OMNIA METALS GROUP LTD — Capital/Financing Update 2022

Oct 26, 2022

ASX RELEASE | 27[th] OCTOBER 2022 | ASX:OM1

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Exploration Update for Ord Basin & Salt Creek Projects

HIGHLIGHTS

• Completion of reconnaissance mapping and sampling field trips at the Ord Basin Project.

• Execution of Heritage Protection Agreements with Malarngowem, Purnululu and Upurli Upurli Native Title groups.

• Stakeholder engagement including on-country meetings with Native Title groups and pastoralists.

• Completion of maiden gravity survey highlighting multiple anomalies for follow-up electromagnetic (EM) survey.

• NRG Australia engaged to complete maiden EM survey.

• Contractor secured to complete maiden drilling program at the Salt Creek Project.

Omnia Metals Group Ltd ( ASX:OM1 ) ( “Omnia” or “Company” ) is pleased to provide an exploration update on activities completed and planned at the Company’s Ord Basin Nickel-CopperPGE Project near Kununurra in Western Australia and its Salt Creek Project in the Albany-Fraser region, northeast of Kalgoorlie.

Since admission to the ASX on the 28th February 2022, the Company has been focused on setting the foundation that will enable a concerted exploration effort over its project portfolio in the ensuing years.

During this period, the Company has completed its maiden gravity survey at the Ord Basin Project, with follow-up electromagnetic (EM) surveys to be completed in November 2022. The Company has also secured a contractor to commence drilling at the Salt Creek Project in December 2022.

Omnia Metals’ Executive Director, James Warren, commented:

“We have been very active in developing the relationships that will enable us to undertake extensive exploration over the coming years, the importance of which cannot be understated.

“As a Company, we operate with the utmost integrity when engaging local stakeholders and as such we are building strong working relationships with the Traditional Owners, and their body corporate, upon who’s land we operate.

“Building these relationships and trust in culturally and environmentally sensitive areas, such as the Kimberley and Plumridge Lakes regions, takes time but we consider it a critical investment to ensure the Company’s long-term future.

“We are cognisant of upholding the highest ESG standards and will continue to do so as we work towards completing our maiden drilling programs.

“We would like to take this opportunity to thank the shareholders for their continued support throughout the year”.

OMNIA METALS GROUP LTD

ACN: 648 187 651

22 Townshend Road, SUBIACO, WA, AUSTRALIA, 6008 www.omniametals.com.au

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Exploration Update and Timeline

Since admission to the ASX, Omnia has focused on navigating the standard native title approval process to complete on-ground exploration at the Ord Basin and Salt Creek Projects. Omnia has entered into Heritage Protection Agreements (HPA) with the Malarngowem, Purnululu and Upurli Upurli Native Title Groups and the Company will build on this foundation to complete on-ground exploration activities in the coming quarter.

A HPA between the Company and Traditional Owners is entered into voluntarily and provides a framework for the management and protection of Aboriginal cultural heritage during exploration programs. In accordance with the HPA, Omnia is required to serve notice of proposed work programs to the Traditional Owners by way of a Heritage Impact Notice (HIN). The HIN process follows a series of steps which must be completed prior to the commencement of exploration. The steps are as follows:

• Step 1 – Omnia submits HIN to relevant Native Title group, outlining the proposed work program and detailing the specifics of location, timing, methods and personnel required to complete the proposed activities.

• Step 2 – Native Title group and body corporate review HIN within 30 days and arrange a meeting between Omnia and the relevant Traditional Owners and family groups.

• Step 3 – Omnia attends a meeting with the Directors of the relevant Aboriginal Corporation to outline and discuss the proposed work program. At this stage, the Traditional Owners can express any concerns about the preservation of Aboriginal Heritage and highlight known areas of cultural sensitivity.

• Step 4 – Following the meeting, the Traditional Owners provide a response to the HIN that outlines if exploration can or cannot be undertaken. If exploration can be undertaken, the response to the HIN outlines if

• a) exploration can be completed without restriction,

• b) exploration can be completed with relevant Traditional Owners monitoring the exploration, or

• c) a Heritage Survey is required with the input of anthropologists and relevant Traditional Owners prior to the commencement of exploration.

• Step 5 – In the event that monitoring or a Heritage Survey is required, Omnia facilitates these activities prior to exploration commencing.

Omnia has received approval from the relevant Native Title groups for aerial surveys at the Ord Basin Project, and for drilling at the Salt Creek Project. Following completion of aerial gravity and EM surveys at the Ord Basin Project, Omnia will submit a HIN to undertake diamond drilling to drill test the highest priority geophysical anomalies.

Due to the associated costs and time associated with completing Heritage Surveys, Omnia’s exploration strategy has focused on completing detailed geophysical surveys to delineate highpriority drill targets that will be tested with a small footprint, helicopter transported diamond drill rig.

This strategy limits the amount of ground disturbance as no tracks will be required, and small drill pads can be hand-cleared to limit the environmental and cultural impact of the exploration program. As such, this strategy will reduce the scope of any Heritage or environmental surveys.

During the summer months, heavy rainfall in the Kimberley region limits exploration so Omnia’s focus will shift to the Salt Creek Project in the Albany-Fraser region. At the Salt Creek Project, drilling will

OMNIA METALS GROUP LTD

ACN: 648 187 651

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www.omniametals.com.au

22 Townshend Road, SUBIACO, WA, AUSTRALIA, 6008

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begin in December 2022 on E39/2238, following completion of a flora/fauna survey, to follow-up historical geochemical and wide-spaced aircore programs. In conjunction, a Heritage survey will be completed on E28/3149 with drilling to commence immediately following successful completion of the surveys.

Due to the minor delays experienced by Omnia as a result of the intensive approvals process (which are standard and do not materially impact the Company’s intentions with respect to the Projects), the Company has provided an updated indicative timeline on completed and planned exploration programs since the Company’s admission to the ASX (Figure 1).

Omnia reaffirms its commitment to complete the exploration programs as outlined in the Company Prospectus with the next exploration programs to consist of electromagnetic surveys at the Ord Basin Project and aircore drilling at the Salt Creek Project. However, Omnia notes that as with any exploration program, the scale and timing of further activities will be subject to the results and success obtained on the Projects.

Additionally, the Company will continue to actively pursue further acquisitions which complement its existing future metals focus.

OMNIA METALS GROUP LTD ACN: 648 187 651

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www.omniametals.com.au

22 Townshend Road, SUBIACO, WA, AUSTRALIA, 6008

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Figure 1: Exploration Timeline

OMNIA METALS GROUP LTD ACN: 648 187 651 22 Townshend Road, SUBIACO, WA, AUSTRALIA, 6008 www.omniametals.com.au

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ASX RELEASE | X OCTOBER 2022 | ASX:OM1

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Next Steps

Ord Basin Project

NRG Australia is to begin an aerial EM survey at the Junction Prospect which is scheduled to begin in November 2022. The EM survey will follow-up on geophysical anomalies delineated from recently completed aerial gravity (refer OM1 ASX Release 10[th] August 2022). From this work, the Company aims to delineate high-priority, coincident gravity-EM targets for diamond drill testing.

Salt Creek Project

E39/2238: Following the completion of a flora survey, K-Drill has been secured to commence a 95hole, ~5,500m aircore drilling program in December 2022. The program has been designed to followup results generated from historical surface geochemical sampling and wide-spaced aircore programs.

E28/3149: Whilst drilling is ongoing on E39/2238, the Company will complete a Heritage survey with representatives from the Upurli Upurli Native Title group. Following completion of the survey, Omnia will commence a 170-hole, ~10,000m aircore campaign.

- END -

This announcement is approved for release by the Board of Omnia Metals Group

For further information please contact:

James Warren	Amalie Schreurs
Managing Director	White Noise Communications
james@omniametals.com.au	T: +61 431 636 033
	amalie@whitenoisecomms.com

ABOUT OMNIA

Omnia Metals Group Ltd (ASX:OM1) is focussed on exploring for future facing commodities used in advanced technologies, with a focus on nickel, copper and platinum group elements.

Omnia’s primary focus is 1,305km[2] of tenure in the highly Ord Basin Project, which is situated in a rapidly emerging district prospective for Norilsk-style nickel-copper-PGE and stratigraphic copper mineral systems. Historical exploration has been limited in the region, as such the Ord Basin Project represents a district scale, greenfields exploration opportunity.

Omnia’s Salt Creek Project is situated in the Albany-Fraser Orogen, one of the more dynamic exploration districts in Western Australia since the discovery of the world class Tropicana (Au) and Nova (Ni-Cu-Co) deposits in 2005 and 2012 respectively. Situated proximal to the Tropicana gold mine, the Albany-Fraser Project is surrounded by major resources and is focused along the Salt Creek Igneous Complex with favourable architecture and stratigraphy for the formation of intrusive-hosted nickel-copper sulphide deposits.

Omnia’s exploration strategy is to complete high-powered, detailed electromagnetic and gravity geophysical surveys, to delineate high-priority drill targets. Following initial geophysical and geochemical surveys, Omnia plans to complete its maiden drilling campaign in 2H-2022.

OMNIA METALS GROUP LTD

ACN: 648 187 651

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22 Townshend Road, SUBIACO, WA, AUSTRALIA, 6008 www.omniametals.com.au

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Figure 2: Location of the Ord Basin Project

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Figure 3: Location of the Salk Creek Project

OMNIA METALS GROUP LTD

ACN: 648 187 651

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22 Townshend Road, SUBIACO, WA, AUSTRALIA, 6008 www.omniametals.com.au