Emerald Resources (EMR) investor relations material

Strategic growth and production outlook

• Transitioning from a single-mine, 100Koz/year producer to a multi-mine, 300,000+ ounce per annum gold producer by 2026, with ambitions to reach 400,000–800,000 ounces using internal cash flow and no further shareholder dilution.

• Board and management have a 35-year track record of on-time, on-budget gold project delivery, with five projects delivered over the past 20 years across Australia, Cambodia, and Ivory Coast.

• Okvau Gold Mine has produced 510,000 ounces since 2021 at an all-in sustaining cost under $900/oz, with future costs expected around AUD 1,000/oz and FY2027 guidance of 100Koz–115Koz at AISC US$980–1,080/oz.

• Nearly AUD 500 million (A$481M as of June 2026) in cash, bullion, and listed investments is allocated to fund new mines in Cambodia and Australia, both already under development.

• Shareholder alignment is strong, with management holding 18% and no options or shares granted to themselves.

Project development and resource expansion

• Dingo Range in Australia has a 1.41 million ounce resource, fully permitted, with reserves being calculated and production expected in 12–14 months; significant exploration upside with regional programs ramping up.

• Memot Gold Project in Cambodia has a 1.7 million ounce resource, fully permitted, with a 27% resource increase since July 2025, reserve calculations underway, and ground-breaking expected by October.

• Both projects are fully licensed or in final land acquisition stages, with infrastructure such as camps and mills already in progress.

• High-grade intersections at Okvau and Memot indicate significant underground and open-pit expansion potential.

• Regional exploration in Cambodia covers ~900km², with additional 400km² under application, and all drilled areas at Dingo Range and Okvau yielding mineralization.

Financial strength and future opportunities

• Free cash flow from three core projects is projected at AUD 1 billion per year, supporting dividends and further growth.

• Actively seeking larger-scale projects (300,000–400,000 ounces) for future expansion, both domestically and internationally.

• Strategic investments include Golden Horse in Southern Cross and Manda Resources in North Queensland, targeting consolidation and resource growth.

• Dingo Range is modeled after the successful Duketon Gold Project, with rapid resource growth and multiple new discoveries.

• No need for external funding or debt due to strong cash position and ongoing project cash flows; company is debt-free, unhedged, and well-funded.