Metals Australia Ltd · ASX:MLS
Metals Australia — Investor Presentation (July 2026)
29 slides from Metals Australia's investor presentation, Jul 30, 2026
Slide 1: Investor Presentation: High-Quality Development and Exploration Portfolio
ASX:MLS Metals Australia Investor Presentation: High-Quality Development and Exploration Portfolio spanning Critical, Base and Precious Metals in Canada and Australia 30 July 2026 Based on summarised publicly available information. Northern Resources Inc. A wholly owned Quebec subsidiary of Metals A
Slide 2: Disclaimers
Disclaimers CAUTIONARY STATEMENT REGARDING FORWARD LOOKING INFORMATION This presentation contains forward-looking statements concerning Metals Australia Ltd. Forward-looking statements are not statements of historical fact and actual events and results may differ materially from those described in t
Slide 3: Corporate Snapshot
Corporate Snapshot Share Price Shares on Issue Market Capitalisation Cash at Bank $0.018 734.22M ~ $13.22M ~ 3.73M On 29 Jul 2026 On 29 Jul 2026 On 30 Jun 2026 52 Wk.: L $0.018, H $0.039 Enterprise Valuation Unlisted Options % held by Top 20 Shareholders ~ +$9.49M NIL ~ 46.45% Amounts shown are $AUD
Slide 4: Metals Australia Ltd & Northern Resources Inc.
Metals Australia Ltd & Northern Resources Inc. Critical and Strategic Skilled Board & Project Developer Preferred Partner Minerals Focus - Executive Team Advancing projects from Committed to fostering Canada & Australia Proven expertise in discovery through long-lasting discovery, project developmen
Slide 5: Project Portfolio
Project Portfolio Corvette River Gold, Silver & Base Metals Multiple prospects Warrego East Lac Carheil Copper-Gold Graphite Mineral Resource prospects Studies Underway: • PFS (upstream) Manindi • PEA (downstream) a) Zinc-Copper- Silver MRE (JORC) b) Vanadium- Titanium-Magnetite Discovery Advancing
Slide 6: CANADA - Lac Carheil Graphite Project, Quebec
CANADA - Lac Carheil Graphite Project, Quebec Upstream: Mine & Processing Plant - Fermont Downstream: Battery Anode Material Refinery - Baie-Comeau Figure 1. Upstream Project Location ~20 km south of Fermont, Quebec Figure 2. Downstream Project Location: Baie-Comeau. Concentrate from Lac Carheil is
Slide 7: Lac Carheil Graphite Project Overview: 2025 - 2026 Progress
Lac Carheil Graphite Project Overview: World Class Graphite Endowment - Strategically Significant Scale Potential Prefeasibility (PFS) for upstream & PEA* for downstream projects published8,10. 2025 - 2026 Progress: Project claims holding increased 3-fold to 249 km2 Major drilling program result
Slide 8: Lac Carheil Graphite Project – Upstream PFS
Lac Carheil Graphite Project – Upstream PFS10* Resource Potential is Enormous3,9: • Updated Mineral Resource from less than 7% of mapped and confirmed graphite 3,9 • Mineral Resource Estimate: 5.1 Mt of Contained graphite [2.8 Mt Indicated / 2.3 Mt Inferred]3. Production consumes ~0.1 Mt per annum •
Slide 9: Lac Carheil Graphite Project - Downstream PEA
Lac Carheil Graphite Project - Downstream PEA8* Preliminary Economic Assessment published – Apr 28, 20268 • Battery Anode Material Refinery located near Baie-Comeau • Refinery transforms 75 kt/a of high purity fine flake graphite concentrate (>95%TGC) • Production of ~ 51 kt/a of Battery Anode Mater
Slide 10: Benchmarking LCGP to NMG
Benchmarking LCGP to NMG8,10 Key takeaways – LCGP vs. NMG: • LCGP Ore Reserve grade is + 2.63 times higher than NMG • Ore Reserves of 2.4 Mt (86% of Indicated Resource Converted) • Similar Project life – LCGP has enormous extension upside • Concentrate plant is 67% smaller 860 KT /Yr v 2,560 KT /
Slide 11: Next Steps
Next Steps: Completed PEA for the Downstream BAM Refinery (Mid 2026) Completed PFS for Upstream Mine & Concentrate Plant (Mid 2026) Commenced Metallurgical test-work program for Feasibility study - May 2026 Commenced environmental studies required for Environmental & Social Impact Assessment – mid 2
Slide 12: More than just a Graphite Company
More than just a Graphite Company Actively advancing multiple projects: Canada • Corvette River, James Bay region of Quebec : Gold & Base Metals Australia • Manindi West, Murchison, Western Australia: Vanadium-Titanium-Magnetite discovery adjacent to existing Zinc-Copper-Silver Mineral Resource • Wa
Slide 13: Corvette River – Multiple Prospects
Corvette River – Multiple Prospects Project Overview: Multiple Prospect areas in the James Bay region of Quebec. Multiple mineralised corridors outlined for Gold, Silver and Base Metals. Recent Achievements 11 2024 Field program tested 3 separate project areas with historical recordings for gold,
Slide 14: Corvette River – West & East Eade Gold
Corvette River – West & East Eade Gold Figure 9 - Corvette River Project Phase - West Eade Gold Prospect Figure 10 - Corvette River Project Phase - East Eade Gold Prospect West Eade prospect yielded gold results to 4.42 g/t – with historical results East Eade - Results of up to 0.83 g/t gold over a
Slide 15: Australian Projects
Australian Projects Manindi Project12,13,14 Murchison region of Western Australia • Zinc – Copper – Silver Project with Mineral Resource – amenable to Open Cut • Vanadium – Iron – Titanium discovery. Warrambie Warrego East Project15 Tennant Creek, Northern Territory • 2025 program tested 5 targets •
Slide 16: Manindi – Titanium-Vanadium-Iron Project
Manindi – Titanium-Vanadium-Iron Project Project Overview 12,13,14 Five Look a like Targets spanning approximately 6km in combined length Discovery made in Target 1 – High grade Titanium-Vanadium-Magnetite Drill program confirmed high grade mineralization in 14 of 15 holes tested Target 2 tested and
Slide 17: Manindi – Titanium-Vanadium-Iron Project
Manindi – Titanium-Vanadium-Iron Project Target 1 Figure 13. Drill Hole Collar positions on Target 1 & 2 Section A-A Figure 14. Section A-A Section B-B Figure 15. Section B-B • 13 of 14 Reverse Circulation Holes Intersected thick – • Mid point of strike length tested • Southern end of strike length
Slide 18: Northern Territory – Tennant Creek Mineral Field
Northern Territory – Tenant Creek Mineral Field Project Overview15: Largely Greenfields exploration project prospective for Copper-Gold & Bismuth Metals Australia holds an 80% working interest in Granted tenement – EL32725 and is advancing grants for 3 additional tenements (EL32410, EL32837 & EL 323
Slide 19: Warrego East Project
Warrego East Project Project Overview15 Regional interest on the rise: • Pan African Resources transaction of neighboring TCMG Pty Ltd (~82 M AUD)15 • Emerson Resources acquired by Pan African Resources for ~ 311 M AUD (ASX, ERM: 9 March 2026) Achievements & Plans15 Geophysics – Completed review a
Slide 20: Warrego East Target Overview
Target 1 Target Overview15: • Target 1: ~ 5km east of and in a similar structural setting to the major Warrego mine which produced 6.8Mt @ 1.9% Cu, 6.6 g/t Au and 0.3% Bi • 17 new holes for 1,426m drilled. Tested to the east, west and at depth. Max hole depth of 120m (104m vertical) and average hole
Slide 21: Warrambie Tenement – East of Andover Li discovery
Warrambie Tenement – East of Andover Li discovery Project Overview16: • The project has no basement rocks outcropping at surface • Extensive geophysical survey work including a gravity survey was conducted during 2024. • Five key target locations were interpreted to have strong similarities to those
Slide 22: Warrambie Tenement – Drilling Overview
Warrambie Tenement – Drilling Overview Results & Interpretation16: • Areas within the southern target zone revealed Mineralisation of the type anticipated (Ni-Co, Au). Nickel results, including WAC048 with 25m at 0.16 % Nickel from 28m and WAC050 with 31m at 0.25% Nickel from 26m were among the bett
Slide 23: Metals Australia Project Pipeline Summary
Metals Australia Project Pipeline Summary Opportunity Explore Discovery Resource Study Development Opportunity Greenfield Maturing Target Discovery Generation Exploration PEA* PFS** Generation conversion • Tenement • Warrego – • Corvette • Manindi VTM • Lac Carheil • Lac Carheil Search Copper-
Slide 24: Why Invest in Metals Australia?
Why Invest in Metals Australia? High-quality Project and Exploration Portfolio advancing through value demonstration in Low-Risk Jurisdictions - Canada & Australia represent two of the lowest sovereign risk countries globally for mining project development. Diversity of Minerals - Critical, Precious
Slide 25: Board & Management
Board & Management Michael Scivolo Alexander Biggs Rachelle Domansky Basil Conti Non-Executive Chairman Non-Executive Director Non-Executive Director Non-Executive Director Mr. Scivolo is an experienced Director, having been Mr. Biggs is a qualified mining and mechanical Ms. Domansky has a masters d
Slide 26: Why a High-Grade Graphite Project in Canada Matters
Why a High-Grade Graphite Project in Canada Matters Graphite demand is rising: • EV sales up 20% globally in 2025 to 20.7 Million vehicles. • EV and Energy Storage batteries account for 1/3rd of total graphite consumption A. • Barriers to EV adoption are declining - Brand choice, pricing, battery ra
Slide 27: References - ASX
References - ASX There is no new information in this document pertaining to ‘Exploration Results, Mineral Resources and Ore Reserves’. All information presented here on these topics has been previously disclosed and the references for the previous or original disclosures are noted where included and
Slide 28: References – Report Links
References – Report Links A. Park, J., Cho, S.-J., Shin, S., Kim, R., Shin, D. and Shin, Y. (2025). Overview of graphite supply chain and its challenges. Geosciences Journal. doi:https://doi.org/10.1007/s12303-025-00027-2. B. Critical Minerals Outlook 2025_International Energy Agency C. Investisseme
Slide 29: Contact Us
ASX:MLS Contact Us E: info@metalsaustralia.com.au P: +61 8 9481 7833 Level 1, 8 Parliament Place West Perth, Western Australia 6005 metalsaustralia.com.au