Announcement PDF ASX: TKM A World Class Manganese Discovery? Christmas Creek, Western Australia Investor Presentation | March 2026 2 Christmas Creek Manganese Discovery A Potential Company Maker? Field work targeted REE (not Mn) based on radiometric anomalism Extensive black outcrops discovered and samples taken Extremely high-grade rock chips in first pass outcrop sampling Outcrop showed scale, with ~750m of continuous Mn in an area 750 x 400m, constrained by recent sand cover 58.37% Mn Sample ID TKMCCR2506 https://trekmetals.com.au/announcements/7259499 3 Immediate Follow-up to Assess the Potential 1. Gravity 2. AEM/Mag 3. Sampling 4 Additional Rock Chip Sampling 59.65% Mn Sample ID OS0063031 56.7% Mn Sample ID OS0063065 5 Discovery Outcrop 6 View to the East 7 View to the West 8 Geophysics Indicates Significant Scale Potential Beyond the Outcrop High dry bulk density average of 4.03 g/cc (3.31 - 4.47 g/cc) from representative rock chips Manganese-rich material at depth likely to present as a gravity high https://trekmetals.com.au/announcements/7311646 Gravity data shows a good correlation with the known outcrop Data also shows significant anomalism that extends well beyond the outcrop Second‘northern’trend identified under cover… could it represent more manganese? 9 Additional Rock Chip Sampling Assays Confirm Extensive High-Grade https://trekmetals.com.au/announcements/7326226 Assays average 50% Mn, confirming high-grade nature of mineralisation Grades up to 60.1% Mn (approaching theoretical maximum in Mn-oxide) Only one question remains: How much is down there? Drilling set to commence in April to answer this question! Manganese-rich sample 56.7% Mn Sample ID OS0063065 10 Manganese Fundamentals Grade Matters A critical mineral hiding in plain sight ◆ Essential for steel production (~90% of global Mn demand) ◆ Increasingly critical for lithium-ion batteries (NMC, LFP, LMFP) ◆ Designated a critical mineral in multiple Western jurisdictions Manganese Pricing ◆ Current manganese price of ~US$4.50/dmtu*^ for 44% material, which equates to US$198 per tonne of ore ◆ Manganese is twice as valuable as iron ore (~US$100 per tonne of ore^) Grade is king ◆ >44% Mn ore trades at a significant premium to lower-grade material ◆ Only two high-grade producers in Australia: Woodie Woodie (ConsMin) & Groote Eylandt (S32) *A Dry Metric Tonne Unit (dmtu) represents 1% of a dry metric tonne. Price conversion to AU$/tonne for ore grading 44% Mn is US$4.5 x 100 x 44% = US$198/tonne, converted to AU$ x 1.5 = AU$297/tonne. ^Price sources: Manganese: Shanghai Metal Market & Iron Ore: Market Index 11 Thorough Land Surveys Equate To Better Planned Drilling 70 Planned Priority 1 Drill Holes for 9,100m 100m - 150m Drill Line Spacing Selected 50m Spaced Drill Holes Targeting Gravity Highs and Down Dip Extensions of High-Grade Manganese Mineralisation at Surface Scope for follow-up drilling based on results 12 Location Kimberley Region ◆ Northern Western Australia. ◆ Kuro sits 50km south of the Great Northern Highway. ◆ Three ports with bulk handling facilities nearby (Derby, Wyndham & Broome). Distances Kuro → Highway 50km Kuro → Derby 480km Kuro → Wyndham 563km Kuro → Broome 622km 13 Activity Timeline Activity Q4 2025 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Q3 2026 Q4 2026 Kuro Mn discovery announced Significant gravity response announced Confirmed high-grade geochemistry announced Capital raise to support exploration completed Planned Mn heritage survey Planned Mn geophysical surveys Planned Mn exploration drilling phase 1 Planned Mn metallurgical drilling Mn exploration drilling Phase 1 results Planned Au-Cu exploration drilling Commencement of metallurgical test work 14 15.18% CORPORATE SUMMARY Strong Balance Sheet, Leveraged to Success Capital Structure ASX Code TKM.ASX Share Price (4th Mar 2026) $0.180 Shares 715.78m Options 7.86m Performance Rights 45.32m Market Cap. $128.84m Cash and cash equivalents (4th Mar 2026 - unaudited) $14.81m Debt nil Enterprise Value $114.02m Share Price and Volume Board & Management 68.19% Top 100 Holders 0.0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 7.0 M 8.0 M 0.00 0.05 0.10 0.15 0.20 0.25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Volume Closing Share Price (A$/share) Volume Close 15 A Rare Opportunity at an Early Stage High-grade Rock chip assays average ~50% Mn, up to 60.1% Mn Premium manganese (>44% Mn) is rare and drives value Large, under-explored system Extensive >1,200km² package of highly prospective, under-explored ground Potential for multiple manganese positions Clear near-term catalyst Maiden drilling scheduled to commence in April Designed to test grade, width and depth & provide metallurgical samples Scale potential 750m of continuous, high-grade manganese at surface Strong gravity response indicates significant scale beyond the outcrop 16 Join us on the Journey The right team ◆ Proven track record in discovery, delivery & serious value creation ◆ Pilbara Minerals (ASX:PLS) lithium discovery and project delivery driven by the current TKM board from penny stock to >AU$15B market cap* ◆ Deep global connections, especially in the lithium-ion battery market Source: https://www.marketindex.com.au/asx/pls. Historical share price shown for illustrative purposes only. This example is not a forecast, prediction or guarantee of future performance and is provided solely to illustrate how mineral discoveries can create shareholder value over time. *https://www.marketindex.com.au/asx/pls - 6 Mar 2026 The right time ◆ Strong tailwinds within the resource sector provide momentum ◆ Early-stage entry still available Discovery, scale and execution can be transformational 17 Disclaimer This presentation prepared by Trek Metals Limited (“Company”) does not purport to contain all the information that a prospective investor may require in connection with any potential investment in the Company. You should not treat the contents of this presentation, or any information provided in connection with it, as financial advice, financial product advice or advice relating to legal, taxation or investment matters. 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 is provided expressly on the basis that you will carry out your own independent inquiries into the matters contained in the presentation and make your own independent decisions about the affairs, financial position or prospects of the Company. The Company reserves the right to update, amend or supplement the information at any time in its absolute discretion (without incurring any obligation to do so). To the maximum extent permitted by law, none of the Company its directors, employees or agents, advisers, nor any other person accepts any liability, including, without limitation, any liability arising from fault or negligence on the part of any of them or any other person, for any loss arising from the use of this presentation or its contents or otherwise arising in connection with it. This presentation is not an offer, invitation, solicitation or other recommendation with respect to the subscription for, purchase or sale of any security, and neither this presentation nor anything in it shall form the basis of any contract or commitment whatsoever. Forward Looking Statements This presentation may contain forward looking statements that are subject to risk factors associated with mineral exploration, mining and production businesses. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a variety of variables and changes in underlying assumptions which could cause actual results or trends to differ materially, including but not limited to price fluctuations, actual demand, currency fluctuations, drilling and production results, reserve estimations, loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory changes, economic and financial market conditions in various countries and regions, political risks, project delay or advancement, approvals and cost estimates. This presentation also contains reference to certain intentions, expectations, future plans, strategy and prospects of the Company. Those intentions, expectations, future plans, strategy and prospects may or may not be achieved. They are based on certain assumptions, which may not be met or on which views may differ and may be affected by known and unknown risks. In particular, there is a risk that the Company will not be able to expand or upgrade its existing JORC resource. The performance and operations of the Company may be influenced by a number of factors, many of which are outside the control of the Company. No representation or warranty, express or implied, is made by the Company, or any of its directors, officers, employees, advisers or agents that any intentions, expectations or plans will be achieved either totally or partially or that any particular rate of return will be achieved. Given the risks and uncertainties that may cause the Company’s actual future results, performance or achievements to be materially different from those expected, planned or intended, recipients should not place undue reliance on these intentions, expectations, future plans, strategy and prospects. The Company does not warrant or represent that the actual results, performance or achievements will be as expected, planned or intended. These forward-looking statements are expressed in good faith and believed to have a reasonable basis. These statements reflect current expectations, intentions or strategies regarding the future and assumptions based on currently available information. Should one or more risks or uncertainties materialise, or should underlying assumptions prove incorrect, actual results may vary from the expectations, intentions and strategies described in this announcement. The forward-looking statements are made as at the date of this announcement and the Company disclaims any intent or obligation to update publicly such forward looking statements, whether as the result of new information, future events or results or otherwise. Competent Person’s Statement - Exploration Results The information in this announcement relating to Exploration Results is based on information compiled by the Company’s Chief Executive Officer, Mr Derek Marshall, a competent person, who is a Member of the Australian Institute of Geoscientists. Mr Marshall has sufficient experience relevant to the style of mineralisation and to the type of activity described 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 Marshall holds or controls share and Performance Rights in the Company. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement. Mr Marshall consents to the inclusion in this announcement of the matters based on his information in the form and content in which it appears. For Additional Information refer TKM ASX Announcements https://trekmetals.com.au/announcements Approved for Release by the Board trekmetals.com.au