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Investor Presentaiton

HERMOSA HIGHLIGHTS Taylor PFS demonstrates its potential to be Hermosa's first development and deliver attractive returns over multiple stages A low carbon, low impact option in the first quartile of the industry's cost curve Preferred configuration of a conventional 4.3Mtpa plant and dual shaft access (a) III SOUTH32 Potential to be a globally significant producer of metals critical to a low carbon future Located in Arizona, USA close to infrastructure, skilled service providers and supply chains Taylor's large Mineral Resource remains open, while activities to unlock value from Clark and our regional exploration are continuing Notes: a. Refer to important notices (slide 2) for additional disclosure. SLIDE 3
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