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Investor Presentaiton

BMG Invincible Project High-priority drill targets identified for maiden drill program • • Ultra-detailed high resolution aeromagnetic and radiometric survey of Project area completed in December 2020 quarter Results of geophysical survey (magnetics and radiometrics) and high-res digital terrain model were integrated with existing project data (geochemical and geological) to generate multiple high priority gold targets Strong correlation between anomalous geophysical responses and existing soil geochemistry - particularly known prospect areas where artisanal mining recovered high grade Au (red ellipses) 7630000mN • • Calidus used a similar geophysical survey to generate further gold targets at its adjacent ground (see the ASX Release by Calidus dated 14 October 2020 'Calidus identifies 22 high-priority regional targets') 7625000mN Reconnaissance field work and mapping with further geochemical sampling to be undertaken to validate high-priority targets, followed by drilling once the data has been compiled BMG Resources Limited | ASX:BMG BMG 200000mE 0 205000mE 2.5km Projection: MGA Zone 51 (GDA94) 195000mE 200000mE E45/4553 600 7630000mN 7625000mN BMGL Tenement Outline Historic Au Workings Soils (Au ppm) K/Th Magnetic High • > 120ppm Au K/Th Magnetic Low ° 40-120ppm Au Structures YGMC (From Radiometrics) Warrawoona Shear 0 15-40ppm Au B 5-15ppm Au <5ppm Au Map showing the Invincible tenement 1VD grey scale magnetics. Red ellipses (dashed) show mag lows with K:Th, red ellipses (solid) shows mag highs with K:Th, structural trends of interest (including historically known) (dark dotted lines), YGMC (gneiss) trend and Warrawoona Shear (interpreted). 15
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