Magnetic Resources (MAU) Earnings Call Presentation

Lady Julie Gold Project Overview - The Lady Julie Gold Project has a total resource of 35.7Mt @ 1.86g/t Au for 2.14Moz Au[19] - The Lady Julie North 4 deposit resource has grown to 31.2Mt @ 1.93g/t Au for 1.94Moz Au[19] - Total Laverton resources grew to 40.7Mt @ 1.77g/t Au for 2.32Moz Au as of June 2025[19] Feasibility Study Highlights - The Feasibility Study (FS) demonstrates compelling economics, with a pre-tax NPV of $970M and a 45% IRR, assuming a gold price of A$4,000/oz[19, 22] - The project anticipates 140koz p.a production at full production over a 9-year Life of Mine (LOM)[19, 22] - The project has an EBITDA of $2,231M and an AISC of $1,908/oz[19, 22] - Maiden Ore Reserve is 18.0Mt at 1.72g/t Au, for 997,300oz[22] Financial and Operational Metrics - The initial capital expenditure for full project development is A$375M[22] - The project has an attractive Life of Mine (LOM) AISC of A$1,908/oz[22] - The EBITDA margin (LOM) is 47%[31]