Lumina Metals Corp. · TSX:LMCU
Lumina Metals — Investor Presentation (June 2026)
31 slides from Lumina Metals's investor presentation, June 2026
Slide 1: Poland's Copper, Europe's Future
INVESTOR PRESENTATION — JUNE 2026 POLAND’S COPPER, EUROPE’S FUTURE.
Slide 2: Legal Disclaimers
Legal Disclaimers Forward-Looking Statements This presentation contains “forward-looking statements” within the meaning of U.S. securities legislation and “forward-looking information” within the meaning of applicable Canadian securities legislation. Such forward-looking statements and information h
Slide 3: Multi-Generational Discoveries Over 15 Years In Poland
3 Multi-Generational Discoveries Over 15 Years In Poland History ▪ In 2011, Lumina launched the largest privately-funded exploration project in Poland since the 1950s ▪ Initial discovery in 2014: 51,000m of drilling, >US$125M spent ▪ Among the largest discoveries of the last 2 decades worldwide, and
Slide 4: Investment Highlights
Investment Highlights ▪ Discovery of 3 large sediment-hosted copper-silver deposits in Western Poland LARGE SCALE ▪ Nowa Sól ranks amongst the largest undeveloped copper and silver projects globally, with year 1-10 forecasted average annual production of 290Kt Cu and 28Moz Ag respectively HIGH ▪ Now
Slide 5: Where Does Poland Rank In Copper?
Where Does Poland Rank In Copper? COPPER RESOURCE ENDOWMENT (MT) 190 100 100 80 80 56 53 47 41 21 Chile Australia Peru DRC Russia Poland Mexico USA China Indonesia #6 5 Source: Polish National Institute of Geology, USGS
Slide 6: Where Does Poland Rank In Silver?
Where Does Poland Rank In Silver? SILVER RESOURCE ENDOWMENT (KT) 165 140 94 92 70 37 26 23 22 8 7 5 Poland Peru Australia Russia China Mexico Chile USA Bolivia India Argentina Canada #1 6 Source: Ernst & Young, USGS and Polish Geological Institute
Slide 7: History Of Exploration Success In Poland
History Of Exploration Success In Poland ▪ Mapping of mineral zonality and the HISTORIC DRILL HOLES distribution of facies over the northern and eastern Fore-Sudetic Monocline Depth of ▪ Extensive scientific analyses performed on Kupferschiefer 0 – 1000 m historical drill core samples from the oil a
Slide 8: Existing Polish Copper Belt
Existing Polish Copper Belt COPPER RESOURCES (MT) ▪ Poland currently mines over 400Kt of copper and 40Moz of silver (2) 4.70 Mt Cu (2) 4.67 Mt Cu (2) 6.10 Mt Cu (1) (1) (1) Source: KGHM Polska Miedź S.A. Group for December 2024, Polish Geological Institute (1) Detailed breakdown of Mineral Resources
Slide 9: Nowa Sól: Among the Largest Copper Projects Globally
Nowa Sól: Among the Largest Copper Projects Globally GLOBAL COPPER DEVELOPMENT PROJECTS Total Resource (Mt Cu) M&I Resource (Mt Cu) Inferred Resource (Mt Cu) Cu Grade (%) (1) 2.09% 1.24%- (1) 1.52% 2.09% (1) 1.24% 47 0.84% 0.88% 0.66% 0.31% 0.34% 0.42% 0.51% 0.39% 0.38% 0.36% 0.26% 0.40% 0.31% 0.41%
Slide 10: Nowa Sól: Among the Largest Silver Projects Globally
Nowa Sól: Among the Largest Silver Projects Globally GLOBAL SILVER DEVELOPMENT PROJECTS Total Resource (Moz Ag) M&I Resource (Moz Ag) Inferred Resource (Moz Ag) 104 591 558 482 475 371 743 347 315 299 253 215 212 Nowa Sól(1) Pitarilla Cordero Metates Corani Guanajuato Maverick Sulmierzyce (1) Iska I
Slide 11: Nowa Sól: High-Grade
Nowa Sól: High-Grade ▪ Northwest extension of the Lubin–Sieroszowice deposit in the KGHM mining district ▪ Forms a flat lying seam (Kupferschiefer) averaging 3 meters in thickness with an average depth of 1,950 meters ▪ Deposit surface area of 120km2; 23 out of 26 Lumina drill-holes hit mineralizati
Slide 12: Nowa Sól: Excellent Location
Nowa Sól: Excellent Location P R O J E C T R E S O U R C E S (1) Measured & Inferred Indicated Mineral Resource 604Mt 112Mt Cu Grade 1.24% 1.08% Cu Contained 7.5Mt 1.2Mt Ag Grade 38.3g/t 28.9g/t Ag Contained 743Moz 104Moz LOCAL INFRASTRUCTURE ▪ Road Access — Accessible by public highways ▪ Power — 2
Slide 13: Nowa Sól: Strong Economics
Nowa Sól: Strong Economics PROJECT ATTRIBUTES 2 0 2 6 P E A H I G H L I G H T S C O N S O L I D A T E D (1) District Scale, Long-Life, Copper Production Silver Production Mine Life Underground, Distinct Copper-Silver Revenue Mix 290Kt Cu 390Kt CuEq(2) 28Moz Ag 20+ Years (Yr 1-10 Avg) (Yr 1-10 Avg) (
Slide 14: Nowa Sól: Strong Economics ($90/oz Ag, $6/lb Cu)
Nowa Sól: Strong Economics ($90/oz Ag, $6/lb Cu) 2 0 2 6 P E A H I G H L I G H T S C O N S O L I D A T E D (1) Copper Production Silver Production Mine Life 290Kt Cu 480Kt CuEq(2) 28Moz Ag 20+ Years (Yr 1-10 Avg) (Yr 1-10 Avg) (Yr 1-10 Avg) By-Product AISC(3) Pre-Tax(2) Post-Tax(2) NPV7% NPV7% US$(1
Slide 15: Nowa Sól: Large-Scale
Nowa Sól: Large-Scale Yr 1-10 Avg | 390Kt CuEq(1) (290Kt Cu) North Complex South Complex Continues to Yr 24 517 482 484 FORECASTED 420 398 382 COPPER 379 357 300 335 330 321 EQUIVALENT 187 253 275 300 298 291 204 168 274 PRODUCTION 192 144 234 238 129 169 168 161 184 139 138 (KT CUEQ)(1) 146 179 164
Slide 16: Nowa Sól: Low-Cost
Nowa Sól: Low-Cost $8.00 $7.00 $6.00 $5.00 2025E $4.00 BY-PRODUCT $3.00 Yr 1-10 Avg: AISC CURVE US$1.17/lb(2) $2.00 (US$/lb Cu)(1) $1.00 -- 5,000 10,000 15,000 ($1.00) ($2.00) Cumulative Copper Production (kt) Source: Capital IQ, NI 43-101 Technical Report (1) Non-GAAP financial measures (please ref
Slide 17: Nowa Sól: Significant EBITDA & FCF Generation
Nowa Sól: Significant EBITDA & FCF Generation Yr 1-10 Avg | US$2,492M North Complex South Complex Continues to Yr 24 $3,696 $3,327 $3,383 FORECASTED $2,718 $2,500 $2,330 EBITDA $1,759 $2,248 $2,007 $2,311 $2,074 $1,104 $1,852 $1,805 (US$M)(1) $1,312 $1,182 $950 $687 $1,496 $1,477 $1,714 $1,397 $1,08
Slide 18: Nowa Sól: Pre-Production Capital Cost Breakdown
Nowa Sól: Pre-Production Capital Cost Breakdown North Shaft Complex - Capital Cost (US$M) CAPITAL INTENSITY ( U S $ / T C U E Q ) (1) Mining $2,148 Surface Infrastructure $83 $29,500 Process Plant & Infrastructure $249 Backfill / Paste Plant $64 Owner's Costs $15 $23,600 Contingency $636 North Shaft
Slide 19: Underground Mining Is Well Established Globally
Underground Mining Is Well Established Globally EXISTING MINES BELOW 1,500 METERS DEPTH ▪ Technical feasibility of mining at depth Is proven globally; Economics are driven by operating costs 3,891 3,400 3,100 3,054 2,999 2,950 2,920 Nowa 2,600 2,500 Sól 2,086 1,920 1,900 1,838 1,800 1,800 1,785 1,68
Slide 20: Well-Defined Permitting Process In Poland
Well-Defined Permitting Process In Poland 2026 2027 2028 2029 2030 I II III IV I II III IV I II III IV I II III IV I II III IV Approval of the C1 Resource Completion of Mine Design and Engineering Study Stage Mining Concession Application (3-8 months) Prefeasibility Study Feasibility Study MINING CO
Slide 21: Sulmierzyce Project: Focused On Resource Growth
Sulmierzyce Project: Focused On Resource Growth SULMIERZYCE PROJECT ▪ Sulmierzyce Project located ~150km from Nowa Sól Project ▪ Inferred resource of 308Mt at 2.09% Cu and 31.9 g/t Ag ▪ Depth of 1,688-2,091m ▪ Potential demerger in 2027 positioned as a new Nowa Sól Sulmierzyce growth focused company
Slide 22: Lumina Group: Proven 20 Year Track Record
Lumina Group: Proven 20 Year Track Record Lumina Resources Corp Regalito Copper Corp Northern Peru Copper C$26M (2006) US$137M (2006) C$455M (2007) Acquired by Western Copper Acquired by Pan Pacific Copper Acquired by China Minmetals/Jiangxi Copper Casino Project — Canada Regalito Project (Now Caser
Slide 23: Management and Directors
Management and Directors MANAGEMENT DIRECTORS Jordan Pandoff Ross Beaty Chief Executive Officer & Director Chairman ▪ 15+ years of experience in the mining industry ▪ 50+ years of experience in the mining and renewable energy industries ▪ Former Senior Executive at Glencore ▪ Founder and former Chai
Slide 24: Capitalization and Shareholder Overview
Capitalization and Shareholder Overview CAPITALIZATION & RESEARCH SUMMARY OWNERSHIP (%) Units Current Dilutive Sec. Basic Shares Outstanding M 109.0 7% Options M 7.2 Ross RSUs M 0.5 Beaty 36% FD Shares Outstanding M 116.7 Share Price (31-May) C$ C$11.95 FD Market Capitalization US$M US$1,010M Other
Slide 25: Contact Us
Contact Us Investor Relations investors@luminametals.pl Warsaw Office Vancouver Office Al. Jerozolimskie 96 3200-733 Seymour St. 00-807 Warsaw, Poland Vancouver, BC, V6B 0S6, Canada +48 22 256 35 20 +1 604 646 1890 25
Slide 26: Where Does Poland Rank Based On Copper Production?
Where Does Poland Rank Based On Copper Production? ANNUAL COPPER MINE PRODUCTION (KT) 5,300 3,300 2,600 1,800 1,100 1,100 930 800 740 700 680 450 410 Chile DRC Peru China USA Indonesia Russia Australia Kazakhstan Mexico Zambia Canada Poland #13 26 Source: USGS
Slide 27: How Much Capital Has Been Invested Since 2015?
How Much Capital Has Been Invested Since 2015? CUMULATIVE COPPER MINING CAPITAL EXPENDITURE 2015–2024 ($BN) 88 43 29 28 19 19 15 10 8 3 Chile Peru Canada Russia Australia USA Congo Zambia Kazakhstan Poland #10 27 Source: Wood Mackenzie
Slide 28: Where Does Poland Rank Based On Silver Production?
Where Does Poland Rank Based On Silver Production? ANNUAL SILVER MINE PRODUCTION (T) 6,300 3,300 3,100 1,318 1,300 1,200 1,200 1,100 1,000 1,000 800 800 400 300 #4 28 Source: Ernst & Young, USGS, Poland production: KGHM Polska Miedź S.A. Group for December 2024
Slide 29: Mineral Resource Estimates
Mineral Resource Estimates NOWA SÓL — MINERAL RESOURCE STATEMENT, EFFECTIVE DATE JANUARY 9, 2026 Grade Contained Resource Category Tonnage (kt) Cu (%) Ag (g/t) Pb (%) Zn (%) CuEq (%) Cu (kt) Ag (Moz) Pb (kt) Zn (kt) Measured 183,991 1.37 34.53 0.03 0.00 1.75 2,526.8 204.2 59.4 6.9 Indicated 419,943
Slide 30: Mineral Resource Estimates (Cont'd)
Mineral Resource Estimates (Cont'd) SULMIERZYCE — MINERAL RESOURCE STATEMENT, EFFECTIVE DATE FEBRUARY 2, 2026 Grade Contained Resource Category Tonnage (kt) Cu (%) Ag (g/t) Pb (%) Zn (%) CuEq (%) Cu (kt) Ag (Moz) Pb (kt) Zn (kt) Measured -- -- -- -- -- -- -- -- -- -- Indicated -- -- -- -- -- -- -- -
Slide 31: Thank You
Thank You For more visit luminametals.pl