ORBMINCO LIMITED — Investor Presentation 2021

Dec 19, 2021

Ni-Cu-PGE + Gold Exploration Projects

Investor Presentation December 2021

Kevin Seymour Managing Director

WOOMERA MINING LIMITED

DISCLAIMER

This presentation doesn’t include all the information on Woomera Mining Limited and should not be used in isolation as a guide to investing in the Company. Any potential investor should also refer to the Woomera Mining Limited’s Annual Reports, filings and ASX releases and take independent professional advice before considering investing in the Company. For further information about Woomera Mining Limited, visit the website at www.woomeramining.com.au

COMPETENT PERSONS STATEMENT

The exploration results reported herein, insofar as they relate to mineralisation, are based on information compiled by Mr Kevin Seymour. Mr Seymour is a Member of the Australasian Institute of Mining and Metallurgy who has over thirty five years of experience in the field of activity being reported. Mr Seymour has sufficient experience which is relevant to the styles of mineralisation and types of deposit under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ relating to the reporting of Exploration Results. Mr Seymour consents to the inclusion in the report of matters based on his information in the form and context in which it appears.

FORWARD LOOKING STATEMENTS

Certain statements in this document are or maybe “forward-looking statements” and represent Woomera’s intentions, projections, expectations or beliefs concerning among other things, future exploration activities. The projections, estimates and beliefs contained in such forward looking statements necessarily involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Woomera, and which may cause Woomera’s actual performance in future periods to differ materially from any express or implied estimates or projections. Nothing in this document is a promise or representation as to the future. Statements or assumptions in this document as to future matters may prove to be incorrect and differences may be material. Woomera does not make any representation or warranty as to the accuracy of such statements or assumptions.

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INVESTMENT HIGHLIGHTS Australian Explorer with High Quality Exploration Assets

1 High Quality Assets

Woomera’s assets are prospective for Gold, PGE, Copper, Nickel, Cobalt and Lithium including the Mt Venn JV in WA, tenements in the Musgrave Province and Gawler Craton of SA and a tenement application in the Pilbara region of WA

2 Recent Exploration Success

The Company recently completed a number of successful gold and base metal exploration programs including RC drilling to test gold and base metals at its Mt Venn JV Project

3 Significant Potential

Additional exploration scheduled throughout FY22 to assess the underexplored Musgrave and LaybrinthProjects along with continued exploration at the Mt Venn JV Project

4 Easy Access to Infrastructure

Woomera’s assets are located in investor-friendly mining jurisdictions, close to existing mines and/or deposits and have established main roads or rail lines that may allow for low-cost production

5 Experienced Board & Management

Woomera’s Board and management team have a history of success in South Australia and Western Australia and have significant experience leading early-stage exploration companies to production and beyond

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CORPORATE SNAPSHOT

ASX: WML

Share Price (16 Dec 2021): $0.016 per share Shares on Issue: 618.8 million Options: 205.2 million Market Capitalisation: $9.9 million Cash (16 Dec 2021):* $2.3 million Debt (30 Jun 2021): Nil Enterprise Value: $7.6 million

Major Shareholders

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David Lindh, 5.48%
Ian Gordon, 0.48%
Kevin Seymour, 1%
David Richards, 0.28%
Other
Shareholders,
93.47%
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Share Chart Summary

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3.5 40
35
3.0
30
2.5
25
2.0
20
1.5
15
1.0
10
0.5
5
0.0 0
Dec-20 Mar-21 Jun-21 Sep-21 Dec-21
Volume (Millions)
Closing Share Price ($ cents /share)
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Volume Close

*Unaudited estimate (Includes November Rights Issue)

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LEADERSHIP TEAM

Experienced and Highly Regarded Board of Directors

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Kevin Seymour

Managing Director

• +35 years (Geologist)

• • Formerly General Manager at Ramelius Resources (ASX:RMS)

• Led discovery teams for Lady Ida (Kalgoorlie) and Eridanus (Mt Magnet), in WA

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Ian Gordon

Non–Executive Director

• +25 years (Mining Executive)

• Non-Exec. Director Dreadnought Resources (ASX:DRE)

• Formerly MD at Ramelius Resources (ASX:RMS) and Flinders Mines (ASXLFMS)

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David Richards

Non-Executive Director

• +40 (Geologist)

• • Technical Director – Liontown Resources (ASX:LTR)

• Led discovery teas for Vera-Nacy/Pajingo (Qld) and the Kathleen Valley Lithium Deposits in WA

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David Lindh

Non-Executive Director

• +40 years (Lawyer)

• • Chairman NuCannaCo Science

• Formerly Chairman Centrex Metals (ASX:CXM)

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OVERVIEW OF OPERATIONS Prospective Australian Exploration

• Woomera is currently exploring three world-class nickel, copper and gold provinces located in Western Australia and South Australia:

• Yilgarn Craton - Mt Venn JV (Au + Ni-Cu-PGE) Project – 80% Woomera Mining (WML) / 20% Cazaly Resources

• Musgrave Province – Musgrave (Ni-Cu-Co) Project – 100% WML

• Gawler Craton - Labyrinth (Cu-Au) Project – 100% WML

• The Company enjoys excellent access to rail and road infrastructure in low-risk, investor friendly mining jurisdictions

• Woomera is currently advancing new farmin/JV/acquisitions opportunities whilst continuing exploration activities

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Pipeline of targets over multiple projects

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MT VENN PROJECT Proven Gold and Base Metal Exploration Project

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• The Company’s Mt Venn Project covers 50km of continuous strike within the underexplored Mt Venn Greenstone Belt

• Woomera completed over 9,900m of RC + AC drilling during FY2021

• Significant nickel and copper intersections emerging from the Mt Cornell Prospect, within the Mt Cumming Ni-Cu-PGE Mafic Sill Complex

• Successfully defined three stacked mineralised lodes (Mama Bear, Baby Bear and Papa Bear) over 4km strike at the Three Bears Gold Prospect

• Heritage approvals received for auger soil programs at Mt Cumming South, Jutson Dome and Wartu Granite to proceed in 2022

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MT VENN PROJECT (cont.) Mt Cornell – Emerging Base Metal Project

• The Company has recently completed a significant drilling program at the Mt Venn JV Project which tested multiple VTEM anomalies at Mt Cornell, located within the larger Mt Cumming NiCu-PGE Intrusive Mafic Sill Complex

• Significant nickel and copper massive sulphide mineralisation was intersected in two RC holes at Mt Cornell, including:

• 11m at 0.34% Ni and 0.42% Cu from 41-52m in MVRC064, including:

  • 2m at 1.31% Cu from 42-44m and;

  • 2m at 0.87% Ni from 47-49m

• 5m at 0.31% Ni and 0.65% Cu from 94-99m in MVRC065, including:

  • 1m at 0.71% Ni and 0.51 g/t Pt+Pd from 94-95m and;

  • 1m at 1.68% Cu from 97-98m

• Assay results awaited for the remainder of the drilling program

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MT VENN PROJECT (cont.) Mt Cornell – Emerging Base Metal Project

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200m flight line – Airborne EM image

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MT VENN PROJECT (Cont.) Mt Cornell – Next Phase: Step-out RC & Diamond Drilling

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6131600mN
5m @ 0.65% Cu + 0.31% Ni
6131200mN
Cross sections – looking north 2m @ 0.24% Ni
11m @ 0.42% Cu + 0.34% Ni
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MT VENN PROJECT (cont.) Mt Cornell – The Untested Potential

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Inferred feeder channel
Folded Gabbro
Magnetic Ultramafic - below Gabbro and
above sulphide mineralisation
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MT VENN PROJECT (cont.) Three Bears – A Large Underexplored Gold System

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MUSGRAVE PROJECT

Underexplored Ni-Cu-Co Province

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• WML holds over 1,600km[2] of granted tenure within the Musgrave Province, in South Australia

• Similar geological setting to the Nova Bollinger Ni-Cu and Julimar PGE-Ni-Cu deposits

• Proximal to Craton Margin and mantle tapping structures

• Woodroffe Thrust + gravity ridge pass through the project

• Known prospective Giles Complex rocks that host OZL’s Nebo-Babel Ni-Cu deposit identified

• Historical assays up to 19m at 0.2% Ni* returned in ultramafic cumulates from 8m depth at Cavanagh (centre of project holding)

*CRA (1997): EL2020 Mt Howe Project – Exploration Report 23518. South Australian DME Open File Exploration Report

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LABRINTH PROJECT

Gawler Craton – World Class Cu-Au Province

• Located 60km east of the Tarcoola gold mine and 200km west of Coda Minerals’ Elizabeth Creek IOCG discovery*

• Known gold mineralisation associated with outcropping Hiltaba Suite Granites at the Labyrinth gold workings, immediately west of tenement

• Coherent plus-4ppb Au, calcrete soil anomaly (defined from reconnaissance 1.5km sample centres**)

• 10km of anomalous strike

• Heritage clearances approved

• Infill planned, with ~500 (300mx300m) auger calcrete soil samples

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• Coda Minerals (ASX: COD) The New Copper Growth Story on ASX – Resource Rising Sat Conference October 2021 ** GSSA Statewide Geochemical Dataset – compilation of historical company report data

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UPCOMING EXPLORATION Maintaining Momentum

Project	Prospect	Activity	January	February	March	April	May	June
Musgrave	Cavanagh	Shallow RAB/Aircore geochem
	Area#2 (Cavanagh Ext.)	Shallow RAB/Aircore geochem
	Area#3 (O'Mahoney)	Shallow RAB/Aircore geochem
	Regional	VTEM over Cavanagh/O'Mahoney
Labyrinth	Regional	Auger Calcrete Sampling
Mt Venn JV	Kennecott (Ni)	Single fence Aircore
	Mt Cumm. Sth (Au)	400 x 50m Auger geochem
	Jutson Dome (Ni)	800 x 50m Aircore
	Jutson Rocks (Au)	400 x 50m Auger geochem
	Wartu Granite (Au)	400 x 50m Auger geochem
	Mt Cumming (Ni)	RC Data Review/PoWplanning
	Three Bears (Au)	RC Data Review/PoWplanning

Heritage/PoW/Data Compilation Site Preparation Geochemistry Geophysics Drilling

H2 FY2022 Exploration Budget: $1.42M*

• Pending mid year review

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INVESTMENT CASE WHY INVEST IN WOOMERA

• UNDER NEW MANAGEMENT

• Focused on large, highly prospective, underexplored land positions

• Exploring world-class mineral provinces in

• investor-friendly jurisdictions

• Targeting Au + Ni-Cu-PGE deposits

• Multiple projects to maintain news flow

• Modest enterprise value = leverage to exploration success

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www.woomeramining.com.au

THANK YOU THANK YOU This presentation has been approved by the Board of Directors of Woomera Mining Limited

Phone +61 8232 6201 General Enquiries info@woomeramining.com.au

Principle Office Address Suite 116, 147 Pirie Street Adelaide SA 5000

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