Zenith Minerals Limited · ASX:ZNC
Zenith Minerals — Noosa Mining Investor Conference 2025
25 slides from Zenith Minerals's conference presentation, Nov 13, 2025
Slide 1: Going for Gold
For personal use only ASX:ZNC Going for Gold Noosa Mining Investor Conference 12-14 November
Slide 2: Disclaimer and Important Notices
Disclaimer and Important Notices Important Information Zenith Minerals Limited (ASX: ZNC) ACN 119 397 938 ("Zenith" or the "Company") is the issuer of this presentation. Not a Disclosure Document or Offer This presentation is not a disclosure document for the purposes of Chapter 6D of the Corporatio
Slide 3: Investment Highlights
Investment Highlights A$11M+ Capital Raised — 18+ Months Runway For personal use only Red Mountain Gold Project — Potential Company Maker Large, vertically extensive IRGS system with step-out drilling underway. Consolidate Dulcie Gold Project — Expansion Momentum Building. Largest-ever 12,000 m RC c
Slide 4: Corporate Overview
Corporate Overview Capitalisation Summary Asset Overview Ticket ZNC Project Ownership % Note For personal use only Shares on Issue (m) 592.9 Consolidated Dulcie 100% 302 koz Gold Resource (3) Gold Project Share Price1 (A$/sh) 0.086 Red Mountain Gold 100% Wide zone of mineralisation Market Capitalisa
Slide 5: Strong, Experienced Board and Management
Strong, Experienced Board and Management Andrew Smith Stan Macdonald Euan Jenkins Managing Director/CEO Non-Executive Director Non-Executive Director For personal use only Since 2024 Since 2007 Since 2024 Andrew Smith is a Stan Macdonald has seasoned mining executive extensive experience in the Euan
Slide 6: Focused on Two High-Impact Gold Systems
FOCUSED on Two High-Impact Gold Systems Red Mountain (Qld) For personal use only Large-scale IRGS gold Consolidated Dulcie (WA) system in elephant country 302k Oz @ 1.2g/t Au - Red Mountain Inferred Resource (1) + 500-800k Oz target(2) Dulcie Alburn and Privateer (QLD) Frontier projects in highly Co
Slide 7: Consolidated Dulcie Gold (WA) – Forrestania Region
Consolidated Dulcie GOLD (WA) – Forrestania Region Dulcie Far Strategic North location, (DFN)– exceptional Gold (WA) infrastructure 210k in one of WA’s fastest-emerging gold belts ounces @>1g/t and growing ✓ Mining Leases: Resource Granted Mining Leases, TO agreement, small heap leach currently in o
Slide 8: Extending the Dulcie Corridor – high-grade gold intercepts
Extending the Dulcie Corridor – high-grade gold intercepts across newly consolidated tenure now being drilled • In June 2025, Zenith acquired exclusive subsurface rights to a 3 km southern extension of the Dulcie Corridor, immediately south of the DFN Mineral Resource (1). • The acquisition consolid
Slide 9: Exploration Target & Current Drilling
Exploration Target & Current Drilling • Biggest exploration programme to date: A 12,000 m RC campaign across the Consolidated Dulcie Corridor to rapidly grow and convert the Exploration Target. • For personal use only Two RC rigs operating continuously —as of 12th November 2025, ~10,600 m drilled ac
Slide 10: Red Mountain – Potential Company Maker
Red Mountain – Potential Company Maker ✓ 100% owned in the heart of Queensland’s Auburn Arc – part of Australia’s renowned “elephant country”, home to major gold producers Cracow, Mt Rawdon, and historic Mount Morgan (> 8 Moz Au, 400 kt Cu). For personal use only ✓ A true virgin discovery – gold fir
Slide 11: Red Mountain Gold-Silver – Exciting Results to Date but Still Wide Open
Red Mountain Gold-ilver – Exciting Results to Date but Still Wide Open For personal use only Mt Wright (not a Company asset) vs Red Mountain cross-section. Current Au+Zn-Pb-Ag zone suggests an upper-level position in an IRGS system, with higher gold grades expected deeper, though exact placement is
Slide 12: Red Mountain – A Large, Open Gold System Taking Shape
Red RedMountain MountainGold-Silver – Exciting – A Large, Open Gold System Taking Shape Results to Date but Still Wide Open • Diamond drilling validates IRGS model: 2025 deep-core programme (three holes / ~1,600 m) confirmed Red Mountain as a large, vertically extensive Intrusion-Related Gold System
Slide 13: Red Mountain – Mt Wright Analogue Phase Drilling Underway
Red Mt Mountain Wright – Next for -Analogue Phase Drilling Underway to Define Lateral Scale Red Mountain • Follow-up campaign launched: A 4,000–5,000 m RC programme is now underway, designed to define the shallow footprint of the IRGS system and test open extensions identified in the diamond program
Slide 14: Other Strategic Assets – free upside
Other Strategic Assets – free upside For personal use only Earaheedy JV (Pb/Zn) – 25% Free carry JV Waratha Wells Lithium Project Rio Lithium Project 11mt @ 0.72% Li Still open. Carry cost met by Dulcie Gold. Zenith Minerals Limited Investor Presentation – November 2025 14
Slide 15: Two Western Australian Lithium Projects
Two Western Australian Lithium Projects For personal use only Split Rocks (Rio Lithium Project) • JORC Resource: Inferred Resource of 11.9Mt @ 0.72% Li₂O (0.5% Li₂O cut-off), strategically located near Mt Holland Lithium Mine.1 • Best Intersections: 26m @ 1.2% Li₂O, 10m @ 1.7% Li₂O, and 13m @ 1.9% L
Slide 16: Why Invest
WHY INVEST GOING FOR GOLD: Largest-ever Dulcie drill campaign — ~10,600 m of 12,000 m RC programme completed, driving conversion and extension of the 0.3–0.8 Moz Exploration Target across the 6 km Dulcie Corridor. For personal use only Driving to Production | Situated on granted Mining Leases with T
Slide 17: Appendix
For personal use only APPENDIX
Slide 18: Rio Lithium Project (Split Rocks, WA)
Rio Lithium Project (Split Rocks, WA) • Rio Lithium Resource: Maiden Inferred Mineral Resource estimate reported at a 0.5% Li₂O cut-off; resource remains open at depth and along strike. • Drilling Success: Zenith completed targeted lithium drilling at Split Rocks, intersecting 27m @ 927ppm Li₂O from
Slide 19: Auburn Gold Prospect
Auburn Gold Prospect Located in a Highly Prospective Gold Belt • Situated within the Auburn portion of the Connors-Auburn Arc, part of the New England Orogenic Belt, which hosts major gold and base metal deposits. For personal use only • Proximity to Cracow Epithermal Gold Deposit (multi-million oz)
Slide 20: Privateer Gold Prospect
Privateer Gold Prospect Strategic Location in a Proven Gold Belt • 100%-owned project in Queensland’s Auburn portion of the Connors-Auburn Arc. • Region hosts significant gold deposits, including Cracow Gold Mine (multi-million oz), located 70km to the west. For personal use only High-Grade Gold Pot
Slide 21: Cowarra Gold Project – Forgotten gold mine in Lachlan Fold Belt
Cowarra Gold Project – Forgotten gold mine in Lachlan Fold Belt Location & Ownership • Located in the Lachlan Fold Belt, New South Wales, a region renowned for high-grade gold deposits. For personal use only • Zenith holds a 26% stake in Oxley Resources (a private company with low cash burn), ensuri
Slide 22: Additional Zinc Exposure via Earaheedy JV – Free Carry
Additional AdditionalZinc ZincExposure Exposurevia viaEaraheedy EaraheedyJV JV––Free Carry • Free Carry Strategic Zinc Exposure: Zenith holds a 25% free-carried interest (through to completion of Bankable Feasibility Study) in the Earaheedy Zinc JV with Rumble Resources (ASX: RTR), initially announc
Slide 23: Competent Person Statement
Competent Person Statement The information in this presentation relating to Exploration Results for Dulcie Far North (DFN) and surrounding exploration activities, as well as the Exploration Target for the Consolidated Dulcie Gold Project, is based on information compiled by Mr Daniel Greene, a Membe
Slide 24: Consolidated Dulcie Exploration Target Statement
Consolidated Dulcie Exploration Target Statement Table: Consolidated Dulcie Exploration Target at a 0.5 g/t Au cut-off, excluding additional speculative or undrilled areas M tonnes Au grade g/t Au million ounces For personal use only Area Lower* Upper** lower upper lower upper Dulcie 8 17 0.9 1.1 0.
Slide 25: Australian-Focused Diversified Mineral Developer
For personal use only AUSTRALIAN-FOCUSED DIVERSIFIED MINERAL DEVELOPER Zenith Minerals Limited (ASX:ZNC) www.zenithminerals.com.au
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