Larvotto Resources Limited · ASX:LRV
Larvotto Resources — Merger or Acquisition (June 2026)
27 slides from Larvotto Resources's merger presentation, Jun 11, 2026
Slide 1: Larvotto Resources to Acquire Hammer Metals
For personal use only Larvotto Resources to Acquire Hammer Metals To be read in conjunction with ASX announcement, ‘Binding Agreement to Acquire Hammer Metals’ released 11 June 2026 11 June 2026 ASX:LRV 1 HAMMER METALS ACQUISITION PRESENTATION | JUNE 2026 | ASX: LRV
Slide 2: Important Notices and Disclaimer
Important Notices and Disclaimer Nature of this document This Presentation (Presentation) is dated 11 June 2026 and has been prepared and authorised by Larvotto Resources Limited (ACN 645 596 238) (Company) in relation to the proposed acquisition of Hammer Metals Limited (ACN 095 092 158) (Hammer Me
Slide 3: Important Notices and Disclaimer (cont.)
Important Notices and Disclaimer (cont.) Forward-looking statements Certain statements in the Presentation are or may be “forward-looking statements” and represent the Company’s intentions, projections, expectations or beliefs concerning, among other things, future operating and exploration results
Slide 4: Important Notices and Disclaimer (cont.)
Important Notices and Disclaimer (cont.) Photographs and Diagrams Photographs and diagrams in the Presentation are for illustration purposes only and should not be interpreted to mean that any person shown in them endorses this Presentation or its contents or that the assets shown in them are owned
Slide 5: Transaction Highlights
Transaction Highlights 1 Tactical and Strategic Acquisition – Creates a District-Scale Queensland For personal use only Copper and Critical Minerals Platform 2 Hillgrove to Underpin the next Stage of Growth 3 Leverages Larvotto Development Capability to Unlock Value from the Hammer Portfolio Cu Au 4
Slide 6: Transaction Overview
Transaction Overview Larvotto has entered into a Scheme Implementation Deed (“SID”) to acquire Hammer Metals Ltd (ASX: HMX) for a total consideration of $54 million • Under the Scheme, eligible Hammer shareholders will be entitled to receive: For personal use only 1 Larvotto share for every 22 Ham
Slide 7: Equity Raising Overview
Equity Raising Overview $15m placement at a 15% premium to Glencore, to fund further exploration of the Hammer Queensland Copper portfolio For personal use only • A$15 million equity raising (“Equity Raising”) to Glencore at a 15% premium • Approximately 9.8 million new fully paid ordinary shares (“
Slide 8: Why Hammer Creates Value for Larvotto Shareholders
Why Hammer Creates Value for Larvotto Shareholders Pipeline of Near-Term Production and Development For personal use only Both tactical and strategic acquisition given: Copper Mt Isa / Blockade • Proximity to Larvotto’s Mt Isa assets • Several near development assets that can be advanced to producti
Slide 9: Combined Mt Isa Portfolio Creates District Scale Platform
Combined Mt Isa Portfolio Creates District Scale Platform For personal use only 9 HAMMER METALS ACQUISITION PRESENTATION | JUNE 2026 | ASX: LRV
Slide 10: Hillgrove to Underpin the Next Stage of Growth
Hillgrove to Underpin the Next Stage of Growth Hillgrove production will enhance Larvotto's financial flexibility, supporting the next phase of growth across its enlarged Queensland copper platform For personal use only Development of • On time and on budget Hillgrove • Commissioning in August 2026
Slide 11: Leverages Larvotto's Development Capability to Unlock Value from the Hammer Portfolio
Leverages Larvotto’s Development Capability to Unlock Value from the Hammer Portfolio Hillgrove's progression from acquisition to near-term production in just 2.5 years demonstrates For personal use only Larvotto's ability to build value through disciplined project development, financing and executi
Slide 12: Strengthened Partnership for Growth with Glencore
Strengthened Partnership for Growth with Glencore Strategic partner supporting Larvotto’s proven fast-tracked development strategy For personal use only • Own Mt Isa Processing Facility proximal to combined Mt Isa portfolio • Strategic $15m placement at $1.53/share implying a 15% premium 1 • Recent
Slide 13: Unique ASX Critical Minerals & Precious Metals Company
Unique ASX Critical Minerals & Precious Metals Company The enlarged group combines Hillgrove's near-term production with a district-scale Queensland copper platform and exposure to multiple critical minerals For personal use only Pro-Forma Larvotto Portfolio of Assets Mt Isa Project Kalman / Jubilee
Slide 14: Unique ASX Critical Minerals & Precious Metals Company
Unique ASX Critical Minerals & Precious Metals Company The enlarged group combines Hillgrove's near-term production with a district-scale Queensland copper platform and exposure to multiple critical minerals For personal use only Pro-Forma Market Capitalisation vs Peers ($m) + $2,089 1,200 Proforma
Slide 15: Hammer Metals Overview
Hammer Metals Overview For personal use only 15 HAMMER METALS ACQUISITION PRESENTATION | JUNE 2026 | ASX: LRV
Slide 16: Hammer Metals: A Leveraged Copper, Gold and Critical Minerals Growth Play
Hammer Metals A Leveraged Copper, Gold and Critical Minerals Growth Play For personal use only A multi-commodity copper and critical minerals platform Copper / Cu 208,000t entering a catalyst rich phase of resource and project definition • ~530kt Cu Eq JORC Resources in Tier 1 Base Metals Gold / Au
Slide 17: Kalman at a Glance
Kalman at a Glance Mt Isa, Queensland For personal use only Updated JORC Resource: 420kt of Cu Equivalent Metal • Indicated and Inferred MRE of 39Mt at 1.1% CuEq Rec1 (39Mt @ 0.53% Cu, 0.27g/t Au, 0.10% Mo, 2.1g/t Re) • Open pit dominant - 71% of material - lower cost development focus of substantia
Slide 18: Indicative Timetable and Pro-Forma Capital Structure
Indicative Timetable and Pro-Forma Capital Structure For personal use only 18 HAMMER METALS ACQUISITION PRESENTATION | JUNE 2026 | ASX: LRV
Slide 19: Pro-Forma Capital Structure
Pro-Forma Capital Structure Pro-Forma Capital Structure Equity Raising Unit Current Larvotto Hammer Scheme Pro Forma Larvotto For personal use only (Glencore) Spot Share Price / Spot Implied Share $ 1.33 1.531 0.06 1.53 Price No. of Ordinary Shares M 519.12 9.8 899.83 569.8 4 Market Capitalisation $
Slide 20: Indicative Scheme Timetable
Indicative Scheme Timetable Scheme meeting to be held in September 2026, implementation shortly after Event Estimated Date For personal use only First Court Hearing August 2026 Dispatch of Scheme Booklet to Hammer shareholders August 2026 Scheme Meeting of Hammer shareholders September 2026 Second C
Slide 21: Larvotto Corporate Overview
Larvotto Corporate Overview Corporate Structure Shareholders 3% Board & Management For personal use only 10% Shares on Issue 519,051,720 US Antimony Corp 10% 1832 Asset Management Performance Rights 19,639,198 9% Gage Share price (05 June 2026) $1.33 68% Remaining Shareholders Market Cap (05 June 20
Slide 22: Larvotto Board and Management
Larvotto Board and Management Board of Directors Management For personal use only Sonja Neame Chief Operating Officer Mark Tomlinson Ron Heeks Rachelle Domansky Nick Longmire B.Eng.(Mining), FAusIMM B.App.Sc, MAusIMM LLMiningE, DipESG, M.Ed., Chief Financial Officer B.A.,B.App.Sc (Hons), MAICD Non-E
Slide 23: Contact Us
For personal use only Contact Us Suite 1, 88 Broadway Nedlands WA 6009 PO Box 3114, Nedlands WA 6009 T: (08) 6373 0112 E: info@larvottoresources.com W: www.larvottoresources.com ASX:LRV 23 HAMMER METALS ACQUISITION PRESENTATION | JUNE 2026 | ASX: LRV
Slide 24: Appendix A - JORC 2012 Hillgrove Mineral Resource Estimate
Appendix A - Larvotto Resources JORC 2012 Hillgrove Mineral Resource Estimate1 Tonnes Au Grade Sb Grade AuEq Grade Cont. Gold Cont. Sb Classification (kt) (g/t) % (g/t) (koz Au) (kt Sb) For personal use only Measured 672 3.2 2.8 11.3 70 19 Indicated 4,242 4.5 1.1 7.7 608 47 Measured & Indicated 4,91
Slide 25: Appendix A - JORC 2012 Hillgrove Ore Reserve Estimate
Appendix A - Larvotto Resources JORC 2012 Hillgrove Ore Reserve Estimate1 AuEq Cont. Tonnes Au Grade Sb Grade Cont. Sb Cont. AuEq Classification Grade Au For personal use only (mt) (g/t) % (kt Sb) (AuEq koz) (g/t) (koz) Open Pit Probable 0.36 2.0 1.6 6.6 23 5.6 75 Underground Proved 0.40 2.6 2.3 9.1
Slide 26: Appendix B - Hammer Metals
Appendix B - Hammer Metals Two Copper Equivalent calculations are depicted in this document – dated May 2023 and March 2026. The 2023 copper equivalent calculation was utilised in the May 2023 Kalman Mineral resource estimate. The 2026 copper equivalent calculation was utilised to highlight drillhol
Slide 27: Appendix B - Hammer Metals Mineral Resource Estimates
Appendix B - Hammer Metals OVERLANDER NORTH AND SOUTH DEPOSITS JORC 2012 MINERAL RESOURCE ESTIMATES (26 August JUBILEE DEPOSIT JORC 2012 MINERAL RESOURCE ESTIMATE (12 December 2018) 2015) (Reported at 0.5% Cu cut-off) (Reported at 0.7% Cu cut-off) Classification Weathering Tonnes Cu Au (Cut) Cu Au (
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