Cerro De Pasco Resources, Inc. · TSXV:CDPR
Cerro De Pasco Resources — Investor Presentation (September 2026)
39 slides from Cerro De Pasco Resources's investor presentation, September 2026
Slide 1: Unlocking One of the World’s Largest Above-Ground Mineral Assets
Unlocking One of the World’s Largest Above-Ground Mineral Assets Company Presentation - September 2026 TSXV: CDPR OTCQX: GPPRF BLV: CDPR FRA: N8HP
Slide 2: Unlocking One of the World’s Largest Above-Ground Mineral Assets
Unlocking One of the World’s Largest Above-Ground Mineral Assets TSXV: CDPR OTCQX: CDPMF BVL: CDPR FRA: N8HP
Slide 3: Forward Looking Statements
03 FORWARD LOOKING STATEMENTS Certain information contained in this presentation may constitute Forward-looking information is based on material assumptions including A qualified person has not done the work necessary to verify the historical “forward-looking information” under Canadian securities l
Slide 4: Company Overview
04 COMPANY OVERVIEW OVER A CENTURY OF PRODUCTION HISTORY The Quiulacocha tailings are located within one of the most prolific polymetallic mining districts globally, with over a century of continuous production and processing of zinc, lead, silver, and copper. TAILINGS EXTRACTION Since the material
Slide 5: Company Overview: Cerro de Pasco Location
05 COMPANY OVERVIEW CERRO DE PASCO LOCATION The El Metalurgista project is located approx. 175 km north-northeast of Lima, in the Pasco Region of Peru. MAIN PROJECT LAND ACCESS AGREEMENT (1) CDPR holds a 100% interest in the El Metalurgista mining concession, covering 95.74 hectares. CDPR MINERAL RI
Slide 6: Quiulacocha Tailings Highlights
06 QUIULACOCHA TAILINGS HIGHLIGHTS HISTORIC MINING DISTRICT CONSISTENT POLYMETALLIC EFFICIENT EXTRACTION Quiulacocha tailings are located within a MINERALIZATION Tailings extraction operates without world-class polymetallic mining district dust or the use of explosives, ensuring First phase drilling
Slide 7: Unlocking One of the World’s Largest Above-Ground Mineral Assets
UNLOCKING ONE OF THE WORLD’S LARGEST ABOVE-GROUND MINERAL ASSETS 7
Slide 8: Tailings: Lower Cost, Lower Dilution
08 TAILINGS: LOWER COST, LOWER DILUTION Factor Tailings Extraction Open-Pit Mining Underground Mining Drilling & Blasting None Required Required Excavation & Hauling Minimal Expensive Very expensive Fuel & Equipment Costs Very low High Very high Infrastructure Costs Almost none High Extremely high (
Slide 9: History
09 HISTORY The Silver Mountain The Cerro Corporation The Cerro de Pasco region in Peru has been The Cerro de Pasco Corporation was founded known for its rich deposits of silver, copper, in 1902. It was the biggest investor, taxpayer, zinc, and lead since before colonial times. & employer in Peru aft
Slide 10: Uncover the Legacy of Cerro de Pasco
10 UNCOVER THE LEGACY OF CERRO DE PASCO 1533 1864 1922 1974 Spanish document silver Cerro de Pasco Minerals The La Oroya Smelting & Cerro de Pasco Corporation is in Cerro de Pasco. Railroad is incorporated. Refining facility is inaugurated. nationalized & becomes Centromin Peru. 1955 2012 to Present
Slide 11: Project History
11 PROJECT HISTORY December 1985 June 2005 August 2023 Excelsior Stockpile Ag-Zn-Pb Tailings Quiulacocha TSF • Ag-Cu-Au Tailings from the copper flotation plant started in 1921. • Ag-Zn-Pb Tailings from the Paragsha concentrator started in 1943. Ag-Cu-Au Tailings • Excelsior stockpile contains low-g
Slide 12: Historical Production of the Cerro de Pasco Mining District
12 QUIULACOCHA TAILINGS Historical Production of the Cerro de Pasco Mining District PROJECTION FROM CHENEY ET AL. (2000) FOR 1906-1986 & CENTROMIN PERU RECORDS FOR 1987-1992 Quiulacocha tailings are located within a world- 2,5 Mt 100,0 Mt class polymetallic mining district with over a ~92 Mt century
Slide 13: Historic Easement & Social License
13 HISTORIC EASEMENT & SOCIAL LICENSE LAND EASEMENT SECURED In May 2024, Cerro de Pasco Resources received a Supreme Resolution granting access to the El Metalurgista Concession for a 40-hole drilling campaign. STRENGTHENS SOCIAL LICENSE On December 15, 2025, a newly formalized surface use agreement
Slide 14: Access to the Entire Quiulacocha Tailings
14 ACCESS TO THE ENTIRE QUIULACOCHA TAILINGS On March 26, 2026, the Corporation secured a strategic agreement with AMSAC granting surface access to the ENTIRE Quiulacocha Tailings Area for an initial two-year term, subject to its terms and conditions and required permits/approvals. UNLOCKING FULL-SC
Slide 15: Historic Sampling: 2004 and 2012
15 HISTORIC SAMPLING: 2004 AND 2012 2004 SAMPLING PROGRAM 2004 2012 Average Grade Average Grade • 105 auger holes • 268 samples Au 0.031 ppm 0.043 ppm • 2.0m to 13.6m depth Ag 45.2 ppm 52 ppm • Roughly one-third of TSF surface, shallow penetration Cu 391 ppm 426 ppm • Assays by independent ISO-certi
Slide 16: Why Modern Phase Drilling Was Required
16 WHY MODERN PHASE 1 DRILLING WAS REQUIRED • 2004 and 2012 work was shallow and limited. • The current Technical Report (CSA Global, 2021) recommended a 40-hole Quiulacocha Phase 1 drill program to support drilling, assaying, independent resource estimation, mineralogy, and flotation testing. • 40-
Slide 17: Phase 1 Drilling Results
17 PHASE 1 DRILLING RESULTS Representative Phase 1 Drill Intercepts – Northern Ag-Zn-Pb Zone (1) Hole (2) Interval (m) Ag (g/t) Zn (%) Pb (%) Ga (g/t) Included Cu-Au interval SPT04 19 59 1.80 0.77 31 — SPT1_5 25 54 1.65 1.23 80 — SPT40 20 55 1.63 1.35 97 5 m @ 0.22% Cu and 0.23 g/t Au SPT03A SPT12 2
Slide 18: Phase 1 Drilling Results: Assay Results to Date
18 PHASE 1 DRILLING RESULTS Assay Results to Date Recent Drilling 40 out of 40 drillholes assayed. SPT0SA SPT04 Average Grade within the Drilled Area (1) SPT05 SPT15 SPT25 SPT06 SPT16 Metal Avg. Grade SPT26 SPT34 SPT07 SPT17 Ag 1.66 oz/t SPT27 SPT35 SPT08 SPT18 Zn 1.47% SPT28 SPT36 SPT19 SPT09 Pb 0.
Slide 19: Phase 1 to De-Risk Future MRE and Studies
19 PHASE 1 TO DE-RISK FUTURE MRE AND STUDIES • Confirms continuity within tested area • Strengthens confidence in geological/metal zoning • Informs Phase 2 targeting • Supports future MRE, metallurgy, hydrogeology, geotechnical and engineering studies TSXV: CDPR OTC: GPPRF BVL: CDPR FRA: N8HP 19
Slide 20: Quiulacocha TSF
20 QUIULACOCHA TSF Large-Scale Reprocessing Opportunity Flexible Development Approach • Tailings accessible at surface, produced by a world-class historic • Multiple throughput scenarios can be evaluated as technical work mining operation. progresses. • Historical metallurgical data indicates signif
Slide 21: Recent Expansion of the U.S. Critical Minerals List
21 RECENT EXPANSION OF THE U.S. CRITICAL MINERALS LIST STRATEGIC ALIGNMENT WITH U.S. CRITICAL MINERALS Expansion of the U.S. Critical Minerals List underscores the strategic importance of Cerro de Pasco’s polymetallic tailings project. SIGNIFICANT GALLIUM CONCENTRATIONS WITHIN THE DRILLED AREA The Q
Slide 22: Why Gallium Matters
22 WHY GALLIUM MATTERS A Strategic Metal for Advanced Technology & Energy Transition 98% Gallium underpins military applications in defense, AI, 5G infrastructure… 2% 98% of global gallium supply controlled by China. The U.S. is 100% import dependent. TSXV: CDPR OTCQX: CDPMF BVL: CDPR FRA: N8HP Sour
Slide 23: U.S. Department of Defense & Gallium
23 U.S. DEPARTMENT OF DEFENSE & GALLIUM CDPR – DFC PROJECT DEVELOPMENT AGREEMENT(1) • On March 2, 2026, agreement signed with the U.S. International Development Finance Corporation (DFC). • $5 million in milestone-based project development funding to support defined project development activities fo
Slide 24: Why Silver - Highlights
24 WHY SILVER - HIGHLIGHTS Silver Price Growth Silver Market Opportunity Photovoltaic Silver Demand Silver prices have surged approximately 430% since December 2018, The silver market faces a persistent supply deficit, with demand Silver demand for photovoltaics has more than tripled since 2015, ris
Slide 25: Moving Quiulacocha Tailings
25 MOVING QUIULACOCHA TAILINGS How Submersible Pumps on Barges Extract Tailings Pump Setup: A submersible slurry pump is mounted under a floating barge and fully submerged in the tailings. Operation: The pump agitates and sucks up slurry (water + solids), pushing it through a floating pipeline to th
Slide 26: Unlocking One of the World’s Largest Above-Ground Mineral Assets
UNLOCKING ONE OF THE WORLD’S LARGEST ABOVE-GROUND MINERAL ASSETS TSXV: CDPR OTCQX: CDPMF BVL: CDPR FRA: N8HP
Slide 27: Excelsior Stockpile - Highlights
26 EXCELSIOR STOCKPILE - HIGHLIGHTS Deposit Type: Stockpiled low-grade Zn, Pb, Ag mineralization sourced from the Cerro de Pasco Mine which hosts complex epithermal polymetallic mineralized system of the type known as a Cordilleran base- metal deposit. Project Profile: Reprocessing of legacy ROM sto
Slide 28: Site Images
27 SITE IMAGES Quiulacocha Tailings Quiulacocha Tailings Excelsior Stockpile & Cerro De Pasco Pit Cerro de Pasco Drilling Quiulacocha Example of Pump Pontoon for Tailings Extraction TSXV: CDPR OTCQX: CDPMF BVL: CDPR FRA: N8HP 28
Slide 29: Unlocking One of the World’s Largest Above-Ground Mineral Assets
UNLOCKING ONE OF THE WORLD’S LARGEST ABOVE-GROUND MINERAL ASSETS TSXV: CDPR OTCQX: CDPMF BVL: CDPR FRA: N8HP 29
Slide 30: 2026 Catalysts
30 2026 CATALYSTS Advance Phase 2 drilling across Cu-Ag-Au tailings. Progress toward technical studies and permitting. • Resource-Definition • Hydrogeological • Geotechnical • Environmental Baseline Deliver metallurgical results & recovery potential. Layout of the Phase 1 drilling campaign (complete
Slide 31: Metallurgical Program: Conceptual Processing Alternatives
31 Metallurgical Program: Conceptual Processing Alternatives Quiulacocha Froth flotation Bulk sulph. Con. Roasting H2SO4 Tailings Final Tailings Calcine Leaching/Extraction The flowsheet is conceptual and targets the production of a pyrite bulk concentrate grading above 95% sulphides, suitable for s
Slide 32: Sulfur Price
32 SULFUR PRICE $1,359/t $1,640/t +287% Spot price, USD per tonne · Aug 2025 – Aug 2026 · daily Current — 5 Aug 2026 12-mo high — 15 Jun Since Aug 2025 $1 600 $1 300 $1 000 $700 $400 $100 TSXV: CDPR BVL: CDPR OTCQX: CDPMF FRA: N8HP Source: SULF:COM (CNY/t) converted daily at USDCNY:CUR close. USD =
Slide 33: Pyrite: Potential Source of Sulfuric Acid
33 Pyrite: Potential Source Of Sulfuric Acid Metal-based acid consumption will account for 30% of global demand by 2050 Sulphuric acid demand by industry, Mt Fertilizer Metals Industrial 450 375 • Global Sulphur market in 300 structural shortage. 225 • Prices at or near historic highs across key mar
Slide 34: Existing Logistics Corridor
34 Existing Logistics Corridor EXISTING LOGISTICS CORRIDOR • Direct rail link from Cerro de Pasco to Callao port. • Longstanding route for concentrate transport. • Existing infrastructure supports scalable logistics. • Well positioned for concentrate export. Note: The rail, port and terminal facilit
Slide 35: Existing Logistics Corridor
35 Existing Logistics Corridor EXISTING CORRIDOR FOR MINERAL PRODUCTS • FCA railway • Impala Callao yard • Transportadora Callao enclosed conveyor • Vessel loading at Callao Port FCA Railway Transportadora Callao Conveyor Impala Yard TSXV: CDPR BVL: CDPR OTCQX: CDPMF FRA: N8HP Note: The rail, port a
Slide 36: Technical & Permitting Pathway
36 TECHNICAL & PERMITTING PATHWAY TECHNICAL & ENVIRONMENTAL STUDIES FIRST MINERAL - PEA/FS/EIA2 RESOURCE ESTIMATION1 PHASE 2 PROGRAM Drilling, Assays, Metallurgy, Mineralogy PHASE 1 PROGRAM Drilling, Assays, Metallurgy, Mineralogy, Scoping Studies HISTORIC CONTEXT and Shallow Sampling From Historic
Slide 37: Corporate Overview
36 CORPORATE OVERVIEW LEGEND 1. CDPR receives green light on Land easement. 2. Land easement officially granted. 3. Eric Sprott acquires a substantial stake in the company. 4. Historic authorization granted—drilling program begins. 5. Assay Results from 1st DHs. 6. Significant increase in Ga levels.
Slide 38: Management Team & Board of Directors
37 MANAGEMENT TEAM & BOARD OF DIRECTORS Steven Zadka Guy Goulet Manuel Rodriguez James Cardwell John G. Booth EXECUTIVE CHAIRMAN EXECUTIVE DIRECTOR & CEO EXECUTIVE DIRECTOR & PRESIDENT CHIEF FINANCIAL OFFICER LEAD INDEPENDENT DIRECTOR Founding partner of CDPR with over Over 30 years of investment Mo
Slide 39: www.pascoresources.com
WA Pasco RESOURCES WWW.PASCORESOURCES.COM
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