Pasinex Resources Ltd. · CSE:PSE
Pasinex Resources — Investor Presentation (June 2025)
51 slides from Pasinex Resources's investor presentation, June 2025
Slide 1: Compelling Investment into Public Zinc Company with High Reward and Potential
CSE : PSE | FSE : PNX COMPELLING INVESTMENT INTO PUBLIC ZINC COMPANY WITH HIGH REWARD AND POTENTIAL MINING AND EXPLORATION PHENOMENAL HIGH-GRADE ZINC (25 TO 50%) Open to Investment Low Economic Risk Low Capital Quick to Cash Flow 1
Slide 2: Disclaimer
Disclaimer The information contained in this presentation is provided by Pasinex Resources Limited. (“Pasinex”) for informational purposes only and does not constitute an offer to issue or arrange to issue, or the solicitation of an offer to issue, securities of Pasinex or other financial products.
Slide 3: Rolling-Up Step by Step High Grade Zinc Deposits
ROLLING-UP STEP BY STEP HIGH GRADE ZINC DEPOSITS TURKIYE of 25 to 50% Zinc NEVADA of 14 to 24% Zinc ZINC CRITICAL METAL 3
Slide 4: High Intrinsic Value of the Ore in the Ground
High Intrinsic Value of the Ore in the Ground Ore Zinc Grade ~Value of 1 tonne of Zinc Ore ~Copper Ore Grade Equivalent % 50% $1,300 USD 13% 40% $1,060 USD 10% 30% $800 USD 8% 10% $260 USD 2.5% 4% $105 USD 1% At Zinc prices of $1.20 US per pound and copper at $5.00 per pound. 4
Slide 5: Pasinex JV in Türkiye Over Past 10 Years Produced
Pasinex JV in Türkiye Over Past 10 Years Produced • Over 160,000,000 lbs of Zinc as Direct Shipping Material • Sales over $125,000,000 CAD • Cumulative EBITDA of over $60,000,000 CAD • Mining over 200,000 tonnes of Zinc Material • Grades of 30 to 50 % Zinc • Over 99,000 Meters of Drilling • Over 17,
Slide 6: Economic Factors
Economic Factors • Mining costs ~200 to 300 USD per tonne • Margins after tax in range of 30 to 50 % of sales • Low Capital Costs Direct Shipping Material • Deposits readily accessed by Adits and Declines • Carbonate Hosted Near Surface • Quick to obtain Cash Flow • High Grade immediately Profitable
Slide 7: Pasinex ESG
Pasinex ESG • Low Environmental Footprint with Underground Mining and Exploration • Infrastructure of Roads, Electricity, and Water in place • Exploration and Operation Permits in place • Good Employee and Community Relations • Good Government Relations and Reputation • International Safety Manageme
Slide 8: Target Properties and Licenses and Türkiye Geological Potential
Target Properties and Licenses and Türkiye one of Best Geological Potential Locations • On-Going or Past Producing small-scale mining • High-Grade Outcrops • Pasinex Trusted Reputation and Exploration Team • Family Owners Exit for Family Reasons and low Capability • Opportune Time to acquire • Finan
Slide 9: Sarikaya
Sarikaya High Grade Zinc Project in Kayseri/Türkiye Zn-Pb Occurrences N • Yahyali-Develi Region most Important Sarikaya Carbonate-Hosted Region • 50 Zinc-Lead Occurrences • Local Owners at Shallow Depths • Limited Drilling and Modern Exploration Techniques • Sarikaya (Yellow Rock) 40 km East of Deve
Slide 10: Sarikaya: Excellent Infrastructure & Mining Culture
Sarikaya Excellent Infrastructure & Mining Culture • Roads and electrical power • Sarikaya is located • 40 km East of town of Develi (Kayseri) • 190 km to Mersin Port • 350 km to Capital Ankara • 70 km to Kayseri Airport Mersin Port Centerra Gold Mine (Develi Town) • 90 km to Cappadocia • Centerra's
Slide 11: Sarikaya: Most Important Carbonate-Hosted Zn-Pb District in Türkiye
Sarikaya The Most Important Carbonate-Hosted Zn-Pb District in Türkiye Known High Grade Zinc Mineralization in Sarikaya Project Looking South Zinc Lead Outcrops Old Adit Workings (Opened in 2024) All mining operations in the future are expected to be by 11 underground methods reducing the footprint
Slide 12: Sarikaya: High Grade Sulphide Zinc Discovered in 2024
Sarikaya High Grade Sulphide Zinc (30-35% Zn) Discovered in 2024 • 1500 meters drilled with 3 meters of High- Grade Zinc • 180 meters exploration adit and Several 2.8 m locations of Zinc Carbonates and Sulphides • 2500 tonnes of high-grade Zinc Sulphide 2.7 m material produced • Sarikaya operation l
Slide 13: Sarikaya: What is Next? Phase 1 Exploration
Sarikaya What is Next? Phase 1: Exploration (0-6 months) N • Geological Mapping • Lithology Map Old Workings • Alteration Map Zinc Lead • Structure Map Outcrops • Mineralization Map • Geochemical Sampling & Interpretations • Rock Sampling • Soil Sampling • Geophysical Surveys (before commencement of
Slide 14: Sarikaya: What is Next? Phase 2 Drilling
Sarikaya What is Next? Phase 2: Drilling (6 to 18 months) N • Opening Exploration Adits for underground Old drilling Workings Zinc Lead Outcrops • Underground Drilling • Mining Mining will start within a few months after completing the acquisition. Adit 0.5km 14
Slide 15: Sarikaya Budget
Sarikaya Budget (for 18 months) US $ Field Costs-Exploration ( Geological Mapping, sampling, accommodation, travel etc.) 250,000 Geophysical Surveys (IP/R & Ground Mag) 100,000 Geochemistry Analytical (Surface Rock & Soil Samples) 50,000 Tenure Payments 100,000 Opening Exploration Adits (Access road
Slide 16: Pinargozu: Proven Experience in Mining & Exploring Zinc
Pinargozu Proven Experience in Mining & Exploring Zinc 3m Pinargozu Zinc Mine Türkiye 3m High Grade Sulphide (50 % Zn) Adana Mersin Port Mediterranean Sea 16
Slide 17: Pinargozu - What is Next?
Pinargozu - What is Next? High Grade Zinc Detected in Deeper Portion-18 Months Plan SE NW Production Area Starting point Level 582m Target Area 541 Adit (Mining & Drilling) Main Adit Project Total 700m (in green) 4000 meters of diamond drilling Intersected 1.5m 43% Zinc sulphide at 425m level Cross-
Slide 18: Pinargozu Estimated Budget for New Adit & Exploration Drilling
Pinargozu Estimated Budget for New Adit & Exploration Drilling • Opening Adit - $810,000 USD (1,000 meters) • Diamond Drilling - $300,000 USD (4,000 meters) • Operations – $90,000 USD • Total - $1.2 M USD 18
Slide 19: Akkaya Zinc Project
Akkaya Zinc Project Adana/Türkiye - Why Akkaya is Very Prospective Up to Banded ankerite texture 12% Zn in marble (Akkaya) N A Up to 13% Zn Up to 12% Zn Pinargozu banded ankerite texture in Akkaya marble just before ore License (Red Line) B Pinargozu Marble Mine Alteration in Pink Fugutive calcite r
Slide 20: Akkaya: What is Next?
Akkaya What is Next? • Understand Structures with Geophysical Ground Magnetics • Road and Drill Permits with Environmental Assessment • Drill for Hydrothermal System • Develop Exploration Adits for underground drilling 20
Slide 21: Gunman Zinc Project
Gunman Zinc Project Nevada/USA White Pine County, Nevada, USA • Verified high grade zinc oxides: • 43.9 metres @ 14.2% zinc • 13.7 metres @ 26.1% zinc and 5.6 ounces of silver 21
Slide 22: Gunman: Black Shale & Drill Hole SRDD_2018_04
Gunman A Closer Look at Black Shale & Drill Hole SRDD_2018_04 Modelled as Carbonate Replacement Deposit 4.3% Zinc 8.1% Zinc 5.7% Zinc 0 20 Metres 22
Slide 23: Gunman: Exploration Work
Gunman Exploration Work • Completed helicopter Magnetics Survey of 218 line-kilometers White Pine County, Nevada, USA • Completed 453 samples Mobile Metal Ion (MMI) Soil Sampling • Completed 2,078 stations Ground Gravity Program • Drilling Program of 3000 meters in 17 drill holes has been planned •
Slide 24: About Pasinex
About Pasinex Pasinex Resources Limited (“Pasinex”) is listed on the Frankfurt Stock Exchange (FSE) as PNX and on the Canadian Stock Exchange (CSE) as PSE. Pasinex has developed strong operational capabilities in Exploration, Mining, Commercial Sales, Transportation, Logistics, Health & Safety Manag
Slide 25: Pasinex – Contact Details & Corporate Overview
Pasinex – Contact Details & Corporate Overview Canada Main Office Stock Listings Pasinex Resources Limited Canadian Stock Exchange (CSE): PSE 82 Richmond St. E. Frankfurt Stock Exchange (FSE): PNX Toronto, ON M5C 1P1 info@pasinex.com Adana Office, Türkiye Onur Mah. 437, Turhan Cemal Beriker Boulevar
Slide 26: Appendix
Appendix 26
Slide 27: Pasinex Management - Canada
Pasinex Management - Canada Ian D. Atacan, Director, Corporate Secretary and CFO Mr. Atacan is an accomplished finance leader with over 25 years of experience in public companies, specializing in corporate strategy, m ergers and acquisitions, and financing. Mr. Atacan is a Chartered Professional Acc
Slide 28: Pasinex Management – Türkiye
Pasinex Management – Türkiye Aydin Sen, MSc, Geology, General Manager and Exploration Manager Pasinex AS. Mr. Aydin Şen brings over 20 years of extensive experience in mineral exploration and project management across Türkiye, Mozambique, West A frica, and beyond. Holding a Master’s degree in Geolog
Slide 29: Pasinex Management – Türkiye
Pasinex Management – Türkiye Özlem Altunal, Financial Manager of Pasinex AŞ Ms. Altunal has over twenty years of accounting experience, five years of which has been managing accounting operations for Horzum AŞ. She has represented Pasinex AŞ on the Horzum AŞ Board for three years and brings extensiv
Slide 30: Pasinex Management - Corporate
Pasinex Management - Corporate Corporate Lawyers Dentons LLP in Toronto, Canada and NBB Hukuk Bürosu in Istanbul, Türkiye. Corporate Auditors JC Professional Corporation in Toronto, Canada. 30
Slide 31: Pasinex Board of Directors – Dr. Larry Seeley
Pasinex Board of Directors – Dr. Larry Seeley Dr. Larry Seeley, Executive Chairman who is also CEO of Seeley Group Ltd. Dr. Seeley was with Falconbridge 25 years in roles of Manager of Research, Development and Engineering, Manager Falconbridge Smelter, Director of Sudbury Metallurgical Operations,
Slide 32: Pasinex Board of Directors – Jonathan Challis
Pasinex Board of Directors – Jonathan Challis Jonathan Challis, Director and Chair of Pasinex AS Jonathan Challis is a mining engineer with over 50 years experience in the operation, management, financing and analysis of mining projects around the world. Mr Challis has an honours degree in Mineral E
Slide 33: Pasinex Board of Directors – Joachim Rainer & Ian Atacan
Pasinex Board of Directors – Joachim Rainer & Ian Atacan Joachim Rainer, Board Member Mr. Rainer has over 20 years in entrepreneurial finance in Austria. As Managing Director of a company he founded he sources projects, st ructures companies and investments, and develops the businesses for new upcom
Slide 34: Horzum AS Revenue & Gross Margin (CAD)
Horzum AS Revenue & Gross Margin (CAD) Cumulative Total for the period 2015 to 2024: $127,938,444 (Horzum Revenue), $67,342,302 (Gross Margin) $35,000,000 $31,833,371 $30,000,000 $26,029,753 $25,000,000 $20,000,000 $18,014,071 $15,000,000 $14,641,163 11,658,361 $ $10,000,000 $8,658,801 $7,360,600 $4
Slide 35: Pinargozu Sales Profile: Zinc Product Tonnes Sold
Pinargozu Sales Profile: Zinc Product Tonnes Sold (Wet) Cumulative Total for the period 2015 to 2024: 119,479 Tonnes Sold (Zinc Oxide), 32,442 Tonnes Sold (Zinc Sulphide) 50,000 47,003 45,850 45,000 40,000 35,000 30,000 27,130 25,000 20,000 15,000 12,070 11,248 10,000 8,620 7,979 5,000 3,980 33% 33%
Slide 36: Pinargozu Production: Zinc Product Tonnes Mined
Pinargozu Production: Zinc Product Tonnes Mined (Wet) Cumulative Total for the period 2015 to 2024: 216,293 Tonnes Mined 70,000 60,000 57,675 50,000 45,757 40,000 30,000 26,462 20,000 17,812 15,029 13,766 6,000- 12,123 10,608 8,061 9,000 10,000 33% 33% 33% 38% - 105 119 76 21 8530% 40% 69 48% 102 47
Slide 37: Pinargozu Production: Pounds of Zinc Product Mined
Pinargozu Production: Pounds of Zinc Product Mined Cumulative Total for the period 2015 to 2024: 161,122,096 Pounds of Zinc Product Mined 45 39,400,000 40 35 31,016,831 30 25 Millions 20 17,610,000 13,877,556 14,230,456 6,468,363 - 15 9,702,544 10,476,741 8,943,280 10 7,461,046 8,190,186 5 33% 33% 3
Slide 38: Pinargozu Exploration Drilling
Pinargozu Exploration Drilling Cumulative Total for the period 2015 to 2024: 99,245 Exploration Metres 16,000 14,903 14,000 12,000 11,247 11,590 11,068 10,782 9,345 10,000 8,675 8,000 7,088 7,557 6,424 6,000 4,000 2,000 105 119 76 21 85 69 102 106 126 49 - 2015 2016 2017 2018 2019 2020 2021 2022 202
Slide 39: Pinargozu Mine Development
Pinargozu Mine Development Cumulative Total for the period 2015 to 2024: 17,293 Development Metres 4,000 3,500 3,336 3,000 2,740 2,455 2,500 2,000 1,905 1,933 1,743 1,500 1,352 1,000 1,108 611 500 318 105 119 76 21 85 69 102 106 - 2015 2016 2017 2018 2019 2020 2021 2022 2023 H1 2024 Values above the
Slide 40: Sarikaya Property - Terms of Purchase
Sarikaya Property - Terms of Purchase ❖ Grant of the Option The Property is held by Aydın Teknik Madencilik Ve Insaat Sanayi Ve Ticaret Sirketi (“Aydin Teknik”). The shares of the Aydin Teknik are wholly owned by Abdullah Aydin (“Optionor”). Pasinex Arama shall pay US$250,000 (“Option Purchase Price
Slide 41: Gunman: Summary Highlights of Drill Assay Results
Gunman: Summary Highlights of Drill Assay Results Core Length Drill Hole # Zn Grade % From (m) Mineralization Interval (m) SRDD-2018-001 43.89 14.2 43.28 Oxide in Limestone Including 13.72 26.1 48.77 Oxide in Limestone SRDD-2018-002 0.61 10.8 60.96 Oxide in Limestone SRDD-2018-004 1.5 4.3 85.65 Oxid
Slide 42: Zinc
Zinc • 1 of 31 Critical Metals needed to transition to a sustainable future (by the WEF & USA Geographical Survey) • Zinc is the fourth most used metal on earth • Used in Galvanizing Steel to reduce rusting in applications such as cars, construction materials, die- casting and alloying with copper t
Slide 43: Zinc Current Consumption
Zinc Current Consumption • The consumption of Zinc is about 12 million tonnes per year. • Only about 34% of the consumption is from recycled Zinc because of the dispersed application of Zinc and because of the long-life applications only a portion of the Zinc can be recycled economically and so ther
Slide 44: 25 Years of the Zinc Price
25 years of the Zinc Price Zinc (USD/T) 4500 4000 3500 3000 | 2000 1500 1000 2005 2010 2015 2020 2025
Slide 45: Zinc Demand
Zinc Demand Zinc demand is expected to grow significantly in the coming years. By 2030, consumption is forecasted to increase by nearly 700,000 tonnes annually (3-5% per year). This growth is driven by various factors, including its role in energy transition initiatives, such as batteries, wind powe
Slide 46: Zinc Global Market Report 2025
Zinc Global Market Report 2025 Zinc market sales projected to increase by almost 50% in 5 years. $41.76 billion $31.15 $28.28 billion billion 2024 2025 2026 2027 2028 2029 46
Slide 47: Türkiye
Türkiye • Türkiye is a very good jurisdiction for mining with leading edge mining laws, very capable government ministries, very capable geologists, mining engineers, electrical and mechanical capabilities and top-notch lawyers, accountants and administrative and commercial staff and hard-working we
Slide 48: Pasinex's High-Grade Zinc (25%-50%)
Pasinex’s High-Grade Zinc (25%-50%) • The average zinc grade in other deposits worldwide typically ranges from 4% to 10%. This translates to a value of approximately $120-$300 USD per tonne. • Pasinex has 25%-50% high-grade zinc ore deposits. This translates to a value of approximately $900-$1,500 U
Slide 49: Pasinex Low Mining Cost & High Profitability
Pasinex Low Mining Cost & High Profitability • Mining costs range from about $200 to $300 USD per tonne of ore. • Low mining costs results in high margins (30% to 50%) of sales, after tax. • Low economic risk due to the high-grade Zinc deposits. • Significant after-tax margins. • Very high profitabi
Slide 50: Strength & Security
Strength & Security Pasinex is dual listed on the Canadian Stock Exchange (CSE) as PSE and the Frankfurt Stock Exchange (FSE) as PNX. The company over the past 10 years has developed strong operational capabilities in areas such as Exploration, Mining, Commercial Sales, Transportation, Logistics, He
Slide 51: Exciting New Production & Exploration
Exciting New Production & Exploration Promising Production Increases (Next 6-18 Months) NEW Türkiye - Sarikaya Zinc Project • Exploration & Drilling United States Very Prospective Expansion Potential Nevada Türkiye United States - Gunman Zinc Project • Exploration NEW Türkiye - Akkaya Zinc License P
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