Lunnon Metals Limited · ASX:LM8
Lunnon Metals — Investor Presentation (September 2025)
22 slides from Lunnon Metals's investor presentation, Sep 23, 2025
Slide 1: Investor Presentation - ASX Announcement
INVESTOR PRESENTATION ASX ANNOUNCEMENT ASX ANNOUNCEMENT 23 September 2025 For personal use only In accordance with Lunnon Metals Limited’s (ASX: LM8) Shareholder Communications Policy, enclosed is a copy of the Investor Presentation which will be used by Managing Director, Edmund Ainscough, during u
Slide 2: St Ives ~ A Springboard for Growth
LUNNON METALS For personal use only ST IVES ~ A SPRINGBOARD FOR GROWTH 23 JULY 2025 ASX: LM8 1
Slide 3: Important Notice & Disclaimer
IMPORTANT NOTICE & DISCLAIMER This Presentation has been prepared by employees of Lunnon Metals Ltd (“Lunnon”, “LM8” or “the Company”) on its behalf and is a summary only, and contains summary information about Lunnon and its activities, which is current as at the date of this Presentation (unless o
Slide 4: Foster-Baker: at the heart of the great St Ives Gold camp
Foster-Baker: at the heart of the great St Ives Gold camp KAMBALDA BETA-HUNT (WGX) • St Ives – over 16Moz* produced For personal use only INTREPIDE since early 1980s • Corridor approx. 32km x 7km GREATER REVENGE N • Bounded by Boulder-Lefroy and INVINCIBLE Speedway Faults VICTORY DEFIANCE • Averaged
Slide 5: Lunnon Metals Overview
LUNNON METALS OVERVIEW Corporate structure (ASX: LM8) SEPTEMBER 2025 only Liam Twigger Edmund Ainscough Non-Executive Chair Managing Director 220.6m ~$0.35 ~$77m Board Shares on issue Share price Market cap For personal use Ashley McDonald Deborah Lord Non-Executive Director Non-Executive Director 1
Slide 6: The Pride of St Ives – Gold Fields' Invincible
The Pride of St Ives – Gold Fields’ Invincible KAMBALDA For personal use only Invincible is located on Gold Fields Ltd’s tenure at St Ives 5 * Images sourced from Gold Fields Ltd’s website www.goldfields.com and are of the Invincible operations on Gold Fields leases, prior to and after mining commen
Slide 7: Foster-Baker Gold Discovery Program
Foster-Baker Gold Discovery Program • Field of view hosts > 7Moz^ of past gold production on Gold Fields’ tenure For personal use only • LM8 Gold program commenced Q1 2024, drilled to date: • 29 km RC (517 holes) • 5 km DD (25 holes) • Discovered Lady Herial (29koz* MRE) and completed Scoping Study
Slide 8: Lady Herial Scoping Study
Lady Herial Scoping Study Parameter Unit Result Physicals For personal use only Kilotonnes 300-320 Grade g/t Au ~1.8 Mine Design Ounces Au mined ~18,000 Ounces recovered ~15,400 Strip ratio Waste: ore tonnes 6.2 : 1 Measured Resource 89% Scoping Study* % underpinning the Indicated Resource 10% compl
Slide 9: Timeline – rapid progress, short fuse
Timeline – rapid progress, short fuse DISCOVERY TO POSITIVE SCOPING STUDY <14 MONTHS 22 April 2024 – For personal use only first results* 2024 2025 H1 Now 420 holes …..17.9km ^^ ~4km of grade control, >125 holes First time Mineral Resource# & Scoping Study Results^: • 0.60m @ 10.84g/t Au (FOS24DD_01
Slide 10: Ore Purchase Agreement with SIGMC
Ore Purchase Agreement with SIGMC1 SCOPING STUDY: 0.30-0.32 million tonnes @ ~1.8 g/t Au for ~18,000 ounces2 For personal use only KEY TERMS AGREED IMPACT CONDITONS PRECEDENT Sell mined material >0.5g/t Au to SIGMC Costs align with those used in Scoping Approval of LM8 shareholders at EGM Study# IER
Slide 11: Robust free cash flow generation (pre-tax) = low sensitivity
Robust free cash flow generation (pre-tax) = low sensitivity Scoping Study# Financial Outcomes Operating Free Cash Flow A$M NEXT STEPS For personal use only Complete technical studies – confirm 4,500 4,750 5,000 5,250 5,500 financial benefits and physicals 70% 26.1 28.7 31.3 33.9 36.5 Finalise minin
Slide 12: Shallow, thick, high-grade
Shallow, thick, high-grade UPPER • 7m @ 34.38g/t Au (LDH25RC_325 from 5m) including 4m @ 59.28g/t Au (>1.0g/t Au) For personal use only • 26m @ 6.37g/t Au (LDH25RC_160 from 9m) including 8m @ 9.90g/t Au & 10m @ 8.22g/t Au (>1.0g/t Au) • 14m @ 18.07g/t Au (LDH25RC_164 from 20m) including 2m @ 121.47g
Slide 13: Shallow, thick, high-grade - Upper
Shallow, thick, high-grade - Upper For personal use only * see LM8 ASX announcement dated 15 September 2025 for full results and relevant Annexures * Source: Historical WMC production records to December 2001, sum of Gold Fields Ltd’s, Karora Resources and Westgold Resources report filings thereafte
Slide 14: Shallow, thick, high-grade - Upper
Shallow, thick, high-grade - Upper For personal use only * see LM8 ASX announcement dated 15 September 2025 for full results and relevant Annexures * Source: Historical WMC production records to December 2001, sum of Gold Fields Ltd’s, Karora Resources and Westgold Resources report filings thereafte
Slide 15: Shallow, thick, high-grade - Lower
Shallow, thick, high-grade - Lower For personal use only * see LM8 ASX announcement dated 23 September 2025 for full results and relevant Annexures * Source: Historical WMC production records to December 2001, sum of Gold Fields Ltd’s, Karora Resources and Westgold Resources report filings thereafte
Slide 16: Shallow, thick, high-grade - Lower
Shallow, thick, high-grade - Lower For personal use only * see LM8 ASX announcement dated 23 September 2025 for full results and relevant Annexures * Source: Historical WMC production records to December 2001, sum of Gold Fields Ltd’s, Karora Resources and Westgold Resources report filings thereafte
Slide 17: Nickel Assets Scoping Study
Nickel Assets Scoping Study * See LM8 ASX announcement 21 July 2025 for the Scoping Study Report. The Company confirms that all material assumptions underpinning forecast production targets and forecast financial information derived from that production, continue to apply and have not materially cha
Slide 18: St Ives for Gold : Kambalda for Nickel
For personal use only ST IVES FOR GOLD : KAMBALDA FOR NICKEL 17
Slide 19: Appendices
This slide is 100% editable. For personal use only Adapt it to your needs and capture your audience’s attention. This slide is 100% editable. Appendices Adapt it to your needs and capture your audience’s attention. 18
Slide 20: Competent Persons Statements
COMPETENT PERSONS STATEMENTS Mr. Aaron Wehrle is the Company’s principal Competent Person and takes overall responsibility for any information in this report that relates to gold and nickel geology, or informed gold and nickel Mineral Resources, Exploration Targets, Exploration Results and the Compa
Slide 21: Gold Mineral Resources Reporting
GOLD MINERAL RESOURCES REPORTING This presentation contains references to Lunnon Metals’ Mineral Resources, which are shown in a detailed breakdown in the following slides. Gold Mineral Resources^ at 30 June 2025 (>0.5g/t Au) For personal use only * total s may not add up exactl y due to roundi ng T
Slide 22: Nickel Mineral Resources Reporting
NICKEL MINERAL RESOURCES REPORTING This presentation contains references to Lunnon Metals’ nickel Mineral Resources, which are shown in a detailed breakdown below. Mineral Resources ^ * at 30 June 2025 (>1.0% Ni) For personal use only The Company confirms that all material assumptions and technical
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