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Investor Presentaiton

Wetar Copper Mine Production Information Conventional Open Pit Mining Method Metals Copper Mineralisation Type Process Method Volcanogenic Massive Sulphide ("VMS") Sulphide Heap Leach Plant Capacity - Crushing & Stacking - SX / EW Copper Mineral Reserves¹ Copper Mineral Resources¹ Workforce 2.5 mt 25,000 tpa 114 kt Cu contained 289 kt Cu contained 1,100 employees and contractors Open Pit Mining MERDEKA COPPER GOLD Operational & Financial Performance 2018 2019 H1-2020 Unit Actual Actual Actual Open Pit Mining Ore Mined M Tonnes 1.6 2.3 0.2 Waste Mined M Tonnes 1.4 3.8 0.2 Heap Leach Production Ore Crushed and Stacked M Tonnes 1.7 1.9 0.2 Recovered Metal Cut 17,071 16,777 2,926 Financials Cash Costs US$/ lb 1.49 1.29 3.57 All-in Sustaining Costs US$/lb 1.73 1.86 4.33 Sales Operating EBITDA US$m 112 101 18 US$m 38 41 NR2 Process Plant 1 Source: Company filings. Resources and reserves information as at 31 December 2019 (http://www.merdekacoppergold.com/en/assets/resources-and-reserves) 2 Financial results for Q2 2020 not released 18
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