Metal Bank Ltd · ASX:MBK
Metal Bank — Investor Presentation (September 2025)
26 slides from Metal Bank's investor presentation, Sep 23, 2025
Slide 1: Executing WA Focussed Gold Strategy
EXECUTING WA FOCUSSED GOLD STRATEGY Fast-Tracking High-Quality Projects to Production
Slide 2: Important Notices and Disclaimer
Important Notices and Disclaimer Purpose of this document This presentation dated 23 September 2025 has been prepared by Metal Bank Limited ACN 127 297 170 (MBK) for use in relation to a capital raising using the information available to MBK at that time. Summary information By reviewing or retainin
Slide 3: Important Notices and Disclaimer
Important Notices and Disclaimer Forward looking information and Future Performance This Presentation contains “forward-looking statements”. Forward-looking statements can generally be identified by use of words such as “may”, “should”, “could”, “foresee”, “plan”, “aim”, “will”, “expect”, “intend”,
Slide 4: Snapshot
Corporate Overview – Experienced and Proven Leadership Team Ines Scotland Ms Scotland has worked in the mining industry for over 25 years for large scale gold and copper companies in Australia, Papua New Guinea, USA and the Middle Executive Chair East. This has included working for Rio Tinto compani
Slide 5: Executing WA Gold Strategy – Acquisition Summary
Executing WA Gold Strategy – Acquisition Summary Strategic Gold Acquisition Positions MBK for Near-Term Production MBK acquires Hastings Technology Metals (ASX: HAS) gold assets for shares* ▪ MBK has announced the acquisition from HAS of: ➢ The Whiteheads Gold Project near Kalgoorlie, active work pr
Slide 6: Corporate Overview – New Appointments to drive WA Gold Strategy
Corporate Overview – New Appointments to drive WA Gold Strategy Tim Gilbert Mr Gilbert is a mining engineer with more than three Charles Lew Mr Lew has more than 30 years of investment banking decades of experience in a range of senior roles in the Chief Executive Non-Executive experience, including
Slide 7: Investment Summary – The MBK Opportunity
Investment Summary – The MBK Opportunity Expanding, high quality WA Gold portfolio & Exposure to Copper + Critical Metals at the Millennium Project in Qld and in Saudi Arabia ▪ Terms agreed to acquire the gold assets of HAS, including the Whiteheads Project and the Ark and Darcy’s gold exploration p
Slide 8: Executing WA Gold Strategy – Pathway to Early Production & Resource Growth
Executing WA Gold Strategy – Pathway to Early Production & Resource Growth Livingstone Project: 140km NW of Meekatharra Livingstone is a large gold footprint we are continuing to grow the resources ▪ Scoping study underway for mining Homestead and Kingsley deposits at Livingstone ▪ Recent Upgrade to
Slide 9: MBK Capital Raising – Fast-track to production
MBK Capital Raising – Fast-track to production Entitlement Offer A pro-rata, non-renounceable Entitlement Offer to eligible shareholders raise up to $2.3m (before transaction costs) at the Offer Price of $0.014 The Offer is partially underwritten to a maximum of $1 million on a proportional basis by
Slide 10: MBK Combined WA Gold Portfolio
MBK Combined WA Gold Portfolio Livingstone Project (75% MBK) Gold resources in a prolific region ▪ Livingstone Gold Project 140km NW of Meekatharra, WA encompasses 395 km2 of the western arm of Bryah-Padbury Basin ▪ The Bryah-Padbury Basin is host to the Fortnum, Horseshoe and Peak Hill gold deposit
Slide 11: Livingstone Project, WA
Livingstone Project, WA Existing Resources, multiple prospects, potential for significant expansion March 2025 Resource Upgrade1 • 73% increase in Livingstone global gold resource to 2.81Mt @ 1.36g/t Au for 122.6koz Au • Kingsley – 139% increase in Au oz to 1.68Mt @ 1.35g/t Au for 73.0koz Au • Homes
Slide 12: Livingstone Project, WA
Livingstone Project, WA Existing Resources, multiple prospects, potential for significant expansion The new resource and modelling work has also identified numerous gold targets over more than 40km of strike length, with limited drill testing or which remain untested. These gold targets include: • L
Slide 13: HAS Acquisition – Whiteheads Project
HAS Acquisition – Whiteheads Project Drilling now to MRE, multiple prospects, potential for significant expansion ▪ 80km North of Kalgoorlie in world class minerals province ▪ Several operating processing plants within trucking distance for toll treatment ▪ 13 EL’s, 1 PL and 1ML covering 380km2 ▪ Ow
Slide 14: HAS Acquisition Projects – Three near term production targets
HAS Acquisition Projects – Three near term production targets Seven Leaders ▪ Most advanced prospect ▪ Outcrops at surface ▪ Structurally controlled mineralization drilled from near surface to approx. 100m below surface ▪ Drilled prior to GBR ownership1 and further drilling conducted by GBR in 20192
Slide 15: HAS Acquisition - Darcy’s and Ark Gold Tenements
HAS Acquisition - Darcy’s and Ark Gold Tenements Darcys Ark Darcys Gold Project is 16 km S-SW of the HAS Brockman Project site and is part of a highly enriched regional Ark Gold Project is 50 km SE from HAS’ Yangibana Project site and is part of a highly enriched regional geological gold setting and
Slide 16: Queensland Asset Portfolio
Queensland Asset Portfolio Millennium Project (Qld) (MBK earning 80%) World class minerals province ▪ Located within Mt Isa-Cloncurry copper region of NW Queensland ~19km from the Rocklands copper-cobalt processing facility ▪ Near term high-grade copper & cobalt resource on granted mining leases ▪ H
Slide 17: Millennium Project
Millennium Project Mt Isa Inlier – World Class Minerals Province – Major Projects Located within Mt Isa-Cloncurry copper region of NW Queensland ~19km from the Rocklands copper-cobalt processing facility • Near term high-grade copper & cobalt resource on granted mining leases • Updated JORC 2012 Inf
Slide 18: Saudi Arabia Strategy – Proven Track Record
Saudi Arabia Strategy – Proven Track Record Ines Scotland is the former CEO of Citadel Resource Group which in partnership with Central Mining Holding Company (CMH) explored and developed the Jabal Sayid copper mine in the Kingdom of Saudi Arabia. To advance MBK’s current exploration and development
Slide 19: Saudi Arabia Strategy – The land of untapped potential
Saudi Arabia Strategy – The land of untapped potential ▪ Easy access to drilling rigs: three large drilling companies and several smaller companies operating on a project basis in Saudi ▪ ALS laboratory located in Jeddah, staffed 24/7 by fully-certified employees ▪ New mining law established in 2021
Slide 20: Summary of Key Risks
Summary of Key Risks Introduction There are a number of risk factors that could potentially impact the Company and any investment in the Company. Shareholders and prospective new Investors should consider the risk factors described below, together with the publicly available information about the Co
Slide 21: Summary of Key Risks (Cont…)
Summary of Key Risks (Cont…) Title, permit and approval risks The mineral tenements and permits held by the Company are subject to the applicable mining acts and regulations in Australia and in Jordan and Saudi Arabia. Mineral tenements and permits are also subject to periodic renewal. There is no g
Slide 22: Summary of Key Risks (Cont…)
Summary of Key Risks (Cont…) Regulatory and government risks The exploration and mining industry is subject to extensive legislation, regulation and supervision by a number of federal, state and regulatory bodies, including regulations regarding exploration, mining, health and safety, employment, wo
Slide 23: Appendix 1 – Underwriting Agreement
Appendix 1 – Underwriting Agreement Equator Capital Management Ltd is acting as Underwriter under an Underwriting Agreement (Underwriting Agreement). The Underwriting Agreement includes terms usual and customary in these types of agreements, a summary of which follows: (a) The underwriting is partia
Slide 24: Appendix 1 continued – Underwriting Agreement
Appendix 1 continued – Underwriting Agreement • The Company fails to perform or observe any of its obligations under the Underwriting Agreement. • Any of the documents required to be provided under the due diligence process, having been withdrawn, or varied without the prior written consent of the U
Slide 25: Appendix 2 – Millennium Mineral Resource Estimate – Material Factors
Appendix 2 – Millennium Mineral Resource Estimate – Material Factors Investor Presentation – September 2025 www.metalbank.com.au | Page 25
Slide 26: Thank You
Ines Scotland, Executive Chair Ines@metalbank.com.au Sue-Ann Higgins, Executive Director and Company Secretary THANK YOU Sue-ann@metalbank.com.au Registered Office Metal Bank Limited Suite 506, Level 5, 50 Clarence Street, Sydney NSW 2000 Email: info@metalbank.com.au ASX Code: MBK | www.metalbank.co