Duke Exploration : Brisbane Conference Investor Presentation

ersonal use only

INVESTOR PRESENTATION

March 2022

Disclaimer

This presentation has been prepared by Duke Exploration Limited ABN 28 119 421 868 ("Duke" or the "Company"). The information contained in this presentation is for information purposes only. This presentation may not be reproduced, disseminated, quoted or referred to, in whole or in part, without the express consent of Duke.

onlyThe information contained in this presentation is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. Please note that, in providing this presentation, Duke has not considered the objectives, financial position or needs of any particular recipient. The information contained in this presentation is not a substitute for detailed investigation or analysis of any particular issue and does not purport to be all of the information that a person would need to make an assessment of the Company or its assets. Current and potential investors should seek independent advice before making any investment decisions in regard to the Company or its activities.

No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and useconclusions contained in this presentation. To the maximum extent permitted by law, none of Duke, its related bodies corporate, shareholders or

respective directors, officers, employees, agents or advisors, nor any other person accepts any liability, including, without limitation, any liability arising out of fault or negligence for any loss arising from the use of information contained in this presentation.

This presentation includes "forward looking statements" within the meaning of securities laws of applicable jurisdictions. Forward looking statements can generally be identified by the use of the words "anticipate", "believe", "expect", "project", "forecast", "estimate", "likely", "intend", "should", "could", "may",

"target", "plan" "guidance" and other similar expressions. Indications of, and guidance on, future earning or dividends and financial position and ersonal

performance are also forward-looking statements. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Duke and its officers, employees, agents or associates, that may cause actual results to differ materially from those expressed or implied in such statement. Actual results, performance or achievements may vary materially from any projections and forward looking statements and the assumptions on which those statements are based. Readers are cautioned not to place undue reliance on forward looking statements and Duke assumes no obligation to update such information. Specific regard (amongst other things) should be given to the risk factors outlined in this presentation.

This presentation is not, and does not constitute, an offer to sell or the solicitation, invitation or recommendation to purchase any securities and neither this presentation nor anything contained in it forms the basis of any contract or commitment.

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Capital Structure

Corporate Structure

onlyListed 10 November 2020 (ASX:DEX)

12-month Share Price Performance

Shares on Issue
Share Price
Cash
use
Debt
M	rket Capitalisation
E	terprise Value
ersonal

105.4 million

$0.185

$8 million (estimate)

Nil

$20 million (approx.)

$12 million

Total shares quoted	90,211,152
Total shares escrowed	15,208,475
Top 20 shareholders	50.45%
Top 50 shareholders	68.0%
'Insiders'	~6.3 M of quoted
	(approx. 5.9%)	3

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Company

Assets

Queensland, Australia

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Investment Opportunity

We have the Projects, the People and the Future

only	Bundarra is a large scale copper system
Infrastructure in place for a large-scale
	mining operation
use	Mt Flora JORC compliant inferred
resource
Numerous, significant mineral occurrences
	around the 50km Bundarra pluton contact
ersonal	Strong team with extensive exploration
track record
	Rapid, reliable and cost-effective
	geochemical and geophysical techniques
	Clear path to ongoing value creation

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