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"status": "active", "canonId": "019de52d-0801-727b-b98a-5ed095aeee78", "version": 1, "description": null }, "function": "appendix", "functionCanon": { "name": "Appendix", "slug": "appendix", "status": "active", "canonId": "019de52d-138d-750b-83c3-49b4bc7a7a38", "version": 1, "description": null }, "density": "overcrowded", "densityScore": 81, "componentCount": 8, "textChars": 4027, "nDataPoints": 0, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 06:56:29.324+00", "seconds": 8.169, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de518-1a9f-7659-af8e-84ccdae3a516/2", "deck": "/decks/019de518-1a9f-7659-af8e-84ccdae3a516", "deckAnchor": "/decks/019de518-1a9f-7659-af8e-84ccdae3a516#slide-2", "deckJson": "/decks/019de518-1a9f-7659-af8e-84ccdae3a516.json" }, "components": [ { "bbox": { "h": 0.16, "w": 0.931, "x": 0.035, "y": 0.62 }, "kind": "paragraph", "text": "Estimates of Mineral Resources and Ore Reserves\nThis document and the Prospectus contain estimates of Ore Reserves and Mineral Resources. The Company confirms that the form and context of the Competent Person's findings are presented and have not been materially\nmodified from the Prospectus. It is a requirement of the ASX Listing Rules that the reporting of ore reserves and mineral resources in Australia comply with the JORC Code. Investors outside Australia should note that while\nexploration results, mineral resources and ore reserves estimates of MAC in this presentation comply with the JORC Code, they may not comply with the relevant guidelines in other countries and, in particular, do not comply\nwith (i) National Instrument 43-101 (Standards of Disclosure for Mineral Projects) of the Canadian Securities Administrators; or (ii) the requirements adopted by the Securities and Exchange Commission (SEC) in its Subpart\n1300 of Regulation S-K. Information contained in this presentation describing mineral deposits may not be comparable to similar information made public by companies subject to the reporting and disclosure requirements of\nCanadian or US securities laws.", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 06:56:29.324+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "34f64af5-2757-457f-9a86-aa8148f78712", "parentComponentId": null }, { "bbox": { "h": 0.08, "w": 0.931, "x": 0.035, "y": 0.41 }, "kind": "paragraph", "text": "Disclaimer\nThis presentation has been prepared by MAC and while believed to be accurate and reliable, MAC, nor any of its related bodies corporate, their respective directors, partners, employees or advisers or any other person\n(Relevant Parties), do not make any representations, warranties or undertakings, express or implied, as to the fairness, currency, accuracy, completeness or correctness of such information or any further information supplied\nby MAC, including the opinions and conclusions contained herein and any data sourced from independent third parties replicated herein, and no reliance may be placed on the information contained in this presentation.", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 06:56:29.324+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "350a1719-d5e2-4411-863d-121d490e59b6", "parentComponentId": null }, { "bbox": { "h": 0.13, "w": 0.931, "x": 0.035, "y": 0.266 }, "kind": "paragraph", "text": "Summary information in relation to MAC\nThis presentation contains summary information about Metals Acquisition Limited ARBN 671 963 198 (\"MAC\" or \"Company\"), its subsidiaries and their activities which is current as at the date of this document, unless\notherwise indicated. The information in this document remains subject to change without notice. The information in this document does not purport to be complete nor does it contain all the information that would be required in\na disclosure statement or prospectus prepared in accordance with the Corporations Act 2001 (Cth). This presentation should be read in conjunction with MAC's periodic and continuous disclosure announcements lodged with\nthe Australian Securities Exchange (ASX), which are available at www.metalsacquisition.com or www.asx.com.au, in particular MAC's replacement prospectus dated 3 February 2024 (as supplemented by MAC's\nsupplementary prospectus dated 9 February 2024) (the Prospectus)", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 06:56:29.324+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "3ffc2d09-8805-4efb-a3f5-dbc64c5c7510", "parentComponentId": null }, { "bbox": { "h": 0.05, "w": 0.931, "x": 0.035, "y": 0.799 }, "kind": "paragraph", "text": "Industry Data\nCertain market and industry data used in connection with or referenced in this document, including in relation to other companies in MAC's peer group, may have been obtained from public filings, research, surveys or studies\nmade or conducted by third parties, including as published in industry-specific or general publications. Neither MAC or its representatives have independently verified any such market or industry data.", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 06:56:29.324+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "5299316d-e008-44bb-a450-d2299837c51a", "parentComponentId": null }, { "bbox": { "h": 0.014, "w": 0.62, "x": 0.035, "y": 0.236 }, "kind": "paragraph", "text": "IMPORTANT: You must read the following in conjunction with this document", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 06:56:29.324+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "daa80ff8-88af-4c09-b70e-b30920d28f86", "parentComponentId": null }, { "bbox": { "h": 0.09, "w": 0.931, "x": 0.035, "y": 0.51 }, "kind": "paragraph", "text": "Compliance Statements\nThis presentation should be read in conjunction with the Prospectus. Information in this presentation in relation to Mineral Resources and Ore Reserves has previously been reported in the Prospectus. MAC confirms that it is\nnot aware of any new information or data that materially affects the information included in the Prospectus and that all material assumptions and technical parameters underpinning the estimates with regards to the Company\nin the Prospectus continue to apply and have not materially changed. The Company confirms that the form and context of the Competent Person's findings are presented and have not been materially modified from the\nProspectus.", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 06:56:29.324+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "fb3bdcf4-2ffb-46a6-bb8e-b2c5a5aa2395", "parentComponentId": null }, { "bbox": { "h": 0.01, "w": 0.007, "x": 0.963, "y": 0.854 }, "kind": "source-note", "text": "2", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. 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In particular, any indications of, and guidance on, future earnings and financial positions and performance are forward-looking statements. These statements are based on an assessment of present economic and operating conditions and on a number of best estimate assumptions regarding future events and actions that, as of the date made, are expected to take place. Forward-looking statements include statements about industry and market trends, statements and projections regarding mineral resources and ore reserves, planned production and operating cost profiles, planned capital requirements of MAC. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of MAC. Forward-looking statements should therefore be read in conjunction with, and are qualified by reference to, the information in the prospectus for the initial public offer. The Limited Parties cannot, and does not, give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements contained in this Presentation will actually occur and recipients are cautioned not to place undue reliance on any forward-looking statements. No person who has made any forward-looking statements in this Presentation (including MAC) has any intention to update or revise forward-looking statements, or to publish prospective financial information in the future, regardless of whether new information, future events or any other factors affect the information contained in this Presentation, other than to the extent required by law.", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 06:56:28.274+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "1cb88430-c3e1-4525-8bc5-e05a23160879", "parentComponentId": null }, { "bbox": { "h": 0.13, "w": 0.93, "x": 0.035, "y": 0.405 }, "kind": "paragraph", "text": "This presentation does not constitute, and is not intended to constitute, investment or financial product advice (nor tax, accounting or legal advice). This document should not be relied upon as advice to investors or potential investors and has been prepared without taking account of any person's individual investment objectives, financial situation or particular needs. Any investment decision should be made based solely upon appropriate due diligence. Except to the extent prohibited by law, the Relevant Parties disclaim all liability that may otherwise arise due to any of this information being inaccurate or incomplete. By obtaining this document, the Recipient releases the Relevant Parties from liability to the Recipient for any loss or damage that it may suffer or incur arising directly or indirectly out of or in connection with any use of or reliance on any of this information, whether such liability arises in contract, tort (including negligence) or otherwise.", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 06:56:28.274+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "3dd3ed31-f75e-46a2-afd9-e88dc0f46372", "parentComponentId": null }, { "bbox": { "h": 0.12, "w": 0.93, "x": 0.035, "y": 0.25 }, "kind": "paragraph", "text": "This presentation includes certain financial data and metrics, such as \"C1 Costs\", \"Working Capital\" \"Net Cash\" and \"Average Realised Price\" that are not recognised under the Australian Accounting Standards and are classified as 'non-IFRS financial information' under ASIC Regulatory Guide 230 'Disclosing non-IFRS financial information'. MAC uses this non-IFRS Financial Information to assess the performance of the business and to provide additional insights into the underlying performance of its assets. The non-IFRS Financial Information metrics do not have standardised meanings under IFRS and, therefore, may not be comparable to similarly titled measures presented by other entities. Non-IFRS Financial Information should be considered in addition to, and not as a replacement for, financial measures determined in accordance with IFRS. Investors are cautioned therefore not to place undue reliance on any non-IFRS Financial Information included in this presentation. Refer to section 4 of the Prospectus for further details regarding non-IFRS financial information.", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 06:56:28.274+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "46457c2d-5cb9-4b6c-a4dd-7d94aaa8cb9b", "parentComponentId": null }, { "bbox": { "h": 0.03, "w": 0.93, "x": 0.035, "y": 0.575 }, "kind": "paragraph", "text": "This presentation includes information regarding the past performance of the Company. 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Refer to Prospectus for further details. (2) Refer to Disclaimer at the beginning of this presentation regarding references to Ore Reserves and Mineral Resources in this presentation. Further details concerning MAC's\nOre Reserves are set out in Appendix A to this presentation. (3) Unaudited. Refer to Disclaimer at the beginning of this presentation regarding non-IFRS financial information (4) Fleet included in total cumulative capital invested. Cumulative capital excludes normal sustaining capex.", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. 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"parentComponentId": null }, { "bbox": { "h": 0.023, "w": 0.149, "x": 0.81, "y": 0.446 }, "kind": "metric", "text": "US$1,085.0m", "attrs": { "unit": "million" }, "canon": { "kind": { "name": "Metric", "slug": "metric", "status": "active", "canonId": "019de52c-f923-73bf-8081-d0b1a8c5264d", "version": 1, "description": "Big-number or KPI value." }, "tool": null, "subkind": { "name": "Big number", "slug": "big-number", "status": "active", "canonId": "019de52c-fc70-70c8-b965-0584548a9204", "version": 1, "description": null }, "framework": null }, "subkind": "big-number", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 06:56:31.942+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "7e1ed5cd-60b0-4a1c-a2d3-4342081fcdb7", "parentComponentId": null }, { "bbox": { "h": 0.023, "w": 0.149, "x": 0.81, "y": 0.326 }, "kind": "metric", "text": "88,932,613", "attrs": { "unit": "shares" }, "canon": { "kind": { 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"subkind": { "name": "Big number", "slug": "big-number", "status": "active", "canonId": "019de52c-fc70-70c8-b965-0584548a9204", "version": 1, "description": null }, "framework": null }, "subkind": "big-number", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 06:56:31.942+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "9d26039f-731e-4e79-bf86-65e4a4ee8951", "parentComponentId": null }, { "bbox": { "h": 0.023, "w": 0.149, "x": 0.529, "y": 0.446 }, "kind": "metric", "text": "US$12.20/sh", "attrs": { "unit": "/share" }, "canon": { "kind": { "name": "Metric", "slug": "metric", "status": "active", "canonId": "019de52c-f923-73bf-8081-d0b1a8c5264d", "version": 1, "description": "Big-number or KPI value." }, "tool": null, "subkind": { "name": "Big number", "slug": "big-number", "status": "active", "canonId": "019de52c-fc70-70c8-b965-0584548a9204", "version": 1, "description": null }, "framework": null }, "subkind": "big-number", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 06:56:31.942+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "f3205a0b-9352-452b-963d-7eeedbf90dd3", "parentComponentId": null }, { "bbox": { "h": 0.087, "w": 0.929, "x": 0.038, "y": 0.796 }, "kind": "source-note", "text": "Notes: (1) Including 19,117,648 Shares issued to CHESS Depositary Nominees Pty Limited underlying 19,117,648 CDIs. (2) Assuming exercise or conversion of all issued warrants, RSUS, PSUs and DSUs. (3) Share price as reported on the NYSE at the close of trading on 15 February 2024. (4) Comprises debt of US$326m (which includes US$191m Senior Debt and US$135m Subordinated Debt as at 24 January 2024), US$164m of existing cash reserves (which includes US$214m (A$325m) of cash proceeds received from the IPO, less transaction costs of US$9.2m (A$14m), less payment of the Deferred Consideration Facility US$82.9m (A$126m), and pre-IPO cash reserves of US$42m (A$64m) as at 24 January 2024) and US$217m of cash from the exercise of 18.6m warrants at strike prices of US$11.50 & US$12.50. (5) With the exception of transaction costs and the Deferred Consideration Facility, net cash shown prior to IPO funds raised being allocated towards uses. (6) Based on management figures, adjusted for the impact of the new MAC offtake. 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0.687 }, "kind": "list", "text": "Forecast to trend to a long term average of US$3.70/lb by Wood Mackenzie", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 06:56:34.565+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "d2a4fe93-1cfd-4d80-a200-61078c9acab0", "parentComponentId": null }, { "bbox": { "h": 0.05, "w": 0.933, "x": 0.034, "y": 0.825 }, "kind": "source-note", "text": "Notes: (1) Fleet included in total cumulative capital invested. Cumulative capital excludes normal sustaining capex. (2) Compared against production in Q2 2023 of 7,779t Cu and 99,117oz Ag. (3) Unaudited. Refer to Disclaimer at the beginning of this presentation regarding non-IFRS financial information. (4) US$164m of existing cash reserves comprised of US$214m (A$325m) of cash proceeds received from the IPO, less transaction costs of US$9.2m (A$14m), less payment of the Deferred Consideration Facility US$82.9m (A$126m), and pre-IPO cash reserves of US$42m (A$64m) as at 24 January 2024. (5) Sourced from Wood Mackenzie, Global Copper Investment Horizon Outlook, Q3 2023.", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. 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"confidence": null, "extraction": { "at": "2026-05-02 06:56:35.811+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "ca5f56ce-f50b-4b46-b890-da10d14da59e", "parentComponentId": null }, { "bbox": { "h": 0.05, "w": 0.47, "x": 0.5, "y": 0.56 }, "kind": "list", "text": "New offtake agreement signed with GIAG\nPricing linked to industry indexes over a quotational period", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 06:56:35.811+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "1bbffa96-18c6-47ea-9e9d-25467e9642aa", "parentComponentId": null }, { "bbox": { "h": 0.07, "w": 0.47, "x": 0.5, "y": 0.26 }, "kind": "list", "text": "CMPL's historical financials were constrained by the previous offtake between Glencore and GIAG, a related party\nAverage realised prices under the historical offtake were significantly below average LME prices:", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 06:56:35.811+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": 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"componentId": "f39ad389-3fb8-4549-a6e5-e7e772377ce1", "parentComponentId": null }, { "bbox": { "h": 0.03, "w": 0.92, "x": 0.05, "y": 0.84 }, "kind": "source-note", "text": "Notes: (1) Extracted from the audited accounts of CMPL for the years ended 31 December 2021 and 31 December 2022 and for the period between 1 January 2023 and 15 June 2023. Please refer to section 4 of the Prospectus for further details. (2) As at 1 Jan 2024.", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. 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(2) Including 19,117,648 Shares issued to CHESS Depositary Nominees Pty Limited underlying 19,117,648 CDIs. (3) Debt as at 24 January 2024. (4) Cash comprised of US$214m (A$325m) of cash proceeds received from the IPO, less transaction costs of US$9.2m (A$14m), less payment of the Deferred Consideration Facility US$82.9m (A$126m), and pre-IPO cash reserves of US$42m (A$64m) as at 24 January 2024. US$217m of cash included from the exercise of 18.6m warrants at a strike price of US$11.50 & US$12.50. (5) As at 30 June 2023.", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. 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As at 24 January 2024", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. 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"block": null, "metadata": { "slideType": "other", "slideTypeCanon": { "name": "Other (fallback)", "slug": "other", "status": "active", "canonId": "019de52d-0af5-71ed-83de-d51ae245fc43", "version": 1, "description": null }, "function": "analyze_data", "functionCanon": { "name": "Analyze data", "slug": "analyze_data", "status": "active", "canonId": "019de52d-1590-7413-8c82-cc218cff40b4", "version": 1, "description": null }, "density": "dense", "densityScore": 72, "componentCount": 5, "textChars": 1600, "nDataPoints": 30, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 06:56:36.207+00", "seconds": 6.488, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de518-1a9f-7659-af8e-84ccdae3a516/26", "deck": "/decks/019de518-1a9f-7659-af8e-84ccdae3a516", "deckAnchor": "/decks/019de518-1a9f-7659-af8e-84ccdae3a516#slide-26", "deckJson": "/decks/019de518-1a9f-7659-af8e-84ccdae3a516.json" }, "components": [ { "bbox": { "h": 0.0898, "w": 0.9202, "x": 0.0398, "y": 0.7361 }, "kind": "disclaimer", "text": "CSA Copper Mine ore reserve and mineral resource estimates\nInformation in this presentation in relation to Mineral Resources and Ore Reserves has previously been reported in the Prospectus. MAC confirms that nothing has come to its attention that causes MAC to question the accuracy or reliability of the Mineral Resources and Ore Reserve estimates. MAC confirms that it is not aware of any new information or data that materially affects the information included in the Prospectus and that all material assumptions and technical parameters underpinning the estimates with regards to the Company in the Prospectus continue to apply and have not materially changed. The Company confirms that the form and context of the Competent Person's findings are presented and have not been materially modified from the Prospectus.\nMike Job of Cube Consulting Pty Limited, West Perth, acted as Competent Person for the Mineral Resource estimate.\nMr Jan Coetzee of Metals Acquisition Limited acted as Competent Person for the Ore Reserve estimate.", "attrs": {}, "canon": { "kind": { "name": "Disclaimer", "slug": "disclaimer", "status": "active", "canonId": "91173477-d91f-4024-bbaf-d4f93e3f82dc", "version": 1, "description": "Legal/cautionary text that occupies most of the body of its slide." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 06:56:36.207+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "bb3ec1ca-4b71-45fb-af45-010afc613192", "parentComponentId": null }, { "bbox": { "h": 0.013, "w": 0.0185, "x": 0.9094, "y": 0.8583 }, "kind": "source-note", "text": "26", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 06:56:36.207+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "f868acfa-89b2-429f-bd2e-ef88b428cbad", "parentComponentId": null }, { "bbox": { "h": 0.2019, "w": 0.9202, "x": 0.0398, "y": 0.2296 }, "kind": "table", "text": "Ore Reserves (as at 31 December 2022)1\nCategory\nOre (Mt)\nCu Grade (%)\nCu Cont. (kt)\nAg Grade (g/t)\nAg Cont. (Moz)\nProven 4.8 4.3% 209 18 2.8\nProbable 3.1 3.5% 105 14 1.3\nTotal Ore Reserves(3) 7.9 4.0% 314 16 4.1", "attrs": {}, "canon": { "kind": { "name": "Table", "slug": "table", "status": "active", "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28", "version": 1, "description": "Tabular data layout." }, "tool": null, "subkind": { "name": "Data table", "slug": "data", "status": "active", "canonId": "019de52d-02d5-75b8-8abf-88e92bf63569", "version": 1, "description": null }, "framework": null }, "subkind": "data", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 06:56:36.207+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "5708ce6a-26ba-49fd-89d4-215d300324d5", "parentComponentId": null }, { "bbox": { "h": 0.2491, "w": 0.9202, "x": 0.0398, "y": 0.4667 }, "kind": "table", "text": "Mineral Resources (as at 31 December 2022)1,2\nCategory\nOre (Mt)\nCu Grade (%)\nCu Cont. (kt)\nAg Grade (g/t)\nAg Cont. (Moz)\nMeasured 4.0 5.7% 232 24 3.05\nIndicated 4.1 4.9% 203 20 2.66\nMeasured & Indicated(2) 8.1 5.3% 435 22 5.71\nInferred 5.2 5.2% 272 20 3.30\nTotal Mineral Resources (3) 13.3 5.3% 707 21 9.0", "attrs": {}, "canon": { "kind": { "name": "Table", "slug": "table", "status": "active", "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28", "version": 1, "description": "Tabular data layout." }, "tool": null, "subkind": { "name": "Data table", "slug": "data", "status": "active", "canonId": "019de52d-02d5-75b8-8abf-88e92bf63569", "version": 1, "description": null }, "framework": null }, "subkind": "data", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 06:56:36.207+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "a51fa72f-f638-49fc-b741-9e2adfedfaf1", "parentComponentId": null }, { "bbox": { "h": 0.0363, "w": 0.8602, "x": 0.0703, "y": 0.1463 }, "kind": "title", "text": "CSA Copper Mine Ore Reserves & Mineral Resources", "attrs": {}, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 06:56:36.207+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "4031f9c3-aa11-4076-890b-f3dc6bc8a180", "parentComponentId": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [], "loops": [], "locked": true } ], "arcBeats": [ { "from": 4, "to": 8, "label": "Situation & Context", "description": "The document provides an overview of the company and its operations" }, { "from": 12, "to": 12, "label": "Problem & Complication", "description": "The document highlights numerous productivity improvement opportunities" }, { "from": 13, "to": 17, "label": "Solution & Approach", "description": "The document presents productivity and operational improvements" }, { "from": 18, "to": 19, "label": "Impact & Next Steps", "description": "The document outlines MAC's growth strategy" } ], "loops": [ { "from": 12, "to": 17, "label": "Cost Of Inaction", "description": "Highlighting the cost of not taking action to improve productivity" }, { "from": 18, "to": 19, "label": "Quick Win Big Bet", "description": "Presenting a growth strategy with quick wins and big bets" } ] }