Lac Gold Limited · ASX:LAC
Lac Gold — IMARC 2026 (Sydney)
22 slides from Lac Gold's conference presentation, Oct 27, 2026
Slide 1: Unlocking the Rouyn Gold System
Unlocking the Rouyn Gold System An established resource, a much larger opportunity rsonal use only IMARC | Sydney Matthew Keegan | 27 October 2026 Image: Rouyn Gold Project, Québec 2026 ASX : LAC
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Lac Gold Limited (ASX:LAC) (Company) This presentation is dated 27 October 2026 and has been prepared by Lac Gold Ltd (ACN 110 884 252) (LAC, Lac Gold or the Company). Please read this disclaimer carefully before reading or making any other use of th
Slide 3: Disclaimer
Disclaimer Not financial product advice: This presentation, and the information provided in it, does not constitute, and is not intended to constitute, financial product or investment advice, financial, legal, tax, accounting or other advice, or a recommendation to acquire any securities of Lac Gold
Slide 4: Lac Gold should be on your radar: Eight reasons to own
Lac Gold should be on your radar Eight reasons to own ASX:LAC MC per Resource Ounce — Lac Gold vs Selected Peers rsonal use only Tier 1 Jurisdictions Infrastructure 1 Exposure to two of 5 Advantage A$/oz | Total resource (M&I + Inferred) basis | 20 October 2026 | Average total MC/oz: A$166 Canada’s
Slide 5: One of the World's Great Gold Districts
One of the World's Great Gold Districts Over 200 Million Ounces Produced The Super Pit of the Kalgoorlie Goldfields The Canadian Malartic Complex of the Abitibi rsonal use only 5
Slide 6: A Junior Among Giants
A Junior Among Giants Right in the Heart of the Abitibi rsonal use only Projects become mines because they are in places where they can be built Rouyn-Noranda – a mining city • 45,000 residents • Established mining workforce • Commercial airport, road, power Capital is Moving into the Abitibi • The
Slide 7: More Than a Resource
More Than a Resource An established resource with significant growth potential rsonal use only 1.66Moz @ 3.28g/t Au ~60% Indicated "We weren't looking for another exploration project, we were looking for the foundation of a Canadian gold company." 7
Slide 8: A 7km Gold System
A 7km Gold System Much more than the existing Mineral Resource rsonal use only ~7km mineralised corridor along the Cadillac Break Multiple deposits and historic mines Mineralisation open along strike and at depth Multiple untested targets across the broader structural system 8
Slide 9: A New Way of Seeing Rouyn
A New Way of Seeing Rouyn Integrating decades of data with new drilling and geological thinking rsonal use only • Decades of drilling provide an extensive geological dataset • Historic information is being integrated with our new drilling • Structural controls are becoming better understood • Broad
Slide 10: The Model Is Working
The Model Is Working Drilling is reinforcing our geological interpretation rsonal use only Broad Envelopes High-Grade Shoots Visible Gold Continuity 10
Slide 11: The Gold System Reveals Itself
The Gold System Reveals Itself Broad envelopes. High-grade shoots. Growing continuity. rsonal use only Testing the model Refining the interpretation Improving targeting Testing continuity Growing the resource Refer ASX releases 27 March, 21 April, 4 June, 30 June and 31 August 2026 11
Slide 12: Consistent With Large Abitibi Gold Systems
Consistent With Large Abitibi Gold Systems Geological characteristics with well-established regional precedents rsonal use only • Structurally controlled orogenic gold system • Geological setting consistent with long-life Abitibi deposits • Immediate neighbours serve as technical blueprints for Rouy
Slide 13: Our Path: From Gold System to Gold Mine
Our Path From Gold System to Gold Mine rsonal use only Understand Every great mine begins with understanding the system the system We believe Rouyn is now at that point Earn community trust Build the mine Grow the resource Demonstrate the economics 13
Slide 14: Two Ways to Create Value
Two Ways to Create Value More ounces + greater value per ounce rsonal use only 1. Grow the Mineral Resource → More ounces ~7km 2. Close the valuation gap → Greater value attributed to each ounce More ounces × greater value per ounce 14
Slide 15: Beyond Rouyn
Beyond Rouyn Building a second long-term growth platform rsonal use only Rouyn is our priority while Pickle Lake provides future district-scale growth 15
Slide 16: Unlocking Golden Patricia
Unlocking Golden Patricia Modern interpretation of a historic high-grade mine rsonal use only • District-scale landholding (~675 km²) • Golden Patricia: historic high-grade underground mine (~620koz @ ~16.5g/t)* • Multiple high-priority exploration targets • Platform for longer-term discovery * The
Slide 17: We're Only Beginning
We’re Only Beginning The best chapters of the Rouyn story are still to come rsonal use only World-class jurisdiction Foundation asset New geological understanding Gold system emerging at scale The journey is just beginning Drilling at the Rouyn Gold Project, Québec Photo courtesy of local resident,
Slide 18: Appendices
Appendices rsonal use only 1. Geological Background 2. Mineral Resource Estimates 3. Competent Person’s Statement 4. Peer Comparison – Market Cap per Ounce 18 Logging drill core at Lac Gold’s Western Hub, Pickle Lake
Slide 19: 1. Geological Background
1. Geological Background Piché Group – Cadillac-Larder Lake Fault Zone The Piché Group, a volcanic and ultramafic sequence in the Abitibi Famous mines along the Cadillac Break hosted in the Piché Group: rsonal use only Greenstone Belt, is one of the most important host rock groups along 1. LaRonde M
Slide 20: 2. Mineral Resource Estimates (JORC 2012)
2. Mineral Resource Estimates (JORC 2012) September 2023 Indicated Inferred Total Astoria1 Tonnage (Mt) Grade (g/t) Gold Ounces (koz) Tonnage (Mt) Grade (g/t) Gold Ounces (koz) Tonnage (Mt) Grade (g/t) Gold Ounces (koz) rsonal use only Ultramafic 2.9 3.16 293 3.7 3.28 386 6.5 3.23 679 Argillite 0.5
Slide 21: 3. Competent Person's Statement
3. Competent Person’s Statement Kasagiminnis Mineral Resource rsonal use only The information in this presentation that relates to JORC Mineral Resources for the Pickle Lake Gold Project has been extracted from Lac Gold's accompanying ASX announcement entitled “Maiden High-Grade Gold Resource at Pic
Slide 22: 4. Peer Comparison
4. Peer Comparison As at 20 October 2026 Measured & Measured, Market Indicated Inidcated & Market Market Cap Cap Resource Market Inferred Grade (g/t) Cap/oz Company Ticker Status (C$m) (A$m) (Moz) Cap/oz ($A) Resource (Moz) Au ($A) rsonal use only Radisson Mining Resources TSXV:RDS Exploration 542.2