Announcement PDF Kingston Resources Limited Misima Divestment and Corporate Outlook ACCELERATING MINERAL HILL GOLD-COPPER GROWTH AND DEVELOPMENT 20 MAY 2025 www.kingstonresources.com.au I ASX: KSN 1 Important Notices and Disclaimer Corporate Presentation | May 2025 2 Important notices and disclaimer Forward Looking Statements Mineral Hill Gold Bar Certain statements contained in this presentation, including information as to the future financial or operating performance of KSN and its projects, are forward looking statements. Such forward looking statements: include, among other things, statements regarding incomplete and uncertain proposals or targets, production and prices, operating costs and results, capital expenditures, and are or may be based on assumptions and estimates related to future technical, economic, market, political, social and other conditions; are necessarily based upon a number of estimates and assumptions that, while considered reasonable by KSN, are inherently subject to significant technical, business, economic, competitive, political and social uncertainties and contingencies; and involve known and unknown risks and uncertainties that could cause actual events or results to differ materially from estimated or anticipated events or results reflected in such forward looking statements. KSN disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise. The words “believe”, “expect”, “anticipate”, “indicate”, “contemplate”, “target”, “scope”, “plan”, “intends”, “continue”, “budget”, “estimate”, “may”, “will”, “schedule” and similar expressions identify forward looking statements. All forward looking statements made in this presentation are qualified by the foregoing cautionary statements. Recipients are cautioned that forward looking statements are not guarantees of future performance and accordingly investors are cautioned not to put undue reliance on forward looking statements due to the inherent uncertainty therein. Disclaimer No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of KSN, its directors, employees or agents, nor any other person accepts any liability, including, without limitation, any liability arising out of fault of negligence, for any loss arising from the use of the information contained in this presentation. In particular, no representation or warranty, express or implied is given as to the accuracy, completeness or correctness, likelihood of achievement or reasonableness or any forecasts, prospects or returns contained in this presentation nor is any obligation assumed to update such information. Such forecasts, prospects or returns are by their nature subject to significant uncertainties and contingencies. The information contained in this presentation is for informational purposes only and does not constitute an offer to issue, or arrange to issue, securities or other financial products. The information contained in this presentation is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. The presentation has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision, you should consider, with or without the assistance of a financial adviser, whether an investment is appropriate in light of your particular investment needs, objectives and financial circumstances. Past performance is no guarantee of future performance. For further information on the Life of Mine at Mineral Hill referred to in this Presentation, refer to the Company’s ASX Announcement dated 27 June 2023 and 30 September 2024 www.kingstonresources.com.au I ASX: KSN Corporate Presentation | May 2025 3 Important notices and disclaimer Exploration by Other Explorers This presentation contains information sourced from the reports of other Explorers. References to the original reports are provided as footnotes where the information is cited in this presentation. KSN does not vouch for the accuracy of these reports. KSN has taken the decision to include this information as it is in the public domain and as we assess it to be of relevance to shareholders and investors. Production Target The LOM plan includes Mineral Resource Estimates for Pearse pits, the Southern Ore Zone (SOZ) and Jack’s Hut to estimate the Production Target1. All Ore Reserves and Mineral Resources underpinning this LOM plan have been prepared by Competent Persons in accordance with the 2012 JORC reporting guidelines. The Production Target comprises 51% Ore Reserves, 11% Measured & Indicated Resources and 38% Inferred Resources. The first 12 and 36 months of the Production Target are underpinned by 89% and 80% of Measured and Indicated Resources respectively There is a low level of confidence associated with Inferred Mineral Resources and there is no certainty that further exploration work will result in the determination of Indicated Mineral Resources or that the production target itself will be realised. The stated production target is based on the Company’s current expectations of future results or events and should not be solely relied upon by investors when making investment decisions. Further evaluation work and appropriate studies are required to establish sufficient confidence that this target will be met. The Company notes that the Project forecasts a positive financial performance and is therefore satisfied that the use of Inferred resources in production target reporting and forecast financial information is not the determining factor in overall Project viability and that it is reasonable to report the LOM plan with Inferred Resources. The Company has concluded that it is has a reasonable basis for providing the forward-looking statements included in this announcement. The detailed reasons for that conclusion are outline throughout this presentation. 1. See ASX Announcement dated 27 June 2023, 2 April 2024 and 30 Sept 2024, for further detail and key assumptions www.kingstonresources.com.au I ASX: KSN Corporate Presentation | May 2025 4 Mineral Hill – Processing Facility 2 Kingston Investment Highlights Corporate Presentation | May 2025 5 Kingston Resources: Investment highlights Existing gold and silver producer: Mineral Hill copper production commencing FY26, Resource of 760koz AuEq1, open pit and underground Ore Reserves Strong balance sheet: Transaction to divest Misima agreed for total consideration of $95 million Significant expansion potential: Infill, extensional and near mine exploration drilling underway Strategic infrastructure: Opportunity to unlock regional deposits − the only processing solution in southern Cobar 1. See slide on metal equivalents for AuEq and CuEq calculations. www.kingstonresources.com.au I ASX: KSN Corporate Presentation | May 2025 6 The Mineral Hill story so far Transformative return on investment and growth Fully approved with a six-year mine life and multiple targets to extend Dec-27 Jun-27 Dec-26 Jun-26 Dec-25 Jun-25 Life of mine out to 2031 – 6 years Dec-24 Mineral Hill has delivered 42koz of gold sales and $38m in operating cash to date1 Open Pit Mining Open Pit Processing $14m plant refurbishment complete and government approvals in place to expand processing to 700ktpa Investing in local businesses and the community with $31m of Condobolin region expenditure1 UG Mining UG Processing 1. Reporting period from Jan 2022 to Mar 2025 www.kingstonresources.com.au I ASX: KSN Corporate Presentation | May 2025 7 Misima Gold Mine – circa 1995 3 Transaction Overview Corporate Presentation | May 2025 8 Misima transaction overview Successful strategic process delivers significant value for shareholders Transaction Overview • Kingston Resources Limited has entered into a binding definitive agreement to divest the Misima Gold-Silver Project (Misima or the Project) to 100% PNG owned Ok Tedi Mining Limited (Ok Tedi) (the Transaction). • The Transaction will be effected via the sale of Kingston’s wholly owned subsidiary Gallipoli Exploration (PNG) Limited (Gallipoli), which holds a 100% interest in the Project. Transaction Consideration • Under the Transaction, Kingston will receive total consideration of $95 million comprising: • $50 million in upfront cash, payable on completion of the Transaction; • $10 million in deferred cash, payable 12 months post completion of the Transaction; • $10 million in deferred cash, payable on a positive final investment decision (FID) to proceed with the commercial scale development of Misima; and a • 0.5% gross revenue royalty, payable on future gold and copper production from Misima (Royalty), indicatively valued at $25 million. • The Royalty will be uncapped and commence after 500koz of gold or gold equivalent has been produced from the Project. The Royalty will be subject to a buy-back right to Ok Tedi for a value of $25 million. Approvals / Conditions • No shareholder approvals (Kingston or Ok Tedi) are required for completion of the Transaction. • The Transaction is not subject to any financing conditions with consideration to be sourced from existing cash and future cash flows from the Ok Tedi Mine. • Completion of the Transaction remains subject to the following conditions precedent being satisfied or waived by Ok Tedi: • Receipt of approval from the Independent Consumer & Competition Commission (ICCC); • No material adverse change including renewal of exploration licence EL 1747 not being rejected by the Mineral Resources Authority or otherwise forfeited, cancelled or materially varied; and • Other terms and conditions customary for an agreement of this nature, including standard representations and warranties. Completion • Kingston anticipates the Transaction completing during Q1, FY26 following receipt of ICCC approval. Advisors • Argonaut PCF acted as financial advisor and Ashurst as legal advisor to Kingston in relation the Transaction. www.kingstonresources.com.au I ASX: KSN Corporate Presentation | May 2025 9 Ok Tedi company overview Ok Tedi Mining Limited operates the Ok Tedi Mine which is the longest running open-pit copper, gold and silver mine in Papua New Guinea • Ok Tedi is 67% owned by the Independent State of PNG and 33% owned by the people of the Western Province OK TEDI • The Ok Tedi Mine is a large-scale open pit coppergold asset producing a copper, gold, silver concentrate • Ok Tedi generated US$1.5b in revenue in 2024. • The Ok Tedi Mine produces approximately 100ktpa copper, 260kozpa gold and 1Mozpa silver and is capable of processing up to 24Mtpa of ore, with Ok Tedi currently expanding the mine life out to 2050. • Ok Tedi was established in 1981 to mine the Mt. Fubilan copper-gold ore body • Since beginning operations, Ok Tedi has contributed on average 6.2% of PNG’s GDP www.kingstonresources.com.au I ASX: KSN Misima Mt. Fubilan – Mineral Resources Cu (%) Au (g/t) Contained Cu (kt) Contained Au (Moz) Category Tonnage (Mt) Measured 105 0.70% 0.82 735 2.8 Indicated 301 0.54% 0.66 1625.4 6.4 Inferred 13 0.53% 0.68 68.9 0.3 Total 419 0.58% 0.7 2430.2 9.4 Corporate Presentation | May 2025 10 Transaction rationale Kingston now positioned strongly for growth at Mineral Hill Materially strengthened balance sheet with $50 million upfront transaction consideration resulting in a net cash position and repayment of $15 million debt facility in full1 Total consideration is greater than Kingston’s market capitalisation whilst retaining 100% of Mineral Hill Eliminates ongoing cash outflows of up to $4.0 million per year through removal of Misima and debt servicing costs Balance sheet flexibility to accelerate infill and extensional drilling at Mineral Hill as well as regional exploration Provides a strong platform to consider regional growth opportunities complimentary to Mineral Hill and beyond Ongoing upside exposure to Misima with $10 million payable 12 months post completion; $10 million payable on FID2 to develop Misima and a 0.5% uncapped gross revenue royalty3 1. Kingston intends to use its strong financial position to fully repay its existing $15 million secured debt facility with Pure Asset Management. 2. Final Investment Decision 3. Uncapped gross revenue royalty to commence after first 500koz of gold or gold equivalent product has been produced. Royalty is subject to a buy-back right to Ok Tedi for a value of $25m cash. www.kingstonresources.com.au I ASX: KSN Corporate Presentation | May 2025 11 Corporate snapshot 1-Year Share Price Performance Market Volume('000) RHS Shares on issue 822m Close Price (A$) (LHS) 0.12 Warrants & options2,3 168.4m Share price (16/5/2025) $0.09 0.08 Market cap 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 0.1 $76m 0.06 Cash @ 31 March 20251 $12.5m 0.04 Restricted cash for environmental bond $7.4m Debt4 $15m 0.02 0 Shareholder Structure Delphi 14.5% Quintana 8.1% Winchester 7.9% Farjoy 7.4% 1. Estimated Cash balance, as at 31 Mar 2025, excludes $7.4m cash backed environmental bond. 2. 38m unlisted options @ $0.14, exp 31 July 25. 3. 25m unlisted warrants @ $0.0816, exp 07 July 2027, 35.7m unlisted warrants @ $0.0816 exp 29 June 2028, 69.7m warrants @ $0.0879, exp 23 Feb 2028. 4. Debt payback - $5m matures 7 July 2026, $5m matures 23 February 2027,$5m matures 29 June 2027, www.kingstonresources.com.au I ASX: KSN Other 62% Corporate Presentation | May 2025 12 Mineral Hill – Pearse North Open Pit 4 Mineral Hill Expansion Plan Corporate Presentation | May 2025 13 Mineral Hill expansion plan De-risking and expanding the Mineral Hill operations through drilling Target additional underground ore sources by leveraging the two existing underground mines and immediately expand the current underground drilling program to extend the current six-year mine life Undertake near mine surface exploration to target additional open pit and underground discoveries within the current Mining Licence (ML) and EL 1999 with the aim of providing a medium-term ore source Commence greenfields exploration on EL 8334 targeting a significant discovery Strategically located in the southern Cobar Basin to provide a processing solution for third party ore and pursue other accretive growth opportunities www.kingstonresources.com.au I ASX: KSN Corporate Presentation | May 2025 14 Leveraging existing underground mines Two existing underground mines with declines and ventilation systems in place Setting up the long-term future of Mineral Hill • Underground mine life of +5 years • Underground development set to commence early 2026 • Underground drilling program to be immediately expanded to target an additional production source and extend mine life • Existing infrastructure and approvals in place to support extension Southern Ore Zone Underground Mineral Resources1 Class Tonnes kt Cu % Pb % Zn % Au g/t Ag g/t Cu kt Pb kt Zn kt Au koz Ag koz Total 3,776 1.0 1.3 1.1 1.83 17 37 51 40 222 2,038 Southern Ore Zone Underground Ore Reserve2 Class Tonnes kt Cu % Pb % Zn % Au g/t Ag g/t Cu kt Pb kt Zn kt Au koz Ag koz Probable 700 0.8 1.9 1.6 1.4 20 5.5 13 11 30 450 Long-hole open stopes Oblique view of the Southern Ore Zone planned stopes 1. Due to rounding to appropriate significant figures, minor discrepancies may occur, tonnages are dry metric tonnes. 2. See ASX Announcement dated 30 September 2024, www.kingstonresources.com.au I ASX: KSN Corporate Presentation | May 2025 15 Expanding underground drilling programs Targeting resource extensions to increase mine life • Underground diamond drilling at SOZ: commenced in Feb 2025 and to be immediately expanded post transaction SOZ Underground diamond drilling • Focus: infill and extension of existing resources, targeting both stope shapes and high-grade lodes • Resource potential: Targeting depths from 450m down to 1.8km, aligning with typical Cobar-style deposits Mineral Hill www.kingstonresources.com.au I ASX: KSN Peak Corporate Presentation | May 2025 16 To increase scale at Mineral Hill Strategy on expanding Mineral Resources and making new discoveries Brownfields expansion targets Currently 7.2Mt of underground resources High grade gold Plan: GD140 Parkers Hill EOZ • Expand underground drilling • Update Resource estimates • Add other brownfields deposits to the mine plan (currently SOZ and Jack’s Hut only) Existing Production Target1 at SOZ Jacks Hut Copper - Gold Key resource expansion projects: • SOZ infill & extension drilling • Parkers Hill resource update • Jacks Hut and EOZ extensions Recent discovery 12.5m @ 3.41% CuEq Copper-Gold Infill 1. See ASX Announcement dated 21 March 2023 and 30 September 2024 for MRE announcements www.kingstonresources.com.au I ASX: KSN Corporate Presentation | May 2025 17 Targeting additional discoveries Near mine open pit and underground targets identified on EL8334 4 5 EL1999 Surface drilling planned to target open pit and underground prospects within the current ML and EL 1999 • Potential to extend mine life and provide a medium-term ore source • Increasing high margin feed stock adjacent to the plant 2.5km Key target areas: 3 1 SOZ infill & extension drilling 2 2 Parkers Hill – GD140 resource updates 3 Jacks Hut and EOZ extension 4 Bogong target – drilling 5 Regional exploration on EL 8334 – Webers Gossan Long Panel and China Workings www.kingstonresources.com.au I ASX: KSN EL1999 1 EL1999 Corporate Presentation | May 2025 18 Further potential at depth and regionally to be tested Mineral Hill remains open at depth and along the regional trends • Depth of drilling <500m depth • Major mineral deposits in Cobar extend to ~1.8km • Numerous regional exploration targets that will be considered in future drilling (long section looking SW) 13km www.kingstonresources.com.au I ASX: KSN Corporate Presentation | May 2025 19 Further resource growth opportunities regionally Highly prospective greenfields drill targets and geochemical signatures provide significant upside Focus on value-driven exploration: • EL 8334: High-potential targets • Strong soil & geophysical results www.kingstonresources.com.au I ASX: KSN Corporate Presentation | May 2025 20 Strongly positioned to consider complementary opportunities Mineral Hill is the only operating processing facility in the southern Cobar Basin Grow resources and expand daily throughput Today 1,000 tpd 360,000 tpa Target 2,000 tpd Target a doubling of production 700,000 tpa c.70kozpa AuEq Resource growth strategy Mineral Hill Extensions Regional Acquisition Increase grinding & flotation capacity Regional Exploration EL8334 www.kingstonresources.com.au I ASX: KSN Corporate Presentation | May 2025 21 Summary: Focus on ramping up Mineral Hill Leveraging the existing gold-copper asset base while advancing future growth opportunities Experienced Management Team: Focused on maximising returns from Mineral Hill with strong balance sheet flexibility Strategically Located: Mineral Hill positioned central to copper & gold assets with no immediate processing solution Increase Production Rate: Unlock additional cashflow and production from open pit and underground mining Strategic Advantage: Fully approved and operating processing plant with multiple drill targets and growth options Accretive Growth: Ideally positioned to consider Australian based copper and/or gold growth initiatives that complement Mineral Hill operations SOZ Underground Mine www.kingstonresources.com.au I ASX: KSN Corporate Presentation | May 2025 22 Appendix www.kingstonresources.com.au I ASX: KSN Corporate Presentation | May 2025 23 Highly experienced and well-regarded Executive Team Significant experience across the development life cycle through to production Mick Wilkes Andrew Corbett Tony Wehby Stuart Rechner Non-Executive Chairman Managing Director Non-Executive Director Non-Executive Director Mick is a seasoned mining professional with 35 years’ experience in the industry, primarily in gold and base metals. He has specialised in sustainable project development, construction, and operations throughout his career. Andrew is a highly experienced mining engineer with over 25 years in mine management and financial markets. He has an indepth understanding of mining, equity markets, business development and corporate strategy. Tony is a highly experienced board member and chairman, previously Non-Executive Chairman of Tellus Resources Limited and Aurelia Metals Limited, and a Director of Ensurance Ltd. Stuart is an experienced company director and geologist with a background in project generation and acquisition in Australia and overseas. Mr Rechner holds degrees in both geology and law. www.kingstonresources.com.au I ASX: KSN Corporate Presentation | May 2025 24 Building a safe and sustainable culture Investing in our people and our community A large employer in Condobolin ESG framework: safe, responsible and sustainable Investing in our local and residential workforce www.kingstonresources.com.au I ASX: KSN Corporate Presentation | May 2025 25 Mineral Hill – Social Licence Environmental and Social Licence to operate Permits in place for mining and processing Cash backed environmental bonds Tailings capacity in place and expansion plans scheduled Biodiversity offset established www.kingstonresources.com.au I ASX: KSN Corporate Presentation | May 2025 26 Competent Person Statement Competent Person’s Statement - Mineral Resource Reported in Accordance with 2012 JORC Code – Mineral Hill The information in this report that relates to the reporting of the Mineral Hill Mine Mineral Resource Estimate is based on and fairly represents, information and supporting documentation compiled by Mr. Stuart Hayward (BAppSc (Geology)) MAIG ,who is a Member of the Australian Institute of Geoscientists. Mr. Stuart Hayward is a full-time employee of Kingston Resources Limited. Mr. Hayward has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr. Hayward confirms that the information in the market announcement provided is an accurate representation of the available data and studies for the material mining project and consents to the inclusion in this report of the matters based upon the information in the form and context in which it appears. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original report. Competent Person’s Statement - Mineral Resource Reported in Accordance with 2004 JORC Code – Mineral Hill The information in this release that relates to Mineral Resources is based on information reviewed by Mr. Stuart Hayward (BAppSc (Geology)) MAIG, who is a Member of The Australian Institute of Geoscientists and a full-time employee of Kingston Resources Limited. Mr Hayward has sufficient experience in the style of mineralisation and types of deposit under consideration and to the activity he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr. Hayward confirms that the information in the market announcement provided is an accurate representation of the available data and studies for the material mining project and consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. All Mineral Resource estimates were prepared and first disclosed under the JORC Code 2004 and are an accurate representation of the available data and studies for the Mineral Hill Mine. This information has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported. Work will commence on close of acquisition by the Company to bring each of the Mineral Resources into line with the JORC Code 2012. Competent Person’s Statement – Ore Reserve Reported in Accordance with JORC Code – Mineral Hill The Ore Reserve and Mineral Resources estimates were prepared by a Competent person in accordance with the JORC Code 2012 with exception of the Parkers Hill Mineral Resource Estimates that have been prepared by a Competent Person in accordance with the JORC Code 2004 and have not been updated to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported. Pearse, Parkers Hill, Jacks Hut and the Southern Ore Zone Mineral Resource estimates and Ore Reserves have been adjusted by mining depletion using the production wireframes created by the site survey department at the time of mining. These wireframes represent the mining activities at these deposits to the best of Kingston’s knowledge although they are not to be viewed as complete or accurate in their entirety and therefore mining depletion may be revised when Kingston is able to produce revised determinations on more complete data and verification thereof. Information pertaining to Mineral Resource Estimates (MRE) and Ore Reserves (OR) in this presentation has been previously released to the public. The tables on this page indicate the authors of the historical Resources/Reserves and the dates they were initially published. Kingston is not reporting these estimates as its own with exception of the MRE and OR for the TSF which has not been reported previously by any other company. The other original reports are available through the ASX website. The Competent Person signing off on the the overall Pearse Opencut Ore Reserves Estimate is Mr John Wyche BE (Min Hon) BComm CP, of Australian Mine Design and Development Pty Ltd, who is a Fellow of the AusIMM and who has sufficient relevant experience in operations and consulting for open pit metalliferous mines. Mr Wyche consents to the inclusion in this report of the information pertaining Mineral Hill Pearse open pit Ore Reserves in the form and context in which it appears. The Competent Person signing off on the overall underground SOZ Ore Reserves Estimate is Mr Steven Weckert BE ME (Min) CP, of Australian Mine Design and Development Pty Ltd, who is a Member of the AusIMM and who has sufficient relevant experience in operations and consulting for underground metalliferous mines. Mr Weckert consents to the inclusion in this report of the information pertaining to the Mineral Hill SOZ Ore Reserve in the form and context in which it appears. Mineral Resource Ore Reserve Deposit JORC ASX Announcement Competent Person Company Deposit JORC ASX Announcement Competent Person Company Pearse North 2012 KSN 30/9/2024 John Wyche AMDAD Pearse South 2012 KSN 15/03/2023 Stuart Hayward KSN Pearse South 2012 KSN 30/9/2024 John Wyche AMDAD Pearse North 2012 KSN 7/05/2024 Stuart Hayward KSN SOZ 2012 KSN 30/9/2024 John Wyche AMDAD Southern Ore Zone 2012 KSN 30/09/2024 Stuart Hayward KSN Jack’s Hut 2012 KSN 21/03/2023 Stuart Hayward KSN Parkers Hill 2004 KBL 13/09/2011 Anthony Johnston KBL www.kingstonresources.com.au I ASX: KSN Corporate Presentation | May 2025 27 Mineral Hill – Resources & Reserves Attractive commodity base with significant growth potential Total Probable Ore Reserves Measured Resource Inventory Kt Au (g/t) Ag (g/t) Pearse South 140 4.30 85 19 383 Southern Ore Zone 233 2.01 11 1.2% Pearse North 240 3.20 33 25 255 TOTAL 233 2.01 11 1.2% 700 1.40 20 0.8% 1.9% 1.6% 30 450 5.5 13 11 1,080 2.2 31 0.8% 1.9% 1.6% 74 1087 5.5 13 11 Deposit Southern Ore Zone TOTAL Cu % Pb % Zn % Au (Koz) Ag (Koz) Cu (Kt) Pb (Kt) Zn (Kt) Total Mineral Resources Deposit Pearse South • • • • • Kt 204 Au (g/t) 3.77 Ag (g/t) Cu % Pb % Zn % 70 Au (Koz) 25 Ag (Koz) Cu (Kt) Pb (Kt) Zn (Kt) 456 Deposit Kt Au (g/t) Ag (g/t) Cu % Pb % Zn % Au (Koz) Ag (Koz) Cu (Kt) Pb (Kt) Zn (Kt) 0.2% 0.4% 15 80.9 3 1 1 0.5% 0.4% 15 81 3 1 1 450 28 Indicated Resource Inventory Pearse South 164 4.10 85 22 Pearse North 270 3.20 34 28 297 Southern Ore Zone 1,667 1.37 23 1.0% 2.1% 1.7% 73 1,233 16 36 Jack's Hut 608 1.53 7 1.3% 0.5% 0.4% 30 134 8 3 2 Parkers Hill 1,793 0.191 42 1.3% 2.1% 0.9% 11 2,443 23 38 16 TOTAL 4,501 1.13 31 1.1% 1.9% 1.1% 164 #### 47 77 46 Pearse North 292 3.18 34 30 318 Southern Ore Zone 3776 1.83 17 1.0% 1.3% 1.1% 222 2017 37 51 40 Jack's Hut 1640 1.25 20 0.9% 0.8% 0.6% 66 1051 15 14 10 Parkers Hill 1843 0.19 43 1.3% 2.1% 0.9% 11 2520 23 39 17 Inferred Resource Inventory TOTAL 7,755 1.42 26 1.0% 1.4% 0.9% 354 6,364 75 104 67 Pearse South 40 2 5 3 6 Pearse North 22 2.92 29 2 21 Southern Ore Zone 1,876 2.22 12 0.9% 0.8% 0.6% 134 706 18 14 11 Jack's Hut 1,032 1.09 28 0.7% 1.0% 0.8% 36 917 7 11 8 Parkers Hill 50 0.20 48 0.7% 1.8% 2.4% 0.3 77 0.4 1 1 3,020 1.81 18 0.9% 0.9% 0.7% 175 1,727 25 26 20 Corporate Presentation | Nov 2024 28 The Ore Reserve and Mineral Resources estimates were prepared by a Competent person in accordance with the JORC Code 2012 with exception of the Parkers Hill Mineral Resource Estimate, which been prepared