Lunnon Metals (LM8) Investor presentation summary

Strategic location and asset overview

• Holds a significant position in the St Ives Gold camp and Kambalda Nickel district, covering ~10% of a prolific gold corridor with a history of over 16Moz gold and 1.6Mt nickel production.

• Foster-Baker area is central to major gold and nickel deposits, with proximity to key infrastructure and processing facilities.

• Assets include high-grade, shallow gold and nickel sulphide resources, with underexplored depth potential.

Exploration and resource growth

• Over 70kt nickel and 36koz gold have been discovered and reported to Mineral Resource since IPO.

• Lady Herial gold discovery advanced from first drill hole to fully approved mine in 20 months, with a robust pipeline of additional targets.

• Extensive drilling programs have been executed, including 36.9km RC, 5.7km DD, and 6.0km aircore since Q1 2024.

Financial and operational highlights

• Lady Herial Feasibility Study shows strong pre-tax free cash flow sensitivity to gold price and operating costs, with robust margins at various scenarios.

• Ore Purchase Agreement with SIGMC for Lady Herial: 0.27Mt @ 1.89g/t Au for 16,270oz, with 70% of free cash flow to LM8.

• First mining blast occurred in February 2026, with ore deliveries commencing the same month.

• $6M working capital facility secured; strong cash position of $9.9M as of December 2025.