Slide 1: Couflens High-Grade Tungsten-Gold Project
For personal use only Couflens High-Grade Tungsten-Gold Project Strategically significant for France and the EU APOLLOMINERALS. COM AUGUST 2026 ASX: AON TRIBECA FUTURE FACING SYMPOSIUM 2026 EURONEXT GROWTH: ALAON
Slide 2: Investment Highlights
Investment Highlights A strategically significant high grade tungsten project supported by strong commodity fundamentals World class historical tungsten grades Brownfields mine supports fast-track 2.5% WO3 mined in the mine’s final year Extensive existing underground infrastructure COUFLENS HIGH-GRA
Slide 3: Couflens High-Grade Tungsten-Gold Project
Couflens High-Grade Tungsten-Gold Project Couflens includes the historical Salau Mine which was one of the highest grade tungsten mines in the world and remains open at depth For personal use only Mining averaged 2.5% WO3 in its final year of operation Extensive accessible underground development -
Slide 4: Geometry Suited for Modern Mechanised Mining
Geometry Suited for Modern Mechanised Mining First phase of data review has identified historical intercepts of up to 5.3% WO3 For personal use only High-grade trend and down dip targets have been identified around the Veronique Zone (average production of 2.8% WO3 during last 6 months of mining) De
Slide 5: Extensive, Accessible Underground Development
Extensive, Accessible Underground Development For personal use only Drive Access Drill Access – 1230 Level Veronique Zone sample - normal light* Rail Haulage Decline 1230-1320 Levels Veronique Zone sample - UV Light* *Scheelite occurs as disseminated crystals, 15-30% visual estimate, as disseminated
Slide 6: Abundant Remnant Mineralisation
Abundant Remnant Mineralisation Existing underground development contains exposed disseminated scheelite For personal use only Images shown under white light and UV light (scheelite is the fluorescent blue mineral in UV light) Photos taken of partially-mined workings in of the 1320 Level Scheelite o
Slide 7: Near Mine Targets
Near Mine Targets Multiple near-mine and regional tungsten and gold targets Assays from the northeastern margin: For personal use only - 8.25% WO3 with 1.97g/t Au - 3.24% WO3 with 1.65g/t Au - 4.24% WO3 with 7.65g/t Au - 2.06% WO3 with 9.79g/t Au Gold grades of up to 24.5g/t Au from rock chip sample
Slide 8: Large Scale Regional Potential
Large Scale Regional Potential For personal use only Salau Mine Regional Intrusive and Skarn Repeat Potential – Long Section Regional Shearing-Related Gold Trends APOLLOMINERALS. COM ASX: AON | 8
Slide 9: Multiple Catalysts Drive Value Creation
Multiple Catalysts Drive Value Creation Current and Future Work Programs Natural Light Compilation of historical BRGM data Completed Original baseline environmental impact Community engagement For personal use only assessment studies Environmental permitting Sample from high-grade Salau Mine Geologi
Slide 10: Tungsten: A Strategic Metal
Tungsten: A Strategic Metal Essential industrial metal with outstanding properties Fabricated Highest tensile strength and melting point (3,400°C) of all metals For personal use only Tungsten Products Very high density and second strongest material after diamond e.g. electrical & electronic contacts
Slide 11: Europe Consumes More Than It Produces
Europe Consumes More Than It Produces End-use demand vs mine production by region Europe: a structural import gap Global Tungsten by Region (%)* 20% 2.7% End-use demand (ITIA, 2021) Mine production (est.) 90% For personal use only of global tungsten end-use is of global mine production comes 80% 78.
Slide 12: Concentrated Supply, Growing Demand
Concentrated Supply, Growing Demand Where Tungsten Is Produced and Where It Is Used Global Tungsten Production, 20252 Global Tungsten Demand3 For personal use only What Sits Behind the Numbers - China, Russia and North Korea together account for ~84% of primary production, while Europe and North Ame
Slide 13: Supply, Demand and Commodity Price Dynamics
Supply, Demand and Commodity Price Dynamics TUNGSTEN GOLD The deepening tungsten supply deficit is constructive $USD/MTU $USD/Oz for tungsten pricing momentum; demand growth expected to continue to outpace supply growth For personal use only China, North Korea and Russia account for approximately 84
Slide 14: Global Tungsten Projects
Global Tungsten Projects GRADES (%WO3 ) OF GLOBAL TUNGSTEN MINES AND PROJECTS* Average grade of projects just 0.3% WO3 (Most <= 0.2% WO3) For personal use only Significant benefits for new high- grade projects to come on-stream Mittersill underground mine in Austria mining at a 0.3% WO3 head grade 0
Slide 15: French Industry and Defence
French Industry and Defence French Defence Hubs Imerys Lithium Project - LPM 2024–2030 raised to €449bn, up from - French State invested €50m for a 30% stake €413bn - In the Allier - Defence budget ~€57bn in 2026, €64bn in - Confirms State backing for domestic For personal use only 2027 - double 201
Slide 16: Strong French and EU Strategic Support
Strong French and EU Strategic Support Couflens aligned with EU critical minerals objectives European Critical Raw Materials Act (CRMA) - 20241 Australia & France - 2023 bilateral agreement on critical minerals2 Tungsten is listed as both a Critical and Strategic EU raw material within the CRMA Aust
Slide 17: Governmental Support Progression
Governmental Support Progression April 2026 President Macron Announces ‘Cathedral Projects’ January 2026 150 strategic industrial projects, Feb 2025 June 2025 November 2025 €71bn of investment Reinstatement of Couflens for a 5-year term Three core pillars: For personal use only China announces expor
Slide 18: The Supply Problem and the European Response
The Supply Problem and the European Response The supply problem The European policy response - China concentrated supply – diversification required For personal use only - Critical Raw Materials Act: 10% of consumption extracted and - China, Russia and North Korea control approximately 84% of 40% pr
Slide 19: Corporate Overview & Leadership
Corporate Overview & Leadership ASX: AON |Euronext Growth: ALAON | Apollo Minerals 53% 1,260M A$0.063 A$79.4M A$8.1M Top 20 Shareholders For personal use only Ordinary shares on Share price Market cap Cash and 9% issue equivalents* Board & Management Ian Middlemas Neil Inwood Robert Behets Ajay Kejr
Slide 20: Responsible Exploration and Development
Responsible Exploration and Development Apollo Minerals regards responsible environmental management as an integral part of our business and is committed to operating in a responsible manner which minimises our impact on the environment For personal use only We seek to develop and maintain positive,
Slide 21: Appendix
For personal use only Appendix APOLLOMINERALS. COM ASX: AON | 21
Slide 22: Global Tungsten Projects
Global Tungsten Projects Proven Probable Total Proven Measured Indicated Inferred Total Probable Measured Indicated Development Reserves Reserves Reserves Reserve Reserve M&I Inferred Resource Property Name Owner Tonnes Tonnes Tonnes Resource Reserve Grade % Grade % References Stage Tonnes Tonnes To
Slide 23: Important Notices
Important Notices FORWARD LOOKING STATEMENTS: CAUTIONARY STATEMENTS & IMPORTANT INFORMATION: COMPETENT PERSONS STATEMENT This presentation may include forward-looking statements. These This presentation has been prepared by Apollo as a summary only The information in this presentation that relates t
Slide 24: Contact Us
For personal use only CONTACT US Level 9, 28 The Esplanade Perth, WA 6000 +61 8 9322 6322 Unit 3C, 38 Jermyn Street info@apollominerals.com London, SW1Y 6DN ABN: 96 125 222 924