Solaris Resources Inc · TSX:SLS
Solaris Resources — Investor Presentation (May 2026)
25 slides from Solaris Resources's investor presentation, May 2026
Slide 1: Corporate Presentation May 2026
Corporate Presentation May 2026 1
Slide 2: Forward-Looking and Cautionary Statements
Forward-Looking and Cautionary Statements This presentation does not constitute an offering of securities and the information contained herein is subject to general business and economic conditions; the Company’s ability to develop and maintain relationships with the information contained in the con
Slide 3: Forward-Looking and Cautionary Statements
Forward-Looking and Cautionary Statements Cautionary Note Regarding Non-IFRS Measures applicable provisions of the securities legislation of their province for the particulars of these rights or consult with a legal adviser. This presentation refers to various non-IFRS measures, such as “all-in sust
Slide 4: Solaris Investment Case
Solaris Investment Case PFS confirms Warintza’s Tier 1 status Global scale resource with multi-decade mine life and first quartile costs driving significant EBITDA and FCF District scale potential with exploration upside and no attachment to a major One of the few copper projects globally with multi
Slide 5: Value Catalysts Driving a Step-Change Re-Rating
Value Catalysts Driving a Step-Change Re-Rating Unlocking the near-term value levers is a priority Warinzta Project De-Risking (Ecuador) District Consolidation Strategy ▪ Globally significant near-term project ▪ Significant greenfield opportunities at Warintza ▪ Expect to be fully permitted by YE 20
Slide 6: PFS Highlights
PFS Highlights Confirms Warintza’s Status as a Tier 1 Project Key Features of Warintza Key PFS Outputs 312% increase in M&I Mineral Resources compared to the 2024 MRE Production (CuEq)(1) Reserve Life LOM Strip Ratio Downhill loaded haul from pit drives 304kt 242kt +20 Years 0.53:1 (Avg. Y1-5) (Avg.
Slide 7: Significant Resource Base & Production Scale
Significant Resource Base & Production Scale Global Scale & Strategic Flexibility Ore Reserves & Mineral Resources (contained CuEq kt) Average Annual Copper Equivalent Production (ktpa)(1)(2) Reserves for 22-year operation Further Reko Diq Exploration Warintza (Yr 1-5) 304 Potential Significant pote
Slide 8: Low Capital Intensity
Low Capital Intensity Highly attractive capital intensity relative to peers and industry leaders Key Drivers of Warintza’s Capital Intensity Benchmarking (US$/t CuEq) Low Capital Intensity (4) $23,000 Substantial existing infrastructure (3) $21,000 (2) $15,000 - $20,000 Low average elevation of 1200
Slide 9: Low Strip Ratio
Low Strip Ratio Warintza boasts one of the highest strip-adjusted grades of any copper development project globally Advantage of close to Strip-Adjusted Grade Benchmarking(1) surface ore body Minimal waste removal Copper Head Grade (%) LOM Strip Ratio Strip-Adjusted Grade (%)(2) significantly reduce
Slide 10: Technical simplicity
Technical simplicity Environmentally Encapsulated Technical simplicity Conventional open pit mining methods Conventional processing equipment Operating at low elevation Principal access road Environmentally encapsulated Available fresh water to port Footprint encapsulated by the north, Substantial e
Slide 11: Social License to operate
Social License to operate Favourable Mining Jurisdiction Partnerships signed with all Indigenous Proactive engagement ensuring US$ denominated currency with stable organisations in the area of influence communities are informed & empowered fiscal regime FPIC informative process is to commence Export
Slide 12: Project Timeline
Project Timeline Growth & Derisking 2025 20261 2027 - 20302 Funded via US$200m financing package with Royal Gold US$200m Financing Package ENAMI 2 Option Agreement Construction Period May 2025 Q1/26 2027-2030 PFS Publication EIA Technical Approval November 2025 Q2/26 Updated MRE Exploitation Agreeme
Slide 13: District Potential and Scale
District Potential and Scale Warintza Cluster and District Opportunity 40km to Mirador Mine 80km to Fruta del Norte Resources at Warintza (Mt) Further Exploration Note: San-Carlos-Panantza are Potential in the independent of Solaris and are no Potential to become Inferred: 2,092 district guarantee o
Slide 14: Highly prospective copper & polymetallic projects
Highly prospective copper & polymetallic projects Non-core assets within the portfolio offer shareholders enhanced value 2026 Workplan PACO ORCO Peru LA VERDE Mexico Cu porphyry — Michoacán Polymetallic CRD — Ayacucho Development-stage copper porphyry ~320 km west of Mexico City; PEA Early-stage pol
Slide 15: Compelling Valuation
Compelling Valuation Solaris trades at a meaningful discount to peers and broker target prices, offering strong re-rating potential P / NAV (ratio) Pending Acquisition 1.17x 1.07x 1.00x 0.67x 0.68x 0.70x 0.57x 0.60x 0.50x 0.41x 0.28x 0.34x 0.23x 0.24x 0.12x Los Andes Hot Chili Western Northern ATEX
Slide 16: Solaris Investment Case
Solaris Investment Case PFS confirms Warintza’s Tier 1 status District scale potential with exploration upside and no attachment to a major Operational simplicity Social license to operate and favourable mining jurisdictions Early-stage Latam exploration portfolio Experienced team Fully funded to co
Slide 17: Appendix
SOLARIS RESOURCES Appendix
Slide 18: Solaris Capital Structure
Solaris Capital Structure(1) Strong alignment with stakeholders SHARE DISTRIBUTION CAPITALISATION TSX SLS Float NYSE SLSR 12% Management Basic Shares Outstanding 166.9 mm & Insiders 41% Fully-Diluted Shares Outstanding 178.0 mm Institutions 47% Close Price (SLS:TSX) March 31 2026 C$13.51 Basic Marke
Slide 19: Senior Management Team
Senior Management Team Diverse skillsets covering all critical elements required at this stage of Solaris’ development Matthew Rowlinson Richard Hughes Javier Toro Jorge Fierro President & CEO CFO COO VP Exploration Extensive leadership experience across Over 20 years of experience in the natural A
Slide 20: Large-scale, Low-cost Production
Large-scale, Low-cost Production Warintza to produce ~250ktpa CuEq over the first 15 years with first-quartile AISC First 10 years CuEq. Production (kt) By-Product AISC(US$/lb)(1): Reserve life continues for 20+ years $1.28 $0.47 $0.79 $0.63 $1.14 $1.07 $0.89 $1.38 $1.08 $1.26 370 319 318 270 251 26
Slide 21: Significant EBITDA & FCF Generation
Significant EBITDA & FCF Generation 1st Quartile Costs Drive Significant EBITDA and FCF Generation First 10 years EBITDA (US$ mm) and EBITDA Margin(1) EBITDA EBITDA Margin 81% 78% Reserve life continues for 20+ years 76% 78% 71% 74% 71% 70% 70% 67% LOM Total EBITDA: US$25,433 mm $2,475 $2,062 $2,031
Slide 22: Plant
Plant Optimal layout and design with other infrastructure Highlights Throughput: 165,000 tpd Primary and secondary crusher Produce two separate concentrate: Cu concentrate with Ag and Au content Molybdenum concentrate Plant close to mine Plant is located at a higher elevation than the tailings manag
Slide 23: Tailings Management Facility
Tailings Management Facility Strategic Location Highlights Capacity: 1,300 M tonnes TMF with one principal dam and three smaller dams Center Line method with a rockfill starter dam and cyclone sand raising Water management with tailing beach's in all dams Slope stability following the Canadian Dam A
Slide 24: Infrastructure
Infrastructure Excellent access to infrastructure Existing road access to Warintza Project Concentrate transport route from the Bolivar Port to Warintza Project of ~340 Km Bolivar port will be primary destination for logistical purposes Connection to Bomboiza substation using an overhead transmissio
Slide 25: Solaris Resources AG
Solaris Resources AG Neuhofstrasse 5A, Baar, 6340, Switzerland info@solarisresources.com