Slide 1: Advancing Montezuma
For personal use only ASX: LDR | AUGUST 2026 Advancing Montezuma A High-Grade Australian Critical Minerals Project • Montezuma flagship development project • High-grade portfolio provides additional growth optionality • Fully Funded to advance near-term exploration and development milestones Silver
Slide 2: Disclaimer, Competent Person's Statements & Reference Announcements
COMPLIANCE Disclaimer, Competent Person's Statements & Reference Announcements For personal use only COMPETENT PERSON’S STATEMENT The information in this Report that relates to Exploration DISCLAIMER Results for LDR’s NSW projects is based on information EQUIVALENT GRADES USED FOR compiled by Mr Mit
Slide 3: Investment Highlights - Montezuma First, Portfolio Upside
INVESTMENT CASE Investment Highlights - Montezuma First, Portfolio Upside High-grade Maiden Resource Fully Funded to Advance Multiple Pathways to Grow Strong Portfolio Optionality Establishes Montezuma as Milestones The Montezuma Resource Beyond Montezuma For personal use only The Flagship • $4.5m I
Slide 4: Corporate Snapshot
CORPORATE SNAPSHOT Capital in Place to Advance the Flagship Strategy at Montezuma MARKET DATA Share Price (updated 20 Aug 2026) For personal use only Shares on Issue 202M FUNDING & BALANCE SHEET STRENGTH Market Capitalisation $22.2M Cash as of 30 June 2026 ~$3.8M Funding Directed to Priority Catalys
Slide 5: Portfolio Strategy: Montezuma First
PORTFOLIO STRATEGY Montezuma First A tiered capital allocation model — A Disciplined Portfolio Strategy concentrates expenditure on Montezuma while preserving upside from high-quality secondary assets. For personal use only • Resource Growth · Metallurgy · Development Studies Flagship Primary Montez
Slide 6: Montezuma Tasmania Flagship Project
MONTEZUMA TASMANIA Flagship Project For personal use only Figure 1. Drilling rig set up on planned hole MZS43 at Montezuma Lode Resources Ltd | ASX: LDR | August 2026 6
Slide 7: Why Montezuma Leads Lode's Portfolio?
MONTEZUMA SILVER–ANTIMONY PROJECT · TASMANIA Why Montezuma Leads Lode’s Portfolio? High-grade Mineralisation Resource Growth + Brownfield Infrastructure Tier-1 Jurisdiction Already Established Development De-risking Advantage For personal use only Underway Located in Tasmania’s West 480kt @ 533g/t A
Slide 8: Project Snapshot
Project Snapshot MONTEZUMA SILVER–ANTIMONY PROJECT · TASMANIA For personal use only LOCATION West Coast Tasmania, ~14km from Zeehan OWNERSHIP 100% Lode Resources COMMODITY Silver-Zinc/Antimony, with Copper, Lead, and Gold/Tin upside Maiden JORC (2012) MRE: 480kt @ 533g/t AgEq for 8.2Moz AgEq RESOURC
Slide 9: Multi-Target Drilling Tests the Existing Resource and New Silver-Zinc Discovery
MONTEZUMA SILVER–ANTIMONY PROJECT · TASMANIA Multi-Target Drilling Tests the Existing Resource and New Silver-Zinc Discovery EXTENDING THE CURRENT RESOURCE Isometric view showing newly Hanging-wall drilling is testing extensions to the discovered silver & zinc 8.2Moz AgEq@533g/tAgEq Montezuma resour
Slide 10: Brownfield Infrastructure Provides Potential Development Advantages
MONTEZUMA SILVER–ANTIMONY PROJECT · TASMANIA NEARBY EXISTING INFRASTRUCTURE Granville, approximately 30km from Montezuma, Brownfield Infrastructure Provides includes grid power, processing-related Potential Development Advantages equipment, raw water and tailings infrastructure. For personal use onl
Slide 11: Montezuma is Progressing Through Key Development Milestones
MONTEZUMA SILVER–ANTIMONY PROJECT · TASMANIA Montezuma is Progressing Through Key Development Milestones STRONG PRELIMINARY METALLURGY ONGOING OPTIMISATION Further flotation and leaching test work is assessing gold and tin recovery and project mineralogy For personal use only 93.0% Ag | 88.4% Sb | 9
Slide 12: NSW Projects
For personal use only NSW PROJECTS New England Antimony Magwood, NSW Copper & Silver Antimony & Gold Rock Abbey, NSW Bundarra Copper, NSW (Sandon) Gold Gold Gold Lode Resources Ltd | ASX: LDR | August 2026 12
Slide 13: A Second High-Grade Antimony Growth Platform in NSW
NEW ENGLAND ANTIMONY PROJECT · NEW SOUTH WALES A Second High-Grade Antimony Growth Platform in NSW For personal use only MAGWOOD Lode's EL9662 & • Located ~35km northeast of Hillgrove, encompassing the historic EL9319 — Magwood and Rock Abbey, ~8km Magwood Mine and Rock Abbey Gold–Antimony Prospect.
Slide 14: Bundarra Copper
BUNDARRA COPPER High-Potential Copper-Zinc Prospect EXPLORATION • Two high-potential VMS targets, Bundarra Copper and Abington Base Metals. Located 5 km south and 20 km southeast of Bundarra, New For personal use only South Wales, covering 758 km² in a prospective VMS district. • Extensive historic
Slide 15: Tasmania Projects
For personal use only TASMANIA PROJECTS Silver Hills Granville & North Valley Lode Resources Ltd | ASX: LDR | August 2026 15
Slide 16: Silver-Antimony & Tin Exploration Pipeline
SILVER HILLS · TASMANIA Silver–Antimony & Tin Exploration Pipeline Silver Cliffs mine workings and dump assays For personal use only • Surrounds the historic Mt Bischoff tin mine within Tasmania's West Coast mining district • High-grade tin discovered at the North Valley Lodes prospect — up to 3.64%
Slide 17: Granville & North Valley Provide Strategic Infrastructure and Tin Upside
GRANVILLE & NORTH VALLEY TIN PROJECT · TASMANIA Granville & North Valley Provide Strategic Infrastructure and Tin Upside HISTORIC TIN DISTRICT, HIGH-VALUE OPTIONALITY Tin-magnetite skarn mineralisation associated with the For personal use only Granville East pit SAM Survey Heemskirk Granite, histori
Slide 18: 6-12 Month Catalyst Roadmap: Montezuma Leads the Newsflow
VALUE CATALYSTS 6-12 Month Catalyst Roadmap: Primary value creation is expected to come from Montezuma resource growth and development de-risking, with secondary Montezuma Leads the Newsflow projects providing additional discovery optionality. For personal use only NEAR-TERM DEVELOPMENT CORPORATE /
Slide 19: Contact
Contact LODE RESOURCES LTD Suite 506, Level 5, 50 Clarence St, IR & Media Contact For personal use only Sydney NSW 2000 Pia Lehman info@loderesources.com Pia@taumedia.com.au Lode Resources Ltd | ASX: LDR | August 2026 19
Slide 20: Experienced Team Driving Project Development
OUR TEAM Experienced Team Driving Project Development For personal use only ANDREW VAN HEYST TED LESCHKE KEITH MAYES Executive Chairman Exec Director Exploration Managing Director Institutional equities and corporate advisory Resources executive and geologist with 30+ years’ Resources executive with
Slide 21: Appendix: Technical Detail for Analysts & Specialist Investors
For personal use only APPENDIX Technical Detail for Analysts & Specialist Investors JORC resource detail · drilling results · tenement schedule · Competent Person's statements & references Lode Resources Ltd | ASX: LDR | August 2026 21
Slide 22: Montezuma Maiden JORC (2012) Mineral Resource Estimate
APPENDIX · MONTEZUMA SILVER–ANTIMONY PROJECT Montezuma Maiden JORC (2012) High-grade Silver–Antimony System with Mineral Resource Estimate Clear Pathway to Scale at Montezuma For personal use only KEY HIGHLIGHTS • 480kt @ 533 g/t AgEq1 for 8.2Moz AgEq1 • Defined mineralisation to ~250m depth and ~30
Slide 23: Silver-Zinc Discovery & Fahlore Historic Sampling — Detail
APPENDIX · MONTEZUMA SILVER–ANTIMONY PROJECT Silver–Zinc Discovery & Fahlore Historic Sampling — Detail MZS42 SILVER–ZINC DISCOVERY INTERCEPTS FAHLORE MINE DUMP ASSAYS (HISTORIC GRAB SAMPLES) Hole Interval Grade Ag (g/t) Sb (%) Cu (%) For personal use only MZS42 267.0–273.4m (6.40m) 6.2% Zn, 1.5% Pb
Slide 24: Magwood & Rock Abbey — Drill Result Detail
APPENDIX · NEW ENGLAND ANTIMONY PROJECT Magwood & Rock Abbey — Drill Result Detail ROCK ABBEY — FIRST-PASS RC DRILLING (16 HOLES, 1,009M) GEOLOGICAL SETTING For personal use only Hole From–To (m) Interval Sb % Au g/t Stibnite (Sb₂S₃) mineralisation is hosted in fault breccia lodes surrounded by a di
Slide 25: Uralla — Recent Drill Results & Geological Model
APPENDIX · URALLA GOLD PROJECT Uralla — Recent Drill Results & Geological Model SELECTED FOLLOW-UP RC DRILL RESULTS (OF 22 NEW INTERCEPTS — 10 JULY 2026) For personal use only From–To Interv Hole Au g/t IRGS GEOLOGICAL MODEL (m) al KTN018 24.0–33.0 9.0m 1.00 (incl. 2.0m @ 1.92) Uralla mineralisation
Slide 26: Silver Hills & Granville Technical Detail
APPENDIX · SILVER HILLS & GRANVILLE · TASMANIA Silver Hills & Granville Technical Detail SILVER HILLS — NORTH VALLEY LODES DUMP ASSAYS For personal use only Sample No. Sn % MR0067 3.64 Top 7 samples from historical MR0069 2.63 dump workings average 1.43% MR0064 1.29 Sn over a 500m+ strike. Grab MR00
Slide 27: Tenement Schedule — as at June 2026
APPENDIX · CORPORATE Tenement Schedule — as at 30 June 2026 Project Tenement Type Area (km²) Interest Uralla EL8980 Exploration 237 100% For personal use only Uralla West EL9087 Exploration 65 100% Fender EL9003 Exploration 224 100% Tea Tree EL9084 Exploration 71 100% Thor EL9085 Exploration 231 100