Lexington Gold Ltd. · LSE:LEX
Lexington Gold — Investor Presentation (June 2026)
14 slides from Lexington Gold's investor presentation, June 2026
Slide 1: Lexington Gold: South African Projects
LEXINGTON GOLD South African Projects Unlocking World-Class Gold in the Witwatersrand Basin 6.02 >37 4 AIM: LEX OTCQB: LEXLF Moz Gold JORC Resource Moz Gold Potential Active SA Projects Market Cap: ~£18m Shares: 473.8m June 2026
Slide 2: Company Snapshot
COMPANY SNAPSHOT Lexington Gold Ltd | AIM: LEX ABOUT THE COMPANY MAJOR SHAREHOLDERS Gold exploration & development company listed on AIM (LEX) Pure Ice Ltd (Family Office) and OTCQB (LEXLF). 19% Acquired White Rivers Exploration (WRE) in September 2023 — Mark Creasy (Forbes-listed prospector) major
Slide 3: South African Portfolio Overview
SOUTH AFRICAN PORTFOLIO OVERVIEW Witwatersrand Basin The Witwatersrand Basin — the world's largest gold district — has yielded over 2 billion ounces since 1886. An estimated 1.2 billion ounces remain. Lexington's South African portfolio sits at the heart of this endowment. JELANI RESOURCES JV BOTHAV
Slide 4: Jelani Resources JV with Harmony Gold
JELANI RESOURCES JV with HARMONY GOLD FLAGSHIP PROJECT RESOURCE SUMMARY KEY FACTS & PROGRESS Total JORC Resource 6.02 Moz @ 6.47 g/t Au JV structure: WRE 65% / Harmony 35% (pre-mine decision) Buffer Zone (Harmony Mining Licence) Post BFS: WRE 49% / Harmony 51% 4.88 Moz @ 6.48 g/t Au Adjacent to Harm
Slide 5: Jelani JV: Mining Right Application Formally Accepted
JELANI JV — MINING RIGHT APPLICATION FORMALLY RNS | 1 June 2026 ACCEPTED JELANI JV — JORC RESOURCE Total JORC (2012) Resource 6.02 Moz @ 6.47 g/t Au KEY MILESTONES Buffer Zone (Harmony's Mining Right) 4.88 Moz @ 6.48 g/t 21 April 2026 Mining Right application lodged with DMPR under s.22 MPRDA — ahea
Slide 6: Jelani JV: Structure & Path to Production
JELANI JV — STRUCTURE & PATH TO PRODUCTION POST BANKABLE PRE-MINING DECISION FEASIBILITY STUDY WRE Harmony WRE Harmony (via Lexington) Gold (HMY) (via Lexington) Gold (HMY) 65% 35% 49% 51% → BFS / Jelani Resources Decision to Jelani Resources JV Entity Mine JV Entity Mining Right Water Use BFS / Pro
Slide 7: Bothaville Project
BOTHAVILLE PROJECT Free State | A-Reef Target MAIDEN JORC EXPLORATION TARGET PROJECT HIGHLIGHTS 16 – 30 Mt 2,355m percussion & diamond drilling completed 2024, targeting A-Reef within Kimberley Formation Million Tonnes 8 intersections of A-Reef confirmed — validates presence at 3.26 – 6.03 g/t Au sh
Slide 8: Kroonstad Project
KROONSTAD PROJECT Free State | Emerging New Goldfield UP TO CURRENT WORKSTREAMS 62 Moz 3D Geological Modelling Currently investigating upgrading of the independent estimations to JORC compliant standard Non-JORC Gold Potential Phase 1 Drilling Design Designing drilling programme to test and validate
Slide 9: Ventersburg Project
VENTERSBURG PROJECT Free State | Strategic Location 1.39–3.55 Moz 2.82–3.44 g/t Non-JORC but independently estimated Exploration Target Grade Range (Au) Targeting A-, B- and C-Reefs of the Central Rand Group Independent technical report, Dec 2024 (Shango Solutions) Reef depth starting at 350m STRATE
Slide 10: South African Resource Summary
SOUTH AFRICAN RESOURCE SUMMARY Project Classification Resource/Target Grade (g/t Au) Contained Gold Jelani JV JORC (2012) ~14.2 Mt (WRE) 6.47 g/t Au 6.02 Moz total Bothaville JORC Exploration Target 16–30 Mt 3.26–6.03 g/t 1.68–5.82 Moz Kroonstad Independent Estimation — 4.96–11.54 g/t 6–62 Moz Vente
Slide 11: Investment Case
INVESTMENT CASE World-Class Partnership Significant Resource Base Major Regulatory Milestone JV with Harmony Gold — SA's largest gold Mining Right application formally accepted by 6.02 Moz JORC at Jelani (6.47 g/t) + up to 5.82 Moz producer. >US$1.5B sunk infrastructure. Mining DMPR June 2026 — tenu
Slide 12: The Witwatersrand: World's Greatest Gold District
THE WITWATERSRAND: WORLD'S GREATEST GOLD DISTRICT "The history of gold for a century after 1886 is the history of South Africa" — Duncan Money, Stellenbosch Institute for Advanced Study, 2024 ~40% 2 Billion oz 1.2 Billion oz Approximately 40% of all gold ever mined Produced from the Witwatersrand ov
Slide 13: Why South Africa: The Investment Case
WHY SOUTH AFRICA: THE INVESTMENT CASE Infrastructure — Best in Africa Electricity — Crisis Resolved No Mine Nationalisation — Ever • 800 operating mines; 4 major export ports; dedicated • 300 consecutive days without loadshedding as at 12 • ANC formally rejected nationalisation at 2012 bulk rail & r
Slide 14: Important Notices & Disclaimer
IMPORTANT NOTICES & DISCLAIMER Forward-Looking Statements: This presentation contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those expressed or implied. Mineral Resources: JORC-compliant Mineral Resource and Exploration Target figur