Eloro Resources Ltd. · TSX:ELO
Eloro Resources — Investor Presentation (April 2026)
28 slides from Eloro Resources's investor presentation, April 2026
Slide 1: Giant Silver-tin Polymetallic Discovery in Bolivia
ISKA ISKA Giant Silver-tin Polymetallic Discovery in Bolivia CORPORATE PRESENTATION TSX ELO | FSE P2Q | OTCQX ELRRF April 2026
Slide 2: Cautionary Language
Cautionary Language This presentation contains “forward-looking statements” and “forward-looking information” and other risks of the mineral exploration industry as well as those risks discussed in the within the meaning of applicable Canadian securities laws concerning Eloro Resources Ltd. Company’
Slide 3: Investment Highlights
Investment Highlights Total current resource (inferred) Advancing the Iska Iska silver–tin polymetallic project in Potosí, Bolivia 1.15 Billion oz incl 298 4.09 1.74 Large endowment of critical and Ag eq Moz Ag Mt Zn Mt Pb strategic metals (Ag–Sn–Zn–Pb) Tin domain 130,000 t Sn Higher-grade Near-surf
Slide 4: Leverage to Silver Commodity
Leverage to Silver Commodity Ticker Project, Owner Category Silver Oz Grade Ton Silver eq Ounces per Share 4 CVE:CKG Metates, Chesapeake Gold Corp. M&I 542 M 12.9 1,302 M TSE:DSV Cordero, Discovery Silver Corp M&I 493 M 21.0 719 M TSE:ELO Iska Iska, Eloro Resources Ltd Inferred 273 M 13.8 560 M CVE:
Slide 5: 2025: Fifth Consecutive Year of Supply Deficit
2025: Fifth Consecutive Year of Supply Deficit Tightening supply, Eloro is uniquely positioned to rising demand – a strong benefit through scale, grade setup for silver and exploration upside 5
Slide 6: Capital Structure and Ownership
Capital Structure and Ownership TSX: ELO | Frankfurt P2Q (WKNA1JKAT) | OTCQX: ELRRF 17% Shares Issued and Outstanding (March 6, 2026) 119.11M Insiders Warrants ($1.00 to $2.60 on exercise) 13.00M 2% Options and Restricted Share Units (RSUs) and Deferred Cartier Silver 7.67M Share Units (DSUs) 53% Co
Slide 7: Experienced Leadership
Experienced Leadership Management Team Board of Directors Technical Advisors THOMAS LARSEN B.A. THOMAS LARSEN B.A. RICHARD STONE C.I.M. BILL PEARSON Ph.D., P.Geo. Chairman and CEO Chairman and CEO Senior Technical Advisor PABLO ORDONEZ MILES NAGAMATSU C.P.A., C.A. ALEXANDER HORVATH P.Eng Attorney at
Slide 8: Bolivia, a Prolific Mining Country
Bolivia, a Prolific Mining Country Iska Iska is in the SW part of the Eastern Cordillera which hosts several giant deposits of gold, silver, iron ore, zinc, tin, lead and lithium Cerro Rico de Potosí is the world’s largest silver deposit still producing today even after 2.1 billion ounces mined sinc
Slide 9: Bolivian Infrastructure
Bolivian Infrastructure Easy access to Northern Chilean seaports Iska Iska project close to established domestic paved road and rail transportation routes Two projected rail spur lines and road access for connection to main rail transportation routes to the Northern Chilean ports and to 2 Bolivian s
Slide 10: Developing tin in the Americas
Developing tin in the Americas Bolivia remains significantly underexplored and offers opportunities to find Tier 1 assets Historically a key supplier of tin to the USA, Bolivia continues to play a major role in global tin markets. The country has major opportunities in deeper porphyry-style tin syst
Slide 11: Strong Environmental and Social Governance Program
Strong Environmental and Social Governance Program Eloro Resources is committed to supporting a historical mining region Courses, workshops, materials and other social projects focused on women, children and school groups in the surrounding local communities Built 150 sanitation stations in nearby c
Slide 12: Definitive Option Agreement
Definitive Option Agreement Definitive Option Agreement All payments have been Iska Iska property owner signed January 6, 2020 made to the title holder Edwin Villegas is the VP and • $10MM USD total purchase price Director of Tupiza Mining Chamber, Department of Potosí • Private land - owner has 100
Slide 13: View of Iska Iska Caldera Complex
View of Iska Iska Caldera Complex Iska Iska was never discovered by historic prospecting due to surface leaching that removed all sulphide metals. Nevada-like Terrain at a much higher elevation (4,100m at peak, valley floor 3,000m) No artisanal mining, historical significance community and ESG issue
Slide 14: Property Geology and Mineralization
Property Geology and Mineralization Iska Iska is a major silver-tin polymetallic porphyry-epithermal complex associated with a Miocene collapsed/resurgent caldera, emplaced on Ordovician age rocks with major breccia pipes, dacitic domes and hydrothermal breccias Recent drilling indicates that there
Slide 15: Two Major Potential Deposits at Iska Iska
Two Major Potential Deposits at Iska Iska Eloro is in a unique position of having two discernable different deposit styles juxtaposed against one another; a very large silver- zinc-lead dominant system next to a high-grade tin system. NW SE The intrusion breccia is very likely an offshoot or apophys
Slide 16: Top 12 Iska Iska Intercepts
Top 12 Iska Iska Intercepts Intercept Grade Grade x Ag Sn Zn Pb Date Drill Hole ID (m) (g Ag Eq/t) Intercept (g/t) (%) (%) (%) 31-Jan-23 DHK-27 325.48 136.38 44,388 69.80 0.12 1.22 0.49 21-Jul-22 DSBU-10 349.08 118.24 41,276 44.69 0.14 1.05 0.77 20-Sep-22 DSB-30 441.21 93.19 41,117 9.45 0.07 1.53 0.
Slide 17: Definition Drilling, Santa Barbara
Definition Drilling, Santa Barbara Ag Eq Grade 250.0 Grades Consistently Above Initial MRE As drill density has increased, DSB-93 200.0 the grades, especially for silver and tin, have notably improved. Bulk Sample (6.3 tonnes) 150.0 DSB-72 DSB-82 DSB-70 DSB-80 DSB-76 DSB-87 DSB-68 DSB-90 DSB-69 100.
Slide 18: DSB 87 – Longest & Highest-Grade Tin Intersection
DSB 87 – Longest & Highest-Grade Tin Intersection Increased potential starter pit dimensions by 100m x 100m along and across strike DSB-87 – Infill hole (150m SE of DSB-72), announced September 16, 2025 Intersected 213.0m @ 0.51% Sn & 25.46 g/t Ag within a broader interval of 241.5m grading 0.47% Sn
Slide 19: DSB 92 – Defining and Extending Initial Starter Pit
DSB 92 – Defining and Extending Initial Starter Pit Confirmation of polymetallic mineralization with high silver grade close to surface to have very positive impact on mining economics. High grade silver and tin at depth. DSB 91 DSB-92 – Step-out hole (50m SE of DSB-88), November 19th , 2025 Higher
Slide 20: DSB 93 – Highest Silver Interval to Date at Iska Iska
DSB 93 – Highest Silver Interval to Date at Iska Iska Eloro Resources Intersects Highest Silver Interval to Date at its Iska Iska Project, Southern Bolivia with 72 metres grading 294.81 g/t Silver DSB-93 – Infill hole (107m NE of DSB-61), December 9, 2025 Intersected the highest silver interval obta
Slide 21: DSB 90 – Confirmed Continuity & Expanded Mineralization
DSB 90 – Confirmed Continuity & Expanded Mineralization “Since drilling began at Iska Iska five years ago, we have successfully transformed a formerly dormant property into one of the highest-quality, potentially open-pittable, undeveloped porphyry-epithermal silver-tin-polymetallic systems in the B
Slide 22: Drilling Program – Leading to New Global Resource
Drilling Program – Leading to New Global Resource Section 3: Sn-Ag and Ag-Zn Distribution - FEBRUARY Section 3: Sn-Ag and Ag-Zn Distribution - OCTOBER Highest grade areas are also those with the most Tin domain is a major target area that remains drilling (reference Technical Report) under drilled P
Slide 23: Potential Resource Upgrade and Expansion Possibilities
Potential Resource Upgrade and Expansion Possibilities Major mineralized structural W SECTION W-E E corridor that is 500m wide and Looking North extends for 2km along strike Chargeability highs correlate very well with areas of high- grade mineralization Multiple areas within the Caldera have yet to
Slide 24: Exploration Timeline
Exploration Timeline OCTOBER DSB-88 Best zinc hole to date, APRIL JANUARY MARCH JANUARY 190.5m 2.35% Zn (103 Ag eq/t) Micon Technical DHK-21 Uplist company 6.3 t Bulk Sample Report “the we knew we have to TSX (179.5 Ag eq/t) something big hole” Drilled: 117,000m 2020 2021 2023 2024 2025 2026 JANUARY
Slide 25: Well Positioned to Drive Shareholder Value
Well Positioned to Drive Shareholder Value ISKA ISKA demonstrates the Key 2026 Catalysts potential to host two major • Updated Mineral Resource Estimate Critical Mineral deposits • Preliminary Economic Assessment (PEA) of Silver and Tin (> 600Mt) • Continued drilling results Mining-friendly jurisdic
Slide 26: Appendix
Appendix 26
Slide 27: Tin Supply / Demand Forecast
Tin Supply / Demand Forecast Growing global tin deficit underscores Refined Tin Supply Demand Forecast the strategic value of new high-grade tin discoveries. Source: International Tin Association Penang Conference 2024 27
Slide 28: Contact
TSX ELO | FSE P2Q | OTCQX ELRRF CANADA BOLIVIA Thomas Larsen Dr. Osvaldo Arce Ph.D., P.Geo. CEO Executive V.P. Latin American Operations and General Manager, Minera Tupiza S.R.L. Jimena Moran Tel: +59 171 591-004 V.P. Marketing and Logistics – Executive Assistant Bilingual Toll Free: 1 800 360-8006