Announcement PDF November 2025 AGM Presentation ASX:LDR TAS & NSW High Grade Silver & Antimony Projects Critical minerals for a sustainable future Montezuma Silver & Antimony Deposit - TAS DZS19: 2,196 g/t AgEq over 1m within 776 g/t AgEq over 9.9m Magwood Antimony Deposit - NSW MAG010: 19.61% Sb over 2.4m within 9.92% Sb over 4.8m Disclaimer The material in this presentation contains certain technical information, including regarding possible or assumed future performance or potential growth of mineral deposits. Such information is not a guarantee of future performance and involve unknown risks and uncertainties, as well as other factors, many of which are beyond the control of Lode Resources Limited (‘Lode’). Actual results and developments may differ materially from those expressed or implied by these forward-looking statements depending on a variety of factors. No representation or warranty, expressed or implied, is made or given by or on behalf of Lode, any of Lode’s directors, or any other person as to the accuracy or completeness or fairness of the information or opinions contained in this presentation and no responsibility or liability is accepted by any of them for such information or opinions or for any errors, omissions, misstatements, negligent or otherwise, or for any communication written or otherwise, contained or referred to in this presentation. Accordingly, neither Lode nor any of the Lode directors, officers, employees, advisers, associated persons or subsidiary undertakings shall be liable for any direct, indirect or consequential loss or damage suffered by any person as a result of relying upon the statement or as a result of any admission in, or any document supplied with, this presentation or by any future communications in connection with such documents and any such liabilities are expressly disclaimed. Nothing in this material should be construed as either an offer to sell or a solicitation of an offer to buy or sell securities. Competent Person’s Statement The information in this market announcement that relates to exploration results is based on information compiled by Mr Jason Beckton, who is a Member of the Australian Institute of Geoscientists. The information in this market announcement is an accurate representation of the available data. Mr Beckton, who is Non-Executive Director at Lode, has sufficient experience which is relevant to the styles of mineralisation and types of deposits 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’. Mr Beckton has a beneficial interest as a shareholder and option holder of Lode and consents to the inclusion in this announcement of the matters based on the information in the form and context in which it appears. Equivalent Grades Used for Montezuma Silver & Antimony Project 1&2 1 LDR is reporting both Silver & Antimony equivalent grade figures due to interchanging dominance of these two metals from intercept to intercept. Metal equivalent grade figures are a method of demonstrating overall metal endowment for all significant metals’ grades in a single grade figure for each intercept and thus allowing a simpler comparison between intercepts. Montezuma’s reported Silver & Antimony equivalent figures are based on conversion factors as follows: SbEq(%) = Sb(%) + 0.00281*Ag(g/t) + 0.056*Pb(%) + 0.29*Cu(%) and AgEq(g/t) = Ag(g/t) + 355*Sb(%) + 20*Pb(%) + 101*Cu(%). Metal equivalent conversion factors were calculated using 30 December 2024 metal prices of US$34,747/t antimony, US$29.1/oz silver, US$1,912/t lead and US$8,705/t copper. The antimony price was calculated as an average of several antimony products in a number of markets. Metal equivalent conversion factors were calculated using a preliminary flotation test carried out by ALS Metallurgy (Burnie) in September 2019, where recoveries achieved were 74.5% antimony, 77.9% silver, 75.8% lead and 84.8% copper. It is Lode’s opinion that all the elements included in the metal equivalents calculation have a reasonable potential to be recovered and sold. 2 Tin and Gold assay figures are not included in equivalent figures as gold was not assayed in an early flotation test. Lode Resources Ltd | October 2025 2 Most recent reference documents used in this presentation LDR announcement 8 November 2022 titled “1,899 g/t Silver Eq Intercepted at Copy Cat Lode Discovery“ LDR announcement 17 January 2023 titled “54m Highgrade SilverEq Intercept” LDR announcement 1 February 2023 titled “Outstanding High-Grade DrillIntercept” LDR announcement 27 February 2023 titled “Diamond Drilling Program Recommences at Webbs Consol” LDR announcement 18 May 2023 titled “High-Grade DrillIntercepts at Webbs Consol” LDR announcement 13 June 2023 titled “High-Grade Mineralisation Extended to 280m Vertical Depth” LDR announcement 6 July 2023 titled “New Targets Defined at WebbsConsol Silver Project ” LDR announcement 18 July 2023 titled “CSIRO Collaboration Study” LDR announcement 10 August 2023 titled “Webbs Consol Silver Project Exploration Update” LDR announcement 9 October 2023 titled “High-Grade DrillIntercepts At Webbs Consol SilverProject” LDR announcement 16 October 2023 titled “Significant DrillTarget Defined at WCSilverProject” LDR announcement 22 November 2023 titled “DrillingCommences On Large Surface Silver Anomaly” LDR announcement 19 February 2024 titled “Drillingat Webbs Consol North Delivers SolidSilver-Zinc Intercepts” LDR announcement 12 March 2024 titled “Significant Auger DrillProgram Completed At Uralla Gold Project” LDR announcement 9 April 2024 titled “CSIRO Research Enhances Upside at Webbs Consol SilverProject” LDR announcement 8 May 2024 titled “Augur Drilling Defines Multiple Targets at Uralla Gold Project” LDR announcement 22 July 2024 titled “Silver Drilling to Resume at Webbs Consol” LDR announcement 26 August 2024 titled “Lode Secures Strategic Antimony Prospects” LDR announcement 23 October 2024 titled “Advanced High-Grade Antimony & SilverProject Acquisition” LDR announcement 29 November 2024 titled “Acquisition of Montezuma Antimony Project Completed” LDR announcement 9 December 2024 titled “Montezuma Antimony Project Development Activities Commence” LDR announcement 11 December 2024 titled “Castlereagh Delivers Outstanding SilverIntercepts” LDR announcement 21 January 2025 titled “Montezuma Antimony Project Inaugural High-Grade Assays” LDR announcement 3 February 2025 titled “High-Grade Antimony and Silver DrillIntercepts” LDR announcement 25 February 2025 titled “Up to 31.9% Antimony and 5,460 g/t silver” LDR announcement 10 April 2025 titled “Extensive Drill Programme Underway at Montezuma AntimonyProject” LDR announcement 30 April 2025 titled “Quarterly Activities Reports for the Period Ended 31 March 2025” LDR announcement 1 July 2025 titled “Multiple High-Grade Antimony and Silver DrillIntercepts” LDR announcement 14 July 2025 titled “Gold Assays Enhance High-Grade Antimony and Silver DrillIntercepts” LDR announcement 21 July 2025 titled “Tin Assays Enhance High-Grade Antimony and Silver DrillIntercepts” LDR announcement 18 August 2025 titled “More High-Grade Antimony and Silver DrillIntercepts” LDR announcement 1 September 2025 titled “Lode Divests Webbs Consol Silver Project” LDR announcement 1 September 2025 titled “Grades up to 2,730 g/t SilverEq and Deepest Intercept To Date” LDR announcement 29 September 2025 titled “WebbsConsol Divestment” LDR announcement 30 September 2025 titled “Montezuma Regional High-Grade Silver & Antimony Assays ” LDR announcement 17 October 2025 titled “31.1% Antimony Intercepted in Inaugural Drilling at Magwood NSW” LDR announcement 11 November 2025 titled “Further High-Grade DrillResults Extend The Montezuma Silver & Antimony Deposit” Montezuma Cautionary Statement Note grab sampling is selective in nature with resultant assay grades considered to be qualitative rather than quantitative and not necessarily representative of underlying mineralisation which may actually be lower or higher in grade. No Material Changes The Company confirms it is not aware of any new information or data that materially affects the information in this presentation and, in the case of estimates of mineral resources or ore reserves, that all material assumptions and technical parameters underpinning the estimates in this presentation continue to apply and have not materially changed. Disclaimer, Competent Person’s Statement, etc. Montezuma Silver & Antimony Deposit - massive stibnite & jamesonite lode mineralisation. Assay of trench grab sample SGD+25 returned 24.5% Sb and 501g/t Ag Lode Resources Ltd | October 2025 3 Corporate Snapshot Share Price (A$/sh) Corporate Structure Share Price (27/11/25) $0.18 Shares on Issue 161.8m Market Capitalisation (at $0.18/share) $29.1m Cash (Sept Qtr 2025) $1.6m Proforma cash after 24th November $4.5m Divestment of Webbs Consol, ~$10M equity value for LDR shareholders – completion expected late Nov 2025 • Cash from asset sale: $3.75m • 115m RCM shares: $6.2m at 5.4cps • 2.0% NSR royalty in Webbs Consol Silver deposit in addition to existing 2.0% NSR royalty Webbs Silver deposit Major Shareholders Andrew Van Heyst (LDR Executive Chair) 11.4% Ted Leschke (LDR Managing Director) 11.1% SG Hiscock & Company 7.4% Technical Investing 4.0% 25% Directors & management 75% Free Float 1 Top 100 shareholders own 86% *1m options, Dec 25 expiry, 24c strike. 1m options, Dec 27 expiry, 15c strike. Lode Resources Ltd | October 2025 4 Directors & Management 1 Andrew Van Heyst Executive Chairman With more than 30 years’ experience in Institutional Equities and Advisory. Andrew has worked at Merrill Lynch in New York as Head of Australian Sales and for ABN AMRO as Head of Australian Sales and Head of Americas Client Account Management for Global Equity product. In 2005 Andrew moved back to Australia joining Shaw and Partners as a Corporate Advisor focussing on Small Cap resources and was recently Executive Director at Bridge Street Capital Partners. Ted has more than 30 years’ experience in the resources industry including MD of ASX listed companies that have been advance from start-up to project development and stock market listing. Covering areas such as project identification, acquisition and generation, geological mapping, exploration drilling, local community and government liaison, financial management, strategy, fund raisings, ASX listing and statutory reporting. Previously he worked as a resources analyst in stockbroking and funds management as well as a geologist in the mining industry. Keith has over 30 years’ experience in the resources sector in exploration, business development, operational and financial roles with major mining companies including North Ltd, Newmont, Rio Tinto and Oxiana in Australia, Europe, Middle East and Africa. Keith was formerly COO at ASX listed KGL Resources that is undertaking exploration and development of the large Jervois copper/silver/gold project in central Australia and COO at Altura Mining Ltd where he discovered the world class Pilgangoora lithium deposit. With more than 30 years’ of geological corporate experience in Australia, Europe, the Americas and Asia. Jason was Project Manager for Bolnisi Gold NL’s Palmarejo silver/gold project in Mexico where he managed a program defining 3.1moz AuEq. Holds BSc (Hons) Melbourne and a Masters of Economic Geology from the University of Tasmania. Currently Managing Director of Prospech Ltd (ASX:PRS), Cipango Japan (Unlisted) and Advisor to Uvre Ltd (UVA:ASX). Ted Leschke Managing Director Keith Mayes Non-Exec Director Jason Beckton Non-Exec Director A mining executive with more than 30 years’ experience spanning exploration, mine development, operations, and corporate leadership roles across Australia and Southeast Asia. He holds a Bachelor of Mining Engineering from the University of South Australia and is a Member of the Australasian Institute of Mining and Metallurgy (MAusIMM). Simon was most recently the Chief Executive Officer of Atlantic Tin Ltd, until the recent takeover of Atlantic Tin. Prior to that he was the Chief Executive Officer of Merdeka Copper Gold Tbk (IDX: MDKA), one of Indonesia’s leading listed mining companies. During his tenure at Merdeka, he led the company through a period of substantial growth and value creation in gold, copper and nickel projects. Simon Milroy Non-Exec Director Lode Resources Ltd | October 2025 6 Overview Executive Summary 2 Montezuma Silver & Antimony Deposit – representative bulk sampling assays from exploration drive returned 9.02% Sb and 769g/t Ag Focus on high-grade Silver & Antimony assets – Montezuma Silver & Antimony Project together with the historic Magwood antimony mine forms a formidable antimony portfolio. Both assets are high grade and open mineralisation Montezuma Silver & Antimony Project (TAS) – 50-to-60-hole drilling programme (8,000m to 10,000m) in progress, quantifying and extending the Montezuma deposit, both down dip and along strike. Intention to establish MRE, complete metallurgy and develop an initial pilot production ahead of full-scale production. Beneficiation infrastructure (including tailings storage footprint) located with 15km of Montezuma provides material operational flexibility and a capital efficient pathway to progressing the asset. Significant intercepts include: 12.02% Sb, 1,677 g/t Ag, 1.16 g/t Au over 2.6m (MZSFW5) 12.00% Sb, 1,030 g/t Ag, 2.37 g/t Au over 2.0m (MZSFW3) Within: 5.02% Sb, 738 g/t Ag, 0.70 g/t Au over 8.6m (MZSFW5) 2.98% Sb, 263 g/t Ag, 0.71 g/t Au over 10.5m in (MZSFW3) All drilling to date has intercepted significantly mineralised intercepts and the mineralised structures remain open in all directions. Magwood Antimony Project (NSW) – Lode has completed an inaugural drilling programme. The Magwood mine was in production mainly between 1941 and 1970 with recorded yearly production grades ranging from 4% to 62% Sb and was Australia’s primary antimony producer at the time. Drilling intercepts of up to 31% Antimony. Remains open and follow-up drilling planned Divestment of Webbs Consol, generating equity value of near $10m – Upon completion, LDR will receive A$3m in cash proceeds and 115m shares in Rapid Critical Metals (RCM.ASX) ($6.2M value as of 11 Nov $0.054) as well as A$0.75m cash 12 months after completion and a 2% NSR royalty on Webbs Consol. Board and Management - highly experienced in exploration and equity markets Lode Resources Ltd | October 2025 7 Development Strategy & Next Steps at Montezuma Executive Summary 2 Quarter 4Q CY25 1Q CY26 2Q CY26 3Q CY26 4Q CY26 Complete current 10,000m drilling programme Establish inaugural Mineral Resource Estimate (MRE) Expand MRE through deeper drilling Complete ore sorting tests Complete comprehensive flotation tests – silver & antimony concentrate feedstock for smelters and/or leach circuit Complete leaching tests - high-grade antimony sulphide feedstock for smelters Ramp up regional exploration – new exploration leases add 159 sqkm, Multiple additional targets are being defined using Montezuma model Engage potential off-take – multiple enquiries received from global metal traders, government agencies, corporates, etc, with various offers of funding Complete Pre-Feasibility Study Lode Resources Ltd | October 2025 8 Project Location Montezuma Silver & Antimony Project, Tasmania 3 Location overview ➢ Montezuma Silver & Antimony Project located in Tasmanian’s premier West Coast Mining Province ➢ Well-known Tasmanian mining centres surround Montezuma Silver & Antimony Project including Rosebury (Zn, Pb, Cu), Renison Bell (Sn), Henty (Au), Zeehan (Pb, Ag, Sn) and Mt Lyell (Cu) ➢ Montezuma Silver & Antimony Project's deposit (2M-2023, EL7-2019, EL2/2020) located 14km west of the Zeehan town ship using state highways and developed rock-based road tracks ➢ Montezuma Silver & Antimony Project's beneficiation infrastructure site located 15km to the northwest of the Zeehan township using state highways ➢ Ample local mining services, pro-mining culture and very supportive state government Lode Resources Ltd | October 2025 9 Project Highlights Montezuma Silver & Antimony Project, Tasmania High-grade silver & antimony deposit ➢ Surface, exploration drive and drill intercepts sampling has demonstrated Montezuma lode to be a high-grade Silver & Antimony deposit. Lode is targeting a MRE (Mineral Resources Estimate) by year’s end ➢ Flotation testwork producing silver & antimony concentrate (feedstock for smelters and/or leach circuit) - well advanced Advanced metallurgical test work ➢ Leach test work has produced sodium pyroantimonate and antimony sulphides with high recoveries ➢ Both antimony concentrates and antimony sulphides are high- grade feedstock for smelters Significant mining equipment and beneficiation infrastructure ➢ Mining / exploration equipment and beneficiation infrastructure provides material operational flexibility and a capital efficient pathway to progressing Montezuma Strong exploration upside ➢ Multiphase base metal emplacement along common structures provides pathfinder for discovering silver & antimony deposits – especially where antimony wasn’t historically assayed ➢ 500m Sn soil anomaly defined by EZ indicated Montezuma’s potential. Surface mapping and sampling by Lode extended the Montezuma Sb-Ag deposit along strike ➢ A 50-to-60-hole drilling programme (8,000m to 10,000m) ongoing, defining and extending the Montezuma deposit, down dip and along strike ➢ Multiple additional targets are being defined using Montezuma model. EL2/2020 adds 88 sqkm’s, EL6/2025 adds 71 sqkm’s 1 2 3 Insert image Insert image Insert image 4 Saleable antimony product sodium pyroantimonate (Na4Sb2O7) produced during metallurgical test work 3 Lode Resources Ltd | October 2025 10 Building A New Critical Minerals Mining & Processing Industry Montezuma Silver & Antimony Project, Tasmania 3 Empty Tailings Dam Beneficiation Plant Footings Raw Water Dam Granville Processing Infrastructure Granville Existing Processing Infrastructure Components ➢ Existing plant footprint, tailings dam, water supply dam, high voltage transmission line, third party windfarm, etc, provide a capital efficient and pathway to progressing Montezuma. Brownfield site means lower environmental impact ➢ Ample local mining services, skilled workforce, pro-mining culture and very supportive state and local government ➢ Potential to supply antinomy products to Tasmania’s Hobart zinc smelter and South Australia’s Port Pirie lead smelter Montezuma Silver & Antimony Deposit Montezuma Silver & Antimony Deposit ➢ 8,000m to 10,000m drilling programme ongoing defining high-grade Montezuma silver & antimony deposit ➢ Initial resource to be based on 350m strike x 350m depth ➢ Additional 6,000m planned in drilling to potentially extend resource down to 350m ➢ Initial drilling testing up to 5 identified regional Silver & Antimony prospects (Montezuma lookalikes) is planned ➢ Multiple silver & antimony deposit exist in Tasmania's West Coast Mining District Preliminary Mine Design Lode Resources Ltd | October 2025 11 Initial Surface & Drill Sampling – Long Section Montezuma Silver & Antimony Project, Tasmania ? ? ? ? MZS01 4.80m @ 0.44% Sb 58 g/t Ag 0.28 g/t Au MZSFW6 3.80m @ 1.23% Sb 443 g/t Ag 1.23 g/t Au MZSFW3 10.50m @ 2.98% Sb 263 g/t Ag 0.71 g/t Au MZSFW2 8.00m @ 2.13% Sb 223 g/t Ag 0.72 g/t Au MZSFW8 5.00m @ 2.75% Sb 280 g/t Ag 1.12 g/t Au MZSFW5 8.60m @ 5.02% Sb 738 g/t Ag 0.70 g/t Au SGD+0: 6.01% Sb 446 g/t Ag 10.6% Pb SGD+5: 18.30% Sb 3,050g/t Ag 18.9% Pb SGD+40: 5.73% Sb 175 g/t Ag 11.00% Pb SGD+35: 4.36% Sb 124 g/t Ag 13.81% Pb g SGD+30: 16.90% Sb 640 g/t Ag 16.70% Pb SGD+25: 24.50% Sb 501 g/t Ag 39.08% Pb SGD+15: 17.2% Sb 399 g/t Ag 29.68% Pb SGD+10: 10.10% Sb 1,950 g/t Ag 14.00% Pb SGD+50: 5.12% Sb 986 g/t Ag 18.50% Pb SGD+45: 10.40% Sb 158 g/t Ag 17.5% Pb Open Open Modelled Montezuma Structure MZSFW7 7.00m @ 3.57% Sb 432 g/t Ag 1.03 g/t Au MZSFW1 9.50m @ 1.86% Sb 291 g/t Ag 0.38 g/t Au MZS04 7.90m @ 0.14% Sb 25 g/t Ag 0.31 g/t Au MZSFW4 9.00m @ 0.17% Sb 98 g/t Ag 0.52 g/t Au MZS03 4.80m @ 2.31% Sb 329 g/t Ag 0.48 g/t Au MZS02 3.00m @ 1.79% Sb 101 g/t Ag 0.51 g/t Au 3 Lode Resources Ltd | October 2025 12 Exploration Model & Current Drill Programme Montezuma Silver & Antimony Project, Tasmania SGD+5: 18.30% Sb, 3,050g/t Ag SGD+10: 10.10% Sb, 1,950 g/t Ag SGD+15: 17.2% Sb, 399 g/t Ag SGD+0: 6.01% Sb, 446 g/t Ag SGD+40: 5.73% Sb, 175 g/t Ag SGD+25: 24.50% Sb, 501 g/t Ag SGD+30: 16.90% Sb, 640 g/t Ag SGD+35: 4.36% Sb, 124 g/t Ag SGD+45: 10.40% Sb, 158 g/t Ag SGD+50: 5.12% Sb, 986 g/t Ag LT1: 1.8m @ 9.31% Sb, 306g/t Ag LT2: 2.20m @ 7.81% Sb, 804g/t Ag LT3: 2.0m @ 6.18% Sb, 301g/t Ag Surface Channel Sampling Development Face Sampling Modelled interception of Montezuma structure with surface Sample no. M004: 8.43% Sb, 109g/t Ag Sample no. R472: 3.90% Sb, 246g/t Ag Modelled interception of Montezuma structure with surface Sample no. R462: 31.9% Sb, 5,460 g/t Ag Sample no. R463: 23.8% Sb, 5,430 g/t Ag Sample no. R464: 16.6% Sb, 3,340 g/t Ag Sample no. R465: 13.3% Sb, 687 g/t Ag Strong Sn soil anomaly Peak value 1,360 ppm Current Drill Programme Underway 3 Lode Resources Ltd | October 2025 13 Current and Extension Drill Programme Montezuma Silver & Antimony Project, Tasmania ➢ 8,000m to 10,000m drilling programme ongoing defining Montezuma Silver & Antimony deposit ➢ Initial resource to be based on 350m strike x 350m depth ➢ Additional 6,000m in drilling to potentially extend resource down to 350m ➢ 25 drill hole drilled in current program resulting in 76 mineralised intercepts ➢ 19 intercepts >1000 AgEq g/t.m (25%) 34 intercepts >500 AgEq g/t.m (45%) 63 intercepts >100 AgEq g/t.m (83%) ➢ Numerous mineralised daughter structures add to bulk tonnage potential ➢ Individual assays up to 4,035 g/t AgEq (MZS11) ➢ Most highly endowed intercept to date in the current drill programme - 9.9m @ 776 g/t AgEq (MZS19) incl. 2.6m @ 1,981 g/t AgEq and 1.6m @ 2,491 g/t AgEq 3 Hanging Wall Lode Long Section Lode Resources Ltd | October 2025 14 Numerous High-Grade Silver & Antimony Intercepts Montezuma Silver & Antimony Project, Tasmania 3 Top 27 drill intercepts ranked by endowment. From To Interval SbEq1 AgEq1 Au2 Sn2 Endowment (m) (m) (m) (%) (g/t) (g/t) (%) (AgEq g/t.m) MZS19 100.60 110.50 9.90 2.18 776 0.63 0.90 7679 MZS13 51.80 61.00 9.20 2.27 806 1.33 0.77 7416 MZS11 98.80 102.30 3.50 4.27 1519 0.85 1.51 5315 MZS16 99.70 104.70 5.00 2.17 772 1.28 1.78 3860 MZS05 41.70 44.50 2.80 3.88 1378 0.90 0.08 3857 MZS25 135.50 144.00 8.50 0.86 306 0.33 0.10 2602 MZS20 125.80 134.70 8.90 0.80 285 0.44 0.12 2533 MZS10 76.90 78.50 1.60 4.39 1561 0.57 0.18 2498 MZS17 149.40 158.90 9.50 0.70 249 0.65 0.53 2361 MZS15 99.00 107.00 8.00 0.72 257 0.30 0.45 2058 MZS06 49.60 52.00 2.40 2.35 836 0.31 0.14 2005 MZS27 225.50 233.00 7.50 0.69 246 0.53 0.15 1841 MZS22 227.80 239.00 11.20 0.44 157 0.56 0.23 1763 MZS06 12.00 14.50 2.50 1.81 644 0.06 0.06 1609 MZS17 177.00 181.00 4.00 1.00 354 0.14 0.08 1415 MZS08 95.00 96.00 1.00 3.66 1301 0.40 1.96 1301 MZS12 56.00 57.00 1.00 3.07 1092 0.91 0.98 1092 MZS15 62.30 66.90 4.60 0.67 237 0.56 0.45 1089 MZS11 81.00 82.00 1.00 2.84 1010 0.17 0.08 1010 MZS12 124.00 127.30 3.30 0.85 301 1.52 1.27 993 MZS17 197.30 205.50 8.20 0.33 117 0.50 0.14 956 MZS28 67.50 73.00 5.50 0.48 169 0.13 0.07 931 MZS14 43.00 55.00 12.00 0.21 76 0.32 0.11 909 MZS13 160.70 163.80 3.10 0.81 289 0.58 0.97 896 MZS08 81.00 85.00 4.00 0.49 173 0.19 0.13 691 MZS08 251.00 252.00 1.00 1.90 675 0.35 0.13 675 MZS11 26.50 27.50 1.00 1.85 658 1.46 0.73 658 Hole Lode Resources Ltd | October 2025 15 District Exploration Delivering High-Grade Silver & Antimony Montezuma Silver & Antimony Project, Tasmania ➢ Grab samples from waste dumps at the Fahlore mine workings have returned high-grade silver, antimony and copper assays including: ▪ 2,480 g/t Ag, 2.35% Sb and 3.19% Cu ▪ 2,060 g/t Ag, 2.30% Sb and 3.12% Cu ▪ 1,610 g/t Ag, 1.01% Sb and 0.83% Cu ▪ 670 g/t Ag, 1.65% Sb and 3.73% Cu ▪ 631 g/t Ag, 1.27% Sb and 0.86% Cu ▪ 554 g/t Ag, 0.17% Sb and 1.29% Cu ▪ 466 g/t Ag, 0.52% Sb and 0.71% Cu ▪ 464 g/t Ag, 0.48% Sb and 0.66% Cu Fahlore mine workings Montezuma Silver & Antimony deposit with drilling in progress Blocks East mine workings Anomalous soils 1610 g/t Ag, 1.01% Sb, 0.83% Cu 215 g/t Ag, 0.25% Sb, 2.41% Cu 2,060 g/t Ag, 2.3% Sb, 3.12% Cu 2,480 g/t Ag, 2.35% Sb, 3.19% Cu 198 g/t Ag, 0.61% Sb, 0.48% Cu 464 g/t Ag, 0.48% Sb, 0.66% Cu 554 g/t Ag, 0.17% Sb, 1.29% Cu 466 g/t Ag, 0.52% Sb, 0.71% Cu 631 g/t Ag, 1.27% Sb, 0.86% Cu 670 g/t Ag, 1.65% Sb, 3.73% Cu Fahlore Mine Workings Fahlore Mine Workings Montezuma Silver & Antimony Deposit Drilling in Progress 3 Lode Resources Ltd | October 2025 16 Metallurgy Advancing Well Montezuma Silver & Antimony Project, Tasmania CUM PRODUCTS CUM WT Cu Cum Pb Cum Sb Cum Ag Dist Wt % % % % % % % ppm % T06 Pb Cl1 C1 218.0 21.8 1.53 91.5 34.5 82.3 19.9 78.4 2086 91.2 Pb Cl1 C2 267.9 26.8 1.27 93.1 30.8 90.3 18.2 88.5 1734 93.2 Pb Cl1 C3 288.7 28.8 1.18 93.6 29.1 92.0 17.3 90.7 1619 93.8 Pb Cl1 C4 302.7 30.2 1.13 93.91 28.0 92.8 16.7 91.7 1550 94.1 Pb Cl1 C5 310.5 31.0 1.11 94.13 27.4 93.2 16.4 92.2 1513 94.3 Pb Cl1 C6 315.7 31.5 1.09 94.21 27.0 93.4 16.2 92.5 1490 94.4 Pb Cl1 Tail 370.5 37.0 0.93 94.81 23.4 94.9 14.0 94.2 1279 95.1 FEED 1000.9 100.0 0.36 100.0 9.14 100.0 5.52 100.0 498 100.0 Flotation Testing ➢ Flotation testwork produces silver-antimony-lead concentrate feedstock for smelters and/or leach circuit ➢ Multiple flotation variables are tested – grind size, pH, reagents, float time ➢ Target minerals include jamesonite, boulangerite, tetrahedrite, lenaite ➢ Target metal recoveries: 90% Sb, 90% Pb, 90% g/t Ag ➢ Interim results are excellent ➢ Typical trade off betweem grade and recovery Rougher flotation - interim results Cleaner flotation - interim results 3 Lode Resources Ltd | October 2025 17 Multiple Antimony Prospects Lode’s EL9662 1,105 km2 Magwood Antimony Mine Hillgrove Antimony & Gold Mine Project Location – Large Strategic Tenement With Multiple Sb Prospects Magwood Antimony Project, NSW 4 NSW ` Lode Resources Ltd | October 2025 18 Hillgrove Sb/Au Mineralised Lodes − An Analog for Magwood Sb dominant +/- Au Au dominant +/- Sb Hillgrove 19,000 drill holes Magwood zero historic drill holes Magwood Antimony Project, NSW 4 Drill Target Drill Target Drill Target ? ? ? ? Source: LVR presentation 11 September 2024 Lode Resources Ltd | October 2025 19 Inaugural drill results Magwood Antimony Project, NSW 4 ➢ Drill core assay results of up to 31.1% Antimony have been received from inaugural drilling ➢ Drill intercept assays of Stibnite mineralisation include: ▪ 9.92% Sb over 4.8m in drill hole MAG010 incl. 19.61% Sb over 2.4m in drill hole MAG010 incl. 28.57% Sb over 1.3m in drill hole MAG010 ▪ 1.96% Sb over 3.0m in drill hole MAG010 incl. 16.60% Sb over 0.3m in drill hole MAG010 ▪ 2.20% Sb over 1.9m in drill hole MAG010 ▪ 19.20% Sb over 0.2m in drill hole MAG008 ▪ 1.28% Sb over 0.9m in drill hole MAG007 ➢ Combined intercepts of 5.19% Sb over 12.1m drill hole MAG010 ➢ Drill assays of stope fill with stibnite mineralisation include: ▪ 3.08% Sb recovered from a 12.4m void in drill hole MAG002 ▪ 2.66% Sb recovered from a 1.7m void in drill hole MAG010 ▪ 0.22% Sb recovered from a 7.9m void in drill hole MAG004 ➢ These drill assays indicate: ▪ The potential for significant unmined in situ antimony vein style mineralisation, located adjacent to existing workings, which were missed by historical miners due to a complete dearth of any drilling ▪ The potential for significant amounts of loose stope fill containing high grade stibnite mineralisation as ➢ Next steps: 1. Model historical workings for better drill targeting 2. Complete soil sampling along 2.5km structural strike 3. Identify other mineralised targets – gold mineralisation identified 300m north workings 4. Recommence drilling testing all targets above. MAG010 MAG006 MAG005 MAG004 MAG001 MAG003 MAG002 MAG008 MAG007 7.1m @ 0.04% Sb from 74.3m* 2.0m @ 0.17% Sb from 77.0m 0.2m @ 1.75% Sb from 79.5m 0.2m @ 19.20% Sb from 81.5m 1.0m @ 0.25% Sb from 81.5m 1.5m @ 0.86% Sb from 81.5m 12.4m @ 3.08% Sb from 85m* *Stope fill with stibnite mineralisation 0.7m @ 0.88% Sb from 74.3m 1.9m @ 2.20% Sb from 77.0m 1.7m @ 2.66% Sb from 79.5m* 4.8m @ 9.92% Sb from 81.5m incl. 2.4m @ 19.61% Sb from 82.0m incl. 1.3m @ 28.57% Sb from 82.0m 3.0m @ 1.96% Sb from 103.0m incl. 0.3m @ 16.60% Sb from 104.0m 0.5m @ 0.20% Sb from 107.2m Lode Resources Ltd | October 2025 20 ➢ The Uralla goldfield was one of the earlier goldfields discovered in NSW and a significant gold producer in the 1850’s. LDR’s holdings cover over 300 sqkm’s ➢ Uralla Granodiorite and other intrusives, which intrude Yarrowyck Granodiorite and Sandon Beds, are believed to be responsible for gold mineralisation in the Uralla Goldfield ➢ Characteristics of an Intrusive Related Gold System (IRGS) only been recently recognised. Tintina Gold Province of Alaska and Yukon is the best known example of a IRGS with >50Moz of Au defined over the last 15 years − See https://pubs.usgs.gov/sir/2007/5289/SIR2007-5289- A.pdf ➢ “Bonanza” Dyke, N-S Structure and Felsic dykes appear to be strong controlling features within the Uralla goldfield. Zonation of indicator metals Bi, As, Sb, Cu, Zn and Pb is a potential tool for vectoring towards larger targets ➢ Preliminary drill results show significant gold intercepts, highlighting the Project’s potential. Uralla Gold Project – Dominant Position In A Significant Goldfield Major N-S Structure “Bonanza” Dyke Main Area of Interest Hudsons Prospect Group LDR controls 302 sq kms McCrossins Prospect Group From To Interval Gold (m) (m) (m) (g/t) SGRDD002 15.0 41.0 26.0 2.80 Martin Shaft incl. 24.0 38.0 14.0 4.82 SGRD