Salazar Resources Limited · TSXV:SRL
Salazar Resources — PDAC 2025
26 slides from Salazar Resources's conference presentation, Feb 27, 2025
Slide 1: Ecuador's Proven Explorer
TSX-V: SRL Q1 - 2025 OTCQX: SRLZF ECUADOR’S PROVEN EXPLORER EXPLORING FOR GOLD AND COPPER PROJECTS ADVANCING HIGH-GRADE, HIGHLY-PROFITABLE VMS MINE CONSTRUCTION LOCAL KNOWLEDGE + EXPERTISE. EXPERTISE CONSTRUCTION OF EL DOMO STARTED IN JANUARY 2025. DEFINING HIGH-GRADE GOLD AND COPPER TARGETS FOR DRI
Slide 2: Disclaimer
DISCLAIMER FORWARD - LOOKING INFORMATION This presenta�on contains “forward-looking informa�on” within the meaning of applicable Canadian securi�es laws. Forward-looking informa�on is based on the beliefs, expecta�ons and opinions of the SCIENTIFIC AND TECHNICAL management as of the date the stateme
Slide 3: Ecuador Has Untapped Potential for Spectacular Gold and Copper Discoveries
ECUADOR HAS UNTAPPED POTENTIAL FOR SPECTACULAR GOLD AND COPPER DISCOVERIES Cascabel COLOMBIA Llurimagua SIGNIFICANT DEPOSITS IN ECUADOR _ ^ Quito VMS / La Plata Porphyry Epithermal Polymetallic ECUADOR 1985 Llurimagua 1990 Rio Blanco 1990 Tambo Grande 982 Mt @ 0.89% Cu, 0.04% Mo 2.15 Mt @ 9.5 g/t Au
Slide 4: 18 Years of Successful In-Country Management
18 YEARS OF SUCCESFUL IN-COUNTRY MANAGEMENT UNIQUELY WELL-PLACED TO MAKE AND MANAGE THE NEXT MINERAL DEPOSIT DISCOVERY MANAGEMENT BOARD EXPERIENCE Fredy E. Salazar Francisco Soria Merlin Marr-Johnson Mineral Resources discovered with President and CEO Exploration Manager Non-Executive Director the p
Slide 5: 2025 Well Balanced Portfolio
2025 WELL BALANCED PORTFOLIO NESTING THE NEXT MAJOR AU-CU DICOVERY EL DOMO EXISTING PROJECTS NEW PROJECTS MACARA (VMS) New agreement with El DOMO Discovery Potential Silvercorp Metals: 25% stake Signed: Dec.23 2024 2025 -Initial surface -Own 100% exploration work Santiago and Pijili 1 -Community rel
Slide 6: El Domo: Construction Underway
EL DOMO: CONSTRUCTION UNDERWAY SILVERCORP METALS (SVM): BALANCE SHEET AND EXPERIENCE FOR SUCCESSFUL PROJECT EXECUTION In construction, Fully financed, SVM: 20-year track record as profitable -Civil and -Civils and Earthworks Earthworks started started January January 2025 2025 Fully permitted, Unloc
Slide 7: El Domo: Progress as of January 2025
EL DOMO: PROGRESS AS OF JANUARY 2025 UNIQUELY WELL-PLACED TO MAKE AND MANAGE THE NEXT MINERAL DEPOSIT DISCOVERY 2008 2024 2025 2026 1 2 SRL ORIGINAL ENVIRONMENTAL SVM ACQUISITION CONSTRUCTION COMMERCIAL DISCOVERY OF EL DOMO LICENSE SECURES FULL STARTED IN PRODUCTION FROM GRASSROOTS FINANCING JANUARY
Slide 8: Feasibility Study Highlights October 2021
FEASIBILITY STUDY HIGHLIGHTS OCTOBER 2021 SALAZAR HOLDS A 25% STAKE, CARRIED TO PRODUCTION Mineral Resources Mineral Content 737K Oz Au 23Kt Pb 10 Mt @ 5% Cu Eq 14870K Oz Ag 255Kt Zn (P and P reserves:6.5 Mt in Open Pit) 208K t Cu Daily Produc�on Es�mated Taxes, Royal�es and Jobs es�mated 1850 tpd 1
Slide 9: El Domo Is a Valuable Financial Asset for SRL
EL DOMO IS A VALUABLE FINANCIAL ASSET FOR SRL STRONG FUTURE CASH FLOWS FROM 25% SHARE YEAR 1-2 YEAR 3+ 95% - SVM 75% - SVM 13% Net 5% - SRL 25% - SRL ~23,000 Stream Payback at spot TPA CU 20,000 metal prices** EQ.* TPA CU 2 YEARS EQ.* SRL SRL 1,100 TPA CuEq 5,750 TPA CuEq 2.53M lb CuEq 12.65 M lb Cu
Slide 10: SRL 25% El Domo Stake Deeply Discounted
SRL 25% EL DOMO STAKE DEEPLY DISCOUNTED FRESH 100% DISCOVERY TO REDIFINE COMPANY HIGH VALUE PRE-DISCOVERY DISCOVERY STUDY PHASE BUILD OPERATION AUG 2026 “I fully intend to find EL DOMO FINANCED another deposit in Ecuador, and ideally have funding from El Domo to advance NEW explora�on on new PROJECTS
Slide 11: New Portfolio, New Opportunities
NEW PORTFOLIO, NEW OPPORTUNITIES ADDITIONAL - LAND POSITION THROUGH AGREEMENT WITH SVM AND EXPECTED TO CLOSE ON Q1 2025 MACARA (100%) 1 VMS Polymetalic System 90km NE of the VMS Tambo Grande deposit, Peru. Cascabel TG1: 109 Mt tons of 1.6% Cu, 1.0% Zn, 0.5 g/t Au and 22 g/t Ag 77 TG3 (Algarrobos): 8
Slide 12: Macara Project
MACARA PROJECT VMS SYSTEM + HIDROTHERMAL BRECCIAS HOSTED IN PILLOW LAVAS. Licence details: 300 ha + 9088 ha requested Permits for drilling Macara in progress. Tambo Grande LOCATION GEOLOGY Located in Loja province at VMS System with hidrothermal breccias + Stockwork hosted in the South of Ecuador, a
Slide 13: Macara Project
MACARA PROJECT VMS SYSTEM + HIDROTHERMAL BRECCIAS HOSTED IN PILLOW LAVAS. MACARA ROCKS SAMPLE MUESTRA Au (g/t) Ag (g/t) Cu (PPM) 50461 29.60 512.00 132 BR-016 22.56 169.90 79 BR-012 14.12 310.10 93 BR-014 11.12 160.90 252 52126 10.50 172.20 1632 BR-015 7.66 237.80 113 BR-013 7.48 123.50 578 52088 6.
Slide 14: Tarqui Project
TARQUI PROJECT: Cu-Mo PORPHYRY TARGET WITH RELATED HIGH-GRADE CORDILLERAN VEINS Licence details: Panantza 4,815ha. Tarqui Mirador All permits up to date LOCATION GEOLOGY Located in the Zamora Outcropping copper oxide, silicate and sulphide province in the jurassic minerals>1.6% Cu. Well preserved Me
Slide 15: Tarqui Project
TARQUI PROJECT: Cu-Mo PORPHYRY TARGET WITH RELATED HIGH-GRADE CORDILLERAN VEINS VEINS SAMPLE UP TO 3m WIDE DDH 6800 M IN 13 DRILL HOLES SAMPLE Au_ppm Ag_ppm Cu_ppm Mo_ppm 700003 1.369 130.6 3223 16 HOLE FROM TO WIDTH Cu(ppm) Mo(ppm) CuEq (%) 700013 1.732 24.3 585 16 TARQ0001D 0 186 186 2840 10.5 0.3
Slide 16: La Canela Project
LA CANELA PROJECT: EARLY STAGE GOLD PROSPECT IN THE ZAMORA METALLOGENIC BELT Licence details: 2,783 ha Fruta del Norte All permits up to date La Canela LOCATION GEOLOGY 1990 2017 - 2022 ODIN-CAMBIOR LUMINEX 214 ROCKS SAMPLES 261 ROCKS SAMPLES 71 SOILS SAMPLES 21 STREAM SEDIMENTS Located in the Zamor
Slide 17: La Canela Project
LA CANELA PROJECT: EARLY STAGE GOLD PROSPECT IN THE ZAMORA METALLOGENIC BELT Vein (0.7m) 0.3 g/t Au, 51.5 g/t Ag, 1.8% Cu. RX085111 Reduced to pole (RTP) aeromagne�c survey ARTISAN MINING STRUCTURAL MAPPING (Faults, Thrust) Qz Vn carbonate+py±gn±sph Strike NE-SW Q1-2025 ECUADOR’S PROVEN EXPLORER SAL
Slide 18: Santiago Project
SANTIAGO PROJECT: EARLY STAGE COPPER- GOLD IN THE MIOCENE MINERAL BELT Licence details: 2,350 ha. Cangrejos Santiago All permits up to date LOCATION GEOLOGY Located in the province of Cu and Au geochemical anomalies Loja,37km north of the city of with coincident geology, shallow Loja. drilling resul
Slide 19: Santiago Project
SANTIAGO PROJECT: EARLY STAGE COPPER- GOLD IN THE MIOCENE MINERAL BELT HIGH GRADE STRUCTURES SAMPLE Au ROCKS ANOMALY Cu ROCKS ANOMALY SAMPLE STRUCTURE Width (m) Au (g/t) Ag (g/t) Hole # From (m) To (m) Width (m) Au (g/t) Cu (%) CuEq (%) 150556 Veta Qz-Tourm 1.90 1.19 14.3 FUD-01 0.61 323.70 323.09 0
Slide 20: Pijili Project
PIJILI PROJECT: Cu-Au PORPHYRY SYSTEM WITH EPITHERMAL TARGET AREAS Licence details: Pijilí 909ha. Chaucha All permits up to date Ve�lleum-stockwork + dyke intrusive breccia, iron LOCATION GEOLOGY oxides+fine disseminated magne�te; 0.3 - 0.8 g/t Au Located in the west of the province Cu-Au-Mo surface
Slide 21: Pijili Project
PIJILI PROJECT: Cu-Au PORPHYRY SYSTEM WITH EPITHERMAL TARGET AREAS MERCY DRILL HOLES Au Cu Mo CuEq DDH WIDTH (g/t) (%) (ppm) (%) Cu SOIL ANOMALY MERC-001 19 0.57 0.15 929 1.17* MERC-002 143 0.05 0.23 92 0.32* MERC-004 63 0.06 0.29 64 0.38* 430Mt@0,35% Cu y 0.022% Mo MERC-008 28 0.16 0.19 19 0.35* ME
Slide 22: Contact
Contact: Email: ir@salazarresources.com Phone: +1 604 685 9316 www.salazarresources.com
Slide 23: El Domo – Resources
EL DOMO – RESOURCES Open Pit Resources 10 Mt @ 5% Cu Eq Reserve Tonnes Cu Pb Zn Au Ag Cu Pb Zn Au Ag Category (Mt) (%) (%) (%) (g/t) (g/t) (kt) (kt) (kt) (koz) (koz) Mineral Resources Proven 3.1 2.50 0.2 2.3 2.83 41 78.4 6.7 72.0 285 4,175 Probable 3.3 1.39 0.3 2.67 2.23 50 46.4 9.4 89.4 240 5,342 7
Slide 24: El Domo – Resources
EL DOMO – RESOURCES Table 1a. Total Mineral Resources for El Domo, Curipamba Project - October 26,2021 (sum of table 1b and 1c) Table 1a. Total Mineral Resources for El Domo, Curipamba Project - October 26,2021 (sum of table 1b and 1c) Reserve Tonnes Cu Pb Zn Au Ag Cu Pb Zn Au Ag Reserve Tonnes Cu P
Slide 25: Working Toward 2030 SDGs
WORKING TOWARD 2030 SDGs U.N. SUSTAINABLE DEVELOPMENT GOALS ARE INTEGRAL TO OUR WORK Projects for the economic and social Projects to strengthen family skills, Technical assistance and processes to inclusion of the popula�on in social cohesion and use of free reduce emissions: vulnerable situa�ons:
Slide 26: www.salazarresources.com
© SALAZAR RESOURGES LTD. www.salazarresources.com