Appointment of Chief Operating Officer

30th June 2025

ACG Metals

ACG METALS LIMITED

("ACG" or the "Company")

Appointment of Chief Operating Officer

ACG is pleased to announce the appointment of Peter Carter as its Chief Operating Officer.

Mr Carter brings over 40 years' experience in mine engineering, operations management and project development. He will play a key role as ACG advances its copper growth strategy, leading operations for ACG globally, starting with the Gediktepe Mine and working closely with the senior management team to deliver on the Company's acquisition plans.

Prior to joining ACG, Mr Carter held a key leadership role at the Frontier Mine (DRC), where he successfully managed a multi-phase expansion, doubling production capacity from 100,000 to 200,000 tonnes per day twice in the period of 20 months. Earlier in his career, he held executive and technical leadership roles at Centerra Gold and True Gold Mining, where he was responsible for the construction and optimisation of large-scale open-pit and heap leach operations in Central Asia, West Africa, and the Americas. Mr Carter holds a degree in Mining Engineering from Montana Tech and an MBA from Queen's University.

Over the course of his career, Mr Carter has led teams through technically complex mining projects and has demonstrated a strong track record of delivering results across emerging and frontier markets. His expertise in both project execution and operational readiness will support ACG as it advances its next phase of development. 

Artem Volynets, Chief Executive Officer of ACG, said:

"Peter's appointment further strengthens our leadership team as we seek to scale ACG's operations and become a leading copper producer on the London market. That we have been able to attract someone of Peter's calibre and experience less than a year after acquiring Gediktepe is testament to our strategy and the hard work of the team we are building.

Peter's unrivalled technical expertise, hands-on operational experience, and track record of delivering complex projects in challenging jurisdictions will make him a valuable addition to our team. We are excited to get to work, particularly as the planned sulphide expansion at Gedikepe progresses on schedule and on budget towards first production in 2026."

- ENDS -

The person responsible for the release of this information on behalf of the Company is Artem Volynets, Chief Executive Officer.

For further information please contact:

Palatine

Communications Advisor

Conal Walsh / James Gilheany/ Kelsey Traynor/ Richard Seed

[email protected]

Berenberg

Research Analysts

William Dalby +44 (0) 20 3753 3243

Richard Hatch +44 (0) 20 3753 3070

Cody Hayden +44 (0) 20 3753 3133

Joint Broker

Jennifer Lee / Natasha Ninkov

+44 (0) 20 3207 7800

Canaccord

Research Analysts

Tim Huff +44 (0) 20 7523 8374

Alex Bedwany +44 (0) 20 7523 8387

Joint Broker

James Asensio / Charlie Hammond

+ 44 (0) 20 7523 80

Stifel

Research Analysts

Andrew Breichmanas +44 (0) 20 3465 1110

Joint Broker

Ashton Clanfield / Varun Talwar

+44 (0) 20 7710 7600

About the Company

ACG Metals is a company with a vision to consolidate the copper industry through a series of roll-up acquisitions, with best-in-class ESG and carbon footprint characteristics.

In September 2024, ACG successfully completed the acquisition of the Gediktepe Mine which is expected to transition to primary copper and zinc production from 2026 and will target annual steady-state copper equivalent production of 20-25 kt. Gediktepe produced 55koz of AuEq in 2024.

ACG's team has extensive M&A experience built through decades spent at blue-chip multinationals in the sector. The team brings a significant network as well as a commitment to ESG principles and strong corporate governance. 

For more information about ACG, please visit: www.acgmetals.com