MINREX RESOURCES LIMITED — Investor Presentation 2021

Apr 28, 2021

• MINREX RESOURCES LIMITED ASX:MRR

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DISCLAIMER:

COMPANY HIGHLIGHTS

DEFLECTOR (WA)

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SOFALA (NSW)

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WORLD CLASS HISTORIC EXPLORATION REGIONS

DIVERSIFIED MINERAL PORTFOLIO

DEFINED EXPLORATION TARGETS

CORPORATE STRENGTH

NSW – New portfolio of project acquired in Q4 2020 within 100km of Newcrest's 43.2Moz Au Cadia deposit.

WA – Deflector Extended Project 4km along strike from Silver Lakes (ASX:SLR) 1.7Moz Au Deflector Project.

ü Gold ü Silver ü Copper ü Zinc ü Molybdenum

ü 7 exploration prospects with significant historic drill results at NSW Sofala Gold Project.

• ü 3 Historic Resources.

• ü Over 100 artisanal workings and 5

• historic operating mines.

ü $2.69M cash balance for exploration.

ü Team of gold and polymetallic exploration experts.

ü 12 month access to an RC rig from Strike Drilling.

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COMPANY PERFORMANCE AND PLANS

PAST 6 MONTHS OF PERFORMANCE

NEXT 3 MONTHS OF EXPLORATION

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HISTORIC DRILLING DATABASE (FEBRUARY 2021)

NEW GOLD PROSPECT DISCOVERY AT WILES (FEBRUARY 2021)

JOINT VENTURE AGREEMENTS SIGNED (January 2021)

MAJOR NSW ACQUISTION (DECEMBER 2020)

Completion of the acquisition of Sofala Minerals Pty Ltd and a portfolio of highly prospective exploration licences on Historic NSW Lachlan Fold Belt.

Significant soil sampling results on

Access to private historic assay results for 47 RC and Diamond drillholes at the NSW Sofala Project.

Joint-venture agreements signed with Australia United Mining and Wattle Resources.

unexplored ground in 2018.

Confirmed with shallow RC drilling at in September 2020.

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DRILLING TO COMMENCE AT WILES PROSPECT (May 2021)

DRILLING TO COMMENCE AT QUEENSLANDER (June/July 2021)

GEOPHYSICAL DATA REVIEW OF SOFALA & MT PLEASANT (May/June 2021)

Follow-up RC drilling campaign of the Wiles Prospect scheduled for May 2021.

Completion of a review of aeromagnetic data from a survey conducted in 2012 over MinRex’s Sofala and Mt Pleasant Projects.

RC drilling to commence at the historic Queenslander mine at Sofala to confirm highgrade historic drill results.

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CORPORATE SUMMARY

CAPITAL STRUCTURE
ASX Code	MRR
Share Price (12 April 2021)	A$0.022
1 Year Change	+64.29%
12 Month Range	0.009 - 0.054
Shares on Issue	551,137,055
Market Cap	A$12.12M	Figure 1 – MRR 12	Month Share Price Chart
Options Average Volume	151,523,170 2,228,411		Management and Advisors	18.86%
Cash (31 March 2021)	$2,689,716		Joint-Venture Partners	46.96%	14.51%
Debt	Zero		Retail
			Other Shareholders	19.67%

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NSW PROJECTS

A WORLD CLASS MINING REGION

WHY THE LACHLAN FOLD BELT? ü Prior was undertaken at a time of exploration – low gold prices exploration on MRR ground that was overlooked at a is $500/oz gold price more at promising $1700/oz. ü Potential to identified historic resource bring estimates to JORC2012 standards with up modern exploration. ü Potential for new discoveries on MRR ground due to historic under exploration due to low commodity prices. ü The US Geological Service recently estimated that between four and ten porphyry systems remain to be found in the Lachlan Fold Belt.

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NSW PORTFOLIO -

3 KEY PROJECTS, 4 MINERALIZATION TYPES, 5 COMMODITIES

SOFALA MT PLEASANT SUNNY CORNER COMMODITY Gold Silver, Copper, Zinc Silver, Copper, Zinc, Molybdenum	SOFALA MT PLEASANT SUNNY CORNER COMMODITY Gold Silver, Copper, Zinc Silver, Copper, Zinc, Molybdenum
LOCATION	Lachlan Fold Belt, NSW Lachlan Fold Belt, NSW Lachlan Fold Belt, NSW
DEPOSIT STYLE	Orogenic VMS Skarn, Porphyry
DRILLING ADVANCED PROSPECTS	8 8 3
SIGNIFICANT DRILL INTERCEPTS	52m@0.88g/t Au from 14m 16m@3.3g/t Au from 48m 15.1m@3.39g/t Au from 214.9m 27.74m@124g/t Ag, 0.27% Cu, 3.9% Zn 16m@46.98g/t Ag, 0.67% Cu, 4.31% Zn 48m@23g/t Ag, 5.25%Zn from 60m 0.5m@2.7% Cu from 196.3m
INTEREST TYPE	80% Joint Venture 100% Owned Farm-in Option - 90% Interest (EL5964) 100% Owned (ELA5986, EL9054)

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THE SECOND SOFALA GOLD RUSH

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SOFALA 1889
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SOFALA 2021
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• SOFALA – HISTORIC MINES AND NEW DISCOVERIES

• • Workings dating back to 1851.

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• Over 100 RC and Diamond holes drilled on prospects.

• 8 prospects with substantial drill results located along 4.5km of the Big Oakey Fault fault.

• Potential for a number of shallow high grade low tonnage gold deposits.

• Two new prospects prospects discovered in the past 4 years - Wiles Prospect and Hill X.

HISTORIC DRILL RESULTS

PROSPECT HOLE ID FROM (m) TO (m)	INTERVAL (m) Au (g/t)
Surface Ridge CSH 25 48 64	16	3.3
Surface Hill CSH 15 16 20	4 3.76
Wiles Prospect WFRC004 6 15	9 2.43
Caledonian CC 4 92 94	2 8.11
Whalans Hill CWH2 2 12	10 1.63
Big Oakey CH360-6 65 66.5	1.5 37.9
Spring Gully SGRC003 1 66	52 0.88
Queenslander QXD001 214.9 230	15.1 3.39

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• NEW GOLD DISCOVERY– WILES PROSPECT

• Discovered in 2018 with exceptional soil sampling.

• Mineralisation confirmed with shallow RC drilling by jointventure partner (Wattle Resources).

• Exploration potential for deeper drilling.

• Drilling approvals already obtained for 10 RC holes. Further approvals being sought.

  • Approved holes cover significant soil anomalies (WFS216– 9.26g/t Au).

• Potential for similar shallow gold deposits along strike of the Big Oakley Fault.

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NEW GOLD DISCOVERY– WILES RC DRILLING

• Shallow drilling with significant mineralization.

• Approval for at least 5 additional holes already granted.

• • Additional soil anomalies not yet drilled.

• • Recent exploration results show excellent potential for a shallow high grade gold resource.

CROSS SECTION – WRFC004

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CROSS SECTION – WRFC005

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• HISTORIC GOLD MINE - QUEENSLANDER

HISTORY

• Located on a fault intersection.

• 4,056 ounces produced in the late 19[th] and early 20[th] century.

• Significant high grade drill intersections.

EXPLORATION STRATEGY

• Minrex currently preparing drilling program for Queenslander.

• Drilling aims confirm existing high grade historical drill results.

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8.84/4.74
1.34/52.2
1/1.06
4.84/1.92
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OUR TEAM

Stuart Till

Chief Operating Officer

Experienced team with a track record of success in Lachlan Fold Belt exploration. MRR DIRECTORS AND EXECUTIVES George Karageorge James Bahen James Pearse Non-Executive Director Non-executive Director Non-executive Director

Glenn Whiddon

Non-executive Director

Mr Till has more than 35 years’ experience as a successful geologist in mineral exploration and mining for numerous commodities including, but not limited to, precious metals, base metals and 3 industrial minerals. For the last 12 Mr Till has been a years, consultant and director to numerous companies, including Exploration Manager with Thor Mining PLC, Consultant Chief Geologist with Tennant Creek Gold, Davenport Resources, Orion Minerals, Bardoc Gold, and more recently Chief Geologist for Pilbara Minerals and Technical Director at Argent Minerals Ltd (ASX: ARD).

Mr Karageorge is a geologist and rare, base and precious metal exploration expert with over 25 in the years’ experience mining sector. He has worked in senior technical and executive roles in exploration and mining including with Western Mining Corporation, Anglo Gold Ashanti, Barrick Mines and is best known as a founding geologist of lithium producer, Pilbara Minerals. Mr Karageorge is Chief Executive Officer and Managing Director at Argent Minerals Ltd (ASX: ARD).

Mr Bahen is a Corporate Advisory Executive Mr Pearse is a corporate lawyer with over 10 and Chartered Secretary who commenced his years’ experience working for national, career in audit and assurance with a chartered international and boutique law firms advising accounting firm. He is currently a Company Australian businesses primarily in the mining, Secretary to a number of ASX listed oil & gas and technology sectors. companies. Mr Bahen is a member of the Governance Institute of Australia (GIA) and Mr Pearse holds Bachelor degrees in both Law holds a Graduate Diploma of Applied Finance and Commerce majoring in Finance. and a Bachelor of Commerce degree majoring in Accounting and Finance.

Mr Whiddon has an extensive background in equity capital markets, banking and corporate advisory with a specific focus on natural resources.

Mr Whiddon holds a degree in Economics and has extensive corporate and management experience.

He is currently Director of a number of Australian and international public listed companies in the resource sector.

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CONTACT US

ASX:MRR Level 11, 216 St Georges Terrace Perth Address WA 6000 Director George Karageorge Email Key Contact George.Karageorge@minrex.com.au Telephone 0419 944 484 @MinrexResources www.minrex.com.au

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