Pan Global Resources Inc. · TSXV:PGZ
Pan Global Resources — Investor Presentation (December 2025)
31 slides from Pan Global Resources's investor presentation, December 2025
Slide 1: Copper + Gold Exploration and Discovery in Spain
Copper + Gold Exploration and Discovery in Spain Aznalcóllar-Los Frailes Mine Las Cruces Mine Infrastructure ESCACENA PROJECT INVESTOR PRESENTATION December 2025 TSXV: PGZ | OTCQB: PGZFF | FRA: 2EU www.panglobalresources.com
Slide 2: Forward Looking Statement & Qualified Person
This Presentation contains "forward-looking statements". These forward-looking statements are made as of the date FORWARD of this Presentation and Pan Global Resources Inc. does not intend, and does not assume any obligation, to update these forward-looking statements. Forward-looking statements inc
Slide 3: Focus on Exploration & Discovery of Copper & Gold
FOCUS ON EXPLORATION & DISCOVERY OF COPPER & GOLD Flagship Escacena Project – Iberian Pyrite Belt Mining district Cármenes Cu Ni Co Au . Providencia • District has the world’s largest concentration of supergiant . Profunda (100Mt+) volcanogenic massive sulphide (VMS) deposits • Large producing mines
Slide 4: Multi-Target 2025 Exploration Plan
MULTI-TARGET 2025 EXPLORATION PLAN Targeting Discovery of new deposits & Maiden Resource • Multi-target drill program underway at two Projects with two drill rigs currently operating, 30 drillholes (7,000 m) planned • Escacena Project: 1. La Romana expansion, resource delineation drilling – Complete
Slide 5: Progress Update: 2025 Drilling Exceeds Plan, New Gold Discovery
PROGRESS UPDATE: 2025 DRILLING EXCEEDS PLAN, NEW GOLD DISCOVERY 32 drillholes (>7,800m) tested 7 new targets and expansion of La Romana deposit Escacena Project: 1. Extended La Romana trend to 1.7km, higher-grade copper remains open to the NW and down-dip • LRD186 = 8m @ 1.56% CuEq (1.51% Cu, 0.02%
Slide 6: Escacena Project: Advanced Copper Discovery, Strong Upside
ESCACENA PROJECT: ADVANCED COPPER DISCOVERY, STRONG UPSIDE Low-risk profile, high-reward potential • One of the few new copper discoveries in Europe* with potential for production this decade in a rising copper market • Tier 1 location; surrounded by mines and development projects • Supportive admin
Slide 7: Outstanding Location
HUELVA province Aguas Teñidas Magdalena TSXV: PGZ | OTCQB: PGZFF PORTUGAL SEVILLA province Sandfire Matsa Sandfire Matsa FRA: 2EU Lomero Poyatos Denarius Metals Riotinto Atalaya Mining La Zarza OUTSTANDING La Romanera Emerita Resources Tharsis Mining Sotiel-Migollas LOCATION Sandfire Matsa Tharsis L
Slide 8: Escacena Project: High Potential to Add New Copper Discoveries
ESCACENA PROJECT: HIGH POTENTIAL TO ADD NEW COPPER DISCOVERIES • La Romana copper-tin-silver discovery coincident with a gravity geophysics target • VMS deposits typically occur in clusters • Fast-tracked testing of new targets in 2025 Grupo México Escacena Project Minera Los Frailes 730000 735000 7
Slide 9: La Romana: Significant Upside Potential – Open West and At-Depth
LA ROMANA: SIGNIFICANT UPSIDE POTENTIAL – OPEN WEST AND AT-DEPTH • Copper-tin-silver over 1.7 km east-west Block Model CuEq% 1 LONG-SECTION • From-surface to +400 m depth WEST A B EAST • 192 drill holes & 40,000m completed Depth • 0m Expansion/delineation drilling underway CuEq % 1.0 • Advanced meta
Slide 10: La Romana: Iberian Pyrite Belt Deposit Depth Comparison
LA ROMANA: IBERIAN PYRITE BELT DEPOSIT DEPTH COMPARISON Depth PGZ La Romana First Quantum MATSA (Sandfire) Atalaya Boliden Cerrado Gold Atalaya Depth • Mines becoming deeper: 0m 0m higher capex/opex Sotiel La Romana: Top of Gossan -150m Cerro Colorado base of pit 400m • Near-surface is less Mines La
Slide 11: La Romana: Exceptional, Best-in-Region Copper Metallurgy
LA ROMANA: EXCEPTIONAL, BEST-IN-REGION COPPER METALLURGY Metallurgical Cu recovery vs Cu concentrate grade Based on most recently published data available* Metallurgy tests set La Romana apart La Romana • Copper recovery of up to 88% Pan Global • Concentrate grade up to 32.5% Cu • Tin co-product: pr
Slide 12: Escacena Project: Million Tonne Objective via Multiple Deposits
ESCACENA PROJECT: 100 MILLION TONNE OBJECTIVE VIA MULTIPLE DEPOSITS Reported resources vs contained Cu metal Based on most recently published data available* • La Romana maiden Resource in 2025 • Strong foundation to achieve target of 100Mt of resources / 400Kt copper to compete on scale with major
Slide 13: Escacena Project: Cañada Honda: Large Copper/Gold Target
ESCACENA PROJECT: CAÑADA HONDA: LARGE COPPER/GOLD TARGET A Cañda Honda Target long section A’ Drill results: CAÑADA HONDA: • CHD12 : 17m @ 1.6g/t Au, incl. 11m @ 2.4g/t Au Untested Geophysics and Cu-Au Drill • CHD08 : 14m @ 0.8% Cu, 0.4g/t Au, 4g/t Ag, incl. Resistivity Low Intercepts coincident 6.8
Slide 14: Escacena Project: Bravo Target Drilling in Progress
ESCACENA PROJECT: BRAVO TARGET DRILLING IN PROGESS • Wide-spaced drilling on large 2 x 1.5 km target area • Drillholes BRD01 - BRD03 stopped short of potential target, minor sulfide mineralization and alteration • Drillholes BRD04 and BRD05 intersected same rocks that host the La Romana mineralizati
Slide 15: Escacena South: Highly Prospective, Numerous Untested Targets
ESCACENA SOUTH: HIGHLY PROSPECTIVE, NUMEROUS UNTESTED TARGETS • New 4,245-hectare highly prospective mineral rights’ block awarded September 2025 • New mineral rights expand Escacena Project by 74% to more than 10,000 hectares, in key location • Largely unexplored area with numerous untested geophys
Slide 16: Escacena South: Historical At-Surface Mine Workings Over 1km
ESCACENA SOUTH: HISTORICAL AT-SURFACE MINE WORKINGS OVER 1KM • Area of Escacena South borders Escacena Project near La Romana copper-tin- silver deposit • ~1km surface length characterized by multiple mine workings, copper and geological features at surface TSXV: PGZ | OTCQB: PGZFF | FRA: 2EU 16
Slide 17: Escacena Project: Timeline & Development Pathway
ESCACENA PROJECT: TIMELINE & DEVELOPMENT PATHWAY* La Pantoja • First drill results commenced in May from drilling at La Romana and new targets • Bravo drilling commenced • Completed 7,000-meter drill plan by Q3 2025 • La Romana maiden NI 43-101 Resource December 2025 La Romana La Romana La Romana La
Slide 18: Cármenes Project: High Grade Breccia Pipes - Cu, Ni, Co, Au
CÁRMENES PROJECT: HIGH GRADE BRECCIA PIPES - Cu, Ni, Co, Au • Historical mining area – Cu, Co, Ni • Breccias and strong alteration mapped at Providencia target • Highly anomalous soils (>20 g/t Au) • Trench and channel sampling identified high gold zone (37m @ 3.11 g/t Au) >5,600 Ha • First drillhol
Slide 19: Providencia Target: First Drillholes Confirm Gold Discovery
PROVIDENCIA TARGET: FIRST DRILLHOLES CONFIRM GOLD DISCOVERY A’ PVD03 Drillholes 56m @ 0.37 g/t Au Devonian PVD07 Completed Inc. 4m @ 1.22g/t Au Results awaited Inc. 10m @ 1.05 g/t Au PVD06 34.0m @ 3.01 g/t Au PVD04 Inc. 5.0m @ 8.93 g/t Au 110m @ 0.23 g/t Au Inc. 4.7m @ 5.65 g/t Au PVD02 Inc. 2.0m @
Slide 20: Providencia Target: Potential to Expand Breccia at Depth
PROVIDENCIA TARGET: POTENTIAL TO EXPAND BRECCIA AT DEPTH TSXV: PGZ | OTCQB: PGZFF | FRA: 2EU 20
Slide 21: Capital Structure: Strong Shareholder Base
CAPITAL STRUCTURE: STRONG SHAREHOLDER BASE COMPANY STATISTICS (as of December 17, 2025) PAN GLOBAL SHAREHOLDERS Shares Outstanding (M) 321.73M Warrants (M)* 60.56M 7% Institutional Options/RSUs/DSUs (M) 23.17M HNW Shares Fully Diluted (M) 405.6M 32% Retail Market Cap @ $0.15 (CAD$M) $46.6M Insiders
Slide 22: Catalysts 2025
TSXV: PGZ | OTCQB: PGZFF FRA: 2EU CATALYSTS 2025 Anticipated High News Flow ❑ La Romana expansion drilling – Completed Advanced ❑ Drilling multiple new targets tested at Escacena Project – Completed Copper Discovery ❑ Cármenes drilling – Completed Strong Target ❑ La Romana maiden Mineral Resource Pi
Slide 23: Contacts
Suite 1150 - 355 Burrard Street Vancouver BC, V6C 2G8, Canada T: +1-236-886-9518 investors@panglobalresources.com E: investors@panglobalresources.com W: www.panglobalresources.com W: www.panglobalresources.com Pan Global Resources Panglobalspain PanGlobalResources Panglobalresources Panglobalresourc
Slide 24: Appendix
APPENDIX PAN GL&@BAL —— RESOURCES INC — 24
Slide 25: Board of Directors
BOARD OF DIRECTORS PATRICK EVANS – Chairman Mining Inc., Aura Minerals Inc. and Viceroy Exploration Ltd. Patrick is a senior mining executive with more than 20 years before its acquisition by Yamana Gold Inc. in 2006. He has BOB PARSONS of leadership and M&A transactional experience. He is the held
Slide 26: Leadership Team
LEADERSHIP TEAM TIM MOODY – President, CEO and Director ÁLVARO MERINO – Vice President Exploration MAX PINSKY - Corporate Secretary Tim has over 35 years of experience in the mining Álvaro holds degrees in geology and mine engineering, Max is a lawyer with over 20 years of practice experience, indus
Slide 27: La Romana Metallurgical Study Summary
LA ROMANA METALLURGICAL STUDY SUMMARY • Copper concentrate containing 26% to 32% Cu and 102 ppm Ag with an expected recovery of over 88% • Tin concentrate containing 63% Sn with an expected recovery of over 60% • Ore classified as medium-hard to crush and grind • Low grinding energy requirements due
Slide 28: Aguilas Project: Polymetallic and IOCG Targets Cu, Pb, Zn, Au, Ag
AGUILAS PROJECT: POLYMETALLIC AND IOCG TARGETS Cu, Pb, Zn, Au, Ag • 100%-PGZ Project in the Cordoba Province, 5.25m @ 2.4% Pb, 4.9% Zn, 9.1 g/t Ag Inc. 0.55m @ 20.8% Pb, 16.8% Zn, 66.4 g/t Ag Andalucía, in the Pedroches Batholith mine district 6.0m @ 0.7% Pb, 4.6% Zn, 3.5 g/t Ag Inc. 2.2m @ 1.9% Pb,
Slide 29: Our Values: A Sustainable Company
OUR VALUES: A SUSTAINABLE COMPANY ESG INITIATIVES A member of the United Environment Social Governance Nations Global Compact since • Energy efficiency • Stakeholders • Transparency Oct 2022; the only exploration company in Spain so committed • Water use • Community relations • Ethical behaviour • L
Slide 30: Copper Included in the European Critical Raw Materials Act
COPPER INCLUDED IN THE EUROPEAN CRITICAL RAW MATERIALS ACT European Critical Raw Materials Act – March 2024 A European Union regulation establishes a framework to ensure a secure and sustainable supply of critical raw materials for EU members Potentially beneficial actions under the Critical Raw Mat
Slide 31: References: Iberian Pyrite Belt Technical Comparison
REFERENCES: IBERIAN PYRITE BELT TECHNICAL COMPARISON Atalaya Mining plc 2022-09-16 – “Technical Report on the Riotinto Copper Project” Submitted date: 2022-10-05 Source: SEDAR 2023-03-27 – “Preliminary Economic Assessment. Proyecto Riotinto, Huevla Province, Spain” Effective date: October 31, 2022.
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