Saturn Metals Ltd. · ASX:STN

Saturn Metals — Australian Gold Conference (October 2025)

20 slides from Saturn Metals's conference presentation, Oct 14, 2025

  1. Slide 1: Apollo Hill Heap Leach Gold

    Apollo Hill Heap Leach Gold For personal use only Feasibility, Development Plans & Exploration Company Presentation: Ian Bamborough ASX:STN Managing Director www.saturnmetals.com.au

  2. Slide 2: Apollo Hill 'Greater' Gold Project

    Apollo Hill ‘Greater’ Gold Project Large Strategically Located Assets • Central position in a world class multi-million ounce gold province 60km south-east of Leonora in Western Australia For personal use only • 2.24Moz JORC Compliant Mineral Resource1 in a single large deposit – 82% Measured & Indi

  3. Slide 3: Corporate Snapshot

    Corporate Snapshot Strong Register – Compelling Value Corporate Metrics & Share Structure Assets Cash – 30 September 2025 $22.1M EV/Resource oz $113 For personal use only Received - Unconditional placement completed 9 October 2025 +$40.2M 2 1 Conditional placement to be settled +$4.8M Mineral Resour

  4. Slide 4: Apollo Hill – 2.24Moz Au Resource; 82% Measured & Indicated

    Apollo Hill – 2.24Moz Au Resource; 82% Measured & Indicated Big, Single, Simple, Low Strip, Large Selective Mining Unit, Low Unit Cost, Open Pit Shell For personal use only Note: Details of the Mineral Resource breakdown by category are presented in Appendix A, Slide 19. | 1. Mineral Resource publis

  5. Slide 5: Apollo Hill July 2025 Mineral Resource & Whittle Shell

    Apollo Hill July 2025 Mineral Resource & Whittle Shell A$3,550 Scalability  Low Strip Life of Mine For personal use only  Thick ore zones +100m  Bulk tonnage  Bigger selective mining units, economies of scale and lower operating cost (10m benches); Big Equipment  Expanded pit shell to 330m – mo

  6. Slide 6: Simple Metallurgy – Apollo's Biggest Cost Differentiator

    Simple Metallurgy – Apollo’s Biggest Cost Differentiator Excellent Gold Extraction Characteristics for Easily Recoverable Gold HEAP LEACHING: Efficient & Excellent Low-Cost Recovery Route For personal use only Gold Grains  +78% gold recovery in fresh rock columns at 8mm Crush  86% gold recovery in

  7. Slide 7: 2023 Preliminary Economic Assessment

    2023 Preliminary Economic Assessment Production Target – 1.63Moz via Conventional Heap Leach Circuit Initial Target: 10Mtpa for 10 years from former 1.84Moz Au Mineral Resource For personal use only  Life of mine production totals 93.9 Mt at 0.54 g/t for 1,636,000oz of contained gold  Average wast

  8. Slide 8: Preliminary Economic Assessment – A Margin & Volume Proposition

    Preliminary Economic Assessment – A Margin & Volume Proposition Low Cost Per Ore Tonne (A$24/t) = Significant Margin on a Large Volume (10Mtpa) – Bulk Mining & Processing Delivers Economies of Scale For personal use only • C1 Cost A$1,730/oz (US$1,090/oz) • ASIC A$1,857/oz (US$1,170/oz) • Mining A$4

  9. Slide 9: Preliminary Economic Assessment

    Preliminary Economic Assessment Robust Financials at A$2,665/oz (US$1,679)*0.63 Exchange Gold base case, a Healthy Margin At a gold price A$3,500/oz, the Project demonstrates Gold Price A$/oz 2,665 outstanding financial outcomes including: Project EBITDA For personal use only • a free cash flow of m

  10. Slide 10: Resource Comparison

    Resource Comparison Peer Group Soledad Mountain, USA Current Resources firmly place Andean Precious Metals Florida Canyon, USA Apollo Hill, AUS Integra Resources For personal use only Apollo Hill in bulk tonnage Saturn Metals economic space: Moss, USA  Grade Mako Mining Corp  Scale Bald Mountain,

  11. Slide 11: Pre-Feasibility Study

    Pre-Feasibility Study Targeting December Quarter 2025 Delivery • Globally renowned Heap Leach specialist engineering services firm, Kappes Cassiday & Associates For personal use only • Drilling and Resource completed towards completing PFS Primary inaugural Ore Reserve & PFS Study Case • Development

  12. Slide 12: Recent Excellent Results – Apollo Hill

    Recent Excellent Results – Apollo Hill Extensional and In-fill Focused Drilling Thick and higher-grade intersections from reverse circulation drilling include: • 36m @ 1.92g/t Au from 335m including 22m @ 3.08g/t Au from 335m – AHRC1143 For personal use only • 27m @ 4.05g/t Au from 53m including 16m

  13. Slide 13: New Iris Tefnut Zones – Recent Excellent Results

    New Iris Tefnut Zones – Recent Excellent Results, Higher Grades in the South Thick Higher Grade Zones in the South At Scale: 2.24Moz Resource against St George’s Terrace (Perth, WA) For personal use only ASX:STN | www.saturnmetals.com.au 13

  14. Slide 14: Multiple Higher-Grade Intersections – Reported with Time

    Multiple Higher-Grade Intersections – Reported to the ASX with Time Lode Gold Architecture 12m @ 9.98g/t & 16m @ 6.35g/t within 11m @ 3.28g/t – 27m @ 4.05g/t - AHRC312 AHRC1220 7m @ 12.38g/t within JANUARY 2020 JUNE 2025 14m @ 6.38g/t - AHRC1174 13m @ 3.60g/t inc. JUNE 2025 8m @ 5.62g/t – For person

  15. Slide 15: Targeting Resource Growth

    Targeting Resource Growth 25,000m RC and diamond planned up to December 2025 Targeting Interpreted Strike Extensions, Geological Structure Intersections and Drilling Gaps For personal use only 250m 3D Oblique View Illustration shows: GDA 94 Z51 July 2025 Mineral Resource Block Model >0.75g/t Au July

  16. Slide 16: Regional Opportunities

    Regional Opportunities Greenfield Target Areas • ~1,000km2 land package, large continuous gold system, large tracts of ground still untested, further regional exploration drilling planned 325000E 350000E 375000E 400000E 425000E 450000E 475000E For personal use only Sunrise Dam Apollo Hill 2.24Moz Au

  17. Slide 17: Development Plan

    Development Plan Timeline To Full-Scale Production 2025 2026 2027 2028 For personal use only Pre-Feasibility Study Definitive Feasibility Study Full Scale Operations *subject to permitting, approvals, funding & investment decision Financing & Procurement Regulatory Approvals Construction & Commissio

  18. Slide 18: Important Information Disclaimer & Competent Person Statements

    Important Information Disclaimer & Competent Person Statements GENERAL The Company has prepared this presentation. Whilst the information contained in this presentation has been prepared with all reasonable care from information provided by the Company and from sources, which the Company believes ar

  19. Slide 19: Appendix A: Mineral Resource – Apollo Hill Gold Deposit

    Appendix A Mineral Resource – Apollo Hill Gold Deposit Mineral Apollo Hill Measured, Indicated & Inferred Mineral Resource Ounces with Time: Resource Tonnes Au Au metal Classification Oxidation (Mt) (g/t) (Kozs) 2,500,000 For personal use only 2,239,000 Oxide 0.04 0.70 1 2,030,000 Measured Transitio

  20. Slide 20: Appendix B: Resource Comparison – Peer Group Data

    Appendix B Resource Comparison – Peer Group Data Mineral Resource Measured Indicated Inferred Total Source Company Desposit Stage Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces For personal use only 1 Kinross Gold Corporation Bald Mountain Production 7,131,000 0.90 2

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