Ivanhoe Electric (IE) Corporate presentation summary

Corporate overview

• Focus on critical minerals with an advanced-stage copper project in Arizona and a dynamic U.S. exploration portfolio.

• Technology-driven exploration platform and partnerships with leading global mining companies.

• Strong balance sheet, liquidity, and experienced leadership team.

Santa Cruz Copper Project highlights

• High-grade, advanced copper project on private land in Arizona with a modern underground mine and heap-leach process producing 99.99% pure copper cathode.

• Located in Arizona's industrial corridor with excellent infrastructure access; first copper production expected in H1 2029.

• Short development timeline and experienced project team supported by world-class consultants.

Preliminary feasibility study and economics

• Low initial capital ($1.24B) and operating costs, with a 23-year mine life and 1.5 million tonnes contained copper at 1.08% grade.

• After-tax NPV8% of $1.4B, IRR of 20%, and $5.0B life-of-mine after-tax free cash flow at $4.25/lb copper.

• Payback period of 4.4 years and significant leverage to higher copper prices.