onlyPositioned for Growth & Success

useCopper-gold exploration in the world-class Mt Isa district, North Queensland

Resources Rising Stars Conference

ersonalDan Thomas, Managing Director

7-8 June 2022

ASX: HMX

@HammerMetals

Disclaimer and Competent Persons Statement

The announcement of

this presentation on the ASX platform has been

authorized

by Daniel Thomas,

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

Managing Director, Hammer Metals Limited

only

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

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

Disclaimer

owners refer to attached Mineral Resource Estimate Appendices

This presentation by

its nature contains summarised information. See

Hammer's

other periodic

and

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

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

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

www.asx.com.au for more information.

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

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

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

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

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

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

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

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

information in the form and context in which it appears.

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

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

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

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

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

under a pre-2012 edition of the JORC code.

Competent Persons Statements

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

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

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

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

reliability of the historic exploration results.

usehas not materially changed.

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

Resource Estimates

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

ersonal

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

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

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

- 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

MOUNT ISA PROVINCE

4

One of the world's

largest base metals provinces

Quality copper and gold exploration

Team that has made world

portfolio

class mineral discoveries

5

MT ISA

YANDAL GOLD

PROJECT

Building copper inventory:

Dominant position in Mt Isa - one of

PROJECT

>400kt of copper equivalent

Australia's most prospective copper

JORC Resources

provinces (~2,600sqkm)

ersonal3

Recent copper discoveries

in Mount Isa

6

Fully funded for upcoming exploration

programs

YANDAL GOLD PROVINCE

24Moz of gold produced

www.hammermetals.com.au

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

3

Corporate Snapshot | ASX:HMX

BOARD AND MANAGEMENT WITH A TRACK RECORD OF SUCCESS

815M

Shares on issue

ASX: HMX

$46M

$6.4M

Market Cap

Cash

At $0.057 (6 Jun 2022)

As at 31 Mar 2022

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

$40M

Enterprise Value

26.5 M

Unlisted Options

Av. Ex Price $0.043; brings in additional $1.2m

8M Perf. Rights

Nil

Debt

As at 31 Mar 2022

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

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

Previously Exploration Manager of Syndicated Metals

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

CAPITAL BREAKDOWN

13%

Directors

48%

Others

HMX Trading

Volume

Closing Price

14

25

12

20

10

Price (c)

8

15

Vol (m)

6

10

4

5

2

0

0

Mt Isa Projects

Queensland

Hammer is committed to increasing its inventory of >400,000 tonnes of copper equivalent metal*

▪ Dual-track strategy to become a copper developer:

▪

Discover additional copper and gold inventory near existing JORC

only▪

Resources

Explore standalone large-scaleIron Oxide Copper Gold (IOCG)

systems

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%)

▪ 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

Overlander

1.8

-

1.20

-

0.05

-

-

-

0.7% Cu cut-off

Mount Philp

30.5

-

-

-

-

-

-

39

ersonal

* (JORC 2012 Compliant Resource)

Highly prospective ~2,600km2 tenement holding

5

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Hammer Metals Limited published this content on 07 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 June 2022 01:01:08 UTC.