RINCON RESOURCES LIMITED — Investor Presentation 2021

May 4, 2021

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A S X A N N O U N C E M E N T
5 M a y 2 0 2 1
ASX : RCR | ACN 628 003 538
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Rincon Resources Attending Mines & Money Online Roadshow 6 May APAC, 13 May EMEA & 18 May Americas

Rincon Resources Limited ( Rincon or the Company ) is pleased to advise that the Company is attending the Mines and Money Online roadshow during May 2021. Rincon’s Non-Executive Chairman, Mr Geoff McNamara will be presenting at 9.00am (WST) on 6 May 2021 at the APAC event.

The Company provides an updated Presentation (attached) and Mr McNamara will discuss the commencement of drilling (refer Figure 1) at the Company’s Laverton Gold Project, as well as the planned activities to progress the South Telfer and Kiwirrkurra Copper and Gold Projects in Western Australia.

Event: Mines and Money Online Roadshow Presenting: Geoff McNamara, Non-Executive Chairman Time: Presenting at Mines and Money – Pitch Battle APAC 9:00am (WST) on 6 May 2021 Attending the 6 May APAC, 13 May 2021 EMEA & 18 May 2021 Americas events

Investors can register online here:

https://hubs.ly/H0J3Dtx0

The presentation can be downloaded from:

• https://www.rinconresources.com.au/announcement category/presentations/

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Figure 1: AC drilling at the Laverton Gold Project.

This ASX Announcement has been approved for release by Geoff McNamara, Non-Executive Chairman.

1 +61 8 9322 1587 | info@@rinconresources.com.au | Suite 1, 295 Rokeby Road, Subiaco WA 6008 | www.rinconresources.com.au

ASX Announcement 5 May 2021

For more information:

Company:

Geoff McNamara Executive Chairman Rincon Resources Limited +65 9754 6095

Investors:

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

About Rincon

Rincon has a 100% interest in three highly prospective copper and gold projects in Western Australia: South Telfer, Laverton and Kiwirrkurra. Each project has been subject to historical exploration which has identified major mineralised systems which Rincon intends on exploring in order to delineate copper and gold resources.

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Competent Persons Statement

The information in this report that relates to Exploration Results is based on information compiled by Mr Lyle Thorne (B App Sc (Hons) Geology). Mr Thorne is a member of the Australian Institute of Mining and Metallurgy and a consultant to, and shareholder of the Company. Mr Thorne has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which 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. Mr. Thorne consents to the inclusion in this report of the matters based on this information in the form and context in which it appears.

Future Performance

This announcement may contain certain forward-looking statements and opinion. Forward-looking statements, 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 the Company and which are subject to change without notice and could cause the actual results, performance or achievements of the Company 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 no representation or warranty is made as to the likelihood of achievement or reasonableness of any forward-looking statements or other forecast. Nothing contained in this announcement nor any information made available to you is, or and shall be relied upon as, a promise, representation, warranty or guarantee as to the past, present or the future performance of Rincon.

2 +61 8 6555 2950 | info@rinconresources.com.au | Suite 1, 295 Rokeby Road, Subiaco | www.rinconresources.com.au

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Mines & Money APAC
ASX:RCR
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ASX : RCR | ACN 628 003 538Rincon Resources Ltd – November 2020 Investor Presentation

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DISCLAIMER
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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 at 5 May 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 Lyle Thorne (B App Sc (Hons) Geology). Mr Thorne is a member of the AusIMM and a consultant to, and shareholder of the Company. Mr Thorne has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which 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. Mr Thorne 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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Rincon Resources Ltd – May 2021 Corporate Presentation

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RINCON RESOURCES – EXPLORATION PROJECTS
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South Telfer (Rincon 100%)

▪ Paterson Province, 12km South West & Along Strike from Telfer Gold Mine ▪ >50km of Prospective Telfer Host Geology

▪ Newcrest drilled 260 holes for 24,762m & Completed 1,068 Surface Samples

Laverton (Rincon 100%)

▪ Mt Margaret-Murrin Greenstone Belt ▪ 4km South South-West of Laverton Highly Prospective Greenstone Belt

Kiwirrkurra (Rincon 100%)

• Central Australian Suture

▪ Prospective for Orogenic Gold, IOCG Gold & Copper

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Rincon Resources Ltd – May 2021 Corporate Presentation

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SOUTH TELFER – PATERSON PROVINCE EXPLORATION BOOM
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Telfer Mine

32Moz Au & 1Mt Cu

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Winu Discovery 503Mt @ 0.45% Cu Eq >12,000km[2] Tenements

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Nifty Mine 2Mt Cu

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>500km[2] of Tenements

Rincon Resources Ltd – May 2021 Corporate Presentation

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Havieron Discovery $65M JV with Mar 2019

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$60M JV with Oct 2015

$60M JV, $3.9M Placement with Feb 2020

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$30M JV, $3.27M Placement with Jul 2020

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SOUTH TELFER GOLD & COPPER PROJECT TARGETS
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Main Targets Hasties & Westin

• Newcrest Drilled Thick Intercepts from Surface*

▪ Hasties Gold Intercepts: o 57.80m @ 2.05g/t Au from 17.40m, including; o 16.10m @ 4.75g/t Au from 42.70m; o 68.00m @ 1.33g/t Au from 1.00m; o 36.00m @ 1.66g/t Au from 2.00m; o 33.20m @ 1.46g/t Au from 25.00m; o 23.00m @ 2.06g/t Au from 23.00m; & o 5.00m @ 3.73g/t Au from 50.00m.

▪ Hasties Copper Intercepts: o 20.60m @ 1.23% Cu from 87.6 0m; o 10.90m @ 3.39% Cu from 91.80m; & o 4.00m @ 4.84% Cu from 49.00m.

Westin defined by 5km Long Gold Anomaly Delineated by Wide Spaced Aircore Drilling

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

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Rincon Resources Ltd – May 2021 Corporate Presentation

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SOUTH TELFER GOLD & COPPER PROJECT – HASTIES
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• Hasties Hosted within Isdel Formation (Telfer Analogue)

• Surface Gossan up to 36.35g/t Au

▪ Structurally Controlled Breccia Style Mineralisation

▪ Down Plunge South West Extensions Untested

▪ Mineralised Zone >1km Long up to 50m Wide

• Open in All Directions

• Only Tested on Small Strike Length

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

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SOUTH TELFER GOLD & COPPER PROJECT – HASTIES
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• Photo-Geology Mapping & Targeting Completed

▪ 18 Targets Identified with 7 High Priority Targets

• Heritage Surveys Completed

• VTEM Survey Completed

• Ground Geophysics (IP) Commenced

• Maiden RC Drill Program Planned June 2021

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SOUTH TELFER GOLD & COPPER PROJECT – WESTIN TREND
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Westin Trend Defined by 5km Long Gold & Magnetic Anomaly

Anomaly Defined by Wide Spaced Aircore Drilling including; 8.00m @ 3.85g/t Au from 84m

▪

• Target Zone Under Cover (20m-100m)

Anomaly Never Followed Up

▪

Open to South East

▪

• 25km Prospective Strike Never Explored

▪

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

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Rincon Resources Ltd – May 2021 Corporate Presentation

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SOUTH TELFER GOLD & COPPER PROJECT – WESTIN TREND
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▪ VTEM Survey has been flown over Priority Targets ▪ Along Strike from Grace Gold Deposit (ASX:PSL) ▪ Interpreted Mineralised Trend Running South East ▪ Soil Sampling Program Planned ▪ Maiden Regional Drill Program Planned for 2021

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Rincon Resources Ltd – May 2021 Corporate Presentation

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LAVERTON GOLD PROJECT – REGIONAL OVERVIEW
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• Mt Margaret-Murrin Greenstone Belt

• 4km South South-West of Laverton

▪ Tenements Over Prospective Greenstone Belt

• Laverton Region +25M oz Gold Endowment

▪ Anglo Ashanti – Wallaby Mine +7.0M oz

• Dacian Gold – Mt Morgans 2.8M oz

• Sparse Historical Exploration

▪ Old Workings within Project Area

▪ Multiple Historical Gold Intercepts Never Followed Up

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Rincon Resources Ltd – May 2021 Corporate Presentation

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LAVERTON GOLD PROJECT
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Mineralised
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• Two Mineralised Shears Important Controls for Mineralisation

• Magnetic Banded Iron Formation ( BIF ) associated with Gold Mineralisation (Galdiator Pits) extends into Project Area

• Recently Identified GG Anomaly associated with Sunshine-Corio Shear Zone

• Laverton Project Under Explored due to Surficial Cover

Open file Total Magnetic Intensity image showing high magnetic BIF units hosting the Gladiator deposits trending south into the Laverton Project tenements

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Rincon Resources Ltd – May 2021 Corporate Presentation

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LAVERTON GOLD PROJECT
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Historic Drill Results require follow-up*:

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▪
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o 4.00m @ 1.50g/t Au from 21.00m; o 7.00m @ 15.90g/t Au from 21.00m; & o 1.00m @ 1.50g/t Au from 55.00m.

• Interpretation Identified North West Structures as Mineralisation Controls

GG Soil Anomaly associated with North West Structures & North East Trending Sunshine-Corio Shear Zone

▪

Targets Identified to South South-East of GG Anomaly in similar Structural Settings

▪

Maiden AC Drill Program has Commenced

▪

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

Rincon Resources Ltd – May 2021 Corporate Presentation

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LAVERTON GOLD PROJECT
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Rincon Resources Ltd – May 2021 Corporate Presentation

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KIWIRRKURRA GOLD & COPPER PROJECT
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* Table of significant intercepts in Appendix 1, Refer JORC Tables for drilling dates Appendix 3
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▪ 12,600Ha over the Central Australian Suture at Boundary of Aileron & Warumpi provinces ▪ 30km of Prospective Strike

• Prospective for Orogenic Gold, IOCG Gold & Copper

• IOCG Copper Mineralisation Drilled at Pokali Prospect*:

o 32m @ 0.46% Cu from 74m (incl 8m @ 1.1% Cu from 100m); o 64m @ 0.39% Cu from 118m (incl 14m @ 1.0% Cu from 132m);

o 46m @ 0.37% Cu from 26m; o 38m @ 0.38% Cu from 76m; o 44m @ 0.30% Cu from 68m; o 16m @ 0.45% Cu from 190m; & o 42m @ 0.33% Cu from 198m.

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Tali Resources – West Arunta $58.5M JV with (March 2021)

Rincon Resources Ltd – May 2021 Corporate Presentation

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*Table of significant intercepts in Appendix 1, Refer JORC Tables for drilling dates Appendix 3

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RINCON WORKPLAN & NEWS FLOW
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	Q1 2021	Q1 2021	Q2 2021	Q2 2021	Q3 2021	Q3 2021	Q4 2021	Q4 2021	Q1 2022	Q1 2022	LAVERTON ▪ Geochemical Sampling ▪ Drill Test Targets SOUTH TELFER ▪ VTEM & Ground IP ▪ Drill Hasties’ Prospect ▪ Drill Westin Anomaly ▪ Extend Westin Footprint KIWIRRKURRA ▪ Geophysics to Identify Targets ▪ Regional Geochemical Sampling
Laverton Drilling Commences
South Telfer Mapping & Geophysics
South Telfer Drilling Commences
Kiwirrkurra Geophysics

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Rincon Resources Ltd – May 2021 Corporate Presentation

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RINCON RESOURCES – CORPORATE OVERVIEW
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ASX Code		RCR
Shares on Issue	m	51.34
Options on Issue	m	nil
Share Price	A$	0.30
Market Capitalisation	A$m	15.40
Cash (as at 31 Dec 2020)	A$m	5.29
Debt	A$m	nil
Enterprise Value	A$m	10.57
Major Shareholders
Board & Management	%	10.32
Gunsynd PLC	%	16.89
Top 20 Holders	%	57.23

Ownership Structure

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10.32%
16.89%
6.00%
66.79%
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Board & Management Gunsynd PLC Other Institution's Retail

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Rincon Resources Ltd – May 2021 Corporate Presentation

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DIRECTORS & MANAGEMENT
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Gary Harvey, Chief Executive Officer

Gary graduated from RMIT University with a Bachelor of Applied Science (Geology), >25 years’ of experience in the resources sector working on gold & base metal (nickel/cobalt) projects in Western Australia from grass roots exploration through to resource development, feasibility, production & mine closure. Member of the Australian Institute of Geoscientist. Most recently held the position of Exploration Manager for Barra Resources Limited where he managed all the company’s exploration & development activities including overseeing the recent transition to underground mining at the Burbanks Gold Project in Western Australia. He has also held project & senior roles with Johnsons Well Mining NL, Forrestania Gold Ltd, Lionore Australia Pty Ltd & Fortescue Metals Group Ltd.

Geoff McNamara, Non-Executive Chairman

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. Geoff holds a Bachelors degree in Geology and a Graduate Diploma in Applied Finance & Investment from FINSIA. He is a member of the AICD and the AusIMM. Currently Co-Founder & Non-Executive Director of Tesoro Resources Limited, which discovered the El Zorro gold project in Chile.

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Zeffron Reeves, Non-Executive Director

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 which discovered the El Zorro gold project in Chile. He has also previously been Managing Director of ASX listed Metallum Ltd and held senior management positions with Cleveland Mining Ltd and Ashburton Minerals Ltd, developing projects in Australia, Chile & Brazil. Zeffron has a Bachelor of Applied Geology (Honours), a Masters of Business Administration from Curtin University and is a member of the Australia Institute of Geoscientists.

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Ed Mason, 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 focussed on the natural resources sector. Ed also spent five years as project manager for Fluor Corp designing and managing the construction of large mining projects including the Olympic Dam Copper Uranium Expansion Project and the Murrin Murrin Nickel Cobalt Project. Ed has a Bachelor of Engineering (with honours) degree from Monash University and a Post Graduate Degree in Corporate Finance from the Securities Institute of Australia.

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Blair Sergeant, 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. During his career, Blair has also held the position of Managing Director, Non-Executive Director and/or Company Secretary for numerous listed entities across a broad spectrum of industry. Blair graduated from Curtin University, Western Australia with a Bachelor of Business and subsequently, a Post Graduate Diploma in Corporate Administration. He is a Chartered Secretary, member of AICD and an Associate of CPA. Blair is currently Executive Director of Bowen Coking Coal (ASX:BCB) and Non-Executive of Ikwezi Mining Limited (ASX: IKW).

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CONTACTS
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Gary Harvey, Chief Executive Officer

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gary.harvey@rinconresources.com.au

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+61 8 6555 2950

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Rincon Resources Ltd – November 2020 Investor Presentation
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Geoff McNamara, Non-Executive Chairman

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geoff.mcnamara@rinconresources.com.au

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+61 8 6555 2950

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APPENDIX 1 – SIGNIFICANT INTERCEPTS @ SOUTH TELFER
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• Only significant intercepts (>1 g/t gold) are included for practical reporting reasons. For full results refer to Rincon’s Prospectus dated 3 November 2020.

Rincon Resources Ltd – May 2021 Corporate Presentation

Cu (%)

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APPENDIX 2 – SOUTH TELFER HASTIES PROJECT
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Au (ppm)
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Target
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Target
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• Untested Down Plunge Extension to South West

• Walk up Drill Targets

• Rincon has Granted PoW for Drilling

• Native Title Access Agreements in Place

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Rincon Resources Ltd – May 2021 Corporate Presentation