LODE RESOURCES LTD — Regulatory Filings 2021

Jul 5, 2021

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ASX Code: LDR

High-Grade Brownfield Gold, Silver & Copper Projects

6 Underexplored Projects - 3 Projects Drill-Ready

July 2021

Lode Resources Ltd | July 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.

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Uralla
Gold
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Fender
Copper
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2 Lode Resources Ltd | July 2021

Lode Resources – Directors & Management

Andrew Van Heyst (Executive Chairman) −Director from 18 November 2019

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) −Director from 18 November 2019

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) −Director from 10 March 2020

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) −Director from 29 September 2020

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 | July 2021

3

Lode Resources – Introduction & Capital Structure

Overview

Capital Structure

• IPO raises $5,115,200 with Lode Resources Ltd (LDR) listing on 2 July 2021

• IPO Share Price

• Cash

A$0.20

$5.1m[1]

• 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

• ✓ 3 projects drill ready

• ✓ 6,000m drilling planned this year

• Drilling preparations are well advanced

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

• Shares on Issue 79.97m

$15.99m

• Market Capitalisation (at $0.20/share)

• Options ($0.30 strike price)

• 1.0m

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37% free float
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1 Before IPO Costs

Refer LDR Prospectus 14 April 2021 p35 & LDR Supplementary Prospectus 6 May 2021

Lode Resources Ltd | July 2021

4

New England Fold Belt – Highly Prospective but Very Under Explored

• 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

• 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

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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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Refer LDR Prospectus 14 April 2021 p38 & LDR Supplementary Prospectus 6 May 2021

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Lode Resources Ltd | July 2021

5

Lode Resources − Six Prospective Projects

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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 - 3 projects drill ready

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 - drill ready

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

	Project Uralla Webbs Consol Fender	Licence EL8980 EL8933 EL9003	Commodity Gold Silver Copper	Units 80 16 76	Area (km2) 237 48 223	Status Granted Granted 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
				328	970

– 6. Tea Tree

Underexplored goldfield

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Mt Carrington
Twin Hills Gold & Silver
Gold &
Silver
Webbs Consol Timbarra
Silver Gold &
Webbs Silver
Silver
Elsinore
Thor Copper
Gold Tea Tree
Gold
Uralla
Hillgrove
Gold
Rocky River Gold &
Gold Antinomy
Newmont Fender
Gold Copper
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Refer LDR Prospectus 14 April 2021 p36 & LDR Supplementary Prospectus 6 May 2021

Lode Resources Ltd | July 2021

6

Uralla Gold – Dominant position in a significant historic Goldfield

• 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:

• Martin’s Shaft

  • 14.0m @ 4.83 g/t Au (incl. 3.0m @ 6.94 g/t Au) - SGRDD002[1]

  • 11.0m @ 5.38 g/t Au (incl. 6.0m @ 8.30 g/t Au) - SGRDD004[1]

  • 18.5m @ 2.41 g/t Au (incl. 4.0m @ 4.81 g/t Au) - SGRDD008[1]

  • 8.0m @ 5.40 g/t Au - SGRDD014

• Bannawerra Discovery

  • 13.9m @ 1.45 g/t - ZK0701[1]

  • 4.9m @ 2.75 g/t - SGRDD036[1]

• Targeting 2 IRGS mineralisation styles:

• 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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1 Refer LDR Prospectus 14 April 2021 p43, p157 (IGR p85 Table 15), p202 (IGR p128 Table 25) & LDR Supplementary Prospectus 6 May 2021

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Lode Resources Ltd | July 2021

7

Uralla Gold Project

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Hudson’s Prospect – Primary Target
Frazer’s Find
• Multi element soil anomaly with elevated
• Up to 76.90 g/t Au [1]
Au, As, Ba Pb & Zn in soils
Project • Untested by drilling and 1,110 g/t Ag [1]
•• Intercept of major structures IP chargeability anomaly on 5 lines • in waste dumpsVery poor
recoveries in
• Solid gold grades in unweathered outcrop
➢ Target rich – up to 8.03 g/t [1] previous shallow
drilling
• IP chargeability
➢ Solid gold grades at anomaly detected
surface on single line
➢ Limited historical drill
with high grade gold
Bannawerra
intercepts
Discovery
• Discrete soil anomaly
➢ Drill ready with elevated Au, As, Martin's Shaft
Pb & Sb in soils • Best drill results to date
• 1.5km long structure • Remains open down dip McCrossin’s
• Chip samples up to 2.3 and west Prospect
•
g/t Au [1] Broad intercepts with high
• Shallow drill intercepts grade core • Multi element soil
include: • 14.0m @ 4.83 g/t Au [1] anomaly with elevated
• 13.9m @ 1.45 g/t Au [1] • 11.0m @ 5.38 g/t Au [1] As, Ba, Pb values
•
• 4.9m @ 2.75 g/t Au [1] • 18.5m @ 2.41 g/t Au [1] Significant radiometrics -
• 8.0m @ 5.40 g/t Au [1] KThU anomaly IP Survey Lines
• IP chargeability anomaly • Untested by drilling
• Significant IP
detected down dip
chargeability anomaly
detected on 6 lines
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• 1 Refer LDR Prospectus 14 April 2021 p45, p139 (IGR p65 Table 12), p157 (IGR p85 Table 15), p199 (IGR p125), p202 (IGR p128 Table 25) & LDR Supplementary Prospectus 6 May 2021

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Lode Resources Ltd | July 2021

8

Uralla Gold – Significant IP Survey Completed

• Dipole-Dipole Induce Polarisation survey by Fender Geophysics has been completed at Uralla gold project. Lode Resources engaged Newexco to carrying out modelling and interpretations

• Testing Hudson’s Prospect, Gracie, Martin’s Shaft, McCrossin’s Prospect and Frazer’s Find

• Multiple IP chargeability anomalies detected

generating multiple drill targets

• Anomalies likely to be disseminated to stringer vein sulphides typically associated with gold mineralisation at Uralla

• Uralla Gold is drill ready

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Refer LDR Prospectus 14 April 2021 p148 (IGR p74) & LDR Supplementary Prospectus 6 May 2021

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Lode Resources Ltd | July 2021

9

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

• 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

• 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 • ConfirmsIRGS modelfor Uralla goldfield and open ended mineralisation provides early drill target • Just completed IP inversion modelling show chargeability anomaly at 150m, 50m below deepest intercept –drill ready Interpreted Fault IP Chargeability High - Potential Extension to Martin’s Shaft Gold Mineralisation 2011 Drilling 100m ? Line 347700E 13 mV/V IP Chargeability High – Potential Blind Mineralisation Planned 1st Phase Drilling	• 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 • ConfirmsIRGS modelfor Uralla goldfield and open ended mineralisation provides early drill target • Just completed IP inversion modelling show chargeability anomaly at 150m, 50m below deepest intercept –drill ready Interpreted Fault IP Chargeability High - Potential Extension to Martin’s Shaft Gold Mineralisation 2011 Drilling 100m ? Line 347700E 13 mV/V IP Chargeability High – Potential Blind Mineralisation Planned 1st Phase Drilling	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
	Interpreted Fault IP Chargeability High - Potential Extension to Martin’s Shaft Gold Mineralisation 2011 Drilling 100m ? Line 347700E mV/V IP Chargeability High – Potential Blind Mineralisation Planned 1st Phase Drilling
13
		Solid drill intercepts

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

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

1 Refer LDR Prospectus 14 April 2021 p46, p157 (IGR p85 Table 15) & LDR Supplementary Prospectus 6 May 2021

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Lode Resources Ltd | July 2021

10

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IP Inversion Chargeability Modelling
Strong Au Anomalism at Surface
• Chip samples up to 7.6g/t [1]
Line 6611600N
• Elevated Au in soils
9 mV/V9 mV/V
Hudson’s Line 6611450N
Prospect
Mag, IP and Au/As Bonanza Dyke shown in Magnetics RTP 1VD
Geochem Anomalies 9 mV/V
Line 6611300N
IP Geophysics –
Chargeability Axis
12 mV/V12 mV/V
Line 6611150N
Strong Au Anomalism at Surface
• Chip samples up to 8.0g/t [1]
• Elevated Au in soils
16 mV/V16 mV/V
Historical Workings
Blind Drilling Line 6611000N
12 mV/V12 mV/V
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Hudson’s Prospect − Mag, IP and Au/As Geochem Anomalies

Refer LDR Prospectus 14 April 2021 p47, p139 (IGR p65 Table 12), & LDR Supplementary Prospectus 6 May 2021

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Lode Resources Ltd | July 2021

11

Hudson’s

Prospect

− Solid Gold Grades in Outcrop

	Early Drill Target 1 – gold in outcrop
	Sample ID	Au_ppm 4.74 3.78 3.30 2.92 2.84 1.16 1.14 1.11 0.76		Ag_ppm		As_ppm
	S26A1			41		45,700
	H161			79		43,100
	S26B1			44		51,600
	S26D1			32		24,400
	R351			22		18,300
	S26C1			7		8,680
	S3441			3		3,300
	S3451			5		3,910
	S27B1			5		8,730
	Early Drill Target 2 - gold in out crop
	Sample ID S29(6)1 R401 R551 R391 R361 R371 R571 R561		Au_ppm 7.58 6.31 4.29 5.06 2.73 2.03 1.34 0.88		Ag_ppm		As_ppm
					3		16,200
					2		4,960
					1		6,960
					3		10,550
					0		5,600
					1		5,740
					0		2,310
					0		1,300
	Early Drill Target 3 - gold in out crop
	Sample ID R281 R521 R41 R541 R531		Au_ppm 8.03 6.38 5.29 4.12 0.54		Ag_ppm		As_ppm
					1		9,470
					0		7,020
					1		6,880
					1		6,250
					0		1,755

1Refer LDR Prospectus 14 April 2021 p139 (IGR p65 Table 12) & LDR Supplementary Prospectus 6 May 2021

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12 Lode Resources Ltd | July 2021

Hudson’s Prospect

− Drilling to Test Multiple Vectors including high grade gold in surface sample[1]

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Chip Samples up to
4.74 g/t Au [1] Line 6611600N
Magnetic anomaly
As-Au anomaly
Planned 1 [st]
Phase Drilling
9 mV/V Chargeability anomaly
Chip Samples up to
7.58 g/t Au [1]
As-Au anomaly Magnetic anomaly
Line 6611450N
Planned 1 [st]
Phase Drilling
9 mV/V Chargeability anomaly
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1Refer LDR Prospectus 14 April 2021 p47, p139 (IGR p65 Table 12) & LDR Supplementary Prospectus 6 May 2021

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13 Lode Resources Ltd | July 2021

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IP Inversion Chargeability Modelling
Line 6610800N
6 mV/V
Line 6610600N
McCrossin’s Historical Workings 8 mV/V
Line 6610400N
Prospect −
Strong IP, 17 mV/V
Soil Geochemistry –
Radiometric (K) Strong As Anomalism Line 6610200N
and As Soil
25 mV/V
Anomalism
Line 6610000N
Radiometrics – High
Total Counts KThU
30 mV/V
IP Geophysics – Line 6609800N
Strong Chargeability
40 mV/V
1000m
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Refer LDR Prospectus 14 April 2021 p49 & LDR Supplementary Prospectus 6 May 2021

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Lode Resources Ltd | July 2021

14

Frazer's Find – Previous Drilling Misplaced

• Up to 76.90 g/t Au[1] and

• 1,110 g/t Ag[1] in waste dumps at Frazer’s Find shaft[1]

• Previous very shallow drilling suffered significant core lost and intercepted mine voids including underground wooden supports

• IP chargeability anomaly detected on 1 line just completed

• Chargeability anomaly is approximately 100m offset from the Frazer’s Find line of workings

• Suggests previous drilling was misplaced having target workings on a minor mineralised structure

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Frazer’s Find Shaft - Up to 76.9g/t Au [1] and
1,110 g/t Ag [1] in grab samples
Planned 1 [st] Phase Drilling
Very Shallow & Blind Drilling
Intercepts Workings
100m
14 mV/V
IP Chargeability High – Potential
Blind Mineralisation
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1 Refer LDR Prospectus 14 April 2021 p48, p138 (IGR p64 Table 12) & LDR Supplementary Prospectus 6 May 2021

Lode Resources Ltd | July 2021

15

Webbs Consol Silver

• 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 drill ready

• 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 workings and NNE along strike. Non-JORC channel samples taken within the mineralised envelope on Level 3 indicate open ended high-grade mineralisation at 60m depth (12 samples averaged 210g/t Ag, 22.6% Zn and 2.74% Pb[1] )Large IP anomaly 300m NE of main workings

2. Geochem anomaly & insitu mineralisation 1km N of main workings

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Webbs Consol
Oblique View
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 [1]
?
Main lode remains
? open at depth
Mineralised veins in
face and conductive
anomaly to north
Drill Target
indicate potential new
lode along strike and at ?
depth
?
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1 Refer LDR Prospectus 14 April 2021 p42, p109 (IGR p35) & LDR Supplementary Prospectus 6 May 2021

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Lode Resources Ltd | July 2021

16

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Main Area of Interest
Webbs Consol
Main Shaft
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Webbs Consol Surface Plan [1]
Drill Target 3
Northern Extension
Soils highly anomalous in Pb, rock chips up
to 4.47% Pb, 1.52% Zn, 0.17% Cu, 69 g/t Ag [1]
Drill Target 2 (Line 1400)
Large chargeability anomaly (up to
5 times background) coincident
with conductivity anomaly, surface
rock chips up to 272 g/t Ag and
0.19% Cu [1]
Drill Target 1
Webbs Consol shaft, main
producing mine, open-ended
high grade mineralisation at
60m depth
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1 Refer LDR Prospectus 14 April 2021 p40, p41, p119 (IGR p45) & LDR Supplementary Prospectus 6 May 2021

Lode Resources Ltd | July 2021

17

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Webbs Consol Silver IP Survey Drill Target 2
Chargeability, Chargeability high possibly reflecting
alteration/dissemination halos
oblique view
•
2007 Induced Polarisation survey reveals a number of untested
anomalies:
Drill Target 1
• Interestingly no IP anomaly coincides directly with the high-grade Webbs
Consol ore body
• However a conductive anomaly exists approximately 100m NNE along
strike
• Drill Target 1
Historical underground workings did follow vein mineralisation in the ? Webbs Consol mine
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• Historical underground workings did follow vein mineralisation in the same direction

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Drill Target 2
Line 1400
chargeability &
Surface rock chips up to
conductivity, 272 g/t Ag, 0.19% Cu [1]
section view Chargeability high
Conductivity high = drill target
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• Historical drilling failed to test down plunge potential of main workings – maybe due limited rig capacity?

Drill Target 2

• A coincident chargeability and conductivity anomaly potentially indicates disseminated mineralisation and a massive mineralised core respectively

• 3 preliminary surface samples returned elevated silver values in assays (273, 37 & 21 g/t Ag)[1]

Drill Target 3

• Preliminary surface samples returning elevated silver values indicate need to extend IP survey 1000m north

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1 Refer LDR Prospectus 14 April 2021 p41, p42, p119 (IGR p45) & LDR Supplementary Prospectus 6 May 2021

Lode Resources Ltd | July 2021

18

Fender Copper

• 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

1 Refer LDR Prospectus 14 April 2021 p50, p167 (IGR p93) & LDR Supplementary Prospectus 6 May 2021

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Lode Resources Ltd | July 2021

19

Trough Gully Historical Workings – Drill Ready

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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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1 Refer LDR Prospectus 14 April 2021 p51, p173 (IGR p99) & LDR Supplementary Prospectus 6 May 2021

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Lode Resources Ltd | July 2021

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Trough Gully Copper Mine

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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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Refer LDR Prospectus 14 April 2021 p52 & LDR Supplementary Prospectus 6 May 2021

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21 Lode Resources Ltd | July 2021

Greenfield Opportunities

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Spring Creek Fault
Fender - Fold
Copper Anomaly
Anomalous Cu
in drainage
Potential fold
structure
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Spring Creek Fault
Anomalous Cu
in drainage
Manganese
workings
Stream up to 220ppm Cu
Fender - Kasey
Soil up to 321ppm Cu
Copper Anomaly
Rock chips up to 771 ppm Cu
Potential fold
structure
7000 m
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Refer LDR Prospectus 14 April 2021 p50 & LDR Supplementary Prospectus 6 May 2021

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22 Lode Resources Ltd | July 2021

Greenfield Opportunities: Elsinore Copper − Greenfield Ops

• Located 30km W of Guyra

• First recorded in 1974 thesis by Marriot, J.A. 1974: The Geology, Mineralogy and Genesis of Three Sulphide Occurrences, Between Bundarra and Baldersleigh, North Western New South Wales

• Significant surface work, including IP and soil sampling, was performed by the Sovereign Gold Company in 2016 but no follow up hard rock sampling or drilling

• Solid IP chargeability anomaly coincides with magnetic ridge possibly reflecting sulphides

• E-W magnetic ridge extends over 6 km strike length, bedding also strikes E-W and dips steeply south

• Mineralisation exposed in outcrop and prospecting pits as massive and disseminated sulphides

• Hosted by metabasalt and, in certain instances, concentrated in slumped chert blocks encased with metabasalt

• Cu, Au, Zn and Pb soil anomalies generally align with magnetics.

• Apparent lateral metal zonation characteristic of VMS deposits

• Entire 6k m strike length requires mapping, sampling and trenching to determine best targets prior to initial drilling

• Good outcrop should enable extensive chip sampling prior targeted IP survey if warranted

• 6 km strike suggest massive size potential

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6 km Magnetic Anomaly
Outcropping mineralisation
and workings
Coincident IP Anomaly
Coincident Copper Anomaly
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Refer LDR Prospectus 14 April 2021 p53 & LDR Supplementary Prospectus 6 May 2021

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23 Lode Resources Ltd | July 2021

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 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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1Refer LDR Prospectus 14 April 2021 p54, p188 (IGR p114), p190 (IGR p116) & LDR Supplementary Prospectus 6 May 2021

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

• a. 3 projects drill ready b. Targeting gold, silver and copper mineralisation

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NSW
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• 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 - drill ready

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

	Project	Licence	Commodity	Planned 2021 Diamond Drilling (m)	Planned 2022 Diamond Drilling (m)	Total
	Uralla	EL8980 & EL9087	Gold	3,000	4,000	7,000
	Webbs Consol	EL8933	Silver	1,500	2,000	3,500
	Fender	EL9003	Copper	1,500	2,000	3,500
	Elsinore	EL9004	Copper		500	500
	Tea Tree	EL9084	Gold		500	500
	Thor	EL9085	Gold		500	500
				6,000	9,500	15,500

– 6. Tea Tree

Underexplored goldfield

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Mt Carrington
Twin Hills Gold & Silver
Gold &
Silver
Webbs Consol
Timbarra
Silver Gold
Webbs
Silver
Elsinore
Thor Copper
Tea Tree
Gold
Gold
Uralla
Gold Hillgrove
Rocky River Gold &
Gold Antinomy
Newmont Fender
Gold Copper
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Refer LDR Prospectus 14 April 2021 p36 & LDR Supplementary Prospectus 6 May 2021

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