Matador Mining : Investor Presentation - PDAC Conference

onlyuse

ersonalEXPLORING IN A PROVEN MULTI-MILLION OUNCE GOLD SYSTEM IN NEWFOUNDLAND,

CANADA

June 2022

ASX: MZZ

OTCQX: MZZMF

FSE: MA3

DISCLAIMER

Disclaimer and Forward Looking Statements

onlyThis presentation is not a prospectus nor an offer of securities for subscription or sale in

any jurisdiction nor a securities recommendation. The information in this presentation is an overview and does not contain all information necessary for investment decisions. In making investment decisions, investors should rely on their own examination of Matador

Mi i g Limited (Matador or the Company) and consult with their own legal, tax, business

a d/or financial advisers in connection with any acquisition of securities or interest in the

Company. The information contained in this presentation has been prepared in good faith

by the Company. However, no representation or warranty, express or implied, is made as

to the completeness or adequacy of any statements, estimates, opinions or other

information contained in this presentation. To the maximum extent permitted by law, the

Company, its directors, officers, employees and agents disclaim liability for any loss or usedamage which may be suffered by any person through the use of, or reliance on, anything

contained in or omitted from this presentation. Certain information in this presentation r f rs to the intentions of the Company, but these are not intended to be forecasts, forward looking statements, or statements about future matters for the purposes of the Corporations Act 2001 (Cth) or any other applicable law. The occurrence of events in the

f t re are subject to risks, uncertainties and other factors that may alter the Company's act al results, performance or achievements to differ from those referred to in this presentation to occur as contemplated. The presentation contains only a synopsis of more detailed information available in relation to the matters described in this document

and accordingly no reliance may be placed for any purpose whatsoever on the sufficiency ersonalor completeness of such information and to do so could potentially expose you to a significant risk of losing any of the property invested by you or incurring by you of

dditional liability. Recipients of this presentation should conduct their own investigation, ev lu tion and analysis of the business, data and property described in this presentation. In particular, any estimates or projections or opinions contained herein necessarily involve sig ificant elements of subjective judgment, analysis and assumptions and you should satisfy yourself in relation to such matters.

Mineral Resources

The information in this Presentation that relates to the Mineral Resource estimate for the Cape Ray Gold Project was announced on 6 May 2020. Matador confirms that it is not aware of any new information or data that materially affects the information included in the announcement of 6 May 2020 and that all material assumptions and technical parameters underpinning the Mineral Resource estimate in that announcement continue to apply and have not materially changed.

Scoping Study

The information in this Presentation that relates to the Scoping Study on the Cape Ray Gold Project was announced on 6 May 2020. Matador confirms that all material assumptions underpinning the production target and forecast financial information included in that announcement continue to apply and have not materially changed.

Exploration Results

The information in this Presentation that relates to exploration results at the Cape Ray Gold Project was announced on 6 October 2020, 29 October 2020, 11 November 2020, 16 December 2020, 1 February 2021, 9 February 2021, 17 February 2021, 17 17 March 2021, 12 May 2021, 3 June 2021, 11 August 2021, 26 August 2021, 7 September 2021, 21 September 2021, 12 October 2021, 30 November 2021, 14 December 2021, 7 February 2022, 1 March 2022, 18 March 2022, 20 April 2022, 26 May 2022, 2 June 2022 and 8 June 2022 . Matador confirms that it is not aware of any new information or data that materially affects the information included in those announcements.

ASX:MZZ | OTCQX:MZZMF | FSE: MA3

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STRATEGICALLY PLACED IN NEWFOUNDLAND, CANADA

Existing high-grade, shallow mineral resource

One of the highest-grade undeveloped resources in a top-tier jurisdiction(1)

only	• Resource - 837,000oz Au at 2g/t with 96% < 200m from surface3
	• Underpins market capitalisation

Significant tenement package on two major gold structures

Cape Ray Shear Zone

use	• 120km of continuous strike along proven multi-million oz gold structure
• ~ 88% of strike (105km) with only 25 diamond drill holes
Hermitage Flexure
	• 27 kilometres of continuous strike
	• Large area of anomalous gold, arsenic and antimony
ersonal4. As at 31 March 2022
Final frontier for mining in a tier-one jurisdiction
Newfoundland, Canada - 25km from an established town and deep-water port
	• Major infrastructure: roads, hydro power, airport
	• Strong government and stakeholder support

1.	Ave age head grade Yr 1 - 4 - 2.6g/t Au (Scoping Study - May 2020)
2.	ASX announcement 6 May 2020
3.	As at 6 June 2022	ASX:MZZ | OTCQX:MZZMF | FSE: MA3

CAPITAL STRUCTURE

MARKET	CASH (4)
CAPITALISATION(3)
A$35m	A$7m
SHARES OUTSTANDING(4)	OPTIONS(4)
217m	29m

TOP HOLDERS

CI Financial	Toronto	5.8%
Franklin Resources	San Fran	4.9%
Acorn Capital	Melbourne	4.4%
Retail	Various	64%

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BOARD AND MANAGEMENT

Strong team with significant experience in gold exploration and development

MANAGEMENT
only	Sam Pazuki P. ENG, M.FIN
	MANAGING DIRECTOR & CHIEF EXECUTIVE OFFICER
	Toronto based; Over 20 years mining industry experience in senior leadership
	positions in engineering, business development, strategy & investor relations.
	Past - Senior VP Strategy & Corporate Development at OceanaGold Corp (TSX:
use	OGC), Ernst Young Advisory Services & Enbridge Inc.
Warren Potma BSC, MSC, MAIG, M. AUSIMM
	CHIEF GEOLOGIST
	Over 25 years international experience specializing in structural and
ersonal	economic geology, geochemistry and geometallurgy. Broad experience
across exploration, feasibility and mining functions.

Crispin Pike BSC, MSC

VP DISCOVERY

Over 17 years international experience in structural geology and geophysics applied to mineral exploration, and Newfoundland geology expert.

DIRECTORS

Ian Murray FCA, MAICD

NON-EXECUTIVE CHAIRMAN

Over 25 years mining industry experience in senior leadership positions. Past - Executive Chairman and Managing Director of Gold Road Resources Ltd and DRDGold Ltd (NYSE & JSE: DRD).

Justin Osborne BSc(Hons) Geology, FAusIMM, FSEG, MAICD

NON-EXECUTIVE DIRECTOR

Over 30 years experience as a mining & exploration geologist.

Past - Executive Director at Gold Road Resources.

Current - Non-Executive Director of Hamelin Gold & Anglo Australia Resources.

Dr Nicole Adshead-Bell Ph.D., Structural & Economic Geology

NON-EXECUTIVE DIRECTOR

Over 24 years experience in technical, corporate, institutional investor and investment banking segments of the mining sector.

Current - President of Cupel Advisory Corp and Non-Executive Director of Altius Minerals Corp and Non-Executive Chair of Hot Chilli.

Kerry Sparkes M.SC., P. GEO

TECHNICAL ADVISOR TO THE BOARD

Over 30 years international experience in the mineral exploration business as both an exploration geologist and executive.

Past - VP Geology for Franco-Nevada Corp.

ASX:MZZ | OTCQX:MZZMF | FSE: MA3

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HOTTEST GOLD RUSH GLOBALLY

Limited gold production in Newfoundland
• Total historical gold production: ~2.3 Moz
only
•	Total 2016 drilling: < 70,000 metres
•	Total 2021 drilling: ~400,000 metres

Maj r gold discoveries

Marathon Gold (MOZ.TSX) ~A$480M market cap use• Valentine Lake: 4.8Moz @ 1.7 g/t Au

New Found Gold (NFG.TSXV) ~A$1.3BN market cap

• Queensway: 19m @ 92.9 g/t Au & 25.6m @ 146.2 g/t Au

Other Newfoundland Gold Explorers:

ersonal• Multiple TSXV Newfoundland explorers A$30M - A$250M market capitalisation

Matador Mining - ASX

• Largest gold tenement package on multi-million-oz structure

• Significant discount to Newfoundland gold peers

• Only stock on the ASX with exposure to Newfoundland

MARITIME RESOURCES

HAMMERDOWN PROJECT

Resource: 0.9Moz

Mkt Cap: A$33M

					NEW FOUND GOLD
					QUEENSWAY PROJECT
					Resource: N/A
MATADOR MINING
		MARATHON GOLD	Mkt Cap: A$1,312M
CAPE RAY GOLD PROJECT
Resource: 840Moz		VALENTIME LAKE PROJECT
Mkt Cap: A$35M			Resource: 4.8Moz
				Mkt Cap: A$480M
				MATADOR MINING
				HERMITAGE PROJECT
				Resource: N/A
	BIG RIDGE GOLD
	HOPE BROOK PROJECT
	Resource: 0.9Moz
	Mkt Cap: A$31M

Note: All Market Caps are as at Jun 7/22

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ASX:MZZ | OTCQX:MZZMF | FSE: MA3	matadormining.com.au	5
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