Bougainville Copper (BOC) investor relations material

Opening remarks and agenda

• The 59th annual general meeting was held virtually, enabling participation and voting both online and in person.

• Shareholders and proxies could submit questions throughout the meeting, with responses provided during relevant agenda items or afterward if time was insufficient.

• Four items of ordinary business were scheduled: financial statements, election of directors, appointment of auditors, and other business.

Financial performance review

• For the year ended 31 December 2025, a loss of PGK 16 million was recorded, up from PGK 13.4 million the previous year.

• Net assets stood at PGK 73.9 million, down from PGK 80.4 million the prior year.

• Income from interest and dividends was PGK 3.5 million, with realized gains on investments at PGK 8.8 million.

• No dividend will be paid; the company remains debt-free and funds operations through cash and Australian equities.

Board and executive committee updates

• The Autonomous Bougainville Government (ABG) became the major shareholder, now holding 72.9% of shares.

• CEO Johnny Patterson Auna passed away in August 2025; Sir Mel Togolo was appointed acting CEO.

• Sir Melchior Togolo stepped down as Chairman in March 2026, succeeded by Kearnneth Nanei.

• Directors Sir Moi Avei and Peter Maxwell Graham resigned in February 2026.