Metals Australia Ltd · ASX:MLS
Metals Australia — Prospectors & Developers Association of Canada (PDAC) Convention 2026
26 slides from Metals Australia's conference presentation, February 2026
Slide 1: Metals Australia
ASX:MLS Metals Australia Company and Project Overview – The Prospectors & Developers Association of Canada Convention - Toronto March 1-4 Based on summarised publicly available information
Slide 2: Disclaimers
Disclaimers CAUTIONARY STATEMENT REGARDING FORWARD LOOKING INFORMATION This presentation contains forward-looking statements concerning Metals Australia Ltd. Forward-looking statements are not statements of historical fact and actual events and results may differ materially from those described in t
Slide 3: Metals Australia Ltd & Northern Resources Inc.
Metals Australia Ltd & Northern Resources Inc. Critical and Strategic Skilled Board & Project Developer Preferred Partner Minerals Focus - Executive Team Advancing projects from Committed to fostering Canada & Australia Proven expertise in discovery through long-lasting discovery, project developmen
Slide 4: Board & Management
Board & Management Michael Scivolo Alexander Biggs Rachelle Domansky Basil Conti Non-Executive Chairman Non-Executive Director Non-Executive Director Non-Executive Director Mr. Scivolo is an experienced Director, having been Mr. Biggs is a qualified mining and mechanical Ms. Domansky has a masters d
Slide 5: Corporate Snapshot
Corporate Snapshot Share Price Shares on Issue Market Capitalisation Cash at Bank $0.023 731.72M ~ $16.09M ~ $5.59M On 26 Feb 2026 On 26 Feb 2026 On 31 Dec 2025 52 Wk.: L $0.016, H $0.039 Enterprise Valuation Unlisted Options % held by Top 20 Shareholders ~ $10.50M NIL ~ 46.45% Amounts shown are $AU
Slide 6: Project Portfolio
Project Portfolio Corvette River Gold, Silver & Base Metals Multiple prospects Warrego East Lac Carheil Copper-Gold Graphite Mineral Resource prospects Studies Underway: • PFS (upstream) Manindi • PEA (downstream) a) Zinc-Copper- Silver MRE (JORC) b) Vanadium- Titanium-Magnetite Discovery Advancing
Slide 7: Why a High-Grade Graphite Project in Canada Matters
Why a High-Grade Graphite Project in Canada Matters Graphite demand is rising: • EV sales grew 20% globally in 2025 to 20.7 Million vehicles. • EV and stationary Energy Storage batteries now account for 1/3rd of total graphite consumption A. • Barriers to EV adoption are be removed - Brand choice, p
Slide 8: CANADA - Lac Carheil Graphite Project
CANADA - Lac Carheil Graphite Project Upstream – Mine & Processing Plant Downstream – Battery Anode Material Refinery Figure 1. Project Location ~20 km south of Fermont, Quebec Figure 2. Concentrate Transportation, Industrial Land & Community Acceptance Will Drive location ASX:MLS 8
Slide 9: Lac Carheil Graphite Project Overview
Lac Carheil Graphite Project Overview Overview: World Class Mineral Resource - Strategically Significant Scale Potential Predevelopment studies well advanced for upstream & downstream projects 2025 - 2026 Progress: Drilling: Completed 11,800m of diamond drilling with 4,880m of Graphite logged & sa
Slide 10: Lac Carheil Graphite Project - Upstream
Lac Carheil Graphite Project - Upstream Resource Potential is Enormous9: • Updated Mineral Resource from less than 7% of sampled graphite trends3,9 • Mineral Resource Estimate: 5.1 Mt of Contained graphite [2.8 Mt Indicated / 2.3 Mt Inferred]. Production consumes 0.1 Mt per annum • Mine plan targets
Slide 11: Lac Carheil Graphite Project - Downstream
Lac Carheil Graphite Project - Downstream High Purity Graphite Products for Battery Applications4,8 • Non-HF Purification Process to produce Coated, Spherical, Purified, Graphite (CSPG) products at 99.99% Fixed Carbon content confirmed. • Very high conversion – 72% of concentrate upgraded into Spher
Slide 12: Australian Projects
Australian Projects Manindi Project 10,11 Murchison region of Western Australia • Zinc – Copper – Silver Project with JORC 2012 Mineral Resource 12 • High-Grade Titanium-Vanadium–Iron discovery • Successful Metallurgical test work confirmed two commercial grade products in VTM project • Multiple add
Slide 13: Manindi – Titanium-Vanadium-Iron Project
Manindi – Titanium-Vanadium-Iron Project Project Overview 10,11,17 Five Look a like Targets spanning approximately 6km in combined length Discovery made in Target 1 – High grade Titanium-Vanadium-Magnetite Drill program confirmed high grade mineralization in 14 of 15 holes tested Target 2 tested and
Slide 14: Manindi – Titanium-Vanadium-Iron Project
Manindi – Titanium-Vanadium-Iron Project Target 1 Figure 10. Drill Hole Collar positions on Target 1 & 2 Section A-A Figure 11. Section A-A Section B-B Figure 12. Section B-B • 13 of 14 Reverse Circulation Holes Intersected thick – • Represents mid point of strike length • Represents Southern end of
Slide 15: Metals Australia Project Pipeline Summary
Metals Australia Project Pipeline Summary Opportunity Explore Discovery Resource Study Development Opportunity Greenfield Maturing Target Discovery Prefeasibility Generation Exploration Scoping Study Study Generation conversion • Tenement • Warrego – • Corvette • Manindi VTM • Lac Carheil • La
Slide 16: Why Invest in Metals Australia?
Why Invest in Metals Australia? High-quality Project and Exploration Portfolio in Low-Risk Jurisdictions - Canada & Australia represent two of the lowest sovereign risk countries globally for mining project development. Diversity of Minerals - Critical, Precious and Base Metals. - Graphite & Gold in
Slide 17: BACKUP
ASX:MLS BACKUP PROJECTS Canada Corvette River Project Overview Corvette River – West & East Eade Gold Prospects Australia Manindi VTM – Significant high-grade intervals Manindi – Zinc-Copper-Silver Project Warrego East Project QUEBEC – SUPPORTIVE BATTERY MATERIALS HUB REFERENCE LIST
Slide 18: Corvette River Project Overview
Corvette River Project Overview Project Overview: Multiple Prospect areas in the James Bay region of Quebec. Multiple mineralised corridors outlined for Gold, Silver and Base Metals. Recent Achievements 14 2024 Field program tested 3 separate project areas with historical recordings for gold, silv
Slide 19: Corvette River – West & East Eade Gold
Corvette River – West & East Eade Gold Figure 15 - Corvette River Project Phase - East Eade Gold Prospect Figure 14 - Corvette River Project Phase - West Eade Gold Prospect West Eade prospect included gold results to 4.42 g/t – with historical East Eade - Results of up to 0.83 g/t gold over a gold c
Slide 20: Manindi – High Grade VTM Project
Manindi – High Grade VTM Project Thickness Depth From V2O5 TiO2 Fe Hole ID Interval m m (%) (%) (%) MWRC001 8 68 0.26 11.6 21.6 8m @ 0.26% V2O5, 11.6% TiO2, 21.6% Fe from 68m MWRC001 12 102 0.19 9.4 18.7 12m @ 0.19% V2O5, 9.4% TiO2, 18.7% Fe from 102m MWRC001 12 124 0.39 15.7 32.0 12m @ 0.39% V2O5,
Slide 21: Manindi - Zinc-Copper-Silver Project
Manindi - Zinc-Copper-Silver Project Project Overview: Zinc – Copper - Silver project with existing Mineral Resource12: 1.08 Mt at 6.52% Zn, 0.26% Cu, 3.19 grams per tonne Ag Significance: • Highly prospective magnetic trends support field exploration program to assess sulphides extensions in all di
Slide 22: Warrego East Project
Warrego East Project Project Overview: Largely Greenfields exploration project prospective for Copper-Gold & Bismuth Regional interest on the rise with Pan African Resources transaction of neighboring TCMG Pty Ltd (~82 M AUD)15 Achievements & Plans16: Geophysics – Completed review and reprocessing
Slide 23: Quebec - A Supportive Battery Materials Hub
Quebec - A Supportive Battery Materials Hub Quebec provides strong government support and incentives for both upstream and downstream battery companies, creating an ideal environment for project development and downstream partnerships Lowest electricity rates in North America Strategic location with
Slide 24: References - ASX
References - ASX There is no new information in this document pertaining to ‘Exploration Results, Mineral Resources and Ore Reserves’. All information presented here on these topics has been previously disclosed and the references for the previous or original disclosures are noted where included and
Slide 25: References – Report Links
References – Report Links A. Park, J., Cho, S.-J., Shin, S., Kim, R., Shin, D. and Shin, Y. (2025). Overview of graphite supply chain and its challenges. Geosciences Journal. doi:https://doi.org/10.1007/s12303-025-00027-2. B. Critical Minerals Outlook 2025_International Energy Agency C. Investisseme
Slide 26: Contact Us
ASX:MLS Contact Us E: info@metalsaustralia.com.au P: +61 8 9481 7833 Level 1, 8 Parliament Place West Perth, Western Australia 6005 metalsaustralia.com.au
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