Vantage Metals Limited · ASX:VAN
Vantage Metals — Belararox — Investor Presentation (February 2026)
20 slides from Vantage Metals's investor presentation, February 2026
Slide 1: Investor Presentation
Investor Presentation February 2026 Targeting Tier-1 Copper Discoveries in San Juan, Argentina and Botswana’s Kalahari Belt
Slide 2: Corporate Overview
Corporate Overview CAPITAL STRUCTURE BOARD OF DIRECTORS Mr Warburton has over 45 years of experience in corporate and operating large mining Share Price* A$0.073 Mr. Neil Warburton companies and is a graduate of the Western Australia School of Mines. He is a Fellow of Non-Executive Chairman the Aust
Slide 3: Investment Highlights
Investment Highlights TMT Project (Argentina) KC Project (Botswana) Highly prospective 320 km² landholding with District-scale (4,268 km²) landholding targeting significant copper/gold porphyry targets and sediment-hosted copper strategically surrounded epithermal targets identified by global majors
Slide 4: Summary: Two Copper Projects on the Cusp of Discovery
Summary Two Copper Projects on the Cusp of Discovery Prime ground in world-class copper belts San Juan (Argentina) & KCP (Botswana) surrounded by Tier 1 miners TMT (Argentina) Drilling commenced at Toro South and Toro Central KCP (Botswana) Drilling to commence in April 2026 Proven team with a disco
Slide 5: TMT Project – Drilling Commenced - San Juan Province Argentina
TMT Project – Drilling Commenced - San Juan Province Argentina Belararox is prioritising capital efficient, shallow Chile epithermal exploration at Toro Central to deliver near- Argentina term discovery success, while preserving the upside of VICUÑA DISTRICT – BHP/Lundin (Filo del Sol and Josemaria,
Slide 6: TMT Project - Three High Priority Targets
TMT Project - Three High Priority Targets Toro South Toro Central • Drilling ongoing • Drilling ongoing testing testing shallow Cu- shallow Ag-Au-Cu Au-Ag epithermal epithermal target target over deeper Discovery • Historical drilling and a Cu porphyry target 1000m x 500m surface • 1.5 x 1km surface
Slide 7: TMT Project Update
TMT Project Update Picture taken from the TMT camp ~3300m asl, looking south towards the Toro South target 7
Slide 8: Toro Central - Drilling
Toro Central - Drilling • Mineralisation from historical drilling and more recent surface sampling is characterised by Au-Ag-Cu-Pb-Zn- ARRLSDD0003: 22m @ 41.2ppm Ag, 0.31ppm Au, bearing (intermediate-sulfidation) mineralisation and 0.24% Cu, 1.25% Zn from 10m TMT-TC-DDH-003: appears to be structural
Slide 9: Toro South – Epithermal and Porphyry Targets
Toro South – Epithermal and Porphyry Targets • Drilling testing 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, showing planned
Slide 10: Tambo South – Drill results May 2025
Tambo South – Drill results May 2025 • First pass drilling at Tambo South intersected multiple copper mineralised intervals • Mineralised zones at Tambo South remain open laterally and at depth • Geophysical IP/MT surveys completed • Advanced 3D interpretation ongoing integrating geophysical data wi
Slide 11: Investment Highlights - KCP: Exploring for Copper Giants
Investment Highlights - KCP EXPLORING FOR COPPER GIANTS IN THE LAND OF ELEPHANTS KC Project (100% BRX) Proven Track Record Poised to Deliver Significant Growth • Kalahari Copper project in • Proven exploration team with a • Kalahari Copper Belt has the highest Botswana - A region hosting successful
Slide 12: Kalahari Copper Project
Kalahari Copper Project Highlights • Project located in the prolific Kalahari Copper Belt in Botswana • 16 tenements covering 3,689 km2 of land in prospective areas • Targeting sediment-hosted copper deposits • Tenements along strike of known copper-silver mineralisation • AUD 22.1B Market Cap • Con
Slide 13: Botswana – Attractive Mining Jurisdiction
Botswana – Attractive Mining Jurisdiction 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 Australia 76 A3 Moody’s ratin
Slide 14: Tenement Ranking
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 East 11 PL2742 Somelo North 12 PL0084 Kuke West 13
Slide 15: 2026 Exploration Plan
2026 Exploration Plan Aerial Electromagnetic Survey (AEM) • Locate carbonaceous marker horizon • Develop drill targets in northern tenements PL2743, PL0773 and potentially PL0299 Drilling • 2500m drilling program to test targets in PL0770 and those identified from AEM Survey (Indicative targets high
Slide 16: Key Activities and Timeline
Key Activities and Timeline TMT PROJECT - ARGENTINA Sep Oct Nov Dec Jan Feb Mar Apr May Jun Civils Geophysics - IP and MT Drilling - Toro South and Toro Central Assays KC PROJECT - BOTSWANA Jan Feb Mar Apr May Jun Jul Aug Oct Nov Dec AEM Geophysics 2743/773 Drilling PL770 and AEM targets Assays EXCI
Slide 17: Upcoming News Flow
Upcoming News Flow TMT Project (Argentina) KCP Project (Botswana) • Drilling commenced at Toro South – ongoing • AEM survey to commence – March • 2nd rig to continue drilling Toro Central – early March • Drilling to commence – April to late April • Assays expected – June • Assay results hole 1 and 2
Slide 18: Thank You & Questions
Thank You & Questions Belararox Limited (ASX:BRX) Chris Gale Executive Director chris.gale@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