Deterra Royalties Ltd · ASX:DRR
Deterra Royalties — Merger or Acquisition (September 2026)
13 slides from Deterra Royalties's merger presentation, Sep 29, 2026
Slide 1: Third-Party Copper Royalty Acquisition: Ivanhoe Electric's Santa Cruz Project
Deterra Royalties Third-Party Copper Royalty Acquisition Ivanhoe Electric’s Santa Cruz Project Arizona, USA To be read in conjunction with ASX announcement “Acquisition of Third-Party Royalty on Ivanhoe Electric’s Santa Cruz Copper Project” released 29 September 2026 ASX : DRR
Slide 2: Important notices and disclaimer
Important notices and disclaimer This presentation has been prepared by Deterra Royalties Limited (“Deterra”, “the Company”). By accessing this presentation, you acknowledge that you have read and understood the following statement. The material in this presentation is general summary information ab
Slide 3: Santa Cruz Copper Royalty Acquisition
Santa Cruz Copper Royalty Acquisition Ivanhoe Electric’s Copper Cathode Project in Early Construction in Arizona, USA Acquisition Terms • Deterra has acquired an existing 1.75% NSR royalty over a portion of the Santa Cruz Project from independent third-party sellers for US$74.15m cash; ROFO on furth
Slide 4: Santa Cruz Profile
Santa Cruz Profile Project Overview The Santa Cruz Operation1 Project Financing Momentum3 Average 75ktpa copper cathode during the first 15 years U.S. Export-Import Bank Preliminary Project Letter for Large US EXIM of mining US$1.1 billion in potential debt financing Long life + Mine life of 24 year
Slide 5: On-Strategy and Accretive Copper Royalty Acquisition
On-Strategy and Accretive Copper Royalty Acquisition Addition of Santa Cruz Copper Royalty to Portfolio Establishment of Deterra’s 3rd core royalty asset – 1 fits commodity, jurisdiction, asset quality and long- life criteria Ivanhoe Electric is experienced developer and 2 operator with strong explo
Slide 6: Global Royalty Portfolio
Global Royalty Portfolio Strong Cash Flow and Significant Growth, Cornerstoned by the World Class, Long-Life MAC Iron Ore, Thacker Pass Lithium and Santa Cruz Copper Royalties Growing Global Portfolio of 15 Royalties Providing Cash Flow and Growth Optionality across Base, Bulk, and Battery Metals. C
Slide 7: Deterra's Core Royalty Assets
Deterra’s Core Royalty Assets Three Long Life Core Assets in Tier One Jurisdictions Characteristic Mining Area C Iron Ore1 Fe Thacker Pass Lithium3 Li Santa Cruz Copper5 Cu ✓ 145mwmtpa, representing ~9% of total ✓ Phase 1 planned capacity of 40ktpa LCE, ✓ Avg 75ktpa of copper cathode during the Larg
Slide 8: Illustrative combined DRR royalty revenue at nameplate capacity and realised prices
FY26 MAC Illustrative combined DRR royalty revenue royalty at nameplate capacity and realised prices1,2,3 revenue MAC Santa Cruz 4 Thacker Pass Ph 1&2 Thacker Pass Ph 3&4 4 300 A$234m +SC + TP 1-4 250 A$258M +SC + TP 1-4 +SC + TP 1-4 +SC + TP 1&2 A$229M A$209M A$236M +SC + TP 1&2 200 +SC + TP 1&2 A$
Slide 9: For more information
For more information Investor enquiries Media enquiries Jason Clifton Peter Klinger Chief Financial Officer Purple Email: investor.relations@deterraroyalties.com Mobile: +61 (0) 411 251 540 Email: pklinger@purple.au Deterra Royalties Limited ACN 641 743 348 Level 16, 140 St Georges Terrace Perth WA
Slide 10: Appendix
Appendix
Slide 11: Appendix - Copper Market
Appendix 1 - Copper Market Copper remains back bone for the modern world Copper Demand1,2 New supply is required from new projects to satisfy future demand1 • See robust demand from traditional sources, with strong 35 Chinese demand and growth gradually shifting from China 30 to India and Middle Eas
Slide 12: Appendix - Santa Cruz 2026 Preliminary Feasibility Study
Appendix 2 - Santa Cruz – 2026 Preliminary Feasibility Study Highlights of the Updated 2026 Preliminary Feasibility Study Results1 • High quality advanced underground copper project • High Grade Reserves, with modern underground mining techniques, heap leach processing to produce copper cathode • Cu
Slide 13: Appendix - Santa Cruz Royalty Area
Appendix 3 - Santa Cruz Royalty Area Note: Location and mineralisation outline are for illustrative purposes only. Source: Santa Cruz deposit Resource outline per the S-K 1300 Preliminary Feasibility Study & Technical Report Summary, Santa Cruz Copper Project, Arizona, June 23, 2025, with Deterra ov
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