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For personal use only Ground-breaking exploration in one of Australias last under- explored greenstone belts RRS Presentation 12 - 14 February 2019 Simon Lawson, Managing Director ASX: MZN Di Disclai aimer For personal use only


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Ground-breaking exploration in

  • ne of Australia’s last under-

explored greenstone belts

RRS Presentation 12 - 14 February 2019

Simon Lawson, Managing Director ASX: MZN

For personal use only

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SLIDE 2

Di Disclai aimer

Page I 2

General Disclaimer

This presentation contains summary information about Marindi Metals Ltd (Marindi) and is current as of 11th February 2019. The information in this presentation is of a general background and does not purport to be complete. This presentation is not investment or financial product advice (nor tax, accounting or legal advice) and is not intended to be used for the basis of making an investment decision. The information contained in this presentation has been prepared without taking into account the objectives, financial situation or needs of

  • individuals. Investors should obtain their own advice before making any investment decision.

Marindi has prepared this document based on information available to it at the time of preparation. No representation or warranty, express or implied, is made as to the fairness, accuracy or completeness of the information, opinions and conclusions contained in this presentation. This presentation contains certain “forward-looking statements”. Forward looking statements can generally be identified by the use of forward looking words such as, “expect”, “should”, “could”, “may”, “predict”, “plan”, “will”, “believe”, “forecast”, “estimate”, “target” and other similar expressions. Indications of, and guidance on, future earnings and financial position and performance are also forward-looking statements. Forward-looking statements, opinions and estimates provided in this presentation are based on assumptions and contingencies which are subject to change without notice, as are statements about market and industry trends, which are based on interpretations of current market conditions. Forward-looking statements including projections, guidance on future earnings and estimates are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. This presentation contains statements that are subject to risk factors associated with Marindi and the mining exploration industry. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a range of variables which could cause actual results or trends to differ materially. Marindi disclaim any intent or obligation to publicly update any forward looking statements, whether as a result of new information, future events or results or otherwise. To the maximum extent permitted by law, Marindi, their related bodies corporate (as that term is defined in the Corporations Act 2001 (Cth)) and the officers, directors, employees, advisers and agents of those entities do not accept any responsibility or liability including, without limitation, any liability arising from fault or negligence on the part of any person, for any loss arising from the use of the presentation or its contents or

  • therwise arising in connection with it.

Competent Person Reference

Information in this release that relates to Exploration Results is based on information prepared by Mr Simon Lawson and who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Lawson is an employee of Marindi Metals Ltd. Mr Lawson has sufficient experience which is relevant to the styles of mineralisation and types of deposits under consideration and to the activities being undertaken 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 Lawson consents to the inclusion in this release of the matters based on his information in the form and context in which it appears. The company also confirms that the information in this announcement relating to the Minerals Resources within the Prairie Deposit is based on information prepared by Mr Mark Drabble, who is a Member of the Australasian Institution of Mining and Metallurgy. Mr Drabble is an employee of Optiro Pty Ltd. Mr Drabble has sufficient experience which is relevant to the styles of mineralisation and types of deposits under consideration and to the activities being undertaken 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”. Details of which were released to the ASX on the 25th May 2015. Marindi confirms that that it is not aware of any new information or data that materially affects the information relating to the Prairie Deposit Mineral Resources included in the 25th May 2015 announcement referred to above. Marindi confirms that all material assumptions and technical parameters underpinning the Mineral Resource estimates in the 25th May 2015 announcement continue to apply and have not materially changed.

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Project L ct Locati tion

  • n a

and C Commod

  • dity

ty F Foc

  • cus

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Paterson – Cu/Au Bellary Dome – Au Newman – Zn/V/Au

Forrestania – Au

Caranbirini – Zn Yalco – Zn

Perth

Kalgoorlie Newman Darwin Brisbane Sydney Melbourne Adelaide Hobart

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Foc

  • cusing o
  • n Hi

High gh-Impac act A t Austral alian an Go Gold Explorati tion

  • n
  • 100% ownership of >1,000km2 of the Southern Forrestania greenstone belt – one of

Australia’s last under-explored major greenstone belts

  • Portfolio includes historical high-grade gold mines with mineralised rock dumps and

geophysical extensions to proven high-grade gold structures

  • Paterson project provides strategic exposure to the potential for world-class

intrusion-related copper-gold exploration and discovery in a safe Tier-1 jurisdiction

  • Proven conglomerate-hosted gold potential at Bellary Dome Gold Project, Pilbara

region

Strategy:

  • Aim to execute cost-effective and focused exploration strategies, optimise the current asset

portfolio, generate income through non-core asset sales and acquire additional gold assets

  • Aim to build a substantial gold asset at the Southern Forrestania Gold Project through focused

exploration strategies

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  • Large strategic land-holding in a major greenstone belt with

proven gold endowment

  • Greenstone belts proven host to major gold deposits around

the world and throughout Western Australia

  • Southern Forrestania overlooked as a gold exploration play as
  • perators have historically focused on nickel and base metals,

despite ~1.2Moz of production from the Bounty gold mine

  • Gold exploration activity increasing with recent Marindi focus
  • n historical high-grade gold mines and pegging of highly

prospective Kit Kat (Kat Gap South) tenement

  • Kat Gap drilling revealing high grade gold with best

intersections of 10m @ 30.77g/t and 8m @ 19.05g/t amongst

  • thers (see ASX:CLZ announcements 24 July 2018 and 08 October 2018)

Southern rn F Forrestan ania a Go Gold P Project, ct, WA

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Forrestan ania Go a Gold – Great Sou t South thern G Gol

  • ld P

Pros

  • spect

ct

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  • Great Southern and Commonwealth

gold mines acquired for $45k deal in October 2018 (see ASX: MZN announcement 15 October 2018)

  • Historical production grades of up to

19g/t, vein grades of up to 50g/t gold and visual gold in historical drill-holes never followed up

  • Recent Marindi random grab samples
  • f surface rock dumps returned

grades up to 9.95g/t gold

  • Highly successful SAM geophysical

survey defines 100’s of metres of structural extensions to historical mines (see ASX:MZN announcement 26 November 2018)

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Great Sou t South thern rn G Gol

  • ld Prosp
  • spect

t – Drilling F g February 2 2019 19

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  • Lode systems visible in pits, gold validated

by Marindi geologists, extensions visible in geophysics

  • Extensions to both Great Southern and

Commonwealth pit lodes open along strike

  • 1,500-2,000m of Reverse Circulation drilling

planned

  • Department of Mines Programme of Work

approval received

  • Drilling to commence February 2019

100m 100m

Fully-funded and permitted drilling program at Great Southern now imminent….

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Forrestan ania Go a Gold – Kit Kat t Gol

  • ld P

Prosp

  • spect (

t (Kat G t Gap ap Sou South th)

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  • Recent drilling at Kat Gap illustrates

significant high-grade gold potential

  • n the western granite/greenstone

structural contact

  • Kit Kat gold prospect comprises

>10km of highly prospective granite/greenstone contact along- strike from Kat Gap gold prospect

  • Sub-Audio Magnetic (SAM)

geophysical survey currently underway

  • SAM proven to highlight prospective

structures – helping to de-risk drilling, which is the next stage of exploration

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Forrestan ania Go a Gold – New P Prosp

  • spects

ts

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  • Acquisition of historical exploration data has:
  • Geochemically reinforced the along-strike extensions
  • f the Great Southern and Commonwealth

prospects;

  • Highlighted three new prospect areas across the

wider Great Southern Project area; and

  • Highlighted two new prospect areas on 100%-owned

Marindi ground – Crossroads and Roman

  • Review of existing exploration reports and geophysical

data has also added the Mt Stewart gold prospect

  • All new prospects have existing drilling, either auger or

RAB, with gold assays supporting their addition to the wider Marindi target set

Granite

Great Southern gold prospect ASX:MZN

Bounty gold mine (closed) ASX:KDR Kat Gap gold prospect ASX:CLZ Granite Granite Granite Granite Mafic Mafic Dolerite Dolerite Mafic Mafic Mafic Mafic Sediments

Gold occurrence

Southern Forrestania gold prospects

Kit Kat gold prospect ASX:MZN

Crossroads Roman Mt Stewart

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Forrestan ania Go a Gold – Th The P Plan an

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  • Drill RC at Great Southern and Commonwealth pit

extensions – Q1 2019

  • Conduct SAM geophysical survey at Kit Kat gold

prospect – Q1 2019

  • Follow-up field work and drilling at wider Great

Southern, Crossroads, Roman and Mt Stewart gold prospects – Q1/Q2 2019

  • Drill Kit Kat gold targets – 2nd half of 2019

Strong pipeline of gold drilling targets spanning an under-explored greenstone belt. Aiming to accelerate exploration over the course of 2019.

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Paterson son – Cop Copper-Gol

  • ld P

Project ct

  • >~1,000sqkm strategic land-holding in the

emerging Paterson Province – one of Australia’s hottest exploration districts

  • Utilising latest technology, Marindi has merged

all available public and private geophysical data

  • ver the Kintyre Project area
  • Numerous large untested geophysical

anomalies highlighted

  • Reinforced existing “walk-up” drill targets
  • Data-mining has revealed historical drill-holes

at Wanderer prospect (Kintyre) with significant copper-gold assays

  • Copper-gold-molybdenum mineral assemblage

in wide iron-oxide alteration zones

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Kintyre Cu/Au Project ASX:MZN

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Paterson son – Wan anderer C r Copper-Gol Gold P Prospect ct

  • Favourable regional structure – fold hinge and limb

“trap-sites” adjacent to major crustal fault

  • At least three apparent “dome” structures visible in

magnetics/gravity/radiometrics

  • At Wanderer historical RC drill-holes with significant

copper-gold assays from <120m including

  • 9m @ 2.6% Cu, including 3m @ 4.7% Cu (87WDRC7)
  • 6m @ 2.7% Cu, 0.18g/t Au (87WDRC6)
  • 7m @ 2.1% Cu, 0.14g/t Au (87WDRC8)
  • 13m @ 1.2% Cu, 0.28g/t Au (87WDRC14)
  • Iron-oxide, Cu/Au/Mo alteration zone ~20-50m

wide in schist/quartzite contact zone, open along- strike, up and down-dip

  • Significant regional exploration potential

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Wanderer Cu/Au Prospect ASX:MZN Major Fault Structure “Domes” Kintyre U Deposit MDP Pty Ltd

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Wan anderer C r Copper-Gol Gold P Prospect t – Section 4 402180E 2180E

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  • Shallow 20-50m wide

magnetite-rich alteration zone with elevated Cu/Au/Mo assays

  • Alteration mineral

assemblage is unique and potentially very meaningful

  • Original drill-holes

were sampled/assayed at 1m-13m intervals

  • Some holes ended in

mineralisation

  • Significant down-dip

exploration potential

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Wan anderer C r Copper-Gol Gold P Prospect t – Plan an V View on

  • n Ae

Aeri rial al I Imag age

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  • Thick magnetite-

rich alteration with Cu/Au/Mo logged

  • ver more than

1,000m of strike

  • Majority of holes
  • nly 120m deep,

some ending in mineralisation

  • Trend open along

strike and down- dip = Scale

  • Significant shallow

exploration potential

Mineralised trend

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SLIDE 15

Be Bellary D y Dom

  • me – Go

Gold-Be Bear aring C Conglom

  • merates
  • ~30km strike length of

exposed conglomerate sequences between Archean basement and Mt Roe Basalt

  • Equivalent stratigraphic

position to Purdys Reward/Comet Well discoveries

  • Known gold-bearing pyritic

conglomerate

  • Tenements surrounded by

Novo Resources in the southern Pilbara

  • Significant exploration

potential

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(see ASX:MZN announcement 19 September 2018)

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Corp Corporate O Overview

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Board and Management

  • Mr. John Hutton

Chairman Accounting/Finance

  • Mr. Simon Lawson

Managing Director Geologist/Ops Management

  • Mr. Geoff Jones

Non-Executive Director Engineer/M.D GR Engineering

  • Mr. Jeremy Robinson

Company Secretary Broking/Finance Capital Structure Share Price (as at 8th February 2018) $0.005 Shares on Issue (ASX: MZN) 1,985M Market Capitalisation $9.9M Cash on hand (as at end of Dec 2018) $0.5M1 Enterprise Value $9.4M Unlisted Options 183.5M2 Board & Management Ownership ~5%

1. Not including $0.4m R&D rebate received in January 2. 66m expiring 31st Dec 2019 exercisable at 2.5c and 117.5m expiring 15th April 2021 exercisable at 2c with varying vesting conditions

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 Management with a clear focus on gold at Forrestania  Low-risk drill-ready targets in an unexplored greenstone belt  Significant high-grade gold potential  Upside exposure to large copper-gold, structural gold, conglomerate-hosted gold, lithium potential and major zinc projects in W.A and the N.T.  Highly motivated to monetise non-core assets to fund exploration activities  A strong dynamic plan to return value to shareholders

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Summa mmary – Mari arindi looki

  • oking g

gol

  • lden

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ASX: MZN T: +61 8 9322 2338 E: info@marindi.com.au A: Level 3, 35 Havelock St, West Perth, 6005

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