LOYAL METALS LTD — Investor Presentation 2021

Jul 5, 2021

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Discovering the Gold of Tomorrow Investor Presentation

Disclaimer and Forward Looking Statement

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The material in this presentation has been prepared by Monger Gold Ltd (“Monger Gold”) and is general background information about Monger Gold’s activities current as at the date of this presentation. This information is given in summary form and does not purport to be complete. Information in this presentation, including forecast financial information, should not be considered as advice or a recommendation to investors or potential investors in relation to holding, purchasing or selling securities or other financial products or instruments and does not take into account your particular investment objectives, financial situation or needs.

Before acting on any information you should consider the appropriateness of the information having regard to these matters, any relevant offer document and in particular, you should seek independent financial advice. All securities and financial product or instrument transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments and, in international transactions, currency risk.

This presentation may contain forward looking statements including statements regarding our intent, belief or current expectations with respect to Monger Gold’s businesses and operations, market conditions, results of operations and financial condition, capital adequacy, specific provisions and risk management practices. Readers are cautioned not to place undue reliance on these forward-looking statements. Monger Gold does not undertake any obligation to publicly release the result of any revisions to these forward-looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events. While due care has been used in the preparation of forecast information, actual results may vary in a materially positive or negative manner. Forecasts and hypothetical examples are subject to uncertainty and contingencies outside Monger Gold’s control. Past performance is not a reliable indication of future performance .

The information in this report that relates to Exploration Results is based on information either compiled or reviewed by Mr Andrew Graham who is a Director of Monger Gold Limited. Mr Graham is a Member of the Australasian Institute of Mining and Metallurgy and has sufficient experience of relevance to the styles of mineralisation and types of deposits under consideration, and to the activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves. Mr Graham consents to the inclusion in this report of the matters based on information in the form and context in which it appears.

Overview

IPO - A$5M raised at 20¢ per share Capital Structure

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- Market Cap[1] A$5.6M

- Cash[1] A$5.0M

– Debt[1] None

25,000,000 shares owned by institutional, sophisticated and retail investors

- Enterprise Value (EV)[1] A$600K

1 –As at July 6, 2021

3,000,001 shares owned by Torian Resources Limited Top 20 Shareholders = 61.9%

Management Team

Mark Hill - Exploration Manager

Mr Mark Hill is a geologist with 30 years’ experience in mineral exploration, project development and mining. He has a Bachelor of Applied Science (Geology) from Curtin University with a Masters of Science (Mineral Economics) through WA School of Mines in Kalgoorlie and has worked extensively in Western Australian Archaean gold exploration.

Mr Hill has worked as a geologist in a number of WA gold mines including the Sons of Gwalia mine in Leonora and the Kundana mine near Kalgoorlie.

Peretz Schapiro - Non-Executive Chairman

Mr Schapiro has a proven track record of developing and growing successful B2B SaaS platforms and consulting services, built on strong partnerships with some of Australia’s most reputable institutions. He is the Managing Director of Charidy.com, Australia’s premier crowdfunding platform and fundraising and marketing consultancy, raising over $100,000,000 in the last two years alone.

Mr Schapiro holds a Masters degree in Applied Finance. Mr Schapiro is currently an Executive Director of Torian Resources Ltd (ASX: TNR) and Non Executive Chairman of Okapi Resources (ASX:OKR)

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Andrew Graham - Non-Executive Director

Mr Graham has 30 years of technical, operational and managerial experience in the resources sector with both private and public companies in Australia and overseas. Mr Graham has qualifications in Applied Geology, Economic Geology, Management, Training and Quarry Management. Mr Graham is currently the CEO and Executive Director of Cohiba Minerals Ltd (ASX: CHK)

Romy Hersham - Non-Executive Director

Mr Hersham has worked in the mining sector as Company Secretary for Nova Minerals Ltd (ASX:NVA) and Cohiba Minerals Ltd (ASX:CHK), where he has gained extensive experience in exploration management, improving internal processes and shareholder communication. He holds Bachelor degrees in Law and Arts from Monash University. Mr Hersham is currently the Company Secretary for Nova Minerals Ltd (ASX:NVA).

Matthew Foy - Company Secretary

Mr Foy is a contract Company Secretary and active member of the Governance Institute Australia (GIA). He spent four years at the ASX facilitating the listing and compliance of companies and possesses core competencies in publicly listed company secretarial, operational and governance disciplines. Mr Foy is Torian Resources Ltd’s Company Secretary.

Project Location – Key Gold Address

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Executive Summary

• Significant tenement package within 3 key project areas:

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  - Historical exploration identified significant gold prospectivity

• Mt Monger North

• Mt Monger South

• Gibraltar

• Close proximity to major mining centres of Kalgoorlie and Coolgardie

• Aggressive exploration program aimed at delineation of multiple gold resources

• Highly experienced and driven management team

Development Strategy

• Aggressive program of work based on solid geological, structural and geochemical work

• Consolidation of all historic data into one location to ensure no target information is overlooked

• Full review of current data to aid in the generation of new target zones within the existing areas

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• Targeted geochemical program

• Targeted reverse circulation (RC) drilling to commence in

• program Q3 2021

• Development of sound geological models to inform ongoing exploration and assist in the potential acquisition of additional ground

Mt Monger North Project – Key Targets

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Providence
(Target 1):
11m @ 2.14 g/t Au from 84m Minnie (Target 3):
3m @ 11.83 g/t Au from 9m 1m @ 1.73 from 53m
2m @ 7.93 g/t Au from 8m 1m @ 3.18 from 85m
5m @ 7.17 g/t Au from 9m
2m @ 4.21 g/t Au from 33m
Wombola Pit
Wombola Dam (ASX:SLR)
(ASX:SLR)
7,000 oz
27,000 oz
Wombola/Hoffman
(Target 2):
3m @ 3.62 g/t Au from 1m
Divine
3m @ 2.64 g/t Au from 44m
(Target 1): 1m @ 7.66 g/t Au from 31m
3m @ 17 g/t Au from 97m
7m @ 2.35 g/t Au from 82m
2m @ 4.91 g/t Au from 41m
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Mt Monger South Project – Key Targets

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Tommies Dam:

Anomalous gold mineralisation. Largely untested target area

Goddard:

4m @ 0.134 g/t Au from 12m Additional follow up work required

Three Emus:

1m @ 1.32 g/t Au from 7m 1m @ 1.54 g/t Au from 14m

Angus:

Analogous to Lefroy Exploration’s Eastern Lefroy Project Largely untested

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Gibraltar Project – Key Targets

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Grace:

Shallow drilling intersected up to 11g/t Au from 5m

Pamela:

• 3 costean samples returned 2.43 g/t Au Old heap leach returned grades up to 6.29 g/t Au

Gibraltar east:

• 1m @ 27.2g/t Au from 28m 1m @ 12.2g/t Au from 43m 2m @ 3.27 g/t Au from 58m 3m @ 9.27g/t Au from 27m)

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Gibraltar – Proximity to Gold Occurrences

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Compelling Story

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• ➔ Technically and commercially experienced management team

• ➔ Multiple exploration targets in highly prospective gold province

• ➔ Strong news flow expected after listing

• ➔ A$5M in Cash with an EV of A$600k - A highly leveraged investment opportunity

• ➔ Tight and limited capital structure (25M shares on market)

Corporate Directory

Directors

Peretz Schapiro

Andrew Graham

Romy Hersham Company Secretary

Matthew Foy

Registered Office

204-206 Balaclava Road Caulfield North VIC 3161

Telephone

(08) 6245 2490

Email

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Share Registry Automic Group

Auditors

BDO Audit Pty Ltd

info@mongergold.com.au

Website

www.mongergold.com.au