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RESOLUTION MINERALS LTD Investor Presentation 2021

Mar 15, 2021

65717_rns_2021-03-15_d893090a-9a8d-491b-a0a0-e2b179bcf3a8.pdf

Investor Presentation

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Australian Energy & Minerals Investor Conference Presentation

Resolution Minerals Ltd (ASX:RML) (Resolution or the Company) is pleased to provide investors with the opportunity to attend virtually or in person, the upcoming Australian Energy & Minerals Investor Conference Presentation by Managing Director Duncan Chessell this Thursday 18 March 2021 at 10am in Brisbane.

Conference online registration and program details

https://www.australianenergyconference.com.au

The presentation will cover plans for drilling at the 64North Project in Alaska due to commence in late March at the Sunrise Prospect and exploration plans for the Wollogorang Copper-Cobalt Project in the Northern Territory.

For further information please contact the authorising officer:

Resolution Minerals Ltd M: +61 414 804 055

E: [email protected]

CAPITAL STRUCTURE

Ordinary Shares Issued 424 M

Options and rights Listed options 6.1 M @ 10c Listed options 74.6 M @ 12c Unlisted options 12.3 M @ 25c Unlisted options 13.4 M @ 8c Unlisted rights 10.6 M

Duncan Chessell Follow RML on LinkedIn or Twitter Managing Director or visit our website www.resolutionminerals.com

BOARD

Performance Shares Class A 9.6 M Class B 3.6 M

Last Capital Raise February 2021 – Placement $3.2M @ 2.8c

Craig Farrow- Chair Duncan Chessell - MD Andrew Shearer - NED Jarek Kopias - Co Sec

Level 4, 29 King William Street Adelaide SA 5000

16 March 2021

INVESTOR PRESENTATION

"Hunting for Big Deposits In Big Country" Gold and Copper Exploration Alaska and Australia

Global uncertainty and volatility retain gold's attractiveness

The voracious appetite for copper, cobalt, nickel, aluminium and other battery metals required to convert the world from fossil fuels to green electrical alternatives is now a short-medium and long term reality.

Assets all in Top 10 ranked mining jurisdictions

COMPANY OVERVIEW

Resolution Minerals Ltd (RML) is a junior mineral explorer with projects prospective for in-demand commodities gold, copper and other battery metals. RML believes the largest short and medium term value creation for shareholders is through discovery success.

Duncan Chessell - Managing Director BSc, MAIG, MAusIMM, GAICD

Geologist, 20+ years experience in business and oil, gas, precious and battery metals exploration and project generation in Australia and Papua New Guinea. Triple Mt Everest summiteer, and currently Non-Executive Director of The Outdoor Education Group.

Craig Farrow – Chair

Non-Executive; Chartered Accountant with a strong commercial acumen across multi sectors including agriculture, professional services and technology. Previous Directorships include Vocus Group (ASX:VOC) amongst others.

Andrew Shearer - Director

Non-Executive; Geophysicist with a technical and corporate background as a resource analyst. Currently also a Non-Executive Director of Andromeda Metals (ASX:ADN), Investigator Resources (ASX:IVR) and half-time Executive Director of Okapi Resources (ASX:OKR).

Christine Lawley - Exploration Manager BSc(Hons), MSc, RPGeo, MAIG, MAusIMM

Christine has 15 years' mineral exploration experience in gold, base and strategic metals with Newmont, Musgrave Minerals and Iluka and holds a Masters Degree in Ore Deposit Geology.

Rebecca Gower – VP Exploration Alaska BSc, MSc, MSEG, MAusIMM

Rebecca has 15 years' mineral exploration in Alaska, South America and Australia in precious and base metals including 8 years gold and nickel exploration in Australia. Based in Fairbanks Alaska, Rebecca manages the 64North and Snettisham Projects.

Kelvin Blundell - Consulting Geophysicist

Sandfire's consulting geophysicist for the significant DeGrussa Cu-Au massive-sulphide discovery and recent success with Musgrave Minerals, Kelvin has 20 years experience internationally having worked on projects in Australia, Canada and Africa in precious and base metals.

Post Capital Raise 19th February 2021 ASX:RML15 March 2021 Capital Structure -
Ordinary Shares (post allocation of Placement Shares) 423m
Top 20 Shareholders ~25%
Cash 31 December 2020 Quarterly Report + Capital Raise after costs $1.3m + $3m
Total Number of Shareholders ~2400
Options ($0.042/sh~Apr-22) * Subject to Shareholder approval 58m
Options ($0.10/sh, 30/6/22) Listed RMLOA 6.1m
Options ($0.12/sh, 30/9/23) Listed RMLOB 75m
Options ($0.25/sh, 6/9/21) 5.8m
Options ($0.25/sh, 21/3/21) 6.5m
Options ($0.08/$0.10/sh, 30/11/22) -escalating price / year 13.4m
Unlisted rights (m) –(to Board and Management) 10.7m
Performance Shares -Class A (m) (IPO Vendor milestones on Wollogorang, 6/9/2022) 9.6m
Performance Shares -Class B (m) (IPO Vendor milestones on Wollogorang, 6/9/2022) 3.6m

2021 EXPLORATION STRATEGY AND NEWS FLOW

Aims of the next 6 months – Test three of Resolution's best existing prospects

  1. Drill test highest priority gold (2) and copper (1) drill ready prospects in Alaska & Northern Territory

  2. Generate further drill targets on Northern Territory projects – battery metals

  3. Provide significant news flow to investors, maximise $ in the ground, diligent on ground work and targeting

Then: >>> Focus further drilling on the best opportunity to add shareholder value - based on results

assay results

ALASKA TINTINA GOLD PROVINCE –GIANT GOLD DEPOSITS!

Deposit sizes stated as Endowment (Resources & Reserves + Historic Production), from Company websites, as listed on disclaimer slide

The 64North Project – Alaska

  • Drill testing 2 potential GIANT size gold prospects in 2021: Sunrise and East Pogo
  • 672km2 surrounding the 11M oz Au Pogo Gold Mine owned by Northern Star (ASX:NST)
  • 30% interest achieved with right to earn a:
    • 42% intertest further US$0.9m spend (18 months)
    • 51% interest further US$2.35m (2 years) then JV or
    • 60% interest further US$2.35m (3 years).
  • In 2020 built a strong pipeline of 30 prospects and acquired new geophysical data sets and built jurisdictional expertise.
  • Operational control of project in 2021

The focus of drilling for 2021 will be the recently identified compelling 50-150m depth East Pogo Prospects and the road-side outcropping Fort Knox style gold system at the Sunrise Prospect

64NORTH PROJECT - ALASKA

Sunrise Prospect

Outcropping mineralisation identified in late 2020

Entire 137m of road-cutting samples returned elevated gold, demonstrating scale potential of an outcropping Fort Knox style (intrusion hosted) gold system. (Note a 0.1g/t Au cut-off grade at the Fort Knox Mine production cost of $1,054/oz for 2020*)

  • 93m @ 0.29g/t Au including 27m @ 0.53g/t Au; max 1m interval of @ 1.89g/t Au
  • 3000m RAB drill program organised for a March 2021 start.

East Pogo Prospects

Compelling shallow drill targets

  • Positioned on the mineralised Pogo Trend between the Pogo Mine & Tibbs discovery
  • 50-150m deep Pogo-style potential high-grade gold over three zones identified from extensive 2020 geophysics surveys (US$400K)
  • Historic drill holes of high-grade gold intersections open along-strike supports the prospectivity of East Pogo.
  • 2000m RAB drill program May-June 2021

64NORTH: SUNRISE PROSPECT DRILLING MARCH-APRIL

3000m RAB drilling program

  • Commencing late March 2021
  • Targeting outcropping Fort Knox style mineral system to test scale - highlighted in 2020 trenching program
  • Covering historic gold in soil anomaly
  • Using existing RML tracks, next to Pogo Mine Road - all year access

The Fort Knox Mine Fairbanks Alaska Kinross full year report 2020* states:

  • 237,925 oz Au Produced 2020
  • US$1,054/oz Au Production cost
  • 0.1g/t Au cut off grade
  • 0.2g/t Au grade of heap leach
  • 2.4m oz @ 0.3g/t Au Reserves
  • 2.6m oz @ 0.3g/t Au M&I Resources
  • Produced 8M oz Au over 20 year mine life approximate resource size ~1100m x ~900m

* www.Kinross.com full year results 10 Feb 2021

64NORTH: SUNRISE OUTCROPPING FORT KNOX STYLE

Surface trenching demonstrates outcropping Fort Knox style system

  • Entire 137m of road-cutting samples return elevated gold results in January 2021
  • 3000m of cost effective shallow RAB drilling will determine the scale potential and extent of mineralisation over 1400m fence line of 60-80m deep holes

NORTHERN TERRITORY BATTERY METAL PROJECTS

Wollogorang Project (Cu-Co)

  • Drill the Gregjo Copper Prospect to test chargeable IP geophysical anomaly underlying copper mineralisation intersected in shallow RAB drilling
  • Covering 3825km2 in the McArthur Basin prospective for sedimentary hosted battery metals: copper, cobalt and prospective for hard rock uranium. 100% owned.
  • Stanton Cobalt Deposit (942kt @ 0.13% Co, 0.06% Ni, 0.12% Cu)
  • Wollogorang is positioned on Geoscience Australia's newly identified base metal corridor - (Hoggard et al 2020)
  • Previous cobalt exploration (>$10m) by CRA (Rio Tinto) and N27 targeted narrow small scale breccia pipes not the large regional scale fault systems. These programs intersected Cu in shallow drilling on regional structures demonstrating the model for large scale sedimentary hosted systems. Due to corporate / commodity prices the copper potential was not followed up. Cu is now at a 10 year high…

Benmara Project (option to acquire100%)

  • Complementary to Wollogorang covering 663km2 along-strike from the Walford Creek Cu-Ag-Pb-Zn-Co and Westmoreland U Deposits on the Fish River Fault
  • Anomalous Copper-Silver-Lead-Zinc in surface geochem, potential for IOCG and Uranium

Major and mid-tier companies exploring in the region include South32, Rio Tinto, BHP, Newcrest and OZ Minerals and world class deposits in production e.g.McArthur River Mine

THE WOLLOGORANG COPPER-COBALT PROJECT

Gregjo Prospect (Cu) - to be drill tested in 2021

  • Regional scale fault source of metal rich fluids
  • 800m x 200m Cu zone identified in shallow drilling
  • Open along-strike to SE and NW
  • Flat lying favourable sedimentary host rocks
  • UNTESTED chargeable (IP) geophysics anomaly 60m depth to top of target (below 30m deep RAB drilling)
  • Indicative drill intersection 7m @ 1.23% Cu from 4m (18RAB13); Including 1m @ 4.2% Cu in RAB drilling

Running Creek Prospect (Cu-Co)

  • Chargeable (IP) geophysics anomaly untested
  • Indicative drill intersection: 55m @ 0.78% Cu from 1m (18RAB102) - including 33m @ 1.1% Cu from 11m.

1000m RC drilling to test IP anomalies mid-year

Stanton Cobalt Deposit* Total Mineral Resource Estimate 942,000t @ 0.13% Co, 0.06% Ni and 0.12% Cu

*See ASX announcement 9/4/2018 (ASX:N27) for Company JORC (2012) resource statement.

WOLLOGORANG PROJECT: GREGJO PROSPECT

APPENDIX TECHNICAL / DETAILS

64NORTH: EAST POGO SHALLOW HIGH GRADE GOLD TARGETS

  • Extensive RML geophysics surveys (US$400K) in 2020 (ground-based CSAMT, airborne ZTEM and MAG surveys) identified compelling drill targets for summer 2021 season
  • Combined Historic Data review with on ground mapping
  • Identification of a low angle shear Pogo-style targets within range of low cost RAB drilling
  • 2000m RAB program ~22 holes (50-150m depth) will evaluate the potential of East Pogo to host high-grade gold mineralisation near surface.

64North Project: 30% Interest in 64North Project
Stage RML US$CASH SPEND % Earnin RML RMLShares to StageCompletion Due Date*
Millrock Fee US$
Year 2 $0.9m 42% - $100,000 31/1/2022
Year 3 $2.35m 51% 10m $100,000 31/1/2023
Right to form JV on co-funding basis or continue to earn-in
Year 4 $2.35m 60% 10m $100,000 31/1/2024

First right of refusal over vendor interest (Millrock Resources).

Vendor (Millrock Resources) is a project generator listed on the TSXV: MRO

Pathway to 80% on one "best Block" of 9 blocks, by loan carrying vendor to first production.

Minor NSR royalties to historic prospectors range from 0% to maximum 1.5% on certain areas with buy downs.

*One off 6 month "grace period" can extend in any one due date by 6 months. i.e. Year 2 would become 31/7/2022.

– see ASX:RML Announcement 9 February 2021 for more details.

Project Interest Details
Benmara 0% Right to purchase 100% for AUD$250k cash or scrip until 14/12/21
Wollogorang 100% IPO Asset 2017, 12.9m Resource (JORC 2012) Milestone Performance Shares Expire 6/9/22
Snettisham 100% 1m Milestone Shares on Resource (JORC 2012) definition or retain claims as on 17/12/21

DISCLAIMER, JORC INFORMATION & COMPETENT PERSONS STATEMENT

This presentation has been prepared by Resolution Minerals Ltd (Resolution). This document contains background information about Resolution current at the date of this presentation. The presentation is in summary form and does not purport to be all inclusive or complete. Recipients should conduct their own investigations and perform their own analysis in order to satisfy themselves as to the accuracy and completeness of the information, statements and opinions contained in this presentation. This presentation is for information purposes only. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sales of shares or other securities in any jurisdiction. This presentation is not a prospectus, product disclosure statement or other offering document under Australian law (and will not be lodged with the Australian Securities and Investments Commission (ASIC)) or any other law. This presentation does not constitute investment or financial product advice (nor tax, accounting or legal advice) and has been prepared without taking into account the recipient's investment objectives, financial circumstances or particular needs and the opinions and recommendations in this presentation are not intended to represent recommendations of particular investments to particular persons. Recipients should seek professional advice when deciding if an investment is appropriate. All securities involve risks which include (among others) the risk of adverse or unanticipated market, financial or political developments. To the fullest extent permitted by law, Resolution, its officers, employees, agents and advisors do not make any representation or warranty, express or implied, as to the currency, accuracy, reliability or completeness of any information, statements, opinions, estimates, forecasts or other representations contained in this presentation. No responsibility for any errors or omissions from this presentation arising out of negligence or otherwise are accepted. This presentation may include forward - looking statements. Forward - looking statements are only predictions and are subject to risks, uncertainties and assumptions which are outside the control of Resolution. Actual values, results or events may be materially different to those expressed or implied in this presentation. Given these uncertainties, recipients are cautioned not to place reliance on forward looking statements. Any forward - looking statements in this presentation speak only at the date of issue of this presentation. Subject to any continuing obligations under applicable law, Resolution does not undertake any obligation to update or revise any information or any of the forward - looking statements in this presentation or any changes in events, conditions, or circumstances on which any such forward looking statement is based.

JORC Information

This report includes results that have previously been released under JORC 2012 by the Company Additional details including JORC 2012 reporting tables, where applicable can be found in the following relevant announcements lodged with the ASX and the Company is not aware of any new data or information that materially affects the information included in the announcements listed; 24 November 2017 as "High Grade First Drill Results - Stanton Cobalt Deposit", 29 November 2017 as "Further High Grade Cobalt Results - Stanton Cobalt Deposit", 7 December 2017 as "Stanton Cobalt Resource Remains Open in Multiple Directions", 22 December 2017 as "Detailed Magnetic Survey over Stanton Cobalt Deposit", 5 February 2018 as "Final Drilling Results 2017 Drilling Program", 7 May 2018 as "Stanton Cobalt Resource Diamond Assay Results", 30 May 2018 as "Regional Cobalt Targets Identified on Wollogorang Project", 28 August 2018 as "Copper discovered at First Drill Target", 19 September 2018 as "Copper Discovery Grows at Gregjo Prospect", 28 September 2018 as "AGM Managing Director's Presentation", 9 October 2018 as "Copper Intersection

Confirms New Model at Running Creek", 19 October 2018 as "Cobalt System Developing at Running Creek", 14 December 2018 as "Cobalt and Copper System Confirmed at Running Creek" and 22 January 2019 as "Geophysics Highlight Potential at Gregjo", and on the 64North Project: "2019 AGM Managing Director's Presentation" on 26 November 2019, "Exploration Update - 64North Project Alaska" on 14 May 2020, "Drilling Update - 64North Project Alaska" on 24 June 2020, "Investor Presentation - Noosa Mining Virtual Conference" on 13 July 2020, "Drilling Commenced at Reflection Prospect - 64North" on 25 August 2020, "Assays and Operations Update 64North Project Alaska" on 10 September 2020, "Boundary Prospect Results at Pogo Trend - 64North Project" on 24 September 2020, "Drilling Results West Pogo Block - 64North Project, Alaska" on 29 September 2020, "Quarterly Report September 2020" on 30 October 2020, "Alaska Miners Association Technical Presentation" on 5 November 2020, "New Claims Added East Pogo – 64North Project, Alaska" on 14 December 2020, "Outcropping Gold System Identified - Assay Results 2020, 64North, Alaska" on 18 January 2021 and " Positive revision of JV agreement for 64North project, Alaska" on 9 February 2021 .

Competent Persons Statement

The information in this report that relates to Exploration Results is based on information compiled by Mr Duncan Chessell who is a member of the Australasian Institute of Mining and Metallurgy and Australian Institute of Geoscientists. Mr Chessell is a Director and full- time employee of the company. Mr Chessell holds Shares, Options and Performance Rights in the Company as has been previously disclosed. Mr Chessell has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken 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 Duncan Chessell consents to the inclusion in the report of the matters based on his information in the form in which it is appears.

Project Ownership

64North Project - RML holds a 30% Interest and is earning to a 60% interest from Vendor Millrock Resources with a pathway to earn up to 80% on a "best block". See ASX:RML Announcement 9/2/21. Benmara Project RML has Option to purchase 100% interest, see RML Announcement 15 Dec 2020. Wollogorang 100% interest. Snettisham 100% interest.

Australian Projects Location Map – source of data Geoscience Australia (LAB 170km Depth Corridor - Hoggard et al 2020), Northern Territory Government of Australia (STRIKE Tenure and Geoscience Information, Queensland Government (Open Data Portal Queensland Mining and Exploration Tenure Series). Tintinta Gold Province Map – source of data: Kensington (Coeur Mining, www.coeur.com ), Pebble (Northern Dynasty, www.northerndynastyminerals.com ) , Pogo (Northern Star Resources, www.nsrltd.com ), Fort Knox (Kinross, www.kinross.com ), Donlin Creek ( NovaGold , www.novagold.com ), Livengood (International Tower Hill Mines, www.ithmines.com ), Eagle & Dublin Gulch (Victoria Gold Corp, www.vgcx.com ), Brewery Creek (Golden Predator,

www.goldenpredator.com ), White Gold (White Gold Corp, whitegoldcorp.ca ), Coffee (Newmont, www.newmont.com ) .

CONTACT

16 March 2021 Authorised for release by Duncan Chessell Managing Director Resolution Minerals Ltd ASX:RML +61 414 804 055 (direct)

[email protected] Level 4, 29 -31 King William Street Adelaide SA 5000, AUSTRALIA www.resolutionminerals.com

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