LODE RESOURCES LTD — Regulatory Filings 2021

Nov 9, 2021

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ASX Code: LDR
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High-Grade Brownfield Gold, Silver & Copper Projects

6 Underexplored Projects - 3 Projects Drill-Ready – Drilling Has Commenced

November 2021

Lode Resources Ltd | November 2021

Disclaimer

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.

Reference documents used in this presentation

1LDR Prospectus 14 April 2021 & LDR Supplementary Prospectus 6 May 2021

2LDR announcement 30 June 2021 titled “ASX Market Release - Admission and Quotation”

• 3LDR announcement 12 July 2021 titled “New gold mineralisation style discovered”

• 4LDR announcement 20 July 2021 titled “Further Assays Enhance & Expand Uralla Gold Project”

• 5LDR announcement 29 July 2021 titled “Lode Ramps Up Exploration at Uralla Gold Project”

6LDR announcement 15 September 2021 titled “Drilling Commences at Webbs Consol Silver Project”

• 7LDR announcement 5 October 2021 titled “Enhanced Drill Targets at Uralla Gold Project”

8LDR announcement 19 October 2021 titled “Significant sulphides intersected at Webbs Consol”

9LDR announcement 5 November 2021 titled “Lode Resources Adds New Projects To Base Metal Portfolio”

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Lode Resources Ltd | November 2021

2

Lode Resources – Directors & Management [1]

Andrew Van Heyst (Executive Chairman)

With more than 30 years’ experience in Institutional Equities and Advisory. 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 is currently an Executive Director at Bridge Street Capital Partners.

Ted Leschke (Managing Director)

With more than 30 years’ experience in resources industry including MD of ASX listed Equus Mining from start up to project development 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 worked as a resources analyst in stockbroking/funds management as well as a geologist in the mining industry.

Keith Mayes (Non-Exec Director)

With more than 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 is currently 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 25 years of geological corporate experience in Australia, North and South America and China. Was Project Manager for Bolnisi Gold NL’s Palmarejo silver/gold project in Mexico where he managed a program defining 3.1moz AuEq. 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 ASX listed Prospech Ltd, Jamieson Minerals Pty Ltd and Cipango Pty Ltd.

Mitchell Tarrant (Project Manager)

With more than 12 years’ experience in the resources sector working as a geologist in both exploration and mining roles with companies including Red River Resources, Hillgrove Mines and Crocodile Gold. His most recent roll was at the Hillgrove Mine where he was the holder of the statutory Mining Engineering Manager Certificate in recent years. Mitchell also managed Hillgrove’s 51 tenement and conducted all exploration from geological mapping to managing drilling campaigns. Mitchell is a member of the Australasian Institute of Mining and Metallurgy (AusIMM).

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Lode Resources Ltd | November 2021

3

Lode Resources – Introduction & Capital Structure

Overview[1,2]

Capital Structure[1,2]

• IPO raises $5,115,200 with Lode Resources Ltd & listed 2 July 2021 on ASX

• Focus on the highly prospective but very under explored New England Fold Belt

• ✓ 100% ownership of 6 brownfield gold, silver and copper projects

• ✓ Significant historical geochemistry and/or geophysics

• ✓ Demonstrated high grade mineralisation and/or potential for large mineral occurrences

• ✓ Under drilled and/or open ended mineralisation

• ✓ 6,000m drilling planned in first year post listing ✓ Drilling has commenced

• LDR’s Board and Management are very experienced in exploration and equity markets

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A$0.30

• Recent Share Price

• Cash $4.3m

• • Shares on Issue 79.97m

• • Market Capitalisation (at $0.30/share) $24.0m

• • Options ($0.30 strike price) 1.0m

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Just 37% free float
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Lode Resources Ltd | July 2021

4

New England Fold Belt – Highly Prospective but Very Under Explored[1]

• New England Fold Belt (FB) most significant mining period was from 1850s up to WWI

• Estimated output at today’s prices was US$7billion or up to 20% of the entire state’s GDP for that period

• There is just one currently operating metalliferous mines in the New England FB (Hillgrove)

• Mining company expenditure in 2018 was US$0.2b (mainly in coal) or 2.2% of US$10.7b for entire NSW

• 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

Area Metres (000's Holes Drilled sqkm) Drilled (000's m) New 91.1 5,497 493.3 England FB Lachlan FB 182.1 70,831 2,791.8

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New England & Lachlan New England & Lachlan FB
Fold Belts (FB) Gold, Silver & Copper Occurrences
200km
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New England & Lachlan FB Drill Holes

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Note paucity of drilling
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Lode Resources Ltd | November 2021

5

Lode Resources − Six Prospective Projects[1]

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NSW
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Project selection criteria:

• a. 100% ownership

• b. Significant historical geochemistry and/or geophysics

• c. Under drilled and/or open ended mineralisation

• d. Demonstrated high grade mineralisation and/or potential for large mineral occurrences

1. Uralla Gold – Intrusive Related Gold System (IRGS) constituting a significant gold field – drill ready

2. Webbs Consol Silver – High grade silver bearing lodes, 3 attractive targets – Drilling has commenced 6

3. Trough Gully (Fender) – VMS style copper deposit – drill ready

1. Elsinore – Large regional magnetic and IP anomaly plus base metals anomalies

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

3. Tea Tree – Underexplored goldfield

4. Sandon – Newly added Bundarra Copper Project and Abington Base Metal Project explorations targets

Project	Licence	Commodity	Units	Area (km2)	Status
Uralla	EL8980	Gold	80	237	Granted
Webbs Consol	EL8933	Silver	16	48	Granted
Fender	EL9003	Copper	76	223	Granted
Elsinore	EL9004	Copper	32	95	Granted
Tea Tree	EL9084	Gold	24	71	Granted
Thor	EL9085	Gold	78	231	Granted
Uralla West	EL9087	Gold	22	65	Granted
Sandon	ELA9319	Cu, Pb, Zn, Ag & Sb	273	758	Just Granted
			601	1,728

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Mt Carrington
Twin Hills Gold & Silver
Gold &
Silver
Webbs Consol
Silver Timbarra
Webbs Gold &
Silver Silver
Sandon
Base Metals
Elsinore
Thor Tea Tree Copper
Gold Gold
Uralla
Gold Hillgrove
Gold &
Rocky River Antinomy
Gold
Okapi Resources
Enmore Gold Discovery
Newmont Fender
Gold Copper
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Lode Resources Ltd | November 2021

6

Uralla Gold – Dominant position in a significant historic Goldfield[1]

• Located 8km W of the Uralla goldfield was one of the earlier goldfields discovered in NSW and a significant gold producer in the 1850’s. Lodes holdings cover over 300sq km’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/SIR2007-5289-A.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 large Type B targets

• Examples of significant intercepts to date[1] :

• Martin’s Shaft

  • 14.0m @ 4.83 g/t Au (incl. 3.0m @ 6.94 g/t Au) - SGRDD002

  • 11.0m @ 5.38 g/t Au (incl. 6.0m @ 8.30 g/t Au) - SGRDD004

  • 18.5m @ 2.41 g/t Au (incl. 4.0m @ 4.81 g/t Au) - SGRDD008

  • 8.0m @ 5.40 g/t Au - SGRDD014

• Bannawerra Discovery

  • 13.9m @ 1.45 g/t - ZK0701

  • 4.9m @ 2.75 g/t - SGRDD036

• Targeting 2 IRGS mineralisation styles[1] :

• A. Veins and felsic dykes - individual deposit target size: 100koz to 500koz

• B. Cupola structures – target size: 500koz to 1moz

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“Bonanza”
Dyke
Main Area of
Interest
Bannawerra
Discovery
Hudson’s Prospect
Martin's Shaft
Major N-S
Structure
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Lode Resources Ltd | November 2021

7

Uralla Gold Project[1]

Target rich

Solid gold grades at surface

Limited historical drill with high grade gold intercepts

Drill ready

Hudson’s Prospect[1,3,4,5,7]

Frazer’s Find[1]

• Multi element soil anomaly: Au (up to 1.3ppm), As, Ba Pb & Zn

  • Up to 76.90 g/t Au 1 and 1,110 g/t Ag in waste dumps

• Intercept of major structures in waste dumps

• • Disseminated gold mineralisation • Very poor discovery by Lode recoveries in

• • Approx. area 1,000m x 500m previous shallow • 56 chip samples averaged 3.29 drilling g/t • IP chargeability

• • Au, up to 8.03 g/t Au anomaly detected • Primary Drill Target on single line

• Bannawerra Discovery[1] • Discrete soil anomaly with elevated Au, As, Pb & Sb in soils Martin's Shaft[1]

• • 1.5km long structure • Best drill results to date McCrossin’s • Chip samples up to 2.3 g/t Au • Remains open down dip Prospect[1] and west

• • Shallow drill intercepts • Broad intercepts with • Multi element soil include: high grade core anomaly with elevated • 13.9m @ 1.45 g/t Au • 14.0m @ 4.83 g/t Au As, Ba, Pb values • 4.9m @ 2.75 g/t Au • 11.0m @ 5.38 g/t Au • Significant radiometrics • 18.5m @ 2.41 g/t Au - KThU anomaly IP Survey Lines • 8.0m @ 5.40 g/t Au • Untested by drilling • IP chargeability • Significant IP anomaly detected chargeability anomaly down dip detected on 6 lines

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8 Lode Resources Ltd | November 2021

Hudson’s Prospect[1,3,4,5,7]

Disseminated gold mineralisation discovered by LDR

56 chip samples average 3.29 g/t Au, up to 8.03 g/t Au

Primary Drill Target

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Early Drill Target - 1 Early Drill Target - 2
Early Drill Target - Other - gold in outcrop - gold in outcrop IP Inversion Chargeability Modelling
- gold in outcrop Sample ID Au g/t
Sample ID Au g/t
Sample ID Au g/t S26A 4.74 S29(6) 7.58 Line 6611600N
R148 7.46 H6 3.78
R40 6.31
R121 4.72 S26D 2.92
R39 5.06
R87 3.54 S26B 3.30
R153 4.64
R99 3.20 R35 2.84
R124 4.54
R102 2.09 S26C 1.16
R55 4.29
R106 1.86 S344 1.14 R154 3.77 9 mV/V9 mV/V
R147 1.76 S345 1.11
R152 3.76
R123 1.56
R69 3.22
R109 1.36
R111 3.10 Line 6611450N
R105 1.33
R36 2.73
R107 1.22
R65 2.69
R149 1.00
R155 2.45
R156 2.17
R110 2.10
R37 2.03 9 mV/V
R91 1.96
R57 1.34
R151 1.08 Line 6611300N
12 mV/V12 mV/V
Early Drill Target - 3
- gold in outcrop
Sample ID Au g/t Line 6611150N
R28 8.03
R7 7.09
R52 6.38
R96 5.67
R71 5.53 16 mV/V16 mV/V
R4 5.29
R98 4.59
R54 4.12
R77 3.85 Blind Drilling Line 6611000N
R80 3.51
R70 2.90
R73 2.47
R141 1.69
R140R139 1.611.55 12 mV/V12 mV/V
R138 1.48
R97 1.29
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9 Lode Resources Ltd | November 2021

ospect1,3,4,5,7 2 le vectors including: surface outcrop maly	1.30 g/t in soil 1.15 g/t in soil 0.84 g/t in soil	Line 6611450N	Early Drill Target - 2 -gold in outcrop Sample ID Au g/t S29(6) 7.58 R40 6.31 R39 5.06 R153 4.64 R124 4.54 R55 4.29 R154 3.77 R152 3.76 R69 3.22 R111 3.10 R36 2.73 R65 2.69 R155 2.45 R156 2.17 R110 2.10 R37 2.03 R91 1.96 R57 1.34 R151 1.08	Early Drill Target - 2 -gold in outcrop Sample ID Au g/t S29(6) 7.58 R40 6.31 R39 5.06 R153 4.64 R124 4.54 R55 4.29 R154 3.77 R152 3.76 R69 3.22 R111 3.10 R36 2.73 R65 2.69 R155 2.45 R156 2.17 R110 2.10 R37 2.03 R91 1.96 R57 1.34 R151 1.08	Early Drill Target - 2 -gold in outcrop Sample ID Au g/t S29(6) 7.58 R40 6.31 R39 5.06 R153 4.64 R124 4.54 R55 4.29 R154 3.77 R152 3.76 R69 3.22 R111 3.10 R36 2.73 R65 2.69 R155 2.45 R156 2.17 R110 2.10 R37 2.03 R91 1.96 R57 1.34 R151 1.08	Early Drill Target - 2 -gold in outcrop Sample ID Au g/t S29(6) 7.58 R40 6.31 R39 5.06 R153 4.64 R124 4.54 R55 4.29 R154 3.77 R152 3.76 R69 3.22 R111 3.10 R36 2.73 R65 2.69 R155 2.45 R156 2.17 R110 2.10 R37 2.03 R91 1.96 R57 1.34 R151 1.08	Early Drill Target - 2 -gold in outcrop Sample ID Au g/t S29(6) 7.58 R40 6.31 R39 5.06 R153 4.64 R124 4.54 R55 4.29 R154 3.77 R152 3.76 R69 3.22 R111 3.10 R36 2.73 R65 2.69 R155 2.45 R156 2.17 R110 2.10 R37 2.03 R91 1.96 R57 1.34 R151 1.08	Early Drill Target - 2 -gold in outcrop Sample ID Au g/t S29(6) 7.58 R40 6.31 R39 5.06 R153 4.64 R124 4.54 R55 4.29 R154 3.77 R152 3.76 R69 3.22 R111 3.10 R36 2.73 R65 2.69 R155 2.45 R156 2.17 R110 2.10 R37 2.03 R91 1.96 R57 1.34 R151 1.08	Early Drill Target - 2 -gold in outcrop Sample ID Au g/t S29(6) 7.58 R40 6.31 R39 5.06 R153 4.64 R124 4.54 R55 4.29 R154 3.77 R152 3.76 R69 3.22 R111 3.10 R36 2.73 R65 2.69 R155 2.45 R156 2.17 R110 2.10 R37 2.03 R91 1.96 R57 1.34 R151 1.08	Early Drill Target - 2 -gold in outcrop Sample ID Au g/t S29(6) 7.58 R40 6.31 R39 5.06 R153 4.64 R124 4.54 R55 4.29 R154 3.77 R152 3.76 R69 3.22 R111 3.10 R36 2.73 R65 2.69 R155 2.45 R156 2.17 R110 2.10 R37 2.03 R91 1.96 R57 1.34 R151 1.08
			Early Drill Target - 2
			-gold in outcrop
			Sample ID	Au g/t
			S29(6)	7.58
			R40	6.31
			R39	5.06
			R153	4.64
			R124	4.54
			R55	4.29
			R154	3.			77
			R152	3.			76
			R69			3.22
			R111			3.10
			R36			2.73
			R65			2.69
			R155			2.45
			R156			2.17
			R110			2.10
			R37			2.03
			R91			1.96
			R57		1.34
			R151		1.08
Chargeability anomaly Chip Samples up to 7.58 g/t Au, Soils up to 1.30g/t3,4,7 Line 6611450N Magnetic anomaly Planned 1st Phase Drilling	Chip Samples up to 7.58 g/t Au, Soils up to 1. Magnetic anomaly

Hudson’s Prospect[1,3,4,5,7] - Drill Target 2

Drilling to test multiple vectors including: 1/ high grade gold in surface outcrop 2/ solid gold soil anomaly 3/ mag anomaly 4/ IP anomaly

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10 Lode Resources Ltd | November 2021

Martin's Shaft − Extension Potential to be Tested by Drilling [1]

• Previous drilling at the Martin's Shaft prospect has produced medium - high grade gold intercepts results

• Deposit occurs where Major N-S Structure bisects local felsic intrusive dyke. This generates brittle deformation in contrast to ductile deformation of the surrounding Sandon beds

Hole	**Interecpt **	Grade
	m	glt
SGRDD0021	14	4.83
incl.	3	6.94
and	2	18.95
SGRDD0041	11	5.38
incl.	6	8.30
SGRDD0141	8	5.40
incl.	8	5.40
SGRDD0081	18.5	2.71
SGRRC0041	11	5.38
incl.	6	8.30
SGRDD0101	35	1.10
incl.	5	3.30

• Confirms IRGS model for Uralla goldfield and open ended mineralisation provides early drill target

• IP inversion modelling show chargeability anomaly at 150m, 50m below deepest intercept – drill ready

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100m Planned 1 [st] Phase Drilling Line 347700E
incl. 8 5.40
SGRDD008 [1] 18.5 2.71
SGRRC004 [1] 11 5.38
IP Chargeability High - Potential
Extension to Martin’s Shaft Gold incl. 6 8.30
Mineralisation
13 mV/V SGRDD010 [1] 35 1.10
incl. 5 3.30
2011
Drilling
IP Chargeability High –
Potential Blind Solid drill
Mineralisation ?
intercepts
Interpreted
Fault
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Lode Resources Ltd | November 2021

11

Webbs Consol Silver[1]

• Located 16km WSW of Emmaville, Webbs Consol was discovered in 1890 with intermittent mining up to the mid 1950’s

• Several mine shafts worked for high grade galena and silver content only with zinc mineralisation discarded. Sampling shows potential for –

• high grade silver and zinc mineralisation drilling has commenced[6]

• Late Permian Emmaville Volcanics and undifferentiated Early Permian sediments intruded by Webbs Consol Leucogranite

• Epithermal mineralisation occurring in ‘en échelon’ vertical pipe like bodies at intersection of main N-S shear and secondary NE-SW fractures

• Identified drill targets:

1. Down dip extension below Webbs Consol Main Shaft and NNE along strike. Non-JORC UG channel samples taken within the mineralised envelope on Level 3 indicated open ended high-grade mineralisation at 60m depth

2. Lucky Lucy - IP anomaly & insitu mineralisation 400m N of main workings

3. Webbs Consol North - Geochem anomaly & insitu mineralisation 1km N of main workings

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Drill Target - Webbs Consol North Highly anomalous soils
ASample g & Pb in ID grab samAg g/tples Pb % Not e = Potential extension
R157 149 1.88 1
R165R163 12684 5.215.63 11 Webbs Consol North
WC11 82 4.47 2
28702 69 2.95 2
R166 65 6.56 1
WC2 54 0.85 2
28707 54 2.80 2
R161 47 0.61 1
28708 39 1.30 2
28703 34 0.35 2
WC10 32 1.84 2 Drill Target - Lucky Lucy
R164 28 2.55 1 Ag & Pb in grab samples
R160WC6 2523 0.402.12 21 Sample ID Ag g/t Pb % Not e
28715 272 0.09 2
R162 20 1.59 1
R173 130 0.02 1
28709 19 1.27 2 R169 70 0.20 1
R167 16 0.98 1 WC18 60 0.22 2
28717 37 0.85 2
R174 34 0.05 1
R172 33 0.03 1
Lucky Lucy R171 27 0.55 1
28713 21 0.12 2
28714 19 0.04 2
28716 18 0.11 2
Webbs Consol
Drill Target - Webbs Consol CentralAg, Pb & Zn in grab samples Main Shaft
Sample ID Ag g/t Pb % Zn % Not e
R176 2230 7.34 32.5 1
R177 289 18.65 0.9 1
R182 99 6.92 0.1 1
R178 94 3.36 3.6 1
R180 64 0.20 0.0 1
R181 21 2.34 3.8 1
R179 20 0.80 0.5 1
R183 14 0.63 0.3 1
Webbs Consol Central
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Lode Resources Ltd | November 2021

12

Webbs Consol Silver – Significant Sulphides Intersected Main Shaft[8]

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West East
Stoped Drill hole
Ore
Webbs Consol WSC006
60m Main shaft
? 27.5 metre intercept (104.6
metres to 132.1 metres)
containing an estimated 15%
sphalerite ((Zn,Fe)S), 1% galena
(PbS) and 0.5% chalcopyrite
?
(CuFeS2). Significant silver
mineralisation is also expected
to be shown in assays.
EOH
188.7m
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•
•
•
27.5 metre
intercept
•
•
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• Sulphides zones intersected in first 6 drills holes at Webbs Consol Silver Project

• Significant zinc, lead and copper mineralisation observed in drill core with associated silver mineralisation also expected

Best intercept to date is 27.5 metres containing an estimated 15% sphalerite, 1% galena and 0.5% chalcopyrite drill hole WCS006. Estimated true width is 14.2 metres

• Mineralisation styles encountered range from coarse sulphide blebs to massive irregular sulphide veins

• • Drilling ongoing testing down dip extensions and additional project targets

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Lode Resources Ltd | November 2021

13

Fender Copper[1]

• 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

• Mineralisation typically Fe rich, then Cu and lesser Zn as major metals. Cu typically ranges 2% to 4.5%, although exceptionally rich ore from Fisher’s mine averaged 13.4% Cu[1]

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Kasey Copper Anomaly
(7km x 3km)
30 km
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Fold Copper
Anomaly (4km x 2km)
Spring Creek Fault
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• Identified drill targets:

• 1. 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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Lode Resources Ltd | November 2021

14

Trough Gully Historical Workings – Drill Ready [1]

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Longitudinal Section
North South
?
?
?
?
?
?
?
Cu mineralisation open along strike & down dip.
Historical sampling of working extremities: 8 samples
averaged 2.2% Cu, 1.2% Zn, 13 g/t Ag [1]
1966 IP survey detected anomaly indicating
mineralisation extends to at lest 75m depth
75 m
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15 Lode Resources Ltd | November 2021

Trough Gully Copper Mine[1]

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Line 2
Pseudo Section
`
IP Line 2
50 metre planned
drill spacing
IP Line 1
IP Line 3
Line 1
Pseudo Section
Line 3
Pseudo Section
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Lode Resources Ltd | November 2021

16

Greenfield Opportunities: Thor Gold[1] & Tea Tree Gold[1]

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 Au[1]

• 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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17 Lode Resources Ltd | November 2021

New Projects Recently Added To Base Metal Portfolio[9]

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

Bundarra Copper Project

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

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Outcropping mineralisation
Gravity anomaly Elevated copper
the two most prominent explorations targets coincident with with no min e and workings
copper anomaly - contamination
• not drilled
Extensive historic surface work means minimal preliminary work
needed for drill target definition
Abington Base Metal Project
Bundarra Bundarra
Copper Mine Copper Mine
Drilling only
targeted Fe/Si
Gossan
Elevated copper in
Significant silver
Significant gravity soils with mine
anomaly anomaly coincident contamination
with copper
anomaly - not drilled
Bouger Gravity Elevated copper
with no mine
(milligals)
contamination
Significant silver
anomaly
Copper in soils (ppm)
0 200m 0 200m
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Lode Resources Ltd | November 2021

18

Lode Resources − 3 Drill Ready Projects: Gold, Silver & Copper[1]

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NSW Mt Carrington
Twin Hills Gold & Silver
Gold &
Silver
Webbs Consol
Silver Timbarra
Webbs Gold &
Silver Silver
drill ready Sandon
– High grade silver bearing lodes, 3 attractive targets - Drilling has commenced Base Metals
Elsinore
– VMS style copper deposit – drill ready Thor Tea Tree Copper
Gold Gold
Uralla
Gold Hillgrove
Gold &
Planned 2021 Planned 2022
Rocky River Antinomy
Project Licence Commodity Diamond Diamond Total Gold
Drilling (m) Drilling (m)
Uralla EL8980 & EL9087 Gold 3,000 4,000 7,000 Okapi Resources
Enmore Gold Discovery
Webbs Consol EL8933 Silver 1,500 2,000 3,500
Fender EL9003 Copper 1,500 2,000 3,500 Newmont Fender
Elsinore EL9004 Copper 500 500 Gold Copper
Tea Tree EL9084 Gold 500 500
Thor EL9085 Gold 500 500
6,000 9,500 15,500
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a. 3 projects drill ready

• b. Targeting gold, silver and copper mineralisation

• c. Brownfield status defined by historical mining and significant surface work

• d. Under drilled and/or open ended mineralisation

• e. Drilling commences 3Q21

1. Uralla Gold – Intrusive Related Gold System (IRGS) constituting a significant gold field – drill ready

2. Webbs Consol Silver – High grade silver bearing lodes, 3 attractive targets - Drilling has commenced

3. Trough Gully (Fender) – VMS style copper deposit – drill ready

1. Elsinore – Large regional magnetic and IP anomaly with anomalous base/precious metals in geochemical sampling

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

6.	Tea Tree–				Planned 2021	Planned 2022
	Underexplored goldfield	Project	Licence	Commodity	Diamond Drilling (m)	Diamond Drilling (m)	Total
7.	Sandon –	Uralla	EL8980 & EL9087	Gold	3,000	4,000	7,000
8.	Newly added projects -	Webbs Consol	EL8933	Silver	1,500	2,000	3,500
	▪ Bundarra Copper	Fender	EL9003	Copper	1,500	2,000	3,500
	▪ Abington Base Metal	Elsinore	EL9004	Copper		500	500
		Tea Tree	EL9084	Gold		500	500
		Thor	EL9085	Gold		500	500
					6,000	9,500	15,500

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19 Lode Resources Ltd | November 2021

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ASX Code: LDR

Contact ted@loderesources.com Managing Director – Ted Leschke November 2021

Lode Resources Ltd | November 2021