RRS GOLD COAST ASX:GCY PRESENTATION JUNE 22

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Leveraging the strength of our people, assets and exploration potential

CAUTIONARY NOTICE AND DISCLAIMER

This presentation is dated 7 June 2022 and has been prepared by Gascoyne Resources Limited ACN 139 522 900 (Gascoyne or the Company). The information in this presentation remains subject to change without notice. The information in this presentation is of a general nature and does not purport to be complete, is provided solely for information purposes and should not be relied upon by the recipient. All financial information in this presentation is in Australian Dollars ($ or AUD) unless otherwise stated

This presentation is not, and does not constitute, or form any part of, an offer to sell or issue, or the solicitation, invitation or recommendation to purchase any securities.

No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. This presentation does not purport to summarise all information that a recipient should consider when making an investment decision and should not form the basis of any decision by a recipient.

Recipients should carry out their own investigations and analysis of Gascoyne and verify the accuracy, reliability and completeness of the information contained in this presentation or any other form of communication to which the recipient is permitted access while evaluating an investment in Gascoyne.

Financial information

only

The pro forma financial information provided in this presentation is for illustrative purposes only and does not represent a forecast or expectation as to Gascoyne's future financial

condition or performance. It does not include all the presentation and disclosures, statements or comparative information as required by the Australian Accounting Standards or

other mandatory professional reporting requirements applicable to general purpose financial reports prepared in accordance with the Corporations Act.

C rtain figures, amounts, percentages, estimates, calculations of value and fractions provided in this presentation are subject to the effect of rounding. Accordingly, the actual

calculation of these figures may differ from the figures set out in this presentation.

Past & Future performance

Past performance information given in this presentation is given for illustrative purposes only and should not be relied upon as an indication of future performance.

use

This presentation contains certain "forward-looking statements". The words "expect", "anticipate", "likely", "estimate", "intend", "believe", "guidance", "should", "could", "may", "will",

"forecast", "predict", "plan", "target" and other similar expressions that involve risks and uncertainties are intended to identify forward-looking statements. Indications of, and

guidance on, future earnings and financial position and performance are also forward-looking statements. Forward-looking statements, opinions and estimates provided in this

presentation are based on assumptions and contingencies which are subject to change without notice and involve known and unknown risks and certainties and other factors which

are beyond the control of Gascoyne, its directors and management.

You are strongly cautioned not to place undue reliance on forward-looking statements, particularly in light of the current economic climate. Forward-lookingstatements

are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. Actual results, performance or achievements may differ

materially from those expressed or implied in such statements and any projections and assumption on which these statements are based.

Except as required by law or regulation, none of Gascoyne, its representatives or advisers assumes any obligation to update these forward-looking statements. No representation or

warranty, express or implied, is made as to the accuracy, likelihood of achievement or reasonableness of any forecasts, prospects, returns or statements in relation to future matters

contained in this presentation.

This presentation has been authorised for release by the Board of Gascoyne Resources Limited.

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STRATEGIC FOCUS

only

FOCUS

Identify risks

Empower people

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Support and fund

Execute, repeat, grow

MAXIMISE

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Increase mine life

Near-mine drilling Near-mine resources Organic growth

OPTIMISED BUSINESS PLAN

  • Increase mine life
  • Manage costs
  • Streamline processes
  • Maximise outputs

GROW

  • In-mineopportunities
  • Extension drilling
  • Satellite opportunities
  • Regional resources

FOCUS

  • Cashflow
  • Debt-free
  • Support growth plans
  • Discretionary hedging

OPTIMISE

  • +2.5Mtpa process plant
  • Strategic asset
  • $14/t cash processing cost
  • Central processing facility

ACTIVE BOARD

Highly experienced in the Australian gold sector, finance and mining industry

only

ASX:GCY

CORPORATE STRUCTURE1

Shares on Issue

426M

Share price

A$0.260

Market Cap

A$111M

Cash2

A$31.2M

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Nil

Corporate Debt2

Net Cash2

A$31.2M

Hedge Book Value

Nil

Enterprise Value

A$80M

MAJOR SHAREHOLDERS

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17.3%

Deutsche Balaton / Delphi / Sparta

NRW Holdings

8.7%

First Sentier

6.7%

1. Information as at 6 June 2022

2. Cash and Corporate Debt as at 31 March 2022

BOARD

Appointed MD of Gascoyne - November 2021

Geologist (MSc, MAusIMM) - 16-year career in the gold

Simon

industry including 6 years "starting up" Northern Star

Resources

Lawson

Former Managing Director of Firefly Resources until

Managing Director/ CEO

merger with Gascoyne

Board positions with Firetail Resources and Labyrinth

Resources

Mining Engineer

Most recently Managing Director of Excelsior Gold

Rowan Johnston

Limited

Previous Acting CEO for Mutiny Gold prior to its takeover

Non-Executive Chairman

by Doray Minerals, and previous Executive Director of

Integra Mining

Non-Executive Director of Wiluna Mining

Seasoned finance professional holding an MBA from

Hansjoerg

University of Bamberg, with experience in structured debt

finance and ECM

Plaggemars

Over 14 years experience as a CFO in various industries

Non-Executive Director

Non-Executive Director of a number of ASX-listed

companies, including Wiluna Mining and Kin Mining

Previously CFO of Gascoyne, promoted November 2021

David Coyne

30-year career in resources and engineering &

construction in Australia and internationally, focusing on

Finance

commercial and finance

Director

Previous ASX-listed board positions include Executive

Director of Peninsula Energy and Non-Executive Director

of BC Iron

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Leveraging our assets to unlock value for shareholders

FOCUS - OPTIMISE - MAXIMISE - GROW

only"A clear focus on delivering consistent margins from our low-cost +2.5Mtpa processing plant, with grade and growth upside to come from

ur invigorated near-mine exploration and regional resourcing strategy." useersonal

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Gascoyne Resources Ltd. published this content on 08 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 June 2022 04:11:08 UTC.