Ivanhoe Electric (IE) Corporate presentation summary

Strategic positioning and leadership

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

• Technology-driven exploration platform leveraging proprietary geophysical and data inversion technologies.

• Partnerships with leading global mining companies, including BHP, Maaden, and SQM, to enhance exploration opportunities.

• Experienced leadership team with a proven track record in mine development and exploration.

• Strong balance sheet and liquidity to support project advancement.

Santa Cruz Copper Project highlights

• High-grade, advanced copper project on private land in Arizona, designed for modern underground mining and heap-leach processing.

• Project targets 99.99% pure copper cathode production, supporting U.S. industry and supply chain security.

• Located in Arizona's industrial corridor with excellent infrastructure access.

• Short development timeline with first copper production targeted for 2H 2028.

• Significant expansion potential from large existing mineral resources beyond the current mine plan.

Project economics and development

• Preliminary Feasibility Study completed in 2025, showing low initial capital and operating costs.

• After-tax NPV8% at $5.00 copper is ~$2.1B, with a 25% after-tax IRR and a 4.4-year payback period.

• Life-of-mine copper production estimated at ~1.4 million tonnes over 23 years.

• Initial capital expenditures of $1.24B and unit cash operating costs of $1.32/lb.

• Mine design features modern equipment, electric fleet, and advanced grade control technologies.