MinRex Resources : Investor Presentation

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MINREX RESOURCES LIMITED

NEW LITHIUM PROJECTS IN THE EAST PILBARA

@MinrexResources

ASX:MRR December 2021

www.minrex.com.au

IMPORTANT NOTICE & DISCLAIMER:

For personal use only

• MinRex Resources Limited ABN 81 151 185 867 (Company) has prepared this deck. While all reasonable care has been taken in preparing this document, the Company and its officers, employees, contractors and associates make no representation or warranty as to the accuracy, reliability or completeness of this deck. It is not a complete statement of all material information nor is it intended to provide the principle basis of any investment.
• This deck is prepared for your general information only and is intended to provide a brief summary of the Company. This deck has not considered the investment objectives, financial situation or needs of any particular investor. It is not intended to be a recommendation by the Company or any of its officers, employees, contractors or associates. Each recipient must make its own independent assessment and obtain its own independent professional advice and determine its interest in investing in the Company on the basis of such independent assessment, investigations and due diligence, having regard to particular investment needs, objectives and financial circumstances, that it considers necessary or desirable.
• To the maximum extent permitted by law, the Company and its officers, employees, contractors and associates exclude any liability that may arise due to your use of this deck and/or the information or materials contained in it. You agree to indemnify the Company and its officers, employees, contractors and associates for any loss or liability arising out of your use of this deck.
• Important: This deck does not constitute an offer or invitation to subscribe for securities in the Company. Any implied offer is an excluded offer pursuant to sections 708(8), (10) and (11) of the Corporations Act 2001 (Cth).

ASX Listing Rule Information

• The company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and, in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates in the original market announcements continue to apply and have not materially changed. The Company confirms that the form and context in which the competent persons findings have not been materially modified from the original announcement.

Competent Persons Statement

• The information in this report that relates to Exploration Targets and Exploration Results is based on information compiled by Mr Pedro Kastellorizos, a Competent Person who is a Member of the Australian Institute of Geoscientists and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr Kastellorizos is employed as CEO by MinRex and consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

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CORPORATE SUMMARY

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CAPITAL STRUCTURE

ASX Code	MRR
Share Price (9 December 2021)	A$0.039
1 Year Change	+100%
12 Month Range	0.014 - 0.051
Shares on Issue	584,387,055
Market Cap	A$22.7M
Options	151,523,170
Average Volume	8,836,822
Cash (30 September 2021)	$1.97M
Debt	Zero

Figure 1 - MRR 12 Month Share Price Chart

• Top 20 Shareholder - ~50%
• Board and Management - ~14%

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For personal use only

COMPANY HIGHLIGHTS

		Gold-Base Metal Exploration Sofala-Sunny Corner
Lithium Exploration (Pilbara WA)
	(NSW)

WORLD CLASS MINING	DIVERSIFIED MINERAL	ADVANCED EXPLORATION	CORPORATE & TECHNICAL
EXPLORATION REGIONS	PORTFOLIO	TARGETS	STRENGTH

NSW - Two JORC Resource have been defined with the third JORC Resource pending within NSW Sofala Project.

WA - Over 700 km of highly prospective lithium-tin-tantalum ground located in the East Pilbara

• Lithium
• Tin
• Tantalum
• Gold
• Silver
• Copper
• Lead
• Zinc

• Extensive exploration projects with significant historic exploration and drill results within the WA and NSW tenements
• Pending Third JORC Resource in 2022.
• Over 150 artisanal workings and 7 historic operating mines.

• Team of lithium, gold and polymetallic exploration experts.

COMPANY PERFORMANCE AND PLANS

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		PAST 6 MONTHS	SPRING GULLY GOLD JORC	SURFACE HILL GOLD JORC	ODETTE PILBARA LITHIUM	ABEH PILBARA LITHIUM
personalFor	OF
RESOURCE	RESOURCE	ACQUISTION	ACQUISITION
		PERFORMANCE	(JULY 2021)	(JULY 2021)	(NOVEMBER 2021)	(NOVEMBER 2021)
				2012 JORC Resource of 9.48Mt at 1.06	2012 JORC Resource of 9.48Mt at 1.06	483km2 of granted exploration	4 exploration licences and mineral
				g/t Au containing 323,900 oz Gold	g/t Au containing 323,900 oz Gold	licences across 4 projects within the	rights to 3 exploration licences in the
				within the Sofala NSW Lachlan Fold	within the Sofala NSW Lachlan Fold	highly prospective region of Pilbara,	Pilbara region (176km2) highly
				Belt. 1	Belt.	WA (Subject to shareholder	prospective for Lithium-Tin-Tantalum
						approval).	(Subject to shareholder approval).

NEXT 6 MONTHS	EXPLORATION TO COMMENCE OVER	EXPLORATION TO COMMENCE OVER	COMPLETION OF JORC RESOURCE
LITHIUM GROUND IN WA	LITHIUM GROUND IN WA	OVER QUEENSLANDER AND
OF EXPLORATION	(JANUARY - FEBUARAY 2022)	(MARCH - JUNE 2022)	UPGRADE SPRING GULLY AND
			QUEENSLAND
			(June/July 2021)
	Completion of a review of all airborne geophysics datasets.	Commence RAB or RC drilling over all anomalous lithium	RC drilling to commence at the historic Queenslander
	Commence exploration programs over newly targeted	bearing areas delineated by ground exploration - approx.	and Spring Gully with a view to increase the known
	areas, concentrating around historical Sn-Ta mines, lithium	between 5,000 and 10,000m to be committed depending on	JORC ounces and tonnage with an Exploration Target	5
	mineralised areas defined by geochemistry and over known	the exploration results	of +700K of Au.
	pegmatite areas.

1. Refer to MRR Company ASX announcements on 12 July 2021 and 28 July 2021