Sentinel Metals (SNM) Acquisition presentation summary

Transaction overview

• Acquiring 100% of the Big Springs Gold Project in Nevada, including all tenements, infrastructure, and mining rights, for a total deal value of approximately A$26 million.

• Upfront payment includes A$8.5 million in cash and A$5 million in equity, with additional milestone payments tied to resource delineation or project divestment.

• Conditional capital raise of A$15 million at A$0.58 per share to fund the acquisition and exploration activities.

• Completion subject to shareholder and regulatory approvals, with shares issued to the seller under a 12-month escrow.

Strategic rationale and growth platform

• Acquisition doubles the mineral resource base to nearly 2Moz, creating a robust North American gold growth platform.

• Big Springs complements the existing Columbia Gold-Silver Project in Montana, enhancing portfolio optionality and reducing single-asset risk.

• Localized North American management enables operational efficiencies across both projects.

Project highlights and exploration upside

• Big Springs hosts a JORC-compliant resource of 15.5Mt at 2.0g/t for 1.01Moz gold, with 555,000oz in Measured and Indicated categories.

• Located in Nevada’s Independence Trend, adjacent to major gold complexes and within trucking distance of three processing plants.

• Significant exploration potential with high-grade shoot extensions and largely untested depth targets.

• Drill program ready to execute, targeting resource expansion and high-grade ounces.