Euro Sun Mining Inc. · TSX:ESM
Euro Sun Mining — Investor Presentation (April 2026)
27 slides from Euro Sun Mining's investor presentation, April 2026
Slide 1: Responsible development of strategic metals within the European Union
Responsible development of strategic metals within the European Union Euro Sun Mining Corporate Presentation April 2026 Euro Sun Mining | Corporate presentation |
Slide 2: Cautionary Notes
Cautionary Notes CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS Statements and certain information contained in this presentation and any documents incorporated by reference may constitute “forward-looking statements” within the meaning of applicable Canadian securities legislation which may i
Slide 3: Euro Sun Mining: A strategic investment opportunity
Euro Sun Mining Unlocking value through the responsible development of one of the largest copper-gold projects in the European Union Strategic ESG Investment Leadership Asset Commitment Metrics Executive team and Board Euro Sun’s 100%-owned Clear Environmental, Social Access to the EU’s next copper-
Slide 4: Proven track record of leadership
Strategic ESG Investment Leadership Asset Commitment Metrics Proven track record of leadership The right combination of global experience and governance Executive team Independent directors Global mining experience Carlo LiVolsi Grant Sboros, CA Independent Director, CEO & Director Chairman of the B
Slide 5: Europe's Critical Raw Materials Act (CRMA)
Leadership ESG Investment Strategic Asset Commitment Metrics Europe’s Critical Raw Materials Act (CRMA) Romania working to align Adopted in early 2024, the CRMA has been passed to ensure EU access to a secure and sustainable supply of critical raw materials, enabling Europe to meet its 2030 climate
Slide 6: Supplying critical metals within the European Union
Leadership ESG Investment Strategic asset Commitment Metrics Supplying critical metals within the European Union Critically important metals from a trusted source and mined in a trusted and responsible manner The market The product Europe consumed 16% of the global copper Euro Sun will produce a cle
Slide 7: Romania
Leadership ESG Investment Strategic Asset Commitment Metrics Romania A stable democracy in the European Union Long-standing mining jurisdiction which values economic development from mining activities Excellent established infrastructure Mining Law provides general principles of transparency and str
Slide 8: Rovina Valley Project sustainable and scalable operation for ~17 years
Rovina Valley Project will be a sustainable and scalable operation for ~17 years (Phase 1) with strong cash flows within the European Union Highlights • 10 Moz AuEq M&I • Low strip ratio • 107koz Au & 14Mlbs Cu annual production (1st 10yrs) Euro Sun Mining | Corporate presentation | • Base case: US$
Slide 9: Rovina Valley Copper-Gold project
Leadership ESG Investment Strategic Asset Commitment Metrics Rovina Valley Copper-Gold project DFS outlines one of the most robust copper-gold mines in the EU Project highlights Project economics 10 Moz AuEq M&I (7.1Moz Au & 1,410Mlb Cu M&I) LOM AISC US$1,206.3/oz AuEq Yearly production (Year 1-10)
Slide 10: Clear ESG commitments aligned to the United Nations Sustainable Development Goals
Leadership Strategic Investment Asset ESG Commitment Metrics Clear ESG commitments aligned to the United Nations Sustainable Development Goals Social Economic Responsible Inclusion Development Operations • Local community buy-in and at • Potential for 30-35 (including • Low strip ratio all administr
Slide 11: Low-impact mining
Leadership Strategic Investment Asset ESG Commitment Metrics Low-impact mining Minimizing our environmental impact through responsible mining practices Processing Infrastructure Reclamation Low risk Simple column flotation Conveying system for Concurrent reclamation Social license to operate waste o
Slide 12: Investment Metrics
Investment Metrics Metrics • P/NPV 0.06x • US$10/ Resource AuEq oz • US$35/ Reserve AuEq oz • >US$1,469.5M Post Tax NPV Euro Sun Mining | Corporate presentation | • 35.6 % Post Tax IRR
Slide 13: ESM facts & figures (updated financials)
Leadership Strategic ESG Asset Commitment Investment Metrics ESM facts & figures (updated financials) US$1,470M 35.6% ~17 years Post-tax NPV* (Pre-Tax NPV - US$1,776m) IRR Post Tax* (Pre-tax – 39,7%) LOM US$6.5bn US$1,206 /oz AuEq 2028 Gross revenue* AISC First production 2nd 14th Zero wet tailings
Slide 14: Key value catalysts
Leadership Strategic ESG Asset Commitment Investment Metrics Key value catalysts Clear pathway to unlocking value Significant Next steps: Unlocking Production: Low-impact achievements to date value & future construction mining & steady cash flows ✓ 7Moz Au and 1.4Blbs Cu M&I Land re-zoning or PUZ pe
Slide 15: Key value catalysts: re-rating opportunity in line with peers
Leadership Strategic ESG Asset Commitment Investment Metrics Key value catalysts Opportunity for re-rating in line with industry peers Indicative Value Based on Reserves Indicative Value Based on Resource 22.7x $42m 10.3x $123m Median Peer Group Implied Median Peer Group Implied Multiple Enterprise
Slide 16: Appendix
Appendix Highlights • Low-impact mining • Low strip ratio • No wet tailings and Zero cyanide • Highly leveraged to copper & gold price Euro Sun Mining | Corporate presentation |
Slide 17: Low-impact mining
Low-impact mining Sustainable production with concurrent reclamation First Phase (second stage Ciresata U/G) Sustainable production Year 1 Year 18 Colnic production Rovina production Waste is placed in Waste from Rovina is dry stack facility placed within disused Colnic Pit Concurrent reclamation Ye
Slide 18: Low-impact mining (continued)
Low-impact mining (continued) Existing infrastructure minimises our footprint Project located in Romania, Hydro electric Dam ROVINA DEPOSIT a member of the European Union Cu-Au Porphyry Modern infrastructure 110 kva Power Lines M&I: 1 Moz of G old 597 M lbs of Copper including rail and low-cost powe
Slide 19: DFS process flowsheet
DFS process flowsheet Environmentally friendly processing Low strip open pit mining close to the processing plant Produces a clean of minimum 22% copper concentrate containing high grade gold (100g/t) Co-mingling of waste rock and tailings in dry stacking eliminates the need for wet tailings storage
Slide 20: Definitive Feasibility Study results (updated financials)
Definitive Feasibility Study results (updated financials) Base case assumptions Life of mine First 10 years Gold price (base case) US$3,300/oz US$3,300 /oz Copper price (base case) US$4.5/lb US$4.5 /lb Gold recovery 79.7% 79.9% Copper recovery 91.3% 88.7% Mine life 17.2 years 10.0 years Mining rate
Slide 21: Definitive Feasibility Study results (updated financials)
Definitive Feasibility Study results (updated financials) Capital costs Life of mine Pre-strip capital US$19.3 million Initial capital US$607.1 million Total initial capital US$607.1million Sustaining capital US$84.5million Total CAPEX US$691.6 million Operating costs All-in sustaining costs US$824/
Slide 22: DFS sensitivity
DFS sensitivity Post-tax: NPV sensitivity* NPV (US$ million) - 20% - 10% 0% 10% 20% Gold price 965 1,217 1,469 1,722 1,974 Copper price 1,311 1,390 1,469 1,549 1,628 CAPEX 1,583 1,526 1,469 1,412 1,355 OPEX 1,724 1,597 1,469 1,342 1,214 Discount rate 1,633 1,549 1,469 1,395 1,324 Treatment costs and
Slide 23: DFS sensitivity
DFS sensitivity IRR Sensitivity IRR (%) - 20% - 10% 0% 10% 20% Gold price 26.2 31.0 35.6 40.2 44.6 Copper price 34.0 34.8 35.6 36.4 37.2 CAPEX 44.0 39.4 35.6 32.4 29.7 OPEX 39.5 37.6 35.6 33.7 31.6 TC/RC 35.7 35.7 35.6 35.6 35.5 Transport 35.7 35.7 35.6 35.6 35.6 Diesel 36.9 36.3 35.6 35.0 34.3 Elec
Slide 24: Colnic & Rovina Resources - January 31, 2022
Colnic & Rovina Resources - January 31, 2022 Tonnage Au Cu Au Cu AuEq* AuEq* Deposit Classification (Mt) (g/t) (%) (Moz) (Mlb) (g/t) (Moz) Measured 29.2 0.65 0.12 0.61 74 0.81 0.76 Colnic Indicated 103.6 0.48 0.10 1.61 224 0.62 2.07 Measured 33.2 0.36 0.29 0.38 213 0.77 0.82 Rovina Indicated 79.1 0.
Slide 25: Ciresata Resources – second phase of development U/G
Ciresata Resources – second phase of development U/G Tonnage Au Cu Au Cu Au Eq* Au Eq* Deposit Classification (Mt) (g/t) (%) (Moz) (Mlb) (g/t) (Moz) Measured 28.5 0.88 0.16 0.81 102 1.13 1.03 Ciresata Indicated 125.9 0.74 0.15 3.01 413 0.97 3.92 Measured & Total 154.4 0.77 0.15 3.82 515 1.00 4.95 In
Slide 26: Capital structure
Capital structure Shares outstanding 442,324,633 Market capitalisation (05/24) ~C$126.1 million 52-week high 52-week low C$0.42 C$0.08 Liquidity ~709,000 daily for past three months Warrants outstanding 103M (strike average C$0.17) Euro Sun Mining | Corporate presentation | 26
Slide 27: Thank you
Thank you TSX: ESM Corporate Headquarters 289 Courtland Avenue, Vaughan, Ontario, L4K4W9, Canada Investor Inquiries: info@eurosunmining.com Euro Sun Mining | Corporate presentation |