#1RESURGENCE CONFERENCE The Next Big Discovery MetalsGrove Investor Presentation RIU Conference - November 2022 www.metalsgrove.com.au ASX Code: MGA Advanced Critical Metals Portfolio Rapid Exploration and Development WA and Northern Territory#2Disclaimers MetalsGrove GENERAL INFORMATION ONLY This presentation contains general background information and summary information about MetalsGrove Mining Limited (ACN 655 643 039) ("MetalsGrove") and its activities as at the date of this presentation. DISCLAIMER None of the members of MetalsGrove or MetalsGrove's respective advisors, affiliates, related bodies corporate, directors, officers, partners, consultants, employees and agents ("Other Persons") have authorised, permitted or caused the issue, submission, dispatch or provision of this presentation and none of them makes or purports to make any statement in this presentation. To the maximum extent permitted by law, Metals Grove and the Other Persons expressly exclude and disclaim all liability, including without limitation for fault or negligence on the part of any person, or for any expenses, losses, damages or costs incurred as a result of the use of this presentation or its contents and the information in this presentation being inaccurate or incomplete in any way for any reasons, whether by negligence or otherwise. To the maximum extent permitted by law, each of MetalsGrove and the Other Persons make no representation or warranty, express or implied, as to the currency, accuracy, reliability or completeness of all or any part of this document, or any constituent or associated presentation, information or material, or the accuracy, likelihood of achievement or reasonableness of any forecasts, prospects of returns contained in or implied by, the information in this presentation or any part of it. Except as required by applicable law or regulation, neither Metals Grove nor the Other Persons have any obligation to provide any additional or updated information, whether as a result of new information, future events or results or otherwise. The information in this presentation is strictly confidential It may not be disclosed, reproduced, disseminated, quoted or referred to, in whole or in part, without the express consent of MetalsGrove. NOT INVESTMENT ADVICE This presentation is not financial product nor investment advice or a recommendation to acquire securities in Metals Grove (nor does it or will it form part of any contract to acquire securities in MetalsGrove). It has been prepared without taking into account the objectives, financial situation or needs of individuals. Before making any investment decision, prospective investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs and seek legal and taxation advice. NOT AN OFFER This presentation and its contents are not an invitation, offer, solicitation or recommendation with respect to the purchase or sale of any securities in the Company in any jurisdiction and must not be distributed, transmitted, or viewed by any person in any jurisdiction where the distribution, transmission or viewing of this document would be unlawful under the securities or other laws of that or any other jurisdiction. This presentation is not a prospectus or any other offering document under Australian law (and will not be lodged with the Australian Securities and Investments Commission) or any other law. PAST PERFORMANCE Past performance is not necessarily indicative of future results and no person guarantees the performance of any financial product or service or the amount or timing of any future return from it. There can be no assurance that the financial product or service will achieve any targeted return, that asset allocations will be met or that the financial product or service will be able to implement its investment strategy and investment approach or achieve its investment objective. FORWARD LOOKING STATEMENT This presentation contains forward looking statements concerning the projects owned by MetalsGrove. Statements concerning mining reserves and resources may also be deemed to be forward looking statements in that they involve estimates based on specific assumptions. Forward looking statements are not statements of historical fact and actual events and results may differ materially from those described in the management's beliefs, opinions and estimates should change or to reflect other future developments. Data and amounts shown in this presentation relating to capital costs, operating costs and project timelines are internally generated best estimates only. All such information and data is currently under review as part of MetalsGrove's ongoing development and feasibility studies. Accordingly, Metals Grove cannot guarantee the accuracy and/or completeness of the figures or data included in the presentation until the feasibility studies are completed. COMPETENT PERSON STATEMENT The information in this presentation that relates to Exploration Results is based on information compiled by Mr. Sean Sivasamy who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Sivasamy is Managing Director and CEO of MetalsGrove Mining Limited and has sufficient experience which is relevant to the style of mineralisation under consideration to qualify as a Competent Person as defined in the 2012 Edition of the "Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr Sivasamy consents to the inclusion in the presentation of the matters based on his information in the form and context in which it appears. AUTHORISATION STATEMENT This presentation is authorised for market release by MGA's Board of Directors. All currency amounts are in Australian dollars unless specified otherwise. www.metalsgrove.com.au Page 2#3Company Update ASX: MGA-Listed on ASX on 6 July Focus - Essential metals for a clean energy future Maiden Drill Program - Upper Coondina Lithium Project Others Advanced Portfolio - lithium, rare earth, gold-copper, manganese and base metal CAPITAL STRUCTURE Share Price (22 November 2022) A$0.165 Total number of shares 52,710,000 Market capitalisation A$8.7m Net cash (31 October 2022) A$5.57m www.metalsgrove.com.au $0.25 $0.225 $0.20 $0.175 $0.15 $0.125 $0.10 47% OreMin 12% Bright Element 11% 11% MRS Hui An 10% 9% Shree Minerals Fountain Stream MGA's Share Price Charts ли $0.075 Aug Sep Page 3 Oct Nov MetalsGrove 20M 15M 10M 5M#4Corporate and ESG MetalsGrove Mr. Richard Beazley Non-Executive Chairman A mining engineer with 35 years of experience with a strong corporate, operational and technical background in mining, renewables, infrastructure and manufacturing and has worked on projects throughout Australia, Africa and South America Founder and Director of both Altair Mining Consultancy and Hydrogen Energy Pty Ltd and the Interim CEO and Managing Director for Troy Resources (ASX-TRY) Managing Director Peak Resources Limited (ASX-PEK), Chief Operating Officer Sandfire Resources NL (ASX-SFR), Consolidated Minerals, St Barbara Limited (ASX-SBM) and Greenbushes at Sons of Gwalia Ltd (ASX-SGW) Mr. Sean Sivasamy Managing Director and CEO A skilled mining professional with a Master's Degree in Geology with more than 25 years of global experience. He has held Director and Senior Management roles in Tambourah Metals Ltd (ASX-TMB), Pilgangoora Minerals, Aditya Birla Minerals (ASX-ABY), OreMin Consultants and other roles within large, medium and junior mining companies in Australia, Africa, India and South East Asia In his career has identified a gold resource in Victoria which eventually had estimated gold deposits of circa 1m ounces and discovered a copper sulphide deposit in Western Australia. He also identified 4 copper deposits in Queensland for further exploration and mining Mr. Haidong Chi Non-Executive Director Mr Chi holds extensive experience in the commodity trading markets for the past 20 years. He also holds a Master's degree in Business Administration (MBA) from Peking University Mr Chi is a one of the very early co-founders of Kimberley Metals Group and KMG Mining Pty Ltd. Mr Chi has been the Managing Director of the company's business operations Most recently Mr Chi was a Vice President of US Capital Holdings Group, a US based private equity investment company that specialises in assisting Chinese companies gain access to international capital markets Social Dedicated to contributing actively to any connected community and generating value Economic Al Dedicated to responsible economic development through transparent tax contributions, employment, and shared returns Environment Dedicated to accelerated de- carbonisation through cutting-edge production technology, reduced costs, and a smaller environmental footprint Governance Dedicated to leading standards and frameworks of corporate governance. Our top priority is to commit to the highest levels of rigor in business ethics and governance www.metalsgrove.com.au Page 4#5www.metalsgrove.com.au Investment Highlights DARWIN • • · · GREEN METAL exploration and development including BATTERY and RENEWABLE ENERGY market Advanced portfolio targeting lithium, rare earth, copper, manganese, gold and base metal resources Near-term drilling of multiple advanced lithium, manganese and REE targets over the coming months Priority near-term focus is the Upper Coondina Lithium Project Upper Coondina has the potential to be part of the same system that hosts the major lithium discovery announced by Global Lithium (ASX: GL1) and similar geological setting as Pilbara minerals (ASX: PLS) Exciting lithium, REE and base metal mineralisation also confirmed at Bruce Prospect in NT PERTH PORT HEDLAND DERBY Edwards Creek, Bruce, Box Hole Rare Earth, Copper-Gold, Base Metals Woodie Woodie North Manganese Upper Coondina Lithium & Tin ALBANY KALGOORLIE-BOULDER ALICE SPRINGS Page 5 CAIRNS Metals Grove BRISBANE SYDNEY ADELAIDE CANBERRA MELBOURNE HOBART#6Advanced Critical Metals Portfolio LITHIUM, TIN AND TANTALUM ■ Upper Coondina Project is a high-quality lithium, tin and tantalum project in highly prospective regions in Western Australia (Pilbara lithium mineral field) ■ Surface field mapping and rock chip sampling confirms multiple outcropping pegmatite dykes varies from 3m to 30m wide occurring in swarms ■ Drilling commenced on 22 November 2022 RARE EARTH ELEMENTS ■ Bruce and Box Hole are located in the Arunta project, near Alice Springs Northern Territory ■ Surface field mapping and rock chip sampling highlights multiple zones of mineralised pegmatites COPPER-GOLD & BASE METALS ■Includes the Box Hole, Edwards Creek and Bruce Gold Projects Edwards Creek prospect CRAE (1980s) drilling intersected 4.5m @ 2.25% Cu, 0.11% Pb, 1.54% Zn, 0.14 g/t Au from 47m and 18.6m @ 0.22% Cu, 0.17% Pb, 0.49% Zn, 0.14 g/t Au from 44.3m MANGANESE MetalsGrove Upper Coondina Pegmatite Outcrop Bruce-Plenty River Pegmatite Outcrop Woodie Woodie North Mn Outcrop Bruce North Mineralised Quartz Vein ■ Woodie Woodie North Manganese Project is located within the Tier-1 Pilbara manganese province nearby to critical infrastructure ■ Surface sampling has returned a number of highly anomalous manganese and cobalt assays (up to 52% Mn and 540ppm Co) www.metalsgrove.com.au Page 6#7Upper Coondina: Lithium, Tin and Tantalum ● . Location: located 85 km south-west of Marble Bar in the East Pilbara district CSR identified simple pegmatite veins as the sources of the tin Potential to establish economic long-term producing assets Well connected to mining infrastructure. No serious lithium exploration has been carried out within the project area 45 dominating pegmatite formations have been identified pegmatite dykes strike approximately northeast-southwest within a regional corridor extending 8 km www.metalsgrove.com.au PORT HEDLAND Mineral Resource 21°S 119°E Pilbara Minerals (Li) Morella (Altura) MARBLE BAR WODGINA Legend Town MetalsGrove Pilbara Geology with Lithium, Tin and Tungsten Occurrences Tin Infinity Lithium -Road H Rail Granted Tenement Lithium • Li Occurrence Li Prospect Li Mine and Deposit Sn Occurrence Sn Prospect Sn Mine and Deposit Tungsten ▲ W Occurrence W Prospect W Mine and Deposit THE DIGGING SETTLEMENT E 45/5952 120°E SHAY GAP Karratha Global Lithium Kalamazoo DOM's Hill NULLAGINE 50km 120°E L Page 7 Port Hedland Map Extent WESTERN AUSTRALIA ●Kalgoorlie PERTH MetalsGrove E 45/5945 21°S 22°S DigiMaps MGM22020#8MetalsGrove Legend 744000E Upper Coondina: Lithium, Tin and Tantalum Multiple outcropping pegmatite dykes occurring in swarms and varying in width from 3m to 30m 2 km Pegmatite Outcrops Pegmatites Corridor Metals Grove Tenement Upper Coondina E45/5952 Soils LiO2 ppm 0-100 100-200 ⚫ 200-300 300-400 400-500 E 45/5952 www.metalsgrove.com.au >500 748000E 752000E MetalsGrove Legend 744000E 2 km Soils Ta ppm 0-10 Pegmatite Outcrops Pegmatites Corridor A 10-20 ▲ 20-30 Metals Grove Tenement Upper Coondina E45/5952 30-40 E 45/5952 40-50 >50 748000E Y Correlation mineralisation trend showing with Li₂O and Ta soil Geochemistry and AMAG Thorium anomalies Page 8 MetalsGrove 752000E#9www.metalsgrove.com.au Upper Coondina: Chola Lithium Prospect MGA's priority drill target at Upper Coondina will be the - Chola Prospect a pegmatite corridor measuring approx. 4.0 km x 2.0 km First pass soil sampling assay results confirm strong lithium and tantalum potential High-grade soil samples recorded from recent field trip including 670 ppm lithium and 103 ppm tantalum Phase one will comprise an initial 3,000m RC drilling program at the Chola Prospect 7580000N MetalsGrove 0.5 1 km 750000E Legend Chola Prospect Structures 6 MetalsGrove Soils Ta ppm LiO2 ppm -200 0-10 180 Pegmatite Outcrops Pegmatites Corridor Metals Grove Tenement Upper Coondina E45/5952 Drilling Targets A 10-20 160 140 ▲ 20-30 120 30-40 100 40-50 -80 -60 >50 40 4 Upper Coondina Lithium project showing pegmatites with lithium assay heatmap against pegmatite outcrop and pegmatite structural corridor-Chola Prospect Page 9 E45-5952#10Arunta Project: Rare Earth, Base Metal, Copper-Gold MetalsGrove • • Project: Arunta Project-Northern Territory Location: 110 km north of Alice Springs Size: Approximately 320 km² (EL32420, EL31225 and EL32419) Interest: 100% Access: Via Stuart and Plenty Highways Well connected to existing mining infrastructure Presence of rare earth (REE) anomalism associated with Cu-Au and base metal mineralisation has recently been demonstrated in the Arunta project (Norwest Minerals and WA1 Resources) "Recent pre-drilling exploration has confirmed Broad conductor confirmed along strike from the Plenty River mine adjacent to magnetic features interpreted to be components of the pegmatite intrusion" Refer to slide 20 for further information with respect to the third party results. 400,000mE 500,000m Ammaroo 600,000mE Verdant Minerals 1.14bt @ 14% Phosphate DARWIN Mount/Peake 7,600,000mN TNG Ltd [email protected]% Vanadium, 5.3% Titanium Nolars Bore 7,500,000mN AraFura Resources 56mt @ 2.6% REE, 11% Phosphate 7,400,000m Stuart Hwy. Edwards Creek Copper-Gold Box Hole Rare Earth Base Metal NORTHERN TERRITORY Map Extent KGL Resources Copper & Silver 21mt @2% Cu, 32g/t Ag Green Pakrot Bellbird North Australia Abrasive 25mt @ 5.1% Garnet Spinifex Bore Molyhil 7,500,000MIN Marshall Reward Bellbird Plenty Hwy. Mud Tank Harts Range Bruce Rare Earth Gold-Copper THOR Mining Molybdenum 740mt @ 0.21% Mo N 50km Alice Springs Angela DigiMaps MGM22001 400,000mE Johnnies Reward Gold Project 400K ounce Elevate Uranium Uranium 31mt @ 1310ppm U308 600,000mE MetalsGrove Tenement Locations Legend Granted Tenement ★Mineral Resources H Railway ― Roads Localities www.metalsgrove.com.au Page 10#11Legend Metals Grove Major Road Metals Grove Tenement Historical Working Prospect Pegmatite Outcrops - 7,477,500mN Bruce Prospect: REE and Lithium Target 562,500mE N 5km Bruce North Gold-Copper -7.470.000mN EL31225 Whistleduck Mine -7,462,500mN 570,000mE DARWIN Legend MetalsGrove Major Road N NORTHERN Metals Grove Tenement Historical Working 5km TERRITORY ▲ Prospect Anomalies Map Location 7,477,500mN - - 7,477,500mN Whitehorse Mine Plenty River Mine Plenty Hwy. 562,500mE 7,462,500mN - 7.470,000mN EL31225 TREO (ppm) 0-20 ° 20-40 • 40-80 80-100 100-150 > 150 562,500mE 570,000mE DARWIN Bruce North Gold-Copper NORTHERN TERRITORY Map Location 7,477,500mN- Whistleduck Mine Whitehorse Mine Plenty River Mine HREO (ppm) A 0-10 Plenty Hwy. A 10-50 ▲ 50-100 > 100 562,500mE Interconnected gossanous quartz veins extend for over 2.1 km within sediments Recent surface field mapping and rock chip sampling highlights multiple zones of mineralised pegmatites confirmed REE mineralisation Significant grade Rare Earth assay results including TREO 433ppm, HREO 363 ppm, LREO 145.5ppm, CREO 322ppm, MREO 135ppm Near-term work programs include follow up drill testing www.metalsgrove.com.au Page 11 7,462,500mN- Metals Grove#12Bruce Prospect: Copper-Gold Targets Significant Copper- Gold Potential 560,000mE 580,000mN DARWIN MetalsGrove NORTHERN Molyhil TERRITORY • Rock chip samples taken by the Northern Territory Geological Survey assayed 53 g/t Au and 1.7% Cu · • • Previous geological mapping located ferruginous gossanous quartz vein assay returned values up to 15.3 g/t Au and 7.5 g/t Au Recent surface field mapping confirmed ferruginous gossanous rock chip assay returned 5.0 g/t Au, 16.7 g/t Ag and 2.7% Cu Mineralisation system is 1-2m wide and extends up to approximately 600m giving a total strike length of 2.1 km Refer to slide 20 for further information with respect to Thor Mining plc's results. 7,480,000mN Legend Assay Au ppm 0-0.2 0.2-0.6 0.6-1 1-2 2-5 5-99 Ferruginous Quartz Vein 7g/t Au Ferruginous Quartz Vein 53g/t Au MetalsGrove Tenement Location Plan Legend Waterline Track Major Road Metals Grove Tenement Historical Working Bruce North Gold- Copper THOR Mining Molybdenum 740mt @ 0.21% Mo Ferruginous Quartz Vein 2g/t Au EL31225 Ferruginous Quartz Vein 15.4g/t Au Whistleduck Mine Plenty River Mica Drilling Target Whitehorse Mine Mining Area Ferruginous Quartz Vein 13.3g/t Au Plenty Hwy. N Prospect 5km Mineral Resources 560,000mE Ferruginous Quartz Vein 7.3g/t Au www.metalsgrove.com.au Page 12 580,000mE Map Location 4600.00 N#13Box Hole Prospect: Rare Earth and Base Metals 7,540,000mN 575,000mE CSIRO generated 3D geological model was developed to assist exploration targeting Prospective for large tonnage carbonate hosted lead-zinc mineralisation Style of mineralisation similar to Blendevale in the Kimberley region, WA Potential for neodymium and praseodymium (NdPr), which are key components of high-performance (NdFeB) magnets for Electric Vehicle (EV) HDB072: 2m @ 1.3% Zn, 0.1% Pb from surface Incl: 1m @ 1.78% Zn, 0.4% Pb from Surface. 7,535,000mN HDB079: 8m @2.32% Zn, 0.8% Pb from 8m Incl: 3m @4.65% Zn, 1.2% Pb from 11m and 2M @ 1.6% Zn, 0.04% Pb from 37m Incl: 1m @2.55% Zn, 0.02% Pb from 37m. www.metalsgrove.com.au 580,000mE 585,000mE Line 6 Line 8 Line 9 HDB029: 5m @ 1.8% Zn, 0.05% Pb from 11m Incl: 2m @ 3.2% Zn, 0.05% Pb from 12m. King's Lead Zinc Mine HDB052: 2m @2.45% Zn, 0.55% Pb from 10m Incl: 1m @ 2.95% Zn, 0.08% Pb from 10m. Line 23 Line 24 Line 25 7,530,000mN Line 26 MetalsGrove Box Hole Drilling Legend Intercept RAB Hole Assay Historical Drilling A Diamond Drill ▲ Percussion Fault IP Line .... IP Anomaly Granted Tenement Geology Arenite Clay Dolostone Quartzarenite Sand Sandstone Soil HDB091: 2m @ 2.65% Zn, 0.7% Pb from 38m Incl: 1m @ 4.95% Zn, 0.6% Pb from 38m. N 5km 580,000mE Page 13 7,540,000mN- DARWIN NORTHERN TERRITORY EL-32419 Map Location 7,535,000mN- HDB001: 3m @ 2.9% Pb, 2% Zn from surface Incl: 2m @ 4.0% Pb, 2.8% Zn from surface and 2m @ 0.1% Pb, 2% Zn from 5m. HDB002: 2m @2% Zn, 0.2% Pb from 5m Incl: 1m @ 3.55% Zn, 0.2% Pb from 6m. WD5: 4.6mm @ 3.2% Zn, 0.20% Pb from 7.6m Incl: 1m @ 6.6% Zn, 0.2% Pb from 9.1m. 7,530,000mN- WD6: 3.1m @ 1.05% Zn, 0.10% Pb from 3m Incl: 1.6m @ 1.7% Zn, 0.15% Pb from 3m. HDB015: 2m @ 3.1% Zn 0.43% Pb from 3m Incl: 1m @ 5.25% Zn, 0.65% Pb from 3m. HDB093: 10m@ 0.84% Zn, 0.35% Pb from 5m Incl: 3m @ 1.6% Zn, 0.3% Pb from 8m. HDB045: 13m @ 2.64% Zn, 0.65% Pb from 17m Incl: 5m @ 2.3% Zn, 1.4% Pb and 5m @ 4.25% Zn, 0.18% Pb from 25m Incl: 1m @ 14.7% Zn, 0.3% Pb from 25m. HDB087: 6m @ 1.35% Zn, 0.4% Pb from 29m Incl: 1m @ 2.95% Zn, 0.7% Pb from 30m and 1m @ 2.8% Zn, 0.45% Pb from 34m. 585,000mE 7,520,000mN- MetalsGrove#14Edwards Creek Prospect: Copper-Gold Edwards Creek Project (EL-32420) covers 76 km² . Newly discovered malachite stained ironstone unit returned a maximum value of 0.81% Cu 1980s CRAE drilling intersected DD80EC1: 4.5m @ 2.25% Cu, 0.11% Pb, 1.54% Zn, 0.14 g/t Au from 47m DD81EC2: 18.6m @ 0.22% Cu, 0.17% Pb, 0.49% Zn, 0.14 g/t Au from 44.3m www.metalsgrove.com.au 400500mE 401000mE Rock Chip Samples Cu ppm Lead ppm Zinc ppm MetalsGrove Strike Extension 544 8165 * 3476 -7455500mN 815 2368 1900 6005 4.5m @2.25% Cu, EM 2142 Conductor 2770 4006 0.11% Pb, 1.54% Zn, 0.14 g/t Au from 47.5m DD80EC1 265 2567 2180 4488 9052 26442 RC02 RC01 656 1205 903 O | DD81EC2 18.6m @ 0.22% Cu, 0.17% Pb, 0.49% Zn, from 44.3m ------ 350 T 265 -7455000mN 24 New Copper Occurrences 8060 0 240 457 4178 2795 3327 Quaternary cover/quartz scree Deformed cordiorite quartzite Calc-silicate rock & marble/gossan Quartzo feldspathic gneiss Granitoid Mafic granulite & amphibolite Cordiorite quartzite Inclined Drill hole Strike & Dip of strata Quartz vein Gossan Prospective stratigraphic horizon Fault dashed where Shear Zone concealed or inferred Page 14 250m Metals Grove#15Woodie Woodie North: Manganese • Project: Woodie Woodie North (Ripon Hills) - Western Australia. DigiMaps MGM22024 255,000mE 260,000mE - 7,660,000mN • • Location: Situated in the East Pilbara region of Western Australia approximately 400 km south of Port Hedland and 95 km east of Marble Bar Access: All-weather Ripon Hills Road that ensures continued site access -7,655,000mN • . . 12 DRILL READY walk-up drilling targets defined Well connected to existing mining infrastructure Surface sampling has returned several highly anomalous manganese (Mn) and cobalt (Co) assays up to 52% Mn and 540ppm Co Recently completed airborne magnetic survey reveals an extensive/complex magnetic corridor measuring approx. 8.0 km x 2.0 km - 7,650,000mN - 7,645,000mN www.metalsgrove.com.au -7,640,000mN 255,000mE 260,000mE 5km E 45/5945 Page 15 265,000mE Historic Working Karratha Port Hedland Map Location WESTERN AUSTRALIA Kalgoorlie PERTH 7,650,000mN Mn % 0-5 5-10 10-20 20-30 30-40 40-60 Metals Grove Woodie Woodie North Project Legend Metals Grove Tenement Annomalies Metals Grove#16MILLION METRIC TONS 16 14 12 10 Co 8 6 2 Lithium Demand Surging METALS DEMAND FROM LITHIUM-ION BATTERIES 0 2020 2021 2022e 2023e 2024e 2025e 2026e 2027e 2028e 2029e 2030e YEAR 2021 vs 2030 Copper 5.5x Aluminum 5.7x Phosphorus 6.6x Iron 6.6x Manganese 9.3x Graphite 4.0x Nickel 5.2x Cobalt 1.5x Lithium 5.3x Source: BloombergNEF. Note: Metals demand occurs at mine mouth, one-year before battery demand. All metals expressed in metric tons of contained metal, except lithium, which is in lithium carbonate equivalent (LCE). Lithium is a key raw material for batteries, with price projected to rapidly increase in the coming years www.metalsgrove.com.au Page 16 MetalsGrove#1750 40 40 Mt Clean Energy Tech - Future is Bright - MINERAL DEMAND FOR CLEAN ENERGY TECHNOLOGIES WOULD RISE BY AT LEAST FOUR TIMES BY 2040 TO MEET CLIMATE GOALS, WITH PARTICULARLY HIGH GROWTH FOR EV-RELATED MINERALS Mineral demand for clean energy technologies by scenario Growth to 2040 sector 6x 50 Growth of selected minerals In the SDS, 2040 relative to 2020 42 30 4x 20 20 10 Hydrogen Electricity networks EVs and battery storage Other low-carbon power generation Wind Solar PV 40 40 50 30 25 21 19 Index (2020 = 1) 10 10 7 MetalsGrove 2020 SDS Net-zero by 2050 Lithium Graphite Cobalt Nickel Rare Earths scenario Notes: Mt = million tonnes. Includes all minerals in the scope of this report, but does not include; steel and aluminium. See Annex for a full list of minerals. Source: https://cleanenergynews.ihsmarkit.com/research-analysis/energy-transition-demands-a-critical-minerals-supply-chain-tra.html IEA. All rights reserved. www.metalsgrove.com.au Page 17#18• • • • • Near-Term Value Drivers Maiden 3,000m RC drilling program underway at the exciting Upper Coondina Lithium Project - initial holes to test the large- scale Chola Target First results from Upper Coondina expected Q1 2023 Bruce Prospect maiden drill program scheduled to commence near-term to test the bedrock conductor and historical pegmatite mines coming months Maiden drilling program planned for Woodie Woodie North Manganese Project in early 2023 to test broad conductor located along the major structural corridor MGA is advancing multiple high-quality critical metals projects with a strong pipeline of results to be delivered over next 6-8 months RESURGENCE CONFERENCE The Next Big Discovery www.metalsgrove.com.au#19MetalsGrove Contact Details REGISTERED OFFICE 6/123a Colin Street West Perth, WA 6005 CONTACT DETAILS www.metalsgrove.com.au [email protected] T: +61 8 6388 2725 Share registry AUTOMIC PTY LTD Level 5, 191 St Georges Terrace Perth WA 6000 1300 288 664 (within Australia) +61 2 9698 5414 (international) [email protected] ASX CODE: MGA www.metalsgrove.com.au Page 19#20References Third party exploration results referred to in this presentation were first announced in the following ASX releases: 1. TNG Limited's (ASX:TNG) ASX announcement "Mount Peake Resource Drilling Update" dated 8 February 2013 (referred to on slide 10). 2. Verdant Minerals Limited's (ASX:VRM) ASX announcement "Ammaroo Resource Update March 2017" dated 15 March 2017 (referred to on slide 10). 3. Arafura Resources Limited's (ASX:ARU) ASX announcement "Nolans Project Update" dated 11 May 2021 (referred to on slide 10). 4. KGL Resources Limited's (ASX: KGL) ASX announcement "Resource Upgrade at Jervois Copper Project" dated 15 September 2020 (referred to on slide 10). 5. Thor Mining plc's (ASX:THR) ASX announcement: "Mineral Resource Estimates Bonya Tungsten & Copper" (referred to on slides 10, 11 and 13). MetalsGrove is not aware of any new information in respect of the results referenced in the above ASX announcements and that full details with respect to the third party results referred to in this presentation are included in the applicable ASX announcement. www.metalsgrove.com.au Page 20 MetalsGrove