Yari Minerals Limited · ASX:YAR

Yari Minerals — Investor Presentation (February 2022)

16 slides from Yari Minerals's investor presentation, Feb 28, 2022

  1. Slide 1: Marketing Presentation

    MARKETING PRESENTATION FEBRUARY 2022 consolidatedzinc.com.au 1|

  2. Slide 2: Important Information

    IMPORTANT INFORMATION FORWARD-LOOKING STATEMENTS AND INFORMATION The stated production target is based on the Company’s current expectations of future results or events and should not be solely relied upon by investors when making investment This report contains forward looking statements and forwar

  3. Slide 3: CZL Corporate Overview

    CZL CORPORATE OVERVIEW CAPITAL STRUCTURE Share price A$0.025 Market Capitalisation A$7.5M CONSOLIDATED ZINC LTD Shares on Issue 301,357,813 Quoted Options on Issue (CZLOB) 68,118,988 Unquoted Options/Performance Rights 8,749,999 Cash, Receivables & Inventory (31/12/21) US$2.4M Debt (31/12/2021) US$0

  4. Slide 4: Mexico & Chihuahua State Mining

    MEXICO & CHIHUAHUA STATE MINING • Mexico is a top 10 producer in 17 minerals • 1st in silver, 6th in zinc, 8th in gold, 9th in copper • Mining represents 2.5% of GDP • Chihuahua is the second mining state in Mexico • Investment in mining in Mexico ranks fifth behind, Canada, Australia, United States

  5. Slide 5: Plomosas Overview

    PLOMOSAS OVERVIEW • Mineralised structure extends along • Mined 2.2mt between 1947-1974 at 7km of manto structure at surface 17% Zinc and 5.5% Lead • Exploration has assessed only 600m • Mining rates up to 185,000tpa in 1974 strike to a depth of 400m. prior to closure • Identified exploration potent

  6. Slide 6: Plomosas Mine

    PLOMOSAS MINE • Independent valuation of mine estimated NPV >$30m • Acquired 2014, mining commenced 2018 • Acquisition $5m • Exploration $12m • Development $3m • Ongoing capital $1.5m • 2022 budget EBIT >US$8m, >US$0.5m/month • Battery metals strong price expected through 2022 • C1 costs for 2022 ex

  7. Slide 7: Plomosas - Milestones to Full Control of Production

    PLOMOSAS - MILESTONES TO FULL CONTROL OF PRODUCTION July 2018 Plomosas mine recommissioning 2022 TARGET approved 2021 Plomosas Plant at April - Plomosas 4,500 tpm September Plant first production Contract mining 2020 commenced December 90% ownership of 2019 January 2020 Plomosas Mine Owner mining co

  8. Slide 8: Plomosas Mine – Attributes

    PLOMOSAS MINE – ATTRIBUTES • One of the highest grade zinc, lead & silver mines globally • Close proximity to infrastructure and services • Only 8% of the surface strike has been explored • Current resources > 6 years of operations • Mining up to 185,000tpa, two shafts producing • Exploitation grade

  9. Slide 9: Plomosas Mine – Production History

    PLOMOSAS MINE – PRODUCTION HISTORY Year Mined Processed Zinc Sold Lead Sold C1 Cost 2019 43,721t 44,097t 3,243t 769t $1.13/lb Zn sold 2020 33,416t 29,527t 2,309t 710t $1.03/lb Zn sold 2021 33,002t 31,695t 2,442t 599t $1.38/lb Zn sold Plomosas flotation plant 150tpd consolidatedzinc.com.au 9| 9

  10. Slide 10: Exploration Upside Around Mine

    EXPLORATION UPSIDE AROUND MINE • 2mt tailings dam at 4% Zinc • (88,000t Zinc) Northern Anomaly • Alfonsitos exploration potential Average grade Mina Mexico mined 22% Zinc • from surface open ended 4 3 2 1 Central Anomaly • Mina Mexico exploration potential • from surface open ended • Southern anomal

  11. Slide 11: Mina Mexico & Alfonsito Exploration Targets

    MINA MEXICO & ALFONSITO EXPLORATION TARGETS Mina Mexico • Potential 130m x 10m x >100m deep from surface • Surface mining target • Discovered in the early 1900’s • Historical average grade mined 22% zinc • Mineralisation wider at depth, drill ready target Mina Mexico Stopes near surface Alfonsitos 1

  12. Slide 12: Exploration Upside at Plomosas Mine

    EXPLORATION UPSIDE AT PLOMOSAS MINE Depth extension to L10 L7 awaits dewatering to access for grade control drilling Depth extension above L10 T Mineralised block at +25% zinc in A the Tres Amigos plus 30,000t stope 22% Zinc stope with 40,000t C requires grade control drilling – S adjacent to Carola

  13. Slide 13: Exploration Upside Plomosas North of La Cata Fault

    EXPLORATION UPSIDE PLOMOSAS NORTH OF LA CATA FAULT • Las Espadas possibly the north extension of Level 7 Resource north of the La Cata fault open ended potential • Lagos possibly Tres Amigos extension north of the La Cata fault U/G open ended potential • Juarez North extension possibly Juarez extens

  14. Slide 14: JORC (2012) Mineral Resource as Depleted December 2020

    JORC (2012) MINERAL RESOURCE AS DEPLETED DECEMBER 2020 Indicated Mineral Resource Prospect Tonnes %Zn %Pb g/t Ag Zn tonnes Pb tonnes Ag oz Level 7 72,000 19.4 9.3 57.0 14,000 6,700 132,600 Tres Amigos 42,000 7.7 2.3 12.0 3,300 1,000 16,200 Tres Amigos North 38,000 7.8 3.6 13.1 2,900 1,400 15,800 Sub

  15. Slide 15: Environment, Social & Governance

    ENVIRONMENT, SOCIAL & GOVERNANCE Providing water to long-term residents in Chihuahua Desert Waste management for local community Falomir Respect at work, Land use sharing, Staff counselling Sustainable projects with Falomir mayor, evaluation of solar power Ethical business practices, Respecting Huma

  16. Slide 16: consolidatedzinc.com.au

    ~— Cheonsounstenzncua ©) CONSOLIDATEDZINC LTD

Yari Minerals — Investor Presentation (February 2022) on 6ix