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Taseko Mines — October 2026 Florence Copper Site Tour Presentation Download (company IR deck)
Taseko Mines (TGB) · 54 slides · Filed Oct 29, 2026
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Slide 1 — North
A Leading, Low-Cost North-American Copper Producer Florence Site Tour October 8, 2026
Slide 2 — Disclaimer
Disclaimer 2 This presentation contains forward-looking statements and forward-looking information (collectively referred to as “forward-looking statements”) within the meaning of applicable Canadian securities legislation and the United States Private Securities Legislation Reform Act of 1995, Section 27A of the Securities Act and 21E of the U.S. Securities Exchange Act of 1934, as amended, which may not be based on historical fact, including without limitation, statements regarding our expectations in respect to future financial position, business strategy, future production, reserve potential, exploration drilling, exploitation activities, events or developments that we expect to take place in the future, projected costs and plans and objectives. All information contained in this presentation, other than statements of current and historical fact, is forward-looking information. Often, but not always, forward-looking information can be identified by the use of words such as “believes,” “may,” “plan,” “will,” “estimate,” “scheduled,” “continue,” “anticipates,” “intends,” “expects,” “aim” and similar expressions. All of the forward-looking information in this presentation is qualified by this cautionary note. All statements in this presentation, other than statements of historical facts, that address estimated mineral resource and reserve quantities, grades and contained metal, and possible future mining, exploration and development activities, are forward-looking statements. Although Trekor Metals Limited (“Trekor”) believes the expectations expressed in such forward- looking statements are based on reasonable assumptions, such statements should not be in any way construed as guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices for metals, the conclusions of detailed feasibility and technical analyses, lower than expected grades and quantities of resources, mining rates and recovery rates and the lack of availability of necessary capital, which may not be available to Trekor on terms acceptable to it or at all. Trekor is subject to the specific risks inherent in the mining business as well as general economic and business conditions. For more information on Trekor, investors should review Trekor’s annual Form 40-F filing with the United States Securities and Exchange Commission at www.sec.gov and its Canadian securities filings that are available at www.sedarplus.ca. This presentation contains unaudited “non-IFRS” financial measures, including Adjusted EBITDA and net debt. The non-IFRS financial measures contained in this presentation are not measures of financial performance calculated in accordance with generally accepted accounting principles in the United States (“GAAP”) or international financial reporting standards (“IFRS”) and should not be considered as replacements or alternatives to net income or loss, cash flow from operations or other measures of operating performance or liquidity. Non- IFRS measures should be viewed in addition to, and not as substitute for, analysis of Trekor’s results reported in accordance with IFRS or otherwise. Notwithstanding these limitations, and in conjunction with other accounting and financial information available, Trekor’s management considers the non-IFRS financial measurers contained in this presentation to be reasonable indicators for comparisons between Trekor and Trekor’s principal competitors in the market. These non-IFRS measures are used by market participants for comparative analysis, albeit with certain limitations, of the results of businesses in the sector and as indicators of Trekor’s capacity to generate cash flow. Nevertheless, non-IFRS financial measures do not have any standardized meaning and therefore may not be comparable to similar measures presented by other companies.
Slide 3 — Presentation Overview
Presentation Overview 4 Florence Copper Overview / Construction / Safety ISCR Wellfield Operations Plant Operations Successes / Challenges To-Date Opportunities Gibraltar / Yellowhead / Aley Update
Slide 4 — | Overview
| Overview | Construction | Safety 5
Slide 5 — Florence Copper History
Florence Copper History 6 1969 American Smelting & Refining Co. (ASARCO) undertakes early exploration. Continental Oil Company (Conoco) records first copper intercepts. Conoco constructs two 700’ shafts and one mile of cross-cuts and performs on-site testing. 1970-1976 1992-1996 Acquired by Magma Copper Company. Magma evaluates potential for ISCR Production. Magma acquired by BHP Copper (Florence Copper Inc.) Conducts geological and hydrological characterization. ISCR pilot test initiated – including installation of 67 injection, production and monitoring wells. 1996-1998 2000 BHP deferred mining operations due to low metal prices. Property acquired by Merrill Ranch Investments LLC. Curis Resources acquires Florence Copper property and State of Arizona Mineral lease. Senior project team assembled to advance the Florence Copper project toward development. 2009-2010 2011-2014 Curis submits permit applications; permitting process; extensive engineering. Environmental studies and community engagement. Curis Resources acquired by Taseko Mines, advanced permitting stage of project continues; construction of PTF begins in 2017. 2014-Present
Slide 6 — Florence Copper History
Florence Copper History 7 Phase 1 PTF successfully operated wellfield and SX/EW plant, producing more than 1 million lbs of copper cathode Phase 2 Construction & commercial operations 2018 2019 2020 2023 2024 2026 • PTF development and construction starts (~US$25M) • Wellfield & SX/EW plant commissioned in Q3, operations commenced in Q4 • First cathode produced in Apr 2019 • Permitting process for commercial scale production begins • Completed PTF production phase • Aquifer Protection Permit issued by ADEQ in December • Received final UIC permit from US EPA • Site prep, initial earthworks commenced • Production ramp up from commercial facility • Commence construction of commercial production facility
Slide 7 — Trekor will be the 3rd largest
Florence Copper – First Greenfield ISCR Operation 8 The first new copper producer in the United States in more than a decade (1) Based on the Florence 43-101 Technical Report with an effective date of March 15, 2023. Project Highlights1 Mine Life 22-years Annual production capacity 85 million pounds (~40k metric tonnes) of copper cathode After-tax NPV(8%) US$930 million @ US$3.75/lb copper After-tax IRR 47% Payback 2.6 years LOM Operating Costs (C1) of US$1.11/lb Trekor will be the 3rd largest copper cathode producer in the US At US$6.00/lb copper the after-tax NPV is US $2.5 billion (post construction)
Slide 8 — Florence Copper – First Greenfield ISCR Operation
Florence Copper – First Greenfield ISCR Operation 9 Florence Copper: a leading new source of 'Made in America' copper metal 65% 75% 78% Energy Consumption (kWh/lb Cu) Carbon Emissions (kg Co2/lb Cu) Water Use (gal/lb Cu) Arizona Conventional Open-pit Mine vs. Florence Copper Project Florence Copper will expand copper cathode production in the United States by ~5% (over 2025 levels) • 275 lb copper sheets • No downstream smelting or refining required • Direct shipment to US manufacturers Producing ASTM Grade 1 Copper Cathode (equivalent to LME Grade A)
Slide 9 — Florence Copper – ISR
Florence Copper – ISR 10 Injection and recovery wells are drilled deep into the bedrock where the oxide copper ore is situated Observation wells are monitored continuously to ensure hydraulic control of fluids (“closed loop” system) is maintained at all times and water quality is protected Copper rich solution is then pumped to surface through recovery wells for processing into pure copper cathode sheets Lightly acidic solution (similar to household vinegar) is injected via the injection wells into the oxide zone to dissolve the copper Wells are concrete encased and sealed above the oxide zone to protect water quality STEP 1 STEP 2 STEP 3 STEP 4 STEP 5
Slide 10 — Florence Copper Property Location
Florence Copper Property Location 11
Slide 11 — Florence Copper Site Overview
Florence Copper Site Overview 12
Slide 12 — US$232
Florence Copper Construction 13 March 2024 Today March 2023 Technical Report (costed in 2022): US$232 million Revised cost estimate in early 2024 (+ 15%): US$267 million Final Spend (+3%): US$276 Million Construction Cost Estimate
Slide 13 — Zero
Florence Health & Safety 14 Construction YTD 2026 Operating Medical Aids 1 3 Lost Time Injuries 0 0 MA/LTI Frequency 0.18 3.15 1.1 million hours worked on construction project through commissioning with zero lost time injuries Zero Only one Medical aid during 20-month construction project – a scorpion sting lost time injuries One medical aid
Slide 14 — Wellfield Operations
Wellfield Operations 15
Slide 15 — Florence Copper – Wellfield Operations
Florence Copper – Wellfield Operations 16 Initial Wellfield
Slide 16 — Florence Copper – Wellfield Operations
Florence Copper – Wellfield Operations 17 Wellfield Equipment Pipe Skids Each group of between 8 to 14 wells is controlled by a single pipe skid Pipe skids are designed by Florence Copper and unique to the site They are fabricated and assembled on site Currently operating 12 pipe skids Drill Rigs 6 rigs operating – using both table drive & top head drive rigs Well Head As of last week, ~145 wells in operation All wells constructed and configured to operate as injection, recovery or hydraulic control wells Pipeline Corridor Pipeline corridor transports mining solutions (raffinate) to the wellfield and PLS from wellfield to SX/EW plant
Slide 17 — Florence Copper – Wellfield Operations
Florence Copper – Wellfield Operations 18 Commenced wellfield acidification in November 2025 with 74 production wells PLS grade of 1.5 grams per liter (g/l) by end of January 2026 SX/EW started up in February and once the plant started plating copper, PLS grades decline, as expected 0 1000 2000 3000 4000 5000 6000 0.0 0.5 1.0 1.5 2.0 2.5 3.0 1-Jan 1-Feb 1-Mar 1-Apr 1-May 1-Jun 1-Jul 1-Aug 1-Sep Flow Rate PLS Grade PLS Grade vs Flow Rates PLS Grade (g/l) Flow Rate (gpm) PLS grades have averaged >1.5 g/l (85% of LOM average) since June, even at higher flow rates In August, 20 new wells brought online – new skid design • August 1 – Skid 10 • August 5 – Skid 9 • August 19 – Skid 11 Expect PLS grades to climb as wellfield become fully acidified
Slide 18 — Florence Copper – Copper Flow from Wellfield
Florence Copper – Copper Flow from Wellfield 19 Copper in Solution Initial eight skids continue to deliver strong copper production Acidification of skids 9, 10 and 11 was modeled to take approximately 12 weeks, but current indications suggest the process is progressing faster than anticipated, supported by higher solution flowrates 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000 100,000 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aug-26 Sep-26 Pounds Copper Copper Flow from Wellfield SX/EW plant comes online (mid February) produces first cathode on February 27 Re-drilled test facility wells come online, quick to acidify Skid 9, 10 & 11 come online – very good solution flow
Slide 19 — Florence Copper – Acid
Florence Copper – Acid 20 Acid Consumption Acid consumption to the end of August was 53,725 tons (approximately 10:1) Higher than LOM average consumption per pound of copper due to initial acidification process, as modeled Consumption will increase in H2 2026 with new skids being brought online 2026 Projected acid usage: ~105,000 tons Acid consumption estimated to be ~220,000 tons in 2027 Acid consumption in line with expectations to-date Modeled Acid Consumption per Pound of Copper
Slide 20 — Florence Copper – Wellfield Expansion
Florence Copper – Wellfield Expansion 21
Slide 21 — WELLFIELD EXPANSION SKID GROUP 1-8
WELLFIELD EXPANSION SKID GROUP 1-8
Slide 22 — WELLFIELD EXPANSION SKID GROUP 9-10
WELLFIELD EXPANSION SKID GROUP 9-10
Slide 23 — WELLFIELD EXPANSION SKID GROUP 11-12
WELLFIELD EXPANSION SKID GROUP 11-12 9/24/2026
Slide 24 — WELLFIELD EXPANSION SKID GROUP 15
WELLFIELD EXPANSION SKID GROUP 15 10/12/2026
Slide 25 — WELLFIELD EXPANSION SKID GROUP 13
WELLFIELD EXPANSION SKID GROUP 13 12/1/2026
Slide 26 — WELLFIELD EXPANSION SKID GROUP 16-17
WELLFIELD EXPANSION SKID GROUP 16-17 12/13/2026
Slide 27 — Florence Copper – Wellfield Drilling
Florence Copper – Wellfield Drilling 28 Wellfield Expansion Drilling Average penetration rates have increased Targeted well completion time is 300-400 hours, depending on depth of well Increased drilling productivities attributed to improved performance by rig crews and new Polycrystalline Diamond Compact drill bit technology Expected to complete ~100 wells by year end 0 30 60 90 120 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aug-26 Sep-26 Oct-26 Nov-26 Dec-26 Total Wells Completed 2026 Actual Expected
Slide 28 — 2026 Copper Production
2026 Copper Production 29 Overall, wellfield expansion, solution flows, leaching and production are trending towards targeted 7 million pounds per month Production will be further boosted as acidification of skids 9, 10 and 11 is completed Fourth quarter production will also be supported by the ramp up and acidification of expansion skids 12, 13, 16 and 17 Current high operating flow regime is above the PTF operating conditions. Work underway to update model for high flow conditions. Expect to produce 25 to 28 million pounds in 2026 and reach 7 million pounds per month in early 2027 0.0 2.5 5.0 7.5 2026 Copper Monthly Production (M lbs) Actual Expected Targeted Monthly Production
Slide 29 — Plant Operations
Plant Operations 30
Slide 30 — Florence Copper – Plant Operations
31 Florence Copper – Plant Operations Plant Area
Slide 31 — Florence Copper – Plant Operations
Florence Copper – Plant Operations 32 ISR to Plant Process
Slide 32 — Florence Copper – Plant Operations
Florence Copper – Plant Operations 33 SX/EW Currently harvesting cathode six days per week Strong metallurgical performance – SX recovery has averaged >95% since April Operated with 33 cathodes/34 anodes per cell April through August. In August, increased to 45 cathodes/46 anodes to allow for increased production capacity Current Density: Averaged ~175 amps/m2 in Q2, and 210 amps/m2 QTD for Q3 Cathode quality has been excellent with very low impurities 0 50,000 100,000 150,000 200,000 250,000 300,000 04/01/2026 05/01/2026 06/01/2026 07/01/2026 08/01/2026 09/01/2026 Daily Cathode Harvest
Slide 33 — Florence Copper – Plant Operations
Florence Copper – Plant Operations 34 Cathode Quality Cathode has easily exceeded requirements for 12 measured analytes under ASTM Grade 1 (LME Grade A) ISCR wellfield recovery effectively reduces accumulation of contaminants which are routinely “bled” off by wellfield over-pumping
Slide 34 — Florence Copper - Operating and Sustaining Costs
Florence Copper - Operating and Sustaining Costs 35 Costs per pound currently impacted by lower copper production and high acid prices Site Operating Costs Sustaining Capital Royalty & Transportation $0.0 $5.0 $10.0 $15.0 $20.0 September Estimate AISC (US$ millions) Royalty & Transportation Sustaining Capital Site Operating Costs Operating Costs Expect linear decline in unit cost as production trends towards 7 million pounds per month Positive free cash flow in September Anticipating higher acid price for 2027, but acid consumption per pound of copper to decline Estimate ~220,000 tons of acid consumption in 2027
Slide 35 — Successes /
Successes / Challenges To-Date 36
Slide 36 — Successes / Challenges To-Date
Successes / Challenges To-Date 37 Overall Performance Solid progress on ramp up to-date. Continuous month-over-month production improvements No significant wellfield performance issues. Flow rates and leaching better than previously modeled Work ongoing to optimize wellfield performance (balance between solution flow and PLS grades) SX/EW plant has been operating steady state at the lower flow rates and is ready for more solution Harvested an average of 250,000 lbs per day for three days in a row in September Strong safety and environmental record over first nine months
Slide 37 — Successes / Challenges To-Date
Successes / Challenges To-Date 38 Drilling Slow to ramp up drilling after restart in late 2025 0 2 4 6 8 10 Dec-25 Jan-26 Feb-26 Feb-26 Feb-26 Mar-26 Mar-26 Mar-26 Mar-26 Apr-26 Apr-26 Apr-26 Apr-26 May-26 May-26 May-26 May-26 May-26 May-26 Jun-26 Jun-26 Jun-26 Jul-26 Jul-26 Jul-26 Jul-26 Jul-26 Aug-26 Aug-26 Drilling – Penetration Rate (ft/hr) Additional rigs added through first quarter 2026 and now at six rigs New crews resulted in lower productivities in H1 Penetration rates increasing now that crews more established
Slide 38 — Successes / Challenges To-Date
Successes / Challenges To-Date 39 Maintaining Solution Flow Two effective solutions: Backflushing with raffinate – performed on a semi-regular basis, as needed Well redevelopment – longer-term solution when back flushing becomes less effective • Backflushing was halted in March due to pump motor failures. After pump motors replaced, backflushing resumed in June with continued positive results • Redevelopment of wells is performed with a smaller drill rig and takes 3-4 days to complete – might have to be completed every 6-12 months Over time, a moderate decrease of solution flows has been observed in both injection and recovery wells
Slide 39 — Successes / Challenges To-Date
Successes / Challenges To-Date 40 Franklin Electric 30 hp Motors installed on nearly all initial commercial wells ~60% of these motors failed Almost no failure with pump ends, only motors Run life was from less than a month to ~7 months Innovative hose reel application adopted to speed up motor replacement and well work-overs Motor repairs shortened from 6-8 hours to 2 hours Well Pump Motors Have now been replaced with Hitachi , which has become the brand of choice due to availability, cost, and greater reliability
Slide 40 — Successes / Challenges To-Date
Successes / Challenges To-Date 41 Cathode Quality Presents future opportunities for higher sales price because of high purity Opportunity to be sold as ”Green” copper due to environmentally favorable extraction method (ie, low carbon footprint) Positive customer feedback – have successfully completed two confirmation processes by customers
Slide 41 — Successes / Challenges To-Date
Successes / Challenges To-Date 42 Sulfuric Acid Acid Deliveries Majority of acid has been supplied out of Japan but multiple sources used this year Over 2,000 truck deliveries to site year-to-date with no incidents No issues with supply to-date Looking at opportunities to optimize logistics for moving acid to site Pricing Fixed price contract in 2026 at ~US$270/ton delivered Expect increased pricing for 2027 – formal discussions with suppliers starting this month Acid price sensitivity – US$100/ton acid price change = US$0.30/lb cost
Slide 42 — Successes / Challenges To-Date
Successes / Challenges To-Date 43 Recruitment / Retention Have been able to attract skilled workers despite a very competitive Arizona job market Current number of employees is 211, fully- staffed Positive response to all job postings In second quarter, received +1,000 applications and extended offers for 29 positions – 100% acceptance rate
Slide 43 — Opportunities Ahead
Opportunities Ahead 44
Slide 44 — Opportunities Ahead
Opportunities Ahead 45 Wellfield Drilling Potential to bring drilling inhouse Ability to achieve greater than modeled 65% overall recovery Higher copper prices potentially allows wells to leach longer Cathode Registration can increase product value Comex / LME US copper tariffs would increase Comex price premium Other ISR opportunities Potential to acquire/JV other ISR properties in Arizona and elsewhere
Slide 45 — Beyond Florence
Beyond Florence 46
Slide 46 — Gibraltar
Gibraltar 47 Strong Third Quarter Production 0 9 18 27 36 Q1 Q2 Q3 YTD Copper Production (M lbs) Concentrate Cathode YTD copper production of 94 million pounds and 1.7 million pounds molybdenum Strong grades and throughput have continued to drive solid production, partially offset by lower recoveries in third quarter Expect grades to decline in fourth quarter On pace to produce 115 to 120 million pounds in 2026, ahead of guidance
Slide 47 — Capital Allocation
Capital Allocation 48 Substantial improvement in leverage metrics expected with increasing EBITDA and Florence construction capex complete • Trekor maintains reasonable leverage levels and balances capital needs through a combination of debt, equity and internally generated cash flow • Net Debt / LTM EBITDA metrics peaked at completion of Florence Copper capital spending • Cash on hand of C$186M expected to fund short- and medium-term capital needs • RCF of US$110M (November 2027 maturity) undrawn $224 $230 $155 $169 $230 $290 $396 2024 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 2.8x 2.4x 4.6x 4.6x 2.4x 2.0x 1.5x 2024 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Net Debt / LTM Adjusted EBITDA (x) LTM Adjusted EBITDA 2030 Notes Principal Amount: US$500 million Coupon: 8.25% Maturity: 6 years (Apr 2030) Issuer Ratings: Moody’s / S&P / Fitch : B3 / B - / B -; Outlooks : Stable / Stable / Stable Optional Redemption Non-callable for 2.5 years, then callable at par plus 50% of the coupon, declining ratably thereafter Special Redemption Feature: Issuer may redeem 10% of the principal per annum at a price equal to 103% of the principal amount of the notes (plus accrued and unpaid interest) during 2.5-year non-call period Use of Proceeds To redeem all outstanding principal of 7.00% Senior Secured Notes due 2026, to make capital expenditures, including at Florence Copper and the Gibraltar mine, to fund working capital and to pay fees and expenses in connection with this offering, with any remaining amounts to be used for general corporate purposes.
Slide 48 — Trekor – Operations and Projects
Trekor – Operations and Projects 49 North American Asset Base Commodity: Copper, Molybdenum LOM Avg. Annual Production: 130 M lbs copper 2.3 M lbs Molybdenum OPERATING ADVANCED STAGE PROJECT Gibraltar Mine Cariboo-Chilcotin, BC 01 Yellowhead Project Thompson-Nicola, BC 03 Focused in North America British Columbia | Arizona Yellowhead Project Florence Copper New Prosperity Gibraltar Mine DEVELOPMENT New Prosperity Cariboo-Chilcotin, BC 05 Commodity: Copper (w/ Gold and Silver) LOM Avg. Annual Production: 178 M lbs copper Commodity: Copper, Gold LOM Avg. Annual Production: +400,000 gold equivalent ounces DEVELOPMENT OPERATING Florence Copper Florence, AZ 02 Aley Project Mackenzie, BC 04 Commodity: Copper Annual Production Capacity: 85 M lbs copper Commodity: Niobium Annual Production Capacity: 9 M kgs niobium Aley Project
Slide 49 — Yellowhead Copper Project
Yellowhead Copper Project 50 LOCATION 150 km NE of Kamloops, British Columbia MINE TYPE Open-pit MINE OWNERSHIP 100% MINE LIFE 25 Years LIFE OF MINE PRODUCTION1 4.4 billion pounds recoverable copper; 282 koz gold; 19 Moz silver (1) Based on the Technical Report Update on the Yellowhead Copper Project, British Columbia, Canada, dated July 10th, 2025 which has an effective date of June 15, 2025. Project Economics1 Initial capital cost C$2.0 billion After-tax NPV8 C$2.0 billion @ US$4.25/lb copper LOM strip ratio 1.4:1 Onsite operating cost C$12.89 per tonne milled Annual production • First 5 years: 206M lbs copper • LOM average: 178M lbs copper Total Cash Costs (C1) • First Five Years: US$1.62/lb • LOM: US$1.90/lb Before-tax free cash flow • First 5 Years: C$2.8 billion • LOM: $10.1 billion Acquired for C$16 million in 2019 - At current long-term consensus copper price of US$5.25/lb the after-tax NPV8 is $3.7 billion and IRR is 32%
Slide 50 — Yellowhead Copper Project
Yellowhead Copper Project 51 Recent Highlights • Identified as a ‘Priority Project’ by British Columbia government in April 2026 • Included in Investment Canada Deal Book for the September 2026 Canda Investment Summit Provincial / Federal EA Process: Detailed Project Description submitted to EAO June 30th Consent agreement signed by BC and Simpcw July 15th EA Readiness Decision issued July 30th Federal IA Determination July 30th Process Planning phase commenced August 4th Federal Substitution decision (approved) August 10th
Slide 51 — 2024
Yellowhead Copper Project 52 Estimated Development Timeline 2024 2025 2026 2027 2028 2029 2030 Permitting Decisions Application Review Phase Application Development and Review Process Planning Phase Readiness Decision Phase / Impact Assessment Determination / Substitution Decision Early Engagement and Planning Phase Pre-Early Engagement Engineering for EA and Permitting Engagement with First Nations, Government and Public Final Investment Decision Yellowhead Is Here
Slide 52 — New Prosperity Gold-Copper Project
New Prosperity Gold-Copper Project 53 • One of the largest undeveloped Copper-Gold porphyries in the world • Life of mine average annual production of +400,000 gold equivalent ounces over a 33 year mine life (based on 2009 Technical Report*) Recent Development • Agreement signed with the Tŝilhqot'in Nation and Province of BC (June 2025) • Trekor to receive a $75 million payment from the Province of BC • Trekor will contribute a 22.5% equity interest in New Prosperity to a trust for the future benefit of the Tŝilhqot'in Nation. • Trust will transfer the property interest to the Tŝilhqot’in Nation when and if it consents to a proposal to pursue mineral development in the project area • Trekor will retain a 77.5% interest in New Prosperity and the ability to divest its interest at any time, including to other mining companies that could advance a project with the consent of the Tŝilhqot’in Nation • The agreement acknowledges Trekor’s commercial interests in the property and provides certainty with respect to how it may be developed in the future LOCATION 125 km SW of Williams Lake, British Columbia OWNERSHIP 100% *Readers are cautioned that the Prosperity Technical Report has not been updated since 2009 and accordingly, caution needs to be advised when assessing its conclusions in light of current operating and capital costs, appropriate technologies, metals price outlooks, and like matters. Note: The Agreement is subject to customary conditions and closing of the transaction is expected to occur in June 2025 Category Tonnes (millions) Grade Contained Metal Au (g/t) Cu (%) Au (M oz) Cu (B lb) Mineral Resources Effective November 2, 2009 at 0.14% Cu cut-off* Measured 547 0.46 0.27 8.1 3.3 Indicated 463 0.34 0.21 5.1 2.1 Total M&I Resources 1,010 0.41 0.24 13.3 5.3 Project Highlights
Slide 53 — Aley Niobium Project
Aley Niobium Project 54 LOCATION 140 km North of Mackenzie, British Columbia MINERAL RESERVES* 84 million tonnes grading 0.50% Nb2O5 * The NI 43-101 technical report documenting these results including tax implications and discussion was issued October 30, 2014 with an effective date of September 15, 2014, as amended and restated December 4, 2017. About Niobium • Usage in high-strength low-alloy steels, superalloys for jet engines, turbines and other aerospace, military & energy applications • Designated a critical mineral by the United States, Canada, and the European Union • Recognized by the US Department of Defense as a high priority defense-critical mineral Project Highlights1 P&P Reserves 84M tonnes grading 0.5% Nb2O5 Mine Life 24-years Annual production Capacity 14,00 tonnes of ferroniobium Project Update • Floatation Process Development - Development of a proprietary flotation process, resulting in higher niobium recoveries and reduced reagent consumption; the concentrate produced has been used to successfully produce market-grade ferroniobium • Strengthening Project Team - Steve Sparkowich joined the team to support technical development, market positioning and commercial strategy Member of:
Slide 54 — Thank You!
Thank You!