49 Metals Limited · ASX:49M
49 Metals — Investor Presentation (April 2026)
22 slides from 49 Metals's investor presentation, April 2026
Slide 1: Nevada Gold: Positioned for Gold Discovery
CORPORATE PRESENTATION | Nevada Gold APRIL 2026 Positioned for Gold Discovery Corporate Presentation | April 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 Metals This presentation contains summary
Slide 3: Disclaimer – Previously Reported Foreign Estimate
Disclaimer – Previously Reported Foreign CORPORATE PRESENTATION | Estimate 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 the exploration activities undertaken by previous explorers
Slide 4: Investment Highlights
Investment Highlights CORPORATE PRESENTATION | $10m IPO Funding allows for a Highly prospective Nevada detailed and strategic gold portfolio in the Walker exploration program Lane Trend - a Tier 1 mining jurisdiction APRIL 2026 Experienced Nevada Drill has commenced at Gold exploration team with str
Slide 5: 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 Nevada is mining state Home to three of the worlds Low cost heap leach top 10 gold mines. 2 processing is common allowing for the APRIL 2026 development of “low g
Slide 6: Walker Lane Major Gold District
Walker Lane CORPORATE PRESENTATION | Major Gold District Prolific Walker Lane Trend Historic production of ~80 Moz Au and ~700 Moz Ag. 4 APRIL 2026 Round Mountain, Goldfield, Beatty and Tonopah districts host ~40 Moz Au resources. 4,5,6 Subject to >US$1B in corporate deals in 2020 -25. 5 Strong inte
Slide 7: Walker Lane Project Portfolio
Walker Lane. Project Portfolio CORPORATE PRESENTATION | Tonopah Projects (Gold Mountain & Sinter) Gold Mountain is drill -ready, targeting high -grade gold structures and associated lower grade halos. 10 km × 2 km mineralised footprint. APRIL 2026 Foreign Mineral Resource Estimate (Non -JORC) of bet
Slide 8: Gold Mountain Project Overview
Gold Mountain CORPORATE PRESENTATION | Project Overview • 49M earn in up to 75% of the project APRIL 2026 • Located 5 km SW of Tonopah with excellent infrastructure (US -95 highway access) • Mix of patented and unpatented claims. • Low sulphidation epithermal gold system with large alteration footpr
Slide 9: Gold Mountain History
Gold Mountain CORPORATE PRESENTATION | History • Gold and silver discovered in 1902. • 36,233oz of gold and 3,704,955oz of silver produced from 1902 to 1984. 6,7 APRIL 2026 • Held by various parities since 1990 with sporadic exploration activities. • First time in decades Gold Mountain has been cons
Slide 10: Gold Mountain Geology
Gold Mountain CORPORATE PRESENTATION | Geology • Low sulphidation epithermal system that has been highly altered • Multipl e overprinting events with evidence of porphyry -related alteration • Gold mineralization is structurally controlled with a thick low - grade halo around the higher -grade quart
Slide 11: High Grade Gold Potential
High Grade CORPORATE PRESENTATION | Gold Potential • Large IP chargeability anomaly, indicative of disseminated sulphide mineralisation at a vertical depth of between~ 100 -300m under transported cover . • APRIL 2026 Gold is known to be associated with sulphide (pyrite) • Southern fringe of the IP a
Slide 12: Gold Mountain Gold Targets
CORPORATE PRESENTATION | Gold Mountain Gold Targets • Initial gold exploration will focus on 4 structural zones, APRIL 2026 Reno, Sealy Ridge. Adit and Monte Cristo. • All 4 structural zones have been targeted via field mapping and sampling and limited historic drilling (in many cases just 1 hole).
Slide 13: Silver Opportunity
CORPORATE PRESENTATION | Silver Opportunity • Silver potential of the project yet to be fully APRIL 2026 assessed. • Historic grades of 100 oz/tonne (3,100g/t Ag) have been documented 6 • The Falcon pit (Left) mined in 1983 was predominantly mined for silver, extracting 429,876oz of silver and 3,759
Slide 14: Neighbouring Hasbrouck Gold Project
CORPORATE PRESENTATION | Neighbouring Hasbrou ck Gold Project Hasbrou ck Gold Project 8 Gold Mountain • 100% owned by West Vault Mining (TSXV:WVM, Mkt cap APRIL 2026 AUD$108m) and part of the same large hydrothermal system as Gold Mountain. Hasbrou ck • Represents the upper portion of the mineralise
Slide 15: Sinter
CORPORATE PRESENTATION | Sinter • 100% owned • Low sulphidation epithermal system • Gold Mountain analogue yet remains untested APRIL 2026 and unproven. • Numerous historic adits and shafts. No production records are known to exist. • No prior drilling and very limited mapping/rock chipping has been
Slide 16: Sinter Site Visit
Sinter Site Visit CORPORATE PRESENTATION | Sinter has Rock chips up to numerous historical 19.3g/t Au. 6 mines, adits and shafts scattered throughout the APRIL 2026 project. Fieldwork including No evidence of drill geophysics will be holes or any recent important to exploration or identify structure
Slide 17: Buffalo Canyon
Buffalo Canyon CORPORATE PRESENTATION | • Large mineralised intrusion -related gold system (IRGS) 6 • Ground magnetics delineate an open -ended, >4 km long IRGS camp at Buffalo Canyon. Everson Prospect APRIL 2026 • Historic drilling: up to 152.4 m @ 0.40 g/t Au (BCR05 -02) and 147.8 m @ 0.42 g/t Au
Slide 18: IPO Capital Structure
IPO Capital Structure CORPORATE PRESENTATION | Capital Structure Indicative Use of IPO Funds $ Post -IPO Activities Shares on Issue 82.2m Item/Activity Year 01 Year 02 Market Cap @ $0.20/ sh $16.4m Gold Mountain Cash (before costs) $10.0m Drilling 1,500,000 1,200,000 EV $6.4m Other 465,000 335,000 A
Slide 19: Work Schedule
Work Schedule CORPORATE PRESENTATION | Q2 2026 Q3 2026 Q4 2026 Q1 2027 Q2 2027 Q3 2027 Q4 2027 Gold Mountain Drilling IP Targets APRIL 2026 IP Assays Drilling Target Areas 2 - 4 Target Areas 2 -4 Assays Resource Drilling (subject to results) Sinter Geophysics Drilling Buffalo Canyon Permitting Drill
Slide 20: Board of Directors
Board of Directors CORPORATE PRESENTATION | Experienced Nevada -Focused Exploration and Mining Team APRIL 2026 Richard Pearce Oliver Kreuzer Matt Gauci Phil Carter Non -Executive Chairman Executive Director Non -Executive Director Chief Executive Officer Richard has more than 30 Dr Kreuzer is a PhD
Slide 21: Appendix. External References
Appendix. External References CORPORATE PRESENTATION | 1. https:// www.e -mj.com /features/ nevada -a-leader -in -gold -production 2. https:// www.nsenergybusiness.com /news/top -five -gold -mining -states -us 3. https://www.fraserinstitute.org/studies/annual -survey -mining -companies -2025 4. http
Slide 22: Contact Us
CORPORATE PRESENTATION | Contact Us APRIL 2026 Phil Carter Chief Executive Officer pcarter@49metals.com.au +61 400 252 465 ASX: 49M 22