Lunnon Metals (LM8) Investor presentation summary

Strategic location and asset overview

• Holds a significant position in the St Ives Gold camp, covering ~23km², about 10% of the corridor that has produced over 16Moz gold since the 1980s.

• Assets include both gold and nickel projects in Kambalda, Western Australia, with proximity to major infrastructure and processing facilities.

• Foster-Baker area is central to exploration and development, with a focus on under-explored tenure.

Corporate structure and financials

• Market capitalization of ~$89m as of March 2026, with $9.9m cash and $6.0m debt.

• 223.3 million shares on issue, with an enterprise value of ~$85m.

• Board and management hold 4.4% of shares; St Ives is a major shareholder with 30.15%.

Gold project highlights

• Lady Herial gold project advanced from first drill hole to mining in under two years, with mining commencing in February 2026.

• Lady Herial Ore Reserve: 268,250 tonnes at 1.89g/t Au for 16,270 ounces; total gold Mineral Resource: 1.47Mt at 1.8g/t Au for 84,400 ounces.

• Hustler discovery adds 682kt at 1.4g/t Au for 30,200 ounces, boosting total gold resources.

• Robust feasibility study for Lady Herial shows strong free cash flow sensitivity to gold price and operating costs.

• Ore Purchase Agreement with SIGMC: 70% free cash flow to LM8, 30% to SIGMC.