onlyuseCopper and Gold Explorer

Positioned for Success ersonal

RIU Explorers Conference

February 2022

ASX:HMX

@HammerMetals

Disclaimer and Competent Persons Statement

Disclaimer

It confirms that it is not aware of any new information or data that materially affects the information included

in those announcements and all material assumptions and technical parameters underpinning the resource

only

This presentation by its nature contains summarised information. See Hammer's other periodic and

estimates with those announcements continue to apply and have not materially changed.

continuous disclosure announcements lodged with the Australian Securities Exchange, which are available at

The Minerals Resource Estimates shown for Mt Philp and Elaine were prepared and disclosed by previous

www.asx.com.au for more information.

owners refer to attached Mineral Resource Estimate Appendices

Within this presentation there may be certain forward- looking statements, opinions and estimates. These are

The information in this presentation that relates to Exploration Results or Mineral Resources is based on

based on assumptions and contingencies which are subject to change without notice and are not guarantees of

information compiled by Mark Whittle who is a fellow of the Australian Institute of Mining and Metallurgy

future performance. Hammer assumes no obligation to update such information. Recipients of this document

and an employee of Hammer Metals Limited. Mr Whittle has sufficient experience which is relevant to the

are cautioned to not place undue reliance on such forward-looking statements.

style of mineralisation under consideration to qualify as a Competent Person as defined in the 2012 Edition

To the extent permitted by law, Hammer and its officers, employees, related bodies corporate and agents

of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" (The

disclaim all liability, direct, indirect or consequential for any loss or damage suffered by a recipient or other

JORC Code). Mr Whittle consents to the inclusion in the presentation of the matters

based on their

persons arising out of, or in connection with, any use or reliance on this presentation or information.

information in the form and context in which it appears.

use

Competent Persons Statements

Mr Whittle has an interest in Hammer Metals Limited shares and options.

C rtain exploration drilling results relating to the Mount Isa Project were first disclosed under JORC code

The information in this report that relates to previous exploration results was prepared and first disclosed

2004 and have not been updated since to comply with the JORC Code 2012 on the basis that the information

under a pre-2012 edition of the JORC code.

has not materially changed.

The data has been compiled and validated. It is the opinion of Hammer Metals that the exploration data is

Resource Estimates

reliable. Nothing has come to the attention of Hammer Metals that causes it to question the accuracy or

Where the Company refers to Mineral Resource Estimates for the following projects:

reliability of the historic exploration results.

- the Kalman Deposit (refer ASX 27 Sept 2016);

In the case of the pre-2012 JORC Code exploration results, they have not been updated to comply with

- the Overlander North and South Deposit (refer ASX 26 Aug 2015); and

2012 JORC Code on the basis that the information has not materially changed since it was last reported.

ersonal

- the Jubilee Deposit (refer ASX 21 December 2018).

www.hammermetals.com.au

@ H a m m e r M e t a l s

2

Positioned in Two of the World's Great Metal Provinces

only1 use2 ersonal3

MOUNT ISA PROVINCE

4

One of the World's

Largest BaseMetal Provinces

Quality copper and gold exploration

Team that have made world

portfolio

class mineral discoveries

5

MT ISA

PROJECT

Building copper inventory

Dominant position in one of Australia's

>400kt of copper equivalent JORC

most prospective copper provinces

YANDAL GOLD

compliant resources

(~2,600sqkm)

PROJECT

6

Recent copper discoveries

Fully funded for upcoming exploration

in Queensland

programs

YANDAL GOLD PROVINCE

24M Oz of Gold Produced

Corporate Snapshot | ASX:HMX

BOARD AND MANAGEMENT WITH A TRACK RECORD OF SUCCESS

Russell Davis

+30 years resources experience

Chairman

Geologist with exploration and development experience

BSc (Hons) MBA, MAusIMM, AICD

Founding Director and NED of Gold Road Resources

Daniel Thomas

+20 years business development experience

only

815M $59M $8.0M

Shares on issue

Market Cap

Cash

ASX: HMX

At $0.073 (14 Feb 2022)

As at 31 Dec 2021

$48.7M

26.9 M

Nil

Enterprise Value

Unlisted Options

Debt

Av. Ex Price $0.043; brings in

As at 31 Dec 2021

additional $1.2m

Managing Director

Industrial Chemist with corporate development experience

BSc, MBA

Previously Business Development Manager Sandfire Resources

Ziggy Lubieniecki

+30 years resources experience

Geologist with exploration and mine management experience

Non-Executive Director

Credited with the discovery of Gruyere Gold Deposit (+6.5Moz)

BSc, MAIG

AMEC Prospector of the Year 2015

use

+20 years experience in Mergers and Acquisitions

David Church

Lawyer with international experience in corporate transactions

Non-Executive Director

Consultant providing general counsel and M&A services to

CAPITAL BREAKDOWN

13%

48%

Directors

Others

B.Comm, MA, CA

Regent Pacific Group

Mark Whittle

+30 years resources experience

Chief Operating Officer

Geologist with 10 years experience in the Mount Isa Region

BSc (Hons), MSc, FAusIMM, AICD

Previously Exploration Manager of Syndicated Metals Limited

Mark Pitts

+30 years corporate experience

Accountant with commercial, corporate finance and public

Company Secretary

practice experience in Australia and overseas.

B.Bus, FCA, GAICD

ersonal

Partner in corporate advisory firm, Endeavour Corporate

www.hammermetals.com.au

HMX TRADING

Volume

Closing Price

15

20.00

15.00

(c)

10

(mil.)

10.00

Price

5

5.00Volume

0

0.00

Mt Isa Projects

Queensland

Hammer is committed to increasing its inventory of >400,000 tonnes of copper equivalent metal (JORC 2012 Compliant Resource)

▪ Dual focused strategy to progress Hammer's aspirations of becoming a

Copper developer

only

▪

Discover additional copper and gold inventory near our existing JORC

resources

▪

Exploring standalone large scale Iron Oxide Copper Gold (IOCG)

deposits

use▪ Recent extensions to Kalman deposit plus multiple Cu/Au discoveries at Ajax, Lakeview, Neptune and Trafalgar (Mt Isa East JV)

▪ Joint Venture with major copper producer, Sumitomo Metal Mining ("SMM")

over ~290km2

area ($6m expenditure to earn 60%)

ersonal

▪

Dominant land holding (~2,600sqkm) in one of Australia's most exciting

copper explorations provinces

Deposit

Tonnes

CuEq

Cu

Au

Co

Mo

Re

Fe

Comment

Mt

%

%

g/t

%

%

g/t

%

Kalman

20.0

1.80

0.61

0.34

-

0.14

3.7

-

0.75% Cu Eq cut-off

Jubilee

1.4

-

1.41

0.62

-

-

-

-

0.5% Cu cut-off

(51% HMX)

Elaine

9.3

0.95

0.82

0.19

-

-

-

- 0.7% Cu Eq cut-off

Ove lander

1.8

-

1.20

-

0.05

-

-

-

0.7% Cu cut-off

Mount Philp

30.5

-

-

-

-

-

-

39

Highly prospective ~2,600km2 tenement holding

5

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Hammer Metals Limited published this content on 15 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 February 2022 03:16:05 UTC.