Dacian Gold : Precious Metals Summit September 2021 Presentation

PRECIOUS METALS SUMMIT 2021

FIVE YEAR MINE PLAN A PLATFORM TO PURSUE GROWTH AND NEW DISCOVERIES

SEPTEMBER 2021

Important Notice & Disclaimer

Disclaimer

This Presentation is for information purposes only and is not an offer, invitation or recommendation in relation to the purchase or sale of securities in Dacian.

This Presentation is not a prospectus, disclosure document or other offering document under Australian law or under any other law. This Presentation does not purport to contain all the information that a investor may require in connection with any potential investment in Dacian. This Presentation should not be relied upon as advice to investors or potential investors in Dacian. Further this Presentation has been prepared without taking account of any person's individual investment objectives, financial situation or particular needs.

Forward looking information

This Presentation contains forward-looking statements. Wherever possible, words such as "intends", "expects", "scheduled", "estimates", "anticipates", "believes", and similar expressions or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, have been used to identify these forward-looking statements. Although forward-looking statements contained in this Presentation reflect management's current beliefs based upon information currently available to Dacian's management and based upon what management believes to be reasonable assumptions, Dacian cannot be certain that actual results will be consistent with these forward-looking statements. A number of factors could cause events and achievements to differ materially from the outcomes expressed or implied in the forward-looking statements. There can be no assurance that the forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, prospective investors should not place undue reliance on forward-looking statements. Any forward-looking statements are made as of the date of this Presentation, and Dacian assumes no obligation to update or revise them to reflect new events or circumstances, unless otherwise required by law.

Compliance statements- Estimates of Resource and Reserves and Exploration Results

Mineral Resource and Ore Reserve: This Presentation contains references on pages 6,7,8,9,10 and 12to Dacian's Mineral Resource and Ore Reserve estimates, which have been extracted from the ASX announcements dated titled '2021 Mineral Resource and Ore Reserve Update' dated 31 August 2021, 'Maiden Mineral Resource Estimate for McKenzie Well' dated 16 February 2021 and 'Greater Westralia Area Technical and Mineral Resource Update' dated 11 May 2021.

Production targets and forecast financial information: This Presentation contains on pages 6, 7, 8,9,10 and 12 production targets and forecast financial information derived from production targets which were disclosed in the ASX announcements titled 'Dacian Delivers Five Year Mine Plan" dated 31 August 2021.

Dacian confirms that it is not aware of any new information or data that materially affects the information included in the previous market announcements. In the case of the Mineral Resource and Ore Reserve estimates, all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed. In the case of the production targets and forecast financial information, all the material assumptions underpinning the production target and forecast financial information in the previous announcements continue to apply and have not materially changed.

A portion of the production target referred to on pages 6,7,8,9,10 and 12 of the Presentation is based on an inferred mineral resource. There is a low level of geological confidence associated with inferred mineral resources and there is no certainty that further exploration work will result in the determination of indicated mineral resources or that the production target itself will be realised.

JORC Code

It is a requirement of the ASX Listing Rules that the reporting of ore reserves and mineral resources in Australia comply with the Joint Ore Reserves Committee's Australasian Code for Reporting of Mineral Resources and Ore Reserves ("JORC Code"). Investors outside Australia should note that while ore reserve and mineral resource estimates of Dacian in this document comply with the JORC Code (such JORC Code-compliant ore reserves and mineral resources being "Ore Reserves" and "Mineral Resources" respectively), they may not comply with the relevant guidelines for reporting in other countries. Investors should not assume that quantities reported as "resources" will be converted to reserves under the JORC Code or that the Company will be able to legally and economically extract them.

Refer to more detailed information on ASX

This Presentation is a high level summary overview. Dacian is subject to continuous disclosure obligations under the ASX Listing Rules and makes detailed disclosures about its projects and affairs to the ASX. Investors should refer to the detailed disclosures available from the ASX web site about Dacian in order to gain a fuller understanding of Dacian and its projects.

Currency

Unless otherwise stated, all dollar values in this Presentation are reported in Australian dollars.

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Dacian Snapshot

CAPITAL STRUCTURE (6 SEPT 2021)

Shares on Issue	967.4 million
Options1 / Performance Rights	22.2 million / 13.7 million
Share Price	$0.22 per share
Market Capitalisation	$213 million
Cash & Gold-on-Hand (30 June 2021)	$41.8 million
Total Debt	$16.2 million
Hedge Book	18,324oz @ $2,237/oz

BOARD

Robert Reynolds	Non-Executive Chairman
Leigh Junk	Managing Director
Eduard Eshuys	Non-Executive Director

1. Dacian outstanding options include 22,222,222 exercisable at $0.27 each

SHARE REGISTER

Institutions/Corporates

High Net Worth

Retail

Directors & Employees

MANAGEMENT

James Howard	Chief Operating Officer
Derek Humphry	Chief Financial Officer
Dale Richards	General Manager - Geology & Exploration
Phil Russo	General Manager - Corporate Development
Ben McAllister	General Manager - MMGO

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Sizeable Land Position in the Leonora-Laverton Gold District

Robust Mineral Resource base on a large, underexplored tenement holding

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Platform Established, New Growth Objective Set

Targeting existing opportunities to bring production and cash flow forward

TARGET MET

NEXT OBJECTIVE

Set the Five Year Mine Plan	Grow the Plan through Conversion and New
Discoveries

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