Emmerson Resources (ERM) Corporate presentation summary

Strategic positioning and partnerships

• Holds commanding land positions in Tennant Creek (1,800km²) and Macquarie Arc, NSW (500km²), both highly prospective for gold and copper.

• JV with Tennant Mining includes a central CIL processing facility under construction, with commissioning expected in Q2 2025 and commercial production in Q3 2025.

• Receives a 6% gross production royalty from JV mines, with a minimum production payment of $13.7 million due by May 2026 at current gold prices.

• Exploration and mining JVs fund the majority of Tennant Creek activities, while 100% ownership is retained over key assets like Hermitage, Jasper Hills, and Edna Beryl.

• Well-funded with approximately $6 million available for exploration.

Resource base and growth

• Total mineral resources stand at 2.27Mt @ 5.2g/t gold for 376,600oz, with an initial ore reserve of 540,000t @ 4.7g/t gold for 79,140oz.

• Over 200,000oz of gold resources added in the last six months, with significant new high-grade zones identified at Golden Forty and Eldorado.

• High-grade resources from recent discoveries are yet to be incorporated into mine plans or reserves.

• Mine plans include additional inferred resources, and all deposits remain open at depth, indicating further upside.

Exploration upside and project pipeline

• Significant exploration potential remains untapped, with historical mines like White Devil showing potential for resource extensions.

• Drone magnetic surveys and structural targeting are being used to identify new prospects across both northern and southern areas.

• The Hermitage Project has delivered high-grade copper and gold intersections, with follow-up drilling planned for 2025.

• Deposits in the Tennant Creek Mineral Field typically grow after mining commences, as seen historically.