Austral Resources Australia Limited · ASX:AR1
Austral Resources Australia — Investor Presentation (September 2025)
37 slides from Austral Resources Australia's investor presentation, Sep 8, 2025
Slide 1: Building Australia's next mid-tier copper powerhouse
AUSTRAL RESOURCES For personal use only AUSTRALIA LTD (ASX:AR1) Building Australia’s next mid-tier copper powerhouse — delivering sustained value through disciplined consolidation, low-cost production, and responsible growth across Queensland’s world-class copper belt Investor Presentation September
Slide 2: Important Statement
Important Statement Important Notice and Disclaimer Financial Information and Modelling You must read this notice before reading or making any use of this Presentation (defined below) or any information contained in this All amounts in Australian dollars unless stated otherwise. The financial inform
Slide 3: Unlocking the full potential of the Mount Isa copper system
Austral is seeking to unlock the full potential of the Mount Isa copper system, the heart of Queensland’s copper belt, through smart, strategic consolidation For personal use only ▪ Driving growth with strong support and alignment from key stakeholders Backed by ▪ Includes Harvey Family Office (Seco
Slide 4: Key Principles: Aggressive Growth and Disciplined Execution
Key Principles: Aggressive Growth and Disciplined Execution For personal use only 1 Maintain a Strong, Flexible Balance Sheet 2 Build and Incentivise High-Impact Leadership 3 Maintain an Aggressive Consolidation Strategy Building an experienced Board and Pursuing accretive acquisitions that Focused
Slide 5: Consolidation Process Underway
Consolidation Process Underway Each of the acquisitions made to date provide Austral with significant operational benefits For personal use only 1 Mt Kelly 2 Rocklands 1 3 Lady Loretta 2 • Existing 100% owned asset, • Entered into an agreement to currently in production acquire Rocklands via DOCA •
Slide 6: Consolidation Landscape
Consolidation Landscape The pathway to building a strong business, with meaningful production scale at efficient costs and high margins Western Hub Eastern Hub For personal use only • Processing at Mt Kelly • Rocklands currently on SX-EW plant care & maintenance • Currently operating at • Studies fo
Slide 7: Mt Kelly SX-EW
Austral Resources Australia Limited (ASX:AR1) Scale I Synergy I Sustainability For personal use only Mt Kelly SX-EW Existing copper production with significant expansion potential 7
Slide 8: Mt Kelly Overview
Mt Kelly Overview Location ▪ Queensland Gulf Country near Mt Isa, Queensland Tenure & ▪ Significant tenement holding with over 1,808km2 – with multiple mineral For personal use only Resource resources on granted Mining Leases (“ML”) ▪ Highly strategic tenure surrounded by majors and mid-cap companie
Slide 9: Mt Kelly Processing Facility
Mt Kelly Processing Facility Mt Kelly has a replacement value of ~$350M and is the largest operating SX-EW facility in Australia • For personal use only Mt Kelly is an operating SX-EW plant, with excess capacity (30kt pa capacity). This is significant for Austral as it embarks on a programme to supp
Slide 10: Deep Pipeline of Deposits for Mt Kelly
Deep Pipeline of Deposits for Mt Kelly A clear opportunity to generate strong cash from operations, reinvest and increase production scale For personal use only Exploration Development Production EXPLORATION & EVALUATION HORIZON THREE HORIZON TWO HORIZON ONE (DEVELOPMENT & FEASIBILITY) (PRE-PRODUCTI
Slide 11: Mt Kelly: Five Year Plan For Ore Feed
Mt Kelly: Five Year Plan For Ore Feed We have a strong +5-year outlook, with consolidation and exploration to drive ongoing growth & extension For personal use only Our last 20 years of operation at Mt Kelly enable us to understand its performance well: • Recoveries of ~84% of oxide material To be s
Slide 12: Lady Annie Pit
Lady Annie Pit The potential acquisition of Lady Loretta enables a meaningful cutback and extension at Lady Annie • For personal use only Lady Annie already provides a meaningful source of ore for Mt Kelly operations and is well known and understood • Lady Annie sits on a sub-block of the Lady Loret
Slide 13: Heap Leach Re-Mine
Heap Leach Re-Mine A proven way to supplement existing copper production at a very low cost • For personal use only JORC-compliant Inferred MRE of 22.6 million Mt Kelly Heap Leach Mineral Resource tonnes @ 0.20% Cu for 44.6 kt Cu metal within Austral’s Heap Leach stockpile1 VOLUME TONNAGE DENSITY Cu
Slide 14: Mt Clarke / Flying Horse
Mt Clarke / Flying Horse Pre-production prospects with significant upside • For personal use only Current Resource Base of Flying Horse (14.2Mt @ 0.77% Cu) • High-Grade Cu (+2%) OPEN: 2019 drilling demonstrated ‘Saddle Lode’ remains open along strike • The Path to 1% Cu Grade: Adding an additional s
Slide 15: Lady Loretta Mine
Austral Resources Australia Limited (ASX:AR1) Scale I Synergy I Sustainability For personal use only Lady Loretta Mine Zinc Production and Copper Development 15
Slide 16: Overview of Lady Loretta
Overview of Lady Loretta Existing mine which will be an immediate exploration focus – potential to extend mine life • For personal use only Austral has entered into a MoU with Glencore to acquire the Lady Loretta Mine and associated EPMs 1 • The Lady Loretta Mine is located approximately 140km north
Slide 17: Lady Loretta: An Obvious Transaction
Lady Loretta: An Obvious Transaction The Lady Loretta Mining Lease is immediately adjacent to Lady Annie • For personal use only Seamless integration with Lady Annie – Lady Annie mineralisation extends into the Lady Loretta ML – Allows cutback walls to mine existing (known) resource at Lady Annie •
Slide 18: Mine Rehabilitation
Mine Rehabilitation Glencore has commenced a progressive rehabilitation program • For personal use only Progressive rehabilitation program – Glencore commenced rehabilitation long before scheduled mine closure – Key infrastructure areas are yet to be rehabilitated – Monitoring and environmental comp
Slide 19: Rocklands Copper Mine
Austral Resources Australia Limited (ASX:AR1) Scale I Synergy I Sustainability For personal use only Rocklands Copper Mine A large copper development, with significant strategic importance 19
Slide 20: Rocklands Copper Mine
Rocklands Copper Mine Processing footprint in the East enables further consolidation • For personal use only Rocklands is a strategically significant acquisition for Austral – Unlocking the East of the Mt Isa/Cloncurry region • The Rocklands mine, and associated infrastructure, is an integral part o
Slide 21: Rocklands Infrastructure
Rocklands Infrastructure Significant established processing plant and supporting infrastructure footprint with A$637m of sunk capital For personal use only ▪ 3.0Mtpa ball mill, running at 2.0Mtpa prior to C&M, target rate 2.5Mtpa ▪ Flotation, filter press circuit Processing Plant ▪ Gravity circuit i
Slide 22: Rocklands Site Layout
Rocklands Site Layout Rocklands South Pit Las Minerale Pit For personal use only Crushing Circuit Flotation and Separation Gravity Circuit Power Station Consignment Sheds Stores 22
Slide 23: Tolling Agreement: Hub & Spoke Production Strategy
Tolling Agreement: Hub & Spoke Production Strategy Partnership with Glencore to deliver sustainable production. Rocklands is only plant with capacity For personal use only • A tolling agreement has been agreed between Glencore and Austral for up to 100% of the agreed capacity of Rocklands, less any
Slide 24: Rocklands Restart
Rocklands Restart Austral has a derisked pathway to improvement and stability at Rocklands. Our aspiration is for stable production of 25,000-28,000 Cu per annum for 20 years + from restart For personal use only 1 RECLAIM 2 REPURPOSE 3 RETEST 4 REENGAGE Reclaim TSF capacity by treating Repurpose or
Slide 25: Untapped Exploration Potential
Untapped Exploration Potential Prior owners have been cash-strapped and there has been little exploration on the Rocklands tenure for well over a decade • For personal use only Current Resource Base Only Includes Resource within Pit Opt Shells – 11.26Mt @ 0.69% Cu, 0.13g/t Au – Cu-Au mineralization
Slide 26: Corporate & Financing
Austral Resources Australia Limited (ASX:AR1) Scale I Synergy I Sustainability For personal use only Corporate & Financing Strong Board & Management with a recapitalised balance sheet 26
Slide 27: Board of Directors
Board of Directors Significant overhaul of Board and management team to ensure the business can execute its strategy efficiently To be formally appointed upon completion of re-quotation of the company’s securities on the ASX For personal use only David Newling Dan Jauncey Michael Hansel David Quinli
Slide 28: Management Team
Management Team Austral has deep operational experience and will seek to add a new CEO following completion of the proposed transactions For personal use only [TBC] Shane O’Connell Angus Peterson Michael Jones Dr Nathan Chapman Darren Holmes Chief Executive Officer Chief Operating Officer Chief Fina
Slide 29: Equity Raising to Fund Growth
Equity Raising to Fund Growth Austral will raise $40 million by way of Placement to fund growth • For personal use only Austral will raise $40 million via the issue of new fully paid ordinary shares (“New Shares”) at an issue price of 5c per share Sources by way of placement (“Placement”) Conditiona
Slide 30: Proforma Balance Sheet & Shareholdings
Proforma Balance Sheet & Shareholdings • The Placement and Current1 Adjustments2 Proforma3 associated transactions For personal use only Share price A$0.16 A$0.05 (relating to the APA, Rocklands and Thiess) Shares on issue 530.60m 1,208.20m 1,738.81m enable Austral to reset Market Capitalisation $84
Slide 31: Indicative Timetable
Indicative Timetable Austral will raise $40m and recommence trading on the ASX in October 2025 For personal use only Event Indicative Date1 Prospectus for new shares lodged with ASIC/ASX Wednesday, 3 September 2025 Austral Resources Extraordinary General Meeting held Thursday, 4 September 2025 Openi
Slide 32: Investment Highlights
Investment Highlights ▪ Building an integrated portfolio of mines through exploration, development, acquisition and ownership of Copper Sector For personal use only regional processing infrastructure Leader ▪ Consolidation strategy results in regional leadership ▪ Oxide (Mount Kelly) and sulphide (R
Slide 33: Annexures
For personal use only Annexures 33
Slide 34: JORC Mineral Resources
JORC Mineral Resources Lady Annie Project (as at 31 December 2024) Material Cut-off grade Measured Resources Indicated Resources Inferred Resources Total Resources Deposit Type (Cu %) Mt Cu (%) Ca1 (%) Mg1 (%) Mt Cu (%) Ca1 (%) Mg1 (%) Mt Cu (%) Ca1 (%) 1 Mg (%) Mt Cu (%) Ca1 (%) Mg1 (%) For persona
Slide 35: JORC Mineral Resources (Cont.)
JORC Mineral Resources (Cont.) Lady Annie Project (cont.) (as at 31 December 2024) Material Cut-off grade Measured Resources Indicated Resources Inferred Resources Total Resources Deposit 1 1 1 1 1 1 1 1 Type (Cu %) Mt Cu (%) Ca (%) Mg (%) Mt Cu (%) Ca (%) Mg (%) Mt Cu (%) Ca (%) Mg (%) Mt Cu (%) Ca
Slide 36: JORC Mineral Resources (Cont.)
JORC Mineral Resources (Cont.) For personal use only Rocklands Project (as at 1 November 2024) Material Cut-off grade Measured Resources Indicated Resources Inferred Resources Total Resources Deposit Type (Cu %) Mt Cu (%) Au (g/t) Mt Cu (%) Au (g/t) Mt Cu (%) Au (g/t) Mt Cu (%) Au (g/t) Sulphide 0.2
Slide 37: Contact Details
CONTACT DETAILS For personal use only Austral Resources Australia Ltd (ASX:AR1) admin@australres.com admin@australres.com +61 7 3520 2500 Level 9, 60 Edward Street Brisbane City Qld 4000 www.australres.com Approved by the board of the Company
Austral Resources Australia — Investor Presentation (September 2025) on 6ix