Lumina Metals Corp. · TSX:LMCU
Lumina Metals — Investor Presentation (October 2026)
25 slides from Lumina Metals's investor presentation, October 2026
Slide 1: Poland's Copper & Silver. Europe's Future.
TSX: LMCU | WSE: LMCU INVESTOR PRESENTATION POLAND’S COPPER & SILVER. E U R O P E’S FUTURE. OCTOBER 2026
Slide 2: Legal Disclaimers
Legal Disclaimers Cautionary statements and notes Mineral resources are not mineral reserves and do not have demonstrated economic viability. The PEA is preliminary in nature. It includes FORWARD-LOOKING STATEMENTS inferred resources that are considered too speculative geologically to have the econo
Slide 3: Where Does Poland Rank In Copper & Silver
Where Does Poland Rank In Copper & Silver RESOURCE ENDOWMENT COPPER Mt contained copper Poland's global rank #6 190 100 100 80 80 56 53 47 41 21 Chile Australia Peru DRC Russia Poland Mexico USA China Indonesia SILVER Moz contained silver Poland's global rank #1 5,305 4,501 3,022 2,958 2,251 1,190 8
Slide 4: Lumina Metals: Europe's Largest Copper-Silver Developer
Lumina Metals: Europe’s Largest Copper- Silver Developer • Click icon to add picture 1 LARGE SCALE COPPER & SILVER § Grassroots discovery of 3 large sediment-hosted deposits: 15Mt contained copper and 1.2Boz contained silver § Flagship Nowa Sól Project: average annual production of 290Kt copper and
Slide 5: Capitalization and Shareholder Overview
Capitalzation and Shareholder Overview SHAREHOLDER REGISTER CAPITALIZATION SHAREHOLDER % SHARES O/ S Basic Shares Outstanding M 109.0 Ross Beaty 37.8% Options M 7.2 Management & Board 7.2% 7.2% RSUs M 0.7 UAE Family Office 5.2% Capital Group 4.4% 5.0% Share Price (04-Sep-26) C$ C$10.91 4.3% Market C
Slide 6: Management and Directors
Management and Directors MANAGEMENT DIRECTORS JORDAN PANDOFF ROSS BEATY CHIEF EXECUTIVE OFFICER & DIRECTOR CHAIRMAN § 15+ years of experience in the mining industry § 50+ years of experience in the mining and renewable energy industries § Former Senior Executive at Glencore § Founder and former Chai
Slide 7: Existing Polish Copper-Silver District
Existing Polish Copper-Silver District COPPER RESOURCES (MT) 32KM GŁOGÓW SMELTER RUDNA PLANT LUBIN PLANT NOWA SÓL 17KM 18KM 14KM NOWA SÓL 5KM GŁOGÓW DEEP 4.70 Mt Cu (2) GŁOGÓW 4.67 Mt Cu (2) SMELTER Kupferschiefer 6.10 Mt Cu(2) mineralization GŁOGÓW DEEP (1) 4.97 Mt Cu Indicated 2.53 Mt Cu Measured
Slide 8: Among the Largest Copper Developers Globally
Among the Largest Copper Developers Globally Total Resource (Mt Cu) Cu Grade (%) 1.5% 0.51% 0.36% 0.38% 0.31% 0.32% 0.32% 0.21% 47 16 15 12 12 12 10 8 Filo (1) SolGold (2) Lumina Metals (3) Solaris Los Andes Aldebaran ATEX NGEx (BHP/Lundin) (Jiangxi) Source: Capital IQ, Prospectus (1) Acquired by BH
Slide 9: The Largest Publicly Traded Silver Developer Globally
The Largest Publicly Traded Silver Developer Globally Total Resource (Moz Ag) 1,162 557 419 266 264 260 Lumina Metals (1) Discovery Mining Highlander Silver AbraSilver Sunshine Silver Sinda Source: Capital IQ, Prospectus (1) Detailed breakdown of Mineral Resources and relevant assumptions are availa
Slide 10: Nowa Sól: High-Grade Continuous Deposit
Nowa Sól: High-Grade Continuous Deposit Northwest extension of the Lubin– Forms a flat lying seam (Kupferschiefer) Deposit surface area of 120km²; 23 out of 26 Sieroszowice deposit in the KGHM mining averaging 3 meters in thickness with an Lumina drill-holes hit mineralization with district average
Slide 11: Nowa Sól: Surrounded by World-Class Infrastructure
Nowa Sól: Surrounded by World-Class Infrastructure 25km from an existing smelter with access to highways, railway, ports and power infrastructure. Babimost Airport – a strategic cargo 25 km mine-to-smelter distance (Głogów) Rail loading yard at the smelter transport hub Major railroad connecting the
Slide 12: Nowa Sól 2026 PEA: Robust Base Case Economics
Nowa Sól 2026 PEA: Robust Base Case Economics PROJECT ATTRIBUTES 2026 PEA HIGHLIGHTS CONSOLIDATED⁽¹⁾ 01 COPPER PRODUCTION SILVER PRODUCTION MINE LIFE Yr 1-10 Avg Yr 1-10 Avg Two Independent Mining Operations: North and South 290Kt Cu 28Moz Ag 20+ Years Complex 390Kt CuEq⁽²⁾ 02 BY-PRODUCT AISC⁽³⁾ REV
Slide 13: Exceptional Leverage to Copper & Silver Prices
Exceptional Leverage to Copper & Silver Prices PEA HIGHLIGHTS AT $6/LB CU AND $90/OZ AG⁽¹⁾ COPPER PRODUCTION SILVER PRODUCTION MINE LIFE Yr 1-10 Avg Yr 1-10 Avg 290Kt Cu 28Moz Ag 20+ Years 480Kt CuEq⁽²⁾ BY-PRODUCT AISC⁽³⁾ REVENUE SPLIT NET PRESENT VALUE (7%) Yr 1-10 Avg 55% Copper US$22.4B Pre-Tax⁽²
Slide 14: Nowa Sól: Low-Cost
Nowa Sól: Low-Cost CUMULATIVE COPPER PRODUCTION (kt) $8.00 $8.00 $7.00 $7.00 $6.00 $6.00 $5.00 $5.00 2025E BY-PRODUCT $4.00 $4.00 NOWA SÓL — YR 1-10 AVG AISC CURVE $3.00 $3.00 US$1.17/lb⁽²⁾ (US$/lb Cu)⁽¹⁾ $2.00 $2.00 $1.00 $1.00 -- 5,000 5,000 10,000 10,000 15,000 15,000 ($1.00) ($1.00) ($2.00) ($2.
Slide 15: Nowa Sól: Industry Leading Capital Intensity
Nowa Sól: Industry Leading Capital Intensity North Shaft Complex (US$M) South Shaft Complex (US$M) CAPI TAL I NTENSI TY (US$/ t CuEq) ( 1 ) Mining $2,148 Mining $2,160 $29,500 Surface Infrastructure $83 Surface Infrastructure $82 Process Plant & $249 Process Plant & $249 $23,600 Infrastructure Infra
Slide 16: Underground Mining Continues To Go Deeper
Underground Mining Continues To Go Deeper Feasibility of mining at depth is proven globally; economics are driven by metal prices and operating costs EXI S T I NG MI NES BEL OW 1 , 500 MET RES DEP T H ( MET RES ) Lucky Friday Copper Cliff South Deep Driefontein Kidd Creek Nickel Rim Resolution Creig
Slide 17: Well-Established Permitting Process
Well-Established Permitting Process 2026 2027 2028 2029 2030 I II III IV I II III IV I II III IV I II III IV I II III IV Completion of Mine Design and Engineering Study Stage Pre-Feasibility Study Feasibility Study Deposit Deposit Development Plan (PZZ) Development Plan Preparation and Submission of
Slide 18: Sulmierzyce Project: Focused On Resource Growth
Sulmierzyce Project: Focused On Resource Growth S U L M I E R Z Y C E P R O J E C T N I 4 3 - 1 0 1 R E S O U R C E E S T I M A T E (1) 308 Mt 2.09% 31.9 g/t 2.48% CuEq INFERRED TONNAGE COPPER GRADE SILVER GRADE COPPER EQUIVALENT GRADE Located ~125km from Nowa Sól Project Deposit surface area of 61k
Slide 19: Lumina Group: Proven 20 Year Track Record
Lumina Group: Proven 20 Year Track Record SINGLE ASSET COMPANIES STARTED MULTI-ASSET COMPANIES DEVELOPED Regalito Copper Corp Northern Peru Copper Pan American Silver US$137M (2006) C$455M (2007) US$20B Today part of Pan Pacific Copper Today part of China Minmetals / Jiangxi Copper Founded in 1984 R
Slide 20: Unrealized Value To Be Unlocked
Unrealized Value To Be Unlocked 01 02 Nowa Sól ongoing infill and New York Stock Exchange step-out drilling results listing in H1 2027 03 04 Potential spinout of the Nowa Sól Pre-Feasibility Sulmierzyce Project Study in H2 2027 05 06 Nowa Sól silver stream Poland copper tax reform options NOWA SÓL ·
Slide 21: Contact Us
APPENDIX Contact Us INVESTOR RELATIONS investors@luminametals.pl Warsaw Office Vancouver Office 3200-733 Seymour St. Al. Jerozolimskie 96 Vancouver, BC, V6B 0S6, 00-807 Warsaw, Poland Canada +48 22 256 35 20 +1 604 646 1890 luminametals.pl 21
Slide 22: Lumina's Mission & Ethos
Lumina’s Mission & Ethos MI SSI ON To responsibly advance one of the world's largest critical copper-silver resources through technical excellence, environmental stewardship, and strategic partnerships with all stakeholders. ETHOS 01 02 03 04 INTEGRITY EXCELLENCE PERSEVERANCE STEWARDSHIP We act with
Slide 23: Mineral Resource Estimates
Mineral Resource Estimates NOWA SÓL — MINERAL RESOURCE STATEMENT, EFFECTIVE DATE JANUARY 9, 2026 Grade Contained Resource Category Tonnage (kt) Cu (%) Ag (g/t) Pb (%) Zn (%) CuEq (%) Cu (kt) Ag (Moz) Pb (kt) Zn (kt) Measured 183,991 1.37 34.53 0.03 0.00 1.75 2,526.8 204.2 59.4 6.9 Indicated 419,943
Slide 24: Mineral Resource Estimates Cont'd
Mineral Resource Estimates Cont’d SULMIERZYCE — MINERAL RESOURCE STATEMENT, EFFECTIVE DATE FEBRUARY 2, 2026 Grade Contained Resource Category Tonnage (kt) Cu (%) Ag (g/t) Pb (%) Zn (%) CuEq (%) Cu (kt) Ag (Moz) Pb (kt) Zn (kt) Measured -- -- -- -- -- -- -- -- -- -- Indicated -- -- -- -- -- -- -- --
Slide 25: Thank You
Thank You For more visit luminametals.pl