HAMELIN GOLD LIMITED — Investor Presentation 2021

Nov 4, 2021

INVESTOR PRESENTATION November 2021

Modern exploration of the highly prospective and underexplored Tanami Gold Province

Disclaimer and compliance statement

This presentation has been prepared by Hamelin Gold Limited ("Hamelin"). 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 though Hamelin has no reason to believe that it is not accurate, reliable or complete, it has not been independently audited or verified by Hamelin.

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

Hamelin makes no representation or warranty as to the accuracy, reliability or completeness of information in this document and does not take responsibility for updating any information or correcting any error or omission which may become apparent after this document has been issued.

To the extent permitted by law, Hamelin and its officers, employees, related bodies corporate and agents ("Agents") disclaim all liability, direct, indirect or consequential (and whether or not arising out of the negligence, default or lack of care of Hamelin and/or any of its Agents) for any loss or damage suffered by a Recipient or other persons arising out of, or in connection with, any use or reliance on this presentation or information.

The information in this report that relates to Exploration Results is based on information compiled by Mr. Peter Bewick who is a Member of the Australasian Institute of Mining and Metallurgy. Mr. Bewick hold shares and options in Hamelin. He is a full time employee of Hamelin, and has sufficient experience which is relevant to the style of mineralisation under consideration to qualify as a Competent Person as defined in the 2012 Edition of the 'Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Bewick consents to the inclusion in the report of the matters based on the information compiled by him, in the form and context in which it appears.

Hamelin confirms that it is not aware of any new information or data that materially affects the information in the relevant ASX releases and the form and context of the announcement has not materially changed. Hamelin confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcements.

The 'Newmont Tanami Operations AGES Paper 20 March 2018' referred to in this presentation is Schmeider S., Perazzo S., Griesel L., Robinson C. 2018 Tanami Operations, Callie mine: Multiple new discoveries supporting transformational growth in a mature mining camp. NTGS AGES conference paper 2018, and can be found at: https://geoscience.nt.gov.au/gemis/ntgsispui/bitstream/1/87086/4/SchmeiderAGES2018_paper.pdf

This announcement has been approved for release by the Board of Hamelin.

Hamelin Gold

Modern exploration to unlock one of Australia's most underexplored gold provinces

• Hamelin Gold Ltd successfully demerged from Encounter Resources Ltd in October 2021
• IPO completed raising A\$10M to fund gold exploration at the 100% owned West Tanami Project in WA
• Belt-scale exploration opportunity
• A 2,277km² land position across 100km of prospective strike
  • Numerous advanced drill targets and large untested, under cover areas
• Opportunity to apply exploration learnings from Newmont's +14Moz Callie gold operation
• Highly respected team assembled with a clear strategy and focus Well funded following successful \$10M IPO

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Hamelin Gold Board of Directors and capital structure

• Mr Will Robinson Non Executive Chairman B.Comm, MAusIMM
• Managing Director of Encounter Resources for the past 15 years
• Non-Executive Director of Hampton Hill Mining
• Former President of the Association of Mining and Exploration Companies

Non Executive Director

B.Sc (Hons), FAusIMM, MAICD

(2015-21) of Gold Road

in senior exploration and

Resources

Former Exploration Manager

(2013-14) and Executive Director

Previous 10 years at Gold Fields

Mr Justin Osborne

Mr Peter Bewick Managing Director B.Eng (Hons), MAusIMM

• Geologist with over 30 years industry experience
• Former Exploration Director of Encounter Resources (2005-2021)
• Non-Executive Director of Encounter Resources and Mincor Resources

Mr Philip Crutchfield Non Executive Director B.Comm., LL.B (Hons), LL.M LSE

• Current Non-Executive Director of Encounter Resources and Black Cat Svndicate
• Former Chairman of Zip Co (2015-21)
• Board member of the Victorian Bar Foundation and Melbourne Law School Foundation

CAPITAL STRUCTURE
ASX code	HMG
Shares on Issue	110M
Director, employee and broker options	6.5M
Market capitalisation	\$22m
Cash (before IPO costs)	\$10M
Enterprise value	\$12M
SUBSTAINTIAL SHAREHOLDERS
Gold Fields Ltd	10%

Silver Lake Resources

Top 20 holds 55%

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10%

The West Tanami gold province - a sleeping giant

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HIGHLY CREDENTIALED TEAM

Focused and highly skilled exploration team assembled with proven track record of discovery in new belts

NEW DATA AND NEW APPROACH

Reduce exploration risk and increase discovery potential by applying new concepts and innovative exploration techniques

UNDERCOVER POTENTIAL

Vast areas of prospective geology and extensions of mineralised structures beneath thin transported cover

INFRASTRUCTURE

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Major investments underway to open up this new mineral district including sealing Tanami Road and installing the Newmont Gas Pipeline

A WORLD-CLASS GOLD PROVINCE

High grade, high margin gold discoveries by Newmont at Callie have recast the prospectivity of the Tanami

The Tanami Gold Province

West Tanami: Major extension of the Tanami Gold Province

$$
\sim 0.7 \text{Moz Au} \leftrightarrow \sim 25 \text{Moz Au}
$$

Tanami Geology and gold occurrences

West Tanami leasing with gold occurrences over regional gravity data

... same geology, same key structures, but underexplored

Refer to Newmont Tanami Operations AGES Paper 20 March 2018

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Simplified geology of the Dead Bullock's Soak gold camp

Exploration learnings

Newmont 's Tanami discovery journey

• Deposit under thin $(\sim 5m)$ of sand cover
• Near surface, +50ppb gold contour outlines Callie deposit
• A series of high-grade underground discoveries $\bullet$ followed initial discovery of modest open pit deposits
• Best mineralisation hosted within the core of an antiform
• Understanding of the structural setting key to discovery success
• Key exploration learnings by Newmont¹;
• "Be open to variation of the theme.."
• "..challenge conventional wisdom"
• "Follow up those isolated high-grade 'fliers'.."

Near surface gold anomalism over Dead Bullock's Soak deposits

Ultra high grade gold veinlet from Federation deposit

One of Australia's most underexplored gold provinces Hamelin holds 100% interest in the West Tanami Gold Project

• Belt scale gold project $(-2,277km^2)$ in a Tier 1 jurisdiction
• 100km of strike along the major structural corridor interpreted to be the key controlling structure for gold mineralisation in the Tanami
• Extensive areas of shallow cover and limited deeper drilling (30 holes greater than 200m deep)
• Modern, prioritised and focused strategy to assess
• Open, high-grade gold intersections
• Significant kilometre scale geochemical anomalies
• Large untested geophysical targets

West Tanami: a disjointed exploration history Strong foundations in place for meaningful modern exploration

• Historical exploration program driven by very shallow drilling and conventional geochemical programs - largely ineffective $\left(-70\% \text{ of all holes} < 10 \text{m deep}\right)$
• Inconsistent exploration funding due to operational financial pressures
• Hiatus in exploration from 2012 2018
• Acquired by Encounter in 2018
• Limited on-ground exploration by Newcrest Mining under Encounter JV from 2018 - $2021$ (~\$5m):
• 18,400 line km aeromagnetic survey
• Extensive heritage clearance survey
• 28 RC holes (8,122m) at three prospects
• Groundwork set for major exploration drive

West Tanami leasing with gold occurrences over regional gravity data

West Tanami: an underexplored gold province

Ineffective testing of bedrock targets

• Largely covered terrain with a stripped regolith profile
• Shallow geochemical drilling is ineffective over extensive parts of the project
• Significant gold systems that have been identified have limited drill testing at depth
• High grade 'fliers' identified at Hutch's Find and Camel that remain open at depth and along strike
• Targeted diamond and RC drilling planned to test for potential high grade gold shoots

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Orientation Fine Fraction soil sampling – Tanami June 2021

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Key Prospects over TMI magnetics

First 18 months of exploration activity

Gearing up for a major drill program in 2022

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