Lowell Resources Funds Management Ltd · ASX:LRT
Lowell Resources Funds Management — Lowell Resources Fund — Investor Presentation (July 2025)
23 slides from Lowell Resources Funds Management's investor presentation, Jul 23, 2025
Slide 1: Lowell Resources Fund Presentation July 2025
LOWELL RESOURCES For personal use only FUNDS MANAGEMENT LOWELL RESOURCES FUND PRESENTATION JULY 2025 400 350 300 250 200 150 100 50 ABN 36 006 769 982 AFSL 345674
Slide 2: Disclaimer
Disclaimer Important Notice • This presentation does not constitute investment advice. Neither this presentation nor the information contained in it constitutes an offer, For personal use only invitation, solicitation or recommendation in relation to the purchase or sale of units or shares in any ju
Slide 3: Lowell Resources Fund
Lowell Resources Fund For personal use only 1. LRT 3
Slide 4: Fund Summary
Fund Summary Characteristics of the Lowell Resources Fund For personal use only Nature of Fund • Long only, ungeared fund Investee • Small mining & energy companies, predominantly in the exploration phase Companies offering major growth potential Investment • Predominantly listed equities globally T
Slide 5: The Lowell Resources Fund - Summary
The Lowell Resources Fund - Summary Focused on generating strong absolute returns For personal use only 4.5 in the junior resources sector LRT 10 Year Total Return Managed by LRFM since 2004, Listed on ASX in March incl distributions Rebased to 100 2018 (LRT:ASX) 3.5 Exposure to the junior resou
Slide 6: Our Strategy: Investing in Exploration Stage
Our Strategy: Investing in Exploration Stage Capitalising on value accretion: optimal stage For personal use only Drill out / Resource Feasibility & Production Expansion Reserves LRT TARGET INVESTMENT STAGE Share Price Commissioning Financing Discovery Construction Exploration Time Leverage: miles
Slide 7: LRT ASX discount to NAV vs LIV Peers
LRT ASX discount to NAV vs LIV Peers For personal use only Source Bell Potter 7
Slide 8: LRF Existing Portfolio Snapshot as at June 2025
LRF Existing Portfolio Snapshot as at 30 June 2025 LRF Portfolio focus on Gold, Australia and the Exploration and Development stage For personal use only Battery Manganese REE 2% 1%Metals Uranium Base 1% COMMODITY EXPOSURE Portfolio Value by Project Stage Nickel 2% 1% 40% Silver2% O&G 4% 30% 5% Cash
Slide 9: Investment Committee
Investment Committee Members For personal use only Stephen Mitchell, Investment Committee Member Mr Mitchell began his career as a natural resources specialist at investment banks and advisory firms in the US and Australia. From 1999- 2011 he was Managing Director of Molopo Energy Ltd, an ASX-listed
Slide 10: Lowell Resources Fund Performance
Lowell Resources Fund Performance For personal use only S&P/ASX Small ASX Resources 300 Total Portfolio Performance LRT Change in NAV per Resources Accumulation ASX 200 Index Index to 30 June 2025 unit incl distributions Index (XSRAI) (Total Return) (Total Return) 12 months 37.4% 20.3% -3.3% 13.8% 2
Slide 11: Drilling Deeper Webinars
Drilling Deeper Webinars 1st Friday of each month at 12pm AEST Next Webinar – Friday 1st August Catch up For personal use only Register at www.lrfm.com.au Watch at www.lrfm.com.au 11
Slide 12: Main Holdings plus Up and Comers
Main Holdings plus Up and Comers For personal use only 3. LRT Portfolio 12
Slide 13: Top Positions
Top 10 Positions LRT Portfolio at 30 June 2025 For personal use only Portfolio Code Company Commodity Market Cap Comment Weight 1.7Moz in WA Goldfields: M&A or standalone AAR Astral Resources Gold 5.1% $224m development FVL.TSXV Freegold Ventures Gold 4.7% CAD$614m Alaskan project bigger than Hemi (
Slide 14: LRT Investment Acquisitions in June
LRT Investment Acquisitions in June LRT Portfolio Additions June 2025 For personal use only Code Company Commodity Market Cap Comment AAR Astral Resources Gold $224m 1.7Moz in WA Goldfields: M&A or standalone development CRS Caprice Resources Gold $32m Drilling prolific historic goldfield, WA Wide g
Slide 15: The Opportunity – Commodities Undervalued
The Opportunity – Commodities Undervalued Commodities MSCI Index – Dow Jones Index Ratio For personal use only 15 ABN 36 006 769 982 AFSL 345674 LOWELL RESOURCES FUNDS MANAGEMENT
Slide 16: Appendix: Fund Structure and Process
Appendix For personal use only Fund Structure and Process 16
Slide 17: We Invest in Explorers….because Explorers Make the Discoveries
We Invest in Explorers….because Explorers Make the Discoveries Australian Mineral Discoveries by Company Size For personal use only Source: Minex Consulting 80.0% 70.0% 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% Unkown Other Small Major Moderate Junior Producer Company Producer Explorer 2000-2009 2010
Slide 18: Lowell – a Unique Investment Opportunity
Lowell – a Unique Investment Opportunity For personal use only 01 Fund Focus • One of the few investment funds that offers exposure to the junior 01 02 resources sector across Australia and global stock exchanges in unlisted and listed companies 02 Successful track record for 20 years • Superior per
Slide 19: Fee Structure
Fee Structure Gross Asset Value Existing Management Fee For personal use only < $20m $300,000 p.a. plus 0.6% Next $20m - $50m 2.100% Next $50m - $150m 1.600% Next > $150m 1.600% PERFORMANCE FEES (calculated 6 monthly) Benchmark 10% pa Fee rate 17.5% of performance above Benchmark Calculated & Paid 6
Slide 20: Stock Selection
Stock Selection Top down focus Criteria For personal use only Management • Macroeconomics Geographic location • Equity markets 1 Geological setting Resource/ Reserve magnitude • Market sectors Grade, metallurgy • Commodities 2 Stage Infrastructure and market Indicative economics • Re
Slide 21: Our Investment Process
Our Investment Process For personal use only Organisation Due Deal Monitoring Investment Disposal: Existing Diligence: Structuring: and Additional Committee On-market / Network In-house Placement/I Reporting: Investment Approval Trade Sale expertise PO/ on- Up to weekly market LRFM prefers to keep
Slide 22: Application in Portfolio
Application in Equities allocation Portfolio For personal use only Core Manager Core Manager 2 3 Lowell Resources Fund Core Manager (LRT.ASX) 1 Small Caps • There is a compelling case for Lowell Resources Fund to be in an equities portfolio (Australian or Global), as one of the small cap manager all
Slide 23: Contact
Contact For personal use only Investment Responsible Entity Manager LOWELL RESOURCES CREMORNE CAPITAL LIMITED FUNDS MANAGEMENT ACN 006 769 982 ACN 006 844 588 AFSL 345674 AFSL 241175 Address Level 6, 412 Collins Street, Address Melbourne VIC 3000 8 Chapel Street, Tel: (03) 9642 0655 Richmond VIC 312
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