Theta Gold Mines Ltd. · ASX:TGM

Theta Gold Mines — Shareholder Meeting (November 2022)

13 slides from Theta Gold Mines's shareholder meeting presentation, Nov 30, 2022

1. Slide 1: AGM Presentation

   For personal use only AGM Presentation By Chairman Bill Guy – 30 November 2022 DFS COMPLETED TO RECOVER 1.08Moz Au OVER 12.9 YEARS LOM INITIALLY AT TGME UNDERGROUND MINE 6.1Moz GOLD RESOURCE & GROWING PROJECT FINANCING IN PROGRESS

2. Slide 2: Disclaimer

   Disclaimer FORWARD LOOKING AND CAUTIONARY STATEMENTS DISCLAIMER AND COMPETENT PERSONS STATEMENT For personal use only This presentation may refer to the intention of Theta Gold Mines regarding estimates or future events which could DISCLAIMER be considered forward looking statements. Forward looking

3. Slide 3: Snapshot: Reviving South Africa's first gold rush

   Snapshot Reviving South Africa’s first gold rush For personal use only  6 M oz of High-grade Gold under management (One of the largest Resources bases on ASX held by Junior)  The Kirkland Lake Strategy - Back to the first gold rush for the next generation of mines.  43 Historical Mines 620km2 of

4. Slide 4: ASX Listing

   ASX Listing For personal use only Ordinary Shares ASX: TGM 632M¹ Out-of-the-money unlisted options and 73M management performance rights Market Capitalisation1 ~A$47M (~US$31M) (undiluted) Top Shareholders: BNP PARIBAS NOMINEES PTY LTD 14.1% ZENITH (HK) HOLDING LIMITED 7.8% CITICORP NOMINEES PTY LIM

5. Slide 5: Theta Gold Mines – Definitive Feasibility Study

   Theta Gold Mines – Definitive Feasibility Study DEVELOPMENT DRILL RIG LONG HOLE DRILL RIG LHD For personal use only  The company’s growth strategy is developed on scaling up production from 4 historic underground mines: o Beta, Rietfontein, Frankfort, and CDM  As detailed in the recently released

6. Slide 6: Theta Gold Highlights achieved last months 2022

   Theta Gold Highlights achieved last 6 months 2022 For personal use only ASX Release date:  Water Use License Granted for the Frankfort Mine (Fully Permitted). 02/11/2022  Theta Gold executes A$110M Term Sheet with Sprott 19/10/2022  Atmospheric Emissions License issued for the operation of the pr

7. Slide 7: Theta Gold expected Catalysts in the next months

   Theta Gold expected Catalysis in the next 6 months For personal use only  Permitting completion for Mining Right 83 (EIA, WUL)  Completion of Sprott due diligence  Binding Streaming Agreement  Commercial Bulk Sampling  Early Cashflow Options  Project Full-funded  Final Investment Decision (FI

8. Slide 8: Corporate Directory

   Corporate Directory For personal use only BOARD OF DIRECTORS REGISTERED AND PRINCIPLE OFFICE Bill Guy Executive Chairman (Economic Geology) Level 35, International Tower One Richie Yang NED (Corporate Finance) 100 Barangaroo Avenue Bryon Dumpleton NED (Resource Geology) Barangaroo, Sydney, NSW 2000

9. Slide 9: Appendix A Environmental and Feasibility Studies completed

   Appendix A Environmental and Feasibility Studies completed 2022 Specialist Studies Environmental Specialists Status Air Quality impact assessment and Greenhouse Gas Airshed Planning Professionals (Pty) Description Beta Rietfontein Frankfort CDM  For personal use only Assessment Ltd Geotechnical Stu

10. Slide 10: Combined Minerals Resource Statement (~6.1Moz)

    Combined Minerals Resource Statement (~6.1Moz) Combined Mineral Resource For personal use only Resource Classification Type of Operation Tonnage Gold Grade Gold Content Mt g/t Kg koz Underground 0.091 5.37 489 15.7 Measured Open pit Tailings Total Measured 0.091 5.37 489 15.7 Underground 4.774 6.21

11. Slide 11: Total Mineral Resources of the Mines included in the DFS

    Total Mineral Resources of the 4 Mines included in the DFS - Combined as of 1 February 2021 For personal use only Reef Stope Reef Stope Reef Stope Mineral Resource Content Au Content Mine Reef Grade Grade Width width Tonnes Tonnes Classification g/t g/t cm cm cm.g/t Mt Mt kg koz Measured Frankfort B

12. Slide 12: Mineral Resource Statement – Underground Only (~4.5Moz)

    Mineral Resource Statement – Underground Only (~4.5Moz) Mineral Resource Reef Grade Stope Grade Reef Width Stope width Content Reef Tonnes Stope Tonnes Au Content For personal use only Mine Reef Classification g/t g/t cm cm cm.g/t Mt Mt kg koz Measured Frankfort Bevetts 7.13 5.37 73 103 520 0.069 0.

13. Slide 13: Mineral Resource Statement – Open Pit Only (~1.4Moz)

    Mineral Resource Statement – Open Pit Only (~1.4Moz) Reef Grade Reef Width Content Reef Tonnes Au Content Mineral Resource Classification Open Pit Mine Reef For personal use only g/t cm cm.g/t Mt kg koz Hermansburg Eluvial 1.79 0 0 0.505 905 29.1 DG1 Eluvial 2.24 0 0 0.640 1 432 46.0 DG2 Eluvial 0.6

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