Native Mineral Resources : Annual General Meeting - Chair and CEOs Addresses

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	Boardroom Pty Limited
	Level 12 Grosvenor Place
	225 George Street, Sydney
	NSW 2000
	Australia
only	Telephone: [phone]
Website: www.boardroomlimited.com.au
Native Minerals Resources Holdings Limited
ACN 643 293 716
	ASX: NMR Native Minerals Resources Holdings Limited - 31 January 2022
	Annual General Meeting Chairman's Address FY21
	I'm very pleased to welcome everyone to our AGM for 2021 and thank you for joining us.
	As mentioned earlier, I'll allow our CEO and Managing Director, Blake Cannavo, to deliver his remarks
	in a minute in the financial and operational aspects, but beforehand, I'd like to make some comments
	on NMR's activities and performance on behalf of the Board.
	CV19 has had a significant impact on all of our lives during the last two years. It has altered the way we
uselive, work, travel, and communicate with friends, family, and others. It has also influenced the
personal	organisations operational behaviour and has hastened the transition to online platforms for daily
briefings and communications.
Our exploration campaigns in WA have not escaped from this too, due to travel restrictions, daily
	communications have had to be managed via video conference with our key management personnel
	here in NSW and in QLD.
	In FY21, we completed many exploration activities, as reported in our Annual Report. The majority of
	the operating cash expenditure was directed towards the Leanne's and Music Well's sampling and
	drilling programmes. These programmes are critical for NMR to collect data for the next phase of
	exploration planning. Furthermore, the tenement purchases in the Nullarbor region have put NMR in a
	great position to create both short and long-term value to you, our shareholders.
	While the business climate poses continual challenges from factors such as Covid, global commodity
	price movements and financial markets, NMR shares have performed well since the IPO back in
	November 2020.
	Strategic Initiatives
	NMR key strategic initiatives are broken into four elements as highlighted. These elements underpin the
For	manner in which NMR operates the business and encompass;
Smart Exploration

Growing the value of NMR's exploration asset portfolio through smart exploration has been a key business development initiative. Smart exploration basically deals with the use of the lowest cost yet effective approach in achieving the objective as part of the overall road map of exploration for each tenement.

An example is the undertaking of regional, high-precision geophysical surveys over target areas like Palmerville, the Nullarbor and Music Well.

Short Lead-In Time to Discovery

This initiative has seen NMR acquire more ready to hit target prospects as a result of extensive desktop studies on the geophysical historical information. The recent application of the Maneater tenement and

	All Registry communications to:
	Boardroom Pty Limited
	Level 12 Grosvenor Place
	225 George Street, Sydney
	NSW 2000
	Australia
only	Telephone: [phone]
Website: www.boardroomlimited.com.au
Native Minerals Resources Holdings Limited
ACN 643 293 716
	granting of the Nullarbor tenements are examples of this initiative.
	Good Real Estate
	The third strategic initiative has seen an emphasis on the organic increase in market value by obtaining
	ground in prospective areas. Consequently, NMR has secured competitive tenement areas which are
	surrounded by major players in the exploration and mining sectors.
	The Nullarbor tenement for example is surrounded by BHP Ni West, Rio Tinto and strategic elements
	whilst the Maneater and Music Well prospects are surrounded by companies including FMG, Northern
	Star and Goldfields.
useCritical Mineral Focus
personal	The last strategic element focuses on NMR's alignment with the future demands of key commodities
perceived by the market based on future economic growth predictions. These critical minerals of focus
	include but are not limited to Copper and Nickel which are a major part of NMR's asset commodities of
	interest.
	Before I handover to our CEO, Blake Cannavo, on behalf of the Board, I would like to express my
	appreciation of how all NMR teams have responded to and continue to respond to the current health
	and safety challenges caused by COVID-19. We appreciate it, as well as the assistance they've given
	to contractors, consultants, communities, and each other throughout this time.
	The Board of Directors and I would like to express our gratitude to CEO Blake Cannavo and the whole
	leadership team for maintaining a disciplined focus in the face of a tough external operating climate
	while delivering good results for shareholders. Blake has been CEO since incorporation. He should be,
	as are the Board, proud of what he and his team have accomplished in the period to position NMR for
	future success.
	Finally, on behalf of the Board, I'd want to express my gratitude to all of our shareholders, for your
	continued support.
	We remain optimistic that the Company's strategic objectives and initiatives are positioning us well for
	the future and delivering both short-term and long-term growth and performance.
	Thank you again for joining us today.
	Thank you, James. Good afternoon, Ladies & Gentlemen, and welcome. It is a pleasure to address you
	today at our AGM for the financial year 2021.
ForInvesting for Growth in Highly Promising Assets

As I look back on the previous 12 months, the Financial Year 2021 has been genuinely transformative for NMR. Our company now is very different, with more capabilities, promising assets, scale, and scope for development.

We have generated outstanding achievements for the year, with a considerable increase in the understanding of our assets, driven primarily by ongoing smart exploration activities and initiatives as well as the acquisition of new tenements during the year.

	All Registry communications to:
	Boardroom Pty Limited
	Level 12 Grosvenor Place
	225 George Street, Sydney
	NSW 2000
	Australia
only	Telephone: [phone]
Website: www.boardroomlimited.com.au
Native Minerals Resources Holdings Limited
ACN 643 293 716
	NMR has grown from having a primarily Copper commodity focus to now a multi commodity focus
	which also includes Gold and Nickel with a strong asset footprint in prospective areas which are
	surrounded by major players.
use	FY21 Financial
To begin, let me review our financial metrics for FY21. During the IPO, the net equity raised was $5.74
	million.
	As of June 2021, the company had $2.0 million in net assets and $2.05 million in cash on hand. $3.2
	million was invested in exploration development and management activities throughout the course of
	the year.
personal	This expenditure is reflective of the fast tracking of sampling and drilling campaigns which were focused
on acquiring critical data required for further exploration planning by our geology team to prove up
potential resources. This approach has significantly improved our understanding of the geology of the
	assets.
	Moreover, the company had raised over $3M in rights issue and shortfall placement last month in Dec
	2021. This will be used to expedite NMR's exploration activities in the 2nd half of FY22 as the company
	is anticipating an extremely busy and productive months ahead. I will be covering the remaining
	exploration schedule for FY22 in a later slide.
	FY21 & 1H FY22 Exploration Highlights
	As previously stated by our chairman, our approach focuses on four strategic initiatives, which build on
	the foundations of the company and its goal of generating growth over time. Throughout last year, we
	made significant progress in implementing our strategic initiatives. In FY21 and up to the first half of
	FY22, significant progress was made in relation to the Eastern Goldfield and Palmerville prospects.
	The Palmerville drilling program at Leane's confirms presence of high-level porphyritic rocks similar to
	that found at the Mungana and Red Dome Copper deposits.
	The Palmerville field sampling undertaken at the Fairlight and Glenroy prospects confirmed the
	presence of copper-rich rocks with copper values up to 19.99%. These high-grade sampling results
	demonstrate the prospectivity of an extensive, N-S trending magnetic high that extends across multiple
	NMR tenements in the Palmerville region.
	The eastern goldfields rock chip and bulk sampling field works at Music Well confirms further high-
	grade gold mineralisation up to 129 g/t Au with small but visible flakes of gold in numerous samples
	collected from the vein. Following this finding, a drilling programme was launched in the first half of
ForFinancial Year 2022, with the target vein being found in every hole at the depth indicated. With a

deeper geological knowledge of the mineralised formations, this confirmation of the target vein at depth and aids our ongoing planning work at surface. The companies geologists will be back to Music Well as soon as possible to explore the exposed vein in more detail.

In the first part of Financial Year 2022, four magnetic surveys were completed. Both the Nullarbor IOCG and Nickel surveys have confirmed the presence of a significant magnetic anomalies. The results of the Nullarbor magnetic survey will be reviewed in a later slide.

	All Registry communications to:
	Boardroom Pty Limited
	Level 12 Grosvenor Place
	225 George Street, Sydney
	NSW 2000
	Australia
only	Telephone: [phone]
Website: www.boardroomlimited.com.au
Native Minerals Resources Holdings Limited
ACN 643 293 716
	Magnetic surveys of the eastern goldfields prospects have been recently completed, but data
	interpretation is still pending and expected in the coming weeks.
use	NMR's Current Portfolio
This is a list of all currently granted assets that are owned entirely by NMR.
	In October 2021, all Nullarbor assets which were applied for in March 2021 were approved with NMR
	holding tenements for these areas.
	Maneater Hill's tenement grant application was submitted in September 2021 and is still awaiting
	approval, which is expected in Q2 2022.
personal	With the total tenement area of 2600 square kms, our technical team is conducting exploration planning
to ensure that the outcomes are consistent with our strategic business initiatives.
Palmerville
	The Palmerville Project is NMR's largest tenement holding, with new and existing prospects. NMR has
	a large exploration region over the northern Chillagoe Formation, and in order to further investigate the
	area, the company is conducting an airborne magnetic survey over all of its Palmerville tenements,
	which will begin late in Q1 or early Q2 2022.
	The resulting dataset will have a far greater resolution than currently accessible public data, and it will
	be used by the geology team to refine the already successful targeting of exploration activities in this
	region.
	Follow-up work is scheduled for the 2022 field season and will be announced in due course.
	Maneater Hill
	Maneater Hill is a highly intriguing new tenement for NMR that is now under tenement application. The
	tenement is located 100 kilometres west of Cairns, in Northern Queensland, on a mineralized breccia
	pipe near Chillagoe.
	Maneater has an exceptionally high potential for mineralisation to exist below the present level of
	shallow drilling, based on existing information acquired from prior exploration reports. Mineralisation
	begins at the surface and extends at depth, with the potential for a gold and copper deposit to exist
	below the current limits of drilling.
ForFor NMR, the exploration of the Maneater Breccia is a top priority. Drilling is being planned to

specifically target the extent and grade of this clast-supported,sulphide-bearing,breccia-hosted mineral system after the tenement permit is issued in Q2 2022.

Music Wells

The Music Well project comprises of two tenements (E37/1362 and E37/1363) with strong near-surface and greenfields narrow-vein-hostedhigh-grade gold potential. It is ideally placed near to existing

	All Registry communications to:
	Boardroom Pty Limited
	Level 12 Grosvenor Place
	225 George Street, Sydney
	NSW 2000
	Australia
only	Telephone: [phone]
Website: www.boardroomlimited.com.au
Native Minerals Resources Holdings Limited
ACN 643 293 716
	mineral discoveries and projects and is bordered by active gold exploration businesses such as
	Northern Star, FMG, Round Oak, Darlot Mining Co (Gold Fields), and other significant corporations.
	The project is located near other big gold mines and is only 50 kilometres north of Leonora, allowing for
	future growth.
	There are plans in place to resume vein exploration on tenement E37/1362, which was put on hold
	owing to travel constraints. Over the whole tenement of Music Well West (E37/1363), NMR has
	completed a high-resolution6500-line-kilometer airborne magnetic survey.
	The results of the magnetic survey are being processed and a field sampling campaign is being
	planned on the back of the results.
useOngoing efforts will continue on both Music Well tenements to locate high-grade gold prospects, with a
personal	cluster of gold indications discovered on E37/1363, to be followed up with field work in 2022.
Arcoona
	The Arcoona project located 100 kilometres northeast of Kalgoorlie and is surrounded by big mining
	firms' tenements, notably Northern Stars - Carosue Dam gold mine (ex Saracen), which is barely 5
	kilometres to the east.
	The NMR geology team have finished its desktop research which indicates Arcoona to be a gold
	potential in buried Greenstones.
	NMR recently conducted a 4600-line-kilometerfixed-wing airborne magnetics survey over Arcoona to
	aid in the definition of the buried greenstones. A major sampling programme to follow up on anomalous
	gold and magnetics data is scheduled for Q1 2022.
	Mt Vetters
	Mt Vetters is a brand-new opportunity in a hotly contested and rapidly developing location near
	Kalgoorlie. It is one of the largest single tenements in the area and is adjacent to existing Ni mines.
	Due to a growing global demand for new economy minerals such as lithium and Rare Earth Elements, a
	strategic position in this location is being increasingly sought after.
	Lithium and Rare Earth Elements (REE) are both very promising. A major surface sampling effort is
	planned for early 2022, using proprietary techniques to sample large regions rapidly, accurately, and
	precisely for key elements.
	Nullarbor
ForNMR have been granted three tenements in the Nullarbor region of SE Western Australia. The three

tenements are located over two potential target types including intrusion hosted Nickel (Northern Nullabor E69/3852) and iron-oxidecopper-gold(IOCG)-style mineralisation (Central E69/3850 & Southern Nullarbor E69/3849).

Northern tenement (E69/3852) is a high-priority magnetic and gravity anomaly discovered using the geophysical characteristics exhibited by the Nova-Bollinger Nickel deposit adjacent to Frazer Range. This target is observed in regional, publicly available geophysics, however, in order to resolve the target