Investor Presentaiton

Important information The information in this presentation is provided for general information regarding 29Metals Limited (the 'Company ') and its subsidiaries (together with the Company, '29Metals'). Material information in this presentation has been derived from information publicly released by the Company to the ASX announcements platform. Details regarding the source information released to the ASX announcements platform is included in notes in this presentation. Information presented is deemed representative at the time of its original release and 29Metals does not accept any responsibility to update the information presented. Readers should be aware that there may be changes to historical information presented in the future due to adjustments in accounting and reporting policies and standards, and that past results or performance are no guarantee of future results or performance. This presentation is not a recommendation to invest in 29Metals. The information presented does not purport to include all of the information that a person may require in order to decide whether to invest in 29Metals. Prospective investors must seek their own legal or other professional advice, and prospective investors should seek professional advice. FORWARD LOOKING STATEMENTS This presentation contains forward-looking statements and comments about future events, including statements in relation to 29Metals' business plans and strategies, and future developments. Forward looking statements can generally be identified by the use of words such as, "expect", "anticipate", "likely", "intend", "should", "could", "may", "plan", "propose", "will", "believe", "forecast", "estimate", "target" and similar expressions. Indications of, and guidance or outlook regarding, future performance are also forward-looking statements. Forward looking statements involve inherent risks, assumptions and uncertainties, both general and specific, and there is a risk that predictions, forecasts, projections and other forward looking statements will not be achieved. A number of important factors could cause 29Metals' actual results to differ materially from the plans, objectives, expectations, estimates, targets and intentions expressed in such forward looking statements, and many of these factors are beyond 29Metals' control. Relevant statements may prove to be incorrect, and circumstances may change, and the contents of this presentation may become outdated as a result. Forward looking statements are based on 29Metals' good faith assumptions as to the financial, market, regulatory and other relevant environments that will exist and affect 29Metals' business and operations in the future. There may be other factors that could cause actual results or events not to be as anticipated, many of which are beyond 29Metals' reasonable control, and 29Metals does not give any assurance that the assumptions will prove to be correct. Readers are cautioned not to place undue reliance on forward looking statements, particularly in the current economic climate with the significant volatility, uncertainty and disruption caused directly or indirectly by the COVID-19 pandemic. Except as required by applicable laws, 29Metals does not undertake any obligation to publicly update or revise any forward-looking statements, to advise of any change in assumptions on which any forward looking statements are based, or to publish forward looking statements in the future. EXPLORATION RESULTS AND MINERAL RESOURCES & ORE RESERVES ESTIMATES This presentation includes information relating to 29Metals' Mineral Resources and Ore Reserves estimates and exploration results. 29Metals prepares and reports exploration results and Mineral Resources and Ore Reserves estimates in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (2012 Edition) (the 'JORC Code'). Unless otherwise stated, references to 29Metals' Mineral Resources and Ore Reserves estimates in this presentation are a reference to the 31 December 2022 Mineral Resources and Ore Reserves estimates released by 29Metals to the ASX announcements platform on 23 February 2023. A copy of 29Metals' 31 December 2022 Mineral Resources and Ore Reserves estimates, including Competent Persons statements and JORC Code Table 1 disclosures, is available on 29Metals' website at: https://www.29metals.com/assets/reserves-and-resources. The information in this Presentation regarding the Exploration Results at Esperanza South and Mammoth was previously released in 29Metals' ASX announcement titled 'Exploration update - Capricorn Copper' on 12 April 2023 (a copy of which is available on 29Metals' website at: https://www.29metals.com/investors/asx-announcements). The information in this Presentation regarding the Mineral Resource and Ore Reserve estimates at the Gossan Valley deposits was previously released in 29Metals' ASX announcement titled 'Golden Grove Studies Update' on 22 November 2022, which is based on the Mineral Resource and Ore Reserve Estimates as at 31 December 2021 as referred to in 29Metals' ASX announcement titled '31 December 2021 Mineral Resources & Ore Reserves Estimates' on 11 March 2022 (copies of which are available on 29 Metals' website at: https://www.29metals.com/investors/asx-announcements). All other information in this Presentation regarding Mineral Resource and Ore Reserve estimates was previously released in 29Metals' ASX announcement titled 'December 2022 Mineral Resources & Ore Reserves estimates' on 23 February 2023 (a copy which is available on 29Metals' website at https://www.29metals.com/investors/reports-presentations). 29Metals confirms that: it is not aware of any new information or data that materially affects the information included in the ASX announcements noted above; in relation to the Mineral Resource and Ore Reserve estimates, the material assumptions and technical parameters underpinning the Mineral Resource estimates and Ore Reserves estimates in the ASX announcements noted above continue to apply and have not materially changed; and the form and context in which the Competent Person's findings are presented in each of the ASX announcements noted above have not been materially modified from the original ASX announcement. The information in this Presentation regarding the production target (and forecast financial information derived from the production target) in relation to the Xantho Extended deposit was previously released in 29Metals' ASX announcement titled 'Strategic Update' on 23 May 2023 (a copy of which is available on 29Metals' website at: https://www.29metals.com/investors/asx-announcements). 29Metals confirms that all material assumptions underpinning the production target (and forecast financial information derived from the production target) in this ASX announcement continue to apply and have not materially changed. The information in this Presentation regarding the production target (and forecast financial information derived from the production target) in relation to the Gossan Valley project is derived from 29Metals' ASX announcement titled 'Golden Grove Studies Update' released to the ASX announcements platform on 22 November 2022 (a copy of which is available on 29Metals' website at: https://www.29metals.com/investors/asx-announcements). 29Metals confirms that all material assumptions underpinning the production target (and forecast financial information derived from the production target) in this ASX announcement continue to apply and have not materially changed. 29 M 2