Xtract Resources : Shareholder Presentation

Shareholder Presentation

14 October 2021

An Important Disclosure

The information contained in this document, including any information and opinions contained or discussed in any accompanying oral presentation, question and answer session and any other materials distributed in connection with this document (the 'Presentation') has been prepared The Document and the Information have been prepared by or on behalf of, and is the sole responsibility of, the Company. This Presentation and its contents are private and confidential. It is intended solely for the exclusive use of the person or persons to whom it is addressed and must not be copied, reproduced or distributed in whole or in part or disclosed by recipients to any other person, nor may the contents be distributed in written or oral form to any other person, for any purpose without the prior written consent of the Company.

This Presentation does not constitute, or form part of, an admission document, listing particulars, a prospectus, a circular or any other documents relating to the Company, nor does it constitute, or form part of any offer or invitation to sell, issue, underwrite or acquire, or any solicitation of any offer to purchase or subscribe for, any shares or other securities in the Company, nor shall it or any part of it, or the fact of its distribution, form the basis of, or be relied upon in connection with, or act as any inducement to enter into, any contract. No reliance may be placed for any purposes whatsoever on the information contained in the Presentation or any assumptions made to it as to its completeness or fairness. No representation, warranty or undertaking (whether express or implied) is made to the fairness, accuracy or completeness of the information or opinions in the Presentation by or on behalf of the Company and (to the fullest extent permitted by law), no liability or responsibility is accepted by the Company persons for (i) the accuracy, fairness or responsibility of any such information or opinion; and (ii) the use of the Presentation by recipients. The information contained in the Presentation is for background purposes only and is subject to amendment, revision and updating without notice. The Company (including, without limitation, its officers, directors, employees, partners, agents, representatives, members, affiliates and advisors) nor any other party is under any duty to update or inform you of any change to such information.

This Presentation contains forward looking statements. These statements relate to the future prospects, developments and business strategies of the Company. Forward-looking statements are identified by the use of such terms as 'believe', 'could' 'envisage', 'estimate', potential', 'intend', 'may', 'plan', 'will' or the negative of those, variations or comparable expressions, including references to assumptions. The forward- looking statements contained in the Presentation are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by those statements. If one or more of these risks or uncertainties materialises, or if underlying assumptions prove incorrect, the Company's actual results may vary materially from those expected, estimated or projected. Given these risks and uncertainties, potential investors should not place reliance on forward-looking statements. The forward- looking statements speak only as at the date of the Presentation.

You should be aware that any investment in the equity of the Company is subject to a number of risks, particularly as the Company is in an early stage of development and operates in an emerging market, and this could therefore effect the value of any investment in the equity of the Company and may lead to a loss of your entire investment.

Company Portfolio

• Extending the signature of major world class porphyry discovery in New South Wales Australia
• Operating small scale alluvial and primary gold deposits in the Manica province
• Exploring and developing small mine copper projects in Zambia

Copper

• Copper is the 3rd best conductor of electricity and heat
• Energy efficiency could lead to a 40% reduction in CO2 emissions
• Solar and wind require 4 to 12 times more copper per kw
• Electric vehicles use up to 4x as much copper as conventional vehicles and are expected to grow to 72% of the market by 2040
• Key role in cleaner & greener cities
• • Antofagasta 2020 Annual Report

Electric Vehicles Require 3-4x increase in copper use from a conventional combustion engine

By 2027 copper demand stemming from electric vehicles is expected to increase by 1.7 million tonnes (BHP)

The average person uses over half a tonne of copper in their lifetime (Anglo American)

Global population growth almost reaching 8 billion