Wallbridge Mining Co. Ltd. · TSX:WM
Wallbridge Mining — Investor Presentation (October 2025)
23 slides from Wallbridge Mining's investor presentation, Oct 9, 2025
Slide 1: Growing Gold Resources in Quebec's Abitibi
GROWING GOLD RESOURCES IN QUEBEC’S ABITIBI Corporate Update October 9, 2025 TSX: WM | OTCQB: WLBMF TSX: WM OTCQB: WLBMF wallbridgemining.com
Slide 2: Cautionary Note Regarding Forward-Looking Information
Cautionary Note Regarding Forward-Looking Information This presentation contains forward-looking statements or information (collectively, “FLI”) within the meaning of applicable Canadian securities legislation. FLI is based on expectations, estimates, projections, and interpretations as at the date
Slide 3: QP Statement and Non-IFRS Financial Measures
QP - Statement All scientific and technical data related to the 2025 PEA contained in this document has been reviewed and approved by Mr. Marc R. Beauvais, P.Eng, of InnovExplo, who was responsible for compiling the PEA technical report. By virtue of his education, membership in a recognized profess
Slide 4: The Abitibi Greenstone Belt
THE ABITIBI GREENSTONE BELT Comparing Northern and Southern Abitibi Abitibi Martiniere Gold Project Gold Deposits Towns 346 Koz Indicated Fenelon Gold Project Interpreted Structures 387 Koz Inferred 1.75 Moz Indicated Northern and Claim Outlines Wallbridge Mining Detour Lake Mine 1.65 Moz Inferred C
Slide 5: District Scale – Detour-Fenelon Gold Trend
DISTRICT SCALE – DETOUR-FENELON GOLD TREND Multi-Million Ounce Gold Resources AEM: 2024 Production 671,950 oz gold MULTI-MILLION OUNCE DEPOSIT MARTINIERE GOLD Wallbridge 2025 Mineral Resource Estimate GROWTH POTENTIAL 346 Koz Indicated 387 Koz Inferred FENELON GOLD 2 SIGNIFICANT GOLD DEPOSITS Wallbr
Slide 6: Supportive Shareholders
SUPPORTIVE SHAREHOLDERS SHARE STRUCTURE – AS OF JUNE 30, 2025 SHAREHOLDER DISTRIBUTION 52-Week Trading Range $0.045—$0.14 0.7% 9.9% Agnico Eagle 15.0% Shares Outstanding – Basic 1,099.8M Eric Sprott William Day 69.0% Construction Shares Outstanding - Fully-diluted** 1,152.2M 5.4% Retail & Other Mana
Slide 7: Martiniere Gold Project
MARTINIERE GOLD PROJECT 2025 EXPLORATION FOCUS 16,750m YTD exploration drilling • Strike and down-plunge extensions to Dragonfly, Horsefly and Martiniere North • Focused on defining broader geologic extensions to Martiniere gold system 2025 OUTCOMES/PLANS Phase 1: Drilling Completed May 14 • 16 hol
Slide 8: TSX: WM | OTCQB: WLBMF
Sa" Bug Lake South Pian View Geology Level MR-24-070, aK tong seton Tage MR-24-1018 En Horsefly , 4 mR-24-100 * ra MR-26-107, MR-24-108 2s 20 SS etre No Vertical Exaggeraton Martiniere Gold Project MR-25-129B Cross-section Section Width 75m Vertical Section Looking 290° 2025 Martiniere Mineral Resou
Slide 9: TSX: WM | OTCQB: WLBMF
wk Overburden R25-113, Bug Lake North i e a’ MR28-123 of 1630 g/¢ sm ot 10.60¢/t Zam saze/ osm. [° esag/t “rom fas, pers 17.08 g/t am MR-25-1308, 3, a MR-25-2348, Ne an-25-135 Dragonfly R25-139 a 2. 2025 Martiniere Phase 1& 2 News Release Highlight Composites Martiniere 2025 m >10.0¢/t Au ‘Open Pit
Slide 10: Fenelon Gold Project Preliminary Economic Assessment Results
FENELON GOLD PROJECT Preliminary Economic Assessment Results March 27, 2025 TSX: WM | OTCQB: WLBMF TSX: WM OTCQB: WLBMF wallbridgemining.com
Slide 11: PEA Highlights – 16 Year Life of Mine
PEA HIGHLIGHTS – 16 YEAR LIFE OF MINE All results reported in Canadian dollars unless otherwise indicated, assumed gold price of US$2,200/oz gold price. ANNUAL ANNUAL FREE PRODUCTION CASH FLOW INITIAL CAPITAL SUSTAINING CAPITAL3 107,000 $120 $579 $449 Ounces Million Million Million AFTER-TAX AFTER-
Slide 12: PEA Sensitivity Analysis
PEA SENSITIVITY ANALYSIS Double digit IRR across gold price scenarios Gold Price FX NPV ($M) IRR Payback (Years) Post-Tax NPV 5% Sensitivity 1800 (-18%) 1.35 353 13% 5.7 $1,400 1900 (-14%) 1.35 443 15% 5.0 $1,200 2000 (-9%) 1.35 532 17% 4.6 $1,000 2100 (-5%) 1.35 619 19% 4.3 $800 2200 1.35 706 21% 4
Slide 13: Fenelon PEA Approach
FENELON PEA APPROACH First principles approach, realistic costs First Principles: new project starting with a clean slate Stope Optimization: Iterative process to develop a large UG operation according to MRE, rock mechanics and projected stope productivity Trade-Off Studies: material handling, tai
Slide 14: Fenelon PEA – Project Phases
FENELON PEA - PROJECT PHASES 2 years pre-production, 16 years production PHASE YEARS ACTIVITIES Infrastructure construction: ▪ Power line, camp expansion ▪ Mine site, mill plant, paste plant, tailing management site Pre-Production Pre-Production Year 1-2 ▪ Water treatment UG Development: ▪ Dewaterin
Slide 15: Fenelon PEA – Surface Infrastructure Powerline
FENELON PEA Surface infrastructure - Powerline Operations Mine Camp Site Site Camp Site Access Road TSX: WM | OTCQB: WLBMF 15
Slide 16: Fenelon PEA – Mine Site and Camp
FENELON PEA Surface infrastructure – Mine site and Camp TSX: WM | OTCQB: WLBMF 16
Slide 17: Metallurgy & Processing, a Simple Flowsheet
FENELON PEA Metallurgy & processing, a simple flowsheet METALLURGY Metallurgical Testing: ▪ Testing representative Tabasco- Cayenne & Area 51 material Gravity Gold Recoveries: ▪ up to 66.5% for Tabasco/Cayenne ▪ up to 84.1% for Area 51 Cyanidation and flotation testing Overall Gold Recovery: 96% PRO
Slide 18: Annual Production, Koz
FENELON PEA Average production of 107,000 oz annually (127,000 in first 5 years) Production Profile 150 4.50 Annual Ounces produced Grade 4.14 4.00 3.93 125 3.54 3.59 3.48 3.50 3.36 3.32 3.36 3.39 3.31 100 3.06 3.04 3.00 Annual production, Koz 2.98 2.91 2.67 2.59 2.50 Grade 75 141 139 134 2.00 121 1
Slide 19: Strong Free Cash Flow Generation Over 16-Year Mine Life
FENELON PEA Strong free cash flow generation over 16-year mine life Average annual after-tax cash flow of $120 million Base case of US$2,200/oz gold price Annual After Tax Cashflow ($Million) 206 143 148 149 128 129 130 115 119 118 107 104 101 90 63 66 -2 -1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 -1
Slide 20: Capital Allocation
FENELON PEA Capital allocation INITIAL CAPITAL EXPENDITURES SUSTAINING CAPITAL EXPENDITURES Cost Element Initial Capital ($M)1,2 Cost Element Sustaining Capital ($M)1,2 Mill 217 Mining Equipment 145 Paste Plant 43 Development 161 Tailings and Water Treatment 22 Tailings & Water Treatment 64 Capitali
Slide 21: A Platform for Growth in the Abitibi
Fenelon: Long-term Platform for Growth Positive PEA Published March 2025, 16 Year Mine Life WALLBRIDGE Martiniere: Near-term Growth Potential Systematically expanding mineralized gold footprint A Platform for Growth in the Abitibi Strong Technical Team Diverse team with broad range of industry knowl
Slide 22: Upcoming Events
Xplor 2025, Montreal October 27 - 30 121 London November 17 - 18 UPCOMING Swiss Mining Institute, Zurich EVENTS November 20 - 21 Mining Virtual Investor Conference December 3 - 4 Virtual Marketing: November/December TSX: WM | OTCQB: WLBMF 22
Slide 23: Thank You
TSX: WM OTCQX: WLBMF THANK YOU Brian Penny, CEO @WallbridgeMining E: bpenny@wallbridgemining.com @WallbridgeWM Tania Barreto, Director, Investor Relations E: tbarreto@wallbridgemining.com wallbridgemining.com 23
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