Fortuna Metals Limited · ASX:FUN
Fortuna Metals — Africa Down Under Conference (September 2026)
20 slides from Fortuna Metals's conference presentation, Sep 2, 2026
Slide 1: Titanium: Discovery to Developer, Malawi
ASX : FUN TITANIUM For personal use only Discovery to Developer Malawi
Slide 2: Important Information
Important Information Corporate Presentation Technical Information Forward-looking statements are subject to known and Readers are cautioned that the foregoing list is not The information contained in this presentation is This presentation includes disclosure of scientific and unknown risks, uncerta
Slide 3: Board & Management Consultants
Board & Management Consultants Assembling a mineral sands team that can deliver HILTON BANDA Country Manager Akatswiri Resources TOM LANGLEY Chief Executive Officer Geological consultancy with strong government and industry relations in Malawi Geologist 14 years in multi-commodity exploration and mi
Slide 4: Mkanda Geology & Laboratory Teams
Mkanda Geology & Laboratory Teams For personal use only
Slide 5: Mkanda: The Malawi Titanium Opportunity
Mkanda The Malawi Titanium Opportunity A globally significant rutile discovery & graphite with rare earths + zircon potential ⟶ Top 6 for contained rutile in the world* 298Mt @ 0.87% rutile and 1.19% TGC (0.7% cut-off) For personal use only Including a high-grade rutile component 159Mt @ 0.98% rutil
Slide 6: Malawi: Warm Heart of Africa
Malawi WARM HEART OF AFRICA For personal use only Excellent Country Manager Geologist, engineers, environmental & govt relations. Malawi - safe and stable jurisdiction Supportive pro-mining government Lindian, Lotus, Globe Metals & Sovereign Metals DFC eligible; zero US sanctions exposure Investment
Slide 7: Workflow Key Catalysts & Milestones
Workflow Key Catalysts & Milestones WORK STREAM & Q1 2026 Q2 2026 Q3 2026 Q4 2026 H1 2027 H2 2027 CATALYST Assays Hand Auger 2025 Completed (Titanium, Graphite & HREE) For personal use only Bulk Metallurgical Sample Completed Exploration Target Completed In country Laboratory Completed Bulk Met Samp
Slide 8: Upcoming Workflow and Capital Structure
Upcoming Workflow Rapid pace of discovery - systematically adding value CAPITAL STRUCTURE Expanded technical team to drive project through resource, feasibility Market Cap (Undiluted) ($0.093**) ~$39.2M studies & marketing Shares on Issue* 421,712,271 For personal use only Metallurgical Test work co
Slide 9: Mkanda Additional revenue streams
Mkanda Additional revenue streams Graphite has the potential to be lowest quartile cost of production globally Best results of*; 6m @ 0.77% rutile, (MHA0049) with 4.93% TGC For personal use only 10m @ 0.75% rutile, (MHA0007) with 4.16% TGC 10m @ 1.66% rutile, (MHA0023) with 2.74% TGC 10m @ 1.62% rut
Slide 10: Titanium: Superior Properties for Advanced Industries
45% LIGHTER THAN STEEL Titanium Titanium alloys can be For personal use only three to five times Superior Properties for stronger than F22 RAPTOR A350/787 Advanced Industries stainless steel 40% titanium by weight ~18 tonnes titanium alloy ~9000lb 15% titanium by weight STRENGTH-TO- TEMPERATURE & MI
Slide 11: Pigment: Largest consumer of rutile
Pigment Largest consumer of rutile Titanium dioxide pigment (TiO2) is an inorganic white pigment; most common use in paint & coatings, plastics, paper and printing ink Long-term TiO2 demand has historically been correlated with GDP growth For personal use only Global pigment market needs new supply
Slide 12: Welding: Established market for natural rutile
Welding Established market for natural rutile - cannot be substituted In general welding is the most lucrative because unlike pigment or sponge, they can't use other forms of TiO2 and prices tend to be higher For personal use only Recurring Demand Electrodes and flux-cored wires are consumables — su
Slide 13: Aerospace: Structural long-term demand foundation
Aerospace Structural long-term demand foundation for titanium 15% Titanium by Weight Commercial Aircraft Deliveries For personal use only BOEING 747 Modern aircraft are increasingly titanium intensive, with Airbus forecasts more than 42,000 new commercial aircraft approximately 10–15 tonnes of titan
Slide 14: Record Defense spending driving demand for titanium
Record Defense spending driving demand for titanium US Budget Authority - Total National Defense (US$m)1 ~100% increase F-22 Raptor ~40% titanium content For personal use only since 2021 1,600 V-35 Lightening II ~ 20% titanium content Air Force 1,200 Submarines - Large scale titanium fasteners and v
Slide 15: Humanoid Robotics: The Next Frontier for Titanium
Humanoid Robotics The Next Frontier for Titanium Actuator Drive Cores & Flanges Connects motors to limbs; replaces heavy steel flanges For personal use only The Problem Heavy limbs drain battery life and cut operating hours, but lightweight Joint Reducer & Output Shafts aluminum deforms under repeat
Slide 16: Material Progression Across Robotics Tiers
Material Progression Across Robotics Tiers Titanium intensity scales directly with robot performance, payload, and dynamic load requirements. MASS INDUSTRIAL FLEET HIGH-PERFORMANCE For personal use only ENTRY LEVEL ~0–0.5 kg ~1.0–3.0 kg Ti alloy Ti alloy ~5.0–15.0+ kg Ti alloy Assumes 2.0 kg Ti allo
Slide 17: Unlocking the Robot Metals Needed for Revolution
Unlocking the Robot Metals Needed for 200x times current 10,000,000,000 global annual Revolution Humanoid Robots Note: current demand TITANIUM 200x titanium production forecasts does not factor potential Humanoid market MAGNETS 186x NdFeB LIITHIUM 14x GRAPHITE 13x For personal use only Elon Musk “10
Slide 18: Executive Summary
Executive Summary MALAWI SOUTH EASTERN AFRICA MKANDA IS A WORLD-CLASS DISCOVERY & RESOURCE DEPLETION OF EXISTING RESOURCES Fast paced exploration with with maiden resource only 10 months Global natural rutile output has fallen ~44% from 2017's peak of from project acquisition ~800,000 tpa For person
Slide 19: For more information
ASX : FUN TITANIUM For personal use only Discovery to Developer Booth 92 For more information Tom Langley Chief Executive Officer tom@fortunametals.com.au Peter Pawlowitsch Chairman Peter@gyoen.com.au
Slide 20: Appendix 1. Natural Rutile Resource Table
Appendix 1. Natural Rutile Resource Table *Cautionary statement: Note global ranking is calculated within the peer entities listed in Appendix 1, the Company notes that its peer entities project MREs also contain higher confidence Indicated and Measured resource estimates. Project Classification Mt
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