Aurumin : GM Presentation

onlyuse ersonalASX:AUN

WEST AUSTRALIAN GOLD

EXPLORATION AND DEVELOPMENT

Extraordinary General Meeting

08 February 2021

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Disclaimer

Disclaimer

onlyThe information contained in this presentation has been prepared by Aurumin Limited ("Aurumin" or "the Company"). This presentation is not an offer, invitation, solicitation or other recommendation with respect to the subscription

for, purchase or sale of any securities in the Company. This presentation has been made available for information purposes only and does not constitute a prospectus, short form prospectus, profile statement or offer information statement. This presentation is not subject to the disclosure requirements affecting disclosure documents under Chapter 6D of the Corporations Act.

This presentation may contain forward looking statements. Such forward looking statements are estimates for discussion purposes only and should not be relied upon. They are not guarantees of future performance and involve

k own and unknown risks, uncertainties and other factors many of which are beyond the control of Aurumin. The forward-looking statements are inherently uncertain and may therefore differ materially from results ultimately achieved.

Aurumin does not make any representations and provides no warranties concerning the accuracy of the information and disclaims any obligation to upgrade or revise any forward-looking statements based on new information,

future events or otherwise except to the extent required by applicable laws. While the information contained in this report has been prepared in good faith, neither Aurumin or any of its directors, officers, agents, employees or

advisors give any representation or warranty, express or implied, as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. Accordingly, to the maximum usext nt permitted by law, none of Aurumin, its directors, employees or agents, advisers, nor any person accepts any liability whether direct or indirect, express or limited, contractual, tortuous, statutory or otherwise, in respect of the

accuracy or completeness of the information or for any of the opinions contained in this presentation or for errors, omissions or misstatements or for any loss, howsoever arising, from the use of this presentation.

A recipient of this presentation must make their own assessment of the matters contained herein and rely on their own investigations and judgment in making an investment in the Company. This presentation does not purport to contain all of the information a recipient of this presentation requires to make an informed decision whether to invest in the Company. Specifically, this presentation does not purport to contain all the information that investors and their professional advisers would reasonably require to make an informed assessment of the Company's assets and liabilities, financial position and performance, profits, losses and prospects.

The information in this presentation is not a recommendation to subscribe for securities in the Company and does not constitute financial advice. Any person who intends to subscribe for securities must conduct their own investigations, assessment and analysis of the Company and its operations and prospects and must base their investment decision solely on those investigations and that assessment and analysis. Prospective investors should consult their own legal, accounting and financial advisers about an investment in the Company.

ersonalThe 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 mineral tenements of the Company as described in this presentation are at various stages of exploration and development, or in c re nd maintenance, and potential investors should understand that mineral exploration and development are high-risk undertakings. There can be no assurance that exploration and development of the tenements, or any other te ements that may be acquired in the future, will result in the discovery of an economic ore deposit. Even if an apparently viable deposit is identified, there is no guarantee that it can be economically exploited.

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Competent Person Statements

JORC Code

onlyIt is a requirement of the ASX Listing Rules that the reporting of ore reserves and mineral resources in Australia comply with the Joint Ore Reserves Committee's Australasian Code for Reporting of Mineral Resources and Ore Reserves ("JORC Code"). Investors outside Australia should note that while ore reserve and mineral resource estimates of the Company in this document comply with the JORC Code (such JORC Code compliant ore reserves and mineral resources being "Ore Reserves" and "Mineral Resources" respectively), they may not comply with the relevant guidelines in other countries and, in particular, do not comply with (i) National Instrument 43 101 (Standards of Disclosure for Mineral Projects) of the Canadian Securities Administrators (the "Canadian NI 43 101 Standards"); or (ii) Industry Guide 7, which governs disclosures of mineral reserves in SEC filings. Information contained in this document describing mineral deposits may not be comparable to similar information made public by companies subject to the reporting and disclosure requirements of Canadian or US securities laws. You should not assume that qua tities reported as "resources" will be converted to reserves under the JORC Code or any other reporting regime or that Aurumin Limited will be able to legally and economically extract them.

C mpetent Person Statements - Existing Projects

The information in this presentation that relates to exploration results, data quality and geological interpretations for the Mt Dimer Project, Mt Palmer and Karramindie Projects is based on information compiled by Peter Aldridge, a Competent Person who is a Member of the Australian Institute of Geoscientists and a full-time employee of Aurumin Limited. Mr Aldridge has sufficient experience which is relevant to the style of mineralisation and type of deposit useund r 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".

Mr Aldridge consents to the inclusion in this presentation of the matters based on this information in the form and context in which it appears.

The information in this presentation that relates to exploration results and data quality for the Johnson Range Project is based on information compiled by Peter Aldridge, a Competent Person who is a Member of the Australian In titute of Geoscientists and a full-time employee of Aurumin Limited. Mr Aldridge has sufficient experience which is relevant to the style of mineralisation and type of deposit 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". Mr Aldridge consents to the inclusion in this presentation of the matters based on this information in the form and context in which it appears.

The information in this presentation that relates to geological interpretations and Mineral Resource estimations for the Johnson Range Project is based on information compiled by Graeme Bland, a Competent Person who is a Member of the Australian Institute of Geoscientists and a full-time employee of Aurumin Limited. Mr Bland has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the ersonalactivity 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". Mr Bland consents to the

inclusion in this presentation of the matters based on this information in the form and context in which it appears.

Competent Person Statement - Central Sandstone Gold Project

The i formation in this presentation that relates to exploration results and mineral resources for the projects in which the Company has or intends to acquire an interest over were first released in the Company's announcement dated 15 December 2021. The Company confirms that it is not aware of any new information or data that materially affects the information included in the announcement.

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Corporate Snapshot

Capital Structure
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Shares on Issue	99.2M
Share Price (04 February 2022)	$0.185
Market Capitalisation	$18.4M
Unlisted Options (30c)	10.8M
Unlisted Options (40c)	2.7M
Financial Position
use
Cash (31 December 2021)	$4.0M
Debt (31 December 2021)	-
Enterprise Value	$14.4M
ersonal	21%

Board & Management

Escrowed (9 Dec 2022)

12%

Retail and Funds

67%

Piers Lewis Non-Executive Chairman - BCom, CA, FGIA

Finance professional with 25 years of years corporate advisory experience with various ASX and AIM companies.

Currently non-executive director and company Secretary for a number of ASX Listed companies, including Grange Resources Limited and Noronex Limited. Founder and operator of SmallCap Corporate. Previous senior management roles with Credit Suisse (London), Mizuho International, ABN Amro and NAB Capital.

Brad Valiukas Managing Director - BEng (Mining), GradCert (Econ), Member AusIMM

Mining Engineer with over 20 years operational, management and executive experience, covering underground and open pit operations across multiple commodities around Australia and internationally.

Most recently Manager - Technical Services for Northern Star Resources, previously COO at Focus Minerals, COO at ABM Resources and multiple senior roles at Mincor Resources.

Darren Holden Non-ExecutiveDirector - BSc (Hons) (Geology), PhD (History)

Geologist and experienced director with over 25 years of industry experience in Australia and internationally including projects in Canada, USA and Mexico.

Currently non-executive director of Odessa Minerals Limited, owner of exploration advisory business GeoSpy Pty Ltd, and is a founder and director of project generators Marlee Minerals Pty Ltd and Odette Geoscience Pty Ltd. Additionally holds positions with Silver Mines (NSW), and Lion One Ltd (Fiji). Previously MD at ABM Resources and Executive VP Exploration at Geoinformatics.

Shaun Day Non-ExecutiveDirector - BCom, Fellow CA ANZ, Fellow FINSA

Finance professional with 20 years executive, financial and commercial roles across mining and infrastructure, investment banking and advisory firms.

Currently CEO of London listed Greatland Gold PLC. Previously CFO of ASX100 Northern Star Resources, SGX50 Sakari Resources and ASX 200 Straits Resources. Previously non-executive director of ASX Attila Resources, TSX Superior Gold and TSX Goldminco Corporation.

Mark Rowbottam Executive Manager - Corporate Development - BAppSc, MBA, F FIN, MAICD

Corporate finance professional with over 25 years executive, corporate advisory and board experience.

Previously Non-Executive Director of ASX Latin Resources, Aleator Energy, GRP Corporation and co-founder of Allegra Capital Pty Ltd, a wholesale corporate advisory firm providing ASX listing and M&A advice in the minerals, energy, technology and biotechnology sectors.

Shane Tomlinson Manager - Exploration - BSc (Expl & Min Geology), MSc (Ore Deposits), Member AIG

Geologist with over 20 years of experience in exploration and mining geology, covering underground and open pit operations across multiple commodities throughout Western Australia and West Africa.

Recent positions include; Principal Geologist for Mineral Resources, Geology Manager for Hexagon Resources and Exploration Manager for West Peak Iron and prior positions with companies including Barrick Gold and Sons of Gwalia.

Current Acquisition - 784koz Sandstone Gold Project

ersonal use only

Aurumin has entered into an agreement with Middle Island Resources (ASX:MDI) to acquire the 784koz Sandstone Gold Project in Western Australia for $12 million, comprising $6 million cash and $6M AUN shares

Aligns to Aurumin Goals	Aligns to Aurumin Strategy	Cost Effective	Mutual Benefit
Build or acquire multiple production	Located where we can successfully	Gold Resource acquisition	Seller upside from advancement of
centres - Sandstone is a	operate - Western Australia		the Project
complementary asset	Projects where we can add value	Plus permitted infrastructure	Immediate value for our Johnson
Preferred commodity - Gold			Range asset
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