Waraba Gold Limited · CSE:WBGD
Waraba Gold — Investor Presentation (September 2026)
28 slides from Waraba Gold's investor presentation, Sep 18, 2026
Slide 1: Waraba Gold Corporate Presentation
WARABA GOLD SEPTEMBER 2026 TRANSFORMING UNDEREXPLORED OPPORTUNITY Building the next generation of gold discoveries in West Africa CORPORATE PRESENTATION CANADA & WEST AFRICA
Slide 2: Our Vision
Our Vision Local Insight. To build a leading portfolio of high-value gold assets in West Africa, transforming underexplored Global Discipline. opportunities into the next generation of gold discoveries. Discovery-Led Value. 1
Slide 3: Our Mission
Our Mission To transform underexplored gold opportunities into high-value assets through experienced leadership, disciplined exploration and responsible development that creates long-term value for shareholders, communities and host countries. 2
Slide 4: Transforming Underexplored Opportunity into the Next Generation of Gold Discoveries
TRANSFORMING UNDEREXPLORED OPPORTUNITY INTO THE NEXT GENERATION OF GOLD DISCOVERIES Waraba Gold is building a differentiated gold discovery With district-scale land positions, near-term exploration company focused on identifying and advancing high-value catalysts and a long-term portfolio vision, Wa
Slide 5: Disciplined Discovery & Portfolio Value Creation
DISCIPLINED DISCOVERY & PORTFOLIO VALUE CREATION Waraba Gold is building a portfolio of high-value gold assets through disciplined exploration, prudent financial management and a systematic approach to advancing opportunities and creating long-term value. The company combines technical rigor with di
Slide 6: Investment Summary
INVESTMENT 5 SUMMARY Highlights Prime Jurisdiction Cote d’Ivoire: 30% of West Africa’s Birimian belt but only 15% of its gold production The “Golden Neighbours” Surrounded by world class mines: Tongon (4.9Moz), Syama (6.1Moz) and Sissingue (1.4Moz) Proven Track Record Chief geologist ex Randgold wit
Slide 7: Near-Term Milestones & Value-Driving Progress
NEAR-TERM MILESTONES & VALUE-DRIVING PROGRESS Waraba Gold is advancing a disciplined exploration strategy designed to deliver near-term milestones that support project advancement, generate value-driving news flow and position the company for long-term growth. Defined exploration programs and upcomi
Slide 8: Capital Structure
CAPITAL STRUCTURE CSE:WBGD CAD $0.35 $19,524,500 Current Share Price Market Cap 52-week High / Low $0.01 low $0.35 $1.25 high 55,784,378 18,666,666 74,451,044 WBGD WARAF ZE00 Issued & Outstanding Reserved for Issuance Fully Diluted CSE OTC FSE 7 As of September 18th, 2026
Slide 9: Comparables
COMPARABLES 8 Emerging Juniors: <400 $M USD MKT The Dominant Producers. +1$ Billion Cap (Growth & Discovery) USD MKT cap ($M USD) ($M USD) Asara Resources 186 Endeavour Mining 15,048 Aurum Resources 161 7,220 B2Gold Corp Koulou Gold ~91* 6,235 Perseus Mining Awalé Resources 78 6,099 Montage Gold Sky
Slide 10: Proven Leadership
PROVEN 9 LEADERSHIP Waraba Gold is differentiated by experienced leadership, combining in-country geological expertise with international exploration and capital markets experience to advance opportunities through disciplined execution. This combination of local insight and global discipline support
Slide 11: Leadership
LEADERSHIP 10 MAMADOU COULIBALY CARL ESPREY Chief Executive Officer Executive Chairman Mamadou is a geologist and co-founder of Waraba Gold with over 21 years of Carl brings over 22 years of experience in mineral exploration, capital experience in mineral exploration across West Africa. He began his
Slide 12: Underexplored Opportunity
UNDEREXPLORED 11 OPPORTUNITY Waraba Gold provides investors with exposure to underexplored gold opportunities in West Africa, where proven geology, growing regional investment and limited historic exploration create compelling conditions for discovery and value creation. Waraba is focused on identif
Slide 13: Birimian Greenstone Belts
BIRIMIAN GREENSTONE BELTS | Côte d’Ivoire 12 Highlights World Class Greenstone Gold Belts • Host to multi million-ounce deposits across West Africa • Côte d’Ivoire hosts 30% of West African Birimian greenstone belts yet contributes less than 15% of gold production Underexplored Upside • Significant
Slide 14: Regional Activities & Potential
REGIONAL ACTIVITIES & POTENTIAL | Côte d’Ivoire 13 Highlights Allied Gold acquired by Zijin for C$ 5.5B (January 2026) Barrick sale of Tongon for US $305 million to Atlantic Group Montage Gold on-schedule for first gold pour in Q2 2027 Montage Gold enters a strategic partnerships with Aurum Resource
Slide 15: Geology
GEOLOGY | Ivory Coast Regional Geo 14 Tengrela Project NE & N-S structures correspond to splays from the Syama main mineralized corridor Corridors are supported by several orpaillage activities andconfirmed by magnetic geophysical surveys Interesting high contrast zones are highlighted along geologi
Slide 16: Sirasso Geology
SIRASSO | Geology 15 Highlights • Situated on the Senoufou Greenstone Belt, ~70 km south of Barrick’s Tongon 4.5 Moz Gold Mine. • Structural complex zone in the pressure shadow of a granodiorite. • A 11.5 km NNE-NE shear corridor target (Ouobolo) with confirmed gold mineralization. • Metasedimentary
Slide 17: Sirasso Project: Building on Past Exploration Success
SIRASSO | Project 16 Building on past exploration Success Initial field reconnaissance and mapping indicate multiple structurally controlled target zones with artisanal activity nearby. Historical work done: • 5,754 soil samples at 1,000m x 200m grids • 488 pits, 2,196m • 22 RC holes @ 1,607m • 246
Slide 18: Sirasso Project: Prospective Corridors
SIRASSO | Project 17 Prospective Corridors • Targets hosted on regional structural corridors linking the Sanoufou and Boundiali greenstone belts • Southern targets in the pressure shadow of a syn-kinematic intrusion • Mineralization is hosted primarily within sheared quartz diorite units in contact
Slide 19: Sirasso Project: Next Steps
SIRASSO | Project 18 Next Steps High-priority targets to be tested through: • Regional soil and auger sampling • IP geophysics • Follow-up RC scout drilling in 2026 Confirm and extend high-grade zones along the Ouobolo corridor. Test strike and dip continuity of mineralized structures. Generate data
Slide 20: Sirasso 2027 Work Program
SIRASSO | Work Program 19 2027 Work Program Detailed mapping & lithology sampling to refine structural interpretation. Complete acquisition of small-scale mining areas Ground IP geophysics to constrain the Ouobolo corridor and improve drill targeting. Initial Drilling campaign: • 5,000m Aircore (AC)
Slide 21: Tengrela Neighbors
TENGRELA | Neighbors 20 Key Location High potential, mining friendly jurisdiction with a stable government and supportive infrastructure. Positioned along the Mahale–Sissengue shear zone in the Boundiali Greenstone Belt, a regional structure associated with multiple gold discoveries. Proximal to nea
Slide 22: Tengrela Fetiko Target 2026 Work Program
TENGRELA | Tengrela Fetiko Target 21 2026 Work Program Initial trenches were completed in May 2026 on the Fetiko and Meiko targets. 6.6 m @ 1.16 g/t intercepted at the Fetiko target. 15,000 meter auger drilling program initiated in June 2026. Meiko and Fetiko targets initially targeted, Iribasso tar
Slide 23: Tengrela 2027 Work Program
TENGRELA | Project 22 2027 Work Program Completion of 15,000 m auger drilling program High resolution UAV magnetic survey over the project area Lithostructural interpretation and targeting exercise. Proposed program will continue to test strike continuity of the Syama structure splays and identify t
Slide 24: Responsible Development & Sustainable Value
RESPONSIBLE DEVELOPMENT & SUSTAINABLE VALUE Waraba Gold believes responsible development is integral to building long-term value, and advances these opportunities through environmental stewardship, responsible partnerships and a commitment to shared benefit. Responsible development supports project
Slide 25: Disclaimer
DISCLAIMER Issued by Waraba Gold Ltd. (the “Company”) for information purposes only. This presentation is not for release or distribution where prohibited and does not contain all information required to make an informed investment decision. • Information and statements are current only as of the pr
Slide 26: Disclaimer: Statutory and Contractual Rights of Action
DISCLAIMER STATUTORY AND CONTRACTUAL RIGHTS OF ACTION Securities laws in certain Canadian provinces may provide purchasers with statutory or contractual rights of rescission or damages where an offering memorandum or an amendment contains a misrepresentation. These rights, applicable defendants, def
Slide 27: Building the next generation of gold discoveries in West Africa
Building the next generation of gold discoveries in West Africa Local Insight. Global Discipline. Discovery-Led Value. 26
Slide 28: Waraba Gold Contact Us
WARABA GOLD TRANSFORMING CSE: WBGD UNDEREXPLORED OPPORTUNITY CONTACT US Investor Relations investors@warabagold.com warabagold.com CANADA & WEST AFRICA