#1Lefroy Exploration NOOSA MINING CONFERENCE PRESENTATION Wade Johnson Managing Director 19 JULY 2023 ASX: LEX#2Disclaimer This presentation contains summary information about Lefroy Exploration Limited (LEX) and is current as of 19 July 2023. It does not represent an offer of securities for subscription or sale in any jurisdiction nor a securities recommendation. The information contained in this presentation is of a general nature and does not purport to be complete and does not contain all information necessary for investment decisions. This presentation is not investment or financial product advice (nor tax, accounting or legal advice) and is not intended to be used for the basis of making an investment decision. The information contained in this presentation has been prepared without taking into account the objectives, financial situation or needs of individuals. Investors should obtain independent professional advice from an accountant, lawyer or other professional advisor before making any investment decisions in relation to LEX. Any figures, valuations, forecasts, estimates, opinions and projections contained in this presentation involve elements of subjective judgment and analysis and assumption. Any opinions expressed in this material are subject to change without notice, including as a result of using different assumptions and criteria. This presentation contains "forward-looking statements". Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "expect", "predict”, “forecast”, “estimate”, "target" and "intend" and statements that an event or result "should", "could", "may", "will" or "might" occur or be achieved and other similar expressions. Indications of, and guidance on, future earnings and financial position performance are always forward-looking statements. Forward-looking statements are subject to business, legal and economic risks and uncertainties and other factors that could cause actual results to differ materially from those contained in forward-looking statements. Forward-looking statements, opinions and estimates provided in this presentation are based on assumptions and contingencies at the date the statements are made and are subject to change without notice, as are statements about market and industry trends, which are based on interpretations of current market conditions. Forward-looking statements including estimates or projections as to events that may occur in the future (including projections of revenue, expense, net income and performance) are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance and may or may not occur. The statements involve known and unknown risks, uncertainties and other factors associated with LEX and the mining exploration industry such as resource risk, environmental and regulatory risks, metals price volatility, currency fluctuations, increased production costs and variances in ore grade or recovery rates and operational risks. Many of risks these are beyond the control of LEX. It is believed that expectations reflected in the statements are reasonable but they may be affected by market conditions and a range of other variables which could cause actual results or trends to differ materially from those stated. LEX does not undertake to update any forward-looking statements for events or circumstances that occur subsequently or to update or keep current any of the information contained in this presentation. Nothing contained in this presentation is, or shall be relied upon as, a promise or representation as to the past or future. Undue reliance should not be placed upon forward- looking statements. LEX has prepared this document in good faith based on information available to it at the time of preparation that was believed to have a reasonable basis. Neither LEX nor any of its directors, officers, agents, employees or advisors give any representation or warranty, express or implied, as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. Accordingly, to the fullest extent permitted by law, none of LEX, its directors, employees or agents, advisors or any other person accepts any responsibility or liability whatsoever, whether direct or indirect, express or implied, contractual tortuous statutory or otherwise and expressly disclaim any and all liability, in respect of, the accuracy or completeness of the information or any opinions expressed in this presentation or for any errors, omissions or misstatements or for any loss howsoever arising, from the use of all or any part of this presentation or any of the information contained in it.#3EXPLORATION PORTFOLIO Perth Darwin Western Australia Brisbane Sydney Adelaide Canberra Melbourne Horbart Port Hedland Major Gold Deposit Major Nickel Deposit PHANEROZOIC PROTEROZOIC ARCHEAN Pilbara Craton Capricorn Orogen Savannah GLENAYLE Jundee Wiluna Mt Keith Perseverance Sunrise Nebo-Babel Dam Yilgarn Craton Tropicana LAKE JOHNSTON Kalgoorlie LEFROY KCGM Kambalda Julimar Nova-Bollinger Perth N Norseman Boddington Forrestania Emily Ann/ Maggie Hayes 500 Kms LEFROY GOLD PROJECT (635km²) Company's flagship project with commanding land package <50km from Kalgoorlie, comprised of: Eastern Lefroy Project (100% LEX) • Mt Martin (gold) • Burns (gold copper) Goodyear (nickel) Western Lefroy Project (Gold Fields Ltd JV) LAKE JOHNSTON PROJECT(180km²) Nickel rights to highly prospective ground immediately north of the high-grade Emily Ann and Maggie Hayes nickel mines. GLENAYLE PROJECT(2872km²) Significant early-mover greenfields opportunity prospective for Nebo-Babel style nickel and copper mineralisation Multiple Opportunities in Tier 1 Mining Jurisdiction#4Kundana Mt Charlotte Kalgoorlie HIGHLIGHTS: Lefroy Surpasses 1 Moz GOLD LEFROY GOLD PROJECT 1.1 Moz Resources include 501 Koz gold at Mt Martin Gold Mine, 500 Koz gold and 58kt Cu at Burns Central deposit in Eastern Goldfields, WA <70km Proximal to Kalgoorlie and Kambalda gold and nickel districts 635 km² Commanding land package holds 50km of strike on 100% owned tenure Kunananalling Shear Resource Inventory* DISCOVERIES Burns Central * (500koz gold, 58kt copper, 490koz silver resource) 1.1 Moz GOLD • Lucky Strike and Red Dale (105koz gold resource) Three Mile Hill Coolgardie Binduli Boorara Shear Super Pit Boulder-Lefroy Fault Abattoir Shear Zuleika Shear Zone Mt Marion 58kt COPPER 15kt STRATEGIC ACQUISITION Location 45 (Loc 45) mineral rights 35km southeast of Kalgoorlie Mt Martin Gold Mine (501Koz Au Indicated & Inferred JORC 2012) Goodyear Nickel deposit (391kt @ 3.78% Ni (15kt contained Ni) 20kms Nickel Deposit Gold Deposit Gold Prospect Location 45 LEX Lefroy Project Boorara New Celebration Myrhee Mount Monger Fault Blair Woolibar Fault LOC 45 > Majestic Randall Fault Randalls Mt Martin Wombola Daisy-Milano Goodyear Carnilya Hill Red Dale A Lucky Strike Durkin Fisher Long 50Km Kambalda Beta Hunt Invincible Revenge Defiance NICKEL • EXPLORATION AND PRODUCTION OPPORTUNITY • • Resources remain open with significant exploration upside Multiple options for open-cut, low strip ratio gold operations 63% of all gold resources in Indicated resource category *refer LEX ASX release 23 May 2023 Gold Fields Farm in & JV Wattle Dam Mandilla Gold Fields Mafic Granite Other Geology adapted from GSWA Armstrong BURNS Victory Foster Argo St Ives Camp Area >> Athena Speedway Fault Junction N 4#5LOCATION 45: A Transformational Acquisition MINERALS LOCATION XK KEY FOCUS Gold Nickel Kalgoorlie Terrane Mt Martin Au Mine Goodyear Ni Deposit ☐ LAND PACKAGE 76km² ACQUISITION DETAILS* • • • Mineral rights agreement with Franco-Nevada for 21-year term and 10 year option to extend with 4% production royalty and no state royalty Wholly-owned nickel subsidiary Hampton Metals Ltd (HMT) holds nickel, REE, lithium rights including Goodyear Nickel Deposit (14,870t contained nickel) • strengthened nickel assets with over 35km strike of prospective komatiite unit supports proposed separate ASX listing of HMT for second half of 2023 LEX holds gold & other mineral rights including Mt Martin Gold Mine (501,175 Oz) Haul Rd New Celebration Mt Martin Gold Mine Mt Martin 8.72 Mt @ 1.79 Au 501,175 Ounces • Expanded gold resources to over 1.1 million Oz • Provides Lefroy with optionality & opportunity to fast-track development *refer LEX ASX release 23 May 2023 Woolibar Fault N 2.5kms LOCATION 45 Felsic Sedimentary Mafic (Basalt / Gabbro) Ultramafic Nickel Deposit Nickel Prospect Gold Mine Location 45 Eastern Lefroy Western Lefroy Wren E 26/195 Fat Rat Dunlop Goodyear E 15/1447 Anomaly 7 Goodyear Nickel Deposit 391,250 tonnes @ 3.78% Ni ----- Kambalda nilya Haul Rd 5#6LOCATION 45: Mt Martin Gold Mine MINERALS LOCATION УК K KEY FOCUS ☐ LAND PACKAGE Gold Kalgoorlie Terrane Exploration & Development 76km² MT MARTIN GOLD MINE • Underground operation in 1980's Haul Rd Mt Martin . • Last mined 2009 by Dioro Exploration for 743kt @1.5g/t gold up (modest open cut) with no mining and limited exploration since Majority of ore processed at neighboring New Celebration Mill and Jubilee Mill (now on care and maintenance) Alacer Gold Corp reported Indicated/Inferred resource in 2013 of 501,175 Oz (8.7Mt @ 1.79 g/t gold) Resource amenable to additional open-pit mining with existing haul roads from Mt Martin to Jubilee mill (8km) and ~20km to Gold Fields Ltd's St Ives mill Resource block model, exploration and drilling database obtained ✓ Detailed review and validation of historic mining data underway Jubilee Processing Plant 8 Kms Haul R Rd To St Ives MT MARTIN TO JUBILEE INVESTOR PRESENTATION | July 2023 LOC 45 Kilometers#7LOCATION 45: Mt Martin Gold Mine Isometric projection of Mt Martin gold resource, existing pit shell, underground workings (Looking south-east): Description Color 0-COG COG-1 1-2 2-3 3-5 5-10 10+ Mt Martin open pit, last mined in 2009 for 743kt @1.5g/t gold (Looking south) 7 INVESTOR PRESENTATION | May 2023#8LOCATION 45: A New Growth Opportunity Mt Charlotte. Kalgoorlie Priority next steps: 3 Lakewood Super Pit 2 • • 1 OPTIMISATION STUDY Complete detailed review of Mt Martin Gold Mine Optimise existing resource Advance options to pursue development REALISE NICKEL PORTFOLIO VALUE Advance IPO of Hampton Metals Ltd • Near mine assets are key focus e.g. Goodyear Nickel Resource ADVANCED DRILLING CAMPAIGNS Strategically explore Mt Martin Focus on resource definition and expansion Mt Martin New Celebration Jubilee Kambalda UNDERWAY INVESTOR PRESENTATION | July 2023 ADVANCED FY24 Q2 N 20kms LOC 45 Goodyear 30kms LEX Tenements Gold Mine (>1M oz) Mill Haul Road Options Daisy-Milano Lucky Strike Red Dale LAKE LEFROY Invincible St Ives Randalls Burns Lefroy Gold Project: Multiple options for haulage and ore treatment 8#9BURNS GOLD-COPPER PROJECT MINERALS LOCATION NK KEY FOCUS Gold, Copper Kalgoorlie Terrane Resource expansion Exploration growth ☐ LAND PACKAGE Within 312km² Eastern Lefroy Project SIGNIFICANT RESOURCE AT FLAGSHIP PROJECT • • • New style of mineralisation within the Eastern Goldfields Approx. 70km SE of Kalgoorlie in 100%-owned Eastern Lefroy Project Burns Central Deposit is a component of a major gold-copper porphyry system Maiden Mineral Resource Estimate released May 2023*: NEON LEFD009 10.6m @ 0.48g/t Au 0.68% Cu from 50m incl 0.3m @ 4.18g/t Au 4.40% Cu from 56m and 45m @ 0.31g/t Au 0.33% Cu from 258m incl 3m @ 1.11g/t Au 1.13% Cu from 271m SKINNER SMITHERS • • • 43Mt @ 0.36 g/t gold, 0.14% copper • 0.5Moz gold 58kt copper Located <10km south of LEX's Lucky Strike and Red Dale gold resources Most advanced of seven gold-copper prospects within at least 2.5km strike • This 2.5km trend is a regional structure known as 'Burns Corridor • → significant exploration and development upside *refer LEX ASX release 15 May 2023 Burns Intrusion *refer LEX ASX release 15 May 2023 LEFR260 LOVEJOY Burns Central Resource RC and Diamond Drilling FLANDERS 4.5Kms 38m @7.63g/t Au 0.56% Cu from 134m incl 27m @ 10.1g/t Au 0.74% Cu from 141m MILLHOUSE BURNS CENTRAL RESOURCE 500Koz Au 58kt Cu RALPH 1Km#10BURNS EXPLORATION UPSIDE MINERALS LOCATION K KEY FOCUS Gold, Copper Kalgoorlie Terrane Resource expansion Exploration growth ☐ LAND PACKAGE Within 386km² Eastern Lefroy Project • BURNS EXPLORATION UPSIDE* Independent Exploration Target estimated by Measured Group Pty Ltd • • S Ralph BURNS CENTRAL Smithers Flanders Lovejoy Base of Alluvium Multiple targets present outstanding resource growth potential at Burns Central Deposit and over at least 2.5km strike in Burns Corridor trend Burns Central Total Exploration Target ranges up to 175Mt @ 2.5 g/t gold Targets that can add tonnes quickly include: . • Burns Central with higher-grade gold concentrated at core of porphyries, which plunges south & is open Three additional gold-copper targets along strike of Burns Central at Smithers, Flanders, Lovejoy which remain open at depth *refer LEX ASX release 15 May 2023 Copper staining drill rods from Lovejoy 200m Burns Deep Burns Deep N Lake Randall 200m 400m 600m 800m Au >0.1 ppm 0.1 0.2 0.3 0.4 0.5 BURNS CORRIDOR EXPLORATION TARGETS Long Section 315 Azimuth Looking West 10#11LEFROY NEXT STEPS 1 In-depth review of all resources for potential near-term gold production Underway > 2 Mt Martin Gold Mine historic drill data collection/ validation and pit optimization Underway > 345 Drill programs at Burns Central for metallurgical test work and resource expansion Underway > Update JORC 2004 Goodyear nickel resource to JORC 2012 Underway > Identification and planning gold and nickel targets for drilling into FY24 Underway > 6 IPO of Hampton Metals Ltd intended in second half of FY23 Process Underway INVESTOR PRESENTATION | May 2023 11#12CORPORATE SNAPSHOT Lefroy Exploration Limited is a Western Australian focused mineral resources exploration company with the flagship Lefroy Project located near Kalgoorlie. The Company also holds a portfolio of nickel projects held by its wholly owned subsidiary, Hampton Metals Ltd, which is advancing toward a separate ASX listing and IPO in 2023. Shareholder Information - as of 19 July 2023 LEFROY EXPLORATION LTD Shares on issue (at 19 July 2023) 160.5M Price (at 19 July 2023) A$0.24 Average 90 Day Trading Volume (at 19 July 2023) 86.8k Noontide Investments Ltd 15.8% LEX Share Plan 4.77% Market Cap (at 19 June 2023) A$38.5M Gold Fields Ltd 13.47% Cash (at 31 March 2023) A$1.5M LEX Board 14.68% Lowell Fund Resources 2.68% Other Shareholders 53.36% INVESTOR PRESENTATION | July 2023 12#13EXCELLENCE & INTEGRITY Gordon Galt NON-EXECUTIVE CHAIRMAN Mining Engineer 25+ years of experience in project development, management, directorship, banking. Wade Johnson MANAGING DIRECTOR Geologist 25+ years' experience in mineral exploration, development, management, directorship. Michael Davies NON-EXECUTIVE DIRECTOR Mining Finance Specialist 20+ years' experience in resource financing, investment banking, directorship. Tara French NON-EXECUTIVE DIRECTOR Geologist 20+ years' experience in exploration, management, development, mining, directorship and Current MD Cazaly Resources Ltd. INVESTOR PRESENTATION | July 2023 13#14Lefroy Exploration THANK YOU Level 3, 7 Rheola St West Perth WA 6005 Australia +61 08 9321 0984 lefroyex.com LEER 267 LEEK-267 ASX: LEX#15Competent Person Statement Notes Specific-ASX Announcements Investor Presentation The following announcements were lodged with the ASX (including supporting JORC Reporting Tables) and details for each of the sections noted in this Presentation and can be found in the announcements. Note that these announcements are not the only announcements released to the ASX since the last presentation dated 19 October 2022 but specific to exploration reporting. The Company confirms that it is not aware of any new information or data that materially affects the information previously reported. Maiden Lucky Strike Resource Estimate: 20 May 2020 Red Dale Resource Increases by 28% to 25,230oz: 3 June 2020 RC Drill Results Outline New Gold Zone at Burns: 25 January 2022 High-Grade results expand the Burns Cu Au System: 21 February 2022 Impressive Au-Cu intersection in New RC Hole at Burns: 19 April 2022 AC Drill Results Continue to Expand the Burns Gold-Copper System Beneath Lake Randall: 4 July 2022 Burns 1200m Diamond Drill hole Update: 1 August 2022 Drilling Continues to Define Larger Scale to Burns Au Cu System: 1 September 2022 Resource RC Drilling Program Underway at Burns: 6 October 2022 Strong Gold and Copper Intersections Continue to Expand Burns Central:2 March 2023 0.5M Ounces of Gold in Burns Central Maiden Resource: 4 May 2023 Lefroy Increases Gold Resources to 602,000 oz: 15 May 2023 Acquisition of Mineral Rights Transforms Lefroy: 23 May 2023 The information in this announcement that relates to exploration targets and exploration results is based on information compiled by Wade Johnson a competent person who is a member of the Australian Institute of Geoscientists (AIG). Wade Johnson is employed by Lefroy Exploration Limited. Wade Johnson has sufficient experience that is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 edition of the JORC Code. Wade Johnson consents to the inclusion in this announcement of the matters based on his work in the form and context in which it appears.#16JORC 2012 Resource Table Deposit Indicated Inferred Mt Au (g/t) Cu (%) Oz Cu (t) Mt Au (g/t) Cu (%) Oz Cu (t) |☐☐ Total Resource Mt Au (g/t) Mt*Au Oz Cu (t) Burns Central 32.31 0.38 0.16 394,308 50,253 10.65 0.30 0.08 103,165 8,047 42.96 0.36 15.47 497,472 58,300 Red Dale 0.64 1.21 24,660 0.03 0.60 570 - 0.67 1.18 0.79 25,230 Lucky Strike 0.70 1.93 43,400 0.57 1.97 36,200 Mt Martin 5.31 1.82 311,048 3.41 1.73 190,127 1.27 1.95 2.48 79,600 8.72 1.79 15.61 501,175 TOTAL 39.0 0.62 0.16 773,416 50,253 14.66 0.70 0.08 330,062 8,047 53.62 0.64 34.34 1,103,477 58,300 Notes: 1)The Lucky Strike and Red Dale Mineral Resource Estimates are reported using a 0.5g/t Au cut off. 2)The Lucky Strike MRE was announced to the ASX of 20 May 2020 3) The Red Dale MRE was announced to the ASX on 3 June 2020 4) The Burns Central MRE was announced to the ASX on 4 May 2023. The mineralisation domains were defined by wireframes using a 0.1 g/t Au, 0.1 % Cu cut-off grade. 5) The Mt Martin MRE was announced to the ASX on 23 May 2023. 5) Small discrepancies may occur due to rounding. INVESTOR PRESENTATION | July 2023 Cautionary Statement: The Company is not aware of any new information or data that materially affects the information included in the relevant market announcement. In the case of estimates of the Mineral Resources the Company confirms that all material assumptions and technical parameters underpinning the estimates in the relevant market announcements continue to apply and have not materially changed. 16#17Mineral Resources: notes on resources Burns Central The Company engaged Measured Group Pty Ltd in 2023 to compile the Burns Central Mineral Resource Estimate. The Company announced the Resource to the ASX on 4 May 2023 and reported in accordance with JORC 2012. The Company confirms there has been no exploration activity, including resource compilation, at the Burns Central Deposit since 4 May 2023 that would alter the Resource Statement. The Mineral Resource estimate and the Exploration Targets for the Burns Au-Cu-Ag-Mo-Co deposit were prepared by Mr Chris Grove of Measured Group Pty Ltd, who is a Member of The Australasian Institute of Mining and Metallurgy (MAusIMM) and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" (JORC Code). Mr Grove consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. Red Dale The Company engaged Resource Evaluation Services in 2020 to compile the Mineral Resource Estimate. The Company announced the Resource to the ASX on 3 June 2020 and reported in accordance with JORC 2012. The Company confirms there has been no exploration activity, including resource compilation, at the Red Dale Deposit since 3 June 2020 that would alter the Resource Statement. The Red Dale resource estimate was compiled in accordance with the guidelines of the Australasian Code for Reporting of Identified Mineral Resources and Ore Reserves (JORC, 2012). The resource estimate was undertaken by Stephen Godfrey, Principal Resource Geologist with Resource Evaluation Services, who is a Fellow of the Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists. Mr Godfrey has sufficient relevant experience to be considered a "Competent Person" as defined the JORC Code (2012). of Exploration Results, Mineral Resources and Ore Reserves. Mr. Godfrey consents to the inclusion in this report of the matters based on his information in the form and context in which they appear. Lucky Strike The Company engaged Resource Evaluation Services in 2020 to complete the Mineral Resource estimate. The Company announced the Resource to the ASX on 20 May 2020 and reported in accordance with JORC 2012. The Company confirms there has been no exploration activity, including resource compilation at the Lucky Strike Deposit since 20 May 2020 that would alter the Resource Statement. The information in this report that relates to the Mineral Resource estimate at the Lucky Strike deposit is based on, and fairly represents, information which has been compiled by Mr Stephen Godfrey. Mr. Godfrey was Principal Resource Geologist at Resource Evaluation Services, a Fellow of the Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists. Mr. Godfrey has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity that is being undertaken to qualify as Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr. Godfrey consents to the inclusion in this report of the matters based on his information in the form and context in which they appear. Mt Martin The Company announced the Mineral Resource Estimate with supporting Tables to the ASX on 23 May 2023 and reported in accordance with JORC 2012. Alacer Gold Corp (Alacer) reported in 2013 a combined (Indicated and Inferred) resource of 8.72 million tonnes grading 1.79g/t Au for 501,175 contained ounces 1. Following the sale of Loc45 by Alacer Corp to Metals X Limited in 2013, the property has remained largely unexplored for gold and nickel mineralisation and the total resource figures, which include the Mount Martin, Swift and Adelaide deposits, have remained unchanged since the Alacer report in 2013. The Company confirms there has been no exploration activity, including resource compilation at the Mt Martin Deposit since 23 May 2023 that would alter the Resource Statement. Refer to ASX Announcement - Alacer Gold Corp (AQG), April 3, 2012 "South Kalgoorlie Operations Technical Report" INVESTOR PRESENTATION | July 2023 17#18Lefroy Exploration Appendices Level 3, 7 Rheola St West Perth WA 6005 Australia +61 08 9321 0984 lefroyex.com A ASX: LEX#19LEFROY GOLD PROJECT Inset LOC 45 New Celebration Jubilee Mill Mt Martin Durkin Long Fisher Kambalda Speedway Fault Dunlop Goodyear Carnilya Hill Beta Hunt LAKE LEFROY St Ives Camp Area Invincible Revenge Gold Fields Mill Neptune Victory Defiance Foster Daisy-Milano Mount Monger Fault 50Km Coogee Gold Mine (>1M oz) Gold Mine (<1M oz) Gold Prospect Nickel Deposits Location 45 Eastern Lefroy - Non JV Western Lefroy - Gold Fields Farm In & JV Haul Roads Red Dale Randalls Mill Lucky Strike WESTERN LEFROY JV & EARN-IN PROJECT (246km²) Gold Fields Ltd to earn up to 70% of Project by spending $25m in six years Stage 1 completed in July 2021 by Gold Fields satisfying $10m spend for 51% interest Stage 2 underway and requires Gold Fields funding a further $15m by 30 July 2024 for total interest of 70% BURNS LAKE RANDALL EASTERN LEFROY PROJECT (386km²) 100% owned tenure includes 50km strike of highly prospective geology along Mt Monger Fault Numerous highly-prospective gold-copper-nickel targets Contains flagship Burns Gold-Copper Deposit and Mt Martin Gold Mine Gold and other minerals rights held on freehold property East Location 45 Randall Fault#20LEFROY MILESTONES TIMELINE 3 Discoveries, 3 Mineral Resource Estimates, 2 Outstanding Deals: RED DALE DISCOVERY APR DEC 2017 Greenfields paleochannel gold LUCKY S. DISCOVERY DEC 2017 Greenfields high-grade shallow gold in BIF-host RED DALE MAIDEN MRE APRIL 2018 484kt @ 1.26 g/t Au (19.6koz Au) GOLD FIELDS DEAL JUN 2018 PRESENT Source significant funding via Earn-In/JV on Western Lefroy Project Gold Fields to earn up to 70% of Project by spending $25M in 6 years LUCKY S. MAIDEN MRE MAY 2020 1.27 Mt @ 1.95 g/t Au (79.6koz Au) BURNS DISCOVERY 2019 FEB 2021 Awarded E15/1715 in Mines Department competitive ballot Maiden RC drill program at Burns intersects: 38m @7.63g/t Au, 0.56% Cu from 134m in porphyry Becomes flagship Project RED DALE MRE UPDATE BURNS DRILLING JUNE 2020 670kt @ 1.18 g/t Au (25.2koz Au) FEB 2021 OCT 2022 BURNS CENTRAL MAIDEN MRE OCT 2022 MAY 2023 Resource RC drill program and Maiden MRE delivers: 43Mt @0.36 g/t Au, 0.14% Cu (0.5Moz Au, 58kt Cu) + significant upside Extensive AC/RC/DD drilling, assay results, research confirm: First-of-its-kind alkalic porphyry system at Burns Central Gold-Copper-Silver (+Molybdenum + Magnetite + Cobalt) mineralisation Potential multiple others (Au-Cu discoveries along strike) GOLD PORTFOLIO MILESTONE Lefroy's portfolio of gold assets surpass 1 million ounces gold EAST LOCATION 45 MINERAL RIGHTS 23 MAY 2023 Mineral Rights Agreement with Franco-Nevada on East Location 45, includes: Mt Martin Gold Mine (501koz Au Indicated & Inferred resource) Goodyear nickel deposit (391kt @3.78% Ni for 15kt contained nickel) INVESTOR PRESENTATION | July 2023 20#21EAST LOCATION 45 (freehold parcel) MINERALS LOCATION 米 KEY FOCUS Kalgoorlie Terrane Mt Martin Au Mine Goodyear Ni Deposit Gold Nickel ☐ LAND PACKAGE 76km² For the George Compton - with complements MAP OF HAMPTON GOLD MINING AREAS, LIMITED, AND HAMPTON PROPERTIES LIMITED EAST LOCATION 45 A rare portion of the freehold Hampton lands in WA < 30km to Kalgoorlie Acquired from TSX royalty major Franco-Nevada via Mineral Rights Agreement Directly bolts onto LEX's wholly contiguous Eastern Lefroy Project HISTORY OF HAMPTON FREEHOLD LANDS Explored by Charles Hunt (1863-1867) for pastoral use and named "Hampton Plains" in honour of his sponsor Governor Hampton Land acquired by Scottish investors from "The Hampton Lands and Rail Syndicate" Syndicate purchased 19 freehold blocks (216k acres) for 2 shillings 6 pence/acre Under the Land Act of 1882, the mineral rights are owned by the land owner (not the crown) with no requirement for a mining tenement under the Mining Act 1978 The 1890s gold discoveries in Coolgardie, Kalgoorlie ends ongoing freehold land grants 1863 Mr Bue The GOLDEN MILE" DONE VALE 1832 COOLGANDE Petion of New Gold Find on Location S 1824 COOLCARDIE NOTE-The al eviens of the land e controlled by Hamptan Gold Mang Aren, Limited approx 295 14 and shat of Hampton The area of the Golden Mile some 12 ms NW, Kalgoorlie and af pounds covers an Leis $1 or 2 SMAL 1893 1893 OKANOWNA NORTH EAST COOLCARDIE EAST 525 1893 KALGOORLIE BOLDER. BOULDER COOLCARDIE 1865. VILL WHITE-HOPE C.F. SPARCOVILLE GAVE ROLKS Block 418- to ST1-(Glen Bell) BULONG LAKE TRA To ConWest 1966 100 -REFERENCE Exper Town Lees Gangus Brows HGHA Pos La KAMBALDA -FREEHOLDLOCATIONS- -ACREASE- 11:077 AND 6379 ..... KOOP HP 6363 1000 hope o Colgande All the Freehold Blocks, or Locations, coloured yellow, shown on the above Map belong to Hampton Gold Mining Areas, Limited, except Blocks 45 and 50, coloured blue, which are owned by Hampton Properties Limited. (deposed! Spoon mol WIDGE HOOLTHA Journal of Australasian Mining History, Vol. 2, September 2004 INVESTOR PRESENTATION | July 2023 21#22Loc 45 Plus a Nickel Deposit Kundana MINERALS Nickel LOCATION Kalgoorlie Terrane NK KEY FOCUS ☐ LAND PACKAGE Exploration Resource definition 76km² GOODYEAR NICKEL SULPHIDE DEPOSIT Kunanalling Shear Zone Boorara Shear Zone 350000 Mt Charlotte Kalgoorlie Bindull Super Pit Zuleika Shear Zone Abattoir Shear Zone Boorara Mount Monge 25Km Blair Cannon 40000 Hampton Metals Ni Rights Location 45 (Ni, Li, Ree) Majestic Ni Rights Wyloo Metals Lunnon Metals Australian Nickel Company Ltd Farmin JV Dynamic Metals Metal Hawk Maximus Resources Widgee Nickel Wombola Mt Martin Daisy-Milano Goodyear Carnilya Hill New Celebration Mt Marion • Unmined with 391,250t @ 3.78% Ni for 14,780t contained nickel (JORC 2004)* • • Contains the down-dip extension of the Dunlop deposit which lies immediately east of Location 45's tenement boundary Located 4km west of Mincor Resources' Carnilya Hill nickel deposit and 20km north of Kambalda and BHP's nickel concentrator Strengthens Hampton Metals' +3,000km² nickel portfolio, which includes Carnilya South with 7km of strike of Kambalda Komatiite, and the Lake Johnston and Glenayle Projects Three Mile Hi Coolgardie Ni Projects Gold Mine (>1Moz) Gold Mine (<1Moz) Mafic Granite Ultramafic Other TIER 1 NICKEL SULPHIDE EXPLORATION AND MINING DISTRICT *refer LEX ASX release 23 May 2023 Coogee Durkin Long Kambalda Beta Hunt Invincible 20 Kilometers Hampton Metals Nickel Tenure REGIONAL GEOLOGY Armstrong Burns Salt Creek Randall F Randalls Foster Hampton Metals Nickel Rights Speedway Fault. 6550000 22 22#23BURNS GOLD-COPPER PROJECT Ralph Burns Kennys Dream Smithers Looking East