Lunnon Metals Limited · ASX:LM8
Lunnon Metals — Shareholder Meeting (November 2026)
98 slides from Lunnon Metals's shareholder meeting presentation, Nov 5, 2026
Slide 1: 2026 AGM: Chairman's Address and Managing Director's Presentation
Annual General Meeting ASX ANNOUNCEMENT ASX ANNOUNCEMENT of Shareholders For personal use only 2026 AGM: Chairman’s Address and Managing Director’s Presentation In accordance with ASX Listing Rule 3.13.3, attached are: (a) a copy of the address to be given by the Chairman at Lunnon Metals Limited’s
Slide 2: Chairman's Address
Chairman’s Address Lunnon Metals Limited 2026 Annual General Meeting of Shareholders For personal use only Held at The Park Business Centre 45 Ventnor Avenue, West Perth WA Thursday, 5 November 2026 commencing at 9.00am (Perth time) Ladies and Gentlemen, it now being 9:00am, I call this Annual Gener
Slide 3: Chairman's Address (continued)
Importantly, that cash flow was never intended to be an end in itself. It will provide working capital as the Company considers the potential development of a second stage of open pit mining at Lady Herial, an initial pit at Hustler and funding to search for the next discovery. During the year the B
Slide 4: Annual General Meeting 2026
ASX:LM8 personal use only DISCOVER . DEFINE . DELIVER Annual General Meeting 2026 Edmund Ainscough | Managing Director & CEO
Slide 5: Important Notice & Disclaimer
IMPORTANT NOTICE & DISCLAIMER This Presentation has been approved by the Board and prepared by employees of Lunnon Metals Ltd (“Lunnon”, “LM8” or “the Company”) on its behalf and is a summary only, and contains summary personal use only information about Lunnon and its activities, which is current a
Slide 6: Lunnon Metals Limited - Overview
Lunnon Metals Limited - Overview personal use only Corporate structure (ASX:LM8) Liam Twigger Edmund Ainscough NOVEMBER 2026 Non-Executive Chair Managing Director Board 227.4m $0.305 ~$70m Shares on issue Share price Market cap Ashley McDonald Deborah Lord (04/11/2026) Non-Executive Director Non-Exe
Slide 7: Two of Australia's Great Gold Camps
TWO OF AUSTRALIA’S GREAT GOLD CAMPS …linked by the… BOULDER-LEFROY FAULT ZONE personal use only • Total Past Production – St Ives Gold Camp (Multiple Past and Current Owners)2 ~186Mt @ 3.1 g/t Au (18.2 Moz mined) • Current St Ives Mineral Resources & Mineral Reserves (Gold Fields Ltd)3 Exclusive Mea
Slide 8: At the heart of the Great St Ives Gold Camp
…at the heart of LOCATION, LOCATION... the GREAT ST IVES personal use only GOLD CAMP Generated meaningful cash flow ST IVES >18Moz* GOLD Exploration upside in __________________ world-class district Leases under-explored for gold Track record of discovery Strategic tenure within major shar
Slide 9: The Pride of St Ives - Gold Fields' Invincible Mine
THE PRIDE OF ST IVES ~ GOLD FIELDS’ INVINCIBLE MINE personal use only • Invincible is located on 4.5km!! Gold Fields Ltd’s tenure at St Ives Source: www.goldfields.com/pdf/2025-diggers-and- dealers.pdf * Images sourced from Gold Fields Ltd’s website www.goldfields.com and are of the Invincible opera
Slide 10: Our Achievements in FY2026
OUR ACHIEVEMENTS IN FY2026 personal use only Table sourced from Company’s 2026 Annual Report lodged on ASX on 25 September 2026. 1. Maximum in FY2026 pre-mining - see slide 18 for full breakdown of current gold Mineral Resource Estimate 7
Slide 11: Lady Herial
LADY HERIAL Measure Result vs. Feasibility personal use only Time < 6 months faster DELIVERED 100.7% of Gold sold 14,910 Ore Reserve Operating cost $31.6m 5.0% higher Unit operating $104/t 7% lower $/ore tonne Free cash flow 70% FCF $39m …only 3.5% lower LM8 (pre-tax) (pre-tax, unaudited) AIC/oz $2,
Slide 12: Exploration Target and FY2027 Budget
Exploration Target ~ approx. 25-30Mt @ 1.5-2.5 g/t Au for 1.2-2.4Moz FY2027: $13M BUDGET personal use only Short-term goals Aiming to complete over 43km of drilling in FY’27 Long-term growth Make a Significant Discovery is the Goal Risk/Reward Under-explored belt, was historically a nickel belt, thi
Slide 13: Under-explored in the 3rd Dimension
personal use only UNDER- EXPLORED IN THE 3RD DIMENSION 10
Slide 14: Foster-Baker: Gold Catalysts
FOSTER-BAKER at the HEART OF THE St IVES GOLD CAMP personal use only GOLD CATALYSTS • Aiming to make one or more significant gold discoveries • $13 million, 43km drill program on-foot • Under-explored, previous historical nickel belt • At heart of significant & prolific Australian gold camp and oper
Slide 15: Nickel is Back
…is BACK NICKEL (in the news)!!! personal use only Kambalda after……. “Nickel” Concentrator • Kambalda Nickel 2½ LONG YEARS… Concentrator has been on full care & maintenance since mid 2024 • BHP announced 1 that Gold Lunnon Metals will now Fields is acquiring the revisit/redo Scoping Study plant/site
Slide 16: Strategic Location
STRATEGIC LOCATION FBA HOSTS >95,000T* NICKEL METAL @ 3.0% personal use only LM8 lease package * See slide 19 for a breakdown of the nickel MRE. Drill traces coloured by gold as per legend. 13
Slide 17: Foster-Baker: Nickel Catalysts
FOSTER-BAKER: at the heart of the 1.6MT* KAMBALDA NICKEL DISTRICT personal use only Processing solution? Quality Sprint capacity Nearby Concentrator will be ASX listed company with Baker U/G mine has regulatory owned1 by Lunnon’s major Australian based nickel approval shareholder sulphide assets …pe
Slide 18: Why Lunnon Metals?
WHY LUNNON METALS? Ni Strong Balance Sheet personal use only Self-funded, nimble and ready to respond on GOLD or NICKEL Option on GOLD Leveraging cash generated to aggressively explore, offers an option on a significant discovery, in an under-explored belt within one of Australia’s best endowed gold
Slide 19: Thank You
L M 8 personal use only THANK YOU… • My team, Aaron, Nicole, Max & Helen, along with all Lunnon Metals staff – both at the Foster-Baker project and in the West Perth office • Alex & Jake Jones & the Hampton Mining & Civil crew who mined Lady Herial • Pat Hogan, Paul Gent & the staff at Goldfields Te
Slide 20: Competent Persons Statements
COMPETENT PERSONS STATEMENTS personal use only The Lunnon Metals MRE is reported in accordance with the Joint Ore Reserves Committee of the Australian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia (JORC): 2012 Edition of the Australasian
Slide 21: Gold Mineral Resources / Ore Reserves Reporting
GOLD MINERAL RESOURCES / ORE RESERVES REPORTING This presentation contains references to Lunnon Metals’ gold Mineral Resources, which are shown in a detailed breakdown below. personal use only Gold Mineral Resources*^ at 8 August 2026 (>0.5 g/t Au cut-off) * totals may not add up exa ctly d ue to ro
Slide 22: 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. Baker Mineral Resource, by category and for all assayed elements, above a 1.0% Ni cut-off. personal use only Total Mineral Resources * a
Slide 23: Annual General Meeting 2026
ASX:LM8 personal use only DISCOVER . DEFINE . DELIVER Annual General Meeting 2026 Edmund Ainscough | Managing Director & CEO
Slide 24: Important Notice & Disclaimer
IMPORTANT NOTICE & DISCLAIMER This Presentation has been approved by the Board and prepared by employees of Lunnon Metals Ltd (“Lunnon”, “LM8” or “the Company”) on its behalf and is a summary only, and contains summary personal use only information about Lunnon and its activities, which is current a
Slide 25: Lunnon Metals Limited - Overview
Lunnon Metals Limited - Overview personal use only Corporate structure (ASX:LM8) Liam Twigger Edmund Ainscough NOVEMBER 2026 Non-Executive Chair Managing Director Board 227.4m $0.305 ~$70m Shares on issue Share price Market cap Ashley McDonald Deborah Lord (04/11/2026) Non-Executive Director Non-Exe
Slide 26: Two of Australia's Great Gold Camps
TWO OF AUSTRALIA’S GREAT GOLD CAMPS …linked by the… BOULDER-LEFROY FAULT ZONE personal use only • Total Past Production – St Ives Gold Camp (Multiple Past and Current Owners)2 ~186Mt @ 3.1 g/t Au (18.2 Moz mined) • Current St Ives Mineral Resources & Mineral Reserves (Gold Fields Ltd)3 Exclusive Mea
Slide 27: At the heart of the Great St Ives Gold Camp
…at the heart of LOCATION, LOCATION... the GREAT ST IVES personal use only GOLD CAMP Generated meaningful cash flow ST IVES >18Moz* GOLD Exploration upside in __________________ world-class district Leases under-explored for gold Track record of discovery Strategic tenure within major shar
Slide 28: The Pride of St Ives - Gold Fields' Invincible Mine
THE PRIDE OF ST IVES ~ GOLD FIELDS’ INVINCIBLE MINE personal use only • Invincible is located on 4.5km!! Gold Fields Ltd’s tenure at St Ives Source: www.goldfields.com/pdf/2025-diggers-and- dealers.pdf * Images sourced from Gold Fields Ltd’s website www.goldfields.com and are of the Invincible opera
Slide 29: Our Achievements in FY2026
OUR ACHIEVEMENTS IN FY2026 personal use only Table sourced from Company’s 2026 Annual Report lodged on ASX on 25 September 2026. 1. Maximum in FY2026 pre-mining - see slide 18 for full breakdown of current gold Mineral Resource Estimate 7
Slide 30: Lady Herial
LADY HERIAL Measure Result vs. Feasibility personal use only Time < 6 months faster DELIVERED 100.7% of Gold sold 14,910 Ore Reserve Operating cost $31.6m 5.0% higher Unit operating $104/t 7% lower $/ore tonne Free cash flow 70% FCF $39m …only 3.5% lower LM8 (pre-tax) (pre-tax, unaudited) AIC/oz $2,
Slide 31: Exploration Target and FY2027 Budget
Exploration Target ~ approx. 25-30Mt @ 1.5-2.5 g/t Au for 1.2-2.4Moz FY2027: $13M BUDGET personal use only Short-term goals Aiming to complete over 43km of drilling in FY’27 Long-term growth Make a Significant Discovery is the Goal Risk/Reward Under-explored belt, was historically a nickel belt, thi
Slide 32: Under-explored in the 3rd Dimension
personal use only UNDER- EXPLORED IN THE 3RD DIMENSION 10
Slide 33: Foster-Baker: Gold Catalysts
FOSTER-BAKER at the HEART OF THE St IVES GOLD CAMP personal use only GOLD CATALYSTS • Aiming to make one or more significant gold discoveries • $13 million, 43km drill program on-foot • Under-explored, previous historical nickel belt • At heart of significant & prolific Australian gold camp and oper
Slide 34: Nickel is Back
…is BACK NICKEL (in the news)!!! personal use only Kambalda after……. “Nickel” Concentrator • Kambalda Nickel 2½ LONG YEARS… Concentrator has been on full care & maintenance since mid 2024 • BHP announced 1 that Gold Lunnon Metals will now Fields is acquiring the revisit/redo Scoping Study plant/site
Slide 35: Strategic Location
STRATEGIC LOCATION FBA HOSTS >95,000T* NICKEL METAL @ 3.0% personal use only LM8 lease package * See slide 19 for a breakdown of the nickel MRE. Drill traces coloured by gold as per legend. 13
Slide 36: Foster-Baker: Nickel Catalysts
FOSTER-BAKER: at the heart of the 1.6MT* KAMBALDA NICKEL DISTRICT personal use only Processing solution? Quality Sprint capacity Nearby Concentrator will be ASX listed company with Baker U/G mine has regulatory owned1 by Lunnon’s major Australian based nickel approval shareholder sulphide assets …pe
Slide 37: Why Lunnon Metals?
WHY LUNNON METALS? Ni Strong Balance Sheet personal use only Self-funded, nimble and ready to respond on GOLD or NICKEL Option on GOLD Leveraging cash generated to aggressively explore, offers an option on a significant discovery, in an under-explored belt within one of Australia’s best endowed gold
Slide 38: Thank You
L M 8 personal use only THANK YOU… • My team, Aaron, Nicole, Max & Helen, along with all Lunnon Metals staff – both at the Foster-Baker project and in the West Perth office • Alex & Jake Jones & the Hampton Mining & Civil crew who mined Lady Herial • Pat Hogan, Paul Gent & the staff at Goldfields Te
Slide 39: Competent Persons Statements
COMPETENT PERSONS STATEMENTS personal use only The Lunnon Metals MRE is reported in accordance with the Joint Ore Reserves Committee of the Australian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia (JORC): 2012 Edition of the Australasian
Slide 40: Gold Mineral Resources / Ore Reserves Reporting
GOLD MINERAL RESOURCES / ORE RESERVES REPORTING This presentation contains references to Lunnon Metals’ gold Mineral Resources, which are shown in a detailed breakdown below. personal use only Gold Mineral Resources*^ at 8 August 2026 (>0.5 g/t Au cut-off) * totals may not add up exa ctly d ue to ro
Slide 41: 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. Baker Mineral Resource, by category and for all assayed elements, above a 1.0% Ni cut-off. personal use only Total Mineral Resources * a
Slide 42: Annual General Meeting 2026
ASX:LM8 personal use only DISCOVER . DEFINE . DELIVER Annual General Meeting 2026 Edmund Ainscough | Managing Director & CEO
Slide 43: Important Notice & Disclaimer
IMPORTANT NOTICE & DISCLAIMER This Presentation has been approved by the Board and prepared by employees of Lunnon Metals Ltd (“Lunnon”, “LM8” or “the Company”) on its behalf and is a summary only, and contains summary personal use only information about Lunnon and its activities, which is current a
Slide 44: Lunnon Metals Limited - Overview
Lunnon Metals Limited - Overview personal use only Corporate structure (ASX:LM8) Liam Twigger Edmund Ainscough NOVEMBER 2026 Non-Executive Chair Managing Director Board 227.4m $0.305 ~$70m Shares on issue Share price Market cap Ashley McDonald Deborah Lord (04/11/2026) Non-Executive Director Non-Exe
Slide 45: Two of Australia's Great Gold Camps
TWO OF AUSTRALIA’S GREAT GOLD CAMPS …linked by the… BOULDER-LEFROY FAULT ZONE personal use only • Total Past Production – St Ives Gold Camp (Multiple Past and Current Owners)2 ~186Mt @ 3.1 g/t Au (18.2 Moz mined) • Current St Ives Mineral Resources & Mineral Reserves (Gold Fields Ltd)3 Exclusive Mea
Slide 46: At the heart of the Great St Ives Gold Camp
…at the heart of LOCATION, LOCATION... the GREAT ST IVES personal use only GOLD CAMP Generated meaningful cash flow ST IVES >18Moz* GOLD Exploration upside in __________________ world-class district Leases under-explored for gold Track record of discovery Strategic tenure within major shar
Slide 47: The Pride of St Ives - Gold Fields' Invincible Mine
THE PRIDE OF ST IVES ~ GOLD FIELDS’ INVINCIBLE MINE personal use only • Invincible is located on 4.5km!! Gold Fields Ltd’s tenure at St Ives Source: www.goldfields.com/pdf/2025-diggers-and- dealers.pdf * Images sourced from Gold Fields Ltd’s website www.goldfields.com and are of the Invincible opera
Slide 48: Our Achievements in FY2026
OUR ACHIEVEMENTS IN FY2026 personal use only Table sourced from Company’s 2026 Annual Report lodged on ASX on 25 September 2026. 1. Maximum in FY2026 pre-mining - see slide 18 for full breakdown of current gold Mineral Resource Estimate 7
Slide 49: Lady Herial
LADY HERIAL Measure Result vs. Feasibility personal use only Time < 6 months faster DELIVERED 100.7% of Gold sold 14,910 Ore Reserve Operating cost $31.6m 5.0% higher Unit operating $104/t 7% lower $/ore tonne Free cash flow 70% FCF $39m …only 3.5% lower LM8 (pre-tax) (pre-tax, unaudited) AIC/oz $2,
Slide 50: Exploration Target and FY2027 Budget
Exploration Target ~ approx. 25-30Mt @ 1.5-2.5 g/t Au for 1.2-2.4Moz FY2027: $13M BUDGET personal use only Short-term goals Aiming to complete over 43km of drilling in FY’27 Long-term growth Make a Significant Discovery is the Goal Risk/Reward Under-explored belt, was historically a nickel belt, thi
Slide 51: Under-explored in the 3rd Dimension
personal use only UNDER- EXPLORED IN THE 3RD DIMENSION 10
Slide 52: Foster-Baker: Gold Catalysts
FOSTER-BAKER at the HEART OF THE St IVES GOLD CAMP personal use only GOLD CATALYSTS • Aiming to make one or more significant gold discoveries • $13 million, 43km drill program on-foot • Under-explored, previous historical nickel belt • At heart of significant & prolific Australian gold camp and oper
Slide 53: Nickel is Back
…is BACK NICKEL (in the news)!!! personal use only Kambalda after……. “Nickel” Concentrator • Kambalda Nickel 2½ LONG YEARS… Concentrator has been on full care & maintenance since mid 2024 • BHP announced 1 that Gold Lunnon Metals will now Fields is acquiring the revisit/redo Scoping Study plant/site
Slide 54: Strategic Location
STRATEGIC LOCATION FBA HOSTS >95,000T* NICKEL METAL @ 3.0% personal use only LM8 lease package * See slide 19 for a breakdown of the nickel MRE. Drill traces coloured by gold as per legend. 13
Slide 55: Foster-Baker: Nickel Catalysts
FOSTER-BAKER: at the heart of the 1.6MT* KAMBALDA NICKEL DISTRICT personal use only Processing solution? Quality Sprint capacity Nearby Concentrator will be ASX listed company with Baker U/G mine has regulatory owned1 by Lunnon’s major Australian based nickel approval shareholder sulphide assets …pe
Slide 56: Why Lunnon Metals?
WHY LUNNON METALS? Ni Strong Balance Sheet personal use only Self-funded, nimble and ready to respond on GOLD or NICKEL Option on GOLD Leveraging cash generated to aggressively explore, offers an option on a significant discovery, in an under-explored belt within one of Australia’s best endowed gold
Slide 57: Thank You
L M 8 personal use only THANK YOU… • My team, Aaron, Nicole, Max & Helen, along with all Lunnon Metals staff – both at the Foster-Baker project and in the West Perth office • Alex & Jake Jones & the Hampton Mining & Civil crew who mined Lady Herial • Pat Hogan, Paul Gent & the staff at Goldfields Te
Slide 58: Competent Persons Statements
COMPETENT PERSONS STATEMENTS personal use only The Lunnon Metals MRE is reported in accordance with the Joint Ore Reserves Committee of the Australian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia (JORC): 2012 Edition of the Australasian
Slide 59: Gold Mineral Resources / Ore Reserves Reporting
GOLD MINERAL RESOURCES / ORE RESERVES REPORTING This presentation contains references to Lunnon Metals’ gold Mineral Resources, which are shown in a detailed breakdown below. personal use only Gold Mineral Resources*^ at 8 August 2026 (>0.5 g/t Au cut-off) * totals may not add up exa ctly d ue to ro
Slide 60: 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. Baker Mineral Resource, by category and for all assayed elements, above a 1.0% Ni cut-off. personal use only Total Mineral Resources * a
Slide 61: Annual General Meeting 2026
ASX:LM8 personal use only DISCOVER . DEFINE . DELIVER Annual General Meeting 2026 Edmund Ainscough | Managing Director & CEO
Slide 62: Important Notice & Disclaimer
IMPORTANT NOTICE & DISCLAIMER This Presentation has been approved by the Board and prepared by employees of Lunnon Metals Ltd (“Lunnon”, “LM8” or “the Company”) on its behalf and is a summary only, and contains summary personal use only information about Lunnon and its activities, which is current a
Slide 63: Lunnon Metals Limited - Overview
Lunnon Metals Limited - Overview personal use only Corporate structure (ASX:LM8) Liam Twigger Edmund Ainscough NOVEMBER 2026 Non-Executive Chair Managing Director Board 227.4m $0.305 ~$70m Shares on issue Share price Market cap Ashley McDonald Deborah Lord (04/11/2026) Non-Executive Director Non-Exe
Slide 64: Two of Australia's Great Gold Camps
TWO OF AUSTRALIA’S GREAT GOLD CAMPS …linked by the… BOULDER-LEFROY FAULT ZONE personal use only • Total Past Production – St Ives Gold Camp (Multiple Past and Current Owners)2 ~186Mt @ 3.1 g/t Au (18.2 Moz mined) • Current St Ives Mineral Resources & Mineral Reserves (Gold Fields Ltd)3 Exclusive Mea
Slide 65: At the heart of the Great St Ives Gold Camp
…at the heart of LOCATION, LOCATION... the GREAT ST IVES personal use only GOLD CAMP Generated meaningful cash flow ST IVES >18Moz* GOLD Exploration upside in __________________ world-class district Leases under-explored for gold Track record of discovery Strategic tenure within major shar
Slide 66: The Pride of St Ives - Gold Fields' Invincible Mine
THE PRIDE OF ST IVES ~ GOLD FIELDS’ INVINCIBLE MINE personal use only • Invincible is located on 4.5km!! Gold Fields Ltd’s tenure at St Ives Source: www.goldfields.com/pdf/2025-diggers-and- dealers.pdf * Images sourced from Gold Fields Ltd’s website www.goldfields.com and are of the Invincible opera
Slide 67: Our Achievements in FY2026
OUR ACHIEVEMENTS IN FY2026 personal use only Table sourced from Company’s 2026 Annual Report lodged on ASX on 25 September 2026. 1. Maximum in FY2026 pre-mining - see slide 18 for full breakdown of current gold Mineral Resource Estimate 7
Slide 68: Lady Herial
LADY HERIAL Measure Result vs. Feasibility personal use only Time < 6 months faster DELIVERED 100.7% of Gold sold 14,910 Ore Reserve Operating cost $31.6m 5.0% higher Unit operating $104/t 7% lower $/ore tonne Free cash flow 70% FCF $39m …only 3.5% lower LM8 (pre-tax) (pre-tax, unaudited) AIC/oz $2,
Slide 69: Exploration Target and FY2027 Budget
Exploration Target ~ approx. 25-30Mt @ 1.5-2.5 g/t Au for 1.2-2.4Moz FY2027: $13M BUDGET personal use only Short-term goals Aiming to complete over 43km of drilling in FY’27 Long-term growth Make a Significant Discovery is the Goal Risk/Reward Under-explored belt, was historically a nickel belt, thi
Slide 70: Under-explored in the 3rd Dimension
personal use only UNDER- EXPLORED IN THE 3RD DIMENSION 10
Slide 71: Foster-Baker: Gold Catalysts
FOSTER-BAKER at the HEART OF THE St IVES GOLD CAMP personal use only GOLD CATALYSTS • Aiming to make one or more significant gold discoveries • $13 million, 43km drill program on-foot • Under-explored, previous historical nickel belt • At heart of significant & prolific Australian gold camp and oper
Slide 72: Nickel is Back
…is BACK NICKEL (in the news)!!! personal use only Kambalda after……. “Nickel” Concentrator • Kambalda Nickel 2½ LONG YEARS… Concentrator has been on full care & maintenance since mid 2024 • BHP announced 1 that Gold Lunnon Metals will now Fields is acquiring the revisit/redo Scoping Study plant/site
Slide 73: Strategic Location
STRATEGIC LOCATION FBA HOSTS >95,000T* NICKEL METAL @ 3.0% personal use only LM8 lease package * See slide 19 for a breakdown of the nickel MRE. Drill traces coloured by gold as per legend. 13
Slide 74: Foster-Baker: Nickel Catalysts
FOSTER-BAKER: at the heart of the 1.6MT* KAMBALDA NICKEL DISTRICT personal use only Processing solution? Quality Sprint capacity Nearby Concentrator will be ASX listed company with Baker U/G mine has regulatory owned1 by Lunnon’s major Australian based nickel approval shareholder sulphide assets …pe
Slide 75: Why Lunnon Metals?
WHY LUNNON METALS? Ni Strong Balance Sheet personal use only Self-funded, nimble and ready to respond on GOLD or NICKEL Option on GOLD Leveraging cash generated to aggressively explore, offers an option on a significant discovery, in an under-explored belt within one of Australia’s best endowed gold
Slide 76: Thank You
L M 8 personal use only THANK YOU… • My team, Aaron, Nicole, Max & Helen, along with all Lunnon Metals staff – both at the Foster-Baker project and in the West Perth office • Alex & Jake Jones & the Hampton Mining & Civil crew who mined Lady Herial • Pat Hogan, Paul Gent & the staff at Goldfields Te
Slide 77: Competent Persons Statements
COMPETENT PERSONS STATEMENTS personal use only The Lunnon Metals MRE is reported in accordance with the Joint Ore Reserves Committee of the Australian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia (JORC): 2012 Edition of the Australasian
Slide 78: Gold Mineral Resources / Ore Reserves Reporting
GOLD MINERAL RESOURCES / ORE RESERVES REPORTING This presentation contains references to Lunnon Metals’ gold Mineral Resources, which are shown in a detailed breakdown below. personal use only Gold Mineral Resources*^ at 8 August 2026 (>0.5 g/t Au cut-off) * totals may not add up exa ctly d ue to ro
Slide 79: 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. Baker Mineral Resource, by category and for all assayed elements, above a 1.0% Ni cut-off. personal use only Total Mineral Resources * a
Slide 80: Annual General Meeting 2026
ASX:LM8 personal use only DISCOVER . DEFINE . DELIVER Annual General Meeting 2026 Edmund Ainscough | Managing Director & CEO
Slide 81: Important Notice & Disclaimer
IMPORTANT NOTICE & DISCLAIMER This Presentation has been approved by the Board and prepared by employees of Lunnon Metals Ltd (“Lunnon”, “LM8” or “the Company”) on its behalf and is a summary only, and contains summary personal use only information about Lunnon and its activities, which is current a
Slide 82: Lunnon Metals Limited - Overview
Lunnon Metals Limited - Overview personal use only Corporate structure (ASX:LM8) Liam Twigger Edmund Ainscough NOVEMBER 2026 Non-Executive Chair Managing Director Board 227.4m $0.305 ~$70m Shares on issue Share price Market cap Ashley McDonald Deborah Lord (04/11/2026) Non-Executive Director Non-Exe
Slide 83: Two of Australia's Great Gold Camps
TWO OF AUSTRALIA’S GREAT GOLD CAMPS …linked by the… BOULDER-LEFROY FAULT ZONE personal use only • Total Past Production – St Ives Gold Camp (Multiple Past and Current Owners)2 ~186Mt @ 3.1 g/t Au (18.2 Moz mined) • Current St Ives Mineral Resources & Mineral Reserves (Gold Fields Ltd)3 Exclusive Mea
Slide 84: At the heart of the Great St Ives Gold Camp
…at the heart of LOCATION, LOCATION... the GREAT ST IVES personal use only GOLD CAMP Generated meaningful cash flow ST IVES >18Moz* GOLD Exploration upside in __________________ world-class district Leases under-explored for gold Track record of discovery Strategic tenure within major shar
Slide 85: The Pride of St Ives - Gold Fields' Invincible Mine
THE PRIDE OF ST IVES ~ GOLD FIELDS’ INVINCIBLE MINE personal use only • Invincible is located on 4.5km!! Gold Fields Ltd’s tenure at St Ives Source: www.goldfields.com/pdf/2025-diggers-and- dealers.pdf * Images sourced from Gold Fields Ltd’s website www.goldfields.com and are of the Invincible opera
Slide 86: Our Achievements in FY2026
OUR ACHIEVEMENTS IN FY2026 personal use only Table sourced from Company’s 2026 Annual Report lodged on ASX on 25 September 2026. 1. Maximum in FY2026 pre-mining - see slide 18 for full breakdown of current gold Mineral Resource Estimate 7
Slide 87: Lady Herial
LADY HERIAL Measure Result vs. Feasibility personal use only Time < 6 months faster DELIVERED 100.7% of Gold sold 14,910 Ore Reserve Operating cost $31.6m 5.0% higher Unit operating $104/t 7% lower $/ore tonne Free cash flow 70% FCF $39m …only 3.5% lower LM8 (pre-tax) (pre-tax, unaudited) AIC/oz $2,
Slide 88: Exploration Target and FY2027 Budget
Exploration Target ~ approx. 25-30Mt @ 1.5-2.5 g/t Au for 1.2-2.4Moz FY2027: $13M BUDGET personal use only Short-term goals Aiming to complete over 43km of drilling in FY’27 Long-term growth Make a Significant Discovery is the Goal Risk/Reward Under-explored belt, was historically a nickel belt, thi
Slide 89: Under-explored in the 3rd Dimension
personal use only UNDER- EXPLORED IN THE 3RD DIMENSION 10
Slide 90: Foster-Baker: Gold Catalysts
FOSTER-BAKER at the HEART OF THE St IVES GOLD CAMP personal use only GOLD CATALYSTS • Aiming to make one or more significant gold discoveries • $13 million, 43km drill program on-foot • Under-explored, previous historical nickel belt • At heart of significant & prolific Australian gold camp and oper
Slide 91: Nickel is Back
…is BACK NICKEL (in the news)!!! personal use only Kambalda after……. “Nickel” Concentrator • Kambalda Nickel 2½ LONG YEARS… Concentrator has been on full care & maintenance since mid 2024 • BHP announced 1 that Gold Lunnon Metals will now Fields is acquiring the revisit/redo Scoping Study plant/site
Slide 92: Strategic Location
STRATEGIC LOCATION FBA HOSTS >95,000T* NICKEL METAL @ 3.0% personal use only LM8 lease package * See slide 19 for a breakdown of the nickel MRE. Drill traces coloured by gold as per legend. 13
Slide 93: Foster-Baker: Nickel Catalysts
FOSTER-BAKER: at the heart of the 1.6MT* KAMBALDA NICKEL DISTRICT personal use only Processing solution? Quality Sprint capacity Nearby Concentrator will be ASX listed company with Baker U/G mine has regulatory owned1 by Lunnon’s major Australian based nickel approval shareholder sulphide assets …pe
Slide 94: Why Lunnon Metals?
WHY LUNNON METALS? Ni Strong Balance Sheet personal use only Self-funded, nimble and ready to respond on GOLD or NICKEL Option on GOLD Leveraging cash generated to aggressively explore, offers an option on a significant discovery, in an under-explored belt within one of Australia’s best endowed gold
Slide 95: Thank You
L M 8 personal use only THANK YOU… • My team, Aaron, Nicole, Max & Helen, along with all Lunnon Metals staff – both at the Foster-Baker project and in the West Perth office • Alex & Jake Jones & the Hampton Mining & Civil crew who mined Lady Herial • Pat Hogan, Paul Gent & the staff at Goldfields Te
Slide 96: Competent Persons Statements
COMPETENT PERSONS STATEMENTS personal use only The Lunnon Metals MRE is reported in accordance with the Joint Ore Reserves Committee of the Australian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia (JORC): 2012 Edition of the Australasian
Slide 97: Gold Mineral Resources / Ore Reserves Reporting
GOLD MINERAL RESOURCES / ORE RESERVES REPORTING This presentation contains references to Lunnon Metals’ gold Mineral Resources, which are shown in a detailed breakdown below. personal use only Gold Mineral Resources*^ at 8 August 2026 (>0.5 g/t Au cut-off) * totals may not add up exa ctly d ue to ro
Slide 98: 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. Baker Mineral Resource, by category and for all assayed elements, above a 1.0% Ni cut-off. personal use only Total Mineral Resources * a