Oceana Metals Limited · ASX:OCN
Oceana Metals — Investor Presentation (October 2026)
16 slides from Oceana Metals's investor presentation, Oct 28, 2026
Slide 1: Unlocking a World-Class Rare Earth Opportunity in Brazil
rsonal use only Unlocking a World-Class Rare Earth Opportunity in Brazil Corporate Presentation October 2026 1
Slide 2: Important Information and Disclaimers
IMPORTANT INFORMATION AND DISCLAIMERS The following notice and disclaimers applies to this investor presentation (“Presentation”) and investors are advised to read this carefully before reading or making any other use of this Presentation. This Presentation is dated 28 October 2026 and has been prep
Slide 3: Oceana Metals Investment Highlights
OCEANA METALS INVESTMENT HIGHLIGHTS rsonal use only A DISTRICT-SCALE SYSTEM WITH CONFIRMED HIGH-GRADE MINERALISATION * 10 km 4.7% TREO 20,000 m 100% OWNED FUNDED + EXECUTING DISTRICT-SCALE HIGH-GRADE MINERALISATION INITIAL RESOURCE-FOCUSED ACQUISITION COMPLETED EXPERIENCED AUSTRALIAN- CARBONATITE CO
Slide 4: Oceana Metals Corporate Snapshot
OCEANA METALS CORPORATE SNAPSHOT 250.9M A$71.5 M ~A$16.5M NIL rsonal use only S H A R ES O N I S S UE 1 M A R K E T C A P I T AL I SAT IO N 2 CASH IN BANK3 DEBT RICHARDSON STREET BACKING 0.8 Access to a team that has built, financed and OCN SHARE PRICE grown successful ASX resource companies. MAJOR
Slide 5: Rare Earths: A Global Supply Chain Reset
RARE EARTHS A GLOBAL SUPPLY CHAIN RESET Strategic demand is growing, while the world remains heavily dependent on one supply chain. CHINA’S DOMINANCE +50% rsonal use only PROJECTED GROWTH IN MAGNET-REE DEMAND OUTSIDE CHINA BY 2035 EVs • WIND • INDUSTRIAL MOTORS • ROBOTICS • DEFENCE • DATA CENTRES 91
Slide 6: Brazil | Minas Gerais
BRAZIL | MINAS GERAIS GEOLOGICAL POTENTIAL MEETS ESTABLISHED MINING CAPABILITY 01 REE ENDOWMENT rsonal use only Major rare-earth potential in a globally recognised MINAS GERAIS carbonatite province 02 MINING ECOSYSTEM Established industry, skilled workforce and experienced local suppliers SERRA NEGR
Slide 7: Serra Negra: A Giant Carbonatite System
SERRA NEGRA A GIANT CARBONATITE SYSTEM WHAT WE KNEW rsonal use only SERRA NEGRA SERRA NEGRA Salitre ~10 km diameter ~10 km 1 Largest known carbonatite complex in the APIP LEAST STUDIED Held privately for decades OTHER COMMODITIES Historic work targeted phosphate and titanium 10 km St George REE OPPO
Slide 8: Historic Core Expanded the REE Opportunity
HISTORIC CORE EXPANDED THE REE OPPORTUNITY The central target grew by >30%, while re-assaying identified a separate mineralised zone to the north. BEFORE RE-ASSAYING AFTER RE-ASSAYING rsonal use only N N New Northern REE Zone OA167- 106m @ 1% TREO at EOH Incl 5m @ 2.3 % TREO + 28m @ 0.5% Nb2O5 L179-
Slide 9: Re-assaying Turned Potential into Evidence
RE-ASSAYING TURNED POTENTIAL INTO EVIDENCE Historic drilling revealed broad, high-grade REE mineralisation NORTH SOUTH A A’ rsonal use only LG28 LG26 LG42 LG32 CAPROCK 26m missing core – not available for re-assay >900 m continuity High Grade Internal Zone REE HIGH-GRADE MINERALISATION internal zone
Slide 10: From Acquisition to Resource-Focused Drilling
FROM ACQUISITION TO RESOURCE-FOCUSED DRILLING Fast, integrated execution focused on building a significant central resource base CENTRAL ZONE ACQUISITION RE-ASSAY MAP THE SYSTEM MOBILISE DRILL RESOURCE INITIAL RESOURCE FOCUS rsonal use only Secure Serra Negra ~8,000 m historic core Geology + geophys
Slide 11: Value Creation Pathway
VALUE CREATION PATHWAY Each milestone de-risks Serra Negra and moves it up the value curve OUTCOME STARTING POINT — TODAY’S EVIDENCE A globally significant REE ~10 km system • High-grade intervals • Broad mineralised widths • Multiple zones • 18–25% NdPr resource rsonal use only THEN NOW NEXT Resour
Slide 12: Experienced Board and Corporate Backing
EXPERIENCED BOARD AND CORPORATE BACKING Capital-markets experience, resource-sector leadership and strong governance BOARD CORPORATE BACKING rsonal use only Mick Wilson Russell Curtin Hamish Halliday Steve Parsons Michael Naylor Managing Director Non-Executive Chair Non-Executive Director Corporate
Slide 13: Technical Leadership and Brazilian Execution
TECHNICAL LEADERSHIP AND BRAZILIAN EXECUTION Local capability across exploration, permitting, stakeholder engagement and project delivery SENIOR MANAGEMENT BRAZIL-BASED EXECUTION TEAM rsonal use only Natalia Brunacci Gareth Reynolds Chief Geologist Business Development Manager Oceana’s in-country te
Slide 14: Field Activities – Core Shed Setup and Drilling Underway
Field Activities – Core Shed Setup and Drilling Underway rsonal use only oceanametals.com 14
Slide 15: Why Oceana Now
WHY OCEANA NOW Scale, grade and funding in place — with steady news flow ahead SCALE GRADE FUNDED VALUE rsonal use only ~10 km 4.0–4.7% ~A$16.5M A$72M Largest carbonatite complex in the TREO high-grade zones¹ within broad Cash2, no debt. 20,000 m, 4-rig Market cap3 Alto Paraníba province intercepts,
Slide 16: Oceana Metals Limited contact details
rsonal use only Oceana Metals Limited T: +61 8 6370 3139 E: info@oceanametals.com Principal and Registered Office L2/8 Richardson Street W: www.oceanametals.com West Perth WA 6005 Australia ACN 654 593 290