Announcement PDF ASX: MVL Acquisition of Hanang Gold Project in Tanzania March 2025 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. 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”. 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. The information in this announcement that relates to exploration results is based on information compiled and reviewed by Mr Tim Strong, in his capacity as Executive Director of Marvel Gold Limited. Mr Strong is a Member of the IMMM and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (2012 JORC Code). Mr Strong consents to the inclusion in the report of the matters based upon the information in the form and context in which it appears. marvelgold.com.au MARVEL GOLD • ASX:MVL 2 Corporate Structure Major Shareholders (>5%) ASX Ticker MVL Conbrio Beteiligungen AG 13.31% Share Price (17 March 2025) $0.011 Capital DI Limited 11.86% Shares on Issue (Pre-acquisition) 863.8M Mr Josef El-Raghy & Assoc. 6.95% Options on Issue 15.1M1 Market Capitalisation $8.64M Board 0.05 0.04 0.03 Stephen Dennis – Non-Exec Chairman 0.02 Timothy Strong – Executive Director 0.01 Howard Golden – Non-Exec Director Steven Michael – Non-Exec Director MVL Share Price 1. Various exercise prices and expiry dates marvelgold.com.au MARVEL GOLD • ASX:MVL 3 Board & Management Timothy Strong – Executive Director Tim has over 16 years experience in mineral exploration with a focus on greenstone gold. He has held senior roles with a number of Australian companies including Resolute and Perseus Mining. Most recently Tim was the Managing Director of ASX listed Asara Resources (ASX: AS1), where he oversaw the divestment of non-core assets and the advancement of the Kada Gold Project in Guinea. Stephen Dennis – Non-Executive Chairman Stephen has been actively involved in the mining industry for over 30 years. He has held senior management positions at a number of Australian resources companies and was previously the Chief Executive Officer and Managing Director of CBH Resources Limited, the Australian subsidiary of Toho Zinc Co., Ltd of Japan. Steven Michael – Non-Executive Director Steven is a Chartered Accountant with over 30 years’ experience in the resources industry in senior executive leadership roles with ASX-listed mining and exploration companies as well as investment banking, corporate advisory, and equities research positions with several global investment banks. Howard Golden – Non-Executive Director Howard has over 40 years of experience in the mining industry, across six continents, having played a pivotal role in the discovery of the Syama, Oyu Tolgoi, Agbaou and West Musgrave ore deposits. Howard has held senior executive roles with major listed companies, including Nordgold, Rio Tinto, Kinross Gold Corporation, WMC Resources and BHP Minerals. Howard has a proven global track record of exploration success, leading multi-disciplined exploration programmes in different climates, conditions and regulatory regimes. marvelgold.com.au MARVEL GOLD • ASX:MVL 4 WHY TANZANIA? • Significant improvements in Tanzania exploration and mining regulations in recent years • Mining friendly government attracting companies such as Barrick Gold, Anglo Gold Ashanti and Perseus Mining • Africa’s 3rd largest gold producer with almost 2M ounces produced in 2024 • One of the fastest growing economies in Africa • Excellent infrastructure – high speed rail, good road network and port system • Strong local partnerships • 16% Government carried interest in the local mining company for new projects • Corporate tax rate 30%, Gold royalty 6%, plus clearing fee 1% Note marvelgold.com.au MARVEL GOLD • ASX:MVL 5 HANANG PROJECT BACKGROUND • Marvel to acquire 100% of Hanang Project comprising of 5 PLs • Previous exploration ceased due to changing political conditions and mining regulations • Regional scale, high-grade project within a highly prospective, underexplored greenstone belt • Over 50km of potential strike along a major mineralized corridor • Multiple high priority targets • On strike from world class, multimillion ounce gold mines in a proven mining jurisdiction Note Hanang Project Location marvelgold.com.au Prospective Greenstone Belts MARVEL GOLD • ASX:MVL 6 HANANG PROJECT ACQUISITION HIGHLIGHTS • Acquisition of 100% of the issued capital of Cobra Resources Limited (Private Tanzanian company) • US$200,000 (US$100k upfront and US$100k deferred in equal payments over 12 months). • The issue of Marvel shares to the value of A$175,0001 • Marvel will then own 100% of Cobra Resources, and five exploration permits (229.81km2) owned by Cobra Note 1. The issue price per share is equal to the volume weighted average price over 30 trading days prior to the business day immediately preceding SPA Completion. marvelgold.com.au MARVEL GOLD • ASX:MVL 7 HANANG PROJECT EXPLORATION HISTORY Large areas of licence never tested • Mapping, pitting and drilling has led to known areas of mineralization – Sophia, Boundary, Wandela West and Garuja have never been followed up • New York and Winston projects have been extensively worked by artisanal and professional explorers. • The Iramba-Sekenke Greenstone belt represents one of the least explored geological terrains in Tanzania New York Winston 50km+ strike on known mineralisation marvelgold.com.au MARVEL GOLD • ASX:MVL 8 HANANG PROJECT TECHNICAL OVERVIEW • Archean Banded Iron Formation (BIF)-hosted orogenic gold deposit in sedimentary sequence, typical of Archean gold-bearing terranes • Alteration comprises amphibole, garnet, chlorite, pyrrhotite. Significant quartz veining • Winston shares regional geological characteristics with other prominent BIFhosted gold deposits, such as Mt. Magnet (Australia) and Lupin (Canada), both vertically continuous, high-grade ore shoots within BIFs. Also local analogues like Geita and Nyanzaga in Tanzania marvelgold.com.au MARVEL GOLD • ASX:MVL 9 HANANG PROJECT PROPOSED WORK PROGRAMME SOIL GEOCHEMISTRY ON PREVIOUSLY COLLECTED SAMPLES • 72 Rock Chips • 3,432 Soil Samples • Collected as per JORC standards • Cover main areas of interest • MSALabs Photon Assay at Geita Mine, Samples in Mwanza Note marvelgold.com.au MARVEL GOLD • ASX:MVL 10 HANANG PROJECT PROPOSED WORK PROGRAMME AIRBORNE (DRONE) MAGNETICS • 4,000-line km of airborne magnetics • Will enable structural understanding of mineralization and mineralized splays • 2 months to complete – minimal team members needed marvelgold.com.au MARVEL GOLD • ASX:MVL Note 11 HANANG PROJECT PROPOSED WORK PROGRAMME RC DRILLING • RC drilling of Winston Extension • RC drilling of Boundary Zone • Circa 3,000m RC drilling planned Note marvelgold.com.au MARVEL GOLD • ASX:MVL 12 Suite 1, 130 Hay Street Telephone: +61 8 9200 4960 Subiaco WA 6008, Australia Email: info@marvelgold.com.au