Announcement PDF Corporate Presentation June 2022 ASX: MVL DISCLAIMER This presentation (Presentation) has been prepared by Marvel Gold Limited (Marvel). No party other than Marvel has authorised or caused the issue of this document, or takes responsibility for, or makes any statements, representations or undertakings in this Presentation. This Presentation does not constitute an offer, invitation or recommendation to subscribe for or purchase any securities and neither this Presentation nor anything contained in it shall form the basis of any contract or commitment. This Presentation contains summary information about Marvel and its activities, which is current as 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 Marvel that would be required in a prospectus or product disclosure statement prepared in accordance with the requirements of the Corporations Act 2001 (Cth). This Presentation should be read in conjunction with Marvel’s other disclosures and announcements lodged with the ASX, which are available at www.asx.com.au. This Presentation is not a prospectus, product disclosure statement or other offering document under Australian law (and will not be lodged with the Australian Securities and Investment Commission) or any other law. Tabakorole Mineral Resources Estimate In relation to the Mineral Resource Estimate for Tabakorole that was announced on 5 October 2021, Marvel confirms that it is not aware of any new information or data that materially affects the information included in that announcement and that all material assumptions underpinning the Tabakorole Mineral Resource Estimate in that announcement continue to apply and have not materially changed. Exploration Results The information in this Presentation that relates to exploration results at the Company’s gold projects in Mali references the applicable announcement. Marvel confirms that it is not aware of any new information or data that materially affects the information included in those announcements. This presentation includes certain “forward‐looking statements”. Forward‐looking statements and forward‐looking information are frequently characterised by words such as “plan,” “expect,” “project,” “intend,” “believe,” “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may”, “will” or “could” occur. All statements other than statements of historical fact included in this presentation are forward‐looking statements or constitute forward‐looking information. Although the Company believes the expectations expressed in such statements and information are based on reasonable assumptions, there can be no assurance that such information or statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such information. Important factors that could cause actual results to differ materially from those in forward‐looking statements include the market price of gold, exploitation and exploration successes, capital and operating costs, changes in project parameters as plans continue to be evaluated, continued availability of capital and financing and general economic, market or business conditions, as well as those factors disclosed in the Company’s filed documents. Accordingly, readers should not place undue reliance on “forward looking information”. There can be no assurance that the resources at the Tabakorole Gold Project can be economically exploited. This Presentation has been prepared in good faith, but no representation or warranty, express or implied, is made as to the fairness, accuracy, completeness, correctness, reliability or adequacy of any statements, estimates, opinions or other information, or to the reasonableness of any assumption or other statement, contained in the Presentation (any of which may change without notice). To the maximum extent permitted by law, Marvel and its professional advisers and their related bodies corporate, affiliates and each of their respective directors, officers, partners, employees, advisers and agents and any other person involved in the preparation of the Presentation disclaim all liability and responsibility (including, without limitation, any liability arising from fault or negligence) for any direct or indirect loss or damage which may arise or be suffered through use of or reliance on anything contained in, or omitted from, this Presentation. MARVEL GOLD • ASX:MVL 2 LARGE MINERAL RESOURCE WITH DEVELOPMENT POTENTIAL BUILDING A PIPELINE OF REGIONAL OPPORTUNITIES Large mineral resource Excellent metallurgy Expected low strip ratio +1Moz with incremental growth opportunities1 Average recoveries of 97% indicate simple processing route2 Mineralisation from surface, consistent thicknesses Extensive landholdings Expansive drill program Valuable graphite investment Strategic +800km2 landholding in prospective structural setting Systematic exploration completed – Yanfolila results pending 1. 2. 3. ASX announcement 5 October 2021. ASX announcement 27 January 2021. Based on the ASX closing price on 22 June 2022. 31% shareholding in Evolution Energy Minerals (ASX: EV1) valued at $15.5M3 MARVEL GOLD • ASX:MVL 3 MARVEL CORPORATE OVERVIEW SIGNIFICANT LISTED INVESTMENT, LOW GOLD ENTERPRISE VALUE MVL CAPITAL STRUCTURE Chris van Wijk Managing Director Mr. van Wijk is an experienced geologist who specialises in project evaluation and project generation. He has undertaken project evaluation for major mining companies including BHP, IAMGOLD, First Quantum Minerals and Fortescue Metals Group. Issued Capital 704M1 Options 59M Share Price (22/06/2022) $0.031 Market Capitalisation $21M Cash $4M Stephen Dennis Non-Executive Chairman EV1 investment (at $0.312) $15.5M Mr. Dennis has been actively involved in the mining industry for over 30 years. He has held senior management positions at MIM Holdings Ltd, Minara Resources Ltd and Brambles Australia Ltd. Enterprise Value $1.5M Andrew Pardey Non-Executive Director Mr. Pardey has over 30 years in the mining industry with experience in exploration, project development, construction and operations. Between February 2015 and December 2019, he was Chief Executive Officer of Centamin Plc which holds the Tier 1 Sukari Gold Mine. Currently Managing Director of Predictive Discovery Limited (ASX: PDI). 13.7% Delphi Group 13.7% $0.10 25.0 BPM Capital 4.3% $0.08 20.0 Board & Management 2.6% $0.06 15.0 $0.04 10.0 $0.02 5.0 Share Price Capital DI Ltd $22-Jun-21 1. 2. 22-Sep-21 22-Dec-21 As per ASX announcement on 27 August 2020, up to 20M shares are expected to be issued to Oklo Resources upon successful renewal of certain tenements. 8M shares have already been issued. ASX closing price 22 June 2022. 22-Mar-22 Volume (m) MAJOR SHAREHOLDERS Phil Hoskins Non-Executive Director Mr. Hoskins is a senior executive with broad finance and commercial experience across resources exploration, project development and production as well as large‐scale property developments. 22-Jun-22 MARVEL GOLD • ASX:MVL 4 VALUATION UPSIDE AS RESOURCE CONTINUES TO GROW TRADING AT A SIGNIFICANT DISCOUNT TO GOLD PEERS $103.3 EV / Resource Ounce (A$/Oz) 100 75 $55.3 50 $32.6 25 $1.5 0 Oklo Resources (ASX:OKU) Chesser Resources (ASX:CHZ) Cora Gold Marvel Gold (AIM:CORA) (ASX:MVL) See Appendix 3 for further information. MARVEL GOLD • ASX:MVL 5 PROJECT LOCATION STRATEGICALLY POSITIONED IN SOUTHERN MALI EXCELLENT PROJECT ACCESS 1. ASX announcement 5 October 2021. • Projects accessed via 170km sealed road from Bamako to Bougouni • Each project located ~60km from Bougouni on unsealed roads • Bougouni is a major regional centre with grid power and airstrip • All projects have demonstrated prospectivity as shown by historic artisanal workings • Significant landholding consolidated around Tabakorole, 1Moz resource1 provides excellent platform for regional exploration MARVEL GOLD • ASX:MVL 6 TABAKOROLE LOCATION LOCATED NEAR THE BANNIFIN SHEAR ZONE IN SOUTHERN MALI TABAKOROLE GEOLOGY • Large splay off the Bannifin Shear Zone (similar to the 7.5 Moz Morila mine) • Deposit hosted in volcaniclastic sediments and mafic rocks • Near‐deposit soil geochemistry completed – highlights several compelling targets within the Tabakorole structural corridor STRATEGIC CONSOLIDATION OF STRUCTURAL CORRIDOR 1. ASX announcement 5 October 2021. • MVL has acquired a significant landholding surrounding the 1Moz Tabakorole resource1 • No major companies within 50km radius • Region is underexplored – no systematic exploration since the 1990s MARVEL GOLD • ASX:MVL 7 TABAKOROLE EXPLORATION POTENTIAL STRATEGIC LANDHOLDING IN AN UNDEREXPLORED STRUCTURAL CORRIDOR A LARGE STRATEGIC LANDHOLDING • +800km2 acquired over 12 months via JVs / purchase • Discussions ongoing with licence holders in prospective, underexplored corridor PIPELINE OF OPPORTUNITIES • Multi‐element soil sample results for licences 5 and 8 received • Soil sample collection completed for licences 6, 7, 9 and 10 – results pending • Previously collected datasets highlight several compelling regional targets within the Tabakorole structural corridor MARVEL GOLD • ASX:MVL 8 2021 TABAKOROLE MINERAL RESOURCE PARALLEL LODES ENHANCE OPEN‐PIT MINING POTENTIAL SUBSTANTIAL BASELOAD • 1.025Moz and growing1 SHALLOW • 70% (715koz) within 150m of surface LOW STRIP RATIO EXPECTED • Mineralisation from surface, consistent thicknesses • New shallow, higher‐grade parallel zones discovered in Central and North‐West GROWTH OPPORTUNITIES • New parallel zones remain open – RC drilling program planned • Targeting new near‐deposit discoveries in 2021‐22 SYSTEMATIC EXPLORATION ONGOING 1. 2. ASX announcement 5 October 2021. Results shown in the image were reported in ASX announcements dated 18 February 2021, 2 March 2021, 18 March 2021, 23 March 2021, 1 June 2021, 8 July 2021, 16 August 2021, 1 September 2021 and 5 October 2021. MARVEL GOLD • ASX:MVL 9 TABAKOROLE NORTH-WEST PARALLEL ZONE REMAINS OPEN • Newly discovered zone potentially up to 800m long • RC drilling planned for later in 2022 – post rainy season ASX announcement 16 August 2021. MARVEL GOLD • ASX:MVL 10 TABAKOROLE 2021 JORC RESOURCE +1MOZ FROM SURFACE AND CONSISTENT ALONG STRIKE Category Indicated Inferred Total Tonnage (Mt) Au Grade (g/t) Au Metal (koz) Tonnage (Mt) Au Grade (g/t) Au Metal (koz) Tonnage (Mt) Au Grade (g/t) Au Metal (koz) Oxide 1.4 1.2 50 1.3 1.3 55 2.7 1.3 110 Fresh 7.8 Total 9.2 1.2 1.2 310 360 16.0 17.3 1.2 1.2 610 665 23.8 26.5 1.2 1.2 915 1,025 JORC RESOURCE GRADE-TONNAGE TABLE Total Cutoff ASX announcement 5 October 2021. Tonnage (Mt) Au Grade (g/t) Au Metal (koz) 0.3 41.8 0.9 1,245 0.4 36.6 1.0 1,185 0.5 31.4 1.1 1,110 0.6 26.5 1.2 1,025 0.7 22.2 1.3 935 0.8 18.4 1.4 845 0.9 15.1 1.6 755 1.0 12.7 1.7 680 MARVEL GOLD • ASX:MVL 11 EXCELLENT METALLURGY HIGH RECOVERIES FROM FRESH ROCK SAMPLES INDICATE SIMPLE PROCESSING • • • • • Bottle roll testwork on 4 fresh ore composite samples confirm non-refractory metallurgical characteristics Average gold recoveries range from an impressive 92.7% at 150 micron to 96.6% for 75 micron grind size Low reagent consumption points to low‐cost processing Future test programs to focus on comminution work and optimization of grind size vs reagent concentration De‐risked metallurgy provides confidence to aggressively pursue resource expansion ASX announcement 27 January 2021. GOLD SAMPLE ID GRIND SIZE (µm) CONSUMPTION LEACH RECOVERY (%) CALCULATED HEAD (g/t) RESIDUE (g/t) NaCN (kg/t) LIME (kg/t) COMP 1 75 96.05 1.14 0.05 0.24 0.33 COMP 2 75 97.36 1.14 0.03 0.42 0.41 COMP 3 75 96.24 1.20 0.05 0.29 0.54 COMP 4 75 96.66 1.95 0.07 0.28 0.26 AVERAGE 75 96.58 1.36 0.05 0.31 0.39 COMP 1 106 93.97 1.16 0.07 0.31 0.35 COMP 2 106 95.95 1.11 0.05 0.35 0.37 COMP 3 106 94.06 1.18 0.07 0.22 0.47 COMP 4 106 95.29 1.70 0.08 0.31 0.27 AVERAGE 106 94.82 1.29 0.07 0.30 0.37 COMP 1 150 92.47 1.33 0.10 0.29 0.34 COMP 2 150 94.36 1.15 0.07 0.31 0.35 COMP 3 150 91.59 1.19 0.10 0.25 0.48 COMP 4 150 92.28 1.81 0.14 0.31 0.27 AVERAGE 150 92.68 1.37 0.10 0.29 0.36 MARVEL GOLD • ASX:MVL 12 TABAKOROLE EXPLORATION POTENTIAL ACTIVELY CONSOLIDATING THE TABAKOROLE SPLAY REGIONAL GOLD MINERALISATION PROVIDES PROOF OF ENDOWMENT • T1 target includes 14m at 9.8 g/t gold1 • 2021 AC drilling hit 4m at 2.7 g/t gold2 (ending in mineralization) at Lone Wolf • Gold mineralization north of Astro trend at Garalo – Contango Holdings plc (LON: CGO) SOIL GEOCHEMISTRY 1. 2. 3. • Multi‐element analysis of Tabakorole pulps shows pathfinder anomalism in Arsenic (As), Tungsten (W) and Tellurium (Te) • Multiple near-deposit targets within the Tabakorole structural corridor exhibit the same signature3 ASX announcement 17 June 2020. ASX announcement 26 April 2022. The results shown in the image were reported in ASX announcements dated 17 June 2020, 8 July 2021 and 29 June 2021. MARVEL GOLD • ASX:MVL 13 TABAKOROLE EXPLORATION POTENTIAL EXCITING RESULTS AT LONE WOLF SHALLOW RC DRILLING SHOWS HIGH GRADE GOLD 1. 2. • Best Intercept of 14m at 4.9 g/t gold including 4m at 16.3g/t from 33m depth1 • This represents the best intercept by Marvel outside of the Tabakorole Resource • Mineralisation related to contacts with a granitic intrusive discernible as a discrete magnetic low • Magnetics and Aircore suggest potential strike of up to 400m • Follow‐up geophysics (Gradient Array IP) already underway ASX announcement 26 April 2022. The results shown in the image were reported in ASX announcements dated 17 June 2020, 29 June 2021, 8 July 2021 and 5 October 2021. MARVEL GOLD • ASX:MVL 14 TABAKOROLE EXPLORATION FIRST RESULTS FROM TARGET H INITIAL AIRCORE DRILLING SHOWS HIGH GRADE GOLD • Best Intercept at Target H of 7m at 2.1 g/t gold1 and ending in mineralization. • This intercept shows remarkable parallels with Lone Wolf where only one Aircore hole returned a significant intercept in Aircore drilling. • Aircore results show anomalism in Aircore drilling over a strike length of around 600m. • Follow‐up geophysics (Gradient Array IP) planned immediately after Lone Wolf 1. 2. ASX announcement 26 April 2022. The results shown in the image were reported in ASX announcements dated 17 June 2020, 29 June 2021, 8 July 2021 and 5 October 2021. MARVEL GOLD • ASX:MVL 15 TABAKOROLE EXPLORATION LARGE SCALE GEOPHYSICS COMPLETED 36km2 GRADIENT ARRAY IP SURVEY TO DEFINE TARGETS • Gradient Array IP is very effective at locating disseminated sulphides • Sulphides are known to be associated with mineralization at Tabakorole and at Lone Wolf • Historical trial IP surveys were effective at highlighting mineralization at Tabakorole • Gradient Array now being rolled out at scale to define targets • Survey already completed – results imminent 1. 2. ASX announcement 26 April 2022. The results shown in the image were reported in ASX announcements dated 17 June 2020, 29 June 2021, 8 July 2021 and 5 October 2021. MARVEL GOLD • ASX:MVL 16 KOLONDIEBA EXPLORATION EXCITING NEW RESULTS FROM AUGER DRILLING ALL TARGETS SHOW ANOMALOUS GOLD • Initial lines were spaced at 400m apart • Results included 10 holes reporting >1g/t Gold1 • These are significant results for Auger drilling and confirm a bedrock source of gold. • Eastern targets are interpreted extensions of known mineralization at Kalaka to the east • IP survey planned to cover 3 best targets with a view to directly targeting sulphides • Drilling expected to commence in November 2022 1. ASX announcements 16 May 2022 and 22 June 2022. MARVEL GOLD • ASX:MVL 17 YANFOLILA EXPLORATION AUGER DRILLING TO TEST SOIL TARGETS AUGER DRILLING TO TEST SOIL TARGETS • Several large shears known to traverse the property • Artisanal workers active in several areas • New zone of anomalism identified between Solona NW and Solona Main Zone • 2 auger drill rigs active on the licences • First results expected imminently 1. The results shown in the image were reported in ASX announcements dated 17 June 2020 and 22 May 2022. MARVEL GOLD • ASX:MVL 18 OUR CSR COMMITMENT PLANNED 2022 PROJECTS Marvel’s priority is to add value to the society and communities in which we operate Marvel believes that environmental stewardship and social responsibility is integral to the success of its business We strive to adhere to the best industry standards and governance 2021 MAJOR INITIATIVES 2022 INITIATIVES Two water installations including solar powered pumps, overhead tanks and multiple outlets providing clean water on demand Community health centre refurbishment and additional water installation are underway MARVEL GOLD • ASX:MVL 19 WHY MARVEL IS AN OUTSTANDING VALUE INVESTMENT TRADING AT A SIGNIFICANT DISCOUNT TO OUR PEERS Exposure to an emerging West African gold story and a world‐class graphite investment WEST AFRICAN GOLD 1 million ounces and growing1 Expansive exploration program ongoing – results to come WORLD-CLASS GRAPHITE $21M investment (31%)2 1. 2. ASX announcement 5 October 2021. Based on ASX closing price at 20 May 2022. MARVEL GOLD • ASX:MVL 20 APPENDICES APPENDIX 1: MARVEL’S 31% SHAREHOLDING IN EV1 BACKED BY LEADING ESG FUND, ARCH SRF FULLY PERMITTED FOR CONSTRUCTION Granted Mining Licence and Environmental Approvals ROBUST, DELIVERABLE DFS A$21M spent to date GLOBALLY SIGNIFICANT PRODUCT QUALITY Flake size + performance in value‐added applications VALUE-ADDED MARGINS THROUGH VERTICAL INTEGRATION Market IP & customer relationships create significant value‐add opportunity MULTI-DECADE MINE LIFE POTENTIAL 18‐year DFS, majority of strike remains undrilled Flake Size Price Premium 10% +32 21% +50 mesh 31% +50 mesh 27% +80 mesh Evolution Product Flake Size 6% +100 36% ‐100 mesh 1. For information on the Chilalo definitive feasibility study, see the Evolution prospectus and supplementary prospectus that was lodged with ASX on 12 November 2021. MARVEL GOLD • ASX:MVL 2222 APPENDIX 2 – MARVEL JOINT VENTURES SUMMARY OF TERMS JV Counterparty Altus Strategies Oklo Resources Projects Tabakorole (100km2), Npanyala, Sirakoroble Sud Tabakorole (200km2), Yanfolila and Kolondieba Stage 1 Drill 1,500m and publish JORC resource for 33% (completed) Stage 2 Drill 2,500m + US$300k other expenditure for 51% (completed) Stage 3 US$3M expenditure for 70% (completed) Earn up to 75% by spending up to US$5M on exploration Stage 4 Sole fund DFS for 80% Contribute or dilute Construction phase Construction phase Other obligations outstanding Stage payments for progressing to next stage ‐ A$150k cash payment to be made upon completion of restructure (done) ‐ 20M Marvel shares remain to be issued when licence renewals are granted (8M issued) Deferred consideration Nil 2 x 10M Marvel shares for various JORC resource hurdles are achieved Royalty Altus retain a 2.5% NSR, 1.5% of which can be repurchased 2% third‐party (non‐Oklo) royalty on Yanfolila and Kolondieba Date announced 20 Jan 2022 27 August 2020 Marvel hold an 80% JV interest and Oklo retain a 20% JV interest free carried to a Decision to Mine MARVEL GOLD • ASX:MVL 23 APPENDIX 3 DETAILED GOLD PEER COMPARISON ANALYSIS AND REFERENCES Chesser Oklo Resources Resources (ASX:CHZ) (ASX:OKU) Ticker CHZ Market cap (A$M) 22/06/2022 Cora Gold Marvel Gold (AIM:CORA) (ASX:MVL) OKU CORA MVL 47 73 34 21 Cash (31/03/2022) 3.9 3.8 7.6 4 Listed investments 0 0 0 15.5 Enterprise value (A$M) 43.1 69.2 26.4 1.5 Resource (M Oz Au) 0.78 0.67 0.81 1 EV / Resource Oz (A$) 55 103 33 2 % of Resource M&I 69% 79% 67% 35% Resource grade (g/t Au) 1.6 1.8 1.15 1.2 Senegal Mali Mali Mali 26th April 2022 ‐ Quarterly 28th April 2022 ‐ Quarterly 16 May 2022 ‐ 2021 Annual Report Report Report Company Name Country Source 1. 2. Marvel resource shown on 100% basis, current ownership is 70% in Q4, JV agreement provides for pathway to 100%. Source (unless otherwise stated): various announcements. Internal MARVEL GOLD • ASX:MVL 24 Level 1, Emerald House, 1202 Hay Street Telephone: +61 8 9200 4960 West Perth WA 6005 Australia Facsimile: +61 8 9200 4961 Email: info@marvelgold.com.au