New Century Resources : Brisbane Mining Energy & Minerals Conference Presentation

Brisbane Mining Energy & Minerals Investor Conference

onlyuse

ersonalMarch

2022

Century Mine zinc tailings reprocessing: Now an established top 15 global producer

Disclaimer

Certain statements contained in this presentation constitute forward looking statements. Forward looking information often relate to statements concerning New Century's future outlook and anticipated events or results and, in some cases can be identified by terminology such as "may", "will", "could", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "projects", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts. Statements of historical fact are not considered forward looking information.

Forward looking statements are based on a number of material factors and assumptions, including, but not limited in any manner to, those disclosed in results; the ability to explore; onlycommunications with local stakeholders and community and government relations; status of negotiations; weather conditions; Ore Reserves; Mineral Resources; development approach and

schedule; the receipt of required approvals, titles, licenses and permits; sufficient working capital to develop and operate mines and implement development plans; access to adequate services and supplies; foreign currency exchange rates; access to capital markets; availability of qualified work force; ability to negotiate, finalise and execute relevant agreements; lack of social opposition to mines or facilities; lack of legal challenges with respect to the property; the timing and amount of future production and ability to meet production, operating and capital cost expenditure targets; timing and ability to produce studies and analysis; economic conditions; the ultimate ability to mine, process and sell the mineral products produced; the timing, exploration, development, perational, financial, budgetary, economic, legal, social and political factors that may influence future events or operating conditions. Forward looking statement are only predictions based on

New Century's current expectations and projections of future events. Actual results may vary from such forward-looking information for a variety of reasons.

New Century believes that the forward-looking statements included in this presentation are based on reasonable grounds. However, neither the Company nor any other person makes or gives any

representation, assurance or guarantee that the expected outcomes reflected in this announcement will ultimately be achieved.

useThroughout this report financial information is presented other than in accordance with accounting standards (non-IFRS financial information). As non-IFRS financial information does not have a tandardised meaning prescribed by IFRS, they are not necessarily comparable to similar measures presented by other companies.

The Company publishes the following non-IFRS measures as they provide additional meaningful information to assist management, investors and analysts in understanding the financial results and assessing prospects for future performance. Accordingly, such non-IFRS measures are intended to provide additional information and should not be considered in isolation or in substitution of IFRS financial information. C1 Costs - Cash costs per pound of payable metal produced. It represents the net direct cash cost expressed in United States dollars incurred at each processing stage from mining through to recoverable metal delivered to market including treatment charges for zinc concentrate less net by-product credits and non-cash inventory adjustments. Corporate overheads

and royalties are excluded. AISC - All-In Sustaining Costs per pound of payable metal produced. It represents all cash costs expressed in United States dollars incurred at each processing stage from ersonalmining through to recoverable metal delivered to market including smelter treatment charges for zinc concentrate less net by-product credits and non-cash inventory adjustments. Corporate

overheads and royalties are included. Net Sales Receipts - Net Sales Receipts is calculated as sales receipts including realised quotational period adjustments under concentrate sales contracts less smelter treatment charges imposed under those contracts, freight and penalties. Operating Costs - Operating Costs is calculated as the cost of goods sold plus selling, general and administrative expenses and is expressed on a cash basis. Operating Cash Margin - Operating Cash Margin is calculated as the difference between Net Sales Receipts and Operating costs. Adjusted EBITDA - Adjusted Earnings Before Interest, Tax, Depreciation and Amortisation is based on notional net revenue calculated removing all one-off items including those triggered by the Declaration of Commercial Production and associated accounting practices and assumes all payable metal produced in the specified period is sold in that specified period.

Other than required by law, New Century assumes no obligation to update any forward-looking information to reflect, among other things, new information or future events. This presentation is approved for release by the Board of New Century.

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New Century Resources Overview

At a Glance

Major Shareholders

Karumba Port

Market Capitalisation (at $1.95/sh)

Enterprise Value (at $1.95/sh)

ASX Code

A$255 million

A$151 million

NCZ

20%	Sibanye-Stillwater

39%

Australian & International

only	Century Mine
Zinc/Lead/Silver

Cash & Debt (at 31 Dec 2021)

Available Cash & Concentrate

Restricted Cash

Debt

A$105 million A$44 million None

41%

Institutions

Others Shareholders

ersonaluse

Head Office

Melbourne

Mt Lyell Mine

Copper/Gold

Board & Executive Management

Rob McDonald	Patrick Walta	Kerry Gleeson	Peter Watson	Nick Cernotta
Independent	Managing	Non-Executive	Non-Executive	Non-Executive
Chairman	Director	Director	Director	Director

Mark Chamberlain Tom WIlcox	Barry Harris	John Carr	Michael Pitt
Chief Financial	General Counsel &	Chief Operating	Chief Development	Head of
Officer	Company Secretary	Officer	Officer	Development

Highlights

Strong safety culture:

TRIFR 2.5 vs QLD industry average 7.5

Developed Australia's largest-ever tailings retreatment operation

Diversified commodity profile developed: zinc, copper, lead, gold, silver

Mt Lyell Copper Mine: one of the largest near-term producing green copper opportunities on the ASX

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onlyCentury Operations

useQueensland, Australia ersonal

Green Zinc: A Unique ESG Offering

• Top-15global zinc producer via sustainable metal recovery
• Australia's largest-ever tailings retreatment & hydraulic mining operation
• Long-termbenefits to local stakeholders via Gulf Communities Agreement

Tailings Operations: Engine Room for Growth

• December Quarter Performance:
• • A$40.4m EBITDA for produced metal (Company record)
  • Zinc recovery averaged 50.7% for the full quarter
• Over 750,000t of zinc concentrate produced since Century restart

In-situ Development: Platform for Mine Life Extension

• Pre-taxNPV of A$212m, IRR of 102% & 2.2-year payback
• A$709m in revenue & A$287m in pre-tax net cash flow over 4 years
• In-SituFeasibility Study assumes zinc price ~40% lower than current

Century Overview: Tailings Operations & In-situ Development

100% Owned Mine & Strategic Logistics Infrastructure December 2021 Quarter Snapshot

only		▪	30.3kt (66.7Mlb) zinc metal produced at a C1 cost of US$0.88/lb
		▪	Record quarterly average zinc recovery 50.7%
		▪	Record quarterly EBITDA1 A$40.4m on produced metal basis
		▪	A$104.7m in available cash & concentrate, debt free
use		Mine Life Extension Target to 2030+
		250			Historic Production																LOM Extension Target
	ktpaProduction,	200
ersonal
		150
	Zn+Pb	100
		50
			0
				2019	2020	2021	2022		2023	2024	2025		2026			2027	2028	2029	2030
																	Financial Year
							Current Ore Reserves		Current Mineral Resources	Target Extensions	| 5
	1 Earnings before interest, taxes, depreciation, amortisation and hedging settlement gains/losses. 'Produced basis' represents all payable production produced within the quarter. 'Excludes one-
	off non-operational accounting adjustments associated with the transformational ESG-focused growth transaction.