Investor Presentaiton

AIM Project Wetar (Maluku Province) IMIP (Morowali, Central Sulawesi Province) MERDEKA COPPER GOLD Joint Venture Merdeka Process Ship 700km to Morowali Feedstock 1. Crush/Grind/ Flotation Pyrite Concentrate 2. Roast and Acid Plant Calcine Residue 3. Chloridizing Roast Residue 4. Metal Extraction Products Sold Buyers Sulphuric Acid / Steam (offtake agreement) Iron Ore Pellets (no offtake agreement) Copper, Gold & Silver HPAL JV Stainless Steel JV Other Tsingshan JVs at IMIP On Market Sales 3rd Party Buyers . IMIP Services Power Water Land • Office • Accommodation Transportation • Access • Others Comments • Significant value in spent ore at Wetar (Cu, pyrite (FeS2), Au and Ag) Opportunity to optimise long term production profile across Wetar and AIM Project. Only Soluble Cu recovered at Wetar and other products recovered with AIM Project MOU signed with Tsingshan to develop a pyrite processing plant at the Morowali Indonesian Industrial Park 14

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