LODE RESOURCES LTD — Investor Presentation 2022

Jun 5, 2022

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ASX Code: LDR

High-Grade Brownfield Base Metal, Silver & Gold Projects

3 Projects Delivering Solid Results in Tier 1 Jurisdiction

June 2022

Lode Resources Ltd | June 2022

Disclaimer & Competent Person’s Statement

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 Ltd (‘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.

Reference documents used in this presentation

LDR Prospectus 14 April 2021 & LDR Supplementary Prospectus 6 May 2021 LDR announcement 30 June 2021 titled “ASX Market Release - Admission and Quotation” LDR announcement 12 July 2021 titled “New gold mineralisation style discovered” LDR announcement 20 July 2021 titled “Further Assays Enhance & Expand Uralla Gold Project” LDR announcement 29 July 2021 titled “Lode Ramps Up Exploration at Uralla Gold Project” LDR announcement 15 September 2021 titled “Drilling Commences at Webbs Consol Silver Project” LDR announcement 5 October 2021 titled “Enhanced Drill Targets at Uralla Gold Project” LDR announcement 19 October 2021 titled “Significant sulphides intersected at Webbs Consol” LDR announcement 5 November 2021 titled “Lode Resources Adds New Projects To Base Metal Portfolio” LDR announcement 17 November 2021 titled “First drill assays received for Webbs Consol Silver Project” LDR announcement 29 November 2021 titled “Drilling Commences at Uralla Gold Project” LDR announcement 1 December 2021 titled “Drilling Commences at Trough Gully Copper Mine” LDR announcement 14 December 2021 titled “High metal recoveries in Webbs Consol metallurgy” LDR announcement 14 December 2021 titled “High-grade mineralisation in Webbs Consol drilling” LDR announcement 18 January 2022 titled “Webbs Consol new drill targets”

LDR announcement 15 February 2022 titled “High-grade copper and zinc intersected at Trough Gully Mine” LDR announcement 21 February 2022 titled “Discovery of Gold Mineralisation Over Significant Widths” LDR announcement 24 March 2022 titled “Drilling Recommences at Webbs Consol Silver-Base Metals” LDR announcement 5 April 2022 titled “Significant Sulphide Mineralisation at Mt Galena Prospect” LDR announcement 14 April 2022 titled “Outstanding Metal Recoveries in Trough Gully Testwork” 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”

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2 Lode Resources Ltd June 2022

Lode Resources – Directors & Management

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 was recently 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 | June 2022

3

Lode Resources – Introduction & Capital Structure

Overview

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

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

• ✓ 100% ownership of 7 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

• ✓ Early drilling has resulted in solid intercepts at 3 projects

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

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LDR Share Price Chart
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Capital Structure

• Recent Share Price A$0.17

• • Cash (March Qtr 2022) $2.9m

• • Shares on Issue 79.97m

• • Market Capitalisation (at $0.17/share) $13.6m

• • Options ($0.30 strike price) 1.5m

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Just 37% free float
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Lode Resources Ltd | June 2022

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 mine 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 | June 2022

5

Lode Resources − Seven Prospective Projects

Project selection criteria:

• a. 100% ownership

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NSW
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• 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. Webbs Consol Silver/Base Metals – High grade Ag, Pb, Zn bearing lodes – Solid early 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. 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
Webbs Consol	EL8933	Silver/Lead/Zinc	16	48	Granted
Uralla	EL8980	Gold	80	237	Granted
Uralla West	EL9087	Gold	22	65	Granted
Fender	EL9003	Copper/Zinc	76	223	Granted
Elsinore	EL9004	Copper	32	95	Granted
Tea Tree	EL9084	Gold	24	71	Granted
Thor	EL9085	Gold	78	231	Granted
Sandon	ELA9319	Cu, Pb, Zn, Ag & Sb	273	758	Granted
			601	1,728

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Mt Carrington
Twin Hills Gold & Silver
Gold &
Silver
Webbs Consol
Silver/Base Metals 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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6 Lode Resources Ltd | June 2022

Lode Resources − Solid Early Drill Results

Since listing Lode Resources has produced solid intercepts

in Phase I Drilling at 3 separate projects

NSW

Webbs Consol Silver/Base Metals Project

Phase I scout drill results

• 27.5m @ 468 g/t AgEq from 104.6m (118 g/t Ag, 6.52% Zn and 0.77% Pb) - WCS006

• 24.2m @ 374 g/t AgEq from 122.9m (63 g/t Ag, 5.96% Zn and 0.49% Pb) - WCS007

• 12.1m @ 312 g/t AgEq from 48.0m (108 g/t Ag, 0.36% Zn and 5.49% Pb) - WCS0012

• 26.5m sulphide mineralisation from 30.1m (est. 12% galena, 3% sphalerite, silver mineralisation anticipated) - WCS0019

Next Actions:

• Recommence Phase I drilling on several high priority targets including several shafts with a history of high-grade silver production - currently underway

• Down Hole Electromagnetic (DHEM) and Fixed Loop Electromagnetic (FLEM) geophysical surveys targeting the most prospective drill holes

Uralla Gold Project

Hudson’s Prospect Discovery – Phase I scout drill results

• 15.0m @ 2.09 g/t Au from 12.0m (incl. 7m @ 3.65 g/t Au, incl. 4m @ 4.18 g/t Au) – KTN010

• 14.0m @ 1.24 g/t Au from 68.0m (incl. 2m @ 2.04 g/t Au and 3m @ 2.21 g/t Au) – KTN007

• 10.0m @ 1.32g /t Au from 9.0m (incl. 5m @ 2.49 g/t Au) - KTN005

• 16.0m @ 0.79 g/t Au from 10.0m - KTN006:

Next Action:

• Phase II: test down-dip extensions of early drill results & enhanced structural/geochemical targets

Fender Base Metals Project

Trough Gully Mine Prospect – Phase I scout drill results

• 7.30m @ 9.47% ZnEq from 92.1m (4.93% Zn, 1.37% Cu, 0.36 g/t Au & 10.1 g/t Ag)

• 6.90m @ 9.21% ZnEq from 50.9m (4.49% Zn, 1.30% Cu, 0.50g/t Au & 17.4g/t Ag)

Next Action:

• Down Hole Electromagnetic (DHEM) and Fixed Loop Electromagnetic (FLEM) geophysical surveys targeting the most prospective drill holes

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Mt Carrington
Twin Hills Gold & Silver
Gold &
Silver
Webbs Consol
Silver/Base Metals 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 | June 2022

7

Webbs Consol Silver-Base Metals Project

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

• 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

• Several mine shafts worked for high grade galena and silver content only with zinc mineralisation discarded

• Solid results in Phase I Drilling

• Mineral system strike extent now extended to 3km

• Phase I drilling ongoing

Hl	From	To	Interval	Silver Eq1	Silver	Zinc	Lead	Copper	Gold
oe	(m)	(m)	(m)	(g/t)	(g/t)	(%)	(%)	(%)	(g/t)
WCS006	104.60	132.10	27.50	468	118	6.52	0.77	0.07	0.00
incl.	105.60	129.40	23.80	526	135	7.32	0.82	0.08	0.00
WCS007	122.90	147.05	24.15	374	63	5.96	0.49	0.04	0.00
incl.	126.00	145.00	19.00	462	78	7.43	0.49	0.05	0.00
WCS008	25.50	45.20	16.30	49	19	0.10	0.03	0.01	0.30
incl.	35.30	42.00	6.70	80	31	0.01	0.04	0.00	0.62
WCS008	58.20	77.00	18.80	37	10	0.37	0.14	0.02	0.02
incl.	71.50	77.00	5.50	75	21	0.72	0.26	0.05	0.06
WCS009	70.00	80.00	10.00	84	45	0.17	0.09	0.23	0.05
incl.	70.00	75.30	5.30	144	82	0.16	0.07	0.43	0.09
WCS012	48.0	60.1	12.1	312	108	0.36	5.49	0.10	0.04
Incl.	49.6	59.0	9.4	394	137	0.39	7.01	0.12	0.05
Incl.	56.6	57.6	1.0	821	305	0.65	13.92	0.64	0.02

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WCS008: 6.70m @ 80 g/t AgEq [1]
& 5.50m @ 75 g/t AgEq [1]
WCS009: 5.30m @ 144 g/t AgEq
WCS006: 27.50m @ 468 g/t AgEq [1]
WCS007: 24.15m @ 374 g/t AgEq [1]
WCS012: 12.1 m @ 312 g/t AgEq [1 ]
Phase I
Drill Targets
WCS019: 26.5m intercept containing an estimated 12%
galena (PbS), 3% sphalerite ((Zn,Fe)S), 0.5%
chalcopyrite (CuFeS2). Significant silver mineralisation
is also expected
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Lode Resources Ltd | June 2022

8

Webbs Consol – Significant Sulphides Intersected

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W Shaft 1 E SW Tangoa West NE • Exceptional results in initial Phase I
Drilling at Webbs Consol main shaft
Surface grab samples up to
745 g/t Ag, 16.1% Pb, 14.0% prospect and Tangoa West
Zn and 0.50 g/t Au.
• Mineralisation styles encountered
Drill hole 26.5m intercept (30.1m to 56.6m) range from coarse sulphide blebs to
WSC006 containing an estimated 12% galena (PbS), 3% sphalerite massive irregular sulphide veins of
Webbs
Consol 60m ((Zn,Fe)S), 0.5% chalcopyrite Pb, Zn & Ag mineralisation
(CuFeS2). Significant silver
main shaft
Stoped mineralisation is also anticipated
ore • Numerous targets currently being
drill tested
Drill hole
WSC007
• DHEM/FLEM programs to commence
Drill hole early June - test the depth extent and
27.50m @ 468 g/t ? WSC019 widths of Webbs Consol and Lucky
AgEq or 9.44 % ZnEq Lucy North mineralisation ahead of
Phase II drilling.
? 24.15m @ 374 g/t AgEq or 7.57 % ZnEq endedOpen ? 104.6mEOH • Pb/Agrich zones with depth.rich zones grade into Zn/Ag
• Ag is only metal consistently present
EOH ? at significant grades in all zones so Ag
164.7m is appropriate metal for metal
Open ended
equivalent calculations going forward
EOH
188.7m
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9 Lode Resources Ltd | June 2022

Webbs Consol – The Right Ingredients for a High-Quality Project

✓ High Grade Ag-Pb-Zn Mineralisation

✓ Thick Intercepts

✓ Very High Metallurgical Recoveries

Sphalerite

Galena

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Drill hole WCS019 • 26.5m intercept • 30.1m to 56.6m Estimated mineralisation • 12% galena • 3% sphalerite • 0.5% chalcopyrite • silver anticipated in assays

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Product	Cumulative Recoveries (%)	Cumulative Recoveries (%)	Cumulative Recoveries (%)	Cumulative Recoveries (%)	Cumulative Recoveries (%)
	Zn	Ag	Pb	Cu	Au
Rghr Con 1 Rghr Con 1-2 Rghr Con 1-3 RghrCon 1-4	80.5 97.0 98.2 98.7	70.9 94.3 96.3 97.3	69.2 92.0 93.8 94.7	58.6 71.9 74.3 76.3	53.1 65.6 88.8 90.8

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Lode Resources Ltd | June 2022

10

Uralla Gold Project – 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 larger targets

• Significant intercepts to date:

• Hudson’s Prospect – Phase I scout drilling

  • ➢ 15.0m @ 2.09 g/t Au (incl. 7m @ 3.65 g/t Au, incl. 4m @ 4.18 g/t Au) – KTN010

  • ➢ 14.0m @ 1.24 g/t Au (incl. 2m @ 2.04 g/t Au and 3m @ 2.21 g/t Au) – KTN007

  • ➢ 10.0m @ 1.32g /t Au (incl. 5m @ 2.49 g/t Au) - KTN005

• 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

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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 | June 2022

11

Hudson’s Prospect

• Disseminated gold mineralisation discovered through methodical field work

• A large mineral system 1,000m x 500m

• Anomalous arsenic in soils linked to gold mineralisation & visual arsenopyrite in outcrop equals gold grade – very useful exploration tool

• Surface chip sample reveals wide spread multiple gold zones despite 80-90% cover

• Broad shallow disseminated gold intercepts in Phase I drilling:

➢ KTN010: 15m @ 2.09g/t Au from 12m

Incl. 7m @ 3.65g/t Au from 15m Incl. 4m @ 4.18g/t Au from 15m

➢ KTN007: 14m @ 1.24g/t Au from 68m

Incl. 2m @ 2.04g/t Au from 9m And 3m @ 2.21g/t Au from 77m

➢ KTN005: 10m @ 1.32g/t Au from 68m

Incl. 5m @ 2.49g/t Au from 9m

• Enhanced structural interpretation indicate dilation zones are conduit for gold bearing solutions.

• Main structure tension zones yet to be test with drilling

• Next steps: Phase II: test down-dip extensions of early drill results & enhanced structural/geochemical targets

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North Drill Target
West Drill Target
Tension Structure
Redgum Drill Target
Tension Structure
Dyke Drill Target
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Lode Resources Ltd | June 2022

12

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Redgum Drill Target Dyke Drill Target
KTN005: 10m @ 1.32g/t Au from 9m
KTN010: 15m @ 2.09g/t Au from 12m
Hudson’s Prospect Planned drill holes
Phase II Drill Targets
KTN006: 16m @ 0.79g/t Au from 10m
• Strong weight of evidence
• Phase II drilling to test multiple KTN007: 14m @ 1.24 g/t Au from 68m KTN012: 6m @ 0.75g/t Au from 39m
vectors (2,000m planned): KTN011: 5m @ 1.04 g/t Au from 16m
KTN003: 5m @ 0.42g/t Au from 5m
1. Solid Phase I scout drill
As Anomalism In
results Deep Augur Holes
2. Gold in surface outcrop Planned drill holes
3. Strong arsenic & gold soil
anomalism
North Drill Target West Drill Target
4. Relationship with mag
anomaly Planned drill holes
KTN001: 7m @ 0.65g/t Au from 5m
5. Dilation structures As Anomalism In
Shallow Augur Holes
• Phase I: Scout drilling completed
• Phase II: Phase II: test down-dip
extensions of early drill results & Deeper Cover Planned drill holes
Deeper Cover
enhanced structural &
geochemical targets
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Lode Resources Ltd | June 2022

13

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 June 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 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

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

– 1. Four copper mines walk up drill targets, never drilled

1. 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 | June 2022

14

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 preliminary a single product bulk concentrate

• Follow up down hole and surface electromagnetic surveys (DHEM) to test for extensions at depth and along strike is planned prior to planned Phase II drilling

High-grade chalcopyrite (copper) mineralisation from drill hole TGY007

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10cm
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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
TGY006: 2.80m @ @ 2.61% ZnEq due to fault offset
TGY007: 7.30m @ 9.47% ZnEq
Open Open
Open
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Lode Resources Ltd | June 2022

15

Open

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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Lode Resources Ltd | June 2022

16

New Projects Recently Added To Base Metal Portfolio

• 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
most prominent explorations targets Gravity anomaly Elevated copper
coincident with with no min e and workings
• Extensive historic surface work means minimal preliminary work copper anomaly -not drilled contamination
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 | June 2022

17

Lode Resources − Seven Prospective Projects

Project selection criteria:

• a. 100% ownership

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NSW
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• 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 – Solid early drill results

2. Webbs Consol Silver/Base Metals – High grade Ag, Pb, Zn bearing lodes – Solid early drill results

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

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
Uralla West	EL9087	Gold	22	65	Granted
Webbs Consol	EL8933	Silver/Lead/Zinc	16	48	Granted
Fender	EL9003	Copper/Zinc	76	223	Granted
Elsinore	EL9004	Copper	32	95	Granted
Tea Tree	EL9084	Gold	24	71	Granted
Thor	EL9085	Gold	78	231	Granted
Sandon	ELA9319	Cu, Pb, Zn, Ag & Sb	273	758	Recently 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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18 Lode Resources Ltd | June 2022

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ASX Code: LDR

Contact: info@loderesources.com

June 2022

Lode Resources Ltd | June 2022