Wallbridge Mining Company (WM) investor relations material

Strategic positioning and recent developments

• Holds a large, underexplored land package in Québec's Abitibi region with significant gold resources at Fenelon (1.75 Moz indicated, 1.65 Moz inferred) and Martiniere (346 Koz indicated, 387 Koz inferred).

• Closed a C$56 million private placement in May 2026 to fund the Fenelon pre-feasibility study, expected by end of 2027/start of 2028.

• Major shareholders Agnico Eagle and Waratah each hold 19.9% ownership.

• Announced a 20:1 share consolidation and a rebranding to "Sunday Lake Gold" in Q3 2026.

Fenelon Gold Project: PEA highlights and economics

• 2025 PEA outlines a 16-year mine life with average annual production of 107,000 oz (127,000 oz/year in first five years).

• After-tax NPV (5%) of $706 million and IRR of 21% at US$2,200/oz gold price.

• Initial capital expenditure of $579 million and sustaining capital of $449 million.

• All-in sustaining cost (AISC) of US$1,046/oz and total cash cost of US$851/oz.

• Strong free cash flow generation, averaging $120 million annually after tax.

Project execution and technical approach

• PEA based on first principles, realistic cost assumptions, and phased infrastructure development.

• Two-year pre-production phase followed by 16 years of production, with ramp-up and open-pit mining in later years.

• Metallurgical testing shows up to 84.1% gravity gold recovery; simple flowsheet with gravity, CIL, and flotation.

• Sensitivity analysis demonstrates robust economics across a range of gold prices and cost scenarios.