Slide 1: Unlocking One of the World's Largest Above-Ground Mineral Assets
TSXV: CDPR BVL: CDPR OTCQX: CDPMF FRA: N8HP Unlocking One the World’s Largest Above-Ground Mineral Assets
Slide 2: Forward Looking Statements
02 FORWARD LOOKING STATEMENTS Certain information contained in this presentation may constitute Forward-looking information is based on material assumptions including A qualified person has not done the work necessary to verify the historical “forward-looking information” under Canadian securities l
Slide 3: El Metalurgista Concession & Social License
03 EL METALURGISTA CONCESSION & SOCIAL LICENSE One of the Largest Above-Ground Mineral Assets In the World TSXV: CDPR BVL: CDPR OTCQX: CDPMF FRA: N8HP 3
Slide 4: El Metalurgista Concession & Social License
04 EL METALURGISTA CONCESSION & SOCIAL LICENSE Excelsior Mineral Pile PROCESSING PLANTS 18K TPD permitted Not owned by CDPR Quiulacocha Tailings TSXV: CDPR BVL: CDPR OTCQX: CDPMF FRA: N8HP 4
Slide 5: Quiulacocha Tailings: Historical Production of the Cerro de Pasco Mining District
05 QUIULACOCHA TAILINGS Historical Production of the Cerro de Pasco Mining District PROJECTION FROM CHENEY ET AL. (2000) FOR 1906—1986 & CENTROMIN PERU RECORDS FOR 1987—1992 ~92 Mt Annual Cummulative Total 1943 PARAGSHA PLANT 1921 STARTS COPPER CONCENTRATOR STARTS 1906 1920 1940 1960 1980 1992 Sourc
Slide 6: Quiulacocha Tailings: History of Production at Cerro de Pasco
06 QUIULACOCHA TAILINGS Historical Production of the Cerro de Pasco Mining District TABLE. 1. HISTORY OF PRODUCTION AT CERRO DE PASCO, 1906-1987 PROGRAM Million Tonnes Cu % Pb % Zn % Ag g/t 1906—1956 UNDERGROUND 6.4 4.03 ─ ─ 146 1957—1970 OPEN PIT 3.1 1.80 ─ ─ 88 1957—1976 OPEN PIT/LEACHING 15.4 0.9
Slide 7: Historic Easement & Social Licence
07 HISTORIC EASEMENT & SOCIAL LICENCE LAND EASEMENT SECURED In May 2024, Cerro de Pasco Resources received a Supreme Resolution granting access to the El Metalurgista Concession for a 40-hole drilling campaign. STRENGTHENS SOCIAL LICENSE On December 15, 2025, a newly formalized surface use agreement
Slide 8: Quiulacocha Tailings / Phase 1 Drilling
08 QUIULACOCHA TAILINGS / PHASE 1 DRILLING Sonic Drill, provides continuous, high-quality samples with minimal disturbance and no water usage, reducing environmental impact, enhancing resource recovery, and improving data quality. TSXV: CDPR BVL: CDPR OTCQX: CDPMF FRA: N8HP 8
Slide 9: Quiulacocha Tailings / Phase 1 Drilling
09 QUIULACOCHA TAILINGS / PHASE 1 DRILLING Freezer truck on-site to preserve micro- structural integrity and prevent oxidation. TSXV: CDPR BVL: CDPR OTCQX: CDPMF FRA: N8HP 9
Slide 10: Phase 1 Drilling Results
10 PHASE 1 DRILLING RESULTS Representative Phase 1 Drill Intercepts – Northern Ag-Zn-Pb Zone (1) Hole (2) Interval (m) Ag (g/t) Zn (%) Pb (%) Ga (g/t) Included Cu-Au interval SPT04 19 59 1.80 0.77 31 — SPT1_5 25 54 1.65 1.23 80 — SPT40 20 55 1.63 1.35 97 5 m @ 0.22% Cu and 0.23 g/t Au SPT03A SPT12 2
Slide 11: Phase 1 Drilling Results: Assay Results to Date
11 PHASE 1 DRILLING RESULTS Assay Results to Date Recent Drilling 40 out of 40 drillholes assayed. SPT0SA SPT04 Average Grade within the Drilled Area (1) SPT05 SPT15 SPT25 SPT06 SPT16 Metal Avg. Grade SPT26 SPT34 SPT07 SPT17 Ag 1.66 oz/t SPT27 SPT35 SPT08 SPT18 Zn 1.47% SPT28 SPT36 SPT19 SPT09 Pb 0.
Slide 12: Recent Expansion of the U.S. Critical Minerals List
12 RECENT EXPANSION OF THE U.S. CRITICAL MINERALS LIST STRATEGIC ALIGNMENT WITH U.S. CRITICAL MINERALS Expansion of the U.S. Critical Minerals List underscores the strategic importance of Cerro de Pasco’s polymetallic tailings project. SIGNIFICANT GALLIUM CONCENTRATIONS WITHIN THE DRILLED AREA The Q
Slide 13: Why Gallium Matters
13 WHY GALLIUM MATTERS A Strategic Metal for Advanced Technology and Energy Transition 98% Gallium underpins military applications 2% in defense, AI, 5G infrastructure… 98% of global gallium supply controlled by China. The U.S. is 100% import dependent. TSXV: CDPR BVL: CDPR OTCQX: CDPMF FRA: N8HP So
Slide 14: U.S. Department of Defense & Gallium
14 U.S. DEPARTMENT OF DEFENSE & GALLIUM CDPR – DFC PROJECT DEVELOPMENT AGREEMENT(1) • Agreement signed with U.S. DFC (March 2, 2026) • $5M in project development funding • Potential $300M+ construction financing* • Aligns with U.S. – Peru critical minerals strategy • Validates Quiulacocha as a strat
Slide 15: Phase 1 to De-Risk Future MRE and Studies
15 PHASE 1 TO DE-RISK FUTURE MRE AND STUDIES PHASE I confirms continuity within the tested area and guides PHASE II and future technical and engineering studies. TSXV: CDPR BVL: CDPR OTCQX: CDPMF FRA: N8HP 15
Slide 16: Tailings: Lower Cost, Lower Dilution
16 TAILINGS: LOWER COST, LOWER DILUTION Factor Tailings Extraction Open-Pit Mining Underground Mining Grade Dilution Factor 0-5% 10-30% 20-50% Extraction Cost per Tonne $1–$2 $2–$15 $30–$200 Why Tailings Make Sense More cost-effective—no need for blasting or hauling more efficient with minimal dilut
Slide 17: Moving Quiulacocha Tailings by Pump Pontoon
17 MOVING QUIULACOCHA TAILINGS BY PUMP PONTOON TSXV: CDPR BVL: CDPR OTCQX: CDPMF FRA: N8HP 17
Slide 18: 2026 Catalysts
18 2026 CATALYSTS Advance Phase 2 drilling across Cu-Ag-Au tailings. Progress toward technical studies and permitting. • Resource-Definition • Hydrogeological • Geotechnical • Environmental Baseline Deliver metallurgical results & recovery potential. Layout of the Phase 1 drilling campaign (complete
Slide 19: Metallurgical Testwork
19 METALLURGICAL TESTWORK TSXV: CDPR BVL: CDPR OTCQX: CDPMF FRA: N8HP 19
Slide 20: Metallurgical Testwork & Conceptual Flowsheet
20 Metallurgical Testwork & Conceptual Flowsheet Preliminary testwork supports multiple concentrate pathways Remined Tailings Classification Sulphide Base Metal Base Metal (Potential) Flotation Flotation Concentrate(s) Pyrite Grinding Concentrate (Potential) Low to Non-sulphide tailings to TSF METAL
Slide 21: Pyrite: Potential Source of Sulfuric Acid
21 PYRITE: POTENTIAL SOURCE OF SULFURIC ACID Metal-based acid consumption will account for 30% of global demand by 2050 Sulphuric acid demand by industry, Mt Fertilizer Metals Industrial 450 375 • Global Sulphur market in 300 structural shortage. 225 • Prices at or near historic highs across key mar
Slide 22: Existing Logistics Corridor
22 EXISTING LOGISTICS CORRIDOR EXISTING LOGISTICS CORRIDOR • Direct rail link from Cerro de Pasco to Callao port. • Longstanding route for concentrate transport. • Existing infrastructure supports scalable logistics. • Well positioned for concentrate export. Note: The rail, port and terminal facilit
Slide 23: Existing Logistics Corridor
23 EXISTING LOGISTICS CORRIDOR EXISTING CORRIDOR FOR MINERAL PRODUCTS • FCA railway • Impala Callao yard • Transportadora Callao enclosed conveyor • Vessel loading at Callao Port FCA Railway Transportadora Callao Conveyor Impala Yard TSXV: CDPR BVL: CDPR OTCQX: CDPMF FRA: N8HP Note: The rail, port a
Slide 24: Corporate Overview
23 CORPORATE OVERVIEW 0.61 LEGEND 1. CDPR receives green light on Land easement. 2. Land easement officially granted. 3. Eric Sprott acquires a substantial stake in the company. 4. Historic authorization granted—drilling program begins. 5. Assay Results from 1st DHs. 6. Significant increase in Ga le
Slide 25: Management Team & Board of Directors
24 MANAGEMENT TEAM & BOARD OF DIRECTORS Steven Zadka Guy Goulet Manuel Rodriguez James Cardwell John G. Booth EXECUTIVE CHAIRMAN EXECUTIVE DIRECTOR & CEO EXECUTIVE DIRECTOR & PRESIDENT CHIEF FINANCIAL OFFICER LEAD INDEPENDENT DIRECTOR Founding partner of CDPR with over Over 30 years of investment Mo
Slide 26: www.pascoresources.com
WA Pasco RESOURCES WWW.PASCORESOURCES.COM