Critical Mineral Reserves - Africa controls 30% of the world's critical mineral reserves, giving it significant leverage [1]

Company Overview - Westgold's market capitalization is A$3.5 billion as of September 10, 2025[21, 22] - The company holds A$364 million in cash, bullion, and liquid investments as of June 30, 2025[21, 22] - Westgold possesses a substantial mineral resource of 16.3 million ounces of gold and an ore reserve of 3.5 million ounces of gold[21] - The company anticipates gold production of 326,000 ounces in FY25 at an All-In Sustaining Cost (AISC) of A$2,666 per ounce[21] Operational Highlights - Westgold operates four processing hubs in Western Australia, with a group milling capacity of approximately 6 million tonnes per annum[21] - FY25 production from Meekatharra was 197,000 ounces at an AISC of A$2,609 per ounce[31] - FY25 production from Cue was 129,000 ounces at an AISC of A$2,752 per ounce[32] Future Plans and Guidance - Westgold projects production between 345,000 and 385,000 ounces of gold in FY26[85] - The company anticipates AISC between A$2,600 and A$2,900 per ounce in FY26[85] - A$50 million is allocated for resource development and exploration[45, 106] - Non-sustaining capital expenditure is estimated at A$270 million for FY26[85] Shareholder Returns - A dividend was declared for FY25, and a share buyback is planned for FY26[90] - The FY26 dividend policy includes increasing the minimum dividend per share to 2 cents and maintaining a maximum dividend payout of 30% of free cash flow[94] - A share buy-back of up to 5% will be undertaken over 12 months[96, 97]

Core Insights - Pan American Silver Corp. (PAAS) has significant mineral reserves, with proven and probable reserves estimated at 452.3 million ounces of silver and 6.3 million ounces of gold as of June 30, 2025, excluding the recent acquisition of MAG Silver [1][8] - The company’s measured and indicated mineral resources are estimated to contain 1,130.6 million ounces of silver and 9.9 million ounces of gold, while inferred mineral resources are estimated at 405.6 million ounces of silver and 8.6 million ounces of gold [2] Exploration and Production - Promising drill results at the La Colorada mine in Mexico have identified high-grade intercepts beyond the current resource area, indicating potential for growth [3] - The exploration efforts at La Colorada have resulted in an addition of 52.7 million ounces of silver to the inferred mineral resource total estimate, allowing PAAS to more than replace production at that mine [4] Acquisition and Strategic Positioning - On September 4, 2025, PAAS completed the acquisition of MAG Silver Corp., gaining a 44% stake in the Juanicipio project, which is expected to produce between 14.7 and 16.7 million ounces of silver in 2025 [5] - The acquisition also includes full ownership of the Larder exploration project and an earn-in interest in the Deer Trail exploration project, significantly enhancing PAAS's production, reserves, and cash flow [6] Stock Performance - Over the past year, PAAS shares have increased by 76.6%, outperforming the industry average growth of 54.5% [7]

Katanning Gold Project, WA Clearing the Way Strong Gold Production and Excellent Financial Returns over a 10-Year Mine Life Precious Metals Summit, Beaver Creek John Dorward, Executive Chairman 9-12 September 2025 ASX: AUC FRA: AU4 For personal use only Disclaimer Important Information The following notice and disclaimer applies to this investor presentation ("Presentation") and you are therefore advised to read this carefully before reading or making any other use of this Presentation or any information co ...

Core Viewpoint - Perseus Mining Limited has updated its estimates of Mineral Resources and Ore Reserves as of June 30, 2025, reporting significant increases in both categories, indicating growth in the company's gold assets [1][2]. Mineral Resources Summary - The total Measured and Indicated (M&I) Mineral Resources are now estimated at 7.8 million ounces (Moz) of gold, with a total of 185.9 million tonnes (Mt) grading 1.30 grams per tonne (g/t) [2][10]. - This represents an increase from the previous year's estimate of 4.9 Moz of gold from 115.9 Mt grading 1.31 g/t [10]. - Inferred Resources are reported at 39.9 Mt grading 1.5 g/t for 1.9 Moz of gold, up from 1.3 Moz from 24.1 Mt grading 1.6 g/t in the prior year [10]. Ore Reserves Summary - The Proved and Probable Ore Reserves total 5.0 Moz of gold, with 116.7 Mt at an average grade of 1.33 g/t [2][6]. - This marks an increase of 2.1 Moz in Ore Reserves compared to the previous year, reflecting the company's strategic reassessment of growth opportunities within its portfolio [3][6]. - The breakdown of Ore Reserves includes 20.9 Mt of Proved Reserves and 95.8 Mt of Probable Reserves [6]. Project-Specific Details - The Edikan Gold Mine contributes significantly to the estimates, with 29.7 Mt of total Ore Reserves at a grade of 1.03 g/t, equating to 980,000 ounces [6]. - The Sissingué Gold Mine and Yaouré Gold Mine also contribute notable amounts, with respective total Ore Reserves of 3.7 Moz and 1.4 Moz [6]. - The Meyas Sand Gold Project (formerly Block 14) includes Indicated Mineral Resources of 3.3 Moz and a Probable Mineral Reserve of 2.9 Moz, which are not included in the main estimates [2][11]. Strategic Insights - The company is focusing on optimizing its portfolio rather than adhering to fixed investment targets for each asset, aiming to balance growth investments with cash margins [3]. - The updated estimates are in accordance with the JORC Code (2012) and reflect a commitment to maintaining high standards in reporting mineral resources and reserves [12][19].

Geopolitical Landscape - The US has initiated discussions with the Cook Islands regarding the development of seabed mineral resources [1] - This development occurs shortly after the Cook Islands formalized cooperation agreements with China, including exploration for undersea deposits [1]

Financial Performance & Guidance - FY25 gold production reached 373 koz, near the top end of the guidance range of 350-380 koz [29] - FY25 All-In Sustaining Costs (AISC) were $2,531/oz, at the bottom end of the guidance range of $2,440-2,740/oz [29] - The company's cash and bullion balance stood at $517 million, representing a $522 million build before debt repayment of $300 million [25, 33, 36] - FY26 gold production guidance is set at 350-380 koz, with Duketon contributing 220-240 koz and Tropicana contributing 130-140 koz [38] - FY26 AISC guidance is $2,610-2,990/oz, including approximately $170/oz of non-cash costs related to stockpile value adjustments [38, 40] Mineral Resources & Ore Reserves - Total Mineral Resources are estimated at 7.54 Moz of gold [21, 141] - Total Ore Reserves are estimated at 1.661 Moz of gold [21, 145] - Duketon's Mineral Resources total 3.26 Moz of gold [21, 141] - Duketon's Ore Reserves total 1.082 Moz of gold [21, 145] - Tropicana (30% ownership) has Mineral Resources of 1.61 Moz of gold [21, 141] - Tropicana (30% ownership) has Ore Reserves of 0.579 Moz of gold [21, 145] Projects & Exploration - An Exploration Target at Ben Hur is estimated to contain between 4.0 Mt and 6.0 Mt at a grade ranging between 2.2 g/t Au and 2.8 g/t Au [15] - McPhillamys has a Mineral Resource of 2.26 Moz of gold [21, 141]

Company Overview - Peel Mining Limited (ASX: PEX) is a copper-focused resources company [2] - The company holds strategic tenure in Tier 1 jurisdictions [25] - Key personnel include James Simpson (CEO/Managing Director) and Rob Tyson (Technical Director) [24] South Cobar Project Resource Base - The South Cobar Project has a resource base totaling 2291 million tonnes @ 220% CuEq for 500kt CuEq [28, 98] - The project contains 5 major deposits and numerous under/untested prospects [28] - The Mallee Bull deposit contains 125kt of copper at 178% Cu [35, 47] - The Wirlong deposit contains 75kt of copper at 175% Cu [35, 48] - The Wagga Tank Open Pit contains 21kt Cu, 72koz Au, 38Moz Ag, 23kt Pb, 25kt Zn [38, 44] - The Southern Nights deposit contains 252kt Zn, 96kt Pb, 13Moz Ag, 59koz Au, 14koz Cu [38] Financials and Shareholding - The company's market capitalization is approximately $349 million based on a share price of 6c [20] - The enterprise value is approximately $335 million [20] - Perth Capital Pty Ltd & Associates holds 204% of shares on issue [21] - Australian Institutions hold 125% of shares on issue [21] Exploration and Development - PFS is substantially complete for Mallee Bull and Wirlong underground mines [44] - Wagga Tank evaluation is underway for inclusion into PFS by March Quarter 2026 [40] - Regional exploration activities have identified high priority targets including Chuchi, Nombinnie, and Beanbah [61, 63]

Financial Performance - The company achieved record free cash flow in Q2 2025, driven by cost control and higher gold prices[16] - The realized gold price increased significantly from $2,342/oz in Q2 2024 to $3,288/oz in Q2 2025[16] - Adjusted EBITDA increased from $1.176 billion in Q2 2024 to $1.914 billion in Q2 2025[16] - The company transitioned to a net cash position of $963 million in H1 2025[15, 30] - Total debt repayments amounted to $550 million in H1 2025[15, 30] Operational Highlights - The company is on track to achieve its 2025 gold production guidance of 3.3 - 3.5 million ounces[13, 14] - Gold production for H1 2025 reached 1.74 million ounces[14] - The company returned approximately $300 million directly to shareholders through dividends and share buybacks[15] - The buyback program was renewed in May 2025, increasing the purchase limit to $1 billion of common shares, with $150 million in total share repurchases in H1 2025[30] Project Development - Construction is advancing at the Odyssey project, which is expected to be Canada's largest underground gold mine with approximately 550,000 ounces per year production[15, 36]

Second Quarter 2025 Results Presentation July 31, 2025 Cautionary notes This presentation, the information contained herein, any other materials provided in connection with this presentation and any oral remarks accompanying this presentation (collectively, the "Presentation"), has been prepared by Alamos Gold Inc. ("Alamos" or the "Company") solely for information purposes. No stock exchange, securities commission or other regulatory authority has approved or disapproved the contained information. This Pre ...