Austral Resources Australia Limited · ASX:AR1
Austral Resources Australia — Technical Presentation (January 2026)
24 slides from Austral Resources Australia's technical presentation, Jan 29, 2026
Slide 1: Building Australia's next mid-tier copper powerhouse
AUSTRAL RESOURCES For personal use only AUSTRALIA LTD (ASX:AR1) Building Australia’s next mid-tier copper powerhouse Site Visit Presentation 29-30 January 2026
Slide 2: Important Notice and Disclaimer
Important Statement Important Notice and Disclaimer You must read this notice before reading or making any use of this Presentation (defined below) or any information contained in this Presentation. By continuing to read, use or otherwise act on this Presentation, you agree to be bound by the follow
Slide 3: Unlocking the full potential of the Mount Isa copper system
Austral is seeking to unlock the full potential of the Mount Isa copper system, the heart of Queensland’s copper belt, through smart, strategic consolidation For personal use only ▪ Driving growth with strong support and alignment from key stakeholders Backed by ▪ Includes The Springwood Group (Velr
Slide 4: Austral Resources: Asset Portfolio
Austral Resources: Asset Portfolio Exposure to copper production, development and exploration supported by operatorship and ownership of key regional processing infrastructure For personal use only 1 Mt Kelly 2 Rocklands 1 3 Lady Loretta 2 • Existing 100% owned asset, • Includes mining leases, • Inc
Slide 5: Dual Oxide and Sulphide Processing Capabilities
Dual Oxide and Sulphide Processing Capabilities The pathway to building a strong business, with meaningful production scale at efficient costs and high margins Western Hub Eastern Hub For personal use only • Processing at Mt Kelly • Rocklands currently on care SX-EW plant & maintenance • Currently o
Slide 6: Mt Kelly SX-EW
Austral Resources Australia Limited (ASX:AR1) Scale I Synergy I Sustainability For personal use only Mt Kelly SX-EW Existing copper production with significant expansion potential 6
Slide 7: Mt Kelly: Five Year Plan For Ore Feed
Mt Kelly: Five Year Plan For Ore Feed We have a strong +5-year outlook, with consolidation and exploration to drive ongoing growth & extension For personal use only Our last 20 years of operation at Mt Kelly enable us to understand its performance well: • Recoveries of ~84% of oxide material To be s
Slide 8: Lady Annie Pit & Cutback
Lady Annie Pit & Cutback The acquisition of Lady Loretta enables a meaningful cutback and extension at Lady Annie • For personal use only Lady Annie already provides a meaningful source of ore for Mt Kelly operations and is well known and understood • Lady Annie sits on a sub-block of the Lady Loret
Slide 9: Mt Clarke / Flying Horse
Mt Clarke / Flying Horse Pre-production prospects with significant upside • For personal use only Current Resource Base of Flying Horse (14.2Mt @ 0.77% Cu) • High-Grade Cu (+2%) OPEN: 2019 drilling demonstrated ‘Saddle Lode’ remains open along strike • The Path to 1% Cu Grade: Adding an additional s
Slide 10: Lady Loretta Mine
Austral Resources Australia Limited (ASX:AR1) Scale I Synergy I Sustainability For personal use only Lady Loretta Mine Zinc Production and Copper Development 10
Slide 11: Overview of Lady Loretta
Overview of Lady Loretta Existing mine which will be an immediate exploration focus – potential to extend mine life • For personal use only Austral has entered into an agreement with Glencore AG to acquire the Lady Loretta mining leases, associated EPMs, and site infrastructure, thereby consolidatin
Slide 12: Lady Loretta: An Obvious Transaction
Lady Loretta: An Obvious Transaction The Lady Loretta Mining Lease is immediately adjacent to Lady Annie • For personal use only Seamless integration with Lady Annie – Lady Annie mineralisation extends into the Lady Loretta ML – Allows cutback walls to mine existing (known) resource at Lady Annie •
Slide 13: Rocklands Copper Mine
Austral Resources Australia Limited (ASX:AR1) Scale I Synergy I Sustainability For personal use only Rocklands Copper Mine A large copper development, with significant strategic importance 13
Slide 14: Rocklands Site Layout
Rocklands Site Layout Rocklands South Pit Las Minerale Pit For personal use only Crushing Circuit Flotation and Separation Gravity Circuit Power Station Consignment Sheds Stores 14
Slide 15: Tolling Agreement: Hub & Spoke Production Strategy
Tolling Agreement: Hub & Spoke Production Strategy Partnership with Glencore to deliver sustainable production. Rocklands is the only plant with 3rd party For personal use only capacity • The tolling agreement between Glencore and Austral ensures that it will remain well supported and fed • Austral
Slide 16: Untapped Exploration Potential
Untapped Exploration Potential Prior owners have been cash-strapped and there has been little exploration on the Rocklands tenure for well over a decade • For personal use only Current Resource Base Only Includes Resource within Pit Opt Shells – 11.26Mt @ 0.69% Cu, 0.13g/t Au – Cu-Au mineralization
Slide 17: Corporate & Financing
Austral Resources Australia Limited (ASX:AR1) Scale I Synergy I Sustainability For personal use only Corporate & Financing Strong Board & Management with a recapitalised balance sheet 17
Slide 18: Corporate Snapshot
Corporate Snapshot 0.16 100 Capital Structure Millions Daily Volume Traded On-Market Daily Close Price Market Performance 0.14 90 For personal use only 80 Shares on Issue 1,698,808,647 0.12 Daily VolumeTraded On-Market 70 Share Price A$0.125 Close Price (A$/share) 0.10 60 Market Capitalisation $212.
Slide 19: Board of Directors
Board of Directors Significant overhaul of Board and management team to ensure the business can execute its strategy efficiently For personal use only David Newling Dan Jauncey Michael Hansel David Quinlivan Neil Meadows Sean Westbrook Non-Exec Chair Non-Exec Director Non-Exec Director Non-Exec Dire
Slide 20: Annexures
For personal use only Annexures 20
Slide 21: JORC Mineral Resources: Lady Annie Project
JORC Mineral Resources Lady Annie Project (as at 31 December 2024) Material Cut-off grade Measured Resources Indicated Resources Inferred Resources Total Resources Deposit Type (Cu %) Mt Cu (%) Ca1 (%) Mg1 (%) Mt Cu (%) Ca1 (%) Mg1 (%) Mt Cu (%) Ca1 (%) 1 Mg (%) Mt Cu (%) Ca1 (%) Mg1 (%) For persona
Slide 22: JORC Mineral Resources (Cont.)
JORC Mineral Resources (Cont.) Lady Annie Project (cont.) (as at 31 December 2024) Material Cut-off grade Measured Resources Indicated Resources Inferred Resources Total Resources Deposit 1 1 1 1 1 1 1 1 Type (Cu %) Mt Cu (%) Ca (%) Mg (%) Mt Cu (%) Ca (%) Mg (%) Mt Cu (%) Ca (%) Mg (%) Mt Cu (%) Ca
Slide 23: JORC Mineral Resources (Cont.): Rocklands Project
JORC Mineral Resources (Cont.) For personal use only Rocklands Project (as at 1 November 2024) Material Cut-off grade Measured Resources Indicated Resources Inferred Resources Total Resources Deposit Type (Cu %) Mt Cu (%) Au (g/t) Mt Cu (%) Au (g/t) Mt Cu (%) Au (g/t) Mt Cu (%) Au (g/t) Sulphide 0.2
Slide 24: Contact Details
CONTACT DETAILS For personal use only Austral Resources Australia Ltd (ASX:AR1) admin@australres.com admin@australres.com +61 7 3520 2500 Level 9, 60 Edward Street Brisbane City Qld 4000 www.australres.com Approved by the board of the Company
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