Investor Presentaiton

MERDEKA COPPER GOLD Merdeka Project Developments Overview Merdeka is advancing multiple operations and growth projects through exploration, feasibility study and development phases Tujuh Bukit Gold Mine Wetar Copper Mine Tujuh Bukit Copper Project Pani Gold Project AIM Project Prior to 2022 Produced first gold in 2017 Achieves nameplate production of ~20,000tpa 2022 2023 2024 2025 2026 2027 Future annual production guidance of 120,000 to 140,000 ounces of gold Future annual production guidance of 16,000 to 20,000 tonnes of copper. Source of pyrite for AIM Major underground drilling. Concept study completed PFS completion Feasibility, Development, Production Pani IUP and Pani Contract of Work combined Early works & feasibility study Development Construction in progress Construction completed. Acid supply to HPAL Future Production and Expansion Ramp up of Production & New Plants SCM Mine Acquisition, Feasibility and Mining First saprolite ore sales. Upgrade of haul road First limonite ore sales to HPAL plants Expected to mine ~65Mtpa of nickel ore Future Production and Expansion RKEF Smelters Acquisition, Feasibility and Production Two existing RKEF smelters Industrial Park / Acquisition, Feasibility and Planning HPAL Production Assets Growth Assets Construction of 50ktpa NPI smelter, nickel matte capability Further Development, Ramp up of Production Merdeka Battery Materials Development of IKIP with a focus on HPAL plants 24

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