Lion Rock Minerals (LRM) Investor presentation summary

Project overview and discovery

• Major new rutile province discovered in central Cameroon, covering ~8,800 km² with >3,500 km² under active exploration.

• District-scale mineralisation confirmed, with a 55 x 35 km footprint at Minta and 12 x 12 km at Minta Est.

• Every reported drill hole to date has intersected mineralisation, with consistent grades from surface to end of hole.

• Discovery hole returned 4m at 1.05% in-situ rutile, with other intercepts up to 8.5% heavy minerals (HM).

• Oversize rutile mineralisation (>1mm) unique to Minta, with potential to significantly increase overall rutile grades.

Market context and opportunity

• Rutile is the most valuable titanium feedstock, commanding prices 4–6x higher than ilmenite.

• Global rutile supply is scarce, accounting for only ~5% of titanium feedstock, with few new discoveries in 50+ years.

• Titanium demand is forecast to grow strongly, driven by aerospace, robotics, and advanced manufacturing.

• Minta’s rutile-dominant sands (60–70% rutile in HM) are rare and highly valued.

Exploration and development progress

• Over 316 drill holes completed in Phase 1, with Phase 2 underway targeting key mineralised zones across a 130 x 80 km area.

• Systematic, low-cost exploration using hand auger and push-tube drilling enables rapid coverage of vast areas.

• Results pending for majority of holes; ongoing assays will define resource scale and grade, including oversize mineralisation.

• Next steps include defining an exploration target, infill drilling, and a maiden mineral resource estimate.