Slide 1: Exciting REE exposure, High Impact Critical Minerals
For personal use only Exciting REE exposure Tight Capital Structure Highly leveraged to exploration success High Impact Critical Minerals ASX l CDR Exploration | Tier-1 jurisdictions IMARC, October 2023 www.codrusminerals.com.au
Slide 2: Important Information and Disclaimer
Important Information and Disclaimer This presentation has been prepared by Codrus Minerals Ltd (Codrus or the Company) and contains information about Codrus current at the date of this presentation. The presentation is in summary form, has not been For personal use only independently verified and d
Slide 3: Karloning REE: A Fresh Opportunity
Karloning REE A Fresh Opportunity Located near Mukinbudin in the WA wheatbelt For personal use only Codrus’ land position at Karloning REE Project in WA covers 246km2 of highly prospective tenure Clay REE mineralisation - low cost, near surface, simple extraction Good infrastructure: E70/563
Slide 4: Unlocking Value
Karloning REE Project Unlocking Value 13-hole, 1,906 Reverse Circulation (RC) program, completed April 2023 For personal use only Enriched clay-hosted REE’s returned in all holes that intersected the clay zone: o 11m grading 2,825ppm TREYO from 9m, including 2m grading 6,883ppm TREYO from 13m (K
Slide 5: Clay Hosted REE's
Karloning REE Project Clay Hosted REE’s For personal use only 602,500 mE 605,000 mE 607,500 mE A A’ C 6,610,000 mN C‘ RC & AC Drilling RC drill holes AC drill holes A cross section line B 28m @ A‘ 16m @ 6,607,500 mN 1,191ppm 1,656ppm TREYO 4m @ 1,063ppm from 8m TREYO B‘ TREYO 24m @ 1,503ppm from 12m
Slide 6: Multiple zones of high-grade mineralisation
Karloning REE Project Multiple zones of high-grade mineralisation 602,500 mE 605,000 mE 607,500 mE 6,610,000 mN AC program comprising 80 holes for 1,308m completed in August 2023 For personal use only Drilled to a depth of up to 54m in places with an average hole depth of 16m RC & AC Drilling RC
Slide 7: Widespread Clay Hosted REE mineralisation
Karloning REE Project Widespread Clay Hosted REE mineralisation Hole KGAC054 intersected exceptional mineralisation through the clays and into the saprock material, returning a For personal use only standout intercept of 29m @ 5,915ppm TREYO from 12m, including 4m grading 12,366ppm (1.23%) from 24
Slide 8: Key Drivers
Karloning REE Project Key Drivers Well mineralised fresh granite basement (~450-900ppm TREYO) Weathering to develop thicker clay zones For personal use only Enriched REE clay mineralised horizons ASX: ASX:CDR CDR www.codrusminerals.com.au www.codrusminerals.com.au 88
Slide 9: Key Take Aways
Karloning REE Project Key Take Aways High grade, contiguous mineralised clay zones MREO - Nd, Pr, Dy, Tb ~21% For personal use only Clay mineralisation developed from weathering of uniformly mineralised granite Plenty of opportunity to develop scale in current landholding +240km2 First RC
Slide 10: Gold Exploration Portfolio
Gold Exploration Portfolio Australia & USA Middle Creek Gold Project ~185km north of Newman and 10km east of small town of Nullagine in the East Pilbara For personal use only mining district of Western Australia, exploration licenses covering 37km2 The region is currently undergoing a significan
Slide 11: Work Program
Work Program Critical Minerals Work Program Q3 2023 Q4 2023 Q1 2024 Q2 2024 Karloning For personal use only Soils, Magnetic, Radiometrics COMPLETE Maiden RC Drilling COMPLETE Phase 2 AC Drilling COMPLETE Geophysics over +240km2 Evaluation of new projects Phase 3 AC Drilling Gold Work Program Q3 2023
Slide 12: Corporate Snapshot
Corporate Company ASX Code CDR Snapshot Shares on Issue 87.3m Listed Options | CDRO at $0.125 39.0m Options / Performance Rights (1,2) 19.1m Share Price (3) $0.057 Shannan Bamforth, Managing Director Market Capitalisation (A$) A$5.0m For personal use only Geologist +20 years’ experience Cash | 30
Slide 13: Key Investor Takeaways
Key Investor Takeaways RGB For personal use only Exciting project in the Well developed gold projects in carbonisation and critical minerals Tier-1 exploration locations space Central to many clean energy Aggressive exploration work applications including EV’s and program planned for 2023/24 wind tu
Slide 14: For personal use only
For personal use only ASX | CDR Suite 2, Level 2, 16 Altona Street, West Perth, WA, 6005 +61 8 6424 9017 +61 8 6500 9982 www.codrusminerals.com.au
Slide 15: Competent Person's Statement
Competent Person’s Statement Competent Persons Statement The information in this report that relates to Exploration Results and Exploration Targets is based on information compiled by Mr. Shannan Bamforth who is a Member of the Australasian Institute of Mining and Metallurgy. Mr. Bamforth is a perma