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Investor Presentaiton

OUR EXPLORATION PORTFOLIO IN ALASKA Alaska regional map Attractive copper and polymetallic options in the prolific Ambler mining district Notes: a. Utqiagvik Deadhorse Red Dog Mine Dalton Highway Kotzebue Nome Bethel Parks Highway Alaska Railroad Anchorage SOUTH32 Ambler Metals JV (50%) • 50% interest in the Ambler Metals joint venture, which hosts two known base metals deposits and numerous, early-stage volcanogenic massive sulphide (VMS) style exploration prospects - Arctic polymetallic deposit is one of the highest grade undeveloped base metals projects globally, with a JORC Mineral Resource estimate of 37Mt averaging 3.06% Cu and 4.30% Zn(a) - Bornite copper deposit is a large, carbonate hosted copper deposit, open at depth and laterally, with open pit and underground potential - Focused on consolidating geological knowledge and advancing engineering studies for Arctic, while monitoring progress on approvals for the Ambler Mining District Industrial Access Project, with a supplemental Environmental Impact Study expected in Q2 FY24 Roosevelt Project (100%) Fully permitted, 10,000m drill program scheduled for the upcoming summer field season, targeting potential copper and zinc mineralisation Arctic Deposit Mineral Resource(a) Bornite Deposit Mineral Resource(a) Classification Mt Cu (%) Zn (%) Pb (%) Ag (g/t) Au (g/t) Ambler Metals JV Roosevelt (100% South32) Indicated 33 3.14 4.43 0.80 49 0.63 Classification Indicated Inferred Mt Cu (%) 40 1.06 38 1.03 N Open Pit 78 1.04 Inferred 4.7 2.55 3.34 0.57 37 0.38 Indicated - Proposed Ambler Mining District Inferred 70 2.29 Industrial Access Project 0 250 500 Open Pit 37 3.06 4.30 0.77 47 0.60 Km Underground 70 2.29 SLIDE 26 As at 30 June 2022. Refer to important notices (slide 2) for additional disclosure.
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