INFINITY MINING LIMITED — Investor Presentation 2024

Oct 31, 2024

HEADING IN QUICKSAND CAPS

NOVEMBER 2024

OVERVIEW

Infinity Mining Limited (ASX: IMI) has entered into binding term sheets to acquire a portfolio of the Cangai Copper Project, as well as gold and copper exploration projects in New South Wales, Victoria and Tasmania being:

• The acquisition of three exploration licenses, EL8625, EL8635 and EL8601 in the New England Fold Belt of NSW (“Cangai Project”) from Castillo Copper Limited (“CCZ”);

• The acquisition of 100% of issued capital of GMH Resources (NSW) Pty Ltd (“GMH”), the holder of a portfolio of exploration licences and applications prospective for gold and copper in the Lachlan Fold Region of NSW (“GMH Projects”); and

• The acquisition of various exploration licences and applications prospective mainly for gold in Eastern Victoria and Tasmania (“EVGE Projects”) from Eastern Victoria Gold Exploration Pty Ltd (“EVGE”).

Figure 1 – Project Locations

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Target Portfolio Primed for Discovery

THE

OPPORTUNITY

• Cangai Copper Project High-grade historic copper mine. JORC Resource with near term potential.

• ~3,000km² portfolio includes potential high-grade gold projects, as well as copper, tungsten, molybdenum, tin, and other base metals, offering multiple avenues for valuable resource discoveries.

• Some projects are strategically located near established mining operations and highgrade gold projects, enhancing project economics and development timelines.

• Extensive historical exploration data, deep advisor experience and workings support accelerated exploration and potential resource definition.

• New advisory members with thorough understanding of high-grade shear, dyke and IRGS deposit types, as well as site research knowledge including thesis and on-theground exploration. This includes ‘off-map’ old mines and potential veins from prior prospecting.

• New projects complement Infinity’s existing portfolio of lithium, gold, copper, and base metal projects in the Pilbara and Central Goldfields regions in WA, which Infinity will continue to advance.

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NEW SOUTH WALES

CANGAI COPPER MINE / ACHILLES SHEAR ZONE & MACQUARIE ARC

Strategic position (991 km2) in NSW.

Cangai Copper – 333km[2]

• [High grade historic copper mine.]

• [JORC Resource with near term potential.]

Achilles – 14km[2]

• [Covers Achilles Shear Zone, key Ural Volcanic units ] plus historic mining sites (Ural/Mt Bowen).

Bogong – 115km[2]

• [Open copper-gold system with over 500m of strike in ] a 14 km trend of Silurian Volcanics strike.

Gundagai – 42km[2]

• [Macquarie Arc extension and hosting historical ] workings.

Harden – 487km[2]

• [Encompassing historic alluvial gold workings]

• 1ASX:AGC - 16/07/2024 – Presentation(slide 8)

• 2ASX:DEV – 22/05/2018 Announcement

NSW - CANGAI COPPER

The Cangai Project includes the historic Cangai Copper Mine located in the north-western corner of New South Wales, approximately 220 km south of Brisbane, and 500 km north of Sydney.

• JORC[2012] compliant Mineral Resource Estimate of 4.4Mt @ 2.5% Cu inferred insitu and 0.2Mt @ 1.35% Cu indicated from historic stockpiles for ~114kt contained copper metal; augmented further by zinc, gold, and silver credits.[1]

• Significant potential for resource expansion exists, particularly in downdip extensions of known ore lenses.

• Historic production of the Cangai from 1904 to 1917, produced approximately 5000 tonnes of copper, along with notable quantities of gold and silver. Cangai was renowned for its high-grade ore , which was mined from the rich sulphide ore bodies in the area. During its operation, the mine processed ore with copper grades approximately 7-10% Cu.[2]

1ASX:CCZ ASX Announc. 25 July 2023, link: https://wcsecure.weblink.com.au/pdf/CCZ/02689515.pdf 2GSNSW MinView portal

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NSW - CANGAI COPPER

DRILLING & EXPANSION

Robust project that delivers material exploration upside & one of Australia’s highest grading copper deposits.

• RECENT RC DRILLING assay results up to 10.25% Cu , 6.04% Zn and 32.5g/t Ag, including best intersection of 11m @ 5.94% Cu from 40m including 1m @ 10.25% Cu, 3m @ 8.1% Cu and 1m @ 7.53% Cu from 41m.[1]

• RECENT DIAMOND DRILLING assays returning up to 14.45% Cu , 5.93% Zn & 40.1g/t Ag, including best intersection of 4.39m @ 5.06% Cu , 2.56% Zn and 20.1 g/t Ag from 49.9m.[2]

• Downhole Electromagnetic (DHEM) results highlight sizeable massive sulphide conductors & new targets open at depth.

• Potential high-grade south-east trending mineralised extension inferred from soil sample assays, including “Canberra” 1,660ppm Cu & “Sydney” 500ppm Cu , Rock-chip results in same area up to 23.9% Cu.

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Historic Long Section

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

NW SE
OPEN
OPEN
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• 1ASX:CCZ ASX Announcement – 3 September 2018 , link: https://wcsecure.weblink.com.au/pdf/CCZ/02017898.pdf

Long Section with drilling intercepts[2]

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2ASX:CCZ ASX Announcement – 11 December 2018, link: https://wcsecure.weblink.com.au/pdf/CCZ/02058422.pdf

NSW - CANGAI COPPER

METALLURGY & OPPORTUNITIES

There is significant potential to generate near-term revenue from processing the existing spoil dumps at Cangai. Metallurgical tests have confirmed the presence of highgrade copper and associated metals in these dumps, which could be economically processed using modern techniques.

• Metallurgical test-work identified significant beneficiation of the ore, with copper concentrate recoveries exceeding 80% with a grade of up to 22% Cu.[1]

• In September 2019, assay results for Smelter Creek slag dump and Marks and McDonough’s dumps showed average head grades of 1.23% and 2.03% Cu.[1]

• In December 2019 work on an insitu massive sulphide ore sample reported a commercial grade concentrate of 22.2% Cu & 7.4% Zn with a 79.3% copper recovery.[2]

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Metallurgical Flotation Test-work in progress

• 1ASX:CCZ ASX Announcement – 12 September 2019, link: https://wcsecure.weblink.com.au/pdf/CCZ/02141953.pdf 2ASX:CCZ ASX Announcement – 3 December 2019 , link: https://wcsecure.weblink.com.au/pdf/CCZ/02181109.pdf

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NSW - ACHILLES SHEAR ZONE & MACQUARIE ARC

Targeting gold & copper systems (eg: Achilles discovery by ASX:AGC).

Achilles – 14km[2]

• Covers Achilles Shear Zone, key Ural Volcanic units plus historic mining sites (Ural/Mt Bowen).

• ~15km north (along strike) from ASX:AGC’s recent drill intercepts ( 5m @ 16.9 g/t Au , 1,667 g/t Ag & 15.0% Pb+Zn from 112m)[1] .

Bogong – 115km[2]

• Open copper-gold system with over 500m of strike in a 14 km trend of Silurian Volcanics strike.

• Historic drill intercepts including 54.9m @ 1.1% Cu from 6.1m & 9.2m @ 2.02% Cu from 39.6m.[2]

Gundagai – 42km[2]

• Macquarie Arc extension and hosting historical workings.

Harden – 487km[2]

• [Encompassing historic alluvial gold workings]

• 1ASX:AGC - 16/07/2024 – Presentation(slide 8)

• 2ASX:DEV – 22/05/2018 Announcement https://www.devexresources.com.au/wpcontent/uploads/2024/06/6884758.pdf

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NSW - BOGONG Cu-Au

The Bogong Project covers ~16km of large-scale Mooney-Money fault system with potential for Cu-Au system.

• [Open ended Cu-Ag system with 500m+ ] of strike as part of 14km trend of Silurian Volcanics.

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Lac-Ma-Lac Gold Mine [4]
Tumut Copper Mine [5]
Sampling up to 551g/t Au, several
Rock chips >1% Cu, >30ppm Ag,
reefs worked in the area, generally
560ppm Pb, 420ppm Zn
striking ~N-S
Goobarragandra Cu Mine [3]
Up to 10% Cu samples, 30m
long x 2 m wide in historic
shafts
Bogong Cu Mine [1]
2018 drilling including 54.9m
@ 1.1% Cu from 6.1m and
9.2m @ 2.0% Cu from
39.6m, Historic Rock Chips
Baloo Prospect [2] including 10% Cu, 0.47 g/t
Au, 13.5 g/t Ag, 0.28% Ni
Historic drilling with 2100ppm Cu inc.
3m @ 5100ppm Cu. Ni averaged
~2000ppm in all holes
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• [Situated within boundary of known ] mineralized areas (eg: Historical Bogong and Goobarrandra Cu Mines, Baloo Cu prospect and other mangesite, gold and barite areas).

• [Porphyry-hosted Cu-Au targets ] identified with copper-sulphides with assays up to:

• 10% Cu & 0.5 g/t Au.[1]

Neighbours:

• [ASX: AMI’s ‘Tumut Project’ (North).]

• [Modern infrastructure.]

• 1ASX:DEV – 22/05/2018 - https://www.devexresources.com.au/wp-content/uploads/2024/06/6884758.pdf 2Baloo Prospect - Geoscience NSW - GS1975/350 & GS1973/087

• 3Goobarragandra Cu Mine - Geoscience NSW - Mineralisation site 101454 & GS1968/274 4Lac-Ma-Lac - Geoscience NSW - Basden GS1986/103

• 5Tumut Copper Mine - Geoscience NSW - Basden GS1986/103

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NSW - ACHILLES SHEAR

The Achilles Shear Project covers 5 km of the Achilles Shear zone & key Ural Volcanic units:

• 5 g/t Au and 30 g/t Ag, 1% Cu & 1.5% Zn+Pb on tenement[1] .

• [Encompassing Mt Bowen occurrence ] and historic Ural Mine mining sites, with:

• o 1% Cu, 1.5% Pb and 0.15% Zn.[2]

• 5 g/t Au & 30 g/t Ag at 3m.[3]

• [Covers underexplored structural corridor ] and historical mineral occurrences of the Cobar Supergroup (Cu-Au & Pb-Zn-Ag).

Neighbours:

• [AGC’s ‘Achilles’ discovery (~15km).]

• o 5m @ 16.9 g/t Au, 1,473 g/t Ag & 6.8 % Pb+Zn from 112m.[4]

• [VHMS mineralisation (Pb-Zn-Cu-Ag-Au) ] at Brown’s Reef (~12km).

• 1NSW Minview, DIGS Mineral Occurrence 102392

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• 2NSW Minview, DIGS Mineral Occurrence 107831, https://search.geoscience.nsw.gov.au/report/R00013929

• 3NSW Minview, DIGS Mineral Occurrence 102392

• 4ASX:AGC - 16/07/2024 – Presentation(slide 8)

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NSW - HARDEN Au

Harden is a historical alluvial gold region with gold believed to be minor quartz veins in granodiorite.

• [Historical production in excess of ] 15 tonnes Au, 90% produced within a 20km radius of Young.[1]

• [Historic work suggests large ] dredgable gold deposits may exist in Burranong Creek and around alluvial gold areas near Young.

• Historical (1985) NON-JORC compliant estimation of 260,000 m[3 ] of alluvial wash at an estimated grade of 1.26 g/m3”.[1]

• Some of the grains were angular indicating a nearby source with the majority being “moderately water worn”.

• Reportedly during the 1930s shafts were sunk and encountered grades >2 oz/t (or >52 g/t Au).[2]

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Alluvial drilling
zone Interpreted
Structures
Historic Gold
Shafts
Other gold
occurrences
Historic Gold
Shafts
Isostatic
Gravity over
TMI RTP Key
Feature
Harden Gold
Mine
Harden Project
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• 1DIGS R00015121, Valley Exploration Pty Ltd July 1982-May 1985

• 2DIGS R00005557 https://search.geoscience.nsw.gov.au/report/R00005557

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1NSW Minview, DIGS Mineral Occurrence 102392

NSW - GUNDAGAI Cu-Au

Gundagai contains the southern extension of the Macquarie Arc (Australia’s largest porphyry Cu-Au terrane).

• [Long history of historical workings, ] prospective for orogenic gold and IRGS with potential for VHMS and Porphyry deposits.

• [Nangus Road porphyry target and ] cut cross by Bethungra Fault.

Neighbours:

• [ASX:LSA’s ‘Gundagai Project’ (West), ] recently sold for $7.5m package and ‘Nangus Road’ porphyry-fertile, highpotassium intrusion (similar to other large deposits in the region).[1]

• [ASX: AMI’s ‘Gundagai Project’ (East).]

• 1https://lachlanstar.com/wp-content/uploads/2023/08/ASX-Ann-Lachlan-StarAcquires-NSW-Copper-Gold-Portfolio-Final.pdfI

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VICTORIA

MELBOURNE ZONE (GOLD-ANTIMONY)

Strategic position (1,065 km2) in Victoria.

Targeting IRGS , e.g. SUNDAY CREEK (Melbourne Zone) >1Moz@~6g/t Au[1] .

Monkey Gully – 40km[2]

• [Drilling indicates IRG systems. AUD1.5M in previous ] exploration expenditure.[2]

Prosser’s Reef – 525km[2] EL.

• [Target Buxton ring-dykes and intrusions surrounding ] the Cerberion Cauldron and Black Range Granodiorite.

Walhalla South Ext/Tanjil Bren – 500km[2] .

• [IRGS and high-grade gold quartz in shears related to ] alluvial gold fields.

• [Potential extension to 5Moz Walhalla-Wood’s Point ] high-grade goldfield.[3]

•[IRGS fractionated Tanjil intrusion.]

• 1ASX:SGX - https://www.southerncrossgold.com.au/projects/sunday-creek

• 2ASX:GBZ – 2008/2016 Annual Reports

• 3ASX:WRM – November 2021 Presentation

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VICTORIA

Targeting IRGS , e.g. SUNDAY CREEK (Melbourne Zone) >1Moz@~6g/t Au[1] .

• [Gold mineralisation in the aureoles of late ] Devonian granites have been demonstrated by successful IRGS drilling by Southern Cross Gold (ASX:SXG).

• [Sunday Creek mineralisation is disseminated ] arsenopyrite and pyrite in NW veins that cut across an intensely bleached, sericite-albite siltstones, and sericite-carbonate-albite altered dyke rocks (the “host”). Suggestive of IRGS dyke controlled mineralisation.

Neighbours:

• [Highlights of ASX:SXG drilling includes][2][:]

• 1.0m @ 2,318.4g/t Au from 684.3m

• 3.6m @ 391.9g/t Au from 737.1m

• 20.0 m @ 62.7 g/t Au from 430.0m

• o 3.3 m @ 267.8g/t Au from 681.6m

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1ASX:SGX - https://www.southerncrossgold.com.au/projects/sunday-creek 2ASX:GBZ – 2008/2016 Annual Reports

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3ASX:WRM – November 2021 Presentation

VICTORIA - TARGETING IRGS GOLD

Intrusion-Related Gold System (IRGS) Exploration Model

ATTRACTIVE EXPLORATION TARGET – NOTABLE DEPOSITS

• SUNDAY CREEK – ~1Moz @ ~6g/t Au[1]

• POGO - 8Moz @ 13.6g/t Au[2]

• FORT KNOX - 7Moz @ 0.83g/t Au[3]

• STAWELL-WONGA – 6moz[4]

• KIDSTON – 5Moz @ 1.7g/t Au[5]

MINERALISATION STYLES

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• 1ASX:SGX - https://www.southerncrossgold.com.au/projects/sunday-creek

• 2ASX:NST – 24/09/2018 - Denver Gold Forum 2018 (slide 4)

• 3ASX:WRM – Fort Knox's 8m ounce, RDC Conference 2019 (slide 34)

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• 430/03/2017 KIRKLAND LAKE GOLD LTD, Dated March 30, 2017

• 5Kidston - Ore Controls in the Kidston Breccia Hosted Gold Deposit, Gregg W Morrison, Jan 2007

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Figure Reference: ASX:WTM 23/06/23 -Technical Presentation (slide 6)

VICTORIA - MONKEY GULLEY Au/W/Mo/Sn

Monkey Gulley is 25km east Sunday Creek.

• [Southwest corner of EL7620, showing ] obvious annular, intrusive zoned structure.

• [W, Mo, Sn rock IRGS geochemistry.]

• [Magnetic high IRGS target at depth, ] associated with increased Mo and Au in drilling.

• [Inset: Tungsten (W) geochemistry. ] Associated northwest striking apophyse and fractionated dykes.

• [Best DDH (6 holes) intercepts include:][1]

• o 6m @ 0.43% WO3

• 8m @ 0.34% WO3

• 1.3m @ 1.4% Mo

• [Prior exploration expenditure AUD1.5M.][2]

2ASX:GBZ – 2008/2016 Annual Reports

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W Geochemistry
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----- Start of picture text -----

Figure Ref: EL 5293 MONKEY GULLY ANNUAL
REPORT, 31/12/2016
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1E.L. 5103, MONKEY GULLY Annual Report, 12/2008

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VICTORIA - TANJIL BREN & WALHALLA SOUTH EXT Au

Tanjil Bren & Walhalla South

Extension are proximal to Highgrade Walhalla (Melbourne Zone) goldfield quartz veins in shears.

• [Further quartz reef/dyke ] associated gold

mineralisation is targeted at the Charity Creek and Tyers River alluvials and deep leads.

• [Highly fractionated granitoids ] target for IRGS deposits.

• [Limited systematic ] exploration has been conducted.

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

Figure Ref:
Eastern Victoria Gold Exploration & Earth Resources,
Victorian Government, GeoVic
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Figure Ref: Eastern Victoria Gold Exploration & Earth Resources, Victorian Government, GeoVic

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VICTORIA - PROSSER’S REEF Au

Prosser’s Reef is ~28km southeast of Sunday Creek discovery.

• [Target Buxton ring-dykes and intrusions ] surrounding the Cerberion Cauldron and Black Range Granodiorite.

• [Aerial magnetics suitable for ]

• interpretation.

• [Gold potential is based on similar ] intrusion-related gold models.

• [Little previous modern exploration, gives ] potential for new discovery.

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Magnetics
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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.

DISCLAIMER

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 expressed in 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 forwardlooking 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 readers are 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 projects contained in this Presentation.

APPENDIX - KEY ACQUISITION TERMS

Key acquisition terms:

• The consideration payable to GMH shareholders:

• 60,000,000 shares;

• Reimbursement of reasonable and verifiable expenses incurred in keeping the projects in good standing, up to $85,000; and

• 1.5% net smelter return (“NSR”) royalty on any minerals extracted from the GMH Projects.

• The consideration payable to EVGE shareholders:

• 30,000,000 shares;

• Reimbursement of reasonable and verifiable expenses incurred in keeping the projects in good standing, up to $40,000; and

• 1.5% net smelter return (“NSR”) royalty on any minerals extracted from the EVGE Projects.

• The consideration payable to CCZ shareholders:

• 40,000,000 shares;

• 20,000,000 5-year options, exercisable at $0.07.

• First Right of Refusal on Royalties

• Potential Royalty conversions for CCZ of 30M shares & 15M options.

	Shares	Options
Current IMI shares on issue	135,744,132	38,260,287
GMH , EVGE and CCZ Acquisitions	130,000,000	20,000,000
Placement ($1m @ 1.6c)	62,500,000	-
Broker options	-	20,000,000
Lead manager facilitation fee conversion	3,750,000	-
TOTAL	331,994,132	78,260,287

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APPENDIX - TENEMENT DETAIL

VENDOR	TENEMENT	STATUS	NAME	STATE	AREA (KM²)	EXPIRY DATE
Castillo Copper Ltd	EL8601	Current	Cangai North	NSW	75	21/06/2026
Castillo Copper Ltd	EL8625	Current	Cangai South 1	NSW	103	17/07/2026
Castillo Copper Ltd	EL8635	Current	Cangai South 2	NSW	155	21/08/2026
EVGE	ELA7620	Application	Monkey Gully	VICTORIA	59	Application 26/05/2021
EVGE	EL7357	Current	Tanjil Bren	VICTORIA	358	27/12/2027
EVGE	EL7356	Current	Walhalla South Ext	VICTORIA	340	20/10/2027
EVGE	ELA7520	Application	Prosser's Reef	VICTORIA	543	Application 31/03/2021
EVGE	EL8/2020	Current	Weld River	TASMANIA	224	3/03/2026
GMH	EL9700	Current	Achilles	NSW	14	16/09/2027
GMH	EL9697	Current	Bogong	NSW	115	05/09/2029
GMH	EL9605	Current	Harden	NSW	487	25/09/2026
GMH	EL9603	Current	Gundagai	NSW	42	1/09/2029

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