Investor Presentaiton

. • 302 Drill rigs 54 Rotary & RC 196 Diamond 12 Combination 8 A versatile drill fleet in constant evolution 40 Underground 50 new rigs were added to the fleet since 2017 All rigs purchased on the back of long-term contracts Current market value of equipment estimated at $200m New rig has an operational life of 15 to 20 years (ability to refurbish for 10+ years) 70% 60% 50% 40% 30% 20% 10% 0% 2017 2018-Q1 2018-Q2 2018-Q3 2018-Q4 2018 2019-Q1 2019-Q2 2019-Q3 2019-Q4 2019 2020-Q1 2020-Q2 2020-Q3 2020-Q4 2020 2021-Q1 2021-Q2 Current utilization rate is near 60% 13 2021-Q3 2021-Q4 2021 2022-Q1 2022-Q2 2022-Q3 2022-Q4 2022 2023-Q1 2023-Q2 FORACO.COM 2023-Q3 FORACO

View entire presentation