Announcement PDF MONT ROYAL RESOURCES ASX:MRZ LITHIUM EXPLORATION ACROSS THE UNDEREXPLORED EASTMAIN GREENSTONE BELT INVESTOR PRESENTATION AUGUST 2023 DISCLAIMER This investor presentation has been prepared by Mont Royal Resources Limited (ACN 625 237 658). This presentation is not a prospectus nor an offer for securities in any jurisdiction nor a securities recommendation. The information in this presentation is an overview and does not contain all information necessary for investment decisions. In making investment decisions in connection with any acquisition of securities, investors should rely on their own examination of the assets and consult their own legal, business and/or financial advisers. The information contained in this presentation has been prepared in good faith by Mont Royal Resources Limited, however no representation or warranty expressed or implied is made as to the accuracy, correctness, completeness or adequacy of any statements, estimates, opinions or other information contained in this presentation. To the maximum extent permitted by law, Mont Royal Resources Limited, its directors, officers, employees and agents disclaim liability for any loss or damage which may be suffered by any person through the use or reliance on anything contained in or omitted in this presentation. Certain information in this presentation refers to the intentions of Mont Royal Resources Limited, but these are not intended to be forecasts, forward looking statements or statements about future matters for the purposes of the corporations act or any other applicable law. The occurrence of events in the future are subject to risks, uncertainties and other factors that may cause Mont Royal Resources Limited’s actual results, performance or achievements to differ from those referred to in this presentation. Accordingly, Mont Royal Resources Limited, its directors, officers, employees and agents do not give any assurance or guarantee that the occurrence of the events referred to in the presentation will actually occur as contemplated. The information in this report that relates to exploration results was reported in accordance with the Listing Rules and JORC 2012 in the Company’s ASX announcements dated 8 December 2021 (‘Wapatik Project Update Nickel-Copper Ultramafic Intrusion’), 9 June 2022 (‘Tarku Ground EM Program Delivers Multiple Shallow Conductors’), 30 June 2022 (‘Maiden Drill Program hits Nickel-Copper Sulphides at Wapatik’), 4 October 2022 (‘Phase 3 Drilling and Prospectging Program Commences at Wapatik Project’), 28 October 2022 (‘New Nickel-Copper Surface Discovery at Wapatik Project’). The Company confirms that it is not aware of any new information or data that materially affects the exploration results reported in these announcements. This announcement has been authorized for release by the Board of Mont Royal Resources Limited. Lorem Ipsum is simply dummy text of as been and industry. has been the www.montroyalres.com 2 INVESTMENT HIGHLIGHTS Significant Position in Underexplored Greenstone Belt Multi Commodity Projects Nearby Major Discoveries Exploration Program Currently Underway Results Pending • The entire greenstone belt is underexplored despite the region hosting several significant discoveries • Exploration projects across lithium, gold, copper, nickel, and cobalt • Multi phase Lithium exploration program commenced in March 2023 • Major lithium and gold discoveries in the region delivering ongoing exploration success from junior explorers • Fieldwork program commenced in June 2023 • MRZ has 651km2 of landholding in the upper and lower Eastmain region of James Bay, Quebec • Follow-up trenching, and maiden lithium drill program in 2nd half 2023 . World Class Jurisdiction • Quebec is ranked 8th on the 2020 Fraser Institute Mining Attractiveness Index • Excellent infrastructure including all weather roads, hydro power and skilled labour • Attractive fiscal regime for industry companies via government rebates . www.montroyalres.com 3 CORPORATE SNAPSHOT Mont Royal Resources (ASX:MRZ) is building a significant position in an underexplored greenstone belt in the James Bay area of Quebec, Canada, with the Company’s Northern Lights and Wapatik projects, both strategically located in the lower and upper regions of the belt. The Company has recently commenced a multi phase exploration program with helicopter assisted lithium exploration underway at Bohier and Eastmain Léran in conjunction with a maiden Lithium exploration program at Wapatik due to start in the near term. Both programs aim to establish LCT bearing pegmatite drilling targets. ASX:MRZ *post capital raise ASX Code $10.0m Enterprise Value $0.175 82.3m Share Price: 14 August ‘23 Shares on Issue * 11.25m $4.4m Options on issue Cash position ** $14.4m Market Capitalisation Substantial Shareholders Michael O’Keeffe - 7.50% Vison Pty Limited <Phillip Garratt Family A/c> - 5.95% *Post capital raising offer 3rd August 2023 ** Pro-forma cash position at 30 June 2023 assuming August placement proceeds (before costs) of $2.2m received. www.montroyalres.com 4 BOARD OF DIRECTORS Gary Lawler Non-Executive Chairman BA, LLB, LLM (Hons), Master of Laws (Applied Laws) (Wills and Estates) • Significant expertise in the areas of mergers and acquisitions and corporate governance, having practiced as a corporate lawyer in this space for over 40 years. • He has held board positions with Dominion Mining Limited, Riversdale Mining Limited, Riversdale Resources Limited (Canada), Cartier Iron Corporation (CNX:CFE). • Currently a Non-Executive Director of Champion Iron Limited (ASX/TSX:CIA). Corporate Snapshot Peter Ruse Executive Director B Comm, Grad Cert Applied Finance and Investment Ronnie Beevor Non-Executive Director BA, Philosophy, Politics and Economics, Oxford University • Finance professional with 15 years’ experience in Equity Funds Management in the Metals, Mining and Industrial related sectors. • Over 40 years in investment banking and mining - former Head of Investment Banking at Rothschild Australia. • Experience in both private and public equity markets having held the former role of Executive Director / Portfolio Manager of ALR Investments Pty Limited, a Western Australian family office investment company. • Former Chair of EMED Mining (AIM:EMED) which acquired, re-developed and operates the now 15mtpa Rio Tinto copper mine in Spain. • Currently a Non-Executive Director of Parabellum Resources (ASX:PBL) and Gunsynd PLC (AIM:GUN). • Former director of Riversdale Resources, taken over for A$800M by Hancock Prospecting in 2019, and Talison Lithium which acquired the Greenbushes lithium mine in WA, and taken over by Tianqi Lithium for C$900M in 2013. • Former board member of Oxiana which merged in 2008 with Zinifex to form OZ Minerals, recently being acquired by BHP for $9.5Bn • Chairman of Bannerman Resources (ASX:BMN), Felix Gold (ASX:FXG). www.montroyalres.com 5 OUR PROJECTS Northern Lights Projects Corporate Snapshot • Projects include: - Northern Lights Assets (75% Owned) - Eastmain Lèran Project (Option to own 75%) - Dios Assets (JV to Earn in 70%) Northern Lights Projects • Total land package of 536 km2 • Bohier Project - Lithium Fieldwork and prospecting program commenced in June 2023, initial trenching programs and drill test priority pegmatite targets • Eastmain Lèran Lithium Fieldwork and prospecting program to commence in August 2023, trenching and combined drill program with Bohier determined by strongest results from the field. Quebec • Dios – work to commence in late 2023 through IP survey Wapatik Project • Option/Joint Venture to earn 70%, operated by Azimut Exploration Wapatik Project • 220 claims totalling 115km2 • Maiden Lithium Exploration program – an approved Prospection and sampling program due to commence in the near term. Located 18km north of Allkem Limited (ASX:AKE)’s James Bay Lithium Project recently upgraded 110.2Mt @ 1.30% Li2O (Press release 11th August 2023) • Nickel exploration - discovery hole: 2.68% Ni, 1.30% Cu, 0.09% Co over 3.30m from 143.4 m to 146.7m (refer to ASX announcement - 30 June 2022 entitled ‘Maiden Drill Program hits Nickel-Copper Sulphides at Wapatik’) www.montroyalres.com 6 JAMES BAY, QUEBEC A TIER-1 JURISDICTION Tier-1 Jurisdiction Quebec is ranked 8th on the 2020 Fraser Institute Mining Attractiveness Index Significant Lithium Exploration The region is host to several large scale Lithium discoveries with multiple explorers continuing to achieve exploration success Underexplored The region has not received the same level of exploration compared to the belts in Southern Quebec the Abitibi Greenstone Belt hosts a number of world class mines including Kirkland Lake, Rouyn Noranda, Malartic and Kerr Addison Excellent Infrastructure and Hydropower All weather roads provide year round access to Mont Royal’s projects, with Quebec offering some of the most economical renewable energy supply on a global scale, and La Grande hydroelectric station located in James Bay www.montroyalres.com 7 JAMES BAY: EMERGING WORLD CLASS LITHIUM DISTRICT • James Bay is emerging as a tier-1 lithium district and host to several recent major discoveries • Recent discoveries include: • Patriot Battery Metals’ (TSX-V: PMET, ASX: PMT)) Corvette Property– 109.2Mt at 1.42% Li2O Maiden Resource (July 2023) • Allkem Resources (ASX:AKE) James Bay Project Resource upgraded 110.25mt @1.3% Li2O (August 2023) • Winsome Resources Limited (ASX:WR1) Cancet Project – 15-25Mt exploration target at 1-2% Li2O • Mont Royal’s Bohier project border Benz Mining (ASX:BNZ TSXV:BNZ) Ruby Hill West Project • Rock chip samples up to 4.7% Li2O • Maiden drill program delivered 31.1m at 0.9% Li2O including 12.7m at 1.3% Li2O and 3.7m at 2.6% Li2O www.montroyalres.com 8 NORTHERN LIGHTS PROJECTS Upper Eastmain Greenstone belt, James Bay Region, Quebec. www.montroyalres.com 9 NORTHERN LIGHTS 2023/24 EXPLORATION PROGRAM Trenching program • Deployment of small excavator mobilized to the project will assist in delineating size and scale of identified Pegmatite hosted outcropping mineralization July August Multi Phase Exploration Program • Helicopter supported Lithium exploration / prospecting progam at Bohier & Eastmain Léran. • Preliminary test work on samples gathered during the prospecting program • Surface samples gathered from fieldwork to undergo full chemical assay analysis September October Assay results from Fieldwork & Drilling programs • Results from Field work (proposed) • Results from future drilling November December December Drilling program • Initial program of 1,000-1,500 meters will be designed to drill test the highest-ranking targets from fieldwork. *program is yet to be approved and is in planning phase www.montroyalres.com 10 BOHIER & EASTMAIN LÉRAN LITHIUM EXPLORATION • MRZ is underway on its Lithium exploration program to identify LCT bearing pegmatites on the Bohier and Eastmain-Léran projects. • Lithium Fieldwork and prospecting program commenced in May 2023, aiming to drill-test best LCT pegmatite targets in summer exploration season. • The Bohier mafic volcanics are part of the similar package that hosts Benz Mining’s Ruby Hill early lithium exploration success. • Additional pegmatites dykes were found less than a kilometre west of the Bohier Project (Refer ASX:BNZ Release – 27 October 2022) and the dyke swarm could potentially extend onto the Bohier property. • Program is being led by IOS Geoscientifique technical team which is conducting a detailed prospecting campaign aimed at detailed mapping, logging, sampling of outcropping Wahemen granite. • Results will be analysed to determine whether their chemical composition is compatible with lithium caesium tantalum (LCT) systems. Bohier Project showing the same volcanic rock package (light green) proven to host pegmatite to the South west. Source: IOS Geoscienfiques www.montroyalres.com 11 LIDAR SURVEY DEPLOYED TO IMPROVE DRILL TARGETS • Airborne Lidar survey completed in May 2023 which identified Target Area 1 & 2 on the Bohier property • Lidar has delineated distinct outcropping features over a 10km trend. • Improved topographic data improves effificency in the field leading the prospecting team to the highest ranked outcropping features • The geological mapping and rock sampling will be used to delineate drill targets and commence an immediate drilling program to follow up observations and data from the field. • The pegmatites are unlikely to be found in the granite itself but in the mafic volcanics a few kilometres from the greenstone – granite contact Geological map overlaid with results from Lidar survey analysis at Bohier project www.montroyalres.com 12 BOHIER & EASTMAIN LÉRAN LITHIUM EXPLORATION • The north edge of the Eastmain-Léran Project (Fig 7) is also a favourable lithium target due to the proximity of the Wahemen granite, which has the chemistry and mineralogy of a LCT pegmatite parental granite (Talla Takam and Beauchamp, 2016). • Lithium occurrences identified by historical Government data base of spodumene bearing boulders in the northeast corner of the property • Target area (highlighted in yellow) is the main focus of the current prospecting program • Results from the prospecting program will be released to the market as soon as they become available • The second phase of exploration work will include a trenching program to determine size and scale of prospective outcropping areas identified during the current program Eastmain Léran including additional northern claims (blue) with initial Li exploration/prospection focused along the North-East Wahemen Granite Source: IOS Geoscienfiques www.montroyalres.com 13 EASTMAIN LÉRAN PROJECT – Cu/Ni/Au Geology • Geology is prospective for exhalative sulphide mineralization (known as volcanogenic massive sulphide; VMS) and lode gold. • In other parts of the Upper Eastmain Greenstone belt, the occurrence of felsic intrusive and ultramafic sills indicate potential for porphyry-type deposits and magmatic Ni-Cu-PGE mineralisation. Alta-Eastmain Target Found in 1957, the Alta-Eastmain occurrence is interpreted as a volcanogenic massive sulphide (VMS). Average copper (Cu) grade from grab samples is 1.35% Cu (n = 8) and the best reported channel sample yielded a grade of 1.26% Cu over 7.6 m. The massive sulphide holds secondary amounts of Ag (5.4 g/t), Ni (0.09%), Co (0.12%) and Au (0.3 g/t). • Mineralisation is stratiform and is, at least, 240 m long and 7.6 m wide. It remains open. It is associated with a brecciated rhyolite and a cherty tuff. • There is noticeable alteration (silicification). The mineralisation is cut by an ENE – WSW trending shear. • Preliminary drilling results were inconclusive. • Exploration for Cu/Ni/Au will remain under review while the Company carries out its current Lithium exploration campaigns. East extension of the Alta-Eastmain zone. Several mineralized bands (total thickness of 4 m) are exposed for a length of 35 m. Sample 96790216 yielded 2.36% Cu and 2.5 g/t Ag. Source: IOS Geoscientifique www.montroyalres.com 14 WAPATIK PROJECT Option/Joint Venture to earn 70% Lower Eastmain Greenstone belt, James Bay Region, Quebec. www.montroyalres.com 15 WAPATIK PROJECT OVERVIEW 220 claims totalling 115km2 in continuous tenure on strike from Patwon Gold Zone – The project has never been explored for Lithium which Mont Royal plans to capitalise on The region is host to the James Bay Lithium Project (Allkem Limited AKE.ASX) just 18kms to the south and Éléonore gold mine (Newmont Corporation NEM.US) and recent Patwon discovery/Elmer property, with Azimut consolidating the tenure 13km west of the Watapik following the Patwon discovery1. Lithostructural interpretation completed by Mont Royal and Azimut in May 2021, providing a new higher-fidelity geologic map of the property. Geological formation which hosts Azimut’s Elmer project extends east to west associated with high magnetic/iron formations, with five faults identified on the eastern side of the property. The project is enabling Mont Royal to deploy its cash position via the earn-in partnership arrangement, whilst leveraging Azimut’s strong technical exploration team, to unlock the full potential of the Wapatik project. www.montroyalres.com 16 WAPTATIK 2023/24 EXPLORATION PROGRAM Maiden Lithium exploration program • Initial focus will be on several pegmatite dykes visible from the air in a geological environment • prospecting, rock sampling, and geological mapping August September October Trenching program • Deployment of small excavator mobilized to the project will assist in delineating size and scale of identified Pegmatite hosted outcropping mineralization Assay results from Fieldwork & Drilling programs • Results from Field work • Results from future drilling November December January December Drilling program • Initial program of approx. 1,000-1,500 meters will be designed to drill test the highest-ranking targets from fieldwork. **Program is yet to be approved and is in planning phase www.montroyalres.com 17 ADDED FOCUS ON LITHIUM • The Wapatik Property overlays several pegmatite dykes visible from the air in a geological environment . • Till sampling is used to target priority areas with Ta and Cs analysis. Western and Central areas of the property appears prospective, and will be subject to initial prospecting program. • Targeting will be further advanced using in-house remote sensing processing. • Prospecting of the pegmatite dykes in zones 1, 2, 7 ,3 and 3S as a first priority. • 18 km north of the Galaxy Li mine project (Mineral Resource Estimate recently upgraded 110.2Mt @ 1.30% Li2O (Press release 11th August 2023) • Mont Royal and Azimut hope to commence the program in the near term once service providers (helicopter contractors) are secured. Source: Azmut Exploration www.montroyalres.com 18 NICKEL-COPPER-COBALT DISCOVERY Exploration • Discovery of nickel-copper massive sulfide mineralisation during the maiden 1,000m diamond drilling program at the Wapatik Project. • This initial drilling interval is ranked as one of the best recorded results for nickel-copper mineralisation in the James Bay region, based on public data (SIGEOM). • Discovery hole WAP22-003 : 2.68% Ni, 1.30% Cu, 0.09% Co over 3.30m from 143.4 m to 146.7 m along the hole (110 meters vertical depth), including: * • 3.63% Ni, 0.48% Cu, 0.12% Co over 1.0 m • 3.04% Ni, 0.75% Cu, 0.10% Co over 1.1 m. • Drilling success in maiden program • Mineralisation associated with an ultramafic intrusion corresponds to an EM conductor • 15 diamond drill holes completed for a total of 3,395m • System remains open with excellent chances for expansion. The program is currently on hold whilst the company embarks on its Lithium strategy * Refer to ASX announcement of 30 June 2022 entitled ‘Maiden Drill Program hits Nickel-Copper Sulphides at Wapatik’ ** Refer to ASX announcement of 4 October 2022 entitled ‘Phase 3 Drilling and Prospecting Program Commences at Wapatik Project’ * Refer to ASX announcement of 30 June 2022 entitled ‘Maiden Drill Program hits Nickel-Copper Sulphides at Wapatik’ ** Refer to ASX announcement of 4 October 2022 entitled ‘Phase 3 Drilling and Prospecting Program Commences at Wapatik Project’ www.montroyalres.com 19 2022 NICKEL-COPPER DISCOVERY Phase 3 drilling returned the following results ** Highlights from Phase 3 drilling returned the following results: • Hole WAP22-013: 0.15% Ni, 0.66% Cu, 0.012% Co, 7.18 g/t Ag over 3.3m (from 72.0 m to 75.3 m) • Hole WAP22-014: 0.20% Ni, 0.13% Cu, 0.017% Co, 0.78 g/t Ag over 21.5 m (from 125.5 m to 147.0 m)- including 0.40 % Ni, 0.47% Cu, 0.025% Co, 2,46 g/t Ag over 2.0 m 0.52% Ni, 0.70% Cu, 0.020% Co, 3.27 g/t Ag over 8.0 m (from 169.0m to 177.0 m) - including 1.34% Ni, 1.21% Cu, 0.050% Co, 4.76 g/t Ag over 1.1 m • Hole WAP22-015: 0.22% Ni, 0.20% Cu, 0.018% Co, 0.97 g/t Ag over 7.5 m (from 47.0 m to 54.5 m) Discovery hole WAP22-003 interval comprises coarse grained pentlandite, chalcopyrite and pyrrhotite Source: Azmut Exploration • • Refer to ASX announcement of 26th Arpil 2023 entitled ‘PHASE 3 DRILLING CONFIRMS 750 METER STRIKE LENGTH AT WAPATIK ** Refer to ASX announcement of 4 October 2022 entitled ‘Phase 3 Drilling and Prospecting Program Commences at Wapatik Project’ www.montroyalres.com 20 SECOND Ni/Cu/Co SURFACE DISCOVERY • Announced in October 2022, a surface discovery of a new nickel-copper-bearing ultramafic intrusion 2kms north of the ultramafic intrusion discovered in 2021. This field result is as an encouraging step, further demonstrating the nickel-copper potential of the Property and, at a larger scale (Refer to ASX announcement of 28 October 2022 entitled ‘New Nickel-Copper Surface Discovery at Wapatik Project’) Strong magnetic footprint measuring about 1,000m x 400m Mineralization comprises disseminated chalcopyrite, pyrrhotite and possibly pentlandite Assay results from other prospecting targets sampled this Autumn/fall are still pending www.montroyalres.com 21 DRILLING AT WAPATIK Drill Site WAP22-01 2021 Trench near Drill Site WAP22-03 Drill Site WAP22-02 Ultramafic Outcrop near Drill Site WAP22-03 www.montroyalres.com 22 GOLD POTENTIAL AT WAPATIK • Excellent additional results have been recently received for the dense mineral fraction from the till survey previously mentioned. • Twenty-two samples returned values higher than 0.5 g/t Au, including 14 samples with values higher than 1.0 g/t Au, with one maximum value of more than 30 g/t Au • Seven prospecting targets were subject to field examination this fall with results pending *Refer to ASX announcement of 4 October 2022 entitled ‘Phase 3 Drilling and Prospecting Program Commences at Wapatik Project’ www.montroyalres.com 23 WHY INVEST IN MONT ROYAL World Class Exploration Province and strong technical partners • Projects located in Canada’s James Bay province undergoing a significant increase in Lithium exploration. MRZ has 651km2 of landholding across multiple greenstone belts • Continuing strong technical and operational partnerships with IOS Geoscientifique & Azimut Exploration Progressing Early-Stage Exploration Projects • Multi Phase Lithium Exploration programs at Bohier, Eastmain Léran underway • Wapatik Lithium Exploration program due to commence in the near term • Multi-Phase drilling programs will follow after target generation across 3 project areas Funded for exploration • The company is well funded to execute on its current exploration strategy • Low enterprise value compared to ASX and TSXV peer group of Quebec explorers www.montroyalres.com 24 MONT ROYAL RESOURCES Level 8, 2 Bligh St Sydney NSW 2000 WEBSITE www.montroyalres.com CONTACT EMAIL info@montroyalres.com SOCIAL MEDIA @MontRoyalRes www.montroyalres.com 25 APPENDICES www.montroyalres.com 26 AZTECHMINE™ - PREDICTIVE MODELLING • By Partnering with Azimut, Mont Royal will benefit from the in-house technology and the strong technical expertise successfully applied to exploration in Quebec • The AZtechMine™ expert system is a pioneer data processing and analytics methodology, that uses large geoscientific databases, and can be precisely tuned to model the footprint of undiscovered mineral deposits • Big Data techniques are leveraged on geoscientific databases to obtain a big picture view of vast territories • The approach ensures efficient identification of high quality (Tier 1) targets in the most prospective areas • Provides a model for success in a challenging world of rising exploration costs and declining rates of discovery www.montroyalres.com 27