Eranova Metals Inc. · TSXV:NOVA
Eranova Metals — Investor Presentation (October 2026)
26 slides from Eranova Metals's investor presentation, October 2026
Slide 1: Corporate Presentation October 2026
Corporate Presentation October 2026 District-scale copper, gold and silver exploration potential supported by an established molybdenum development asset. EraNova Metals One Property. Two Paths to Value Creation. TSXV: NOVA OTCQB: STXPF 1 TSXV: STU OTCQB: STXPF WKN: A2PLBV
Slide 2: Cautionary Statements
Cautionary Statements This presentation contains “forward-looking statements” and “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements in this presentation that are not historical facts are forward-lookin
Slide 3: Ruby Creek Property, Atlin B.C.: Two Complementary Value Drivers
RUBY CREEK PROPERTY, ATLIN B.C. DISTRICT-SCALE DISCOVERY POTENTIAL BACKED BY ADVANCED MOLYBDENUM ASSET 30,000 ha ~1M oz Road Accessible $100M+ Territory Land package Historic Atlin placer gold All-season access Historical spend One First Nation production (~400 Members) TWO COMPLEMENTARY VALUE DRIVE
Slide 4: Share Capital Structure
SHARE CAPITAL STRUCTURE ~ 34% Insider Ownership * Eric Sprott 11.2% shareholder Market Capitalization: $9M Securities Price Expiration Proceeds Total Common Shares 55,771,908 Warrants 0.35 Jan 2027 $1,050,000 2,999,999 0.50 Mar 2027 $1,500,000 3,000,000 0.18 Sept 2027 $407,970 2,266,500 Total $2,957
Slide 5: Atlin Discovery
Atlin Discovery Atlin, British Columbia, Canada 5‹#› TSXV: STU | OTCQB: STXPF
Slide 6: Ruby Creek Engine: The Surprise Lake Batholith
Ruby Creek RUBY CREEK ENGINE: The Surprise Lake Batholith Ruby Creek hosts a district-scale, structurally controlled mineral system associated with the Surprise Lake Batholith, with multiple deposit styles identified across the property. Climax-style molybdenum porphyry at the intrusive core Metal z
Slide 7: High-Grade Mineralization Across Ruby Creek
Ruby Creek ATLIN DISCOVERY PROJECT High-Grade Mineralization Across Ruby Creek 7 mineralized zones identified across the property 15+ km structurally controlled corridor Multiple near-surface, advancing towards drill testing High-grade precious and base metals in multiple zones Precious Metals 198 g
Slide 8: Target #1: Ruffner Copper-Gold Porphyry
Ruby Creek TARGET #1: RUFFNER COPPER - GOLD PORPHYRY High-Grade Copper-Gold Across a 1 km-Scale Target KEY HIGHLIGHTS Up to 8.1% Cu from surface grab samples 13.0 g/t Au from outcrop 36.8 g/t Au from talus float ~1 km × 600 m magnetic anomaly Porphyry-style alteration confirmed through petrography 8
Slide 9: Target #1: Ruffner Copper-Gold Porphyry
TARGET #1: RUFFNER COPPER - GOLD PORPHYRY GEOLOGY NEXT STEPS Diorite–granodiorite intrusive host Detailed geological mapping & structural interpretation Phyllic, propylitic & argillic alteration confirmed by petrography Additional geophysics to define subsurface extent Disseminated chalcopyrite and
Slide 10: Target #2: Lakeview / Little Edna
Ruby Creek LOCATION WITHIN LAKEVIEW/LITTLE EDNA AREA TARGET #2: LAKEVIEW / LITTLE EDNA High-Grade Gold Along a 2 km Geochemical Trend Little Edna BDX 2m width 166 g/t Au 688 g/t Ag KEY HIGHLIGHTS Gold samples up to 257 g/t Au at Lakeview Visible gold at Little Edna; up to 166 g/t Au Silver values up
Slide 11: Target #2: Lakeview / Little Edna
TARGET #2: LAKEVIEW / LITTLE EDNA GEOLOGY NEXT STEPS Structurally controlled quartz-carbonate veins Detailed vein mapping and structural interpretation NW- and NE-trending structures identified in soil geochemistry Follow-up sampling along geochemical trends Gold associated with Ag–Bi–Te pathfinder
Slide 12: Target #3: Silver Surprise
Ruby Creek TARGET #3: SILVER SURPRISE Silver Surprise High-Grade Silver Along the Adera Structural Corridor Samples 16,030 g/t Ag 14,179 g/t Ag 12,980 g/t Ag 11,440 g/t Ag KEY HIGHLIGHTS ms 9k 8,980 g/t Ag 8,748 g/t Ag 8,522 g/t Ag Silver samples up to 16,030 g/t Ag Bulk Sample Location Multiple sam
Slide 13: Target #3: Silver Surprise
TARGET #3 : SILVER SURPRISE GEOLOGY NEXT STEPS Native silver, acanthite and Ag–Sn sulphides Detailed vein mapping and structural interpretation Quartz-sulphide veins and breccias Additional sampling along strike Subvertical veins within the Adera fault corridor Refine drill targets and advance permi
Slide 14: Otter Creek: Visible Gold Occurrence
OTTER CREEK — VISIBLE GOLD OCCURRENCE Regional bedrock gold discovery | Otter Creek extends through EraNova's Ruby Creek property WHY IT’S INTERESTING Cracker Creek The Atlin district has historically produced an estimated 1 million ounces of placer gold, yet the bedrock sources of much of that gold
Slide 15: Multiple Deposit Styles Within a Fertile District-Scale System
Ruby Creek MULTIPLE DEPOSIT STYLES WITHIN A FERTILE DISTRICT-SCALE SYSTEM Exploration across Ruby Creek has identified mineralization and geological features consistent with multiple deposit styles. Deposit Model Showings Highlights 435.7 M lbs (M&I)* Climax Porphyry Style Moly Adanac Deposit Climax
Slide 16: Adanac Molybdenum
Adanac Molybdenum Atlin, British Columbia, Canada 16‹#› TSXV: STU | OTCQB: STXPF
Slide 17: Adanac Molybdenum Project
Ruby Creek ADANAC MOLYBDENUM PROJECT Advanced development project supported by a robust PEA Resource & Economics (Update PEA, August 2026) 436M lbs M&I contained molybdenum* After-tax NPV $714.7M | 23.5% IRR | 24-year LOM 30,000 tpd operation 11.4 Mlb average annual production Developement Foundatio
Slide 18: PEA Economics Summary
PEA Economics Summary BASE CASE | US$25/lb Mo SPOT | ~US$31.91/lb Mo After-Tax NPV8 CAD$ 714.7M After-Tax NPV8 C$1,292.2M IRR 23.5% IRR 30.2% Payback: 2.4 years Payback: 2.1 Years Mine life Throughput Initial CAPEX LOM AISC Total payable Mo 24 yrs 30,000 tpd C$953.3M C$19.79/lb Mo 270M lbs As report
Slide 19: Primary Moly: Scarce Supply, Growing Demand
PRIMARY MOLY: SCARCE SUPPLY, GROWING DEMAND Adanac represents meaningful, long-life primary molybdenum supply WHY IT MATTERS ~90% Western moly supply produced as copper by-product Adanac average annual 11.4 Mlb/yr production 24 years PEA mine life CRITIAL END USES ENERGY & INFRASTRUCTURE DEFENCE DEF
Slide 20: Significant Underlying Asset Value
SIGNIFICANT UNDERLYING ASSET VALUE EraNova trades at a substantial discount per attributable pound of molybdenum to its closest public development peers PRIMARY DEVELOPMENT-STAGE MOLY PEERS Attributable Market Cap Market Cap/lb Mo Owner Assets Stage Location Contained Mo (Mlb) (CAD M) (CAD) Feasibil
Slide 21: EraNova Metals: The Next Phase of Value Creation
ERANOVA METALS: The Next Phase of Value Creation ATLIN DISCOVERY Exploration, Drilling & Discovery Advance Ruffner, Lakeview/Little Edna and Silver Surprise Complete target definition, permitting and drill preparation Execute priority drill programs to test scale and continuity VALUE DRIVERS: Drill-
Slide 22: Investment Thesis
INVESTMENT THESIS One property, multiple opportunities for value creation — near-term copper, gold and silver exploration catalysts backed by an advanced molybdenum asset. DISTRICT-SCALE DISCOVERY THREE PRIORITY DRILL HIGH-GRADE SURFACE OPPORTUNITY TARGETS RESULTS Au up to 257 g/t 30,000 ha property
Slide 23: Thank You
One Property. Two paths to value creation. Thank You Meredith Eades President, CEO & Director [email protected] 604-360-4668 www.EraNova.com 23 TSXV: NOVA | OTCQB: STXPF
Slide 24: Appendix
APPENDIX EraNova Metals One Property. Two paths to value creation. TSXV: NOVA OTCQB: STXPF 24 TSXV: STU OTCQB: STXPF WKN: A2PLBV
Slide 25: Adanac Molybdenum Resource (MRE)
Adanac Molybdenum Resource (MRE) Classification Tonnes (Mt) Mo Grade (% Mo) Contained Mo (Mlbs) Measured 39 0.072 61.7 Indicated 352.2 0.048 374.1 Measured + Indicated 391.2 0.051 435.7 Inferred 76.4 0.042 71 Notes Mineral resources are not mineral reserves and do not have demonstrated economic viab
Slide 26: Other EraNova Projects
OTHER ERANOVA PROJECTS (1) RUBY CREEK 100% interest, 33,000-hectare PM + critical metal property Direct to deposit road access Located in the heart of Atlin Placer Gold Camp (2) BIG LEDGE 1 100% interest, 5,094-hectare lead-zinc property Historic drilling by Cominco (1948–1966; 10,060 m) outlined a
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