Slide 1: Raiden Resources Investor Presentation May 2023
For personal use only RAIDEN RESOURCES INVESTOR PRESENTATION MAY 2023 ASX:RDN DAX:YM4
Slide 2: Disclaimer
Disclaimer CAUTIONARY AND FORWARD-LOOKING STATEMENTS ASX Announcements referenced in this presentation This presentation does not constitute investment advice. This presentation has been prepared by 1 ASX:RDN announcement 13 April 2023 Sale of Majdanpek West project for $300k and royalty Raiden Reso
Slide 3: Corporate Overview & Structure
Corporate Overview & Structure CAPITAL STRUCTURE (Undiluted) TOP HOLDERS Share price at record lows ahead of significant milestones MARKET CAP ~$5.56M Top 20 ~47% & defined intrinsic value For personal use only at A$0.003 (05/05/2023) Top 50 ~67% SHARES ON ISSUE ~1,854M Top 100 ~80% ➢ Maiden JORC mi
Slide 4: Board & Management
Board & Management MICHAEL DAVY - Non-Executive Chairman DUSKO LJUBOJEVIC - Managing Director For personal use only Australian business executive with extensive experience in the Geologist with extensive global mining and exploration experience in Europe, Australian oil, gas and resources sectors. M
Slide 5: De-risked Ni-Cu-Co-PGE Sulphide Project
Mt Sholl – De-risked Ni-Cu-Co-PGE Sulphide Project • Technically de-risked through ∼80,000m of historical drilling & confirmed through For personal use only further 4,200m drill campaign in 2022 • Currently the largest & only open pit resource in district (23.4Mt @ 0.6% Ni_Eq or 1.54% Cu_Eq @ 0.35%
Slide 6: Maiden JORC Resource
Mt Sholl – Maiden JORC Resource 3E Tonnes Ni Cu Co 3E1 Ni Metal Cu Metal Classification (Pd, Pt, Au) Mt % % ppm g/t kt kt oz For personal use only Open Pit Indicated 10.5 0.39 0.45 134 0.32 41.0 47.3 108,031 Inferred 9.8 0.29 0.32 78 0.32 28.4 31.3 100,715 Total 20.3 0.34 0.39 107 0.32 69.34 78.6 20
Slide 7: JORC Exploration Target
Mt Sholl – JORC Exploration Target ➢ JORC Exploration target*: For personal use only 80 – 150Mt @ a grade range of 0.45 – 0.75% Ni_Eq or 1.15 – 1.95% Cu_Eq) 2 ➢ Exploration target is based on geological extensions of target units to depth and along strike; magnetic, VTEM and EM anomalies defined ove
Slide 8: B2 Deposit
Mt Sholl - B2 Deposit For personal use only Cross-section B2 pit and mineralisation – view to the north B2 pits and mineralisation – view to the west RAIDEN RESOURCES INVESTOR PRESENTATION 8
Slide 9: B1 Deposit
Mt Sholl – B1 Deposit For personal use only Long-section B1 pit and mineralisation – view to the northwest Oblique view of B1 pit and mineralisation – view to the south Open at depth RAIDEN RESOURCES INVESTOR PRESENTATION 9
Slide 10: A1 & Kudos Deposits
Mt Sholl – A1 & Kudos Deposits For personal use only Kudos pit and mineralisation – view to the south A1 pit and mineralisation – view to the southeast Open at depth Open at depth RAIDEN RESOURCES INVESTOR PRESENTATION 10
Slide 11: Mineralisation Styles & Metallurgical Characteristics
Mt Sholl – Mineralisation Styles & Metallurgical Characteristics For personal use only 22B2DD003 (40.2-42.0 metres – NQ core 47.6mm diameter) 1.8m @ 2.32% Ni_Eq Strongly mineralised dolerite with disseminated angular blebs of fine-grained pyrrhotite and pentlandite with minor chalcopyrite 22B2DD005
Slide 12: Near-term targets & resource extensions
Mt Sholl – Near-term targets & resource extensions For personal use only • Mineralisation outcropping and along a well-defined contact - only 4km of >10km contact drill tested to date • Existing resource open along strike, laterally and to depth (shallow drilling required to test extents). • Shallow
Slide 13: Near-term targets & resource extensions
Mt Sholl – Near-term targets & resource extensions 2022 drilling campaign – B2 For personal use only cross sections (Cu_Eq grades) • Deposit is defined by limited number of drill holes • Mineralisation remains open laterally in both directions • Raiden 2022 twin drilling results are on average highe
Slide 14: Near-term targets & resource extensions
Mt Sholl – Near-term targets & resource extensions B1 Deposit long section (Cu_Eq grades) A1 Deposit long section (Cu_Eq grades) For personal use only RAIDEN RESOURCES INVESTOR PRESENTATION 14
Slide 15: Near-term targets & resource extensions
Mt Sholl – Near-term targets & resource extensions 2022 drilling campaign – B2 long For personal use only section (Northern extent, Cu_Eq grades) • Northern extent of B2 deposit defined by high grade and wide intercepts at shallow depths • Historical feasibility study12 for a starter open pit indica
Slide 16: Infrastructure scenario set for development
Mt Sholl – Infrastructure scenario set for development For personal use only • Road access through the Mt Sholl property allowing for effective drill rig positioning with minimal disturbance • Multiple power sources as close as 3 km from the property • 22km south of the Karratha mining support city
Slide 17: Gold Potential
Mt Sholl – Gold Potential For personal use only • Historical drilling points to a separate high-grade gold mineralisation event on the project area • Mineralisation is defined through historical drilling, mapping, soil and rock sampling • Mineralisation appears to be associated with NW-SE trending s
Slide 18: Path to Value Generation at Mt Sholl
Path to Value Generation at Mt Sholl 1 – Commencement of Metallurgical Studies For personal use only ➢ Focus on defining optimal path for flotation of concentrates ➢ Evaluate ore-sorting technologies. Analogous deposits show potential for significant grade increases ➢ Determine path & viability to g
Slide 19: Comparable Value Proposition & Path to Value Generation
Comparable Value Proposition & Path to Value Generation 816 Resource Advancing to studies Study Phase 702 For personal use only Production EV/Ni_Eq Resources (US$/t) Median ~US$126/t Median ~US$221/t Resource 236 224 219 221 Growth 84 126 42 Raiden Palladium One Duketon Cannon Azure Minerals Widgie
Slide 20: Arrow Project – Geological analogue to Hemi Deposit
Arrow Project (100% RDN) – Geological analogue to ASX:DEG Hemi Deposit Arrow – Hemi Comparison For personal use only ✓ 35km Along Strike Of Hemi Deposit ✓ Hosted within Malina formation ✓ Associated with Wohler shear ✓ Defined by multi-kilometre (Au-As-Sb) geochemical anomalies ✓ Altered metasedimen
Slide 21: Vuzel Project (Bulgaria) – Epithermal Gold Discovery
Vuzel Project (Bulgaria) – Epithermal Gold Discovery OVERVIEW6 For personal use only ▪ Epithermal gold discovery defined by drilling & channel sampling. Raiden has option to buy out 100% of the project for A$400k (26.5km2) or earn into 90% by defining a JORC resource ▪ Significant potential for a ne
Slide 22: BG1 Project (Bulgaria) – Drilled Porphyry Deposit
BG1 Project (Bulgaria) – Drilled Porphyry Deposit OVERVIEW7 ▪ 100% Raiden – (19km2). Cu-Au porphyry deposit defined by historical For personal use only drilling (historical resource defied through 28 drill holes). No exploration since the early 1970’s. No modern application of geochemistry or geophy
Slide 23: Value Generation & Upside from Non-Core Assets
Value Generation & Upside from Non-Core Assets ✓ August 2022 – Sale of 100% Myrnas Hill project (Aus) to ASX: AS2 in a stock/cash transaction (A$220k realised value)5 For personal use only ✓ January 2023 - Option/Earn in over 75% of Zlatusha project (Bulgaria) to TSX-V: VLC for C$1m in cash and VLC
Slide 24: Key Investment Highlights
Key Investment Highlights ➢ Open pit Ni-Cu-PGE sulphide project in a Tier-1 jurisdiction with excellent infrastructure For personal use only ➢ High likelihood of grade & tonnage increase with further drilling ➢ Targets permitted for drilling - Aboriginal access agreement in place and heritage survey
Slide 25: Contact
For personal use only DUSKO LJUBOJEVIC (Managing Director) E: dusko@raidenresources.com.au A: Suite 7, 63 Shepperton Road, Victoria Park, WA AUS 6100
Slide 26: Peer Comparison Table
Peer Comparison Table Resource Company Code Project Stage EV (US$m) EV/NiEq t (US$) Resource tonnes NiEq Grade (%) Information Source Category Indicated & Raiden Resources ASX:RDN Mt Sholl Resource 5.5 42 23.4 0.56% ASX Announcement 03/04/2023 For personal use only Inferred Indicated & 43-101 Techni
Slide 27: Drill Intercept Table
Drill Intercept Table From To Interval From To Interval Prospect Hole ID Ni % Cu % Co ppm Pd g/t Pt g/t Au g/t Ag g/t Ni Eq % Cu Eq % 3E g/t Prospect Hole ID Ni % Cu % Co ppm Pd g/t Pt g/t Au g/t Ag g/t Ni Eq % Cu Eq % 3E g/t (m) (m) (m) (m) (m) (m) B2 22B2DD001 43 67.5 24.5 0.52 0.75 207 0.68 0.13