Slide 1: Company Presentation
For personal use only Company Presentation CASPIN RESOURCES (ASX: CPN) GREG MILES, Managing Director 25 August 2026 A grey globe with black background Icon A white and black logo AI-generated content may be incorrect. Description automatically generated AI-generated content may be incorrect. www.cas
Slide 2: Disclaimer
DISCLAIMER The information contained in this presentation is for informational purposes only and does not constitute an offer to issue, or arrange to issue, securities or other financial products. The information contained in this presentation is not investment or financial product advice and is not
Slide 3: Corporate Overview
CORPORATE OVERVIEW Successful exploration, corporate and capital markets team CPN – ASX Share Performance (6 months) LEADERSHIP TEAM $0.20 4,000,000 Volume Close $ For personal use only $0.18 3,600,000 $0.16 3,200,000 $0.14 2,800,000 $0.12 2,400,000 $0.10 2,000,000 $0.08 1,600,000 $0.06 1,200,000 $0
Slide 4: Projects
PROJECTS BYGOO TIN PROJECT, New South Wales Australian projects offering a diverse mix of • 100% owned commodities and excellent opportunity to add value through exploration and discovery For personal use only • Growing Australia’s highest-grade, open pit tin resource YARAWINDAH BROOK PROJECT, Weste
Slide 5: Tin: A high value metal
Tin: A high value metal 1 Year Commodity Price Comparative - Tin vs Copper (USD/T) Copper Tin For personal use only $18,000 $55,000 $16,000 $45,000 $14,000 $35,000 $12,000 $25,000 $10,000 $8,000 $15,000 $6,000 $5,000 20/08/2025 20/09/2025 20/10/2025 20/11/2025 20/12/2025 20/01/2026 20/02/2026 20/03/
Slide 6: The Original Critical Metal
The Original Critical Metal • Tin’s outstanding price performance over past 12 months • Production dominated by developing countries compared to copper and gold • Limited new supply For personal use only • Increasing demand in electronics: Data centers New solar cell technology EV growth World
Slide 7: Bygoo – An Emerging Tin Project
BYGOO – An Emerging Tin Project In the heart of the Wagga Tin Granite Belt, NSW • 100% ownership of the Bygoo Tin Project covering 1,500km2 For personal use only • Surrounds the Ardlethan Tin Mine (excised), which was the largest tin mine on mainland Australia, producing >31kt Sn until 1986 Maiden
Slide 8: Maiden Resource Estimate – Kelpie Deposit
Maiden Resource Estimate – Kelpie Deposit A significant step towards a viable mining project • Inferred Mineral Resource Estimate of: For personal use only 3.94Mt @ 0.5% Sn for 19,300t of contained tin • Very robust estimate based on >20,000m of drilling • Defined within an optimised pit shell to 19
Slide 9: Latest News – New Errol's Zone Discovery
Latest News – New Errol’s Zone Discovery High-grade results outside Kelpie resource envelope • 20m @ 2.11% Sn from 107m (BRC055) • Very shallow mineralisation and well outside existing resource – demonstrates growth potential For personal use only Caspin’s best drill intersection at the Project to
Slide 10: Kelpie Deposit - Metallurgy Results
Kelpie Deposit - Metallurgy Results Excellent Results with simple flowsheet = Competitive Advantage • Clean cassiterite (SnO2) mineralisation For personal use only • Results compare favourably to every tin mine and development project Recoveries commonly circa 75-80% • Options to develop either a
Slide 11: A District-Scale Opportunity
A District-Scale Opportunity Discovery of new deposits a key part of Caspin’s strategy • Kelpie Deposit and extensions represent just 5% of the prospective For personal use only eastern contact of the Ardlethan Granite • 20km of prospective contact and key structures, with very little modern explora
Slide 12: The Moss Prospect – A Kelpie Look-a-like
The Moss Prospect – A Kelpie Look-a-like Exploring a blind greisen target • Part of >1,000m geochemical tin anomaly associated with Kelpie For personal use only • Similar IP and gravity signatures to Kelpie, identifying potential mineralised structures • Initial drilling completed – results pending
Slide 13: Ardlethan: Australia's Largest Mainland Tin Producer
Ardlethan: Australia’s Largest Mainland Tin Producer First systematic exploration for forty years • Developing targets at Ardlethan East and Ardlethan South adjacent to the For personal use only Ardlethan Mine (>31kt Sn production) • Intersection of large alteration halos (>100m) with anomalous tin
Slide 14: Kelpie – A Significant Australian Tin Project
Kelpie – A Significant Australian Tin Project 1 For personal use only Kelpie is an 1. Peer group represents all ASX listed companies with primary exceptional tin development assets and First Tin PLC, listed on LSE. grade for an 2. 3. MLX Mineral Resource Statement 29 June 2026 SRZ ASX Announcement 2
Slide 15: Caspin's Investment Proposition
Caspin’s Investment Proposition A significant tin resource, aiming to be the highest-grade open pit tin project in Australia For personal use only Latest results demonstrate potential to grow the Kelpie resource High metallurgical recovery from a simple flowsheet – a competitive advantage Very stron
Slide 16: Caspin Resources Limited
For personal use only CASPIN RESOURCES LIMITED Ground Floor, 675 Murray Street West Perth, Western Australia 6005 T: +61 8 6373 2000 E: info@caspin.com.au ASX: CPN FOLLOW US: Receive news direct to your inbox Subscribe on the Caspin website QR 26/03/2 4 www.caspin.com.au
Slide 17: Appendix: OZL Contingent Consideration
APPENDIX: OZL Contingent Consideration Caspin holds the right to receive a potential payment of up to A$20m • On 22 June 2020, OZ Minerals (OZL) and Cassini announced the scheme of arrangement whereby OZL would acquire 100% of For personal use only Cassini, consolidating its ownership of the West Mu