Arizona Metals Corp · TSX:AMC
Arizona Metals — Investor Presentation (September 2026)
22 slides from Arizona Metals's investor presentation, September 2026
Slide 1: Advancing High-Grade Copper-Gold-Zinc Exploration in Arizona
Advancing High-Grade Copper-Gold-Zinc Exploration in Arizona TSX: AMC Corporate Presentation September 2026 OTCQX: AZMCF 1
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS Statements contained in this presentation that are not historical facts are “forward-looking information” or “forward-looking Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, statements” (collectiv
Slide 3: What Distinguishes Arizona Metals?
WHAT DISTINGUISHES ARIZONA METALS? Indicated: KAY MINE PEA KAY RESOURCE 9.28 million tonnes @ 3.18% CuEq Base Case After-Tax NPV5% of US$-6 million and IRR of Inferred: 0.86 million tonnes @ 2.44% CuEq 4.9% at US$4.70/lb copper, US$1.27/lb zinc, US$3,100/oz Base-case cut-off grade: 1.00% CuEq gold a
Slide 4: Market Snapshot
MARKET SNAPSHOT CAPITAL STRUCTURE STOCK CHART Shares Outstanding (Basic) 136.76 M Market Capitalization $28.72 M 3.12 M Options, Etc. RSUs 0.40 M | DSUs 0.42 M Warrants Nil Shares Outstanding (Fd) 141.70 M Cash (June 30, 2026) $11M ANALYST COVERAGE Beacon Securities Analyst: Bereket Berhe Scotiabank
Slide 5: Senior Management
SENIOR MANAGEMENT DUNCAN MIDDLEMISS SUNG MIN (ERIC) MYUNG President and CEO Chief Financial Officer Duncan Middlemiss, P.Eng., is Chair of Talisker Resources Ltd. and serves Senior Financial Analyst at Marrelli Support Services Inc. Previously worked at on the board of West Red Lake Gold Mines Ltd.
Slide 6: Board of Directors
BOARD OF DIRECTORS JACQUES PERRON BREANNE BEH Chair Independent Director Jacques Perron is the Chair and a director of Arizona Metals Corp., with Ms. Breanne Beh is a Professional Geologist with over a decade of technical over 40 years of experience in the mining industry. He also serves on and expl
Slide 7: Arizona: A Leading U.S. Copper-Producing Jurisdiction
ARIZONA: A Leading U.S. Copper-Producing Jurisdiction 1 Two 100%-owned exploration projects in mining- friendly Arizona: Kay Mine and Sugarloaf Peak Excellent infrastructure at both projects: road, power and water access KAY MINE Initial mineral resource estimate (MRE) complete Indicated: 9.28 milli
Slide 8: Kay Mine Surrounded by High-grade Past Producing VMS Mines
KAY MINE Surrounded by High-grade Past Producing VMS Mines Kay is located just 45 minutes or 74 Kilometres North of Phoenix on private and BLM claims with excellent infrastructure KAY MINE 60 past-producing underground Cu-Au-Zn VMS mines within 150 km radius of Kay Mine Phelps Dodge’s United Verde M
Slide 9: Kay Mine Project Overview
KAY MINE Project Overview KAY MINE HIGHLIGHTS 2025 KAY MINE MRE Excellent infrastructure: road, power and water Less than 10% of prospective mineralized horizon access; includes mineral and water rights on Kay property has been drill-tested Cu Metallurgical testing is ongoing – including NO Royalti
Slide 10: Kay Mine Mineral Resource Estimate
KAY MINE Mineral Resource Estimate MINERAL RESOURCE ESTIMATE OBLIQUE LONG SECTION LOOKING EAST Indicated: 9.28 million tonnes @ 3.18% CuEq Inferred: 0.86 million tonnes @ 2.44% CuEq High grade, with good geometry and continuity suitable for bulk underground mining methods. INFILL POTENTIAL This init
Slide 11: Kay Mine Preliminary Economic Assessment
KAY MINE Preliminary Economic Assessment PRELIMINARY ECONOMIC ASSESSMENT Base Case* After-Tax NPV5% of US$-6 million and IRR of 4.9% at US$4.70/lb copper, US$1.27/lb zinc, US$3,100/oz gold and US$38/oz silver. Spot Case** After-Tax NPV5% of US$445 million and IRR of 14.9% at US$6.05/lb copper, US$1.
Slide 12: Discovery New Kay Lens
DISCOVERY New Kay 2 Lens KM-25-181 29.6 m @ 10.72 g/t AuEq 13.6 m @ 17.56 g/t AuEq KM-25-177A intersected 4.3 m @ 2.6% CuEq This extends mineralization 280 m below the previous deepest drill intercept on the property (KM-24- 173, 2.4 m @ 2.7% CuEq), and brings the total down-dip length of drilled mi
Slide 13: Formation of VMS Deposits
FORMATION OF VMS DEPOSITS Massive sulphide lenses form on seafloor and are then folded to a vertical orientation during metamorphic events Kay Mine Massive Sulphide Lens Projected Massive Sulphide Lens After Hannington et al., 1999 ARIZONAMETALSCORP.COM \ TSX: AMC \ OTCQX: AZMCF 13
Slide 14: Kay Mine Folding Provides 10km of Exploration Strike Length
KAY MINE Folding Provides 10km of Exploration Strike Length NEW DRILL PADS FOR EXPLORATION TARGETS 8 new drill pads approved Pads located to test multiple exploration targets Kay North Extension—pads 11, 12, 16 North Central Target—pads 13, 14 North West Target—pad 15, 17, 18 Simple approval fr
Slide 15: Kay Mine Property Wide Exploration Targets
KAY MINE Property Wide Exploration Targets NORTH CENTRAL TARGET Surface rock assays of multi-percent Cu, high- grade Au, and anomalous Zn Strong soil anomalies Almost 5 km of strike along folded Kay Mine and additional mineral horizons 2.7 m @ 0.5% CuEq in drill hole KM-22-95 0.5 m @ 11.34% CuEq
Slide 16: Derisking the Project One Step at a Time
DERISKING THE PROJECT One Step at a Time Purchasing state and private land to provide operational buffer Low-impact exploration activities (light, noise, etc.) Looking for regional water supply that does not compete with or impact the community Began meteorological and geochemistry studies earl
Slide 17: Permitting Milestones
PERMITING MILESTONES Currently operating under a BLM Notice of Intent which allows for up to 5 acres of disturbance Working closely with the BLM to obtain authorization for a submitted Exploration Plan of Operations (EXPO) BLM deemed EXPO complete upon initial submittal in March, 2026 Process Memora
Slide 18: Sugarloaf Peak
SUGARLOAF Peak Historic rresou esourrce ce of of 1.5Moz at a grade of 0.5g/t Oxide gold recoveries of up to 95% Historic resource of 1.5Moz at a grade of 0.5g/t; estimated to only 70 m depth Sulphide recoveries of up to 85% AMC drilling encountered sulphide gold below 500 m depth Recoveries and r
Slide 19: Sugarloaf Peak: Successful 2025 Drill Program
SUGARLOAF Peak Suc S uccessful cessful 2025 Drill program Anomalous gold in surface rock samples over 3.2 x 6 km Generous stepouts of mineralization achieved in 2025 AMC drilling Intersected mineralization in 22 of 25 holes Anomalous gold in drill holes over 1 x 2 km Deposit is open alon
Slide 20: Arizona Metals Looking Ahead
ARIZONA METALS Looking Ahead Exploration Plan of Operations expected Q1 2027 or earlier, allowing access to property-wide prospective targets PEA completed and announced April 30, 2026; supporting NI 43-101 technical report to be filed on SEDAR+ within 45 days of the announcement. Ongoing meta
Slide 21: MRE Notes
MRE NOTES: 1 The effective date of the Kay Mine Project Mineral Resource Estimate (MRE) is June 17, 2025. This is the close-out date for the final mineral resource drilling database. 8 Grades for Au, Ag, Cu, Pb and Zn are estimated for each mineralization domain using 1.50 m capped composites a
Slide 22: Thank You!
Thank You! CONTACT: MORGAN KNOWLES Vice President, Investor Relations 647.202.3904 TSX: AMC mknowles@arizonametalscorp.com OTCQX: AZMCF arizonametals.com
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