Narryer Metals Limited · ASX:NYM
Narryer Metals — Merger or Acquisition (November 2026)
27 slides from Narryer Metals's merger presentation, Nov 5, 2026
Slide 1: Redhill Copper Acquisition
rsonal use only Redhill Copper Acquisition High-grade copper exploration Richard Bevan Executive Chairman
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by Narryer Metals Limited (Narryer or the Company) based on information available at the date of this Presentation. To the fullest extent permitted by law, Narryer and its officers, employees, agents and advisers do not make any presentation or warranty
Slide 3: Narryer Metals (Post Transaction Completion): Solid Foundation for Growth
NARRYER METALS (POST TRANSACTION COMPLETION) SOLID FOUNDATION FOR GROWTH Shares on Issue1 Options/PR2 Cash Balance3 Market Cap4 241M 18.46M $2.0M $10.8M rsonal use only SHARE PRICE & VOLUME (ASX:NYM) BOARD OF DIRECTORS $0.090 12-MONTH SHARE PRICE PERFORMANCE 12,000,000 Richard Bevan | Executive Chai
Slide 4: Critical Minerals Exploration: Highly Prospective Projects Across Australia and Canada
CRITICAL MINERALS EXPLORATION HIGHLY PROSPECTIVE PROJECTS ACROSS AUSTRALIA AND CANADA NWT PROJECTS (Critical Minerals & Lithium) MUCKANIPPIE ROCKY GULLY (ASX:PTR JV) rsonal use only & PINGRUP Strategic Diverse Underexplored Multiple catalysts (Sc-REE-Ga) exposure portfolio high-potential driving val
Slide 5: Recent Acquisition of the Redhill Copper Project
RECENT ACQUISITION OF THE REDHILL COPPER PROJECT TRANSACTION OVERVIEW1 ACQUISITION UP-FRONT CONSIDERATION Subject to 12- STRATEGIC INVESTMENT 29Metals to 100% Redhill Copper Project 20m Shares month escrow from issue A$1m invest at A$0.10/share rsonal use only KEY TERMS TRANSACTION STRUCTURE Acquiri
Slide 6: Copper in Chile
COPPER IN CHILE WORLD-LEADING COPPER MINING AND EXPLORATION CHILE COPPER 24% DEMAND rsonal use only OF GLOBAL COPPER EXPECTED TO BE PRODUCTION >50Mt/pa BY 2050 COMMODITY SIGNIFICANT PRICE GLOBAL AT ALL TIME HIGHS SUPPLY-SIDE CHALLENGES REDHILL – A NEW OPPORTUNITY IN SOUTHERN CHILE Located in the und
Slide 7: A Significant Landholding in Southern Chile
Redhill Copper Project A SIGNIFICANT LANDHOLDING IN SOUTHERN CHILE • ~ 160 km2 tenement package in the rsonal use only Magallanes Region • Covers over 150km of the prospective Rocas Verdes belt • Redhill project area is at sea level and previous mining operations ran all year round • Most advanced p
Slide 8: Cutters Cove Location
Redhill Copper Project CUTTERS COVE LOCATION SEA LEVEL, NEAR-SHORE ACCESS, PROTECTED WATERS AND ESTABLISHED LOGISTICAL PATHWAYS • Access Punta Arenas to Cutters is by rsonal use only barge, or by 45-minute helicopter ride • Protected waters Project sits at sea level, near Barge access at Cutter Cove
Slide 9: High-Grade Copper with Significant Resource Growth Upside
Redhill Copper Project HIGH-GRADE COPPER WITH SIGNIFICANT RESOURCE GROWTH UPSIDE HISTORICAL HIGH-GRADE COPPER PRODUCTION, LARGE SCALE EXPLORATION TARGET 4.3Mt1 @ 1.7% Cu, Recent assays3 – 15% Cu,176g/t Ag,1830 ppm Bi rsonal use only 0.3g/t Au, 33g/t Ag STABLE Existing Inferred MRE PRO-MINING JURISDI
Slide 10: Cutters Cove Mineralisation
CUTTERS COVE MINERALISATION TWO MINERALISATION STYLES SUPPORT MULTIPLE RESOURCE GROWTH PATHWAYS Mesothermal veins1 • Quartz-chalcopyrite shear-hosted veins in Palaeozoic deformed shale basement rocks, 1 to 5m thick. • Historical production areas show high-grade copper rsonal use only and silver-gold
Slide 11: Cutters Cove Area - Advanced Exploration
Redhill Copper Project CUTTERS COVE AREA - ADVANCED EXPLORATION A HIGH-GRADE COPPER SYSTEM WITH DISTRICT-SCALE POTENTIAL • Six identified areas of mineralisation rsonal use only • Cutter most advanced, produced 212kt of ore @ 1.72% Cu from 1971-1975 • Current MRE Cu grade at Cutter is 3.0% • 3 drill
Slide 12: Cutters – Mesothermal Style Veins
Redhill Copper Project CUTTERS – MESOTHERMAL STYLE VEINS1,2 HIGH-GRADE, OPEN AND AN IMMEDIATE RESOURCE GROWTH TARGET Zone of ZDD013 matched 1970’s underground 5% Cu grade ~400m strike of known mineralisation Current Cutters veins extend ~400m strike in the MRE rsonal use only High-grade system High-
Slide 13: Cristina and Gorda - High-Grade Mesothermal Veins
Redhill Copper Project CRISTINA AND GORDA - HIGH-GRADE MESOTHERMAL VEINS AN IMMEDIATE RESOURCE GROWTH TARGET • Cristina vein >1km in strike with discrete zones >5% Cu2 historically mined- DRILL AND CHANNEL HIGHLIGHTS • Gorda vein ~100m west of the Cristina and extends over 500m in a parallel strike
Slide 14: Franceses Mineralisation – Sedimentary Contact
Redhill Copper Project FRANCESES MINERALISATION – SEDIMENTARY CONTACT1,2 LARGE, SHALLOW SYSTEM WITH THICK ZONES OF CU-AG MINERALISATION FRANCESES CU PROSPECT – GEOLOGY AND MINERALISATION • Discovered by Redhill Mining from outcrop mapping. No historic mining • Sedimentary contact style rsonal use on
Slide 15: Drill Targets Identified
Redhill Copper Project DRILL TARGETS IDENTIFIED GEOCHEM AND SHALLOW HOLE DIAMOND DRILLING RESULTS IDENTIFY EXTENSIONS TO THE CURRENT RESOURCE1,2 ANGELICA – GORDA - CUTTERS CUTTERS - INGLESES rsonal use only Multiple drill targets identified Strong geochemical signatures for Cu, Ag, and Au anomalism
Slide 16: Upcoming Field Program January–May 2027
Redhill Copper Project UPCOMING FIELD PROGRAM JANUARY – MAY 2027 Structural mapping and target review opportunities across the Project rsonal use only Short-hole drilling to define new targets at Ingleses and Franceses Progress regulatory approvals for next stage resource drilling Review historical
Slide 17: Investment Highlights
INVESTMENT HIGHLIGHTS TIER 1 JURISDICTION SHALLOW MINERALISATION Chile – an established, world-class copper Current target is shallow, with potential for rsonal use only mining region. depth and strike extensions. POSITIVE COPPER THEMATIC EXPLORATION FOCUS Positioned to benefit from long-term Target
Slide 18: Appendices
APPENDICES rsonal use only ASX:NYM 18
Slide 19: Exploration History and Recent Fieldwork
EXPLORATION HISTORY AND RECENT FIELDWORK LIMITED MODERN EXPLORATION DRILLING - SHALLOW INTERSECTIONS AND IMMEDIATE FOLLOW-UP OPPORTUNITIES KEY MILESTONES KEY TAKEAWAYS 1970–75 212kt of ore produced @ 1.72% Cu Proven high-grade system 1 rsonal use only 1991–93 Regional sampling identified 48 priority
Slide 20: Existing High-Grade Mineral Resource
EXISTING HIGH-GRADE MINERAL RESOURCE 4.3Mt at 1.7% Cu, 0.3 g/t Au and 33g/t Ag Cutters Cove Project Inferred Mineral Resources1,2 rsonal use only Grade Contained Metal Tonnes Cu Au Ag Cu Au Ag Deposit Category Mt % g/t g/t t oz koz Cristina Inferred 1.3 2.3 0.3 41 29,601 10,481 1,719 Angelica Inferr
Slide 21: Existing Exploration Target
EXISTING EXPLORATION TARGET1 Tonnage Grade Min to Max Ranges Contained Metal Ranges* Style Range* rsonal use only Mt Cu % Au g/t Ag g/t CuEq%# Cu Tonnes Au oz Ag koz Extensions 15 to 23 1.2 to 1.8 0.5 to 0.6 34 to 49 2.1 to 3.0 171,800 to 405,000 221,400 to 479,300 16,000 to 35,900 New Veins 1 to 19
Slide 22: Exploration Target
EXPLORATION TARGET THREE COMPONENTS: VEIN EXTENSIONS, NEW VEINS & SEDIMENTARY-CONTACT TARGETS rsonal use only ASX:NYM 22
Slide 23: Red Hill Geology
RED HILL GEOLOGY1 PROSPECTIVE, UNEXPLORED GEOLOGY KEY GEOLOGICAL POINTS REGIONAL GEOLOGICAL SETTING • Modern Andean Setting Mineralisation at Redhill Project is strongly controlled by modern rsonal use only Andean Geology • Rocas Verdes Belt Project occurs in the central part of the Rocas Verdes - a
Slide 24: Cristina and Gorda - Mesothermal Style Veins
CRISTINA AND GORDA - MESOTHERMAL STYLE VEINS HIGH-GRADE, OPEN MINERALISATION rsonal use only Detail of half HQ sample 567 (25.33-26.33m drillhole ZDD004) 2.32 ppm Au, 148 ppm Ag, 1.44 % Cu 4.34 % Pb. This Crack-seal veining from the Gorda Vein, (25.31 m depth. sample had a high content of galena and
Slide 25: Franceses Mineralisation – Sedimentary Contact
FRANCESES MINERALISATION – SEDIMENTARY CONTACT1,2 • Thick intercepts from 2016 drilling Franceses Cross Section Franceses drilling campaign produced the widest +1% Cu intercepts in rsonal use only the history of the project • Mineralisation remains open All intercepts remain open and highlight the s
Slide 26: Upcoming Work Program – Initial Drilling
UPCOMING WORK PROGRAM – INITIAL DRILLING PREPARING APPROVALS, REFINING TARGETS & READYING THE FIELD PROGRAM rsonal use only ASX:NYM 26
Slide 27: Copper – Structural Demand Meets Constrained Supply
COPPER – STRUCTURAL DEMAND MEETS CONSTRAINED SUPPLY A TIGHTENING MARKET SUPPORTED BY ELECTRIFICATION, GRID INVESTMENT AND LIMITED NEW MINE SUPPLY DEMAND Copper demand continues to grow rsonal use only • Electrification and global energy transition driving long-term copper consumption • Significant e
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