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ASX: LM8 DISCOVER DEFINE DELIVER
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IMPORTANT NOTICE & DISCLAIMER This Presentation has been approved by the Board and prepared by employees of Lunnon Metals Ltd (“Lunnon”, “LM 8 ” 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 otherwise indicated), and the information in this Presentation remains subject to change without notice . The information in this Presentation is general in nature and does not purport to be accurate nor complete, nor does it contain all of the information that an investor may require in evaluating a possible investment in Lunnon, nor does it contain all the information which would be required in a disclosure document or prospectus prepared in accordance with the requirements of the Corporations Act . It has been prepared by Lunnon with due care but no representation or warranty, express or implied, is provided in relation to the accuracy, reliability, fairness or completeness of the information, opinions or conclusions in this Presentation by Lunnon or any other party . Reliance should not be placed on information or opinions contained in this Presentation . Certain data used in this Presentation may have been obtained from research, surveys or studies conducted by third parties, including industry or general publications . This Presentation may contain certain "forward - looking statements" and comments about future matters . Forward - looking statements can generally, but not always, be identified by the use of forward - looking words such as, "expect", "anticipate", "likely", "intend", "should", "could", "may", "predict", "plan", "propose", "will", "believe", "forecast", "estimate", "target" "outlook", "guidance" and other similar expressions . Indications of, and guidance or outlook on, future expected Exploration Results or technical outcomes, production, earnings or financial position or performance are also forward - looking statements . You are cautioned not to place undue reliance on forward - looking statements . Any forward - looking statements in this Presentation are based on current interpretations, expectations, estimates, assumptions, forecasts and projections about the Company, its projects and assets and the market and industry in which it operates, as well as other factors that the Company’s management believes to be relevant and reasonable in the circumstances at the date that such statements are made . The forward - looking statements contained in this Presentation are not indications, guarantees or predictions of future performance or results and involve known and unknown risks and uncertainties and other factors, many of which are beyond the control of Lunnon, and may involve significant elements of subjective judgement and assumptions as to future events which may or may not be correct . These factors may include, but are not limited to, changes in commodity prices, foreign exchange fluctuations and general economic factors, increased capital costs and operating costs, the speculative nature of exploration and project development (including the risks of obtaining necessary licenses and permits, diminishing quantities or grades of reserves and the ability to exploit successful discoveries), general mining and development operation risks, closure and rehabilitation risks, changes to the regulatory framework within which Lunnon operates or may in the future operate, environmental conditions including extreme weather conditions, geological and geotechnical events, and environmental issues, and the recruitment and retention of key personnel, industrial relations issues and litigation . Any such forward looking statements are also based on assumptions and contingencies which are subject to change, and which may ultimately prove to be materially incorrect, as are statements about market and industry trends, which are based on interpretations of current market conditions . All forward - looking statements made in this Presentation are qualified by the foregoing cautionary statements . References in this announcement may have been made to certain previous ASX announcements, which in turn may have included Exploration Results, Exploration Targets, Mineral Resources, Ore Reserves and the results of Scoping, Pre - Feasibility or Feasibility Studies . For full details, please refer to the said announcement on the said date . The Company is not aware of any new information or data that materially affects this information . Other than as specified in this announcement and mentioned announcements, the Company confirms it is not aware of any new information or data that materially affects the information included in the original market announcement(s), and in the case of estimates of Mineral Resources and Ore Reserves (if any) that all material assumptions and technical parameters underpinning the estimates in the relevant announcements continue to apply and have not materially changed . The Company confirms that the Competent Person’s findings in relation to the estimates of Mineral Resources and Ore Reserves (if any) have not been materially modified from the original announcements reporting and restating those estimates . This presentation has been prepared by the Company based on information currently available to it . No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this Presentation . To the maximum extent permitted by law, none of the Company or its subsidiaries or affiliates or the directors, employees, agents, representatives or advisers of any such party, nor any other person accepts any liability for any loss arising from the use of this Presentation or its contents or otherwise arising in connection with it, including without limitation, any liability arising from fault or negligence on the part of any such party . To the maximum extent permitted by law, Lunnon and its directors, officers, employees, advisers and agents disclaim any obligation or undertaking to release any updates or revisions to information contained in this Presentation (including, but not limited to, any assumptions or expectations set out in the release) . It should be read in conjunction with Lunnon’s other periodic and continuous disclosure announcements lodged with the ASX from time to time, which are available at www 2 . asx . com . au or at https : //lunnonmetals . com . au/asx - announcements/ . The Competent Persons Statements at the end of this Presentation contain important details and should be read in conjunction with this disclaimer . MRE means Mineral Resource Estimation | WMC means WMC Resources Ltd, now a wholly owned subsidiary of BHP Group Limited | A u is gold, Ni is nickel |SIGMC means the Company’s major shareholder St Ives Gold Mining Co. Pty Ltd (Gold Fields) | Scoping Study means the Lady Herial Scoping S tud y Report as announced to the ASX on 16 June 2025 or the Nickel Scoping Study as announced to the ASX on 21 July 2025, as relevant | Feasibility Study means the Lady He rial Feasibility Study as announced to the ASX on 16 January 2026 | FCF means free cash flow | FID means Final Investment Decision | OPA means the Ore Purchase Agreemen t a s announced on 19 Sept 2025 2