Announcement PDF Building a Green Tech Metal Position in the Gascoyne Investor Update August 2023 Harjinder Kehal, MD Disclaimer 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). 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. 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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 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 INVESTOR PRESENTATION 2 Building a Lithium and Rare Earths Position in the Emerging Gascoyne Province Green Metals Focus – Right Commodities, Right Location, Right Team Demand for Green Tech Metals Takes Off Extensive land position of nearly 1,200 km2 in new and emerging green metals exploration hotspots. Highly Attractive Location Clear Strategy For Value Creation Strong Leadership Largely unexplored close to road, gas pipelines and rail infrastructure. Under valued compared to peers. Multiple high quality drilling targets and significant potential to yield economic discoveries of in demand green metals. Proven track record in value creation through grassroots exploration, resource definition, project development, operations, capital raising, ESG and corporate governance. DALAROO METALS INVESTOR PRESENTATION 3 Lithium and Rare Earths Underpin Green Transition Green Tech Metals will power the renewable energy revolution A Brighter Future Increasing consumer expectations are driving the green tech revolution at a faster pace than forecast. Market Demand Expected to Rise Green tech metal prices are forecast to rise as demand increases during the transition. DALAROO METALS INVESTOR PRESENTATION Power Shifts Asia, Europe and the USA are seeking alternative supply chain sources outside of China. Rare Earth Magnets Essential components in wind turbines, electric vehicles and high tech military applications. 4 Location, Location, Location Gascoyne Green Tech Metals Hotspot: Strategic land position of 740 km2 in an emerging Rare Earth Elements (REE) and Lithium hotspot. Wheatbelt Green Tech Metals Hotspot: Extensive unexplored ground package of 437 km2 located in the mid-north wheatbelt, prospective for magmatic intrusion related Ni-Cu-PGE-Au (Platinum Group Elements) and Cu-Au deposits. DALAROO METALS INVESTOR PRESENTATION 5 Green Tech Metals Hotspot Building a significant green tech metals position 740km2 in seven granted Exploration Licences – 100% Dalaroo. Highly competitive region with significant recent REE and Li discoveries and projects under construction. At least six high priority projects that have the potential for gold, REE/Lithium and base metals, mineralisation. DALAROO METALS INVESTOR PRESENTATION 6 Success Leaves Clues Green Tech Gascoyne Rare Earths Success Pathway Yangibana REE Project in construction Yin and Sabre (Y3) REE discoveries Mick Well MW2 REE discovery • • • • Two significant Rare Earth Element (REE) anomalies outlined at View Hill and 32 Mile Well prospects in the Gascoyne region of Western Australia. REE anomalism at View Hill with peak value of 1043 ppm TREO (Total Rare Earth Oxides) and strike length of 2.2km coincides with large thorium high. REE anomalism at 32 Mile Well with a peak value of 2025 ppm TREO has a strike length of more than 3km. Follow up geochemical sampling underway to define drill targets. DALAROO METALS INVESTOR PRESENTATION 7 Success Leaves Clues Green Tech Gascoyne Lithium Success Pathway Drill out phase at Yinnetharra Spodumene pegmatites discovered • A major shear zone/corridor defined, with potential for lithium bearing pegmatites supported by three Li in soil geochemical anomalies and anomalous rock chip values of 114 ppm Li, 1638 ppm Rb, 187 ppm Nb and 183 ppm Sn. • Analyses of granitic rocks demonstrates that intrusions of the Thirty Three Supersuite are present, which confirms interpretation of Edmundian deformation, and underlines prospectivity for lithium bearing pegmatites similar to Delta Lithium’s Yinnetharra discovery in Dalaroo’s tenements. DALAROO METALS INVESTOR PRESENTATION 8 Location and Market Cap “As exploration in this hotspot intensifies draw your own conclusions about market cap and where value will be added.” Harjinder Kehal, Managing Director DALAROO METALS INVESTOR PRESENTATION 9 Hot Spot Peer Comparison Company ASX Ticker Project Name Commodity type Project Life Cycle Mkt Cap (A$m) @ 4 August 2023 Dalaroo Metals DAL Lyons River Project REE & Li Exploration 4.0 Odessa Minerals ODE Lyndon REE & Li Exploration 7.6 Voltaic Resources VSR Gascoyne Project REE & Li Exploration 15.3 Kingfisher Mining KFM Mick Well REE Exploration 16.9 Lanthanein Resources LNR Lyons REE Exploration 21.3 Augustus Minerals AUG Ti Tree REE & Li Exploration 27.9 Reach Resources RR1 Morrissey Hill Li & Nb/Ta Exploration 37.9 Minerals 260 MI6 Yinnethara REE & Li Exploration 141.6 Hastings Technology Metals HAS Yangibana REE In Construction 159.1 Dreadnought Resources DRE Mangaroon -Yin Ironstone Complex REE JORC Resource outlined 177.1 Delta Lithium DLI Yinnethara Li Discovery - drill out underway 444.2 Lynas Rare Earths LYC Mt Weld REE Production 6,055 DALAROO METALS INVESTOR PRESENTATION 10 Lyons River Multiple Prospects Green Tech Rare Earth and Lithium Focus • REE anomalism at View Hill and 32 Mile Well with a peak value of 2025 ppm TREO has a combined strike length of more than 5km. • Robust REE anomalies with 8900ppm TREO outlined at Marloo Well. Plus Gold Credits • Multiple discrete Au-bearing quartz veins discovered over 1.5km trend in a soil goechem footprint of 3km strike length. • Gold grades of up to 5.52g/t from Dalaroo sampling. DALAROO METALS INVESTOR PRESENTATION 11 Green Tech Metals in Wheatbelt Highly Prospective Location 437 km2 • Major tenement pegging activity since April 2020 and increased levels of exploration now underway in this new Ni-Cu-PGE prospective West Yilgarn Ni-Cu Province. • Ground position dominated by: Julimar discovery • Other companies active nearby include: Moora and Koojan JV Projects Yarrawindah Brook DALAROO METALS INVESTOR PRESENTATION 12 High Value Ni-Cu-PGE Two Ni-Cu-PGE prospects • 100% unexplored ground package held since 2016 prospective for magmatic intrusion related Ni-Cu-PGE “Julimar type deposits” in the Jimperding Metamorphic Terrane – West Yilgarn Ni-Cu-PGE Province in the mid-north wheat belt. • Tenements cover a strike distance of 60km, adjacent the crustal scale Darling Fault, on the western margin of the Archaean Yilgarn Craton. • Strong Ni-Cu-PGE-Au geochemical anomalism coincident with IP anomalies at Manning defined by several phases of auger geochemical sampling. DALAROO METALS INVESTOR PRESENTATION 13 Maiden Drill Testing Complete High-order Ni-Cu-PGE-Au anomalism & IP anomalies • Multiple Induced Polarisation (IP) anomalies outlined at Manning coincident with the recently defined significant Manning Cu-NiPGE geochemical anomalies. • IP anomalies with high chargeability values of up to 40 mV/V correlate with strongly anomalous Ni-Cu-PGE-Au geochemistry. • EIS $175,000 co-funded diamond drill programme completed at our Manning prospect in the emerging West Yilgarn Province Ni-Cu-PGE. • Assay results pending. DALAROO METALS INVESTOR PRESENTATION 14 Tightly held register Directors indirectly (with their shareholdings in Serena Minerals & Shenton Resources) and directly hold a total of 8.44 % in Dalaroo. Directors and management incentivised through performance rights to project outcomes. DALAROO METALS INVESTOR PRESENTATION 67.45M 13M Ordinary Shares Options (Unlisted) A$0.059 Share Price (close 4 August 2023) A$4M $0.84M nil Market Cap Cash Balance Debt (30 June 2023) (30 June 2023) Major Shareholders 15 Experienced Leadership 64.5M 13M A$0.057 A$3.68M $0.8M nil David Quinlivan Non-Executive Chairman Mining Engineer with +30 years experience, including 11 years WMC Resources, Former CEO of Sons of Gwalia, COOShares Mount Gibson Iron, President/CEO of AlacerGold Corp, Chairman Churchill Ordinary Options (Unlisted) Share Price Mining PLC and MD of Ora Banda Mining. Currently Chairman of Silverlake Resources (ASX:SLR). (close 2 August 2023) Robert Beeck Non-executive Director 30 years experience in mineral processing operations management in Australia related to nickel, diamonds, gold Cap and iron ore. Senior roles in mine operations, feasibility studies, engineering design Market Cash Balance Debt and construction of ore processing/infrastructure projects. Associate Member of the AusIMM, (30 June 2023) (30 June 2023) Master of Business Administration (UWA). Experienced in grass roots gold prospecting +15 years in Western Australia. Currently General Manager of API Management. Harjinder Kehal Managing Director John Arbuckle Company Secretary DALAROO METALS INVESTOR PRESENTATION +30 years experience in precious and base metals, industrial minerals (iron ore & coal) in Australia, Chile, India and Vietnam. Discovery of a number of gold and base deposits in WA and NT (inc. 1Moz Golden Cities, Mt Morgans gold camp, 0.6Moz Tooheys Well Au deposit). Previous corporate positions include Chief Operating Officer of AXG Mining and Executive Director/Chairman of Altera Resources. Founding shareholder/Technical Advisor to Shenton Resources WA potash and base metals projects. Currently also Managing Director of public unlisted Serena Minerals. Accountant with over 30 years’ experience in the resource industry with extensive experience in Company Secretary, Chief Financial Officer and Non-Executive Director roles in ASX listed companies. He has previously held senior financial management roles with CRA Ltd, North Ltd, Anaconda Nickel Ltd and was the Chief Financial Officer of Perilya Ltd and Mt Gibson Iron Ltd before starting his own company secretarial and corporate advisory business. 16 Why Invest In Dalaroo? Right Commodities Dalaroo is targeting critical green tech metals that are forecast to have increasing demand. Right Location Dalaroo’s projects are in well endowed mineral provinces that have the potential to host significant deposits. Right Team Dalaroo’s Board and management have extensive experience in mineral discoveries and adding value for shareholders. DALAROO METALS INVESTOR PRESENTATION 17 17 T: 08 6380 9675 M: +61 400 044 890 E: hkehal@dalaroometals.com.au Investor Update August 2023 Harjinder Kehal, MD Competent Persons Statement The information in this announcement that relates to Exploration results is based on information compiled by Dalaroo and reviewed by Mr Harjinder Kehal who is the Managing Director of the Company and is a Registered Practicing Geologist and Member of the AusIMM and AIG. Mr Kehal 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 Kehal consents to the inclusion in this announcement of the matters based on this information in the form and context in which it appears. Information contained in this Presentation The following announcements were lodged with ASX and contain information that has been referenced in this Presentation. • Pb-Zn-Ag results support BHT/SEDEX-style Prospectivity at Lyons River : 25 October 2021 • Maiden magnetic survey identifies multiple targets at Namban :15 November 2021 • Maiden RC drilling commences at Lyons River : 16 November 2021 • High-order PGE* results from initial geochemical sampling at Namban Project, WA : 7 December 2021 • Successful completion of RC drill program at Lyons River : 14 December 2021 • Two Pd-Au anomalies Cattady and Manning outlined at Namban : 27 January 2022 • BHT/SEDEX lead-zinc mineralised footprint extended at Four Corners prospect – Lyons River Project: 16 March 2022 • New gold prospect outlined at Lyons River in Gascoyne : 4 April 2022 • Namban Project Exploration Update : 11 April 2022 • Significant 7km long magnetic anomaly outlined at Watheroo, Namban Project : 20 April 2022 • Multiple Lithium anomalies – Lyons River Project in Gascoyne : 26 May 2022 • Multiple IP anomalies at Manning, Namban Project : 20 June 2022 • Maiden AC drilling commences at Browns prospect, Lyons River : 25 July 2022 • Multiple lead zinc sulphide intersections at Browns prospect : 12 September 2022 • Rare earth potential at Lyons River Project in Gascoyne : 5 October 2022 • Successful $175,000 Co-funded Drilling Grant for Namban : 21 October 2022 • High grade base metal & silver results at Browns Prospect : 15 November 2022 • Gold Anomalism 3km Strike Length at Goodbody Prospect : 28 November 2022 • AGM Presentation : 30 November 2022 • New REE & Li Prospective pegmatite districts identified : 1 December 2022 • Follow up Aircore drilling commences at Browns prospect : 6 December 2022 • Discovery of Multiple Gold Bearing Quartz Veins at Goodbody: 1 February 2023 • Pb-Zn-Ag mineralisation system continues to grow at Browns: 14 February 2023 • Ni-Cu-PGE targeted diamond drilling underway at Manning prospect: 17 February 2023 • New REE zone defined at Lyons River Gascoyne Province: 4 April 2023 • EIS grant approved for Browns prospect at Lyons River: 26 April 2023 • New REE Carbonatite Targets Outlined at Lyons River: 24 May 2023 • Heavy Rare Earths and Li Potential Expanded at Lyons River: 2 August 2023 The Company confirms that it is not aware of any new information or data that materially affects the information previously reported. 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