Alicanto Minerals Ltd · ASX:AQI
Alicanto Minerals — PDAC 2026
24 slides from Alicanto Minerals's conference presentation, Mar 2, 2026
Slide 1: A Brownfields gold exploration opportunity with ready-made scale and abundant upside
For personal use only A Brownfields gold exploration opportunity with ready-made scale and abundant upside PDAC 2026 1-4 March 2026
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Alicanto Minerals Limited (“Alicanto” or the “Company”) and is authorised by the Board of Directors of Alicanto. General Information & Disclaimer This presentation is for information purposes only and does not constitute a prospectus, offering memora
Slide 3: Alicanto: Investment Highlights
Alicanto: Investment Highlights • Proven Team Focused on Value Creation • Alicanto is part of the “Richardson Street stable” with a strong track record of identifying, drilling and re-rating under-explored, For personal use only brownfields assets. • Acquired an Asset in a Tier-1 Location • ~200km f
Slide 4: Mt Henry: A Large, Underexplored Western Australian Gold Project
Mt Henry: A Large, Underexplored Western Australian Gold Project Mt Henry is a large, shallow Western Australian gold project with clear For personal use only pathways to resource growth and standalone development Scale and Quality Pathway to Standalone Development • Large, shallow gold system in a
Slide 5: Proven team with a history of creating significant value
Proven team with a history of creating significant value For personal use only Ray Shorrocks Duncan Grieve Didier Murcia AM Russell Curtin Steve Parsons Michael Naylor Non-Executive Non-Executive Non-Executive Non-Executive Major Shareholder Major Shareholder Chair Director Director Director and Con
Slide 6: Mt Henry Gold Project - A District Scale Gold System
Mt Henry Gold Project - A District Scale Gold System Mt Henry Deposit Selene Deposit North Scotia Target 16km Regional Gold Trend 2km strike length 1km strike length 400m strike length 16km strike potential For personal use only Ave drill depth ~35m Ave drill depth ~90m Ave drill depth ~65m Ave dril
Slide 7: An Expandable 0.9Moz Resource in a Tier-1 Gold District
An Expandable 0.9Moz Resource in a Tier-1 Gold District Mungari KCGM Evolution Mining Northern Star Kanowna 7.2 Moz 38.9 Moz Northern Star 5.9 Moz The Norseman Greenstone Belt is a highly endowed gold belt Kundana East Mt Monger host to multiple long-life, multi-million-ounce operations For personal
Slide 8: Alicanto Corporate Summary
Alicanto Corporate Summary Global Institutional Investor Base For personal use only CAPITAL STRUCTURE Shares on issue ~161.9M • High-quality and expanding institutional investor base: Share price1 A$2.29 Globally recognised resources investors, senior mining Market Capitalisation ~A$371M executives
Slide 9: Project Overview
For personal use only Project Overview 9
Slide 10: Outstanding Infrastructure, in a Proven Mining District
Outstanding Infrastructure, in a Proven Mining District Norseman • Located in a well-established WA gold district For personal use only • 210km from Kalgoorlie with access to airport, services and workforce • Direct access via sealed Esperance-Kalgoorlie Highway • Grid power available and licensed b
Slide 11: BIF-hosted, structurally controlled gold
BIF-hosted, structurally controlled gold • A large-scale Archean BIF-hosted gold system, a deposit style For personal use only known for scale, continuity and long mine life • 915koz gold Resources across Mt Henry (232koz), Selene (651koz) and North Scotia (12koz), along a 16km BIF strike. Mt Henry
Slide 12: Scratching the Surface on a Major Gold Trend
Scratching the Surface on a Major Gold Trend • 16km continuous gold mineralization along BIF trend with significant drill hits along the entire strike • Historic drilling largely limited to ~150m depth with shallow pits to ~50–90m (Mt Henry only) For personal use only • Multiple deposits already def
Slide 13: Selene Gold Deposit - Immediate Resource Growth
Selene Gold Deposit - Immediate Resource Growth Cross 40.0m @ 2.0 g/t gold 500m 50.0m @ 1.8 g/t gold section 60.0m @ 1.7 g/t gold 44.0m @ 2.4 g/t gold 8.0m @ 10.0 g/t gold 52.0m @ 2.0 g/t gold For personal use only 59m @ 1.2 g/t gold 37m @ 1.1 g/t gold Long section looking East Legend Drill Composit
Slide 14: Mt Henry Gold Deposit - Immediate Resource Growth
Mt Henry Gold Deposit - Immediate Resource Growth 6.0m @ 609.9 g/t gold North Cross Long section looking East 19.0m @ 9.0 g/t gold 45.0m @ 2.1 g/t gold section 39.0m @ 5.2 g/t gold 18.0m @ 16.4 g/t gold 64.0m @ 3.9 g/t gold 20.0m @ 3.0 g/t gold For personal use only 44m @ 1.3 g/t gold 24m @ 1.3 g/t
Slide 15: North Scotia - Immediate Resource Growth
North Scotia - Immediate Resource Growth Cross section 200m 3.0m @ 32.8 g/t gold 18.0m @ 9.8 g/t gold For personal use only 4.0m @ 25.4 g/t gold Long section looking East 22m @ 0.5 g/t gold OPEN 7m @ 22.2 g/t gold 14m @ 5.7 g/t gold OPEN Legend Drill Composites >0.5 g/t Au >1.0 g/t Au 6m @ 5.5 g/t g
Slide 16: Limited Historical Investment, Strong Gold Price Leverage
Limited Historical Investment, Strong Gold Price Leverage Under-drilled through multiple cycles Drill metres completed* vs gold price 26,000 8,000 For personal use only • Only ~150,000m drilled in the past ~30 years. On average, Spot Gold ~5,000m drilled each year across the 16km gold trend (A$/oz)
Slide 17: First Multi-Rig Program In Years
First Multi-Rig Program In 25 Years Program status • First comprehensive multi-rig campaign in 25 years commencing For personal use only • Alicanto is transitioning from acquisition into execution Stage 1 Rig Fleet • DDH1 diamond rig mobilising to site • Second diamond rig and an RC rig to follow •
Slide 18: Case Studies: Resource Growth via Modern Drilling
Case Studies: Resource Growth via Modern Drilling Modern drilling has consistently unlocked significant resource growth and market re-ratings in underexplored assets. For personal use only Resource Growth Market Capitalisation Current Market Company Asset Since Acquisition on Completion Capitalisati
Slide 19: Large-Scale Drill Program to Unlock District-Scale Growth
Large-Scale Drill Program to Unlock District-Scale Growth 50,000m, multi-rig program designed to deliver sustained news flow in 2026 For personal use only 2026 Q1 Q2 Q3 Q4 Mt Henry Project Acquisition Growth drilling - main areas 16km trend exploration drilling Resource Update Geology Review and Tar
Slide 20: A Large Gold System Poised for Substantial Growth
A Large Gold System Poised for Substantial Growth A brownfields gold system in WA, poised for growth at a time when ounces really matter. • Large, proven gold system For personal use only • 915Koz already defined across multiple deposits within a16km mineralised trend • Scale is yet to be tested • D
Slide 21: Contact details
For personal use only (ASX:AQI) REGISTERED Level 2, 8 Richardson Street OFFICE West Perth WA 6005 PHONE +61 (0) 8 6279 9425 EMAIL info@alicantominerals.com.au WEBSITE www.alicantominerals.com.au
Slide 22: Current Mineral Resource Estimate: Mt Henry Project
Current Mineral Resource Estimate: Mt Henry Project Measured Indicated Inferred TOTAL For personal use only Tonnes Grade Gold Tonnes Grade Gold Tonnes Grade Gold Tonnes Grade Gold (kt) (g/t Au) (koz Au) (kt) (g/t Au) (koz Au) (kt) (g/t Au) (koz Au) (kt) (g/t Au) (koz Au) 11,907 1.2 444 10,172 1.2 37
Slide 23: Appendix: Norseman Greenstone Belt
Appendix: Norseman Greenstone Belt Company Project Measured Resource Indicated Resource Indicated Resource Total Resources Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Au Contained (Mt) Au (g/t) Au (Moz) (Mt) Au (g/t) Au (Moz) (Mt) Au (g/t) Au (Moz) (Mt) (g/t) Au
Slide 24: Appendix: Case Studies
Appendix: Case Studies Company (Project) Project Resource Measured Resource Indicated Resources Inferred Resources Total Resources Status date Tonnes Grade Contained Tonnes Grade Au Contained Tonnes Grade Au Contained Tonnes Grade Au Contained (Mt) Au (g/t) Au (koz) (Mt) (g/t) Au (koz) (Mt) (g/t) Au