Sendero Resources Corp. · TSXV:SEND
Sendero Resources — Investor Presentation (May 2026)
23 slides from Sendero Resources's investor presentation, May 2026
Slide 1: Exploring Copper-Gold Assets at Peñas Negras
Exploring Copper-Gold Assets at PEÑAS NEGRAS TSXV: SEND Ritsuko Los Helados Cerro Verde Lunahuasi Cerro Verde Sur Norte Tamberías Josemaría La Peña Punta Negra La Ollita Corporate Presentation Surrounded by Giants May 2026 in the Vicuña District, Argentina
Slide 2: Notice to Potential Investor
Notice to Potential Investor Disclaimer and Caution This presentation amends and restates in its entirety the Investor Presentation of the Any copying, reproduction, republishing, translation, transmission, modification, distribution or Corporation dated July 9, 2025 titled “Exploring the Copper-Gol
Slide 3: Why Invest in Sendero Resources
Why Invest in Sendero Resources Peñas Negras Buenos Aires ARGENTINA Prime Jurisdiction Outstanding Team Attractive Valuation 100% ownership of 120 km2 of claims Alex Gostevskikh, MS Geology, MBA, Attractive entry point to in highly prospective areas with QP MMSA, over 40 years of participate in the
Slide 4: Key Personnel
Alex Gostevskikh, QP MMSA Dave Cross CEO & Director CFO Over 40 years of experience in international mining CPA with over 30 years of experience specializing in and exploration, specializing in mineral exploration and accounting and management services to publicly development of orogenic gold style
Slide 5: Argentina is open for Business
Argentina is open for Business Figure 10: Investment Attractiveness Index - Argentina, Latin America, ● 3rd Largest Economy in Latin America and the Caribbean Basin ● 10 Operational Gold Mines. 5th largest producer in Latin America Guayana* ● The Incentive Regime for Large San Juan Investments (RIGI
Slide 6: The Vicuña District
THE VICUÑA DISTRICT A Geological Hotspot (El Indio to Maricunga) • 40% of the world’s current copper supply comes from several giant deposit clusters in the central Andes1 • The region traditionally had two recognized Cu-Au-Mo porphyry belts — the Maricunga Belt and the El Indio Belt, separated by a
Slide 7: Emerging Vicuña Belt
EMERGING VICUNA BELT Giant Cluster of Telescoped Porphyry Systems • Vicuña belt formally defined for the first time in May 2023 by Sillitoe et al1, in geological paper: Geology of Porphyry Cu-Au and Epithermal Cu-Au-Ag Mineralization at Filo del Sol, Argentina- Chile: Extreme Telescoping During Ande
Slide 8: Peñas Negras Project Overview
PEÑAS NEGRAS Project Overview • 100% ownership of 120 km2 of claims with option to earn 100% in additional 91.7 km2 for total of 211.7 km2 • Surrounded by world-class giant discoveries: Vicuña (Josemaria & Filo del Sol) - JV between Lundin Mining & BHP; One of the world’s largest copper, gold, and s
Slide 9: Peñas Negras Key Takeaways
Peñas Negras Key Takeaways Vicuña Cu-Au deposits occur along crustal north-vergent Peñas Negras structural corridors of Frontal Cordillera. Reactivated ~20 million years ago, these structures created Buenos Aires Los Helados Peñas Negras favorable conditions for Miocene dioritic intrusions. Oblique
Slide 10: The Vicuña Copper-Gold Belt
Felsic volcanics (N) The Vicuña Copper-Gold Belt Volcaniclastics (P) Intermediate volcanics (CZ) Undifferentiated volcanics (K) Volcaniclastics (MZ-CZ) Peñasegras Felsic basement (P-T) Neogene phreatomagmatic volcanism developed along Andean-transverse faults (e.g. the Copiapó ATF), and subsidiary N
Slide 11: Excellent Infrastructure
Excellent Infrastructure Caserones Access Road 22 km The current access road provides two logistical routes: Guandacol and Vinchina CHIL Caserones E Lundin Mining/JX Nippon Production Los Helados km Peñas Negras 14 Sendero Resources Development Los Helados Exploration NGEx Minerals km km 28 Lunahuas
Slide 12: Extensive Database
Extensive Database In addition to several airborne geophysics programs, the project area has been trenched and drilled. A comprehensive compilation of geophysical, super-spectral, and geochemical data is being completed with a view to produce a camp-scale integrated geological model with prioritized
Slide 13: Peñas Negras Project Historic Drilling
Peñas Negras Project Historic Drilling ● 9,645 m - RC drilling by Eldorado ● 1,902 m - Core drilling by Eldorado ● 422 m - RC drilling by Minera Solitario ● 1,742 m - Core drilling by Anglo American ● 3,128 m - Core drilling by Sendero Resources Drilling tested geochemical and geophysical targets in
Slide 14: Historic Drill Highlights
Historic Drill Highlights Hole Id From, m To, m Interval, m Au, ppm Cu, ppm CEV11DDH003 138 150 12 0.09 2037.00 CEV11DDH003 496 500 4 0.01 9355.00 PND-01 164.25 195.55 31.3 0.42 366.01 incl 167.35 169 1.65 4.47 230.00 PND-02 54.6 89.05 34.45 0.69 1367.95 PNR-03 34 100 66 0.87 1190.67 incl 52 86 34 1
Slide 15: Conceptual Model
Conceptual Model El Indio Vicuña Maricunga Peñas Negras (intermediate (thicker crust) thickness crust) Cu-Au HS Epithermal porphyry Buenos Aires Cu-Mo HS Epithermal (23-15 Ma) (12-8 Ma) (15-12 Ma) porphyry (11-5 Ma) ARGENTINA a) s M ra 4 ría g N -2 a e S Fi lo ( 1 5 Jo sem P eña sN Veladero Vacas He
Slide 16: District Structural Framework
Peñas Negras Project District Structural Framework ● Filo, Josemaria, and Penas Negras at the same scale ● The N-vergent reverse faults reactivate in the Late Oligocene ● Miocene intermediate intrusions enter the NE-verging pathways Alluvium, colluvium (Miocene- Volcanics and sediments (Triassic-Cre
Slide 17: Peñas Negras Project Lithology
Litholo gy 01. Q - Alluvium, colluvium Peñas Negras Project 02. N2 - Andesite (Veladero) 03. N1b-c - Dacite volcaniclastics (Vacas Heladas) 03. N1b-c - Diorite (Vacas Heladas) ul t 04. N1b-c Breccia phreatomag (Vacas Heladas) Fa 05. N1b - Dacite porphyry (Escabroso) tes 06. N1a-b - Andesite volcanic
Slide 18: Neighbourhood Road to Value Creation
Neighbourhood road to Value Creation NGEX vs. FILO MARKET CAP (CS) 2009 NGEx Market Cap Filo Market Cap 3 early stage exploration projects in the emerging Vicuña Cu-Au Belt $3.0B Filo added to TSX SPUN ACQUISITION FOR Composite Index $2.5B 2016 $4.5B BHP Investment into Filo $2.0B SPUN ACQUISITION F
Slide 19: Top Drill Intercepts of Vicuña Juniors
Top 20 drill intercepts By rock value, of Vicuña juniors <$100M Market Caps $4,671 PNDH-03 $4,406 PNDH-04 Top 20 drill intercepts, PNDH-06 $3,788 by rock value, DDHTOL02 $3,595 $2,670 of Vicuña Juniors PNDH-03 FS_DDH_001 $2,178 <$100M MarketCarps DDHTOL02 $2,037 $1,794 Intercept (HoleID) FS_DDH_002
Slide 20: Sendero Peer Comparables - Undervalued, Poised to Re-rate
Sendero Peer Comparables - Undervalued Poised to Re-rate Juniors in the Vicuña 600 550 500 450 400 350 CAD Millions 300 250 200 150 100 50 0 Aldebaran Andina Mogotes Astra Minsud Gold Hart Sendero Mirasol Latin Metals Resources Copper Metals Resources Exploration Copper Resources Resources Inc. (TSX
Slide 21: Capital Structure
Summary Details Shares Outstanding 26,549,623 Warrants 12,149,604 Options 2,545,000 Market Capitalization 14/5/26 @$1.62 $43M CAD Capital Structure Long Term Management Shareholders and Advisors 11% 12% Foundational Investing Group Key Backers Include: • Peter Marrone (Founder, Retail 29% Yamana Gol
Slide 22: Peñas Negras Panoramic View
Peñas Negras Panoramic View Tamberías Cerro Verde Sur Ritsuko Cerro Verde Sur Lunahuasi (Dome) Josemaría La Ollita Camp Punta Negra 22 | Corporatel Presentation | senderoresources.com
Slide 23: Contact Us
CONTACT US info@senderoresources.com Senderoresources.com TSXV: SEND