Canstar Resources Inc. · TSXV:ROX
Canstar Resources — Investor Presentation (November 2026)
28 slides from Canstar Resources's investor presentation, November 2026
Slide 1: Targeting the next generation of high-grade VMS discoveries in Tier-One jurisdictions
NEWFOUNDLAND, CANADA & SWEDEN Targeting the next generation of high-grade VMS discoveries in Tier-One jurisdictions. TSXV: ROX · OTC: CSRNF
Slide 2: Why Canstar
01/ THE INVESTMENT CASE Why Canstar WHAT WE DO ~20 km Top 15 Focus on exploration of high- Flagship Mary March (MM) Tier-One jurisdictions grade polymetallic VMS proximity to Buchans Mine Newfoundland ranks Top 15 globally on the Exploring in the historic Buchans mining mining Investment Attractiven
Slide 3: Two Tier-One VMS Districts
02/ THE JURISDICTIONS Two Tier-One VMS Districts Newfoundland, Canada Sweden CANSTAR RESOURCES INC. TSXV: ROX | OTC: CSRNF
Slide 4: Geology-First, Disciplined Exploration
03/ OUR MODEL Geology-First, Disciplined Exploration We're building a pipeline of high-potential projects through disciplined exploration. 01 02 Technical rigor first A compounding exploration pipeline We earn conviction with data — every hole has a thesis. High-quality ground sourced through techni
Slide 5: Positioned Ahead of the Next Metals Cycle
04/ THE MACRO Positioned Ahead of the Next Metals Cycle Capital is moving toward high-grade, critical-metal discovery in stable jurisdictions as market deficits and geopolitical risk reshape where the world sources metals. 01 02 03 Multi-metal leverage Grade is key Structural deficits VMS systems ty
Slide 6: Targeting VMS Systems for Multi-Commodity Leverage
05/ THE METALS Targeting VMS Systems for Multi-Commodity Leverage Critical metals and precious metals in the same deposit. Cu Zn Pb Ag Au Copper Zinc Lead Silver Gold Typically in volcanogenic massive sulphide systems, critical metals and precious metals are in the same mineralizing system; multi-co
Slide 7: VMS Deposit: What We're Looking For
06/ THE GEOLOGY VMS Deposit: What We’re Looking For Volcanogenic Massive Sulphide (VMS) Deposit Model A VMS deposit is the fossil of an ancient underwater hot-spring — one or more sulphide-rich deposits close to the vent, a feeder, and a large alteration halo for which we can explore. They typically
Slide 8: Newfoundland: Top Jurisdiction, VMS Geology
07/ THE JURISDICTION Newfoundland: Top 15 Jurisdiction, VMS Geology Newfoundland: a stable, resource-rich PAST & CURRENT MINES province with a favourable VMS mining Buchans history and modern infrastructure. Duck Pond Ming (Baie Verte) Top-15 global mining jurisdiction — stable, transparent, Tilt Co
Slide 9: Buchans: Proven District, Highly Prospective
08/ THE DISTRICT Buchans: Proven District, Highly Prospective 375,000 m 5 historic orebodies ASARCO drilling (1928–1984), 3,500+ holes discovered progressively via geophysics, 1926–1979 16.2Mt 14.5% 7.6% ≤200 m 16.8 Mt 1.33% 126 g/t typical ASARCO drill hole depth adjacent Lundberg deposit, Indicate
Slide 10: The flagship: Mary March.
SECTION 02 — THE ASSET The flagship: Mary March.
Slide 11: Buchans and Mary March Properties
09/ THE LAND POSITION Buchans and Mary March Properties 145.6km² Canstar’s contiguous Buchans-district landholdings, with polymetallic VMS potential. Geology-led discovery pedigree — a coherent district model based on re- logging of drill core, geophysics, surface mapping and trenching. Same belt &
Slide 12: Mary March Project
10/ THE FLAGSHIP Mary March Project The same belt as Buchans mine — now tested with new data Buchans never had. ~20 km Cu · Zn · Au · Ag east of the past-producing Buchans targeting high-grade polymetallic VMS Mine C$4.0M TerraAI VMSC funding to date — non-dilutive, Khosla-backed AI partner accelera
Slide 13: Mary March: Potential for Significant Discovery
11/ THE UPSIDE Mary March: Potential for Significant Discovery Targeting high-grade, Buchans-style polymetallic massive sulphide lenses. WHAT WE ALREADY HAVE HISTORICAL NEWFOUNDLAND ANALOGUE GRADES 2026 drilling — every hole mineralized; 15.6 m @ 2.4% CuEq, the widest intercept on record (slide 16).
Slide 14: Proof of System
12/ THE EVIDENCE Proof of System High-grade boulders & 2025 trenching — mineralization exposed at surface, with boulder grab samples returning up to 23.7% Pb, 9.15% Zn and 5.7% Cu. Extensive hydrothermal alteration footprint — traceable across the ~4 km² ~9.63 m 2026 DCIP survey area — the fingerpri
Slide 15: The Discovery Model
13/ THE SIZE THESIS The Discovery Model A fragment of a bigger system — smeared Stratigraphy Cross-Section & Exploration Targets along the Mary March Thrust. Size The MM intercept is one displaced fragment along the thrust — the main lens is untested. Cluster VMS systems form in clusters — the NA an
Slide 16: Disciplined Strategy, Robust Process
14/ THE GROUNDWORK Disciplined Strategy, Robust Process Meticulous groundwork before a single metre was drilled. 14,400m ~1,100 4 9 historic core relogged · 43 holes lithogeochem samples (lab) geophysical surveys · LiDAR, mag, trenches · surface mapping deep-IP, BHEM T HE O UT PU T T HE T AR GE TS T
Slide 17: First Hole, First Confirmation
15/ THE EVIDENCE First Hole, First Confirmation 271 m WITHIN ~10 M OF THE MODEL Pyrite stringer mineralization in altered rhyolite, ~414 m downhole (~118 m stringer interval). ~118 m Cut core face, ~417 m downhole: banded pyrite stringers with grey sphalerite. Visual/pXRF as first reported; assays o
Slide 18: Assays In: Widest Massive Sulphide on Record
16/ THE EVIDENCE Assays In: Widest Massive Sulphide on Record Model confirmed by drilling — every hole entered the rhyolite at approximately the MM-26-42 · SUMMER 2026 predicted depth; three of four cut massive sulphide. Three intercepts, three positions — at the upper contact, ~28 m and ~60 m below
Slide 19: Mary March: Funded to Drill Without Dilution
17/ THE FUNDING Mary March: Funded to Drill Without Dilution Up to $12M VMS Mining Corp. (VMSC) in exploration spending by VMSC to earn in over phased options. VMSC funds the drilling and exploration activities. Phased earn-in Carried, non-dilutive Initial $1.5M investment for 10% interest in Mary M
Slide 20: Relative Value Compelling
18/ RELATIVE VALUE Relative Value Compelling Priced as a target generator — structured for a discovery re-rating. The Lassonde Curve — illustrative value through the exploration lifecycle. Pre-resource; no DCF. Illustrative positioning — not investment advice. TSXV: ROX | OTC: CSRNF
Slide 21: Near-Term Catalysts
19/ THE CALENDAR Near-Term Catalysts What is done, what is under way, and what comes next. Spring 2026 Aug–Oct 2026 Fall 2026 · Now 3D modelling, geophysics & core Phase 1 assays released Fall drilling, ~2,250 m relogging complete Foundation for 2026 drill targeting. 15.6 m @ 2.4% CuEq (MM-26-42, wi
Slide 22: Canstar: Built to compound.
SECTION 03 — THE COMPANY Canstar: Built to compound.
Slide 23: Building a High-Quality Project Pipeline
20/ THE PORTFOLIO Building a High-Quality Project Pipeline NEWFOUNDLAND, CANADA · FLAGSHIP · FALL DRILLING NEWFOUNDLAND, CANADA · TARGET GENERATION Mary March Buchans Historical production — 16.2 Mt @ 14.5% Zn, 7.6% Pb, 1.33% Cu, 126 g/t Ag, 1.37 g/t Au (historical) District-scale Canstar landholdin
Slide 24: Skellefte: A District of Scale
21/ SWEDEN Skellefte: A District of Scale ~680 km² (~68,000 ha) ~250 Mt @ 1.9 g/t Au, 3.0% Zn, 0.7% Cu, 0.36% Pb, 45 g/t Ag District-scale historical figures — not a mineral resource Top-10 jurisdiction — Sweden ranked 9th of 68 in the Fraser Institute's 2025 Investment Attractiveness Index and 2nd
Slide 25: Capitalization & Ownership
22/ CAPITALIZATION Capitalization & Ownership STRATEGIC SHAREHOLDER ~13.9% Eric Sprott Shares outstanding (I&O) ~200.8M Fully diluted ~243.3M STRATEGIC SHAREHOLDER ~5.9% Altius Minerals Insider & strategic ownership ~22.4% Market capitalization ~C$11.0M Strong, well-reported insider alignment — ~22.
Slide 26: Team & Board
23/ THE PEOPLE Team & Board LEADERSHIP BOARD TECHNICAL EXPERTISE Juan Carlos Giron Jr. Dr. Jacqueline Allison Dr. Harold Gibson (VMSC) President & CEO Chair VP Exploration · Buchans Mary March 15+ years capital markets and exploration leadership, including Canadian-listed 20+ years Canadian and inte
Slide 27: Two high-grade VMS districts — one disciplined exploration strategy
THE OPPORTUNITY Two high-grade VMS districts — one disciplined exploration strategy. Juan Carlos Giron Jr. · President & CEO TSXV: ROX · OTC: CSRNF
Slide 28: Disclosure & Sources
24/ IMPORTANT INFORMATION Disclosure & Sources Forward-looking statements Historic information This presentation contains forward-looking information regarding exploration plans, potential and results. Such statements involve Historic Buchans production and pre-Canstar exploration results are histor
Canstar Resources — Investor Presentation (November 2026) on 6ix