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Investor Presentaiton

OUR EXPLORATION PORTFOLIO IN ARGENTINA The San Juan province of Argentina hosts several copper deposits along a highly prospective mineral belt San Juan province, Argentina N Leonor Regalito Los Helados José Maria Filo del Sol Nevados De Famatina Pascua-Lama Cerro Urcuschum Las Pascualas Veladero Andacollo Los Bronces Sable South32 options (up to 65%) ◆ Los Azules Chita Valley (50.1%) South32 investment ● Altar Aldebaran (9.3%) El Pachon Los Pelambres Notes: a. San Jorge Paramillos Norte Vizcachitas Paramillos Sur 150km SOUTH32 We have invested in greenfield exploration partnerships in the San Juan province since November 2019, targeting copper porphyry style opportunities Chita Valley (50.1%) • We recently exercised our earn-in right with Minsud Resources for 50.1% of the Chita Valley copper porphyry exploration prospect(a) We expect to complete the transaction and assume operatorship in the March 2024 quarter 21,700m drill program underway as part of the year 4 partnership with Minsud Resources Sable Resources Ltd (option to acquire up to a 65% interest in the project) The Don Julio copper project comprises a 69,350 hectare land package prospective for copper, silver and gold. A 5,900m scout drilling program is currently underway Aldebaran Resources Inc. (9.3% equity interest) 9.3% equity interest in Aldebaran Resources Inc., which holds an option to acquire a controlling interest in the Altar porphyry copper development project 15,000m drill program expected to be completed in H1 FY24 We have exercised our earn-in right to acquire a 50.1% ownership interest in Minsud's Argentinian subsidiary (MSA) that holds and operates its flagship Chita Valley project. SLIDE 27
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