Tolu Minerals (TOK) AGM 2025 Presentation summary

Vision and mission

• Aims to define a substantial high-grade mineral resource and become a large-scale gold, copper, and silver producer through resource growth and refurbishment of the historic Tolukuma mine.

• Seeks to leverage existing infrastructure, previous exploration successes, and operating history to develop major new gold, silver, and copper resources, including porphyry targets.

Capital and acceleration strategy

• Raised $25 million in May 2025 to accelerate key projects, following a strategy of capital raising aligned with project identification.

• Focus areas include exploration at ML 104, Mt Penck, and Ipi River, production scale-up, hydro power reinstatement, and transport improvements.

• Dewatering drainage portals and geotube tailings storage are being advanced to support operations.

Exploration and resource development

• Five new diamond drill rigs ordered to expand surface and underground drilling, complementing existing rigs.

• Fieldwork, trenching, and sampling underway, with diamond drilling on Zine and 120 Vein extensions at ML 104.

• Exploration program budgeted at AUD $14.3 million from July 2025 to October 2026, with systematic mapping, sampling, and geophysical surveys.

• Drilling targets include Kunda, Kimono, 120 Vein, Fundoot, and Zine, with infill and step-out drilling to define extensions and improve grade confidence.

• Regional exploration includes phase 2 geochemistry and heli-supported drilling at Karame, Idave, Idula, and Kone.