Emerald Resources (EMR) AGM 2025 Presentation summary

Strategic growth and operational highlights

• Transitioning from a single-mine, 100Koz/year producer to a multi-mine, 300Koz/year gold producer, with significant organic growth and no further shareholder dilution.

• Share price increased 51% since July 2024 and 77% since January 2024; cash, bullion, and listed assets reached A$303.6M by September 2025, up 68% year-on-year.

• Became debt-free after final debt facility payment; global resources grew to over 3 million ounces of gold, up 155%.

• Board and management have a strong track record, with five projects delivered on time and on budget in the past 15 years.

Key assets and production performance

• Okvau Gold Mine produced 98,100oz in 2025 at an AISC of US$1,075/oz, generating A$185M operating profit after tax and A$265M cash generation before tax.

• Okvau has produced 431Koz at an AISC of US$879/oz since commissioning in September 2021, with total production of 442Koz to September 2025.

• Resources at Okvau are replenished annually, with ongoing reserve and resource expansion, including near-mine and regional exploration.

Project pipeline and resource growth

• Dingo Range Gold Project (Australia, 100%): 40.1Mt @ 1.1g/t Au for 1.36Moz, including 23.2Mt @ 1.4g/t Au for 1.07Moz; maiden reserve expected early 2026.

• Memot Gold Project (Cambodia, 100%): 31.4Mt @ 1.3g/t Au for 1.34Moz, including 16.9Mt @ 1.9g/t Au for 1.03Moz; fully permitted, with maiden reserve expected early 2026.

• Both projects have significant high-grade intersections and remain open for further resource growth.