RAIDEN RESOURCES LIMITED — Investor Presentation 2021

Dec 19, 2021

RAIDEN PILBARA INVESTOR PRESENTATION

December 2021

ASX:RDN DAX:YM4

Disclaimer

Certain statements contained in this presentation, and in certain documents incorporated by reference in this presentation, constitute "forward-looking statements". All statements other than statements of historical fact contained in this presentation, including, without limitation, those regarding Raiden Resources Ltd's (the "Company") future financial position and results of operations, strategy, plans, objectives, goals and targets, future developments in the markets where the Company participates or is seeking to participate, and any statements preceded by, followed by or that include the words "believe", "expect", "aim", "intend", "plan", "continue", "will", "may", "would", "anticipate", "estimate", "forecast", "predict", "project", "seek", "should" or similar expressions or the negative thereof, are forward-looking statements. These statements are not historical facts but instead represent only the Company's expectations, estimates and projections regarding future events. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to predict. Therefore, actual results may differ materially from what is expressed, implied or forecasted in such forward-looking statements. Management provides forward looking statements because it believes they provide useful information to readers when considering their investment objectives and cautions readers that the information may not be appropriate for other purposes. Consequently, all of the forward-looking statements made in this presentation are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realised or, even if substantially realised, that they will have the expected consequences to, or effects on, the Company. These forward- looking statements are made as of the date of this presentation and the Company assumes no obligation to update or revise them to reflect subsequent information, events or circumstances or otherwise, except as required by law. The forward-looking statements in this presentation are based on numerous assumptions regarding the Company's present and future business strategies and the environment in which the Company will operate in the future, including assumptions regarding expected yields, future prices and business and operating strategies. Some of the risks which could affect future results and could cause results to differ materially from those expressed in the forward-looking statements contained herein, including risks associated with the Company, such as lack of revenue, risks associated with the Companies' business, such as the failure to obtain or maintain necessary licenses, and risks associated with the common shares of the Company, such as stock market volatility. Information in this presentation relating to the exploration results for the Company's projects are extracted from the Company's announcement which are available on the Company's website. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement. CAUTIONARY AND FORWARD-LOOKING STATEMENTS COMPETENT PERSON STATEMENT

The information in this announcement that relates to exploration results at the Mt Sholl Project is based on and fairly represents information and supporting documentation prepared by Mr Martin Pawlitschek, a Competent Person who is a member of the Australian Institute of Geoscientists (AIG). Mr Martin Pawlitschek is employed by Raiden Resources Limited. Mr Martin Pawlitschek has sufficient experience that is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 edition of the JORC Code. Mr Martin Pawlitschek has provided his prior written consent as to the form and context in which the exploration results and the supporting information are presented in this presentation and referenced announcements. The information in this presentation and referenced announcements that relates to Exploration Targets at the Mt Sholl Project is based on and fairly represents information and supporting

documentation prepared by Mr Bruce H van Brunt, a Competent Person who is a Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM and a full-time employee of BvB Consulting). Mr Bruce H van Brunt has sufficient experience that is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 edition of the JORC Code. Mr Bruce H van Brunt has provided his prior written consent as to the form and context in which the exploration results and the supporting information are presented in this presentation and referenced announcements. The information in this presentation and referenced announcements that relates to exploration results at the Arrow Project is based on and fairly represents information and supporting documentation, as previously announced by the Company, and has been reviewed and approved by Mr Warrick Clent, a competent person who is a member of the Australasian Institute of Mining and Metallurgy (AusIMM). Mr Warrick Clent is employed by Raiden Resources Limited. Mr Warrick Clent has sufficient experience that is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 edition of the JORC Code. Mr Warrick Clent has provided his prior written consent as to the form and context in which the exploration results and the supporting information are presented in this presentation and referenced announcements. 1Refer to ASX:RDN announcement 17 November 2021. The Company confirms that it is not aware of any information or data that materially affects the information included in the market announcement, and that all material assumptions and technical parameters continue to apply. 2Refer to ASX:RDN announcement 29 November 2021. The Company confirms that it is not aware of any information or data that materially affects the information included in the market announcement, and that all material assumptions and technical parameters continue to apply.

Corporate Overview Substantial SHAREHOLDER STRUCTURE CAPITAL STRUCTURE MARKET CAP ~$28M at A$0.021 (14/12/21) SHARES ON ISSUE ~1,375M *Performance shares & unlisted options - 200M (Serbia Projects – Expiring in '22-'23) - 73M Management performance rights - 50M Unlisted options – (Planned to be listed) TOP HOLDERS Kitara Investments ~8%

BOARD OF DIRECTORS & MANAGEMENT MICHAEL DAVY - Non-Executive Chairman Australian business executive with extensive experience in the Australian oil, gas and resources sector. Mr Davy is a director and owner of several successful private businesses. Mr Davy is also a Non-Executive Director of Vanadium Resources Ltd and Arcadia Minerals Ltd. Top 20 ~56% Top 50 ~71% Top 100 ~83% SUBSTANTIAL HOLDERS

Pacton Gold Inc ~12%

DUSKO LJUBOJEVIC - Managing Director Geologist with extensive global mining and exploration experience with a significant period spent in Eastern Europe, Africa, Central Asia and North America. Previously held senior positions in junior exploration companies; mid-tier developers and global majors. Founded and financed several exploration companies globally. MARTIN PAWLITSCHEK – Non-Executive Director

Geologist with close to 25 years exploration, development and mining experience, including BHP Billiton and senior management positions with several junior explorers, private equity investment funds and development companies (MDL, Taranga). Led successful exploration teams across Africa, Australia and the Americas. 5%

DALE GINN– Non-Executive Director Mr Ginn is an experienced mining executive and geologist of over 30 years based in central Canada. He is the founder of numerous exploration and mining companies and has led and participated in a variety of gold and base metal discoveries, many of which have entered production. His contributions have led to approximately 10 million ounces in resource generation as well as over $500 million in capital raised for exploration and development projects. KYLA GARIC - Company Secretary & Accountant

Qualified Chartered Accountant and Company Secretary with over 10 years experience working in the ASX markets. Ms. Garic is a director of Onyx Corporate in Australia

Portfolio Overview

• developments)
• province

Mt Sholl – Advanced Magmatic Ni-Cu-Co-PGE Project

OVERVIEW

20-40Mt @ 0.55%-0.75% Ni_Eq1 grade range

Mt Sholl – Magmatic Ni-Cu-Co-PGE EXPLORATION TARGET underground resources

• results

Mt Sholl– B2 Deposit

DrillholeSB2RC002	From (m)31	To (m)61	Length (m)30	Ni_Eq (% Ni)1.420
06B2DD065	31	55	24	2.151
71SD6	27.4	88.4	61	0.764
B2RC060	102	130	28	1.295
B2RC054B2RC056	111107	132134	2127	1.2181.235

High grade & broad drill intercepts defining a significant deposit

• Mineralisation open along strike in both directions
• Mineralisation open at depth on South strike
• EM drill targets already defined at depth

Significant drill intercepts on the B1 deposit:

	Significant drill intercepts on the B1 deposit:
Drillhole	From (m)	To (m)	Length (m)	Ni_Eq (%Ni)
B1RC164	76	129	53	0.648
B1RC163	88	114	26	1.087
B1RCD120	81	114	33	0.764
B1RC102	54	81	27	1.384
86SPD343	70.2	86.2	16	1.488
B1RC118	63	105	42	0.740
72SD17	88.4	136.2	47.8	0.497
B1RC127	24	70	46	0.603
			B1 Deposit is open along strike in both directions and to depth
	Significant drill intercepts on the A1 deposit:
Drillhole	From (m)	To (m)	Length (m)	Ni_Eq (%Ni)
A1RC11	136	154	18	1.806
06RZDD001	113.1	133	19.9	1.319
A1RC14	118	138	20	0.761
A1RC6	150	168	18	1.331
A1RC4	89	116	27	0.568
A1RC9	60	81	21	0.812
07RZRC007	25	51	26	0.620
			A1 Deposit is open along strike in both directions and to depth

Significant drill intercepts on the A1 deposit:

Drillhole	From (m)	To(m)		Length (m) Ni_Eq (%Ni)
A1RC11	136	154	18	1.806
06RZDD001	113.1	133	19.9	1.319
A1RC14	118	138	20	0.761
A 1 RC 6	150	168	18	1.331
A 1 RC 4	89	116	27	0.568
A 1 RC 9	60	81	21	0.812
07RZRC007	25	51	26	0.620

	Significant drill intercepts on Kudos Prospect:
SRRC43A	116	138	22	0.642
SRRC44	154	163	9	1.044
SRRC51	94	117	23	0.708
SRRC52	130	154	24	0.927
SRRC53SRRC56	159104	177121	1817	1.1840.761
SRRC57	121	149	28	0.668
Kudosprojectno/negligible	prospectisopenareadrilltesting	alongstriketodate	inbothdirections	andtodepth

Mt Sholl Project Peer Comparison* Asset has potential for enterprise re-rating

through drilling and further studies. Further details on the resource category of each of the above mentioned Total Ni/Ni_eqRAIDEN RESOURCES INVESTOR	PRESENTATION		* Market capitalisation based on closing prices and share capital as at 7/12/2021. There is no assurance that Raiden will achieve any of the valuation increases shown by the peer group nickel companies as it advances the Mt Sholl Project	Contained tonne JORC (2012) compliant resources can be found in the Appendix.

Arrow Project – Targeting Hemi-style gold system

Altered metasediments and associated Indee quartz diorite intrusions

Arrow Project – Phase 1 drilling

• deposit

Arrow Project – extensive target pipeline

• trends

• December 2019

• Key Elements to De Grey's Successful Exploration Strategy

• Recognition of intrusions as a potential host for substantial mineralisation

• Aggressive drilling program spread across multiple prospects

closing prices and share capital as at 7/6/21 (Pilbara acquisition high) and 14/12/21 (Current market capitalisation)

Key Investment Highlights

Arrow North maiden drilling campaign underway – drill results expected in early part of Q1-22. Further targeting and drilling anticipated throughout 2022 1

RAIDEN RESOURCES INVESTOR PRESENTATION 17 A large, outcropping, Ni-Cu-Co-PGE sulphide JORC Exploration Target defined at Mt Sholl. Historical data indicates mineralisation is open along strike and to depth. Significant and untested exploration potential outside of known deposits 2

Planning for JORC resource definition; aggressive extension drilling and initial MET testing throughout 2022 at Mt Sholl 3

Strategic negotiations and planning ongoing in relation to non-core Australian assets & Western Tethyan portfolio. Anticipate significant value generation and retention of upside for shareholders while retaining focus on key projects 4

Appendix PEER COMPARISON COMPANY DESCRIPTION & MINERAL RESOURCES

Appendix
			PEER COMPARISON COMPANY DESCRIPTION & MINERAL RESOURCES
Company and Website	ASX Code	Status	JORC (2012) Compliant Resources
Widgie Nickel Ltdwww.widgienickel.com.au	WIN	Resource / StudyPhase	Mt Edwards Project: (Source: (ASX:WIN) Widgie Nickel Ltd -Prospectus -20th September 2021)Resource Category: Measured –0ktIndicated –2,015kt @ 1.9% NiInferred –8,205kt @ 1.5% NiTOTAL –10,220kt @ 1.6% Ni for 162,560 Ni Metal Tonnes
Poseidon Nickel Ltdposeidon-nickel.com.au	POS	Resource / StudyPhase	Golden Swan Project: (Source: (ASX:POS) Poseidon Nickel Ltd -Golden Swan Maiden Resource -12th November 2021)Resource Category: Measured –0ktIndicated –111.6kt @ 4.7% NiInferred –48.4kt @ 2.2% NiTOTAL –160kt @ 3.9% Ni for 6,250 Ni Metal Tonnes
Panoramic Resources Ltdpanoramicresources.com	PAN	Producer	Savannah Project:(Source: (ASX:PAN) Panoramic Resources Ltd -2021 Annual Report -13th Spetember 2021)Resource Category: Measured –2,895kt @ 1.47% NiIndicated –7,462kt @ 1.62% NiInferred –3,097kt @ 1.50% NiTOTAL –13,454kt @ 1.56% Ni for 209,000 Ni Metal Tonnes
	MCR	Producer	KambaldaNickel Operation: (Source: (ASX:MCR) Mincor Resources NL -Kambalda Nickel Operations -OctoberUpdate -28th October 2021)Resource Category: Measured –270kt @ 3.7% NiIndicated –4,325kt @ 3.8% Ni

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