Tinka Resources Limited · TSXV:TK
Tinka Resources — Investor Presentation (January 2026)
26 slides from Tinka Resources's investor presentation, January 2026
Slide 1: Ayawilca Zinc-Silver and Silvia Gold-Copper Exploration Projects in Peru
Ayawilca Zinc-Silver and Silvia Gold-Copper Exploration Projects in Peru Corporate Presentation January 2026
Slide 2: Disclaimer
Disclaimer This presentation does not constitute or form a part of, and should not be construed as an offer, solicitation or invitation to subscribe for, underwrite or otherwise acquire, any securities of Tinka Resources Limited (“Tinka” or the “Company”), nor shall it or any part of it form the bas
Slide 3: Investment Highlights
Investment Highlights AYAWILCA Zinc-Silver-Tin Project: High-grade, zinc-rich polymetallic sulphide resource at advanced exploration (PEA) stage – Tinka to target high- grade extensions and shorten the pathway to production. COLQUIPUCRO Silver Deposit: Potential starter pit <2km from Ayawilca now un
Slide 4: TK: Management and Directors
TK: Management and Directors Executive Chairman: Brandon Macdonald BSc Geology, MBA Geologist with diverse background in exploration geology, mining, capital markets, M&A and finance (Macquarie Bank in London, founding CEO of Fireweed Metals). President and CEO: Graham Carman PhD, FAUSIMM World-wide
Slide 5: TK: Capital Structure
TK: Capital Structure TSX-V: TK OTCQB: TKRFD Shares Issued & 12-month Stock Chart Outstanding 133,657,553 Warrants $0.40 (exp 10/28) 25,959,091 $0.75 (exp 06/26) 1,739,296 Options $0.40 (exp 09/30) 6,600,000 $1.25 (exp 06/26) 1,530,000 Market Cap C$71 M (@ $0.54) Cash (Oct 2025) C$14 M Debt nil Tink
Slide 6: Central Peru: A World-Class Mining Belt
Central Peru: A World-Class Mining Belt AYAWILCA : Antamina Cu Pierina Au ➢ 8,000 hectares of mining concessions held by Tinka Resources SAC - 100% SILVIA gold-copper owned by TK. Raura Zn-Cu AYAWILCA zinc-silver-tin SILVIA : (acquired SILVIA Dec ‘25 SLIDE by NFC China) El Porvenir/Atacocha Zn-Ag-Pb
Slide 7: Regional Geology and Mining Concessions
Regional Geology and Mining Concessions ➢ AYAWILCA: Hosted by Pucara limestone (Jurassic) ➢ COLQUIPUCRO: Hosted by sandstones (Cretaceous) ➢ SILVIA: Hosted by Colquipucro Ag Jumasha limestone (Cretaceous)– same host as Antamina mine TinkaResources.com 7 | TSXV: TK
Slide 8: AYAWILCA: Highlights
AYAWILCA: Highlights ➢ Ayawilca is one of the largest undeveloped zinc-rich polymetallic sulphide mineral resource projects in the Americas. ➢ Zinc : 3.64 billion pounds of zinc (indicated) and 2.91 billion pounds zinc (inferred) in mineral resources. ➢ Silver : 29.5 million ounces (reporting to Pb
Slide 9: AYAWILCA: Mineral Resources
AYAWILCA: Mineral Resources Zinc Zone (2024) ~80 Mt in combined resources ➢ Indicated: 28.3 Mt @ 5.8% zinc, 16.4 g/t silver, 0.2% Based on ~95,000 metres of drilling lead and 91 g/t indium ➢ Inferred: 31.2 Mt @ 4.2% zinc, 14.5 g/t silver, 0.2 g/t lead and 45 g/t indium Tin Zone (2024) ➢ Indicated: 1
Slide 10: AYAWILCA: High-Grade Zinc in Limestones
AYAWILCA: High-Grade Zinc in Limestones ➢ Exceptional drill results from the 2022/23 drill program led to a reinterpretation of the geological model and updated PEA. ➢ Potential for early development focusing on high-grade zinc zones West Ayawilca – massive sulphide bodies (pipes) Selected Drill Res
Slide 11: AYAWILCA: Spectacular Zn Grades
AYAWILCA: Spectacular Zn Grades South Ayawilca: 39 m @ 20% Zn including West Ayawilca: 16 metres @ 22% Zn (A22-220) 10 m @ 42% Zn (A22-202) TinkaResources.com 11 | TSXV: TK
Slide 12: COLQUIPUCRO: Ag Resource - Level Plan / Cross Section
COLQUIPUCRO: Ag Resource - Level Plan / Cross Section Mineral Resource (High grade lenses): Total Mineral 2.9 Mt @ 112 g/t Ag (Indicated) and 2.2 Mt Resources (2016) A’ @ 105 g/t Ag (Inferred); Indicated: 14.3 Moz Ag Mineral Resource (Low grade halo): Inferred: 13.2 Moz Ag 4.5 Mt @ 27 g/t Ag (Indica
Slide 13: SILVIA: Project Highlights
SILVIA: Project Highlights ➢ Property acquired from BHP for 1% NSR royalty and one-off cash payment. ➢ Located 100 km south of Antamina mine (world- class Cu-Zn mine with 7.5 Mt Cu and 5 Mt Zn M&I Resources). ➢ Three main targets identified with sampling/mapping and geophysics (magnetics) over 4 km2
Slide 14: SILVIA: Project Geology
SILVIA: Project Geology ➢ Intrusive rocks (quartz monzonite, diorite, breccia) cut the Cretaceous Jumasha limestone (same host as Antamina) as stocks and dikes. ➢ Multiple zones of Cu-Au mineralization associated with garnet – pyroxene skarn and stockworks within intrusions and limestone. ➢ Multiple
Slide 15: SILVIA: First Drill Program in Progress
SILVIA: First Drill Program in Progress LEGEND TinkaResources.com 15 | TSXV: TK
Slide 16: Key Priorities Moving Forward
Key Priorities Moving Forward Advance Ayawilca Zinc-Silver-Tin Project ➢ Continue exploration to expand and optimize the resource base for zinc, silver, and tin. ➢ Engineering studies and optimization of mine plan to focus on high-grade and rapid advancement to production. ➢ Community engagement to
Slide 17: Environmental, Social and Governance
Environmental, Social and Governance Tinka has established strong relationships with local communities at Ayawilca and Silvia projects ➢ Tinka is committed to fostering long-term sustainable relationships with our stakeholders. ➢ The Company provides environmental and social investments along with e
Slide 18: Contacts
CONTACTS Graham Carman President and CEO Brandon Macdonald Executive Chairman info@tinkaresources.com Tim McNulty Corporate Communications tmcnulty@tinkaresources.com Phone: 1.604.290.8100 Tinka Resources Limited Suite 1305 – 1090 West Georgia St Vancouver, BC V6E 3V7 Canada Phone: 1.604.685.9316 Ti
Slide 19: Appendices
Appendices TinkaResources.com 19 | TSXV: TK
Slide 20: Growing Demand for Zinc
Growing Demand for Zinc Accelerated adoption of renewable energy is leading to growing zinc demand Zinc Use in Renewables (tonnes) 136,000 14,000 66,000 62,000 300 24,000 150,000 162,000 85,000 *Projected / Source: CRU, IRENA 2020 2025 2030* Peru is the 2nd largest global supplier of zinc TinkaResou
Slide 21: Silver / Tin / Indium – Key Critical Metals
Silver / Tin / Indium – Key Critical Metals ➢ Silver – used in ➢ Tin - the highest value of ➢ Indium - key component electronics, solar all the base metals. in flat panel displays and panels, medical ➢ Widely used in touch screens, LCDs, technologies, and electronics and circuit semiconductors, thin
Slide 22: Trans-Andean Magnetics: Highlight Important Mineralizing Faults
Magnetics: Highlight Important Mineralizing Faults ➢ Trans-Andean faults are SILVIA Up to 12% Cu in rocks associated Up to 18.0 g/t Au in rocks N with large mineral deposits in the Andes AYAWILCA ➢ AYAWILCA: Zn + Sn + Ag Mineral Resources 8,000 ha of granted concessions Raura Mine ➢ SILVIA: 10,900 h
Slide 23: AYAWILCA 2024 PEA
AYAWILCA 2024 PEA Annual mine schedule (Zn-Ag-Pb circuit) and conceptual development ➢ 2.0 Mt per annum zinc-silver-lead and 0.3 Mtpa tin underground mine as two separate circuits: ▪ Robust economics: NPV 8% of US$434 million after-tax and IRR of 25.9% after-tax. ▪ Long life-of-mine : 21-year LOM fo
Slide 24: AYAWILCA 2024 PEA - Highlights
AYAWILCA 2024 PEA - Highlights BASE CASE METAL PRICES & EXCHANGE RATE ASSUMPTIONS INPUT VALUE OPERATING SUMMARY Zinc price US$1.30/lb Processing plant throughput Zn/Ag/Pb 2.0 Mt/year Lead price US$1.00/lb Processing plant throughput Sn 0.3 Mt/year Silver price US$22/oz Avg. annual Zn concentrate pro
Slide 25: AYAWILCA Tin Zone Mineral Resource (2024)
AYAWILCA Tin Zone Mineral Resource (2024) Tonnage NSR Grade Contained Metal Classification (Mt) ($/t) (% Sn) (Mlb Sn) Indicated 1.4 99 0.72 22 Inferred 12.7 104 0.76 213 Notes: 1. CIM (2014) definitions were followed for Mineral Resources. 2. The Mineral Resources have been reported within undergrou
Slide 26: AYAWILCA Zinc Zone Mineral Resource (2024)
AYAWILCA Zinc Zone Mineral Resource (2024) Grade Contained Metal Classification/ Tonnage NSR Zone (Mt) ($/t) (% Zn) (g/t Ag) (%Pb) (g/t In) (Mlb Zn) (Moz Ag) (Mlb Pb) (t In) Indicated South 13.8 128 6.64 19.3 0.2 120 2,020 8.6 52 1,655 West 14.5 98 5.05 13.6 0.2 64 1,618 6.3 56 927 Total Indicated 2
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