Investor Presentaiton

Wetar Copper Project Production Information Conventional Open Pit MERDEKA COPPER GOLD Operational & Financial Performance Mining Method Metals Copper Mineralisation Type 2017 2018 2019 Unit Actual Actual Actual Open Pit Mining Process Method Plant Capacity - Crushing & Stacking - SX / EW Copper Mineral Reserves Copper Mineral Resources Workforce 2.5 mt 25,000 tpa Volcanogenic Massive Sulphide ("VMS") Sulphide Heap Leach Ore Mined M Tonnes 1.9 1.6 2.3 Waste Mined M Tonnes 1.4 1.4 3.8 Contained Metal Cut 39,384 47,272 66,018 Heap Leach Production Ore Crushed and Stacked M Tonnes 1.9 1.7 1.9 Recovered Metal Cut 23,160 17,071 16,777 Financials 114 kt Cu contained 289 kt Cu contained Operating cost US$/t 29.8 35.4 42.0 Cash Costs US$/ lb 1.05 1.49 1.29 All-in Sustaining Costs US$/lb 1.56 1.73 1.86 1,100 employees and contractors Sales US$m 154 112 101 Operating EBITDA US$m 73 38 41 Open Pit Mining Process Plant Source: Company filings. Reserve information as at 31 December 2019 (http://www.merdekacoppergold.com/en/operation/resources reserves). 13

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