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Investor Presentaiton

Porphyry Project Concept Study Outcomes Initial Capital Cost Summary Mine Development Processing Plant and Infrastructure Total Operating Cost Summary Tonnes of ore treated Avg gold grade (g/t) Avg copper grade (% Cu) Contained gold ounces Contained copper tonnes MERDEKA USD mn Operating Statistics 332 Mining rate (ore tonnes per annum) 540 Copper Recovery % 872 Gold Recovery % TC & RC Value Royalties 260,000,000 Copper % 0.8 Gold % 0.8 6,018,518 Operating Cost Summary 1,976,000 SLC Mining 2,734,112 Process Plant (Crushing to Concentrate) Contained copper equivalent tonnes . • • Concept Study fully supports move to Pre-Feasibility Study Pre-Feasibility Study - - Infill drilling upgrade resource to Measured / Indicated Hydrogeology, Geotechnical and Structural Geology Mine planning Metallurgy and Processing Other infrastructure Indonesia mining / smelting regulations PT Merdeka Copper Gold Tbk. COPPER GOLD Value 12,000,000 85 70 $90/t and $0.10/lb 4.00 3.75 LOM (USD/t ore) 17.88 8.25 28
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