HK Ignite Investment Summit Presentation
Released
Released
Announcement PDF
HK Ignite Investment Summit – October 2026
A HIGH-IMPACT GOLD AND
LITHIUM PORTFOLIO
RAPIDLY ADVANCING PREMIUM PROJECTS
IN A PRIME LOCATION
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Competent Persons Statement
The exploration targets or conceptual exploration targets in this presentation or expressed
during the course of this presentation are subject to completion of the necessary feasibility
studies, permitting and execution of all necessary infrastructure agreements. In relation to any
statements pertaining to future exploration targets or conceptual exploration targets, the
nature of the exploration target means that the potential quantity and grade is conceptual in
nature. This presentation and information, opinions or conclusions expressed in the course of
this presentation should be read in conjunction with Future Battery Mineral’s other periodic
and continuous disclosure announcements lodged with the ASX, which will be available on
the Future Battery Minerals website.
The information in this report that relates to Exploration Results is based on information
compiled by Mr Robin Cox and represents an accurate representation of the available data.
Mr Cox (Member of the Australian Institute of Mining and Metallurgy) is the Company’s Chief
Geologist and has sufficient experience that is relevant to the style of mineralisation and type
of deposit under consideration and to the activity being undertaken to qualify as a Competent
Person as defined in the JORC Code 2012. Mr Cox consents to the disclosure of this
information in this report in the form and context in which it appears.
ASX Listing Rule Information
The Company confirms that it is not aware of any new information or data that materially affects the
information included in the original market announcements and, in the case of estimates of Mineral
Resources, that all material assumptions and technical parameters underpinning the estimates in the
original market announcements continue to apply and have not materially changed. The Company
confirms that the form and context in which the competent persons findings have not been materially
modified from the original announcement.
ASX announcement references
Kal East Project Update 13 October 2026
Coolgardie Project Update 6 October 2026
Lithium Mineralisation Extended Beyond Mineral Resource 10 September 2026
Miriam Tenure Consolidation Completed & Cleansing Notice 2 September 2026
DSO Study Fast-Tracks Kangaroo Hills Lithium Cash Flow 26 August 2026
Diamond Drilling Advances Kangaroo Hills Lithium Studies 19 August 2026
Drilling Unlocks Gold Prospects at Miriam and Burbanks East 11 August 2026
Lithium RC Drilling Commenced at Kangaroo Hills and Miriam 22 July 2026
Accelerating Coolgardie Lithium Activity 30 June 2026
New Lithium Drilling Extends Big Red and Potoroo 23 June 2026
Diamond Drilling Confirms Forrest Extensions 11 June 2026
Expansion of Coolgardie Tenure Completed & Cleansing Notice 18 May 2026
Coolgardie Lithium Project Update 5 May 2026
Continued Extension of Forrest at Depth and Along Strike 23 April 2026
Phase 4 RC Results Extend Forrest High Grade Gold at Depth 15 April 2026
Expanded Soil Sampling Defines New Northern Gold Targets at Miriam 9 April 2026
Randalls Gold Project Acquisition Completed & Cleansing Statement 7 April 2026
Further Consolidation of Eastern Goldfields 2 April 2026
Expansion of Coolgardie Gold & Lithium Project 16 March 2026
Coolgardie Project Agreement signed with Marlinyu Ghoorlie 24 February 2026
Further Consolidation of Gold Tenure at Miriam 6 February 2026
Mount Monger Acquisition Expands Kal East Gold Project 5 February 2026
Emerging Broad-Scale Gold Anomalism at Miriam 4 February 2026
Miriam Phase 3 Assays Expand the Gold System at Forrest 20 January 2026
New Prospective Gold Targets at Randalls North 13 January 2026
New Prospective Gold Targets Identified at Randalls South 15 December 2025
A$7.5M Placement to Accelerate Gold Exploration 11 December 2025
Expansion of Randalls Gold Project 2 December 2025
Miriam Phase 2 Assays Confirm Fertile Gold System at Canyon 24 November 2025
Extension and Multiple New Lodes Discovered at Forrest 10 November 2025
Gold Trends Confirmed from Historical Drilling at Randalls 3 November 2025
Option to Acquire Randalls Gold Project 22 October 2025
Single Metre Assays Enhance Gold Potential at Miriam 20 October 2025
Strong Regolith Gold Anomalism Identified at Canyon 15 September 2025
Thick, High-Grade Gold Intersected at Forrest 2 September 2025
Further Broad Gold Targets at Burbanks East 4 August 2025
Completion of Phase 1 Gold Drilling at Miriam 22 July 2025
Gold RC Drill Program Commences at Miriam 14 July 2025
Historical Shallow Drill Results at Burbanks East 1 July 2025
Soil Sampling Results Identify 1.75km Gold Anomaly at Miriam 25 June 2025
New Gold Targets Identified at Miriam 17 June 2025
FBM Expands Gold Tenure at Coolgardie 5 June 2025
Key Gold Prospects Identified at Miriam 27 May 2025
Acquisition of Miriam Including Gold and Base Metal Rights 19 May 2025
Key Gold Targets Identified at Kal North 26 March 2025
FBM Expands Coolgardie & Kal North Gold Potential Identified 22 January 2025
Completion of Nevada Lithium Project Sale for A$4M Cash 20 November 2024
Sale of Nevada Lithium Project 4 November 2024
New Geochemical Results Define Lithium Drill Targets at Miriam 30 October 2024
Exploration Advances at Miriam Lithium Project 2 October 2024
New Pegmatite Targets Identified at Miriam 15 August 2024
FBM Significantly Expands Footprint in the Goldfields 5 August 2024
Drilling Extends Big Red Pegmatite 9 July 2024
Big Red Extends and New Discovery at KHLP 15 May 2024
Key Target Generation Advancing at Miriam Lithium Project 23 April 2024
Acquisition of Miriam Lithium Project 25 March 2024
Northern Kangaroo Hills Drilling Set to Commence 5 March 2024
New Conservation Management Plan for KHLP Approved 28 February2024
Outstanding Metallurgical Results from Kangaroo Hills 5 February 2024
Final Assays from Phase 3 Drilling at Kangaroo Hills 30 January 2024
Further Resistivity Results Deliver New Targets at KHLP 18 December 2023
Nev Power joins as Non-Executive Director 21 November 2023
Shallow High-Grade Lithium Intercepts at Kangaroo Hills 16 November 2023
Kangaroo Hills High-Grade Lithium System Continues to Grow 17 October 2023
Resource Drilling Underway at Nevada Lithium Project 3 October 2023
Aggressive Lithium Exploration Programmes Continuing 21 September 2023
$7.6m Placement to Accelerate Lithium Exploration Drilling 15 September 2023
Further Spodumene Bearing Pegmatites Intercepted at KHLP 12 September 2023
Managing Director and CEO Appointment 11 September 2023
New Stacked Spodumene Bearing Pegmatites Confirmed at KHLP 24 August 2023
Acquisition of 20% Interest in Kangaroo Hills Completed 11 August 2023
FBM Acquires Remaining Interest in Kangaroo Hills 7 August 2023
Large Scale lithium Discovery Confirmed in Nevada 4 August 2023
Further High-Grade Lithium Results at Kangaroo Hills 18 July 2023
Potential Extensions to Li Claystone Identified in Nevada 13 July 2023
Drilling Underway at Kangaroo Hills Lithium Project 4 July 2023
More High-Grade Lithium Assays, New Pegmatite Uncovered 22 June 2023
Completion of Nepean Nickel Project Sale 15 June 2023
7 New Large Scale LCT Pegmatite Lithium Targets Identified 08 June 2023
Metallurgical Testwork to commence at Kangaroo Hills 19 May 2023
Further Thick Spodumene Intersections at Kangaroo Hills 17 May 2023
Multiple High Grade Assay Results Extend Lithium Discovery 03 May 2023
Exploration Update - Kangaroo Hills Lithium Project 20 April 2023
Saints Nickel Project Delivers Positive Scoping Study 11 April 2023
Phase 2 Exploration Drilling Underway at Kangaroo Hills 05 April 2023
LCT – Pegmatite Discovery Confirmed at Kangaroo Hills 20 March 2023
Exploration Update – Kangaroo Hills Lithium Project 21 February 2023
Drilling Commences at Kangaroo Hills Lithium Project 18 January 2023
LCT Pegmatites Confirmed at Kangaroo Hills 16 January 2023
IMPORTANT NOTICES
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We acknowledge the Traditional Custodians
of the land on which we operate and pay our respects
to their Elders past and present
ACKNOWLEDGEMENT OF COUNTRY
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Proven value generators delivering on strategy
As Managing Director of Musgrave Minerals (ASX: MGV),
Rob led the business from a A$20M IPO through to its
successful A$201 million acquisition by Ramelius Resources
(ASX:RMS) in 2023.
ROB WAUGH
Non-Executive Director
NICK RATHJEN
Managing Director & CEO
Nick played an instrumental role in the commercialisation of
the Arcadia Lithium Project as Head of Corporate
Development at Prospect Resources (ASX: PSC), with the
asset being transacted to Huayou Cobalt in 2022 for
US$378M cash.
NEV POWER
Non-Executive Chairman
Under Nev’s leadership of Fortescue Metals Group
(ASX:FMG), its production quadrupled to over 170 Mtpa,
and it was the lowest-cost supplier of seaborne iron ore to
China.
ROBIN COX
Technical Director
Robin has 15 yrs experience in Australian and international
multi commodity minerals exploration and development. He
led Ore's discoveries and was previously part of exploration
teams at De Grey Mining, Mineral Resources and Toro
Energy.
A proven track record of exploration success, project stewardship, development expertise, and
operational excellence, consistently driving and realising substantial shareholder value
Strong Board and management ownership: excellent
shareholder alignment
Extensive industry networks and project opportunity
generation pipelines
PROVEN VALUE GENERATORS
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ORE RESOURCES
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SHARE PRICE PERFORMANCE (12 MONTHS)
Strongly positioned for near-term value growth
CAPITAL STRUCTURE
Market listings ASX: OR3
Share Price (A$ps, as at 13 October 2026) 0.060
Shares Outstanding 829.7 M
Options and Performance Rights 121.0 M
Market Capitalisation A$50.0 M
Cash Balance (as at 30 June 2026) A$6.8 M
PERTH
KALGOORLIE
COOLGARDIE
NORSEMAN
Miriam Gold Project
Kangaroo Hills Lithium Project
COOLGARDIE LITHIUM
PROJECTS
3
COOLGARDIE GOLD
PROJECTS
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KAL EAST GOLD
PROJECTS
2
Rapidly advancing a near-term DSO
development opportunity
Maiden MRE declared: 3.10 Mt at 1.01% Li2O
Attractive study economics:
─ A$220m pre-tax, real NPV8%
─ 4,995% pre-tax IRR
─ $237.5m pre-tax net cashflow
Several prospective gold targets of
significant strike length identified through
historical drilling at the Mt Monger and
Randalls Gold Projects
Large-scale, high-grade gold system rapidly
emerging at the Forrest prospect:
─ 12m @ 12.17 g/t Au from 44m (Forrest)
─ 33m @ 2.80 g/t Au from 35m (Forrest)
─ 25m @ 3.28 g/t Au from 119m (Forrest)
─ 24m @ 4.04 g/t Au from 37m (Forrest)
Significant gold discovery potential across
several high-priority regional targets
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2. COOLGARDIE
GOLD PROJECTS
1
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Located in a world-class geological and operating region
More than 80km2 of prospective gold exploration tenure,
holding third largest tenure position after MI6 and FML.
All tenure 100%-owned and royalty-free
Strategically situated within a 50km radius of 6 operating
gold mills (2 operating within a 15km radius)
RC drilling to date has successfully produced significant gold
exploration success at Miriam with an emerging gold
system at the flagship Forrest prospect
Belt largely under-explored - combined Minerals Resources
on belt grown from 5.5Moz at start of 2024 to 9.7moz in
October 20261
Project Agreement with Traditional Owners supports
development and ML progression
1) Three Mile Hill refer to Focus Minerals ASX Announcement dated 1st December 2023, MacPherson refer to Forrestania
Resources’ ASX Announcement dated 2 June 2026. Burbanks refer to Horizon Minerals ASX Announcement dated 11 September
2026 and Bullabulling refer to Minerals 260 ASX Announcement dated 14th January 2025 and 8 July 2026
EMERGING LARGE-SCALE
GOLD PROSPECTIVITY
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Forrest
An emerging multi-lode gold system
characterised by numerous thick, high-grade
gold intercepts within both shallow oxidised
areas and fresh rock lodes
Gold mineralisation extends over 1km in strike
length and up to 250m vertical depth tested in
sections, remaining open at depth and in
multiple directions
Highest grade and gram-metre intercepts
12m @ 12.18 g/t Au from 48m FGRC027
20m @ 2.27 g/t Au from 183m FGRC047
25m @ 2.82 g/t Au from 170m FGRC055
33m @ 2.80 g/t Au from 35m FGRC004
MIRIAM: DELIVERING EXPLORATION SUCCESS
Refer to OR3 ASX announcements “New Thick High-Grade Gold Lodes and Extensions at Forrest” dated 10
November 2025, “Miriam Phase 3 Assays Expand the Gold System at Forrest” dated 20 January 2026,
“Phase 4 Drilling Commenced at Coolgardie Gold Project” dated 3 February 2026, “Phase 4 RC Results
Extend Forrest High Grade Gold At Depth” dated 15 April 2026, and “Continued Extension of Forrest At
Depth and Along Strike” dated 23 April 2026
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Forrest
Drilling to date has defined a
continuous oxide, transitional and
fresh rock gold system
Strong potential for a dynamic
and potential large-scale gold
system within belt
Average depth of drilling to 100m,
with only 10% of drilled metres
below 150m vertical depth
Initial MRE and Exploration Target
on track for delivery in current
quarter
Further RC drilling schedule in late
October and Q1CY2027 to continue
expanding mineralised envelope
MIRIAM: DELIVERING EXPLORATION SUCCESS
Refer to OR3 ASX announcements “Single Metre Assays Enhance Gold Potetential at Miriam” dated 20 October 2025, “New Thick High-Grade Gold Lodes and Extensions at
Forrest” dated 10 November 2025, “Miriam Phase 3 Assays Expand the Gold System at Forrest” dated 20 January 2026, “Phase 4 RC Results Extend Forrest High Grade Gold At
Depth” dated 15 April 2026, “Continued Extension of Forrest At Depth and Along Strike” dated 23 April 2026, and “Diamond Drilling Confirms Significant Depth and Strike
Extensions at Forrest” dated 11 June 2026.
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Geochemical soil sampling previously defined a broad
3.2km long +20ppb gold-in-soils anomaly coincident
with several key prospects along the Miriam Shear Zone
Regional AC drilling confirmed significant gold
mineralisation across several prospects in the north of
Miriam
Burbanks Monarch prospect defines anomalous footprint
of 300m NE-SW
Confirms the 6.2km-long Miriam Shear Zone as a fertile
and underexplored gold system with significant upside
Potential for southern strike extensions to the flagship
Forrest deposit
Follow-up RC and AC drill testing of regional targets in
Q4CY2026, Q1CY2027 and across CY2027
MIRIAM: GROWING
REGIONAL PROSPECTIVITY
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BROADER GOLD OPPORTUNITIES
Advancing gold prospectivity across the tenure
Situated along strike from Macphersons Reward mine (73koz
Au) and 2km east of Burbanks mine (755koz Au)
AC drilling validated historical exploration drill results,
returning 4m @ 4.29 g/t Au from 44m (BEAC115)
Historical drilling highlighted stand-out intercept of 4m @
14.04 g/t Au from 36m within 44m @ 1.84 g/t Au from
16m (AVRC002).
Soil sampling completed, initial AC drilling in Q4 2026
Burbanks East Gold Project
Avoca Gold Project
Miriam Gold Project
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2. KAL EAST
GOLD PROJECTS
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Combined 1100km2 of exploration tenure, giving Ore one of
the largest landholdings in the Eastern Goldfields
Excellent proximity to multiple operating gold process plants,
incl. Randalls Gold Mill (Vault Minerals) and Lakewood Mill
(owned and operated by Black Cat Syndicate (ASX:BC8))
Highly prospective Archean greenstone, sediments and
Banded Iron Formations (BIFs), along with key regional
structures prospective for orogenic gold
Within 50 km of long-established and highly profitable
operating gold mines and dedicated transport infrastructure
Vast majority of the tenure remains underexplored by modern
exploration processes
Substantial potential for rapid delivery of new gold discoveries
via execution of Ore’s proven gold exploration strategy
10,000-20,000m AC & RC drill programs scheduled for CY2027
BELT-SCALE EXPLORATION PROSPECTIVITY
Refer to OR3 ASX announcements “Option to Acquire Randalls Gold Project” dated 22 October 2025, “Expansion of Randalls Gold Project”
dated 2 December 2025, Mount Monger Acquisition Expands Kal East Gold Project” dated 5 February 2026 and “Kal East Gold Project Tenure
Expanded By 55%” dated 13 October 2026.
For details on Mount Monger, Mt Belches and Aldiss Mining Centres refer to Vault Minerals Annual Report 2025.
New gold opportunities in a world-class exploration district
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MT MONGER
43km2 of prospective tenure within the Mt Monger goldfields
Contiguous to operating gold mines incl. Vault Minerals’ Mount
Monger Operations (+3.6 Moz MRE1) and Black Cat Syndicates Kal
East Operations ( +1.2 Moz MRE2) readily accessible via Mount
Monger Road
Five (5) prospective gold targets identified from historical
drilling, providing multiple walk-up drilling opportunities:
─ 9m @ 6.25 g/t Au from 9m (15MMAC0048) (Kims)3
─ 10m @ 5.80 g/t Au from 61m (12SSRC039) (Scotch Star) 3
The Kims Prospect located directly along strike from the Daisy-
Milano Mine (approx. 1.56Moz gold across multiple deposits1)
Detailed geological evaluation underway to define priority targets
ahead of initial AC drilling in mid October 2026
1) For details on the Mount Monger Operations (and the Daisy Milano Mine), refer to Vault Minerals Annual Report dated 15 October 2025
2) Refer to Black Cat Syndicate (ASX: BC8) Annual Report dated 30 September 2026
3) Refer to OR3 ASX announcement “Mount Monger Acquisition Expands Kal East Gold Project” dated 5 February 2026
Continued execution of a proven strategy
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Overlies same BIF that hosts the Rumbles, Santa,
Maxwells and Cock-Eyed Bob gold mines (all within
Vault Minerals’ (ASX: VAU) Mount Belchers 1.8Moz
Mining Centre west)
Detailed review of historical drilling has identified three
high-priority prospects at Logan and Nightcrawler
Prospects represent walk-up drill targets that are all
associated with the Mount Belches BIF unit
Detailed review of magnetic geophysics and surface
geochemistry has identified ten (10) broad litho-
structural targets, strongly coincident with gold soil
anomalies
Key historical drill intercepts include:
─ 12m @ 0.97 g/t Au from 31m (COWRC003) (Logan)
─ 3m @ 1.35 g/t Au from 28m (RURC010) (Nightcrawler)
Refer To OR3 ASX announcements “Expansion of Randalls Gold Project”, dated 2 December 2025 and “New Prospective Gold Targets Identified at Randalls South” dated 15 December 2025
RANDALLS SOUTH
New discovery potential
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RANDALLS NORTH
Multiple large-scale mineralised trends defined by gold in
regolith anomalism parallel to Randalls Fault
Several anomalies with strike lengths of 1.3km up to 6.3km
remain largely undertested
Limited exploration since the 2000s, with no drilling since 2018
Shallow historical drilling to average depth of ~40m
Last drilled when gold price at A$1,692/oz
Refer To OR3 ASX announcements “Gold Trends Confirmed from Historical Drilling at Randalls”, dated 22 October 2025 and “New Prospective Gold Targets Identified at Randalls North” dated 13 January 2026
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Metres Gold Spot Price (A$/oz)
Gold Spot Price based on end of financial year metal price in AUD, sourced from The Perth Mint
Large-scale gold trends
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1. COOLGARDIE
LITHIUM
PROJECTS
3
17
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DSO Scoping Study highlights a low-capital, speed-to-
market development at Kangaroo Hills
Simple mining, crushing and trucking of DSO product,
with export via Esperance
Contractor-led model minimises capital expenditure,
reduces execution risk and accelerates production
Low-capital logistics solution using contractor-operated
road trains to the Port of Esperance.
Low development risk with flexibility to align and scale
operations in line with prevailing market conditions
Project Agreement with the Marlinyu Ghoorlie People
supports development and ML progression
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TRANSFORMING FROM EXPLORER TO DEVELOPER
One of the most advanced undeveloped lithium opportunities in Australia
1.19 Mt DSO production at 1.07% grade over an
initial 16-month LOM
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ROBUST DSO STUDY OUTCOMES
Unit Value
Financials
Gross revenue A$M 513.4
Mining costs A$M 54.0
Crushing (Processing) A$M 21.9
Haulage costs A$M 74.1
Storage and shiploading costs A$M 16.6
Shipping costs A$M 42.1
Royalties A$M 42.4
Operating cashflow (pre-tax) A$M 262.4
Capital cost A$M 24.9
Net cashflow (pre-tax) A$M 237.5
Value metrics
NPV8% (pre-tax) A$M 220.8
IRR (pre-tax) % 4,995
Payback period (pre-tax) Months 4
A$220.8M
Pre-tax, real NPV8%
A$237.5M
Net cash flows (pre-tax)
4 months
Payback period (pre-tax)
A$513.4M
Total revenue
Compelling economics for a scalable DSO operation
Low-capex supports positive cash flow generation
within 2 months of operations.
Benchmark battery-grade lithium carbonate price of
US$24,500/t adopted
Forecast DSO price of A$430/t CIF China, applying
DSO price linkage of 1.25% and 0.71 A$/US$. Lithium
Carbonate price of US$24,500/t CIF
A scalable lithium development opportunity with strong projected returns
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Advancing discussions with potential strategic and commercial partners
for potential offtake arrangements and project funding solutions
Further optimisation studies underway to enhance mine planning and
project economics
ML approvals progressing, with grants expected late-2026
Ore sorting, metallurgical and geotechnical test work progressing.
─ Previous metwork in 2024 confirmed spodumene is the dominant
lithium-bearing mineral at Big Red, accounting for >90% of the
contained lithium oxide (Li₂O)
─ Demonstrated ore is amenable to conventional beneficiation
techniques, including Dense Media Separation (DMS) and froth
flotation processing
Extensional and infill drilling at Kangaroo Hills focused on resource
growth and extending the high-grade Big Red system.
Follow-up drilling at Miriam, targeting new discoveries.
NEXT STEPS
Positioning Kangaroo Hills for the next phase of development
Final Investment Decision (FID)
targeted for mid-2027, subject to
approvals and funding
All key approvals targeted by Q2
2027, supporting a fully permitted
development pathway
Exploration drilling recommencing
at Kangaroo Hills later in Q4 2026
Additional project optimisation
works underway
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Continued execution of a
proven, fast tracked, low-cost
exploration strategy to unlock
new gold prospectivity
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CLEAR RUNWAY AND CAPACITY TO DELIVER
Projects and activity pipeline
2026 2027
Q3 Q4 Q1 Q2 Q3
Gold Workstreams
Miriam (Forrest) drilling
Miriam initial MRE & Exploration Target
Miriam (regional) AC drilling
Miriam (regional) RC drilling of priority
targets (Burbanks Monarch)
Miriam (regional) RC drilling of priority
targets (Devils Playground)
Avoca first-pass AC drilling
Mt Monger (Kal East) first-pass drilling
Randalls (Kal East) first pass drilling
Lithium Workstreams
DSO Scoping Study and maiden MRE
Further optimisation: Ore sorting,
metallurgical and geotechnical test work
Permitting activities
Evaluation of commercialisation options
Robust cash balance of
A$6.8M and zero debt (30
June 2026)
Ongoing assessment of new
opportunities in both gold and
lithium, including potentially
synergistic acquisitions
All timings are indicative and subject to change. Ore retains the right to amend the order and timing of each respective activity in line with market conditions and the Company’s broader exploration and development strategy
ORERESOURCES.COM.AU
Suite 2, Level 2, 34 Colin Street, West Perth WA 6005
T +61 8 6383 7817 F +61 8 6245 9853
Contact
Nicholas Rathjen
CEO and Managing Director
E nrathjen@oreresources.com.au
M +61 405 730 041
Robin Cox
Technical Director
E rcox@oreresources.com.au
M +61 432 516 276
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