Metals Acquisition Corp SPAC Presentation Deck

A 1 High-Grade, Long-life Asset that Produces Attractive Copper Concentrate Australian and North American Underground Copper Mine Benchmarking(¹) High-quality Mining Operations Total Reserves Grade (% Cu) 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% $0.00 Carrapateena Prominent Hill PÖ New Afton $0.50 CSA(2) Pumpkin Hollow Ernest Henry 8 Bubble Size Indicates 2022E Payable Copper Production Mount Isa Copper Eloise Q QUE Capricom Copper Minto Kidd Tritton Northparkes $1.00 $1.50 $2.00 2022E C1 Cash Cost (U$$/lb) $2.50 $3.00 Produces high-quality copper concentrate product, with significant quantities of silver Copper concentrate grade of c.26%, with minimal deleterious elements Host rocks are thinly bedded siltstones with strong cleavage and no major dyke or sill intrusions Dry mine with minimal dewatering risks and low level of seismicity Cobar Mining Region: A Tier 1 Mining Jurisdiction Extensive access to key infrastructure ✔ Long mining history and highly supportive of the industry Well-established mining and permitting framework Highly experienced local skilled labour force Stable tax and royalty fiscal regime Sources: Company Information and Wood Mackenzie. (1) Underground copper mines in Australia, Canada and USA producing less than 100kipa payable copper (excluding DeGrussa, which is expected be phased out by the end of 2022). CSA based on management estimates, peers as per Wood Mackenzie; (2) Based on management estimates, using market offtake terms, forward curve commodity prices at March 15, 2022 and assuming full year ownership. Actual results may vary based on date of deal completion. 11

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