Lumina Metals (LMCU) investor relations material

Strategic project overview

• Three large-scale copper-silver assets in Western Poland leverage the unique Kupferschiefer geological anomaly, offering high grades and significant scale.

• Current resources total 15 million tons of copper and 1.2 billion ounces of silver, representing one-third of Poland's total metal resource.

• Flagship Nowa Sól project projects annual output of 290,000 tons copper and 28 million ounces silver over the first decade, ranking among the world's largest discoveries since 1950.

• Projects benefit from proximity to established infrastructure, including smelters, rail, highways, and skilled labor, reducing capital intensity.

• 2026 marked a transformational year with a $300 million IPO, strong institutional backing, and ongoing pre-feasibility studies.

Resource growth and development plans

• Active drilling at all three projects aims to expand the mineral resource inventory.

• Letter of intent signed with KGHM for strategic cooperation and copper concentrate supply.

• Plans to list on the New York Stock Exchange to broaden investor base and increase capital markets presence.

• Management team brings extensive experience from major mining companies, with 90% of employees based in Poland.

• Kupferschiefer mineral horizon enables bulk underground mining, supporting long-term district development.

Silver strategy and financial flexibility

• Silver inventory of 1.2 billion ounces positions the company as the largest publicly traded silver developer.

• Silver revenue accounts for 40–50% of total at current prices, with options to monetize via streaming or spinout.

• Only a fraction of the silver resource could fund most of the copper mine development.

• Modular mine development allows for flexible funding and staged construction.

• Pre-feasibility study and mine plan will clarify silver value and monetization options.