Kalamazoo Resources : KZR and SQM Pilbara Lithium Transaction Presentation

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Kalamazoo and SQM
Pilbara Lithium Transaction
December 2021	ASX: KZR

ASX: KZR 7 December 2021

ASX: KZR 14 December 2021

ASX: KZR 16 December 2021

Forward Looking Statements

Investment Presentation

This Investment Presentation (IP) is not a disclosure document under Chapter 6D of the Corporations Act nor an offer to subscribe for shares. This IP is specifically provided to the receiving party (Recipient) in response to a request for information from the Recipient about Kalamazoo Resources Limited (Kalamazoo or the Company) and its proposed mineral projects, for the purpose of considering an investment in the Company. This IP is provided by the Company to the Recipient on a confidential and personal basis and is not intended for, and should not be distributed to, any other person. By receipt of this IP, the Recipient agrees that the Recipient will not transmit, reproduce or make available this IP (or any information contained in it) to anyone other than the Recipient's professional advisers without the prior written consent of the Company.

Forward Looking Statements

This IP may contain forward-looking information within the meaning of Canadian securities legislation and forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, forward-looking statements). Statements regarding Kalamazoo's plans with respect to its mineral properties and programs are forward-looking statements. There can be no assurance that

Kalamaz	o's plans for development of its mineral properties will proceed as currently expected. There can
also	be	no assurance that Kalamazoo will be able to confirm the presence of additional mineral
res	urces/reserves, that any mineralisation will prove to be economic or that a mine will successfully be
onlydevel ped on any of Kalamazoo's mineral properties. The performance of Kalamazoo may be influenced by a
number of factors which are outside the control of the Company and its Directors, staff and contractors.
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Pr viously Released ASX Material References
For furth	r details relating to the Company's Projects and information in this announcement please refer to the

following ASX announcements:

ASX: KZR 23 June 2020

ASX: KZR 23 August 2021

ASX: KZR 8 September 2021

Disclaimer

This IP does not purport to contain all the information that a prospective investor may require in relation to the

Company's mineral projects. In all cases, before acting in reliance on any information, the Recipient should ersonalconduct its own investigation and analysis and should check the accuracy, reliability and completeness of the

inform tion and obtain independent and specific advice from appropriate professional advisers. The Company m kes no representation, or warranty (express or implied) as to the accuracy, reliability or completeness of the inform tion. The Company and its respective Directors, employees, agents and consultants shall have no li bility for any statements, opinions, information or matters arising out of, or for any omissions from, this IP, except liability under law that cannot be excluded.

Competent Persons Statement

The inf rmation in this report that relates to Exploration Results for The Sisters, Marble Bar, DOM's Hill and Ashburt n Projects are extracted from the Company's ASX announcements as referred to above (see releases marked *) and are available to view on www.kzr.com.au. 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.

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The information in this IP for the Pilbara Lithium and Victorian Projects is based on information compiled by Dr Luke Mortimer, a competent person who is a Member of The Australian Institute of Geoscientists. Dr Mortimer is an employee engaged as the Exploration Manager Eastern Australia for the Company and has sufficient experience which is relevant to the style of mineralisation and type of deposit 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'. Dr Mortimer consents to the inclusion in this document of the matters based on his information in the form and context in which it appears.

The information in this IP relating to the exploration data for the Sisters and Ashburton Gold Projects is based on information compiled by Mr. Matthew Rolfe, a competent person who is a Member of The Australasian Institute of Geoscientists. Mr. Rolfe is an employee of Kalamazoo Resources Ltd and is engaged as Exploration Manager Western Australia for the Company. Mr. Rolfe has sufficient experience which is relevant to the style of mineralisation and type of deposit 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. Rolfe consents to the inclusion in this document of the matters based on his information in the form and context in which it appears.

The information in this announcement that relates to the estimation and reporting of mineral resources at the Ashburton Project is based on information compiled by Dr Damien Keys, a competent person who is a Member of Australian Institute of Geoscientists. Dr Keys is an employee of Complete Target Pty Ltd who is engaged as a consultant to Kalamazoo Resources Limited. Dr Keys has sufficient experience which is relevant to the style of mineralisation and type of deposit 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'. Dr Keys consents to the inclusion in this document of the matters based on his information in the form and context in which it appears.

The information in this IP that relates to the Mineral Resources for the Ashburton Project is based on information announced to the ASX on 23 June 2020. The Company confirms that it is not aware of any new information or data that materially affects the information included in the relevant market announcements, and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply.

ASHBURTON GOLD PROJECT MINERAL RESOURCES

		INDICATED			INFERRED			TOTAL
	Tonnes	Grade		Ounces	Tonnes	Grade		Ounces	Tonnes	Grade	Ounces	Cut off
			Grade
	(000's)	(g/t)		(000's)	(000's)	(g/t)		(000's)	(000's)	(g/t)	(000's)
			(g/t Au)
Mt Olympus	6,038	2.3		448	9,138	2.2		632	15,176	2.2	1,080	0.7
Peake	113	5.2		19	3,544	3.3		380	3,657	3.4	399	0.9
Waugh	347	3.6		40	240	3.6		28	587	3.6	68	0.9
Zeus	508	2.1		34	532	2.2		38	1,040	2.2	72	0.9
Romulus	-	-		-	329	2.6		27	329	2.6	27	0.9
TOTAL	7,006	2.4		541	13,783	2.5		1,105	20,789	2.5	1,646
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Kalamazoo's Lithium Strategy

• Transaction provides opportunity to create additional shareholder

	value with extensive lithium exploration now funded by Sociedad
	Química y Minera de Chile S.A. (SQM)1
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•	Unrivalled opportunity to JV with SQM, the world's second largest
	lithium producer (~19% global supply)

• Opportunity to discover major lithium resources within Kalamazoo's Pilbara project areas - potentially a

	transformational event
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•	SQM is a high-quality partner with significant lithium exploration, construction and operating experience
	and has made a strong initial commitment to the project with a $12m earn-in
• Common goal of discovering and developing major lithium deposits in Australia, with Kalamazoo
	retaining a minimum 30% interest
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•	First right to acquire respective interests - provides Kalamazoo with upside if smaller project identified

• Transaction enables Kalamazoo to continue directing its financial resources on exploring and developing the 1.65Moz Ashburton Gold Project, The Sisters Gold Project and Victorian gold assets

Our strategy is to acquire and discover mineral projects that create tangible shareholder value

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(Kalamazoo 30% interest and SQM 70% interest)

Kalamazoo / SQM Transaction - Key terms

• SQM to sole fund $12 million of exploration activities over 4 years to earn up to a 70% interest in onlythe mineral rights at Kalamazoo's DOM's Hill and Marble Bar Projects, in the Pilbara
• The mineral rights are to explore, mine and treat any minerals on the tenements
• SQM has the right to exercise its option to form a JV with Kalamazoo as follows:
• • First Earn-in (Kalamazoo 70% interest and SQM 30% interest)

  Second Earn-in (Kalamazoo 50% interest and SQM 50% interest)−

use− Third Earn-in

• After the formation of the JV, the parties must contribute to all JV expenditure in proportion to their

respective JV interest or dilute based on their % interest to maintain their respective interests

• Kalamazoo and SQM to establish a Technical Advisory Committee to determine exploration

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activities
• Kalamazoo is the initial Manager & Operator of the JV
• Kalamazoo and SQM each have a right of first offer to acquire the other party's interest
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Pilbara Lithium Projects

• Recent studies and field work has identified significant LCT pegmatite-hosted mineralisation potential1

• Pilbara Minerals' Pilgangoora Lithium Mine (223Mt @ 1.27% Li2O) - geologic analogue 50kms SW

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•	>25km strike of prospective 1-10km wide Archaean granite-greenstone contact zone, otherwise

known as the "Goldilocks Zone" which is highly prospective for pegmatite-hosted lithium mineralisation

• Multiple priority target areas for potential pegmatite mineralisation have been identified by portable

	XRF ("pXRF") analyses of soil sampling, and validated by high-resolution satellite imagery and field-
	checking
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•	Project wide geochemical soil sampling programs with 5,000m RC drilling set for early 20222
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