Investor Presentaiton

MERDEKA COPPER GOLD Pani Gold Project Pani is a significant undeveloped gold resource located across two adjacent mining tenements¹ in Gorontalo Province, Northern Sulawesi Pani is expected to become a long-life and low-cost gold mine with the potential to produce a significant amount of gold Pre-development construction activities continued across site, with the development of an independent access road, establishment of accommodation facilities and supporting infrastructure ensuring the construction ramp up from 3Q 2023 A 55,000 - 70,000 metre drilling campaign is planned for 2023 with 11 diamond drill rigs currently operating on site targeting the Baganite zone and infilling areas of the resource, with a further two diamond drill rigs performing sterilisation drilling Feasibility work is focused on optimising the project capital, mining schedule and maximising throughput and recovery opportunities from the early mining years, using conventional processing methods. Completion targeted for late 3Q 2023 with final investment decision shortly after West 500 mRL 250 mRL 0 150 300 metres Combined Pani Gold Project Schematic Section LOCATION MAP SECTION LINE GSM Pani COW PETS Pani IUP MERDEKA PT. MERDEKA COPPER GOLD TBK. PAINI GOLD PROJECT WEST-EAST CROSS SECTION OF THE PANI GOLD PROJECT Looking North, section width 20 m DRAW NO.: 001/PAN/1/2023 DATE: 25 January 2023 COW BOUNDARY IUP BOUNDARY IUP BOUNDARY COW BOUNDARY 388000 mE Pani Gold Project Mineral Resource Estimate (cut off grade 0.2g/t Au) 389000 mE Maiden combined mineral resources of 263.6Mt at 0.75 g/t Au containing 6.4Moz of gold² East 500 mRL 250 mRL 1. Merdeka's 70% effective economic ownership in Pani Gold Project is via controlling interests in both PBJ/Pani IUP (~83.35%) and GSM/Pani CoW (~50.1%) 2. Pani resources update (https://merdeka coppergold.com/wp-content/uploads/2023/02/Pani-February-2023-Mineral-Resource-Estimate.pdf) 11

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