VOLTAIC STRATEGIC RESOURCES LTD — AGM Information 2024

May 30, 2024

ASX:VSR

==> picture [258 x 55] intentionally omitted <==

AGM Presentation 31 May 2024

Michael Walshe Chief Executive Officer

==> picture [273 x 37] intentionally omitted <==

----- Start of picture text -----

3 59/60 79 29 92
Li REE Au Cu U
----- End of picture text -----

Strategic Growth Ahead: Leveraging strong cash reserves to acquire high-calibre advanced-stage project

==> picture [635 x 269] intentionally omitted <==

Disclaimer

This document has been prepared by Voltaic Strategic Resources Limited (ABN 66 138 145 114) and/or its affiliates (together, “Voltaic Strategic Resources Limited”) for the exclusive use of the party to whom Voltaic Strategic Resources Limited delivers this document (the “Recipient”). The information contained in this document has been prepared in good faith by Voltaic Strategic Resources Limited. However, no representation or warranty, either express or implied, is made as to the accuracy, completeness, adequacy or reliability of the information contained in this document. This document contains only a synopsis of more detailed information in relation to the matters described herein and accordingly no reliance may be placed for any purpose whatsoever on the sufficiency or completeness of such information as presented herein. This document should not be regarded by the Recipient as a substitute for the exercise of its own judgment and the Recipient should conduct its own due diligence in respect of the contents of this document. To the maximum extent permitted by law Voltaic Strategic Resources Limited, its directors, officers, employees, advisers, and agents disclaim any or all liability for any loss or damage which may be suffered by any person as a result of the use of, or reliance upon, anything contained within or omitted from this document.

This document has been prepared solely for informational purposes. This document does not constitute a prospectus and is not to be construed as a solicitation or an offer to buy or sell any securities, or related financial instruments, in any jurisdiction. The Recipient should not construe the contents of this document as legal, tax, accounting or investment advice or a recommendation. The Recipient should consult its own legal counsel, tax and financial advisors concerning any matter described herein. This document does not purport o be all-inclusive or to contain all of the information that the Recipient may require. No investment, divestment or other financial decisions or actions should be based solely on the information in this document. The distribution of this document may be restricted by law in certain jurisdictions. The Recipient and any other persons who come into possession of the document must inform themselves about, and observe, any such restrictions.

CAUTIONARY STATEMENT REGARDING VALUES & FORWARD-LOOKING INFORMATION

The figures, valuations, forecasts, estimates, opinions and projections contained herein involve elements of subjective judgment and analysis and assumption. Voltaic Strategic Resources Limited does not accept any liability in relation to any such matters, or to inform the Recipient of any matter arising or coming to the company’s notice after the date of this document which may affect any matter referred to herein. Any opinions expressed in this material are subject to change without notice, including as a result of using different assumptions and criteria.

This document may contain forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “expect”, and “intend” and statements than an event or result “may”, “will”, “should”, “could”, or “might” occur or be achieved and other similar expressions. Forward-looking information is subject to business, legal and economic risks and uncertainties and other factors that could cause actual results to differ materially from those contained in forward-looking statements. Such factors include, among other things, risks relating to property interests, the global economic climate, commodity prices, sovereign and legal risks, and environmental risks. Forward-looking statements are based upon estimates and opinions at the date the statements are made. Voltaic Strategic Resources Limited undertakes no obligation to update these forwardlooking statements for events or circumstances that occur subsequent to such dates or to update or keep current any of the information contained herein. The Recipient should not place undue reliance upon forward-looking statements. Any estimates or projections as to events that may occur in the future (including projections of revenue, expense, net income and performance) are based upon the best judgment of Voltaic Strategic Resources Limited from information available as of the date of this document. There is no guarantee that any of these estimates or projections will be achieved. Actual results will vary from the projections and such variations may be material. Nothing contained herein is, or shall be relied upon as, a promise or representation as to the past or future. Voltaic Strategic Resources Limited, its affiliates, directors, employees and/or agents expressly disclaim any and all liability relating or resulting from the use of all or any part of this document or any of the information contained herein.

This material must not be copied, reproduced, distributed or passed to others at any time, in whole or in part, without the prior written consent of Voltaic Strategic Resources Limited.

COMPETENT PERSON’S STATEMENT

The information in this announcement that relates to Exploration Results is based on and fairly represents information compiled by Mr Claudio Sheriff-Zegers. Mr Sheriff-Zegers is employed as an Exploration Manager for Voltaic Strategic Resources Ltd and is a member of the Australasian Institute of Mining and Metallurgy. He has sufficient experience of relevance to the styles of mineralisation and types of deposits under consideration, and to the activities undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. He consents to the inclusion in this announcement of the matters based on information in the form and context in which they appear.

==> picture [119 x 44] intentionally omitted <==

ASX VSR |

2

Corporate Snapshot ASX:VSR

==> picture [590 x 72] intentionally omitted <==

----- Start of picture text -----

Market capitalisation Debt Cash Enterprise Value
A$8.5M Zero A$7M A$1.5M
28/05/24 31/03/24
Mar 2024
----- End of picture text -----

==> picture [230 x 49] intentionally omitted <==

----- Start of picture text -----

Shares on issue Options
81M
565M
----- End of picture text -----

565M

483M shares free-trading 81M Listed options. 81.9M shares in escrow (Exercise: 8¢, exp. 30/06/26) until Q4 2023 Various other unlisted options

Market Capitalisation (A$M) – Fully diluted

==> picture [483 x 245] intentionally omitted <==

----- Start of picture text -----

60
50
40
30
20
10
0
Oct-22 Apr-23 Oct-23 Apr-24
Market Cap. (A$M) Fully DIluted
----- End of picture text -----

Ownership (undiluted)

==> picture [455 x 179] intentionally omitted <==

----- Start of picture text -----

24.6%
59.6% 5.3%
10.6%
----- End of picture text -----

==> picture [11 x 11] intentionally omitted <==

Top 20 (Excl Vendors, Promoters and Board/Management) Board & Management Vendors & Promoters Other

==> picture [11 x 11] intentionally omitted <==

==> picture [11 x 11] intentionally omitted <==

==> picture [11 x 11] intentionally omitted <==

==> picture [119 x 44] intentionally omitted <==

ASX VSR |

3

Recent successful Lithium Transaction between VSR & Delta Lithium Ltd

A$12 million Farm-in and JV Agreement with Delta Lithium (ASX:DLI) on VSR’s Ti Tree project

• DLI pay A$1.25 million cash consideration upon commencement (March 2024).

• DLI earn a 51% by spending A$3.0 million within 24-months, with minimum spend of A$1.0 million (“ Stage 1 ”).

• May earn an additional 29% interest by further expenditure of A$6,250,000 or delivery of a Mineral Resource Estimate (MRE) > 10 Mt @ 0.8% Li2O within 3-years (“ Stage 2 ”).

• Voltaic to receive a further A$0.5 million payment in cash/script from Delta upon commencement of Stage 2.

• Voltaic to receive a further A$1.0 million payment in cash/script from Delta upon completion of Stage 2.

• Significant potential for project valuation rerate if significant lithium resource delineated

Significant valuation upside on Resource discovery

• Ti Tree project modelled value on definition of target Resource: A$50-$300+M (Assumptions in Appendix)

==> picture [127 x 53] intentionally omitted <==

==> picture [119 x 44] intentionally omitted <==

ASX VSR |

4

Strategic Goal Setting

Vision: Become a leading metals exploration & development company

Mission: Make a significant discovery or acquire an advanced stage asset with a clear pathway towards development within near future

==> picture [45 x 66] intentionally omitted <==

==> picture [45 x 66] intentionally omitted <==

==> picture [45 x 66] intentionally omitted <==

==> picture [45 x 66] intentionally omitted <==

==> picture [45 x 66] intentionally omitted <==

==> picture [45 x 66] intentionally omitted <==

==> picture [46 x 66] intentionally omitted <==

Strategic Objectives:

1. Acquire a more advanced stage project (post discovery, pathway to production)

2. Conserve cash and focus only on Meekatharra & Paddys Well from current portfolio of projects

3. Divest non-core assets

==> picture [119 x 44] intentionally omitted <==

ASX VSR |

5

Strategic Goal Setting

Objective:

Advanced-Stage Project Acquisition

• The Company is seeking to complement its existing portfolio of early-stage exploration assets with a high calibre more advanced stage project.

• We have spent the last several months undertaking a strategic search and have conducted due diligence on multiple (> 25) opportunities.

• Search ongoing for the right asset.

• Existing exploration projects (Meekatharra & Paddys Well) will be advanced in parallel

WHY?

• Resources and team in place to quickly advance such a project

• ➢ Significant technical experience (geology & metallurgy / processing) including several international projects

• Market is seeking & rewarding advanced projects

• Strong cash position (A$7M)

• Very clean corporate structure

==> picture [119 x 44] intentionally omitted <==

==> picture [81 x 81] intentionally omitted <==

==> picture [81 x 81] intentionally omitted <==

==> picture [81 x 81] intentionally omitted <==

==> picture [81 x 81] intentionally omitted <==

==> picture [215 x 85] intentionally omitted <==

----- Start of picture text -----

VEHICLE
----- End of picture text -----

==> picture [215 x 85] intentionally omitted <==

----- Start of picture text -----

TEAM
----- End of picture text -----

SKILLS

==> picture [215 x 85] intentionally omitted <==

----- Start of picture text -----

CASH
----- End of picture text -----

ASX VSR |

6

Project Portfolio - Australia

Primary Focus Project 1:

Meekatharra Project

• Located in the prolific Gold & Critical Metals Murchison region in Western Australia.

• Centrally located in a highly productive (35M oz +) and prospective Archean gold province with 4 camps hosting > 2Moz thus far.

• Largely underexplored, despite its proximity to numerous historical and active open pits and underground mines, and geologically prospective structures.

• Several reconnaissance rock chips have confirmed primary gold & copper mineralization

Primary Focus 2:

Paddy’s Well Project

• Large landholding (1,300km[2] ) in highly active REE & uranium exploration ‘hotspot’.

• Both primary carbonatite and clay-hosted REE potential, with additional Lithium prospectivity.

• VSR has identified widespread anomalous REEs from drilling (~80m intervals from surface). Metallurgical testing showing REEs are extractable via leaching

• Historical uranium drilling by reputable explorers like Cameco identified calcrete-hosted mineralisation

Joint Venture with ASX:DLI: Ti Tree Lithium Project

Other assets (non-core): Kooline, Talga, Nevada (USA)

==> picture [119 x 44] intentionally omitted <==

==> picture [369 x 507] intentionally omitted <==

----- Start of picture text -----

Kooline Delta Lithium
JV
Talga
Ti Tree (JV:DLI)
Paddy’s Well Meekatharra
----- End of picture text -----

ASX VSR |

7

79

29

Cu Au

Meekatharra project

Large tenure within a prolific gold precinct in Western Australia which has produced >35Moz of Au.

• Westgold’s Bluebird Project (1.8Mtpa production) and Established gold district Tuckabianna Project within trucking distance.

• Paddy’s Flat, Bluebird, South Emu, Triton, Big Bell, and Comet mines have produced >270Koz Au per year.

• Located in the prolific Gold & Critical Metals Murchison region in Western Australia.

• Largely underexplored, despite its proximity to numerous historical and active open pits and underground mines, and prospective structures.

==> picture [40 x 27] intentionally omitted <==

----- Start of picture text -----

Eldinero
----- End of picture text -----

• Several reconnaissance rock chips have confirmed primary gold & copper mineralisation*

• Emerging Australian Vanadium (ASX:AVL) Project vanadium(Resource 239Mt @ 0.73% V2O5). titanium district

• Technology Metals’ Gabanintha Project (now owned by AVL) (Resource 110Mt @ 0.84% V2O5).

==> picture [119 x 44] intentionally omitted <==

ASX VSR |

8

*See ASX:VSR announcement dated 31/05/2024

==> picture [960 x 90] intentionally omitted <==

----- Start of picture text -----

29 79
Meekatharra project Cu Au
----- End of picture text -----

• Strategic Geological Setting : Significant portion of the Burnakura Shear Zone ⇒

• (BSZ) within project highly prospective for gold.

• Proven Gold Potential : Adjacent to substantial gold resources totalling 0.5M oz, incl. remnant 381k oz at Federal City, Burnakura, and North of Alliance deposits.

• High-Grade Mineralisation : Extensive untapped potential in interconnected structures within the BSZ.

• Untapped Exploration Targets : 7 km segment of the BSZ within E51/1909 remains largely unexplored, highly prospective for gold mineralisation.

• Initial Sampling Highlights : Preliminary sampling at 'Eldinero prospect' shows primary gold mineralization, with several rock chip samples returning >1.2 g/t Au.

• Intrusion Related Gold (IRG) Model: Significant I-type magnetic ovoid formation identified, suggesting potential for an IRG system.

• Untapped Potential: Large non-magnetic zones in the Norie Pluton indicate possible sites for hydrothermal alteration and gold mineralisation.

==> picture [119 x 44] intentionally omitted <==

ASX VSR | 9

==> picture [960 x 269] intentionally omitted <==

----- Start of picture text -----

29 79
Meekatharra project Cu Au
Promising reconnaissance rockchips
from Eldinero prospect
•
Reconnaissance field work at Eldinero has discovered
visually promising outcrops from a brecciated quartz-
sulphide vein system up to 10m wide and 200m strike.
•
The veins are prospective for copper, gold & silver BRK0006
(assays pending).
----- End of picture text -----

• Several historic & active quartz-vein hosted shearrelated gold deposits along strike, including Westgold’s Paddy’s Flat & Great Fingal

• BRK0004 & BRK0006 rock chip samples shown*

• Mineralisation appears linked to Burnakura Shear Zone within a wide package of dolerites over 10 km of strike

• Next steps: extend and delineate mineralisation via further surface geochemical surveys

==> picture [119 x 44] intentionally omitted <==

BRK0004 ASX VSR | 10

*See ASX:VSR announcement dated 31/05/2024

59/60 92 3 REE U Li

Paddy’s Well Project

Multi-commodity potential across extensive 1,300km[2] tenement package

Uranium identified by Cameco, VSR & others

• Previous exploration undertaken by Cameco and others returned significant U3O8 mineralisation from drilling.

• Primary uranium mineralisation was demonstrated to be geochemically analogous to Jabiluka.

REEs already identified by VSR

• Both primary carbonatite and clay-hosted REE potential.

• Widespread REEs within clay identified from maiden drilling at ‘Neo’ & testing proved REEs are extractable via leaching.

Untapped Lithium potential

• Several newly identified granites and pegmatites

• Proximal to historical Tantalum mine / process plant (Arthur River)

==> picture [119 x 44] intentionally omitted <==

==> picture [537 x 411] intentionally omitted <==

----- Start of picture text -----

E09/2774 Paddys Well
Project
(1,300 km [2] )
VSR Paddys Well Tenure
Historical Cameco & PNC Tenement Historical Drilling: GAR9630
9m @ 0.093% U3O8 (From 40m),
including:
VSR Drill Hole 1m @ 0.44% U3O8 (From 46m)
Historical Drill Hole E09/2669 5m @ 0.17% U3O8 (From 44m
GEOLOGY
Interpreted regional shear zone
Lyons Group: calcareous sandstone /
siltstone E09/2663
Moogie Metamorphics: calc-silicate E09/2414
gneiss, schist & ironstone
E09/2744
Historical Drilling: GAR9625
1m @ 0.21% U3O8 (From 22m)
7 x drill intersections >
1,000 ppm U3O8
within and proximal to E09/2773
Neo prospect area 1m @ 659 ppm U Voltaic Drilling: NEORB003 3O8 (From 47m)
N
----- End of picture text -----

ASX VSR |

11

Paddy’s Well Project

Historical uranium drilling at the ‘Area 16’ prospect

• Historical drilling at ‘Area 16’, and a recent campaign by VSR targeting shallow REE mineralisation at ‘Neo’ to the west, returned several mineralised uranium intercepts

• Each occurrence associated with distinctive radiometric anomalies.

• Several additional radiometric peaks are also apparent from this data and warrant follow-up.

Next Steps at Paddys Well:

• Follow-up on-ground systematic reconnaissance at identified radiometric anomalies focusing both on REE and uranium.

==> picture [450 x 317] intentionally omitted <==

==> picture [960 x 223] intentionally omitted <==

----- Start of picture text -----

•
Planning for follow-up shallow drilling at Neo is in progress to
Historical Drilling (PNC)
GAR9625
delineate U mineralisation along strike of the identified zones
1m @ 501 ppm U VSR Drilling: NEORB013 3O8 (From 61m) incl. 1m @ 2,123ppm U2m @ 1,203ppm U3O38O (From 40m), 8 (From 46m)
VSR REE- Paddys Well Tenure Neo
focused drilling at Neo 2023 VSR Drill HoleHistorical Drill Hole prospect area prospect ‘Area 16’
area
Radiometric intensity (U)
Voltaic Drilling: NEORB003
Interpreted regional shear zone 1m @ 659 ppm U3O8 (From 47m)
E09/2663 E09/2414
Historical Drilling (PNC) Historical Drilling (PNC)
GAR9630 GAR9620
9m @ 930ppm U3O8 (From 40m), 15m @ 503ppm U3O8 (From 17m),
E09/2669 incl. 1m @ 4,363ppm U3O8 (From 46m) incl. 1m @ 4,009ppm U3O8 (From 25m)
ASX VSR | 12
----- End of picture text -----

Connect with us

Voltaic Strategic Resources Limited ABN 66 138 145 114 ASX:VSR

Suite 2, 38 Colin Street West Perth, WA 6014 Australia

info@voltaicresources.com voltaicresources.com.au

==> picture [383 x 43] intentionally omitted <==

==> picture [46 x 43] intentionally omitted <==

Follow us www.linkedin.com/ company/voltaicstrategicresources

Subscribe to our e-news: voltaicresources.com

Join the conversation @Voltaic_VSR

==> picture [481 x 272] intentionally omitted <==

Michael Walshe Chief Executive Officer

michael.walshe@voltaicresources.com +61 (8) 6245 9821

==> picture [144 x 31] intentionally omitted <==

Appendix Project & tenement list

Project Group	Project Name Tenement Number Tenement Name Status Primary Prospectivity Blocks Area (km2) Equity
Gascoyne	PADDYS WELL E 09/2663 West Well Application Uranium Lithium REE 15 47 100% E 09/2669 West Well Application 66 205 100% E 09/2414 Paddy’s Well Live 13 40 100% E 09/2774 Gadolin Live 89 277 100% E 09/2744 Gadolin Application 110 342 100% E 09/2773 Gadolin Live 125 388 100%
	TALGA E 08/3303 Talga East Application Ni-Cu-Co-PGE Co-Mn 46 343 100% E 08/3420 Talga West Live 59 185 100%
	TI TREE E 09/2503 Ti Tree South West Live Lithium 19 59 JV with Delta Lithium E 09/2470 Ti Tree South East Application 14 44 JV with Delta Lithium E 09/2522 Ti Tree North Application 35 109 JV with Delta Lithium
	KOOLINE E 08/3314 Kooline Live Cu-Au Base Metals Au 96 303 100%
Meekatharra	BUNDIE BORE E 51/1909 Bundie Bore Live Au Base Metals 35 102 80% E 51/1946 Bundie Bore Live 9 19 80% P 51/3145 Bundie Bore Live - 2 80% P 51/3146 Bundie Bore Live - 2 80% P 51/3147 Bundie Bore Live - 2 80%
	BLUEBIRD SOUTH E 51/2022 Bluebird South Live Au Base Metals 23 70 100%
	CUE E 51/2057 Cue Live Au Base Metals 23 70 100%
Nevada	NEVADA CRITICAL METALS NA N/A Live Ni-Cu-Co-PGE Base Metals NA 4 100%

==> picture [119 x 44] intentionally omitted <==

ASX VSR |

14

Appendix Ti Tree Project

High Level Valuation

	Valuation (A$M
Resource (Mt) Grade %Li2O Contained Li2O(t)	LOW (EV/t US$400) MID (EV/t US$900) HIGH (EV/t US$3000)
Ti Tree (base case) 10 0.80% 80,000 Ti Tree(highergrade case) 10 1.00% 100,000	$48M $107M $358M $60M $134M $448M

==> picture [312 x 236] intentionally omitted <==

==> picture [119 x 44] intentionally omitted <==

Source:

ASX VSR |

15

Battery Materials Review (2023), https://www.batterymaterialsreview.com/wp-content/uploads/2023/02/BMR-How-to-invest-HR-Feb23.pdf