Lightning Minerals Limited · ASX:L1M
Lightning Minerals — Investor Presentation (July 2026)
19 slides from Lightning Minerals's investor presentation, Jul 29, 2026
Slide 1: Unlocking a New District-Scale Gold System with Emerging Tungsten Upside
For personal use only Unlocking a New District-Scale Gold System with Emerging Tungsten Upside Investor Roadshow ASX:L1M | July 2026 Lightning Minerals Limited (ASX:L1M) | Investor Presentation | 1
Slide 2: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER This presentation has been prepared by Lightning Minerals Ltd ACN 656 005 122 (‘Company’) to provide No representation or warranty, express or implied, is given as to the fairness, accuracy, completeness, readers with background information only to obtain a general un
Slide 3: Why Invest in L1M / Near Term Catalysts
WHY INVEST IN L1M Near Term Catalysts Cornerstone asset, Mt Turner Project (QLD) 1, 2 Mt Turner Emerging district-scale gold discovery, 100% owned, 14km mineralised corridor with multiple targets along strike Phase 2 Drilling For personal use only Diamond drilling program Highly focused strategy 1,
Slide 4: Corporate Snapshot
CORPORATE SNAPSHOT For personal use only Board of Directors Key Management Corporate Structure Shares on issue2 Troy Brice Justyn Stedwell ~380m CEO and Managing Director Company Secretary Share price1 $0.014 David Vilensky Andrew Lambert Cash2 ~$1.43M Non-Executive Chairman Exploration and Corporat
Slide 5: Positioned in a Tier-1 Gold District
POSITIONED IN A TIER-1 GOLD DISTRICT For personal use only QLD projects sit in the Surrounded by Tier-1 Kennedy Igneous Gold Endowment Association The district is ringed by major An underexplored igneous producing and historical gold province that hosts multiple multi- systems including Kidston mill
Slide 6: Mt Turner – Multiple Key Targets
MT TURNER – MULTIPLE KEY TARGETS The Drummer Fault is our first target that helps unlocks the Mt Turner Project 1,2,4. For personal use only Our Mt Turner Project • District Scale potential (Au and Cu) across multiple key targets • Drummer Fault target is up to 14 km mineralisation zone containing h
Slide 7: Mt Turner – Exploration Model
MT TURNER – EXPLORATION MODEL Key exploration data reveals a district scale geological system. Mt Turner For personal use only • Potentially hosts multiple Porphyry derived targets from a Back Arc system. • Resembles global peers both on scale and multi commodity potential, e.g. Dexing Copper mine i
Slide 8: Mt Turner – Exploration Model
MT TURNER – EXPLORATION MODEL Key exploration data reveals the likelihood of a prospective and district scale geological system. For personal use only Mt Turner resembles classic Back Arc Cu-Mo Systems • That include epithermal gold mineralisation within a classic copper-Mo porphyry domain • Our tar
Slide 9: Mt Turner - Building on Drilling Success
MT TURNER- BUILDING ON DRILLING SUCCESS Drummer Fault - Phase 2 Drilling potentially unlocks the value of eastern section of the Drummer Fault. For personal use only Drummer Fault represents a ~14km mineralised corridor across the Georgetown Inlier with extensive known gold mineralisation and a 100%
Slide 10: Mt Turner - Drummer Fault Target
MT TURNER- DRUMMER FAULT TARGET Phase 2 Drilling: Building on Phase 1 Success (2025) For personal use only Phase 2 Drilling: Building on Phase 1 Success (2025) • Phase 3 drilling to test 5 targets across Pit 2 and Pit 3 on the Drummer Fault • Designed to extend known mineralisation between these his
Slide 11: Warby Tungsten – Emerging Tungsten Exposure
WARBY TUNGSTEN Emerging Tungsten Exposure Tungsten’s Turn For personal use only • Tungsten prices up sharply over 18 months, driven by defence, semiconductors and clean energy demand • China controls ~80% of global supply. Export curbs are pushing the West to secure new sources • Warby sits in the s
Slide 12: Warby Tungsten - High Grade Potential
WARBY TUNGSTEN- HIGH GRADE POTENTIAL High grade tungsten confirmed across a 2km corridor 3. • 100% owned, sitting in North Queensland's O'Briens Creek For personal use only Supersuite, a recognised tin-tungsten province • Rock chips assayed up to 5% W, with 10 of 14 samples above 1% W • Mineralisati
Slide 13: Warby Tungsten
WARBY TUNGSTEN Early exploration indicates a potential wolframite vein swarm with significant potential. • Quartz wolframite vein swarm associated with granite For personal use only apophyses near contact with batholith size granite intrusive - classic setting for significant size quartz-wolframite
Slide 14: Warby Tungsten
WARBY TUNGSTEN Preliminary rock chip grab samples and mapping, indicate Tungsten potential. For personal use only ID 6667 Coordinates 189513mE 8027795mN ID 6668 Coordinates 189659mE 8027877mN ID 6618 Coordinates 189215mE 8028196mN Acicular sprays of wolframite (variety Crystalline Wolframite (ferber
Slide 15: 2026–2027 Exploration Roadmap
2026–2027 Ranked Target Pipeline Creates Catalyst for Growth EXPLORATION ROADMAP COMMODITY / LOCATION PROJECT 2026 — DE-RISK & DEFINE 2027 — DRILL & GROW • High-grade W in rock chips confirmed • Recon soil and drainage completed TUNGSTEN FNQ Warby W • Ready for Phase 1 drilling For personal use only
Slide 16: Investment Highlights
INVESTMENT HIGHLIGHTS For personal use only District-Scale Gold Active Drill Pipeline Emerging Tungsten Exposure 14km mineralised trend at Phase 2 drilling underway at Mt Warby Tungsten emerging as a key Mt Turner emerging as a district- Turner in 2026, with Warby opportunity, with widespread surfac
Slide 17: Key References to Previous ASX Announcements
KEY REFERENCES TO PREVIOUS ASX ANNOUNCEMENTS [1] ASX Announcement: 17 November 2025, Final Assays Confirm Extension of Gold System at Mt Turner [2] 11 December 2025 Aggressive Growth Strategy for Mt Turner Gold Project [2] 16 April 2026 - Strategic Reset and Portfolio Simplification to Gold and Copp
Slide 18: Contact
For personal use only Authorised by the Board of Directors Contact Lightning Minerals Ltd (ASX: L1M) Corporate Storytime Troy Brice Paul Berson Managing Director Investor & Media Relations Phone +61 8 9429 8806 Phone +61 421 647 445 admin@lightningminerals.com.au paul@corporatestorytime.com LIGHTNIN
Slide 19: Appendix: All Projects
Appendix: All Projects QLD For personal use only Lightning Minerals Core Focus controls 9 gold-copper Mt Turner projects in Australia Warby Scardon Secondary Project Secondary Project Boree Creek Mailman Hill Additional Projects Additional Projects Manildra, Burdett, Mt Bartle Corryong, Gundagai WA
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