Narryer Metals Limited · ASX:NYM
Narryer Metals — Merger or Acquisition (September 2026)
26 slides from Narryer Metals's merger presentation, Sep 22, 2026
Slide 1: Redhill Copper Project Acquisition
rsonal use only Redhill Copper Project Acquisition High-grade copper and precious metals opportunity in Chile 22 September 2026
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by Narryer Metals Limited (Narryer or the Company) based on Competent Person Compliance Statement information available at the date of this Presentation. To the fullest extent permitted by law, Narryer and Mineral Resources its officers, employees, agen
Slide 3: Capital Structure
CAPITAL STRUCTURE SOLID FOUNDATION FOR GROWTH Shares on Issue1 Options2 Cash Balance3 Market Cap4 211M 12M $1.3M $13.7M rsonal use only SHARE PRICE & VOLUME (ASX:NYM) BOARD OF DIRECTORS 12-MONTH SHARE PRICE PERFORMANCE $0.080 12,000,000 Richard Bevan | Executive Chairman Volume A$ NYM Share Price Ex
Slide 4: Transaction Overview
TRANSACTION OVERVIEW1 ACQUISITION OF THE REDHILL COPPER PROJECT WITH STRATEGIC VENDOR SUPPORT 29Metals ACQUISITION UP-FRONT CONSIDERATION Subject to 12- STRATEGIC INVESTMENT (ASX:29M) to 100% Redhill Copper Project 20m Shares month escrow from issue A$1m invest at A$0.10/share rsonal use only KEY TE
Slide 5: Chile: World-Leading Mining Jurisdiction
CHILE WORLD-LEADING MINING JURISDICTION WITH A DEEP HISTORY OF COPPER MINING AND EXPLORATION 24% US$875M OF GLOBAL COPPER EXPLORATION PRODUCTION INVESTMENT IN 2025 rsonal use only Chile was the world’s largest copper Chile’s mining exploration budget producer in 2024, accounting for ~24% reached ~US
Slide 6: Redhill Copper Project: A High-Grade Growth Opportunity with Scale
REDHILL COPPER PROJECT A HIGH-GRADE GROWTH OPPORTUNITY WITH SCALE HISTORICAL HIGH-GRADE COPPER PRODUCTION IN A WORLD CLASS MINING JURISDICTION 4.3Mt1 @ 1.7% Cu, rsonal use only 0.3g/t Au,33g/t Ag STABLE PRO-MINING Existing Inferred Mineral Resource JURISDICTION 16-49Mt2 @1.2-2.6% Cu, CHILE WORLD-CLA
Slide 7: A Strategic Copper Position in Southern Chile
REDHILL COPPER PROJECT A STRATEGIC COPPER POSITION IN SOUTHERN CHILE A SIGNIFICANT LANDHOLDING IN A WORLD-CLASS COPPER PROVINCE • Located in the Magallanes Region in rsonal use only southern Chile, a globally recognised mining jurisdiction • Cutters Cove is the most advanced project area, located ~1
Slide 8: Cutters Cove Location and Infrastructure
REDHILL COPPER PROJECT CUTTERS COVE LOCATION AND INFRASTRUCTURE NEAR-SHORE ACCESS, PROTECTED WATERS AND ESTABLISHED LOGISTICAL PATHWAYS KEY ADVANTAGES • Established logistics rsonal use only Barge access or by a 45-minute helicopter ride from Punta Arenas • Protected waters Cutter Cove sits near pro
Slide 9: Cutters Cove
REDHILL COPPER PROJECT CUTTERS COVE THE MOST ADVANCED AREA WITHIN A BROADER TENEMENT PACKAGE A HIGH-GRADE COPPER SYSTEM WITH SIGNIFICANT DISTRICT-SCALE POTENTIAL • Historic high-grade copper production Cutters Cove produced 212kt of ore @ 1.72% Cu rsonal use only • Existing Resource and Exploration
Slide 10: Drill Targets Identified
REDHILL COPPER PROJECT DRILL TARGETS IDENTIFIED GEOCHEM AND SHALLOW HOLE DIAMOND DRILLING RESULTS IDENTIFY VEIN EXTENSIONS TO THE CURRENT RESOURCE, SUPPORTING THE EXPLORATION TARGET1,2 ANGELICA – GORDA - CUTTERS CUTTERS - INGLESES rsonal use only Multiple drill targets Significant vein extensions id
Slide 11: Existing High-Grade Mineral Resource
EXISTING HIGH-GRADE MINERAL RESOURCE 4.3Mt AT 1.7% Cu, 0.3g/t Au AND 33g/t Ag Cutters Cove Project Inferred Mineral Resources1,2 rsonal use only Grade Contained Metal Tonnes Cu Au Ag Cu Au Ag Deposit Category Mt % g/t g/t t oz koz Cristina Inferred 1.3 2.3 0.3 41 29,601 10,481 1,719 Angelica Inferre
Slide 12: Existing Exploration Target
EXISTING EXPLORATION TARGET1 Tonnage Range Grade Min to Max ranges Contained Metal Ranges rsonal use only Style Mt Cu % Au g/t Ag g/t CuEq % Cu tonnes Au Oz Ag koz Extensions 15 to 23 1.2 to 1.8 0.5 to 0.6 34 to 49 1.8 to 2.5 171,800 to 405,000 221,400 to 479,300 16,000 to 35,900 New Veins 1 to 19 1
Slide 13: Upcoming Field Program
REDHILL COPPER PROJECT UPCOMING FIELD PROGRAM JANUARY – MAY 2027 Structural mapping and review opportunities across the Project rsonal use only Short-hole drilling to define new targets at Ingleses and Franceses Progress regulatory approvals for future resource drilling Review historical mining and
Slide 14: Appendices
APPENDICES rsonal use only ASX:NYM 14
Slide 15: Exploration History and Recent Fieldwork
EXPLORATION HISTORY AND RECENT FIELDWORK LIMITED MODERN EXPLORATION DRILLING - SHALLOW INTERSECTIONS AND IMMEDIATE FOLLOW-UP OPPORTUNITIES KEY MILESTONES KEY TAKEAWAYS 1970–75 212kt of ore produced @ 1.72% Cu Proven high-grade system 1 rsonal use only 1991–93 Regional sampling identified 48 priority
Slide 16: Exploration Target
EXPLORATION TARGET THREE COMPONENTS: VEIN EXTENSIONS, NEW VEINS & SEDIMENTARY-CONTACT TARGETS rsonal use only ASX:NYM 16
Slide 17: Upcoming Work Program – Initial Drilling
UPCOMING WORK PROGRAM – INITIAL DRILLING PREPARING APPROVALS, REFINING TARGETS & READYING THE FIELD PROGRAM rsonal use only ASX:NYM 17
Slide 18: Red Hill Geology
RED HILL GEOLOGY1 PROSPECTIVE, UNDER-EXPLORED GEOLOGY KEY GEOLOGICAL POINTS REGIONAL GEOLOGICAL SETTING • Modern Andean Setting rsonal use only Mineralisation at Redhill Project is strongly controlled by modern Andean Geology • Rocas Verdes Belt Project occurs in the central part of the Rocas Verdes
Slide 19: Cutters Cove Mineralisation
CUTTERS COVE MINERALISATION TWO MINERALISATION STYLES SUPPORT MULTIPLE RESOURCE GROWTH PATHWAYS Mesothermal veins1 • Quartz-chalcopyrite shear-hosted veins in Palaeozoic rsonal use only deformed shale basement rocks, 1 to 5m thick. • Historical production areas show high-grade copper and silver-gold
Slide 20: Cutters Mine – Mesothermal Style Veins
CUTTERS MINE – MESOTHERMAL STYLE VEINS1,2 HIGH-GRADE, OPEN AND AN IMMEDIATE RESOURCE GROWTH TARGET Zone of ZDD013 matched underground 1970s 5% Cu grade ~400m strike of known mineralisation Current Cutters veins extend ~400m strike in the Resource rsonal use only High-grade system High-grade (>1% Cu)
Slide 21: Cristina and Gorda - Mesothermal Style Veins
CRISTINA AND GORDA - MESOTHERMAL STYLE VEINS1,2 HIGH-GRADE, OPEN AND AN IMMEDIATE RESOURCE GROWTH TARGET • Christina vein set extends over 1km in strike and follow several old workings • High-grade (>1% Cu), with 1970s production mining discrete zones >5% Cu2 • Gorda vein set runs parallel to Cristi
Slide 22: Cristina and Gorda - Mesothermal Style Veins
CRISTINA AND GORDA - MESOTHERMAL STYLE VEINS HIGH-GRADE, OPEN AND AN IMMEDIATE RESOURCE GROWTH TARGET rsonal use only Detail of half HQ sample 567 (25.33-26.33m drillhole ZDD004) 2.32 ppm Au, 148 ppm Ag, 1.44 % Cu 4.34 % Pb. This Crack-seal veining from the Gorda Vein, (25.31 m depth. sample had a h
Slide 23: Franceses Mineralisation – Sedimentary Contact
FRANCESES MINERALISATION – SEDIMENTARY CONTACT1,2 LARGE, SHALLOW SYSTEM WITH THICK ZONES OF COPPER-SILVER MINERALISATION FRANCESES CU PROSPECT – GEOLOGY AND MINERALISATION • Discovered by Redhill Mining Discovered by Redhill Mining from outcrop mapping, this area was never mined rsonal use only • Se
Slide 24: Franceses Mineralisation – Sedimentary Contact
FRANCESES MINERALISATION – SEDIMENTARY CONTACT1,2 • Widest intercepts from 2016 drilling Franceses Cross Section Franceses drilling campaign in 2016 produced the widest +1% Cu intercepts in the history of the project rsonal use only • Mineralisation remains open All intercepts remain open and highli
Slide 25: Copper – Structural Demand Meets Constrained Supply
COPPER – STRUCTURAL DEMAND MEETS CONSTRAINED SUPPLY A TIGHTENING MARKET SUPPORTED BY ELECTRIFICATION, GRID INVESTMENT AND LIMITED NEW MINE SUPPLY DEMAND Copper demand continues to grow rsonal use only • Electrification and global energy transition driving long-term copper consumption • Significant e
Slide 26: Thank You – Narryer Metals
A CLEANER, BRIGHTER FUTURE A ¥ a’ | THANK YOU NARRYER METALS Advancing high-grade copper opportunities in a world-class jurisdiction ASX: EXPLORATION TODAY A STRONGER TOMORROW. ==EOR A BRIGHTER ((FOMORROW ( PEOPLE. PLANET. PROGRESS ao e Ax PERTH WA 6005 a NARRYER METALS LIMITED VISIT OUR WEBSITE sea
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