Somerset Minerals Limited · ASX:SMM
Somerset Minerals — Investor Presentation (February 2026)
21 slides from Somerset Minerals's investor presentation, February 2026
Slide 1: Exploring for the Next Generation of Mines
EXPLORING FOR THE NEXT GENERATION OF MINES Investor Presentation | February 2026 ASX:SMM
Slide 2: Cautionary Statements & Disclaimer
Disclaimer Cautionary Statements & Disclaimer The information contained in this presentation is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. Please note that, in providing this presentation, the Company has not considered t
Slide 3: Corporate Overview
Corporate Overview Capital Structure SMM 1,196m $19.1m $4.55m $15.8m 267.4m ASX Code Shares on Issue Market Cap Cash (31 Dec 25) Enterprise Value Options1 (undiluted at $0.016/sh) 3 Board of Directors & Management Chris Hansen Mike Edwards Melanie Ross Alex Vilela Managing Director Non-Executive Non
Slide 4: Coppermine Investment Highlights
Coppermine Investment Highlights CopperMine Nunavut, Cu-Ag Drilling & regional exploration resuming in early-March 2026 Tier-1 Potential Thick, High-Grade Hits Regional Endowment 4 Hallmarks of a major copper system – Maiden drilling in July 2025 hit thick, high- Recent surface sampling spanning cop
Slide 5: Coppermine Prime Location
Coppermine Prime Location Location Base Hub Air Links Mining Hub Proximity Mainland Canada, Kugluktuk hosts Daily passenger flights Yellowknife is the Near major mines only 25–75 km from all-weather airport & & regular freight from “Kalgoorlie” of NW Canada, incl. Hope Bay (Au) Kugluktuk (pop. ~1,50
Slide 6: Coppermine Project
Coppermine WHITE CLIFF MINERALS (ASX:WCN; MCap A$50m) DURANGO GOLD (Private) Project JURC001 Kugluktuk 42.7m @ 2.69% Cu from 15.2m, incl District-scale 6.1m @ 5.51% Cu from 15.24m, and 16.76m @ 3.96% Cu from 41.15m opportunity 19.1% Cu, 21 g/t Ag Jura 17.4% Cu, 15 g/t Ag Massive landholding with 44.
Slide 7: Jura District
JURA DISTRCIT Me Somerset MINERALS LTD
Slide 8: Jura District
Jura District Multiple untested regional targets at Jura Mineralisation has now been confirmed by drilling over more than 3 km of strike, and together with surface copper occurrences and geophysics, is interpreted to extend for 8 more than 7 km along the Jura Fault Zone with numerous untested target
Slide 9: Jura District: Jura North Overview
Jura District: Jura North Overview 5.5km high-grade copper trend. First hole hit 42.7m @ 2.69% Cu from 15.2m1. Open in all directions. Location: Jura is located 25 km south of Kugluktuk and close to the coast, spanning a 5.5 km high-grade copper trend in the east of Somerset’s extensive project area
Slide 10: Jura District: Jura North Maiden Drill Results
Jura District: Jura North Maiden Drill Results All holes drilled to date at Jura have intercepted thick high-grade mineralisation Significant intercepts include1: • JURC001: 42.7m @ 2.69% Cu, from 15.24m, including : • 16.8m @ 3.96% Cu, from 41.15m. • JURC006: 59.4m @ 1.5% Cu, from 83.8m, including
Slide 11: Jura District: Geophysical Results
Jura District: Geophysical Results Geophysics suggests mineralised zone at Jura North extends to at least 600m below surface1 Overview: Recently completed geophysics at Jura North & South combined induced polarisation and resistivity, mapping multiple, clear anomalies along the Jura fault.1 Depth Po
Slide 12: Regional Exploration
~” REGIONAL EXPLORATION Me Somerset MINERALS LTD
Slide 13: Regional Exploration
Regional Exploration Systematic mineral-systems approach adopted for regional targeting serving to identify multiple prospects Airborne Magnetics Coincident Anomalies 200m line-spacing airborne magnetic survey flown in late-2025 The integration of both the geochemical and magnetic to identify demagn
Slide 14: Regional Exploration
Regional Exploration Late-2025 geophysics & geochemistry delivered multiple new copper targets, where coherent copper anomalies coincide with demagnetised faults Standout is Talisker— #1 priority for immediate follow-up: a ~17 km 14 coincident anomaly with four soil samples >1,000 ppm Cu and a peak
Slide 15: Regional Exploration: Talisker
Regional Exploration: Talisker ~17 km long coincident anomaly, 5km from Danvers Talisker is now Somerset’s highest-priority regional target for immediate follow-up. Belt-scale footprint: A very strong ~17 km long coincident geochemical + geophysical anomaly. Standout copper in first-pass sampling: F
Slide 16: Bonanza-Grade Copper at Surface
Bonanza-Grade Laphroaig Copper at Surface CMC0042: 50.84% Cu & 65.3 g/t Ag1 CMC0047: 51.96% Cu & 52.2 g/t Ag1 Assays exceeding 50% Cu from outcropping mineralisation highlight the exceptional grade and near-surface Jura 16 potential of the Coppermine Project. CMC0101: 13.55% Cu & 24.3 g/t Ag1 621515
Slide 17: Key Takeaways
Key Takeaways High-Grade Copper. Advanced stage targets (Jura). Pipeline of high-priority regional targets. Well funded. Exceptional Drilling to Regional Dual Well Maiden Results Resume Targeting Strategy Funded Recent drilling ~3,000m diamond 17km long Dual-track strategy Recent $3.7 million 17 ret
Slide 18: A Level 2, 22 Mount Street, Perth WA 6000, Australia T W somersetminerals.com.au
A Level 2, 22 Mount Street, Perth WA 6000, Australia T +61 8 6188 8181 W somersetminerals.com.au
Slide 19: Board of Directors
Board of Directors Chris Hansen Mike Edwards Melanie Ross Non-Executive Director Non-Executive Chairman Non-Executive Director & Company Secretary 19 Mr Hansen is a multidisciplinary metals and mining Mr Edwards is a Geologist and Economist with over 25 years' Ms Ross is an accounting and corporate
Slide 20: Geology
Geology Dual-track strategy: advancing resource growth while unlocking high-impact regional targets. Local geology is dominated by the Coppermine River group, which hosts numerous high grade copper lodes occurring as chalcocite, bornite, and native copper, in brecciated fault zones and within White
Slide 21: Target Mineralisation Styles
Target Mineralisation Styles Three principal styles: fault-hosted, sedimentary-hosted and basalt flow top replacement The Coppermine River area has abundant Copper Target: high-grade copper showings at surface, hosted in several mineralisation styles. The Copper Target: Fault Hosted Mineralisation (
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