Bubalus Resources Ltd. · ASX:BUS
Bubalus Resources — Investor Presentation (October 2026)
21 slides from Bubalus Resources's investor presentation, Oct 29, 2026
Slide 1: Skyline Project
Skyline Project rsonal use only Copper - Gold · Western Tasmania Eastern margin of the Mount Read Volcanics, adjacent to and along strike from Mt Lyell Binding acquisition agreement executed · A$3.0m placement firm commitments received Investor Presentation · October 2026 ASX:BUS www.bubalusresource
Slide 2: Important notices
Important notices rsonal use only Not an offer or advice Exploration results and JORC Third party information This presentation is for information purposes only. It is not a prospectus, Exploration Results for the Skyline Project referred to in this presentation Information concerning Mt Lyell, Rose
Slide 3: Skyline - funded to drill
Skyline - funded to drill A drill-confirmed copper-gold system and an untested high-impact target, next door to a committed mine restart rsonal use only MT LYELL RESTART APPROVED FUNDED TO DRILL 79.4 Mt Mineral Resource containing 1,609 Mlb Cu and 0.5 Moz Au. Sibanye-Stillwater approved a ~A$4.5m pr
Slide 4: The transaction
The transaction Binding Tenement Sale Agreement executed to acquire 100% of the Skyline Project from CopperCorp Resources Inc. (TSXV:CPER) rsonal use only Acquisition of a 100% interest in the five Skyline exploration licences by transfer of tenements. Bubalus is not acquiring CopperCorp or its othe
Slide 5: The placement
The placement Well supported, scaled back to $3 million rsonal use only Raise size A$3,000,000 (before costs) USE OF FUNDS Shares 42,857,143 new shares (Tranche 1 - 17,472,002 and Tranche 2 – 25,385,141) Approximately 4,000 m of diamond drilling across Jukes and Hydes in the 2026/27 drilling season,
Slide 6: Capital structure and funding
Capital structure and funding Indicative pro forma position on completion of the acquisition and placement rsonal use only P R O F O R M A C AP I T AL S T R U C T U R E Shares on issue today 69,888,008 A$10.2m Market capitalisation at A$0.07 Consideration shares 29,181,759 Placement shares at A$0.07
Slide 7: Valuation framing
Valuation framing ASX Listed Tasmanian Assets rsonal use only A$5.7m A$4.5m A$2.5m >A$490m Implied enterprise value on completion Total consideration, of which A$3.0M at Committed to Skyline in year one Capital approved for Mt Lyell, ~10km completion away P E E R C O M P AR I S O N - AS X - L I S T
Slide 8: The address
The address Skyline sits on the eastern margin of one of Australia's most endowed volcanic belts rsonal use only IN THE NEIGHBOURHOOD Mount Read Volcanics Mt Lyell Copper-gold field adjacent to the project, in production for over a century to 2014. Mineral Resource 79.4 Mt containing approximately 1
Slide 9: The address: Skyline on the eastern margin of the Mount Read Volcanics
The address Skyline on the eastern margin of the Mount Read Volcanics belt rsonal use only ONE BELT, FOUR MINES Mt Lyell, Rosebery, Hellyer and Henty all sit within the Mount Read Volcanics. Skyline covers the eastern margin of the belt in the West Coast Range. ALONG STRIKE FROM MT LYELL The Jukes p
Slide 10: Mt Lyell to re-start
Mt Lyell to re-start Sibanye-Stillwater approved the Mt Lyell restart on 2 September 2026 - Skyline adjoins the field and lies along strike rsonal use only W H AT I T M E AN S F O R B U B AL U S >A$490m 23 years 1 A funded operator ~10 km from Jukes Capital approved for the restart Initial mine life
Slide 11: Skyline at a glance
Skyline at a glance Five granted exploration licences and eight identified prospects rsonal use only TE N U R E EL16/2018 · EL24/2020 · EL8/2023 · EL14/2023 · EL11/2024 Jukes Hydes South Darwin Dora Drilled - Cu-Au-Ag Surface mineralisation ineffectively Early stage - drilled intercepts Early stage
Slide 12: Jukes - drill-confirmed copper-gold
Jukes - drill-confirmed copper-gold Broad Cu-Au system with multiple high-grade shoots, open along strike and at depth rsonal use only Hole From Intercept Key internal interval JDD001 72.0 m 132.0 m @ 0.35% Cu + 0.19 g/t Au incl. 3.1m @ 2.17% Cu + 2.10 g/t Au JDD002W1 498.0 m 50.0 m @ 0.66% Cu + 0.2
Slide 13: Jukes Drilling plan view and cross section
Jukes Drilling 13 existing holes (plus 1 wedge) - all intersected copper-gold mineralization - system open at depth and along strike rsonal use only Jukes Drilling - Plan View Jukes Drilling - Cross Section and Key Significant Intercepts . . ASX:BUS www.bubalusresources.com.au 13
Slide 14: Jukes — alteration and mineralisation
Jukes — alteration and mineralisation Chalcopyrite-bearing veined and altered volcanics, JDD002W1 rsonal use only Coarse chalcopyrite in veined volcanics – high grade A-D: representative alteration and sulphide styles, JDD002W1 section of JDD002W1 (2.05m @ 4.20% Cu + 1.66 g/t Au) Core photographs su
Slide 15: Hydes - the ineffectively tested target
Hydes - the ineffectively tested target 24 m @ 0.74% Cu + 0.36 g/t Au in channel, including 14 m @ 0.97% Cu + 0.56 g/t Au rsonal use only THE TARGET Continuous channel sampling across outcropping chalcopyrite-bearing, chlorite- altered volcanics and breccia. HDD001 was collared from a sub-optimal po
Slide 16: Six additional exploration opportunities
Six additional exploration opportunities A deep pipeline beyond Jukes and Hydes rsonal use only South Darwin Dora Prior results include 124 m @ 0.40% Cu + 0.12 g/t Au and 13 m @ 1.2% Cu + 0.45 g/t Approximately 5 km mineralised corridor with only limited modern drilling. Au in limited prior drilling
Slide 17: Exploration program
Exploration program A$2.5m over twelve months, front-loaded into the 2026/27 summer season rsonal use only PHASE 0 Enabling work Rig and helicopter deposits. Legacy core re-logging and re-assay. Geophysical review. Team building. A$320k PHASE 1 Target definition Ground gravity infill over Hydes. Dis
Slide 18: Timeline and news flow
Timeline and news flow Momentum from completion rsonal use only Oct 2026 Binding Tenement Sale Agreement executed. Placement firm commitments received. Notice of meeting despatched. General meeting, shareholder approval and completion of the acquisition. Rig and helicopter capacity Nov - Dec 2026 so
Slide 19: Board and management
Board and management Australian-based, technically led, aligned with shareholders rsonal use only Brendan Borg Nick Jolly Managing Director Non-Executive Director (Proposed) BB NJ Geologist with 30 years' experience in exploration, resource development, mining Geologist with over 25 years' experienc
Slide 20: In summary
In summary rsonal use only Five granted licences on the eastern margin of the Mount Read Volcanics, adjacent to and along strike from Mt Lyell - where Sibanye- Stillwater approved a >A$490m restart on 2 September 2026. Drill-confirmed copper-gold at Jukes: all thirteen holes (plus one wedge) interse
Slide 21: Competent Person Statement
Competent Person Statement Required disclosures under the JORC Code (2012) and ASX Listing Rules 5.22 and 5.23 rsonal use only Exploration Results The information in this presentation that relates to Exploration Results for the Skyline Project is based on, and fairly represents, information compiled
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