Envirogold Global Limited · TSXV:NVRO
Envirogold Global — NVRO Metals — Investor Presentation (August 2026)
29 slides from Envirogold Global's investor presentation, August 2026
Slide 1: Critical Minerals Production Investor Presentation
CRITICAL MINERALS PRODUCTION TARGETED CASH FLOW POSITIVE FROM Q4 2027 Cu , Co, N i, Metal Processin g H ub INVESTOR PRESENTATION TSXV: NVRO | OTCQB: ESGLF | www.nvrometals.com TSXV:NVRO | www.nvrometals.com www.nvrometals.com | ©2026 August 2026 1
Slide 2: Disclaimers and forward-looking statements
Disclaimers and forward-looking statements Disclaimer Forward-Looking Statements the Company’s objectives and plans will be achieved in any specified time frame, if at all. The information contained in this presentation has been prepared by NVRO Metals Limited Certain statements in this presentation
Slide 3: NVRO Metals Snapshot (TSXV:NVRO)
NVRO Metals Snapshot (TSXV:NVRO) NVRO Metals Snapshot (TSXV:NVRO) Corporate Summary1 Board Share Price 31 July 2026 C$0.19 Director Role Director Role Shares on issue 529m Non-Executive David Cam Executive Chairman Allan Bezanson Director Market Capitalization C$100.5m Director Nominee, Phil Creagh
Slide 4: Executive Team & Strategic Industry Partners
Executive Team & Strategic Industry Partners Grant Freeman Royston Denysschen Karina Nott Chief Executive Officer Chief Operating Officer Chief Financial Officer Corporate Secretary • Execution • Mineral commodity trading • Financial strategy & capital markets • Capital markets • Business developmen
Slide 5: Investment Highlights
Investment Highlights Building the Future of Critical Minerals Processing NVRO combines proprietary technology, industrial infrastructure and near-term production into a scalable metals processing platform NVRO Process Technology Proprietary hydrometallurgical technology Industrial-Scale Infrastruct
Slide 6: Why NVRO?
Why NVRO? Every stage creates value while enabling the next stage of growth NVRO combines proprietary technology, industrial-scale infrastructure and near-term production into a scalable platform designed to generate cash flow, commercialize the NVRO Process and replicate Metals Hubs across Tier 1 m
Slide 7: The NVRO Opportunity – Primary Ore and Tailings Reprocessing
TECHNOLOGY NVRO Process The NVRO Opportunity – Primary Ore and Tailings Reprocessing Treatment of Complex, Polymetallic Sulfide Ores (e.g. Browns Sulfide) – 59.4Mt @ 1.90% CuEq What is the High Value 1. TAILINGS Concentrate NVRO Process Environmental Benefits A proprietary hydrometallurgical ~99% re
Slide 8: The NVRO Process Technology Development to Production
TECHNOLOGY NVRO Process The NVRO ProcessTM Technology Development to Production Rapid Deployment Pathway - Standardized Testwork and Feasibility NVRO Campus – Perth, Australia NVRO Metal Hub – NT, Australia Production Micro Plant – TRL7 Industrial Production Demonstration Plant TRL 9 Technology read
Slide 9: The NVRO Metal Hub
INFRASTRUCTURE NVRO Metal Hub The NVRO Metal Hub Accelerating Commercial Deployment of the NVRO Process The NVRO Metal Hub provides a permitted, built and equipped processing platform, enabling near-term production and the accelerated deployment of the NVRO Process at scale. Strategic Location: <100
Slide 10: NVRO Metal Hub Fly Over
INFRASTRUCTURE NVRO Metal Hub NVRO Metal Hub Fly Over Industrial-Scale Infrastructure Ready for Commercial Deployment MMD Sizer H2SO4 Lime Sag Mill Acid Leach Mill Thickener RIP CCD RIP Elution Offices Co-NI MHP Workshop Storage EW SX Tailings PLS and Raffinate Ponds Storage ~80% of infrastructure a
Slide 11: Why Was This Established Asset Available?
INFRASTRUCTURE NVRO Metal Hub Why Was This Established Asset Available? Commissioning and Production Post the GFC Related Metal Price Collapse . GFC Casualty • Copper successfully commissioned • Cobalt and Nickel plant had not completed commissioning Previous owner spent the 2006/2007 metal price bo
Slide 12: Commercial Validation
VALIDATION Customer Partnerships Commercial Validation Hecla Greens Creek – Industrial Production Campaign A signed MoU with a major mining company to validate the NVRO Process at industrial scale using customer-owned tailings feedstock Strategic Commercial Validation Why Greens Creek? Greens Creek
Slide 13: NVRO Metals Hub Mineral Resource
PRODUCTION C$44m p.a. FCF Near-term = Downside Protection NVRO Metals Hub Mineral Resource 78.00 Mt total resource independently modelled by Measured Group Supporting near-term oxide production and long-term sulfide development. 14.1 Mt @ 1.04% CuOx Eq 59.4 Mt @1.90% CuS Eq 73.5 Mt at 1.74% Cu Eq 94
Slide 14: Near Term Production
PRODUCTION C$44m p.a. FCF Near-term = Downside Protection Near Term Production Acquisition to first Critical Metal Production Existing infrastructure provides a low-capex pathway to production, creating the operating cash flow to fund technology deployment and future expansion 1 2 3 4 June 2026 3Q20
Slide 15: Multiple NVRO Hubs in Tier-1 Jurisdictions
SCALE Future Metal Hubs Multiple NVRO Hubs in Tier – 1 Jurisdictions Potential Sources of Government Funding A$7bn NAIF facility, secured to 30 June 2036 US$10bn+ critical minerals mechanisms C$2bn+ Federal and Ontario programmes Northern Australia Infrastructure Facility Ontario Critical Minerals I
Slide 16: NVRO Metals Hub - Scaling & Replicating
SCALE Future Metal Hubs NVRO Metals Hub - Scaling & Replicating Critical Mineral Production in Tier 1 Jurisdictions – 3 year vision NOW 2027 2028 2029 2030 2031 2032 2033 2034 2035 10 YEARS NVRO Metal Hub Australia NEAR TERM OXIDE CASH FLOWS 2027 Nov 2027 production starts Generate early cash flow a
Slide 17: Benchmarking NVRO vs Mineral Processing Tech Industry Peers
Benchmarking NVRO vs Mineral Processing Tech Industry Peers Closing the Technology Valuation Gap Pathway to TRL 8 TRL 9 - 2029 $1.3bn December 2026 NVRO Metals Hub Production Hecla Production advances commercial As we progress the Technical Report, a $1.1bn rerating consistent with our Mining Tech D
Slide 18: NVRO Vertically Integrated Technology & Resource Comparable
NVRO Vertically Integrated Technology & Resource Comparable These two companies share a unique positioning in the market with an Intellectual Property led critical minerals production that is backed by a mineral resource $250 In-situ value per tonne of ore (US$) (Browns Sulfides) $200 $205.58 per to
Slide 19: Building the Future of Critical Minerals Processing
Building the Future of Critical Minerals Processing Investment Thesis PROPRIETARY TECHNOLOGY Proprietary NVRO Process recovers critical and precious metals efficiently and sustainably. NVRO is building a scalable NEAR-TERM PRODUCTION critical minerals processing Oxide project targeted to deliver fir
Slide 20: Building the Future of Critical Minerals Processing
Building the Future of Critical Minerals Processing Contact: NVRO Metals Limited Grant Freeman, CEO 1890 – 1075 West Georgia St. grant.freeman@nvrometals.com Vancouver, BC, V6E 3C9 www.nvrometals.com Royston Denysschen, COO royston.denysschen@nvrometals.com Investor Relations TSXV: NVRO | OTCQB: ESG
Slide 21: Mineral Tenements
48 Mineral Tenements NVRO Metal Hub, NT, Australia TSXV:NVRO | www.nvrometals.com www.nvrometals.com | ©2026 21
Slide 22: Oxides NI 43-101 Mineral Resource Estimates
Oxides NI 43-101 Mineral Resource Estimates Mineral Resource Estimates as at 31st May 2026 Browns Oxide Mineral Reserve Estimate Classific Tonne CuOxE Tonn ation s (Mt) q% Cu % Pb % Zn % Co % Ni % Class ifica Cu % Pb % Zn % Co % Ni % Tonnes Payable Metal (t) es CuOx tion Classification Source Cu % C
Slide 23: Sulfides NI 43-101 Mineral Resource Estimates
Sulfides NI 43-101 Mineral Resource Estimates Mineral Resource Estimates as at 31st May 2026 Tonnes CuSEq Classification Tonnes CuSEq Cu % Pb % Zn % Co % Ni % Ag ppm Classification Cu % Pb % Zn % Co % Ni % Ag ppm (Mt) % (Mt) % Browns Sulfide Resource (MLN) Consolidated Browns-Browns Sulfide Mineral
Slide 24: Sulfide Development Strategy - Optimize Value
Sulfide Development Strategy - Optimize Value Increase value by converting resource to reserve AND retain processing margin and metal credits RESOURCE TODAY CONVERT TO RESERVE PARTNER & RETAIN Technical Report for Experienced Mining Joint Venture partner to 59.4 Mt @ 1.90% CuEq Resource-to-reserve c
Slide 25: NVRO Metals Hub
NVRO Metals Hub Global Reference Site for an integrated Critical Minerals Production Hub PROPOSED SOURCES OF CAPITAL Convert Sulfide M+I resources into Reserves 2027 59.4 Mt M+I @ 1.90% CuEq, ~90% conversion. Reserves are what a JV Sulfide JV proceeds Equity partner and a lender can fund against. Mo
Slide 26: True Circular Mining: Delivers C$40m Additional FCF
True Circular Mining: Delivers C$40m Additional FCF Profitability through commodity cycles from reduced OPEX Delivers A$58m pa in Additional Margin NVRO Process Sulfide → sulfuric acid SULFIDES NVRO feedstock Sulfide concentrate No neutralization costs Metal recovery Sulfuric SX-EW & MHP Acid Free a
Slide 27: Installed Copper Cathode + Cobalt-Nickel Intermediate Circuit
Installed Copper Cathode + Cobalt-Nickel Intermediate Circuit Fully constructed hydrometallurgical circuit producing LME-grade copper cathode, with IX recovery of cobalt and nickel as a mixed hydroxide precipitate (MHP). Installed plant and infrastructure, battery-metal potential, minimal refurbishm
Slide 28: Simplified Heap Leach Design Using Existing Infrastructure
Simplified Heap Leach Design Using Existing Infrastructure Production from Existing Stockpiles, Browns Pit and Area 55. All located on existing Mining Leases. Measured and Indicated Resources only TSXV:NVRO | www.nvrometals.com www.nvrometals.com | ©2026 28
Slide 29: Capex Intensity – Global Peer comparison
Capex Intensity – C$/t CuEq Annual Capacity: Global Peer comparison Indicative benchmarks from public disclosures, CAD = .98 AUD| Sorted highest to lowest | NVRO Metals projects highlighted Global industry peers (indicative) NVRO Metals projects Greenfield average reference line C$50.96k C$50k/t C$4