Greenwing Resources Ltd · ASX:GW1
Greenwing Resources — Investor Presentation (March 2026)
26 slides from Greenwing Resources's investor presentation, Mar 3, 2026
Slide 1: Investor Presentation – Equity Raising March 2026
Investor Presentation Equity Raising – March 2026 GREENWING RESOURCES ASX:GW1 WWW.GREENWINGRESOURCES.COM 1
Slide 2: Disclaimer
DISCLAIMER DISCLAIMER This document has been prepared by Greenwing Resources Ltd ABN 31109933995 (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: Disclaimer – Competent Person Statement
DISCLAIMER COMPETENT PERSON STATEMENT The information in this document that relates to Exploration Results, Exploration Targets and Mineral Resources in relation to the Madagascan Projects is based on information previously released to ASX, particularly noting the information relating to the Graphit
Slide 4: Greenwing Resources: Positioning for a Transformational 2026
GREENWING RESOURCES: POSITIONING FOR A TRANSFORMARTIONAL 2026 • Greenwing hosts an advanced portfolio offering meaningful exposure to critical minerals with a focus on Lithium and Graphite. • Over the course of 2026 Greenwing is seeking to progress its Critical Minerals Business with the completion
Slide 5: Greenwing Resources: Critical Minerals
Green River Resources Greenwing Resources: Critical Minerals • An exciting pathway emerging at Que River with the company Executive Team with considerable Critical Minerals experience intending to separate the asset from the Critical Minerals Business. Que River progressing strategy to realise value
Slide 6: Greenwing Resources: 2026 Targeting a Transformative Year
GREENWING RESOURCES: 2026 Targeting a transformative year STRATEGIC REVIEW OF ASSETS • Three advanced assets with defined Mineral Resources(1)(2)(3) across lithium and graphite along with Que River Polymetallic. • Current compressed A$20m market cap vs previous > A$100m market capitalisation. • With
Slide 7: Greenwing Resources Board & Management
GREENWING RESOURCES BOARD & MANAGEMENT A HIGHLY CREDENTIALED TEAM WITH SIGNIFICANT CRITICAL MINERALS EXPERIENCE JAMES BROWN PETER WRIGHT CHRIS GODFREY Non-Executive Chairman Managing Director Chief Operating Officer 35 years of global mining experience and Over 30 years of practical mining leadershi
Slide 8: Greenwing Resources Critical Minerals 2026
GREENWING RESOURCES CRITICAL MINERALS 2026 • Greenwing is encouraged by the emerging consensus that the lithium market is moving back toward structural deficits and improved concentrate pricing • United States and Argentina sign reciprocal trade agreement and critical minerals agreement with a view
Slide 9: San Jorge Lithium Project Argentina
SAN JORGE LITHIUM PROJECT ARGENTINA GREENWING RESOURCES ASX:GW1 WWW.GREENWINGRESOURCES.COM 9
Slide 10: San Jorge Lithium Project Argentina
SAN JORGE LITHIUM PROJECT ARGENTINA • 100% ownership of 15 granted exploration licences covering the entire salar (approx. 2,800 hectares) and an additional 36,000 hectares(4) • Initial resource established (see next slide).Compelling initial direct lithium extraction (DLE) results achieved(9) • Sub
Slide 11: San Jorge Lithium Project Maiden Mineral Resource
SAN JORGE LITHIUM PROJECT MAIDEN MINERAL RESOURCE • Maiden Mineral Resource Estimate(1) 1.07Mt of Lithium Carbonate Equivalent (LCE) - 670,000t Indicated (62.7% of resource) 400,000t Inferred • Material discovery from initial 6-hole program - most prospective areas of salar are yet to be drilled, le
Slide 12: San Jorge Lithium Project: Strategic Partner Appointed
SAN JORGE LITHIUM PROJECT: STRATEGIC PARTNER APPOINTED Greenwing has appointed Zelandez Limited, a globally recognised lithium brine services company, to assist in the development of the San Jorge Project in Argentina’s Lithium Triangle(14). Zelandez to support delivery of: ◦ Initial scoping study ◦
Slide 13: Graphmada Graphite Madagascar
GRAPHMADA GRAPHITE MADAGASCAR GREENWING RESOURCES ASX:GW1 WWW.GREENWINGRESOURCES.COM 13
Slide 14: Graphmada Graphite Mining Complex
GRAPHMADA GRAPHITE MINING COMPLEX Graphite Resource with successful production history and expansion potential • Graphite, a critical mineral for lithium-ion batteries, holds “critical status” from the EU, USA, and Japan. • China currently dominates global graphite supply and has threatened supply d
Slide 15: Graphmada Graphite Mining Complex: Established & Growing Resource
GRAPHMADA GRAPHITE MINING COMPLEX: ESTABLISHED & GROWING RESOURCE Extensive mineralisation from Lohorano in the north to Ambatofafana in the south, with Mineral Resource of 61.9Mt at 4.5% FC, total contained graphite of over 2.7 Mt(2) CONTAINED TONNES (MT) FC% GRAPHITE (KT) Measured 18.7 4.9 911 Ind
Slide 16: Green River Resources Que River, Tasmania
GREEN RIVER RESOURCES QUE RIVER, TASMANIA GREENWING RESOURCES ASX:GW1 WWW.GREENWINGRESOURCES.COM 16
Slide 17: Que River: Updated Strategy & Value Realisation Pathway
QUE RIVER: UPDATED STRATEGY & VALUE REALISATION PATHWAY Greenwing has progressed an updated strategy for the Que River Project, with the intention to separate the asset from its critical minerals business with the objective to realise shareholder value and accelerate development of Que River as a st
Slide 18: Que River: Strategic Objectives 2026
QUE RIVER: STRATEGIC OBJECTIVES 2026 • Identify and progress best pathway for separation of Que River asset from the Critical Minerals assets. • Further studies to further refine pit design Objectives and economics. • Conclude mining lease renewal process for 2026 • Refine economics on proposed thir
Slide 19: Que River Project, Tasmania
QUE RIVER PROJECT, TASMANIA • The Que River deposit is a high-grade polymetallic volcanic-hosted massive sulphide (VMS) deposit within the Mount Read Volcanics, home to major Tasmanian VMS mines like Hellyer and Rosebery. • Located adjacent to the operating Hellyer Mine with private haul road access
Slide 20: Que River Project, Tasmania Mineral Resource
QUE RIVER PROJECT, TASMANIA MINERAL RESOURCE SUMMARY MINERAL RESOURCE ESTIMATE(3) Zn Pb Cu Au Ag Density ZnEq kt Resource Location Classification % % % g/t g/t t/m3 % UG Indicated 1,618 2.9 1.4 0.34 0.77 47 3.30 9.0 underground Inferred 329 3.6 1.8 0.34 0.69 48 3.33 9.7 subtotal 1,947 3.0 1.4 0.34 0
Slide 21: Greenwing Resources Equity Raising
GREENWING RESOURCES EQUITY RAISING Offer structure and size An equity raising of up to $5.5m comprising: - A placement of up to $3.5m (tranche 1) - A conditional placement of up to $2m (tranche 2) - 1 free attaching option for each 4 shares subscribed for exercisable at $0.08 on or before 25 June 20
Slide 22: Greenwing Resources Equity Raising – Timetable and Capital Structure
GREENWING RESOURCES EQUITY RAISING Offer timetable Capital Structure Trading halt 27 February 2026 Shares on issue 377.8m Announcement of Equity Raising and 3 March 2026 Placement – tranche 1 84.3m lifting of trading halt Issue of placement shares – tranche 1 10 March 2026 Conditional Placement – tr
Slide 23: 2026: Strategic Development and Value Creation
GREENWING RESOURCES 2026: STRATEGIC DEVELOPMENT AND VALUE CREATION • The Company is encouraged by an improving outlook for critical minerals in 2026 and is well placed to capitalise on this with both San Jorge and Graphmada. • With the substantial progress made at Que River over 2025 with the tablin
Slide 24: References
REFERENCES (1) ASX ANNOUNCEMENT DATED 27 MAY 2024 ‘SAN JORGE LITHIUM BRINE PROJECT – MAIDEN MINERAL RESOURCE ESTIMATE’ (2) ASX ANNOUNCEMENT DATED 12 JULY 2022 - ‘212% INCREASE IN GRAPHITE RESOURCE AT GRAPHMADA MINING COMPLEX’. REPORTED IN ACCORDANCE WITH THE 2012 AUSTRALASIAN CODE FOR REPORTING OF E
Slide 25: Appendix 1 Que River Zinc Equivalent Calculations
APPENDIX 1 QUE RIVER ZINC EQUIVALENT CALCUATIONS The Mineral Resource outlined on slide 15 is reported at a 5% ZnEq cut-off where: ZnEq = Zn + 0.7 Pb +2.1 Cu +0.04 Ag + 3.3 Au Que River is predominantly considered a zinc-lead mine, however considerable value is associated with gold andsilver grades
Slide 26: Contact
CONTACT Peter Wright | Managing Director E. peter@greenwingresources.com M. 0404 945 189 Greenwing Resources Ltd ABN 31 109 933 995 www.greenwingresources.com ASX:GW1 GREENWING RESOURCES ASX:GW1 WWW.GREENWINGRESOURCES.COM 26
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