Hayasa Metals Inc. · TSXV:HAY
Hayasa Metals — Mining Armenia Forum 2026
13 slides from Hayasa Metals's conference presentation, Oct 9, 2026
Slide 1: Dedicated to Discovery
Dedicated to Discovery Mining Armenia Forum OCT 2026 www.hayasametals.com TSXV: HAY | OTCQB: HAYAF | FSE: FR20
Slide 2: Disclaimer
Disclaimer Certain statements contained in this presentation constitute forward-looking statements. These statements relate to future events or the Company's future performance, business prospects or opportunities. All statements other than statements of historical fact may be forward- looking state
Slide 3: The Lassonde Curve
Ana _ in eS \ HAYASA METALS INC. The Lassonde Curve The Lassonde Curve: Lifecycle of a junior miner Stage 1 Stock value Aw THE GLOBE AND MAIL, SOURCE: KJ KUCHLING CONSULTING LTD; PIERRE LASSONDE 3 HAYASA METALS INC.
Slide 4: Lassonde Curve Position
Lassonde Curve Position Beginning End 4
Slide 5: World Trends Cu Cost Curve
World Trends Cu Cost Curve • 37% increase in the 90th percentile marginal cost of production from 2019 to 2025 … ??? 5
Slide 6: Copper Discoveries Drying Up
Copper Discoveries Drying Up • Avg Grade of Copper: • 1900: 4%; • 2000: ~ 1.5% • Today: Operating mines today are at 0.53% with developing mines at 0.39% (Source: mining.com) • #1 factor for growth of known Copper resources has been… lowering cutoff grade • There are, simply put, fewer discoveries t
Slide 7: World trends – Data Centers
World trends – Data Centers 7 Source: National Renewable Energy Laboratory (NREL) on behalf of the U.S. Department of Energy’s Grid Deployment Office
Slide 8: Putting it all together…
Putting it all together… • Accelerating upward trajectory on the global cost curve for Copper • Discoveries drying up • Data Center buildout in the USA (and globally) accelerating • Copper price near ATH This should be a golden age for Copper. Is it? 8
Slide 9: Strategic Alliance Highlights
Strategic Alliance Highlights • Term sheet signed Sep. 17, 2026 with a Major Mining Corporation (MMC) • The Strategic Alliance (SA) Phase is sole funded by MMC. • Hayasa is the operator & manages the exploration license application process. • The SA has 4 high priority targets • The goal is to find
Slide 10: Why is SA good for Armenia?
Why is SA good for Armenia? • The purpose of the Strategic Alliance is to find a long-life copper porphyry. • Hayasa may end up with one or more properties that are too small for a major. • Should the SA find a mineralized ore body that meets internal thresholds, this will result in US Billions of f
Slide 11: Last year
Last year Vardenis: Under the option agreement that Teck walked from • Hayasa will spend US$15mln at Vardenis over 5 years and this will yield about 30,000m of drilling • From there another 30,000m will have to be drilled to get to PFS which will take minimum two years • We are now in 2032 and we ne
Slide 12: Now
Now • Hayasa is looking for a partner on Vardenis and waiting on Urasar assay results • Hayasa focus moves to Strategic Alliance, expected spend ~US$15 mln in greenfield exploration Should the Alliance: • Advance a project (over the next 3 years), then • ~5 yrs of drilling minimum 5km to define a NI
Slide 13: Shnorhakalutyun
Shnorhakalutyun շնորհակալություն Source: MinEx Consulting: PDAC 2021 13