Dpm Metals Inc. · TSX:DPM
Dpm Metals — Corporate Update (June 2026)
31 slides from Dpm Metals's corporate update, Jun 15, 2026
Slide 1: Uniquely Positioned to Deliver Superior Value
Uniquely Positioned to Deliver Superior Value 2026 Vareš Analyst and Investor Tour June 15-16 2026
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains Forward Looking Statements. Forward Looking Statements are statements that are not historical facts and are generally, but not always, identified by the use of forward looking terminology such as “plans”, “expects”, “is expected”, “budget”, “sche
Slide 3: Introductions
Introductions Bosnia & Herzegovina Armenak Grigoryan General Manager, Vareš Anna Ivanova Country Director, Bosnia & Herzegovina Corporate David Rae President & CEO Iliya Garkov COO Joao Zanon SVP, Projects & Evaluations John DeCooman EVP, Corporate Development Jennifer Cameron Director, Investor Rel
Slide 4: Planned tour stops
1 2 3 Planned tour stops 1 Rupice mine 2 Veovaca tailings storage facility 3 Vareš processing plant 4
Slide 5: Growing European-focused Precious Metals Producer
Growing European-focused Precious Metals Producer Peer-leading growth and margins for quality returns through the cycle Hungary Operator with 11-year track record 350,000 GEO at $1,450/oz GEO sold1,2,3 Croatia Romania Bosnia and Serbia Herzegovina Rakita Camp prospects High-margin production growth
Slide 6: Growing European-focused Precious Metals Producer: Organic growth funded from a strong balance sheet
Growing European-focused Precious Metals Producer Organic growth funded from a strong balance sheet Operating Assets Growth Pipeline Gold equivalent production (Koz.) 355 - 400 Growth prospects 305 - 365 320 - 365 Dumitru Potok 288 Čoka Rakita project +189,000 oz.4 Wedge Zone (first 5 years) prospec
Slide 7: Platform to Support Fully-Funded Growth Pipeline
Platform to Support Fully-Funded Growth Pipeline DPM has the people, the capabilities and the capital in place to drive growth Proven operators Financial Strength to Fund Growth • 11-year operating track record $ millions • Experienced operations leadership team • Robust training and development pro
Slide 8: Vareš Overview
DPM) Vares Overview
Slide 9: Bosnia and Herzegovina: Overview
Bosnia and Herzegovina: Overview • Population: 3.4 million • Competitive corporate tax rate: 10% • Well-established infrastructure, including roads, rail, electrical grid • Established legal and regulatory framework for mining • Vareš located within the Federation of Bosnia and Herzegovina 9
Slide 10: Zenica-Doboj Canton
Zenica-Doboj Canton Industrial region with strong history of mining, metallurgy, manufacturing and energy • Population: ~330,000 • Key industries: mining, metallurgy, manufacturing, energy • Coal mining historically concentrated around Zenica, Kakanj and Breza • Rail connection to Ploče export route
Slide 11: Vareš: High-quality silver-gold mine
Vareš: High-quality silver-gold mine Embedding proven DPM practices achieve Vareš’ full potential High-quality asset • Long operating life • Attractive high-grade orebody • Production scale and margin • Supportive mining jurisdiction Excellent fit with DPM expertise • Decades of experience operating
Slide 12: Integrating DPM Values & Standards
Integrating DPM Values & Standards Building the foundation for long-term success Priority focus on safety • Embedding safety standards and introducing DPM's Golden Rules for Safety Leadership development • Identifying and developing local talent, including future leaders • Introducing DPM operating
Slide 13: Vareš Ramping up to Full Production in 2026
Vareš Ramping up to Full Production in 2026 On track to achieve 850,000 tonnes by year-end 2026 a transitional year for Vareš Ramp-up Progress through 2026 • Strong Q1 production of 29koz. Au eq. % of GEO production Mill throughput (kt) • Development rates advancing according to plan 40% 250 • Accel
Slide 14: Accelerating Development Rates
Accelerating Development Rates Leveraging DPM expertise to improve mining practices and accelerate development • Improving blasting techniques • Better ground support and ground control practices • Achieving targeted advance rates Accelerating Development Rates Capital Development, m Operational Dev
Slide 15: Progressing Priority Projects at Vareš
Progressing Priority Projects at Vareš On track to achieve 850,000 tonne per annum rate by year-end Construction of paste backfill plant advancing well Installation of the water treatment plant 15
Slide 16: Improving Processing Plant Performance
Improving Processing Plant Performance On-track to achieve 850,000 tpa run-rate by year-end 2026 Ramping up to 850,000 tpa capacity Ramp-up Progress through 2026 • Q1 performance in line with plan • Recoveries expected to be line with life of mine plan in April 2025 technical report Mill Throughput
Slide 17: Tailings Storage Facility
Tailings Storage Facility Strengthening practices in-line with DPM and industry best practices Decommissioned temporary tailing storage facility • Removed material to significantly improve safety factor • Rehabilitation activities in progress Veovaca tailings facility in operation • Fully lined dry
Slide 18: Strategic Mine Plan Optimization
Strategic Mine Plan Optimization Optimized mine design • Mining blocks: ensuring multiple mining fronts & production flexibility • Bottom-up extraction sequence • Sill pillars: extraction at the end of each mining block Mining method • SLOS and BF as baseline • MCRF in narrow, steep zones Backfill •
Slide 19: Improving Ventilation
Improving Ventilation Optimized airflow design to support current operations and potential future growth • New intake ventilation decline: Main Fan ▪ Ensure sufficient air quantity and optimal air-flow velocity RUP Decline ▪ Provides a second independent haulage access • Optimized Return Air Raise (
Slide 20: Infill Drilling to Improve Mineral Resource Confidence
Infill Drilling to Improve Mineral Resource Confidence Better defining geological and geotechnical understanding of the orebody • Current drill spacing: 40m x 40m • Increasing density to 20m x 20m & 15m x 15m to upgrade the Mineral Resource • Expected to complete infill drilling of current life of m
Slide 21: Increasing Local Leadership & Development
Increasing Local Leadership & Development Targeting over 95% local nationals by end of 2026 • Accelerated development programs, including skills transfer, targeting local workforce • Successfully transferred leadership roles to local team • Leveraging DPM operations in Bulgaria to support training a
Slide 22: Stakeholder Engagement
Stakeholder Engagement Building the foundation for long-term success • Three communities near DPM operations: Vareš, Kakanj, Breza • Focus on engaging with stakeholders to build trust • Building relationships with communities and creating local employment • Opened information center in Kakanj to hel
Slide 23: Prospective Vareš Land Package
Prospective Vareš Land Package 22-kilometre corridor in proximity to Vareš infrastructure and mill ▪ Large land package ▪ Well-understood permitting regime ▪ Progressing engagement with local communities ▪ Exploration activities planned for 2026 ▪ Additional geophysics (MT) ▪ 20,000 metres of brownf
Slide 24: Leveraging DPM Expertise to Unlock Vareš' Potential
Leveraging DPM Expertise to Unlock Vareš’ Potential ✓ ❑ Embed DPM safety practices and standards ✓ ❑ Restructure management team ✓ ❑ Accelerate training and development of local workforce ✓ ❑ Achieved targeted development rates ✓ ❑ Transition to optimum mining method ✓ ❑ Improve blasting standards a
Slide 25: DPM Metals: A Premier Mining Business
DPM Metals: A Premier Mining Business The people, the capabilities and the capital all in place to drive growth pipeline High-margin asset portfolio driving strong free cash flow generation Attractive high-quality growth projects Proven project development capabilities Strong balance sheet and susta
Slide 26: Appendix
DPM) Appendix
Slide 27: Mine Site Layout
Mine Site Layout DPM Site Access1 Site Access 2 Upper decline Lower decline Main Fan Waste Rock Dam Batch Plant Paste Plant ROM pad . Crusher plant . Crushed ore stockpile Mobile maintenance . Mine offices . Technical services offices Water Treatment Plant Water Collecting Pond . Transformers, power
Slide 28: Vareš 2026 & Three-Year Outlook
Vareš 2026 & Three-Year Outlook Three-Year Outlook metrics 2026 2027 2028 Metals in concentrates produced Gold Koz. 30 – 35 40 – 45 30 – 35 Silver Koz. 3,500 – 4,100 5,200 – 5,900 5,100 – 5,700 Copper Mlbs. 5–6 7-8 8–9 Zinc Mlbs. 59 – 71 91 - 101 83 – 92 Lead Mlbs. 35 – 42 46 – 52 50 – 56 Gold equiv
Slide 29: Vareš Mine Production Schedule
Vareš Mine Production Schedule Per April 2025 Technical Report Year Unit Total H2 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 Ore Tonnage (kt) 9,459 77 405 850 850 851 850 851 850 851 851 851 602 462 185 74 Ore Grade Zn (%) 6.80 7.34 7.15 6.83 6.80 6.25 7.30 8.05 7.69
Slide 30: Endnotes
Endnotes 1) Cost of sales per ounce of gold sold represents cost of sales for Chelopech and Ada Tepe, divided by payable gold in concentrate sold. This measure is before by- product credits. All-in sustaining cost per ounce of gold, or GEO where applicable, is a non-GAAP ratio which represents cost
Slide 31: Corporate Head Office Investor Relations
Corporate Head Office 150 King Street West, Suite 902 Toronto, Ontario M5H 1J9 T: 416 365-5191 Investor Relations jcameron@dpmmetals.com T: 416 219-6177 www.dpmmetals.com ARBN 689 370 894