Tanami Gold Nl · ASX:TAM
Tanami Gold Nl — Investor Presentation (May 2026)
37 slides from Tanami Gold Nl's investor presentation, May 8, 2026
Slide 1: Central Tanami Project Investor Presentation
TANAMI GOLD NL ASX : TAM For personal use only Central Tanami Project A 2.8Moz gold project in Australia's Northern Territory; With essential permits now being progressed, a production track record, key infrastructure and well-funded JV partner with a similar desire to accelerate development Investo
Slide 2: Disclaimer & Competent Persons Statement
IMPORTANT NOTICE Disclaimer & Competent Persons Statement For personal use only This presentation has been prepared by Tanami Gold NL (ACN 000 617 810) (TAM or the Company). It contains summary information about TAM and its activities current as at the date of this presentation. The information is o
Slide 3: Tanami's Value Proposition
INVESTMENT CASE Tanami's Value Proposition For personal use only 01 De-Risked Historical Production Groundrush produced 611koz at 4.0 g/t between 2001-05. The current block model reconciles to within 5% of historical ounces, supporting model integrity. 1.2Mtpa CIL plant originally commissioned in 19
Slide 4: MGX Resources Significantly De-Risks FID
JV PARTNER MGX Resources Significantly De-Risks FID For personal use only ~A$460m MGX Resources (ASX:MGX) Market Capitalisation A$415m Cash on balance sheet; nil debt Paid to Northern Star for the 50% CTPJV interest (July 2025 A$50m binding agreement; completed on 6 February 2026) MGX has publicly c
Slide 5: Capital Structure
CORPORATE SNAPSHOT Capital Structure CAPITAL SNAPSHOT MAJOR SHAREHOLDERS For personal use only Ticker ASX : TAM Shareholder Holding Shares on Issue 1,175.4m APAC Resources Ltd 43.4%** Share Price A$0.092 Perth Select Seafoods 3.83% Market Capitalisation A$108m Cash (TAM standalone) A$12.9m Jetosea 3
Slide 6: Governance with a Proven Mining Track Record
BOARD OF DIRECTORS & KEY PERSONEL Governance with a Proven Mining Track Record For personal use only Arthur Dew Brett Smith Non-Executive Chairman Executive Director Director since December 2011 Executive Director since May 2026 Barrister (University of Sydney). Extensive public company governance a
Slide 7: Australia's Highest-Endowed Gold District
DISTRICT CONTEXT Australia's Highest-Endowed Gold District >25Moz For personal use only CTP is north of the Newmont Tanami Operations (Callie deposit). One of Australia's largest underground gold mines, complex, in continuous production since 1983 and averaging ~400-500kozpa1 over the last decade. ~
Slide 8: A Production-Ready District
DISTRICT SCALE A Production-Ready District 550000E 600000E 7900000N Attribute Detail For personal use only EL28283 Location 650km NW of Alice Springs, NT EL28282 Tenement package 2,108 km² | ~135 km strike 50km from exis ting Historic district production ~2.1 Moz since 1980s mi ll Groundrush histori
Slide 9: 31Mt at 2.8 g/t for 2.8Moz Contained Gold
MINERAL RESOURCE ESTIMATE 31Mt at 2.8 g/t for 2.8Moz Contained Gold UG+OP Deposit Group Measured Indicated Inferred Total Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces For personal use only (000's) (g/t) (000's) (000's) (g/t) (000's) (000's) (g/t) (000's) (000's) (g
Slide 10: Central Tanami Project – Under Explored District
ASSET OVERVIEW Central Tanami Project – Under Explored District For personal use only 2,108 km² Tenure - ~135 km Strike Tanami Gold NL | ASX:TAM | May 2026 10
Slide 11: Key Project Attributes
For personal use only Key Project Attributes A proven, multideposit gold camp with ~2.0Moz of historic production, existing CIL processing infrastructure, and a 2,108 km² tenement holding encompassing 52 known gold deposits across granted mining leases. 11
Slide 12: Historic CIL Mill Onsite
EXISTING INFRASTRUCTURE Historic CIL Mill Onsite 1.2 Mtpa CIL Plant For personal use only 1.2Mtpa CIL plant originally commissioned in 1987, last operated by Newmont 2001- 2005 treating Groundrush ore, on care & maintenance since. GRES studies underway to assess refurbishment vs. replacement, scoped
Slide 13: Five Deposits Inside 45km of the Mill
MINE CORRIDOR Five Deposits Inside 45km of the Mill Groundrush detailed separately Jims For personal use only 23 km south of the mill 2.6 Mt @ 2.7 g/t for 220 koz (OP + UG). 900 m strike defined; open down-plunge, along strike. • 3.80m @ 268.34 g/t Au from 317m, Jims (JPRCD0007) 6 • 13.00 m @ 5.14 g
Slide 14: Cornerstone Deposit with a Production Track Record
GROUNDRUSH Cornerstone Deposit with a Production Track Record For personal use only 611 koz HISTORICAL PRODUCTION Normandy / Newmont, 2001–05 3 1.2 Moz CURRENT MRE @ 3.3 g/t 5.5 Mt Ind. + 5.9 Mt Inf., open at depth 2 Groundrush long section — green: UG MSO stope wireframes; brown: historical OP shel
Slide 15: Macmahon Selected for the Exploration Decline
GROUNDRUSH DECLINE DEVELOPMENT Macmahon Selected for the Exploration Decline For personal use only ~3,500m The Contractor of decline development at Groundrush, plus portal and ventilation raise. Macmahon Holdings A$38m Contract value ASX:MAH Indicative contract value (on a 100% CTPJV Basis) over a 1
Slide 16: Groundrush Exploration Decline Visualisation
GROUNDRUSH DECLINE DEVELOPMENT Groundrush Exploration Decline Visualisation For personal use only Tanami Gold NL | ASX:TAM | May 2026 16
Slide 17: Jim's Exploration Upside
JIMS RESOURCE OPTIMISATION Jim’s Exploration Upside For personal use only Drilling planned through FY26–FY27 • 13.00m @ 6.61 g/t Au from 280.00m in JPRCD0025 1 • 12.17m @ 6.94 g/t Au from 386.24m in JPRCD0012 2 • 8.85m @ 3.64 g/t Au from 426.45m in JPRCD0017 2 • 13.00m @ 5.14 g/t Au from 81.00m in J
Slide 18: Conceptual Refractory Upside - 1.25Moz
OPTIONALITY Conceptual Refractory Upside - 1.25Moz For personal use only Flotation Bolt-on Cost • 1.25Moz sits on CTPJV ground, already drilled to resource classification, and within a one-hour truck of the existing mill. A$40m • MJM / MineScope / AFX Commodities scoping work has identified this mat
Slide 19: Key Project Milestones
CATALYST TIMELINE Key Project Milestones For personal use only ~33,000 m of Drilling ~8,200 m of Drilling Estimated activity First ore subject to Project Study Updates, approvals & drilling completion over the next 12-18 Committed activity months. Note: Evolution Capital estimates. Analyst assumptio
Slide 20: Capital Raise Overview
For personal use only Capital Raise Overview Equity Raising Rationale, Sources and Use of Funds and Transaction Timetable 20
Slide 21: Entitlement Offer Summary
ENTITLEMENT OFFER SUMMARY Entitlement Offer Summary • 1 for 1 pro-rata renounceable entitlement offer to raise ~$70.5 million (“Entitlement Offer”) Offer Size & Structure For personal use only • ~1,175.1 million new fully paid ordinary shares (“New Shares”) are expected to be issued under the Entitl
Slide 22: Sources and Uses of Funds
SOURCES AND USES OF FUNDS Bringing Central Tanami into Production Key Capital Expenditure Items For personal use only Sources A$m Funding from capital raise to be used over FY26 to FY28: • Groundrush Exploration Decline – A two-year decline development Underwritten Entitlement Offer A$70.5m program
Slide 23: Entitlement Offer Timetable
TRANSACTION TIMETABLE Entitlement Offer Timetable For personal use only Event Date / Time Trading Halt Wednesday, 6 May 2026 Sub-underwriting book opens 10.00am (Sydney Time) Wednesday, 6 May 2026 Sub-underwriting book closes for receipt of firm and irrevocable Bids 4.00pm (Sydney time) on Wednesday
Slide 24: Why Own TAM Now
THE CLOSE Why Own TAM Now For personal use only 2.8 Moz JORC Resource in Newmont's backyard. Cornerstone deposit already produced 611 koz at 4.0 g/t. GRES study underway to assess Mill refurbishment vs. replacement. 72-room camp, haul roads, TSF; all on site. JV partner with A$460m cash has committe
Slide 25: Registered office
ASX: TAM For personal use only Registered office Unit 202, Echelon 77 South Perth Esplanade South Perth WA 6151 Web www.tanami.com.au ASX announcements, financial reports and corporate materials are available at www.asx.com.au under the code TAM. 25
Slide 26: Appendix A: Key Risks
For personal use only Appendix A Key Risks 26
Slide 27: Key Risks
KEY RISKS Key Risks For personal use only Tanami capital requirements, including in relation to the development of the CTPJV, will depend on numerous factors, including the degree of success of its planned production activities, its ability to generate income from its operations, prevailing commodit
Slide 28: Key Risks
KEY RISKS Key Risks For personal use only Tanami expects to derive its revenue mainly from the sale of gold and/or associated minerals. Consequently, Tanami’s potential future earnings, profitability and growth are likely to be closely related to the demand for and price of gold and associated miner
Slide 29: Key Risks
KEY RISKS Key Risks For personal use only The ongoing military conflict between Russia and Ukraine, Israel and Gaza, and the recent conflict between the United States and Iran are having a material effect on the global economy. These hostilities have created uncertainty for capital markets around th
Slide 30: Appendix B: Summary of Underwriting Agreement
For personal use only Appendix B Summary of Underwriting Agreement 30
Slide 31: Summary of the Underwriting Agreement
UNDERWRITING AGREEMENT Summary of the Underwriting Agreement For personal use only Tanami has entered into an underwriting agreement with Bell Potter Securities Limited (“Underwriter”) (“Underwriting Agreement”) pursuant to which the Underwriter has been appointed to act as the sole underwriter of t
Slide 32: Summary of the Underwriting Agreement (cont.)
UNDERWRITING AGREEMENT Summary of the Underwriting Agreement (cont.) For personal use only • (material contracts) any contract, deed or other agreement to which Tanami is a party (including but not limited to the CTPJVA) and which is material to the making of an informed investment decision in relat
Slide 33: Summary of the Underwriting Agreement (cont.)
UNDERWRITING AGREEMENT Summary of the Underwriting Agreement (cont.) For personal use only • (application) there is an application to a government agency (including, without limitation, the Takeovers Panel) for an order, declaration (including, in relation to the Takeovers Panel, of unacceptable cir
Slide 34: Summary of the Underwriting Agreement (cont.)
UNDERWRITING AGREEMENT Summary of the Underwriting Agreement (cont.) For personal use only • (material contracts) any contract deed or other agreement to which any Tanami group member is or becomes party and which is material to the making of an informed investment decision in relation to the Offer
Slide 35: Appendix C: International Offer Jurisdictions
For personal use only Appendix C International Offer Jurisdictions 35
Slide 36: International Offer Restrictions
INTERNATIONAL OFFER RESTRICTIONS International Offer Restrictions For personal use only This Presentation does not constitute an offer of New Shares in Tanami in any jurisdiction in which it would be unlawful. In particular, this Presentation may not be distributed to any person, and the New Shares
Slide 37: International Offer Restrictions
INTERNATIONAL OFFER RESTRICTIONS International Offer Restrictions For personal use only European Union (excluding Austria and France) This document has not been, and will not be, registered with or approved by any securities regulator in the European Union. Accordingly, this document may not be made