Sailfish Royalty Corp. · TSXV:FISH
Sailfish Royalty — Investor Presentation (April 2025)
31 slides from Sailfish Royalty's investor presentation, April 2025
Slide 1: Corporate Presentation
April 2025 Corporate Presentation TSXV: FISH OTCQX: TSXV: FISH SROYF 1 OTCQX: SROYF
Slide 2: Forward-looking Statements
Forward-looking Statements DISCLAIMER Certain information contained herein, other than information relating to Sailfish Royalty Corp. (“Sailfish” or the “Corporation”), while obtained from sources which we believe are reliable, is not guaranteed as to its accuracy or completeness. The contents of th
Slide 3: Technical and Third-Party Information
Technical and Third-Party Information TECHNICAL AND THIRD-PARTY INFORMATION This presentation includes market, industry and economic data which was obtained from various publicly available sources and other sources believed by Sailfish to be true. Although Sailfish believes it to be reliable, it has
Slide 4: Company Overview
Company 01 Overview Section
Slide 5: Sailfish is a precious metals royalty and streaming company
Sailfish is a Precious precious metals Metals Royalty & Assets are focused in the Americas royalty and Streaming Company streaming Company Backed by Wexford Capital LP (“Wexford”), a well-funded investor that was part of the Strong Backing creation of Viper Energy • Cash flowing stream(1) and royalt
Slide 6: Capital Structure
Capital Structure Sailfish is backed by a well-funded investor with a successful track record in the resources sector Ownership TSX-V / OTCQX listings FISH / SROYF Price (1) C$1.63 High – Low (52 weeks) (1) C$1.75– C$1.11 Shares outstanding 70.9 million Other, 31.2% Options 4.83 million (avg C$1.32
Slide 7: Investment Highlights
Investment Highlights Cash flow from the San Albino gold stream, with a Significant Royalty on Spring Valley Solid Cash Flow Spring Valley Optionality Returning Value to Shareholders Spring Valley (1,2) operators expect permits in Cash flow from Las Conchitas has hit steady Share repurchases state.
Slide 8: Timeline & Catalysts
• White House Executive Order Streamlining permitting Timeline & Catalysts 2025 process for Energy and Minerals2,5 • Spring Valley DRAFT EIS filed4 • Spring Valley Feasibility Study Highlights Released3 • Adoption of a Dividend Reinvestment Plan 2024 • Los Conchitas Reaches Steady State Production •
Slide 9: Cash Balance and Revenue
Cash Balance and Revenue The San Albino gold mine declared commercial production in July 2021 – Revenue and Cash Balance Improvements $3,000 $2,500 Revenue & Cash Balance (US$ 000) $2,000 $1,500 $1,000 $500 $- Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Revenue (US$ 000) Cash Balance (US$ 000)
Slide 10: Return of capital to shareholders
Return of capital to shareholders In addition our NCIB, Sailfish has an industry - leading dividend yield Yield % 5.00% 4.50% 4.41% 4.00% 3.50% 3.00% 2.50% 2.10% 2.00% 1.50% 1.22% 1.17% 1.05% 0.95% 0.89% 0.88% 1.00% 0.50% 0.00% Sailfish VOX Triple Flag Fraco Nevada Royal Gold Osisko Sandstorm Wheato
Slide 11: Management Team
Management Team Inline with the strategy of Paolo Lostritto, P.Eng CEO and Director Akiba Leisman Co-Founder and Executive Chairman keeping G&A to a Paolo Lostritto has an extensive background in mining capital markets and working with companies across the globe since 1997. Paolo has helped Akiba Le
Slide 12: Asset Overview
Asset 02 Overview Section
Slide 13: Total Asset Portfolio
Total Asset Portfolio Ability to invest globally, with a focus on the Americas A diverse portfolio of precious metals royalties, including a stream, and a silver property Up to 3% NSR on the Spring Valley gold project (3.8 M Spring Valley Nevada, USA oz Au Reserves) (1,2) Moonlight Nevada, USA Up to
Slide 14: San Albino & Spring Valley
San Albino • A gold stream equivalent to a 3% NSR on the San Albino gold mine and the current AOI (3.5 sq. km) and a 2% NSR on a 134.5 sq. km area surrounding the AOI Main Assets • Commercial production declared July 1, 2021 (1). • San Albino has been one of the highest-grade open pit gold operation
Slide 15: San Albino Gold Stream Location Map
Location Map San Albino Gold Stream Exposure to a highly prospective gold district • San Albino Gold Stream covers 3.5 sq. km • In addition, there is a 2% NSR on a 134.5 sq. km area surrounding region of the Gold Stream • There are numerous exploration targets on Mako’s Nicaraguan land package cover
Slide 16: San Albino
Location Status Operator Nueva Segovia, Open Pit Nearly Mako Mining Corp. Nicaragua complete. Assessing potential Underground Mine Average Royalty Type Annual Stream equivalent Open pit with Production to a 3% NSR (2) San Albino potential Underground was ~35,000 oz AuEq Stream equivalent to a 3% NSR
Slide 17: Las Conchitas
Location Status Operator Nueva Segovia, Operation Mako Mining Corp. Nicaragua Mine Average Royalty Type Annual 2% NSR (1) Open pit with Production Las Conchitas potential underground ~40,000 oz AuEq per annum 2% NSR on a district-scale land package Now Operating at Steady State Term Upfront Ongoing
Slide 18: Spring Valley & Moonlight - Nevada
Spring Valley & Moonlight - Nevada Claim boundaries are approximate and for illustrative purposes only TSXV: FISH 18 OTCQX: SROYF
Slide 19: Spring Valley
Location Status Operator Pershing Country, Permitting Stage Waterton Global Nevada, USA expected in Q3/25 & Resource construction Management starting in H2/25 Mine Average Royalty Type Annual Up to 3% NSR on Production majority of the Spring Valley Open pit Avg 348k oz Au/yr current gold Mine Plan (
Slide 20: Spring Valley
Spring Valley Important Scope Highlight 2025 Feasibility Study1 243M tons of ore Feasibility contemplates 3.8 million ounces of gold reserves from 243M tons of ore using US$1,800/oz Au(1) Based on an M&I resources of 4.4 M oz Au; plus, Inferred Resource of 618k oz Au; using US$1,700/oz Au(1) Plan of
Slide 21: Moonlight
Location Status Operator Pershing Country, Early stage Waterton Global Nevada, USA exploration Resource Management Claim boundaries are approximate and for Mine Average Royalty illustrative purposes only Type Annual Up to 2% NSR on Not yet specified, Production Moonlight property, Moonlight but pote
Slide 22: Moonlight
Claim boundaries are approximate and for illustrative purposes only Moonlight Up to 2% NSR on Moonlight property Strong potential for defining additional Mineral Resources outside the current resource pit, including extensions to the Spring Valley Deposit, multiple exploration targets nearby, and ta
Slide 23: El Compas
Location Status Operator 1 km south of Mining operations Grupo ROSGO, S.A. Zacatecas City, suspended (1) de C.V. Zacatecas State, Mexico Mine Average Royalty Type Annual 1.5% NSR, on the Underground / Production majority of the El Compas flotation CIP Mining operations concessions, including those s
Slide 24: La Cigarra
Location Status Operator Parral Silver District, Resource released Kootenay Silver Inc. Chihuahua State, early 2024 (M&I Mexico 60.56 Moz AgEq1 + Inf 12.85 Moz AgEq1) Mine Average Royalty Type Annual 1% NSR, on the Parral Not yet specified, Production 2 claim, which La Cigarra but potential for open
Slide 25: Gavilanes
Location Status Operator San Dimas mining Early stage Sailfish De Mexico district, Durango exploration State, Mexico Property Description Low-sulphidation epithermal deposit located in the San Dimas mining district of Durango, Mexico, ~23 km northeast of the San Dimas mine Gavilanes owned and operat
Slide 26: Appendix
03 Appendix Section
Slide 27: San Albino + Las Conchitas Mineral Resources
San Albino + Las Conchitas Mineral Resources (1) October 31, 2023 NI 43-101 Mineral Resource Summary (1) The San Albino Project open pit and underground mineral resource includes a Measured and Indicated mineral resource of 670,100 tonnes at a diluted grade of 11.61 grams per tonne (g/t) Au for 250,
Slide 28: Spring Valley Mineral Resources – Sept 2024
Spring Valley Mineral Resources – Sept 2024 (1) Classification Tonnage Gold Grade Contained Metal (‘000 tons) (oz/ton) (koz Au) Measured -- -- -- Indicated 259,802 0.017 4,362 Total M&I 259,802 0.017 4,362 Inferred 44,354 0.014 618 Classification Tonnage Gold Grade Contained Metal (‘000 tons) (oz/to
Slide 29: Spring Valley Project Map
Spring Valley Project Map (1) The Spring Valley royalties (red, green and blue claims) cover the entirety of the project 1. Claim boundaries are approximate and for illustrative purposes only. TSXV: FISH 29 OTCQX: SROYF
Slide 30: Gavilanes Silver Property – Updated Resource
Gavilanes Silver Property – Updated Resource NI 43-101 Mineral Resource Estimate (100 g/t AgEq cut-off): (1) (2) Estimated Underground Inferred Resource Cutoff Average Contained g g % % % Grade g Tonnes Grade g oz. oz. Ag oz. Au lbs Cu lbs Pb lbs Zn Ag/t Au/t Cu Pb Zn AgEq/t (2) AgEq/t (2) AgEq (2)
Slide 31: Thank you!
Thank you! Location: Telephone: Investor Sailfish Royalty Corp. +1 284-494-6401 Relations: Sea Meadow House Deborah Honig Adelaide Capital P.O. Box 116 Email: Road Town, Tortola +1 647-203-8793 info@sailfishroyalty.com British Virgin Islands VG1110 deborah@adcap.ca TSXV: FISH 31 OTCQX: SROYF
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