Native Mineral Resources Holdings Ltd. · ASX:NMR
Native Mineral Resources — Investor Presentation (July 2025)
59 slides from Native Mineral Resources's investor presentation, July 2025
Slide 1: Charters Towers Gold Operation Overview
Charters Towers Gold Operation Overview NATIVE MINERAL RESOURCES HOLDINGS (ASX:NMR)
Slide 2: Important Notices & Disclaimers
Important Notices & Disclaimers Important Notices This presentation (“Presentation”) has been prepared by Native Mineral Resources Holdings Limited (NMR) and is authorised for release by the Board of Directors of NMR. It is intended to be read in conjunction with the accompanying important notices a
Slide 3: Important Notices & Disclaimers (additional)
Important Notices & Disclaimers (additional) Not for release to US wire services or distribution in the United States The distribution of this presentation (including an electronic copy) in the United States and elsewhere outside Australia is restricted by law. If you come into possession of this pr
Slide 4: Content Outline
Content Outline 01 Company Overview 02 Gold Assets Overview 03 Blackjack Infrastructure Overview 04 Road To First Gold 05 Near Term Strategy 06 Capital Raise Details 07 Progress Photos 08 Key Risks NATIVE MINERAL RESOURCES HOLDINGS LTD (ASX:NMR) 4
Slide 5: Company Overview – Background
Company Overview – Background Who is NMR? Strategic Shift and Asset Acquisition Established in 2019 as a private company to acquire In early 2023, NMR shifted its strategy to focus on acquiring near- exploration permits across the Palmerville region in North production-ready gold assets. Queensland.
Slide 6: Company Overview – Corporate Structure
Company Overview – Corporate Structure NATIVE MINERAL RESOURCES HOLDINGS LIMITED 100% ACN 643 293 716 100% NATIVE MINERAL RESOURCES BLACKJACK MILLING PTY LTD 99.94% FORTIFIED GOLD PTY LTD PTY LTD (Formerly MAROON GOLD PTY LTD) ACN 612 888 052 ACN 625 453 929 ACN 619 978 648 PALMERVILLE / MANEATER BL
Slide 7: Board & Management Team
Board & Management Team Strong alignment with shareholders representing 18.7%1 of total shares on issue Blake Cannavo James Walker Chris Jacobs Greg Curnow Managing Director & CEO / BOD Non-Executive Chair / BOD Chief Financial Officer Chief Geologist • Over 25 years of experience in mining and • Wi
Slide 8: Company Overview
Company Overview Share Price History # Shareholder Shares % 1 W & E MAAS HOLDINGS PTY LTD 170,000,000 18.51 $0.25 2 BOC HOLDINGS PTY LTD3 142,263,384 15.49 3 MR NICHOLAS LONSDALE 24,748,186 2.69 $0.20 4 H & C WELLBEING PTY LTD 22,043,083 2.44 5 MR DEAN ROBERT MELLERS 21,250,000 2.31 $0.15 6 MX NOMIN
Slide 9: Gold Assets Overview
Gold Assets Overview
Slide 10: Gold Assets Overview – The Acquisition
Gold Assets Overview – The Acquisition Approx. 400km² of assets near Charters Towers: • 17 granted Mining Leases (MLs); 1 Mineral Development License (MDL); 7 Exploration Permits for Minerals (EPMs) Blackjack historic mine • Located on MLs • CIL gold processing plant – one of only 3 processing plant
Slide 11: Blackjack Mine Overview
Blackjack Mine Overview TSF Decant Stormwater Tailings Storage Facility Planned 100 Men Camp Area Sediment Dam (TSF) – 20.2ha Laboratory Borrow Area 1 Main Access Main Administrative Area Pregnant Pond Crushing & Processing Plant Lubra Pit (South Pit) Laydown Area Borrow Area 2 Ergon Switchyard ROM
Slide 12: Far Fanning Mine Overview
East Pit Far Fanning Mine Overview Main Pit Office / Camp Long Pit Ore Sorter Decommissioned Mill Site
Slide 13: Blackjack Mine and John Bull Deposits
Blackjack Mine and John Bull Deposits
Slide 14: Blackjack & John Bull Deposits
Blackjack & John Bull Deposits • Historic Blackjack and John Bull underground workings were intermittently mined from 1875 to 1889 [1] • Workings: 7 levels, up to 350m long, reaching a depth of 230m [2] • John Bull lies beneath the Blackjack treatment plant and Overview care will be needed not to in
Slide 15: Far Fanning Mine
Far Fanning Mine
Slide 16: Far Fanning Overview
Far Fanning Overview • Host Rocks: Devonian Dotswood Group (arkoses, conglomerates, shales, siltstones, tuffaceous sediments) • Intrusives: Permo-Carboniferous Mt Kitty O'Shea Suite (dolerite, diorite, gabbro) • Geological Structure: Located on the Geology northern limb of the Kitty O’Shea Anticline
Slide 17: Far Fanning Overview
Far Fanning Overview • Total Drilling: 881 holes for 44,605 metres of historical drilling. [1] • Depth: Majority shallow, with only 102 holes exceeding 100 metres. Drill Inventory • Focus Areas: Drilling concentrated on the Main, Long, and East pits. • Exploration Potential: Minimal drilling outside
Slide 18: Far Fanning Overview
Far Fanning Overview Historical • Estimated total production: 664 KT @ 2.2g/t Au for Mining 47,000 oz gold in two phases [1] • Current MRE: 2.3MT @ 1.80g/t Au for 138,000 oz gold (Inferred) [2] • Resource Areas: Divided into 9 domains across 3 pits; Main Pit (5 domains); Long Pit (3 domains); East P
Slide 19: Far Fanning – Oct 2024 NMR Sampling Campaign
Far Fanning – Oct 2024 NMR Sampling Campaign [1] [1] NMR announcement dated 08/11/2024 (https://nmresources.com.au/) 19
Slide 20: Far Fanning – Oct 2024 NMR Sampling Campaign
Far Fanning – Oct 2024 NMR Sampling Campaign [1] Sample FF001 Sample FF002 Sample FF003 Sample FF004 Sample 621 (1.56g/t Au) (72.5g/t Au) (35.7g/t Au) (65.5g/t Au) (81.5g/t Au) Sample 633 (29.40g/t Au) Sample 615 Sample FF005 Sample FF006 Sample FF007 (10.80g/t Au) (40.6g/t Au) (2.48g/t Au) (53.8g/t
Slide 21: Road To First Gold
Se native © eae cources
Slide 22: Completed Key Events Q4 2024 – Q1 2025
Completed Key Events Q4 2024 – Q1 2025 14-Feb-25 Completed Fenceline & Gate Installation 20-Dec-24 Site Grading & Earthwork Completed 13-Feb-25 Arrival of 500kVA genset 16-Mar-25 3-Dec-24 18-Mar-25 7-Feb-25 Completed Network, CCTV & BEE HV/Control Sys Inspection Conferencing Equipment EWF Fire Hydra
Slide 23: Completed Key Events Q2 2025
Completed Key Events Q2 2025 22-Apr-25 TSF Northern Cell Vegetation & Stripping Completed 21-Apr-25 20-May-25 26-Jun-25 Execution of ERP NetSuite Agreement Approval of Cyanide Permit Renewal by Qld Health • TSF Embankment Lift Complete 15-May-25 • Gas Line Installation by Origin @ Goldroom 19-Apr-25
Slide 24: Remaining Key Events to Full Production
Remaining Key Events to Full Production 15/7 Area 02: Ball Mill Ore Commissioning by BLA 3/7 16/7 First Ore @ ROM PAD Area 03: Install 3 rd Set of Blades @ CIL Tank #1,2,3,4,5 1/7 15/8 - 18/8 22/7 Final Performance Testing & TSF New Pipeline Install & Test Complete First Gold Handover to Operations
Slide 25: First Gold – Key Partners, Contractors, Suppliers & Consultants
First Gold – Key Partners, Contractors, Suppliers & Consultants 25
Slide 26: Near Term Strategy
Near Term Strategy Development of Power Grid Existing Assets & Plant Optimisation and Development of 100- Development of New Connection Commencement of Far Expansion Man Camp Tailings Storage Facility (Q4 2025 – 2026) Fanning Mining (Q4 2025 – 2026) Objective: Construct a Objective: Ramp-up Objectiv
Slide 27: Capital Raise Overview
Capital Raise Overview
Slide 28: Capital Raise Overview
Capital Raise Overview • The Company has received firm commitments for A$10 million by way of a placement (“Placement”) through the issue of 62.5 million new fully paid ordinary shares in the Company (“New Shares”) at A$0.16 per New Share. The Placement will be conducted within the Offer Overview Co
Slide 29: Sources & Use of Funds
Sources & Use of Funds Funds raise through the Offer will be used to support the remaining capital works and associated working capital as the Blackjack Mill ramps up in Q3 CY2025. Plant commissioning and remaining balance of plant refurbishment costs Sources A$M • Completion of construction, punch
Slide 30: Progress Photos June 2025
Progress Photos June 2025 Please review ASX Announcements: • Update 27th Jun 2025 • Update 18th Jun 2025 • Update 10th Jun 2025 • Update 21st May 2025 • Update 28th Apr 2025 • Update 24th Mar 2025 • Update 18th Feb 2025 • Update 14th Jan 2025 • Update 19th Dec 2024
Slide 31: Blackjack Plant
Blackjack Plant 31
Slide 32: Crushing & Screening Facility
Crushing & Screening Facility 32
Slide 33: Crushing & Screening Facility
Crushing & Screening Facility 33
Slide 34: Processing Facility
native Processing Facility resources
Slide 35: Processing Facility
Processing Facility 35
Slide 36: Processing Facility
Processing Facility 36
Slide 37: Newly Installed Goldroom
Newly Installed Goldroom 37
Slide 38: Laboratory
native resources Laboratory
Slide 39: Resource Drilling
native resources Resource Drilling
Slide 40: Tailings Storage Facility
Tailings Storage Facility 40
Slide 41: Tailings Storage Facility
Tailings Storage Facility 41
Slide 42: Mining Fleet
Mining Fleet Hite resources
Slide 43: Initial Benching at South Pit
Initial Benching at South Pit 43
Slide 44: Blast Holes Charged at Blackjack South Pit
Blast Holes Charged at Blackjack South Pit 44
Slide 45: First Production Blast at Blackjack South Pit
First Production Blast at Blackjack South Pit 45
Slide 46: Goldroom Tilt Smelting Furnace Ready for First Pour
Goldroom Tilt Smelting Furnace Ready for First Pour 46
Slide 47: Key Risks
(©) native mineral resources Key Risks
Slide 48: Key Risks
Key Risks The Company is on track for first gold production in July 2025, with commissioning activities accelerating across the processing plant, mining operations, and supporting infrastructure. Gold price volatility and exchange rate As a gold producing entity, the Company’s revenues will be expos
Slide 49: Key Risks (cont.)
Key Risks (cont.) The Company’s exploration and production may be hampered by adverse developments in mining, heritage and environmental legislation, industrial accidents, industrial disputes, cost overruns, failure to achieve predicted grades in exploration and mining, operational and technical dif
Slide 50: Key Risks (cont.)
Key Risks (cont.) Costs at any particular mining location are subject to variation due to a number of factors, such as variable ore grade, changing metallurgy and revisions to mine plans in response to the physical shape and location of the ore body, as well as the age and utilisation rates for the
Slide 51: Key Risks (cont.)
Key Risks (cont.) The Australian resource economy is currently very active with a shortage of skilled labour and historically strong gold prices. There is a high demand in Australia for skilled workers from competing operators. Tightening of the labour market due to a shortage of skilled labour, com
Slide 52: Key Risks (cont.)
Key Risks (cont.) Interests in tenements in Australia are governed by state legislation and are evidenced by the granting of licences or leases. Each licence or lease is for a specific term and has annual expenditure and reporting commitments, together with other conditions requiring compliance. The
Slide 53: Key Risks (cont.)
Key Risks (cont.) Climate change is a risk the Company has considered, particularly related to its operations in the mining industry. The climate change risks particularly attributable to the Company include: • the emergence of new or expanded regulations associated with the transitioning to a lower
Slide 54: Key Risks (cont.)
Key Risks (cont.) There are risks associated with any securities investment. The prices at which the securities trade may fluctuate in response to a number of factors. Furthermore, the Securities stock market, and in particular the market for exploration and mining companies may experience extreme p
Slide 55: International Offer Restrictions
5 5 International Offer Restrictions 55
Slide 56: International Offer Restrictions
5 6 International Offer Restrictions Canada (British Columbia, Ontario and Quebec provinces) This document constitutes an offering of New Shares only in the Provinces of British Columbia, Ontario and Quebec (the “Provinces”), only to persons to whom New Shares may be lawfully distributed in the Prov
Slide 57: International Offer Restrictions
5 7 International Offer Restrictions European Union (excluding Austria) This document has not been, and will not be, registered with or approved by any securities regulator in the European Union. Accordingly, this document may not be made available, nor may the New Shares be offered for sale, in the
Slide 58: International Offer Restrictions
5 8 International Offer Restrictions Singapore This document and any other materials relating to the New Shares have not been, and will not be, lodged or registered as a prospectus in Singapore with the Monetary Authority of Singapore. Accordingly, this document and any other document or materials i
Slide 59: Contact Us
Contact Us Blake Cannavo CEO / Managing Director Tel: 0457 777 880 Email: blake@nmresources.com.au Tel: +61 2 6583 7833 Email: info@nmresources.com.au Suite 10, 6-14 Clarence St, Port Macquarie, NSW 2444 NATIVE MINERAL RESOURCES HOLDINGS (ASX:NMR)
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