Lunnon Metals Limited · ASX:LM8
Lunnon Metals — Resources Rising Stars Sept 2026
21 slides from Lunnon Metals's conference presentation, Sep 10, 2026
Slide 1: Discover Define Deliver
For personal use only DISCOVER DEFINE DELIVER ASX: LM8
Slide 2: Important Notice & Disclaimer
IMPORTANT NOTICE & DISCLAIMER This Presentation has been approved by the Board and 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 t
Slide 3: 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 • ~186Mt @ 3.1 g/t Au (18.2 Moz mined) Current St Ives Mineral Resources & Mineral Reserves (Gold Fields Ltd)3 Exclusive Measured & Indi
Slide 4: Lunnon Metals Limited - Overview
Lunnon Metals Limited - Overview Corporate structure (ASX:LM8) Liam Twigger Edmund Ainscough 9 SEPTEMBER 2026 Non-Executive Chair Managing Director only For personal use Board 227.4m $0.335 ~$76m Shares on issue Share price Market cap Ashley McDonald Deborah Lord (09/09/2026) Non-Executive Director
Slide 5: In the heart of the great St Ives Gold camp
…in the heart of the great St Ives Gold camp KAMBALDA WORLD CLASS ADDRESS Generated 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 6: 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 6 * Images sourced from Gold Fields Ltd’s website www.goldfields.com and are of the Inv
Slide 7: 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 8: Lady Herial: first drill hole to 'job done' in months
Lady Herial: first drill hole to ‘job done’…… in 26 months Measure Result vs. Feasibility Time < 6 months quicker For personal use only 100.7% of Gold sold 14,910 Ore Reserve Operating cost $31.6m 5.0% higher Unit operating $104/t 7% lower $/ore tonne 70% FCF $39m …only 3.5% lower LM8 (pre-tax) Firs
Slide 9: FY2027: $13M budget: Significant Discovery the Goal
FY2027: $13M budget : Significant Discovery the 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 expl
Slide 10: For personal use only
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 11: For personal use only
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 12: For personal use only
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 13: Foster-Baker: in the heart of a ~31Moz gold camp
Foster-Baker: in the heart of a ~31Moz gold camp 2 PRICE CATALYSTS • Make one or more significant For personal use only gold discoveries • Strengthen balance sheet further • optimise & commercialise Lady Herial 2 & Hustler, positions LM8 to…. • …be nimble and ready to respond on nickel • Baker nicke
Slide 14: 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 BHP’s LUNNON METALS Kambalda Nickel Concentrator Owns the Kambalda Nickel Concentrator High-grade, high-quali
Slide 15: Strategic Location >95,000t Ni at 3.0% at FBA
Strategic Location >95,000t Ni at 3.0% at FBA For personal use only 15 * See slide 21 for full breakdown of the nickel Mineral Resource and ASX announcement dated 21 July 2025 for full details of the Nickel Asset Scoping Study.
Slide 16: Baker – high-grade, high-quality, low capex
Baker – high-grade, high-quality, low capex For personal use only 16
Slide 17: Discover Define Deliver
For personal use only DISCOVER DEFINE DELIVER
Slide 18: ASX: LM8
For personal use only ASX: LM8
Slide 19: 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 20: 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 8 August 2026 (>0.5 g/t Au cut-off) Measured Indicated Inferred Total For personal
Slide 21: 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 2026 (>1.0% Ni cut-off) For personal use only The Company confirms that, all material assumptions and tec