Heliostar Metals Ltd · TSX:HSTR
Heliostar Metals — Q2 2026 Earnings Presentation
18 slides from Heliostar Metals's earnings presentation, Aug 10, 2026
Slide 1: Speed. Grade. Growth.
Speed. Grade. Growth. August 10, 2026 TS X.V: HS TR OTCQX: H STXF FR A: RGG TSX .V: H STR O TCQ X: HSTX F 1
Slide 2: Cautionary Statement
Cautionary Statement This presentation contains certain statements that may be deemed “forward-looking statements”. All statements in this presentation, other than statements of historical fact, that address future operations, resource potential, exploration drilling, exploitation activities and eve
Slide 3: Ambition: Becoming a Mid Tier Gold Producer
Ambition Becoming a Mid Tier Gold Producer “Heliostar aims to be a premier precious metals growth company; producing more than 500,000 ounce of gold per year by 2030. Building mines in the 100-250kozpa production space has been abdicated by the major mining companies. Gold deposits regularly grow la
Slide 4: Record Q2 Results
RECORD Q2 RESULTS AU PRODUCED AG PRODUCED MINE OPERATING EARNINGS 14,803 OZ 79,710 OZ $31.1M LA COLORADA NET INCOME CASH WORKING CAPITAL $8.0M $43.0M $45.9M TSX .V: H STR O TCQ X: HSTX F
Slide 5: Our Portfolio
Our Portfolio A Strong 100% Owned Pipeline La Colorada Mine San Agustin Mine Ana Paula Project Cerro del Gallo Project Goldstrike Staged Growth Projects Steady State Cashflow Primary Development Project Second Development Project Pipeline Development Project • Added 6 years of mine life • Received p
Slide 6: Quarterly Operating Results
Quarterly Operating Results 14.8 koz Au • Q2 production of 14,803 ounces 15 koz with sales of 11,960 ounces 11.7 koz Au • YTD cash costs of $1,630/oz and 10.2 koz Au AISC of $2,155/oz on track to San Agustin 8.8 koz Au 8.9 koz Au Mine achieve guidance 8.2 koz Au 10 koz 7.3 koz Au • San Agustin mine
Slide 7: Financial Results
Financial Results Three months ended June 30, 2026 Mine Operating Earnings Continued to increase cash balance while Revenue: investing in growth $56.5 million $31.1 million • Generated $8.0 million ($0.03 per share) in Net Income Earnings: Working Capital: $0.03 per share $45.9 million • Working cap
Slide 8: 2026 Guidance
2026 Guidance Gold Production Silver Production Cash Cost1,2 AISC1,2,3,4 Project (Ounces) (Ounces) (/oz Au) ($/oz Au) La Colorada Mine 20,000-22,300 130,000-145,000 $1,650-1,750 $1,775-1,875 San Agustin Mine 30,000-32,700 160,000-175,000 $2,000-2,100 $2,150-2,250 Consolidated 50,000-55,000 290,000-3
Slide 9: La Colorada Mine
La Colorada Mine 2026 Production 2026 Cash Cost 2026 AISC Continued strong production while setting Guidance: Guidance: Guidance: up for next phase of growth 20,000-22,300 oz Au $1,650-1,750 per oz Au $1,775-1,875 per oz Au • Produced primarily from injection leaching previously stacked ore on the l
Slide 10: La Colorada Mine
2028 - 2031 La Colorada Mine 2026 Creston Pit Reserve - 311koz Au @ 0.77 g/t Leach Pad Underground Potential Injection Leaching ADR Plant Gran Central Pit Crushing Circuit Underground Potential 2027 Veta Madre Pit Reserve – 48koz Au @ 0.71 g/t Veta Madre Plus Engineering H1 2026 Pre-stripping H2 202
Slide 11: Exploration Targets
Exploration Targets 2026 exploration budget of $5.8M on resource expansion and regional exploration La Esmeralda Tinajitas Window through post mineral cover with strong La Verde alteration, historic workings and a geochemical signature Soils Target 2km long, high-grade, coherent, gold in soils Tinaj
Slide 12: San Agustin Mine
San Agustin Mine 2026 Production 2026 Cash Cost 2026 AISC Guidance: Guidance: Guidance: Steady state production driving cash flow 30,000-32,700 oz Au $2,000-2,100 per oz Au $2,150-2,250 per oz Au through 2026 and beyond • Mining of Corner Reserve Area ongoing • Low grade stockpiling strategy maximiz
Slide 13: San Agustin Oxide Growth and Sulphide Exploration
San Agustin Oxide Growth and Sulphide Exploration • 15,000-18,000m drill program ongoing with goal of extending mine life • Results from Corner Expansion target include: o 35.0m at 0.40 g/t AuEq o 19.8m at 0.60 g/t AuEq o 53.3m at 0.27 g/t AuEq • Phase 3 SW results include: o 16.8m at 0.32 g/t AuEq
Slide 14: Ana Paula Project
Ana Paula Project Production: Cash Operating Cost: AISC: Priority Development Project 101 koz/yr post $709 per oz $1,011 per oz ramp up • Purchased in 2023 for US$10M with over US$100M invested into the project • 84-person camp, surface rights ownership, strong local Grade: support, portal and 412m
Slide 15: Exploration Potential
Exploration Potential Expansion Zone drilling success points to significant upside potential • Northern Targets emerging as open zones of mineralization tested with recent 10,000m drill program • Satellite mineralization to the High-Grade Panel presents near-mine resource growth opportunities • Decl
Slide 16: Goldstrike Project
Goldstrike Project Pipeline Development Project Location: Stage: Metals: Utah, USA Resource Gold, Antimony • Low cost, staged acquisition of a gold development project in the Great Basin • Diversifies portfolio into premier mining jurisdiction in USA • Gold Exploration Upside: Resource growth potent
Slide 17: Heliostar News Flow
Heliostar News Flow ✓ Ana Paula ✓ Ana Paula Ana Paula La Colorada La Colorada Step Out Infill Regional Creston Underground Regional Drill Results 2026 2027 2025 2026 ✓ San Agustin ✓ La Colorada San Agustin Goldstrike Ana Paula Oxides Veta Madre Plus Sulphides Antimony Ridge Expansion Zone ✓ Cerro De
Slide 18: Thank you
Thank you Heliostarmetals.com info@heliostarmetals.com TSX.V: HSTR OTCQX: HSTXF TSX .V: H STR O TCQ X: HSTX F 18