METALSGROVE MINING LTD — AGM Information 2024

Nov 18, 2024

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2024 AGM Presentation

HIGHLY PROSPECTIVE GOLD COPPER EXPLORATION ASSETS

EXPLORATION AND DEVELOPMENT WESTERN AUSTRALIA AND NORTHERN TERRITORY

ASX: MGA November 2024

www.metalsgrove.com.au

Disclaimer

GENERAL INFORMATION ONLY

This presentation contains general background information and summary information about MetalsGrove Mining Limited (ACN 655 643 039) (“ MetalsGrove ”) and its activities as at the date of this presentation.

DISCLAIMER

None of the members of MetalsGrove or MetalsGrove’s respective advisors, affiliates, related bodies corporate, directors, officers, partners, consultants, employees or agents (“ Other Persons ”) have authorised, permitted or caused the issue, submission, dispatch or provision of this presentation and none of them makes or purports to make any statement in this presentation. To the maximum extent permitted by law, MetalsGrove and the Other Persons expressly exclude and disclaim all liability, including without limitation for fault or negligence on the part of any person, or for any expenses, losses, damages or costs incurred as a result of the use of this presentation or its contents and the information in this presentation being inaccurate or incomplete in any way for any reasons, whether by negligence or otherwise.

To the maximum extent permitted by law, each of MetalsGrove and the Other Persons make no representation or warranty, express or implied, as to the currency, accuracy, reliability or completeness of all or any part of this document, or any constituent or associated presentation, information or material, or the accuracy, likelihood of achievement or reasonableness of any forecasts, prospects of returns contained in or implied by, the information in this presentation or any part of it. Except as required by an applicable law or regulation, neither MetalsGrove nor the Other Persons have any obligation to provide any additional or updated information, whether as a consequence of new information, future events or results or otherwise. The information in this presentation is strictly confidential It may not be disclosed, reproduced, disseminated, quoted or referred to, in whole or in part, without the express written consent of MetalsGrove.

NOT INVESTMENT ADVICE

This presentation is not a financial product nor investment advice or a recommendation to acquire securities in MetalsGrove (nor does it, or will it, form part of any contract to acquire securities in MetalsGrove). It has been prepared without taking into account the objectives, financial situation or needs of individuals. Before making any investment decision, prospective investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs and seek legal and taxation advice.

PAST PERFORMANCE

Past performance is not necessarily indicative of future results and no person guarantees the performance of any financial product or service or the amount or timing of any future return from it. There can be no assurance that the financial product or service will achieve any targeted return, that asset allocations will be met or that the financial product or service will be able to implement its investment strategy and investment approach or achieve its investment objective.

FORWARD LOOKING STATEMENT

This presentation contains forward looking statements concerning the projects owned by MetalsGrove. Statements concerning mining reserves and resources may also be deemed to be forward looking statements in that they involve estimates based on specific assumptions. Forward looking statements are not statements of historical fact and actual events and results may differ materially from those described in the management’s beliefs, opinions and estimates should change or to reflect other future developments. Data and amounts shown in this presentation relating to capital costs, operating costs and project timelines are internally generated best estimates only. All such information and data is currently under review as part of MetalsGrove’s ongoing development and feasibility studies. Accordingly, MetalsGrove cannot guarantee the accuracy and/or completeness of the figures or data included in the presentation until the feasibility studies are completed.

COMPETENT PERSON STATEMENT

The information in this presentation that relates to Exploration Results is based on information compiled by Mr. Lijun Yang who is a Member of the Australia Institute of Geologists. Mr Yang is Managing Director and CEO of MetalsGrove Mining Limited and has sufficient experience which is relevant to the style of mineralisation under consideration to qualify as a Competent Person as defined in the 2012 Edition of the “ Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves ”. Mr Yang consents to the inclusion in the presentation of the matters based on his information in the form and context in which it appears.

NOT AN OFFER

This presentation and its contents are not an invitation, offer, solicitation or recommendation with respect to the purchase or sale of any securities in the Company in any jurisdiction and must not be distributed, transmitted, or viewed by any person in any jurisdiction where the distribution, transmission or viewing of this document would be unlawful under the securities or other laws of that or any other jurisdiction. This presentation is not a prospectus or any other offering document under Australian law (and will not be lodged with the Australian Securities and Investments Commission) or any other law.

www.metalsgrove.com.au

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Highly Prospective Gold Copper Exploration Assets

Gold, Copper-Zinc Base Metals and Manganese Portfolio in the Tier-1 Mining Jurisdictions Western Australia and Northern Territory

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• Bruce–NT (MGA 100%)

• Well connected to existing infrastructure.

• High grade quartz vein gold-copper sampling results with multiple zones of mineralisation.

• Regional scale surface mapping and sampling program completed with assays pending.

• Edwards Creek-NT (MGA 100%)

• Historical drilling intersected high grade copper mineralisation 4m @ 2.25% Cu.

• Previously sampled malachite-stained ironstone unit returned value up to 0.81% Cu.

• 2023 drilling intersected up to 17m mineralisation , up to 3.5% zinc, 0.8% copper, 0.5% tungsten, 0.2% lead and 1500ppm TREO;

• 2024 drilling intersected up to 24m mineralisation zone down dip, assay is pending

• Box Hole-NT (MGA 100%)

• Large tonnage base metal project, 7km strike known mineralisation.

• Several mineralised outcrops over 12,000m historical drilling.

• 13m @ 2.65% Zn, 0.95% Pb from 16m Incl: 8m @ 3.40% Zn, 0.95% Pb from 17m.

• Woodie Woodie North-WA (MGA 100%)

• Well defined walk-up drilling targets and well connected to existing mining infrastructure.

• Surface sampling has returned several highly anomalous manganese, assays up to 52% Mn.

• Leake –WA (MGA 100%)

• Newly awarded tenement located 130km south of Southern Cross with excellent access.

• Copper and gold exploration potential.

www.metalsgrove.com.au

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Corporate Snapshot

CAPITAL STRUCTURE	CAPITAL STRUCTURE
Share Price (18/11/2024)	6.4C
52 Week Range	2.3c-10c
Total Number of Shares on Issue	105.4m
Market Capitalisation	A$6.74m
Cash Balance (30thSep. 2024)	A$2.20m
TOP 5 SHAREHOLDERS
Bright Element	11.65%
Mrs Hui An	10.43%
Fountain Stream	9.49%
BNP Paribas Nominees Pty Ltd	8.51%
Gold Geological Consulting Pty Ltd	4.74%
Total	44.82%

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www.metalsgrove.com.au

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NT Project Highlights-Gold, Copper-Base Metal, Rare Earth

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• Location: 110km north of Alice Springs.

• Size: Approximately 320km[2] (EL32420, EL31225 and EL32419).

• Interest: 100%.

• Access: Via Stuart and Plenty Highways.

• • High prospective gold, copper-base metal exploration targets.

• • Well connected to existing mining infrastructure.

www.metalsgrove.com.au

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Bruce: Gold, Copper, REE-NT

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• Project (EL31225) covers an area of 127km².

• Bruce gold and copper prospect located at northeastern portion of the tenement area.

• New regional mapping and sampling completed and assays pending.

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Bruce: Gold, Copper, REE-NT

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• Previous identified three main ferruginous quartz vein sets with strike lengths up to 2.8 km.

• Veins sample results include gold values of 53.0 g/t, 15.0 g/t and 7.2 g/t, and copper values of up to 2.66%.

www.metalsgrove.com.au

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Bruce: Gold, Copper, REE-NT

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• The and high-grade gold copper

• quartz veins occur in structurally controlled shoots offset by faults and are often located in regions of locally low magnetic intensity.

• Completed mapping and sampling program covered and

• regional targets assays pending.

www.metalsgrove.com.au

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Edwards Creek: Copper, Zinc-NT

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• Drill hole DD80EC1: 4.5m @ 2.25% Cu, 0.11% Pb, 1.54% Zn, 0.14 g/t Au from 47m.

• Drill hole DD81EC2: 18.6m @ 0.22% Cu, 0.17% Pb, 0.49% Zn,

• 0.14 g/t Au from 44.3m.

• Newly discovered malachitestained ironstone returned 0.81% Cu.

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Edwards Creek: Copper, Zinc-NT

• Drill hole DD80EC1: 4.5m @ 2.25% Cu,

• 0.11% Pb, 1.54% Zn, 0.14 g/t Au from 47m.

• Newly completed drill hole 245EC001 hits 24 meters mineralisation from 103m.

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Box Hole: Zinc, Lead - NT

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• Mississippi Valley Type (MVT) deposits.

• Large tonnage carbonate hosted lead-zinc mineralisation.

• Multiple walk-up drilling targets identified.

www.metalsgrove.com.au

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Woodie Woodie North: Manganese-WA

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• Nearby mining project demonstrated manganese (Mn) mineralisation and similar geology in the project area.

• The tenement areas contain manganese outcropping stratigraphy.

• Historical working within the project area.

• Surface sampling has returned several highly anomalous manganese, assays up to 52% Mn .

• Well defined walk-up drilling targets and well connected to existing mining infrastructure.

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Manganese Outcrop
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www.metalsgrove.com.au

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Leake: Copper, Gold - WA

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• Awarded tenement E77/3152 located approximately 135 km south of Southern Cross in Western Australia.

• Considered highly prospective for copper and gold.

• Historical soil sampling identified a coherent copper anomaly situated on the northern portion of the tenement and open to the south.

• The Great Southern Gold Mine, located approximately 2 km to the south-east along a granite-granite contact, extracted 1000t at 7.13g/t in the 1920s and 2053t at 5.72g/t during the 1980s.

www.metalsgrove.com.au

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Experienced Leadership

Mr. Richard Beazley

Chairman

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Mr Lijun Yang Managing Director and CEO

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Mr Haidong Chi Non-Executive Director

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A mining engineer with 35 years of experience with a strong corporate, operational and technical background in mining, renewables, infrastructure and manufacturing and has worked on projects throughout Australia, Africa and South America.

Mr. Peter Stern

Non-Executive Director

Member of the Australian Association of Geologists (MAIG) and a member of the World Society of Economic Geologists (MSEG) with 15+ years of professional experience in geology and mineral exploration as well as project assessment in different commodities.

Extensive experience in the commodity trading markets for the past 20 years. He also holds a Master’s degree in Business Administration (MBA) from Peking University.

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Mr Luke Huang Non-Executive Director

Mr Stern is a career investment banker, having worked in the corporate advisory divisions of each of Macquarie Bank, UBS and Deutsche Bank for an aggregate 12 years

Mr Huang has a solid background in economics and finance, demonstrated by his leadership as the Managing Director at Au Xingao Investment.

www.metalsgrove.com.au

Page 14

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Contact

Address

Suite 9, Level 2 389 Oxford Street Mount Hawthorn, WA 6016

Contact

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www.metalsgrove.com.au lijuny@metalsgrove.com.au T : +61 8 9380 6789

www.metalsgrove.com.au