Announcement PDF BLUE LAGOON ZIRCONIUM, NIOBIUM AND RARE EARTH PROJECT IN GREENLAND DALAROO METALS LIMITED (ASX:DAL) INVESTOR PRESENTATION | FEBRUARY 2025 Dalaroo Metals Limited (ASX:DAL) IMAGE: SOUTH GREENLAND | Investor Presentation | 1 IMPORTANT NOTICE & DISCLAIMER DISCLAIMER CAUTIONARY STATEMENT The information contained in this Presentation and all other information provided (whether in writing or otherwise) is confidential and has been prepared to assist the recipient in evaluating the business and prospects of Dalaroo Metals Ltd (”Dalaroo” or the Company). • the historical results included in this announcement have not been reported in accordance with the JORC Code 2012. They were collected, assayed and reported by the Geological Society of Greenland and Denmark (“GEUS”) from 1978-1993 regional programs, and are available publicly on their web portal; No representation, warranty or undertaking, express or implied, is made and no responsibility is accepted by Dalaroo as to the accuracy, currency or completeness of any part of this Presentation or any further information supplied by or on behalf of Dalaroo in connection with Dalaroo. • a Competent Person has not done sufficient work to disclose the historical results in accordance with the JORC Code 2012; • Information collected by the Vendor has not involved systematic sampling nor has it been able to be verified or located and on this basis the CP does not consider it reliable to report under either JORC2012 or as historical foreign mineralisation and these results have not been referenced. • it is possible that following further evaluation and/or exploration work that the confidence in the prior reported historical results may be reduced when reported under the JORC Code 2012; • nothing has come to the attention of the Company that has caused it to question the accuracy or reliability of the GEUS’s previous historical results; but • Dalaroo does not accept any responsibility to inform the recipient of any matter arising or coming to its notice which may affect any matter referred to in this Presentation. Dalaroo has not authorised any person to make any statements or representations, which are not expressly contained in this Presentation. To the maximum extent permitted by law, any liability of Dalaroo to a recipient or to any other person arising out of this Presentation is expressly disclaimed and excluded. the Company has not independently validated the GEUS’s previous historical results and therefore is not to be regarded as reporting, adopting or endorsing the historical results. The Company is planning to undertake a more comprehensive sampling and mapping program on the Project. • A Competent Person’s statement is set out below. This report may include forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning the planned exploration program and other statements that are not historical facts. When used in this report, the words "could", "plan", "estimate", "expect", "intend", "should" and similar expressions are forward-looking statements. Although Dalaroo believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. The information in this release that relate to the historical results on the Project is based on information compiled by Dalaroo Metals Ltd and reviewed by Mr Michael Brown who is a Geologist and Member of the AIG. Mr Brown has sufficient experience that is relevant to the style of mineralisation, the type of deposit under consideration and to the activities undertaken to qualify as a Competent person as defined in the 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Brown consents to the inclusion in this presentation of the matters based on this information in the form and context in which it appears. Nothing contained in this Presentation or any other written or oral communication transmitted or made available to the recipient is, or shall be relied upon as, a promise or representation and no representation or warranty is made as to the accuracy or attainability of any technical or financial information set out in this document. Recipients must make their own investigations and inquiries regarding all assumptions, risks, uncertainties and contingencies which may affect the future operations of Dalaroo. Dalaroo does not accept liability for any loss or damage suffered or incurred by the recipient or any other person however caused (including negligence) relating in any way to this Presentation, including, without limitation, the information contained in it, any errors or omissions however caused, or the recipient or any other person placing any reliance on this Presentation, its accuracy, completeness, currency or reliability. COMPETENT PERSON The statements and information contained in this report are not investment or financial product advice and are not intended to be used by persons in deciding to make an investment decision. In releasing this report, Dalaroo has not considered the objectives, financial position or requirements of any particular recipient. Accordingly, potential investors should obtain financial advice from a qualified financial advisor prior to making an investment decision. Dalaroo Metals Limited (ASX:DAL) | Investor Presentation | 2 ACQUISITION OVERVIEW Binding Heads of Agreement for Option to acquire 100% of Blue Lagoon Zr-Nb-REE Project in South Greenland (MEL 2022-07) Greenland holds third highest REE reserves in Western world with strategic importance given geopolitical dynamics and supply chain security Similar geology and historic anomalous geochemical footprint to major deposits Kvanefjeld (ASX: ETM - Energy Transition Metals),Kringlerne/ Tanbreez (NASDAQ: CRML Critical Metals Corp) and Motzfeldt (Stallion Resources) Ice-free coastal location and beach-like deposits of weathered granitic rock provides logistical and cost advantages for separating bulk tonnage Figure: Project location and historic neodymium assay results. Source: GEUS database-see Cautionary Statement (see ASX release: 20th Feb, 2025). Dalaroo Metals Limited (ASX:DAL) | Investor Presentation | 3 ACQUISITION HIGHLIGHTS High-value mineral potential: Up to 0.93% Zirconium (Zr) Exposure to high demand commodities such as REE, niobium and zirconium Exposure to a highly prospective and unexplored jurisdiction of Greenland Project located in highly Historic sampling shows prospective system similar geochemical proven to host significant footprint and geological advanced critical setting to three other REE metals-REE deposits deposits in South Greenland Recent US interest in Greenland for its critical metals and strategic location highlight growing importance No elevated radioactive elements detected (given Greenland's uranium restrictions) Potential for low-cost separation, processing and site access Up to 320 ppm Niobium (Nb) Up to 520 ppm Neodymium (Nd) Favourable terms not impacting funding of other DAL projects Dalaroo Metals Limited (ASX:DAL) | Investor Presentation | 4 PROJECT LOCATION • Highly prospective mining region: Situated in the Gadar Province of South Greenland, part of the westernmost exposure of Nunarsuit Complex • Proven Gadar Block intrusive belt: Three other multi metallic deposits within the Gadar intrusive belt 120-140km to the northwest of Blue Lagoon (Kvanefjeld, Kringlerne/Tanbreez and Motzfeldt) • Favourable mineralisation conditions: Helene granite unit exposure, alkaline syenite boundaries, significant colluvial and alluvial material and beach and scree slope formations • Strategic location: Ice-free coastal access, extended exploration season (May to September) and excellent infrastructure potential REE Deposit Figure: SW Greenland Geology and mineral deposits and occurrences. Blue Lagoon association with Gadar Block alkaline intrusives with a similar setting to other major multi-metallic deposits. Modified from Steenfelt et al 2016 Dalaroo Metals Limited (ASX:DAL) | Investor Presentation | 5 HISTORICAL EXPLORATION RESULTS • Historical sampling by GEUS (1978-1993) showed significant results: • • • • • Table: Blue Lagoon Project exploration results with samples taken within MEL 2022-07 as part of GEUS regional stream sediment program. Source: GEUS web portal. see Cautionary Statement (see ASX release: 20th Feb, 2025). REE Light Rare Earth Elements (LREE) enrichment High Neodymium values up to 520 ppm • Strong Zirconium anomalies up to 9,360 ppm • Notable Niobium presence up to 326 ppm Similar geochemical signature to three other major REE deposits in region LREE La Ce Nd HREE Sm Eu Tb Yb Lu Th U Nb Zr Sample_ID (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) 281028 270 410 200 35 2.8 4.7 14 1.3 21 5.6 129 2059 281030 600 870 360 65 4.7 11 39 5 51 18 294 1063 281031 590 990 410 65 4.2 11 31 3 61 14 279 5054 281032 220 290 160 28 2.7 4.4 18 2.4 22 7.1 193 3773 282850 710 1300 520 79 12 12 60 5.2 88 14 326 9360 282851 550 870 390 66 5 9.7 39 4.2 45 11 13 246 118 3520 Low uranium and thorium levels - advantageous for development 282852 282853 780 1800 500 80 5.9 11 44 4.7 64 10 126 3286 Dalaroo intends to validate the GEUS sampling through more extensive geochemical program to comply and report against with JORC Code 2012 282854 660 1400 500 75 9.9 11 49 5.3 73 18 200 7240 Analysis type INAA INAA INAA INAA INAA INAA INAA INAA INAA INAA XCD XCD INAA=Instrumental Nuclear Activation Analysis, XCD=Xray Crystal Diffraction Dalaroo Metals Limited (ASX:DAL) | Investor Presentation | 6 POTENTIAL LOW-COST PROCESSING Colluvial and alluvial deposits (loose sediments) are typically much easier and cheaper to mine than hard rock deposits as the material is already broken down naturally Figure: Colluvial and alluvial weathering accumulations from granitic country rock surrounding Blue Lake. Source: Vendor Figure: Coarse crystal rich 'beach' at Blue Lake. Source: Vendor. Dalaroo Metals Limited (ASX:DAL) | Investor Presentation | 7 PROMISING GEOCHEMICAL DISTRIBUTION OVER BLUE LAGOON Figure: Contour maps of regional geochemical distribution for neodymium (Nd) and terbium (Tb) and zirconium (Zr) and niobium (Nb) showing similar or higher elevated responses over Gadar alkaline intrusives and location of the Blue Lagoon project (MEL 22002-07). Source: GEUS web portal. Dalaroo Metals Limited (ASX:DAL) | Investor Presentation | 8 INDICATIVE NEWS FLOW Exploration season: May to September Focus on alluvial and colluvial deposits around Blue Lake Characterise geochemistry and mineralogy for REE Volume assessment as a potential bulk tonnage deposit No hard rock mining means heavy mineral separation is simple with significant cost advantages Extending exploration with reconnaissance mapping and sampling Fully funded from existing working capital with no impact on existing Dalaroo projects Dalaroo Metals Limited (ASX:DAL) | Investor Presentation | 9 RATIONALE WITH OUR PORTFOLIO Targeting precious metal, base and critical metals that are forecast to have increasing demand and supply security issues. Lyons River Namban Blue Lagoon Targets Au, base metals, Li Cu-Ni-PGE-Au Zr-Nb-REE Location WA, Australia WA, Australia Greenland Status Diamond drilling confirms Broken Hill Type Lead-Zinc prospectivity at Browns Prospect Two gold prospects identified, one drilled 4 diamond drill holes demonstrating elevated copper, gold and silver assays up to 0.11% Cu, 0.61g/t Au and 14.5g/t Ag Option to acquire with historical sampling returning highly anomalous values. Dalaroo are currently evaluating additional complementary acquisition opportunities that it believes will create shareholder value. Dalaroo Metals Limited (ASX:DAL) | Investor Presentation | 10 TERMS OF THE ACQUISITION Key Terms Milestone Shares (subject to shareholder approval): Option fee A$50,000 Milestone Exercise price A$150,000 cash Ground Penetrating Radar Program/ First Drilling Exploration reimbursement Exploration expenditure commitment Conditions precedent Up to A$150,000 in cash or shares • A$500,000 in Year 2 • Undertaking exploration expenditure of not less than A$150,000 for due diligence period • Completing legal and ESG due diligence Obtaining all regulatory approvals or waivers to the allow the transaction to occur Maiden Mineral Resource Estimate Maiden Scoping Study Issue Price A$125,000 Equal to the lower of the 5-day VWAP A$150,000 Equal to the lower of the 5-day VWAP prior to the date of issue or A$0.05 per share A$175,000 Equal to the lower of the 5-day VWAP prior to the date of issue or A$0.10 per share A$500,000 in Year 1, inclusive of DD work expenditures • • Value Dalaroo Metals Limited (ASX:DAL) | Investor Presentation | 11 CONTACT US: Michael Brown Managing Director +61 8 6185 2004 www.dalaroometals.com.au ACN 648 476 699 Dalaroo Metals Limited (ASX:DAL) IMAGE: SOUTH GREENLAND | Investor Presentation | 12