Pasinex Resources Ltd. · CSE:PSE
Pasinex Resources — Investor Presentation (August 2026)
51 slides from Pasinex Resources's investor presentation, August 2026
Slide 1: Compelling Investment
CSE : PSE | FSE : PNX COMPELLING INVESTMENT High Reward and Potential Mining and Exploration Phenomenal High-Grade Zinc (30 TO 50%) Open to Investment Low Economic Risk Low Capital Quick to Cash Flow 1
Slide 2: Disclaimer
Disclaimer The information contained in this presentation is provided by Pasinex Resources Limited. (“Pasinex”) for informational purposes only and does not constitute an offer to issue or arrange to issue, or the solicitation of an offer to issue, securities of Pasinex or other financial products.
Slide 3: High Intrinsic Value of the Ore in the Ground
High Intrinsic Value of the Ore in the Ground Ore Zinc Grade ~Value of 1 tonne of Zinc Ore ~Copper Ore Grade Equivalent % 50% $1,540 USD 12.7% 40% $1,230 USD 10.2% 30% $925 USD 7.6% 10% $308 USD 2.5% 4% $123 USD 1.0% At Zinc prices of $1.40 US per pound and Copper at $5.50 US per pound. Last materia
Slide 4: Grades of 31 to 52% Zinc
Horzum AS in Türkiye Over Past 10 Years Produced • Over 150,000,000 lbs of Zinc as Direct Shipping Material • Sales over $125,000,000 CAD • Cumulative EBITDA of over $60,000,000 CAD • Mining over 200,000 tonnes of Zinc Material Grades of • Over 99,000 Meters of Drilling 31 to 52 % Zinc • Over 17,000
Slide 5: Margins after tax in range of 30 to 50% of sales
Economic Factors • Total costs ~$200 to $300 USD per tonne • Low Capital Costs Direct Shipping Material • Deposits readily accessed by Adits and Declines • Carbonate Hosted Near Surface Margins after tax • Quick path to Cash Flow in range of • High Grade immediately Profitable 30 to 50 % of sales •
Slide 6: Pasinex ESG
Pasinex ESG • Low Environmental Footprint with Underground Mining and Exploration • Infrastructure of Roads, Electricity, and Water in place • Exploration and Operation Permits in place • Good Employee and Community Relations • Good Government Relations and Reputation • International Safety Manageme
Slide 7: Pinargozu
Pinargozu Proven Experience in Mining & Exploring Zinc 3m Pinargozu Zinc Mine Türkiye 3m High Grade Sulphide (50 % Zn) Adana Mersin Port Mediterranean Sea 7
Slide 8: Pinargozu - What is Next?
Pinargozu - What is Next? High Grade Zinc Detected in Deeper Portion-18 Months Plan SE NW Production Area Starting point Level 582m Target Area 541 Adit (Mining & Drilling) Main Adit Project Total 700m (in green) 4000 meters of diamond drilling Intersected 1.5m 43% Zinc sulphide at 425m level Cross-
Slide 9: Sarikaya
Sarikaya The Most Important Carbonate-Hosted Zn-Pb District in Türkiye Known High Grade Zinc Mineralization in Sarikaya Project Looking South Zinc Lead Outcrops Old Adit Workings (Opened in 2024) All mining operations in the future are expected to be by underground methods reducing the footprint of
Slide 10: Sarikaya
Sarikaya High Grade Sulphide Zinc (30-40% Zn) Discovered in 2024 Exploration & Production • 1500 meters drilled with 3 meters of High- Grade Zinc • 180 meters exploration adit and Several 2.8 m locations of Zinc Carbonates and Sulphides • 2,500 tonnes of high-grade Zinc Sulphide material produced 2.
Slide 11: Sarikaya - What is Next?
Sarikaya What is Next? Phase 1: Exploration N • Mapping Lithology, Structure, Alteration and Mineralization Old Workings • Geochemical Sampling and Interpretation Zinc Lead Outcrops • Geophysical Studies of Ground Magnetics, IP/Resistivity • 90 Meter Adit to access 30–40% Zn zone Phase 2: Exploratio
Slide 12: Akkaya Zinc Project
Akkaya Zinc Project Adana/Türkiye - Why Akkaya is Very Prospective Up to Banded ankerite texture 12% Zn in marble (Akkaya) N A Up to 13% Zn Up to 12% Zn Pinargozu banded ankerite texture in Akkaya marble just before ore License (Red Line) B Pinargozu Marble Mine Alteration in Pink Fugutive calcite r
Slide 13: Gunman Zinc Project
Gunman Zinc Project Nevada/USA White Pine County, Nevada, USA • Verified high grade zinc oxides: • 43.9 metres @ 14.2% zinc • 13.7 metres @ 26.1% zinc and 5.6 ounces of silver 13
Slide 14: Gunman
Gunman Exploration Work Completed White Pine • 218 line-kilometers of helicopter Magnetics County, Nevada, USA • 453 Mobile Metal Ion (MMI) samples • 2,078 Ground Gravity Stations Program Planned • Drilling 3,000 meters in 17 holes to investigate: 1. Low Resistivity Anomaly 2. North Zone Gold MMI Ge
Slide 15: About Pasinex
About Pasinex Pasinex has developed strong operational capabilities across: • Exploration • Employee training • Mining • Community and government relations • Commercial sales • Corporate and operations management • Transportation and logistics • Operations in both Türkiye and Canada • Health and saf
Slide 16: Share Ownership (238M Issued and Outstanding)
Share Ownership (238M Issued and Outstanding) Management, Board of Directors and Family 34% 43% High Net Worth Investors Public Investors 23% Stock Listings Canadian Stock Exchange (CSE): PSE Frankfurt Stock Exchange (FSE): PNX 16
Slide 17: Target Properties and Licenses and Türkiye
Target Properties and Licenses and Türkiye • One of the Best Geological Mining Locations in the World • Trusted Pasinex Exploration Team with very positive reputation • Small-Scale private owners exit for family reasons, and the need to grow with advanced exploration and mining systems 17
Slide 18: Rolling-up high grade zinc deposits
Rolling-up step by step high grade Zinc deposits Türkiye of 30 to 50% Zinc Nevada of 14 to 24% Zinc Zinc critical metal 18
Slide 19: Appendix
Appendix 19
Slide 20: Pasinex Management - Canada
Pasinex Management - Canada Ian D. Atacan, Director, Corporate Secretary and CFO Mr. Atacan is an accomplished finance leader with over 25 years of experience in public companies, specializing in corporate strategy, m ergers and acquisitions, and financing. Mr. Atacan is a Chartered Professional Acc
Slide 21: Pasinex Management – Türkiye
Pasinex Management – Türkiye Aydin Sen, MSc, Geology, General Manager and Exploration Manager Pasinex AS. Mr. Aydin Şen brings over 20 years of extensive experience in mineral exploration and project management across Türkiye, Mozambique, West Africa, and beyond. Holding a Master’s degree in Geology
Slide 22: Pasinex Management – Türkiye
Pasinex Management – Türkiye Özlem Altunal, Financial Manager of Pasinex AŞ Ms. Altunal has over twenty years of accounting experience, five years of which has been managing accounting operations for Horzum AŞ. She has represented Pasinex AŞ on the Horzum AŞ Board for three years and brings extensiv
Slide 23: Pasinex Management - Corporate
Pasinex Management - Corporate Corporate Lawyers Dentons LLP in Toronto, Canada and NBB Hukuk Bürosu in Istanbul, Türkiye. Corporate Auditors JC Professional Corporation in Toronto, Canada. 23
Slide 24: Pasinex Board of Directors – Dr. Larry Seeley
Pasinex Board of Directors – Dr. Larry Seeley Dr. Larry Seeley, Executive Chairman who is also CEO of Seeley Group Ltd. Dr. Seeley was with Falconbridge 25 years in roles of Manager of Research, Development and Engineering, Manager Falconbridge Smelter, Director of Sudbury Metallurgical Operations,
Slide 25: Pasinex Board of Director – Jonathan Challis
Pasinex Board of Director – Jonathan Challis Jonathan Challis, Director and Chair of Pasinex AS Jonathan Challis is a mining engineer with over 50 years experience in the operation, management, financing and analysis of m ining projects around the world. Mr Challis has an honours degree in Mineral E
Slide 26: Pasinex Board of Directors – Joachim Rainer & Ian Atacan
Pasinex Board of Directors – Joachim Rainer & Ian Atacan Joachim Rainer, Board Member Mr. Rainer is a businessman and founder of Rainer Beteiligungsgesellschaf GmbH, and as Managing Director, he sources projects, structures companies and investments, and develops the businesses for new upcoming and
Slide 27: Pasinex Board of Directors – Mehmet Kömürcü
Pasinex Board of Directors – Mehmet Kömürcü Dr. Mehmet Kömürcü, Director Dr. Kömürcü is a partner in Dentons’ Toronto office and a member of Dentons’ Corporate Group. He advises Canadian and international clien ts on cross-border M&A, corporate governance, reorganizations, and general corporate matt
Slide 28: Horzum AS Revenue & Gross Margin (CAD)
Horzum AS Revenue & Gross Margin (CAD) Cumulative Total for the period 2015 to 2025: $132,511,560 (Horzum Revenue), $71,059,731 (Gross Margin) $35,000,000 $31,833,371 $30,000,000 $26,029,753 $25,000,000 $20,000,000 $18,014,071 $14,641,163 $15,000,000 $11,658,361 $10,000,000 $8,658,801 $8,721,640 $7,
Slide 29: Pinargozu Sales Profile: Zinc Product Tonnes Sold (Wet)
Pinargozu Sales Profile: Zinc Product Tonnes Sold (Wet) Cumulative Total for the period 2017 to 2025: 119,479 Tonnes Sold (Zinc Oxide), 44,565 Tonnes Sold (Zinc Sulphide) 50,000 47,003 45,850 45,000 40,000 35,000 30,000 27,130 25,000 20,000 15,000 12,070 11,248 10,000 8,620 7,979 5,000 3,601 543 33%
Slide 30: Pinargozu Production: Zinc Product Tonnes Mined (Wet)
Pinargozu Production: Zinc Product Tonnes Mined (Wet) Cumulative Total for the period 2015 to 2025: 211,867 Tonnes Mined 70,000 60,000 57,675 50,000 45,757 40,000 30,000 26,462 20,000 17,812 15,029 13,766 12,123 10,608 10,000 8,061 3,601 973 - 105 33% 119 33% 7633% 38% 21 30%85 40% 69 48% 47% 102 10
Slide 31: Pinargozu Production: Pounds of Zinc Product Mined
Pinargozu Production: Pounds of Zinc Product Mined Cumulative Total for the period 2015 to 2025: 156,137,139 Pounds of Zinc Product Mined 45 39,400,000 40 35 31,016,831 30 25 Millions 20 17,610,000 15 13,877,556 14,230,456 10,476,741 8,943,280 10 7,461,046 8,190,186 5 3,882,091 33% 33% 33% 38% 30% 4
Slide 32: Pinargozu Exploration Drilling
Pinargozu Exploration Drilling Cumulative Total for the period 2015 to 2025: 99,245 Exploration Metres 16,000 14,903 14,000 12,000 11,247 11,590 11,068 10,782 9,345 10,000 8,675 8,000 7,088 7,557 6,526 6,000 4,000 2,000 105 119 76 21 85 69 102 106 126 49 - 2015 2016 2017 2018 2019 2020 2021 2022 202
Slide 33: Pinargozu Mine Development
Pinargozu Mine Development Cumulative Total for the period 2015 to 2025: 17,293 Development Metres 4,000 3,500 3,336 3,000 2,740 2,455 2,500 2,000 1,905 1,933 1,743 1,500 1,352 1,000 1,108 611 508 500 105 119 76 21 85 69 102 106 - 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 H1 2025 Values abov
Slide 34: Pinargozu - Estimated Budget for New Adit & Exploration Drilling
Pinargozu Estimated Budget for New Adit & Exploration Drilling • Opening Adit - $810,000 USD (1,000 meters) • Diamond Drilling - $300,000 USD (4,000 meters) • Operations – $90,000 USD • Total - $1.2 M USD 34
Slide 35: Sarikaya
Sarikaya High Grade Zinc Project in Kayseri/Türkiye Zn-Pb Occurrences N Yahyali-Develi Region most Important Sarikaya Carbonate-Hosted Region • 50 Zinc-Lead Occurrences • Traditionally Local Owners Mine at Shallow Depths • Limited Drilling and Modern Exploration Techniques • Sarikaya (Yellow Rock) 4
Slide 36: Sarikaya - Excellent Infrastructure & Mining Culture
Sarikaya Excellent Infrastructure & Mining Culture • Roads and electrical power • Sarikaya is located • 40 km East of town of Develi (Kayseri) • 190 km to Mersin Port • 350 km to Capital Ankara • 70 km to Kayseri Airport Mersin Port Centerra Gold Mine (Develi Town) • 90 km to Cappadocia • Centerra's
Slide 37: Sarikaya Property - Terms of Purchase
Sarikaya Property - Terms of Purchase • Purchase Completed in November 2025: Acquired 100% of Aydın Teknik A.S. (Sarıkaya license holder) for US$2.6M • Payments: US$1,350K paid; Remaining US$1,250K payable in staged installments through June 2027 • NSR Terms: 8% NSR on sulphide zinc, 5% NSR on carbo
Slide 38: Sarikaya - Budget
Sarikaya Budget (for 18 months) US $ Field Costs-Exploration ( Geological Mapping, sampling, accommodation, travel etc.) 250,000 Geophysical Surveys (IP/R & Ground Mag) 100,000 Geochemistry Analytical (Surface Rock & Soil Samples) 50,000 Tenure Payments 100,000 Opening Exploration Adits (Access road
Slide 39: Akkaya - What is Next?
Akkaya What is Next? • Understand Structures with Geophysical Ground Magnetics • Road and Drill Permits with Environmental Assessment • Drill for Hydrothermal System • Develop Exploration Adits for underground drilling 39
Slide 40: Gunman - A Closer Look at Black Shale & Drill Hole
Gunman A Closer Look at Black Shale & Drill Hole SRDD_2018_04 Modelled as Carbonate Replacement Deposit 4.3% Zinc 8.1% Zinc 5.7% Zinc 0 20 Metres 40
Slide 41: Gunman: Summary Highlights of Drill Assay Results
Gunman: Summary Highlights of Drill Assay Results Core Length Drill Hole # Zn Grade % From (m) Mineralization Interval (m) SRDD-2018-001 43.89 14.2 43.28 Oxide in Limestone Including 13.72 26.1 48.77 Oxide in Limestone SRDD-2018-002 0.61 10.8 60.96 Oxide in Limestone SRDD-2018-004 1.5 4.3 85.65 Oxid
Slide 42: Zinc
Zinc • 1 of 31 Critical Metals needed to transition to a sustainable future (by the WEF & USA Geographical Survey) • Zinc is the fourth most used metal on earth • Used in Galvanizing Steel to reduce rusting in applications such as cars, construction materials, die- casting and alloying with copper t
Slide 43: Zinc Current Consumption
Zinc Current Consumption • The consumption of Zinc is about 12 million tonnes per year. • Only about 34% of the consumption is from recycled Zinc because of the dispersed application of Zinc and because of the long-life applications only a portion of the Zinc can be recycled economically and so ther
Slide 44: 25 Years of the Zinc Price
25 years of the Zinc Price Zinc (USD/T) +300% 4500 2005 2010 2015 2020 2025
Slide 45: Zinc Demand
Zinc Demand Zinc demand is expected to grow significantly in the coming years. By 2030, consumption is forecasted to increase by nearly 700,000 tonnes annually (3-5% per year). This growth is driven by various factors, including its role in energy transition initiatives, such as batteries, wind powe
Slide 46: Zinc Global Market Report 2025
Zinc Global Market Report 2025 Zinc market sales projected to increase by almost 50% in 5 years. $41.76 billion $31.15 $28.28 billion billion 2024 2025 2026 2027 2028 2029 46
Slide 47: Türkiye
Türkiye • Türkiye is a very good jurisdiction for mining with leading edge mining laws, very capable government ministries, very capable geologists, mining engineers, electrical and mechanical capabilities and top-notch lawyers, accountants and administrative and commercial staff and hard-working we
Slide 48: Pasinex's High-Grade Zinc (25%-50%)
Pasinex’s High-Grade Zinc (25%-50%) • The average zinc grade in other deposits worldwide typically ranges from 4% to 10%. This translates to a value of approximately $120-$300 USD per tonne. • Pasinex has 25%-50% high-grade zinc ore deposits. This translates to a value of approximately $900-$1,500 U
Slide 49: Pasinex Low Mining Cost & High Profitability
Pasinex Low Mining Cost & High Profitability • Mining costs range from about $200 to $300 USD per tonne of ore. • Low mining costs results in high margins (30% to 50%) of sales, after tax. • Low economic risk due to the high-grade Zinc deposits. • Significant after-tax margins. • Very high profitabi
Slide 50: Strength & Security
Strength & Security Pasinex is dual listed on the Canadian Stock Exchange (CSE) as PSE and the Frankfurt Stock Exchange (FSE) as PNX. The company over the past 10 years has developed strong operational capabilities in areas such as Exploration, Mining, Commercial Sales, Transportation, Logistics, He
Slide 51: Exciting New Production & Exploration
Exciting New Production & Exploration Promising Production Increases (Next 6-18 Months) Türkiye - Pinargozu Zinc Mine • Deeper Drilling United States NEW Türkiye - Sarikaya Zinc Project Nevada Türkiye • Exploration & Drilling Very Prospective Expansion Potential United States - Gunman Zinc Project P
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