AGM / Investor Presentation
Released
Released
Announcement PDF
DISCOVERY FOCUSED MINERAL EXPLORER
Christmas Creek
A Golden Opportunity
High-grade gold under shallow sand cover in Western Australia
AGM - INVESTOR PRESENTATION
4th JULY 2025
TKM.ASX – A Compelling Risk vs Return Proposition
Near-term value-creation opportunity with drilling underway
Strategy
• Exploring high-potential projects located in frontier provinces
• Targeting Tier-1 discoveries, capable of delivering outsized shareholder
returns
Opportunity
• Focused on the district-scale Christmas Creek Project, Kimberley WA
• Previously part of Newmont’s global exploration portfolio
• Under-explored due to shallow cover, at a major orogenic intersection
• Recent high-grade discovery at Martin prospect – 10m at 12.66g/t, &
10m at 7.34g/t
Leverage
• Highly leveraged to discovery success – market cap ~$56m
• Follow-up drilling underway with additional rig en-route
Value Creation
• An economic discovery would result in a significant increase in market
capitalisation and wealth-creation event for shareholders
Access
Diversified portfolio primed for exploration success
Christmas Creek
High-quality target, initial exploration confirming proof-of-concept
Why orogenic gold?
• Globally significant deposit type:
• large, long-life (eg, Kalgoorlie, Tanami)
• Structurally controlled:
• associated with major crustal scale faults
• Large fluid systems:
• potential for Tier 1 multi-million-ounce discoveries
• Deep, high-grade systems:
• long mine life, underground potential
• Strong economics:
• high-grade ore remains profitable across market cycles
Why Christmas Creek?
• New search space, under shallow sand cover
• Major intersection of three orogens
• Major crustal structures control gold fluid flow
• Exploration to date has provided proof-of-concept:
• Large-scale soil anomalies (multi-km2)
• High-grade gold in early drilling
• Stacked/sheeted vein system
• Visible gold
• Open at depth and along strike
“The next round of major discoveries are likely to come from
undercover, where the gold-bearing host rocks are
obscured, meaning they have not been subjected to the
prospecting style of exploration you would expect of a belt of
fertile Paleoproterozoic rocks in Western Australia. This is
effectively a new search space we are exploring in.”
Derek Marshall, CEO
Christmas Creek
Multiple targets generated by surface geochemistry across large tenement package
Shallow Cover
• Lack of outcrop = low historic exploration
• New search space
• Low-level geochemistry (DSG & UFF)
allows detection through transported cover
Large Targets
• Large zones of anomalism (multi-km scale)
• Orogenic & intrusion related gold systems
Proven Mineralisation
• Early-stage wide spaced drilling identified
high-grade hits at Martin and low-grade
gold at Zahn & Coogan
• Sparsely drilled targets remain
unconstrained
https://trekmetals.com.au/announcements/4421568
Christmas Creek
Proven gold-bearing structures identified at three prospects by wide-spaced drilling
Martin
• High-grade intercepts:
• 10m @ 12.66g/t Au from 59m; and
• 10m @ 7.34g/t Au from 94m
• Visible gold
• Open along strike and at depth
Zahn
• Broad low-grade gold intercepts:
• 28m @ 0.18g/t Au from 20m, inc.
7m @ 0.35g/t Au from 26m, with.
1m @ 0.65g/t Au from 29m
• Key geological targets identified
Coogan
• Broad low-grade gold intercepts
• Multi-km scale soil anomalism, including
core with large halo = Large system
https://trekmetals.com.au/announcements/6854541
Martin Prospect
Recent significant intercepts at Martin warrant follow-up along strike / plunge & down-dip
Figure 5. Martin Prospect plan with gold in drilling highlighting the previously reported two emerging gold trends. Black box
showing the extent of Figure 6 below (zoomed in around significant intercepts in 24XCRC097 & NEWXCRC012).
https://trekmetals.com.au/announcements/6799561
Martin Prospect
Downhole televiewer indicates a series of stacked / sheeted veins at close to true width
https://trekmetals.com.au/announcements/6799561
Martin Prospect
Recent significant intercepts at Martin warrant follow-up along strike / plunge & down-dip
Figure 4. Cross-section at Martin, highlighting the two significant
recent gold intercepts in yellow and the mineralised vein orientations
in NEWXCRC012 & 24XCRC097 showing the interpreted stacked vein
system. Refer to Figure 6 for cross-section reference line in plan view
Figure 6. Zoomed in plan view at Martin, highlighting the mineralised vein orientations and
interpreted bedding from the holes around the significant intercepts in 24XCRC097 &
NEWXCRC012. Coloured gold grades from drilling. Section markers A & A’ relating to Figure 4.
https://trekmetals.com.au/announcements/6799561
Zahn Prospect
Wide spaced exploration drilling proved gold-bearing structures along key geological boundaries
Key Targets
• Dolerite contacts
• Antiformal structures
• Adjacent to a major structure
Broad Intercepts
• 5 holes with >0.1g/t Au
• Most significant within anti-form setting:
• 28m @ 0.18g/t Au from 20m inc
• 7m @ 0.35g/t Au from 26m with
• 1m @ 0.65g/t Au from 29m
Unconstrained
• TKM RC drill lines 500m apart
• Key geological targets untested
over significant strike extent
https://trekmetals.com.au/announcements/6854541
Coogan Prospect
Large-scale target with broad low-level gold intercepts & significant surface geochemistry
Large Footprint
• Surface geochemistry outlines multi-km²
target / mineral system with a;
• A core of Au-(Cu-Bi-Pb-Te) &
• A halo of Pb-Ag-(Zn-Cu-Bi)
Broad Intercepts
• Broad low-level gold in drilling:
• 34m @ 0.18g/t Au &
• 38m @ 0.16g/t Au
Unconstrained
• With anomalism over multi-km²,
the Coogan target represents a
large-scale mineral system with
significant scope to discover
https://trekmetals.com.au/announcements/4421568
https://trekmetals.com.au/announcements/6854541
Turner Prospect
Undrilled target with gold at surface
Gold Nugget Field
• Gold nuggets discovered at surface within
600m x 200m area
• Numerous nuggets located close to a
hilltop, indicating a proximal source
• Large nuggets historically found in the area
Undrilled
• No historic drilling recorded or observed in
the area
Drilling Imminent
• Heritage surveying recently completed
• Earthworks commenced
• Drilling scheduled to commence in the
coming weeks with RC rig already on site
https://trekmetals.com.au/announcements/7037303
McEwen Hills
Future-focused strategic holding
Access
• West Arunta Critical Minerals Province
• Tenement application ELA 33191
• Northern Territory incentivising exploration
activities in the area
Scale
• WA1 Luni Nb Discovery world class in terms of
size and grade with 200 Mt at 1.0% Nb2O5
• ENR recently discovered high grade Nb
• Large tenement application
Opportunity
• Acute lack of historic exploration due to remote
location (no historic drillholes)
• New province with multiple carbonatites discovered
• Prospectivity for other deposits (e.g., Cu-Au)
Sources:
ASX:TKM Announcement – Trek acquires prospective Niobium Exploration Project 04/10/2023
ASX:WA1 – West Arunta Project Mineral Resource Estimate 01/07/2024
ASX:ENR – High-grade Niobium Intercepts at Crean Carbonatite 24/06/2024
Ability
The right people, in the right roles, doing the right thing
CORPORATE SUMMARY
Experienced Board and Management with strong track of success
Tony Leibowitz Non-Executive Chairman
Derek Marshall Chief Executive Officer
+30-years corporate finance, investment banking & broad
commercial experience.
Experienced exploration geologist with +20 years’
experience in exploration and mining.
Early investor and former Chairman of Chandler Macleod
and Pilbara Minerals, where he was responsible for
substantial increases in shareholder value and returns.
Has worked with both major miners and ASX-listed
explorers, ranging from greenfield exploration to feasibility
studies.
Formerly a global partner at PWC.
Former Superintendent Exploration with Newcrest
(ASX:NCM) at the Havieron Gold-Copper Project, delivering
an initial Resource of 3.4Moz Au & 160Kt Cu.
Current Non-Executive Chairman of Astute Metals
(ASX:ASE).
Neil Biddle Non-Executive Director
Geologist with +30 years’ experience in exploration and
mining.
Founding Director of Pilbara Minerals.
Previous Board positions include TNG Ltd, Border Gold,
Consolidated Victorian Mines and Bardoc Gold
Current Executive Chairman of Greenvale Energy (ASX:
GRV).
Russell Hardwick Chief Financial Officer & Company
Secretary
Certified Practicing Accountant with 20 years’ experience in
private and public companies.
Chartered Secretary and Member of the AICD.
Extensive experience in corporate secretarial, capital raising
and commercial management.
John Young Non-Executive Director
Highly experienced geologist, with exploration and
production roles.
Senior roles with Pilbara Minerals, including Exploration
Manager and Technical Director. Former Managing Director
of Bardoc Gold and CEO of Marenica Energy and Thor
Mining.
Current Non-Executive Chairman at Green Technology
Metals (ASX:GT1)
56%
CORPORATE SUMMARY
Strong Balance Sheet, Leveraged to Success
Capital Structure
ASX Code
TKM.ASX
Share Price (2nd July 2025)
$0.096
Shares on issue
587.70m
Market Cap.
$56.42m
Cash and cash equivalents (30th June 2025 - unaudited)
$3.96m
Enterprise Value
$52.46m
Listed Shares Options 8.5c TKMO (Expiry 14/08/25)
41.67m
$0.12
6.0M
$0.10
5.0M
$0.08
4.0M
$0.06
3.0M
$0.04
2.0M
$0.02
1.0M
$0.00
Jul-24
Aug-24
Sep-24
Oct-24
Nov-24
Dec-24
Jan-25
Volume
Feb-25
Close
Mar-25
Apr-25
May-25
Jun-25
0.0M
Jul-25
Volume
Closing share price A$/share
Share Price and Volume
Action
Nimble, action-orientated, discovery focused
ACTION
2025
Christmas Creek (Au)
McEwen Hills (Nb & Cu-Au)
Pre-drill geophysics: Magnetics and gravity
Key stakeholder engagement & access agreement
Drill: Follow-up high-grade Au intersections at Martin
Target generation via geophysical surveys
Drill: Chase key geological targets at Zahn
Heritage surveying
Drill: Explore within the large Coogan mineral system
Drill: Outcropping Turner gold system
+ strategic partnerships on non-core projects
Thank you
For more information, please reach out
Derek Marshall
Chief Executive Officer
dmarshall@trekmetals.com.au
0401 671 344
Trek Metals Limited ARBN 124 462 826
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.
Competent Person Statement – Mineral Resources
The information in relation to Mineral resources is extracted from the report entitled “Trek accelerates battery metals strategy with acquisition of advanced WA manganese project via scheme of arrangement with Edge Minerals Limited” dated 6 June 2022 and is
available to view on www.asx.com.au (Search ASX:TKM). 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 and, in the case of estimates of Mineral
Resources, that all material assumptions and technical parameters underpinning the estimates in the 6 June 2022 market announcement continue to apply and have not materially changed. The company confirms that the form and context in which the
Competent Person’s findings are presented have not been materially modified from the original market announcement.
For Additional Information refer TKM ASX Announcements
https://trekmetals.com.au/announcements
Approved for Release by the Board
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