Slide 1: Advancing Gold & Critical Mineral Prospects
Advancing Gold & Critical Mineral Prospects ASX: ENT Exploration Update 6 August 2025 www.enterprisemetals.com.au
Slide 2: Disclaimer and Compliance
Disclaimer and Compliance Disclaimer This document has been prepared by Enterprise Metals Limited (the “Company”). It should not be considered as an invitation or offer to subscribe for or purchase any securities in the Company or as an inducement to make an invitation or offer with respect to those
Slide 3: Company Highlights
Company Highlights Advancing highly prospective gold and other tenements in a Tier 1 mining jurisdictions Exposure to the Murchison Trend via Doolgunna and Murchison gold projects, one of WA’s leading gold provinces Encouraging drill results from Mandilla, located between Coolgardie and Norseman, ne
Slide 4: Murchison Gold Projects – Recent large discoveries throughout the Murchison Gold Province
Murchison Gold Projects – Recent large discoveries throughout the Murchison Gold Province • Murchison Gold Province – extends 400km from Plutonic in the north to Mt Magnet in the south • Meekatharra, located between ENT's projects, offers plentiful access to staff, facilities and infrastructure • Nu
Slide 5: Murchison Province Gold Projects – Doolgunna
Murchison Province Gold Projects – Doolgunna Vulcan Gold Prospect • Project 100% owned by ENT – previous JV with Sandfire Resources focused on VMS, with no follow-up of the many significant gold intersections • Vulcan Gold Prospect: • +1km strike defined, with previous intersections including: • 11m
Slide 6: Murchison Province Gold Projects – Doolgunna
Murchison Province Gold Projects – Doolgunna • Goodin Fault Gold Prospect Goodin Fault Gold Prospect • 9km strike defined, with previous intersections including: • 5m @ 1.77 g/t • 2m @ 16.48 g/t • Heritage survey completed over 10 AC drillholes following up previous intersections, awaiting report •
Slide 7: Murchison Province – Murchison REE and Gold
Murchison Province – Murchison REE and Gold Magnetic Image with potential Intrusives • Magnetic imaging has identified major structures that trend into ENT’s tenements, providing conceptual Au corridors including those hosting the historical Cuddingwarra mine • Potential for Ionic clay-hosted rare e
Slide 8: Mandilla Gold Project – E15/1437, Prospectivity Overview
Mandilla Gold Project – E15/1437, Prospectivity Overview • The 23.26 kg “Ausrox” gold nugget was discovered in 2010 by a prospector within the area now covered by the ENT Tenement* • Mandilla Gold Soil Anomaly identified – on eastern flank of Mandilla Syenite, 1,500m east of Astral’s 1.4Moz Mandilla
Slide 9: Eneabba East - Titanium & Heavy Minerals Prospect being progressed
Eneabba East - Titanium & Heavy Minerals Prospect being progressed Coorow Prospect – E70/5999 Option to acquire 70% Coorow Ti Prospect south along strike of Empire Metals’ giant Pitfield discovery: • Detailed magnetic/radiometric survey completed by ENT in 2024 identified a potential extension of th
Slide 10: Focused Capital Deployment targeted across all projects during 2025
Focused Capital Deployment targeted across all projects during 2025 – potential for re-rating in the near-term APR TASK JUN MAY JUL AUG SEP OCT NOV DEC + potential REE mineralisation + AC drill Testing for REE minerals Enterprise Metals Ltd | www.enterprisemetals.com.au 10
Slide 11: Experienced Board significantly invested in ENT and backed by shareholders with access to capital
Experienced Board significantly invested in ENT and backed by shareholders with access to capital Graeme Smith Dermot Ryan Steve Hart Non-Executive Chairman & CoSec Non-executive Director Non-executive Director • Mr Smith is a corporate governance and finance • Mr Ryan is a highly experienced mining
Slide 12: For further information contact
For further information contact Dermot Ryan Director Email: dermotr@enterprisemetals.com.au Address: Suite 4, Level 1, 7 Ventnor Ave, West Perth Tel: +61 8 6381 0392 ASX: ENT | www.enterprisemetals.com.au www.enterprisemetals.com.au
Slide 13: Appendix A Significant Contributions to Relevant Geological Discoveries by Board Members
Appendix A Significant Contributions to Relevant Geological Discoveries by Board Members Enterprise Metals Ltd | www.enterprisemetals.com.au 13
Slide 14: Board Members' Contributions to Australian Mineral Discoveries
Board Members' Contributions to Australian Mineral Discoveries Deposits Dermot Ryan Has Contributed To Deposits Steve Hart Has Contributed To • Fraser Range (Nova precursor) – massive Ni- • Bowden Gift – 275 Moz AgEq, NSW • Pitfield Titanium Project – Ti, WA (2021-now) Cu sulphide target, WA (2002–2
Slide 15: Appendix B Advancing Exploration on Murchison Province Projects
Appendix B Advancing Exploration on Murchison Province Projects Enterprise Metals Ltd | www.enterprisemetals.com.au 15
Slide 16: Doolgunna Project – Vulcan Prospect: Planned Drilling
Doolgunna Project – Vulcan Prospect: Planned Drilling ENT’s Discovery: Vulcan Gold Prospect Vulcan Gold Prospect – Cross Section • Discovery of gold nuggets led to vertical aircore drilling in the oxide zone and angled aircore drilling • 6 RC holes (VCR001-006) were drilled, and VCR003 intersected a
Slide 17: Doolgunna Project – Vulcan Prospect Proposed Holes
Doolgunna Project – Vulcan Prospect Proposed Holes Vulcan - Proposed 12 RC Holes Name Easting Northing Dip Azimuth Depth DRC001 727653 7161739 -60 322 200 DRC002 727628 7161773 -60 322 150 DRC003 727604 7161788 -55 330 140 DRC004 727561 7161790 -50 0 110 DRC005 727539 7161772 -60 315 80 DRC006 72748
Slide 18: Doolgunna Project – Goodin Fault: Planned Drilling
Doolgunna Project – Goodin Fault: Planned Drilling ENT’s Discovery: Goodin Fault Prospect Vulcan Gold Prospect – Cross Section • Historic vertical drilling intersected narrow zones of high-grade gold without follow-up to define geometry • New AC drilling planned to test for orientation and extent of
Slide 19: Murchison Project – E20/944 Airborne EM Identifies Potential for REE Clay Mineralisation
Murchison Project – E20/944 Airborne EM Identifies Potential for REE Clay Mineralisation Airborne EM Anomaly Identifies clay sequence Satellite Imagery Shows E20/944 Access and Proximity to VTM Bulk Sample Area E20/944 E20/944 Deep clay – drill focus Enterprise Metals Ltd | www.enterprisemetals.com.
Slide 20: Murchison Project – E20/944 Advancing Exploration
Murchison Project – E20/944 Advancing Exploration Planned AC Drillholes Over 1VD with Georeferenced VTM Program of Work (PoW) approved by DEMIRS 6,973,900mN Cross Section • AC drilling planned on existing tracks and fences for Au & REE – expected to commence in August/September 2025 • 2 Drill Lines
Slide 21: Murchison Project – E20/912, 913 Cu-Zn Prospectivity
Murchison Project – E20/912, 913 Cu-Zn Prospectivity ENT's Helicopter Electro-Magnetic Anomalies over Cu/Zn Anomalies • AEM Anomalies associated with historic Cu/Zn soil results and 1970’s drill holes ENT E20/912 • High-grade Zn, Pb & Cu drill assays in AM14 Anomaly ENT E20/913 E20/913 • 4 AEM condu
Slide 22: Murchison Project – E20/912,913 MLEM Data Identified Massive Sulphides
Murchison Project – E20/912,913 MLEM Data Identified Massive Sulphides Processing of MLEM Data on AM14 Prospect • A large and highly conductive feature (7350 Sm, in purple) was identified in MLEM Lines 1 and 2, below historical 1970’s drilling which intersected high grade Zn-Cu massive sulphide mine
Slide 23: Appendix C Previous ENT ASX announcements referenced in this document
Appendix C Previous ENT ASX announcements referenced in this document. Enterprise Metals Ltd | www.enterprisemetals.com.au 23
Slide 24: References
References MURCHISON PROJECT MANDILLA PROJECT 2025.05.23 - Planned Drilling Program at Cuddingwarra North 2025.05.01 - Update on Mandilla Gold Project WA 2023.07.14 - Potential Extension of VHMS Mineralisation at Murchison WA 2024.09.30 - Mandilla Gold Project WA UltraFine Soil Sampling Results 2023