Asante Gold (ASE) Investor presentation summary

Strategic positioning and operating base

• Operates two major gold mines in Ghana: Bibiani and Chirano, with combined reserves of 3.0Moz and M&I resources of 4.6Moz, plus 2.2Moz inferred resources.

• Controls 83km of the Bibiani & Chirano Shear Zones, a prolific gold district with over 8Moz produced historically.

• Ghana is Africa’s largest gold producer, with gold exports accounting for 14% of GDP and a favorable investment climate.

• Management and board have deep experience in mine development, operations, and finance, with backgrounds at major global mining firms.

• Significant Ghanaian ownership and strong local and national government support.

Financials and capital structure

• Market cap of C$1.7B as of January 2026, with a share price of C$1.81 and 893.6M shares outstanding (937.5M fully diluted).

• Completed a $500M financing package in August 2025, including senior and subordinated debt, a gold stream, and a C$237M equity placement.

• Senior debt facility of $150M, subordinated debt facility up to $125M, and a $50M gold stream with buy-back provisions.

• Closes C$179M equity financing in January 2026 to further strengthen the balance sheet.

Production growth and operational milestones

• FY2024 gold equivalent production reached 189,600 oz; FY2023 was 120,713 oz.

• Targeting over 500,000 oz annual gold production by 2028 from Bibiani and Chirano.

• Bibiani mine ramp-up nearly complete, with new sulphide plant commissioned and gold recovery optimization underway.

• Chirano mine increasing production rate to 4Mt/year, with underground development advancing at multiple deposits.