Lunnon Metals (LM8) Investor presentation summary

Portfolio and financial position

• At 30 Sep 2026, estimated cash was $43.0m, debt $0m and enterprise value ~$33m; market cap was $76m at a $0.335 share price on 13 Oct 2026.

• Gold Mineral Resources totaled 73,200 oz; nickel Mineral Resources totaled 113,600 tonnes of contained metal.

• Tenure sits within the St Ives gold camp, with Foster-Baker positioned near the Lefroy Gold Plant and Kambalda nickel infrastructure.

Lady Herial delivery

• Open-pit mining began in Feb 2026 and was completed in Aug 2026; 14,910 oz of gold sold in under six months, equal to 100.7% of Ore Reserve.

• Lady Herial generated $39m pre-tax unaudited free cash flow, 3.5% below Feasibility; all-in cost was $2,519/oz, 2.6% above Feasibility.

Gold exploration

• FY2027 exploration budget is $13m, targeting over 43km of drilling across under-explored Foster-Baker ground; goal is one or more significant discoveries.

• Exploration Target is conceptual at 25–30Mt grading 1.5–2.5 g/t Au for 1.2–2.4Moz; further exploration may not result in additional Mineral Resources.

• Current gold Mineral Resources total 73,200 oz at 1.6 g/t Au, comprising 37,000 oz at Lady Herial and 36,200 oz at Hustler.