Lightning Minerals Limited · ASX:L1M
Lightning Minerals — Investor Presentation (September 2026)
17 slides from Lightning Minerals's investor presentation, Sep 29, 2026
Slide 1: Updated Corporate Presentation ASX Announcement
29 September 2026 ASX ANNOUNCEMENT For personal use only UPDATED CORPORATE PRESENTATION Lightning Minerals Limited (ASX: L1M) releases its updated corporate presentation following the announcement of a large-scale tungsten system at its 100%-owned Warby Project in North Queensland (ASX announcement
Slide 2: High-Grade Tungsten. District-Scale Gold.
rsonal use only High-Grade Tungsten. District-Scale Gold. Two 100%-owned North Queensland projects: an emerging high-grade tungsten opportunity at Warby, and at Mt Turner a 14km gold vein system and Mo-Cu porphyry GOLD • TUNGSTEN • MOLY-COPPER Investor Roadshow ASX:L1M | September 2026 Lightning Min
Slide 3: Important Notice and Disclaimer
Important Notice and Disclaimer This presentation has been prepared by Lightning Minerals Ltd ACN 656 005 122 (‘Company’) to provide No representation or warranty, express or implied, is given as to the fairness, accuracy, completeness, readers with background information only to obtain a general un
Slide 4: Investment Highlights
Investment Highlights District-scale gold at Mt Turner THE TUNGSTEN OPPORTUNITY | WARBY, NORTH QLD Flagship project: a 14km mineralised trend emerging as rsonal use only a district-scale gold system, with a maiden MRE Scale potential and high-grade tungsten at targeted for Q3 20271 surface, in a pro
Slide 5: Corporate Snapshot
Corporate Snapshot rsonal use only Board of Directors Key Management Corporate Structure Troy Brice Justyn Stedwell Shares on issue2 ~380m CEO and Managing Director Company Secretary Share price1 $0.018 David Vilensky Andrew Lambert Non-Executive Chairman Exploration and Corporate Cash2 ~$1.43M Deve
Slide 6: Positioned in a Tier-1 Gold District
Positioned in a Tier-1 Gold District rsonal use only Qld Kennedy Igneous Surrounded by Tier-1 Association Gold Endowment An underexplored province Ringed by major producing hosting multiple multi- and historical systems: million-ounce gold systems Kidston (5.0Moz), and large porphyry copper Ravenswo
Slide 7: Mt Turner – Multiple Key Targets
MT Turner – Multiple Key Targets Drummer Fault leads a pipeline of six targets 1,2,4 Mt Turner Project • District-scale gold and Mo-Cu potential across six key rsonal use only targets • Drummer Fault: 14km mineralised zone with historical workings; all 2025 drill holes intersected gold • Western Zon
Slide 8: Mt Turner – Drummer Fault
MT Turner – Drummer Fault Phase 2 drilling from, building on Phase 1 success rsonal use only Phase 2 drilling objectives • Define mineralisation trends between the historical oxide pits • Build on Phase 1 (2025), where all holes intersected breccia-hosted gold below the oxide pits • Test soil geoche
Slide 9: Mt Turner – Western Target Zone
MT Turner – Western Target Zone Soil program advances Phase 3 drill targeting rsonal use only Two new gold targets within the 5km-long Western Zone 1 • North: continuous 1km gold anomaly adjacent to a larger 1.4km interpreted multi-element hydrothermal footprint • Northern anomaly remains open to th
Slide 10: Mt Turner – Exploration Model
MT Turner – Exploration Model Exploration data points to a district-scale porphyry system • Classic setting: back-arc environment with multi-phase, rsonal use only intensely altered felsic intrusives • Confirmed: historical hole NS4 (1988) hit stockwork porphyry mineralisation at 280m • Underexplore
Slide 11: Warby Tungsten – Tungsten's Turn
Warby Tungsten Critical mineral exposure in a proven tungsten belt rsonal use only Tungsten’s Turn • Prices up sharply over 18 months on defence, semiconductor and clean energy demand • China controls ~80% of global supply; export curbs are pushing the West to secure new sources • Warby sits in the
Slide 12: Warby Tungsten – Grade & Scale
Warby Tungsten – Grade & Scale High-grade tungsten indicated across a 4km2 area3 • The mineralised system has potentially doubled in size, with rsonal use only high grades as reported • Integrates Phase 1 & 2 results: 91 soils, 17 pan concentrates, 20 rock chips and 21 reference samples • Rock chips
Slide 13: Warby Tungsten – High Grade
Warby Tungsten – High Grade High-grade tungsten confirmed across a 4km corridor 3 rsonal use only • Scale: 50km² tungsten terrain on a 13km fertile granite contact • Untested: WW1-era workings, no modern exploration before L1M • High grade: quartz-wolframite-scheelite vein swarm; rock chips average
Slide 14: Exploration Roadmap 2026–2027: Multiple Targets
Exploration Roadmap 2026–2027: Multiple Targets COMMODITY / LOCATION PROJECT 2026 — DE-RISK & DEFINE 2027 — DRILL & GROW • Expanding footprint, potentially high-grade W • Follow-up soils and drill targeting rsonal use only TUNGSTEN FNQ Warby Tungsten • Acquire LiDAR • Phase 1 drilling Drummer Fault
Slide 15: Why Invest in L1M / Near Term Catalysts
Why Invest in L1M Near Term Catalysts Flagship asset, Mt Turner (QLD) 1, 2 Emerging district- Mt Turner scale gold and Mo-Cu system along a 14km mineralised corridor rsonal use only Phase 2 Drilling Diamond drilling aimed from early October Highly focused strategy 1, 2 Capital directed to the highes
Slide 16: Key References to Previous ASX Announcements
KEY REFERENCES TO PREVIOUS ASX ANNOUNCEMENTS [1] 17 November 2025, Final Assays Confirm Extension of Gold System at Mt Turner [2] 11 December 2025: Aggressive Growth Strategy for Mt Turner Gold Project [2] 16 April 2026: Strategic Reset and Portfolio Simplification to Gold and Copper focus with Mt T
Slide 17: Contact
rsonal use only Authorised by the Board of Directors Contact Lightning Minerals Ltd (ASX: L1M) Tau Media Troy Brice Jessica Fertig Managing Director Investor & Media Relations Phone +61 8 9429 8806 Phone +61 408 855 855 admin@lightningminerals.com.au Jessica@taumedia.com.au LIGHTNINGMINERALS.COM.AU
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