METALLIUM LIMITED — AGM Information 2021

Nov 29, 2021

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Annual General Meeting Mt Monger Resources Ltd Lachlan Reynolds, Managing Director 30[th] November 2021

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Annual General Meeting, 30[th] November 2021

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Annual General Meeting, 30[th] November 2021

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Disclaimers

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This document has been prepared by Mt Monger Resources Limited ACN 645 885 463 and/or its affiliates (together, “Mt Monger Resources”) for the exclusive use of the party to whom Mt Monger Resources delivers this document (the “Recipient”). The information contained in this document has been prepared in good faith by Mt Monger Resources. However, no representation or warranty, either express or implied, is made as to the accuracy, completeness, adequacy or reliability of the information contained in this document. This document contains only a synopsis of more detailed information in relation to the matters described herein and accordingly no reliance may be placed for any purpose whatsoever on the sufficiency or completeness of such information as presented herein. This document should not be regarded by the Recipient as a substitute for the exercise of its own judgment and the Recipient should conduct its own due diligence in respect of the contents of this document. To the maximum extent permitted by law Mt Monger Resources, its directors, officers, employees, advisers, and agents disclaim any or all liability for any loss or damage which may be suffered by any person as a result of the use of, or reliance upon, anything contained within or omitted from this document.

This document has been prepared solely for informational purposes. This document does not constitute a prospectus and is not to be construed as a solicitation or an offer to buy or sell any securities, or related financial instruments, in any jurisdiction. The Recipient should not construe the contents of this document as legal, tax, accounting or investment advice or a recommendation. The Recipient should consult its own legal counsel, tax and financial advisors concerning any matter described herein. This document does not purport o be all-inclusive or to contain all of the information that the Recipient may require. No investment, divestment or other financial decisions or actions should be based solely on the information in this document. The distribution of this document may be restricted by law in certain jurisdictions. The Recipient and any other persons who come into possession of the document must inform themselves about, and observe, any such restrictions.

Cautionary Statement Regarding Values & Forward-Looking Information

The figures, valuations, forecasts, estimates, opinions and projections contained herein involve elements of subjective judgment and analysis and assumption. Mt Monger Resources does not accept any liability in relation to any such matters, or to inform the Recipient of any matter arising or coming to the company’s notice after the date of this document which may affect any matter referred to herein. Any opinions expressed in this material are subject to change without notice, including as a result of using different assumptions and criteria. This document may contain forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “expect”, and “intend” and statements than an event or result “may”, “will”, “should”, “could”, or “might” occur or be achieved and other similar expressions. Forward-looking information is subject to business, legal and economic risks and uncertainties and other factors that could cause actual results to differ materially from those contained in forward-looking statements. Such factors include, among other things, risks relating to property interests, the global economic climate, commodity prices, sovereign and legal risks, and environmental risks. Forward-looking statements are based upon estimates and opinions at the date the statements are made. Mt Monger Resources undertakes no obligation to update these forward-looking statements for events or circumstances that occur subsequent to such dates or to update or keep current any of the information contained herein. The Recipient should not place undue reliance upon forward-looking statements. Any estimates or projections as to events that may occur in the future (including projections of revenue, expense, net income and performance) are based upon the best judgment of Mt Monger Resources from information available as of the date of this document. There is no guarantee that any of these estimates or projections will be achieved. Actual results will vary from the projections and such variations may be material. Nothing contained herein is, or shall be relied upon as, a promise or representation as to the past or future. Mt Monger Resources, its affiliates, directors, employees and/or agents expressly disclaim any and all liability relating or resulting from the use of all or any part of this document or any of the information contained herein.

Competent Person’s Statement

The information in this report that relates to Exploration Results is based on and fairly represents information compiled by Mr Lachlan Reynolds. Mr Reynolds is the Managing Director of Mt Monger Resources Limited and is a member of both the Australasian Institute of Mining and Metallurgy and the Australasian Institute of Geoscientists. Mr Reynolds 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, Mineral Resources and Ore Reserves. Mr Reynolds consents to the inclusion in this report of the matters based on information in the form and context in which they appear.

Previous Disclosure

The information in this presentation is based on the Mt Monger Resources Limited Prospectus and subsequent market announcements, available from the Mt Monger Resources website www.mtmongerresources.com.au and the ASX website www.asx.com.au. The Company confirms that it is not aware of any new information or data that materially affects the information included in the Prospectus or the original market announcements and that all material assumptions and technical parameters underpinning the Prospectus and relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are represented have not been materially modified from the original market announcement.

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Corporate Highlights

• IPO completed, raising $5m at $0.20/share

• ASX listing on 15 July 2021, code MTM

• Vendor agreements executed

• Loyalty Options issued November 2021

Capital Structure:

Share Price (26/11/2021)	$0.14
Shares on Issue (MTM)	43.08 M
Listed Options (MTMO)	14.32 M
Unlisted Options	10.25 M
Market Capitalisation (undiluted)	$6.0 M
Cash (on 30/09/2021)	$3.0 M
Debt	Nil

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Management Team:

John Hannaford	Non-Executive Chairman
Lachlan Reynolds	Managing Director
David Izzard	Non-Executive Director
Simon Adams	Company Secretary
Antony Zebisch	Exploration Manager

Share Price Performance:

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Expanding Project Portfolio

The Company has secured highly prospective tenement portfolios in three prolific, highly gold endowed areas in the Eastern Goldfields of Western Australia:

Mt Monger: 9 granted tenements and 2 applications covering ~100 km[2] , with existing shallow gold resources and numerous target areas requiring follow up.

East Laverton : 4 granted exploration licences and 8 applications covering ~3,000 km[2] with several nearterm drill targets, targeting REE, nickel and Tropicana & Gruyere style gold deposits.

Albion : New option agreement over 1 granted exploration licence containing untested high-grade historical gold workings.

Mt Monger Resources Project areas

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Mt Monger Project

• Only 70km southeast from Kalgoorlie

• Excellent access and infrastructure

• Prolific gold producing region, adjacent to Silver Lake’s Randalls mill & nearby mining operations

• Existing shallow resources, open at depth and along strike

• Highly prospective targets with gold hits from shallow drilling

• First opportunity to explore consolidated ground position since early 2000’s

• Lefroy Exploration’s “Burns” discovery 5 km away has enhanced prospectivity of whole region

Mt Monger Project tenement status and prospect areas

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Duchess of York Prospect

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Duchess of York drilling summary plan

• 3,000m RC percussion drilling completed Aug 2021

• Significant gold mineralisation intersected at Duchess of York, in area of historical resource

• Shallow gold intersections identified along strike associated with newly discovered structures

• Extension of gold mineralised zone over 500 metres to northwest.

• Mineralisation remains open along strike and at depth.

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Kiaki Soaks Prospect

• Extensive MMI soil geochemical survey completed Sep 2021

• Gold geochemical soil anomalies occur over significant areas with coherence over in excess of 2km to 3km strike length

• New prospective structures identified and extensions to known mineralised zones defined

• Historical drilling confirms potential of these structures to host significant gold mineralisation

• Further drilling planned to test anomalies at Kiaki Soaks, Duchess of York and other prospect areas

• Soil sampling to be progressively expanded into other tenement areas

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MMI Soil
Geochemistry
Au ppb
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Kiaki Soaks Prospect gridded Au soil geochemistry and historical drilling

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East Laverton Project

• Prolific region with major operating mines around Laverton

• Total area of ~3,000 km[2] comprising 4 granted ELs and 8 ELAs with grant anticipated imminently

• Greenfield exploration targets for gold, REE, nickel, base metals, & lithium

• Sparsely explored because of the lack of outcrop and the traditional interpretation of unmineralised granites.

• Geological and magnetic interpretation indicates prospective greenstone inliers

• Reconnaissance completed

• Soil sampling currently in progress at Seahorse Prospect prior to drilling

East Laverton Project tenement status and prospect areas

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East Lavertion REE Target

• Aircore drill holes at Point Kidman intersected light REE hosted in clays, including:

• 4m @ 0.20% REE from 36m (PKAC001)

• 3m @ 0.18% REE from 48m (PKAC027)

• 1m @ 0.28% REE from 8m (PKAC033)

• 4m @ 0.27% REE from 24m (PKAC051)

• REE’s are dominated by cerium (Ce), lanthanum (La), neodymium (Nd), praseodymium (Pr) and samarium (Sm) which combined are 94% of total REE

• Areas of anomalism associated with discrete magnetic highs

• Numerous discrete targets to be investigated

• Soil sampling underway and preliminary results imminent

• Follow-up aircore drilling program planned

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Thorium radiometric image (source GSWA) showing an anomaly at the Pt Kidman Prospect area (circled) and the location of historical drilling and rock samples with anomalous REE mineralisation.

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Albion Project

• Option agreement recently executed over exploration licence

• 25km from Norseman

• Historical high-grade gold workings

• Gold-bearing quartz lodes with >100m strike, rock chip samples from outcropping lodes up to 9g/t gold

• Untested by drilling

• Multiple known mineralised structures with potential for discovery of a significant gold resource

• Abundant gold nuggets recovered from surface prospecting

• Geological prospectivity for nickel sulphides and lithiumbearing pegmatites

• Walk-up drilling targets ready for evaluation

Albion Project tenement status and historical workings

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Albion Project

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Albion Project oblique aerial photograph looking W, taken during 2021 prospecting operations

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Historical
mines
Recent
prospecting
areas
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2022 Work Program & Newsflow

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• Emphasis on drilling for discovery

• Priority drilling targets at all project areas

• Company funded for 2022 exploration programs

• Continued quest for quality project acquisitions to increase discovery opportunities

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Project Q1 2022 Q2 2022 Q3 2022 Q4 2022
AC Drilling AC/RC Drilling
Mt Monger
Soil Sampling
AC Drilling RC Drilling
East Laverton Results Comp.
Soil Sampling
Albion Reconn. RC Drilling RC/DD Drilling Resource Estimate
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AC – Aircore, RC – Reverse Circulation percussion, DD – Diamond Programs subject to statutory approvals, heritage clearances and dependent on results or prior results

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Annual General Meeting, 30[th] November 2021