Kopore Metals : Agadez Project acquisition and Company update presentation

ASX:KMT

ersonal use only

Agadez Project Acquisition and Company Update

May 2022

Legal Information

Summary Information

This presentation (Presentation) has been prepared and authorised for release by the Managing Director of Kopore Metals Limited (Kopore or the Company). This Presentation provides a summary on Kopore, its subsidiaries and its Niger, Botswana and Australian projects, which is current as at the date of this Presentation. The information in this Presentation is of a general nature and does not purport to be complete nor does it contain all the information which a prospective investor may require in evaluating a possible investment in Kopore. This Presentation should be read in conjunction with Kopore's other periodic and continuous disclosure announcements which are available at onlywww.asx.com.au. This Presentation does not constitute financial product or investment advice or an offer, invitation or recommendation to acquire securities in Kopore. The information in this Presentation does not take into account the investment objectives, financial situation or particular needs of any recipient. Before making an investment decision, each recipient of this Presentation should make their own independent evaluation of an investment in the Company

and consult with their own legal, tax, business and/or financial advisers in connection with any acquisition of securities or interest in Kopore.

Disclaimer

This Presentation does not constitute an offer, invitation or recommendation to subscribe for, or purchase any security or interest in Kopore. Kopore makes no representation or warranty, express or implied, as to the accuracy, adequacy, completeness or reliability of any statements, representations, estimates or opinions or other information contained in this Presentation. To the maximum extent permitted by law, each of Kopore and its subsidiaries, and their respective directors, officers, employees, contractors, agents and advisers shall have no liability, including liability to any person by reason of negligence or negligent misstatement, for any statements, opinions, information or matters, express or implied, arising out of, contained in or derived from, or for any omissions from this Presentation and they do not accept any liability for any loss or damage which may be suffered by a person through the use or reliance on any statement made in, or omitted from, this Presentation.

Information regarding the exploration results for the Niger project is based on data compiled from company announcements to the ASX by the previous owners of the project, NGM Resources Limited (NGM) as well as the most recent announcement made by the company on 11th April 2022 regarding previously unreported Paladin drilling results and 30th May 2022 regarding the Mineral Resource estimate for Takardeit. In particular the announcements made by NGM on 5th June 2008, 25th May 2009, 23rd July 2009, 4th August 2009, 6th November 2009, 15th December 2009, 31st March 2010, 5th May 2010, 27th May 2010 and 15th July 2010. Based on the reporting by both NGM and Paladin, the Company believes that there has been no material change to the drilling results previously announced to the ASX and that there is no additional information available regarding the project that has not been previously announced to the

useASX.

Forward Looking statements

This Presentation contains forward looking statements that are based on the Company's beliefs, expectations, estimates and projections as of the date on which the statements were made and no obligation is assumed by Kopore to update forward looking statements if these beliefs, expectations, estimates and projections should change or to reflect other future developments. Forward looking statements can generally be identified by the use of words such as 'outlook', 'anticipate', 'project', 'target', 'potential', 'likely', 'believe', 'estimate', 'expect', 'intend', 'may', 'would', 'could', 'should', 'scheduled', 'will', 'plan', 'forecast', 'evolve' and other similar expressions. Any forward looking statements, including projections, guidance on future revenues, earnings and estimates, are provided as a general guide only and should not be relied upon as an indication or guarantee of the future performance of Kopore. Forward looking statements are inherently subject to business, economic, competitive, political and social uncertainties and contingencies and involve known and unknown risks, and other factors that may cause Kopore's actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward looking statements.

Competent Persons Statement

The information in this presentation that relates to Exploration Results and Mineral Resources for the Niger project is based on information compiled by Mr David Princep, who is an independent consultant of the Company. Mr Princep confirms that the information in this presentation is an accurate representation of the available data and studies of the Takardeit Project. Mr Princep is a Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM) and a ersonalChartered Professional Geologist and has sufficient experience of relevance to the styles of mineralisation and the types of deposits under consideration, and activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. The Company confirms that it is not aware of any new information or data that materially ffects the Exploration Results or Mineral Resources information included in the original announcements and all material assumptions and technical parameters underpinning the estimates in the original announcement continue to apply

nd have not materially changed. The Company confirms that the form and context in which the applicable Competent Persons' findings are presented have not been materially modified from the original announcements.

The information in this presentation that relates to Geophysical Exploration Results for the Botswana and Australian projects is based on information compiled by Mr Grant Ferguson, who was a non-executive Director of the Company, shareholder and consultant of the Company. Mr Ferguson is a fellow of the Australian Institute of Geoscientists (AIG) and a fellow of the Australian Institute of Mining and Metallurgy (AusIMM) and has sufficient experience of relevance to the styles of mineralisation and the types of deposits under consideration, and activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. The Company confirms that it is not aware of any new information or data that materially affects the Exploration Results information included in the original announcements and all material assumptions and technical parameters underpinning the estimates in the original announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the applicable Competent Persons' findings are presented have not been materially modified from the original announcements.

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Uranium & Copper

Critical Components for a Green Future

only	Kopore has a diversified portfolio
with direct exposure to key clean
	energy minerals
use	Agadez Project
Acquisition Completed
	Tim Mersoi Basin
ersonal	Niger (U3O8)
Ghanzi West Project
	Kalahari Copper Belt
	Botswana (Cu)

Horseshoe West Project

Bryah Basin

Western Australia (Cu/Au)

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Positioned for Significant Growth

In Clean Energy Elements

ersonal use only

Transformed Company Focus

Diversified asset base containing minerals (uranium and copper) critical for a clean energy future

Strengthened Leadership Team

New highly experienced MD, Chairman and Non-Executive Director, brings diverse and relevant experience in the uranium and copper industry to guide Kopore

Transformative Acquisition of Highly Prospective Uranium Tenements in Niger

Completed the 100% acquisition of the underexplored Agadez Project in the uranium rich Tim Mersoi Basin complemented with recently acquired historical information guiding exploration

Takardeit Mineral Resource Estimate Updated to JORC(2012)

10.7 million pounds of contained eU3O8 at 295ppm (150ppm cut-off grade) from surface to 30m depth, in a significantly underexplored tenement package1

Near Term Geology Workplan for Copper and Uranium Assets

Disciplined, systematic and targeted approach to exploration at Kopore's three projects (Agadez, Ghanzi West and Horseshoe West) - backed by an experienced technical team

		1. Refer to ASX Announcement on 30 May 2022
Attractive	 Early-stage explorer with significant upside potential
Investment	 Assets are located in geologically proven and mining friendly jurisdictions
Opportunity	 Commencement of new uranium super cycle	4

Corporate Snapshot

Capital Structure

ASX: KMT

Management and Board

ASX Code

James Eggins

Non-Executive Chairman

Share Price (A$/share)(1)

0.036

Caroline Keats

Managing Director

Shares on Issue (M)(2)

835.4

Quinton de Klerk

Non-Executive Director

Market Capitalisation (A$M)(1)

30.0

only

(4)

Recent Activity

Cash (A$M)(3)

2.4

Options / Perf. Shares (M)

182.5

May-22

Agadez Uranium Project Mineral Resource updated to JORC 2012

use

KMT Share Price Performance (LTM)

May-22

Exploration Program to Commence at Agadez Project

Volume (M)

May-22

Completed 100% acquisition of the Agadez Project

Share Price (A$)

0.06

16

Apr-22

Review of Historic Data Confirms Prospectivity of Agadez Project in

the Uranium Rich Tim Mersoi Basin

0.05

12

Mar-22

Kopore Acquires Agadez Project historical mining information

0.04

Mar-22

Shareholder support for acquisition of Agadez Project

ersonal

0.03

8

Feb-22

Expenditure milestone met for Horseshoe West JV

0.02

4

Jan-22

Appointed Quinton de Klerk as Non-Executive Director

0.01

Dec-21

Announced 100% acquisition of Agadez Project (Niger) and

successful $1.2m placement to fund acquisition

-

0

Nov-21

Appointed James Eggins as Non-Executive Chairman

May-21

Jul-21

Sep-21

Nov-21

Jan-22

Mar-22

May-22

Volume (shr)

Close ($A/shr)

Notes:

Oct-21

Appointed Caroline Keats as Managing Director

(1) As at close 30 May 2022; (2) On an undiluted basis; (3) As at 26 April 2022. (4) Consists of 102.5M options and 80M performance shares.

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