Peel Mining (PEX) Investor Presentation summary

Strategic position and resource base

• Holds a dominant land position in the Cobar region, a top-tier Australian mining jurisdiction with established infrastructure and a history of major mineral discoveries and M&A activity.

• Maintains a substantial high-grade global resource base of 22.9Mt at 2.20% CuEq, including significant copper, gold, silver, lead, and zinc resources.

• Owns 2,276km² of 100% owned tenure hosting five major deposits and numerous untested prospects, with ongoing drilling and exploration programs.

• No joint ventures, deferred consideration, or third-party royalties on key projects, ensuring full project control.

• Four major deposits discovered at an average cost of A$0.10/lb CuEq, highlighting exploration efficiency.

Project portfolio and development status

• South Cobar Copper Project: 11.3Mt at 2.18% CuEq, with 76% of the resource in the Indicated category; both Mallee Bull and Wirlong deposits remain open at depth and along strike.

• Southern Nights Complex: 10.0Mt at 7.69% ZnEq, with high-grade underground and open-pit resources; significant exploration upside and extension potential.

• May Day gold project: 1.61Mt at 0.98g/t Au, 25g/t Ag, 0.92% Zn, 0.61% Pb, with mineralisation open at depth and along strike.

• Nombinnie and Beanbah prospects: Drilling programs underway or planned, targeting gold and copper mineralisation with strong historical intercepts and geophysical anomalies.

• Curnamona JV (Broken Hill and Anabama): High-impact exploration for zinc-lead-silver and copper-gold, with RHI earning 75% by spending $6.5m.

Growth strategy and exploration

• Active business development targeting value-accretive acquisitions in Australia and North America, focusing on pre-development copper and polymetallic projects.

• Ongoing review of regional processing options and mine development studies for key deposits.

• Extensive drilling and fieldwork programs planned throughout FY2026, including infill, extension, and greenfield exploration.

• Emphasis on assets where technical, permitting, and development work can accelerate value.

• Preference for copper and polymetallic systems aligned with the existing portfolio.