Wallbridge Mining Company (WM) Corporate presentation summary

Strategic positioning and asset overview

• Holds a district-scale land package in Quebec's Abitibi region, with significant gold resources at Fenelon and Martiniere, totaling over 4 Moz indicated and inferred combined.

• Fenelon Gold Project is the flagship asset, supported by a positive 2025 PEA and a 16-year mine life.

• Martiniere Project is being systematically expanded, with recent drilling confirming scale and continuity.

• Operates in a top-tier mining jurisdiction with established infrastructure and a strong technical team.

2025 Fenelon PEA highlights and economics

• 16-year mine life with average annual production of 107,000 oz gold (127,000 oz in first five years).

• After-tax NPV (5%) of $706 million and IRR of 21% at US$2,200/oz gold price.

• Initial capital expenditure of $579 million and sustaining capital of $449 million.

• Total cash costs of $851/oz and all-in sustaining costs (AISC) of $1,046/oz.

• Strong free cash flow generation, averaging $120 million annually after tax.

Project development and operational plan

• Two-year pre-production phase followed by 16 years of production, with phased infrastructure and mine development.

• Mining rate of 3,000 tpd, with ramp-down in final years and open-pit mining in year 16.

• Metallurgical testing shows up to 96% gold recovery using gravity, CIL, and flotation.

• Simple processing flowsheet and dry-stack tailings management planned.