Lunnon Metals Limited · ASX:LM8
Lunnon Metals — Investor Presentation (July 2026)
24 slides from Lunnon Metals's investor presentation, Jul 1, 2026
Slide 1: Investor Presentation ASX Announcement
ASX ANNOUNCEMENT ASX ANNOUNCEMENT 1 July 2026 INVESTOR PRESENTATION For personal use only Following the recent ASX announcement regarding the Company’s FY2027 Exploration Budget (dated 29 June 2026), Lunnon Metals Limited Managing Director, Edmund Ainscough, will be presenting an update to brokers a
Slide 2: ASX: LM8
For personal use only ASX: LM8
Slide 3: Important Notice & Disclaimer
IMPORTANT NOTICE & DISCLAIMER This Presentation has been prepared by employees of Lunnon Metals Ltd (“Lunnon”, “LM8” or “the Company”) on its behalf and is a summary only, and contains summary information about Lunnon and its activities, which is current as at the date of this Presentation (unless o
Slide 4: Discover, Define, Deliver
DISCOVER For personal use only DEFINE DELIVER (repeat)
Slide 5: Two of Australia's Great Gold Camps
Two of Australia’s Great Gold Camps Boulder – Lefroy Fault Zone Total Past Production – St Ives Gold Camp For personal use only (Multiple Past and Current Owners)2 • 182.4Mt @ 3.1 g/t Au (18.0 Moz mined) Current St Ives Mineral Resources & Mineral Reserves (Gold Fields Ltd)3 Exclusive Measured & Ind
Slide 6: In the heart of the great St Ives Gold camp
…in the heart of the great St Ives Gold camp KAMBALDA WORLD CLASS ADDRESS Generating meaningful BETA-HUNT ST IVES 18Moz* for GOLD (WGX) cash flow For personal use only INTREPIDE KAMBALDA 1.6Mt* for NICKEL Exploration upside in GREATER __________________ world-class district REVENGE N 10% of one of A
Slide 7: Lunnon Metals Limited - Overview
Lunnon Metals Limited - Overview Corporate structure (ASX:LM8) Liam Twigger Edmund Ainscough EOFY JUNE 2026 Non-Executive Chair Managing Director only For personal use Board 223.3m $0.31 ~$69m Shares on issue Share price Market cap Ashley McDonald Deborah Lord (close 30/06/2026) Non-Executive Direct
Slide 8: FY2027: $13M budget: Significant Discovery goal
FY2027: $13M budget : Significant Discovery goal Exploration Target ~ approx. 25-30Mt @ 1.5-2.5 g/t Au for 1.2-2.4Moz For personal use only The Company highlights that the Exploration Target, and the potential quantity and grade reported, is conceptual in nature, there has been insufficient explorat
Slide 9: FY2027 $13M Budget & Target Pipeline
FY2027 $13M Budget & Target Pipeline HIGH LOW LOW KAMBALD A MINE 6. Ore Reserve For personal use only 1 LEAD TIME TO PRODUCTION 5. Indicated Resource 1 1 PROBABILITY OF SUCCESS 4. Inferred Resource 1 1 RISK 3. Structure Delineated 3 5 2. Anomaly Defined 9 10 1. Target Concept 29 targets in 17 tested
Slide 10: The Pride of St Ives – Gold Fields' Invincible Mine
The Pride of St Ives – Gold Fields’ Invincible Mine KAMBALDA 4.5km!! For personal use only Source: www.goldfields.com/pdf/2025-diggers-and- dealers.pdf Invincible is located on Gold Fields Ltd’s tenure at St Ives 9 * Images sourced from Gold Fields Ltd’s website www.goldfields.com and are of the Inv
Slide 11: Foster-Baker Gold Discovery Program
Foster-Baker Gold Discovery Program • Field of view hosts >7Moz^ of past gold production on surrounding Gold Fields’ For personal use only tenure • LM8 Gold program commenced early 2024 • Discovered Lady Herial (54.2koz* MRE) • Completed Scoping, Feasibility Study, made FID and started mining (7 mon
Slide 12: All drilling 100m below surface
381,000mE 384,000mE 387,000mE “Excluded Area” Warren Ni Defiance West Baker Ni For personal use only 6,531,000mN Paringa N West Plentiful Lady Herial All drilling (+/-25m) Hustler / 100m below surface Koombana 1500m Grid: GDA94/MGA Zone 51 Cooee Kenilworth EIS Jan Ni 6,528,000mN “Excluded Area”
Slide 13: All drilling 300m below surface
381,000mE 384,000mE 387,000mE “Excluded Area” Warren Ni Defiance West Baker Ni For personal use only 6,531,000mN Paringa N West Plentiful Lady Herial All drilling (+/-25m) Hustler / 300m below surface Koombana 1500m Grid: GDA94/MGA Zone 51 Cooee Kenilworth EIS Jan Ni 6,528,000mN “Excluded Area”
Slide 14: All drilling 500m below surface
381,000mE 384,000mE 387,000mE “Excluded Area” Warren Ni Defiance West For personal use only 6,531,000mN Paringa N West Plentiful Lady Herial All drilling (+/-25m) Hustler / 500m below surface Koombana 1500m Grid: GDA94/MGA Zone 51 Cooee Kenilworth EIS Jan Ni 6,528,000mN “Excluded Area”
Slide 15: Lady Herial Feasibility Study
Lady Herial Feasibility Study# Robust Operating Free Cash Flow (A$M pre-tax) 40.37 5,000 5,500 6,000 6,250 6,500 7,000 For personal use only 70% 27.8 32.8 37.8 40.4 42.9 47.9 Sensitivity to A$ Gold Price (horizontal) vs LM8’s 70% share of free cash flow (pre-tax) Robust Margins (FCF A$M pre-tax) 40.
Slide 16: First drill hole to first ore……in months
First drill hole to first ore……in 22 months First Blast Feb’26 For personal use only Drilling'24/25 End of May’26 77% volume 44% gold MINED First Ore Feb’26 Clearing Jan’26 15 Scoping Study Jun’25
Slide 17: Lady Herial – snapshot
Lady Herial – snapshot 0.27 million tonnes @ ~1.89 g/t Au for 16,270 ounces2 OPA1 COMMERCIAL TERMS For personal use only • Selling gold ore >0.5 g/t Au to SIGMC Lady Herial Mine Ore Pad : OPA point of sale $ • No post-production sampling • Share FCF 70% LM8 : 30% SIGMC THIRD PARTIES DOING THE WORK •
Slide 18: Kambalda-St Ives (a story of nickel & gold)
Kambalda-St Ives (a story of nickel & gold) Gold vs Nickel – RC+DD drill metres by year Nickel# For personal use only • Aiming to complete over 43km of drilling in FY27 • Represents the most metres drilled in a single year in FBA’s ..then 60-year history Gold …then Nickel Foster & Jan WMC^ produced
Slide 19: Kambalda – home of high-grade Nickel Sulphides
Kambalda – home of high-grade Nickel Sulphides NICKEL MINERAL RESOURCE: Baker 1Mt @ 3.3% Ni for 33,700t metal1 Foster 2Mt @ 2.9% Ni for 58,400t metal1 For personal use only BHP – NICKEL WEST LUNNON METALS Owns the Kambalda Nickel Concentrator High-grade, high-quality, low deleterious BHP’s assets, w
Slide 20: St Ives for Gold: Kambalda for Nickel
For personal use only ST IVES FOR GOLD : KAMBALDA FOR NICKEL 19
Slide 21: ASX: LM8
For personal use only ASX: LM8
Slide 22: Competent Persons Statements
COMPETENT PERSONS STATEMENTS The Lunnon Metals MRE is reported in accordance with the Joint Ore Reserves Committee of the Australian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia (JORC): 2012 Edition of the Australasian Code for Reporting
Slide 23: Gold Mineral Resources / Ore Reserves Reporting
GOLD MINERAL RESOURCES / ORE RESERVES REPORTING This presentation contains references to Lunnon Metals’ gold Ore Reserves & Mineral Resources, which are shown in a detailed breakdown below. Gold Mineral Resources* at 12 March 2026 (>0.5g/t Au cut-off) Measured Indicated Inferred Total For personal u
Slide 24: Nickel Mineral Resources Reporting
NICKEL MINERAL RESOURCES REPORTING This presentation contains references to Lunnon Metals’ nickel Mineral Resources, which are shown in a detailed breakdown below. Mineral Resources * at 30 June 2025 (>1.0% Ni cut-off) For personal use only The Company confirms that, all material assumptions and tec