Zenith Minerals Limited · ASX:ZNC
Zenith Minerals — Corporate Update (May 2025)
24 slides from Zenith Minerals's corporate update, May 2, 2025
Slide 1: Going for Gold – Investor Update May 2025
For personal use only Going for Gold Investor Update May 2025 Quarterly Update (ASX:ZNC)
Slide 2: Disclaimer and Important Notices
Disclaimer and Important Notices Important Information Zenith Minerals Limited (ASX: ZNC) ACN 119 397 938 ("Zenith" or the "Company") is the issuer of this presentation. Not a Disclosure Document or Offer This presentation is not a disclosure document for the purposes of Chapter 6D of the Corporatio
Slide 3: Investment Overview
Investment Overview Going for Gold – Zenith is highly focused and engaged on pursuing gold production at the For personal use only Dulcie Far North Project (DFN) located on its Mining Lease in WA. DFN Resource Expansion – Drilling complete; results support a further resource upgrade, with mineralisa
Slide 4: Company Snapshot
ASX:ZNC Project Ownership % Note Share Price Dulcie Far North Au 100% 210koz Gold Resource $0.046 Red Mountain Gold 100% Wide zone of mineralisation Shares on Issue For personal use only Rio Lithium 100% 11.9Mt Li2O Resource Company Market Cap2 407.4m Waratah Well Lithium 100% Mineralised pegmatites
Slide 5: Strong Executive Team
ASX:ZNC Andrew Smith Geoff Rogers Euan Jenkins Managing Director/CEO Non-Executive Director Non-Executive Director Since 2024 Since 2023 Since 2024 Andrew Smith is a Geoff Rogers is a Euan brings 31 years of Strong seasoned mining executive corporate and resources global banking experience, leading
Slide 6: Zenith's Australian Gold Portfolio
Zenith's Australian Gold Portfolio Going for Gold: Zenith is highly focused on its 100%-owned Dulcie Far North Project For personal use only (DFN), located on a Mining Lease in the Kalgoorlie-Boulder region of Western Australia, where it intends to significantly grow the current JORC Mineral Resourc
Slide 7: Dulcie Far North (DFN) – Gold (WA)
Dulcie DulcieFar FarNorth North(DFN)– (DFN) -Gold (WA) 210koz @ 210k 1.3g/t Au and growing in WA ounces @>1g/t and growing • Strategic Location & Infrastructure – 100%-owned mining lease with sealed-road access, strategically located only 35km from the For personal use only operational Marvel Loch P
Slide 8: DFN Drilling – 2025
DFN Drilling – 2025 • Completed programme: 38 RC holes for 5,645m, including 4 holes at regional analogues (Fuego and Nieve) 2. • Early results: Confirmed existing lodes and discovered additional stacked lodes beneath the main shear zone. For personal use only • System extended: Gold mineralisation
Slide 9: DFN Drilling – 2025
DFN Drilling – 2025 • Resource growth & classification: Drilling significantly enhances confidence and scale of For personal use only the existing Inferred Resource. • Geological validation: Results support the current model and highlight clear pathways for future expansion. • Next steps: o Final as
Slide 10: Gold Exploration – Split Rocks
Gold Exploration – Split Rocks • Underexplored tenure: Historical focus on lithium means gold potential For personal use only remains largely untested across the district. • Large-scale ownership: Zenith holds 100% of the Split Rocks land package. • Target generation: 13 priority gold targets identi
Slide 11: Dulcie Far North – Regional Opportunity
Dulcie DulcieFar FarNorth North -–Regional RegionalOpportunity Opportunity • RC drilling completed: Two regional prospects tested with results due in mid-May 2025; • Fuego: 3 holes for 648m For personal use only • Nieve: 1 hole for 132m • Assays pending: - Both prospects show strong structural align
Slide 12: Red Mountain – A Tier-1 Gold & Critical Minerals Discovery Target
Red Mountain – A Tier-1 Gold & Critical Minerals Discovery Target Strategic Location: Red Mountain is located in Queensland’s Auburn Arc – a For personal use only proven gold province hosting multi-million-ounce deposits including Mt Rawdon and Cracow. Excellent infrastructure: close proximity to se
Slide 13: Mt Wright – Analogue for Red Mountain
MtMtWright Wright-Analogue for for – Analogue RedRed Mountain Mountain • Relationship of Au-Bi-Sb For personal use only chemistry indicates drilling to date has been too shallow. • Geochemical data points to presence of a fertile magmatic cupola situated beneath the rhyolites on the western Fertile
Slide 14: Red Mountain – 2025 Drilling Plans
Red RedMountain Mountain-2025 Drilling – 2025 Plans Drilling Plans • $275,000 CEI Grant Secured: QLD Government grant awarded to support deep drilling and geophysical studies at Red Mountain. • IRGS & Porphyry Target: RSC review confirms Red Mountain displays the hallmarks of a vertically zoned IRGS
Slide 15: Why Invest
WHY INVEST Going for Gold | Zenith is muscling up to 'go for gold' at Dulcie Far North, with the aim of significantly growing the current Inferred MRE of 5.1Mt @ 1.3g/t Au for 210koz Au. For personal use only Driving to Production | Located on a Mining Lease in Western Australia driving to develop D
Slide 16: Competent Person Declaration
Competent Person Declaration The information in this presentation relating to Exploration Results is based on and fairly represents information compiled by Mr Daniel Greene, a Member of the Australian Institute of Geoscientists and an employee of Zenith Minerals Limited. Mr Greene has sufficient exp
Slide 17: Appendix
For personal use only APPENDIX
Slide 18: Auburn Gold Prospect
Auburn Gold Prospect Located in a Highly Prospective Gold Belt • Situated within the Auburn portion of the Connors-Auburn Arc, part of the New England Orogenic Belt, which hosts major gold and base metal deposits. For personal use only • Proximity to Cracow Epithermal Gold Deposit (multi-million oz)
Slide 19: Privateer Gold Prospect
Privateer Gold Prospect Strategic Location in a Proven Gold Belt • 100% owned project in Queensland’s Auburn portion of the Connors-Auburn Arc. • Region hosts significant gold deposits, including Cracow Gold Mine (multi-million oz), located 70km to the west. For personal use only High-Grade Gold Pot
Slide 20: Cowarra Gold Project – Forgotten gold mine in Lachlan Fold Belt
Cowarra Gold Project – Forgotten gold mine in Lachlan Fold Belt • Location & Ownership • Located in the Lachlan Fold Belt, New South Wales, a region renowned for high-grade gold deposits. For personal use only • Zenith holds a 26% stake in Oxley Resources (a private company with low cash burn), ensu
Slide 21: Additional Zinc Exposure via Earaheedy JV – Free Carry
Additional Zinc Exposure via Earaheedy JV – Free Carry • Strategic Zinc Exposure: Zenith holds a 25% free-carried interest (through to completion of Bankable Feasibility Study) in the Earaheedy For personal use only Zinc JV with Rumble Resources (ASX: RTR), initially announced on 28 October 2024. •
Slide 22: Two Western Australia Lithium Projects
Two Western Australia Lithium Projects For personal use only Split Rocks (Rio Lithium Project) • JORC Resource: Inferred Resource of 11.9Mt @ 0.72% Li₂O (0.5% Li₂O cut-off), strategically located near Mt Holland Lithium Mine. 1 • Best Intersections: 26m @ 1.2% Li₂O, including 13m @ 1.9% Li₂O.2 Warat
Slide 23: Rio Lithium Project (Split Rocks WA)
Rio Lithium Project (Spilt Rocks WA) • Rio Lithium Resource: Maiden Inferred Mineral Resource estimate reported at a 0.5% Li₂O cut-off; resource remains open at depth and For personal use only along strike. • Recent Drilling Success: Zenith completed targeted lithium drilling at Split Rocks, interse
Slide 24: Australia-Focused Diversified Mineral Developer
For personal use only AUSTRALIA-FOCUSED DIVERSIFIED MINERAL DEVELOPER Zenith Minerals Limited (ASX:ZNC) www.zenithminerals.com.au