Siteminder (SDR) Investor Presentation summary

Business overview and strategy

• Operates high-margin, long-life gold projects in Western Australia, focusing on Karlawinda and Mt Gibson, with total reserves of 4.0Moz and resources of 6.2Moz.

• Pursues organic growth through expansion projects and aggressive exploration, targeting annual production growth to 300koz.

• Led by a proven management team with a track record in mine development, operations, and value creation.

• Maintains a strong balance sheet with $363m cash and gold on hand and a market cap of $3.29bn as of February 2025.

• Focuses on low-cost operations, industry-leading cashflow per ounce, and sustained value accretion.

Karlawinda Gold Project (KGP)

• Produced 351koz over three years at A$1,250/oz AISC, generating $465m operating cashflow and $396m cash build.

• Reserve stands at 1.43Moz with a 10-year mine life and ongoing reserve growth through drilling.

• Expansion project underway to increase throughput to 6.5mtpa and annual production to 150koz, with A$120m capex and 49% IRR.

• Targeted AISC post-expansion is A$1,700/oz, with completion expected in Q4 FY26.

• Regional exploration and recent acquisitions (Sylvania, Deadman Flat) double tenure and add pipeline targets.

Mt Gibson Gold Project (MGGP)

• Reserve upgraded to 2.59Moz, supporting a 17-year mine life and 150koz/yr production at A$1,650–1,750/oz AISC for the first 15 years.

• Project fully funded, with major contracts and permitting underway; first gold targeted 12 months post-permit.

• PFS highlights robust economics: A$3.2bn FCF, 2.3-year payback, and NPV5 of A$1.95bn at A$3,300/oz gold.

• Ongoing drilling delivers high-quality resource growth and emerging underground potential, especially along the Orion trend.

• Regional exploration and Mummaloo acquisition add further growth opportunities near MGGP.