49 Metals Limited · ASX:49M
49 Metals — Investor Presentation (October 2026)
24 slides from 49 Metals's investor presentation, Oct 14, 2026
Slide 1: Gold Mountain: High-Grade Gold Discovery in Nevada
CORPORATE PRESENTATION | rsonal use only October 2026 Gold Mountain High -Grade Gold Discovery in Nevada Corporate Presentation | October 2026 1
Slide 2: Disclaimer
Disclaimer CORPORATE PRESENTATION | Important Notice and Disclaimer Forward -looking statements Summary Information The following important notice and disclaimer applies to this investor This presentation includes forward -looking statements that reflect 49 This presentation contains summary informa
Slide 3: Disclaimer – Previously Reported Foreign Estimate
Disclaimer – Previously Reported Foreign CORPORATE PRESENTATION | Estimate rsonal use only Previously Reported Foreign Estimate All data presented herein are historical in nature and 49 Metals is undertaking a full validation of the nature and quality o f t he exploration activities undertaken by pr
Slide 4: Investment Highlights
Investment Highlights CORPORATE PRESENTATION | rsonal use only High -grade zones present. All 22 holes from the Discovery hole maiden drilling campaign - 27.4m @ 8.3g/t Au incl intersected gold/silver October 2026 9.1m @ 21.9g/t mineralisation Thickest gold intercept to Highly prospective Nevada dat
Slide 5: Capital Structure & Board of Directors
Capital Structure & Board of Directors CORPORATE PRESENTATION | rsonal use only 82.2m $8.2m $6.8m $1.4m October 2026 Shares on Market Cap @ Cash @ 30 June Enterprise Value Issue $0.1 0/sh 2026 Richard Pearce Phil Carter Oliver Kreuzer Matt Gauci Non -Executive Chairman Managing Director Non -Executi
Slide 6: Nevada: Tier-1 Mining Jurisdiction
Nevada CORPORATE PRESENTATION | Tier -1 Mining Jurisdiction Tier -1 gold province with current resources of ~185moz Au and ~1,200moz Ag. 1 rsonal use only Nevada is a mining state Home to three of the world’s Low cost and profitable top 10 gold mines. 2 heap leach processing is common allowing for t
Slide 7: Walker Lane: Major and Prolific Gold District
Walker Lane CORPORATE PRESENTATION | Major and Prolific Gold District Historic production of ~80 Moz rsonal use only Au and ~700 Moz Ag. 4 Round Mountain, Goldfield, October 2026 Beatty and Tonopah districts host ~40 Moz Au resources. 4,5,6 Centerra Gold (TSE:CG) $6.3bn gold producer developing the
Slide 8: Gold Mountain Project Overview
Gold Mountain CORPORATE PRESENTATION | Project Overview rsonal use only • 49M earn in up to 75% of the project • US$4m in expenditure and completion of a October 2026 PFS • Located 5 km SW of Tonopah with excellent infrastructure (US -95 highway access) • Mix of patented and unpatented claims. • Pat
Slide 9: Gold Mountain Confirmed Mineral System
Gold Mountain Confirmed Mineral CORPORATE PRESENTATION | System rsonal use only Historic high -grade workings across a large area • Indicates a widespread mineralisation event Geochemistry and rock chips up to 84g/t Au and 1,385g/t Ag • Strong Au -Ag -As -Sb -Mo pathfinder assemblage October 2026 •
Slide 10: Gold Mountain Maiden Drill Program
Gold Mountain CORPORATE PRESENTATION | Maiden Drill Program • 22 hole ~7,500m RC program rsonal use only • All 22 holes hit mineralisation (gold/silver) • Evidence of a large and widespread hydrothermal system October 2026 • Adit zone discovery • High grade interpreted feeder zone discovery • Broad
Slide 11: Adit Zone Discovery
Adit Zone CORPORATE PRESENTATION | Discovery rsonal use only • Hole DRC#9 • 27.4m @ 8.3g/t Au, including 9.1m @ October 2026 21.9g/t Au • Interpreted as a feeder structure • Unique geochemical characteristics support feeder structure interpretation • Lower grade intersection of 25.9m @ 1.4g/t higher
Slide 12: Adit Zone Repeatability
Adit Zone CORPORATE PRESENTATION | Repeatability rsonal use only Follow up hole DRC#16 October 2026 • Offset ~40m along strike • 15.2m @ 2.4g/t Au including 6.1m @ 5.0g/t Au • Same unique geochemical signature with elevated pathfinder elements • Supports the interpretation the feeder structure is no
Slide 13: Adit Zone Scale Emerging
Adit Zone CORPORATE PRESENTATION | Scale Emerging rsonal use only • Thickest continuous gold mineralisation drilled to date at Gold Mountain • 170.7m @ 0.9g/t Au (DRC#22) October 2026 • Incl 50.3m @ 1.2g/t Au (DRC#22) • 64.0m @ 1.0g/t Au (DRC#16) • 29.0m @ 1.3g/t Au (DRC#18) • 67.1m @ 1.7g/t Au (DRC
Slide 14: Gold Mountain Follow Up Drill Program
Gold Mountain CORPORATE PRESENTATION | Follow Up Drill Program rsonal use only • Second drilling program underway October 2026 • Drilling will target extensions to the Adit discovery along strike and down dip • Drilling to also target continuity and geometry of the interpreted feeder structure • Sub
Slide 15: Foreign Mineral Resource Estimate
Foreign Mineral CORPORATE PRESENTATION | Resource Estimate 1,2 rsonal use only • Previous explorer defined a Foreign MRE (Non -JORC) on a specific shear zone away from the mountain October 2026 • Foreign MRE is in oxide material • Based on holes drilled between 2008 - 2010 • At a 0.1g/t AuEq cut off
Slide 16: Neighbouring Hasbrouck Gold Project
Neighbouring Hasbrouck Gold Project CORPORATE PRESENTATION | rsonal use only Hasbrouck Gold Project 7 • 100% owned by West Vault Mining (TSXV:WVM, Mkt cap A$ 98m ) and interpreted as part of the same large Gold Mountain hydrothermal system as Gold Mountain. October 2026 • Represents the upper portio
Slide 17: Sinter
Sinter CORPORATE PRESENTATION | • 100% owned rsonal use only • Low sulphidation epithermal system • Gold Mountain analogue yet remains untested and unproven. October 2026 • Numerous historic adits and shafts. No production records are known to exist. • No prior drilling and very limited mapping/rock
Slide 18: Buffalo Canyon
Buffalo Canyon CORPORATE PRESENTATION | • 100% Owned rsonal use only • Large mineralised intrusion -related gold system (IRGS) 6 • Ground magnetics delineate an open -ended, >4 km long IRGS camp at Buffalo Canyon. October 2026 • Drill Planning/permitting underway Everson Prospect • Historic drilling
Slide 19: Nevada Gold Explorers Trade at Average A$74/oz
Nevada Gold Explorers Trade at Average A $74 /oz CORPORATE PRESENTATION | Company Moz Au Grade g/t Au Mcap A$m EV/oz A$ 250 rsonal use only Great Northern 0.5 0.40 11 13 Minerals P2 Gold P2 Gold 2.0 0.38 414 20 2 200 Nevada King 1.1 1.14 74 58 Gold October 2026 West Vault 150 0.9 0.41 98 104 $EV/oz
Slide 20: Gold Mountain: Pathway to a New Nevada Gold Project
Gold Mountain CORPORATE PRESENTATION | Pathway to a new and significant Nevada Gold Project rsonal use only 49 Metals Lists Maiden Drilling High Grade Adit Broad Second Drilling Assays from Targeting Maiden on ASX Commences Discovery – mineralisation Campaign – Second Drilling MRE in 2027 27.4m @ 8.
Slide 21: Appendix A. External References
Appendix A. External References CORPORATE PRESENTATION | rsonal use only 1. 49M Independent Technical Assessment Report https://api.investi.com.au/api/announcements/49m/d92a6fcf -2cc.pdf 2. Additional Information – Exploration Results and Foreign Resource Estimates https://api.investi.com.au/api/ann
Slide 22: Appendix B. Nevada Explorers
Appendix B. Nevada Explorers CORPORATE PRESENTATION | rsonal use only Mcap Tonnes Grade Contained EV/oz Company Ticker Project Status Source ($Am) (mt) g/t Au Au ( moz ) $AUD Great Northern https://www.miningweekly.com/article/gnm -completes -maiden -mre -for - ASX:GNM 11 Iron Butte Resource 37.9 0.
Slide 23: Appendix C. Previously Reported Results
Appendix C. Previously Reported Results CORPORATE PRESENTATION | rsonal use only 14 May 2026 - High Grade Gold & Silver Mineralisation at Gold Mountain 3 June 2026 - High Grade Gold Discovery at Gold Mountain October 2026 1 July 2026 - More High-Grade Gold at Gold Mountain 24 July 2026 - Broad Gold
Slide 24: Gold Mountain Summary and Contact
Gold Mountain CORPORATE PRESENTATION | rsonal use only Scale: 170.7m mineralised intercept & Multiple +30m mineralised intercepts October 2026 Grade: 27.4m @ 8.3g/t Au including 9.1m @ 21.9g/t Au Consistency: 22/22 Mineralised drill holes in first ever drilling campaign by 49M Understanding: Predict