Aumega Metals Ltd · ASX:AAM
Aumega Metals — Investor Presentation (November 2025)
36 slides from Aumega Metals's investor presentation, Nov 18, 2025
Slide 1: Discovering Newfoundland's Next MEGA Deposit
Discovering Newfoundland’s Next MEGA Deposit For personal use only Corporate Presentation aumegametals.com ASX: AAM | TSXV: AUM | OTCQB: AUMMF
Slide 2: Disclaimer and Forward-Looking Statements
Disclaimer and Forward-Looking Statements Disclaimer and Forward-Looking Statements This presentation is not a prospectus nor an offer to sell, nor a solicitation of an offer to buy, securities for subscription or sale in any jurisdiction nor a securities recommendation. The information in this pres
Slide 3: Newfoundland: A Proven Belt Entering Its Discovery Cycle
Newfoundland: A Proven Belt Entering Its Discovery Cycle Canada’s most recent multi-billion-dollar gold discovery district For personal use only COMPARABLE TO MAJOR GOLD DISTRICTS Early-stage Abitibi / Victorian goldfields resurgence MULTI-MILLION-OUNCE VALENTINE MINE On the same gold belt and now i
Slide 4: AuMEGA Metals – Fundamentally Sound
AuMEGA Metals – Fundamentally Sound A district-scale gold discovery opportunity with real ounces, drilling momentum and strategic & institutional For personal use only backing GROWING GOLD RESOURCE 1 M&I Resources: 450 koz Au | Inferred Resources: 160 koz Au DISTRICT-SCALE LAND PACKAGE Controlling 1
Slide 5: AuMEGA Metals – Re-Rate Window is Wide Open
AuMEGA Metals – Re-Rate Window is Wide Open Timing matters – poised for discovery For personal use only HIGH-PRIORITY EM TARGET NOW DRILLING Large EM anomaly located near high-grade Central Zone deposits CAPE RAY WEST SHAPING AS SECOND MAJOR TREND New multi-kilometre gold trend emerging MAJOR INTRUS
Slide 6: AuMEGA Controls the Next Discovery Corridor
AuMEGA Controls the Next Discovery Corridor For personal use only VALENTINE PROVED THE BELT (2) 1. Image Source: Equinox Gold 2. Map/Image Source: Government of NL & Equinox ASX: AAM | TSXV: AUM | OTCQB: AUMMF 6
Slide 7: Valentine Mine Growth & Evolution
Valentine Mine Growth & Evolution Valentine growth in resources underpinned by exploring new areas beyond original discovery For personal use only Factor Valentine AuMEGA VALENTINE MINE RESOURCE GROWTH 1 M&I Resources Inferred Resources EM + till + structural 6.0 Discovery Stage Regional soil anomal
Slide 8: Consolidators are Buying Ounces & District Scale
Consolidators are Buying Ounces & District Scale AuMEGA is one of the last positioned district consolidators For personal use only 2022 2024 AUMEGA PORTFOLIO GOLDEN ROSE PROJECT ▪ Strategic 10% investment in 2022 ▪ JV with TSXV junior explorco in 2024 ▪ Technical input and involvement ~C$7.9bn Mkt C
Slide 9: AuMEGA Strategy
AuMEGA Strategy Resource Foundation → High-Conviction Discovery → District Scale For personal use only THE WHAT THE HOW 1 RESOURCE EXPANSION 1 DISTRICT-SCALE LAND PACKAGE Identify opportunities to grow current resource Having a prospective portfolio of projects DISCOVERY EXPERIENCE & APPROACH 2 2 Le
Slide 10: Cape Ray Project
Cape Ray Project MINERAL RESOURCES1 For personal use only Indicated 6.2 Mt @ 2.25 g/t for 450 koz Au Inferred Resources 3.5 Mt @ 1.4 g/t for 160 koz Au INFORMATION Infrastructure 22-km access road off highway Drive-in, drive-out Port Aux Basques (~4,000 population) Major seaport access TransCanada H
Slide 11: Cape Ray Resource Foundation
Cape Ray Resource Foundation Resource gives credibility… discovery gives torque For personal use only M&I RESOURCE: 450 koz Au INFERRED RESOURCE: 160 koz Au Resource calculated based on US$1,750/oz gold price HISTORIC EXPLORATION LIMITED TO DEPOSITS Past drilling predominately in pit shell outlines
Slide 12: Cape Ray Growth Potential
Cape Ray Growth Potential Several untested areas along strike and down plunge For personal use only 1. News release dated 29 July 2025 ASX: AAM | TSXV: AUM | OTCQB: AUMMF 12
Slide 13: Discovery Engine: Technology & Geology
Discovery Engine: Technology & Geology Exploration edge: matching electromagnetic signature of known ore system For personal use only SURVEY MAPPED CENTRAL ZONE EM SIGNATURE Acts as a major vector to identify new targets DOZEN EM TARGETS IDENTIFIED EM signature identified across Cape Ray Project GEO
Slide 14: Compelling Untested Target at Cape Ray
Compelling Untested Target at Cape Ray Potential Central Zone repeat represents possible transformation For personal use only LARGE ANOMALY WITH SCALE Currently measure 500 m by 1000 m, open to the southeast FAULTED STRUCTURAL CORRIDOR EM anomaly aligns with major geological structures SIGNIFICANT 1
Slide 15: Cape Ray – Major EM Anomaly
Cape Ray – Major EM Anomaly For personal use only Window Glass Hill Central Zone Camp EM anomaly ASX: AAM | TSXV: AUM | OTCQB: AUMMF 15
Slide 16: Cape Ray West: Second Growth Corridor
Cape Ray West: Second Growth Corridor Emerging multi-kilometre gold trend For personal use only LIMITED HISTORIC EXPLORATION Sporadic tills collected “light up” COMPREHENSIVE TILL SURVEY COMPLETED Tight-spaced, systematic survey confirms anomalies SIGNIFICANT RESULTS RECEIVED Several till anomalies
Slide 17: Multi-kilometre Gold Trend
Multi-kilometre Gold Trend For personal use only 1. News release dated 16 October 2025 ASX: AAM | TSXV: AUM | OTCQB: AUMMF 17
Slide 18: Isle aux Morts Granite
Isle aux Morts Granite For personal use only Window Glass Hill Isle aux Morts Granite ASX: AAM | TSXV: AUM | OTCQB: AUMMF 18
Slide 19: Bunker Hill Project
Bunker Hill Project INFORMATION For personal use only Location Cape Ray – Valentine Shear Zone Access Logging road located 30 kms from TransCanada Highway; helicopter Scale 104.5 km2 ASX: AAM | TSXV: AUM | OTCQB: AUMMF 19
Slide 20: Bunker Hill: Large Intrusive Gold System
Bunker Hill: Large Intrusive Gold System Massive project area with the largest exploration program ever conducted in 2025 For personal use only NITTY GRITTY ▪ Several high-grade copper, gold and silver samples 1,2 ▪ Intrusion related mineralisation ▪ Drilled five holes for 1,293 metres in the winter
Slide 21: Bunker Hill Results Pending
Bunker Hill Results Pending Growing the pipeline of drill targets in the Greenfield setting For personal use only LARGE-SCALE MAPPING & SAMPLING PROGRAM Largest till program ever COLLECTED THOUSANDS OF SAMPLES Approximately 2,800 samples collected over 3,300 stations RESULTS PENDING Assay results ar
Slide 22: Hermitage Gold – Antimony Project
Hermitage Gold – Antimony Project INFORMATION For personal use only Location Hermitage Flexure Access Remote – helicopter Scale 233.5 km2 ASX: AAM | TSXV: AUM | OTCQB: AUMMF 22
Slide 23: Hermitage Gold – Antimony Project Overview
Hermitage Gold – Antimony Project Overview Largest arsenic & antimony anomaly in Newfoundland – with confirmed association with gold For personal use only GEOLOGICALLY AKIN TO MAJOR GOLD BELT Similar geology to world-class Bendigo, Fosterville in Australia, Windfall in Quebec 1 ANOMALOUS STRUCTURAL
Slide 24: Hermitage Previous Results
Hermitage Previous Results1 Discreet areas of significant identified by work completed to-date For personal use only Silver Zone THREE DISCREET AREAS Silver Zone: High-grade silver samples Gold Zone: High-grade gold and cluster of gold samples Antimony Zone: Several antimony samples Antimony Zone Go
Slide 25: Hermitage 2025 Exploration Program
Hermitage 2025 Exploration Program For personal use only HIGH-RESOLUTION AIRBORNE GEOPHYSICS 1 Completed 4,756 line-kilometres over 27 kms of strike STRUCTURAL COMPLEXITY ACROSS PROJECT Major structural boundaries and broad scale deformation PROSPECTIVE SAMPLES ALIGNMENT Previously collected samples
Slide 26: AuMEGA Capital Structure
AuMEGA Capital Structure CAPITAL STRUCTURE SHAREHOLDER OWNERSHIP For personal use only Institutional B2Gold Board & Management Retail Market Capitalization1 TSXV: C$32M / ASX: A$29M 51% Share Price 1 C$0.040 / A$0.037 Shares Outstanding 789M GROWING INSTITUTIONAL Cash 2 C$6.3M / A$7.1M OWNERSHIP 10%
Slide 27: High Quality, Highly Experienced Board & Management
High Quality, Highly Experienced Board & Management Management Board of Directors For personal use only Sam Pazuki Michael Skead Justin Osborne Nikki Adshead-Bell Managing Director & CEO President Chair Non-Executive Director Carol Marinkovich Giles Dodds Kerry Sparkes 1 James Withall Exec. Director
Slide 28: Undervalued
Undervalued AuMEGA trading well below peers despite defined mineral resource & significant optionality For personal use only Market Capitalisation per M&I Ounce of Gold $600 RESOURCE ALREADY IN HAND Trading well-below peers with defined mineral resources $500 M&I Resources / oz (USD) $400 $300 DISCO
Slide 29: Upcoming Catalysts
Upcoming Catalysts DIAMOND DRILLING CAPE RAY – UNDERWAY For personal use only Drilling of major EM anomaly CAPE RAY ASSAY RESULTS PENDING – EXPECTED SOON Expanded till program at Isle aux Morts Granite & Major EM anomaly Fully funded exploration program continues with BUNKER HILL ASSAY RESULTS – EXP
Slide 30: Discovering Newfoundland's Next MEGA Deposit
For personal use only Discovering Newfoundland’s Next MEGA Deposit ASX: AAM | TSXV: AUM | OTCQB: AUMMF 30
Slide 31: AuMEGA Metals Limited
AuMEGA Metals Limited For personal use only 24 Hasler Road, Osborne Park WA 6017 Australia Ph: +61 8 6117 0478 (Australia) Ph: +1 780 665 4925 (Canada) E: info@aumegametals.com www.aumegametals.com @aumegametals https://au.linkedin.com/company/aumega-metals ASX: AAM | TSXV: AUM | OTCQB: AUMMF ASX: A
Slide 32: Detailed Mineral Resource Estimate
Detailed Mineral Resource Estimate(1) Open Pit Mineral Resource Estimate Underground Mineral Resource Estimate Resource Cut-off Grade Tonnes Grade Contained Metal Cut-off Grade Tonnes Grade Contained Metal For personal use only Deposit Zone Classification g/t Au kt g/t Au koz Au g/t Au kt g/t Au koz
Slide 33: Growing the Pipeline of Prospective Projects
Growing the Pipeline of Prospective Projects How AuMEGA systematically explores is district-scale land package For personal use only The Exploration Pipeline Process → Decreasing Risk → Increasing Confidence → Anomaly Target Mineral Target Generated Ore Reserve Generated Defined Resource Milestone 1
Slide 34: Exploration Matter – Growth Engine of the Industry
Exploration Matter – Growth Engine of the Industry Declining global gold reserves + Lack of exploration investment = junior explorco opportunities For personal use only Gold Reserves % Change 1 PEAK GOLD (2012 v 2024) ▪ Declining global gold reserves since 2011 ▪ Coincided with peak of the previous
Slide 35: Relative Underperformance in Strong Gold Market – Opportunity?
M&I Resources / oz (USD) 1. For personal use only 0% 100% 200% 300% 400% 600% 500% Sokoman Minerals 10 November 2025 Benz Mining Martime Resources Amex Exploration Ardiden Labrador Gold Canterra Minerals FireFly Metals Big Ridge Gold Exploits Discovery YTD 2025 RELATIVE PERFORMANCE 1 Astral Resource
Slide 36: Source Data for Mkt Cap / Resource Comparable
Source Data for Mkt Cap / Resource Comparable 1,2 Den USD Den USD For personal use only Company Mkt Cap / M&I Mkt Cap / Inf Currency Market Cap Net Cash M&I Resource Inferred Resource AuMEGA Metals $47 $121 CAD $28 $21 $9.2 $6.6 0.44 0.17 Canagold Resources $57 $237 CAD $87 $63 $1.1 $0.8 1.107 0.266
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