Gold Fields Scheme - Gold Road Board recommends shareholders vote for the Scheme, absent a superior proposal, with an independent expert's confirmation of its best interests[9] - Gold Road entered a binding scheme implementation agreement with Gold Fields on May 4, 2025[9] - Total cash consideration of A$3.40 per share if the Scheme were effective at May 2, 2025, including fixed cash of A$2.52 per share and variable cash of A$0.88 per share based on Northern Star shareholding[9] - The Scheme is progressing on track for October implementation[10] Share Price Performance - Assuming the Scheme was effective on August 1, 2025, the total Scheme consideration was $3.23, representing a 36% premium over the undisturbed last closing share price on March 21, 2025, of $2.38[12] - The $3.23 total Scheme consideration represents a 28% premium over the 30-day VWAP up to and including March 21, 2025, of $2.52[12] - The $3.23 total Scheme consideration represents a 32% premium over the 3-month VWAP up to and including March 21, 2025, of $2.45[12] - Gold Road's share price has outperformed the ASX 200 by 648% from 2015 ($0.43) to 2025 ($3.24)[21] Yamarna Mine Readiness Project - The Gilmour PFS demonstrates a 5-year project with a Probable Ore Reserve of 0.19 Moz at 4.10 g/t Au[23] - The Life of mine free cash flow is $377 million, NPV5 of $231 million at a gold price of A$3,500/oz[25] - The project targets ~50 koz pa at average AISC A$2,004/oz, with an Establishment Capex of $36 million[25] Capital Structure - The Market Cap is A$3,400M as of August 1, 2025[31] - Cash & Equivalents are A$242M as of June 30, 2025[31] - Liquid Investments are A$827M as of July 14, 2025[31]

Financial Performance & Position - Pantoro Gold reported a strong FY25 EBITDA of A$1964 million[32,82] - The company experienced a cash and gold increase of A$72 million in FY25[32,82] - As of June 30, 2025, Pantoro Gold held A$176 million in cash and gold[26,32,82] - Pantoro Gold is debt-free after prepaying Nebari loan facilities approximately 2 years early[32,82] Production & Growth - The Norseman processing plant is operating above nameplate capacity at 12 million tonnes per annum and is readily expandable[21,61] - The company is targeting a medium-term expansion to over 200,000 ounces of gold production per annum[23,64] - FY2026 guidance projects annual gold production of 100,000 to 110,000 ounces[33] - Open pits are expected to deliver 20,000 ounces at 21 g/t during calendar year 2025[59] Exploration & Resources - Pantoro Gold has a large, high-grade mineral resource of 449 million tonnes at 33 g/t for 47 million ounces of gold[20,84] - The company has a A$55 million exploration budget focused on growth at existing mines and new developments[34] - A major project capital of A$67 million is budgeted, including the first major regional exploration program at Norseman in 30 years[35]