Lode Resources Ltd · ASX:LDR
Lode Resources — Investor Presentation (September 2025)
23 slides from Lode Resources's investor presentation, Sep 11, 2025
Slide 1: Antimony and Silver Projects – September 2025 Presentation
For personal use only TAS & NSW Antimony and Silver Projects Critical Minerals for a Sustainable Future September 2025 Presentation ASX:LDR Montezuma Antimony & Silver deposit – DZS19: 1m @ 2,196 g/t AgEq within 9.9m @ 776 g/t AgEq
Slide 2: Disclaimer
Disclaimer, etc. Disclaimer Most recent reference documents used in this presentation The material in this presentation contains certain technical information, including regarding possible or LDR announcement 11 October 2022 titled “Phase II Drilling Intersects 47m of Sulphide Mineralisation” assume
Slide 3: Executive Summary – Directors & Management
1 Executive Summary Directors & Management Andrew Van Heyst Ted Leschke Keith Mayes Jason Beckton Steve McDermott Executive Chairman Managing Director Non-Exec Director Non-Exec Director Operations Manager, Tasmania For personal use only With more than 30 years’ Ted has more than 30 years’ Keith has
Slide 4: Corporate Snapshot
1 Corporate Snapshot Share Price Price (A$/sh) Major Shareholders For personal use only Andrew Van Heyst 11.4% Ted Leschke 11.1% SG Hiscock & Company 7.4% Technical Investing 4.0% Corporate Structure Share Price (11/9/25) A$0.15 Cash (Jun Qtr 2025) $3.2m 25% Top 100 Directors & Shares on Issue 161.8
Slide 5: The Antimony Market
2 The Antimony Market Increasing Antimony demand as a result of China’s antimony production has fallen by 67% the Energy Transition and Safety Standards in the last decade For personal use only Increasing uses of Antimony Source: Bloomberg ➢ Solar panels (photovoltaic cells) to increase panel effici
Slide 6: Executive Summary Overview
3 Executive Summary Overview Focus on Antimony and Silver in Tasmania and the New England Fold Belt For personal use only 100% ownership of all projects with characteristics of high grade and open mineralisation Portfolio of strategic antimony prospects - Montezuma Antimony & Silver Project together
Slide 7: Project Location
4 Montezuma Antimony & Silver Project, Tasmania Project Location Location overview ➢ Montezuma Antimony & Silver Project located For personal use only in Tasmanian’s premier West Coast Mining Province ➢ Well-known Tasmanian mining centres surround Montezuma Antimony & Silver Project including Rosebu
Slide 8: Project Location
4 Montezuma Antimony & Silver Project, Tasmania Project Location Location overview ➢ Montezuma Antimony & Silver Project located For personal use only in Tasmanian’s premier West Coast Mining Province (2M-20Granville Beneficiation Infrastructure ➢ Well-known Tasmanian mining centres 2M/2018, 32M-198
Slide 9: Project Highlights
4 Montezuma Antimony & Silver Project, Tasmania Project Highlights ➢ Surface, exploration drive and drill intercepts sampling has 1 High-grade antimony-silver demonstrated Montezuma lode to be a high-grade antimony and deposit silver deposit. Lode is targeting a MRE (Mineral Resources For personal u
Slide 10: Initial Surface and Development Sampling
4 Montezuma Antimony & Silver Project, Tasmania Initial Surface and Development Sampling Surface grab sampling Stockpiled mineralisation sampling ➢ Surface grab samples - 5m intervals along a 50m exposure of the deposit Sample Sb Ag Pb Sample Sb Ag Pb For personal use only ➢ Surface grab samples gra
Slide 11: Initial Surface & Drill Sampling – Long Section
4 Montezuma Antimony & Silver Project, Tasmania Initial Surface & Drill Sampling – Long Section For personal use only 446 g/t Ag 10.6% Pb 6.01% Sb SGD+0: 1,950 g/t Ag MZSFW1 14.00% Pb 10.10% Sb 3,050g/t Ag SGD+10: 18.30% Sb 18.9% Pb 9.50m @ SGD+5: 29.68% Pb 399 g/t Ag 17.2% Sb SGD+15: 1.86% Sb 291 g
Slide 12: Initial Drilling Sample Assays
4 Montezuma Antimony & Silver Project, Tasmania Initial Drilling Sample Assays From To Interval Sb Ag Au Pb Cu Sn Hole (m) (m) (m) (%) (g/t) (g/t) (%) (%) (%) MZSFW1 3.00 12.50 9.50 1.86 291 0.38 2.82 0.14 0.09 For personal use only incl. 7.30 11.20 3.90 1.95 430 0.38 2.67 0.12 0.07 incl. 8.60 10.50
Slide 13: Exploration Model
4 Montezuma Antimony & Silver Project, Tasmania Exploration Model Surface Channel Sampling Montezuma Antimony & Silver Project For personal use only SGD+50: 5.12% Sb, 986 g/t Ag – a model for exploration SGD+45: 10.40% Sb, 158 g/t Ag Development Face Structural geology Sampling SGD+40: 5.73% Sb, 175
Slide 14: Exploration Model & Current Drill Programme
4 Montezuma Antimony & Silver Project, Tasmania Exploration Model & Current Drill Programme Surface Channel Sampling For personal use only Sample no. M004: 8.43% Sb, 109g/t Ag SGD+50: 5.12% Sb, 986 g/t Ag SGD+45: 10.40% Sb, 158 g/t Ag Development Face Sampling SGD+40: 5.73% Sb, 175 g/t Ag LT1: 1.8m
Slide 15: Current Drill Programme
4 Montezuma Antimony & Silver Project, Tasmania Current Drill Programme ➢ A 50-to-60-hole drilling programme (8,000m to 10,000m) ongoing defining For personal use only and extending the Montezuma deposit, down dip and along strike ➢ 24 holes drilled, 18 drill hole assays reported, 62 intercepts, 26
Slide 16: Current Drill Programme
4 Montezuma Antimony & Silver Project, Tasmania Current Drill Programme Multiple mineralised structures points to Top 25 drill intercepts ranked by endowment. Potential bulk tonnage resource For personal use only From To Interval SbEq1 AgEq1 Au2 Sn2 Endowment Hole (m) (m) (m) (%) (g/t) (g/t) (%) (Ag
Slide 17: Metallurgy Advancing Well – Flotation Testing
4 Montezuma Antimony & Silver Project, Tasmania Metallurgy Advancing Well Flotation Testing ➢ Flotation testwork produces antimony-silver concentrate feedstock for For personal use only smelters and/or leach circuit ➢ Multiple flotation variables are tested – grind size, pH, reagents, float time ➢ T
Slide 18: Metallurgy Advancing Well – Leach Testing
4 Montezuma Antimony & Silver Project, Tasmania Metallurgy Advancing Well Leach Testing ➢ Flotation concentrate can be feedstock for a leach circuit For personal use only ➢ Leach testwork producing high-grade antimony sulphides feedstock for smelters ➢ Antimony sulphide precipitates include antimony
Slide 19: Next Steps
4 Montezuma Antimony & Silver Project, Tasmania Next Steps For personal use only Next Steps at Montezuma Antimony & Silver Project ➢ Complete current 10,000m drilling programme ➢ Establish inaugural Mineral Resource Estimate (MRE) ➢ Expand MRE through deeper drilling ➢ Complete comprehensive flotati
Slide 20: Magwood Antimony Project, NSW
5 Magwood Antimony Project, NSW Project Location – Large Strategic Tenement With Multiple Sb Prospects For personal use only NSW ` Multiple Antimony Prospects Lode Resources Ltd | September 2025 20
Slide 21: Hillgrove Sb/Au Mineralised Lodes – An Analog for Magwood
5 Magwood Antimony Project, NSW Hillgrove Sb/Au Mineralised Lodes − An Analog for Magwood Magwood Hillgrove For personal use only zero drill holes 19,000 drill holes Sb dominant +/- Au ? Drill Target ? Drill Target ? Drill Target ? Au dominant Source: LVR presentation 11 September 2024 +/- Sb Lode R
Slide 22: Magwood drilling has commenced
5 Magwood Antimony Project, NSW Magwood drilling has commenced SW Main NE Shaft Old For personal use only Shaft Adit 1A Drill Targets ➢ Magwood Antimony Mine was former • Remanent stockwork significant primary producer of antimony zones Adit 1 (Sb) between 1941 and 1970 with • disseminated zones rec
Slide 23: Lode Resources Ltd
For personal use only Lode Resources Ltd Level 15, Governor Macquarie Tower, 1 Farrer Place Sydney NSW 2000 info@loderesources.com.au
Lode Resources — Investor Presentation (September 2025) on 6ix