Pan Global Resources Inc. · TSXV:PGZ
Pan Global Resources — Investor Presentation (November 2026)
30 slides from Pan Global Resources's investor presentation, November 2026
Slide 1: Copper & Gold Exploration and Discoveries in Spain
Copper & Gold Exploration and Discoveries in Spain Copper, Gold, Silver, Critical Metals Investor Presentation November 2026 TSXV: PGZ | OTCQB: PGZFF | FRA: 2EU www.panglobalresources.com
Slide 2: Cautionary Statement & Technical Information
CAUTIONARY STATEMENT & TECHNICAL INFORMATION Forward Looking Statement Estimates of Mineral Resources. This Presentation contains "forward-looking statements". These forward-looking The terms “Mineral Resource”, “Measured Mineral Resource”, “Indicated Mineral statements are made as of the date of th
Slide 3: Pan Global Resources
PAN GLOBAL RESOURCES A premier European strategic metal explorer with assets in Spain Pan Global projects: Cármenes Escacena EU member states (27) Low sovereign risk EU critical minerals Strong mineral rights safeguards; Accelerated permitting & access PGZ a recipient of non-repayable to EU funding
Slide 4: Management & Board: Strong Discovery & Value Creation Track Record
Management & Board: Strong Discovery & Value Creation Track Record MANAGEMENT EXPERIENCE Tim Moody Justin Byrd President & CEO CFO & Corporate Secretary Exploration Rio Tinto Anglo American Canico Southern Era Juan Garcia Valledor Bárbara Gómez Placer Dome Oliver Gold Director General, Spain HSE & R
Slide 5: Pan Global: Value, Scale, Optionality
PAN GLOBAL: VALUE, SCALE, OPTIONALITY 1 DE-RISKED VALUE BASE 3 GOLD GROWTH OPTION "La Romana” Cu Sn Ag Resource Cármenes "Cármenes" & "Salamón" Projects Salamón - 36.4 Mt, 160 kt CuEq from surface - Near-Surface Gold Discovery: - Premium, penalty-free concentrates 83 m @ 1.74 g/t Au to 32.5% Cu - Fo
Slide 6: Escalating Copper Price: Major Supply Constraints
ESCALATING COPPER PRICE: MAJOR SUPPLY CONSTRAINTS The industry is not finding enough copper, and new mines are harder to find, going deeper, lower-grade and riskier to build US$18,000 Copper price US$/t (LME) Record high US$ 14,875/t US$16,000 Major Supply disruptions US$14,000 1 Cobre Panamá 1 2 3
Slide 7: Escacena Project: Iberian Pyrite Belt
ESCACENA PROJECT: IBERIAN PYRITE BELT No fly-in, fly-out: power, road, rail, port and a smelter are already here Europe’s 2nd Largest Copper Region1 Existing Infrastructure a significant cost advantage PORTUGAL Aguas Teñidas SPAIN Lomero Poyatos Sandfire Magdalena Large Mines & Operators Denarius Sa
Slide 8: Escacena Project: Mt+ Objective from Multiple Deposits
ESCACENA PROJECT: 100 MT+ OBJECTIVE FROM MULTIPLE DEPOSITS Reported resources vs contained Copper (Cu) metal Based on most recently published data available* La Romana maiden Resource 180 Mt 1,200 kt x 1000 High confidence 90% Measured & Indicated 165 Mt 1,100 kt Measured La Romana MRE 150 Mt resour
Slide 9: La Romana Mineral Resource - Open Pit Copper-Tin-Silver
LA ROMANA MINERAL RESOURCE - OPEN PIT COPPER-TIN-SILVER Copper grades similar or better than open-pit mines in Spain Valuable asset with significant upside 352 Mlb / 160 kt CuEq Remains open for expansion Confirms large copper system (open) ▪ Significant potential to build scale at surrounding targe
Slide 10: La Romana Deposit: Best-in-Region Copper Metallurgy
LA ROMANA DEPOSIT: BEST-IN-REGION COPPER METALLURGY Premium Quality Clean Concentrate Metallurgical Cu recovery vs Cu concentrate grade Based on most recently published data available* Valuable on its own or as blend La Romana Pan Global 32.5% Peak Concentrate Grade 88% Copper Recovery (up to) Premi
Slide 11: La Romana grades are similar or better than open-pit mines in Spain
La Romana grades are similar or better than open-pit mines in Spain Typical open-pit grades 0.3-0.5% Cu, cut-off 0.15-0.20% Cu Pan Global 0.50 0.44% 0.25 0.45 0.37% 0.38% 0.40 0.37% 0.38% 0.34% 0.20 0.35 0.30 0.15 0.25 0.20 0.10 0.15 0.10 0.05 0.05 0.00 0.00 Cerro Touro Los Frailes La Romana La Roma
Slide 12: Escacena Triples in Size: Area Dominated by Operators
ESCACENA TRIPLES IN SIZE: AREA DOMINATED BY OPERATORS Strategic land position surrounded by large PAN GLOBAL mine operators “Escacena Project” 16,745 ha Cañada Honda Aznalcóllar Escacena North Los Frailes La Romana Escacena South Other holders Pan Global Resources Demasías: exclusive to Pan Global G
Slide 13: Escacena Project: Potential for Multiple Deposits
ESCACENA PROJECT: POTENTIAL FOR MULTIPLE DEPOSITS VMS deposits occur in clusters; Escacena is about 5.8 times the area of the Neves-Corvo mine lease, which holds seven deposits NEVES-CORVO: 7 DEPOSITS IN ONE CLUSTER ESCACENA: MORE THAN 15 UNTESTED GRAVITY ANOMALIES Aznalcóllar Cluster est. 170 Mt Es
Slide 14: Escacena Project: Cañada Honda Large Copper/Gold Target
ESCACENA PROJECT: CAÑADA HONDA LARGE COPPER/GOLD TARGET Drill results: A Cañada Honda Target long section A’ CHD12 : 17m @ 1.6g/t Au, incl. 11m @ 2.4g/t Au CAÑADA HONDA: Untested Geophysics and Cu-Au Drill CHD08 : 14m @ 0.8% Cu, 0.4g/t Au, 4g/t Ag, incl. Resistivity Low Intercepts coincident 6.8m @
Slide 15: Escacena South: Trinidad & Carmen Targets
ESCACENA SOUTH: TRINIDAD & CARMEN TARGETS Trinidad and Carmen targets – High priority for drill testing Gravity Anomaly Map High-grade polymetallic massive sulphide 5.9% Cu, 2.9% Zn, 1.3% Pb, 0.21% Sn, 120 g/t Ag Portable XRF analysis of fines, June 2026 TSXV: PGZ | OTCQB: PGZFF | FRA: 2EU 15
Slide 16: Cármenes: New Gold Discovery in a Mining District
CÁRMENES: NEW GOLD DISCOVERY IN A MINING DISTRICT CÁRMENES PROJECT Cu-Co-Ni-Au 5,653 Ha Gold from surface at Providencia, plus 25 exploration targets; former copper, cobalt and nickel mines; 70 km east of operating Orovalle GIJÓN Mine (3 Moz Gold) Providencia: Gold from surface ORVANA PVD15: 15 m at
Slide 17: Providencia Target: New Gold Discovery
PROVIDENCIA TARGET: NEW GOLD DISCOVERY Recent results include: 80m @ 2.36 g/t Au Continuous zone Surface Channel sampling 83m @ 1.74g/t Au From 9 meters Drillhole PVD16, includes 2.65 g/t Au over 12 meters 15m @ 3.9g/t Au From surface Drillhole PVD15, includes 8m @ 6.8 g/t Au 34m @ 3.4g/t Au Drillho
Slide 18: Providencia Target: Drillhole PVD16 83 m @ 1.74 g/t Au
PROVIDENCIA TARGET: DRILLHOLE PVD16 83 m @ 1.74 g/t Au from 9 m Widest high-grade intercept to date High-grade mineralization extends From surface open laterally & at depth Significant scale & grade Breccia system Within a multiphase hydrothermal breccia system Reference: See more detailed results a
Slide 19: Cármenes Project: Highly Prospective
CÁRMENES PROJECT: Highly Prospective PROVIDENCIA Soil Copper (ppm) pXRF 0 - 40 41 - 80 81 - 160 161 - 320 Soil Geochemistry highlights >320 additional discovery potential near Providencia PROVIDENCIA W • Soil Geochemistry of only ~5% 1 km of Project area • Drilling planned at Profunda • Sampling in
Slide 20: Pan Global: Capital Structure & Institutional Alignment
PAN GLOBAL: CAPITAL STRUCTURE & INSTITUTIONAL ALIGNMENT CAPITAL STRUCTURE (as of November 1, 2026) Cash: CAD$9.6 million1 Alpayana SAC: 19.5% Fully funded 20,000-meter drill cornerstone shareholder Market Cap at $0.16 (CAD$M) $65.5M campaign Shares Issued & Outstanding 409.6M High insider conviction
Slide 21: Scaling Discoveries: Building value in the Iberian Pyrite Belt
SCALING DISCOVERIES PanGlobalResources PanGlobalResources Building value in the Iberian Pyrite Belt PanGlobalResources PanGlobalResources Suite 700 – 838 West Hastings Street Vancouver BC, V6C 0A6, Canada PanGlobalSpain PanGlobalSpain T: +1-236-886-9518 E: investors@panglobalresources.com Pan Global
Slide 22: Appendix & References
APPENDIX & REFERENCES TSXV: PGZ OTCQB: PGZFF FRA: 2EU 26
Slide 23: Board of Directors: Quality, Experience, Track Record
BOARD OF DIRECTORS: QUALITY, EXPERIENCE, TRACK RECORD Patrick Evans – Chairman: Company Maker, M&A Roger Davey – Director: Mining & Finance ▪ 40+ years senior mining leadership and M&A experience ▪ 40+ years operational and management experience in mining in Europe, ▪ Led more than a dozen mining co
Slide 24: Leadership Team: Professional, Depth, and at All Stages
LEADERSHIP TEAM: PROFESSIONAL, DEPTH, AND AT ALL STAGES TIM MOODY – President, CEO and Director JASON MERCIER – Vice President, Investor Relations ▪ 35+ years in mineral exploration, resource assessment, business development and ▪ 25+ years investor relations and communications experience in the min
Slide 25: Exploration Timeline: Three Mineralized Discoveries
EXPLORATION TIMELINE: THREE MINERALIZED DISCOVERIES 20,000-meter drill program Three mineralized discoveries; 40+ targets (15+ Escacena, 25+ Cármenes) Oct 2019 Sep 2024 Oct 2025 Dec 2025 2026 16,745 ha 15+ targets incl. Escacena South (no modern La Romana La Romana Escacena South La Romana Maiden Ph
Slide 26: La Romana: Iberian Pyrite Belt Deposit Depth Comparison
LA ROMANA: IBERIAN PYRITE BELT DEPOSIT DEPTH COMPARISON PGZ MATSA (Sandfire) Boliden Cerrado First Atalaya Atalaya Depth La Romana Quantum Gold Depth 0m 0m Sotiel Top of Gossan Cerro Colorado -150m base of pit 400m La Romana: Base of pit -250m? Mines Lagoa Salgada 120-400m below surface Copper From
Slide 27: References: Notes to Escacena Project Mineral Resources
REFERENCES: NOTES TO ESCACENA PROJECT MINERAL RESOURCES CuEq: Copper equivalent; g/t: Grams per tonne; kt: Thousand tonnes; ppm: Parts Per Million; Mt: Million tonnes; Moz: Million ounces; koz: Thousand ounces Estimation Methodology: The MREs for La Romana and Cañada Honda were prepared by Orelogy C
Slide 28: References: Copper Company Comparison
REFERENCES: COPPER COMPANY COMPARISON Atalaya Mining plc 2022-09-16 – “Technical Report on the Riotinto Copper Project” Submitted date: 2022-10-05 Source: SEDAR https://wp-atalaya-mining-2022.s3.eu-west-2.amazonaws.com/media/2023/01/2022.09-ATYM-Riotinto-NI-43-101- Technical-Report-vF.pdf 2023-03-24
Slide 29: References: Pan Global Releases
REFERENCES: PAN GLOBAL RELEASES Pan Global Resources Inc.: Escacena Project Mineral Resource Estimates 2025-12-31 – “Pan Global Announces Maiden Mineral Resource Estimates for the Escacena Project in the Iberian Pyrite Belt, Spain” Effective date: December 31, 2025. Table 1 (p. 2). Source: PGZ websi
Slide 30: References: Market, Spain and Figures
REFERENCES: MARKET, SPAIN AND FIGURES Copper market, supply and policy World Bank 2026-09 – “Commodity Price Data (The Pink Sheet)”, September 2026: copper annual averages 2023-2025, quarterly Q1 2025-Q2 2026, monthly July-August 2026 (August 2026 average US$14,326/t), with 2019 from World Bank hist
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