Announcement PDF INVESTOR PRESENTATION AGM NOVEMBER 2023 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 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 4 EXPLORATION PROJECTS GEORGETOWN PROJECT SUBSTANTIAL SCALE MINERAL ENDOWEMENT, FARM IN FOR 80% INTEREST • 3 exploration permits covering 850km2 in the Georgetown mining district, • A substantial mineral endowment 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 required for electric vehicles and electrification infrastructure. • Prospective for gold, lithium, silver, lead, zinc, copper, tin, tantalum, niobium, uranium, fluorine and molybdenite. • Silver-lead targets identified at Snake Creek and at the 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. emunl.com.au GEORGETOWN 5 EXPLORATION PROJECTS GEORGETOWN PROJECT INITIAL FIELD SURVEY CONFIRMS SUBSTANTIAL MINERALISATION* • 18% copper (180,100ppm) and up to 6.4 ounces silver (200 g/t) from assays of 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 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 throughout the sampled area • EMU to determine a further ~2km strike of the copper-silver mineralisation extending to the south • 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 area • 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 emunl.com.au GEORGETOWN 6 EXPLORATION PROJECTS REE PROJECTS - WESTERN AUSTRALIA EXCEPTIONAL LOCATIONS, 100% OWNED PROJECTS • • • • • 2,500km2 REE TENEMENTS 100% EMU OWNED CLAY HOSTED DESIRABLE, HIGH MAGNETIC AND HEAVY REE RATIOS to TREO LOW RADIATION ELEMENTS SUPPORT INFRASTRUCTURE IN PLACE LAND OWNERS, COMMUNITIES ENGAGED – BROADACRE FARMING SUCCESSFUL REE NEIGHBOURS • • • • CONDINGUP REE VIPER REE GRACELAND REE MERREDIN REE (under applic) • • • emunl.com.au ESPERANCE WA JERRAMUNGUP WA LAKE GRACE/HYDEN WA MERREDIN WA STRATEGIC WA LOCATIONS 7 EXPLORATION PROJECTS REE PROJECTS - WESTERN AUSTRALIA EXCEPTIONAL LOCATIONS, 100% OWNED PROJECTS • • • • • 2,500km2 REE TENEMENTS 100% EMU OWNED CLAY HOSTED DESIRABLE, HIGH MAGNETIC AND HEAVY REE RATIOS to TREO LOW RADIATION ELEMENTS SUPPORT INFRASTRUCTURE IN PLACE LAND OWNERS, COMMUNITIES ENGAGED – BROADACRE FARMING SUCCESSFUL REE NEIGHBOURS • • • • CONDINGUP REE VIPER REE GRACELAND REE MERREDIN REE (under applic) • • • emunl.com.au ESPERANCE WA JERRAMUNGUP WA LAKE GRACE/HYDEN WA MERREDIN WA STRATEGIC WA LOCATIONS 8 EXPLORATION PROJECTS CLAY HOSTED REE MODEL MAJOR COMPARATIVE ADVANTAGES • • • • • • • Shallow, low-cost, potential strip mining returned to productive farmland Significant oxidisation and weathering completed by nature Advantageous beneficiation and processing Lower environmental impact than hard rock REE Reconnaissance field sampling trips conducted 1st Passive Seismic surveys completed confirmed clay trap targets First round aircore drilling completed at Condingup CONCEPTUAL MODEL emunl.com.au 9 EXPLORATION PROJECTS CONDINGUP REE PROJECT GLOBALLY SIGNIFICANT LOCATION, 100% OWNED PROJECT • • • • • • • • • • • • 1,500 square kilometres highly fertile REE ground 35 kms from ASX:OD6 Splinter Rocks Project –“ Dead Ringer“ Shallow, clay hosted overlaying Booanya Granite Suite High Magnetic average MREO 21%, Heavy HREO, up to 53% Ratios Outstanding location with substantial infrastructure Esperance REE Province - alongside high profile neighbours Rock Chip samples reporting multiple >1000ppm results AC drill programme records results in 33 of 34 holes with grades >300ppm Broad areas of mineralisation overlaying/adjacent Booanya Granites Significant concentrations of REE identified in clay trap zones Passive Seismic identifies interpreted broad Paleo Channel Aircore drilled – maiden 2,762m - 34 hole programme completed confirms substantial REE mineralisation CONDINGUP REE emunl.com.au 10 EXPLORATION PROJECTS CONDINGUP REE PROJECT MAIDEN AIRCORE DRILLING PROGRAMME RESULTS ASX Release “Extensive High Grade REEs over multiple km at Condingup Project” 9 October 2023 emunl.com.au CONDINGUP REE 11 EXPLORATION PROJECTS VIPER REE PROJECT EMU DISCOVERY, 100% OWNED PROJECT,JERRAMUNGUP WA • • • Discovery of new REE province 240 square kilometres REE mineralisation RC Drill (4m composite) results • All drill holes ended in anomalous REE mineralisation up to 380.9 ppm TREO High Magnetic MREO 29.4% and Heavy HREO, 15.6% Ratios. • ASX Release “REE Discovery Viper Project Jerramungup WA” 15 May 2023 emunl.com.au VIPER REE 12 EXPLORATION PROJECTS GRACELAND REE PROJECT EMU DISCOVERY, 100% OWNED PROJECT,LAKE GRACE WA • • Discovery of new REE in Lake Grace Hyden district Located near Mamba REE and Quicksilver REE projects • All drill holes ended in significantly anomalous REE up to 646.91 ppm TREO • High Magnetic, MREO 26.7%, Heavy HREO, 14.6% Ratios. GRACELAND REE ASX Release “Graceland Project Added to EMUs REE Portfolio in WA” 25 May 2023 emunl.com.au 13 EXPLORATION PROJECTS MERREDIN REE PROJECT EMU DISCOVERY MUKINBUDIN REE PROVINCE, 100% OWNED PROJECT • 88 km2 leases under application • Anomalous, clay hosted REE within granite lithology and prospective structural fault package • Initial Rock Chip Reconnaissance Survey confirmed GSWA rock chip anomalism grading up to 1,405 ppm or (0.14%) TREO. • EMU’s rock chip samples returned up to 971 ppm TREO. • High value MREO ratios up to 21.3% TREO grade from rock chips with numerous assay results greater than 600 ppm TREO. • High value HREO ratios up to 22% TREO • Historic soil samples with elevated COPPER up to 1452 ppm and ZINC up to 1,679 ppm. MERREDIN REE ASX Release “Further Rare Earths Discovery at EMU’s Merredin Project WA” 14 June 2023 emunl.com.au 14 EXPLORATION PROJECTS BADJA – GOLD, TUNGSTEN, LITHIUM PROJECT • • • • • • • • HIGH GRADE HISTORIC GOLD MINE , Tungsten and Lithium discoveries Gold orebodies at Gnows Nest, Monte Cristo, Flying Emu, Watertank Hill High grade tungsten discovery in Monte Cristo Prospect Spodumene discovery September 2023 Gnows Nest Mine recorded historic production of ~27,925oz at a recovered grade of 22g/t Au between 1923 and 1941 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 copper-zinc mine Significant high grade tungsten discovery at Monte Cristo with conceptual modelling of granitic source requiring evaluation Spodumene discovered in September 2023 highlighting significant prospectivity for project wide lithium mineralisation emunl.com.au BADJA GOLD TUNGSTEN LITHIUM WA 15 EXPLORATION PROJECTS 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 16 EXPLORATION PROJECTS MONTE CRISTO PROSPECT High grade veining - shear related gold and tungsten The structure has a strike length of ~6km – “mapped” by a number of 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 17 EXPLORATION PROJECTS 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 18 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 See ASX Announcement 28 September 2020 “Emu Secures Highly Prospective Exploration Portfolio in WA” emunl.com.au SUNFIRE NI-CU PROJECT 19 EXPLORATION PROJECTS ACTIVITIES AND NEWSFLOW EMU IS A HIGHLY ACTIVE EXPLORER SUBSTANTIAL NEWSFLOW CONTINUES... One of Australia's most successful REE explorers 1560 km2 REE flagship project at Condingup, near Esperance WA ,shallow, clay hosted REE within Booanya granite suite 4 significant REE project discoveries in the past 12 months all clay hosted in desirable locations Intrusion related high grade Gold and high-grade tungsten discoveries at Badja from 28km of drilling. LCT pegmatite, lithium fertility confirmed Farm in JV for the 850 km2 Georgetown project QLD. More than 1000 mineral occurrences recorded – no modern exploration identified for decades Experienced management and discovery team Successful drilling programmes at Condingup, Graceland and Viper results in clay hosted REE discoveries Large portfolio of diversified projects –REE’s, Gold, Copper, Nickel, PGE’s, battery and critical minerals projects for emerging electrification transition Australian based explorer with standout portfolio of exploration projects emunl.com.au NEWSFLOW 20 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