Slide 1: Equity Raising to Fund Reserves / Resources Growth at Mt Carlton
EQUITY RAISING TO FUND RESERVES / RESOURCES GROWTH AT MT CARLTON J U N E 20 22 NOT FOR RELEASE TO US W IRE SERVICES OR DISTRIBUTION IN THE UNITED STATES
Slide 2: Important Notice and Disclaimer (1/3)
U N E A R T H I N G P R O S P E R I T Y IMPORTANT NOTICE AND DISCLAIMER (1/3) ASX : NML Disclaimer This presentation is dated 1 June 2022 and has been prepared by Navarre Minerals Limited (ACN 125 140 105) (Navarre or the Company) in connection with (i) an institutional placem ent of new f ully paid
Slide 3: Important Notice and Disclaimer (2/3)
U N E A R T H I N G P R O S P E R I T Y IMPORTANT NOTICE AND DISCLAIMER (2/3) ASX : NML JORC Mineral Resources and Exploration Results Reporting of Navarre This presentation contains Ex ploration Results and Mineral Resources estimates of Navarre. The inf ormation in this presentation that relates t
Slide 4: Important Notice and Disclaimer (3/3)
U N E A R T H I N G P R O S P E R I T Y IMPORTANT NOTICE AND DISCLAIMER (3/3) ASX : NML Past Performance No representation or warranty, ex press or implied, is made as to t he f airness, accuracy, completeness or correctness of t he inf ormation, opinions and conclusions contained in this presentati
Slide 5: 1. Navarre Overview
1. NAVARRE OVERVIEW NOT FOR RELEASE TO US W IRE SERVICES OR DISTRIBUTION IN THE UNITED STATES
Slide 6: Navarre Has Joined the Producer Ranks
NAVARRE HAS JOINED THE PRODUCER U N E A R T H I N G P R O S P E R I T Y RANKS ASX : NML Acquisition of Mt Carlton Gold Mine completed mid December 2021 NOT FOR RELEASE TO US W IRE SERVICES OR DISTRIBUTION IN THE Transf ormation of Navarre to producer status with immediate cashf low generation Strong
Slide 7: Board and Management Team
BOARD AND MANAGEMENT TEAM U N E A R T H I N G P R O S P E R I T Y ASX : NML Kevin Wilson Mr W ilson has over 30 years of ex perience in the minerals and f inance industries. He was the Managing Director of Rey Resources Non-Executive Chair Limited, an Australian energy ex ploration company, f rom 20
Slide 8: Corporate Overview
CORPORA T E OV E RV IE W BOARD BOARDOF OFDIRECTORS DIRECTORS CAPITAL STRUCTURE ( A SX : NML) 1 Share Price A$0.079 Kevin Wilson Non-Ex ecutive Chairman NOT FOR RELEASE TO US W IRE SERVICES OR DISTRIBUTION IN THE Shares on Issue 1,364.7 million Performance Rights 7.2 million Ian Holland Managing Dire
Slide 9: Committed to Our Stakeholders
COMMITTED TO OUR STAKEHOLDERS U N E A R T H I N G P R O S P E R I T Y ASX : NML NOT FOR RELEASE TO US W IRE SERVICES OR DISTRIBUTION IN THE “ 4.5 out of 5 – Social Scholarships and Environmental rehab Licence to Operate Apprenticeships with and research projects Score” local Birriah Deloitte Stakeho
Slide 10: Significant Growth Opportunities at Mt Carlton
SIGNIFICANT GROWTH OPPORTUNITIES U N E A R T H I N G P R O S P E R I T Y AT MT CARLTON ASX : NML Maiden Navarre Mineral Resource 1 (414koz Au) and Ore Reserve1 (208koz Au) at Mt Carlton: 1 NOT FOR RELEASE TO US W IRE SERVICES OR DISTRIBUTION IN THE Mt Carlton Plant – Replaced depleted material – M
Slide 11: Mt Carlton Acquisition
MT CARLTON ACQUISITION U N E A R T H I N G P R O S P E R I T Y ASX : NML Operational background: – Commissioned 2013 NOT FOR RELEASE TO US W IRE SERVICES OR DISTRIBUTION IN THE – ~ 960ktpa nameplate conventional f lotation/bullion processing circuit – Historically open pit and underground ore sour
Slide 12: Mt Carlton – The Near-Term
U N E A R T H I N G P R O S P E R I T Y MT CARLTON – THE NEAR-TERM ASX : NML Total Mineral Resources of 9.05Mt at 0.87 g/t for 253koz of gold1, including: NOT FOR RELEASE TO US W IRE SERVICES OR DISTRIBUTION IN THE V2: 1.54Mt at 1.86 g/t f or 92koz MCU: 0.34Mt at 2.18 g/t f or 24koz TH: 0.16Mt
Slide 13: Crush Creek – Future Growth
U N E A R T H I N G P R O S P E R I T Y CRUSH CREEK – FUTURE GROWTH ASX : NML Crush Creek Mineral Resources1 of 2.0Mt at 2.48 g/t for 161koz of gold, including: NOT FOR RELEASE TO US W IRE SERVICES OR DISTRIBUTION IN THE Delta: 1.17Mt at 2.22 g/t f or 83koz BV7: 0.85Mt at 2.84 g/t f or 78koz Cru
Slide 14: Uses – Accelerating Activity for Growth
USES – ACCELERATING ACTIVITY FOR U N E A R T H I N G P R O S P E R I T Y GROWTH ASX : NML Total Current cash of A$6.1m ref lects recent payments connected with the Mt Carlton acquisition – W orking Uses Comments (A$m) Capital settlement with Evolution Mining in early April, and recent payment of A
Slide 15: Victorian Projects – Overview
U N E A R T H I N G P R O S P E R I T Y VICTORIAN PROJECTS – OVERVIEW ASX : NML Stawell Corridor Victorian Project Locations Irvine – most signif icant new greenf ield gold resource in Victoria in decades NOT FOR RELEASE TO US W IRE SERVICES OR DISTRIBUTION IN THE Mineralisation style analogous
Slide 16: Accelerating to Delineate Growth
ACCELERATING TO DELINEATE GROWTH U N E A R T H I N G P R O S P E R I T Y ASX : NML Navarre has rapidly transitioned to domestic gold producer status NOT FOR RELEASE TO US W IRE SERVICES OR DISTRIBUTION IN THE Significant potential for near-mine resource and reserve growth – additional funds to f
Slide 17: 2. Equity Raising Details
2. EQUITY RAISING DETAILS NOT FOR RELEASE TO US W IRE SERVICES OR DISTRIBUTION IN THE UNITED STATES
Slide 18: Equity Raising Overview
U N E A R T H I N G P R O S P E R I T Y EQUITY RAISING OVERVIEW ASX : NML Placement to sophisticated, professional and institutional investors to raise A$4.5 million (Placement) Following completion of the Placement, the Company intends to of f er a Share Purchase Plan to raise up to an addition
Slide 19: Equity Capital Raising Timetable
U N E A R T H I N G P R O S P E R I T Y EQUITY CAPITAL RAISING TIMETABLE ASX : NML Event Date (2022) NOT FOR RELEASE TO US W IRE SERVICES OR DISTRIBUTION IN THE Record Date Tuesday, 31 May 2022 Of f er announcement Wednesday, 1 June 2022 Placement opens Monday, 30 May 2022 Placement closes Tuesday,
Slide 20: International Selling Restrictions
U N E A R T H I N G P R O S P E R I T Y INTERNATIONAL SELLING RESTRICTIONS ASX : NML This document does not constitute an of f er of new ordinary shares of NML (“ New Shares” ) in any jurisdiction in which it would be unlawf ul. In particular, this document may not be distributed to any person, and
Slide 21: 3. Key Risks
3. KEY RISKS NOT FOR RELEASE TO US W IRE SERVICES OR DISTRIBUTION IN THE UNITED STATES
Slide 22: Key Risks
U N E A R T H I N G P R O S P E R I T Y KEY RISKS ASX : NML This section discusses some of the key risks relating to an investment in Navarre, which may have an impact on Navarre’s business, its financial and operational performance, and the value of Navarre shares (including shares issued in connec
Slide 23: Key Risks (Cont'd)
U N E A R T H I N G P R O S P E R I T Y KEY RISKS (CONT’D) ASX : NML Set out below are the principal risks and uncertainties associated with Navarre and its subsidiaries, which are likely to have an effect on Navarre’s future financial prospects. It is not possible to determine the likelihood of the
Slide 24: Key Risks (Cont'd)
U N E A R T H I N G P R O S P E R I T Y KEY RISKS (CONT’D) ASX : NML (5) Reliance on Key Personnel The responsibility of overseeing the day-to-day operations and the st rategic m anagement of t he Com pany depends substantially on Navarre’s Board and ex ecutive team . There can be no assurance given
Slide 25: Key Risks (Cont'd)
U N E A R T H I N G P R O S P E R I T Y KEY RISKS (CONT’D) ASX : NML (8) Political Risk, Gold and Commodity Price Volatility and Exchange Rates Risks Both f rom its ex isting producing operations and, in the event that Navarre achieves ex ploration success, the revenue that may be derived through th
Slide 26: Key Risks (Cont'd)
U N E A R T H I N G P R O S P E R I T Y KEY RISKS (CONT’D) ASX : NML (13) COVID-19 Impact The outbreak of COVID-19 pandemic has a material impact on global economic markets. Australia ex perienced an economic downturn and has been recovering in 2021 and 2022. Uncertainty continues as to the ongoing
Slide 27: Key Risks (Cont'd)
U N E A R T H I N G P R O S P E R I T Y KEY RISKS (CONT’D) ASX : NML (15) Production and Cost Estimates The ability of Navarre to achieve its production ex pectations or meet operating and capital ex penditure estimates on a timely basis cannot be assured. The operations and assets of Navarre, as wi
Slide 28: Key Risks (Cont'd)
U N E A R T H I N G P R O S P E R I T Y KEY RISKS (CONT’D) ASX : NML (19) Development, Rehabilitation and Mining Risks W hen Navarre conducts ex ploration and f easibility studies on potential project s, t he commercial viability of any such endeavours is based upon estimates of t he size and grade
Slide 29: Key Risks (Cont'd)
U N E A R T H I N G P R O S P E R I T Y KEY RISKS (CONT’D) ASX : NML (22) Laws and Authorisations Navarre’s operations will be subject t o various laws and plans, including those in respect of mining, prospecting, development permit and licence requirements, indust rial relations, environment, land
Slide 30: Key Risks (Cont'd)
U N E A R T H I N G P R O S P E R I T Y KEY RISKS (CONT’D) ASX : NML (25) Insurance Arrangements Navarre maintains insurance arrangem ents to protect against certain risks with such scope of coverage and amount s as determined by Navarre’s board and management, alt hough its insurance policies may n
Slide 31: Key Risks Associated with the Placement and Issue of Shares (1/2)
KEY RISKS ASSOCIATED WITH THE U N E A R T H I N G P R O S P E R I T Y PLACEMENT AND ISSUE OF SHARES (1/2) ASX : NML (1) General Risks Associated with an Investment in Shares There are general risks associated with investment s in equity securities. No assurances can be given that t he New Shares wil
Slide 32: Key Risks Associated with the Placement and Issue of Shares (2/2)
KEY RISKS ASSOCIATED WITH THE U N E A R T H I N G P R O S P E R I T Y PLACEMENT AND ISSUE OF SHARES (2/2) ASX : NML (3) Allocation of New Shares and Dilution Risk It is intended that certain eligible institutional shareholders m ay be able to participate in t he Placement. For this purpose, an eligi
Slide 33: Navarre Minerals Limited
U N E A R T H I N G P R O S P E R I T Y ASX : NML NOT FOR RELEASE TO US W IRE SERVICES OR DISTRIBUTION IN THE Navarre Minerals Limited 40-44 W immera Street UNITED STATES Stawell VIC Australia 3380 t +61 3 4329 0310 e inf o@navarre.com.au w navarre.com.au 33
Slide 34: Appendix
APPENDIX NOT FOR RELEASE TO US W IRE SERVICES OR DISTRIBUTION IN THE UNITED STATES
Slide 35: Appendix: Mineral Resources
U N E A R T H I N G P R O S P E R I T Y APPENDIX: MINERAL RESOURCES ASX : NML Consolidated Navarre Mineral Resources1 – 31 December 2021 Navarre Minerals – Consolidated Mineral Resource Estimate - 31 December 2021 NOT FOR RELEASE TO US W IRE SERVICES OR DISTRIBUTION IN THE Notes: Gold Silver Gold Si
Slide 36: Appendix: Ore Reserves
U N E A R T H I N G P R O S P E R I T Y APPENDIX: ORE RESERVES ASX : NML Consolidated Navarre Ore Reserves1 – 31 December 2021 Navarre Minerals – Consolidated Ore Reserve Estimate - 31 December 2021 NOT FOR RELEASE TO US W IRE SERVICES OR DISTRIBUTION IN THE Gold Silver Copper Gold Silver Reserve To