Hercules Metals Corp · TSXV:BIG
Hercules Metals — Investor Presentation (October 2026)
29 slides from Hercules Metals's investor presentation, Oct 2, 2026
Slide 1: Advancing America’s Newest Copper Porphyry District
Advancing America’s Newest Copper Porphyry District OCTOBER TSX-V: BIG | OTCQB: BADEF 2026
Slide 2: Forward-Looking Information Cautionary Statements
Forward-Looking Information Cautionary Statements This presentation contains certain information that may be deemed "forward-looking information" with respect to Qualified Person: Under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), Dillon Hercules Metals Co
Slide 3: Advancing America’s Newest Copper Porphyry District
Advancing One of the largest new America’s copper discoveries in the U.S. Newest Leviathan - Large porphyry copper discovery in 2023 Copper Discovery hole intersected 185m of 0.84% Cu, 111 ppm Mo, and 2.6 g/t Ag. Near surface, ended in mineralization. Porphyry Grown to significant scale with ~ 30k m
Slide 4: Snapshot
Share Price Performance Snapshot $2.00 10,000 8,000 Volume (000’s) $1.50 Capital Structure Share Price 6,000 $1.00 Issued and Outstanding Shares1 350.4 M 4,000 BIG executive $0.50 2,000 team bolstered by Options 14.0 M $- 0 former ASCU RSUs 2.67 M team, invests $4.5 Fully Diluted 367.1 M Million Sha
Slide 5: Our Management Team with a Track Record of Building Shareholder Value
Our Management Team with a Track Record of Building Shareholder Value The former Arizona Sonoran Executive Team built Cactus from private entity to a US$1.5 Bn sale to Hudbay Minerals PRESIDENT, CEO AND DIRECTOR CFO AND SVP FINANCE SVP CORPORATE DEVELOPMENT & CHIEF LEGAL OFFICER GEORGE OGILVIE NICK
Slide 6: Our Geological Team
Our Geological Team Strong porphyry copper experience with multiple high-impact discoveries SVP EXPLORATION AND DIRECTOR VP EXPLORATION SENIOR RESOURCE GEOLOGIST CHRIS PAUL DILLON HUME ANTHONY BOTTRILL BSc. Geology BSc. Geology, MSc Economic Geology, P. Geo 27 years of resource geology and modelling
Slide 7: Our Board of Directors
Our Board of Directors CHAIR (INDEPENDENT) DIRECTOR (INDEPENDENT) DIRECTOR MATTHIEU BOS KELLY MALCOM GEORGE OGILVIE BSc Mine Engineering MSc, Metallurgy BSc. Geology, BA Economics P.Eng. Former Executive Vice President at Ivanhoe President and CEO of Borealis Mining. Previously President and CEO of
Slide 8: Idaho Advantage
Idaho Advantage Low Geopolitical Risk Pro-resource state with low geopolitical risk. Streamlined state permitting. Federal Permitting and Fast Track 41 Revisions New federal permitting rules significantly fast track exploration and mine permitting in the United States, particular for copper projects
Slide 9: Hercules Property
Hercules Property Exploring America's Newest Copper Porphyry Belt • 73 km and over 100,000 acres of Americas newest porphyry copper belt, owned and partially partnered with Barrick. • Major near surface porphyry copper discovery below surface epithermal silver zone. • 3 similar anomalies currently b
Slide 10: Leviathan Discovery
Leviathan Discovery Near Surface copper porphyry with high-grade secondary enrichment Only 20% of target tested to date TSX-V: BIG | OTCQB: BADEF
Slide 11: Hercules Property
Hercules Property Well-Positioned to Operate LOCATION Cambridge, Idaho • 100% owned OWNERSHIP • NSR buyable down to 0.25-1% MINERAL • >100,000 acres of private, state and RIGHTS federal mineral rights SURFACE • ~3,300 acres of surface rights + MINING private land lease option (black RIGHTS outline)
Slide 12: 2026 Exploration Plan
2026 Exploration Plan Drill Testing 4 New Porphyry Centers 4 targets with similar geophysics (MT conductivity and IP chargeability) to the Leviathan Porphyry Copper System. 1. Leviathan FW MT Anomaly (OP expansion target) – High conductivity anomaly plunging northeast from Leviathan. 2. Hook (OP tar
Slide 13: Focus on Leviathan, near surface opportunity
Focus on Leviathan, near surface opportunity Porphyry Copper System Identified below Epithermal Silver Zone • At least 4 targets on only 20% of land position: • Large epithermal silver system overlays Leviathan, and • Includes Leviathan, Southern Flats and extends over Southern Flats. Pegasus • Uppe
Slide 14: Epithermal Silver Deposits Overlying Porphyry Copper Systems
Epithermal Silver Deposits Overlying Porphyry Copper Systems Hercules Filo del Sol Valeriano East Tintic Company Hercules Metals BHP / Lundin ATEX Osisko Gold $450 M market cap Sold for $4,000 M $840 M market cap $1,200 M market cap Location Idaho Chile/Argentina Chile Utah (among other projects) De
Slide 15: 2023 Leviathan Discovery
HER-23-05 cross-section with interpreted geology, grade bars for 2023 Leviathan Discovery copper (orange), molybdenum (blue), and silver (grey) A Rare New Porphyry Copper Discovery in the U.S.A. • Overlying epithermal silver system with intersected holes including 139 g/t Ag over 42m (HER 23-07). •
Slide 16: Leviathan Current Drilling
Leviathan Current Drilling Systematic Fence Drilling • Leviathan drilling has currently defined: • Over 1.35 km strike, up to 750 m wide, and up to 500 m vertical extent • Remains open in both directions, where new geophysical surveys highlight incredibly strong growth potential, and at depth. • Sou
Slide 17: Leviathan Drilling
Leviathan Drilling 2025 Highlights Include: • HER-25-02: NEAR SURFACE o 81m of 1.49% Cu, 8.9 g/t Ag, SILVER ZONE o Within 127 m of 1.10% Cu, 7.0 g/t Ag o Within 346 m of 0.66% Cu, 3.2 g/t Ag, 78 ppm Mo • HER-25-05: o 35 m of 1.01% Cu, 6.2 g/t Ag o Within 273 m of 0.60% Cu, 1.8 g/t Ag, o Within 379 m
Slide 18: New Southern Flats Zone Discovery
New Southern Flats Zone Discovery Porphyry Center - 1 km South of Leviathan • Iron-rich volcanics – host rock for high grade Copper HER 26-01 HER 25-25 • HER-26-01 - 0.58% CuEq over 287 m (0.43% Cu, 158 ppm Mo, 4.0 g/t Ag, 0.03 g/t Au) • incl. 66 m of 0.80% CuEq (0.61% Cu, 89 ppm Mo, 11.3 g/t Ag, 0.
Slide 19: 2026 Hook Porphyry Target
2026 Hook Porphyry Target High Chargeability Target Successful Proof of Concept Drilling • Reconnaissance Drill Hole HER-26-03 Intersects Intense Phyllic Alteration, Consistent with the Margins of a New Porphyry System, at the Edge of a 1.8-Kilometer Chargeability Anomaly September Drill Hole • Prio
Slide 20: Majority of Larger Copper Project in the Americas are at Higher Elevations
Majority of Larger Copper Project in the Americas are at Higher Elevations Elevation vs. Resource (masl | kt Cu) Bubble size = Market Cap (US$M) Primary Open Pit mine Primary Underground mine 5,000 $1,000 $500 $250 Los Helados NGEx Valeriano 4,000 Atex Cotabambas Los Azules Panoro Altar Elevation (m
Slide 21: Large Copper Systems Peer Benchmarking
Large Copper Systems Peer Benchmarking Grade vs. Resource (% Cu | kt Cu) Bubble size = Market Cap Primary Open Pit mine Primary Underground mine (US$M) 1.00% $1,000 $500 $250 Santa Cruz Ivanhoe Electric 0.80% 0.60% Gu Grade (%) Valeriano Atex 0.40% Costa Fuego Los Helados Altar Hot Chili Santo Tomas
Slide 22: Copper Porphyry Transactions in the U.S. – Since 2010
Copper Porphyry Transactions in the U.S. – Since 2010 Very few M&A opportunities in tier 1 jurisdictions involving porphyry copper assets, due to significant lack of new discoveries. The select few that have transacted since 2010 are shown below. Robinson – US$1.7B Morenci – US$1.0B for 13% ‐ Date:
Slide 23: A Generational Opportunity in the Making
A Generational Opportunity in the Making Upcoming Catalysts • 2 drills expanding Leviathan 73km belt has potential to porphyry, drilling at 200 m 2026 drill campaign testing stronger deliver a significant spacings. discovery value through geophysical anomalies further brownfields than initial discov
Slide 24: Contact us
Contact us Herculesmetals.com George Ogilvie, President and CEO TSX-V: BIG | OTCQB: BADEF Gogilvie@herculesmetals.com Alison Dwoskin, VP Investor Relations Adwoskin@herculesmetals.com 647-233-4348
Slide 25: Appendix Slides
Appendix Slides TSX-V: BIG | OTCQB: BADEF
Slide 26: Responsible Exploration
Responsible Exploration Hercules Metals seeks to build a positive legacy by delivering value to the community both during and after its operating life in Idaho and by building close ties with the community, government and all its stakeholders. Engagement Hercules hosts town hall meetings to educate
Slide 27: Shallow Near-Surface • Hanging wall to Leviathan Porphyry
Shallow Near-Surface • Hanging wall to Leviathan Porphyry Open Pit Target • High-grade enrichment zone closest to surface in the east, representing HER-24-20 – potential open pit target. Shallowest high-grade intercept to date ~70 meters true depth below surface Copper Molybdenum 27 See PR dated Jan
Slide 28: Copper Deposits
Notable porphyry copper deposits in the United States: Active Mines: • Morenci Mine – Arizona • Safford – Arizona • Bingham Canyon Mine (Kennecott) – Utah • Bagdad Mine – Arizona • Sierrita Mine – Arizona • Pinto Valley – Arizona US Porphyry Development Projects: Copper Deposits • Resolution Copper
Slide 29: Development-Stage Porphyry Copper Deposits
Development-Stage Porphyry Copper Deposits PROJECT NAME Pebble Project Resolution Copper Copper World Santa Cruz Copper Creek LOCATION Alaska Arizona Arizona Arizona Arizona Rio Tinto (55%) OWNER Northern Dynasty Hudbay Minerals Ivanhoe Electric Faraday Copper BHP (45%) M&I MINERAL 422 Mt @ 0.48% 6.
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