Pan Global Resources Inc. · TSXV:PGZ
Pan Global Resources — Investor Presentation (June 2026)
36 slides from Pan Global Resources's investor presentation, June 2026
Slide 1: Copper & Gold Exploration and Discoveries in Spain
Copper & Gold Exploration and Discoveries in Spain Copper, Gold, Silver, Critical Metals Investor Presentation June 2026 TSXV: PGZ | OTCQB: PGZFF | FRA: 2EU www.panglobalresources.com
Slide 2: Cautionary Statement & Technical Information
CAUTIONARY STATEMENT & TECHNICAL INFORMATION Forward Looking Statement Estimates of Mineral Resources. This Presentation contains "forward-looking statements". These forward-looking The terms “Mineral Resource”, “Measured Mineral Resource”, “Indicated Mineral statements are made as of the date of th
Slide 3: Copper: Surging Global Demand Meets a Constrained Supply
COPPER: SURGING GLOBAL DEMAND MEETS A CONSTRAINED SUPPLY - 44% Declining South America copper ore grades since 2000 1.3% fallen to 0.7% 17 Years Average time from discovery to production New mines cannot be bought online quickly enough TSXV: PGZ | OTCQB: PGZFF | FRA: 2EU 3
Slide 4: Copper: Growing Supply Deficit
COPPER: GROWING SUPPLY DEFICIT CAGR = 2.3% per year (Historical 30-year CAGR = 2.9%) Note: * Direct-use scrap – scrap gap emerging based on 2025 recovery rates (indicating recovery rates will need to grow. ** Recovered copper basis – excludes any production discruption adjustment. Source: Wood Macke
Slide 5: Higher Copper Price: Industry Cannot Move Fast Enough
HIGHER COPPER PRICE: INDUSTRY CANNOT MOVE FAST ENOUGH “Copper is one disruption away from $20,000 per tonne” Andy Denman – The Mining Podcast Disruption could shift prices sharply Long-term consensus: $12,000 to $15,000/t Copper all time high Jan-2026: $14,527.50/t (~$6.60/lb) TSXV: PGZ | OTCQB: PGZ
Slide 6: Board of Directors – Quality, Experience, Track Record
BOARD OF DIRECTORS – QUALITY, EXPERIENCE, TRACK RECORD Patrick Evans – Chairman : Company Maker, M&A Roger Davey – Director : Mining & Finance • 40+ years senior mining leadership and M&A experience • 40+ years operational and management experience in mining in Europe, • Led more than a dozen mining
Slide 7: Leadership Team – Professional, Depth, and at All Stages
LEADERSHIP TEAM – PROFESSIONAL, DEPTH, AND AT ALL STAGES TIM MOODY – President, CEO and Director JASON MERCIER – Vice President Investor Relations • 35+ years in mineral exploration, resource assessment, business development and • 25+ years investor relations and communications experience in the min
Slide 8: Pan Global Resources – A Compelling Investment Case
PAN GLOBAL RESOURCES – A COMPELLING INVESTMENT CASE Cármenes Why Invest in PGZ: New Gold Mining district Discovery Cu Ni Co Au Proven team Multi-discovery track record in Spain New gold discovery at Cármenes SPAIN Madrid La Romana maiden Resource Defined Copper-Tin Resource Top-tier jurisdiction Inf
Slide 9: Escacena Project - Iberian Pyrite Belt
ESCACENA PROJECT - IBERIAN PYRITE BELT World’s largest concentration of VMS ore Infrastructure is a significant cost advantage deposits PORTUGAL Aguas Teñidas SPAIN Lomero Poyatos Magdalena Denarius Sandfire Sandfire Matsa Surrounded by large mines & mine operators La Zarza Riotinto La Romanera Atal
Slide 10: Escacena Project – Mt Objective from Multiple Deposits
ESCACENA PROJECT – 100 MT OBJECTIVE FROM MULTIPLE DEPOSITS Reported resources vs contained Cu metal Based on most recently published data available* La Romana maiden Resource 180 Mt 1,200 kt x 1000 High confidence 90% Measured & Indicated 165 Mt 1,100 kt Measured La Romana MRE 150 Mt resources M+I 3
Slide 11: Escacena Project – Maiden Mineral Resource
ESCACENA PROJECT – MAIDEN MINERAL RESOURCE 0.44% CuEq grade - Competitive with Operating Open-pit mines in Spain Sensitivities at lower cut-off typical for open-pit mining La Romana Cut-off Grade Sensitivity (Illustrative Only): in the area indicates significantly higher tonnage and ▪ 0.15% Cu: 48.9
Slide 12: Grades Well Aligned with Bulk-Tonnage Open-Pit Systems in the IPB
GRADES WELL ALIGNED WITH BULK- TONNAGE OPEN-PIT SYSTEMS IN THE IPB Grades are similar or better than open-pit mines & development VMS projects in Spain Typical grades 0.3-0.5% Cu, cut-off 0.15-0.20% Cu MRE grade 0.37% Cu (0.44% CuEq), In-Pit La Romana grade 0.39% Cu (0.50% CuEq) Cerro Colorado mine
Slide 13: La Romana: Iberian Pyrite Belt Deposit Depth Comparison
LA ROMANA: IBERIAN PYRITE BELT DEPOSIT DEPTH COMPARISON PGZ First MATSA (Sandfire) Boliden Cerrado Depth Atalaya Atalaya Depth La Romana Quantum Gold 0m 0m Sotiel Top of Gossan Cerro Colorado La Romana: -150m Mines base of pit 400m Lagoa Salgada Copper From Base of pit -250m? 120-400m below surface
Slide 14: La Romana – Best-in-Region Copper Metallurgy
LA ROMANA – BEST-IN-REGION COPPER METALLURGY Metallurgical Cu recovery vs Cu concentrate grade Metallurgy tests set La Romana apart Based on most recently published data available* La Romana Pan Global 88% 32.5% Cu Recovery (up to) Peak Concentrate Grade 60%+ Tin concentrate grade & recovery – criti
Slide 15: La Romana Superior Concentrates, Value, ESG Benefits
LA ROMANA SUPERIOR CONCENTRATES, VALUE, ESG BENEFITS La Romana - Clean Concentrate Advantage SPAIN Copper Recovery Concentrate Grade Trucks to deliver (Owner – Mine/Project) (%) (Cu %) 1000-tonnes of Cu in Huelva (Local) Mine concentrates Smelter / Port 0 20 40 60 80 0 10 20 30 Atalaya – Touro Proje
Slide 16: Cañada Honda: Large Copper/Gold Target
ESCACENA PROJECT: CAÑADA HONDA: LARGE COPPER/GOLD TARGET Drill results: A Cañda Honda Target long section A’ CHD12 : 17m @ 1.6g/t Au, incl. 11m @ 2.4g/t Au CAÑADA HONDA: Untested Geophysics and Cu-Au Drill CHD08 : 14m @ 0.8% Cu, 0.4g/t Au, 4g/t Ag, incl. Resistivity Low Intercepts coincident 6.8m @
Slide 17: Escacena Expanded – Surrounded by Operating Mines
ESCACENA EXPANDED – SURROUNDED BY OPERATING MINES Key strategic land position surrounded by larger mining companies/investment groups “Escacena Project” 15,000 ha Cañada Honda Aznalcóllar Los Frailes La Romana TSXV: PGZ | OTCQB: PGZFF | FRA: 2EU 17
Slide 18: Escacena Project – Multiple Untested Targets
ESCACENA PROJECT – MULTIPLE UNTESTED TARGETS 15+ Untested gravity targets DISCOVERY La Romana Cu-Sn-Ag discovery coincident with a gravity target SCALE Multiple New Multiple large untested targets Gravity Targets pathway to scale GEOLOGY VMS deposits typically occur in clusters TSXV: PGZ | OTCQB: PG
Slide 19: Escacena South: Trinidad & Carmen Targets
ESCACENA SOUTH: TRINIDAD & CARMEN TARGETS Budget includes multiple drillholes at the Trinidad and Carmen targets Gravity Anomaly Map Airborne Magnetics Trinidad & Carmen Cortijo Target La Romana Mine Workings Mine Workings La Romana Trend TSXV: PGZ | OTCQB: PGZFF | FRA: 2EU 19
Slide 20: Escacena South – Trinidad & Cármen Targets
ESCACENA SOUTH – TRINIDAD & CÁRMEN TARGETS Historical Mine Workings*, High Rock + Soil Geochemistry and Gravity Anomaly Soil Soil Copper Pb + Zn * Results are historical in nature and have not been sampled using current geological methodology. There is no assurance that future Pan Global results wil
Slide 21: Escacena South: Historical At-Surface Workings Over 1km
ESCACENA SOUTH: HISTORICAL AT-SURFACE WORKINGS OVER 1KM Escacena South borders La Romana copper-tin-silver deposit ~1km surface length characterized by multiple mine workings, surface copper indications, gossan, massive sulfides on mine dumps at Carmen target (center) TSXV: PGZ | OTCQB: PGZFF | FRA:
Slide 22: Escacena Project: Clear Pathway to Development
ESCACENA PROJECT: CLEAR PATHWAY TO DEVELOPMENT December 2025 Maiden NI 43-101 Mineral Resource ▪ 10,000-m drill plan in 2026 across Escacena and Cármenes Projects ▪ Expand and add to resource base near-term ▪ Fast-track development opportunities La Pantoja core sample La Romana (target adjacent to L
Slide 23: Cármenes Project: High Grade Gold, Copper, Nickel +
CÁRMENES PROJECT: HIGH GRADE GOLD, COPPER, NICKEL + Providencia Target – First Target • Historical mining area – Cu, Co, Ni • Underground channel shows high- grade Cu-Ni-Co sulfide remains open • Wider zone highly anomalous gold in >5,600 Ha soils over 300m x 150m breccia 55km Trench and channel sam
Slide 24: Providencia Target: First Drillholes Confirm Gold Discovery
PROVIDENCIA TARGET: FIRST DRILLHOLES CONFIRM GOLD DISCOVERY 46m @ 1.08 g/t Au - Drillhole PVD02 34m @ 3.01 g/t Au - Drillhole PVD06 37m @ 3.11 g/t Au - Gallery 1 Channel sample 20m @ 1.74 g/t Au - Surface trench 5m @ 20.18 g/t Au – Surface channel TSXV: PGZ | OTCQB: PGZFF | FRA: 2EU 24
Slide 25: Pan Global Exploration Plan
PAN GLOBAL EXPLORATION PLAN Focus on adding new discoveries to add value 35+ Holes 10,000 m Escacena Project Cármenes Project 1 La Romana resource expansion, 1 Advance gold and multi-metal optimisation & economic studies targets in Northern Spain 2 Drill test new targets to add / 2 Drilling to delin
Slide 26: Pan Global Comparable: Significant Re-Rating Potential
PAN GLOBAL COMPARABLE: SIGNIFICANT RE-RATING POTENTIAL La Romana MRE: Largest Measured Resource, Clear development and growth pathway MARKET CAP CAD $71 M CAD $78 M CAD $94 M CAD $120 M CAD $123 M COMPANY DEPOSIT Sombrero La Romana La Romanera B26 Murray Brook LOCATION Peru Spain Spain Canada Canada
Slide 27: Pan Global – Supportive Global Shareholder Base
PAN GLOBAL – SUPPORTIVE GLOBAL SHAREHOLDER BASE COMPANY STATISTICS (as of June 15, 2026) Shares Outstanding 409.26M Warrants* 28.35M Options/RSUs/DSUs 29.29M Shares Fully Diluted 466.9M Market Cap @ $0.21 (CAD$M) $85.9M 52-Week Trading Range (CAD$) $0.10 – 0.25 90 Day Average Daily Volume 392,495 Ca
Slide 28: Scaling Discoveries
SCALING DISCOVERIES PanGlobalResources PanGlobalResources Building value the Iberian Pyrite Belt PanGlobalResources PanGlobalResources Suite 700 – 838 West Hastings Street Vancouver BC, V6C 0A6, Canada PanGlobalSpain PanGlobalSpain T: +1-236-886-9518 E: investors@panglobalresources.com Pan Global Re
Slide 29: Appendix & References
APPENDIX & REFERENCES TSXV: PGZ | OTCQB: PGZFF | FRA: 2EU
Slide 30: Our Values: A Sustainable Company
OUR VALUES: A SUSTAINABLE COMPANY ESG INITIATIVES A member of the United Environment Social Governance Nations Global Compact since Oct 2022; the only exploration • Energy efficiency • Stakeholders • Transparency company in Spain so committed • Water use • Community relations • Ethical behaviour • L
Slide 31: La Romana – Mineral Resource Remains Open for Expansion
LA ROMANA – MINERAL RESOURCE REMAINS OPEN FOR EXPANSION Plan View In-pit Resource (stand-alone basis) Pit Outline Total Resources • Open several directions >0.2 % Cu cut-off • Highly favourable grade distribution and geometry In-Pit Outside-Pit • Low strip 2.8:1 • Potential to grow Pit Dimensions Cu
Slide 32: Copper Included in the European Critical Raw Materials Act
COPPER INCLUDED IN THE EUROPEAN CRITICAL RAW MATERIALS ACT European Critical Raw Materials Act – March 2024 A European Union regulation establishes a framework to ensure a secure and sustainable supply of critical raw materials for EU members Potentially beneficial actions under the Critical Raw Mat
Slide 33: La Romana Metallurgical Study Summary
LA ROMANA METALLURGICAL STUDY SUMMARY • Copper concentrate containing 26% to 32% Cu and 102 ppm Ag with an expected recovery of over 88% • Tin concentrate containing 63% Sn with an expected recovery of over 60% • Ore classified as medium-hard to crush and grind • Low grinding energy requirements due
Slide 34: References: Notes to Escacena Project Mineral Resources
REFERENCES: NOTES TO ESCACENA PROJECT MINERAL RESOURCES CuEq: Copper equivalent; g/t: Grams per tonne; kt: Thousand tonnes; ppm: Parts Per Million; Mt: Million tonnes; Moz: Million ounces; koz: Thousand ounces Estimation Methodology: The MREs for La Romana and Cañada Honda were prepared by Orelogy C
Slide 35: References: Notes to Escacena Project Mineral Resources
REFERENCES: NOTES TO ESCACENA PROJECT MINERAL RESOURCES Atalaya Mining plc 2022-09-16 – “Technical Report on the Riotinto Copper Project” Submitted date: 2022-10-05 Source: SEDAR 2023-03-27 – “Preliminary Economic Assessment. Proyecto Riotinto, Huevla Province, Spain” Effective date: October 31, 202
Slide 36: References: Copper Company Comparison
REFERENCES: COPPER COMPANY COMPARISON Pan Global Resources Inc. 2025-12-31 – "Pan Global Announces Maiden Mineral Resource Estimates for the Escacena Project in the Iberian Pyrite Belt, Spain" Effective date: December 31, 2025. Filing date: February 12, 2026. Source: SEDAR+ https://cdn.prod.website-
Pan Global Resources — Investor Presentation (June 2026) on 6ix