Investor Presentaiton

Dingo Pass Ni-Cu-PGE'S • - Dingo Pass just inboard of craton margin on major cross craton structure. Magnetic dome feature with a cluster of extremely high conductance EM targets and coincident soil anomalies [Ni, Cu, PGE's] An AEM survey flown in 2021 by the Company identified 8 target zones across the package • Ground EM surveying subsequently confirmed very high conductance discrete bedrock targets • • . Mapping identified that some rocks previously mapped as BIF were mafic intrusives Soil geochemistry highlighted anomalous Ni, Cu, PGE over the "dome" prospect Compelling story emerged → strong conductors, the right rocks, coincident anomalous soil geochemistry Investor Presentation October 2022 Innouendy Opal Bore Dingo Pass target area Dingo Pass Irrida East Irrida Hill Hooper Belele 40km IMAGE: Semi-transparent Tau [time constant] image [EM derived] over aerial photo. RED high time constant [better conductor]. = www.desertmetals.com.au m

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