Slide 1: Advancing Australia's Next Critical Metals Projects
Montezuma Silver & Antimony Deposit − TAS For personal use only MZS19: 2,196 g/t AgEq over 1m within 776 g/t AgEq over 9.9m Advancing Australia’s Next Critical Metals Projects Antimony | Silver | Gold | Tin Magwood Antimony Tier-1 Mining Jurisdictions: NSW & Tasmania Deposit − NSW MAG010: 19.61% Sb
Slide 2: Disclaimer, Competent Person's Statement, etc.
Disclaimer, Competent Person’s Statement, etc. Disclaimer Most recent reference documents used in this presentation The material in this presentation contains certain technical information, including regarding possible or assumed LDR announcement 12 March 2024 “Significant Auger Drill Program Comple
Slide 3: Investment Highlights
Investment Highlights High-Grade Antimony, Silver & Gold Portfolio For personal use only Tasmania – Flagship Development with 4 Granted Mining Licenses • Montezuma Silver–Antimony Project – flagship asset within a broader High-Grade Antimony–Silver District • Maiden JORC (2012) MRE: 480kt @ 533 g/t
Slide 4: Leveraging Structural Demand for Antimony, Silver & Gold
Leveraging Structural Demand for Antimony, Silver & Gold Structural Demand for Antimony & Precious Metals For personal use only • Antimony: critical for defence, batteries and semiconductors; >50% supply controlled by China, driving Western supply security initiatives • Silver: essential for solar,
Slide 5: Corporate Snapshot
Corporate Snapshot Share Price (A$/sh) Board & Management Own 25% — Strong Alignment with Shareholders For personal use only Major Shareholders Board & Management 25% SG Hiscock & Company 7.4% Technical Investing 4.0% 25% Directors & Corporate Structure management Share Price (13/4/26) $0.16 Shares
Slide 6: Experienced Team Driving Project Development
Experienced Team Driving Project Development Directors & Management For personal use only Andrew Van Heyst Ted Leschke Keith Mayes Executive Chairman Exec Director Exploration Managing Director Institutional equities and corporate advisory specialist Resources executive and geologist with 30+ years’
Slide 7: Tasmania Projects
For personal use only Tasmania Projects • Flagship Montezuma Silver-Antimony Project • Silver Hills Silver-Antimony Prospect • Granville Tin Project 7 Lode Resources Ltd | April 2026
Slide 8: Project Location
TASMANIA: Montezuma Silver-Antimony Project Project Location For personal use only Infrastructure-Rich Location in Tasmania’s West Coast • Located in one of Australia’s longest producing mining districts • Surrounded by major operations: Rosebery (Zn-Pb-Cu), Renison Bell (Sn), Henty (Au) and Mt Lyel
Slide 9: Montezuma: Near-Term High-Grade Silver–Antimony Development Opportunity
TASMANIA: Montezuma Silver-Antimony Project TASMANIA Project Snapshot For personal use only Montezuma: Near-Term High-Grade Silver– Antimony Development Opportunity Maiden JORC (2012) Mineral Resource Estimate (MRE) of 480kt @ 533 g/t AgEq1 for 8.2Moz AgEq1confirms high-grade, structurally controlle
Slide 10: Montezuma Maiden MRE (JORC 2012)
TASMANIA: Montezuma Silver-Antimony Project TASMANIA Montezuma Maiden MRE (JORC 2012) High-grade Silver–Antimony System with Clear Pathway to Scale at Montezuma For personal use only Key Highlights • 480kt @ 533 g/t AgEq1 for 8.2Moz AgEq1 • Defined mineralisation to ~250m depth and ~300m strike, ope
Slide 11: Capital-Efficient Development Pathway
TASMANIA: Montezuma Silver-Antimony Project TASMANIA Capital-Efficient Development Pathway Beneficiation For personal use only Plant Footings Raw Water Dam Empty Tailings Dam Montezuma Silver & Antimony Deposit Granville Processing Infrastructure (Brownfields Site) • Strong metallurgical recoveries
Slide 12: Initial Surface & Drill Sampling − Long Section
TASMANIA: Montezuma Silver-Antimony Project TASMANIA Initial Surface & Drill Sampling − Long Section 446 g/t Ag 10.6% Pb 6.01% Sb SGD+0: 1,950 g/t Ag MZSFW1 14.00% Pb For personal use only 10.10% Sb 3,050g/t Ag SGD+10: 18.30% Sb 9.50m @ 18.9% Pb SGD+5: 29.68% Pb 399 g/t Ag 17.2% Sb SGD+15: 1.86% Sb
Slide 13: Planned Drilling
TASMANIA: Montezuma Silver-Antimony Project TASMANIA Planned Drilling For personal use only Key Priorities Infill drilling to upgrade Inferred resource to indicated to support PFS Extension drilling to test for deeper zones of mineralisation Geotechnical and hydrological drilling to support the PFS
Slide 14: Active Drilling Defining a High-grade Silver-Antimony Deposit
TASMANIA: Montezuma Silver-Antimony Project Active Drilling Defining a High-grade Silver-Antimony Deposit South Exploration Adit North & Previous • MRE completed with 8,000–10,000m Drilling drilling program underway defining the For personal use only Montezuma silver–antimony deposit Open • Initial
Slide 15: High-Grade Silver-Antimony Mineralisation Across the District
TASMANIA: Montezuma Silver-Antimony Project TASMANIA High-Grade Silver-Antimony Mineralisation Across the District • Historic Fahlore and Blocks East mine workings returned high-grade Antimony-Silver-Copper samples For personal use only confirming strong mineralisation: • Best Fahlore results includ
Slide 16: Development Strategy & Next Steps at Montezuma
TASMANIA: Montezuma Silver-Antimony Project Development Strategy & Next Steps at Montezuma Montezuma Development Pathway Quarter: 4Q CY25 1Q CY26 2Q CY26 3Q CY26 4Q CY26 For personal use only Complete current drilling programme STAGE 1 Resource Maiden Mineral Resource Estimate (MRE) Definition Expan
Slide 17: Silver Hills Project
TASMANIA: Silver Hills Project Silver Hills Project (TAS) – High-Grade Silver–Antimony High-Grade Silver–Antimony System Surrounding Historic Mt Bischoff Mine For personal use only Exceptional Grade System Confirmed • Up to 9,370 g/t Ag, 18.6% Sb, 81.0% Pb from surface sampling Tier-1 Location surro
Slide 18: Granville Tin Project
TASMANIA: Granville Tin Project Granville Tin − Strategic Optionality Sampling complete- results imminent High-Grade Tin Potential in a Historic West Coast Mining District of Tasmania For personal use only • Tin-magnetite skarn deposit historically mined at Granville East • 8km from Lode’s Granville
Slide 19: NSW Projects
For personal use only NSW Projects • New England Antimony Project • Magwood Antimony Mine • Rock Abbey Gold-Antimony Prospect • Uralla Gold Project 19 Lode Resources Ltd | April 2026
Slide 20: NSW: New England Antimony Project
NSW: New England Antimony Project Project Location − New England Antimony Project New England region of NSW, ~35km northeast of Hillgrove Mine For personal use only Magwood Antimony Mine Lode’s EL9662 1,105 km2 Multiple Antimony Prospects Hillgrove Antimony & Gold Mine 20 Lode Resources Ltd | April
Slide 21: NSW: Magwood Antimony Project
NSW: Magwood Antimony Project NSW Drilling Confirms High-Grade Antimony System High-Grade Drill assays up to 31.1% stibnite (Sb) from inaugural program: • 9.92% Sb over 4.8m (MAG010) 7.1m @ 0.04% Sb from 74.3m* For personal use only 2.0m @ 0.17% Sb from 77.0m 0.2m @ 1.75% Sb from 79.5m • incl. 19.61
Slide 22: NSW: Rock Abbey Project
NSW: Rock Abbey Project Regional Exploration − Rock Abbey Project Rock Abbey Project, NSW Rock Abbey Sample Sb Au • Gold and Antimony Mineralisation For personal use only Number % g/t controlled by microdiorite dyke R568 R569 0.23 37.70 0.24 0.04 swarm, providing clear exploration R570 28.90 0.10 R5
Slide 23: NSW: Uralla Gold Project Snapshot
NSW Uralla Gold Project NSW: Project Snapshot − Uralla Gold Project Uralla Gold Project, NSW For personal use only Intrusive-related gold project in the New England region of NSW • Location: ~300km² landholding covering the historic Uralla goldfield, northern NSW • Commodity: Gold mineralisation int
Slide 24: Multiple Gold Targets Confirmed − Uralla Project
NSW: Uralla Gold Project NSW Multiple Gold Targets Confirmed − Uralla Project Uralla Gold Project, NSW Gumtree Prospect KTN007: 14.0m @ 1.24 g/t Au from 68m For personal use only Broad gold mineralisation confirmed across multiple KTN005: 10.0m @ 1.32g/t Au from 9m KTN006: 16.0m @ 0.79g/t Au from 10
Slide 25: Uralla Gold Project − Walk-up Drill Targets & Potential at Depth
NSW: Uralla Gold Project NSW Uralla Gold Project − Walk-up Drill Targets & Potential at Depth Dyke Lode anomaly KTN010: 15.0m @ 2.09g/t Au from 12m Circular feature KTN011: 5.0m @ 1.04 g/t Au from 16m potentially representing KTN012: 6.0m @ 0.75g/t Au from 39m For personal use only an intrusive stoc
Slide 26: Value catalysts 2026-2027
Value catalysts 2026-2027 Multiple catalysts expected to drive resource growth and shareholder value For personal use only Maiden JORC (2012) MRE confirms high-grade silver–antimony system with clear pathway to scale at Montezuma Metallurgical optimisation targeting high-grade silver and antimony co
Slide 27: Contact
Contact Lode Resources Ltd For personal use only Suite 506, Level 5, 50 Clarence St, IR & Media Contact Sydney NSW 2000 Pia Lehman info@loderesources.com Pia@taumedia.com.au 27 Lode Resources Ltd | April 2026