RIEDEL RESOURCES LIMITED — Investor Presentation 2021

Oct 18, 2021

Kingman Project High-grade Gold & Silver in Arizona

O c t o b e r 2 0 2 1 | A S X : R I E

D I S C L A I M E R

Cautionary Statements, Disclaimers & Forward Looking Statements

This presentation ( Presentation) has been prepared by Riedel Resources Limited (Riedel or the Company) based on information available to it from its own and third party sources and is not a disclosure document. By retaining this Presentation, you (the Recipient) acknowledge and represent to Riedel that you have read, understood and accepted the terms of this disclaimer. This presentation contains summary information and does not purport to be complete.

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Given the risks and uncertainties that may cause Riedel’s actual future results, performance or achievements to be materially different from those expected, planned or intended, Recipients should not place undue reliance on these intentions, expectations, future plans, strategy and prospects. Riedel does not warrant or represent that the actual results, performance or achievements will be as expected, planned or intended.

This Presentation may contain certain “forward-looking statements” which may not have been based solely on historical facts, but rather may be based on the Company’s current expectations about future events and results. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, forward looking statements are subject to risks, uncertainties, assumptions and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to metals price volatility, currency fluctuations, increased production costs and variances in ore grade or recovery rates from those assumed in mining plans, as well as political and operational risks, and governmental regulation and judicial outcomes. Forward looking statements/projections are inherently uncertain and may therefore differ materially from results ultimately achieved. Riedel does not make any representations and provides no warranties concerning the accuracy of the projections. The Company does not undertake any obligation to release any revisions to any “forward-looking statement” to reflect events or circumstances after the date of this presentation, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.

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K I N G M A N P R O J E C T
A P R OV E N A N D H I S TO R I C M I N I N G C E N T R E
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Project located near Kingman, Arizona
Las Vegas
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Only 140 km’s from Las Vegas
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Numerous historic mines & little modern exploration
Kingman Project
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Mined from 1880’s to 1940’s (coinciding with the onset of WW2)
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Diamond drilling in 2019 & RC drilling in 2021 intersected multiple,
shallow, high-grade gold and silver intercepts across the project area
• Numerous high grade intersections at the Tintic Mine area Phoenix
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THE SUMMER OF 1937…

L O O K I N G F O R G O L D I N T H E S H A D O W O F T H E H E A D F R A M E !

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KINGMAN PROJECT – ARIZONA

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c. 1937
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Historic underground mine sampling @ Arizona-Magma (Diana) Mine - 1880’s to 1942:

• Samples from the 200ft and 300ft levels at Arizona-Magma (Diana) Mine (circa 1888)

• Average mined vein width 1.5m (minimum 0.5m & maximum 2.1m)

• Average gold grade ~23g/t (minimum ~3.7g/t & maximum ~51g/t)

• Average silver grade ~883g/t (minimum ~26g/t & maximum ~19,725g/t = nugget effect)

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2019
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LARGE AREA - NUMEROUS HISTORIC MINES

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Chloride
Arizona-Magma
Tennessee Mine – 1,400ft
Tintic
Zn/Pb/Au/Ag
Jim’s Mine
Kingman Project
Mineral Park Mine
Large copper-moly mine
Interstate
3km
Emerald Isle Mine
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- TINTIC THE STANDOUT

Results include (ref ASX announcement 23 March 2021):

• ➢ 3.8m @ 98.8 g/t gold & 151 g/t silver from 20.6m incl.

➢ 1.5m @ 230.8 g/t gold & 359 g/t silver from 20.6m ; (hole CHL-004) ➢ 1.5m @ 15.56 g/t gold & 29.3 g/t silver from 28.2m (2021-CHL-002) ➢ 4.6m @ 4.44 g/t gold & 7.8 g/t silver from 18.3m (2021-CHL-003) ➢ 4.6m @ 4.24 g/t gold from 10.7m (2021-CHL-005) ➢ 1.5m @ 11.46 g/t gold & 35 g/t silver from 20.6m (2021-CHL-009) ➢ 1.5m @ 571 g/t silver from 33.5m (2021-CHL-010) ➢ 1.5m @ 39.3 g/t gold & 323 g/t silver from 37.3m (2021-CHL-011)

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Refer ASX Announcement 23 March 2021

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TINTIC – SCRATCHING THE SURFACE!

: RC Drilling in early 2021

3.8m @ 98.8 g/t gold & 151 g/t silver from 20.6m inc 1.5m @ 230.8 g/t gold and 359 g/t silver from 20.6m ; (hole CHL-004)

• 1.5m @ 15.56 g/t gold & 29.3 g/t silver from 28.2m (2021-CHL-002)

• 4.6m @ 4.44 g/t gold & 7.8 g/t silver from 18.3m (2021-CHL-003)

• 4.6m @ 4.24 g/t gold from 10.7m (2021-CHL-005 @ Tintic)

1.5m @ 11.46 g/t gold & 35 g/t silver from 20.6m (2021-CHL-009) 1.5m @ 571 g/t silver from 33.5m (2021-CHL-010)

• 1.5m @ 39.3 g/t gold & 323 g/t silver from 37.3m (2021-CHL-011)

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RC Drilling in early 2021
What’s along strike???
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Southern-most hole (hole 4) drilled in March has the highest grade – 3.8m at 98.8 g/t gold

What’s along strike?

Refer ASX Announcement 23 March 2021

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TINTIC - CURRENT RC DRILL PROGRAM

• Testing the Tintic strike extent

• Targeting area to south of previous high grade results

• Holes drilled over 500m strike

• 23 holes at Tintic so far this program

(as at 11 October)

• Drilling continues this month

• First assay results mid/late-November (subject to laboratory turn-around)

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Current drill program
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Refer ASX Announcement 14 October 2021

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G E O P H Y S I C S A P P E A RS TO WO R K

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Cynthia Mine
Windmill Mine
Starlight Mine Arizona-Magma (Diana) Mine
Helen May Mine
Merrimac
Mine
Jackpot Mine
Tintic Mine
Refer ASX announcement 12 November 2020
Jim’s Mine
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BUT IT’S NOT JUST TINTIC…

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Refer ASX Announcement 23 March 2021

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ROCK-CHIPS

High-grade rock-chips:

• High gold & silver grades

• Sampled in new areas to the southern part of our Project area

• Exciting new area with almost no exploration undertaken

• Follow up in 2022

• Area never drilled!

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tINTIC
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Refer ASX announcement 3 August 2021

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FIRST-CLASS LOCATION

• 30 km’s from Kingman (pop. ~30,000)

• 90 minutes drive from downtown Las Vegas

• 3 km’s from Interstate Highway

• Sealed road/powerline runs through property

• Large local workforce all within 30 minutes drive

• Permitted Gold Mines operating in the region

• Year-round access

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Kingman Office
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Jim’s Mine (fenced since this photo taken)

Gold room (ruins) at Arizona-Magma (Diana) Mine

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Merrimac Mine Shaft

Shaft, ore bin, plant site & tailings at Arizona-Magma (Diana) Mine

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SUMMARY

• High gold and silver grades in drilling

• Shallow depths

• Open down dip and along strike to south

• +500m of strike potential being tested at Tintic

• ‘Target Rich’ environment - multiple targets with high grade veins and rock-chips

• Track record of delivery – drilling on time & on budget by experienced local team

• Tier-1 jurisdiction with large land position

• Currently drilling with first results next month

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RC Drilling – October 2021

Refer ASX Announcement 23 March 2021

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INVESTMENT HIGHLIGHTS

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Exciting Gold-Silver Multiple high-grade Large strategic project with high grades veins open along strike landholding with confirmed by drilling and at depth year-round access in Tier-1 jurisdiction

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US-based team who oversaw the successful 2019 & 2021 drilling programs

Permitting track record

Riedel can earn up to 80% interest

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Almost no exploration under cover – many areas NEVER tested

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Ability to quickly build on early success

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Board:

• Michael Bohm – Chairman

• Grant Mooney

• Scott Cuomo

• Jason Pater

Capital Structure:

• 966,707,062 shares

• 150,000,000 options @ $0.0125 expiry 14.12.23

• 10,000,000 options @ $0.11 expiry 23.11.21

Contact:

Michael Bohm mbohm@iinet.net.au

Street - 4/6 Richardson Street West Perth Western Australia 6005 Australia Postal - PO Box 1559 West Perth WA 6005 Australia Phone: +61 8 9226 0866

admin@riedelresources.com.au

www.riedelresources.com.au