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666b61c344f63f1d90ce53d7_2024-06_Pan Global Resources_Investor Presentation_June 10 2024
666b61c344f63f1d90ce53d7_2024-06_Pan Global Resources_Investor Presentation_June 10 2024
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ESCACENA PROJECT
INVESTOR PRESENTATION
Iberian Pyrite Belt
Spain
JUNE 2024
TSXV: PGZ | OTCQX: PGZFF | FRA: 2EU
This Presentation contains "forward-looking statements". These forward-looking statements are made as of the
FORWARD date of this Presentation and Pan Global Resources Inc. does not intend, and does not assume any obligation, to
LOOKING update these forward-looking statements. Forward-looking statements include, but are not limited to,
statements with respect to the timing and amount of estimated future exploration, success of exploration
STATEMENT activities, expenditures, permitting, and requirements for additional capital and access to data. Forward-looking
statements involve known and unknown risks, uncertainties and other factors which may cause the actual
& results, performance or achievements of the Company to be materially different from any future results,
QUALIFIED performance or achievements expressed or implied by the forward-looking statements. Such factors include,
among others, risks related to actual results of current exploration activities; changes in project parameters as
PERSON plans continue to be refined; the ability to enter into joint ventures or to acquire or dispose of property interests;
future prices of mineral resources; accidents, labour disputes and other risks of the mining industry; ability to
obtain financing; and delays in obtaining governmental approvals or financing.
This presentation does not constitute an offer to sell or solicitation of an offer to buy any securities Pan Global
Resources Inc.
Qualified Person
Álvaro Merino is the Company’s Qualified Person (QP) as defined by National Instrument 43-101, has reviewed
and approved the scientific and technical information contained in this presentation. Mr. Merino is not
independent of the Company.
COPPER
DEMAND FOR Copper prices are
ENERGY expected to
TRANSITION: elevate over the
THE NEXT next decade,
DECADE IS resulting in faster
CRITICAL payback and
higher returns
Source: https://energyminute.ca/infographics/the-volume-of-2050-net-zero-copper-demand/
4
TSXV: PGZ | OTCQX: PGZFF
FRA: 2EU “The imminent 4th Industrial Revolution and the Green Industrial Revolution should both benefit
tin over the next decade. Tin as solder will glue together all the electronic and electrical equipment
required for a 5G-supported smart communications future. Tin-copper products should also
TIN: benefit from development of electric vehicles and renewable energy infrastructures.”
- International Tin Association, 2022
DEMAND FOR
HIGH-VALUE
Supply-demand balance for tin in (‘000’s tonnes), 2010-2030
METAL DRIVEN
BY ENERGY
TRANSITION
US$/t 29,400
US$/t 9,269
Cu Sn
LME 3-month average price (April 8, 2024)
6
ESCACENA PROJECT: NEIGHBOURING PRODUCERS
12 km
There is no assurance that Pan Global Resources’ results will be similar or mirror those of adjacent properties. Map Image: Google Digital Globe 2019
* Modified from: West, D. and Penney, M., 2018; There is no assurance that Pan Global
Resources’ results will be similar or mirror those of the Neves Corvo mine area.
4158000
GRAVITY ZARCITA multiple untested targets
GEOPHYSICS
SURVEY Cañada Honda AZNALCÓLLAR* LOS FRAILES*
PGZ Drill hole
Historic Mine Works
El POZO LA JAROSA
HORNITOS Grupo Mexico
BARBACENA
SAN PABLO
ROMANA BRAVO
DEEP NORTE
ROMANA PILAR
Historical Mine
4153000
NORTE
4153000
Active drill target
EL CORTIJO PILAR
2.5km SOUTH Gravity target
La Romana BRAVO
730000 735000 740000 745000
* Aznalcollar and Los Frailes gravity anomalies are shown for comparison. There is no assurance that Pan Global Resources’s results will be similar or mirror those of adjacent properties.
Upside Potential
• New drill results confirm new
higher-grade copper area in the
northwest (open)
• Gravity and DHEM target, indicates
potential northwest continuation of
higher grades
• Planned drilling targeting near-
surface northwestern extension
• Other targets nearby
DHEM
Inc. 9.9m @ 1.70 (1.57 / 0.04 / 3.6)
• Defined by 180 drill holes
A’
• Size increased by 25% in 2023,
Conductor
B’ Cu-Sn-Ag
Grade Shell
>0.2% CuEq
excellent copper & tin metallurgy
• Near surface mineralization and
geometry, well suited to potential low
A
cost open-pit mining
B • 30-hole planned drill program to
LRD177
8m @ 1.48 (1.21 / 0.1 / 1.5)
LRD172
12m @ 0.74 (0.60 / 0.05 / 1.4)
delineate the western extension
Inc. 3.4m @ 2.86 (2.72 / 0.04 / 3.2) Inc. 6m @ 1.36 (1.09 / 0.10 / 2.6)
1 Copper Equivalent (CuEq) is calculated using Cu, Sn and Ag grades. Metallurgical recoveries
include 86% for Cu, 68% for Sn and 56% for Ag, based on preliminary studies. The CuEq
calculation uses commodity prices of US$ 8,693/tonne Cu, US$ 29,069/tonne Sn and US$
Source: Selected drill highlights from published drill results available on the company’s website Published Drill Hole Intersections 23.72/oz Ag. The effective formula is [CuEq %] = [Cu %] + 2.6440 * [Sn %] + 0.0057 * [Ag ppm]
Source: Selected drill highlights from published drill results available on the company’s website Published Drill Hole Intersections
Copper-Tin-Silver
Mineralization • Metal and Alteration models shows
the mineralization is wide open to
the west and down-dip
• Tin grades increasing to the west
• Good continuity
West North
Chlorite
East
0 300 m Sericite View looking down-dip
towards the northwest
Positive Cu metallurgy
• Copper metallurgy variability tests
confirm saleable concentrate grades are
achievable across the deposit
• Simple conventional floatation process
flowsheet
• Excellent recoveries up to 88% copper
• Concentrate grades up to 32.5% copper
• Positive results advance La Romana to
the preliminary design phase of the
metallurgical process
Positive Sn metallurgy
• Tin metallurgy tests confirm high-
quality tin concentrate by
conventional gravity separation
• High tin concentrate grades of 63.2%
Sn at 58.1% recovery
• Typical tin cassiterite-sulphide
deposits
➢ Ore grades range from 0.2% to
1.4% Sn, and
➢ Recoveries range from 30% to
60%, where tin is the primary
commodity
• Tin mines globally - concentrate
grades of 50-55% Sn
Mines
Cerro Colorado
base of pit 400m
Lagoa Salgada
• Near surface is less expensive
Base of pit
-250m?
120m below cover
to explore / open pit is lower
Current
mine depth -
cost to mine
390m Current
base of pit Projects
500 m 500 m
-400m?
Current
mine depth -
565m
Masa de Valverde
Las Cruces Current mine 430-800m below surface
Beneath 150m of cover Magdalena
depth -725m
Exploration
drilling to
-800m
Depth to
Neves Corvo at mineralization
1200m below surface Exploration drilling to
-1400m
1500 m 1500 m
Iberian Pyrite Belt Deposits shown for comparison of drilling and mine depths. There is no assurance that Pan Global Resources’ results will be similar or mirror those of adjacent properties.
Source: Selected drill highlights from published drill results available on the company’s website Published Drill Hole Intersections
1km
New Discovery
• Large gravity target extends over 2km
F
• Copper-gold mineralization and geophysics coincident
CAÑADA HONDA
GRAVITY TARGET • Potential ore grade/thickness copper & gold from surface to
CHD14 CHD12 600m down-dip, extending along-strike
CHD05
A CHD09 • Latest drill results include best gold intersection and widest
CHD08
copper intersection:
CHD06
CHD11
F CHD08
A’ ▪ 8m @ 2.63g/t Au, and
Soil Cu-Au ▪ 14m @ 0.77% Cu, 0.4g/t Au, 4g/t Ag, incl.
Anomaly
▪ 6.8m @ 1.48% Cu, 0.65g/t Au, 7.2g/t Ag
Rock grab sample CHD12
Historical mine
Downhole EM 1.03 g/t Au 8.98 g/t Au ▪ 17m @ 1.58g/t Au, incl.
New Downhole EM
Drillholes
F ▪ 11m @ 2.36g/t Au (or 9m @ 2.79g/t Au), and
Completed ▪ 22m @ 0.41% Cu, 0.20g/t Au, 1.6g/t Ag
New Results
In-progress
CHD11
▪ 4.25m @ 1.17g/t Au, 17.7g/t Ag (35m from surface)
Source: Selected drill highlights from published drill results available on the company’s website Published Drill Hole Intersections
Cross-section
A CHD14
In-progress CHD12
A’ • VMS style copper-gold stockwork,
CHD5 CHD9 CHD6
CHD CHD8
09
CHD
08 semi-massive & massive sulphides
100m
2m @ 1.36 g/t Au • Stacked gold veins above
2m @ 1.61 g/t Au
Shales
8m @ 2.63 g/t Au • Wide-open downdip & along-strike
• Target concept validated – VMS
and
20m @ 1.09 g/t Au
Quartzites 14m @ 0.77% Cu, 0.4g/t Au, 4g/t Ag
0m
Incl. 6.8m @ 1.48% Cu, 0.65g/t Au, 7.2g/t Ag
Dacites beneath thrust fault e.g. Sotiel-
17m @ 1.58g/t Au 7m @ 0.64% Cu, 0.8g/t Au, 6.5g/t Ag Migollas Mine
Incl. 11m @ 2.36 g/t Au Incl. 3m @ 0.91% Cu, 1.1g/t Au, 5.5g/t Ag
Cañada Honda
Cañada Honda W Long-Section E
Gravity Anomaly
Gravity Anomaly Map
A 2 km
A’
Resistivity Low
2 km Target (<200 Ω m)
A A’ No Data
(powerlines)
>0.2% Cu
Grade Shell
Source: Selected drill highlights from published drill results available on the company’s website Published Drill Hole Intersections
NEW SURVEY
733000 E 734000 E 735000 E 736000 E 737000 E
Escacena
Cañada
Project
Honda
4155000 N
4155000 N
0 1 Km La Romana
New Survey
BARBACENA
4154000 N
• New detailed gravity survey highlights
4154000 N
ROMANA
NORTE
untested new targets
• Enhanced the La Romana west
EL CORTIJO
extension, Romana Norte and
4153000 N
4153000 N
LA ROMANA
Barbacena gravity targets
• Satellite copper targets near to La
Romana
733000 E 734000 E 735000 E 736000 E 737000 E
Significant upside at
Gravity anomaly map new targets
LA ROMANA
• Bravo Gravity Target (Pending
Access)
✓ Coincident Heli-Electro
Magnetic anomaly
✓ Along-trend east from La
Romana
✓ Historical Exxon IP anomaly
on southern margin of
gravity anomaly
EL CORTIJO BRAVO
27
COPPER ADDED TO EUROPEAN CRITICAL RAW MATERIALS ACT
ESG INITIATIVES
HIGH-GRADE
PROFESSIONAL
TEAM
30
LEADERSHIP TEAM
TIM MOODY – President, CEO and Director ÁLVARO MERINO – Vice President Exploration MAX PINSKY - Corporate Secretary
Tim has over 35 years of experience in the mining industry Álvaro holds degrees in geology and mine engineering, and Max is a lawyer with over 20 years of practice experience,
including mineral exploration, resource assessment, has worked in the mining industry for more than 20 years in mainly in the corporate and securities areas. He has a B.Sc.
business development, strategy and government relations, Chile, Bolivia, Mexico, and Spain. He has an extensive (Special) degree and an LL.B. degree from the University of
including 24 years with Rio Tinto, where he held various background working in senior management positions at Alberta. He is a member of the Law Society of British
posts, including Iberia Exploration Manager (Spain and several junior mining companies with early-stage and Columbia and has considerable experience in assisting
Portugal), Exploration Director, and Vice President and advanced exploration projects with a diverse range of companies in all stages of planning and corporate
Director of Business Development. Strong international development.
commodities. He has been an important part of the Pan
multi-discovery track record.
Global geology team since the company began in Spain
and serves as Pan Global’s Qualified Person for NI 43-101.
ANDY MARSHALL - Chief Financial Officer DANIEL ROCA – Spanish Legal Counsel (External)
JASON MERCIER – Vice President Investor Relations
Andy is a Chartered Accountant and Chartered Financial Daniel is a practicing lawyer in Spain, with extensive
Analyst with more than 11 years of finance and CFO Jason is an investor and communications professional professional experience in the areas of business law and
experience in the mining sector, including an extensive with more than 25 years of experience acquired in a range mining law. He has worked in the mining industry for the
background in financial and risk management; corporate of mining companies, from exploration-stage juniors to a last 35 years, with companies such as Rio Tinto, Lundin
reporting, ESG management; and M&A transactions. He $15 billion market cap producer. Most recently, he was the Mining, Sibelco and Imerys, in all stages of mine
most recently served as CFO at First Mining Gold Corp. His global investor relations, and external communications lead development from exploration to production.
career began with PricewaterhouseCoopers LLP in London. for a base and precious metals producer.
JUAN GARCIA VALLEDOR - General Manager Spain BÁRBARA GÓMEZ – HSE & Relations Manager Spain
Juan is a Mining Engineer with more than 28 years project Bárbara is a mining engineer and brings a wide range of
development, open-pit mining and operational experience experience to her role at Pan Global. She has most recently
from mine design to mine closure in Spain, including roles managed her own consultancy in Spain specializing in
as operations manager at Rio Tinto's talc mining permitting and government relations, as well as health and
operations, re-opening the Alquife iron ore open-pit mine in safety. Throughout her more than 20-year career, she has
Granada and operations manager at W Resources La participated in most of the mining projects in the Iberian
Parrilla tungsten/tin mine going from development to Pyrite Belt, including Las Cruces, Aguas Teñidas,
production. Aznalcóllar, Magdalena and Sotiel.
Patrick is a senior mining executive with more than 20 years of Tim has more than 35 years of experience in the mining industry
leadership and M&A transactional experience. He is the current including mineral exploration, resource assessment, business
Chairman of Mirasol Resources and has previously served as development, strategy and government relations, including 24
Patrick has more than 30 years of international experience in the Bob is a Chartered Professional Accountant (CPA, CA) and retired
resource industry. He is President, CEO and Director of Orezone PricewaterhouseCoopers (PwC) partner where his career spanned
Gold Corp., builder and operator of the Bomboré Mine in Burkina 34 years heading up the firm's global mining practice. As an
Faso, and previously held the positions of President, Chief independent consultant he has advised more than
Executive Officer and Director of Elgin Mining Inc., Aura Minerals 20 governments around the world on mineral policy matters and
Inc. and Viceroy Exploration Ltd. before its acquisition by Yamana has served on the board of directors of nine listed mineral
Gold Inc. in 2006. He has held numerous senior engineering exploration companies. In 2005, the PDAC presented Bob with
positions at several large-scale global gold mining operations and their Distinguished Services Award, and in 2013 the Government
has also held operating positions at several mining projects for of Canada awarded him the Queen Elizabeth II Diamond Jubilee
Anglo American Corporation in South Africa. Medal for his contribution to Canada's mining industry.
Brian has more than 35 years of experience as a successful Corinne has almost two decades of experience working in
entrepreneur in retail, real estate, and public markets. He is the managerial positions for publicly listed mining companies and in
founder and President of Rocky Mountain Chocolate Factory public accounting practice. She has extensive experience in all
Canada Inc. which operates retail stores throughout Canada. He aspects of commercial mining operations including development
was one of the early investors in and Board members of of strategy, export logistics and supply chain management,
Norsemont Mining (NOM), which was ultimately sold to Hudbay marketing/sales, budgeting and forecasting, risk management,
Minerals. He currently sits on the Boards of three exploration and hedging. She currently serves Newmont Corporation as
companies and was one of the original investors in Pan Global. Senior Director, Concentrates and Dore Sales and Marketing. Her
Brian has been broadly involved in providing seed capital for many previous roles include Director, Marketing and Logistics for
successful public and private companies in the mining and Nevada Copper, Senior Marketing Manager for Nevsun Resources,
resource sector. and Concentrate Marketing Manager for Capstone Mining Corp.
32
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Vancouver BC, V6C 2G8, Canada
T: +1-778-372-7101
E: investors@panglobalresources.com
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