Medallion Metals (MM8) investor relations material

Executive summary

• Transitioned from planning to execution with both Ravensthorpe and Forrestania Gold Projects fully permitted and under development, strengthening financial and operational position.

• Completed acquisition of Forrestania, adding significant exploration potential and infrastructure, including the Cosmic Boy Concentrator.

• Secured a US$50 million project loan facility and offtake agreement for copper-gold concentrate.

• Raised over $76 million in equity during the year, with an additional $60 million post year-end.

• Focused on responsible ESG practices, stakeholder engagement, and sustainable development.

Financial highlights

• Net loss after tax for FY26 was $18.6 million, up from $6.1 million in FY25, driven by higher exploration, care and maintenance, and administrative expenses.

• Cash position at 30 June 2026 was $53.9 million, up from $9.4 million a year earlier.

• Net assets increased to $86.3 million from $23.9 million year-over-year.

• Share capital rose to $127.4 million following major placements.

• No dividends declared or paid.

Outlook and guidance

• Early production at Cosmic Boy Concentrator expected in October 2026, initially processing third-party ore.

• Focus on advancing Kundip underground mining, refurbishing Cosmic Boy, and delivering a maiden Mineral Resource Estimate for Lounge Lizard.

• Strategy to establish a high-margin regional production hub and expand resource base.