DPM Metals (DPM) Investor presentation summary

Strategic positioning and growth outlook

• Focused on high-margin, European precious metals production with a peer-leading growth profile and strong cash generation, supported by $576M in cash and $400M in undrawn credit facilities.

• Four significant discoveries since 2023, with a robust pipeline of organic growth projects and exploration targets across the Western Tethyan Belt.

• Fully funded for growth, with a proven track record of on-time, on-budget project delivery and experienced leadership.

Čoka Rakita project highlights

• Feasibility study confirms a high-margin, low-cost gold mine with 7.3Mt reserves at 6.44 g/t Au, 1.34Moz total gold, and average annual production of 189koz in the first five years.

• Initial capital of $448M, all-in sustaining cost of $644/oz, and after-tax NPV (5%) of $782M at $1,900/oz gold price; IRR of 36% and payback in 1.8 years.

• Optimized mine plan for early access to high grades, improved ventilation, dewatering, and gold recoveries; first concentrate production targeted for H1 2029.

• Conventional processing flowsheet with 88% gold recovery; tailings management includes cemented paste backfill and dry-stack facility.

Exploration and resource expansion

• Ongoing district-scale exploration at Čoka Rakita, Dumitru Potok, and Frasen, with 20,000m drilling programs and deposits remaining open for further growth.

• Initial inferred mineral resource estimate for Dumitru Potok, Rakita North, and Frasen: 2.6Moz Au and 1.9Blbs Cu, with significant high-grade core at Dumitru Potok.

• Metallurgical testwork indicates high recoveries and saleable copper-gold concentrates.