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AUSTRALIAN GOLD CONFERENCE

JUNE 14TH & 15TH 2022

For personal use only

Zenith Overview

  • Zenith Minerals Limited (ASX:ZNC) is an Australian based mining company with 100% of the asset base located in Western Australia and Queensland.
  • The Company has a strong track record of being an exploration project generator that continues seeking value generation for shareholders through astute acquisition of tenements that not only build on the asset portfolio but importantly compliment the existing land packages.
  • In January 2022, we turned much of our focus towards the lithium assets within the portfolio having entered into a joint venture agreement with EV Metals Group, a Saudi/Australian organisation committed to becoming a global leader in battery chemicals and technology. EV Metals may earn a 60% interest in the lithium projects represented by two initial 100% owned Zenith Projects, Waratah Well and Split Rocks.
  • As part of the investment by EV Metals into Zenith, plans are well progressed towards divesting the non-lithium assets into a separate vehicle called Mackerel Metals Limited (ASX MKM). An application is to be lodged with the ASX for this separate vehicle to be listed by September of 2022*

* Lodged an in-principle application to ASX for the demerger and IPO of MKM. For further details refer ASX announcement 13th January 2022

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Corporate Overview

Capital Structure | ASX:ZNC

Share Price1

Shares on Issue1

Market Capitalisation1

Cash2

$0.37

343.9M

$130M

$9.3M

ZNC fully paid ordinary

Share Price

0.5

0.45

0.4

0.35

0.3

0.25

0.2

0.15

0.1

0.05

0

June 2021

July

Aug

Sept

Oct

Nov

Dec

Jan 2022

Feb

Mar

Apr

May

June

Listed Equities3

- Listed in 2007

$13M

- Limiting Shareholder Dilution

- Tightly Held

- Experienced Board & Management

Major Shareholders 4

Directors

3.4%

0.37

HSBC Custody Nom.

9.5%

City Corp Nom.

8.3%

Top 20

BNP Paribas Nom.

7.3%

Holds 53%

Granich

2.6%

  1. As of 7th June 2022
  2. As of 31 Mar 2022
  3. As of 31 Mar 2022
  4. As of 27 May 2022

Contact Details

Level 2 / 33 Ord Street, West Perth, WA, 6005

T: +61 8 9226 1110

W: www.zenithminerals.com.au

Mail: PO Box 1426, West Perth, WA, 6872

E:info@zenithminerals.com.au

Zenith Minerals Limited ABN: 91 119 397 938

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$6M placement** in ZNC 20M shares @ $0.30

(20% premium to 10 DVWAP)

Lithium Assets

Joint Venture1

Split Rocks - Lithium Waratah Well - Lithium

Australian Lithium Alliance2

Mount Ida - Lithium

New Opportunities

Demerging the Asset Base

Non - Lithium Assets

Earaheedy 25% free carry to BFS

Develin Creek - Cu-Zn

Split Rocks - Gold

Red Mountain - Gold

Cowarra Option - Gold

Privateer - Gold

Auburn - Gold

Others

*Application has been made to the ASX for the listing of Mackerel Metals Limited (MKM) per ASX release 13th January 2022

1Joint Venture - ASX Release 13-Jan-22,2ALA - ASX Release 23-May-22

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Existing Gold Projects

SPLIT ROCKS GOLD PROJECT (100% OWNED)

3 km long target drill testing continues (32m @ 9.4 g/t Au and 18m@ 2.0 g/t Au)1

As reported in the ASX release of 18th January 2022

RED MOUNTAIN GOLD PROJECT (100% OWNED)

High-grade near surface gold & silver in Zenith's maiden drill campaign 2 - drilling continuing (13m @ 8.0 g/t Au incl 6m @ 16.7 g/t Au)

ASX release 3 Aug 20 & 13 Oct 2022

COWARRA GOLD PROJECT (INITIALLY EARNING 22.5%) Major gold option play seeking Fosterville style deposit (35m @ 2.3 g/t Au & 15m @ 4.2 g/t Au)3

ASX release 13th May 2021

1 drill rig

Planned Program for June 2022

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Disclaimer

Zenith Minerals Limited published this content on 13 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 June 2022 23:52:02 UTC.