Kopore Metals : Transformational Acquisition and Company Update Presentation

onlyuse	ASX:KMT
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Transformational Acquisition and

Company Update

Corporate Presentation December 2021

IMAGE: Historical Horseshoe Lights Mine open pit

Disclaimer

Summary Information

This presentation (Presentation) has been prepared and authorised for release by the Board of Kopore Metals Limited (Kopore or the Company). This Presentation provides a summary on Kopore, its subsidiaries and its Botswana and Australian projects, which is current as at the date of this Presentation. It also includes information about a proposed acquisition of assets in Niger. The information in this Presentation is of a general nature and does not purport to be complete nor does it contain all the information which a prospective investor may require in evaluating a possible investment in Kopore. This Presentation should be read in conjunction with Kopore's other periodic and continuous disclosure announcements which are available at www.asx.com.au. onlyThis Presentation does not constitute financial product or investment advice or an offer, invitation or recommendation to acquire securities in Kopore. The information in this Presentation does not take into account the investment objectives, financial situation or particular needs of any recipient. Before making an investment decision, each recipient of this Presentation should make their own independent evaluation of an investment in the Company and consult with their own legal, tax, business and/or financial advisers in connection with any acquisition of securities or interest in

Kopore.

Disclaimer

This Presentation does not constitute an offer, invitation or recommendation to subscribe for, or purchase any security or interest in Kopore. Kopore makes no representation or warranty, express or implied, as to the accuracy, adequacy, completeness or reliability of any statements, representations, estimates or opinions or other information contained in this Presentation. To the maximum extent permitted by law, each of Kopore and its subsidiaries, and their respective directors, officers, employees, contractors, agents and advisers 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 missi ns from this Presentation and they do not accept any liability for any loss or damage which may be suffered by a person through the use or reliance on any statement made in, or omitted

fr m, this Presentation.

Information regarding the Niger project is based on data compiled from company announcements to the ASX by the previous owners of the project, NGM Resources Limited (NGM) and Paladin Energy Limited (Paladin). In particular the announcements made by NGM on 5th June 2008, 25th May 2009, 23rd July 2009, 4th August 2009, 6th November 2009, 15th December 2009, 28th January use2010, 31st March 2010, 5th May 2010, 27th May 2010 and 15th July 2010 and Paladin's annual reports announced 31st August 2011, 30th August 2012, 29th August 2013 and 28th August 2014. Bas d on the reporting by both NGM and Paladin, the Company believes that there has been no material change to the drilling results or Mineral Resources previously announced to the ASX and that th re is no additional information available regarding the project that has not been previously announced to the ASX. It should be noted that the Mineral Resource estimate for the Takardeit deposit was first reported under the 2004 edition of the Joint Ore Reserves Committee Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC(2004)) and is included in the presentation on the basis that there has been no additional drilling reported on the deposit and there has been no material change to the underlying Mineral Resource information. It is expected that, once the transaction has been completed studies will be undertaken to enable the company to report the Takardeit Mineral Resources to the current JORC(2012)

code. The Company does not adopt or endorse the drilling results or Mineral Resources previously announced to the ASX.

Forward Looking statements

This Presentation contains forward looking statements that are based on the Company's beliefs, expectations, estimates and projections as of the date on which the statements were made and no obligation is assumed by Kopore to update forward looking statements if these beliefs, expectations, estimates and projections should change or to reflect other future developments. Forward looking statements can generally be identified by the use of words such as 'outlook', 'anticipate', 'project', 'target', 'potential', 'likely', 'believe', 'estimate', 'expect', 'intend', 'may', 'would', 'could', 'should', 'scheduled', 'will', 'plan', 'forecast', 'evolve' and other similar expressions. Any forward looking statements, including projections, guidance on future revenues, earnings and estimates, are provided as a general guide only and should not be relied upon as an indication or guarantee of the future performance of Kopore. Forward looking statements are inherently subject to business,

ersonaleconomic, competitive, political and social uncertainties and contingencies and involve known and unknown risks, and other factors that may cause Kopore's actual results, performance or chievements to differ materially from any future results, performance or achievements expressed or implied by these forward looking statements.

Competent Persons Statement

The information in this presentation that relates to Exploration Results and Mineral Resources for the Niger project is based on information compiled by Mr David Princep, who is an independent co sulta t of the Company. Mr Princep confirms that the information in this presentation is an accurate representation of the available data and studies of the Takardeit Project. Mr Princep is a Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM) and a Chartered Professional Geologist and has sufficient experience of relevance to the styles of mineralisation and the types of deposits under consideration, and activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore reserves Committee (JORC) Australasian Code for Reporti g of Exploration Results, Mineral Resources and Ore Reserves. Mr Princep consents to the inclusion in the report of matters based on information in the form and context in which it appears.

The inf rmation in this presentation that relates to Geophysical Exploration Results for the Botswana and Australian projects is based on information compiled by Mr Grant Ferguson, who is a n n-executive Director, shareholder and consultant of the Company. Mr Ferguson is a fellow of the Australian Institute of Geoscientists (AIG) and a fellow of the Australian Institute of Mining and Metallurgy (AusIMM) and has sufficient experience of relevance to the styles of mineralisation and the types of deposits under consideration, and activities undertaken, to qualify as a Competent Per on as defined in the 2012 Edition of the Joint Ore reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Ferguson con ents to the inclusion in the report of matters based on information in the form and context in which it appears.

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Uranium & Copper - Critical Components for a Green Future

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Proposed Acquisition

Agadez Project

Tim Mersoi Basin

Niger (U)

Horseshoe West Project

Bryah Basin

Western Australia

(Cu/Au)

Ghanzi West Project

Kalahari Copper Belt

Botswana (Cu)

IMAGE: Drill rig at Korong Dome - Botswana

Overview - A Unique Opportunity in Niger

• >17% U3O8 highest assay recorded from samples of sandstone
	outcrops at Takardeit
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•	Same geology as Orano's mines and the significant deposits
	held by TSX listed Global Atomic and TSX-V listed Goviex
• Niger is a mining friendly jurisdiction with a 50-year history of
	uranium production
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•	T nements previously acquired by Paladin Energy for AU$27M
	when uranium prices were ~US$45/lb1
•	2004 JORC Inferred Mineral Resource at Takardeit of 23Mt at a
	grade of 210ppm U O	8	for 11Mlbs utilizing a 120ppm cut off 2
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•	Strengthened leadership team with strong uranium experience
	N tes:
	1. At the time of Paladin's acquisition of NGM, NGM also held metal exploration tenements in Madagascar. The original uranium t	enements covered an area of
	~1,500km2. In 2013, Paladin Energy relinquished 50% of the uranium tenements. The areas retained by Paladin reflect the Permits proposed to be acquired by
	KMT
	2. The Mineral Resource Estimate was previously reported by NGM Resources Limited (NGM) on 28 January 2010 under the JORC Code 2004. The estimate of Mineral
4	Resource is not reported in accordance with the JORC Code 2012. A Competent Person has not done sufficient work to classify the estimates of Mineral Resource
in accordance with the JORC Code 2012. It is possible that following evaluation and/or further exploration work the currently reported estimates may materially
	change and hence will need to be reported afresh in accordance with the JORC Code 2012. For further information, including the work the Company intends to
	undertake on the asset and reporting it in accordance with JORC 2012, please see the Company's announcement of 9 December 2021.

Overview - Ghanzi West Project in the Kalahari Copper Belt

• Underexplored emerging world-class copper province

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•	Along strike of Sandfire's copper-silver Motheo mine
	under construction and high-grade A4 deposit
•	Large domal targets at Kara (~840km2) and Korong
	(~1,090km )

use• Botswana ranked 1st in Africa and 11th of 77 countries globally in overall mining investment attractiveness1

• Safe, politically stable and mining-friendly jurisdiction

ersonal• 6 prospecting licences over a land area of 2,619km2

Notes:

1. Fraser Institute Annual Survey of Mining Companies 2020

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