Investor Presentaiton

Economies of Scale the Focus Areas of DFS Update Optimising key parameters that drive production, costs & economics 2021 DFS DFS Update 3.0Mtpa annual throughput Higher throughput rate Processing ~18.0Mt peak stockpiles created Minimise stockpiles Potential Opportunity Increase annual production Reduce unit costs Cash flows brought forward Remove rehandle costs Smaller, selective mining equipment fleet Larger, bulk mining equipment fleet • Reduce unit costs Reduce dilution risk Mining Inferred resources within 2021 DFS pit Reduce stripping ratio Inferred conversion drilling Increase Ore Reserves Note: Refer to the Company's announcement dated 11 July 2023. TOUBANI RESOURCES 16

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