Lunnon Metals Limited · ASX:LM8
Lunnon Metals — Investor Presentation (January 2026)
18 slides from Lunnon Metals's investor presentation, Jan 20, 2026
Slide 1: Investor Presentation ASX Announcement
ASX ANNOUNCEMENT ASX ANNOUNCEMENT 20 January 2026 INVESTOR PRESENTATION 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 upc
Slide 2: Investor Update: Springboard for growth, St Ives
JANUARY 2026 ST IVES This slide is 100% editable. For personal use only Adapt it to your needs and Acapture springboard your audience’s for growth… attention. This slide is 100% editable. INVESTOR Adapt it to your needs and capture your audience’s attention. ASX : LM8 UPDATE Edmund Ainscough
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 Boulder-Lefroy Fault Zone BETA-HUNT • St Ives – over 16Moz* produced (WGX) since early 1980s For personal use only INTREPIDE GREATER REVENGE • Corridor approx. 32km x 7km • Bounded by Boulder-Lefroy and N INVINCIBLE Speedway Faults V
Slide 5: Lunnon Metals Overview
LUNNON METALS OVERVIEW Corporate structure (ASX:LM8) JANUARY 2026 only Liam Twigger Edmund Ainscough Non-Executive Chair Managing Director 223.3m $0.50 ~$112m Board Shares on issue Share price Market cap (close 19/01/2026) For personal use Ashley McDonald Deborah Lord Non-Executive Director Non-Exec
Slide 6: The Pride of St Ives – Gold Fields' Invincible Mine
The Pride of St Ives – Gold Fields’ Invincible Mine KAMBALDA 4.5km!! For personal use only Source: www.goldfields.com/pdf/2025-diggers-and-dealers.pdf Invincible is located on Gold Fields Ltd’s tenure at St Ives 5 * Images sourced from Gold Fields Ltd’s website www.goldfields.com and are of the Invi
Slide 7: Foster-Baker Gold Discovery Program
Foster-Baker Gold Discovery Program • Field of view hosts > 7Moz^ of past gold production on surrounding Gold Fields’ tenure For personal use only • LM8 Gold program commenced Q1 2024, drilled to date: • 36.9 km RC (649 holes) • 5.7 km DD (26 holes) >2km/month • 6.0 km Aircore (146 holes) • Discover
Slide 8: Lady Herial Feasibility Study
Lady Herial Feasibility Study# Robust Operating Free Cash Flow (A$M pre-tax) “Next Steps” (Noosa July 2025) For personal use only 40.37 5,000 5,500 6,000 6,250 6,500 7,000 Complete technical studies – confirm 70% 27.8 32.8 37.8 40.4 42.9 47.9 financial benefits and physicals Sensitivity to A$ Gold P
Slide 9: Ore Purchase Agreement with SIGMC
Ore Purchase Agreement with SIGMC1 Lady Herial: 0.27 million tonnes @ ~1.89 g/t Au for 16,270 ounces2 For personal use only KEY TERMS AGREED CONDITONS PRECEDENT Sell mined material >0.5g/t Au to SIGMC All satisfied (15 January 2026) Final grade control model, mine design and schedule used to determi
Slide 10: Discovery to Mine in ~20 months
Discovery to Mine in ~20 months 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 @ 12
Slide 11: Plentiful & Paringa West
Plentiful & Paringa West add to the size and scale of opportunities on Lunnon Metals’ tenure 2025 10m @ 1.23g/t Au (PBS25RC_030 from 33m) 24m @ 0.74g/t Au (PBS25RC_032 from 49m) 18m @ 0.84g/t Au (PBS25RC_034 from 48m) For personal use only 1m @ 14.90g/t Au (PBS25RC_037 from 38m) 8m @ 0.75g/t Au (PBS
Slide 12: Kambalda – home of high-grade Nickel Sulphides
Kambalda – home of high-grade Nickel Sulphides NICKEL MINERAL RESOURCE: Baker 1Mt @ 3.3% Ni for 33,700t metal1 Foster 2Mt @ 2.9% Ni for 58,400t metal1 For personal use only BHP – NICKEL WEST LUNNON METALS Owns the Kambalda Nickel Concentrator High-grade, high-quality, low deleterious Kambalda Nickel
Slide 13: ...in the heart of the great St Ives Gold camp
…in the heart of the great St Ives Gold camp KAMBALDA SUCCESSFUL EXPLORER WORLD CLASS ADDRESS BETA-HUNT GOLD & NICKEL ST IVES 16Moz* for GOLD (WGX) For personal use only INTREPIDE KAMBALDA 1.6Mt* for NICKEL WESTERN AUSTRALIA __________________ GREATER REVENGE __________________ STRONG CASH INVINCIBL
Slide 14: St Ives for Gold: Kambalda for Nickel
For personal use only ST IVES FOR GOLD : KAMBALDA FOR NICKEL 13
Slide 15: 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. 14
Slide 16: 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 presentation and previous announcements that relates to gold and nickel geology, or informed gold and nickel Mineral Resources, Exploration Targets,
Slide 17: Gold Mineral Resources / Ore Reserves Reporting
GOLD MINERAL RESOURCES / ORE RESERVES REPORTING This presentation contains references to Lunnon Metals’ gold Ore Reserves & Mineral Resources, which are shown in a detailed breakdown below. Gold Mineral Resources* at 18 November 2025 (>0.5g/t Au cut-off) For personal use only * total s may not add u
Slide 18: 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 cut-off) For personal use only The Company confirms that, all material assumptions and tec