Slide 1: Copper in Arizona Investor Presentation
COPPER IN ARIZONA INVESTOR PRESENTATION (ASX:EM2)
Slide 2: Disclaimer
This presentation has been prepared by Eagle Mountain Mining Limited (ACN 621 541 204) (Eagle Mountain) and should be read in conjunction the Company’s Annual Report, issued by Eagle Mountain 18 October 2023 and subsequent ASX announcements made by the company. This presentation is not investment ad
Slide 3: Two key projects exclusively in Arizona, within a prolific copper belt
Two key projects exclusively in Arizona, within a globally Strong copper outlook – compelling green energy prolific copper belt investment opportunity Silver Mountain – Underexplored exploration project Oracle Ridge – Access to a near term development copper ▪ High grade results up to 921g/t Ag, 86g
Slide 4: Silver Mountain and Oracle Ridge project overview
100% owned copper-gold-silver exploration project located northwest of Phoenix, Arizona Large landholding of 28.6km2 including > 5km strike of contiguous Patented claims • 10.7g/t Au, 251g/t Ag, 11.1% Cu • 64.1g/t Au, 445g/t Ag, 15.4% Pb • 86.1g/t Au Historical high-grade copper, gold, silver and le
Slide 5: Copper Porphyry and High-Grade Systems
Copper High-Grade Uranium- Porphyry Cu-Au-Ag Thorium-REEs Seismic Anomalies: High Grade Outcrops: Prospective Geological Features: Buried high velocity bodies, possible Up to 11% Cu, 86g/t Au, 921g/t Ag and Structurally controlled pegmatites with porphyry intrusions 15% Pb hydrothermal alteration an
Slide 6: Silver Mountain: underexplored with great potential
Silver Mountain Mining Tenements Underexplored with great potential ▪ Strong indicators recently discovered for high grade outcropping and porphyry style mineralisation ▪ Over 99% project area not drill tested ▪ Only 15 holes completed, with deepest at 380m ▪ 12 historical mines across the project,
Slide 7: Phase 1 drilling and Scarlett discovery
11.65g/t Au 4.2g/t Au 3.00% Pb 112g/t Ag 67.7g/t Ag 3.5% Cu ▪ Phase1 drilling completed in 2019 - primarily focused in the eastern 7.46g/t Au 181g/t Ag 354/t Ag region (Pacific Horizon) 3.5% Cu 387ppm U3O8 ▪ New discovery in the western 493ppm ThO2 10.7g/t Au 251g/t Ag region (Scarlett) produced hig
Slide 8: Silver Mountain's rich history of high-grade mining
‘Silver Mountain's rich history of high-grade copper and gold mining, coupled with compelling geological evidence for major porphyry systems, is driving our exploration focus at the project. Our strategic focus is on unlocking the full potential of this project, which is ideally located in a world-c
Slide 9: High-Grade Results and Link to Porphyry Targets
High-Grade Results and Link to Porphyry Targets… ….With Similarities to Existing Porphyry Models 64.1g/t Au 11.65g/t Au Prospective Zone with 7.46g/t Au 3.00% Pb 15.4% Pb 181g/t Ag High-Grade Results 445g/t Ag E258684 67.7g/t Ag E258686 C006965 30.4g/t Au C258687 Porphyry- Style Target Porphyry- Sty
Slide 10: Silver Mountain key highlights
• High grade copper, silver and gold on surface, discoveries of multiple styles of mineralisation • Regionally and locally favourable geological setting with many similarities to giant proximal deposits • Large landholding including > 5km strike of contiguous Patented claims • Significantly underexp
Slide 11: Oracle Ridge highlights
▪ Tier-1 jurisdiction – safe, mining friendly, skilled workforce ▪ Production in the 90s – access to orebody, lower capex, proven metallurgy ▪ Large and expanding resource – including optionality at lower copper cut- off grades ▪ Elevated orebody supports lower emission mining processes ▪ Strategic
Slide 12: Mineral Resource Estimate (MRE)
MINERAL RESOURCE ESTIMATE (MRE) LS 4 EAGLE MOUNTAIN MINING 28.2 Mt Cu at a 0.8% Cu cut-off @®S> 380Kt at 1.35% Cu BS 10Moz at 11.06g/t Ag > 142K oz at 0.16g/t Au 2023 MRE (>0.8% Cu} Hi Measured Indicated © Inferred Leatherwood Marble Peak Existing underground workings Large-Scale Resource With Deepe
Slide 13: Globally Competitive Copper Resource
GLOBALLY COMPETITIVE COPPER RESOURCE Le Ce Grad copper rade We Projects EAGLE MOUNTAIN MINING Mines HighLake, 1208 Bubble Size = Cu (kt) Stockman, AIS oracle Ridge, 1.0% Cu cut-off es soos wy Wy, g an Plus, additional value alta —- i z= | from gold and silver ewe > yA canes wet ¢p which were payable
Slide 14: Project Optionality: Resource Model at Various Cut-off Grades
PROJECT OPTIONALITY: RESOURCE MODEL AT VARIOUS CUT-OFF GRADES 0.8 Billion Ib Cu 10 Million 02 Ag 142k 02 Au 0.8% Cu Cut-off* 1.2 Billion Ib Cu 15 Million 02 Ag 216k 0z Au 1.0 Billion Ib Cu 13 Million 02 Ag 178k 0z Au 0.6% Cu Cut-off* 0.4% Cu Cut-off * *2023 Updated JORC Mineral Resource (Measured +
Slide 15: Near-Mine and Regional Exploration Potential
NEAR-MINE AND REGIONAL EXPLORATION POTENTIAL LS 4 EAGLE MOUNTAIN MINING Hartman - . 4 V S2amo 1.64% cu | West Oracle Ridge Upper Sediments! Target rea ~ id Stratton Ps \ Mine : ~ LEGEND Field Assay Drillhole Assay = Target Zones | 2 ~> 2023 Resource Model > 0.8% Cu 202% Cu t 500m N sneer ter —> aes
Slide 16: Near-Surface Underground Infrastructure
NEAR-SURFACE UNDERGROUND INFRASTRUCTURE . ¢ EAGLE MOUNTAIN MINING _4 MARBLE MOUNTAIN yy 4 > b 7a — STRATTONMINE , “ EXISTING UNDERGROUND WORKINGS X DAILY MINE » ,
Slide 17: Oracle Ridge assays and claims map
8m @ 3.80g/t Au 7.2m @ 1.26g/t Au Access Road Pima County Tailings Storage Facility 5.03% Cu Patented Claims Claim Being Acquired (Cochise) Mineral Resource Pima County Outline 6.31% Cu 8.08% Cu 3.63% Cu 6.64% Cu LEGEND 3m @ 1.63% Cu Pima County Excluded claims owned by others Mineral Resource 1m @
Slide 18: Permitting status
Air Quality Permit Aquifer Protection Permit (APP) - Groundwater discharge permit for discharges Mined Lands Reclamation Permit Water - Lease & Right of Way Tailings and water pipelines - Right of Way Right of Way permits - Permit for haul roads Start-up Notice for Mine Operations Mine Safety and He
Slide 19: Scoping study in progress
EAGLE MOUNTAIN MINING @) Baseline Environmental A: 4 Tailings Design SCOPING STUDY IN = PROGRESS | ) Metallurgy
Slide 20: Capital structure and shareholders
EM2 393m (30 August 2024) $0.05 (30 August 2024) $3.1m (30 June 2024) $13.8m (30 Dec 2023)* $19m undiluted (30 Aug 2024) 88m (30 August 2024) 0.3m (30 August 2024) Board / Management / Employees Institutions HNW’s / Retail