Pan Global Resources Inc. · TSXV:PGZ
Pan Global Resources — Investor Presentation (August 2026)
37 slides from Pan Global Resources's investor presentation, August 2026
Slide 1: Copper & Gold Exploration and Discoveries in Spain
Copper & Gold Exploration and Discoveries in Spain Copper, Gold, Silver, Critical Metals Investor Presentation August 2026 TSXV: PGZ | OTCQB: PGZFF | FRA: 2EU www.panglobalresources.com
Slide 2: Cautionary Statement & Technical Information
CAUTIONARY STATEMENT & TECHNICAL INFORMATION Forward Looking Statement Estimates of Mineral Resources. This Presentation contains "forward-looking statements". These forward-looking The terms “Mineral Resource”, “Measured Mineral Resource”, “Indicated Mineral statements are made as of the date of th
Slide 3: Global Surging Demand & Constrained Supply
GLOBAL SURGING DEMAND & CONSTRAINED SUPPLY Global copper demand by sector (2025-2040) Million metric tons copper (MMt Cu) New mines cannot be brought online quickly Declining copper ore grades decreased 44% since 2000 in South America Long lead time from discovery to production (average of 17 years)
Slide 4: Copper Growing Supply Gap
COPPER GROWING SUPPLY GAP 1 Mt of new demand per year to 2035, doubling the 0.5 Mt/yr of the past 15 years Source: BHP Group Limited, September 2024 ▪ 3.1% CAGR over the last 75 years ▪ 1.9% CAGR over the 15 years to 2021 ▪ 2.6% CAGR forecast to 2035 Note: * Direct-use scrap – scrap gap emerging bas
Slide 5: Higher Copper Price: Industry Cannot Move Fast Enough
HIGHER COPPER PRICE: INDUSTRY CANNOT MOVE FAST ENOUGH “Copper is one disruption away from $20,000 per tonne” Andy Denman – The Mining Podcast Disruption could shift prices sharply higher Long-term consensus: $12,000 to $15,000/t Copper all-time high Jan-2026: $14,527.50/t (~$6.60/lb) TSXV: PGZ | OTC
Slide 6: Board of Directors – Quality, Experience, Track Record
BOARD OF DIRECTORS – QUALITY, EXPERIENCE, TRACK RECORD Patrick Evans – Chairman: Company Maker, M&A Roger Davey – Director: Mining & Finance ▪ 40+ years senior mining leadership and M&A experience ▪ 40+ years operational and management experience in mining in Europe, ▪ Led more than a dozen mining c
Slide 7: Leadership Team: Professional, Depth, and at All Stages
LEADERSHIP TEAM: PROFESSIONAL, DEPTH, AND AT ALL STAGES TIM MOODY – President, CEO and Director JASON MERCIER – Vice President, Investor Relations ▪ 35+ years in mineral exploration, resource assessment, business development and ▪ 25+ years investor relations and communications experience in the min
Slide 8: Pan Global Resources – A Compelling Investment Case
PAN GLOBAL RESOURCES – A COMPELLING INVESTMENT CASE LARGE SCALE MULTI DISCOVERY PROJECTS Cármenes Proven Board & Strategic Investor New Gold Mining district Management Funding Discovery Cu Ni Co Au Multi-billion-dollar M&A and Financial backing & validation, mine discovery track record Drill program
Slide 9: Pan Global Exploration Plan
PAN GLOBAL EXPLORATION PLAN Focus on adding new discoveries 60+ Holes 20,000 m Multi-target drill program: 60+ drillholes (20,000 m) ESCACENA PROJECT CÁRMENES PROJECT 1 La Romana resource expansion, 1 Advance gold and multi-metal optimisation & economic targets in Northern Spain studies 2 Drill test
Slide 10: Escacena Project - Iberian Pyrite Belt
ESCACENA PROJECT - IBERIAN PYRITE BELT 2nd Largest copper producing area in Europe Infrastructure is a significant cost advantage PORTUGAL Aguas Teñidas SPAIN Lomero Poyatos Sandfire Magdalena Denarius Sandfire Matsa Surrounded by large mines & mine operators Riotinto Atalaya, Sandfire, Grupo México
Slide 11: Escacena Project – Mt Objective from Multiple Deposits
ESCACENA PROJECT – 100 MT OBJECTIVE FROM MULTIPLE DEPOSITS Reported resources vs contained Cu metal Based on most recently published data available* La Romana maiden Resource 180 Mt 1,200 kt x 1000 High confidence 90% Measured & Indicated 165 Mt 1,100 kt Measured La Romana MRE 150 Mt resources M+I 3
Slide 12: La Romana Mineral Resource – Open Pit Copper-Tin-Silver
LA ROMANA MINERAL RESOURCE – OPEN PIT COPPER-TIN-SILVER Resource Upside: ▪ Remains open for expansion 352 Mlb / 156 kt CuEq ▪ Open pit offers significant leverage to higher metal prices Confirms large copper system (open) ▪ At a lower cutoff grade (0.15%) typical for Spanish open pit mines indicates
Slide 13: La Romana grades are similar or better than open-pit mines in Spain
La Romana grades are similar or better than open-pit mines in Spain Typical open-pit grades 0.3-0.5% Cu, cut-off 0.15-0.20% Cu Open-pit Copper Mines / Developments In Spain MRE grade 0.37% Cu (0.44% CuEq), La Romana In-Pit grade 0.39% Cu (0.50% CuEq) at 0.20% cut-off (Pan Global) Cerro Colorado mine
Slide 14: La Romana: Iberian Pyrite Belt Deposit Depth Comparison
LA ROMANA: IBERIAN PYRITE BELT DEPOSIT DEPTH COMPARISON PGZ MATSA (Sandfire) Boliden Cerrado First Atalaya Atalaya Depth La Romana Quantum Gold Depth 0m 0m Sotiel Top of Gossan Cerro Colorado -150m base of pit 400m La Romana: Base of pit -250m? Mines Lagoa Salgada 120-400m below surface Copper From
Slide 15: La Romana – Best-in-Region Copper Metallurgy
LA ROMANA – BEST-IN-REGION COPPER METALLURGY Metallurgical Cu recovery vs Cu concentrate grade Metallurgy tests set La Romana apart Based on most recently published data available* La Romana Pan Global 88% 32.5% Premium Quality Clean Concentrate Cu Recovery (up to) Peak Concentrate Grade – Valuable
Slide 16: La Romana Superior Concentrates, Value & ESG Benefits
LA ROMANA SUPERIOR CONCENTRATES, VALUE & ESG BENEFITS SPAIN Copper Concentrate Grade Trucks to deliver Huelva (Local) 1000-tonnes of Cu Mine (Owner – Mine/Project) Recovery (%) (Cu %) Smelter / Port in concentrates 0 20 40 60 80 0 10 20 30 Atalaya – Touro Project 132 up to 40% fewer trucks Lowest tr
Slide 17: Escacena Project: Cañada Honda: Large Copper/Gold Target
ESCACENA PROJECT: CAÑADA HONDA: LARGE COPPER/GOLD TARGET Drill results: A Cañda Honda Target long section A’ CHD12 : 17m @ 1.6g/t Au, incl. 11m @ 2.4g/t Au CAÑADA HONDA: Untested Geophysics and Cu-Au Drill CHD08 : 14m @ 0.8% Cu, 0.4g/t Au, 4g/t Ag, incl. Resistivity Low Intercepts coincident 6.8m @
Slide 18: Cañada Honda & El Pozo – Drilling in Progress
CAÑADA HONDA & EL POZO – DRILLING IN PROGRESS Large gravity targets and new SQUID IP and AMT highlight new Soil gold geochemistry defines priority target across the Cañada drill targets Honda and El Pozo corridor TSXV: PGZ | OTCQB: PGZFF | FRA: 2EU 18
Slide 19: Escacena Triples in Size – Area Dominated by Operators
ESCACENA TRIPLES IN SIZE – AREA DOMINATED BY OPERATORS Key strategic land position surrounded by large mine “Escacena Project” 16,754 ha operators Cañada Honda Aznalcóllar Los Frailes La Romana Resource Capital Funds TSXV: PGZ | OTCQB: PGZFF | FRA: 2EU 19
Slide 20: Escacena Project – Multiple Untested Targets
ESCACENA PROJECT – MULTIPLE UNTESTED TARGETS 15+ 16,754 ha UNTESTED GRAVITY TARGETS BUILDING TO 100Mt TARGET DISCOVERY La Romana Cu-Sn-Ag discovery coincident with a gravity target SCALE Numerous large untested gravity targets similar to La Romana highlight potential to add mineral resources GEOLOGY
Slide 21: Escacena South – Trinidad & Carmen Targets
ESCACENA SOUTH – TRINIDAD & CARMEN TARGETS Multiple drillholes planned at the Trinidad and Carmen targets Gravity Anomaly Map Airborne Magnetics Trinidad & Carmen Cortijo Target La Romana Mine Workings Mine Workings La Romana Trend TSXV: PGZ | OTCQB: PGZFF | FRA: 2EU 21
Slide 22: Escacena South – Trinidad & Cármen Targets
ESCACENA SOUTH – TRINIDAD & CÁRMEN TARGETS Historical Mine Workings*, High Rock + Soil Geochemistry and Gravity Anomaly High-grade polymetallic massive sulphide Soil Copper 5.9% Cu, 2.9% Zn, 1.3% Pb, 0.21% Sn, 120 g/t Ag Portable XRF analysis of fines, June 2026 * Results are historical in nature an
Slide 23: Escacena Project: Upsizing from a Solid Foundation
ESCACENA PROJECT: UPSIZING FROM A SOLID FOUNDATION December 2025 Maiden NI 43-101 Mineral Resource ▪ 20,000-m drilling planned across Escacena and Cármenes Projects ▪ Expand and add to resource base near-term ▪ Potential fast-track development opportunities La Romana Up To 27 Month Discovery La Roma
Slide 24: Cármenes Project: High Grade Gold, Copper, Nickel +
CÁRMENES PROJECT: HIGH GRADE GOLD, COPPER, NICKEL + Providencia Target – First Target ▪ Historical mining area – Cu, Co, Ni ▪ Underground channel shows high-grade Cu-Ni-Co sulfide remains open ▪ New gold discovery in soils over >5,600 Ha 300m x 150m breccia 55km Trench and channel sampling identifie
Slide 25: Providencia Target: First Drillholes Confirm Gold Discovery
PROVIDENCIA TARGET: FIRST DRILLHOLES CONFIRM GOLD DISCOVERY 46m @ 1.08 g/t Au - Drillhole PVD02 34m @ 3.01 g/t Au - Drillhole PVD06 37m @ 3.11 g/t Au - Gallery 1 Channel sample 20m @ 1.74 g/t Au - Surface trench 5m @ 20.18 g/t Au – Surface channel TSXV: PGZ | OTCQB: PGZFF | FRA: 2EU 25
Slide 26: Profunda Target: High-Grade Copper-Cobalt-Nickel Breccia
PROFUNDA TARGET: HIGH-GRADE COPPER-COBALT-NICKEL BRECCIA High-Grade Discovery, 1km South of Providencia Wide-spaced soil copper anomaly outlines a Underground channel sampling confirms continuous 500m x 150m target beyond the historical high-grade mineralization in the mine walls workings Breccia mi
Slide 27: Pan Global Comparable: Significant Re-Rating Potential
PAN GLOBAL COMPARABLE : SIGNIFICANT RE-RATING POTENTIAL MARKET CAP CAD $54 M CAD $74 M CAD $96 M CAD $110 M CAD $120 M COMPANY DEPOSIT Sombrero La Romana La Romanera Murray Brook B26 LOCATION Peru Spain Spain Canada Canada TOTAL CU RESOURCE (MT) & CuEq % 0 36.4 | 0.44 21.5 | 3.01 23.2 | 1.42 15.1 |
Slide 28: Pan Global – Supportive Global Shareholder Base
PAN GLOBAL – SUPPORTIVE GLOBAL SHAREHOLDER BASE COMPANY STATISTICS (as of July 31, 2026) Shares Outstanding 409.26M Warrants* 28.35M Options/RSUs/DSUs 29.29M Shares Fully Diluted 466.9M Market Cap @ $0.17 (CAD$M) $69.6M 52-Week Trading Range (CAD$) $0.10 – 0.25 90 Day Average Daily Volume 353,124 Ca
Slide 29: Appendix & References
APPENDIX & REFERENCES TSXV: PGZ | OTCQB: PGZFF | FRA: 2EU
Slide 30: Scaling Discoveries: Building value in the Iberian Pyrite Belt
SCALING DISCOVERIES PanGlobalResources PanGlobalResources Building value in the Iberian Pyrite Belt PanGlobalResources PanGlobalResources Suite 700 – 838 West Hastings Street Vancouver BC, V6C 0A6, Canada PanGlobalSpain PanGlobalSpain T: +1-236-886-9518 E: investors@panglobalresources.com Pan Global
Slide 31: Escacena South: Historical At-Surface Workings Over 1km
ESCACENA SOUTH: HISTORICAL AT-SURFACE WORKINGS OVER 1KM Escacena South borders La Romana copper-tin-silver deposit ~1km surface length characterized by multiple mine workings, surface copper indications, gossan, massive sulfides on mine dumps at Carmen target (center) TSXV: PGZ | OTCQB: PGZFF | FRA:
Slide 32: Our Values: A Sustainable Company
OUR VALUES: A SUSTAINABLE COMPANY ESG INITIATIVES A member of the United Environment Social Governance Nations Global Compact since Oct 2022; the only exploration ▪ Energy efficiency ▪ Stakeholders ▪ Transparency company in Spain so committed ▪ Water use ▪ Community relations ▪ Ethical behaviour ▪ L
Slide 33: La Romana: Mineral Resource Remains Open for Expansion
LA ROMANA: MINERAL RESOURCE REMAINS OPEN FOR EXPANSION Plan View In-pit Resource (stand-alone basis) Pit Outline Total Resources ▪ Open several directions >0.2 % Cu cut-off ▪ Highly favorable grade distribution and geometry In-Pit Outside-Pit ▪ Low strip 2.8:1 ▪ Potential to grow Pit Dimensions Cu %
Slide 34: Copper Included in the European Critical Raw Materials Act
COPPER INCLUDED IN THE EUROPEAN CRITICAL RAW MATERIALS ACT European Critical Raw Materials Act – March 2024 A European Union regulation establishes a framework to ensure a secure and sustainable supply of critical raw materials for EU members Potentially beneficial actions under the Critical Raw Mat
Slide 35: References: Notes to Escacena Project Mineral Resources
REFERENCES: NOTES TO ESCACENA PROJECT MINERAL RESOURCES CuEq: Copper equivalent; g/t: Grams per tonne; kt: Thousand tonnes; ppm: Parts Per Million; Mt: Million tonnes; Moz: Million ounces; koz: Thousand ounces Estimation Methodology: The MREs for La Romana and Cañada Honda were prepared by Orelogy C
Slide 36: References: Notes to Escacena Project Mineral Resources
REFERENCES: NOTES TO ESCACENA PROJECT MINERAL RESOURCES Atalaya Mining plc 2022-09-16 – “Technical Report on the Riotinto Copper Project” Submitted date: 2022-10-05 Source: SEDAR 2023-03-27 – “Preliminary Economic Assessment. Proyecto Riotinto, Huevla Province, Spain” Effective date: October 31, 202
Slide 37: References: Copper Company Comparison
REFERENCES: COPPER COMPANY COMPARISON Pan Global Resources Inc. 2025-12-31 – "Pan Global Announces Maiden Mineral Resource Estimates for the Escacena Project in the Iberian Pyrite Belt, Spain" Effective date: December 31, 2025. Filing date: February 12, 2026. Source: SEDAR+ https://cdn.prod.website-
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