Roscan Gold Corporation · TSXV:ROS
Roscan Gold — Investor Presentation (March 2026)
23 slides from Roscan Gold's investor presentation, March 2026
Slide 1: Kandiolé Gold Project: The Next Gold Mine in Mali
CORPORATE PRESENTATION March 2026 Kandiolé Gold Project The Next Gold Mine in Mali
Slide 2: Looking Forward Statements & Disclaimers
Looking Forward Statements & Disclaimers This presentation is being provided for information purposes only and does not constitute or form part of, and should not be construed as, an offer or invitation to sell or any solicitation of any offer to purchase or subscribe for any securities of Roscan Go
Slide 3: Looking Forward Statements & Disclaimers
Looking Forward Statements & Disclaimers CAUTIONARY NOTE REGARDING TECHNICAL DISCLOSURE The information in this presentation has been reviewed and approved by Gregory Isenor, P.Geo, Director and member of Professional Geologist of Nova Scotia and Canadian Institute of Mining and Metallurgy, who is a
Slide 4: Unlocking Value: Advancing Kandiolé to Production
Unlocking Value: Advancing Kandiolé to Production Looking ahead to a transformational 2026: Transitioning to Developer from Explorer Project financing discussions ongoing ✓ Advance Kandiole from exploration to a fully ✓ Advancing discussions with strategic financing and permitted, financed, construc
Slide 5: Mali Is Open For Business
Mali Is Open For Business Strong and resilient economic growth ✓ GDP growth improving: 3.7% (2022), 4.3% (2023), 4.7%E (2024), 5.3%E (2025), driven by despite political agriculture, investment recovery, services and new lithium output transitions and ✓ Inflation falling: 9.7% (2022) to 3.6%E (2025),
Slide 6: Mali’s Mining Industry – Reform, Growth & Investor Opportunity
Mali’s Mining Industry – Reform, Growth & Investor Opportunity One of Africa’s leading mining jurisdictions Moratorium partially lifted (March 15, ✓ Gold is a key pillar: ~25% of Mali’s GDP and 2025): Settlements, permitting and ~75% of exports renewals have commenced ✓ Mining supports >60,000 jobs
Slide 7: Roscan is well positioned on the value creation curve
Roscan is well positioned on the value creation curve 7
Slide 8: Valuation discount vs West African peers represents attractive opportunity
Valuation discount vs West African peers represents attractive opportunity Explorer Avg = US$140/oz Developer Avg = US$159/oz Producer Avg = US$298/oz 25 Producers Developers 20 Explorers Global resource (Moz) AAUC 15 10 WAF MAU 5 TCG TRE NCAU THX CORA KEFI XTG A1G Note: Bubble sizes represent marke
Slide 9: Favorable Location & Proximity to Existing Infrastructure and Rich Gold Mines
Favorable Location & Proximity to Existing Infrastructure and Rich Gold Mines Highly prospective 401.8Km2 land package with multiple discoveries ~25Km east of B2Gold’s Fekola Mine and ~45Km from Barrick’s Loulo Mine – within trucking distance (Mankouke South) Project accessible by sealed road from B
Slide 10: A History Of Successful Gold Resource and Mine Development
A History Of Successful Gold Resource and Mine Development Fekola Mine From Maiden 3Moz to Resources (2012) to Historical Production of ~8Moz | Feasibility Study in 2015 | First gold pour in 2017 Loulo-Gounkoto From Maiden 1.4Moz to Resources to Historical Production of ~19Moz | Initial MRE led to t
Slide 11: Why Kandiolé Works
Why Kandiolé Works Robust economics at conservative gold price assumptions Fast payback and strong early cash flow profile Low technical complexity: open pit + conventional CIL High confidence open-pit, low strip mine plan: 97% Indicated mill feed Manageable capital intensity with staged growth upsi
Slide 12: Kandiolé Project: A Straightforward Path to Gold Production
Kandiolé Project: A Straightforward Path to Gold Production Mining & Processing Conventional open-pit, contract mining + centralized CIL plant LOM & Scale 13-year life of mine; ~2.5 Mtpa processing rate Production LOM: ~835Koz Au; First 4 Years Avg.: 93Koz Resource Confidence & Recovery Rate 97% of
Slide 13: PEA Economics Across Gold Price Scenarios
PEA Economics Across Gold Price Scenarios | Strong Leverage to Gold Prices NPV8% IRR Payback AISC / OZ Base Case US$ 498 Million 43% 2.8 Years US$ 1,568 US$ 3,100 / Oz LT Consensus Price US$ 836 Million 62% 2.3 Years US$ 1,673 US$ 4,000 / Oz Spot Price US$ 1.30 Billion 83% 2.0 Years US$ 1,867 US$ 5,
Slide 14: PEA Assumptions | February 19, 2026 Effective Date
PEA Assumptions | February 19, 2026 Effective Date Metric Unit Price Case Economic Assessment Price Case US$/Oz Base Case Long-Term Consensus Spot Price Gold Price US$/Oz 3,100 4,000 5,160 Royalty, TC/RC US$/Oz 298 403 498 Asset NPV US$M 498 836 1,248 Payback Period Years 2.8 2.3 2.0 IRR % 43% 62% 8
Slide 15: Updated Mineral Resources | February 19, 2026 Effective Date
Updated Mineral Resources | February 19, 2026 Effective Date 1.3 Moz @ 0.68 g/t Indicated and 0.10 Moz @ Low strip ratios – 3.8:1 0.52g/t Inferred Disse, Walia, Niala and Mankouke West Targets High-quality resource with 97% included in the were not included in the maiden resource indicated category
Slide 16: Immediate Resource Growth Potential
Immediate Resource Growth Mankouke Area Potential Potential additional resource in the range of 8Mt at 1.0 g/t Au to 30Mt at 0.8 g/t Au (0.3-0.8Moz Growth) 17,890m completed out of the 20,000m ongoing drilling program not yet included in the MRE Kandiole Area Kabaya Area 16
Slide 17: Regional Exploration & Target Prioritization
Regional Exploration & Target Prioritization Targets Outside the Resource Area Substantial positive exploration results Includes 8 Targets such as discoveries at Disse and Walia, Mankouke West, Bantanko East and Segondo West Includes 16 other targets in the Siribaya- Mankouke-Seko structural corrido
Slide 18: Positive Metallurgical Testing Results
Positive Metallurgical Testing Results 97.6% Recoveries for Oxide and 92.9% for Fresh Non-refractory metallurgical features Mineralisation Samples at Flagship Mankouke South Target Both Oxide and Fresh mineralization amenable to gravity concentration Further potential to improve up to 40% (10-40% ra
Slide 19: Key Investment Highlights
Key Investment Highlights ❖ Set for a transformational 2026: Transitioning to Developer from Explorer ❖ Strong PEA Economics at conservative gold price ($3,100/oz) ✓ US$498M Base Case NPV5% vs. US$72M Mkt. Cap. Key de-risking and re-rating milestones in sight ✓ Mining license expected shortly (Q1/20
Slide 20: Capital Structure
Capital Structure Ticker Symbol TSX.V : ROS 52-week high / low $ $0.26 / $0.05 Shares Issued & Outstanding m 438.5 Major Shareholders RSUs/Options m 16.8 Fully Diluted m 455.3 Market Cap. $m C$98.7 Broker Analyst Target Price Bereket A. Berhe C$0.75 Varun Arora C$0.85 Alex Terentiew C$0.80 20
Slide 21: Board & Management
Board & Management Nana Sangmuah, Executive Chairman, CEO & President ~30 years of international mining experience and capital markets. Responsible for building the mining franchise at Clarus Securities for a decade into a leading institution in African mining finance and M&A. Some of the companies
Slide 22: Mineral Resource Estimate by Deposit and Classification for the Kandiole Project
MINERAL RESOURCE ESTIMATE BY DEPOSIT AND CLASSIFICATION FOR THE KANDIOLE PROJECT Classification Deposit Tonnage (Mt) Au Grade (g/t) Au Content (koz) Indicated Mankouke South 24.4 0.88 691 Mankouke Central 2.7 0.72 63 KN1 9.9 0.50 161 KN2 & KN4 - - - Kabaya 21.2 0.54 368 Total 58.2 0.68 1,283 Inferre
Slide 23: Notes
Notes Notes to the Resource Table on Slide page 15 and 22 1. Rounding as required by reporting guidelines may result in apparent differences Sources from Table on Slide page 5 between tonnes, grade and contained metal content. 1. NI 43-101 Technical Report on the Loulo-Gounkoto Gold Mine 2. Containe