Slide 1: Annual General and Special Meeting 2025
TSX: AAUC 2025 Annual General and Special Meeting May 8, 2025
Slide 2: Disclaimers
Disclaimers CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION AND STATEMENTS This presentation contains "forward-looking information" and future-oriented financial information (“FOFI”) within the meaning of applicable Canadian securities legislation. Except for statements of historical fact
Slide 3: Unique Mid-Tier Gold Producer
Unique Mid-Tier Gold Producer Large and Increasing Mineral Inventory Underpinned by Two Tier-One Progressing to generate high margins and and Production Platform Generational Mines strong cash flows x x SADIOLA KURMUK Tier-One Large mineral Increasing LOM Building our next Large mineral LOM producti
Slide 4: Kurmuk
Kurmuk(1) Transformative Growth with Significant Upside 2026 Production(3) ✓ Advanced development project ~175 koz located in Ethiopia Average Production ’26-’29 ✓ Construction and mining activities ~290 koz are progressing on time and on budget Target Mine Life (yrs) 15+ ✓ On track to start product
Slide 5: Sadiola
Sadiola(1) Generational Asset with Ongoing Expansion and Optimizations Short-Term Production ✓ Phase 1 expansion progressing on 200-230 koz time and on budget Average Production ’30-’33 ✓ On track to start phase 1 ~400 koz production in Q4, 2025 Target Mine Life (yrs) ✓ New oxide ore discoveries dri
Slide 6: Côte d'Ivoire Complex
Côte d’Ivoire Complex(1) Significant Production Platform with Exploration Upside ✓ Agbaou and Bonikro are located ~20 km apart, offering synergies(5) and a Target Production significant contiguous land package 180-200 koz ✓ Advancing optimizations and Target Mine Life integration of operations, redu
Slide 7: Unparalleled Optionality from Exploration Opportunities
Unparalleled Optionality from Exploration Opportunities Ongoing exploration activities are part of Allied’s strategy to leverage the existing resources and infrastructure to maximize production and cash flows in the short-term Sadiola Côte d’Ivoire Kurmuk Notes: • See Disclaimers and Cautionary Stat
Slide 8: Significant Near-term Growth with Longer-term Upside
Significant Near-term Growth with Longer-term Upside Increasing production and cost improvements are set to deliver robust EBITDA growth, exceeding the rate of production growth ~600 With the plan to increase production by 50% by 2026 and approximately Meaningful growth 375-400 expected from world d
Slide 9: First Quarter Highlights
First Quarter Highlights Driving Sustainable Growth ✓ Solid Progress in Q1 • Quarterly production aligned with expectations • Continue optimizing operations • Progressing growth projects, on schedule and budget • Increasing cash balances and cashflows • Positive exploration results ✓ Leadership Enha
Slide 10: 2024 Progress Highlights
2024 Progress Highlights Driving Sustainable Growth ✓ Strong Operational and Financial Performance • 4% YoY production growth (358.1 koz Au) underpinned by record Q4 production (99.6 koz Au) • Cost trending down, driven by operational optimizations • Adjusted EBITDA(1) of ~$186 million • Improved su
Slide 11: 2025 Guidance
2025 Guidance(1) 2025 is set to deliver increased production year-over-year, Upcoming Milestones while advancing our transformational growth Operating Growth projects across the Company’s Gold Production portfolio Total Exploration • NYSE listing in mid-June (NYSE:AAUC) 375k–400koz H1:H2 split (%) o
Slide 12: Driving Sustainable Growth and Value Creation
Driving Sustainable Growth and Value Creation ✓ Anchored by world-class assets ✓ Growth-driven optimizations, expansions and exploration ▪ Phased expansion at Sadiola ▪ Optimization and exploration in Côte d'Ivoire ▪ Development and exploration upside at Kurmuk ✓ The optionality across all areas is
Slide 13: Appendices
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Slide 14: Mineral Reserves and Mineral Resources
Mineral Reserves and Mineral Resources As of December 31, 2024 Proven Mineral Reserves Probable Mineral Reserves Total Mineral Reserves Mineral Property Tonnes (kt) Grade (g/t) Content (koz) Tonnes (kt) Grade (g/t) Content (koz) Tonnes (kt) Grade (g/t) Content (koz) Sadiola Mine 18,427 0.50 295 131,
Slide 15: Appendix A Year-End 2024 Mineral Reserves and Resources
Appendix A Year-End 2024 Mineral Reserves and Resources Reporting Notes SADIOLA AND KORALI SUD KURMUK Mineral Resources: Mineral Resources: • The Sadiola and Korali Sud Mineral Resource Estimates are listed at 0.5 g/t Au • The Kurmuk Mineral Resource Estimate is listed at 0.5 g/t Au cut-off grade an
Slide 16: Appendix A Year-End 2024 Mineral Reserves and Resources
Appendix A Year-End 2024 Mineral Reserves and Resources Reporting Notes BONIKRO AGBAOU Mineral Resources: Mineral Resources: • The Mineral Resource estimate for Bonikro is listed at 0.5 g/t Au cut-off grade, • The Agbaou Mineral Resource Estimate is listed at 0.5 g/t Au cut-off grade, constrained wi
Slide 17: Appendix B Non-GAAP Financial Measures
Appendix B Non-GAAP Financial Measures NON-GAAP FINANCIAL PERFORMANCE MEASURES The Company has included certain non-GAAP financial performance measures and ratios to supplement its Consolidated Financial Statements, which are presented in accordance with IFRS, including the following in this present
Slide 18: Appendix B Non-GAAP Financial Measures
Appendix B Non-GAAP Financial Measures AISC PER GOLD OUNCE SOLD AISC figures are calculated generally in accordance with a standard developed by the World Gold Council (“WGC”), a non-regulatory, market development organization for the gold industry. Adoption of the standard is voluntary, and the sta