Mont Royal Resources Ltd. · ASX:MRZ
Mont Royal Resources — PDAC 2026
19 slides from Mont Royal Resources's conference presentation, March 2026
Slide 1: Ashram Rare Earths Project, Canada: Waking a Sleeping Giant
A sh r a m R ar e E a r t h s P ro j e c t , C a n a d a : Waking a Sleeping Giant Mont Royal Resources Limited (ASX: MRZ / TSXV: MRZL) PDAC Presentation March 2026
Slide 2: Important Notice and Disclaimers
Important Notice and Disclaimers Forward looking statements Mont Royal Resources Limited This presentation contains certain “forward looking statements” within the meaning of Australian securities laws and “forward looking information” within the meaning of Canadian securities laws (collectively ref
Slide 3: Key Value Drivers
Key Value Drivers Key ingredients in place to create rapid shareholder value Mont Royal Resources Limited 1 2 3 Ashram Rare Earths Project New Industry Leading Team Strong Market Outlook • Large resource, Strong grades • New team with a strong track • REE demand has tripled in past • Strong metallur
Slide 4: A Focused Critical Minerals Company
A Focused Critical Minerals Company Mont Royal Resources Limited Right time, right place, right team for Canadian-focused rare earths developer Strategic Assets Advanced Ashram REE & Fluorspar Project Earlier stage Eldor Niobium Project and the Northern Lights Gold-Copper-Lithium Project All located
Slide 5: Indigenous Communities
Indigenous Communities Mont Royal strives to maintain a transparent engagement process with our key stakeholders Mont Royal Resources Limited Mont Royal has engaged openly from an early stage with all related First Nations communities, - particularly as part of the comparative access road study. A s
Slide 6: Ashram Deposit – REE and Fluorspar Resource
Ashram Deposit – REE and Fluorspar Resource Tier-1 scale REE deposit with potential high-value by-products Mont Royal Resources Limited The deposit has a high NdPr distribution of 21.2% NdPr (Indicated) and 21.4% NdPr (Inferred)1, exceeding that of several active global producers. Mineral resources
Slide 7: BD Zone – A New Resource Story
BD Zone – A New Resource Story Potential to add additional resource tonnes Mont Royal Resources Limited • Bastnaesite, parisite and synchysite mineralogy • Larger Grain Size than the A and B Zones – conducive to flotation • Improved heavy REE to light REE ratio • Strong in-situ basket • Heavy REE gr
Slide 8: Metallurgical Testwork
Metallurgical Testwork Optimisation work on a robust flowsheet continues Mont Royal Resources Limited Auralia Metallurgy Technology Partners • No new testwork is being considered for the current PEA study • New Flotation and Hydromet programmes to build on an already robust flowsheet • Flotation - 7
Slide 9: Ashram REE Value Chain
Ashram REE Value Chain A staged, lower-risk approach to development in the REE Supply Chain Mont Royal Resources Limited Mont Royal will focus on the first three steps Steps 4 and beyond will be industry partnerships and JVs Current focus Future JV or Collaboration with 3rd Parties 1 2 3 4 5 6 7 Oxi
Slide 10: Engineering
Engineering PEA Study is well progressed Engineering Partners Mont Royal Resources Limited Altris Engineering appointed Engineering lead on PEA restart • Key changes to project Process Design Criteria now include: • Southern access route to Schefferville now defined – increases operability reduces c
Slide 11: Long Mine Life
Long Mine Life PEA 30 Year Pit Shell is only the beginning.. Mont Royal Resources Limited Robust mining metrics PH3 shown equates to 30 years of mine feed to the Flotation plant feed or 25% of the resource tonnage only. PH3 is 53Mt plant feed @1.88% TREO Strip Ratio of 0.3:1, provides strong economi
Slide 12: Road Access
Road Access Southern Access Route Preferred Mont Royal Resources Limited • Study completed by BBA and Nuna Resources with input from First Nations groups and the Provincial Government • ~300km Southern Access Route to Schefferville preferred by MRZ, First Nations and MRZ • Will allow all year-round
Slide 13: Port of Saguenay
Port of Saguenay A Future Critical Minerals Processing Hub Mont Royal Resources Limited • MoU recently signed with Port Authority • Saguenay Industrial complex offers deepwater port container facilities • Close to City of Saguenay - Population 170k • Good ecosystem of skilled workers and support ser
Slide 14: Development Strategy
Development Strategy Unlocking a globally significant rare earths asset Mont Royal Resources Limited Diversify Downstream Collaborate and JV with industry to capture additional value along the REO and magnet supply chain • Progress opportunities to participate Unlock Value from further down the valu
Slide 15: Ashram Project – Development Gaining Momentum
Ashram Project – Development Gaining Momentum Strong platform for growth with multiple upcoming catalysts Mont Royal Resources Limited Priorities With a Development Focus • PEA internal review ongoing – re-launch and complete PEA Study with a staged approach • Commence environmental baseline studies
Slide 16: Corporate Overview
Corporate Overview Mont Royal Resources Limited Financial Data Trading Code ASX:MRZ TSXV:MRZL Share Price $0.22 (25/02/2026) Shares on Issue 191.4m Market Capitalisation $43m Board and Management Non-Executive Chairman Cameron Henry Managing Director Nicholas Holthouse With an Enterprise Value of ap
Slide 17: Contact
Mont Royal Resources Limited ASX:MRZ TSXV:MRZL Nick Holthouse Managing Director Peter Ruse Corporate Development Contact: info@montroyralres.com Nicholas Read Investor and Media Relations nicholas@readcorporate.com.au
Slide 18: Appendices
APPENDICES
Slide 19: Mineral Resource Statement (as at April 2024) cont.
Mineral Resource Statement (as at 4 April 2024) cont. Notes to Mineral Resource Table: Originally reported under CIM/NI 43-101. Mont Royal Resources Limited 1. Mineral Resources are not Mineral Reserves as they have not demonstrated economic viability. The quantity and grade of reported Inferred Res