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Investor Presentaiton

TAYLOR MINERAL RESOURCE Taylor's large Mineral Resource is expected to underpin Hermosa's first phase of development Taylor Deposit geology and mineralisation (looking south-west) NSR cut-off (US$/t) NSR 15 80 NSR 80 100 NSR 100 130 NSR 130 200 NSR > 200 Notes: a. Refer to footnotes (slide 29) for additional disclosure. 0 Proposed shaft locations Taylor Deposit SOUTH32 138Mt Mineral Resource with a zinc equivalent grade of 8.61% (a) Large orebody with a strike length of ~2.5km and width of ~1.9km Extends to a depth of ~1.2km Comprises the upper Taylor sulphide and lower Taylor deeps domains that have a general northerly dip of 30° Orebody geometry enables concurrent mining from multiple independent areas, supporting the potential for high productivity and throughput Taylor Deposit Mineral Resource Classification Mt Zn (%) Pb (%) Ag (g/t) ZnEq (%) Measured 29 4.10 4.05 57 8.25 Indicated 86 3.76 4.44 86 8.79 10.5 Measured and Indicated 115 3.85 4.34 79 8.65 km Inferred 24 3.73 3.82 91 8.41 Total 138 3.82 4.25 81 8.61 SLIDE 8
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