RINCON RESOURCES LIMITED — Investor Presentation 2021

Aug 30, 2021

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ASX ANNOUNCEMENT
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ASX: RCRASX : RCR | | ACN ACN 628 003 538 628 003 538
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Rincon Resources Attending Mines & Money Online Connect 31 August to 2 September 2021

Rincon Resources Limited ( Rincon or the Company ) is pleased to advise that the Company is attending the Mines and Money Online Connect forum from 31 August to 2 September 2021. Rincon’s Chief Executive Officer , Mr Gary Harvey will be presenting the Company’s Corporate Presentation to online investors starting from 2.00pm (WST) today 31 August 2021.

The Company provides an updated Presentation (attached) and Mr Harvey will presenting during the 5@5 Networking Event where he will be discussing the progress of the Company’s activities at the South Telfer Gold-Copper Project, as well as the planned activities to progress its Kiwirrkurra Copper-Gold and Laverton Gold Projects in Western Australia.

Event: Presenting: Time:	Mines and Money Online Connect Gary Harvey, Chief Executive Officer Presenting at the 5@5 Networking Event 3.00 to 4.00pm (AWST) on 1 September 2021

Investors can register online here:

Registration link: https://hubs.ly/H0J3Dtx0

The presentation can be downloaded from: - https://www.rinconresources.com.au/announcement category/presentations/

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Authorised by the Non-Executive Chairman of Rincon Resources Limited.

For more information:

Company:

Gary Harvey Chief Executive Officer Rincon Resources Limited gary.harvey@rinconresources.com.au

Investor Relations:

Peter Taylor NWR Communications +61 (0) 412 036 231 peter@nwrcommunications.com.au

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+61 8 6555 2950 | info@rinconresources.com.au | Ground Floor, 31 Cliff Street, Fremantle, WA | www.rinconresources.com.au

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CORPORATE PRESENTATION | AUGUST 2021

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Disclaimer

This presentation and any accompanying verbal presentation (together the Presentation) and confidential information has been prepared by Rincon Resources Limited (Rincon or the Company) and approved by the Board of the Company. The information contained in the Presentation (Information) is a summary only and should be read in conjunction with any oral briefing and all other documents provided to you by the Company. The Information is current as of 30 August 2021 and the Company does not undertake to provide any additional or updated information, whether as a result of new information, future events or results or otherwise. By receiving the Presentation, you acknowledge and represent to the Company that you have read, understood and accepted the terms of this disclaimer.

The Company has prepared the Presentation based on information available to it at the time of preparation. No representation or warranty, express or implied, is made as to the currency, accuracy, reliability, completeness or fairness of the information, opinions and conclusions contained in this Presentation. Neither Rincon, its related bodies corporate, shareholders or affiliates, nor any of their respective officers, directors, employees, affiliates, agents or advisers (Agents) guarantee or make any representations or warranties, express or implied, as to or take responsibility for, the currency, accuracy, reliability, completeness or fairness of the information, opinions and conclusions contained in this Presentation. Rincon does not represent or warrant that this Presentation is complete or that it contains all material information about Rincon or which a prospective investor or purchaser may require in evaluating a possible investment in Rincon or acquisition of shares. To the maximum extent permitted by law, Rincon and its Agents expressly disclaim any and all liability, including, without limitation, any liability arising out of fault or negligence, for any loss arising from the use of information contained in this Presentation, or otherwise arising in connection with it.

Any forward-looking statements in this Presentation, including projections, forecasts and estimates, are provided as a general guide only and should not be relied on as an indication or guarantee of future performance and involve known and unknown risks, uncertainties, assumptions, contingencies and other important factors, many of which are outside the control of Rincon and which are subject to change without notice and could cause the actual results, performance or achievements of Rincon to be materially different from the future results, performance or achievements expressed or implied by such statements. Past performance is not necessarily a guide to future performance and recipients of this Presentation are cautioned not to place undue reliance on such forward-looking statements.

The information contained in this Presentation is for information purposes only, does not constitute investment or financial product advice (nor taxation, accounting or legal advice) and is not intended to be used as the basis for making an investment decision. In providing this Presentation, Rincon has not considered the objectives, financial position or needs of any particular recipients. Before making an investment decision prospective investors should consider the appropriateness of the information in this Presentation having regard to their own objectives, financial situation and needs, and seek legal, taxation and financial advice appropriate to their jurisdiction and circumstances.

This Presentation is not a prospectus, product disclosure statement or other offering document under Australian law or any other law (and will not be lodged with the Australian Securities and Investments Commission or any other foreign regulator) and is not, and does not constitute, an invitation or offer of securities for subscription, purchase or sale in any jurisdiction. In particular, this Presentation does not constitute an invitation or offer of securities for subscription, purchase or sale in the United States or any other jurisdiction in which such an offer would be illegal. The securities referred to in this Presentation have not been, and will not be, registered under the U.S. Securities Act of 1933 as amended or the securities laws of any state or other jurisdiction of the United States and may not be offered or sold, directly or indirectly in the United States.

The information in this Presentation is strictly confidential. It may not be disclosed, reproduced, disseminated, quoted or referred to, in whole or in part, without the express consent of Rincon.

Competent Person’s Statement

The information in this report that relates to Exploration Results is based on information compiled by Mr Gary Harvey. Mr Harvey is a member of the AIG and CEO of the Company. Mr Harvey has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are 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. Mr Harvey consents to the inclusion in this report of the matters based on this information in the form and context in which it appears.

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Three 100% owned highly prospective Gold-Copper projects in Western Australia

Strategically positioned in the World-Class Paterson Province via the South Telfer asset

SOUTH TELFER

KIWIRRKURRA

across two additional Significant exploration upside assets at Laverton & Kiwirrkurra

Large geophysical & geochemical programs completed identifying over 40 targets

LAVERTON

Committed exploration programs: minimum 10,000 drill metres targeting high priority targets

Strong cash position: A$4.4million as at 30/06/2021

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Strategy

Acquire highly prospective land positions near existing or prospective mining operations and apply extensive geological experience and technology to discover and grow commercial mineral deposits.

A$0.215 A$11.4M A$6.6M Share Price Market Cap at Enterprise Value as at 30/08/2021 A$0.215/share A$4.43M Nil 51.34 Shares on issue Cash Balance Debt Nil Options on issue Options on issue

51.34 Shares on issue Nil Options on issue Options on issue

Top 20 Shareholders 57.23% Board & Management 10.32% Gunsynd PLC 16.89%

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Board & Executives

Gary graduated from RMIT University with a Bachelor of Applied Science (Geology) and has over 25 years of experience in the resources sector working on gold and base metal (nickel/cobalt) projects in Western Australia. He is also a member of the AICD and the Australia Institute of Geoscientists.

Gary Harvey, Chief Executive Officer

25 years of international resource sector experience, operational roles include Project Manager, Senior Mine Geologist & Mine Geologist for Ivanhoe Mines, Lion Ore International & WMC. Previously he worked in Private Equity (FUM USD800 million) and as a Director of Societe General’s Mining Finance team in New York.

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Geoff McNamara, Non-Executive Chairman

Geologist with >20 years of experience in the resources sector working on resource projects from Greenfield’s exploration, discovery, definition and feasibility, construction, production to closure. Currently Co-Founder & Managing Director of Tesoro Resources Limited.

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Zeffron Reeves, Non-Executive Director

Ed Mason is currently founder & managing director of corporate advisory firm JE Capital & Non Executive Chairman of Auroch Minerals. Ed has spent twenty years working for global investment banks such as Merrill Lynch, HSBC, Renaissance Capital and more recently Royal Bank of Canada in senior capital markets roles.

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Ed Mason, Non-Executive Director

Experienced mining executive with >20 years’ experience, Blair is the former Founding Managing Director of Lemur Resources Limited, an ASX listed coal exploration & development company. He was the former Finance Director of Coal of Africa Limited, growing the company from a sub-$2M market capitalisation to over $1.5B at its peak.

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Blair Sergeant, Non-Executive Director

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Rincon Resources Exploration Projects

South Telfer Gold-Copper Project (Rincon 100%)

+500km[2] in Paterson Province 12km south & south-west along strike from World-Class Telfer Gold Mine +50km of prospective & under-explored Telfer host geology Maiden 5,000m RC drilling program completed at Hasties Prospect

SOUTH TELFER

KIWIRRKURRA

Laverton Gold Project (Rincon 100%) +30km[2] in heart of Tier 1 Laverton Gold District Mt Margaret-Murrin Greenstone Belt 6km strike of under-explored & prospective BIF stratigraphy Recent air-core drilling identifies anomalous gold trends for follow-up

LAVERTON

Kiwirrkurra Copper-Gold Project (Rincon 100%)

~200km[2] in West Arunta Orogen including the Central Australian Suture Frontier exploration in underexplored region Prospective for Orogenic Gold & IOCG style Copper deposits

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South Telfer Gold-Copper Project

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Hasties Prospect

Westin Prospect

• +25km strike of prospective Telfer host geology

Mineralised zone +1km long & up to 50m wide Structurally controlled breccia & stockwork style mineralisation

• 5km long gold-in-bedrock (+0.1g/t Au) anomaly

• 7 high-priority drill targets identified from geophysics (VTEM) interpretation Ultra-fine fraction soil sampling program set to commence 3rd Quarter 2021

Phase 2 drilling to test GAIP targets incl. deep conceptual target 300m below Hasties oxide zone Phase 3 drilling to test high-priority VTEM targets

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South Telfer Gold-Copper Project Hasties Prospect - Targeting untested extensions down-dip & down-plunge to south-west

Historic Gold Intercepts: Historic Copper Intercepts: 57.80m @ 2.05g/t Au from 17.40m, 20.60m @ 1.23% Cu from 87.60m; inc 16.10m @ 4.75g/t Au from 42.70m 10.90m @ 3.39% Cu from 91.80m

• For full results refer to Rincon’s Prospectus dated 3 November 2020

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South Telfer Gold-Copper Project

Hasties Prospect

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Ground geophysics (GAIP) over Hasties has identified: Highly prospective fold structure related to Dolerite sill

Deep conceptual target 300m below Hasties Additional new targets identified in the broader Hasties Prospect area

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Laverton Gold Project

Drilling our Initial Targets

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6km of strike of prospective Banded Iron Formation (BIF) stratigraphy Maiden +6,400m air-core (AC) drill program completed – May 2021 Widespread gold intersections returned from multiple areas including: 13m @ 0.30g/t Au from 45m to end-of-hole in 21LAC098; 5m @ 0.45g/t Au from 20m in 21LAC006. Additional targeting work underway to identify new areas for drill testing

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Laverton Gold Project

Drilling our Initial Targets

30km of highly prospective strike along Central Australian Suture (CAS)

IOCG copper mineralisation previously drilled at Pokali Prospect*, including: 32m @ 0.46% Cu from 74m (incl. 8m @ 1.1% Cu from 100m); 64m @ 0.39% Cu from 118m (incl. 14m @ 1.0% Cu from 132m).

• For full results refer to Rincon’s Prospectus dated 3 November 2020

Re-processing of geophysical data-sets complete, several high-priority targets identified for drill testing

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Rincon Workplan & News Flow

Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Laverton Follow-up & extensional drilling (2,500m)

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South Telfer Phase 2 RC/diamond drilling at Hasties (5,000m) AC drilling of high-priority VTEM targets (2,500m)

Kiwirrkurra Geophysics & targeting. Drill test high-priority targets (2,500m)

Laverton

South Telfer

Kiwirrkurra

• Drill test initial targets & new targets

• Mapping & define new targets

• VTEM & Ground IP

• Drill Hasties Prospect (Phase 1)

• Photo-mapping & geophysics

• Target generation & prioritisation

• Follow-up & extensional drilling

• Extend Hasties drilling (Phase 2)

• Drill test high-priority targets

• Drill Westin Prospect & VTEM targets

• Regional geochemical sampling

• Soil sampling over Westin Prospect

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Gary Harvey Chief Executive Officer gary.harvey@rinconresources.com.au +61 414 300 684 rinconresources.com.au