INFINITY MINING LIMITED — Investor Presentation 2023

Dec 28, 2023

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ASX Announcement - 29 December 2023

THE COMPANY

LITHIUM RESOURCE POTENTIAL IN 2024

Infinity’s focus now [and beyond] is the 735 km[2] (41km[2] pending) of sought-after tenements it has acquired in the world class Pilbara lithium province . These tenements are highly prospective with recent new discoveries[1] justifying the company ramping up exploration for lithium.

The hyper-valuable lithium discoveries of Pilgangoora and Wodgina are within 100km of Infinity and have occurred in a Lithium Corridor, which is an area of the greenstone belt that is also within 10km of fertile granite (refer to Figure

5). Company making discoveries have also coincided with

clusters of proven Tin-Tantalum-Lithium sites as seen on Figure 1 as ‘yellow diamonds’[2] . Therefore, new and highly valuable lithium spodumene discoveries are likely to occur within this prolific Lithium Corridor.

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Figure 1 – The Pilbara
Lithium Corridor
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1 Per IMI announcement - 13/12/2023 2 Reference Department of Mines, Industry Regulation and Safety 2021, MINEDEX: mines and mineral deposits database

UNLOCKING VALUE, THE PROVEN WAY

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RESOURCE
20 Dec 2023
EXPLORATION
$3.75/share [1]
TARGET
ESTIMATE + 1400% in 14Mths ???% in 6Mths
21 Dec 2023
STRUCTURAL 75c/share [1]
DEFINITION
+ 1400% in 7Mths
DISCOVERY
+25% in 2Mths
TIME 19 Oct 2022 17 May 2023 21 Dec 2023
25c/share [1] 5c/share [1] 15c/share [1]
Figure 2 – Value added from
proving UP a Lithium Resource
1Share Prices quoted are from intraday trading range
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FROM DISCOVERY TO RESOURCE

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RESOURCE
Operating Mine
Exploration Target Estimate The company generates
cash flow, but commodity
Sufficient drilling to provide a prices and management
pre-resource range risks remain
Structural Definition
Broad concept of the
potential resource size
Discovery
Recognition of appropriate Institution / Strategic Investment
rock type and minerals Experienced mine developers and
financiers invest to develop the
Orphan Period project into an operating mine
Proven discoveries require
Groundwork
large amounts of capital
Scout for prospective areas for construction
Concept Discover Feasibility Develop Produce
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Figure 3 – Lithium Resource Delivery Lifecycle (& beyond)

6 MONTH STRATEGY TO UNLOCK SIGNIFICANT VALUE

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AGGRESSIVE
EXPLORATION
PLAN TO
DELIVER
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WOODY
WOODY
ANTICIPATED
DIAMOND
EXPLORATION
DRILLING
TARGET ESTIMATE
INFINITY BUZZ & LIGHTYEAR LCT CORRIDOR
Map and sample Map and sample Reconnaissance all
unexplored areas Hillside tenements for Lithium
Q1 2024 Q2 2024
CENTRAL GOLDFIELDS PANORAMA
JORC Resource for Govt Co-Funded Diamond
monetisation Drilling at Brisbane Nickel
LITHIUM
CORE
NON –
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LITHIUM
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WHY SWARMS MATTER

SWARMS POINT TO A LARGE RESOURCE

IMI recently announced lithium in pegmatite swarms from mapping and drilling results at its Woody Prospect[1] . The presence of these lithium bearing swarms likely indicates a sizeable lithium rich entity at depth (see Figure 5).

Lithium spodumene found at Infinity tenements is the dominant lithium mineral found in pegmatites exclusively associated with fertile granites and is the most widely exploited mineral source of lithium in the world. Spodumene is known for its relatively high purity and processability compared to other lithium-bearing minerals. High purity is crucial in the production of lithium chemicals for use in batteries , as impurities can affect the performance and safety of the batteries. The processing of Spodumene is relatively easy and cheap to produce the lithium concentrate required for batteries.

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1 Per IMI announcement - 22/11/2023
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Figure 5 – Pegmatite swarms matter for Lithium

1 Per IMI announcement - 22/11/2023

THE INFINITY STORY…

... WILL CONTINUE TO GROW

As highlighted by Figures 1 & 5 there is substantial evidence that underpins the Pilbara region (especially in the Lithium Corridor ) as having all the right ingredients for further major lithium discoveries. Mapping and drilling results at the Woody Prospect have proven the presence of lithium pegmatite swarms[1] . These swarms are very likely to be surface expressions of a sizeable lithium rich entity at depth . Infinity anticipates its exploration plan to deliver a Lithium Exploration Target estimate by June 2024 . Further geoscience work at surface across the Lithium Corridor is anticipated to provide further exciting discoveries .

T +61732211796

E communications@infinitymining.com.au

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Figure 6 – Huge potential from unexplored areas

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1 Per IMI announcement - 13/12/2023

This presentation (in this projected form in hard copy and presented) (collectively “Presentation”) has been prepared in good faith and is provided in confidence only for the exclusive use of the person to whom the Disclosing Party delivers the presentation and on the basis that Infinity Mining Limited (ACN 609 482 180) (the “Disclosing Party”), nor any of its directors, officers, shareholders, related bodies corporate, partners, affiliates, employees, representatives and advisors make any representation or warranty (express or implied) as to the origin, validity, accuracy, reliability, relevance, currency or completeness of the material contained in the Presentation and no responsibility is taken for any errors or omissions. Nothing contained in the Presentation is, or may be relied upon as, a promise, representation or warranty, whether as to the past or the future in respect of any of the contents contained herein. The Disclosing Party excludes all warranties (including implied warranties) and all liability that can be excluded by law for any loss, claim, damage, cost or expense of any nature (including that arising from negligence) arising out of the Presentation (or any accompanying or other information) whatsoever, nor by reason of any reliance upon it. The Disclosing Party accepts no responsibility to update any person regarding any inaccuracy, omission or change in information in this Presentation or any other information made available to a person or any obligation to furnish the person with any further information.

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DISCLAIMER
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This Presentation includes certain statements that may be considered “forward-looking information” within the meaning of applicable Australian securities regulations and “forwarding-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, “forward-looking statements”). All statements in this Presentation (other than statements of historical facts) are forward-looking statements. The forward-looking statements contained in this document are made as of the date of this document. Except as may otherwise be required pursuant to applicable laws, the Disclosing Party does not assume any obligation to update or revise these forward-looking statements, whether as a result of new information, future events or circumstances after the date of the Presentation, or to reflect the occurrence of unanticipated events. The forward-looking statements in this document reflect the current expectations, assumptions or beliefs of the Disclosing Party based upon information currently available to the Disclosing Party. Where such statements expressly or impliedly relate to future events, expectations and/or belief as to future events or results, involve known and unknown risks and uncertainties such expectation or belief is expressedin good faith and is believed to have a reasonable basis.

Although the Disclosing Party believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and no assurance can be given that these expectations will prove to be correct as actual results or developments may vary or differ materially from those projected in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include prevailing and projected market prices, exploitation and exploration estimates and results, continued availability of capital and financing, general economic, market or business conditions, fluctuations in exchange rates and certain commodity prices, uncertainties related to mineral title in the projects, the ability to obtain governmental or other regulatory approvals, unforeseen technology changes that results in a reduction in minerals demand or substitution by other minerals or materials, the discovery of new large low-cost deposits of minerals and the general level of global economic activity. Readers are cautioned not to place undue reliance on forward-looking statements due to the inherent uncertainty thereof.

Projects are at the early stages of evaluation and although reasonable care has been taken to ensure that the facts stated in this Presentation are accurate and or that the opinions expressed are fair and reasonable, no reliance can be placed for any purpose whatsoever on the information contained in this document or on its completeness. Information provided relating to projected costs, capital expenditure, production profiles and timelines are expressions of judgment only and no assurances can be given that actual costs, production profiles or timelines will not differ materially from the estimates contained in this Presentation.

Unless expressly stated otherwise and subject to compliance with all relevant legislation and regulation, statements relating to resource estimates are expressions of judgment, based on knowledge and experience, including historical information obtained from various sources, and may require revision based on actual production experience. Such estimates are necessarily imprecise and depend to some extent on statistical inferences and other assumptions, such as gold prices, cut-off grades and operating costs, which may prove to be inaccurate.

This Presentation references other corporations and provides certain information in relation to these corporations. All such information was obtained from the public record. The Disclosing Party provides no assurances as to the accuracy or completeness of such information and readersare cautioned not to place any undue reliance on such information.

This document has been prepared solely for information purposes. All persons should seek appropriate professional advice in reviewing or considering the Presentation and all other information with respect to the Disclosing Party and evaluating the business, financial performance and operations of the Disclosing Party. Neither the provision of the Presentation nor any information contained in the Presentation or subsequently communicated to any person in connection with the Presentation is, or should be taken as, constituting the giving of investment or financial product advice to any person in respect of dealing in the Disclosing Party’s securities, and no such information should be taken to constitute a recommendation or statement of opinion that is intended to influence a person in making a decision to deal in any Disclosing Party’s securities. This Presentation does not purport to contain all of the information that may be required to evaluate all of the factors that would be relevant in determining whether to deal in any Disclosing Party’s securities, including but not limited to any person's objectives, financial situation or needs. Each person must not rely on the information provided but should make, and will be taken to have made, its own investigation, assessment and analysis of the information in this Presentation and other matters that may be relevant to it in considering whether to deal in any Disclosing Party’s securities.

The Disclosing Party disclaims any obligation or undertaking to disseminate any updates or revisions to any information contained in this presentation reflect any change in expectations, events, conditions or circumstances on which that information is based. The Disclosing Party owns the copyright in this Presentation. No part of this Presentation may be shown or distributed to third Parties or reproduced, stored or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise without prior written permission of the Disclosing Party. The distribution of the Presentation in jurisdictions outside Australia may be restricted by law and you should observe any such restrictions.

Andrew Hawker is the consultant to Infinity and a Member of the Australian Institute of Mining and Metallurgy. He is a Competent Person as defined in the 2012 Edition of the Australasian Joint Ore Reserves Committee (JORC) Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Hawker has reviewed and approved the technical information in relation to the Pilbara andCentral Goldfields projects contained in this Presentation.