Cape Flattery Silica

Noosa Mining Conference 20 to 22 July 2022

Metallica Minerals Limited (ASX: MLM)

A new economy minerals company

Metallica Minerals is an Australian development company focused on delivering high purity silica sand to a diversified global customer-base.

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Disclaimer

This presentation has been prepared by Metallica Minerals Limited (ASX:MLM) (Company/Metallica) This document contains background information about Metallica current at the date of this presentation. The presentation is in summary form and does not purport to be all-inclusive or complete. Recipients should conduct their own investigations into the completeness of the information, statements and opinions contained in this presentation and perform their own analysis in order to satisfy themselves as to the accuracy of this information.

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 sales of shares or other securities in any jurisdiction. This presentation is not a prospectus, product disclosure statement or other offering document under Australian law (and will not be lodged with the Australian Securities and Investments Commission (ASIC)) or any other law. This presentation and the announcement to which it is attached does not and will not form any part of any contract or commitment for the acquisition of Metallica securities.

This presentation does not constitute investment or financial product advice (nor tax, accounting or legal 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 involve risks which include (among others) the risk of adverse or unanticipated market, financial or political developments. The information contained in this presentation and related market announcements should not be considered to be comprehensive or to comprise all the information which a shareholder or potential investor in Metallica may require in order to determine whether to deal in Metallica securities or otherwise participate in any offer to

acquire or sell securities, nor does it contain all the information which would be required in a prospectus, product disclosure statement or other offer document prepared in accordance with the Corporations Act 2001 (Cth).

To the fullest extent permitted by law, Metallica, its officers, employees, agents and advisors 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 are accepted. To the maximum extent permitted by law, Metallica and its directors, officers and employees exclude and disclaim all liability, including without limitation for negligence or for any expenses, losses, damages or costs incurred by you as a result of your participation in any offer or dealing in Metallica securities or the information in this presentation and market announcements to which it is related being inaccurate or incomplete in any way for any reason, whether by negligence or otherwise.

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 Metallica. 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, Metallica 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.

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Listing Rule & Competent Person Statements

ASX Announcements cited

Competent Person Statement

The following ASX Announcements are cited in this presentation

1.See ASX Release 7 April 2022 "Significant Increase in Measured & Indicated Resources at Cape Flattery Silica Project"

2.See ASX Release 15 June 2021 "Mining Lease Application lodged for Cape Flattery Silica" 3.See ASX Release 21 March 2022 "Cape Flattery Silica Pre Feasibility Study"

  1. See ASX Results 28 April 2022 "Positive Metallurgical test work results achieved at CFS""
  2. See ASX Release 10 November 2021 "Cape Flattery Silica Sand Project Production Target"

The statements in this presentation concerning Mineral Resource Estimates at the CFS Project are derived from ASX announcements 1, 3 and 5 above.

Listing Rule 5.23

The Company confirms that it is not aware of any new information or data that materially affects the information included in these original market announcements and, in the case of estimates of mineral resources or ore reserves and production forecasts and forecast financial information, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcements continue to apply and have not materially changed. The company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcement.

Statements concerning production targets and related financial information are derived from ASX announcements 3 and 5 above.

Listing Rule 5.19.2

The Company confirms that all material assumptions underpinning the production target and corresponding financial information continue to apply and have not materially changed.

The information in this presentation relating to mineral resource estimates or ore reserves is based on information compiled and reviewed by Mr Carl Morandy, who is a Member of the Australian Institute of Mining & Metallurgy. Carl is a fulltime employee of Ausrocks Pty Ltd and has sufficient experience that is relevant to the styles of mineralisation under consideration and to the activity which he is undertaking 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". Carl consents to the inclusion in the presentation of the matters based on his information in the form and context in which it appears.

  • High purity silica sand resource of 52.2Mt @ 99.18% SiO2
  • 144 Drill holes completed
  • In-situSiO2 averages 99.2% at an 98.5% cut-off grade

See ASX Release 7 April 2022 "Significant Increase in Measured & Indicated Resources at Cape Flattery Silica Project"

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Company Highlights

Cape Flattery Silica

Booming production of

46Mt Reserve

Mining Lease

(CFS)

Solar panels stimulates

high purity

Application

is 100% owned by

significant demand for

Silica Sand

lodged2

Metallica Minerals

high purity silica sand

resource1

CFS project has a

Strong financial

Project has low Capex,

Excellent internal

transport solution -

results from

low Opex and a

Metallurgical test

located within Port Limit of

Pre-Feasibility

Reserve for 25 years

results received -

Cape Flattery

Study3

production

potential customer

acceptance underway4

  1. See ASX Release 7 April 2022 "Significant Increase in Measured & Indicated Resources at Cape Flattery Silica Project", 2. See ASX Release 15 June 2021 "Mining Lease Lodged for Cape Flattery Silica"
  1. See ASX Release 21 March 2022 "Cape Flattery Silica PFS - confirms excellent economics, 4. See ASX Results 28 April 2022 "Positive Metallurgical test work results achieved at CFS"

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Metallica Minerals Limited published this content on 20 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 July 2022 02:13:03 UTC.