Dynacor Group Inc · TSX:DNG
Dynacor — Merger or Acquisition (July 2025)
11 slides from Dynacor's merger presentation, Jul 8, 2025
Slide 1: Acquisition of Arkham Metals SAS (Ecuador)
Acquisition of Arkham Metals SAS (Ecuador) July 8, 2025 TSX:DNG
Slide 2: Caution Regarding Forward-Looking Statements / Non-IFRS Measures
CAUTION REGARDING FORWARD-LOOKING STATEMENTS / NON-IFRS MEASURES ❑ Statements contained in this presentation that are not historical facts are regarded as forward-looking statements. These statements may involve risk, uncertainties and other factors that could cause actual results to differ material
Slide 3: Introducing the Svetlana Plant
INTRODUCING THE SVETLANA PLANT ❑ Portovelo, El Oro, Ecuador Location ❑ 600 km SE of Quito ❑ Elevation: +850m above sea level Land package ❑ 33 hectares Processing method ❑ Carbon in pulp (CIP) Our secret sauce ❑ Gravity recovery system with comes Plant from deep leaching and CIP circuits and design
Slide 4: Transaction Summary
TRANSACTION SUMMARY Transaction ❑ Dynacor has signed a share purchase agreement to acquire “Svetlana’, the Arkham Metals SAS processing plant and assets in Portovelo, Ecuador. ❑ 100% equity interest from Pelorus Minerals Limited, wholly owned subsidiary of Arkham Metals Limited Australia. Considerat
Slide 5: New Plant Will Enhance Operating Footprint
NEW PLANT WILL ENHANCE OPERATING FOOTPRINT Consistent with plan to become a multi-asset gold processor: ❑ Fully funded, permitted processing plant, that following initial ramp-up, is expected to increase annual production by >75,000 oz (300 tpd)¹ ❑ Strategic acquisition of Dynacor’s second processin
Slide 6: Acquisition Rationale and Benefits
ACQUISITION RATIONALE AND BENEFITS Strategic rationale Other considerations Adds a second, permitted processing plant in a location Expands presence into a new jurisdiction: with significant ASGM miners • Operating history Adds up to +75K AuEq oz to annual production profile • Maintenance staff; new
Slide 7: Svetlana Mill Overview
SVETLANA MILL OVERVIEW Operations ❑ Intermittent operations between 2011-2020; commercial production reached in Q4-2013 ❑ In 2018, a total of 249,753 tonnes were mined, and 21,748 oz Au produced (3.02 g/t). ❑ Sold to Titan Minerals Ltd. in Feb 2020 and placed in care and maintenance. ❑ In July 2021,
Slide 8: Current Plant Flowsheet
| CURRENT PLANT FLOWSHEET COARSE FRAGMENT! +1 PRIMARY JAW CRUSHER VIBRATING SCREEN -«- or = (HORIZONTAL) ees FINE PARTICLES COARSE COLLEcT¢ TANK |_| RICH ORE 6 LEACHING TANKS CHARGED SOLUTION INTENSIVE AIR FINES — CYANIDE OVERFLOW : COARSE - as UNDERFLOW CARBON DESORPTION REFINING oe fos v CHEMICAL
Slide 9: Ecuador's Strong ASGM Potential
ECUADOR’S STRONG ASGM POTENTIAL Svetlana located in the heart of Ecuador’s gold processing ecosystem: ❑ Existing gold processing plants are predominately located in Zamora 85%¹ OF NATIONAL GOLD 100K+ ASGM MINERS Chincipe, Azuay, El Oro, Tungurahua, Cotopaxi and Guayas PRODUCTION FROM ASGM ❑ Portovel
Slide 10: 2025 Priorities
2025 PRIORITIES Upgrade processing plant: ❑ Assess mechanical equipment, electrics, site, structural and buildings, piping and foundations for upgrade. ❑ Review flowsheet, mass and water balance, and design criteria. ❑ Conduct an in-depth evaluation of optimal upgrade solutions for equipment and man
Slide 11: Questions on Ecuador?
QUESTIONS ON ECUADOR? investors@dynacor.com 514.393.9000 #236 www.dynacor.com 11