rocks

• New geological host and mineralisation style for the project

• Southern half still only covered by wide 80m x 100m drilling

MONTAGUE LODES

• GRC566: 8m @ 3.0g/t Au from 92m

• GRC534: 6m @ 6.1g/t Au from 88m

• GRC535: 3m @ 5.5g/t Au from 46m

• ▪ GRC496: 6m @ 6.0g/t Au from 54m

• Northern extension of structures hosting the Montague-Boulder resource: 1.6km strike

• Structures located in immediate hanging wall of the Lower Zone Discovery

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(See ASX announcements dated 1 September 2020 , 20 November 2020, 22 January 2021, 28 April 2021, 21 May 2021 and 28 June 2021)

Montague-Boulder to NE Pit – A 2[nd] New Discovery

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SIGNIFICANT NEW GOLD MINERALISATION DISCOVERED BETWEEN MONTAGUE-BOULDER AND NORTHEAST PITS

Shallow, high-grade mineralisation intersected over ~400m as systematic drilling continues to uncover exciting new growth opportunities at the Gidgee Gold Project

“LINK” STRUCTURES

• GRC679: 26m @ 2.1g/t Au from 64m

• GRC671: 4m @ 4.5g/t Au from 32m and

2m @ 5.9g/t Au from 11m

• Intersected by RC drilling over a strike length of ~400m to date

• Correlates to the historic “Main Lode” workings immediately to the north that continue for a further 250m

• Further evidence of the large, prospective gold system that is present along the entire Northwest Margin of the Montague Granodiorite

MONTAGUE AND GORDON’S LODES

• GRC661: 9m @ 2.6g/t Au from 59m

• GRC698: 3m @ 11.5g/t Au from 177m

• GDD023: 3.2m @ 5.0g/t Au from 314m

• Southern extension of structures hosting the Montague-Boulder resource

• Intersected in diamond drilling over 250m below surface

• Structures persist along the ~2.5km strike length of the Northwest Margin of the Montague Granodiorite

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(See ASX announcements dated 1 June 2021 and 21 July 2021)

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Montague-Boulder to NE Pit – A 2[nd] New Discovery

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SIGNIFICANT NEW GOLD MINERALISATION DISCOVERED BETWEEN MONTAGUE-BOULDER AND NORTHEAST PITS

Shallow, high-grade mineralisation intersected over ~400m as systematic drilling continues to uncover exciting new growth opportunities at the Gidgee Gold Project

“LINK” STRUCTURES

• GRC679: 26m @ 2.1g/t Au from 64m

• GRC671: 4m @ 4.5g/t Au from 32m and

• 2m @ 5.9g/t Au from 11m

• Intersected by RC drilling over a strike length of ~400m to date

• Correlates to the historic “Main Lode” workings immediately to the north that continue for a further 250m

• Further evidence of the large, prospective gold system that is present along the entire Northwest Margin of the Montague Granodiorite

MONTAGUE AND GORDON’S LODES

• GRC661: 9m @ 2.6g/t Au from 59m

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• GRC698: 3m @ 11.5g/t Au from 177m

• GDD023: 3.2m @ 5.0g/t Au from 314m

• Southern extension of structures hosting the Montague-Boulder resource

• Intersected in diamond drilling over 250m below surface

• Structures persist along the ~2.5km strike length of the Northwest Margin of the Montague Granodiorite

(See ASX announcements dated 1 June 2021 and 21 July 2021)

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Montague Resource – Successful In-fill and Potential Additions

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MONTAGUE-BOULDER DEPOSIT CONTINUES TO GROW IN STATURE WITH OUTSTANDING HIGH-GRADE DRILLING RESULTS

Consistent high-grade results from key areas of in-fill drilling paves the way for an upgrade to current 120koz Inferred Resource while step-out drilling shows strong growth potential

• GRC609: 5m @ 6.9g/t Au from 67m (~100m south of existing Resource)

• GRC612: 3m @ 3.7g/t Au from 88m (~160m south of existing Resource)

• GRC588: 6m @ 6.2g/t Au from 96m

• GRC591: 3m @ 9.0g/t Au from 62m

• GRC625: 7m @ 4.6g/t Au from 112m

• GRC593: 6m @ 3.6g/t Au from 11m

• Coherent high-grade domains within broader mineralised shear zone

• Some deeper holes indicate potential for additional lodes beneath the existing interpreted positions:

• GRC599: 5m @ 17.4g/t Au from 83m

• GRC583: 5m @ 2.7g/t Au from 115m

• GRC603: 2m @ 5.6g/t Au from 178m

• New thick granodiorite hosted intersections immediately adjacent to the historic pit:

• GRC583: 5m @ 2.7g/t Au from 115m

• GRC696: 7m @ 3.0g/t Au from 84m; and 7m @ 1.5g/t Au from 113m

• The location of these additional lodes make them ideal for incrementally growing the Resource

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(See ASX announcement dated 11 January 2021 and 7 July 2021)

Montague Resource – Successful In-fill and Potential Additions

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MONTAGUE-BOULDER DEPOSIT CONTINUES TO GROW IN STATURE WITH OUTSTANDING HIGH-GRADE DRILLING RESULTS

Consistent high-grade results from key areas of in-fill drilling paves the way for an upgrade to current 120koz Inferred Resource while step-out drilling shows strong growth potential

• GRC609: 5m @ 6.9g/t Au from 67m (~100m south of existing Resource)

• GRC612: 3m @ 3.7g/t Au from 88m (~160m south of existing Resource)

• GRC588: 6m @ 6.2g/t Au from 96m

• GRC591: 3m @ 9.0g/t Au from 62m

• GRC625: 7m @ 4.6g/t Au from 112m

• GRC593: 6m @ 3.6g/t Au from 11m

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• Coherent high-grade domains within broader mineralised shear zone

• Some deeper holes indicate potential for additional lodes beneath the existing interpreted positions:

• GRC599: 5m @ 17.4g/t Au from 83m

• GRC583: 5m @ 2.7g/t Au from 115m

• GRC603: 2m @ 5.6g/t Au from 178m

• New thick granodiorite hosted intersections immediately adjacent to the historic pit: ▪ GRC583: 5m @ 2.7g/t Au from 115m

• GRC696: 7m @ 3.0g/t Au from 84m; and 7m @ 1.5g/t Au from 113m

• The location of these additional lodes make them ideal for incrementally growing the Resource

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(See ASX announcement dated 11 January 2021 and 7 July 2021)

Priority 2 Achilles Corridor – Shallow Oxide Mineralisation over 1km

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ZONE OF SHALLOW OXIDE MINERALISATION AT ACHILLES SIGNIFICANTLY EXTENDED BY STEP-OUT DRILLING

Gold mineralisation now defined over a 700m strike length and still open to the north and south;

• GRC507: 14m @ 1.0g/t Au from 3m

• GRC508: 7m @ 2.5g/t Au from 61m & 6m @ 1.5g/t Au from 45m

• GRC501: 4m @ 2.9g/t Au from 64m

• GRC446: 21m @ 2.1g/t Au from 32m

• GRC447: 13m @ 3.4g/t Au from 5m

• GRC430: 11m @ 3.0g/t Au from 32m

• Wide-spaced step-out traverses

• Mineralisation over 1km between two historical open pits

▪ Strategically important oxide-zone mineralisation

• Shallow – very little testing at depth

• Drilling demonstrates ineffective results from historical RAB drilling

• Follow-up drilling to be planned

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(See ASX announcement dated 17 September 2020)

Priority 2 Achilles Corridor– Southern Air-core Drilling

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AIR-CORE DRILLING EXPANDS ACHILLES PROSPECT INTO

2.5km-LONG GOLD CORRIDOR AT GIDGEE

200m spaced air-core drilling across new area to the south of Achilles oxide target returns assays up to 16.2g/t and defines high-order oxide and primary gold anomalies

Achilles Structure:

• GWAC0480: 3m @ 5.6g/t Au from 16m (BOH), including 1m @ 16.2g/t Au

• GWAC0482: 4m @ 1.8g/t Au from 36m

• GRC628: m @ 1.6g/t Au from 50m (RC follow-up)

Dandelion Structure

• GWAC0501: 12m @ 1.4g/t Au from 24m, including 4m @ 3.0g/t Au

• GWAC0497: 4m @ 1.9g/t Au from 28m

• GWAC0567: 4m @ 2.1g/t Au from 36m

• First-pass systematic drilling has defined a major new gold target

• Several large-scale anomalies over +1.4km, open to north and south

• Highlights the historic near-surface Airport prospect drilling by Gateway:

• GRB1231: 20m @ 15.6g/t Au from 25m

• GRC015: 17m @ 14.7g/t Au from 30m

• GRB1253: 15m @ 5.1g/t Au from 35m

• Continuation of the Achilles oxide structure tested by RC drilling

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(See ASX announcement dated 4 November 2020)

et – O enin u Priority 3 Kashmir Targ p g p the Eastern Margin

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SIGNIFICANT SHALLOW, HIGH-GRADE GOLD INTERSECTED IN MAIDEN DRILLING AT 1.8KM LONG KASHMIR GOLD ANOMALY

Grades of up to 8.8g/t Au returned from initial reconnaissance Reverse Circulation drilling within the extensive Kashmir gold-in-soil anomaly, providing an outstanding target for follow-up work

▪ 1km spaced reconnaissance drilling intersects high-grade mineralised structure

• GRC520: 2m @ 7.9g/t Au from 3m (mafic hosted)

• ▪ GRC524: 1m @ 8.8g/t Au from 59m (mafic hosted)

• ▪ GRC522: 2m @ 1.6g/t Au from 105m (granodiorite)

• Immediately along strike of 200koz Howards Gold Resource (HRN)

• Both mafic hosted and granodiorite hosted styles of mineralisation

• Opens up 8km of prospective contact that is totally unexplored

• Follow-up drilling scheduled for 2021

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(See ASX announcement dated 8 September 2020)

et – O enin u Priority 3 Kashmir Targ p g p the Eastern Margin

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SIGNIFICANT SHALLOW, HIGH-GRADE GOLD INTERSECTED IN MAIDEN DRILLING AT 1.8KM LONG KASHMIR GOLD ANOMALY

Grades of up to 8.8g/t Au returned from initial reconnaissance Reverse Circulation drilling within the extensive Kashmir gold-in-soil anomaly, providing an outstanding target for follow-up work

▪ 1km spaced reconnaissance drilling intersects high-grade mineralised structure

• GRC520: 2m @ 7.9g/t Au from 3m (mafic hosted)

• ▪ GRC524: 1m @ 8.8g/t Au from 59m (mafic hosted)

• ▪ GRC522: 2m @ 1.6g/t Au from 105m (granodiorite)

• Immediately along strike of 200koz Howards Gold Resource (HRN)

• Both mafic hosted and granodiorite hosted styles of mineralisation

• Opens up 8km of prospective contact that is totally unexplored

▪ Follow-up drilling scheduled for 2021

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(See ASX announcement dated 8 September 2020)

000km[2 ] now controlled Project Consolidation – over 1,

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MAJOR FOOTPRINT CONSOLIDATED WITHIN THE GUM CREEK GREENSTONE BELT

Gateway has established a major landholding within the highly prospective and under-explored Gum Creek Greenstone Belt through a series of low-cost deals

• Successful divestment strategy for non-core projects executed to sharpen focus on Gidgee:

• Significant portfolio of 3[rd] party shareholdings and royalties accumulated ~$1.5m

• Project area now covers an area of approx. 1,000km[2] spanning the western and eastern sides of the highly prospective Gum Creek Greenstone Belt

▪ Golden Mile Farm-in:

• Host to a ~30km long major gold-bearing structural corridor (termed the “Woodley Domain”)

• Third major identified gold trend within the belt after:

• Eastern Montague Domain: +1Moz endowment

• Central Gidgee Domain: +2Moz endowment .

• Previous exploration highlights significant gold anomalism, which has only been followed up by rudimentary drilling, e.g.:

• 40m @ 3.0g/t Au from surface *

• 20m @ 2.5g/t Au from surface*

• 24m @ 3.3g/t from surface *

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

Montague
Granodiorite
Dome
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(See ASX announcement dated 23 July 2020)

* Whole-hole composite sample

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LOCATION

FOCUS

GROWTH

FUNDING

SUCCESS

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Key Investment Takeways

▪ WA gold focus, project located in one of Australia’s premier gold districts ▪ Proven endowment – an emerging large gold system

▪ Minimal modern, systematic exploration

▪ Focus is on shallow mineralisation – three priority target areas

▪ +2.5km of prospective strike-length on the Northwest Margin ▪ Independent review indicates “free-milling” characteristics

▪ Initial 240,000oz Inferred Resource[1] and clear areas for growth ▪ Two new discoveries already made away from historic mining areas ▪ Strategic oxide mineralisation at Achilles over 1km near-surface

▪ Strong balance sheet with ~$5.06M[2] cash and listed investments ▪ Strategic 3[rd] party shareholding and royalty portfolio accumulated ▪ 2021 +35,000m of RC, diamond and air-core drilling underway

▪ Experienced and successful management team with strong track record

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13,425,000 tonnes @2.2g/t for 240,000 ounces of contained gold. See ASX announcement dated 3 October 2019.

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Thank you . Questions.

Investor Update | August 2021 | Mark Cossom, Managing Director

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