The Case for Kun-Manie

Kun-Manie Project - Moving Towards Development 2023-FULL PRODUCTION Amur Minerals START OF RAMP-UP 2021 CONSTRUCTION START 2020 2020-DEVELOPMENT DETAILED ENGINEERING 2022 METALLURGICAL WORK • INFRASTRUCTURE & ENVIRONMENTAL WORK ⚫ DEFINITIVE FEASIBILITY STUDY AMUR MINERALS KUN-MANIE PROJECT PERMITTED UNTIL 2035 DRILLING RESULTS MIGI 2007 Ni-341,000tn, Cu- 95,500tn 2008 2009 2010 2011 2012 Ni-650,600tn, Cu- 178,400tn 2013 2014 2015 2016 2017 Ni-769,000tn, Cu- 206,000tn, Co-15,000tn FUTURE PRE-FEASIBILITY STUDY Currently being finalised. Outotec & RPM engaged C1 Cash Cost expected to be Lower 2nd Quartile (Cost to rail siding $1.78/lb, calculated by RPM). Concentrate or matte being assessed. 17

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