Euromax Resources Ltd. · TSXV:EOX
Euromax Resources — Investor Presentation (April 2026)
18 slides from Euromax Resources's investor presentation, Apr 21, 2026
Slide 1: Committed to building long-term stakeholder value at the Ilovica-Shtuka Project
www.euromaxresources.com Committed to building long-term stakeholder value at the Ilovica-Shtuka Project in North Macedonia through development and responsible mining Euromax Resources Ltd. | TSXV: EOX
Slide 2: Disclaimer
Euromax Resources Ltd. | TSXV: EOX | www.euromaxresources.com Disclaimer This presentation contains statements that are forward-looking, such as those relating to results of operations and financial condition, capital spending, financing sources, commodity prices, mineral resources and property eval
Slide 3: The Ilovica-Shtuka Project
Euromax Resources Ltd. | TSXV: EOX | www.euromaxresources.com The Ilovica-Shtuka Project • In the heart of Europe, South-Eastern Macedonia • Porphyry copper-gold deposit • Low strip open pit • Homogenous orebody with metallurgy receptive to basic, traditional, low-cost processing • Bulk tonnage • Si
Slide 4: 2016 Feasibility Study Results
Euromax Resources Ltd. | TSXV: EOX | www.euromaxresources.com 2016 Feasibility Study Results Mineral Reserve Pre-tax NPV(5%/8%) US$ 513m / US$ 347m IRR: 19.8% o 2 Million oz Gold Post-tax NPV(5%/8%) US$ 440m / US$ 285m o 900 Million lbs Copper IRR: 17.8% Initial capex (Inc. Contingency) US$ 474.3 mi
Slide 5: Geology
Euromax Resources Ltd. | TSXV: EOX | www.euromaxresources.com Geology • 1.5 km in diameter porphyry system, associated with a poorly exposed dacite-granodiorite plug • Resource drilling completed to nominal 50m spacing • A total of 42,032m have been drilled for 130 drillholes • Consistent mineralisa
Slide 6: Mining
Euromax Resources Ltd. | TSXV: EOX | www.euromaxresources.com Mining • Strip Ratio 1:1 – open pit • Conventional drilling and blasting together with shovel and trucks supported by a fleet of ancillary equipment • Two hydraulic shovels with a fleet of up to 19 rigid dump trucks • Based on 0.17% Cu cu
Slide 7: Processing
Euromax Resources Ltd. | TSXV: EOX | www.euromaxresources.com Processing • 10Mt pa throughput with simple metallurgical processing • Primary gyratory in pit crusher with conveyor from pit to plant • SAG mill with two ball mills • Flotation to a clean copper concentrate • Thickened tailings disposal
Slide 8: Tailings Management Facility
Euromax Resources Ltd. | TSXV: EOX | www.euromaxresources.com Tailings Management Facility Starter Wall (625 masl) Tailings Sterile Rockfill – Downstream Construction • Downstream method of construction and wall raising Conservative slopes to safeguard the long term integrity Final Embankment (776 m
Slide 9: Logistics
Euromax Resources Ltd. | TSXV: EOX | www.euromaxresources.com Logistics • Bulk flotation - produces clean concentrate of 24% Cu & 24g/t Au • 60,000 – 100,000 tpa concentrate production using 30t trucks • Road Transportation (A3 Motorway) directly to the Pirdop smelter at costs of US$26.4 per tonne o
Slide 10: Regional Infrastructure
Euromax Resources Ltd. | TSXV: EOX | www.euromaxresources.com Regional Infrastructure Power Distribution Power infrastructure based on new 110 kV overhead transmission lines from existing substations at Berovo and Sushica Water Supply Water pumping scheme maximises water retention from tailings and
Slide 11: Capex & Opex
Euromax Resources Ltd. | TSXV: EOX | www.euromaxresources.com Capex & Opex Initial Capex Breakdown (US$m) Operating Costs (US$/t ore) • Strip Ratio 1:1 Mining & Fleet $75.2 Mining (average – inc. labour) $3.54 • US$ 1.8/t of material moved Processing $6.73 Processing Plant $199.6 Labour $0.88 Owner’
Slide 12: Environmental and Social Aspects
Euromax Resources Ltd. | TSXV: EOX | www.euromaxresources.com Environmental and Social Aspects Macedonian Regulative & International best practice standards governing the mining sector EBRD Performance Standards| Equator Principles III Environmental Baseline Social Baseline • Water monitoring • Soci
Slide 13: N. Macedonia
Euromax Resources Ltd. | TSXV: EOX | www.euromaxresources.com N. Macedonia • Former Yugoslav Republic • Independent since 1991 Parliamentary democracy • NATO member and EU Candidate Country • Leading Parties: VMRO:VLEN:ZNAM (Current Coalition) SDSM:DUI (Previous Coalition) • Population – 1.8 million
Slide 14: Mining in N. Macedonia
Euromax Resources Ltd. | TSXV: EOX | www.euromaxresources.com Mining in N. Macedonia Serbia GENESIS RESOURCES MINSTROY HOLDING PLAVICA – Kratovo TORANICA – Kriva Palanka Gold, Copper and Zinc Lead, Zinc and Silver CAML SASA - MK Kamenica Lead, Zinc and Silver MINSTROY HOLDING ZLETOVO – Probishtip Fo
Slide 15: Permitting
Euromax Resources Ltd. | TSXV: EOX | www.euromaxresources.com Permitting Delayed since 2016 but concessions restored to good legal standing In early 2016, Euromax requested the merger of its two concessions to allow Euromax to submit the required documentation for its Exploitation Permit applicati
Slide 16: Shareholders
Euromax Resources Ltd. | TSXV: EOX | www.euromaxresources.com Shareholders Trafigura & Geotechmin investment via Galena creates key partnership Capitalisation Overview Market cap (March 2026) C$ 23.4 M Financed US$4 million in 2018 Closing price (March 2026) C$ 0.025 Completed significant level
Slide 17: Board
Euromax Resources Ltd. | TSXV: EOX | www.euromaxresources.com Euromax Board Tim Morgan-Wynne, Executive Director & CEO P. Gage Jull, Non-Executive Chairman • Joined Euromax Board in 2012 • Joined Euromax Board in 2025 • Extensive corporate and project finance experience. • Co-founder and Chairman of
Slide 18: Tim Morgan-Wynne, Nikola Gulev
www.euromaxresources.com Tim Morgan-Wynne Nikola Gulev Chief Executive Officer Chief Financial Officer tmorganwynne@euromaxresources. ngulev@euromaxresources.mk com Euromax Resources Ltd. | TSXV: EOX | ww.euromaxresources.com
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