Project Overview - The Kalgoorlie Nickel Project (KNP) Goongarrie Hub has a project life of over 40 years, with planned production of 30ktpa of nickel and 2ktpa of cobalt[14] - The KNP Goongarrie Hub contains a Mineral Resource Estimate (MRE) of 584Mt at 0.69% Ni and 0.043% Co, for 4Mt of contained Ni and 250kt of contained Co[16] - The project's Definitive Feasibility Study (DFS) is fully funded by Japanese partners Sumitomo Metal Mining (SMM) and Mitsubishi Corporation (MC) up to A$98.5M[21] Partnership and Funding - SMM aims to increase nickel production from 81ktpa (FY23) to 150ktpa[22] - The Consortium (SMM and MC) is funding the DFS up to A$98.5M to earn up to 50% interest in Kalgoorlie Nickel Pty Ltd (KNPL)[21, 137] - Ardea retains 100% ownership of non-Goongarrie Hub KNP projects, including the Kalpini Hub with an MRE of 270Mt at 0.76% Ni and 0.05% Co, containing 2Mt of Ni and 136kt of Co[16, 81] Market and Production - Global MHP and MSP production has increased by over 300% since 2020[33] - Electric Vehicle (EV) sales grew by 28% year-to-date in H1 2025, with 9.1 million units sold[41] - Global energy storage grid deployments increased by 94% year-on-year in January 2025, reaching 13.6GWh[41] Financials and Costs - The Pre-Feasibility Study (PFS) indicates a low C1 Opex before Cobalt credit of US$10,197/t Ni in MHP LOM[65] - The project benefits from a potential 10% refund against processing costs for the first decade under Australia's "Critical Minerals Production Tax Inventive"[70] - The PFS outlines a pre-tax NPV7 of A$7,625M and a post-tax NPV7 of A$4,980M[118]

Investor Presentation Diggers and Dealers, Kalgoorlie ASX: OBM Luke Creagh Managing Director 5 August 2025 For personal use only ORABANDAMINING.COM.AU ORABANDAMINING.COM.AU Forward looking statements IMPORTANT NOTICE AND DISCLAIMER This Presentation dated 5 August 2025 contains summary information about Ora Banda Mining Ltd ABN 69 100 038 266 (Ora Banda Mining or the Company) and its activities based on information available at the time of preparing the Presentation. The information contained in this Presen ...

Brightstar's Strategic Positioning and Growth - Brightstar has substantial Mineral Resources of 3.9 million ounces at 1.5g/t Au[22], positioning it uniquely among ASX developers - The company's strategic focus is now on organic growth through resource and reserve upgrades, along with production expansion[22] - The Laverton-Menzies DFS demonstrates compelling Stage 1 economics, with a LOM Free Cash Flow (FCF) of $461 million and an NPV8 of $316 million[22] - Brightstar aims for a Group production profile of over 200,000 ounces per annum by 2029, with the Sandstone processing plant construction planned for the second half of CY27 and first gold production in the second half of CY28[9] Laverton-Menzies Project and Production Expansion - Near-term production growth is targeted to reach approximately 70,000 ounces per annum[24] - The Laverton-Menzies DFS outlines a 5-year production plan, peaking at 91,000 ounces per annum and averaging around 70,000 ounces per annum, supported by Ore Reserves of 235,000 ounces at 1.7g/t Au[42] - The DFS projects an NPV8 of $316 million, an IRR of 73%, and a LOM FCF of $461 million at a spot price of $5,000/oz[42] - The project targets a low-cost operation with LOM unit costs of C1 $2,388/oz and AISC $2,991/oz, achieving payback within one year at the spot price[42] Sandstone Consolidation and Development - The acquisition of Aurumin Ltd consolidates the Sandstone district, establishing a district-scale open pit development opportunity[22] - The proforma Sandstone Mineral Resource grows to 2.4 million ounces at 1.5g/t Au[71] - A Pre-Feasibility Study (PFS) is underway, evaluating a 3-5Mtpa central Sandstone processing capacity, with results expected in the first half of CY26[73] - The company is targeting a Final Investment Decision (FID) for the Sandstone Hub by CY27[73]

Lynas' Investments and Expansions - Lynas' 2025 investments are largely complete[14] - Over A$1.5 billion has been invested in expansion capital in the past 5 years[49] - Mt Weld is set for the next decade with increased capacity, improved efficiency, and enhanced sustainability[16, 24] - The Kalgoorlie facility is integrated into global operations with a feedstock capacity to produce ~9.0ktpa NdPr finished product[18, 31] - Lynas Malaysia upgrades create a future-facing facility with expanded processing capacity targeting 12kt p.a NdPr finished product[20] - Lynas Malaysia has an uplift to 10.5kt pa capacity for Solvent Extraction and Product Finishing production capacity[20, 36] Market and Supply Chain Dynamics - Lynas expects recent industry-shaping initiatives by the U S Administration to lead to a larger "rest of world" rare earths industry[41] - Customers have increased understanding of risks of concentrated supply chains and are taking action[45] Australian Operations and Supply Chain - 74% of suppliers to Australian operations are WA headquartered companies[40] Mineral Resources and Ore Reserves - In 2024, Lynas announced a 92% increase in Mineral Resources and a 63% increase in Mt Weld Ore Reserves[53]

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]

Financial Performance and Guidance - Aeris Resources targets FY26 copper equivalent production of 40-49kt[20, 85], compared to 421kt in FY25[91] - The company anticipates mine operating costs between $302-369 million in FY26[26], while in FY25 the costs were $3449 million[91] - Sustaining capital is projected at $57-70 million for FY26[26], compared to $694 million in FY25[91] - Growth capital expenditure is estimated at $65-80 million for FY26[27], significantly higher than the $351 million spent in FY25[91] - Exploration expenses are budgeted at $18-23 million for FY26[27], a substantial increase from the $98 million in FY25[91] Operational Strategy - Aeris Resources plans to sell non-core assets, including North Queensland assets, and is considering others[23] - The company aims to repay debt by August 2026 through asset sales and potentially hedging strategies[23] - A key focus is on extending mine lives through greenfield exploration[23] Tritton Operations - Tritton is a cornerstone asset with approximately 450kt of copper produced since 2005 and over 300kt still in Resource[30] - FY26 copper production guidance for Tritton is 24-29kt, a 37% increase compared to FY25[30, 35] - Murrawombie Pit ore is expected to provide approximately 50% of the FY26 mill feed[37] Cracow Operations - Cracow's FY26 gold production guidance is 36-46koz, a 9% decrease compared to FY25[54, 58]

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ASX: MI6 Advancing one of Australia's largest undeveloped gold projects For personal use only 2.3Moz Bullabulling Gold Project Diggers & Dealers and Site Visit Presentation 4 August 2025 Luke McFadyen, Managing Director Important Notes and Disclaimer Overview This presentation contains summary information about Minerals 260 Limited (ACN 650 766 911) (Company) and is current as of the cover date. The information in this presentation is of a general background and does not purport to be complete. This present ...

Project Overview - Arafura Rare Earths is developing the world's most advanced construction-ready rare earths project, offering a non-China alternative [1] - The Nolans Project has a mine life of over 38 years and is strategically located with access to existing infrastructure [28, 31, 47] - The project is construction-ready with environmental permits and approvals in place, and over US$40 million has been spent on site works to de-risk the project schedule [35] Financials and Funding - The project's NPV8 after tax is estimated at US$1,729 million (base) and US$2,549 million (incentive) [30] - The company is targeting 60% of equity funding through Cornerstone Investors [40] - Over US$1 billion of debt and completion support has been conditionally approved [40, 48] - NRFC has committed to a A$200 million investment [48] - KfW has an investment of US$113 million subject to conditions [40, 41] Market and Demand - The rare earth magnet exports to the US experienced a 93.3% year-on-year decline in May 2025 [13] - Demand for NdPr oxide is projected to grow at a 7% CAGR from 2024 to 2035, requiring an additional supply of nearly 60kt by 2035 [17] - Robotics is an emerging thematic with a CAGR of approximately 22% between 2024 and 2035, with humanoids forecast to be a US$5 Trillion market by 2050 [17] Production and Cost - The Nolans Project is projected to produce 4,440 tpa of NdPr oxide [28, 47] - The project is expected to be in the first quartile of the cost curve [29, 48] - The project will produce 573 tpa of SEG/HRE Oxide [29]

Northern Star Overview - Northern Star sold 1,634 koz of gold in FY25 [12] - The All-in Sustaining Cost (AISC) for FY25 was A$2,163/oz [12] - Net mine cashflow for FY25 reached A$1,189 million, with cumulative net mine cashflow from FY12-1H FY25 totaling A$32 billion [17] - Cumulative dividends from FY12-1H FY25 amounted to A$14 billion [17] KCGM Operations - KCGM's Mineral Resources have increased by 104% since acquisition [24] - Ore Reserves at KCGM have increased by 48% since acquisition [24] - FY25 gold production at KCGM was 419 koz [28] - Production guidance for FY26 at KCGM is projected to be 550-600 koz [28] - The KCGM Mill Expansion project is expected to deliver approximately 900 kozpa from FY29 onwards for 10 years [28] - As of March 31, 2025, KCGM's total Mineral Resources were 836,282 thousand tonnes at 14 gpt, containing 38,867 thousand ounces of gold, and total Ore Reserves were 363,973 thousand tonnes at 12 gpt, containing 14,441 thousand ounces of gold [63] Yandal Operations - Yandal Production Centre FY25 AISC: A$2,317/oz [35] - Jundee AISC: A$2,064/oz [35] - Thunderbox AISC: A$2,629/oz [35] - FY26 AISC guidance: A$2,600-2,900/oz [35] - Yandal targets 500–550koz to control future cost base [35] Pogo Operations - Pogo sold 283 koz of gold in FY25 [40] - The AISC for FY25 was US$1,341/oz [41] - Net mine cash flow for FY25 was US$297 million [44] - As of March 31, 2025, Pogo's total Mineral Resources were 19,111 thousand tonnes at 100 gpt, containing 6,163 thousand ounces of gold, and total Ore Reserves were 9,130 thousand tonnes at 72 gpt, containing 2,126 thousand ounces of gold [64]