ASX Announcement 20 July 2022

For personal use only

Alto Metals to present at the Noosa Mining Investor Conference

20 - 22 July 2022

Alto Metals (ASX:AME) is pleased to advise that Managing Director Matthew Bowles will deliver an updated corporate presentation at the Noosa Mining Investor Conference.

The Company invites shareholders and investors to view the Company's presentation live at 1:17pm AEST / 11:17am AWST on Wednesday 20 July 2022.

Event

Noosa Mining Investor Conference, Peppers Noosa Resort

Date

20 July 2022

Time

1:17pm AEST / 11:17am AWST

Presenter

Managing Director, Matthew Bowles

Investors can register online to view the presentation at the Noosa Mining conference website:

https://www.noosaminingconference.com.au/

This announcement has been approved for release to ASX by the Managing Director.

Matthew Bowles Managing Director & CEO Alto Metals Limited +61 8 9381 2808

Alto Metals Limited

Suite 9, 12-14 Thelma Street

admin@altometals.com.au

Issued Shares:

535m

@altometalsltd

West Perth, Western Australia 6005

www.altometals.com.au

Share Price:

$0.068

Altometalsltd

T: +61 8 9 381 2808

Market Capitalisation:

$36m

ASX: AME

Page | 1

ersonal use only

Rediscovering a high-grade gold field

635,000oz GOLD + GROWING

Sandstone Gold Project | Western Australia

Noosa Mining Conference | July 2022

www.altometals.com.au | ASX : AME

Important Notice

Summary Information

This presentation has been prepared by Alto Metals Limited (the "Company"). This Presentation contains summary information about the Company and its activities which is current at the date of this Presentation. The information in this Presentation is of a general nature and does not purport to be complete nor does it contain all the information which a prospective investor may require in evaluating a possible investment in the Company or that would be required in a prospectus or product disclosure statement prepared in accordance with the requirements of the Corporations Act.

The historical information in this Presentation is, or is based upon, information that has been released to the Australian Securities Exchange (ASX). This Presentation should be read in

c

njunction with the Company's other periodic and continuous disclosure announcements

l

dged with the ASX, which are available at www.asx.com.au

only

Not an offer

useThis Presentation is not an offer or an invitation to acquire Shares or any other financial products and is not a prospectus, product disclosure statement or other offering document und r Australian law (and will not be lodged with ASIC) or any other law. This Presentation is for information purposes only and is not an invitation or offer of securities for subscription, purchase or sale in any jurisdiction. It should not be considered as an inducement to make an invitation or offer with respect to the New Shares. No agreement to subscribe for securities in

the Company will be entered into on the basis of this Presentation. This Presentation is provided on the basis that to the maximum extent permitted by law, neither the Company nor its officers, shareholders, related bodies corporate, partners, affiliates, employees, representatives and advisers make any representation or warranty (express or implied) as to the accuracy, reliability, relevance or completeness of the material contained in the document and nothing contained in the document is, or may be relied upon as a promise, representation or warranty, whether as to

ersonalthe past or the future. The Company hereby excludes all warranties that can be excluded by law. The information in this document does not take into account the objectives, financial situation or p rticular needs of any person. Nothing contained in this document constitutes investment, leg l, tax or other advice.

Forward-looking statements

This document may contain certain forward-looking statements. Such statements are only predictions, based on certain assumptions and involve known and unknown risks, uncertainties and other factors, many of which are beyond the Company's control. Actual events or results may differ materially from the events or results expected or implied in any forward-looking statement. The inclusion of such statements should not be regarded as a representation, warranty or prediction with respect to the accuracy of the underlying assumptions or that any forward looking statements will be or are likely to be fulfilled. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this document (subject to legal disclosure requirements).

Mineral Resources

The references in this Presentation to Mineral Resource estimates for the Sandstone Gold Project were reported in accordance with Listing Rule 5.8 in the following announcements:

  1. "Sandstone Mineral Resource increases to 635,000oz gold" dated 23 March2022;
  2. Indomitable: announcement titled "Maiden Gold Resource at Indomitable & Vanguard Camps, Sandstone WA" dated 25 September 2018; and
  3. Ladybird: announcement titled "Alto increases Total Mineral Resource Estimate to 290,000oz, Sandstone Gold Project" dated 11 June 2019.

The Company confirms that it is not aware of any new information or data that materially affects the information included in the previous market announcement noted above and that all material assumptions and technical parameters underpinning the Mineral Resource estimates in the previous market announcements continue to apply and have not materially changed.

Exploration Results

The references in this Presentation to Exploration Results for the Sandstone Gold Project were reported in accordance with Listing Rule 5.7 in the following announcements:

  1. Jul-19,16 Mar-20, 2 Apr-20, 22 Apr-20, 27 May-20, 29 Sep-20, 2 Oct-20, 5 Feb-21, 8 Mar-21,
  1. Apr-21,13 May-21, 2 Jun-21, 1 Jul-21, 2 Aug-21, 19 Aug-21, 25 Aug-21, 9 Sep-21, 5 Oct-21,
  1. Oct-21,4 Nov-21, 8 Dec-21, 17 Dec-21, 31 Jan-22, 14 Feb-22, 27 Apr-22, 18 May-22, 28 Jun-22 and 14 Jul-22.

The Company confirms that it is not aware of any new information or data that materially affects the information included in the previous market announcements noted above.

2

Unlocking the value of an entire gold field

Sandstone Gold Project, Western Australia

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useersonal

1.

Strategic land position of +900km2, over the majority of the Sandstone Greenstone Belt,East Murchison, WA

Surrounded by multi-Moz gold deposits and producing mines

Mineral Resource 12.4Mt @ 1.6 g/t gold for 635,000 oz

  • Open pit gold resource within A$2,500/oz optimised pit-shelland over 90% of total ounces within 160m from surface.
  • Shallow resources are OPENat depth and along strike with numerous high-gradeintersections outside the resource
  • Excellent gold recoveries - up to 98%
  • EV/oz $57 per pit constrained resource ounce

Well funded with $5m to drive systematic exploration Drilling underway - 60,000m program planned for CY2022 Assays pending and NEXT resource estimate ~CYQ4 2022

Closing cash as at 31 Mar 22.

Sandstone Gold Project has produced over

1.3 Moz gold since the 1890's Very limited drilling below 100m depth

3

Corporate Overview

Well funded with a tightly held register

CAPITAL STRUCTURE

Proforma

SHARE PRICE1

$0.068

only

535 M

TOTAL SHARES ON ISSUE

MARKET CAP (undiluted)

$36 M

CASH2

$5 M

DEBT

NIL

ENTERPRISE VALUE

$31 M

use

6.5 M

MGT PERFORMANCE RIGHTS3

OPTIONS ON ISSUE4

7.5 M

EV / PIT CONSTRAINED RESOURCE OZ

$49/oz

SHARE PRICE PERFORMANCE

BOARD, & KEY MANAGEMENT

Richard Monti, Non-executive Chairman

Geologist, Corporate 30+ years exp.

Matthew Bowles, Managing Director

Corporate finance / resource exec. 25+ years exp.

Terry Wheeler, Non-executive Director

Minerals Chemist, Businessman 50+ years exp.

Dr Jingbin Wang, Non-executive Director

Geologist 25+ years exp.

ANALYST COVERAGE

TOTAL PROFORMA SHAREHOLDINGS

ersonal

1.

Share price based on closing price on 14 July 2022

2.

Closing cash at end of Mar 2022.

Mr T Wheeler

Windsong &

Related Parties

19%

Top 20 hold

Westgold

~65%

14%

Remaining

GS Group

11%

Shareholders

SinoTech

53%

3%

3.

6.5m Management Performance Rights - vesting upon 1Moz MRE milestone

4

4.

Unlisted management options, exercisable at $0.07 each exp Nov-2023 (7.5M).

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Disclaimer

Alto Metals 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 00:43:02 UTC.