Aumega Metals Ltd · ASX:AAM
Aumega Metals — Investor Presentation (March 2026)
27 slides from Aumega Metals's investor presentation, Mar 2, 2026
Slide 1: Discovering Newfoundland's Next MEGA Deposit
Discovering Newfoundland’s Next MEGA Deposit For personal use only Corporate Presentation aumegametals.com ASX: AAM | TSXV: AUM | OTCQB: AUMMF
Slide 2: Disclaimer and Forward-Looking Statements
Disclaimer and Forward-Looking Statements Disclaimer and Forward-Looking Statements This presentation is not a prospectus nor an offer to sell, nor a solicitation of an offer to buy, securities for subscription or sale in any jurisdiction nor a securities recommendation. The information in this pres
Slide 3: Newfoundland: A Proven Belt Entering Its Discovery Cycle
Newfoundland: A Proven Belt Entering Its Discovery Cycle Canada’s newest multi-billion-dollar gold discovery district For personal use only COMPARABLE TO MAJOR GOLD DISTRICTS Early-stage Abitibi / Victorian goldfields resurgence EMERGING TIER-ONE FRONTIER Infrastructure, workforce and permitting adv
Slide 4: Why AuMEGA. Why Now
Why AuMEGA. Why Now A district-scale gold discovery opportunity with real ounces, growing list of drill targets and strategic & For personal use only institutional backing GOLD RESOURCE (1) M&I Resources: 450 koz Au | Inferred Resources: 160 koz Au (Calculated at US$1,750/oz gold) DISTRICT-SCALE LAN
Slide 5: Upsized Private Placement Financing
Upsized Private Placement Financing (1) Recent capital raise upsized to C$30 million → anchored by Condire Investors For personal use only APPROXIMATELY $30M COMMITTED Strengthens balance sheet and funding runway ANCHORED BY CONDIRE Major US-based resource investment firm, to hold 19.9% of AuMEGA Gr
Slide 6: Trading at Discount to Resource Peers
Trading at Discount to Resource Peers AuMEGA trading well below peers despite defined mineral resource & significant optionality For personal use only Market Capitalisation per Indicated Ounce of Gold (1) $800 RESOURCE ALREADY IN HAND Trading well-below peers with defined mineral resources $700 Mark
Slide 7: AuMEGA Overview
AuMEGA Overview CAPITAL STRUCTURE MINERAL RESOURCES(3) SHAREHOLDER OWNERSHIP(1),(4) For personal use only Institutional B2Gold Board & Management Retail TRADING SYMBOLS AAM AUM AUMMF INFERRED RESOURCES 51% ASX TSXV OTCQB 3.5 Mt @ 1.4 g/t MARKET METRICS for 160 koz Au WORLD-CLASS SHARE REGISTER 10% C
Slide 8: High Quality, Highly Experienced Board & Management
High Quality, Highly Experienced Board & Management Management Board of Directors For personal use only Sam Pazuki Michael Skead Justin Osborne Sam Pazuki Managing Director & CEO President Chair Managing Director & CEO Carol Marinkovich Giles Dodds Nikki Adshead-Bell James Withall Exec. Director & C
Slide 9: 2026 Catalysts – Program Designed for Discovery
2026 Catalysts – Program Designed for Discovery Resource Foundation → High-Conviction Discovery → District Scale For personal use only THE WHAT THE HOW 1 RESOURCE EXPANSION 1 DISTRICT-SCALE LAND PACKAGE Identify opportunities to grow current resource Having a prospective portfolio of projects NEW DI
Slide 10: Cape Ray Project
Cape Ray Project MINERAL RESOURCES1 For personal use only Indicated 6.2 Mt @ 2.25 g/t for 450 koz Au Inferred Resources 3.5 Mt @ 1.4 g/t for 160 koz Au INFORMATION Infrastructure 22-km access road off highway Drive-in, drive-out Port Aux Basques (~4,000 population) Major seaport access TransCanada H
Slide 11: Cape Ray Resource – Underpinning Valuation
Cape Ray Resource – Underpinning Valuation INDICATED MINERAL RESOURCES (1) INFERRED MINERAL RESOURCES (1) For personal use only 6.2 Mt @ 2.25 g/t for 450 koz Au 3.4 Mt @ 1.4 g/t for 160 koz Au Mineral resources calculated in 2023 based on a gold price of US$1,750/oz & excluded silver due to time con
Slide 12: Existing Cape Ray Resource Growth Potential
Existing Cape Ray Resource Growth Potential (1) Several untested areas along strike and down plunge For personal use only 1. News releases dated 8 February 2026 and 29 July 2025 ASX: AAM | TSXV: AUM | OTCQB: AUMMF 12
Slide 13: Cape Ray West – Emerging Intrusive-Related Gold System
Cape Ray West – Emerging Intrusive-Related Gold System (1) System scale footprint that is largely untested For personal use only MULTI-KILOMETRE GOLD TREND Extending for several kilometres, district-scale potential ISLE AUX MORTS GRANITE (IMG) EMERGENCE Previously overlooked and untested target STRO
Slide 14: Isle Aux Morts Granite Significance
Isle Aux Morts Granite Significance (1) Broad, multi-station Cu–Mo–Bi anomaly; reclassifying the IMG from barren to a complex, evolving polymetallic system For personal use only STRONG POLYMETALLIC OCCURRENCE Classic signature of a fertile system REINTERPRETED AS ACTIVE HYDROTHERMAL SYSTEM Not a bar
Slide 15: Bunker Hill Project
Bunker Hill Project INFORMATION For personal use only Location Cape Ray – Valentine Shear Zone Access Logging road located 30 kms from TransCanada Highway; helicopter Scale 104.5 km2 ASX: AAM | TSXV: AUM | OTCQB: AUMMF 15
Slide 16: Bunker Hill Gold Corridors
Bunker Hill Gold Corridors Several large gold corridors identified from the 2025 summer field program (1) For personal use only Gold Targets MULTI-KILOMETRE GOLD TREND (1) Gold corridors emerging in several areas along geophysical structures STRUCTURAL REINTERPRETATION (1) Targeting NW/SE structures
Slide 17: Encouraging Bunker Hill Copper and Base Metals Results
Encouraging Bunker Hill Copper and Base Metals Results (1) For personal use only Copper Lead Zinc Silver 1. News Release 8 January 2026 ASX: AAM | TSXV: AUM | OTCQB: AUMMF 17
Slide 18: Hermitage Gold – Antimony Project
Hermitage Gold – Antimony Project INFORMATION For personal use only Location Hermitage Flexure Access Remote – helicopter Scale 233.5 km2 ASX: AAM | TSXV: AUM | OTCQB: AUMMF 18
Slide 19: Hermitage Gold – Antimony Project Overview
Hermitage Gold – Antimony Project Overview Largest arsenic & antimony anomaly in Newfoundland – with confirmed association with gold For personal use only GEOLOGICALLY AKIN TO MAJOR GOLD BELT Similar geology to world-class Bendigo, Fosterville in Australia, Windfall in Quebec (1) ANOMALOUS STRUCTURA
Slide 20: Hermitage Gold, Silver & Antimony Project
Hermitage Gold, Silver & Antimony Project Largest arsenic & antimony anomaly in Newfoundland – with confirmed association with gold For personal use only GEOLOGICALLY AKIN TO MAJOR GOLD BELT Silver Zone Similar geology to world-class Bendigo, Fosterville in Australia, Windfall in Quebec MULTIPLE HIG
Slide 21: Re-Rating Pathway
Re-Rating Pathway “You’re only one drill hole away” For personal use only VALUE CREATING SCENARIOS POTENTIAL OUTCOMES 1 RESOURCE GROWTH 1 PEER VALUE CONVERGENCE 2 DISCOVERY HOLE 2 RE-RATING 3 DISTRICT EXPANSION 3 POTENTIAL M&A TARGET ASX: AAM | TSXV: AUM | OTCQB: AUMMF 21
Slide 22: Valentine Mine Growth & Evolution
Valentine Mine Growth & Evolution Valentine growth in resources underpinned by exploring new areas beyond original discovery For personal use only VALENTINE MINE RESOURCE GROWTH (1) M&I Resources Inferred Resources 6.0 5.0 4.0 Moz 3.0 2.0 1.0 0.0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 202
Slide 23: Discovering Newfoundland's Next MEGA Deposit
For personal use only Discovering Newfoundland’s Next MEGA Deposit ASX: AAM | TSXV: AUM | OTCQB: AUMMF 23
Slide 24: AuMEGA Metals Limited
AuMEGA Metals Limited For personal use only 24 Hasler Road, Osborne Park WA 6017 Australia Ph: +61 8 6117 0478 (Australia) Ph: +1 780 665 4925 (Canada) E: info@aumegametals.com www.aumegametals.com @aumegametals https://au.linkedin.com/company/aumega-metals ASX: AAM | TSXV: AUM | OTCQB: AUMMF ASX: A
Slide 25: Detailed Mineral Resource Estimate
Detailed Mineral Resource Estimate (1) Open Pit Mineral Resource Estimate Underground Mineral Resource Estimate Resource Cut-off Grade Tonnes Grade Contained Metal Cut-off Grade Tonnes Grade Contained Metal For personal use only Deposit Zone Classification g/t Au kt g/t Au koz Au g/t Au kt g/t Au ko
Slide 26: Source Data for Mkt Cap / Resource Comparable
Source Data for Mkt Cap / Resource Comparable Reported Reported USD1 USD1 Indicated Sources Currency Currency For personal use only Company Ticker Stage Currency Market Cap Net Cash Mt g/t Moz Financial Resource AuMEGA Metals ASX:AAM Exploration CAD $31 $22 $4.0 $2.9 6.20 2.2 0.450 Dec 25 QAR Dec 25
Slide 27: Drill Tested EM Target at Cape Ray
Drill Tested EM Target at Cape Ray Modest diamond drill program completed in December 2025 to test potential of the large EM target For personal use only DRILL PROGRAM COMPLETED DEC 2025 Awaiting drill assays; expected in February 2026 SIZEABLE ANOMALY WITH SCALE (1) Currently measure 500 m by 1000