Mount Ridley Mines Limited · ASX:MRD
Mount Ridley Mines — Mineral Sands and Rare Earths Conference 2026
21 slides from Mount Ridley Mines's conference presentation, Mar 25, 2026
Slide 1: Critical Minerals Hidden In Plain Sight
ASX: MRD For personal use only Critical Minerals Hidden In Plain Sight Heavy Rare Earths / Scandium / Gallium / Light Magnetic Rare Earths Mineral Sands and Rare Earths Conference – Perth, Western Australia March 2026
Slide 2: Disclaimers & Forward-looking Statements
Disclaimers & Forward-looking Statements Disclaimer: Forward-Looking Statements: Competent Person Statement: This presentation has been prepared by Mount Ridley Mines (ACN 092 Certain statements contained in this presentation, including The information contained in this presentation that relates to
Slide 3: Corporate Snapshot
Corporate Snapshot Opportunity for significant shareholder returns Highlights Board of Directors For personal use only Share Price1 Shares on Issue $0.031 1.32b David Wall Allister Caird Kieran Witt Peter Christie Non-Executive Chairman Managing Director Non-Executive Director Non-Executive Director
Slide 4: Corporate Highlights
Corporate Highlights For personal use only Multi Critical Large Shallow Resource Tier-1 25km from Deepwater Port Minerals Portfolio <60m Jurisdiction in Esperance, WA Strong Allied Significant Entire Mafic Complex Attractive Supply Chain Tailwinds Exploration Upside Secured – Driving 41% HREE Valuat
Slide 5: Corporate Strategy
Corporate Strategy Three key pillars for growth and value creation For personal use only 1. 2. 3. Targeted Exploration Downstream & Strategic Positioning & Expansion Metallurgical Pathways And Partnerships Systematic exploration designed to grow Focused on unlocking value through Positioning Mount R
Slide 6: Multi Critical Element Portfolio
Multi Critical Element Portfolio One Project. Four High-Value Critical Mineral Groups Co-Located Across the Grass Patch Complex. For personal use only Heavy Rare Earth Elements Scandium Gallium NdPr Magnetic REE High-grade HREO with dominant Co-located with REE Hosted across the broader 23,500t cont
Slide 7: Mount Ridley Exploration History
Mount Ridley Exploration History From Nickel and Copper Exploration to a Major REE, Scandium & Gallium Discovery For personal use only 2015–2018 1 Nickel–copper drilling program. No significant Ni/Cu assays, though gallium was present but considered insignificant at the time. Drilling continued due
Slide 8: Mount Ridley Project
Mount Ridley Project One Contiguous Holding Across Two Distinct Geological Regions • The Mount Ridley Project trends NE-SW, coincident with structural controls in the area For personal use only • The Mount Ridley Exploration Licenses cover the Grass Patch Complex • Grass Patch Complex has an approxi
Slide 9: The Grass Patch Complex
The Grass Patch Complex The Mount Ridley Project Resides Across a Rare Geological Terrain in the Region • The Mount Ridley Project comprises For personal use only 2 geologically distinct areas • Blocks 1 and 2 are part of the Grass Patch Complex and are coincident with a gravity and magnetic high, t
Slide 10: Heavy Rare Earth Elements
Heavy Rare Earth Elements Grass Patch Complex Hosts Extensive Suite of REE’s Inferred Resource • Inferred Mineral Resource of 122.5Mt @ 889ppm TREO for For personal use only 108,954 tonnes of contained TREO metal1 Heavy REE Enrichment • Strong heavy rare earth composition with 41% HREO (46,610 tonne
Slide 11: Scandium
Scandium A globally significant JORC compliant scandium resource • The Scandium resource at Mount Ridley is estimated across 2 zones primary zones within the Grass Patch For personal use only Complex. • Scandium, gallium and heavy rare earth element mineralisation are strongly co-located • The scand
Slide 12: Scandium
Scandium High value critical mineral with limited global supply For personal use only • Global scandium supply is extremely limited, with no large scale primary Strength & Weight Weldability producers outside China and Russia Scandium-aluminium alloys Eliminates hot cracking in deliver up to 30% gre
Slide 13: Gallium
Gallium China dominated supply chains & allied market interest • The gallium resource at Mount Ridley is estimated across 3 zones of dense historical drill intersections. For personal use only • Gallium is a high-risk critical mineral as defined by US, Australia, Japan, Europe, UK, South Korea & Ind
Slide 14: Future Exploration At Mount Ridley
Future Exploration At Mount Ridley A Pipeline of High Impact Exploration Targets • Comprehensive modern Geophysical data review has For personal use only identified 7 high priority, walk-up REE-Scandium-Gallium drill targets • The cumulative package of prospects have a strike length of 33km • Known
Slide 15: Critical Mineral Price Premium
Critical Mineral Price Premium Not all critical minerals are equal ★ Minerals present in Mount Ridley's resource base Mineral USD/kg Price Relative Price > USD For personal use only Scandium ★ $3,600 ████████████████████ Gallium = $220/kg Terbium ★ $1,800 ████████████████ Scandium = ~$3,600/kg Dyspr
Slide 16: Critical Mineral Supply Risk
Critical Mineral Supply Risk Mount Ridley's Minerals Are Among the Most Geopolitically Exposed ★ MRD minerals Mineral Non-Western Supply % Concentration Risk For personal use only URGENT ALLIED DEMAND Gallium ★ 98% ████████████████████ Germanium 95% ███████████████████ Scandium ★ 95% ███████████████
Slide 17: Western Australia – An Allied Critical Minerals Hub
Western Australia – An Allied Critical Minerals Hub China dominated supply chains & recent allied market interest • China dominates global critical mineral supply chains For personal use only • China has a monopoly on both resources and processing China Allied technology (REEs and Ga) Dominates Crit
Slide 18: Location & Infrastructure
Location & Infrastructure Tier 1 mining location For personal use only Located predominantly on crown land Southern tenements 25 km north-east of the deep-water port of Esperance Adjacent to Goldfields-Esperance Highway, railway and gas pipelines 20 km from Esperance Airport Renewable wind and solar
Slide 19: Downstream Strategy
Downstream Strategy Creating and end-to-end processing pathway • End to end processing pathway under evaluation – Feedstock For personal use only through to MREC or individual rare earth/metal oxides • Regolith hosted mineralisation supports integrated flowsheet design and recovery • Well establishe
Slide 20: Indicative Timeline
Indicative Timeline Near Term Project Execution Pathway CY26 CY27 For personal use only M A M J J A S O N D J F M A M J Near Term Execution Pathway Comment Design drill program with immediate focus on 12.8km Prioritise Walk Up Drill Targets primary targets from geophysical review Additional resource
Slide 21: Upcoming Investment Catalysts
Upcoming Investment Catalysts 1. Advance downstream strategy through high profile partnerships For personal use only 2. Re-assaying of pulps, coarse rejects and diamond drill core with a view to upgrade existing mineral resource estimates. 3. Metallurgical test work to focus on the extraction of hig
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