JUNO MINERALS LIMITED — AGM Information 2021

Nov 15, 2021

Annual General Meeting Tuesday 16 November 2021

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Disclaimer

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IMPORTANT: Please read the following before continuing.

This Presentation has been prepared by Juno Minerals Limited ACN 645 778 892 ( Juno or the Company ) solely for information purposes. This Presentation has not been approved by any regulatory or supervisory authority. By accessing this Presentation, you agree to be bound by the following terms and conditions.

This Presentation is based on information available to the Company from sources believed to be reliable. None of the Company or any of their respective parent or subsidiary undertakings or affiliates, or any of their respective directors, officers, employees, advisers or agents ( Relevant Persons ) makes any representation that the information in this Presentation has been verified.

This Presentation does not constitute an invitation or offer to apply for securities and does not contain any application form for securities. This Presentation does not constitute an advertisement for an offer or proposed offer of securities. It is not intended to induce any person to engage in, or refrain from engaging in, any transaction. This Presentation does not and will not form part of any contract for the acquisition of securities.

This Presentation, including the information contained in this disclaimer, is not a prospectus and does not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful under applicable law, including the United States Securities Act of 1933, as amended ( US Securities Act ). Securities have not been registered under the US Securities Act or any US state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration under the US Securities Act and applicable state securities laws.

The Company has prepared this Presentation based on information available to it at the time of preparation. None of the Relevant Persons have independently verified the data contained in this Presentation. The information contained in this Presentation does not purport to be comprehensive. No representation or warranty is made as to the fairness, accuracy or completeness of the information, opinions and conclusions contained in this Presentation or any other information provided by the Company.

You cannot assume that the information in this Presentation will be updated at any time subsequent to the date on the cover of this Presentation. The distribution of this Presentation does not constitute a representation by any Relevant Person that the information will be updated at any time after the date of this Presentation. Except to the extent required by law, no Relevant Person undertakes to advise any person of any information coming to their attention relating to the financial condition, status or affairs of the Company or its related bodies corporate.

To the maximum extent permitted by law, the Relevant Persons are not liable for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on this Presentation or otherwise in connection with it. Statements of past performance: This Presentation includes information regarding the past performance of the Company. Investors should be aware that past performance is not indicative of future performance. Statements of numbers and financial performance: All financial amounts contained in this Presentation are expressed in Australian currency, unless otherwise stated. Any discrepancies between totals and sums of components in tables contained in this Presentation are due to rounding. Reporting of mineral resources and reserves: This Presentation includes mineral resource information prepared by “competent persons” in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). Where used in this Presentation, the terms “resource”, “reserve”, “proven reserves”, “probable reserves”, “inferred resources”, “indicated resources” and “measured resources” have the meanings given to them in the JORC Code.

Forward-looking statements: This Presentation contains forward-looking statements concerning the Company’s business, operations, financial performance and condition as well as the Company’s plans, objectives and expectations for its business, operations, financial performance and condition. Any statements contained in this Presentation that are not of historical facts may be deemed to be forward-looking statements. You can identify these statements by words such as “aim”, “anticipate”, “assume”, “believe”, “could”, “due”, “estimate”, “expect”, “goal”, “intend”, “may”, “objective”, “plan”, “predict”, “potential”, “positioned”, “should”, “target”, “will”, “would” and other similar expressions that are predictions of or indicate future events and future trends. These forward-looking statements are based on current expectations, estimates, forecasts and projections about the Company’s business and the industry in which the Company operates and management’s beliefs and assumptions. These forward-looking statements are not guarantees of future performance or development and involve known and unknown risks, uncertainties and other factors, many of which are beyond the Company’s control. As a result, any or all of the forward-looking statements in this Presentation may turn out to be inaccurate. Factors that may cause such differences or make such statements inaccurate include, but are not limited to, the risk factors described in this Presentation. Readers of this Presentation are urged to consider these factors carefully in evaluating the forward-looking statements set out in this Presentation and are cautioned not to place undue reliance on such forward-looking statements. Unless required by law, the Company does not intend to publicly update or revise any forward-looking statements to reflect new information or future events or otherwise.

Disclaimer

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Agenda

1. CEO Presentation

2. Consideration of Reports and Questions

3. Resolutions and Poll Voting

4. Close

Agenda

3

Company Overview

• Juno Minerals is an independent exploration and development company, focusing on iron ore in the Yilgarn region of Western Australia

• Two key projects:

• –

• Mount Mason DSO Hematite Project 5.9 million tonnes @ 60.1% Fe, near “shovel-ready”, proximity to existing infrastructure; and

• • Mount Ida Magnetite Project – 1.85 billion tonnes @ 29.48% Fe.

• Experienced Board and Management

• Patrick Murphy has been appointed Juno Acting Chair

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Company Overview

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Mount Mason DSO Hematite Project

• 130km by road northwest of the town of Menzies

• a to minimise

• Employing contracting strategy upfront capital costs and to reduce the development timeline

• Majority of approvals already secured

• Resource occurs at surface, conventional open pit mining to produce a DSO Fines product

Mount Mason DSO Hematite Project

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Contracting Strategy

Invitation to Tender	Early Contractor Involvement	Request for Pricing
Mining services	Cassini Village upgrade and expansion - including Mine Operations Centre (MOC) establishment	Site communications
Crushing services		Medical services
Access roads: 1. Mine site to Menzies- Sandstone Road 2. Menzies bypass road to Yunndaga rail siding area		Survey services
		Road haulage
		Above and below rail haulage
Village facilities management

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Contracting Strategy

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Project Approvals

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Approval	Status	Status
MiningLease	Granted and transferred to Juno
MiningProposal	Approved July2014 for Mount Mason and Yunndaga Rail Siding
Native Vegetation Clearing Permits (NVCP)	Resubmitted in August after completion of Autumn flora and fauna survey; conditional approval expected December 2021/January2022 after the submission of Springsurveydata
Works Approval	Submitted; under DWER assessment with approval expected in December
Project Management Plan	Currentlybeingupdated for re-submission byJuno
Mine Closure Plan	Approved July 2014; update submitted to DMIRS in November 2019
Environment Protection and Biodiversity Conservation (EPBC)Act	Malleefowl in project area however considered “Not a Controlled Action”; monitoring program agreed
Mount Mason Water Licence	Licence approved for 820,000kL p.a. until 2031

Project Approvals

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Logistics

Routes to Goldfields Highway:

• New haul road, mine site to Menzies NW Road, 28.2km

• Route to Yunndaga Rail Siding is via the Menzies NW road

• New Menzies bypass road to Yunndaga, 9.3km

Menzies Bypass to Yunndaga:

• –

• New rail crossing design to be done for Arc Infrastructure approval

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• New t-intersection to access

Goldfields Highway

Logistics

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Mount Ida Magnetite Project

• Large resource (1.85 billion tonnes) of magnetic lower grade ore that can be beneficiated to a produce high grade

• premium iron concentrate

• 100,000 metres drilling and significant metallurgical test work previously completed

• Project is at a technically advanced stage

• Granted mining lease

• Significant tenure holding for infrastructure and water exploration

• Potential to become a tier one long-life

• magnetite mine

Mount Ida Magnetite Project

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Juno’s Focus for FY2022

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Mount Mason DSO Project

• Secure all Project approvals

• All contracts in executable form with preferred contractors

• Secure port access, potentially Kwinana Bulk Terminal or Esperance Port

• Upon favourable iron ore prices and stability returning to the market, a financial investment decision to develop the Project

Mount Ida Magnetite Project

• test work on drill core to test an

• Preliminary metallurgical program existing alternate flow sheet

• Hydrogeological drill targeting review on current extensive water exploration tenements

Juno’s Focus for FY2022

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Annexures – JORC Tables

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MOUNT MASON MINERAL RESOURCE ESTIMATES

The following tables show the mineral resources estimates of the Mount Mason project in accordance with the JORC Code (2012) as at 30 June 2021. There has been no material between the date of the below statements and the end of the financial year. There have been no material changes since the last mineral resource estimate ( ASX announcement: 12 May 2021 ).

Classification	Tonnes	Fe (%)	SiO2 (%)	Al2O3 (%)	P (%)	S (%)	CaO (%)	MgO (%)	LOI (%)
Measured	4,800,000	60.3	7.37	2.90	0.05	0.01	0.03	0.04	2.63
Indicated	1,080,000	59.4	10.41	3.47	0.06	0.01	0.03	0.05	2.55
Inferred	320,000	58.4	14.10	4.37	0.08	0.01	0.03	0.06	2.88
Total Measured + Indicated	5,900,000	60.1	7.92	3.01	0.05	0.01	0.03	0.04	2.62

Annexures – JORC Tables

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Annexures – JORC Tables

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MOUNT IDA MINERAL RESOURCE ESTIMATES

The following tables show the mineral resources estimates of the Mount Ida project in accordance with the JORC Code (2012) as at 30 June 2021. There has been no material between the date of the below statements and the end of the financial year. There have been no material changes since the last mineral resource estimate ( ASX announcement: 12 May 2021 ).

	Central Zone based on Unweathered BIF with a 10% Magnetic Fe block grade cut-off	Central Zone based on Unweathered BIF with a 10% Magnetic Fe block grade cut-off	Central Zone based on Unweathered BIF with a 10% Magnetic Fe block grade cut-off	Central Zone based on Unweathered BIF with a 10% Magnetic Fe block grade cut-off	Central Zone based on Unweathered BIF with a 10% Magnetic Fe block grade cut-off	Central Zone based on Unweathered BIF with a 10% Magnetic Fe block grade cut-off	Central Zone based on Unweathered BIF with a 10% Magnetic Fe block grade cut-off	Central Zone based on Unweathered BIF with a 10% Magnetic Fe block grade cut-off	Central Zone based on Unweathered BIF with a 10% Magnetic Fe block grade cut-off	Central Zone based on Unweathered BIF with a 10% Magnetic Fe block grade cut-off	Central Zone based on Unweathered BIF with a 10% Magnetic Fe block grade cut-off
Zone/Class	Material	Tonnes x106	Fe(%)	SiO2(%)	Al2O3(%)	CaO(%)	P(%)	S(%)	LOI(%)	MgO(%)	MnO(%)
Central Indicated	In situ total	1,062	30.23	48.47	1.88	2.70	0.07	0.28	-0.56	3.00	0.07
	In situ Magnetic	38.45%	25.64	2.64	0.02	0.07	0.01	0.09	-1.14	0.05	0.01
	Concentrate	409	66.69	6.86	0.05	0.17	0.01	0.23	-2,97	0.12	0.02
Central Inferred	In situ total	169	27.03	51.68	2.40	2.92	0.07	0.31	-0.43	3.33	0.10
	In situ Magnetic	32.12%	21.31	2.34	0.02	0.06	0.01	0.10	-0.96	0.05	0.01
	Concentrate	54	66.34	7.28	0.05	0.17	0.02	0.32	-2.98	0.15	0.02
Central Total	In situ total	1,231	29.79	48.91	1.95	2.73	0.07	0.28	-0.54	3.05	0.08
	In situ Magnetic	37.58%	35.05	2.60	0.02	0.06	0.01	0.09	-1.12	0.05	0.01
	Concentrate	463	66.65	6.91	0.05	0.17	0.01	0.24	-2.97	0.12	0.02
	South and North Zone based on Unweathered BIF with a 10% Magnetic Fe block grade cut-off
Zone/Class	Material	Tonnes x106	Fe(%)	SiO2(%)	Al2O3(%)	CaO(%)	P(%)	S(%)	LOI(%)	MgO(%)	MnO(%)
South Indicated	In situ total	567	28.63	49.92	2.35	3.47	0.07	0.36	-0.65	2.76	0.09
	In situ Magnetic	34.26%	22.93	2.26	0.02	0.07	0.01	0.17	-1.02	0.05	0.01
	Concentrate	194	66.93	6.60	0.06	0.21	0.02	0.50	-2.96	0.14	0.03
North Inferred	In situ total	48	31.63	48.82	1.54	2.20	0.07	0.12	-0.84	2.07	0.06
	In situ Magnetic	42.36%	28.32	2.97	0.01	0.07	0.01	0.04	-1.32	0.05	0.02
	Concentrate	20	66.85	7.02	0.03	0.16	0.02	0.09	-3.11	0.13	0.05
North & South Total	In situ total	615	28.86	49.84	2.28	3.37	0.07	0.34	-0.67	2.71	0.09
	In situ Magnetic	34.89%	23.35	2.32	0.02	0.07	0.01	0.16	-1.04	0.05	0.01
	Concentrate	214	66.92	6.64	0.05	0.20	0.02	0.46	-2.98	0.14	0.04

Annexures – JORC Tables

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Annexures – JORC Tables

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MOUNT IDA MINERAL RESOURCE ESTIMATES (continued)

	Combined Central, South & North Zones based on Unweathered BIF with a 10% Magnetic Fe block grade cut-off	Combined Central, South & North Zones based on Unweathered BIF with a 10% Magnetic Fe block grade cut-off	Combined Central, South & North Zones based on Unweathered BIF with a 10% Magnetic Fe block grade cut-off	Combined Central, South & North Zones based on Unweathered BIF with a 10% Magnetic Fe block grade cut-off	Combined Central, South & North Zones based on Unweathered BIF with a 10% Magnetic Fe block grade cut-off	Combined Central, South & North Zones based on Unweathered BIF with a 10% Magnetic Fe block grade cut-off	Combined Central, South & North Zones based on Unweathered BIF with a 10% Magnetic Fe block grade cut-off	Combined Central, South & North Zones based on Unweathered BIF with a 10% Magnetic Fe block grade cut-off	Combined Central, South & North Zones based on Unweathered BIF with a 10% Magnetic Fe block grade cut-off	Combined Central, South & North Zones based on Unweathered BIF with a 10% Magnetic Fe block grade cut-off	Combined Central, South & North Zones based on Unweathered BIF with a 10% Magnetic Fe block grade cut-off
Zone/Class	Material	Tonnes x106	Fe (%)	SiO2(%)	Al2O3(%)	CaO (%)	P (%)	S (%)	LOI (%)	MgO (%)	MnO (%)
Central Indicated	In situ total	1,062	30.23	48.47	1.88	2.70	0.07	0.28	-0.56	3.00	0.07
	In situ Magnetic	38.45%	25.64	2.64	0.02	0.07	0.01	0.09	-1.14	0.05	0.01
	Concentrate	408	66.69	6.86	0.05	0.17	0.01	0.23	-2.97	0.12	0.02
Central Inferred	In situ total	784	28.47	50.24	2.31	3.28	0.07	0.34	-0.62	2.84	0.09
	In situ Magnetic	34.29%	22.91	2.32	0.02	0.07	0.01	0.15	-1.02	0.05	0.01
	Concentrate	269	66.81	6.77	0.05	0.20	0.02	0.43	-2.98	0.14	0.03
Central Total	In situ total	1,846	29.48	49.22	2.06	2.95	0.07	0.30	-0.58	2.94	0.08
	In situ Magnetic	36.68%	24.48	2.50	0.02	0.07	0.01	0.11	-1.09	0.05	0.01
	Concentrate	677	66.74	6.83	0.05	0.18	0.01	0.31	-2.97	0.13	0.03

Annexures – JORC Tables 13

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Consideration of Reports and Questions

Consideration of Reports and Questions

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Resolution 1: Adoption of Remuneration Report

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“That for the purposes of section 250R(2) of the Corporations Act and for all other purposes, the Remuneration Report contained in the Director’s Report for the financial year ended 30 June 2021 be adopted by the Company.”

FOR	76,400,175	98.18%
AGAINST	1,100,638	1.41%
ABSTAIN	62,907	-
OPEN	316,887	0.41%

Resolution 1: Adoption of Remuneration Report

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Resolution 2: Re-election of Director – Mr Priyank Thapliyal

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Resolution withdrawn

Resolution 2: Re-election of Director – Mr Priyank Thapliyal

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Resolution 3: Re-election of Director – Mr Hyung Nam Lee

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“That for the purposes of Listing Rule 14.4, clause 7.3 of the Constitution and for all other purposes, Mr Hyung Nam Lee, being a Director of the Company who retires in accordance with clause 7.3 of the Constitution and, being eligible, offers himself for re-election, be re-elected as a Director of the Company.”

FOR	79,990,571	95.88%
AGAINST	3,122,727	3.74%
ABSTAIN	92,148	-
OPEN	316,054	0.38%

Resolution 3: Re-election of Director – Mr Hyung Nam Lee

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Resolution 4: Re-election of Director – Mr Patrick Murphy

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“That for the purposes of Listing Rule 14.4, clause 7.3 of the Constitution and for all other purposes, Mr Patrick Murphy, being a Director of the Company who retires in accordance with clause 7.3 of the Constitution and, being eligible, offers himself for re-election, be re-elected as a Director of the Company.”

FOR	80,846,653	96.89%
AGAINST	2,276,960	2.73%
ABSTAIN	82,078	-
OPEN	315,809	0.38%

Resolution 4: Re-election of Director – Mr Patrick Murphy

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Resolution 5: Appointment of Auditor

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“That for the purposes of section 327B(1)(a) of the Corporations Act 2001 (Cth) and for all other purposes, Grant Thornton Audit Pty Ltd, having consented in writing to act in the capacity as auditors of the Company.”

FOR	81,760,828	97.95%
AGAINST	306,304	0.37%
ABSTAIN	55,061	-
OPEN	1,399,307	1.68%

Resolution 5: Appointment of Auditor 19

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Poll Voting Please completed as instructed

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