Announcement PDF ASX:DY6 An Emerging Supplier of Heavy Rare Earths & Niobium Gold Coast Investment Showcase 19-20 June 2024 1 Our Projects ASX:DY6 Large suite of critical metals projects in Malawi - highly prospective for Rare Earths, Niobium and Lithium o Machinga • Maiden drilling program for 4,543m • Comprehensive rock and soil samples (861 samples) • HRE and Nb rich Alkaline Complex , 29% HREO/TREO o Tundulu • Large Carbonatite Ring Complex exceeding 1%TREO • Granted EL covering 91.5 km2 • Acquired quality historical Drilling and Geochem data o Mzimba and Karonga • Application for EPL covering 710km2 and EPL covering 36.5km2 o Salambidwe • Comprehensive geochemical and geophysics program completed o Ngala Hill 2 Corporate Snapshot ASX:DY6 ASX:DY6 CAPITAL STRUCTURE $0.08 58.5M $4.7M $3M $1.7M ASX Share Price** Shares on Issue Market Cap Cash* Enterprise Value SHARE PRICE SHAREHOLDERS* Board & Management 0.25 14% 20,000,000 0.2 27th May: 18,000,000 Additional historical drilling results confirms Tundulu REE potential 16,000,000 14,000,000 (Zhenshi Group & Zhung Nam) 21% Price 64% 0.15 12,000,000 10,000,000 0.1 8,000,000 6,000,000 0.05 4,000,000 Volume Close 2,000,000 0 **Closing price as at 13 June 2024 JUN 24 MAY 24 APR 24 MAR 24 FEB 24 JAN 24 DEC 23 NOV 23 OCT 23 SEPT 23 AUG 23 JUL 23 0 JUN 23 *Cash as at 31 March 2024 Volume Others Strategic Cornerstone Investors 3 Tundulu Project ASX:DY6 Significant Undeveloped REE Carbonatite Complex • 50km ESE of Zomba and complements DY6 highly prospective Machinga HREE and Nb Project The Area remains largely Unexplored and Prospective for REEs • Tundulu formed of multiple ring structures around a central vent Nathace Hill where major drilling uncovered a large REE, P2O5 hosted mineralised system • Quality historical data and impressive results with significant exploration upside to expand • Predominately contain REE Apatite and REE carbonatite rich lithologies and multiple outcropping • Mineral rich carbonatites occur also at Tundulu Hill and Makhanga Hill • Apatite Phosphate grades ranging 5%-30% P2O5 with HREE enrichment and highly prospective for Nb 4 Tundulu Project Tundulu Geological Structure: REE and Apatite rich Carbonatite ASX:DY6 24 shallow 50m drill holes for 1200m at Nathace and Tundulu by JICA* in 1988 & 7000m (50 RC and 5 DDH) in 1984 at average 127m depth. Notable significant drill intersections: • 101m @ 1.02% TREO, 3.6% P2O5 from surface (TU030) • 91m @ 1.09% TREO, 7.6% P2O5 from 46m (TU026) • 85m @ 1.04% TREO, 2.0% P2O5 from 22m (TU025) • 109m @ 1.06% TREO, 3.7% P2O5 from 53m (TU035) • 100m @ 1.09% TREO, 12.6% P2O5 from 30m (TU042) • 97m @ 1.35% TREO, 14.4% P2O5 from surface (TU050) • 125m @ 0.82% TREO, 2.3% P2O5 from 54m (TU078) • 95m @ 1.21% TREO, 0.92% P2O5 from 25m (TU110) • 87m @ 1.19% TREO, 0.43% P2O5 from 5m (TU071), including 15m @ 3.46% TREO from 73m • 74m @ 1.55% TREO, 4.4% P2O5 from 72m (TU043), including 11m @ 2.56% TREO from 84m • 31m @ 2.27% TREO, 0.64% P2O5 from 41m (TU048) • 30m @ 4.03% TREO, 0.35% P2O5 from surface (TU014) 5 Strongly Mineralised Outcropping ASX:DY6  Enriched Outcropping extends West and South of Nathace Hill and towards the peak  Shallow Historic Drilling East Side remains open to intercept extensions  The abundance of REE carbonatite outcropping signifies potential for a large resource Nathace Hill West Side Nathace Hill East Side Nathace Hill South Side 6 Next Steps ASX:DY6 Discovery and Resource Focused Exploration Tundulu Hill Outcrops • Large carbonatite footprint across Tundulu Complex with significant resource potential • Multiple outcropping extends West and South of Nathace Hill and remains open Top of Tundulu Hill Makhanga Hill • Potential for extensive REE mineralisation across Tundulu Hill and Makhanga Hill also targeted • High REE grade outcrops indicative of significant REE mineralised system Nathace Hill • DY6 planning comprehensive sampling over target areas remain open and untested 6/18/2024 7 Tundulu Comparison ASX:DY6 Company EV Market Cap. ASX:DRE ASX:REE ASX:ASM ASX:HAS TSX-V:MKA ASX:DY6 A$56.43m A$59.67m A$5.75m A$10.3m A$211.5m A$250m $47.06m A$69m $A66m A$66.8m A$1.7m A$4.7m Jul 2021 Sep 2017 Jan 2024 Nov 2023 Pathway to Mineral Resource Estimate Mt Dec 2022 14.36 Location Project name Status Hard Rock / Clay Mineral Resource Mt Contained REO kt TREO Grade % 18.8 40.82 Western Australia Mangaroon Developer Hard Rock 40.82 420 1.03% 75.18 Nov 2019 29.93 21 Dec 2019 13 Western Australia Cummins Range Developer Hard Rock 524 1624 0.31% Feb 2019 ? 6.79 New South Wales Dubbo Developer Hard Rock 75.2 556 0.74% Western Australia Yangibana Developer Hard Rock 29.93 279 0.93% Sources: Appendix A for TREO Grade, Mineral Resource Estimate, Quarterly activity statement for cash as at March 31st, 2024, Makango converted to AUD using exchange rate US$:A$ 1.1534 at 31 March 2024 DY6 cash as at 31 March 2024, DY6 Closing Share Price as at 13 June 2024 Malawi Songwe Hill Developer Hard Rock 21 296 1.41% Malawi Tundulu Complex Explorer Hard Rock N/A N/A ~1.0 -1.5% 8 MACHINGA HREE & Nb Project Elevated Dy & Tb ~3.7% DyTb:TREO ~29% HREO:TREO Alkaline Intrusive Complex ASX:DY6 • 4000m of Historic drill results consistent with DY6 drilling • Completion of maiden drilling program for total 4,543m at Machinga HREE and Nb project • Radiometric responses strong correlation with hydrothermal breccia • HREE enrichment, exhibiting high grade Nb • Significant assay results include: • 13m @ 0.65% TREO, 0.25% Nb from surface; incl. 1m @ 1.06% TREO, 0.37% Nb from 7m, and 1m @ 1.28% TREO, 0.42% Nb from 9m (MR019) • 7m @ 1.42% TREO with 0.49% Nb from 65m (MR011) • 15.1m @ 1.01% TREO, 0.36% Nb from 23.9m incl. 4m @ 1.75% TREO, 0.63% Nb from 33m drilled downdip (MDD007) • Widespread HREE mineralisation – showing continuity into newly granted licence area (EL070) • Machinga REE mineralised system contains elevated Dy & Tb (~3.7% of TREO)*, essential minerals for the EV traction motor *ASX Announcement 26 October 2023 9 Rock Chips confirm significant Mineralised Footprint along Strike Demonstrates excellent continuity of mineralised zones with radiometrics Multiple parallel zones and greater TREO anomalies West of Machinga main anomaly Scale potential for greater REE mineralisation Further sampling to test the Radiometric anomaly extending further south ASX:DY6 Phase One Drilling focused NE Significant potential exists for drilling West and South with targets open in a NW-SE trend 6/18/2024 10 Milestones 2H 2024 ASX:DY6 Near-Term Goals – Discovery at Tundulu MACHINGA HREE-Nb • Soil sampling planning stage in extended EL0705 targeting the southern anomaly zone • Identification of future drill targets for implementation of Phase 2 • Mineralogy investigation near completion • Preliminary metallurgy testwork begins on drill core samples NGALA & MZIMBA TUNDULU REE-P2O5 • Knowledge building stage and review of historical drillholes and associated geological and geophysical datasets • Planning rock chip geochem sampling to identify priority target areas • Initial metallurgical program to kick-off 2H focused on dual REE and phosphate concentrates • Future drill testing areas south and west of Nathace Hill and areas interpreted to be highly prospective to host mineralisation • Soil geochemical sampling programs planned in 2H • Reprocessing of Geophysics data 11 Board & Management ASX:DY6 Mr Dan Smith Non-Executive Chairman Mr Myles Campion Mr John Kay Dr Nannan He Non-Executive Directors Mr Lloyd Kaiser Chief Executive Officer Mr Troth Saindi Senior Exploration Geologist Mr Allan Younger Technical Consultant 12 ASX:DY6 Contact Details Mr Lloyd Kaiser Mr John Kay CEO Non-Executive Director & Company Secretary lloyd.kaiser@dy6metals.com john.kay@dy6metals.com ASX:DY6 DY6 Metals Ltd Level 8, 99 St Georges Terrace Perth WA 6000 www.dy6metals.com 13 Appendix A | Rare Earth Company References Peer Comparison Project Company Mt % TREO REO (kt) Share Price ($) Total Market Shares Cap (m) A$m LREE 0.08 58.5 Type Cash EV A$m A$m 4.7 3 1.7 DY6 ASX Malawi Hardrock N/A Mangaroon Dreadnought Resources DRE ASX Australia Hardrock 41 1.0% 420 LREE 0.017 3510 59.7 3.245 56.43 REE Australia Hardrock 524 0.3% 1,624 LREE 0.015 683 10.3 0.911 9.34 Australia Hardrock 75.18 0.74% 556 LREE 1.380 181 250.0 38.478 211.49 Australia Hardrock 29.93 0.93% 278 LREE 0.408 176.4 72.0 24.9 47.06 Malawi Hardrock 21 1.41% 296 LREE 0.263 253.5 66.8 0.74 66.03 Yangibana Songwe Hill ASX Australian Strategic ASM ASX Metals Hastings Tech. HAS ASX Metals Mkango Resources MKA TSX-V Project Company Mangaroon Dreadnought Resources Cummins Range RareX Resources Songwe Hill Type Contained DY6 Metals Dubbo Yangibana Location Grade Tundulu Cummins Range RareX Resources Dubbo Ticker Resource ASX:DY6 Links to Financials ASX:DRE - Quarterly Activities Report - March 2024 (dreadnoughtresources.com.au) ASX:REE - Quarterly Activities/Appendix 5B Cash Flow Report (rarex.com.au) https://asmd.irmau.com/site/pdf/fc35c17f-1bff-43d4-bc2e-8fb5e34b2ce2/QuarterlyAustralian Strategic Metals ActivitiesAppendix-5B-Cash-Flow-Report.pdf (cash at 31 march) https://www.asx.com.au/markets/company/asm (share value at 28 march and market cap) https://www.investi.com.au/api/announcements/has/2620b2b4-f1f.pdf (cash) Hastings Tech. Metals https://www.asx.com.au/markets/company/has (share price and market cap) Mkango Resources https://mkango.ca/site/assets/files/4995/2024-q1-fs-mka.pdf DY6 cash as at 31 March 2024, DY6 Closing Share Price as at 13 June 2024 Links to Grade and Mineral Resources Estimates ASX:DRE - Large, High Confidence Yin Ironstone Resource - Mangaroon (dreadnoughtresources.com.au) 05t418qhrcd5k3.pdf (asx.com.au) ASX:REE - NEW WORLD TECH METALS CONFERENCE PRESENTATION (rarex.com.au) 02396566.pdf (weblink.com.au) https://asm-au.com/dubbo-project/resources-and-reserves/ https://announcements.asx.com.au/asxpdf/20220516/pdf/4590z6x4xl0h16.pdf https://www.investi.com.au/api/announcements/has/03c419a2-4d6.pdf#page=12 https://mkango.ca/projects/songwe/ 14 Advancing Social Initiatives in Malawi ASX:DY6 DY6 Metals understands the importance of community engagement across our projects • Engagement with key stakeholders from local communities through to Government is ongoing • All engagements are in strong standing with significant support for our projects and activities in Malawi • The Company will advance social initiatives as we develop these projects further 15 Salambidwe Project ASX:DY6 • DY6 completed geochemical and geophysical exploration programs in Dec 2023 • Sampling expanded the anomalous areas on 100m x 100m spacing and the more regional and confirmatory sampling was at 100m intervals along lines 500m apart • Assay results received for 514 soil & rock chip samples showed up to 1.21% TREO & 0.12% Nb2O5 • The 45-line km high-resolution airborne electromagnetic survey confirmed the highly concentric nature of the intrusive complex • DY6 is currently assessing the combined geochemical & geophysical data for target generation in planning for a maiden drill program • DY6 conducted socialisation meetings with district commissioner and chiefs of the surrounding villages within the licence area to enable exploration activities DY6 Anomalous TREO responses on RTP1VD aeromagnetic data at Salambidwe 16 Mzimba Lithium Project ASX:DY6 • Application pending for exclusive prospecting licence covering 710km2 • Multiple pegmatites observed up to 500m in length with varying widths with potential to host lithium mineralisation • One of the 7 reconnaissance rock chip samples submitted returned 6.2% LiO2 and XRD >90% Mica composition Observation of Lepidolite Micas and pegmatite matrix *Disclaimer: The Company notes that pegmatites contain varying abundances of typical LCT pegmatite non-Li-bearing minerals, predominantly feldspar, quartz, muscovite mica (as a group also referred to as Aplite) and accessory tourmaline. Investors should note that while LCT pegmatites are a known host for accessory lithium bearing minerals such as spodumene, it is also known that this is not a universal association. Visual observations of the presence of rock or mineral types and abundance should never be considered a proxy or substitute for petrography and laboratory analyses where mineral types, concentrations or grades are the factor of principal economic interest. Visual observations and estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations. At this stage it is too early for the Company to make a determinative view on the abundances of any of these minerals. These abundances will be determined more accurately through petrography, assay, and XRF analysis. The observed presence of pegmatite does not necessarily equate to lithium mineralisation. It is not possible to estimate the concentration of mineralisation by visual estimation and this will be determined by chemical analysis. 17 The material in this presentation has been prepared by DY6 Metals (“Company”). This presentation may not be reproduced, redistributed or passed on, directly or indirectly, to any other person, or published, in whole or in part, for any purpose without prior written approval of the Company. This presentation and the material contained in it is for information purposes only. This presentation is not an offer or invitation for subscription or purchase of, or a recommendation in relation to, securities in the Company and neither this presentation nor anything contained in it shall form the basis of any contract or commitment. This presentation may not be distributed in any jurisdiction except in accordance with the legal requirements applicable in such jurisdiction. Recipients should inform themselves of the restrictions that apply in their jurisdiction. Failure to do so may result in a violation of rules in such a jurisdiction. This presentation is not financial product or investment advice. It does not consider the investment objectives, financial situation and particular needs of any investor. Before making an investment in the Company, an investor or prospective investor should consider whether such an investment is appropriate to their particular investment needs, objectives and financial circumstances, seek legal and taxation advice as appropriate and consult a financial adviser if necessary. ASX:DY6 This presentation may contain forward-looking statements. Forward-looking statements include those containing such words as "anticipate", "estimates", "forecasts", "should", "could", "may", “ideal”, "intends", "will", "expects", "plans" or similar expressions. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company, its directors and management that could cause the Company’s actual results to differ materially from the results expressed or anticipated in these statements. The Company cannot and does not give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements contained in this announcement will actually occur and investors are cautioned not to place undue reliance on these forward-looking statements. The Company does not undertake to update or revise forward looking statements, or to publish prospective financial information in the future regardless of whether new information, future events or any other factors affect the information contained in this presentation, except where required by applicable law. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a range of variables and changes in underlying assumptions which could cause actual results or trends to differ materially. The Company does not make any representation or warranty as to the accuracy of such statements or assumptions. This presentation has been prepared by the Company based on information currently available to it. 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. To the maximum extent permitted by law, none of the Company or its subsidiaries or affiliates or the directors, employees, agents, representatives or advisers of any such party, nor any other person accepts any liability for any loss arising from the use of this presentation or its contents or otherwise arising in connection with it, including without limitation, any liability arising from fault or negligence on the part of the Company or its subsidiaries or affiliates or the directors, employees, agents, representatives or advisers of any such party. Cautionary Statement – Observance of Pegmatites The Company notes that pegmatites contain varying abundances of typical LCT pegmatite non-Li-bearing minerals, predominantly feldspar, quartz, muscovite mica (as a group also referred to as Aplite) and accessory tourmaline. Investors should note that while LCT pegmatites are a known host for accessory lithium bearing minerals such as spodumene, it is also known that this is not a universal association. Visual observations of the presence of rock or mineral types and abundance should never be considered a proxy or substitute for petrography and laboratory analyses where mineral types, concentrations or grades are the factor of principal economic interest. Visual observations and estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations. At this stage it is too early for the Company to make a determinative view on the abundances of any of these minerals. These abundances will be determined more accurately through petrography, assay, and XRF analysis. The observed presence of pegmatite does not necessarily equate to lithium mineralisation. It is not possible to estimate the concentration of mineralisation by visual estimation and this will be determined by chemical analysis. Competent Persons' Statement The information in this presentation that relates to exploration results, mineral resources or ore reserves is based on information compiled by Mr Allan Younger, who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Younger is a consultant of the Company. Mr Younger has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the `Australian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves’ (the JORC Code). Mr Younger consents to the inclusion of this information in the form and context in which it appears in this report. Mr Younger holds shares in the Company. The exploration results contained in this presentation were first reported by the Company in its prospectus dated 3 April 2023 and announced to ASX on 27 June 2023, 6 July 2023, 12 September 2023, 3 October 2023, 10 October 2023, 26 October 2023, 4 December 2023, 11 December 2023, 15 December 2023, 29 December 2023 and 3 January 2024. The results were reported in accordance with the 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. The Company confirms that it is not aware of any new information or data that materially affects the information included in the Prospectus or these subsequent announcements. 18 Competent Persons Statement (continued) ASX:DY6 With respect to the Tundulu Project, Mr Younger has not yet visited the site or conducted an in-depth due diligence of the data presented in this announcement. Mr Younger confirms the information in this market announcement is an accurate representation of the available data for the exploration areas mentioned herein, but that further investigation is ongoing. The Information in this report that relates to Exploration Results for the Tundulu Project is extracted from the Company’s announcement titled: “Additional historical drilling results confirms Tundulu REE potential”, dated 27 May 2024. The Company confirms that it is not aware of any new information or data that materially affects the information included in the above original market announcement. Cautionary Statement – Tundulu Project Information is this release is considered as historical by nature, and while all care has been taken to review previous reports and available literature, ground testing and confirmation work is yet to be completed by the Company. The historical laboratory analysis was conducted on a range of drill core by reputable laboratories in South Africa. However, there is no guarantee that these results are representative of the Tundulu deposit until further sampling, drilling, assaying and processing test work is conducted by the Company. The Company confirms that it is not aware of any new information or data that materially affects the information included in this release. Drilling results (Exploration Results) presented in this release have not been reported previously by the former owners and operators of the Tundulu project. As a result, the reported Exploration Results: • • • • • Have not been reported in accordance with the JORC Code 2012 and may not conform with the JORC Code 2012. A Competent Person has not done sufficient work to disclose the Exploration Results in accordance with the JORC Code 2012. It is possible that following further evaluation and/or exploration work that the confidence in the prior reported Exploration Results may be reduced when reported under the JORC Code 2012. Nothing has come to the attention of the Company that causes it to question the accuracy or reliability of the former owner’s Exploration Results; but The Company has not independently validated the former owner’s Exploration Results and therefore is not to be regarded as reporting, adopting or endorsing those results. 19