Axo Metals Corp. · TSXV:AXO
Axo Metals — BMO Mining & Metals Conference 2026
16 slides from Axo Metals's conference presentation, Feb 18, 2026
Slide 1: BMO Mining & Metals Conference
TSX-V: AXO BMO Mining & Metals Conference February 2026
Slide 2: Cautionary Notes and Disclaimer
Cautionary Notes and Disclaimer Forward-looking information and statements This presentation contains certain statements, which may constitute "forward-looking information" under Canadian securities law requirements and "forward looking statements" under applicable securities laws ("forward-looking
Slide 3: Proven In-Country Management & Board
Proven In-Country Management & Board Jonathan Egilo Glenn Jessome President, CEO & Director Executive Chair & Director Mining and capital markets professional, most recently Director, Equity Securities lawyer with 25 years of resource sector capital markets experience. Research Analyst at a major Ca
Slide 4: Advanced Development and Exploration Staged Projects
Advanced Development and Exploration Staged Projects Recent project acquisition and financing leaves Axo exceptionally well-positioned Recent Acquisition ▪ Axo’s two projects in Mexico include the San Antonio gold development Positions Axo as project in Sonora and La Huerta copper exploration projec
Slide 5: San Antonio Acquisition (closed January 2026)
San Antonio Acquisition (closed January 2026) Summary of Transaction Terms and Stream Amendment 4.99% AXO Shares + San Antonio Project Milestone Payments 9.99% AXO Shares + Deferred VAT San Antonio Payments + Milestone Payments Stream Amendments 1 2 San Antonio Acquisition Details Stream Amendment D
Slide 6: San Antonio: Project History
San Antonio: Project History Established Mining Complex with Brownfields Infrastructure Poised for Re-start ▪ Historic Mining: o Underground development at Sapuchi, Luz del Cobre, Realito; Luz del Cobre had six levels (1970s) ▪ Exploration History: o 1994–96: >282 drill holes (45,367 m) targeting Sa
Slide 7: San Antonio: Operations & Permitting Overview
San Antonio: Operations & Permitting Overview Turnkey Brownfields Operation with Heap Leach Circuit, CIC Plant and Advanced Permitting Project Overview Crushing Facilities ▪ Located in Sonora, Mexico ~160 km from Hermosillo ▪ Extensive land package with 43 concessions covering 11,338 ha and historic
Slide 8: San Antonio: Unlocking Value across Shallow, Low-strip Deposits
San Antonio: Unlocking Value across Shallow, Low-strip Deposits Near-surface Shallow Deposits with Low-strip for Cost Efficient Mining ▪ Metallurgical testwork confirms recoveries of ~70% for oxides; ~90% for transition and sulphides, further enabling low-cost phased development ▪ The Project's main
Slide 9: San Antonio: Large Land Package with Strong Exploration Potential
San Antonio: Large Land Package with Strong Exploration Potential Multiple Mineralized Trends with Open Extensions and High-grade Zones ▪ Extensive land package comprised of 43 concessions covering 11,338ha with strong infrastructure and access for aggressive exploration ▪ Four mineralized trends ex
Slide 10: San Antonio: Large Land Package with Strong Exploration Potential
San Antonio: Large Land Package with Strong Exploration Potential El Tigre Zone one example of many highly prospective targets along trend ▪ El Tigre zone highlighted by numerous high grade surface sample results along trend and west of the Golfo de Oro resource ▪ Zone is characterized by cross cutt
Slide 11: La Huerta: high grade copper mineralized dyke
La Huerta: high grade copper mineralized dyke El Tigre Zone one example of many highly prospective targets along trend ▪ Copper sulphide mineralization (bornite & chalcopyrite) is hosted in intrusive-related dykes through an andesite host rock, with the dykes being traced for ~5km along surface ▪ Mi
Slide 12: La Huerta: Las Marias mineralized trend
La Huerta: Las Marias mineralized trend Drilling remains ongoing targeting deeper sections below Las Marias ▪ Largest concentration of drilling thus far has been around Las Marias historic operations ▪ Drilling is ongoing and currently targeting deeper sections of the system below Las Marias ▪ Axo P
Slide 13: Axo Capital Structure (as of February 19, 2026)
Axo Capital Structure (as of February 19, 2026) Capital structure post San Antonio acquisition and financing Description Amount Basic Shares Outstanding (mln) 210.9 Options (mln) 3.5 Warrants (mln)1 39.6 DSUs (mln) 1.5 Fully Diluted Shares Outstanding (mln) 255.6 Share Price (C$/share) (as of Februa
Slide 14: Contact
CONTACT Jonathan Egilo President, CEO and Director P.O. Box 25056 RPO Clayton Park Halifax, Nova Scotia B3M 4H4 egilo@axocopper.com
Slide 15: Appendix
Appendix MIX
Slide 16: San Antonio Mineral Resource Estimate by Deposit
San Antonio Mineral Resource Estimate by Deposit Tonnes Au Grade Ag Grade Contained Au Contained Ag Category Deposit Zone (Mt) (g/t) (g/t) (koz) (Moz) Oxide 0.6 0.93 2.8 17 0.05 Transition 0.2 0.79 3.3 6 0.02 California Sulphide 3.1 1.31 2.4 130 0.23 Total 3.9 1.22 2.5 153 0.31 Oxide 0.2 1.07 2.8 7