Acquisition of Khoemacau

3 Brownfield expansion to ~130ktpa Khoemacau expansion to leverage off existing infrastructure and proven mining and processing methods Khoemacau ramp-up profile by deposit Mine Output (Mtpa) 9.0 8.0 7.0 Roadmap to ~130ktpa copper production • Resource • Mango • Zeta NE Mining • Zone 5 extensions & expansion deposits to deliver >130ktpa Consistent geology and mineralogy across multiple deposits Increase in Zone 5 production without significant expenditure New UG mines replicate proven mining method at Zone 5 18 6.0 5.0 4.0 3.0 2.0 10 1.0 Zone 5 North • Processing Zone 5 • New 4.5Mtpa process plant, increasing capacity to ~8.2Mtpa Similar metallurgical properties to current operations Infrastructure Internal power line sized to accommodate the expansion Multiple water sources and mine dewatering available Concentrate Sales 2024 2025 2026 2027 2028 2029 2030 • Clean concentrate with high payabilities and low impurities Zone 5N and Zeta NE are outside the silver stream agreement M MMG

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