EV Resources : Presentation - Advancing Copper Exploration in the Americas

A S X : EVR

Advancing Copper Exploration

In The Americas

June 2023

Disclaimer

This presentation has been prepared by EV Resources Limited ("EVR"). The information contained in this presentation is a professional opinion only and is given in good faith. The material in this presentation ("material") is not and does not constitute an offer, invitation or recommendation to subscribe for or purchase any security in EVR, nor does it form the basis of any contract or commitment. EVR makes no representation or warranty, express or implied, as to the accuracy, reliability or completeness of this material. JDR, its directors, employees, agents and consultants shall have no liability, including liability to any person by reason of negligence or negligent misstatement, for any statements, opinions, information or matters, express or implied, arising out of, contained in or derived from, or for any omissions from, this material, except liability under statute that cannot be excluded. Statements contained in this material, particularly those regarding possible or assumed future performance, costs, dividends, production levels or rates, prices, resources, reserves or potential growth of EVR, industry growth or other trend projections are, or may be, forward looking statements.

Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties, many of which are outside the control of, and may be unknown to, EVR. Actual results and developments may differ materially from those expressed or implied by these forward-looking statements depending on a variety of factors.

Recipients of this presentation are cautioned to not place undue reliance on such forward-looking statements. EVR does not take responsibility to release publicly any revisions or updates to any forward-looking statements to reflect events, circumstances or unanticipated events occurring after the date of this presentation except as required by law or by any appropriate regulatory authority. This presentation is a visual aid and is not intended to be read as a stand-alone document. The material contains selected and abbreviated summary information about EVR and its subsidiaries and their activities current as at the date of this presentation. The material is of general background and does not purport to be complete.

EVR does not take responsibility for updating any information or correcting any error or omission which may become apparent after the date of this presentation.

This presentation was authorised for release by the Board of EV Resources Limited

Compliance Statement

This presentation contains information extracted from ASX market announcements reported in accordance with the 2012 edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore

Reserves" ("2012 JORC Code") and available for viewing at https://evresources.com.au/. EVR confirms that it is

not aware of any new information or data that materially affects the information included in any original ASX market announcement. These announcements are as follows: •

Parag Project - 4th May 2023

Don Enrique Project - 30th August 2022, 21 November 2022, 28 March 2023 and 30th May 2023

La Cienaga Project - 14 October 2021, 25 October 2021, 15 March 2022, 15 September 2022, 3rd March 2023 and 10th May 2023

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A Clear Focus On Exploring For Copper In The Americas

Project	Country	Ownership	Work to Date
Parag	Peru	70%	76 holes totalling 18,470m
of Diamond Drilling
Don Enrique		50% with a right	Mapping, sampling,
Peru	to acquire full	geophysics completed and
		100% ownership	drill permitting underway
La Cienaga	Arizona	100%	Greenfields ground pegged
(USA)

EV Resources will focus its EV Battery Minerals strategy on copper projects in The Americas

In May 2023, EV Resources announced the acquisition of the advanced and high-grade Parag Copper-Molybdenum project in Peru

La Cienaga in la Paz County, Arizona, USA, is a Greenfields project covering 3364 acres, with field programmes planned to commence in the 2H 2024

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Parag: A Transformational Copper Deal For EVR

• The high-grade Parag Copper-Molybdenum project in Peru secures EVR an advanced copper project with substantial historical drilling and a Mining License that will position EVR's growing copper portfolio as the focal point of the Company's activities.
• This project will become the EVR flagship project, based on 18,470 metres of historical drilling (76 Holes).
• EVR's plan is to move rapidly towards defining a shallow resource on the breccias whilst developing a deeper, longer-term, porphyry copper target.
• EVR's team is particularly interested in the presence of the tourmaline breccias, of clasts of mineralised porphyry with chalcopyrite and traces of bornite. This is direct evidence of a mineralised porphyry system at depth and underpins our strategy of moving quickly towards a shallow resource on the breccias whilst developing a deeper, longer- term, porphyry copper target.

Why Peru? Peru is a major Copper Producer.

• In 2022, Peru produced 2,438,631 tonnes of copper, which is an increase of 4.8% compared to 2021 (2,326,035 tonnes)
• Peru's fast-growing economy is one of Latin America's top performers, with 18 years of macroeconomic and financial stability to its
  credit. The world's second biggest producer of silver, third biggest producer of copper and zinc, fourth biggest of tin and lead and the sixth
  biggest in gold has a well-established mining, equipment, technology and services (METS) sector.
• Australia and Peru have signed a bilateral trade agreement and are both also member countries of the Comprehensive and Progressive Agreement for Trans- Pacific Partnership (TPP-11)

Source: Ministry of Energy and Mines of Peru (MINEM)

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Parag - Extensive Historical Drilling

• Parag has had 76 Diamond Holes drilled totaling 18,470 metres, and a non JORC resource was declared in 2011, with core from the most recent 21 holes totaling 10,170 metres being held in a core shed.
• Historical drilling suggests the presence of an economic copper- molybdenum orebody, with significant value contributed by the molybdenum, currently more than five times the price of copper. Minor quantities of silver and gold have been recorded in most drill holes.
• EVR's plan is to move rapidly towards defining a shallow resource on the breccias whilst exploring a deeper, longer-term, porphyry copper target. Our drilling will start in Q3, 2023 and focus on a sequence of priorities.
• 1. Twinning and replicating the shallow and unreported "Gubbins" holes in the known high grade and outcropping breccias
  2. Step out drilling on the breccias already drilled, and a number of similar outcropping structures yet to be drilled
  3. Resource Drilling to enable a PFS to be commenced in 2024
  4. Drilling the mineralised porphyry underlying the breccias to test the potential for economic porphyry mineralisation

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