Fitzroy Minerals Inc · TSXV:FTZ
Fitzroy Minerals — Investor Presentation (November 2025)
21 slides from Fitzroy Minerals's investor presentation, November 2025
Slide 1: Building a High-Performance Explorer Supported by Cash Flow
TSX-V: FTZ OTCQB: FTZFF NOVEMBER BUILDING A HIGH-PERFORMANCE EXPLORER SUPPORTED BY CASH FLOW 2025 TSX-V: FTZ OTCQB: FTZFF Fitzroyminerals.com
Slide 2: Cautionary Statement on Forward-Looking Information
TSX-V: FTZ CAUTIONARY STATEMENT ON OTCQB: FTZFF FORWARD-LOOKING INFORMATION This presentation is not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, pu
Slide 3: Snapshot
TSX-V: FTZ OTCQB: FTZFF FTZ.V C$103 M Mkt Cap Buen Retiro Heap Leach Buen Retiro Good liquidity Near infrastructure Strong partner PEA for Heap C$11 M cash 2026 Target Leach JV >32,000 m drilled 370 m RSL Sulphides explore +11,000 m depth potential DD/RC PEA started Buen Retiro Heap Leach Two Copper
Slide 4: Corporate
TSX-V: FTZ TWO DISCOVERIES IN THE MAKING AND MINE POTENTIAL OTCQB: FTZFF14 LEVERAGE TO COPPER, GOLD, MOLYBDENUM, RHENIUM Issued 274,618,429 shares Share Capital 20,685,000 options In-the-money Share & Warrant Premium 35,480,501 warrants (24.1 M @ 22.4c ave.) C$5.4 M in 2026 330,783,930 fully diluted
Slide 5: Two Copper Assets in the Chilean Copper Fairway
TSX-V: FTZ TWO COPPER ASSETS IN THE CHILEAN COPPER FAIRWAY OTCQB: FTZFF NON-OPERATED CASH FLOW POTENTIAL PLUS SIGNIFICANT EXPLORATION UPSIDE BUEN RETIRO Copper • Non-Operated Heap Leach Potential • Significant Infrastructure Advantages • Streamlined Permitting • Possible Partnership with Pucobre • C
Slide 6: A High-Impact Months Ahead: Work Plan
TSX-V: FTZ A HIGH-IMPACT 12 MONTHS AHEAD OTCQB: FTZFF BUEN RETIRO ON THE ROAD TO PRODUCTION. EXPLORATION AT CABALLOS & BUEN RETIRO Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026 Buen Retiro Copper Chile Infill, sterilization, geotech drilling / metallurgy / MRE / engineering / baseline PEA (Initial) ~C$4.0
Slide 7: Buen Retiro PEA Driven by Unique Infrastructure and Partnership Opportunities
BUEN RETIRO PEA DRIVEN BY UNIQUE TSX-V: FTZ OTCQB: FTZFF5 INFRASTRUCTURE AND PARTNERSHIP OPPORTUNITIES Pucobre SA, partner Has 30% Clawback Right Owns Planta Biocobre (9.6 ktpa nameplate capacity) Produces 38ktpa Cu Chile’s only listed Cu Co Other Infrastructure Advantages: Copiaport-E: approved des
Slide 8: Buen Retiro - A Major Copper System
TSX-V: FTZ BUEN B U E N RETIRO R E T I R O *- A MAJOR COPPER SYSTEM OTCQB: FTZFF Exploration for large sulphide body in parallel with… …Development Fast-Track Opportunity for Heap Leach Project FERTILE AND ABUNDANT SYSTEM HEAP LEACH PROJECT PERMITTING ADVANTAGES SULPHIDE DISCOVERY UPSIDE WITHIN RICH
Slide 9: >1400 Metres Continuous Mineralization, Southwest and South Zones Linking Up
>1400 METRES CONTINUOUS MINERALIZATION, TSX-V: FTZ OTCQB: FTZFF SOUTHWEST AND SOUTH ZONES LINKING UP EXTENSIVE OXIDE / TRANSITION / MIXED SURFACE COPPER MINERALIZATION AT BUEN RETIRO Drilling* highlights: BRT-DDH022 110 m @ 1.94% Cu; BRT-DDH06 135 m @ 0.73% Cu Central, S, and SW NE Trend – ready 12,
Slide 10: PEA Focused on the Shallow Mineralization
PEA FOCUSED ON THE SHALLOW MINERALIZATION TSX-V: FTZ OTCQB: FTZFF5 LEACHABLE RESOURCES TYPICALLY OFFER LOW CAPITAL INTENSITY DEVELOPMENT OPTIONS Friable, Shallow, Favourable Mineralogy • Dominantly tenorite, chrysocolla, chalcocite and native copper • Tenorite, CuO, 80% Cu • Chrysocolla, 38% Cu • Ch
Slide 11: A Large Copper Sulphide Prize Below
TSX-V: FTZ A LARGE COPPER SULPHIDE PRIZE BELOW OTCQB: FTZFF5 BUEN RETIRO TAPPING INTO DEEP STRUCTURES / GEOPHYSICAL ANOMALIES N-S magnetic section shows major anomaly with deep roots in the south… …and a major IP anomaly open at depth BUEN 11 RETIRO OXIDES 11
Slide 12: Caballos – A New Frontier
CABALLOS – A NEW FRONTIER TSX-V: FTZ OTCQB: FTZFF 18,000 ha Strategic licences 2,000 m Elevation Main anomalies Between Los Pelambres & Los Bronces Metallogenic Belt Potentially extended S Age Dates Highly fertile 12 f itzr o ym i ner a ls .c om
Slide 13: Copper – Moly – Gold - Rhenium System
TSX-V: FTZ COPPER – MOLY – GOLD - RHENIUM SYSTEM OTCQB: FTZFF SUCCESSFUL PROOF-OF-CONCEPT DRILL HOLE OPENS A NEW MINERALISED CORRIDOR 200 m @ 0.46% Cu, 0.06% Mo, 0.07 g/t Au, including: 98 m @ 0.78% Cu, 0.11% Mo, 0.12 g/t Au 18,000 ha Strategic licences 2,000 m elevation Main anomalies 2x 1,200 m Lo
Slide 14: Success – First Drill Hole at Caballos
TSX-V: FTZ SUCCESS – FIRST DRILL HOLE AT CABALLOS OTCQB: FTZFF NEW CU-MO-AU-RE MINERALISING SYSTEM Molybdenum Surface Anomaly mapped 4.5-5x Cu, payable 1150 m x 150 m Sulphides Gold / Rhenium No oxides / transition Potential value Drillhole CAB-DDH001 selected results, Chincolco anomaly From (m) To
Slide 15: Significant Scale-Potential at Caballos
TSX-V: FTZ SIGNIFICANT SCALE-POTENTIAL AT CABALLOS OTCQB: FTZFF VALUABLE AND STRATEGIC BY-PRODUCTS. CRITICAL MINERALS IN A POLARISED WORLD DIAMOND DRILLING Chincolco 3,000 m in 2025 Track Access Molybdenum Volcanics High-grade samples to date (relative to Cu-Mo porphyries)* Volcanics Rhenium 50-60%
Slide 16: C$11 M Option / Warrant Premium = C$5.4 M
TSX-V: FTZ OTCQB: FTZFF Buen Retiro Oxides Buen Retiro Oxides Develop « de-risk C$4.0 million 12-month budget or grow » plan for oxide resources Test depth • Additional 3,000 m DD and RC in 2025 (sulphide) potential Use of funds (12 months) (11,000 m total, 9,000 m is already drilled) C$11 M • Infil
Slide 17: Legally Binding Key Terms / Secure Title
TSX-V: FTZ LEGALLY BINDING KEY TERMS / SECURE TITLE OTCQB: FTZFF SIGNED AS DEEDS BY “NOTARY PUBLIC” Option for 100% of Buen Retiro Option for 100% of Caballos Minimum eligible expenses of US$11 M By Minimum eligible expenses of US$7 M By US$7 M exploration / technical Aug 2027 US$5 M exploration / t
Slide 18: An Experienced Team Focused on Growth, Momentum and Value
TSX-V: FTZ AN EXPERIENCED TEAM FOCUSED ON OTCQB: FTZFF GROWTH, MOMENTUM AND VALUE IN COPPER AND GOLD DISCOVERIES CAMPBELL SMYTH MERLIN MARR-JOHNSON MARY GILZEAN KEN McNAUGHTON CHAIRMAN, DIRECTOR PRESIDENT AND CEO, DIRECTOR DIRECTOR TECHNICAL ADVISOR Campbell received a Bachelor of Commerce Merlin is
Slide 19: Summary
TSX-V: FTZ FTZ.V OTCQB: FTZFF C$103 M Mkt Cap Good liquidity C$11 M cash NOVEMBER PEA started 2025 Buen Retiro Heap Leach PEA underway BUILDING A HIGH-PERFORMANCE EXPLORER JV discussions with Pucobre SUPPORTED BY CASH FLOW Potential near-term, non- operated cash flow SITE VISIT Exploration Upside Bu
Slide 20: Contact Us
TSX-V: FTZ OTCQB: FTZFF MERLIN MARR-JOHNSON President and CEO +44 (0) 7803712280 mmj@fitzroyminerals.com CONTACT US TSX-V: FTZ OTCQB: FTZFF info@fitzroyminerals.com www.fitzroyminerals.com
Slide 21: Buen Retiro Initial PEA Driven by Unique Infrastructure and Partnership Opportunities
BUEN RETIRO INITIAL PEA DRIVEN BY UNIQUE TSX-V: FTZ OTCQB: FTZFF5 INFRASTRUCTURE AND PARTNERSHIP OPPORTUNITIES Pucobre SA 30% Clawback Clause* * Pucobre S.A (“Pucobre”) 30% Clawback Right on the Buen Retiro Option, which encompasses Buen Retiro and Manto Negro concessions, but not the Sierra Fritis
Fitzroy Minerals — Investor Presentation (November 2025) on 6ix