Tribeca Global Natural Resources : Investor Update Presentation

1 March 2022

onlyASX Market Announcements ASX Limited

20 Bridge Street Sydney NSW 2000

BY ELECTRONIC LODGEMENT

useInvestor Update Presentation February 2022

Please find attached Investor Update Presentation.

The information contained in this document has been prepared for use in conjunction with a verbal presentation and should be read in that context.

personalVideo link to Investor Update Presentation February 2022

For any enquiries please contact TGF at [e-mail] by calling [phone]. Authorised for release by the Board of Tribeca Global Natural Resources Limited.

Ken Liu

Company Secretary

Tribeca Global Natural Resources Limited

For

Sydney	Singapore	Web: www.tribecaip.com/lic
Level 23, 1 O'Connell Street	Level 16, Singapore Land Tower	Email: [e-mail]
Sydney NSW 2000 Australia	50 Raffles Place, Singapore 048623	ABN: 16 627 596 418
T [phone]	T [phone]

ersonal use only

Tribeca Global Natural

Resources Limited

(ASX:TGF)

"Time to Add"

Ben Cleary, Portfolio Manager Todd Warren, Head of Research

February 2022

Private And Confidential. Not For Public Distribution

February 2022

Disclaimer

This presentation has been prepared for Tribeca Global Natural Resources Limited (ABN 16 627 596 418) ("TGF") by its investment manager, Tribeca Global Resources Pty Ltd (ABN 11 606 707 662) ("Tribeca") under AFS License 239070 (Tribeca Investment Partners Pty Ltd). The information contained in this presentation is

for information purposes only and has been prepared for use in conjunction with a verbal presentation and should be read in that context. The information contained in this presentation is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. Please note that, in

onlyproviding this presentation, Tribeca has not considered the objectives, financial position or needs of any particular recipient. Investors must not make investment

decisions on the basis of any matter contained in this presentation but must conduct your own assessment, investigations and analysis. Tribeca strongly suggests that prior to making an investment decision, investors seek financial, legal and taxation advice appropriate to your investment objectives, financial situation and circumstances.

Macro Outlook for the Natural Resources Sector

This presentation is intended for the exclusive benefit of the party to which it is presented. It may not be reproduced, disseminated, quoted or referred to, in whole or in part, without the express consent of Tribeca. 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 Tribeca, TGF, their related bodies corporate,

useshar holders or respective directors, officers, employees, agents or advisors, nor any other person accepts any liability, including, without limitation, any liability arising out of fault or negligence for any loss arising from the use of information contained in this presentation.

This presentation includes "forward looking statements". Such forward looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Tribeca, TGF and their officers, employees, agents or associates that may cause actual res lts to differ materially from those expressed or implied in such statement. Actual results, performance or achievements may vary materially from any projections and forward-looking statements and the assumptions on which those statements are based. Tribeca and TGF assume no obligation to update such information. Financial

position and performance data contained in this presentation is unaudited. Opinions expressed in this presentation may change without notice. Whilst every effort is ersonalm de to ensure the information is accurate at the time of preparation, Tribeca does not guarantee its accuracy, reliability or completeness nor does it undertake to

correct any information subsequently found to be inaccurate.

This presentation does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States. The securities of TGF have not been, and will not be, registered under the U S Securities Act of 1933 as amended (Securities Act) or the securities laws of any state or other jurisdiction of the United States, and may not be offered or sold in the United States except in compliance with the registration requirements of the Securities Act and any other applicable securities laws or pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any other applicable securities laws.

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only
Contents
1.	Corporate Update	3
use	Outlook for the Resources Sector	8
2.
3.	High Conviction Positions	28
ersonal	Strategy Features	36
4.

Corporate Update

only		Our focus remains on generating strong investment performance
	and closing the discount to NTA which as at the last closing price¹
			was $0.29 per share or $17.84m of shareholder value to be
			realised as the discount to post-tax NTA closes.
			All Members of the TGF board and portfolio management team
use		have increased their personal investments in TGF (refer latest 3Y
	filings). Ben Cleary, Portfolio Manager has become a substantial
			shareholder.
			Strong earnings momentum, cash flow generation and growing
			franking balance of TGF's long portfolio opens the possibility of a
ersonal		maiden dividend payout in the coming year.
	The outlook for the sector remains compelling and the TGF
			strategy should do particularly well should commodity prices
			remain elevated
	1. Based on price of $2.59 on 28 February 2022 and post tax NTA of $2.8834 on 31 January 2022.
4		February 2022