Azarga Metals Corp. · TSXV:AZR
Azarga Metals — Investor Presentation (May 2026)
20 slides from Azarga Metals's investor presentation, May 2026
Slide 1: Marg Copper-Rich VMS Project, Yukon Territory
MARG COPPER-RICH VMS PROJECT YUKON TERRITORY May 2026 TSX-V: AZR
Slide 2: Disclaimer
Disclaimer Certain statements in this presentation are forward-looking statements. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Often, but not always, forward-looki
Slide 3: Overview: Marg Project
Overview: Marg Project High-grade copper-rich VMS project with significant gold and silver credits High-grade copper-rich Volcanogenic Massive Sulphide (“VMS”) deposit with significant gold and silver credits located within the historic Keno Hill Silver District of Canada’s Yukon Territory 4.3Mt
Slide 4: Overview: Leadership
Overview: Leadership Board of Directors and Executive Team Director of Northern Lights Resources Corp. (CSE: NLR) Gordon Tainton (President, CEO & Director) Senior management and board positions in public and private mining companies Formerly President and CEO of Azarga Uranium (TSX:AZZ) prior
Slide 5: Overview: Leadership - Advisors
Overview: Leadership Advisors Experienced metals and mining industry executive and director Alexander Molyneux Prior to executive/director roles, spent over 10 years as a metals and mining investment (Advisor) banker Over 40 years of exploration and mining experience Charles Greig, P. Geo 20
Slide 6: Overview: Capitalization
Overview: Capitalization Capitalization Shares outstanding1 Shares outstanding1 91.0m Share price (TSX-V: AZR)1 C$0.155 / share Market capitalization (CAD) C$14.1M Cash2 C$1.32M Note: 1. As at May 19, 2026 (excludes options and warrants). 2. As at March 31, 2026. 5
Slide 7: Why the Marg Project excites us
Marg Project Why the Marg Project excites us… High-grade copper and precious metals rich VMS deposit in Keno Hill Silver District, Yukon 4.3Mt indicated resource @ 2.9% CuEq1 10.0Mt inferred resource @ 2.3% CuEq1 Excellent potential to extend and expand the defined Marg deposit Marg minera
Slide 8: Location, Access and Infrastructure
Marg Project Location, Access and Infrastructure Grid Power Significant infrastructure advantages Only 40 km road (winter) from Keno City Grid power (Yukon Energy hydro power) Airstrip on site Access to Skagway, Alaska port All-season highway access between Whitehorse and Keno City Por
Slide 9: NI 43-101 Resource Estimate
Marg Project NI 43-101 Resource Estimate4 Category Tonnage Cu% Pb% Zn% Ag g/t Au g/t CuEq%2 (Mt) Indicated 4.3 1.3 1.7 3.2 42 0.66 2.9 Inferred 10.0 1.0 1.3 2.6 33 0.54 2.3 Note 1. At a 0.5% copper equivalent cut-off. Note 2. Where CuEq% was calculated = Cu% + 0.1 Pb% + 0.25 Zn% + 0.62 Au g/t + 0.00
Slide 10: Regional Geology and Exploration History
Marg Project Regional Geology and Exploration History Located near the northern margin of Selwyn Basin Felsic-hosted VMS deposits occur throughout the Cordillera from Mexico to Alaska Hecla Mining Marg deposit consists of a series of continuous to discontinuous folded sheets of massive and sem
Slide 11: Geological Map and Cross-Section showing Regional Setting of the Marg VMS Deposit
Marg Project Geological Map and Cross-Section showing Regional Setting of the Marg VMS Deposit Source: Marg Project Technical Report 10
Slide 12: GEMS Cross-Section looking east
Marg Project GEMS Cross-Section looking east Mineralization occurs at and/or near the contact between the footwall felsic metavolcanic rocks and the hanging wall argillaceous sediments Mineralization hosted within wedge-shaped succession dominated by felsic metavolcanic rocks Appears tightly f
Slide 13: Results and Interpretation of the 2022 Induced Polarization Survey
Marg Project Results and Interpretation of the 2022 Induced Polarization Survey Two zones were identified in the interpretation, Zone A (not drill tested) lying to the north of Zone B (where NI 43-101 resource identified) Zone A interpreted as the probable “up-dip” near surface mineralized Marg
Slide 14: Exploration Upside
Marg Project Exploration Upside Marg mineralization remains open along strike, down-dip and down plunge Drilling could extend known Marg mineralization in Marg areas where there is promising evidence for the deposit continuing Jane Marg deposit discovered by GSC regional stream sediment and fo
Slide 15: Exploration Upside – Next steps
Marg Project Exploration Upside – Next steps Next steps: Drill Marg extensions and the highly prospective Jane Zone geophysical targets Proposed Marg M2022 series drill holes testing interpretation– Gemcom 3D View Looking North Cu assay bars along drill hole traces Zn assay bars along drill hole
Slide 16: Proposed M2022 series drill holes: Favourable VMS horizons on Geology
Marg Project Exploration Upside – Proposed M2022 series drill holes: Favourable VMS horizons on Geology 15
Slide 17: Proposed M2022 drill holes: VMS Horizons and Ag in soil heat map anomalies
Marg Project Exploration Upside – Proposed M2022 series drill holes: VMS Horizons and Ag in soil heat map anomalies 16
Slide 18: Historic and Proposed drill holes on Geology
Marg Project Exploration Upside – Historic and Proposed drill holes on Geology Strong potential for additional VMS deposits along strike, especially in Jane Zone area Proposed drilling within selected target boxes will be focused on: Exceptionally strong Ag-Tl-Pb-Cu-Ba in soil anomalies (“VMS
Slide 19: Community Engagement
Marg Project Community Engagement Yukon has an established and supportive mining community The Marg Project lies within the Keno Hill Silver District within the traditional territory of the First Nation of Na-Cho Nyàk Dun (“FNNND”) FNNND have multiple active mining and exploration groups opera
Slide 20: TSX-V: AZR
Unit 1 – 15782 Marine Drive White Rock, B.C. V4B 1E6 Canada +1 (604) 536-2711 Email: info@azargametals.com www.azargametals.com TSX-V: AZR