Vantage Metals Limited · ASX:VAN
Vantage Metals — Belararox — Investor Presentation (April 2026)
22 slides from Vantage Metals's investor presentation, April 2026
Slide 1: Investor Presentation
Investor Presentation Will Dix – CEO, April 2026 Targeting Tier-1 Copper Discoveries in San Juan, Argentina and Botswana’s Kalahari Belt
Slide 2: BRX Offers Leveraged Exposure to a Copper Discovery Across Two Tier-1 Jurisdictions
BRX Offers Leveraged Exposure to a Copper Discovery Across Two Tier-1 Jurisdictions Prime ground in the world’s most sought-after copper belts: San Juan (Argentina) & Kalahari (Botswana), surrounded by Tier 1 miners TMT (Argentina) Successful Drilling of epithermal target at Toro Central and vectori
Slide 3: Two Copper Projects in the World's Most Sought-After Belts
Two Copper Projects in the World's Most Sought-After Belts TMT Project (Argentina) Kalahari Copper Project (Botswana) Highly prospective 342 km² landholding with District-scale (3,900 km²) landholding targeting significant copper/gold porphyry targets and sediment-hosted copper strategically surroun
Slide 4: Corporate Overview – Low Market Cap, Robust Cash, Experienced Team
Corporate Overview – Low Market Cap, Robust Cash, Experienced Team CAPITAL STRUCTURE BOARD OF DIRECTORS With a market capitalisation value of circa $20.0 million Mr. Warburton has over 45 years of experience in senior corporate roles and operating large mining and contracting Mr. Neil Warburton and
Slide 5: TMT Project Update
TMT Project Update Picture taken from the TMT camp ~3300m asl, looking towards Toro South 5
Slide 6: TMT Project – On the Doorstep of Supergiants
TMT Project – On the Doorstep of Supergiants BRX is prioritising capital efficient, shallow epithermal exploration at Toro Central to deliver further near-term Chile discovery success, while vectoring towards district-scale Argentina VICUÑA DISTRICT – BHP/Lundin copper-porphyry systems at Toro South
Slide 7: Active Exploration Across Three High-Priority TMT Targets
Active Exploration Across Three High-Priority TMT Targets Toro Central Tambo South • High Grade Silver • First-pass drilling at Discovery Tambo South intersected • Drilling ongoing testing broad, continuous zones shallow Ag-Zn-Au-Cu of anomalous copper, epithermal target Discovery open in all direct
Slide 8: Drilling High-Grade Silver Discovery at Toro Central — Drilling Ongoing
Drilling High-Grade Silver Discovery at Toro Central — Drilling Ongoing • Recent drilling intersected 47m @172g/t Ag (including 27m @291g/t Ag from 59m) at Toro Central, with additional drilling ongoing targeting similar mineralised structures • Additional intersection in the same hole returned 48m
Slide 9: Toro South – Epithermal and Porphyry Targets
Toro South – Epithermal and Porphyry Targets • Drilling was completed to test shallow Cu- Au-Ag epithermal target over deeper Cu porphyry target • Surface sampling returned assay results of up to 1.41% Cu, 1.28 ppm Au, 421 ppm Ag, 8.13% Zn, and >20.0% Pb A A’ Cross-section of the Toro South Target,
Slide 10: Tambo South: Copper Mineralisation Open in All Directions
Tambo South: Copper Mineralisation Open in All Directions • First pass drilling at Tambo South intersected multiple copper mineralised intervals • Mineralised zones at Tambo South remain open laterally and at depth • MT/IP survey results highlight further copper porphyry potential • Field mapping an
Slide 11: Kalahari Copper Project: Full Reset, Program Imminent
Kalahari Copper Project: Full Reset, Program Imminent Kalahari Copper Project (100% BRX) Complete Reset Poised to Deliver Significant Growth • Kalahari Copper (KC) project in • Incoming exploration team with a • Active exploration program imminent Botswana - a region hosting significant successful t
Slide 12: Botswana: #1 Ranked Jurisdiction in Africa for Mining Investment
Botswana: #1 Ranked Jurisdiction in Africa for Mining Investment Fraser Institute, Investment attractiveness index (2023) Major copper producing jurisdictions Key Highlights Arizona 84 Politically Stable Queensland 78 longest uninterrupted democracy in Africa Botswana 77 Fiscal Strength South Austra
Slide 13: Surrounded by Majors with Billions in Resources
Surrounded by Majors with Billions in Resources Highlights • Project located in the prolific Kalahari Copper Belt in Botswana • Tenements covering ~3,900 km2 of land in prospective areas • Targeting sediment-hosted copper deposits • Tenements along strike of known copper-silver mineralisation • AUD
Slide 14: 2026 – Focussing on the High Priority Tenements
2026 – Focussing on the High Priority Tenements TENEMENT RANKING Code Name 2026 Rank PL0770 Komana 1 PL2743 Makalamabedi 2 PL0773 Chanoga 3 PL0085 Kareng West 4 PL0772 Mowana 5 PL2747 Kuke East 6 PL0771 Nengwa West 7 PL0086 Ghanzi East 8 PL2744 Pimple Hill 9 PL2746 Somelo South 10 PL2745 Tsa Hill Ea
Slide 15: Proven Three-Step Exploration Methodology Commencing Now
Proven Three-Step Exploration Methodology Commencing Now Airborne Electromagnetic Survey (AEM) • Locate carbonaceous marker horizon 1 • Develop drill targets in northern tenements PL2743, PL0773, PL0770 and PL0299 Detail Magnetic Interp • Tighter line spacing to better define 2 subtle continuations
Slide 16: Near-Term Catalysts Across Both Projects Through 2026
Near-Term Catalysts Across Both Projects Through 2026 TMT PROJECT - ARGENTINA Apr May Jun Jul Aug Sep Oct Nov Dec Jan 2027 Civils Relogging/Reinterpretation and New Target Generation Drilling Drilling - Toro and New Targets Assays - remaining Toro 2025/26 drilling Assays KC PROJECT - BOTSWANA Apr Ma
Slide 17: Upcoming News Flow: Multiple Assay Results Expected May–June 2026
Upcoming News Flow: Multiple Assay Results Expected May–June 2026 TMT Project (Argentina) KCP Project (Botswana) • Follow up results as they are received from Toro • Revised, refreshed approach utilizing 3 pillars of KCP Central (47m @172 g/t Ag) exploration – magnetics, AEM survey and geochemistry
Slide 18: Contact
Contact Belararox Limited (ASX:BRX) CONTACT Will Dix Chief Executive Officer will.dix@belararox.com.au Paul Berson Corporate Storytime paul@corporatestorytime.com www.belararox.com.au This presentation has been authorised for release by the Board of Directors. 18
Slide 19: Disclaimer
Disclaimer Belararox Limited (”The Company”) does not purport to give financial or investment advice. No account has been Shares in the future. All securities transactions involve risks, which include (among others) the risk of adverse or taken of the objectives, financial situation or needs of any
Slide 20: Competent Person Statements
Competent Person Statements Competent Person Statement Mr Chris Blaser is the Exploration Manager of Belararox Ltd and is a Competent Person who is a Member of the Australasian The information in this announcement that relates to KCB Project is extracted from ASX announcements listed below and Insti
Slide 21: Copper: Structural Supply Deficit Meets Surging Multi-Sector Demand
Copper: Structural Supply Deficit Meets Surging Multi-Sector Demand Demand Drivers Global Cooper Market: 2035 Projection o AI data centres forecast to consume an average of 400,000 tonnes of copper per year over the next decade, contributing to a projected 6 million-tonne global supply shortfall by
Slide 22: Company Projects Overview
Company Projects Overview Toro-Malambo-Tambo (TMT) Project Located in the San Juan Province of Argentina, the project spans over 320 km2 and is located in an underexplored gap between two world- class metallogenic belts, the El Indio and Maricunga belts in the Central Andes. These world-class metall