Lumina Metals (LMCU) Investor presentation summary

Strategic positioning and resource endowment

• Holds one of the world's largest undeveloped copper and silver resources, ranking #6 globally for copper and #1 for silver by contained metal in Poland.

• Flagship Nowa Sól project hosts 15Mt contained copper and 1.2Boz contained silver, with high measured and indicated grades (1.24% Cu, 38.29 g/t Ag).

• Nowa Sól is a continuous, high-grade Kupferschiefer deposit, averaging 3 meters thick at 1,950m depth, with a 120km² surface area.

• Sulmierzyce project adds 308Mt inferred resource at 2.09% Cu and 31.9 g/t Ag, supporting future growth.

Project economics and operational highlights

• Nowa Sól PEA (2026) projects average annual production of 290Kt copper and 28Moz silver over the first 10 years.

• Base case economics: US$8.3B pre-tax NPV (7%), US$1.6B post-tax NPV, 20.5% pre-tax IRR, 10.8% post-tax IRR, and US$2.5B average annual EBITDA.

• At higher metal prices, post-tax NPV rises to US$9.3B and IRR to 21.8%, with annual EBITDA of US$4.8B.

• All-in sustaining costs (AISC) are among the lowest globally at US$1.17/lb Cu (Yr 1-10 avg).

• Pre-production capex totals US$6,405M, with industry-leading capital intensity of US$16,416/t CuEq.

Infrastructure, permitting, and development timeline

• Project is 25km from an existing smelter, with direct access to highways, rail, ports, and power.

• Well-established permitting process with pre-feasibility, feasibility, and environmental studies scheduled through 2030.

• Letter of intent signed with KGHM for strategic cooperation and concentrate supply.