Slide 1: Copper-Tin-Gold Discovery in Spain
Copper-Tin-Gold Discovery in Spain Aznalcóllar-Los Frailes Mine Las Cruces Mine Infrastructure ESCACENA PROJECT PDAC 2025 INVESTOR PRESENTATION March 2025 TSXV: PGZ | OTCQX: 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: Capital Structure: Strong Shareholder Base
CAPITAL STRUCTURE: STRONG SHAREHOLDER BASE COMPANY STATISTICS (As of February 26, 2025) PAN GLOBAL SHAREHOLDERS Shares Outstanding (M) 303.89M Warrants (M)* 60.56M 7% Institutional Options/RSUs/DSUs (M) 24.15M HNW 30% Retail Shares Fully Diluted (M) 388.6M Insiders Market Cap @ $0.14 (CAD$M) $50.9M
Slide 4: Share Price Recovery: Gold Discovery & New Targets Build Support
SHARE PRICE RECOVERY: GOLD DISCOVERY & NEW TARGETS BUILD SUPPORT January 27: 24.3 g/t gold, 16.2% copper sampled at Cármenes November 7: close upsized C$7.2M private placement TSXV: PGZ | OTCQX: PGZFF | FRA: 2EU
Slide 5: Focus on Discovery of Copper Spain
FOCUS ON DISCOVERY OF COPPER Flagship Escacena Project – Iberian Pyrite Belt Cu Ni Co Au Cármenes . Providencia • District has the world’s largest concentration of supergiant . Profunda (100Mt+) volcanogenic massive sulphide (VMS) deposits • Large producing mines and development projects; major oper
Slide 6: Multi-Target 2025 Exploration Plan
MULTI-TARGET 2025 EXPLORATION PLAN Targeting Maiden Resource & Discovery of new deposits • Multi-target drill program underway with 3 drill rigs currently operating, 20-30 drillhole program (7,000 m) • Escacena Project: 1. La Romana expansion, resource delineation drilling 2. Multiple new drill targ
Slide 7: 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 admini
Slide 8: Outstanding Location
HUELVA province Aguas Teñidas Magdalena TSXV: PGZ | OTCQX: 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 9: Escacena: Excellent Location, Nearby Mines and Infrastructure
ESCACENA: EXCELLENT LOCATION, NEARBY MINES AND INFRASTRUCTURE Cañada Honda Aznalcóllar Village Copper, Gold, Silver Aznalcóllar Los Frailes Open Pit Open Pit Las Cruces 5 km PAN GLOBAL Open Pit Mine ESCACENA PROJECT 4.5 km 1.5 km 16 km Bravo >5,700 Ha New Mine Target Pending final permit La Romana I
Slide 10: Escacena Project: High Potential to Add New Copper Discoveries
ESCACENA PROJECT: HIGH POTENTIAL TO ADD NEW COPPER DISCOVERIES • La Romana discovery coincident with a gravity geophysics target • VMS deposits typically occur in clusters • Fast-tracking testing of new targets in 2025 Grupo México Escacena Project Minera Los Frailes 730000 735000 740000 745000 4158
Slide 11: Escacena Project: 100 Million Tonne Objective
ESCACENA PROJECT: 100 MILLION TONNE OBJECTIVE 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 mines in the area • Ma
Slide 12: 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 Lundin Ascendant 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 Lagoa
Slide 13: La Romana: Significant Upside Potential
LA ROMANA: SIGNIFICANT UPSIDE POTENTIAL • Copper-tin-silver over 1.5km east-west Block Model CuEq% 1 LONG-SECTION • Near-surface to +400 m depth A WEST B EAST • 183 drill holes: 36,000m+ of drilling Depth • Expansion/delineation drilling underway 0m CuEq % • Advanced metallurgical tests complete -15
Slide 14: La Romana: Near Surface, Highly Continuous, Predictable
LA ROMANA: NEAR SURFACE, HIGHLY CONTINUOUS, PREDICTABLE Recent drilling & down-hole geophysics shows Highest grades and thickness near surface: mineralization is open to the west and down-dip Favourable flat topography with thin cover B B’ 52.6m 52.6m @@0.90.9 (0.8 (0.8/ 0.05 / 0.05/ 3.8) / 3.8) Inc
Slide 15: La Romana: Significant Upside Potential
LA ROMANA: SIGNIFICANT UPSIDE POTENTIAL PLAN VIEW Copper Grade x Thickness Copper Grade Increasing CURRENTLY DRILLING 20.0 – 51.2 15.0 – 20.0 A’ WEST EXTENSION 10.0 – 15.0 5.0 – 10.0 2.0 – 5.0 B’ 1.0 – 2.0 0.5 – 1.0 Historical Mine Workings A Higher Copper Cu >10m to to 51.2m CuEq B Sn Ag %xm TSXV:
Slide 16: La Romana: Best Copper Metallurgy in the Iberian Pyrite Belt
LA ROMANA: BEST COPPER METALLURGY IN THE IBERIAN PYRITE BELT Metallurgical Cu recovery vs Cu concentrate grade Based on most recently published data available* Metallurgy tests sets La Romana apart La Romana • Copper recovery of up to 88% Pan Global • Concentrate grade up to 32.5% Cu • Tin co-produc
Slide 17: La Romana: Tin Metallurgy Shows Premium Concentrate
LA ROMANA: TIN METALLURGY SHOWS PREMIUM CONCENTRATE • Tests confirm high-quality tin concentrate by conventional gravity separation • High tin concentrate grades of 63.2%, and 63.9% recoveries • Very low deleterious minerals • Simple processing flowsheet Sources: “Pan Global Achieves Excellent Tin R
Slide 18: La Romana: Compounding Value-Enhancing Attributes
LA ROMANA: COMPOUNDING VALUE-ENHANCING ATTRIBUTES PAYABLE CREDITS - TIN & SILVER LOW DELETERIOUS METALS Work in Progress: • Resource delineation drilling LOWER RISK - HIGHER VALUE HIGH COPPER RECOVERIES • Block model and open pit studies COURSE GRAINED = LOWER ENERGY • Baseline environmental studies
Slide 19: Escacena Project: Targeting Additional Copper Discoveries
ESCACENA PROJECT: TARGETING ADDITIONAL COPPER DISCOVERIES • 2025 Plan includes 2 drill rigs at Escacena, 22+ drillholes, ~6,200 m • La Romana expansion/delineation • Drilling on multiple new targets • Maiden La Romana NI 43-101 Mineral Resource Estimate • Exploration advancing and prioritizing new d
Slide 20: Escacena Project: Bravo Maiden Drill Program
ESCACENA PROJECT: BRAVO MAIDEN DRILL PROGRAM • Strong indicators of mineralization along- Bravo trend 1km east of La Romana • Coincident Pb-Zn-Ag in soil, strong 2.0km x 1.5km gravity and electromagnetic anomalies • Target area larger than La Romana 735000 736000 737000 738000 739000 740000 Gravity
Slide 21: Escacena Project: Timeline & Development Pathway
ESCACENA PROJECT: TIMELINE & DEVELOPMENT PATHWAY* • First drill results commencing March-April from drilling at La Romana and new targets • Bravo drilling commencing • Complete current 7,000-meter drill plan by mid-2025 • La Romana maiden Resource Q3/Q4 La Romana La Romana La Romana La Romana La Rom
Slide 22: 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 identify high gold zone (37m @ 3.11 g/t Au) >5,600 Ha 55km Work in progr
Slide 23: Cármenes Project: Providencia & Profunda Sections
CÁRMENES PROJECT: CÁRMENES PROJECT:PROVIDENCIA PROVIDENCIA&&PROFUNDA PROFUNDASECTIONS SECTIONS Providencia Profunda WEST EAST WEST EAST High grades in 21279 D808463 Elevation (m) 21280 21278 D808457 Elevation (m)1500 La Cuevona D808477 D808478 underground sampling D808458 26623 21277 D808459 D808460
Slide 24: Cármenes Project: Copper Soil & Geochemistry
CÁRMENES PROJECT: CÁRMENES PROJECT:PROVIDENCIA COPPER SOIL & PROFUNDA SECTIONS GEOCHEMISTRY Highlights Providencia & Profunda Targets • 1,089 pXRF soil samples • Survey area less than 5% of Cármenes Project • Prominent Cu anomalies at 1 km Providencia and Profunda targets • Numerous other targets •
Slide 25: Providencia Target: Highly Anomalous Soil
PROVIDENCIA TARGET: HIGHLY ANOMALOUS SOIL Cu, Au, Ni, Co, Pb, Ag, PGE Detailed sampling expands mineralization footprint, adds high gold zone COPPER GOLD Geology map, soil copper anomaly includes up to 16.2% Cu; Geology map, soil gold anomaly includes up to 24.3g/t Au; associated anomalous Ni, Co, P
Slide 26: Providencia Target: Trench & Channel Sampling
PROVIDENCIA TARGET: TRENCH & CHANNEL SAMPLING Gallery 2 3m @ 1.48 g/t Au 37 m @ 3.11 g/t Au - open • New high-grade gold zone outside Providencia mine workings 22 samples avg. 2.53% Trench 3 • No past drilling Cu, 1.28% Ni, 0.68% Co, 0.6g/t Au, 3.1g/t Ag 20m @ 1.74 g/t Au • First drillhole commenced
Slide 27: Providencia Target: Surface Trench & Channel Cross Sections
PROVIDENCIA TARGET: SURFACE TRENCH & CHANNEL CROSS SECTIONS Gallery 1 - 37m @ 3.11 g/t Au Trench 3 - 20m @ 1.74 g/t Au, 11.2 g/t Ag, 0.05% Cu, incl. 6 m @ 7.7 g/t Au, up to 14.95g/t Au 0.07% Co, 0.06% Ni, 0.64% Pb Ends in 6.56 g/t Au ? *Source: Media release and references therein “Pan Global Sample
Slide 28: Catalysts 2025
TSXV: PGZ | OTCQX: PGZFF FRA: 2EU CATALYSTS 2025 Anticipated High News Flow ❑ La Romana expansion drilling - underway Advanced ❑ Drilling multiple new targets including Bravo ~1km east of La Romana - underway Copper Discovery ❑ Cármenes drilling - underway Strong Target ❑ La Romana maiden Mineral Re
Slide 29: 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 30: Appendix
APPENDIX PAN GL&@BAL —— RESOURCES INC — 30
Slide 31: 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 32: 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 33: 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 34: Board of Directors
TSXV: PGZ | OTCQX: PGZFF FRA: 2EU PATRICK EVANS – Chairman TIM MOODY Patrick is a senior mining executive with more than 20 years of Tim has more than 35 years of experience in the mining industry leadership and M&A transactional experience. He is the current including mineral exploration, resource
Slide 35: 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 36: Copper Added to European Critical Raw Materials Act
COPPER ADDED TO 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 Potentially beneficial actions under the Critical Raw Materials Act include: •
Slide 37: 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.