Acquisition of Khoemacau

5 4,040km² land holding across Kalahari Copper Belt Expansion potential Full geological potential not yet unlocked Current exploration and development pipeline Exploration target High priority targets to feed into resource growth pipeline Discoveries Initial drilling has intersected high-grade Cu Ag mineralisation of comparable widths to Zone 5 Group Existing resources open at depth Large land package Zone 5 Deeps * Zone 5 NE Resource and PEA² PFS2 Production Boseto Zeta NE Kgwebe * Banana Peel 1.7Mt Chalcocite Zone * Zone 9 I ★ South Dome * ------------ 0.6Mt Zone 5 Zone 5N 1.9Mt Several high-quality targets identified Selene South ★ Banana Zone Mango ------- 0.5Mt Baby Banana ------- Strong mineral potential relative to other regional deposits Repeats of existing mineralisation targeted Zone 6 * 0.4Mt 1.4Mt ------ Target ID from 2023 Gravity Survey ------ Bubble size contained Cu Resources 20 20 Dotted bubble indicates resource open at depth with potential upside¹ Based on latest resource estimates / drilling Source: Information presented by the Target Group at https://www.khoemacau.com/our-portfolio/mineral-resources-and-ore-reserve-estimate, with estimation dates varying between August 2014 to April 2023. Notes: 1. Dotted box size is illustrative only. 2. Deposits outside of the Zone 5 Group are at a scoping study level and will undergo typical project review gates which may or may not be executed on. M MMG

View entire presentation