PEX Diggers & Dealers Mining… Presentation

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BUILDING A RESOURCES COMPANY C O P P E R F O C U S E D D I G G E R S & D E A L E R S P R E S E N T A T I O N A U G U S T 2 0 2 5 A S X : P E X For personal use only

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PEEL MINING LIMITED I ASX: PEX I WWW.PEELMINING.COM.AU IMPORTANT NOTICE DISCLAMER These presentation materials and the accompanying verbal presentation (together, the Presentation Materials) have been prepar ed by Peel Mining Limited (Peel) as at 1st August 2025 and statements are current only as at that date. Information in the Presentation Materials remains subject to change without notice. Peel has no responsibility or obligation to inform you of any matter arising or com ing to its notice, after the date of this document, which may affect any matter referred to in this document. By receiving the Pr esentation Materials, you acknowledge and represent to Peel that you have read, understood and accepted the terms of this disclaimer. It is the re sponsibility of all recipients of these Presentation Materials to obtain all necessary approvals to receive these Presentation M aterials and receipt of the Presentation Materials will be taken by Peel to constitute a representation and warranty that all relevant approvals have been obtained. Not an offer These Presentation Materials are for information purposes only. The Presentation Materials do not comprise a prospectus, pro duct disclosure statement or other offering document under Australian law (and will not be lodged with the Australian Securities and Investments Commission) or any other law. The Presentation Materials also do not constitute or form part of any invitation, offer for sa le or subscription or any solicitation for any offer to buy or subscribe for any securities nor shall they or any part of them f orm the basis of or be relied upon in connection therewith or act as any inducement to enter into any contract or commitment with respect to securities. In particular, these Presentation Materials do not constitute an offer to sell or a solicitation to buy, securities in the United States of Americ a. Summary Information The Presentation Materials do not purport to be all inclusive or to contain all information about Peel or any of the assets, current or future, of Peel. The Presentation Materials contain summary information about Peel and its activities which is curren t as at the date of the Presentation Materials. The information in the Presentation Materials is of a general nature and does not purport to contain all the information which a prospective investor may require in evaluating a possible investment in Peel or that would be require d in a prospectus or product disclosure statement or other offering document prepared in accordance with the requirements of Australian law or the laws of any other jurisdiction, including the United States of America. While reasonable care has been taken in relation to the preparation of the Presentation Materials, none of Peel or its direct ors, officers, employees, contractors, agents, or advisers nor any other person (Limited Party) guarantees or makes any represen tations or warranties, express or implied, as to or takes responsibility for, the accuracy, reliability, completeness or fairness of the information , opinions, forecasts, reports, estimates and conclusions contained in this document. No Limited Party represents or warrants th at this document is complete or that it contains all information about Peel that a prospective investor or purchaser may require in evaluating a possible investment in Peel or acquisition of shares in Peel. To the maximum extent permitted by law, each Limited Party express ly disclaims any and all liability, including, without limitation, any liability arising out of fault or negligence, for any loss arising from the use of or reliance on information contained in this document including representations or warranties or in relation to the accu racy or completeness of the information, statements, opinions, forecasts, reports or other matters, express or implied, contained in, arising out of or d erived from, or for omissions from, this document including, without limitation, any financial information, any estimates or pro jections and any other financial information derived therefrom. Confidential information The Presentation Materials are strictly confidential and are intended for the exclusive benefit of the persons to whom they a re given. The Presentation Materials may not be reproduced, disseminated, quoted or referred to, in whole or in part, without th e express written consent of Peel. By receiving this document, you agree to keep the information confidential, not to disclose any of the infor mation contained in this document to any other person and not to copy, use, publish, record or reproduce the information in this document without the prior written consent of Peel, which may be withheld in its absolute discretion. Mineral resources reporting of Peel The Presentation Materials contain estimates of Peel's mineral resources. The information in the Presentation Materials that relates to the mineral resources of Peel has been extracted from Peel's pr evious ASX announcements, including the following: • 17 July 2017 – Mallee Bull Resource grows by 65% to 175,000 CuEq • 26 March 2020 – Substantial resource upgrade for Southern Knights • 16 December 2020 – May Day inferred Mineral Resource estimate • 31 March 2021 – May Day indicated Mineral Resource estimate • 29 November 2021 – High grade Maiden Copper Resource at Wirlong • 9 January 2023 – 20MT Resource Base for South Cobar Project • 15 April 2025 – Significant Resource Upgrade at Wagga Tank Copies of these announcements are available at www.asx.com.au or https://www.peelmining.com.au/site/investor-centre/asx-announcements. Peel confirms that it is not aware of any new information or data that materially affects the information inc luded in those announcements and, in relation to the estimates of Peel's mineral resources, that all material assumptions and technical para meters underpinning the estimates in the announcements continue to apply and have not materially changed. Peel confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from those announcements. Please also see the additional disclosures (about mineral resources reporting, and associated JORC requirements) included in slides at the end of the Presentation Materials titled “JORC Code Information” and “Competent Persons Statement”. 2PEEL MINING LIMITED I ASX: PEX I WWW.PEELMINING.COM.AU For personal use only

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PEEL MINING LIMITED I ASX: PEX I WWW.PEELMINING.COM.AU IMPORTANT NOTICE DISCLAMER Industry data Certain market and industry data used in connection with or referenced in the Presentation Materials may have been obtained f rom public filings, research, surveys or studies made or conducted by third parties, including as published in industry -specific or general publications. Neither Peel nor its advisers, or their respective representatives, have independently verified any such market or industry data. Effect of rounding A number of figures, amounts, percentages, estimates, calculations of value and fractions in the Presentation Materials are subject to th e effect of rounding. Accordingly, the actual calculation of these figures may differ from the figures set out in the Presenta tion Materials. Financial data All dollar values are in Australian dollars ("$" or "A$" or "AUD") unless stated otherwise. Past performance Past performance metrics and figures (including past share price performance of Peel), as well as pro forma financial informa tion, included in the Presentation Materials are given for illustrative purposes only and should not be relied upon as (and is n ot) an indication of Peel's or any other Limited Party’s (as defined below) views on Peel's future financial performance or condition or prospects. Inves tors should note that past performance of Peel, including in relation to the historical trading price of Peel shares, production , mineral resources and ore reserves, costs and other historical financial information cannot be relied upon as an indicator of (and provides no guidance , assurance or guarantee as to) future Peel performance, including the future trading price of shares. The historical informatio n included in the Presentation Materials is, or is based on, information that has previously been released to the market. Future performance and forward looking statements The Presentation Materials contain forward looking statements about Peel. Often, but not always, forward looking statements c an be identified by the use of forward looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate” , “continue”, and “guidance”, or other similar words and may include, without limitation, statements regarding Peel's intent, belief or expecta tions, plans, strategies and objectives of management, future anticipated exploration and project development, production or con struction commencement dates, expected costs or production outputs for Peel (based on, among other things, estimates for the periods sp ecifically referred to in the Presentation Materials), the outcome and effects of the Offer and the future operations of Peel. T o the extent that these materials contain forward looking information, the forward looking information is subject to a number of risk factors, including those generally associated with the mining industry. Any such forward looking statement also inherent ly involves known and unknown risks, uncertainties and other factors that may cause actual results, performance and achievements to be materially greater or less than estimated (refer to the “Key Risks” section of the Presentation Materials). 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, th e speculative nature of exploration and project development (including the risks of obtaining necessary licenses and permits, di minishing quantities or grades of reserves and the ability to exploit successful discoveries), general mining and development operation risks, clo sure and rehabilitation risks, changes to the regulatory framework within which Peel operates or may in the future operate, envi ronmental conditions including extreme weather conditions, geological and geotechnical events, and environmental issues, and the recruitment and r etention 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 base d on interpretations of current market conditions. Investors should consider the forward looking statements contained in the Presentation Materials in light of those disclosures and not place undue reliance on such statements (particularly in light of the current economic climate and significant volatility, uncertainty and disruption caused by the COVID-19 pandemic and war in Ukraine). The forward looking statements in the Presentation Materials are not guarantees or predictions of future performance and may involve significant elements of subjective judgment, assumptions as to future events that may not be correct, known and unknown risks, uncertainties and other factors, many of wh ich are outside the control of Peel. The forward looking statements are based on information available to Peel as at the date of the Presentation Materials. Except as required by law or regulation (including the ASX Listing Rules), Peel undertakes no obligation to provid e any additional or updated information, whether as a result of new information, future events or results or otherwise. Investment risk The Presentation Materials are not investment or financial product advice (nor tax, accounting or legal advice) and are not i ntended to be used for the basis of making an investment decision. Recipients should obtain their own advice before making any i nvestment decision. As noted above, an investment in shares in Peel is subject to investment and other known and unknown risks, some of which are beyond the control of Peel. Peel does not guarantee any particular rate of return or the performance of Peel, nor does it guarantee the repayment of capital from Peel or any particular tax treatment. Prospective investors should have regard to the risks outlined in the Presentation Materials , including the “Key Risks” section, when making their investment decision and should make their own enquires and investigations regarding all information in the Presentation Materials, including but not limited to the assumptions, uncertainties and cont ingencies which may affect future operations of Peel and the impact that different future outcomes may have on Peel. These risks , together with other general risks applicable to all investments in listed securities not specifically referred to, may affect the value of shares in Peel in the future. There is no guarantee that the shares in Peel will make a return on the capital invested, that dividends will be paid on the shares in Peel or that there will be an increase in the value of the shares in Peel in the future. Accordingly, an investment in the Peel sh ould be considered highly speculative and potential investors should consult their professional advisers before deciding whether to acquire shares in Peel. Release approval This announcement has been approved for release to the ASX by the Board of Directors of Peel Mining Limited 3PEEL MINING LIMITED I ASX: PEX I WWW.PEELMINING.COM.AU For personal use only

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PEEL MINING LIMITED I ASX: PEX I WWW.PEELMINING.COM.AU MARKET CAPITALISATION AND ENTERPRISE VALUE Market Details Units @ 6c Ordinary shares on issue m 581.1 Market Capitalisation $m ~34.9 Cash (30 June 2025) $m ~1.4 Enterprise Value $m ~33.5 SUBSTANTIAL SHAREHOLDERS (NOV 2024) Name Shares Held (m) % of Shares on Issue Perth Capital Pty Ltd & Associates 118.6 20.4% Australian Institutions 72.5 12.5% Directors 50.2 8.6% St Barbara Limited 41.5 7.1% Sub Total 282.8 48.7% Other Peel shareholders 298.3 51.3% Total 581.1 20.4% 12 MONTH SHARE GRAPH 4PEEL MINING LIMITED I ASX: PEX I WWW.PEELMINING.COM.AU Mark Okeby – Chairman James Simpson – CEO / Managing Director Rob Tyson – Technical Director Graham Hardie – Non-Executive Director Ryan Woodhouse – Company Secretary DIRECTORS/MANAGEMENT For personal use only

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PEEL MINING LIMITED I ASX: PEX I WWW.PEELMINING.COM.AU QUALITY ASSETS STRATEGIC TENURE IN TIER 1 JURISDICTIONS 5 • South Cobar Project (central western NSW): o MRE totaling 22.9Mt @ 1.03% Cu, 0.37g/t Au, 35g/t Ag, 0.72% Pb,1.45% Zn (2.20% CuEq1 for 500kt CuEq1). o ~2,764km2 of tenure containing 5 major deposits; numerous under/untested prospects (PEX 100%). o Targeting structurally controlled Cu-Au-Ag-Pb-Zn deposits. • Broken Hill Project (far west NSW; PEX 100%; RHI earning 75%): o 860km2 of tenure containing numerous under/untested targets. o Targeting worldclass stratiform Pb-Zn-Ag; IOCG Cu-Au deposits. • Anabama Project (north-east SA; PEX 100%; RHI earning 75%): o 840km2 of tenure containing undertested namesake Anabama Cu-Au deposit. o Targeting structurally controlled Cu-Au; channel U deposits. Photo Courtesy Bahnfrend 1 – See CuEq calculations on slide 23 and Table E on slide 26 For personal use only

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PEEL MINING LIMITED I ASX: PEX I WWW.PEELMINING.COM.AU COBAR: A HIVE OF ACTIVITY 150 YEARS OF MINING HISTORY 6 • High-grade/long-life deposits; ongoing greenfields discovery success. • Major supplier of metals; FY2025 Cobar Basin mine production: o Cu - 63kt; Ag - 975koz; Au - 60koz; Zn - 16kt; Pb - 17kt1. • Established infrastructure: 5 operating mills; 2 mills on C&M. • Significant recent investment/operational activity in region: o MAC acquisition of CSA for US$1.1bn in 2022; Harmony Gold’s >US$1bn (plus debt assumption) bid for MAC in May 20252. o POL’s restart of Endeavor (A$35m equity, US$20m debt) 3. o AMI’s Federation underground mine commenced, Great Cobar and Peak upgrade (>A$250m) 4. o AIS’ forecast 37% increase in copper production from Tritton for FY265. o KSN commencing underground mining at Mineral Hill6. o MKR announcing restart of mining at Wonawinta and Mt Boppy7. o MHM A$5m IPO in late 20248. 1 – See Slide 21 for references. For personal use only

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PEEL MINING LIMITED I ASX: PEX I WWW.PEELMINING.COM.AU Mallee Bull • Discovered 2011 • 7.01Mt @ 1.78% Cu, 29g/t Ag, 0.38g/t Au, 0.52% Pb, 0.51% Zn1 • Contains: 125kt Cu, 6.5Moz Ag, 85koz Au, 36kt Pb, 36kt Zn1 • 20,000ac land acquired 7PEEL MINING LIMITED I ASX: PEX I WWW.PEELMINING.COM.AU PEEL’S DEPOSITS – SOUTH COBAR PROJECT CRITICAL METALS RICH Wirlong • Discovered 2015 • 4.3Mt @ 1.75% Cu, 6g/t Ag1 • Contains: 75kt Cu, 840koz Ag1 • 12,500ac land acquired May Day • Discovered 1898 • 1.61Mt @ 0.98g/t Au, 25g/t Ag, 0.92% Zn, 0.61% Pb1 • Contains: 51koz Au, 1.3Moz Ag, 15kt Zn, 10kt Pb1 • Granted Mining Licence Mallee Bull long section Wirlong long section Wagga Tank long section May Day long section Wagga Tank Open Pit • Discovered 1970; Open Pit 2024 • 3.56Mt @ 0.59% Cu, 0.63g/t Au, 33g/t Ag, 0.64% Pb, 0.70% Zn1 • Contains: 21kt Cu, 72koz Au, 3.8Moz Ag, 23kt Pb, 25kt Zn1 Southern Nights and Wagga Tank Underground • Southern Nights discovered 2017 • 6.43Mt @ 3.92% Zn, 1.49% Pb, 63g/t Ag, 0.29g/t Au, 0.22% Cu1 • Contains: 252kt Zn, 96kt Pb, 13Moz Ag, 59koz Au, 14koz Cu1 • 2,650ac land acquired 1 – See CuEq calculations on slide 22; Tables B, C, D, and E on slides 23 - 25 Southern Nights long section For personal use only

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PEEL MINING LIMITED I ASX: PEX I WWW.PEELMINING.COM.AU SOUTH COBAR PROJECT PFS LARGELY COMPLETE; WAGGA TANK EVALUATION UNDERWAY 8 • PFS substantially complete for Mallee Bull and Wirlong underground mines supplying a standalone plant at Mallee Bull. • Discovery of Wagga Tank Open Pit mineralisation (late 2024) and completion of MRE (early 2025): o 3.56Mt @ 0.59% Cu, 0.63g/t Au, 33g/t Ag, 0.64% Pb, 0.70% Zn containing Cu – 21kt; Au – 72koz; Ag – 3.8Moz; Zn – 25kt; Pb – 23kt1. • Wagga Tank Open Pit metallurgical and geotechnical diamond drilling undertaken last quarter. • Targeting completion of Wagga Tank evaluation for inclusion into PFS by March Quarter 2026. • An open pit at Wagga Tank potentially: o Lowers initial capital costs and improves early cashflow; o Reduces development timeframes; o Offers underground development access; and o Simplifies operations. 1 – See ASX PEX announcement “SIGNIFICANT RESOURCE UPGRADE AT WAGGA TANK” - 15 April 2025 For personal use only

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PEEL MINING LIMITED I ASX: PEX I WWW.PEELMINING.COM.AU MALLEE BULL ADVANCED HIGH -GRADE COPPER 9 • One of Australia’s highest grade undeveloped copper deposits. • 125kt contained Cu, @1.78% Cu. • ~89% Indicated resource classification. • Situated on 20,000ac Peel-owned property. • Extensive flora, fauna and heritage surveys completed. • REF permit for exploration decline has been approved. • Preliminary mine design and scheduling completed. • Mineralisation remains open down plunge and to north. MRE Category Mallee Bull MRE as at April 2025 ($80/t NSR cut-off) Tonnes (kt) Cu (%) Au (g/t) Ag (g/t) Pb (%) Zn (%) Cont Cu (kt) Cont Au (koz) Cont Ag (moz) Cont Pb (kt) Cont Zn (kt) Ind 6,250 1.77 0.41 30 0.57 0.56 111 82 5.95 35.5 35 Inf 760 1.85 0.11 21 0.10 0.07 14 3 0.5 0.7 0.5 Total 7,010 1.78 0.38 29 0.52 0.51 125 85 6.45 36 36 For personal use only

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PEEL MINING LIMITED I ASX: PEX I WWW.PEELMINING.COM.AU WIRLONG ADVANCED HIGH -GRADE COPPER 10 • One of Australia’s highest grade undeveloped copper deposits. • 75kt contained Cu, @1.75% Cu. • ~60km by road from Mallee Bull on 12,500ac Peel-owned property. • ~59% of contained copper in Indicated resource classification. • Extensive flora, fauna and heritage surveys completed. • REF permit for exploration decline has been approved. • Preliminary mine design and scheduling completed. • Mineralisation remains open along strike; extensive near surface stockwork zone remains open. MRE Category Wirlong MRE as at April 2025 ($80/t NSR cut-off) Tonnes (kt) Cu (%) Ag (g/t) Cont Cu (kt) Cont Ag (moz) Ind 2,290 1.92 6 44 0.47 Inf 2,010 1.54 6 31 0.37 Total 4,300 1.75 6 75 0.84 For personal use only

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PEEL MINING LIMITED I ASX: PEX I WWW.PEELMINING.COM.AU WAGGA TANK OPEN PITTABLE COPPER -GOLD -SILVER RESOURCE 11 • ~50km by road from Mallee Bull. • Mineralisation commences near surface and remains open down plunge and along strike. • Extensive flora, fauna and heritage surveys completed. • Metallurgical drilling completed; met testwork now underway. • Preliminary geotechnical drilling completed. • Resource infill drilling to follow. MRE Category Mallee Bull MRE as at April 2025 ($40/60/t NSR cut-off) Tonnes (kt) Cu (%) Au (g/t) Ag (g/t) Pb (%) Zn (%) Cont Cu (kt) Cont Au (koz) Cont Ag (moz) Cont Pb (kt) Cont Zn (kt) Ind 1,210 0.79 0.51 34 1.41 1.70 9.5 19.7 1.33 17.0 20.5 Inf 2,350 0.49 0.70 32 0.25 0.19 11.6 52.8 2.44 5.9 4.4 Total 3,560 0.59 0.63 33 0.64 0.70 21.1 72.5 3.77 22.9 24.9 For personal use only

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PEEL MINING LIMITED I ASX: PEX I WWW.PEELMINING.COM.AU SOUTHERN NIGHTS ADVANCED ZINC -LEAD -SILVER RICH DEPOSIT 12 • ~50km by road from Mallee Bull on 2,650ac Peel-owned property. • ~62% of contained zinc in Indicated resource classification. • Extensive flora, fauna and heritage surveys completed. • Preliminary mine design and scheduling completed. • Mineralisation remains open along strike and down plunge. • Currently not included in South Cobar Project PFS scenarios. MRE Category Southern Nights MRE as at April 2025 ($80/t NSR cut-off) Tonnes (kt) Cu (%) Au (g/t) Ag (g/t) Pb (%) Zn (%) Cont Cu (kt) Cont Au (koz) Cont Ag (moz) Cont Pb (kt) Cont Zn (kt) Ind 3,420 0.19 0.29 70 1.68 4.43 16 52 9 75 172 Inf 3,010 0.26 0.28 55 1.27 3.35 19.4 80 7.8 44 105 Total 6,430 0.22 0.29 63 1.49 3.92 35.4 131 16.8 119 277 For personal use only

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PEEL MINING LIMITED I ASX: PEX I WWW.PEELMINING.COM.AU MAY DAY OPEN PIT & UNDERGROUND GOLD RESOURCE 13 • ~10km by road from Mallee Bull. • Situated on granted mining licence. • ~97% Indicated resource classification. • Concept pit optimisation studies completed. • Mineralisation remains open down plunge and along strike. • Untested >300m below surface. MRE Category May Day MRE as at April 2025 ($40/50/80/t NSR cut-off) Tonnes (kt) Au (g/t) Ag (g/t) Pb (%) Zn (%) Cont Au (koz) Cont Ag (moz) Cont Pb (kt) Cont Zn (kt) Ind 1,560 0.98 26 0.62 0.94 49 1.3 9.8 14.7 Inf 50 1.02 17 0.19 0.28 2 0.03 0.1 0.1 Total 1,610 0.98 26 0.61 0.92 51 1.3 9.8 14.8 For personal use only

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PEEL MINING LIMITED I ASX: PEX I WWW.PEELMINING.COM.AU PEEL’S EXPLORATION DELIVERS 14 • 4 major greenfields discoveries: o Mallee Bull (Cu-Ag-Au-Zn-Pb) in 2011. o Wirlong (Cu-Ag) in 2015. o Southern Nights (Zn-Pb-Ag-Cu-Au) in 2017. o Wagga Tank Open Pit (Cu-Au-Ag) in 2024. • ~A$0.10/lb CuEq cost of discovery. • FY2025 regional exploration activities identifies high priority targets: o Chuchi: adjacent Wagga Tank and Southern Nights; strong surface geochem anomaly with coincident gravity/resistivity anomalism. o Nombinnie: historic workings, strong surface and (historic) downhole geochem. o Beanbah: strong surface geochem with Tier 1 scale magnetic target. DRILL, DISCOVER, DELIVER For personal use only

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PEEL MINING LIMITED I ASX: PEX I WWW.PEELMINING.COM.AU NOMBINNIE FORGOTTEN HISTORIC GOLD PROSPECT 15 • ~75km by road from Mallee Bull. • Mineralisation commences near surface; untested at depth. • Historic drilling at Nombinnie in 1980s1 returned numerous strong shallow gold intercepts, including: o 8m @ 2.14g/t Au from 4m in NP131. o 6m @ 3.55g/t Au from 8m and 14m @ 3.14g/t Au from 28m in NP141. o 40m @ 1.46g/t Au from 22m in NP171. o 18m @ 1.03g/t Au from 2m in NR31. • Strong surface geochem anomalism including high-grade gold rock chips • IP chargeable anomalism beneath surface geochemical anomalism. • Regulatory approvals received for initial drilling program. 1 – See ASX PEX announcement “EXPLORATION UPDATE” - 30 July 2025 For personal use only

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PEEL MINING LIMITED I ASX: PEX I WWW.PEELMINING.COM.AU BEANBAH TIER 1 TARGET WITHIN SIGHT OF COBAR 16 • 35km NE of CSA mine. • Historic workings, topographic high with strong hydrothermal alteration. • 100nT “bullseye” magnetic anomaly with semi-coincident gravity anomaly. • Strong Mo-As-Cu geochem anomalism. • Historic drilling has failed to test magnetic anomaly. • Regulatory approvals received for initial drilling program. ~1.5km Beanbah oblique view looking NW – Mo ppm geochem over 0.06SI magnetic shell For personal use only

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PEEL MINING LIMITED I ASX: PEX I WWW.PEELMINING.COM.AU 17PEEL MINING LIMITED I ASX: PEX I WWW.PEELMINING.COM.AU BROKEN HILL (CURNAMONA JV) HIGH IMPACT POTENTIAL • 860km² in highly mineralised province. • Part of Curnamona JV (RHI earning 75% by spending $6.5m). • Tier 1 potential for stratiform zinc-lead-silver deposits and IOCG copper-gold. • Historic drill results include: o 2.02m @ 17.3% Zn, 5.9% Pb, 92g/t Ag from 315.59m in 11DF121. o 2.6m @ 5.1% Cu, 4g/t Ag, 4.4g/t Au from 337.6m in DD95SR11. • Airborne MT survey completed; surface EM surveying planned for near term. • 4,000m diamond drilling program planned to commence in September. 1 – See ASX RHI announcement “CURNAMONA EARN-IN JV EXPLORATION UPDATE” - 1 October 2024 For personal use only

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PEEL MINING LIMITED I ASX: PEX I WWW.PEELMINING.COM.AU 18PEEL MINING LIMITED I ASX: PEX I WWW.PEELMINING.COM.AU ANABAMA (CURNAMONA JV) HIGH IMPACT POTENTIAL • 840km² in highly mineralised province. • Part of Curnamona JV (RHI earning 75% by spending $6.5m). • Hosts significant structurally controlled copper-gold mineralisation. • Historic drill results include: • 9m at 0.52% Cu, 1.8 g/t Au from 9m in ARAB090281. • 72m at 0.90% Cu, 0.2 g/t Au from 18m including 33m @ 1.06% Cu, 0.3g/t from 42m in ARAB090291. • 124m at 0.62% Cu from 48m including 12m @ 1.89% Cu from 86m in CRD101. • Recent IP surveying highlights 4km strike extensive chargeability and resistivity anomalism; survey lines over historic drilling show excellent correlation with known mineralisation. 1 – See ASX RHI announcement “CURNAMONA EARN-IN JV EXPLORATION UPDATE” - 1 October 2024 For personal use only

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PEEL MINING LIMITED I ASX: PEX I WWW.PEELMINING.COM.AU INVESTMENT THESIS STRATEGIC COPPER RESOURCES IN THE COBAR BASIN 19 • Quality assets: o Solid resource base of 22.9 Mt @ 2.20% CuEq1 for 500kt CuEq1. o ~67% Indicated resource classification. o Mallee Bull and Wirlong advanced; exploration declines approved. o Wagga Tank offers potential for lower capital/risk; evaluation for PFS inclusion underway. • Key player in the Cobar Basin: o Leading exploration land position. o Land access secured with >35,000ac of pastoral landholdings over key deposits. o Potential to provide feedstock and solutions for third-party milling operations. • Tier 1 discovery exposure with exploration success track record. 1 – See CuEq calculations on slide 22 and Table E on slide 25 For personal use only

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PEEL MINING LIMITED I ASX: PEX I WWW.PEELMINING.COM.AU THANK YOU F O R M O R E I N F O R M A T I O N , P L E A S E C O N T A C T U S O N ( 0 8 ) 9 3 8 2 3 9 5 5 O R V I S I T O U R W E B S I T E W W W . P E E L M I N I N G . C O M . A U A S X : P E X 20 For personal use only

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PEEL MINING LIMITED I ASX: PEX I WWW.PEELMINING.COM.AU COMPETENT PERSONS STATEMENT The information in this report that relates to Exploration is based on information compiled by Rob Tyson who is a fulltime employee of the company. Mr Tyson is a member of the Australasian Institute of Mining and Metallurgy. Mr Tyson has sufficient experience of relevance to the styles of mineralisation and the types of deposits under consideration, and to the activities undertaken, to qualify as Competent Persons as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Tyson consents to the inclusion in this report of the matters based on information in the form and context in which it appears. Exploration results are based on standard industry practices, including sampling, assay methods, and appropriate quality assurance quality control (QAQC) measures. This release may include aspirational targets. These targets are based on management’s expectations and beliefs concerning future events as of the time of the release of this document. Targets are necessarily subject to risks, uncertainties and other factors, some of which are outside the control of Peel Mining that could cause actual results to differ materially from such statements. Peel Mining makes no undertaking to subsequently update or revise the forward-looking statements made in this release to reflect events or circumstances after the date of this release. Previous results referred to herein have been extracted from previously released ASX announcements. Previous announcements and reports are available to view on www.peelmining.com.au and www.asx.com.au. Additional information regarding each of the deposits contained within this report are available in the Company’s quarterly reports from December 2010 through to March 2025 and in progress reports as reported to the ASX. The company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements. The company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcements. Further information regarding Peel’s mineral resource estimates can be found in the ASX announcements: 9th January 2023 - “20Mt Resource Base For South Cobar Project” - 02619312.pdf (weblink.com.au) 15th April 2025 – “Significant Resource Upgrade At Wagga Tank” - 02936775.pdf (weblink.com.au) Other details (including drilling data) can be found in relevant quarterly reports available on the Company’s website, and NSW Geological Survey online statutory reporting system NSW DIGS. Slide 6 references: 1 – See ASX KSN announcement “Quarterly Report for period ending 30 June 2025” – 25 July 2025; See ASX MAC announcement “June 2025 Quarterly Report” – 24 July 2025; See ASX AIS announcement “Quarterly Activities Report for period ended 30 June 2025” – 21 July 2025; See ASX AMI announcement “Quarterly Activities Report for period ending 30 June 2025” – 21 July 2025. 2 – See ASX MAC announcement “MAC Copper enters Binding Scheme Implementation Deed with Harmony” – 27 May 2025. 3 – See ASX POL announcements “Endeavour Mine Funding & Offtake Secured” – 16 September 2024; and “$35 Million Equity Capital Raise” – 10 February 2025. 4 – See ASX AMI announcements “First Ore from Federation Processed” – 18 December 2024; and “Great Cobar Project Approval” – 16 April 2025. 5 – See ASX AIS announcement “Company Update and FY26 Guidance” – 22 July 2025. 6 – See ASX KSN announcement “Investor Presentation - Noosa Mining Conference” – 24 July 2025. 7 – See ASX MKR announcement “A$8M Fully Underwritten Entitlement Offer to Progress Manuka’s Cobar Basin Production Plan” – 8 July 2025. 8 – See ASX MHM announcement “Commencement of Trading ” – 23 December 2024. 21 For personal use only

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PEEL MINING LIMITED I ASX: PEX I WWW.PEELMINING.COM.AU JORC CODE INFORMATION COPPER EQUIVALENT CALCULATION 22 • Copper Equivalent (CuEq) grades were calculated from the combined estimates for each deposit zone on the basis of the metal prices and overall metallurgical recoveries shown in Table A. Recoveries are supported by metallurgical testwork for each of the deposits to date. It is the opinion of Peel Mining and the Competent Person that all the metals have a reasonable potential to be recovered and sold. • The Copper Equivalent calculation is as follows: o 𝑪𝒖𝑬𝒒 % = σ 𝒕 ×𝑪𝒖% ×𝑪𝒖𝑷×𝑪𝒖𝑹𝒆𝒄÷𝟏𝟎𝟎 + 𝒕 ×𝑷𝒃% ×𝑷𝒃𝑷×𝑷𝒃𝑹𝒆𝒄÷𝟏𝟎𝟎 + 𝒕 ×𝒁𝒏% ×𝒁𝒏𝑷×𝒁𝒏𝑹𝒆𝒄÷𝟏𝟎𝟎 + 𝒕 ×𝑨𝒖𝒑𝒑𝒎×𝑨𝒖𝑷×𝑨𝒖𝑹𝒆𝒄÷𝟑𝟏.𝟏𝟎𝟑 +(𝒕 ×𝑨𝒈𝒑𝒑𝒎 ×𝑨𝒈𝑷×𝑨𝒖𝑹𝒆𝒄÷𝟑𝟏.𝟏𝟎𝟑) (σ 𝒕) × 𝑨𝒗𝒆𝒓𝒂𝒈𝒆 𝑪𝒖 𝑹𝒆𝒄𝒐𝒗𝒆𝒓𝒚 ×𝑪𝒖𝑷÷𝟏𝟎𝟎 o Where 𝑨𝒗𝒆𝒓𝒂𝒈𝒆 𝑪𝒖 𝑹𝒆𝒄𝒐𝒗𝒆𝒓𝒚 = σ 𝒕×𝑪𝒖%×𝑪𝒖𝑹𝒆𝒄 σ 𝒕×𝑪𝒖% and t = tonnes per deposit. Metal Prices Gold (AuP) A$5,105/oz Silver (AgP) A$58.5/oz Lead (PbP) A$3,089/t Zinc (ZnP) A$4,335/t Copper (CuP) A$15,034/t Metallurgical Recoveries Deposit Zone Gold (AuRec) Silver (AgRec) Lead (PbRec) Zinc (ZnRec) Copper (CuRec) Wagga Tank Open Pit Oxide 85.0% 85.0% 0.0% 0.0% 85.0% Open Pit Trans 73.0% 81.0% 39.0% 45.0% 65.0% Open Pit Fresh 61.0% 77.0% 78.0% 90.0% 45.0% Underground 61.0% 77.0% 78.0% 90.0% 45.0% Southern Nights ZnPb 61.0% 77.0% 78.0% 90.0% 45.0% May Day Oxide 90.0% 20.0% 0.0% 0.0% 0.0% Sulphide 80.0% 60.0% 50.0% 60.0% 0.0% Mallee Bull ZnPb 60.0% 89.0% 79.0% 85.0% 0.0% Cu 30.0% 65.0% 0.0% 0.0% 92.0% Wirlong Cu 0.0% 65.0% 0.0% 0.0% 95.0% Table A For personal use only

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PEEL MINING LIMITED I ASX: PEX I WWW.PEELMINING.COM.AU Deposit MRE Category South Cobar Project Copper MREs as at April 2025 ($A80/t NSR cut-off) Tonnes (kt) Cu (%) Ag (g/t) Zn (%) Pb (%) Au (g/t) Cont Cu (kt) Cont Ag (moz) Cont Zn (kt) Cont Pb (kt) Cont Au (koz) Mallee Bull Ind 5,590 1.93 27 0.13 0.21 0.38 108 4.85 7.3 11.7 68 Inf 750 1.87 21 0.04 0.08 0.11 14 0.51 0.3 0.6 2.7 Subtotal 6,340 1.92 26 0.12 0.19 0.35 122 5.36 7.6 12.3 71 Wirlong Ind 2,290 1.92 6 0.08 0.03 0.03 44 0.47 1.9 0.6 1.9 Inf 2,010 1.54 6 0.07 0.01 0.03 31 0.37 1.4 0.3 1.7 Subtotal 4,300 1.75 6 0.08 0.02 0.03 75 0.84 3.3 0.9 3.6 Combined Ind 7,880 1.93 21 0.12 0.16 0.28 152 5.33 9.2 12.4 70 Inf 2,760 1.63 10 0.06 0.03 0.05 45 0.87 1.7 0.9 4.4 Total 10,640 1.85 18 0.10 0.12 0.22 197 6.20 10.8 13.3 74 Note: The South Cobar Copper MRE utilises A$80/tonne NSR cut-off mineable shapes that include minimum mining widths and internal dilution to bound the MREs. Figures are rounded to reflect the precision of estimates and include rounding errors. 23 JORC CODE INFORMATION SOUTH COBAR PROJECT MRE APRIL 2025 Table B For personal use only

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PEEL MINING LIMITED I ASX: PEX I WWW.PEELMINING.COM.AU Note: The South Cobar Zinc-Lead-Silver MRE utilises A$40/60/80/tonne NSR cut-offs within mineable shapes that include minimum mining widths and internal dilution to bound the MREs. Figures are rounded to reflect the precision of estimates and include rounding errors. Deposit MRE Category South Cobar Project Gold MRE as at April 2025 ($A40/50/80/t NSR cut-offs) Tonnes (kt) Cu (%) Ag (g/t) Zn (%) Pb (%) Au (g/t) Cont Cu (kt) Cont Ag (moz) Cont Zn (kt) Cont Pb (kt) Cont Au (koz) May Day OP Ind 970 - 25 0.78 0.46 1.10 - 0.8 7.6 4.5 34 UG Ind 590 - 27 1.20 0.89 0.77 - 0.5 7.1 5.3 15 UG Inf 50 - 17 0.28 0.19 1.02 - 0.03 0.1 0.1 1.6 Total 1,610 - 25 0.92 0.61 0.98 - 1.3 14.8 9.8 51 Deposit MRE Category South Cobar Project Global MRE as at January 2025 ($A40/50/60/80/t NSR cut-offs) Tonnes (kt) CuEq (%) Cu (%) Ag (g/t) Zn (%) Pb (%) Au (g/t) Cont CuEq (kt) Cont Cu (kt) Cont Ag (moz) Cont Zn (kt) Cont Pb (kt) Cont Au (koz) All Ind 14,730 2.30 1.16 35 1.52 0.82 0.39 340 170 16.8 224 120 185 Inf 8,180 1.95 0.79 33 1.31 0.55 0.33 160 64 8.7 107 45 86 Total 22,910 2.20 1.03 35 1.45 0.72 0.37 500 235 25.4 331 166 271 Note: The South Cobar Project MREs are above A$80/tonne NSR cut-off and utilises mineable shapes, which include minimum mining w idths and internal dilution to bound the MREs. May Day Open Pit utilised $40 and $50/t NSR cut-offs for oxide and sulphide Resources; Wagga Tank Open Pit utilised $40 and $60/t NSR cut-offs for oxide and transition/fresh Resources within optimal pits respectively. Figures are rounded to reflect the precision of estimates and in clude rounding errors. 25 JORC CODE INFORMATION SOUTH COBAR PROJECT MRE APRIL 2025 Table D Table E For personal use only

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