Mont Royal Resources Ltd. · ASX:MRZ
Mont Royal Resources — Investor Presentation (November 2025)
28 slides from Mont Royal Resources's investor presentation, November 2025
Slide 1: Ashram Rare Earths Project, Canada: Waking a Sleeping Giant
Ashram Rare Earths Project, Canada: Waking a Sleeping Giant Mont Royal Resources Limited (ASX: MRZ / TSXV: MRZL) Investor Presentation November 2025
Slide 2: Important Notice and Disclaimers
Important Notice and Disclaimers Forward looking statements Mont Royal Resources Limited This presentation contains certain “forward looking statements” within the meaning of Australian securities laws and “forward looking information” within the meaning of Canadian securities laws (collectively ref
Slide 3: Investment Overview
Investment Overview Unlocking a globally significant rare earths asset Mont Royal Resources Limited One of the largest monazite- Government New leadership team Renewed Merger & capital raise mineralised carbonatite- support - Strong - New highly-regarded development - Mont Royal (ASX: MRZ) hosted RE
Slide 4: A Focused Critical Minerals Company
A Focused Critical Minerals Company Right time, right place, right team for Canadian-focused rare earths developer Mont Royal Resources Limited Strategic Assets Advanced Ashram REE & Fluorspar Project Earlier stage Eldor Niobium Project and the Northern Lights Gold- Copper-Lithium Project All locate
Slide 5: Capital Structure
Capital Structure Mont Royal Resources Limited Capital Structure Shares on issue M 191.14 Share Price1 A$ 0.20c Market capitalisation A$M 38.2 Net cash A$M 10.5 Enterprise value A$M 27.7 Options M 92.13 Performance rights M 12.26 1. Share price based on the issue price of Mont Royal’s recent capital
Slide 6: Rare Earths & Fluorspar Project
Ashram Rare Earths & Fluorspar Project Mont Royal Resources Limited World-scale resource set for development • 100% owned project, 130 km south of Kuujjuaq, the administrative centre of Nunavik • World-scale resource in a Tier-1 jurisdiction • JORC Mineral Resource Estimate1: • Indicated: 73.2Mt at
Slide 7: Board and Leadership Team
Board and Leadership Team New team with proven track record of delivering major projects Mont Royal Resources Limited Cameron Henry Nicholas Holthouse Ronnie Beevor Adam Ritchie Jeremy Robinson Non-Executive Chairman Managing Director Non-Executive Director Non-Executive Director Non-Executive Direc
Slide 8: Executive & Technical Leadership Team
Executive & Technical Leadership Team New team with proven track record of delivering major projects Mont Royal Resources Limited Advisory Expertise • Dahrouge Geological Consulting • BBA Canada • L3 Consulting • DRA Canada Peter Ruse Cindy Valence Darren L. Smith Gavin Beer Head of Corporate VP Gov
Slide 9: Development Strategy
Development Strategy Unlocking a globally significant rare earths asset Mont Royal Resources Limited Diversify Downstream Collaborate and JV with industry to capture additional value along the REO and magnet supply chain Unlock Value from other Commodities o Progress opportunities to participate fur
Slide 10: Applications of REEs
Applications of REEs Mont Royal Resources Limited ELECTRIC VEHICLES Rare earth elements are commonly used in electric vehicle motor manufacturing because of their exceptional magnetic properties WIND ENERGY Advanced wind turbines and wind farms are designed for optimal energy capture and minimal env
Slide 11: Rising Global Demand for Rare Earths
Rising Global Demand for Rare Earths A rapidly growing global market Mont Royal Resources Limited NdFeB Global consumption and forecasted Global consumption and forecasted demand demand for Rare Earth Oxides (REOs) for for NdFeB (neodymium iron boron) magnets passenger EV traction motors, wind power
Slide 12: Global REE Market
Global REE Market Supply shortages looming – new projects required to fill the gap Mont Royal Resources Limited ▪ Annual demand has almost tripled in the last decade: from~ 56,000 tonnes to ~140,000 tonnes. PrNd and DyTb oxide inventories ▪ Chinese producers currently dominate remain in tight with a
Slide 13: Project – Peer Comparison
Ashram Project – Peer Comparison Advanced, large scale, high quality Mont Royal Resources Limited Resource Grade % Contained TREO Contained TREO Company Project Stage NdPr % TREO *EV (A$m) (Mt) TREO (Mt) (Mt) Mont Royal Resources Ashram - Canada PEA - PFS + Drilling 204.3 1.90% 3.88 21% 30 3.88 Lyna
Slide 14: Canada: Tier-1 Destination for Critical Minerals Investment
Canada: Tier-1 Destination for Critical Minerals Investment Mont Royal Resources Limited Becoming a world leader in project development and investment Supportive Government Infrastructure & Strong Indigenous & Policies Investment-Ready Regulatory • “One Project, One Review” • Quebec’s Société du Pla
Slide 15: Changing Geopolitical Context for Rare Earths
Changing Geopolitical Context for Rare Earths Trade war disrupting supplies, increasing focus on domestic supply Mont Royal Resources Limited Ongoing Trade Tensions Geopolitical Disruption Rising Manufacturing Costs China’s Market Dominance All leading to... Push for Supply Diversification 15
Slide 16: Deposit – REE and Fluorspar Resource
Ashram Deposit – REE and Fluorspar Resource Tier-1 scale REE deposit with potential high-value by-products Mont Royal Resources Limited The deposit has a high NdPr distribution of 21.2% NdPr (indicated) and 21.4% NdPr (inferred)1, exceeding that of several active global producers. Mineral resources
Slide 17: REE Value Chain
Ashram REE Value Chain A staged, lower-risk approach to development in the REE Supply Chain Mont Royal Resources Limited Mont Royal will focus on Steps 1 and 2 (potentially Step 3) for Stage 1. Mont Royal may participate in Steps 3 to 7 in additional development either in JV’s or Industry collaborat
Slide 18: Deposit – Strong Metallurgy Offers Development Staging Options
Ashram Deposit – Strong Metallurgy Offers Development Staging Options Produce a high-value REE concentrate and/or MREC Mont Royal Resources Limited Simple Front-End Flowsheet Option 1 Floatation • 30-35+% REO monazite mineral concentrates produced Concentrate with strong recovery (60-70%) • High mas
Slide 19: Deposit – Basket Value and Drivers
Ashram Deposit – Basket Value and Drivers Strong Magnetic Element ratio driving solid basket value Mont Royal Resources Limited Basket Composition and Value Basket value driven by the four magnet metals – Pr, Nd, Dy and Tb. 25% MREO 25% MREO (23.5% LREE and 1.5% HREE) composition drives 93% of the v
Slide 20: Deposit – Valuable By-Product Potential
Ashram Deposit – Valuable By-Product Potential Fluorspar a potential second income stream Mont Royal Resources Limited Simple Front-End Flowsheet Addition Uses of Fluorspar Fluorspar is used in • Fluoride Products the production of: • Metallurgical Grade Fluorspar: 60-85% fluoride content, used in s
Slide 21: Eldor Project – Niobium Potential
Eldor Project – Niobium Potential High-grade niobium discovery Mont Royal Resources Limited Potential for future additional flowsheet • Portfolio includes a 100% interest in the Mallard and Miranna niobium exploration prospects, located within the Eldor Property adjacent to the Ashram Mineral Resour
Slide 22: Project – Development Gaining Momentum
Ashram Project – Development Gaining Momentum Strong platform for growth with multiple upcoming catalysts Mont Royal Resources Limited Priorities With a Development Focus ▪ Continue to work closely with Quebec and Federal Governments to secure road access commitment for the Ashram Project ▪ PEA inte
Slide 23: Key Value Drivers
Key Value Drivers Key ingredients in place to create rapid shareholder value Mont Royal Resources Limited 1 2 3 Ashram Rare Earths Project New Industry Leading Team Strong Market Outlook • Large resource, Strong grades • New team has a strong track • REE demand has tripled in past • Strong metallurg
Slide 24: Appendices
APPENDICES
Slide 25: Project Mineral Resource Statement (as at April 2024)
Ashram Project Mineral Resource Statement (as at 4 April 2024) Mont Royal Resources Limited All Oxides Tonnes TREO Nd + Pr Tb + Dy Fluorspar Classification (Mt) (%) oxide / TREO oxide / TREO (%) Unit Indicated Inferred Tonnes Mt 73.2 131.1 Measured - - - - - Total TREO % 1.89 1.91 Nd+Pr Oxide/TREO %
Slide 26: Mineral Resource Statement (as at April 2024) cont.
Mineral Resource Statement (as at 4 April 2024) cont. Notes to Mineral Resource Table: Originally reported under CIM/NI 43-101. Mont Royal Resources Limited 1. Mineral Resources are not Mineral Reserves as they have not demonstrated economic viability. The quantity and grade of reported Inferred Res
Slide 27: Peer Comparison – References
Peer Comparison – References Mont Royal Resources Limited Lynas - https://wcsecure.weblink.com.au/pdf/LYC/02835257.pdf Hastings - https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02925107-6A1255757&v=undefined Arafura – ASX Release 23rd July 2024 - https://wcsecure.web
Slide 28: Mont Royal Resources Limited ASX:MRZ TSXV:MRZL
Mont Royal Resources Limited ASX:MRZ TSXV:MRZL Nick Holthouse Proposed Managing Director Peter Ruse Corporate Development Contact: info@montroyralres.com Nicholas Read Investor and Media Relations nicholas@readcorporate.com.au
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