29Metals (29M) investor relations material

Portfolio and Strategic Overview

• Portfolio includes significant copper, zinc, and precious metals, benefiting from recent price increases.

• Holds two large copper endowments in Australia, supporting over 10-year mine lives and significant exploration upside.

• Group mineral resources total 2.3Mt copper, 2.2Mt zinc, 1.2Moz gold, and 73Moz silver as of 31 December 2025.

• Both assets are in low-risk jurisdictions and offer organic growth and exploration potential.

• Copper accounted for 59% of 2025 group revenue, with zinc, gold, and silver providing additional exposure.

Golden Grove Operational and Financial Performance

• Golden Grove features 63 million tons in mineral resources and over three decades of production history.

• Mine plan optimization and infrastructure investments aim to enable mining of high-grade ore sources from end 2026.

• From 2023-2025, EBITDA increased by 345% and unit costs fell by 11% despite inflation.

• Progressive ramp-up from new ore sources is expected to increase ore mined by ~25% and improve average grades.

• Ongoing investment in surface infrastructure supports operational improvements.

Exploration and Resource Extension

• Both Golden Grove and Capricorn Copper have a strong track record of resource extension through drilling.

• Resource extension drilling at Golden Grove continues to deliver high-grade results, supporting long-term mine life.

• Notable intercepts include 20m at 2.8% copper and 30m at 17% zinc, enabling future cost efficiencies.

• Golden Grove’s Gossan Valley and Cervantes targets remain open at depth, with ongoing drilling planned from underground platforms.

• Capricorn Copper’s Esperanza South and Woolly targets show high-grade intercepts and remain open for further exploration.