Stardust Metal Corp. · TSXV:ZIGY
Stardust Metal — Investor Presentation (January 2026)
26 slides from Stardust Metal's investor presentation, Jan 30, 2026
Slide 1: Stardust Metal: Unlocking Legacy Assets on the Cadillac Break
STARDUST METAL Unlocking Legacy Assets on the Cadillac Break
Slide 2: Advancing Assets in the World-Class Kirkland Lake Camp
ADVANCING ASSETS IN THE WORLD-CLASS KIRKLAND LAKE CAMP Cadillac Break N Upper Beaver Kerr Addison Larder Macassa Stardust Stardust Stardust Omega McGarry Kirkland West M&I: 219.8 Koz @ 1.39 g/t Au M&I: 123 Koz @ 8.57 g/t Au Inf: 365.4 Koz @ 2.43 g/t Au Inf: 30 Koz @ 5.83 g/t Au Exploration Macassa K
Slide 3: Multiple Assets on the Cadillac Break
MULTIPLE ASSETS ON THE CADILLAC BREAK • Assets located in an active Abitibi consolidation corridor with strong precedent for resource expansion, monetization and strategic transactions • Significant Discovery Upside. • Near–Term Value from Historic Tailings. • Established Resources with Expansion Po
Slide 4: Comparable Canadian Gold Projects
COMPARABLE CANADIAN GOLD PROJECTS Stardust is significantly undervalued relative to peer group. EV/AuEq AuEq Resources Select Ontario Gold Projects Jan 27 (US$/oz) (Moz) Grade Company Asset Stage EV (C$M) Total Total (g/t) Goldshore Resources Moss Lake Resource $558 $83.28 6.7 1.13 Gold Candle Kerr
Slide 5: McGarry Project – Overview
MCGARRY PROJECT – OVERVIEW • Known high –grade gold resource with in- place mining infrastructure. Kerr Addison • Large, untested geophysical anomaly McGarry Deposit blue sky upside. M&I: 123 Koz @ 8.57 g/t Au Inferred: 30 Koz @ 5.83 g/t Au Kerr Deep • Tailings reprocessing adds near term value. Z
Slide 6: District Scale Discovery Opportunity
DISTRICT SCALE DISCOVERY OPPORTUNITY • District scale magnetic anomaly extending from ~250 metres to >1,000 metres depth. • Same host rocks as nearby multi-million- Kerr Addison ounce deposits. McGarry Deposit M&I: 123 Koz @ 8.57 g/t Au Inferred: 30 Koz @ 5.83 g/t Au • Untested: High-priority drill
Slide 7: Kerr Addison Tailings
KERR ADDISON TAILINGS • ~40Mt of tailings largest shovel-ready deposit in Kirkland Lake. • From the legendary Kerr-Addison mine Kerr Addison produced 11Moz gold at ~ 9g/t. Kerr Addison Tailings • 2026 tailings characterization study define scale, grade and recovery. • Capital-light, stand alon
Slide 8: Kerr Deep Zone – Below the Existing Resource
KERR DEEP ZONE – BELOW THE EXISTING RESOURCE • Significant mineralization outside of Kerr Deep Zone Drilling Section current resource. 730W 488W 245W 245E 488E Existing McGarry resource Mineralization • Historical high-grade intervals Drill Hole 730m remains open. U/G Workings Kerr Deep Zone 4.97
Slide 9: McGarry Infrastructure
MCGARRY INFRASTRUCTURE • +$40M invested in mining Headframe Hoist infrastructure. • Existing shaft access ~700 metres depth. • Dewatering evaluation underway. Power Offices • Low-cost access to Kerr Deep drilling. 9
Slide 10: Omega Project – Near Term Upside
OMEGA PROJECT – NEAR TERM UPSIDE • High-grade open pit historical resource. • Strategically located within an active mine Omega development corridor. M&I: 219.8 Koz @ 1.39 g/t Au Inferred: 365.4 Koz @ 2.43 g/t Au • Clear upside from resource growth and new discoveries. • Updated MRE under current go
Slide 11: Omega Project: High Value Ounces, Near Surface
OMEGA PROJECT: HIGH VALUE OUNCES, NEAR SURFACE Grade From To Hole Intercepts Thickness (m) (m) (g/m) 13-107 42m @ 2.8g/t 110 152 116 83-31 41m @ 2.7g/t 16 57 110 13-109 58m @ 1.7g/t 140 198 101 11-28 73m @ 1.3 g/t 86 159 98 11-05 28m @ 3.4g/t 29 57 95 11-02 22m @ 4.3g/t 103 125 94 11-40 20m @ 4.6 g/
Slide 12: Kirkland West – Expanding the Gold Corridor
KIRKLAND WEST – EXPANDING THE GOLD CORRIDOR • West of Amikougami fault potentially new gold corridor at Macassa. Macassa1 • Stardust’s 31g/t gold intercept validates high – grade potential west of the fault. Kirkland West 4,600t @ 21.9 g/t Au (Historical) • Recent Barrick staking highlights emergi
Slide 13: Near Term Catalysts
NEAR TERM CATALYSTS • ANT Survey for Drill Targeting McGarry Geophysical Anomaly. • Tailings Characterization Study McGarry / Omega Tailings. • Updated MRE at McGarry and Omega Current Gold Pricing. • Kerr Deep Evaluation and Drill Target Identification. • Active evaluation of consolidation op
Slide 14: Management & Board
MANAGEMENT & BOARD Stephen Stewart, Charles Beaudry Michael Mansfield CEO & Chairman P. Geo, VP Exploration Director • Founder & Chair of Ore • +35 years as a geologist • +20 years as an Group across the globe. investment advisor. • Focused on M&A, • 17 years with Noranda- • VP investment profession
Slide 15: Stardust Corporate Overview
STARDUST CORPORATE OVERVIEW Corporate Overview Share Price MIS: CSE CSE ZIGY: CSE Shares Outstanding 35.7 M Share Price (2025/01/27) (CAD) $0.325 Market Cap (CAD) $11.60 Cash In Treasury (CAD) ~$2.6 M Board & Management Stephen Stewart Chairman Joel Friedman CFO Charles Beaudry VP Exploration, Direc
Slide 16: Stardust Metal: Part of Ore Group
Stardust Metal : Part of Ore Group consists of in-house technical and financial expertise & is focused on premier jurisdictions & on metals with strong, long-term fundamentals AURIGINAL MINING AWALE AUME: TSXV METAL ENERGY AMERICAN EAGLE GOLD ARIC: TSXV Copper & Gold exploration MERG: TSXV AE: TSXV
Slide 17: Contact
Contact Stephen Stewart, Chairman sstewart@oregroup.ca www.stardustmetals.ca 141 Adelaide Street West, Suite 1102, Toronto, ON M5H 3L5
Slide 18: McGarry Tailings: Right on the Highway
MCGARRY TAILINGS: RIGHT ON THE HIGHWAY Kerr Addison Tailings: High Value Ounces: Easy to mine, on the TransCanada Highway just KMs away from Kerr Addison and Agnico’s Upper Beaver 18
Slide 19: McGarry: Additional Exploration Upside
MCGARRY: ADDITIONAL EXPLORATION UPSIDE • Multiple zones with high- grade sampling. Arjon • Zones are on the Cadillac break or splay structures. Kerr Deep N 19
Slide 20: Kerr Deep Zone: High-Grade
KERR DEEP ZONE: HIGH-GRADE • Extension of the historical Kerr Addison mine at depth. Notable High-grade Intersections: McGarry Mineralization: Kerr Deep Zone Section Mineralization U/G Workings McGarry Kerr Addison Grade Interval Depth Section Hole (g/t) (m) (m) Existing 215m 5.8 1.95 838 200W 22-94
Slide 21: Barber-Larder: Near Surface
BARBER-LARDER: NEAR SURFACE • Shallow open pit mine (46 metres deep) in 1987 – 1988. • Deposit open to at least 600m depth at similar grades. • Mineral resource estimate planned for 2026 – 2027. Barber Larder Mineralization Section Mineralization 46m Barber Larder Pit Notable Intersections 3.3 g/t o
Slide 22: McGarry: Arjon Shear Zone
MCGARRY: ARJON SHEAR ZONE • Same host rocks as McGarry and Kerr Addison – Arjon green carbonate. • Structures extend northeast into adjacent Kerr Addison property. • Follow-up for intrusion-hosted bulk-minable gold mineralization. N 22
Slide 23: McGarry: Mill Zone
MCGARRY: MILL ZONE • 750-metre-long ultramafic unit completely altered to green carbonate. • Historical drilling intersected up to 36.7 g/t gold over 2.1 metres. • Trenched over 75 metres in length indicating mineralization: • 3.9 g/t gold. • 15 metres long • 1.7 metres wide N 23
Slide 24: Proximity of McGarry Shaft to Kerr Addison
PROXIMITY OF MCGARRY SHAFT TO KERR ADDISON • McGarry shaft: quickest way to access underground resources at Kerr Addison. • Shaft goes to a depth of 2,250 ft – drifting to Kerr Addison is inexpensive compared to sinking a new shaft. 24
Slide 25: Goldie: Optionality in an Emerging Gold District
GOLDIE: OPTIONALITY IN AN EMERGING GOLD DISTRICT • District scale adjacent to Delta Resources’ Goldie Project Delta-1 project. • Direct highway access. • High-grade gold intersections: • 2.02 g/t gold over 14 metres from 153 metres • 16.6 g/t gold over 1 metre from 70 metres • 1.13 g/t gold over 16
Slide 26: Forward Looking Statements
FORWARD LOOKING STATEMENTS WE ARE IN THE MINERAL EXPLORATION AND DEVELOPMENT BUSINESS. IT IS INHERENTLY RISKY, AND ALL INVESTORS SHOULD BE KEENLY AWARE OF THIS This presentation contains forward-looking statements and forward-looking information (collectively referred to herein as “forward-looking s
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