Investor Presentaiton

Key Investment Highlights ASX-listed exploration and development company focused on gold and copper in Indonesia 1. Proven Location 2. Sihayo Starter Project 3. Tangible Exploration Upside 4. Capable Management Team 5. Strong Indonesian Shareholders 6. Bullish Gold Outlook 1. Assuming gold price of US$1,890/oz flat 2. Page 14 3. Pending forestry permit which is imminent Highly prospective, large scale (>66,000 ha), long tenure in an established gold district, contiguous to the world-class Martabe mine Robust DFS stage Starter Project¹: О LOM gross sales of US$1,198m EBITDA of US$746m О Post-tax NPV 50% of US$268m Clear path to financing, construction and operations Existing JORC Resources & Reserves: О Mineral Resources: 24Mt @ 2.0 g/t Au containing 1.5Moz Au Ore Reserves: 12Mt @ 2.1 g/t Au containing 840 koz Au World-class exploration portfolio consists of multiple drill-ready targets² including: O Hutabargot epithermal gold-silver prospect (potentially analogous to Martabe) Near-mine gold extensions Sihayo 2 copper porphyry target Highly experienced Board and Management team Led by newly appointed Executive Chairman Colin Moorhead Merdeka Mining Servis (MMS)³ is engaged to deliver the project Backed by strong and reliable Indonesian shareholders (also major shareholders of Merdeka Copper Gold) Merdeka market cap US$2.7 bn, with proven track record in developing, operating and financing gold projects Excellent track record and proven ability to secure bank financing о Highly leveraged to gold price and ongoing exploration success PT Merdeka Mining Servis, a wholly-owned subsidiary of PT Merdeka Copper Gold (IDX:MDKA) SIHAYO GOLD

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