Montage Gold (MAU ) Corporate presentation summary

Strategic vision and leadership

• Aims to become a premier African gold producer by leveraging in-house construction and exploration expertise, focusing on long-life, low-cost assets and disciplined capital allocation across multiple countries and mines.

• Leadership team and board have extensive experience in African mining, project development, and exploration, with a strong track record in Côte d'Ivoire and West Africa.

Asset portfolio and project pipeline

• Koné Gold Project is the flagship asset, with a 16-year mine life, 4.0Moz probable reserves, and 5.9Moz M&I resources across nine deposits, targeting over 300koz annual production in the first 8 years.

• Didievi Project, acquired in 2026, hosts an inferred resource of 989koz at 2.5g/t Au, with ongoing 40,000m drilling and potential for standalone development.

• Exploration portfolio includes advanced greenfield projects in Côte d'Ivoire, Mauritania, and Guinea, with over 52 targets identified and strategic partnerships to expand regional footprint.

Operational and financial performance

• Koné project construction is ahead of schedule and on budget, with first gold pour expected in late Q4-2026 and hard rock circuit completion in Q2-2027.

• Project economics are robust: $4.8B post-tax NPV5% at $4,000/oz, 93.9% IRR, and 1.0-year payback at $4,000/oz gold price.

• All-in sustaining cost (AISC) is $1,195/oz LOM at $4,000/oz, with low capital intensity and significant funding headroom secured through a mix of equity, streams, and debt.