LCL RESOURCES LIMITED — AGM Information 2025

Jun 4, 2025

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ANNUAL GENERAL MEETING WEBINAR DISCUSSION

CHRIS VAN WIJK – 5 JUNE 2025

Disclaimer

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General Information and Disclaimer

This presentation has been prepared for the purposes of providing information to the recipient regarding LCL Resources Limited (LCL or the Company). It does not, and does not purport to, contain all the information that the recipient may require to evaluate the Company. It should be read in conjunction with LCL’s other periodic and continuous disclosure announcements, which are available at www.asx.com.au.

No representation or warranty is given as to, and the recipient must not rely on, any information, statement or opinion contained in this presentation, or its accuracy, reasonableness or completeness. Except for statutory liability which cannot be excluded, each of LCL, its affiliates, directors, employees, advisers and agents expressly disclaims any responsibility for the accuracy or completeness of the material contained in this presentation and excludes all liability whatsoever for any loss or damage of any kind arising as a result of the use of, or reliance on, the information in this presentation.

This presentation does not take into account the investment objectives, financial situation or particular needs of any investor, potential investor or any other person. No investment decision should be made in reliance on this presentation. Independent financial and taxation advice should be sought before making any investment decision.

Forward Looking Statements

This presentation may contain certain forward-looking statements and projections regarding estimated, resources and reserves; planned production and operating costs profiles; planned capital requirements; and planned strategies and corporate objectives.

Forward-looking statements are subject to a variety of known unknown risks, uncertainties and other factors that could cause actual events or results to materially differ from those reflected in the forward- looking statements, including, without limitation: inherent uncertainties and risks associated with mineral exploration; uncertainties related to the availability of future financing necessary to undertake activities on LCL’s properties; uncertainties related to the possible recalculation of, or reduction in LCL’s minerals resources; uncertainties related to the outcome of studies; uncertainties relating to fluctuations in gold prices; the risk that LCL’s title to its properties could be challenged; risks related to LCL’s ability to attract and retain qualified personnel, uncertainties related to general economic and global financial conditions; uncertainties related to the competitiveness of the industry; risk associated with LCL being subject to government regulation, including changes in regulation; risks associated with LCL being subject to environmental laws and regulations, including a change in regulation; risks associate with LCL’s need for governmental licenses, permits and approvals; uninsured risks and hazards; risk related to the integration of businesses and assets acquired by LCL; risk associated with LCL having no history if earnings or production revenue; risks associated with fluctuation in foreign exchange rates; risks related to default by joint venture parties (if any), contractors and agents, inherent risks associated with litigation; risk associated with potential conflicts of interest; risk related to effecting service or process on directors resident in foreign countries; uncertainties related to LCL’s limited operating history; risks related to LCL’s lack of a dividend history; risks relating to short term investments; uncertainties related to fluctuations in LCL’s share price and completion of planned transactions.

LCL’s forward-looking statements are based on the assumptions, beliefs, expectations and opinions of management as of the date hereof and which LCL believes are reasonable in the circumstances, but no assurance can be given that these expectations will prove to be correct. These assumptions include but are not limited to that LCL’s exploration of its properties and other activities will be in accordance with LCL’s public statements and stated goals, that there will be no material adverse change affecting LCL or its properties, anticipated costs and timing for LCL’s activities and such other assumptions as set out herein. Such forward looking statements/projections are estimates for discussion purposes only and should not be relied upon. They are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors many of which are beyond the control of the Company. The forward-looking statements/projections are inherently uncertain and may therefore differ materially from results ultimately achieved. The Company does not make any representations, provides no warranties concerning the accuracy of the forward-looking statements and disclaims any obligation to update or revise any forward-looking statements based on new information, future events.

Outline

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1. Annual General Meeting

1. Binding Option Agreement

2. Who is Tiger Gold Corp

3. Why vote Yes

4. Next Steps

5. Shareholder Q&A

Annual General Meeting

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Resolutions

The Annual General Meeting ( AGM ) is to be held on Monday, 9 June 2025 at Level 1, 389 Oxford Street, Mount Hawthorn

RESOLUTION 1 – ADOPTION OF REMUNERATION REPORT

RESOLUTION 2 – ELECTION OF A DIRECTOR – CHRISTOPHER KNEE RESOLUTION 3 – APPROVAL OF 7.1A MANDATE

RESOLUTION 4 – APPROVAL FOR DIRECTOR PARTICIPATION IN PLACEMENT – CHRISTOPHER KNEE RESOLUTION 5 – APPROVAL FOR DIRECTOR PARTICIPATION IN PLACEMENT – CHRISTOPHER VAN WIJK RESOLUTION 6 – APPROVAL TO INCREASE MAXIMUM SECURITIES UNDER INCENTIVE PLAN RESOLUTION 7 - RENEWAL OF PROPORTIONAL TAKEOVER PROVISIONS IN THE CONSTITUTION RESOLUTION 8 - APPROVAL FOR PURPOSES OF LISTING RULE 11.4

Binding Option Agreement

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Re-negotiated Amended Transaction up to $14 million (40% increase)[1] (Resolution 8)

LCL Resources executed a Binding Share Purchase Option Agreement with Tiger Gold Corp ( Tiger ) for the sale option of its Andes Gold Project and the Quinchia Gold Project ( Colombian Assets ) (the Option )

Amended Transaction Terms

Tiger has agreed to increase the total consideration payable to A$14 million payable as follows:

• $1.0 million on notice of exercise of the Option;

• • $2.0 million within 8 months of exercise of the Option;

• $4.5 million within 12 months of exercise of the Option; and

• • $6.5 million upon the first gold pour from the Colombian Assets.

As well as a 1% net smelter royalty (NSR) over the Colombian Assets following satisfaction of the existing RMB Royalty.

1. ASX Announcement – 7 May 2025

Who is Tiger Gold Corp?

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Private, Canadian Based Exploration & Development Company

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Tiger Gold Corp is a highly accomplished team with experience in advancing, developing, and operating mining projects around the world, including Colombia.

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Led by CEO Robert Vallis and a team of mining professionals with global experience at mining giants including AngloGold Ashanti, Barrick Gold, Yamana Gold, and B2Gold.

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Secured commitments to cover the costs of the transaction as well as to aggressively advance and expand the project over the next 18 months.

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Financially and technically backed by leading capital market partners, globally recognised cornerstone investors and and internationally recognised engineering firms.

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Directors with a long track record of creating billions of dollars of shareholder value with over 35 years in the mining industry.

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Dedicated to responsibly building upon and advancing the Quinchia project and Colombian stakeholder relationships to benefit all stakeholders —from local communities to shareholders.

• Slide provided by Tiger Gold

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Project Advancement Roadmap

2025/26 – Advance multiple project areas towards Feasibility Study

• Update existing resources to fully NI 43-101 compliance (In Progress)

• Complete a NI 43-101 compliant Preliminary Economic Assessment (In progress)

• Resume resource drilling to upgrade and expand the current resources at Teso, Dos Quebradas and Miraflores. (Q4 2025/Q1 2026)

• Initiate resource drilling for the new Ceibal and Chuscal discoveries (Q4 2025/Q1 2026)

• Initiate multiple engineering work programs (Environmental, Permitting, Metallurgical, Geotechnical, etc)

• Resume and expand community and social engagement programs

• Initiate stakeholder consultation processes

2026/27 – Complete Feasibility Study & Construction Decision

• Complete pre-feasibility trade-off work to ensure the optimal pathway for the feasibility study work program

• Initiate and complete the Feasibility Study

• Advance all project aspects in parallel as required to achieve feasibility-level technical de-risking

• Advance all permitting required to support the feasibility project towards a Construction Decision.

• Slide provided by Tiger Gold

Why Vote Yes to the sale of the Colombian assets?

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Sale Option Approved

Sale Option Rejected

• Immediate A$1.0 million cash injection

• Removal of all Colombian holding costs

• Additional staged payments totaling A$6 million over next 12 months

• Ownership only transfers to Tiger upon receipt of all staged payments - low risk for LCL

• LCL is well capitalised to fund PNG exploration and seek new ventures

• Binding Option Agreement stays on foot for 6 months – no ability to restart sale process

• LCL retains Colombian assets and associated holding costs

• LCL needs to re-start operations to keep licences in good standing (significant expenditure required)

• Very low appetite from Australian investors for ongoing investment in Colombia – likely reflected in further share price weakness

Next Steps

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• Annual General Meeting – 10:00am (WST) Monday, 9 June 2025

• Board recommends voting in favour of the Resolutions

• Proxies already received are overwhelmingly favourable on all resolutions

• Chairman/Proxy intends to vote in favour of transaction

• First payment due to LCL within one week and Tiger assumes management of Colombia operations immediately.

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Q&A