Sinclair Gold Ltd · ASX:SGC
Sinclair Gold — Alicanto Minerals — Resources Rising Stars - Sydney 2026
24 slides from Sinclair Gold's conference presentation, Feb 10, 2026
Slide 1: Mt Henry: A Proven Gold System, Poised for Growth
Mt Henry: A Proven Gold System, Poised for Growth Resources Rising Stars - Sydney 10 February 2026
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Alicanto Minerals Limited (“Alicanto” or the “Company”) and is authorised by the Board of Directors of Alicanto. General Information & Disclaimer This presentation has been prepared for the purposes of providing information to the recipient regarding
Slide 3: Alicanto: A Large, Underexplored Western Australian Gold Project
Alicanto: A Large, Underexplored Western Australian Gold Project Mt Henry is a large, shallow Western Australian gold project with clear pathways to resource growth and standalone development Scale and Quality Pathway to Standalone Development • Large, shallow gold system in a world-class WA gold di
Slide 4: Proven team with a history of creating significant value
Proven team with a history of creating significant value Ray Shorrocks Duncan Grieve Didier Murcia AM Russell Curtin Steve Parsons Michael Naylor Non-Executive Non-Executive Non-Executive Non-Executive Major Shareholder Major Shareholder Chair Director Director Director and Consultant and Consultant
Slide 5: Mt Henry Gold Project - A District Scale Gold System
Mt Henry Gold Project - A District Scale Gold System Mt Henry Deposit Selene Deposit North Scotia Target 16km Regional Gold Trend 2km strike length 1km strike length 400m strike length 16km strike potential Ave drill depth ~35m Ave drill depth ~90m Ave drill depth ~65m Ave drill depth ~60m Only limi
Slide 6: An Expandable 0.9Moz Resource in a Tier-1 Gold District
An Expandable 0.9Moz Resource in a Tier-1 Gold District Mungari KCGM Evolution Mining Northern Star Kanowna 7.2 Moz 38.9 Moz Northern Star 5.9 Moz The Norseman Greenstone Belt is a highly endowed gold belt Kundana East Evolution Mining 1.7 Moz Mt Monger Vault Minerals host to multiple long-life, mul
Slide 7: Mt Henry Acquisition - On Track and Advancing
Mt Henry Acquisition - On Track and Advancing • Shareholder Approval Secured Overwhelming shareholder approval received. • Transaction Progress Conditions Precedent progressing as expected. Completion targeted for mid-February 2026. • Leadership Updates Refreshed executive leadership team in place,
Slide 8: Alicanto Corporate Summary
Alicanto Corporate Summary CAPITAL STRUCTURE PRO-FORMA1 Global Institutional Investor Base Shares on issue ~161.9M • High-quality and expanding institutional investor base: Share price2 A$1.73 Globally recognised resources investors, senior mining Market Capitalisation ~A$280M executives and alterna
Slide 9: Project Overview
Project Overview 9
Slide 10: Outstanding Infrastructure, in a Proven Mining District
Outstanding Infrastructure, in a Proven Mining District Norseman • Located in a well-established WA gold district • 210km from Kalgoorlie with access to airport, services and workforce • Direct access via sealed Esperance-Kalgoorlie Highway • Grid power available and licensed borefield water supply
Slide 11: BIF-hosted, structurally controlled gold
BIF-hosted, structurally controlled gold • A large-scale Archean BIF-hosted gold system, a deposit style known for scale, continuity and long mine life • 915koz gold Resources across Mt Henry (232koz), Selene (651koz) and North Scotia (12koz), along a 16km BIF strike. Mt Henry BIF Horizon 16km Trend
Slide 12: Scratching the Surface on a Major Gold Trend
Scratching the Surface on a Major Gold Trend • 16km continuous gold mineralization along BIF trend with significant drill hits along the entire strike • Historic drilling largely limited to ~150m depth with shallow pits to ~50–90m (Mt Henry only) • Multiple deposits already defined: Mt Henry, Selene
Slide 13: Selene Gold Deposit - Immediate Resource Growth
Selene Gold Deposit - Immediate Resource Growth Cross 40.0m @ 2.0 g/t gold 500m 50.0m @ 1.8 g/t gold section 60.0m @ 1.7 g/t gold 44.0m @ 2.4 g/t gold 8.0m @ 10.0 g/t gold 52.0m @ 2.0 g/t gold 59m @ 1.2 g/t gold 37m @ 1.1 g/t gold Long section looking East Legend Drill Composites OPEN >0.5 g/t Au OP
Slide 14: Mt Henry Gold Deposit - Immediate Resource Growth
Mt Henry Gold Deposit - Immediate Resource Growth 6.0m @ 609.9 g/t gold North Cross Long section looking East 19.0m @ 9.0 g/t gold 45.0m @ 2.1 g/t gold section 39.0m @ 5.2 g/t gold 18.0m @ 16.4 g/t gold 64.0m @ 3.9 g/t gold 20.0m @ 3.0 g/t gold 44m @ 1.3 g/t gold 24m @ 1.3 g/t gold 39m @ 5.2 g/t gol
Slide 15: North Scotia - Immediate Resource Growth
North Scotia - Immediate Resource Growth Cross section 200m 3.0m @ 32.8 g/t gold 18.0m @ 9.8 g/t gold 4.0m @ 25.4 g/t gold Long section looking East 22m @ 0.5 g/t gold OPEN 7m @ 22.2 g/t gold 14m @ 5.7 g/t gold OPEN Legend Drill Composites >0.5 g/t Au >1.0 g/t Au 6m @ 5.5 g/t gold >3.0 g/t Au Est. m
Slide 16: Limited Historical Investment, Strong Gold Price Leverage
Limited Historical Investment, Strong Gold Price Leverage Under-drilled through multiple cycles Drill metres completed* vs gold price 26,000 8,000 • Only ~150,000m drilled in the past ~30 years. On average, Spot Gold ~5,000m drilled each year across the 16km gold trend (A$/oz) 7,000 • Drilling has b
Slide 17: Scaling Up Drilling to Unlock an Underexplored Gold System
Scaling Up Drilling to Unlock an Underexplored Gold System An underexplored brownfields gold system • ~150,000m drilled over ~30 years across a 16km mineralised trend • 50,000m drilling planned in 2026 • Drilling largely shallow (<150m) and deposit-focused • Extensive areas outside existing Resource
Slide 18: Case Studies: Resource Growth via Modern Drilling
Case Studies: Resource Growth via Modern Drilling Modern drilling has consistently unlocked significant resource growth and market re-ratings in underexplored assets. Resource Growth Market Capitalisation Current Market Company Asset Since Acquisition on Completion Capitalisation Bellevue Mine 3.1Mo
Slide 19: Large-Scale Drill Program to Unlock District-Scale Growth
Large-Scale Drill Program to Unlock District-Scale Growth 50,000m, multi-rig program designed to deliver sustained news flow in 2026 2026 Q1 Q2 Q3 Q4 Mt Henry Project Acquisition Growth drilling - main areas 16km trend exploration drilling Resource Updates Geology Review and Targeting Database revie
Slide 20: A Large Gold System Poised for Substantial Growth
A Large Gold System Poised for Substantial Growth A large, underexplored gold system, poised for growth at a time when ounces really matter. • Large, underexplored gold system already proven • Multiple deposits and a16km mineralised trend highlight the scale to be tested by modern drilling • Decades
Slide 21: Registered Office
(ASX:AQI) REGISTERED Level 2, 8 Richardson Street OFFICE West Perth WA 6005 PHONE +61 (0) 8 6279 9425 EMAIL info@alicantominerals.com.au WEBSITE www.alicantominerals.com.au
Slide 22: Current Mineral Resource Estimate: Mt Henry Project
Current Mineral Resource Estimate: Mt Henry Project Measured Indicated Inferred TOTAL Tonnes Grade Gold Tonnes Grade Gold Tonnes Grade Gold Tonnes Grade Gold (kt) (g/t Au) (koz Au) (kt) (g/t Au) (koz Au) (kt) (g/t Au) (koz Au) (kt) (g/t Au) (koz Au) 11,907 1.2 444 10,172 1.2 378 2,424 1.2 94 24,501
Slide 23: Appendix: Norseman Greenstone Belt
Appendix: Norseman Greenstone Belt Company Project Measured Resource Indicated Resource Indicated Resource Total Resources Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Au Contained (Mt) Au (g/t) Au (Moz) (Mt) Au (g/t) Au (Moz) (Mt) Au (g/t) Au (Moz) (Mt) (g/t) Au
Slide 24: Appendix: Case Studies
Appendix: Case Studies Company (Project) Project Resource Measured Resource Indicated Resources Inferred Resources Total Resources Status date Tonnes Grade Contained Tonnes Grade Au Contained Tonnes Grade Au Contained Tonnes Grade Au Contained (Mt) Au (g/t) Au (koz) (Mt) (g/t) Au (koz) (Mt) (g/t) Au
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