Resource Mining : Amended Investor Presentation

ASX : RMI

ersonal use only

Nickel exploration

in Tanzania

Investor Update

June 2022

Disclaimer

The material in this presentation has been prepared by Resource Mining Corporation Limited ("Company").

This presentation may not be reproduced, redistributed or passed on, directly or indirectly, to any other person, or published, in whole or in part, for any purpose without prior written approval of the onlyCompany. The material contained in this presentation is for information purposes only. This presentation is not an offer or invitation for subscription or purchase of, or a recommendation in relation to,

securities in the Company and neither this presentation nor anything contained in it shall form the basis of any contract or commitment.

Any offering of any of the Company's securities to Australian persons will be subject to Australian securities laws. The distribution of this document in jurisdictions outside of Australia may be restricted by law, and persons into whose possession this document comes should inform themselves about, and observe, all such restrictions.

This presentation is not financial product or investment advice. It does not consider the investment objectives, financial situation and particular needs of any investor. Before making an investment in the Company, an investor or prospective investor should consider whether such an investment is appropriate to their particular investment needs, objectives and financial circumstances, seek legal and taxation advice as appropriate and consult a financial adviser if necessary.

useThis presentation may contain forward-looking statements that are subject to risk factors associated with renewable energy business. Forward-looking statements include those containing such words as "anticipate", "estimates", "forecasts", "should", "could", "may", "ideal", "intends", "will", "expects", "plans" or similar expressions. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a range of variables and changes in underlying assumptions which could cause actual results or trends to differ materially. The Company does not make any representation or warranty as to the accuracy of such statements or assumptions.

This presentation has been prepared by the Company based on information currently available to it. No representation or warranty, express or implied, is made as to the fairness, accuracy,

completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of the Company or its subsidiaries or affiliates or ersonalthe directors, employees, agents, representatives or advisers of any such party, nor any other person accepts any liability for any loss arising from the use of this presentation or its contents or otherwise

rising in connection with it, including without limitation, any liability arising from fault or negligence on the part of the Company or its subsidiaries or affiliates or the directors, employees, agents, representatives or advisers of any such party.

Investor Update | June 2022 | ASX:RMI

Introduction

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Resource Mining Corporation Limited is an independent

Australian mineral resource company.

RMC is currently exploring the Kabulwanyele Nickel Project (KNP) in Tanzania, where initial exploration conducted in 2021 was extremely promising, and identified a strong nickel anomaly.

An acquisition of the Massive Nickel Pty Ltd portfolio is currently pending, comprising five projects: Kabanga North, Kapalagulu, and Southern projects: Liparamba, Kitai and Mbinga, all in Tanzania.

RMI has an Exclusive Option to acquire one Nickel and two

Lithium projects in Finland

The board has strong ties to Tanzania, Chaired by Asimwe Kabunga, a Tanzanian-born Australian entrepreneur who was instrumental in establishing the Tanzania Community of

Western Australia Inc. and served as its first President.

Tanzania is located on the East Coast of Africa

Investor Update | June 2022 | ASX:RMI

demand growth from the lithium-ionbattery market, and a supply-sidethat has been impacted by geopolitical factors, has seen nickel prices double in the last 2 years.

Mining majors such as BHP and Fortescue have been competing to gain exposure to nickel projects, with BHP committing to a US$100 million investment to Kabanga Nickel, in Tanzania.

Tanzania is highly prospective for nickel. As well as the Kabanga Nickel project with 58 million tonnes at 2.62% Ni*, the country also hosts meaningful resources at Ntaka Hill, Musongati, Kapalagulu, Dutwa and Zanzu.

The country operates on a British common law system, is a multi-partydemocracy, and has a new president, Samia Suluhu Hassan, who is very supportive of local and international investors.

Why Nickel and Why Tanzania?

• Nickel market fundamentals are extremely robust. Accelerating

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*Refer to the Competent Person Statement at the end of this announcement and https://www.glencore.com/dam/jcr:7441d06f-2981-4f40-bd3b-93e4b074e921/GLEN-2014-Resources-Reserves-Report.pdf. The Mineral Resource Estimate is broken down into the following classifications - 13.8mT @ 2.49% Ni Measured, 23.4mT @ 2.72% Ni% Indicated, & 21mT @ 2.6% Ni Inferred. **Refer to ASX Announcement "PROPOSED NICKEL PROJECT ACQUISITION - TANZANIA" dated 9 May 2022.

Investor Update | June 2022 | ASX:RMI

The London Metals Exchange traded nickel contract has shown explosive growth in recent months

London Metals Exchange Nickel price chart over a five-year period

Capital Structure

only	Issued		Market
Capital		Capitalisation
	408,173,077		A$57 million
fully paid ordinary shares	1	at $0.14
use			(as of 17/06/22)
ersonal

1Not including the placement announced 17 May 2022 ($1.2 million at $0.12 per share) 2 Average daily volume calculated over 2022 to date (Source: Commsec IRESS)

Investor Update | June 2022 | ASX:RMI

Trading

Statistics

Average daily volume2

2.1 million

Shareholder

Distribution

• Top 20 hold over 69% of issued capital
• Executive Chairman holds over 14% of issued capital through Kabunga Holdings