Stardust Metal Corp. · TSXV:ZIGY
Stardust Metal — Investor Presentation (January 2026)
39 slides from Stardust Metal's investor presentation, Jan 1, 2026
Slide 1: Stardust Metal: Surrounded by Gold Majors, Built for Growth
STARDUST METAL Surrounded by Gold Majors, Built for Growth
Slide 2: Stardust Metal: Part of Ore Group
Stardust Metal : Part of Ore Group consists of in-house technical and financial expertise & is focused on premier jurisdictions & on metals with strong, long-term fundamentals AURIGINAL MINING AWALE AUME: TSXV METAL ENERGY AMERICAN EAGLE GOLD ARIC: TSXV Copper & Gold exploration MERG: TSXV AE: TSXV
Slide 3: Adjacent to Barrick, Agnico, Pan Am & Pierre Lassonde
ADJACENT TO BARRICK, AGNICO, PAN AM & PIERRE LASSONDE N Upper Beaver Kerr Addison Larder Macassa Stardust Stardust Stardust Omega McGarry Kirkland West M&I: 219.8 Koz @ 1.39 g/t Au M&I: 123 Koz @ 8.57 g/t Au Inf: 365.4 Koz @ 2.43 g/t Au Inf: 30 Koz @ 5.83 g/t Au Cadillac Break Macassa Kerr Addison E
Slide 4: Stardust Will Create Value
STARDUST WILL CREATE VALUE Stardust’s assets are on the world class Cadillac Break and adjacent to Agnico Eagle, Barrick, Pan American and Pierre Lassonde’s Gold Candle. We will expand, define and discovery gold resources 1) Grow and Focus on existing HIGH-VALUE Gold ounces • Update 43-101 Resources
Slide 5: What Is a High Value Ounce?
WHAT IS A HIGH VALUE OUNCE? A high value ounces is one that will actually be mined, and not all ounces are created equal. High-value ounces boost IRR, NPV and Payback for a mine by generating early cash flow. Then tend to be: 1) Near-surface and accessible 2) High-grade 3) Close to milling infrastru
Slide 6: Comparable Canadian Gold Projects
COMPARABLE CANADIAN GOLD PROJECTS Stardust is significantly undervalued relative to peer group. McGarry has high-value ounces: Select Ontario Gold Projects Nov 4 EV/AuEq AuEq Resources (US$/oz) (Moz) • Very High Grade Gold Grade Company Asset Stage EV (C$M) Total Total (g/t) • Underground access Gol
Slide 7: McGarry Project
MCGARRY PROJECT Cadillac Break N McGarry M&I: 123 Koz @ 8.57 g/t Au Inf: 30 Koz @ 5.83 g/t Au 7
Slide 8: McGarry Project
MCGARRY PROJECT High-grade, high-value ounces. Arjon Zone Kerr Deep Zone: extension of prolific Kerr Kerr Addison Addison – 11 Moz produced @ 9 g/t gold. McGarry Deposit M&I: 123 Koz @ 8.57 g/t Au Inferred: 30 Koz @ 5.83 g/t Au McGarry shaft for low capex underground Kerr Deep access. Zone Mill Tail
Slide 9: McGarry Deposit – Existing Resource – High Value Oz.
MCGARRY DEPOSIT – EXISTING RESOURCE – HIGH VALUE OZ. High Grade and Accessible Gold, Mined in 2012: Significant drilling not including in current resource model, including: McGarry Deposit • Under shaft’s Kerr Deep Zone. High Value Ounces M&I: 8.57 g/t Au 123 Koz • Near surface gold on strike to Gol
Slide 10: Kerr Addison Tailings: High Value Ounces on Surface
KERR ADDISON TAILINGS: HIGH VALUE OUNCES ON SURFACE McGarry contains the largest tailings deposit in the Kirkland Lake. High value ounces: shovel ready in-situ ounces on surface. McGarry Owns the Kerr Addison Next Steps determine: Kerr Addison Tailings • Tonnage High Value Ounces • Grade • Recover
Slide 11: McGarry Tailings: Right on the Highway
MCGARRY TAILINGS: RIGHT ON THE HIGHWAY Kerr Addison Tailings: High Value Ounces: Easy to mine, on the TransCanada Highway just KMs away from Kerr Addison and Agnico’s Upper Beaver 11
Slide 12: McGarry: Exploration Upside
MCGARRY: EXPLORATION UPSIDE Multiple zones with high- grade sampling. Arjon Zones are on the Cadillac break or splay structures. Kerr Deep N 12
Slide 13: Kerr Deep Zone: High-Grade, High-Value
KERR DEEP ZONE: HIGH-GRADE, HIGH-VALUE Extension of the historical Kerr Addison mine at depth. McGarry Mineralization: Kerr Deep Zone Section Mineralization U/G Workings McGarry Kerr Addison Existing Resource 215m 760m 1175m Kerr Deep Zone Open 1705m 13
Slide 14: Kerr Deep Zone: Known High-Grade Mineralization
KERR DEEP ZONE: KNOWN HIGH-GRADE MINERALIZATION Mineralization below and not part of Kerr Deep Zone Drilling Section existing resource. 730W 488W 245W 245E 488E Existing McGarry resource Mineralization Access deep zone via master hole at Drill Hole surface + wedge drilling at depth. 730m U/G Working
Slide 15: Barber-Larder: High-Value, Near Surface
BARBER-LARDER: HIGH-VALUE, NEAR SURFACE Shallow open pit mine (46 metres deep) in 1987 – 1988. Deposit open to at least 600m depth at similar grades. Mineral resource estimate planned for 2026 – 2027. Barber Larder Mineralization Section Mineralization 46m Barber Larder Pit Notable Intersections 3.3
Slide 16: McGarry: Arjon Shear Zone
MCGARRY: ARJON SHEAR ZONE Same host rocks as McGarry and Kerr Addison – Arjon green carbonate. Structures extend northeast into adjacent Kerr Addison property. Follow-up for intrusion-hosted bulk-minable gold mineralization. N 16
Slide 17: McGarry: Mill Zone
MCGARRY: MILL ZONE 750-metre-long ultramafic unit completely altered to green carbonate. Historical drilling intersected up to 36.7 g/t gold over 2.1 metres. Trenched over 75 metres in length indicating mineralization: • 3.9 g/t gold. • 15 metres long • 1.7 metres wide N 17
Slide 18: McGarry Shaft: Underground Access to 700 Metres
MCGARRY SHAFT: UNDERGROUND ACCESS TO 700 METRES $+40M invested in mining infrastructure. Mined in 2012. 18
Slide 19: McGarry Infrastructure
MCGARRY INFRASTRUCTURE Headframe Hoist Power Offices 19
Slide 20: Greater McGarry Project Implied Valuation
GREATER MCGARRY PROJECT IMPLIED VALUATION Implied In-Situ Project Category Tonnes (Mt) Grade (g/t) Gold (Moz) Valuation (C$) Valuation (C$/oz) M&I 69.2 1.5 3.31 Kerr Addison $600 million $105.82 Inferred 55.6 1.3 2.36 M&I 0.45 8.57 0.123 McGarry Inferred 0.16 5.83 0.030 M&I 4.92 1.39 0.219 Omega Inf
Slide 21: Kerr Addison / Gold Candle: Beside McGarry
KERR ADDISON / GOLD CANDLE: BESIDE MCGARRY Led by Pierre Lassonde (Chairman), Rick Howes (CEO). 2025 Resource Estimate Open-Pit Indicated: 2.10M oz Au @ 1.3 g/t Au in 50.5 Mt Inferred: 1.38M oz Au @ 1.1 g/t Au in 38.9 Mt Underground Indicated: 1.20M oz Au @ 2.0 g/t Au in 18.7 Mt Inferred: 0.98M oz A
Slide 22: Proximity of McGarry Shaft to Kerr Addison
PROXIMITY OF MCGARRY SHAFT TO KERR ADDISON McGarry shaft: quickest way to access underground resources at Kerr Addison. Shaft goes to a depth of 2,250 ft – drifting to Kerr Addison is inexpensive compared to sinking a new shaft. 22
Slide 23: Next Steps at McGarry: Drill Baby Drill + Update MRE
NEXT STEPS AT MCGARRY: DRILL BABY DRILL + UPDATE MRE Update MRE in context of $4,000/oz gold price. Drill Kerr Deep, Barber Larder zones. Drill Kerr Addison Tailings – determine: • Tonnage • Grade McGarry • Recovery Build resources, grow high-value ounces. N 23
Slide 24: Omega Project
OMEGA PROJECT Cadillac Break N STARDUST Omega M&I: 219.8 Koz @ 1.39 g/t Au Inf: 365.4 Koz @ 2.43 g/t Au 24
Slide 25: Omega Project: High Value Ounces, Near Surface
OMEGA PROJECT: HIGH VALUE OUNCES, NEAR SURFACE Grade Hole Intercepts From (m) To (m) Thickness (g/m) OM-13-107 42m @ 2.8g/t 110 152 116 OM-83-31 41m @ 2.7g/t 16 57 110 OM-13-109 58m @ 1.7g/t 140 198 101 OM-11-28 73m @ 1.3 g/t 86 159 98 OM-11-05 28m @ 3.4g/t 29 57 95 OM-11-02 22m @ 4.3g/t 103 125 94
Slide 26: Omega's High Value Gold Mineralization
OMEGA’S HIGH VALUE GOLD MINERALIZATION 26 www.Mistango.com MIS:CSE
Slide 27: Next Steps at Omega: Drill, Update Resource
NEXT STEPS AT OMEGA: DRILL, UPDATE RESOURCE Omega can potentially reach 1 million ounces without drilling another hole. 1. Update MRE under $4,000/oz gold price environment. Omega M&I: 219.8 Koz @ 1.39 g/t Au 2. Drill test high-grade zones under existing resource Inferred: 365.4 Koz @ 2.43 g/t Au an
Slide 28: Next Steps at Omega: Drill, Update Resource
NEXT STEPS AT OMEGA: DRILL, UPDATE RESOURCE Omega can potentially reach 1 million ounces without drilling another hole. 1. Update MRE under $4,000/oz gold price environment. Omega M&I: 219.8 Koz @ 1.39 g/t Au 2. Drill test high-grade zones under existing resource Inferred: 365.4 Koz @ 2.43 g/t Au an
Slide 29: Kirkland West Project
KIRKLAND WEST PROJECT Cadillac Break N STARDUST Kirkland West 29
Slide 30: Kirkland West: West of the Amikougami Fault
KIRKLAND WEST: WEST OF THE AMIKOUGAMI FAULT Cadillac Break Amikougami fault offsets gold hosting structures at Macassa. Stardust’s 31 g/t gold intersection confirms potential west of Macassa1 the fault. Kirkland West Staking rush: Barrick Gold latest entrant. 4,600t @ 21.9 g/t Au (Historical) West o
Slide 31: Goldie: Emerging Gold District
GOLDIE: EMERGING GOLD DISTRICT District scale adjacent to Delta Resources’ Goldie Project Delta-1 project. Direct highway access. High-grade gold intersections: 2.02 g/t gold over 14 metres from 153 metres 16.6 g/t gold over 1 metre from 70 metres 1.13 g/t gold over 16 metres from 48 metres. N 31
Slide 32: Stardust Metals: A Re-Rating Is in Order
STARDUST METALS: A RE-RATING IS IN ORDER Stardust is significantly undervalued relative to peer group. • High value ounces in a proven EV/AuEq AuEq Resources gold camp. Select Ontario Gold Projects Nov 4 (US$/oz) (Moz) Grade Company Asset Stage EV (C$M) Total Total (g/t) • Strategic growth plan to e
Slide 33: Management & Board
MANAGEMENT & BOARD Stephen Stewart, Charles Beaudry Michael Mansfield CEO & Chairman P. Geo, VP Exploration Director • Founder & Chair of Ore • +35 years as a geologist • +20 years as an Group across the globe. investment advisor. • Focused on M&A, • 17 years with Noranda- • VP investment profession
Slide 34: Stardust Corporate Overview
STARDUST CORPORATE OVERVIEW Corporate Overview Share Price MIS: CSE CSE ZIGY: CSE Shares Outstanding 35.7 M* Share Price (2025/11/03) (CAD) $0.39 Cash In Treasury (CAD) ~$2.6 M Board & Management Stephen Stewart Chairman Joel Friedman CFO Charles Beaudry VP Exploration, Director Andrew Stewart VP Co
Slide 35: Forward Looking Statements
FORWARD LOOKING STATEMENTS WE ARE IN THE MINERAL EXPLORATION AND DEVELOPMENT BUSINESS. IT IS INHERENTLY RISKY, AND ALL INVESTORS SHOULD BE KEENLY AWARE OF THIS This presentation contains forward-looking statements and forward-looking information (collectively referred to herein as “forward-looking s
Slide 36: Contact
Contact Stephen Stewart, Chairman sstewart@oregroup.ca www.stardustmetals.ca 141 Adelaide Street West, Suite 1102, Toronto, ON M5H 3L5
Slide 37: Upper Beaver / Agnico Eagle: 6km North of Omega
UPPER BEAVER / AGNICO EAGLE: 6KM NORTH OF OMEGA 2024 Resource Estimate: Probable: 23,181 kt @ 3.71 g/t gold, (2,768 Koz), 0.24% copper (54,930 tonnes) Indicated: 7,564 kt @ 2.03 g/t gold (495 Koz), 0.16% copper (12,118 tonnes) Inferred: 2,953 kt @ 4.12 g/t gold (391 Koz), 0.36% copper (10,649 tonnes
Slide 38: Macassa / Agnico Eagle: Beside Kirkland West
MACASSA / AGNICO EAGLE: BESIDE KIRKLAND WEST 2024 Resource Estimate: Proven & Probable: 7,027 kt @ 9.18 g/t gold (2,074 Koz) Measured & Indicated: 3,422 kt @ 7.16 g/t gold (788 Koz) Inferred: 5,524 kt @ 7.44 g/t gold (1,322 Koz) One of the highest-grade gold mines in the world: 279 koz produced in 2
Slide 39: The Larger McGarry Project
THE LARGER MCGARRY PROJECT High value ounces beside Kerr Addison and Pan McGarry Deposit American Silver’s Larder deposits. High Value Ounces M&I: 123 Koz @ 8.57 g/t Au Inferred: 30 Koz @ 5.83 g/t Au Historical Production Tonnes Production Grade Years of Mine Milled (oz Au) (g/t) Production Kerr Add
Stardust Metal — Investor Presentation (January 2026) on 6ix