OceanaGold Acquisition of Ausgold - Presentation

• OceanaGold to acquire Ausgold Limited
• Transaction value of approximately A$776 million
• Ausgold shareholders to hold 6-8% of OceanaGold
• Katanning gold project expected to start production in 2029
• Transaction to be funded by existing cash reserves

OceanaGold Corporation has announced its intention to acquire Ausgold Limited through a scheme of arrangement. Ausgold shareholders will receive 0.03365 OceanaGold shares per Ausgold share, with an option to elect for a cash alternative. The total transaction value is approximately A$776 million, and Ausgold shareholders will hold between 6% and 8% of the pro forma OceanaGold. The acquisition includes the Katanning gold project in Western Australia, expected to start production in 2029 with an annual production of over 100,000 ounces of gold. The transaction will be funded using OceanaGold's existing cash reserves and available liquidity, maintaining a strong, debt-free balance sheet.

OceanaGold provides 2026 guidance for gold production of 85-105,000 oz Au and copper production of 13-15,000 t Cu.

OceanaGold expects to leverage its technical expertise to optimize and de-risk the Katanning project, with an update to be provided upon transaction closing.