Apollo Minerals Limited · ASX:AON
Apollo Minerals — Investor Presentation (February 2026)
20 slides from Apollo Minerals's investor presentation, Feb 23, 2026
Slide 1: Developing the Couflens High Grade Tungsten-Gold Project in France
For personal use only DEVELOPING THE Couflens High Grade Tungsten-Gold Project In France FEBRUARY 2026 APOLLOMINERALS. COM CORPORATE PRESENTATION ASX: AON
Slide 2: Investment Highlights
Investment Highlights EU Critical Raw Materials Act 2024 Well Funded For Aggressive Work Programs - Tungsten classified as a high priority HIGH GRADE critical and strategic raw material, providing enhanced project support Recent $6.5 million placement and additional $2.8 million strategic investment
Slide 3: Couflens is Poised to Benefit from Strong EU Strategic Support
Strong French and EU strategic demand Couflens is Poised to Benefit from Strong EU Strategic Support European Critical Raw Materials Act (CRMA - May 2024)1 1 Tungsten is listed as both a Critical and Strategic EU raw material For personal use only The CRMA establishes a framework for secure, sustain
Slide 4: Tungsten Ranked High on the List of Critical Raw Materials
Tungsten Ranked High on the List of Critical Raw Materials The European Union recognises tungsten as one of Europe’s most critical raw materials Critical Materials Results of the 2023 EU criticality assessment Non-Critical Materials According to the EU definition, Critical Raw For personal use only
Slide 5: Governmental Support Progression
Governmental Support Progression Feb 2025 June 2025 November 2025 January 2026 China announces export EU selects 60 EU Strategic France launches €53m Reinstatement of Couflens For personal use only controls on tungsten Projects including four national Mineral Resources for a 5-year term tungsten pro
Slide 6: Tungsten & Gold Market Drivers
Tungsten & Gold Market Drivers Tungsten is critical for many industries including drilling, automotive, military and aerospace, For personal use only fuelling demand to historic levels China accounts for over 80% of tungsten production, with concerns over the security of supply to western processors
Slide 7: Project Overview
Project Overview Developing the Couflens high grade tungsten and gold project in southern France For personal use only Couflens includes the historical Salau Mine which was one of the highest grade tungsten mines in the world and remains open at depth The Salau Mine operated for more than 15 years b
Slide 8: The High Grade Salau Mine
The High Grade Salau Mine Salau Mine Produced COMPARATIVE GRADES (%WO 3) 930,000t ore at 1.5% WO3 for OF GLOBAL TUNGSTEN MINES For personal use only 13,950t WO3 in concentrate AND PROJECTS* Grade of up to 2.5% WO3 in the latter years Significant gold values recorded in high grade Veronique zone whic
Slide 9: Near Mine Targets
Near Mine Targets Multiple Regional Large Scale Tungsten and Gold Targets Assays from the north eastern margin: For personal use only - 8.25% WO3 with 1.97g/t Au - 3.24% WO3 with 1.65g/t Au - 4.24% WO3 with 7.65g/t Au - 2.06% WO3 with 9.79g/t Au Gold grades of up to 24.5g/t from rock chip samples at
Slide 10: Underground Workings
Underground Workings Remnant Mineralisation Available For Study Existing underground development wall displaying disseminated scheelite under For personal use only white light and UV light (scheelite is the fluorescent blue mineral in UV light). Photos taken of workings in February 2026 by the Compa
Slide 11: Extensive, Accessible Underground Development
Extensive, Accessible Undergound Development Significant access due to remediation work already undertaken For personal use only Access Drives (1230 Level) Drill Drive Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses where concentrations
Slide 12: Large Scale Exploration Potential
Large Scale Exploration Potential For personal use only Regional Intrusive and Skarn Repeat Potential Regional Shearing-Related Gold Trends APOLLOMINERALS. COM ASX: AON | 12
Slide 13: Multiple Catalysts For Value
Multiple Catalysts For Value Current and Future Work Programs Natural Light Completed Compilation of historical BRGM data Original baseline environmental impact Community engagement For personal use only assessment studies Environmental permitting Sample from high-grade Salau Mine Geological mapping
Slide 14: Commitment To Responsible Development
Commitment To Responsible Development Apollo Minerals regards caring for the environment as an integral part of our business and is committed to operating in a responsible manner which minimises our impact on the environment For personal use only We seek to develop and maintain positive, enduring re
Slide 15: Executive & Management
Executive & Management Extensive Development and Mining Experience Ian Middlemas | Non–Executive Chairman Neil Inwood | Managing Director Paul Roberts | Non–Executive Director For personal use only An experienced Chairman across multiple Mr Inwood is a Geologist with over 30 years’ Mr Roberts has a
Slide 16: Tungsten: A Strategic Metal
Tungsten: A Strategic Metal Tungsten Applications Essential Industrial Metal With Outstanding Properties Fabricated - Highest tensile strength and melting point (3,400°c) of all metals For personal use only Tungsten Products - Very high density and second strongest material after diamond e.g. electr
Slide 17: Corporate Overview
Corporate Overview ASX: AON | Apollo Minerals 1,240M A$0.052 For personal use only Ordinary shares on issue* Share price Shareholders AU$64M Market cap 52% Top 20 Shareholders 8% $8.8M Board & Management Cash* *The above amounts include $3.6m (99m shares) which relates to placements that are subject
Slide 18: Contact Us
For personal use only CONTACT US Level 9, 28 The Esplanade +61 8 9322 6322 Perth, WA 6000 info@apollominerals.com FEBRUARY 2026 APOLLOMINERALS. COM CORPORATE PRESENTATION ASX: AON ABN: 96 125 222 924
Slide 19: Important Notices
Important Notices FORWARD LOOKING STATEMENTS: CAUTIONARY STATEMENTS & IMPORTANT INFORMATION: COMPETENT PERSONS STATEMENT This presentation may include forward-looking statements. These This presentation has been prepared by Apollo as a summary only The information in this presentation that relates t
Slide 20: Appendix A – Peer Comparison Table
Appendix A – Peer Comparison Table Total Contained Contained Total Resources Reserves M&I Tonnes Inferred Reserve M&I Grade Inferred Resource Contained M&I Property Name Development Stage Owner Resource Reserves Inferred Tonnes Contained References Tonnes (Mt) (Mt) Tonnes (Mt) Grade % % Grade % Grad
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