Slide 1: Unlocking the Value of the New High-Grade Mabilo Mine
UNLOCKING THE VALUE OF THE NEW HIGH-GRADE MABILO MINE NOW FULLY FINANCED Stage 1 High-grade Copper DSO (21%) Start-up Operation Fully Financed and Nearing Commitment TSX: RTG // ASX: RTG // RTGMINING.COM INVESTOR UPDATE: March 2025 1
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer Forward-Looking Statements Certain statements contained in this presentation constitute forward-looking statements within the meaning of applicable securities laws, including, among others, statements made or implied relating to RTG’s objectives, strategies to achieve
Slide 3: Strong Board and Management
Strong Board and Management The right team to deliver value and success MICHAEL CARRICK Chartered Accountant with over 30 years in the resources CHAIR • Developed 7 mines in 5 different countries around the sector. Michael was previously Chair & CEO of CGA Mining, world specialising in emerging mark
Slide 4: RTG Management's Competitive Advantage
1994-1995 RTG Management’s AUSTRALIA Competitive Advantage Marymia, Bullabulling, Chalice 1997 GHANA Relationships with Host Countries and Communities Obotan Gold Project 1998 Proven track record managing political risk and succeeding in TANZANIA countries around the world Golden Pride Project Guidi
Slide 5: Corporate Summary
Corporate Summary Strong Institutional Support 1,128.6M Significant Shareholders RTG SHARES ON ISSUE (undiluted) ASX & TSX CODE 1,169.0M Equinox 19% SHARES ON ISSUE (fully diluted) Hains Family 18% Franklin Resources 11% ZERO $0.02 Carpe Diem Asset Management 9% DEBT SHARE PRICE Libra 5% Sun Valley
Slide 6: RTG Investment Proposition
RTG Investment Proposition Why invest in RTG Mining? • Flagship Mabilo Project is listed as one of the priority projects for the Philippines – the MGB has been very supportive of Mt. Labo’s efforts and the Project • Mabilo is a world-class high-grade copper/gold project (CuEq 4.61% Reserve), fully p
Slide 7: Mabilo Project
Mabilo Project H I G H G R A D E C O P P E R - G O L D TSX: RTG // ASX: RTG // RTGMINING.COM 7
Slide 8: Mabilo Project Summary: High-Grade Copper Gold
Mabilo Project Summary: High-Grade Copper Gold High-grade development-ready project with a strong pipeline of exploration prospects to grow existing resource base CuEq Resource: 532kt (1,173M lb) @ 4.19%* CuEq Reserve: 359kt (792M lb) @ 4.61%* • Mining Permit and Environmental Clearance Certificate
Slide 9: RTG Portfolio Philippines
RTG Portfolio Philippines High-value assets from exploration through to development stage Mabilo Development: Near-Term Potential • Bankable Feasibility March 2016 • Fully Financed Stage 1 , financing and offtake with Glencore • EPEP and FMR/DP approved March 2019 • Mining Permit granted May 2020 •
Slide 10: 2015 Resource & Reserve Estimate
Mabilo Project: 2015 Resource & Reserve Estimate Major upside potential at Mabilo: Only 18,000m drilled to date Mabilo Resource Million Contained Au Contained Cu Au g/t Cu % Fe % Indicated and Inferred Tonnes (‘000s oz) (‘000s t) 226.8t Total Resource 12.76Mt 1.9g/t 1.80% 40.5% 762.5oz (499M lb) 23.
Slide 11: New Mineralised Zones
Mabilo Project: New Mineralised Zones Open along strike, down plunge, regionally TSX: RTG // ASX: RTG // RTGMINING.COM 11
Slide 12: Stage 1 US$30M Binding Finance Terms Agreed
Mabilo Project: Stage 1 US$30M Binding Finance Terms Agreed Debt financing for 100% of DSO CAPEX Plus working capital/overrun Facility • Estimated capex of under US$25M (with allowance for capitalised interest) and working capital of up to US$7.5m • Debt facility agreed with Glencore, a highly respe
Slide 13: Strong Cashflow to RTG
Mabilo Project: Strong Cashflow to RTG Share of Economics Approx. US$339M* (After Tax Cashflow and Debt before any Exploration Success) with an NPV5 of US$285M* Key Deal Terms: • One company structure - 60% held by TVIRD and 40% by SRM Gold/RTG • Typical minority protection clauses in shareholder ag
Slide 14: Stage 1 DSO Start-up
Mabilo Project: Stage 1 DSO Start-up Net cash flow after tax from DSO forecast at US$145M* Products by Month 1-5 Gold Cap ~300,000 t @ avg 3.08 g/t Au • Strong collaboration between the teams as the focus continues towards commitment to start-up of high-grade DSO operation planned first half 2025 Of
Slide 15: Economic Highlights
Mabilo Project: Economic Highlights $574M* NPV5 After - Tax Stage 1 – Direct Shipping 18 Months Stage 2 – Primary Concentrate Production (Updated 2024) (2016 Feasibility Study) Capex <$25M Capex $164M Pre-strip $31.1M Net Operating Cashflow Net Annual Operating Cashflow $145M* $140M* (after tax) (af
Slide 16: Strong Leverage to Copper Price
Mabilo Project Summary: Strong Leverage to Copper Price Approx. 50% of the project contribution comes from copper, with expectations of improved copper prices Current Commodity 10% Increase in Cu 20% Increase in Cu Prices* US$M** US$M*** US$M NPV5 $637M $700M $574M 11% increase 22% increase Net Cash
Slide 17: Targeted Timeframes
Mabilo Project: Targeted Timeframes Development commitment and exploration to grow resources and reserves Current focus will be acquisition of remaining surface rights with Glencore financing, then final permitting for clearing land Target to commit to development and DSO start- up in second half 20
Slide 18: Stage 2 Primary Concentrate Production
Mabilo Project: Stage 2 Primary Concentrate Production Three high-quality & clean concentrate products Average Average % of Net Concentrates Produced/Year Cashflow* Copper-Gold 65,000t 84.6% 27% Cu & 21 g/t Au Pyrite 220,000t 4.9% 3 g/t Au (46% Sulphur) Magnetite 535,000t 10.5% 65% Fe • 1.35 Million
Slide 19: Exciting Exploration Potential – New Sources
Mabilo Project: Exciting Exploration Potential – 3 New Sources Potential for high-grade copper/gold corridor & porphyry target at depth • Only 18,000M of drilling to date, drilling truncated early by ex partner Galeo • Strong growth potential in current reserve and resource with infill and step out
Slide 20: Growth Along Strike and at Depth
Mabilo Project: Growth Along Strike and at Depth Potential for high-grade copper/gold corridor & porphyry target at depth • Drilling priority: Targeting resources within the current pit design at relatively shallow levels to come into the mining phase early • 1.6 Mt inferred resource inside the pit,
Slide 21: Exploration Game Changer
Mabilo Project: Exploration Game Changer High-quality porphyry drill targets • Magnetic feature correlated with Chargeable body directly adjacent to magnetite skarn resources • Strong magnetic body South of Venida pit correlated with strong Chargeable body • The NE dipping orientation of the buried
Slide 22: Exploration Game Changer
Mabilo Project: Exploration Game Changer Porphyry signature: strong evidence of porphyry located close to identified orebodies • MDH-94 bornite-molybdenite chalcopyrite with rare visible gold around 150m • Re-log of MDH-03 at 120m showed porphyry-style veining bornite- chalcopyrite with elevated cop
Slide 23: Panguna Project
Panguna Project O P P O R T U N I T Y F O R R E D E V E L O P M E N T TSX: RTG // ASX: RTG // RTGMINING.COM 23
Slide 24: The Bougainville Opportunity
The Bougainville Opportunity RTG nominated as the Landowner’s developer of choice only developer to have secured critical Landowner support • Panguna Mine was the largest operating copper & gold mine in the world, operated for 17 years and produced 3Mt or 6.6B lb of Cu & 9.3M oz of Au • Landowners o
Slide 25: Bougainville Opportunity: BCL Mineral Resource
Bougainville Opportunity: BCL Mineral Resource US$105 Billion* in minerals in the old mine 2015 Resource Estimate Indicated: 9.6Mt @ 0.63% Indicated and Inferred Resource** Cu Au CuEq Inferred: 1.8Bt 0.3% 0.34g/t 1.7Mt @ 0.57% Contained Metal 5.3Mt (11.66Blb) 19.3Moz Billion Contained Contained Dec
Slide 26: Chanach Project
Chanach Project E M E R G I N G N E W M I N I N G J U R I S D I C T I O N TSX: RTG // ASX: RTG // RTGMINING.COM 26
Slide 27: Chanach: Middle of Major Copper Province
Chanach : Middle of Major Copper Province Chanach Area TSX: RTG // ASX: RTG // RTGMINING.COM 27
Slide 28: Chanach Summary: Continued Exploration Success
Chanach Summary: Continued Exploration Success An emerging high-grade copper and gold opportunity • RTG holds a majority stake (90%) in the high-grade Chanach Gold and Copper Project in the Kyrgyz Republic • Clear potential to host both a high-grade, large Copper – Gold Porphyry Skarn system combine
Slide 29: Chanach: Significant Porphyry Target Identified by IP
Chanach : Significant Porphyry Target Identified by IP • Large chargeable anomaly surrounded by resistive anomaly over de-magnetised zones • L*W*D ~1500m*1500m*+750m • Open at depth and to the west • Amplitudes exceeding 50 mV/V over 150m in depth (exceptionally strong response and is analogous to o
Slide 30: Chanach: Significant Porphyry Target Identified by IP
Chanach : Significant Porphyry Target Identified by IP View looking to the east • When resistivity is incorporated into the model, it can be observed that there is a resistive shell that extends down and is open at depth. It is slightly offset from the perceived centre of the chargeable shells • The
Slide 31: Chanach: Porphyry Target Comparative Example
Chanach : Significant Porphyry Target Identified by IP Comparative example Chanach Elang Red polygon is magnetics high Magnetic Analytic Signal Resistivity Chargeability mV/V Ωm • The high chargeability (greater than 50 mV/V) is associated with Elang Cu-Au porphyry deposit, Sumbawa, Indonesia the ve
Slide 32: Chanach Project: Resource Statement
Chanach Project: Resource Statement Own 90% of the project, acquisition cost US$3.65/oz Au and US$0.0063/lb Cu Gold Equivalent MAJOR UPSIDE Resource 790,600 Ounces* Only 19,516 Metres 484Koz Au & 64Kt Cu Drilled to Date GOLD MINERAL RESOURCE Tonnes (000s) Au g/t Au Ounces (000s) Lower Gold Zone 1,15
Slide 33: Contact RTG Mining
Contact RTG Mining Please contact our team for any further information Justine Magee President & CEO Tel: +61 8 6489 2900 Email: jmagee@rtgmining.com Mark Turner ANNUAL GENERAL MEETING Chief Operating Officer Tel: +61 8 6489 2900 Email: mturner@rtgmining.com WEDNESDAY 31 MAY 2023 Sam Burns Six Degre