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Corporate Presentation TSX-V:ELE, OTCQX:ELEMF September 2025
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Forward Looking Statements 2 This corporate presentation is for informational purposes only and must not be used or relied upon for any other purposes. This corporate presentation is not and does not constitute an offer or invitation to subscribe for or purchase, or any solicitation of any offer to subscribe for or purchase, any securities of the Company in any jurisdiction. This corporate presentation must not form the basis of, or be relied on in connection with, any investment decision in relation to securities of the Company nor does it constitute a recommendation regarding securities of the Company. Market and Industry Data This corporate presentation includes market and industry data and forecast that were obtained from third-party sources, industry publications and publicly available information. Third-party sources generally state that the information therein has been obtained from sources believed to be reliable, but there can be no assurances as to the accuracy or completeness of included information. Although management believes it to be reliable, management has not independently verified any of the data from third-party sources referred to in this presentation, or analyzed or verified the underlying studies or surveys relied upon or referred to by such sources, or ascertained the underlying economic assumptions relied upon by such sources. Forward-Looking Statements This corporate presentation contains “forward-looking information” within the meaning of applicable Canadian securities laws and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, (together, “forward-looking statements”), concerning the business, operations and financial performance and condition of the Company. Forward-looking statements include, but are not limited to, statements with respect to the future price of gold; the estimation of mineral reserves and mineral resources; the realization of Mineral Reserve estimates; the Company’s growth prospects; the Company’s estimated 2025 revenues; and the timing and amount of estimated future production. Generally, forward- looking statements can be identified by the use of forward-looking terminology such as “plans,” “expects” or “does not expect,” “is expected,” “budget,” “scheduled,” “estimates,” “forecasts,” “intends,” “anticipates” or “does not anticipate,” “believes,” “projects” or variations of such words and phrases or state that certain actions, events or results “may,” “could,” “would,” “might” or “will be taken,” “occur” or “be achieved.” Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including, but not limited to, volatility in the price of gold, discrepancies between anticipated and actual production by companies in our portfolio, risks inherent in the mining industry to which the companies in our portfolio are subject, regulatory restrictions, the impact of the current COVID-19 pandemic on the companies in our portfolio, activities by governmental authorities (including changes in taxation), currency fluctuations and the accuracy of the mineral reserves, resources and recoveries set out in the technical data published by the companies in our portfolio. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company cautions readers not to place undue reliance on forward-looking statements, as forward-looking statements involve significant risks and uncertainties. Forward-looking statements should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not the times at or by which such performance or results will be achieved. The Company does not undertake to update any forward-looking statements except in accordance with applicable Canadian securities laws. Readers are directed to the Company’s Annual Information Form dated April 29, 2024, filed under the Company’s profile on SEDAR (www.sedarplus.ca) for a complete list of applicable risk factors. Investors are advised that National Instrument 43-101 Standards for disclosure for Mineral Projects (“NI 43-101”) of the Canadian Securities Administrators requires that each category of Mineral Reserves and Mineral Resources be reported separately. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. JORC Code Certain Resource and Reserve estimates covering properties related to certain mining assets in this corporate presentation have been prepared in reliance upon the JORC Code. Estimates based on JORC Code are recognized under NI 43-101 in certain circumstances. In each case, the Mineral Resources and Mineral Reserves included in this presentation are based on estimates previously disclosed by the relevant property owner or operator, without reference to the underlying data used to calculate the estimates. Accordingly, the Company is not able to reconcile the Resource and Reserve estimates prepared in reliance on JORC Code with that of CIM definitions. The Company previously sought confirmation from its Qualified Person who is experienced in the preparation of Resource and Reserve estimates using CIM and JORC Code, of the extent to which an estimate prepared under JORC Code would differ from that prepared under CIM definitions. The Company was advised that, while the CIM definitions are not identical to those of JORC Code, the Resource and Reserve definitions and categories are substantively the same as the CIM definitions mandated in NI 43-101 and will typically result in reporting of substantially similar Reserve and Resource estimates. Cautionary Note to U.S. Investors Concerning Estimates of Measured, Indicated or Inferred Resources This corporate presentation uses the terms “measured”, “indicated”, and “inferred” Mineral Resources. United States investors are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize these terms. “Inferred Mineral Resources” have a great amount of uncertainty as to their existence, as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred Mineral Resources mat not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of measured or indicated Mineral Resources will ever be converted into Mineral Reserves. United States investors are also cautioned not to assume that all or part of an inferred Mineral Resource exist, or is economically or legally mineable. Qualified Person Richard Evans, FAusIMM, is Senior Vice President, Technical for the Company and a qualified person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical disclosure contained in this presentation. Gold Equivalent Ounces Elemental’s adjusted royalty, streaming, and other revenue is converted to an attributable gold equivalent ounce, or GEO, basis by dividing the royalty and other revenue from associates in a period by the average gold price for the same respective period, plus the net gold ounces received in the period from streaming investments. The presentation of this non-IFRS measure is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Other companies may calculate these non-IFRS measures differently. The production forecast was derived using information that is available in the public domain as at the date hereof, which included guidance and estimates prepared and issued by management of the operators of the mining operations in which Elemental holds an interest. The production forecast is sensitive to the performance and operating status of the underlying mines. None of the information has been independently verified by Elemental and may be subject to uncertainty. There can be no assurance that such information is complete or accurate.
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A Diversified and Growing Portfolio 3 Locations are approximate Other Royalties / ProjectsProducing Assets ~US$400m Market Cap 10 Producing Assets Over 70 exploration and development stage royalties US$30.1– US$34.3m Record Adjusted Revenue1 Expected in 2025 Average asset ~11 year LoM which continues to be replenished Note: 1) 2025 Guidance as of March 2025 A globally diversified and scalable royalty company well-positioned for future growth WAHGNION MERCEDES MT PLEASANT KARLAWINDA CASERONES BONIKRO SKO BALLARAT PICKLE CROW EGYPTIAN ROYALTIES KORALI-SUD HOPE BROOKCACTUS MACTUNG MT MONGER LAVERTON
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2025: An Inflection Point for Elemental Altus Over $80m of non-dilutive capital to deploy from cash and undrawn credit facility $ NCIB in place and available to use Additional portfolio payments of up to US$15m in excess of royalty revenue + Maiden revenue of US$6.6m received from Korali-Sud royalty 50% increase in adjusted revenue from royalties to US$32m in 2025 Elemental Altus best positioned among peers to deploy capital in 2025 4
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$21.6m $30.1m $0.4m $1.4m $2.4m $5.1m $6.6m $14.5m $17.9m $34.3m 2017 2018 2019 2020 2021 2022 2023 2024 2025E 2025 Guidance Received Delivering Peer Leading Revenue Growth Note: Adjusted revenue includes consolidated revenue of Elemental and Altus, together with unconsolidated revenue attributabl e to Altus pre-completion of the merger on August 16, 2022. 2024 Adjusted Revenue is unaudited which should be read in conjunction with the Company’s audited financial statements for the year ended December 31, 2024, as and when released. Updat ed 2025 Guidance as of March 2025 1) Portfolio payments are non-recurring and are in addition to 2025 expected revenue of US$30.1m – US$34.3m Continuing Track Record of Growing Revenue Each Year Since Inception Adjusted Revenue (US$m) Up to $15m Portfolio Payments1 in addition to expected revenue 1 5
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High Quality Producing Assets – De-risked Portfolio Note: Net Asset Value and revenue based on Elemental Altus internal valuation Net Asset Value 75% of Net Asset Value from OECD Countries 2025E Revenue1 Portfolio well positioned to leverage increasing gold prices Geography 6 2 Stage Commodity 33% 19%15% 8% 14% 3%3% 4% Australia Chile Canada United States Cote d'Ivoire Burkina Faso Mali Other 69% 31% Revenue Generating Development 84% 16% Gold Copper
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Uncapped 2.0% NSR Uncapped 0.473% NSR High Quality Producing Assets – Cornerstone Assets Karlawinda Caserones OPERATOR Capricorn Metals REGION Western Australia COMMODITY Gold MINE TYPE Open Pit MINE LIFE 10 years ROYALTY AREA 110km2 2024 REVENUE US$5.2m ✓ Over 110koz of gold produced per year pre-expansion ✓ Over US$5 million in average annual royalty revenue ✓ Recent catalysts: 15% increase in Reserve to 1,428koz of gold in June 2024 ✓ Expansion: Capricorn approved & regulatory approval received for 25% production increase by mid 2026 OPERATOR Lundin Mining REGION Chile COMMODITY Copper, Molybdenum MINE TYPE Open Pit MINE LIFE 15 years ROYALTY AREA 166km2 2024 REVENUE US$5.3m ✓ Over 120kt of copper produced per year ✓ Over US$5.5 million in average annual royalty revenue ✓ Recent Catalysts: in Q4 2024, exploration drilling was completed in the lower portion of the mineral resource in search of higher-grade copper bodies that could improve the overall resource grade and potentially expand it. The drilling program at Angelica in search of copper sulphides was also completed in Q4 2024 Karlawinda and Caserones contribute to ~40% of Elemental Altus Asset NAV 7 2
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127 257 382 892 1,201 1,344 1,247 1,428 Sep-19 Sep-21 Jun-22 Jun-23 Jun-24 Depletion Reserves MAP High Quality Producing Assets - Karlawinda Cornerstone uncapped 2% NSR on Capricorn Metal’s Flagship Mine in Western Australia Capricorn has received regulatory approval for major production expansion to 150koz per annum at Karlawinda with 10-year mine life Karlawinda Ore Reserve Estimate (koz) Material Production Expansion +918koz converted to reserves since royalty acquisition +15% ✓ Capricorn has received regulatory approval for development of the Expansion Project ✓ Targeting average annual production of 150koz, a 25% increase from midpoint of production guidance FY2025 ✓ Increased production due to a ~50% throughput increase from the installation of a new three-stage crusher and ball mill circuit ✓ Completion of the expanded plant expected by the end of Q2 2026 ✓ Significant further potential to increase resources and reserves down dip of current inventories 8 2
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✓ Large land holding with 170km2 royalty coverage over 100% of all currently defined resources ✓ Opportunity to increase 15-year mine life significantly ✓ Primary copper mineralisation remains open in multiple directions ✓ 14,209m of diamond drilling completed in 2024 ✓ 18,000m planned for 2025 - the largest drill program at Caserones since 20134 ✓ Drilling will target deeper in-pit high-grade breccia zones, in addition to sulphide material beneath the Angelica oxide deposit ✓ Geophysical surveys are being completed to define other drill- ready targets High Quality Producing Assets - Caserones Exploration Upside at Zero Cost 9 2 Cornerstone uncapped 0.473% NSR on Lundin’s Cu-Mo Mine
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Notes: 1) 3% of Net Smelter Returns for the first 226,000 ounces of gold produced from the Mineral Property to the extent rec overed from the existing open pittable Measured and Indicated Resources identified in the 2022 Technical Report; and 2% of Net Smelter Returns for any ounces of gold produced from the Mineral Property outside of the area specified above or from the are a specified above in excess of 226,000 ounces, 2) Altus Strategies Technical Report titled “Diba & Lakanfla Project Heap Leach Preliminary Economic Assessment (NI 43-101), Mali”, dated July 28, 2022. Material Organic Growth – Sadiola 3% NSR1 on Satellite Deposit of Allied Gold’s Generational Sadiola Mine Ongoing Expansion and Optimisations ✓ 3% NSR on the first 226koz gold payable, 2% NSR thereafter ✓ Production commenced in Q4 2024 with first payment of US$6.6m received Q1 2025 ✓ Up to US$5m in milestone payments as production advances Elemental’s Newest Paying Royalty ✓ Sadiola contains a large mineral inventory with P&P Reserves of 7.2Moz, plus underexplored upside from multiple oxide prospects ✓ Allied are targeting a 20+ year mine life in addition to a multi-phased expansion currently being advanced: • Phase 1: Increase mill capacity to 5.7Mtpa, with 200-230kozpa of production from Q4 2025 • Phase 2: Increase mill capacity to 10Mtpa, increasing average production to 400kozpa from 2030 to 2033 ✓ Elemental Altus’ royalty AOI covers two highly prospective licence areas totalling 107km2 – both of which are expected to contribute to the increased mill feed as the project develops Sadiola M&I Resource 212Mt @ 1.46g/t for 10.0Moz Au Diba M&I Resource 7.6Mt @ 1.2g/t for 294koz Au Lakanfla Central Historical Resource2 3.7Mt @ 0.9g/t for 105koz Au 10 3
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Material Organic Growth – Sadiola • Lakanfla is a separate earlier-stage exploration licence exhibiting evidence of carbonate- hosted karst mineralisation • Lakanfla Central hosts a Historical Inferred Resource of 3.7Mt @ 0.9g/t for 105koz Au2, comprised of oxide, transition and fresh ore types • Drill intercepts include: 127m @ 1.27g/t Au from 21m1 • Abundant artisanal workings at Lakanfla West indicate higher grade oxide gold close to the surface Lakanfla: a Sadiola ‘lookalike’ Notes: 1) Elemental Altus Internal Report titled “Diba -Lakanfla Exploration Potential Summary: Q4 2022”, dated December 2022, 2) Altus Strategies Technical Report titled “Diba & Lakanfla Project Heap Leach Preliminary Economic Assessment (NI43 -101), Mali”, dated July 28, 2022. Elemental Altus Royalties notes the tonnages and grades stated for the Lakanfla property should be treated as historic only. No qualified person has completed sufficient work to classify the historical estimate as current mineral resources or mine ral reserves Diba Extensions • In Q1 2025, Allied completed resource drilling at the northern and eastern extensions at Diba, where mineralisation remains open along strike and down dip • Regional geochemical anomalies may point to an economic quantities of gold below surface cover to the NW of the Diba deposit • The ‘Diba Far East’ target – lies along Lakanfla’s component of the NNE structural trend and exhibits multiple diorite dyke intrusives closely associated with Sadiola type ore Satellites at Allied’s growing Sadiola Complex • Following recent success at Diba, exploration attention is now moving towards both oxide and sulphide extensions at the Korali-Sud Licence • Lakanfla, a Sadiola ‘lookalike’ with a historic resource, has significant potential to be included in Allied's expanded production plans ZN3 – 26m @ 5.1g/t Au1 ZN4 – 19m @ 2.5g/t Au1 Lakanfla West ~1,500m of artisanal workings along NNE trend1 Plateau Targets Soil anomalies up to 194ppb Au1 Lakanfla Central Historical Resource2 3.7Mt @ 0.9g/t for 105koz Au Diba M&I Resource 7.6Mt @ 1.2g/t for 294koz Au 11 3
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Material Organic Growth – Laverton Uncapped 2% GRR in Western Australia Laverton Project acquired by A$5 billion Australian miner Genesis Minerals (ASX: GMD) for A$250 million ✓ ~1.8 Moz of ELE attributable gold resources ✓ Genesis notes the clear potential for Laverton to supply open pit and underground ore to their operating 3 Mtpa Laverton mill approximately 30 km away ✓ Elemental Altus royalty area includes the historic high-grade underground gold mine at Lancefield, currently containing an Inferred Resource of 790,000 ounces at 6.3 g/t Au ✓ Immediate priorities for Genesis include: • Infill and extensional drilling with substantial scope for Resource growth • Studies to incorporate multiple oxide and transitional open pits into Laverton mine plan • Staged mill expansion studies at Laverton • Exploration over highly prospective tenement package Primed for Production under new Operator 12 3
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✓ Low Risk Revenue – fully permitted project bolsters medium to long term ELE revenue stream ✓ Tier 1 Jurisdiction – Canadian project enhances ELE portfolio quality ✓ High Quality Management – experienced team with track record of securing mine funding & development ✓ A Lundin Group Company ✓ Near-term Catalysts - Comprehensive drilling and field program anticipated in 2025 feeding into an updated Feasibility Study in 2027 and FID by 2028 ✓ Secured Government Funding – awarded US$15.8m by the US Department of Defence (DoD) to advance Mactung to FID ✓ Leading Critical Minerals Infrastructure – awarded up to C$12.9m by the Government of Canada to advance the design and implementation of significant power and transportation improvements in the district Notes: 1) Royalty subject to 2% NSR buyback option by operator at any time, 2) Fireweed Metals Corp Announcement titled “Fire weed Metals Announces Mineral Resources for the Mactung Project: the Largest High - Grade Tungsten Deposit in the World*” dated June 13, 2023 Value Creating Transactions – Mactung Uncapped 4% NSR1 on Fireweed Metals’ Mactung Project Exposure to the largest high-grade Tungsten deposit in the world2; a strategic Tier-1 critical minerals project being actively developed in Canada Royalty Highlights 13 4
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Value Creating Transactions – Cactus Material Copper Exposure in Arizona, a Tier 1 Mining Jurisdiction Acquired 0.54% NSR royalty for US$10 million on Arizona Sonoran’s Cactus mine, a uniquely de-risked and high-quality copper porphyry project with a clear pathway to production Notes: 1) Internal estimate based on royalty area coverage of contained Cu within Measured and Indicated categories of publis hed resources with effective dates of September 26, 2022 and August 7, 2024 Cactus Project Advantages Cactus Project Upside ✓ Located in USA’s top copper producing state ✓ Private landholding substantially streamlining permitting ✓ Formerly producing mine with significant on-site infrastructure ✓ JV partnership in place with Nuton, a wholly owned Rio Tinto subsidiary, developing proprietary copper leaching technology ✓ Adjacent to Ivanhoe Electric’s Santa Cruz Copper Project ✓ Contained metal in ELE’s royalty area has increased by over 3x since royalty acquisition1 ✓ PEA outlines a conceptual 31-year open-pit operation, averaging 105ktpa Cu production over first 20 years ✓ Advancing to PFS in H2 2025 ✓ Upside potential from application of sulphide processing from Nuton and further resource expansions 14 4
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Mt Pleasant 2017 Value Creating Transactions – Exceptional Returns History of sourcing and generating transactions that provide exceptional returns and value to shareholders Investment Cashflow Consensus NAV Note: Revenue less tax as of Q2 2025. NAV estimates based on broker consensus. All values in US$m 1) Korali Sud (previously Diba) was acquired in 2018 and monetised in 2023. Cactus 2023 10Near-term Development Asset with Significant Growth $2.3 $0.9 Return Investment Kwale 2017 241% Investment Recovered Amancaya 2018 $5.1 $3.6 $1.9Return Investment 144% Investment Recovered $30.3 $9.9 Return Investment Production expected 2029 Wahgnion 2020 Bonikro 2021 & 2024 Caserones 2021 Mercedes 2018 Karlawinda 2021 Korali-Sud 20231 15 4 7 4 1 2 5 8 6 9 $1.1 $0.5 $1.0Return Investment 246% Investment Recovered 3 $2.1 $1.0 $6.5Return Investment 217% Investment Recovered $11.3 $12.5 $19.2Return Investment 91% Investment Recovered $18.4 $37.0 $60.4Return Investment 50% Investment Recovered $16.1 $38.7 $55.0Return Investment 42% Investment Recovered $12.9 $28.4 $31.2Return Investment 45% Investment Recovered $7.8 $5.7 $38.7Return Investment 136% Investment Recovered
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Broker Coverage US$80m Non-Dilutive Capital to Deploy in 2025 Corporate Snapshot Backed by Supportive Shareholders Note: Market data from Capital IQ as of September 15, 2025. Balance Sheet as of September 15, 2025 Consensus Target Price: $2.52 US$50m available from credit facility with senior Canadian banks Elemental Altus Shares (m) 24.7 Current Share Price (C$/share) 22.80 Market Capitalization (US$m) 407.9 Cash (US$m) 15.2 Equity (US$m) 1.3 Debt (US$m) - Available Debt Facility (US$m) 50 Enterprise Value (US$m) 391.4 Tether Investments 38%AlphaStream 14% Deutsche Balaton 6% Stephens 4% Mgmt. & Board 3% Europac 3% Other Institutions 13% Other 19% 16 5
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Compelling Valuation – Undervalued vs Peers Sector Consolidation Since 2021 Reducing Competition Peer Leading 2025 Estimated Revenue, Boasting an Attractive Valuation Positive cashflow, access to credit from major banks and strong institutional shareholders while trading at a discount to peers Note: Market data from Capital IQ as of August 29, 2025. Revenue and NAV estimates based on broker consensus where available. Elemental Altus Revenue based on mid -point of 2025 guidance. 1) Mid-Tier Peers include Triple Flag, OR Royalties and Sandstorm Gold 2) Major Peers include Wheaton Precious Metals, Franco Nevada and Royal Gold 17 6 Price / NAV (x) 11.3x 13.6x 14.0x 35.1x 39.0x 18.1x 19.2x Price / 2025 Estimated Revenue (x) Major Avg.2Mid-Tier Avg.1 0.7x 0.9x 1.1x 1.1x 1.1x 1.7x 2.2x Major Avg.2Mid-Tier Avg.1
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Investment Highlights Delivering Peer Leading Revenue and Cash Growth ✓ 50% revenue growth in 2025 ✓ Track record of growing revenue year on year since inception ✓ >US$10m in additional payments in Q2 High Quality Producing Assets ✓ Caserones and Karlawinda anchor uniquely high-quality royalty portfolio ✓ De-risked portfolio – 55% of portfolio is revenue generating Material Organic Growth from Key Assets in 2025 ✓ Production has begun at Korali-Sud ✓ Producing and development assets with substantial exploration upside US$80m in Non-Dilutive Capital to Deploy in 2025 ✓ Undrawn US$50m credit facility ✓ Zero debt ✓ Cash generating business Compelling Valuation and Entry Point ✓ Standout revenue generator in junior royalty space ✓ Undervalued vs peers Track Record of Value Creating Transactions ✓ Cash generative portfolio that delivers exceptional returns and value to shareholders ✓ Uplift in valuation over time through identified upside Superior cash generation from revenue generating portfolio with embedded growth 1 2 3 4 5 6 18
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19 Appendix
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High Quality Producing Assets Note: 1) Royalty capped at cumulative production of 560,000oz from Pushback 2) Royalty c apped at cumulative payment of A$50m 3) Discovery Bonus of A$1.0 million payable for each new ore body on the royalty tenement package with production and / or Reserves greater than 250koz of gold Bonikro Korali-Sud Wahgnion Ballarat SKO Mercedes 4.50% NSR1 Up to 3% NSR, Milestone Payments Uncapped 1.0% NSR 2.50% NSR2 Uncapped A$10/oz & A$1m Discovery Bonus3 Uncapped 1% NSR Operator Allied Gold Allied Gold Burkina Faso Victory Minerals Northern Star Bear Creek Mining Region Cote d’Ivoire Mali Burkina Faso Victoria, Australia Western Australia Mexico Commodity Gold Gold Gold Gold Gold Gold, Silver 2024 Revenue US$5.3m n/a US$2.7m US$0.8m US$0.4m US$1.0m Mine Type Open Pit Open Pit Open Pit Underground Underground Underground Mine Life 5 years Up to 4 years 10 years+ 9 years 10 years+ 3 years Royalty Area 1km2 107 km2 1,033km2 32km2 176km2 692km2 Upcoming Catalysts ✓ Over 80koz of gold produced per year ✓ Near-term catalysts: stripping of PB5 during 2024 exposing higher-grade materials into 2025 and 2026 ✓ Korali-Sud deposit has begun producing, contributing $6.6m in revenue in Q1 2025 ✓ Near-term catalysts: advancing optimisation studies ✓ Over 100koz of gold produced per year ✓ Over US$2 million in average annual royalty revenue ✓ Near-term catalysts: Significant exploration potential ✓ Recent catalysts: New owners implementing a wide-ranging capex program to establish capacity for ongoing production including replacement of UG mining fleet & a 1kW ball mill to improve recoveries ✓ Acquisition cost fully repaid in Q2 2024 ✓ Recent catalysts: Second discovery bonus achieved in June 2024 ✓ Upside from further discovery bonuses ✓ History of reserve replacement ✓ Acquisition cost fully repaid in Q1 2024 ✓ Near-term catalysts: Expansion potential Reduced downside risk through portfolio of 10 producing royalties 20
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Experienced Management and Board 21 Management Team Prashant Francis Non-Executive Director Sandeep Singh Non-Executive Director David Baker CFO Alister Hume EVP Business Development Richard Evans SVP Technical Simon Vumbaca Non-Executive Director Ravi Sood Non-Executive Director Meghan Sharp VP Business Development David Gossen General Counsel Board of Directors Juan Sartori Executive Chair Frederick Bell CEO "We have built an exceptional ground-floor opportunity in the royalty space, generating steady revenue and quality royalties with some of the industry’s leading mining companies." “Elemental Altus’ management team has built a strong foundation through disciplined execution, and we look forward to supporting the next phase of transformational growth."
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TSX-V:ELE, OTCQX:ELEMF WEBSITE elementalaltus.com EMAIL info@elementalaltus.com PHONE +1 604 646 4527 ADDRESS 1020 - 800 West Pender Vancouver, BC V6C 2V6