Somerset Minerals Limited · ASX:SMM
Somerset Minerals — Investor Presentation (June 2026)
20 slides from Somerset Minerals's investor presentation, June 2026
Slide 1: Exploring for the Next Generation of Mines
EXPLORING FOR THE NEXT GENERATION OF MINES Investor Presentation | June 2026 ASX:SMM
Slide 2: Disclaimer
Disclaimer Cautionary Statements & Disclaimer The information contained in this presentation is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. Please note that, in providing this presentation, the Company has not considered t
Slide 3: Corporate Overview
Corporate Overview Capital Structure SMM 1,206.9m $12.1m $2.99m $9.1m 302.4m ASX Code Shares on Issue Market Cap Cash (31 Mar 26) Enterprise Value Options1 (undiluted at $0.010/sh) 3 Board of Directors & Management Chris Hansen Mike Edwards Melanie Ross Alex Vilela Managing Director Non-Executive No
Slide 4: Coppermine Investment Highlights
Coppermine Investment Highlights CopperMine Nunavut, Cu-Ag Regional exploration underway & maiden RC at Talisker from July Tier-1 Potential Thick, High-Grade Hits Regional Endowment 4 Hallmarks of a major copper system – Drilling at Jura has hit thick, high-grade Recent surface sampling spanning cop
Slide 5: The Problem: Major discoveries lagging the projected copper deficit
MARKET PROBLEM The Problem Major discoveries are lagging the projected copper deficit Major Copper Discoveries, 1990 -2024(2) Copper supply gap is widening while major discoveries decline -12% Forecast copper deficit by 20301 100% 90% 25 ≈25–30 average copper mines 20 80% Share of Copper Exploration
Slide 6: The Solution
GREENFIELDS SOLUTION The Solution WHITE CLIFF MINERALS (ASX:WCN; MCap A$50m) DURANGO GOLD (Private) JURC001 Kugluktuk Coppermine provides a 42.7m @ 2.69% Cu from 15.2m, incl 6.1m @ 5.51% Cu from 15.24m, and district-scale platform for 16.76m @ 3.96% Cu from 41.15m discovery-led copper growth. 19.1%
Slide 7: Jura District
JURA DISTRICT Me Somerset MINERALS LTD
Slide 8: Jura District
Jura District 7 km+ structure — only a fraction drill tested Drilling has confirmed mineralisation over 3 km of strike, within a fault zone interpreted to extend more than 7 km, supported by high-grade copper at surface¹. Numerous targets remain untested 8 — incl. 10.7m @ 2.55% Cu at Jura Central²,
Slide 9: Jura District: Jura North
Jura District: Jura North Thick, high-grade copper from surface — extended to ~240m down-dip and remains open 2026 diamond drilling — down-dip extension1: • JUDD005: 18.8m @ 1.21% Cu, from 228.2m, including: • 6.6m @ 2.02% Cu, from 234m. 2025 maiden RC drilling2: • JURC001: 42.7m @ 2.69% Cu, from 15
Slide 10: Jura District: Regional
Jura District: Regional High-grade, never-drilled targets adjacent to Jura — the makings of a copper camp A 7 km trend: Jura North marks the northern limit of a ~7 km mineralised fault, most of it untested, with multiple geophysical and structural targets still to be drilled. Jura North: The high-gr
Slide 11: Regional Exploration
~” REGIONAL EXPLORATION Me Somerset MINERALS LTD
Slide 12: How Our Exploration Process Works
How Our Exploration Process Works Systematic mineral-systems approach adopted to unlock regional value Regional Airborne Magnetics 1 200 m line-spacing airborne magnetic survey flown in late-2025 to identify demagnetised magnetic lows where copper is linked to hematite alteration in the Copper Creek
Slide 13: Regional Exploration: Talisker
Regional Exploration: Talisker ~17 km long coincident anomaly, 4km from Danvers and linked to the same fault system Talisker is Somerset’s highest-priority regional target: Maiden RC drilling from July 2026, with permits for up to 100 holes¹. Belt-scale footprint: A very strong ~17 km coincident geo
Slide 14: Talisker: Copper Confirmed at Surface
Talisker: Copper Confirmed at Surface Multiple zones of copper mineralisation identified at surface along ~14 km of the Talisker corridor — 14 assays expected in next 2-4 weeks1 Somerset Minerals 1. See ASX:SMM 16/06/2026. Visual observations of the presence of rock or mineral types and abundance sh
Slide 15: Upcoming Catalysts
Upcoming Catalysts Consistent news flow through with assays, maiden drilling and regional programs. Jura Assays Talisker Rock Talisker Maiden RC Regional Further assays from Chips Soils Drilling Programs the 2026 Jura North Surface sample ~400-sample infill RC rig mobilised; Field crews now at 15 di
Slide 16: A Level 2, 22 Mount Street, Perth WA 6000, Australia T W somersetminerals.com.au
A Level 2, 22 Mount Street, Perth WA 6000, Australia T +61 8 6188 8181 W somersetminerals.com.au
Slide 17: Coppermine Prime Location
Coppermine Prime Location Location Base Hub Air Links Mining Hub Proximity Mainland Canada, Kugluktuk hosts Daily passenger flights Yellowknife is the Near major mines only 25–75 km from all-weather airport & & regular freight from “Kalgoorlie” of NW Canada, incl. Hope Bay (Au) Kugluktuk (pop. ~1,50
Slide 18: Board of Directors
Board of Directors Chris Hansen Mike Edwards Melanie Ross Managing Director Non-Executive Chairman Non-Executive Director & Company Secretary 18 Mr Hansen is a multidisciplinary metals and mining Mr Edwards is a Geologist and Economist with over 25 years' Ms Ross is an accounting and corporate gover
Slide 19: Geology
Geology Dual-track strategy: advancing resource growth while unlocking high-impact regional targets. Local geology is dominated by the Coppermine River group, which hosts numerous high grade copper lodes occurring as chalcocite, bornite, and native copper, in brecciated fault zones and within White
Slide 20: Target Mineralisation Styles
Target Mineralisation Styles Three principal styles: fault-hosted, sedimentary-hosted and basalt flow top replacement The Coppermine River area has abundant Copper Target: high-grade copper showings at surface, hosted in several mineralisation styles. The Copper Target: Fault Hosted Mineralisation (
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