Cerro De Pasco Resources, Inc. · TSXV:CDPR
Cerro De Pasco Resources — Investor Presentation (January 2026)
21 slides from Cerro De Pasco Resources's investor presentation, January 2026
Slide 1: Positioned to Unlock the Value of the World's Largest Above-Ground Metal Resource
TSXV: CDPR OTC: GPPRF BVL: CDPR FRA: N8HP Positioned to Unlock the Value of the World’s Largest Above-Ground Metal Resource
Slide 2: Forward-Looking Statements
01 FORWARD-LOOKING STATEMENTS Certain statements contained in this presentation implied by such forward-looking statements or constitute “forward-looking information” under forward-looking information. Forward-looking Canadian securities legislation. Generally, forward- statements are subject to bus
Slide 3: El Metalurgista Concession & Social License
02 EL METALURGISTA CONCESSION & SOCIAL LICENSE One of the Largest Above-Ground Metal Resources In the World TSXV: CDPR OTC: GPPRF BVL: CDPR FRA: N8HP 3
Slide 4: El Metalurgista Concession & Social License
02 EL METALURGISTA CONCESSION & SOCIAL LICENSE Excelsior Mineral Pile PROCESSING PLANTS 18K TPD permitted Not owned by CDPR Quiulacocha Tailings TSXV: CDPR OTC: GPPRF BVL: CDPR FRA: N8HP 4
Slide 5: Quiulacocha Tailings
03 QUIULACOCHA TAILINGS Historical Estimate AVERAGE HEAD GRADE AND RECOVERY Tonnes Mining Period (000s) Cu Pb Zn Ag Au Copper Era (1906-1965) 16,369 4.0% – – 200 g/t 3.0 g/t Polymetallic Era (1952-1992) 58,299 – 3.3% 8.6% 98 g/t – Average Recovery – 60% 60% 75% 60% 60% ESTIMATED AVERAGE TAILINGS GRA
Slide 6: Historic Easement
04 HISTORIC EASEMENT Land Easement Secured In May 2024, Cerro de Pasco Resources received a Supreme Resolution granting access to the El Metalurgista Concession for a 40-hole drilling campaign. Formalities Completed On May 29, 2024, Cerro de Pasco Resources finalized necessary steps— including a pay
Slide 7: Quiulacocha Tailings / Phase 1 Drilling
05 QUIULACOCHA TAILINGS / PHASE 1 DRILLING Sonic Drill, provides continuous, high-quality samples with minimal disturbance and no water usage, reducing environmental impact, enhancing resource recovery, and improving data quality. TSXV: CDPR OTC: GPPRF BVL: CDPR FRA: N8HP 7
Slide 8: Quiulacocha Tailings / Phase 1 Drilling
06 QUIULACOCHA TAILINGS / PHASE 1 DRILLING Freezer truck on-site to preserve micro- structural integrity and prevent oxidation. TSXV: CDPR OTC: GPPRF BVL: CDPR FRA: N8HP 8
Slide 9: Quiulacocha Tailings / Phase 1 Assay Results
07 QUIULACOCHA TAILINGS / PHASE 1 ASSAY RESULTS Phase I Drilling 40 out of 40 drillholes assayed. Average Grade per Metal Metal Avg. Grade Ag 1.66 oz/t Zn 1.47% Pb 0.89% 4.3 oz/t AgEq* 5.5 oz/t Cu 0.09% AgEq* Reported Drillholes Au 0.10 g/t Ag-Zn-Pb Tailings Ga 53.2 g/t Ag-Cu-Au Tailings In 19.9 g/t
Slide 10: Added to U.S. Critical Minerals List
08 ADDED TO U.S. CRITICAL MINERALS LIST TSXV: CDPR OTC: GPPRF BVL: CDPR FRA: N8HP 10
Slide 11: Why Gallium Matters
09 WHY GALLIUM MATTERS A Strategic Metal for Advanced Technology and Energy Transition 98% Gallium underpins military applications 2% in defense, AI, 5G infrastructure… 98% of global gallium supply controlled by China The U.S. is 100% import dependent TSXV: CDPR OTC: GPPRF BVL: CDPR FRA: N8HP Source
Slide 12: U.S. Department of Defense & Gallium
10 U.S. DEPARTMENT OF DEFENSE & GALLIUM Pentagon assessment on securing U.S. gallium supply: “…recovery of gallium from existing waste streams is the fastest way to make the material more available… including efforts that reprocess mine tailings.” TSXV: CDPR OTC: GPPRF BVL: CDPR FRA: N8HP 12
Slide 13: Tailings: Lower Cost, Lower Dilution
11 TAILINGS: LOWER COST, LOWER DILUTION Factor Tailings Extraction Open-Pit Mining Underground Mining Grade Dilution Factor 0-5% 10-30% 20-50% Extraction Cost per Tonne $1–$2 $2–$15 $30–$200 Why Tailings Make Sense More cost-effective—no need for blasting or hauling more efficient with minimal dilut
Slide 14: Quiulacocha TSF Potential Economics
12 QUIULACOCHA TSF Potential Economics Based on Internal Projections Metal Grade Price Value/Tonne Ag 1.86 oz/t $30 $56 Zn 1.15% $3,000 $45 Base Case Scenario 10k Tonnes/Day Pb 0.69% $2,000 $14 In-situ Value/Tonne 100% $180 NSR/Tonne (+) $52 Cu 0.42% $9,000 $38 Avg. Metal Recovery of 40% (x) 40% $72
Slide 15: Quiulacocha TSF (Recent Prices)
13 QUIULACOCHA TSF (recent prices) Potential Economics Based on Internal Projections Metal Grade Price Value/Tonne Ag 1.86 oz/t $50 $93 Zn 1.15% $3000 $45 Base Case Scenario 10k Tonnes/Day Pb 0.69% $2,000 $14 In-situ Value/Tonne 100% $234 NSR/Tonne (+) $67 Cu 0.42% $10,000 $42 Avg. Metal Recovery of
Slide 16: 2026 Catalysts
14 2026 CATALYSTS Formalize claim on surrounding tailings. Advance Phase 2 drilling across Cu-Ag-Au tailings. Deliver metallurgical results and recovery upside. Progress toward feasibility and development. Layout of the Phase 1 drilling campaign (completed) and the planned Phase 2 drilling campaign
Slide 17: Moving Quiulacocha Tailings by Pump Pontoon
15 MOVING QUIULACOCHA TAILINGS BY PUMP PONTOON TSXV: CDPR OTC: GPPRF BVL: CDPR FRA: N8HP 17
Slide 18: Cerro de Pasco Post Closure
16 CERRO DE PASCO POST CLOSURE Artistic Rendering TSXV: CDPR OTC: GPPRF BVL: CDPR FRA: N8HP 18
Slide 19: Corporate Overview
17 CORPORATE OVERVIEW * Dec. 15, 2025 (closing pric LEGEND 1. CDPR receives green light on Land easement. 2. Land easement officially granted. 3. Eric Sprott acquires a substantial stake in the company. 4. Historic authorization granted—drilling program begins. 5. Assay Results from 1st DHs. 6. Sign
Slide 20: Management Team & Board of Directors
18 MANAGEMENT TEAM & BOARD OF DIRECTORS STEVEN ZADKA GUY GOULET MANUEL RODRIGUEZ JAMES CARDWELL EXECUTIVE CHAIRMAN EXECUTIVE DIRECTOR & CEO EXECUTIVE DIRECTOR & PRESIDENT CHIEF FINANCIAL OFFICER Founding partner of CDPR with over Over 30 years of investment More than 30 years of management CPA-crede
Slide 21: www.pascoresources.com
WA Pasco RESOURCES WWW.PASCORESOURCES.COM
Cerro de Pasco Resources — Investor Presentation (January 2026) on 6ix