Investor Presentaiton

Toubani Should Trade Higher Along the Curve Undervalued relative to peers despite compelling strengths EV/Resource trading comparables (US$/oz) and total resource (Moz) 1,2,3,4 45 41 ■EV/ Resource (US$/oz) Total Resource (Moz) 39 40 37 35 34 10 EV/ Resource (US$/oz) GN NW 25 20 30 13 13 13 11 9 Oxide Free-milling Permitted Scale 6.0 5.0 4.0 3.0 Average: US$17/oz 2.0 6 1.0 4 4 5 7 1 0 0 0.0 Predictive OreCorp* Roscan Chesser** Osino Cora WIA Montage Mako Desert Newcore Toubani Golden Rim*** Sarama Marvel Enterprise Value US$m 219 Predictive OreCorp* Roscan Chesser** 107 Osino Cora WIA Montage Mako Desert Newcore Toubani Golden Rim*** Sarama Marvel 41 30 137 12 13 56 7 6 10 10 9 4 EV/ Resource US$/oz 41 39 37 35 34 13 13 11 9 7 6 4 4 1 00 Mineral Resource Moz 5.4 3.3 1.2 0.9 4.1 0.9 1.3 4.9 0.9 1.1 1.7 2.4 2.9 2.9 1.0 Resource Grade g/t 1.7 3.4 1.2 1.8 1.1 1.2 1.0 0.6 1.2 1.2 0.6 0.9 1.2 1.4 1.2 % M&I % 77% 86% 84% 73% 72% 71% 0% 86% 0% 29% 43% 64% 12% 20% 35% Ore Reserve Moz Nil 2.6 Rock Type Ox/Fr Oxide / Fresh Majority Fresh Nil Majority Majority Majority Oxide Fresh Fresh Nil 2.2 0.4 Majority Oxide Nil 3.4 Nil Nil Oxide/ Fresh Majority Majority Majority Fresh Fresh Fresh Nil Majority Oxide/ Transition Majority Oxide Nil Nil Majority Majority Majority Oxide Fresh Fresh Nil ** OreCorp EV calculated as at 4 August 2023 (pre-takeover offer from SilverCorp) Chesser EV calculated as at 8 May 2023 (pre-takeover offer from Fortuna Silver) ***Golden Rim Resource Multiple excludes the Paguanta Silver-Zinc Project Source: FactSet, Company Reports, refer to Slide 34. Notes: 1 as at close of trading on 15 August 2023, 2 EV sourced from FactSet, Company Reports, 3 Resource figures ownership adjusted for multiple calculation, 4 Total resource on a 100% project basis. TOUBANI RESOURCES Total Resource (Moz) 21

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