MetalsTech (MTC) Investor presentation summary

Project overview and resource base

• Sturec Gold Project hosts a JORC (2012) resource of 68.347Mt at 1.22g/t Au and 10.11g/t Ag, containing 2.686Moz gold and 22.210Moz silver (2.868Moz AuEq) at a 0.3g/t Au cut-off.

• Located in central Slovakia, the deposit is part of the Western Tethyan Belt, with historic production of 1.5Moz gold and 6.7Moz silver.

• Mineralisation is open at depth and along strike, with high-grade zones and multiple exploration targets identified.

Recent developments and exploration

• Scoping Study completed in 2024 shows strong economics for an underground-only operation.

• Drilling campaigns are planned for metallurgical testing and resource expansion, with 10 holes for metallurgy and 35 for resource upgrade.

• Pre-Feasibility Study is underway, supported by a recent $9 million capital raise.

Financial and operational highlights

• Scoping Study indicates a pre-tax NPV (8%) of US$768M and post-tax NPV of US$602M, with a 162% pre-tax IRR and 135% post-tax IRR.

• Life-of-mine production is estimated at 1.139Moz AuEq over 9 years, with an AISC of US$1,107/oz and payback in 2.2 years.

• Project is most sensitive to gold/silver prices, less so to cost changes.