Slide 1: High-Grade Chibougamau Copper-Gold Project Updated Mineral Resource Estimate
For personal use only High-Grade Chibougamau Copper-Gold Project Updated Mineral Resource Estimate October 2025 ASX: OTCQB: CY5 CYGGF TSXV: CYG
Slide 2: Cautionary Statements
Cautionary Statements This presentation contains summary information about Cygnus Metals Limited (“Cygnus”, “Cygnus Metals” or the “Company”). The information in this presentation is of general background and does not purport to be complete. This presentation has been approved for release by the Exe
Slide 3: Strong Share Register & Funded
Strong Share Register & Funded High News Flow Expected For personal use only Capital Structure1 Current A$0.105 Shares on Issue 1,064M Current Share Price1 A$112M Shareholder Summary3 Market Capitalisation1 Board, Mgt & Advisers 9% Ocean Partners (USA) 10% A$23M Equinox Partners (USA) 12% Cash Posit
Slide 4: High Grade Copper-Gold in Quebec, Canada
High Grade Copper-Gold in Quebec, Canada Near Term Development in a Tier 1 Mining Jurisdiction Chibougamau Copper-Gold Project For personal use only • Building Scale – 193kts CuEq (M&I) + 295kts CuEq (Inferred) • Measured and Indicated Resource of 6.4Mt at 3.0% CuEq and Inferred Resource of 8.5Mt at
Slide 5: Chibougamau 2025 Resource Update
Chibougamau 2025 Resource Update High-Grade Copper and Gold Resource For personal use only Five deposits in Hub and Spoke Model 29% Increased in Contained Metal 98% Increase in Gold Resource 331kt Copper, 621koz Gold & 3.7Moz Silver 78% Increase in Measured and Indicated New Resource at Golden Eye –
Slide 6: Chibougamau 2025 Resource Update
Chibougamau 2025 Resource Update High-Grade Copper and Gold Resource For personal use only Contained CuEq Contained Copper Contained Gold Contained Silver (kt) (kt) (koz) (Moz) 600 350 700 4.0 Five deposits in Hub and Spoke Model 300 600 500 3.0 250 500 29% Increased in Contained Metal 400 200 400 9
Slide 7: Initial Resource at Golden Eye
Initial Resource at Golden Eye With Resource Growth Opportunity High Grade and Open For personal use only ✓ Initial resource high grade gold resource ✓ Indicated: 91koz @ 5.6g/t AuEq & ✓ Inferred: 182koz @ 4.6g/t AuEq ✓ 29% of the Resource in Indicated Category ✓ Resource includes high grade interse
Slide 8: Delivering on Value Creation Strategy
Delivering on Value Creation Strategy The Growth Pathway Achieved in 9 Months For personal use only 2025 2026 Drilling Key Catalysts Q3 Q4 Q1 Q2 Q3 Q4 2 rigs drilling 17,183m Resource Update Resource Growth Contained Metal (+29%) Exploration Drilling Landholding Resource 282km2 (+50%) Conversion Res
Slide 9: Overview of Chibougamau Project
Overview of Chibougamau Project A Hub and Spoke Model For personal use only Welcome to the Chibougamau Project, Quebec, Canada Cygnus Metals Fly Through Video cygnusmetals.com/wp-content/uploads/2025/10/Chibougamau Aug2025.mp4 Click Link 9
Slide 10: Resource Growth Opportunities
Resource Growth Opportunities Proven Growth with 29% Resource Increase AI Compilation Targeting Geophysics Systematic Drilling For personal use only Historic 1 Production Lack of 2 Consolidation 3 Underexplored No Modern 4 Geophysics Quality 5 Deposits High Grade 6 Intersections 7 Copper, Gold & Sil
Slide 11: Chibougamau Infrastructure in Place
Chibougamau Infrastructure in Place Fast Tracked for Development Chibougamau Project Infrastructure For personal use only 900ktpa Processing Facility + TSF (replacement value +C$150M) The Town of Chibougamau Population ~7,500 Mining Training Centre + Local Airport, Regional Railway, Highways, Hydro
Slide 12: Pathway to Production
Pathway to Production Well Supported and Advanced Studies High Quality Concentrate For personal use only Enclosed Processing Facility Floatation Cells and Thickener • Excellent copper recoveries1 of 98.2% and 96.8% • High-quality copper concentrate grades1 of 27.0% and 29.6% • Highly commercial qual
Slide 13: Regional Overview
Regional Overview Opportunity for Consolidation For personal use only Only Base Metals Processing Infrastructure within 250km • Chibougamau Project has the only processing infrastructure in the region • Next closest due for construction is Goldfields’ Windfall Project • Access for additional ore sou
Slide 14: Cygnus Value Proposition
Cygnus Value Proposition An Opportunity to Create Significant Shareholder Value For personal use only Chibougamau Copper-Gold Upside and Growth Team with Strong Track Fully Funded with Project Opportunities Record Access to Capital • High-grade copper gold in • 2 drill rigs on site • Strong Cu and A
Slide 15: Proven Track Record of Success
Proven Track Record of Success Led by a team that has created significant shareholder value from exploration, development and production For personal use only David Southam Ernest Mast Kevin Tomlinson Mario Stifano Raymond Shorrocks Brent Omland Executive Chairman President and Non-Exec Director Non
Slide 16: Contact
For personal use only ASX: CY5 / TSXV: CYG Contact: info@cygnusmetals.com Phone: +61 8 6188 1627 www.cygnusmetals.com
Slide 17: Additional Information
For personal use only Additional Information * Image of drill hole CB-20-17 from 973m to 981m. Refer to CY5 ASX release dated 15 October 2024. Appendix A: Mineral Resources Appendix B: Sources of Information 17
Slide 18: Appendix A: Mineral Resource
Chibougamau 2025 Resource Update High-Grade Copper and Gold Resource Average Grade Contained Metal Appendix A: Mineral Resource COG CuEq Tonnage For personal use only Cu Project Classification Cu Au Ag CuEq AuEq Cu Au Ag CuEq AuEq Notes: % Mt % g/t g/t % g/t kt koz koz kt koz 1. Cygnus’ Mineral Reso
Slide 19: Appendix B: Sources of Information
Appendix B: Sources of Information Source for historic production figures: For personal use only Leclerc. F, Harris. L. B, Bedard. J. H, Van Breeman. O and Goulet. N. 2012, Structural and Stratigraphic Controls on Magmatic, Volcanogenic, and Shear Zone-Hosted Mineralization in the Chapais-Chibougama