LODE RESOURCES LTD — Investor Presentation 2024

Jun 20, 2024

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High-Grade Silver, Gold & Base Metal Projects

On-Going High Impact Exploration Success in a Tier 1 Jurisdiction

121 Group Investor Presentations – Singapore, Hong Kong, London, New York

June 2024

ASX:LDR

Disclaimer

Competent Person’s Statement

The material in this presentation contains certain technical information, including regarding possible or assumed future performance or potential growth of mineral deposits. Such information is not a guarantee of future performance and involve unknown risks and uncertainties, as well as other factors, many of which are beyond the control of Lode Resources Limited (‘Lode’). Actual results and developments may differ materially from those expressed or implied by these forward-looking statements depending on a variety of factors. No representation or warranty, expressed or implied, is made or given by or on behalf of Lode, any of Lode’s directors, or any other person as to the accuracy or completeness or fairness of the information or opinions contained in this presentation and no responsibility or liability is accepted by any of them for such information or opinions or for any errors, omissions, misstatements, negligent or otherwise, or for any communication written or otherwise, contained or referred to in this presentation. Accordingly, neither Lode nor any of the Lode directors, officers, employees, advisers, associated persons or subsidiary undertakings shall be liable for any direct, indirect or consequential loss or damage suffered by any person as a result of relying upon the statement or as a result of any admission in, or any document supplied with, this presentation or by any future communications in connection with such documents and any such liabilities are expressly disclaimed. Nothing in this material should be construed as either an offer to sell or a solicitation of an offer to buy or sell securities.

Competent Person’s Statement

The information in this Report that relates to Exploration Results and Conceptual Exploration Targets is based on information compiled by Mr Mitchell Tarrant, who is a Member of the Australian Institute of Geoscientists. Mr Tarrant, who is the Project Manager for Lode Resources, has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Tarrant has a beneficial interest as option holder of Lode Resources Ltd and consents to the inclusion in this Report of the matters based on the information in the form and context in which it appears.

Silver Equivalent Grades Used for Webbs Consol Silver Project[1]

Since the commencement of drilling at Webbs Consol Silver Project it was deemed that silver was the appropriate metal for equivalent calculations as silver is the most common metal to all mineralisation zones. This is still the case however zinc is becoming increasing dominant with depth and therefore LDR has decided to calculated both silver and zinc equivalent grades to demonstrate overall grades. Webbs Consol silver and zinc equivalent grades are based on assumptions: AgEq(g/t)=Ag(g/t)+32.3Zn(%)+27.5Pb(%)+107Cu(%)+87.1Au(g/t) & ZnEq(g/t)=0.031Ag(g/t)+Zn(%)+0.850Pb(%)+0.2.694Cu(%)+2.57Au(g/t) calculated from 12 February 2024 (previously 29 August 2022) spot metal prices of US$22.7/oz silver, US$2325/t zinc, US$2060/t lead, US$8100/t copper, US$2020/oz gold and metallurgical recoveries of 97.3% silver, 98.7%, zinc, 94.7% lead, 76.3% copper and 90.8% gold which is the 4th stage rougher cumulative recoveries in test work commissioned by Lode and reported in LDR announcement 14 December 2021 titled “High Metal Recoveries in Preliminary Flotation Test work on Webbs Consol Mineralisation”. It is Lode’s opinion that all the elements included in the metal equivalents calculation have a reasonable potential to be recovered and sold.

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Most recent reference documents used in this presentation

LDR announcement 31 May 2022 titled “High grade silver-lead-zinc drill results” LDR announcement 2 June 2022 titled “Drilling Intersects 26.5m of Lead-Zinc-Silver Mineralisation” LDR announcement 21 June 2022 titled “Over 1,000g/t Silver Eq Intercepted at Tangoa West” LDR announcement 23 June 2022 titled “Another Thick (31.0m) Intercept of Sulphide Mineralisation” LDR announcement 7 July 2022 titled “Further Mineralised Lodes Discovered at Webbs Consol” LDR announcement 18 July 2022 titled “Most Significant Drill Intercepts to Date at the Webbs Consol” LDR announcement 25 July 2022 titled “Mineralisation Extended to 150m Depth at Webbs Consol” LDR announcement 17 August 2022 titled “Completion of Placement”

LDR announcement 18 August 2022 titled “Phase II Drilling to Commence at Webbs Consol” LDR announcement 21 September 2022 titled “Phase II Drilling Commences at Webbs Consol” LDR announcement 4 October 2022 titled “Webbs Consol Silver Project area expanded four-fold” LDR announcement 11 October 2022 titled “Phase II Drilling Intersects 47m of Sulphide Mineralisation” LDR announcement 26 October 2022 titled “Sixth Sulphide Lode Discovered at Silver Project” LDR announcement 8 November 2022 titled “1,899 g/t Silver Eq Intercepted at Copy Cat Lode Discovery“ LDR announcement 17 January 2023 titled “54m High grade Silver Eq Intercept” LDR announcement 1 February 2023 titled “Outstanding High-Grade Drill Intercept” LDR announcement 27 February 2023 titled “Diamond Drilling Program Recommences at Webbs Consol” LDR announcement 18 May 2023 titled “High-Grade Drill Intercepts at Webbs Consol” LDR announcement 13 June 2023 titled “High-Grade Mineralisation Extended to 280m Vertical Depth” LDR announcement 6 July 2023 titled “New Targets Defined at Webbs Consol Silver Project ” LDR announcement 18 July 2023 titled “CSIRO Collaboration Study”

LDR announcement 10 August 2023 titled “Webbs Consol Silver Project Exploration Update” LDR announcement 9 October 2023 titled “High-Grade Drill Intercepts At Webbs Consol Silver Project” LDR announcement 16 October 2023 titled “Significant Drill Target Defined at WC Silver Project” LDR announcement 22 November 2023 titled “Drilling Commences On Large Surface Silver Anomaly” LDR announcement 19 February 2024 titled “Drilling at Webbs Consol North Delivers Solid Silver-Zinc Intercepts” LDR announcement 12 March 2024 titled “Significant Auger Drill Program Completed At Uralla Gold Project” LDR announcement 9 April 2024 titled “CSIRO Research Enhances Upside at Webbs Consol Silver Project” LDR announcement 8 May 2024 titled “Augur Drilling Defines Multiple Targets at Uralla Gold Project” LDR announcement 18 June 2024 titled “Silver Drilling to Resume at Webbs Consol”

No Material Changes

The Company confirms it is not aware of any new information or data that materially affects the information included in this presentation and that all material assumptions and technical parameters underpinning the exploration activities in this market announcements continue to apply and have not materially changed.

Lode Resources Ltd | June 2024 2

Overview

Lode Resources listed 2 July 2021 on ASX (ASX Code: LDR)

Focus on the New England Fold Belt

Fully Funded for upcoming programs

100% ownership of 6 Silver, Base Metal & Gold projects

Webbs Consol Silver, flagship project #1 - multiple high-grade silver-zinc intercepts Best 5 intercepts: 116.1m @ 721 g/t AgEq (WCS045) 149.2m @ 455 g/t AgEq (WCS052A) 65.8m @ 755 g/t AgEq (WCS050) 24.5m @ 971 g/t AgEq (WCS047) 40.2m @ 466 g/t AgEq (WCS052B)

Uralla Gold, flagship project #2 – multiple high-grade gold intercepts Best intercepts: 14.0m @ 4.82 g/t Au within 26.0m @ 2.80 g/t Au (SGRDD002) 7.0m @ 7.47 g/t Au within 18.0m @ 3.51 g/t Au (SGRDD004) Board and Management are highly experienced in exploration and equity markets

Lode Resources Ltd | June 2024 33

Directors & Management

Andrew Van Heyst Executive Chairman

With more than 30 years’

experience in Institutional Equities and Advisory. Andrew has worked at Merrill Lynch in New York as Head of Australian Sales and for ABN AMRO as Head of Australian Sales and Head of Americas Client Account Management for Global Equity product.

In 2005 Andrew moved back to Australia joining Shaw and Partners as a Corporate Advisor focussing on Small Cap resources and was recently Executive Director at Bridge Street Capital Partners.

Ted Leschke

Managing Director

Ted has more than 30 years’ experience in the resources industry including MD of ASX listed companies that have been advance from start-up to project development and stock market listing.

Covering areas such as project identification, acquisition and generation, geological mapping, exploration drilling, local community and government liaison, financial management, strategy, fund raisings, ASX listing and statutory reporting.

Previously he worked as a resources analyst in stockbroking and funds management as well as a geologist in the mining industry.

Keith Mayes

Non-Exec Director

Keith has over 30 years’ experience in the resources sector in exploration, business development, operational and financial roles with major mining companies including North Ltd, Newmont, Rio Tinto and Oxiana in Australia, Europe, Middle East and Africa.

Keith was formerly GM of RDG subsidiary Australian Garnet and formerly COO at ASX listed KGL Resources that is undertaking exploration and development of the large Jervois copper/silver/gold project in central Australia and COO at Altura Mining Ltd where he discovered the world class Pilgangoora lithium deposit.

Jason Beckton

Non-Exec Director

With more than years of geological corporate experience in Australia, Europe, the Americas and Asia. Jason was Project Manager for Bolnisi Gold NL’s Palmarejo silver/gold project in Mexico where he managed a program defining 3.1moz AuEq.

He also managed the discovery of Exeter Resource Corp’s 30 moz AuEq Caspiche Porphyry prospect in the Maricunga Gold Copper Belt of Chile.

Previously MD of ASX listed Chinalco Yunnan Copper Resources exploring the Mt Isa, Lao and Chilean copper districts. Holds BSc (Hons) Melbourne and a Masters of Economic Geology from the University of Tasmania. Currently Managing Director of Prospech Ltd (ASX:PRS) and a Corporate Advisor to Baker Young Stockbrokers Ltd.

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Lode Resources Ltd | June 2024 4

Corporate Snapshot

Share Price Price (A$/sh)

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$0.50
$0.45
$0.40
$0.35
$0.30
$0.25
$0.20
$0.15
$0.10
$0.05
$0.00
Corporate Structure
Share Price (12/4/24) A$0.09
Cash (March Qtr 2023) $2.8m
Shares on Issue 106.8m
Market Capitalisation (at $0.11/share) $9.6m
Listed Options ($0.24 strike price expiring August 24) 13.3m
Unlisted Options ($0.24 strike price expiring December 24) 1.4m
Unlisted Options ($0.40 strike price expiring February 25) 2.5m
Unlisted Options ($0.24 strike price expiring December 25) 1.0m
22-Jun-22 22-Jul-22 22-Aug-22 22-Sep-22 22-Oct-22 22-Nov-22 22-Dec-22 22-Jan-23 22-Feb-23 22-Mar-23 22-Apr-23 22-May-23 22-Jun-23 22-Jul-23 22-Aug-23 22-Sep-23 22-Oct-23 22-Nov-23 22-Dec-23 22-Jan-24 22-Feb-24 22-Mar-24 22-Apr-24 22-May-24
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Major Shareholders	Major Shareholders
ANDREW VAN HEYST	17.2%
TED LESCHKE	16.8%
INSTITUTIONAL INVESTORS:
TECHNICAL INVESTING	4.2%

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35%
Directors &
management
65%
Free Float
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Lode Resources Ltd | June 2024 5

– New England Fold Belt Highly Prospective but Very Under Explored

New England Fold Belt (NEFB) most significant mining period was from 1850’s up to WWI Estimated US$7billion output at today’s prices or up to 20% of the entire state’s GDP for that period Mining company expenditure in 2021 was $0.3b (mainly in coal) or 2.1% of $14.6b for entire NSW Newmont Gold and FMG Resources now active in the area

Current in situ resource value is estimated to be just 2% of the entire state due a lack of exploration New England FB has just 1 exploration hole for every 13 holes drilled in the Lachlan FB

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New England & Lachlan New England & Lachlan FB
Fold Belts (FB) Gold, Silver & Copper Occurrences
200km
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Area Metres
(000's Holes Drilled
sqkm) Drilled (000's m)
New England FB 91.1 5,497 493.3
Lachlan FB 182.1 70,831 2,791.8
New England & Lachlan FB
Drill Holes
Note paucity of drilling
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Lode Resources Ltd | June 2024 6

Six Prospective Projects

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NSW
Twin Hills
Gold & Silver Mt Carrington
Gold & Silver
FMG Resources
Timbarra
Gold & Silver
Webbs Consol
Silver Webbs
Silver
Sandon
Base Metals
Thor Tea Tree
Gold Gold
Uralla
Gold Hillgrove
Gold & Antinomy
Rocky River
Gold
Okapi Resources
Enmore Gold Discovery
Fender
Newmont
Gold Copper/Zinc
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	Project	Licence	Commodity	Units	Area (km2)	Status
	Webbs Consol	EL8933	Silver/Zinc/Lead	16	48	Granted
	Webbs Consol Expanded	EL9454	Silver/Zinc/Lead	53	155	Granted
	Uralla	EL8980	Gold	80	237	Granted
	Uralla West	EL9087	Gold	22	65	Granted
	Fender	EL9003	Copper/Zinc	76	223	Granted
	Tea Tree	EL9084	Gold	24	71	Granted
	Thor	EL9085	Gold	78	231	Granted
	Sandon	EL9319	Cu, Pb, Zn, Ag & Sb	273	758	Granted
				622	1,788

1. Webbs Consol Silver – High grade Silver, Zinc, Lead bearing lodes – Excellent high-grade drill results

2. Uralla Gold – Intrusive Related Gold System (IRGS) constituting a significant gold field – Solid early drill results

3. Trough Gully (Fender) Base Metals – High grade Zn, Cu (Au) VMS style copper deposit – Solid early drill results

1. Thor – Large gold anomaly potentially associated with high level intrusions or major regional fault structures

2. Tea Tree – Underexplored goldfield

3. Sandon – Bundarra Copper Project and Abington Base Metal Project exploration targets

Lode Resources Ltd owns a 2% Net Smelter Royalty (NSR) and Right of First Refusal over Thomson Resources Ltd’s 100% owned Webbs Silver Project (EL5674) which contains a significant undeveloped JORC Mineral Resource Estimate of 2.2Mt @ 205 g/t AgEq for a contained 14.2 Moz AgEq and is located 10m to the NE of Webbs Consol.

Lode Resources Ltd | June 2024

7

− Silver & Base Metals Webbs Consol Silver Project

Webbs Consol Main Shaft

Location: 16km west-south-west of Emmaville.

History: Discovered in 1890, intermittent mining activity until mid-1950s.

Host Geology: Webbs Consol

• Leucogranite, intruded Late Permian Emmaville Volcanics and Early Permian sediments.

Deposit Style: High-grade

Silver/Zinc/Lead lodes hosted in Webbs Consol Leucogranite.

• Processing: Very high metallurgical recoveries in preliminary bulk conc flotation test

LDR Exploration :

• Extensive geophysical surveys – Gravity, Drone Magnetics, Downhole EM (DHEM), LiDAR, Loupe TEM, CSIRO study

• Mapping and geochemical sampling

• Detailed lithological and structural interpretations

• Drilling achieving multiple thick highgrade Silver/Zinc/Lead intercepts

• Several Silver/Zinc/Lead lodes tested/delineated to date

• Currently drilling substantial geochemical anomaly defined at Webbs Consol North

• An example of an obvious drill target not tested by previous explorers

• LDR achieved 27.5m @ 357 g/t AgEq from 104.6m in first drill hole

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North
Webbs Consol
mined stopes
Open-ended high-grade
mineralisation at 60m depth:
12 samples averaged 210g/t
Ag, 22.6% Zn and 2.74% Pb
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?
? Main lode
remained open at
Mineralised veins in depth
face and conductive
Early Drill
anomaly to north
Target
indicate potential new
lode along strike and ?
at depth
?
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Lode Resources Ltd | June 2024 8

− Silver & Base Metals Webbs Consol Silver Project

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Webbs Consol Silver Project N
located within EL8933 - recently
renewed for max. 6 years
LDR controls 203 km [2] in the
Emmaville area
FMG Resources Pty Ltd
LDR controls 1,788 km [2 ] in the
New England Fold Belt
FMG Resources Pty Ltd
FMG Resources Pty Ltd
Webbs Consol Leucogranite
• A metalliferous engine room
• Reflected as a significant Webbs Consol
regional gravity low FMG Resources Pty Ltd
• Entire unit is prospective for Silver Project
Tangoa West style Webbs Consol 203 km [2]
mineralisation Leucogranite
• Only 3km of 12km long contact explored in detail to date Lode Resources LtdEL8933 Camrons Creek Prospect Legend
Bakers Claim
Prospect
Isolation
Lode Resources Ltd
Prospect
EL9454
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Lode Resources Ltd | June 2024 9

Webbs Consol Silver Project − Multiple Lodes Discovered

WCS070: 21.0m @ 122 g/t AgEq N Emmaville Volcanics WCS071: 13.0m @ 193 g/t AgEq WCS072: 34.0m @ 82 g/t AgEq WCS074: 20.0m @ 83 g/t AgEq

Grab samples: 126.0 g/t Ag, 84.2 g/t Ag, 81.9 g/t Ag, 64.6 g/t Ag, 32.1 g/t Ag and 27.6 g/t Ag

Webbs Consol WCS008: 21.2m @ 44 g/t AgEq Leucogranite WCS009: 10.0m @ 77 g/t AgEq WCS026: 34.3m @ 46 g/t AgEq WCS029: 30.5m @ 41 g/t AgEq

WCS006: 27.5m @ 357 g/t AgEq WCS007: 24.2m @ 273 g/t AgEq WCS028: 43.6m @ 83 g/t AgEq

WCS012: 12.1m @ 282 g/t AgEq

WCS023: 50.0m @ 224 g/t AgEq WCS031: 47.4m @ 112 g/t AgEq

Webbs Consol WCS034: 20.5m @ 210 g/t AgEq Leucogranite WCS035: 13.7m @ 214 g/t AgEq

WCS019: 26.7m @ 351 g/t AgEq WCS020: 31.0m @ 192 g/t AgEq WCS044: 54.0m @ 245 g/t AgEq WCS045: 116.1m @ 721 g/t AgEq WCS047: 24.5m @ 971 g/t AgEq WCS049: 44.2m @ 221 g/t AgEq WCS050: 65.8m @ 755 g/t AgEq WCS051 : 30.7m @ 289 g/t AgEq WCS052A: 149.2m @ 455 g/t AgEq WCS052B: 40.2m @ 466 g/t AgEq WCS064: 27.7m @ 407 g/t AgEq WCS065: 33.2m @ 332 g/t AgEq

Very high-grade drill core from Tangoa West 2

Drill hole WCS052A: 7.9m @ 1,716 g/t AgEq or 53.11% Zn (from 202.2m) within: 149.2m @ 455 g/t AgEq or 14.09% Zn (from 98.0m)

1,451 g/t AgEq or 44.91% ZnEq 1,948 g/t AgEq or 60.30% ZnEq 2,805 g/t AgEq or 86.80% ZnEq 1,200 g/t AgEq or 37.14% ZnEq 2,609 g/t AgEq or 80.73% ZnEq 2,495 g/t AgEq or 77.20% ZnEq 1,433 g/t AgEq or 44.33% ZnEq 1,109 g/t AgEq or 34.30% ZnEq 930 g/t AgEq or 28.79% ZnEq 1,325 g/t AgEq or 41.00% ZnEq

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Lode Resources Ltd | June 2024 10

Tangoa West – High-Grade Lode Remains Open At Depth and Along Strike

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Vertical Section View High-grade core from Tangoa West
South North 2
Drill hole WCS064: 0.7m @ 1,896 g/t AgEq or 58.68% ZnEq (from 222.4m)
Drill Hole WCS044 Drill Hole WCS020 within: 27.7m @ 407 g/t AgEq or 12.06% ZnEq (from 203.3m)
54.0m @ 245 g/t AgEq or 7.57% ZnEq 31.0m @ 192 g/t AgEq or 5.95% ZnEq
Sphalerite (Zn,Fe)S)
Drill Hole WCS019
26.7m @ 351 g/t AgEq or 10.86% ZnEq Burgundy colour = low iron
Drill Hole WCS051
30.7m @ 289 g/t AgEq or 8.95% ZnEq
Plan View
Drill Hole WCS049 N
44.2m @ 221 g/t AgEq or 6.85% ZnEq
300 metres ?
vertical depth
Drill Hole WCS050 Drill Hole WCS052A Drill Hole WCS052B
Drill Hole WCS047 65.8m @ 755 g/t AgEq or 23.37% ZnEq 149.2m @ 455 g/t AgEq or 14.09% ZnEq ?
24.5m @ 971 g/t AgEq or 30.06% ZnEq
?
Drill Hole WCS045 Drill Hole WCS052A Drill Hole WCS020 ? Drill Hole WCS065
116.1m @ 721 g/t AgEq or 22.33% ZnEq 149.2m @ 455 g/t AgEq or 14.09% ZnEq 31.0m @ 192 g/t AgEq or 5.95% ZnEq
?
Drill Hole WCS064 ? Drill Hole WCS064
27.7m @ 407 g/t AgEq or 12.60% ZnEq 27.7m @ 407 g/t AgEq or 12.60% ZnEq
Drill Hole WCS064
27.7m @ 633 g/t AgEq
Drill Hole WCS052B ?
40.2m @ 466 g/t AgEq or 14.41% ZnEq ? Drill Hole WCS051
Legend 30.7m @ 289 g/t AgEq or 8.95% ZnEq
AgEq g/t
0 to 10
10 to 100100 to 300300 to 500500 to 711>711 ? ? Drill Hole WCS045116.1m @ 721 g/t AgEq or 22.33% ZnEq116.1m @ 721 g/t AgEq or 22.33% ZnEq LegendAgEqAgEq g/t0 to 1010 to 1000 to 1010 to 10010 to 100
? 100 to 300300 to 500300 to 500
Drill Hole WCS065 Drill Hole WCS050 500 to 711
33.2m @ 332 g/t AgEq or 10.26% ZnEq 65.8m @ 755 g/t AgEq or 23.37% ZnEq >711
300m depth
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Plan View
N
300 metres ?
vertical depth
Drill Hole WCS052A Drill Hole WCS052B
149.2m @ 455 g/t AgEq or 14.09% ZnEq ? 40.2m @ 466 g/t AgEq or 14.41% ZnEq
?
Drill Hole WCS020 ?
Drill Hole WCS065
31.0m @ 192 g/t AgEq or 5.95% ZnEq
33.2m @ 332 g/t AgEq or 10.26% ZnEq
?
Drill Hole WCS064
27.7m @ 407 g/t AgEq or 12.60% ZnEq
Drill Hole WCS051
30.7m @ 289 g/t AgEq or 8.95% ZnEq
Drill Hole WCS045116.1m @ 721 g/t AgEq or 22.33% ZnEq116.1m @ 721 g/t AgEq or 22.33% ZnEq LegendAgEqAgEq g/t0 to 1010 to 1000 to 1010 to 10010 to 100
100 to 300300 to 500300 to 500
Drill Hole WCS050 500 to 711
65.8m @ 755 g/t AgEq or 23.37% ZnEq >711
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Lode Resources Ltd | June 2024 11

Webbs Consol Silver Project − CSIRO Research Enhances Upside

CSIRO research has enhanced upside at the Webbs Consol Silver project. Findings include :

• ➢ Structural analysis of Tangoa West and other prospects has identified potential areas of lateral extensions to mineralisation. This has significant implications for scale and greatly assists drill target planning.

• ➢ Through 3D models and the use of innovative geochemical indicators, validated by thorough mineralogical and mineral ‐ chemical analyses, CSIRO have successfully discerned distinct mineralisation styles and ore zones, thereby providing essential knowledge for improved mineral exploration at Webbs Consol.

• ➢ The relative depth of the differing styles of alteration appears constant at all prospects suggesting very limited rotation or block faulting and likely preservation of mineralisation around the entire perimeter of the Webbs Consol Leucogranite.

• ➢ A comprehensive understanding of mineral deposit genesis has been gained by integrating structural, geochemical, mineralogical, and mineral ‐ chemical data. This enables the direct comparison with other similar deposits.

• ➢ The successful outcomes of this research underscores the significance of multi ‐ scale and multi ‐ technique characterisations to constrain deposit parameters essential for mineral exploration.

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Drill Hole Assays
AgEq g/t
Modelled 5.0% Zn anisotropic iso- Modelled 5.0% Zn anisotropic iso-
surfaces Based on drill assays, alteration surfaces Based on drill assays, alteration
vectors and dominant controlling vectors and dominant controlling
structures structures
Drill
Target
300
metres Drill
depth
Target
Drill Hole WCS052
149.2m @ 455 g/t AgEq or 14.09% ZnEq
& 40.2m @ 466 g/t AgEq or 14.41% ZnEq
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Lode Resources Ltd | June 2024 12

Webbs Consol North − Planned Follow-Up Drilling

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RC Drill Hole WCS070
21.0m @ 122 g/t AgEq or 3.76% ZnEq
incl. 7.0m @ 317 g/t AgEq or 9.82% ZnEq
incl. 3.0m @ 592 g/t AgEq or 18.33% ZnEq
RC Drill Hole WCS071
Emmaville 13.0m @ 193 g/t AgEq or 5.97% ZnEq
Volcanics incl. 4.0m @ 573 g/t AgEq or 17.74% ZnEq
incl. 2.0m @ 779 g/t AgEq or 24.10% ZnEq
Webbs Consol
Leucogranite
RC Drill Hole WCS072
34.0m @ 82 g/t AgEq or 2.54% ZnEq
incl. 7.0m @ 304 g/t AgEq or 9.42% ZnEq
incl. 2.0m @ 519 g/t AgEq or 16.06% ZnEq
RC Drill Hole WCS070
21.0m @ 122 g/t AgEq or 3.76% ZnEq
incl. 7.0m @ 317 g/t AgEq or 9.82% ZnEq
incl. 3.0m @ 592 g/t AgEq or 18.33% ZnEq
WCS073 did not reach target depth
All widths are down hole & grade
bar heights are logarithmic
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• ➢ Numerous prospects are still at the early exploration stage

• ➢ Webbs Consol North prospect target initially defined by geochemical sampling of soil and subcrop as well as Loupe TEM survey

• ➢ First pass shallow RC drilling delivers significant silver and zinc mineralisation in several drill holes.

• ➢ Similar to initial drill intercepts encountered at Tangoa West Lode where follow-up drilling produced spectacular intercepts down to 300m vertical depth

• ➢ Considerably larger area potentially representing multiple lodes or a larger mineralised body

• ➢ Webbs Consol North is a further addition to a portfolio of several mineralise lodes discovered to date over a strike length of 3.5km at the Webbs Consol Silver Project

• ➢ Follow-up drill programme to infill drill spacing as well as test extensions at depth at Webbs Consol North and Castlereagh. New discovered Canoon prospect (100m long pseudo-gossan with grab samples up to 126.0 g/t Ag) will also be tested with drilling

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Lode Resources Ltd | June 2024 13

− Webbs Consol Silver Project Drill Target Inventory

	Drill Target Development	Drill Target Development	Drill Target Development	Drill Target Development	Drill Target Development	Drill Target Development	Drill Target Development	Drill Target Development	Drill Target Development	Drill Target Development	Drill Target Development	Drill Target Development	Drill Target Development
	Tangoa West	Main Shaft	Mt Galena	Castle- reagh	Copy Cat	Lucky Lucy Nth	Canoon - New Gossan	Loupe #1 (WC North)	Loupe# 2	Loupe# 3	Loupe #4	Loupe #5	Loupe #6
Resources Drilling	
Definition Drilling	
Extension Drilling	 ✓&							
Scout Drilling	✓	✓	✓	✓	✓	✓		✓
Rock Geochemistry	✓	✓	✓	✓	✓	✓	✓	✓					
Soil/Regolith Geochemistry	Outcropping Mineralisation/Workings							✓					
Geophysics - Loupe								✓	✓	✓	✓	✓	✓

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Lode Resources Ltd | June 2024 14

Uralla Gold Project – Dominant Position In A Significant Goldfield

• ➢ The Uralla goldfield was one of the earlier goldfields discovered in NSW and a significant gold producer in the 1850’s. LDR’s holdings cover over 300 sqkm’s

• ➢ Uralla Granodiorite and other intrusives, which intrude Yarrowyck Granodiorite and Sandon Beds, are believed to be responsible for gold mineralisation in the Uralla Goldfield

• ➢ Characteristics of an Intrusive Related Gold System (IRGS) only been recently recognised. Tintina Gold Province of Alaska and Yukon is the best known example of a IRGS with >50Moz of Au defined over the last 15 years − See https://pubs.usgs.gov/sir/2007/5289/SIR2007-5289A.pdf

• ➢ “Bonanza” Dyke, N-S Structure and Felsic dykes appear to be strong controlling features within the Uralla goldfield. Zonation of indicator metals Bi, As, Sb, Cu, Zn and Pb is a potential tool for vectoring towards larger targets

• ➢ Preliminary drill results show significant gold intercepts, highlighting the Project’s potential.

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Hole No.	From	To	Interval	Gold	Target		Major N-S Structure “Bonanza” Dyke Main Area of Interest Hudsons Prospect Group LDR controls 302 sq kms McCrossins Prospect Group
	(m)	(m)	(m)	(g/t)
SGRDD002	15.0	41.0	26.0	2.80	Martin Shaft
incl.	24.0	38.0	14.0	4.82
SGRDD004	52.0	70.0	18.0	3.51	Martin Shaft
incl.	57.0	64.0	7.0	7.47
SGRDD014	16.0	36.0	20.0	2.33	Martin Shaft
incl.	21.0	29.0	8.0	5.40
SGRDD008	73.0	97.0	24.0	1.88	Martin Shaft
incl.	73.5	92.0	18.5	2.41
SGRDD010	78.0	113.0	35.0	1.10	Martin Shaft
incl.	84.0	89.0	5.0	3.29
SGRRC004	4.0	28.0	24.0	1.60	Martin Shaft
incl.	13.0	23.0	10.0	3.00
KTN010	12.0	27.0	15.0	2.09	Dyke
incl.	15.0	22.0	7.0	3.65
incl.	15.0	19.0	4.0	4.18
SGRRC017	76.0	102.0	26.0	1.20	Martin Shaft
Hole No.	From	To	Interval	Gold	Target
	(m)	(m)	(m)	(g/t)
SGRRC003	25.0	54.0	29.0	1.21	Martin Shaft
incl.	39.0	45.0	6.0	2.90
SGRDD003	29.0	62.0	33.0	0.91	Martin Shaft
incl.	37.0	44.0	7.0	2.83
SGRRC001	0.0	27.0	27.1	1.06	Martin Shaft
incl.	15.0	24.0	9.0	2.41
SGRRC006	35.0	52.0	17.0	1.61	Martin Shaft
incl.	37.0	44.0	7.0	3.54
SGRRC035	90.0	112.0	22.0	1.15	Martin Shaft
SGRRC005	23.0	38.0	15.0	1.60	Martin Shaft
incl.	25.0	32.0	7.0	3.13
SGRRC011	46.0	64.0	18.0	0.95	Martin Shaft
incl.	57.0	63.0	6.0	2.23
SGRRC036	82.0	90.0	8.0	2.20	Martin Shaft
KTN007	68.0	82.0	14.0	1.24	Gum Tree
incl.	73.0	75.0	2.0	2.04
and	77.0	80.0	3.0	2.21
KTN007	96.0	100.0	4.0	0.76

Lode Resources Ltd | June 2024 15

Hudsons Prospect Group – Multiple Walk-up Drill Targets

• ➢ Hudsons Prospect Group has been ➢ DroneMag enhances structural the main focus of exploration to date at interpretation at the Hudsons Prospect Uralla Group

• ➢ Hudsons Prospect Group is a large mineral system (1,000m x 500m) with multiple targets

• ➢ Dilation or tensions zones are conduit for gold bearing solutions

• ➢ Bonanza Dyke appears to be a major

• ➢ Disseminated gold mineralisation controlling structure despite having no discovered through methodical field outcrop work

• ➢ 1,159 auger drill holes delineate

• ➢ Anomalous arsenic in soils linked to numerous gold anomalies, with assays gold mineralisation & visual up to 1,300 ppb Au, each representing arsenopyrite in outcrop equals gold a prospective drill target grade – very useful exploration tool

• ➢ Follow-up drill programme currently

• ➢ Surface chip samples reveals being designed widespread multiple gold zones despite 80-90% cover

• ➢ Early drill programs yields solid intercepts

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North Prospect
Drill Target
West Prospect
Drill Target
Tension Structure
Red Gum Prospect
Drill Target
Tension Structure
Dyke Prospect
Drill Target
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Lode Resources Ltd | June 2024 16

Hudsons Prospect Group – Multiple Walk-up Drill Targets

West East Martins Shaft Prospect Drill Target Mineralised envelope Drill Target Long Section

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Gumtree Prospect KTN007: 14.0m @ 1.24 g/t Au from 68m KTN005: 10.0m @ 1.32g/t Au from 9m KTN006: 16.0m @ 0.79g/t Au from 10m Dyke/Gracie Prospects KTN010: 15.0m @ 2.09g/t Au from 12m KTN011: 5.0m @ 1.04 g/t Au from 16m KTN012: 6.0m @ 0.75g/t Au from 39m Circular feature potentially representing an intrusive stock at depth Martins Shaft Prospect (intercepts > 24 g.m) SGRDD002: 26.0m @ 2.80 g/t Au from 15.0m SGRDD004: 18.0m @ 3.51 g/t Au from 52.0m SGRDD014: 20.0m @ 2.33 g/t Au from 16.0m SGRDD008: 24.0m @ 1.88 g/t Au from 73.0m SGRDD010: 35.0m @ 1.10 g/t Au from 78.0m SGRRC004: 24.0m @ 1.60 g/t Au from 4.0m SGRRC017: 26.0m @ 1.20 g/t Au from 76.0m SGRRC003: 29.0m @ 1.21 g/t Au from 25.0m SGRRC003: 33.0m @ 0.91 g/t Au from 29.0m SGRRC001: 27.1m @ 1.06 g/t Au from 0.0m SGRRC006: 17.0m @ 1.61 g/t Au from 35.0m SGRRC035: 22.0m @ 1.15 g/t Au from 90.0m SGRRC005: 15.0m @ 1.60 g/t Au from 23.0m

Lode Resources Ltd | June 2024 17

Hudsons Prospect Group – Walk-up Drill Targets & Potential at Depth

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Dyke Lode anomaly
KTN010: 15.0m @ 2.09g/t Au from 12m
Circular feature potentially KTN011: 5.0m @ 1.04 g/t Au from 16m
representing an intrusive KTN012: 6.0m @ 0.75g/t Au from 39m
stock at depth
Untested
anomalies
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Lode Resources Ltd | June 2024 18

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Lode Resources Ltd Level 5, 1 Margaret Street, Sydney, NSW, 2000 info@loderesources.com.au

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(Appendix I) Fender Copper/Zinc

• ➢ Located 30km SE of Tamworth

• ➢ Surface exploration carried out by several companies since the 1960s comprising stream/soil, surface mapping, IP and magnetics however no drilling has occurred

• ➢ Significant copper values in stream sampling over two large areas (Kasey 7km x 3km, Fold 4km x 2km). Coincides with distinct large magnetic ridges and adjacent to Spring Creek fault

• ➢ Magnetic anomalies may represent large fold structures which provides tension regime for fissure infilling of remobilised copper mineralisation

• ➢ Late Devonian-Early Carboniferous Myra and Sandon Bed, inter-fingered Permian basalt, jasper and chert

• ➢ 21 copper occurrences of VMS origin have been recorded over 30km strike length and are hosted within steeply dipping shear zones that have a close spatial relationship with jasper, chloritised metabasalt and less resistant argillaceous chert

• ➢ 21 copper occurrences of VMS origin have been recorded over 30km strike length and are hosted within steeply dipping shear zones that have a close spatial relationship with jasper, chloritised metabasalt and less resistant argillaceous chert

• ➢ Mineralisation typically Fe rich, then Cu and Zn as major metals. Cu typically ranges 2% to 4.5%, although exceptionally rich ore from Fisher’s mine averaged 13.4% Cu. Zn was sought after during the late 1800’s and early 1900’s and as such was not highlighted in historical records

• ➢ Identified drill targets:

• ➢ Four copper mines – walk up drill targets, never drilled

• ➢ Two large drainage anomaly targets based on regional stream/soil geochemical and magnetic surveys. Large anomaly suggest potential for sizeable occurrence

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Kasey Copper Anomaly (7km x
3km)
Fold Copper Anomaly (4km x
2km)
Spring Creek Fault
30 km
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Lode Resources Ltd | June 2024 20

(Appendix I) Trough Gully Copper/Zinc

• ➢ Phase I drilling program returns significant Cu & Zn assays plus consistent Au & Ag credits at Trough Gully Copper Mine, including TGY007 intercept 30m below old workings

• ➢ TGY007: 7.30m @ 9.47% ZnEq from 92.1m

• ➢ (4.93% Zn, 1.37% Cu, 0.36 g/t Au & 10.1 g/t Ag)

• ➢ TGY003: 6.90m @ 9.21% ZnEq from 50.9m

• ➢ (4.49% Zn, 1.30% Cu, 0.50g/t Au & 17.4g/t Ag)

• ➢ This is the first modern drill program at the historic Trough Gully Copper Mine, part of Lode’s 100%-owned Fender Copper Project

• ➢ Intersecting significant copper and zinc mineralisation at shallow depths in a first pass drill programme has implications for other prospects such as the very large Kasey Cu anomaly

• ➢ Significant, previously under-recognized zinc mineralisation indicates the mineral potential of Trough Gully may have been highly underestimated

• ➢ Rougher flotation recoveries up to 97.5% for Zn, 98.8% for Cu, 97.2% for Au and 98.8% for Ag in a preliminary single product bulk concentrate

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South North
TGY001: 7.5m
anomalous Cu & Zn
Mined
Ore
TGY004: Line of lode was not
intercepted potentially due to
fault offset
TGY003: 6.90m @ 9.21% ZnEq
TGY005: Line of lode was not
intercepted potentially due to
TGY006: 2.80m @ @ 2.61% ZnEq fault offset
TGY007: 7.30m @ 9.47% ZnEq
Open Open
Open
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Lode Resources Ltd | June 2024 21

(Appendix I) New Projects Recently Added To Base Metal Portfolio

• ➢ Recent granting of Exploration Licence No. 9319 (“Sandon”) increases Lode’s Exploration Licence area by 78%

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Bundarra Copper Project
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• ➢ Bundarra Copper Project and Abington Base Metal Project are the two most prominent exploration targets

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most prominent exploration targets Elevated copper
Gravity anomaly with no mine
➢ Extensive historic surface work means minimal preliminary work coincident with contamination
copper anomaly -
needed for drill target definition not drilled
Abington Base Metal Project
Bundarra Bundarra
Drilling only Copper Mine Copper Mine
targeted Fe/Si
Gossan
Significant silver
anomaly Elevated copper in
Significant gravity soils with mine
anomaly coincident contamination
with copper anomaly
- not drilled
Elevated copper
Bouger Gravity with no mine
(milligals) contamination
Significant silver
anomaly
Copper in soils (ppm)
0 200m 0 200m
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Lode Resources Ltd | June 2024 22

(Appendix I) Greenfield Opportunities: Thor Gold & Tea Tree Gold

Thor Gold

• ➢ Radiometric imagery shows thorium signatures potentially indicating shallowly buried or just unroofed granites and/or areas of related alteration. Intrusive related gold deposits are spatially associated with moderately reduced granites of felsic to intermediate composition.

• ➢ Alternatively major structures such as the Plagyan fault may tap deep crustal fault systems providing a suitable environment for epizonal orogenic gold deposition

• ➢ Source of 2km gold in drainage anomaly unexplained at Maules Creek

• ➢ Newmont has pegged ground with similar geology

• Tea Tree Gold ➢ Historical goldfield with 21 historical workings. 93 rock chip samples averaged 2.42 g/t Au. Highest value 152g/t Au1

• ➢ One drill hole returned 6.3 g/t Au over 2m from 35m but no follow up

• ➢ No systematic soil sampling or ground geophysics

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Lode Resources
Out cropping
mineralisation and
workings
Thor Gold
• Maules Creek has
EL9084
2km gold anomaly
• No drilling
EL9085
• Zones of
elevated Th
Tea Tree Gold
• 21 historical workings
• 93 rock chip samples
averaged 2.42 g/t Au [1]
• Highest value 152g/t Au [1]
• One drill hole returned 2m @
6.3 g/t Au [1] but no follow up
Newmont
EL9085
30 km
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Lode Resources Ltd | June 2024 23