Somerset Minerals Limited · ASX:SMM

Somerset Minerals — Investor Presentation (October 2025)

21 slides from Somerset Minerals's investor presentation, October 2025

  1. Slide 1: Exploring for the Next Generation of Mines

    EXPLORING FOR THE NEXT GENERATION OF MINES ASX:SMM Investor Presentation October 2025

  2. Slide 2: Cautionary Statements & Disclaimer

    Disclaimer Cautionary Statements & Disclaimer The information contained in this presentation is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. Please note that, in providing this presentation, the Company has not considered t

  3. Slide 3: Corporate Overview

    Corporate Overview Capital Structure SMM 958.6m $15.3m $1.84m $13.5m 267.3m ASX Code Shares on Issue Market Cap Cash (30 Jun 25) Enterprise Value Options1 (undiluted at $0.016/sh) 3 Board of Directors & Management Chris Hansen Mike Edwards Melanie Ross Alex Vilela Managing Director Non-Executive Non

  4. Slide 4: Coppermine Investment Highlights

    Coppermine CopperMine Investment Highlights Nunavut, Cu-Ag 4 Tier-1 Focus Thick, High-Grade Hits Regional endowment New team. New strategy. Focused on Maiden drilling in July 2025 hit thick, high- Recent surface sampling spanning discovering a Tier-1 copper deposit in grade copper from near surface

  5. Slide 5: Coppermine Prime Location

    Coppermine Prime Location Location Base Hub Air Links Mining Hub Proximity Mainland Canada, Kugluktuk hosts Daily passenger flights Yellowknife is the Near major mines only 25–75 km from all-weather airport & & regular freight from “Kalgoorlie” of NW Canada, incl. Hope Bay (Au) Kugluktuk (pop. ~1,50

  6. Slide 6: Coppermine Project

    Coppermine Project District-scale opportunity: massive landholding with high-grade copper across 1,665km² WHITE CLIFF MINERALS DURANGO GOLD (ASX:WCN; MCap A$50m) (Private) JURC001 Kugluktuk Somerset Minerals 42.7m @ 2.69% Cu from 15.2m, incl (1,665 km2) 6.1m @ 5.51% Cu from 15.24m, and 16.76m @ 3.96

  7. Slide 7: Jura District

    JURA DISTRCIT Me Somerset MINERALS LTD

  8. Slide 8: Jura District: Overview

    Jura District: Overview 5.5km high-grade copper trend. First hole hit 42.7m @ 2.69% Cu from 15.2m1. Open in all directions. Location: Jura is located 25 km south of Kugluktuk and close to the coast, spanning a 5.5 km high-grade copper trend in the east of Somerset’s extensive project area. Target Mi

  9. Slide 9: Jura District: Initial Phase-2 Results

    Jura District: Initial Phase-2 Results Eight holes drilled. Results received for first two holes. Assays pending for final six holes. Overview: Building on the standout results from the Phase 1 drilling, a further eight holes were completed at Jura North, with all eight holes intersecting visible co

  10. Slide 10: Jura District: Geophysical Results

    Jura District: Geophysical Results Geophysics suggests mineralised zone at Jura North extends to at least 600m below surface1 Overview: Recently completed geophysics at Jura North & South combined induced polarisation and resistivity, mapping multiple, clear anomalies along the Jura fault.1 Depth Po

  11. Slide 11: Jura District: Pending Results

    Jura District: Pending Results All Phase-2 drill holes intercepted wide zones of visible mineralisation. Results pending for 6 holes. 1 Scale: All six (6) remaining Phase-2 drill holes hit wide zones of visible mineralisation along strike from previous intercepts including 42.7m @ 2.69% Cu1. Visual

  12. Slide 12: Regional Exploration

    =<” . REGIONAL : .« EXPLORATION € ae GMOS Me Somerset MINERALS LTD

  13. Slide 13: Regional Exploration

    Regional Exploration Highly prospective district with scale for multiple copper discoveries; regional targeting in progress Regional Strategy: To unlock the Project’s longer-term, district-scale potential, the Company is undertaking a comprehensive regional exploration program focused on identifying

  14. Slide 14: Regional Exploration: Magnetic Survey

    Regional Exploration: Magnetic Survey Large mag survey complete—targeting demagnetised zones tied to mineralisation; results in 4–6 weeks Overview: High-resolution airborne magnetic survey on 200 m line spacing has now been flown across the broader project area, to see beneath the thin veneer of cov

  15. Slide 15: Regional Exploration: Geochemical

    Regional Exploration: Geochemical Large geochem program complete—targeting coincident mag + geochem anomalies; results 4–6 weeks Overview: A large-scale regional geochemical program has now been completed, serving to collect >1,500 soil samples across the broader project. The program aims to identif

  16. Slide 16: Bonanza-Grade Copper at Surface

    Bonanza-Grade Laphroaig Copper at Surface Assays exceeding 50% Cu from CMC0042: 50.84% Cu & 65.3 g/t Ag CMC0047: 51.96% Cu & 52.2 g/t Ag outcropping mineralisation highlight the exceptional tenor and near-surface potential of the Coppermine Project. Jura 16 CMC0101: 13.55% Cu & 24.3 g/t Ag 621515: 2

  17. Slide 17: Geology

    Geology Dual-track strategy: advancing resource growth while unlocking high-impact regional targets. Local geology is dominated by the Coppermine River group, which hosts numerous high grade copper lodes occurring as chalcocite, bornite, and native copper, in brecciated fault zones and within White

  18. Slide 18: Target Mineralisation Styles

    Target Mineralisation Styles Three principal styles: fault-hosted, sedimentary-hosted and basalt flow top replacement The Coppermine River area has abundant Copper Target: high-grade copper showings at surface, hosted in several mineralisation styles. The Copper Target: Fault Hosted Mineralisation (

  19. Slide 19: Key Takeaways

    Key Takeaways High-Grade Copper. Low Market Cap. Pending Assays. Pending Regional Target Generation. Exceptional Pending Results Regional Targeting Dual Strategy Undervalued Entry Maiden Results Recent drilling Results for Geochemical & Dual-track strategy $15.3 market cap with 19 returned intercept

  20. Slide 20: Contact

    A Level 2, 22 Mount Street, Perth WA 6000, Australia T +61 8 6188 8181 W somersetminerals.com.au

  21. Slide 21: Board of Directors

    Board of Directors Chris Hansen Mike Edwards Melanie Ross Non-Executive Director Non-Executive Chairman Non-Executive Director & Company Secretary 21 Mr Hansen is a multidisciplinary metals and mining Mr Edwards is a Geologist and Economist with over 25 years' Ms Ross is an accounting and corporate

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