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Investor Presentaiton

Merdeka Introduction 5 Assets MERDEKA COPPER GOLD MDKA today consists of five main assets which, in order of management's assessment of future value, are as follows: 1. Tujuh Bukit Copper/Gold Project ("TB Copper Project") 2. Pani Joint Venture ("Pani JV Project") - new expansion project 3. Wetar / Morowali Acid Iron Metal ("AIM Project") - new expansion project 4. Tujuh Bukit Gold Production ("TB Gold Project") 5. Wetar Copper Production 2019 TB Production Gold produced in 2019 was 223,042 ounces • All in sustaining cost ("AISC") of US$620/oz • 19.8 million hours LTI free (1 LTI in March 2020) 2019 Wetar Production • Copper produced in 2019 was 16,777 tonnes • AISC of US$1.86/lb • 7.3 million hours LTI free Management Changes • To reflect the increasing growth profile of the Company, a number of additions to the executive team have been made Mr Simon Milroy has been appointed as Chief Executive Officer Mr Gerick Mouton as Executive Head of Projects Mr Zach Casley as the Executive Head of Exploration and Resources 3
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