Announcement PDF PRECIOUS MINERALS AND BASE METALS EXPLORER INVESTOR PRESENTATION April 2024 ASX: EMU FORWARD LOOKING STATEMENTS This presentation has been prepared by EMU NL. This document contains background information about EMU NL current at the date of this presentation. The presentation is in summary form and does not purport be all inclusive or complete. Recipients should conduct their own investigations and perform their own analysis in order to satisfy themselves as to the accuracy and completeness of the information, statements and opinions contained in this presentation. This presentation is for information purposes only. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. This presentation may not be distributed in any jurisdiction except in accordance with the legal requirements applicable in such jurisdiction. Recipients should inform themselves of the restrictions that apply in their own jurisdiction. A failure to do so may result in a violation of securities laws in such jurisdiction. This presentation does not constitute investment advice and has been prepared without taking into account the recipient's investment objectives, financial circumstances or particular needs and the opinions and recommendations in this presentation are not intended to represent recommendations of particular investments to particular persons. Recipients should seek professional advice when deciding if an investment is appropriate. All securities transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments. To the fullest extent permitted by law, EMU NL, its officers, employees, agents and advisers do not make any representation or warranty, express or implied, as to the currency, accuracy, reliability or completeness of any information, statements, opinions, estimates, forecasts or other representations contained in this presentation. No responsibility for any errors or omissions from this presentation arising out of negligence or otherwise is accepted. This presentation may include forward-looking statements. Forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions which are outside the control of EMU NL. Actual values, results or events may be materially different to those expressed or implied in this presentation. Given these uncertainties, recipients are cautioned not to place reliance on forward looking statements. Any forward-looking statements in this presentation speak only at the date of issue of this presentation. Subject to any continuing obligations under applicable law and the ASX Listing Rules, EMU NL does not undertake any obligation to update or revise any information or any of the forward-looking statements in this presentation or any changes in events, conditions or circumstances on which any such forward looking statement is based. emunl.com.au 2 COMPETENT PERSONS STATEMENT Competent Person Disclosure The information in this disclosure relates to the exploration activities undertaken by EMU NL conducted over its exploration tenements in Australia. All information in this presentation has previously been recorded in the public domain. EMU NL is not aware of any new information or data that materially affects the information included in the original market announcements. The information in this presentation is based on, and fairly represents information and supporting documentation compiled by Mr Kurtis Dunstone, a Competent Person who is a full-time employee of EMU NL. Mr Dunstone is a member of the Australian Institute of Geoscientists and has sufficient experience in the activities in which he undertakes to quality 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 Dunstone consents to the inclusion herein of the matters based upon his information in the form and context in which it appears, and the Company confirms the form and context in which the Competent Persons findings are presented, have not been materially modified from the relevant original market announcements. Authorisation This presentation has been authorized for release by Chief Executive Officer INVESTMENT HIGHLIGHTS WHY EMU? • Fiery Creek Cu Mo system potentially emerging as a significant Australian porphry discovery • Substantial gold mineralisation at multiple locations throughout Georgetown Project with strong newsflow expected from field work to commence in late April 2024 • Extensive base metals and previous mineral endownment at Georgetown with the potential to deliver a number of economic possibilities • Expanding high grade gold and tungsten resources open for extension at Badja Project • Highly experienced discovery team with decades of successful project delivery • EMU debt free, market capitisation of only $2.0m with a potential world class asset emunl.com.au Compelling Investment Opportunity 4 CORPORATE SNAPSHOT SHARE CAPITAL POST CONSOLIDATION* FULLY PAID SHARES (LISTED) 67,492,376 Including 620k which EMU can buy back for nil consideration. CONTRIBUTING SHARES (LISTED) 1,349,502 OPTIONS (UNLISTED) 5,748,454 options to acquire fully paid shares exercisable at $0.30 each, on or before 7/10/2024. 10,579,167 options to acquire fully paid shares exercisable at $0.09 by 31/12/2026 CONTRIBUTING SHARES (UNLISTED) 1,166,667 contributing shares paid to $0.90, $1.20 to pay on call, no call before 31/12/2025 Paid to $0.90, $0.90 to pay MARKET CAPITALISATION $2.025 Million PERFORMANCE RIGHTS 1,619,048 performance rights which convert into 1,619,048 fully paid ordinary shares upon EMU announcing JORC Resource/Reserve conditions at Gnows Nest Gold Project as of 11 April 2024 * Effective date of consolidation 22 April 2024 emunl.com.au 5 OUR BOARD PETER THOMAS NON-EXECUTIVE CHAIRMAN TERRY STREETER NON-EXECUTIVE DIRECTOR GAVIN RUTHERFORD NON-EXECUTIVE DIRECTOR TIM STAERMOSE NON-EXECUTIVE DIRECTOR Mr Thomas is a high energy, pragmatic corporate engineer with astute commercial acumen and business expertise. Mr Thomas is Chairman of Middle Island Resources and a Past Chairman of Image Resources and Sandfire Resources. Mr Streeter has extensive experience in funding, listing and overseeing junior explorers in all exploration and economic cycles and has served in various roles in the nickel sulphide industry for over 30 years including Jubilee Mines and Western Areas Limited. Following a successful background in Agribusiness on both domestic and international stages, Mr Rutherford has spent over 20 years in the Mining Services / Fabrication / Contracting sector. Mr Staermose has 26 years equity capital markets and equity research experience. He worked at international sell-side equity brokerage firms in South Korea and Hong Kong. Now on the buy side, he is the Founder and investment manager for African Lions Fund Ltd, based in Tanzania. emunl.com.au 6 EXPLORATION PROJECTS GEORGETOWN PROJECT SUBSTANTIAL SCALE MINERAL ENDOWMENT, FARM IN FOR 80% INTEREST • 3 exploration permits covering 850km2 in the Georgetown mining district, • A substantial mineral endowment identified within Georgetown mining district with more than 1,000 mines, prospects and identified mineral occurrences. • Significant historical gold production • Little systematic modern exploration • A prospective host region for critical minerals • Prospective for gold, lithium, silver, lead, zinc, copper, tin, tantalum, niobium, uranium, fluorine and molybdenite. • Silver-lead targets identified at Snake Creek and Munitions Creek prospects with historic zinc targets. • Confirmed copper silver targets at Fiery Creek defined by large circular magnetic anomaly with associated outcropping copper, silver veining. • Fiery Creek is interpreted to represent a potentially shallow constrained porphyry Cu Mo system. If it replicates successful global discoveries, EMU is targeting 100’s of millions of tonnes of bulk mineable copper and other metals. emunl.com.au GEORGETOWN 7 EXPLORATION PROJECTS GEORGETOWN PROJECT FIELD SURVEYS CONFIRM SUBSTANTIAL MINERALISATION  18% copper (180,100ppm) and up to 6.4 ounces silver (200 g/t) from rock samples in broad quartz breccia hosted veins at Fiery Creek  Extensive 750m x 750m intrusive related, north-south striking, outcropping copper veining up to 2m wide identified from initial field mapping  Veining displays extensive secondary copper mineralisation at surface  Multi element assay results indicate the possibility of a significant copper dominant, polymetallic system with pathfinder element anomalism widespread  Significant historic gold results from Turtle Arm and Camp Oven Creek prospect areas.  Rock chip samples report up to 35.4 ounces per tonne (1,100 g/t) silver and 26% (261,000ppm) lead from Snake Creek prospect • Extensive pegmatite veining up to 50m wide and striking approximately 2km observed in Fiery Creek and Snake Creek tenements *ASX Release “Copper Silver Lead Assay Results Pegmatite Fields Georgetown” 5 October 2023 GEORGETOWN emunl.com.au 8 EXPLORATION PROJECTS GEORGETOWN PROJECT SIGNIFICANT GOLD PROSPECTIVITY  Camp Oven Creek historic surface rock assay results ranging from 12.9 up to 224 g/t gold and 24 to 135 g/t silver  15.4 g/t gold assay results from rock samples at Dagworth prospect  15 historic rock values greater than 31.1 g/t gold (> 1 Ounce) identified from zones in the Camp Oven Creek, 130 Quartz Vein and Quartz 250 Prospects  Three historic rock samples in the Quartz 130 prospect with values ranging from 51 g/t gold to 73 g/t gold.  Historic drilling intersects at Rhyolite Breccia/Turtle Arm returned values of 2m at 15.8g/t Au and 3m at 2.8g/t Au.  86 historic rock samples greater than 1 g/t gold with a weighted average of 17.3 g/t within Georgetown EPM 27667 - NW Camp Oven Creek/Turtle Arm quadrant.  Rock samples from recent EMU field work returned 36.1 g/t gold and 25.6 g/t gold respectively from the Sandy Creek prospect just south of Georgetown.  Limited historic drilling at Munitions Creek (EPM 27642) intersected values over 4m at 2.73/t Au and 1m at 10.85g/t Au. GEORGETOWN * ASX Release “EMU Records Gold Assays to 36.1 g/t at Georgetown QLD” 7 December 2023 emunl.com.au 9 EXPLORATION PROJECTS BADJA PROJECT– GOLD, TUNGSTEN, LITHIUM HIGH GRADE HISTORIC GOLD MINE , Tungsten and Lithium discoveries • Gold orebodies at Gnows Nest, Monte Cristo, Flying Emu, Watertank Hill • High grade tungsten discovery at Monte Cristo Prospect • Spodumene discovery September 2023 • • • • • • • • Gnows Nest Gold Mine recorded historic production of ~27,925oz at a recovered grade of 22g/t Au between 1923 and 1941. Mine closed due water ingress and labour shortages 28km of RC and Aircore drilling by EMU since September 2020 Estimated 40,000oz JORC 2012 resource estimate completed Shallow Mineral Resource open to depth and along strike with significant depth potential Extensive exploration upside potential along 9km of gold bearing structure Located within same greenstone belt hosting the world-class Golden Grove copperzinc mine Significant high grade tungsten discovery at Monte Cristo with conceptual modelling of granitic source requiring evaluation Spodumene discovered recently following up on Li pathfinders in soils highlighting significant prospectivity for project wide lithium mineralisation emunl.com.au BADJA GOLD TUNGSTEN LITHIUM WA 10 EXPLORATION PROJECTS BADJA PROJECT - GNOWS NEST GOLD PROSPECT Gold Assay results at Gnows Nest from Emu drilling programmes* • • • • • • • • • • • 4m at 20.40g/t gold from 51m including; • 1m at 57.41g/t gold from 52m and • 1m at 16.86g/t gold from 54m 4m at 18.32g/t gold from 95m including; • 1m at 17.53g/t gold from 95m; and • 1m at 51.66g/t gold from 96m 3m at 42.18g/t gold from 77m including; • 1m at 89.57g/t gold from 78m; and • 1m at 32.64g/t gold from 79m 2m at 26.88g/t gold from 60m including: • 1m at 53.05g/t gold from 60m 6m at 6.42g/t gold from 116m including; • 1m at 30.19g/t gold from 118m; and 1m at 47.12g/t gold from 63m 7m at 10.12g/t gold from 131m including**; • 1m at 40.38g/t gold from 131m and 2m at 12.62g/t gold from 121m including; • 1m at 18.57g/t gold from 121m and 2m at 11.43g/t gold from 208m including; • 1m at 17.53g/t gold from 208m; and 1m at 6.83g/t gold from 144m; and 1m at 5.11g/t gold from 53m *See ASX Release 22 February 2021” EMU’s Maiden Drilling Programme Confirms High Grade Gold” *See ASX Release 28 September 2021” Significant High-Grade Gold Intersected at Depth, Gnows Nest” ** See ASX Release 18 May 2022” Further High-grade Gold and Significant Gold Discovery” emunl.com.au GNOWS NEST GOLD - BADJA PROJECT 11 EXPLORATION PROJECTS BADJA PROJECT - MONTE CRISTO PROSPECT High grade veining - shear related gold and tungsten The structure has a strike length of ~6km with numerous historic gold workings, an additional parallel structure of 3km has been identified as the “thrust faulted” continuation on the eastern margin Gold Assay results from Emu drilling programmes* • • • • • • • • 4m at 9.74g/t gold from 32m (composite sample); 4m at 3.02g/t gold from 100m (composite sample); 7m at 2.18g/t gold from 173m including; • 1m at 4.09g/t gold from 173m, and • 1m at 2.30g/t gold from 175m 3m at 2.73g/t gold from 124m including; • 1m at 3.86g/t gold from 124m, and • 1m at 4.09g/t gold from 125m; 3m at 2.51g/t gold from 126m including; • 1m at 4.28g/t gold from 126m. 3m at 13.35g/t gold from 67m including; • 1m at 19.90g/t gold from 68m 6m at 6.51g/t gold from 120m including; • 1m at 22.77g/t gold from 121m 4m at 3.29g/t gold from 120m including; • 1m at 5.97g/t gold from 121m *See ASX Release 25 October 2021” Drilling Update Badja Project” *See ASX Release 22 February 2021” EMU’s Maiden Drilling Programme Confirms High Grade Gold” emunl.com.au MONTE CRISTO – BADJA PROJECT 12 EXPLORATION PROJECTS BADJA PROJECT - FLYING EMU, WATERTANK HILL PROSPECTS Prospects located along same structure as Monte Cristo High grade veining - shear related gold and tungsten Gold Assay results from Emu drilling programmes* The maiden drilling programme at Watertank Hill discovered high grade gold: • 2m at 9.94g/t gold from 51m including; • 1m at 19.35g/t gold from 51m • 2m at 3.77g/t gold from 51m including; • 1m at 6.01g/t gold from 52m • 6m at 1.12/t gold from 29m including; • 1m at 2.30g/t gold from 32m. The maiden drill programme at Flying Emu Prospect returned the following gold intercepts** • 9m at 3.44g/t gold from 39m including; • 2m at 10.14g/t gold from 39m TUNGSTEN Significant high grade tungsten values which are associated with gold mineralisation at the Monte Cristo prospect include:*** • 12m at 0.12% WO3 from 58m (21MC001) including; • 1m at 0.64% WO3 from 59m • 6m at 0.18% WO3 from 58m (21MC002) including; • 1m at 0.44% WO3 from 59m • 4m at 0.14% WO3 from 28m (21MC003): composite sample *See ASX Release 25 October 2021 “Drilling Update Badja Project” **See ASX Release 18 May 2022 “Further High-grade Gold and Significant Gold Discovery “ *** See ASX Release 9 February 2022 “Significant Tungsten Values at Monte Cristo Gold Prospect” emunl.com.au FLYING EMU, WATERTANK HILL – BADJA PROJECT 13 EXPLORATION PROJECTS SUNFIRE PROJECT SUNFIRE - COPPER, NICKEL SULPHIDE TARGET • • • • • • • • • • • 250km SSW of Perth, 12km south of Bridgetown and 20km north of Manjimup WA Adjoins Venture Minerals Limited’s South West Project in which Chalice Gold Mines Limited has committed to spend up to $3.7M to earn a 70% interest in a “Julimar lookalike” target. Sunfire was identified in the 1970’s as a target for Nickel Sulphides Historic work includes: • -Extensive soil sampling over the central anomaly • -Drilling (diamond and percussion) • -IP surveys Copper detected in soil on the project with values between 0.2% and 0.5% Cu* Copper trend in soils remains open along strike Highly anomalous (100x background Cu-value) is of great interest EMU targeting 3 distinct trends for follow up exploration Enviromental surveys completed Conservation Management Plan completed for soils and geophysical activities EMU awaits confirmation from authorities on whether access for drilling will be approved within the State Forrest areas. Requests lodged November 2022 and as yet no response has been received . See ASX Announcement 28 September 2020 “Emu Secures Highly Prospective Exploration Portfolio in WA” emunl.com.au SUNFIRE NI-CU PROJECT 14 EXPLORATION PROJECTS ACTIVITIES AND NEWSFLOW EMU IS A HIGHLY ACTIVE EXPLORER SUBSTANTIAL NEWSFLOW CONTINUES... Farm in JV for the 850 km2 Georgetown project QLD. More than 1,000 mineral occurrences recorded – no modern exploration identified for decades Intrusion related high grade Gold and Tungsten discoveries at Badja from 28km of drilling. LCT pegmatite, lithium fertility confirmed Sunfire Project historic Ni in drilling. Highly anomalous Cu in soils Georgetown Project identified as offering significant Gold, Copper and base metals scale Successful drilling programmes at Badja result in JORC 2012 Resource ~40koz au. All prospects open for extensions and resources upgrades Experienced management and proven discovery team EMU dispatching teams to Georgetown during April/May 2024 – update gold and Cu porphyry system Fiery Creek Portfolio of diversified projects, Gold, Copper, Nickel, PGE’s, battery and critical minerals Australian based explorer with standout portfolio of exploration projects emunl.com.au NEWSFLOW 15 EMU Investor Hub Signup DOUG GREWAR CEO doug@emunl.com.au EMU NL 10 Walker Avenue West Perth WA 6005 +61 (0)419 833604 www.emunl.com.au Investorhub.emunl.com.au ASX:EMU ASX:EMUCA