Stellar Africagold, Inc. · TSXV:SPX

Stellar Africagold — Investor Presentation (February 2026)

19 slides from Stellar Africagold's investor presentation, February 2026

  1. Slide 1: New Gold Discovery in Morocco

    TSX-V: SPX New Gold Discovery in Morocco February 2026 Scalable System, Early Valuation

  2. Slide 2: Legal Disclaimer And Qualifying Person

    Legal Disclaimer And Qualifying Person The technical content of this presentation has been reviewed and approved by Mr.Yassine Belkabir, MScDIC, Ceng, MIMMM, a Stellar director and a Qualified Person as defined in NI 43-101. All information included in this presentation, including any information as

  3. Slide 3: Overview

    Overview Morocco Côte d’Ivoire New Gold Discovery New Permit Best drill : 6.62 g/t Au over 12m from 125m • Greenfield permit near Abujar Trenches include: (Zhaojin, ex-Tietto) • 3.5 g/t Au over 155.7m • Stream-sediment program completed • 4.67 g/t Au over 14m • Ongoing soil sampling program (1x1 km)

  4. Slide 4: Corporate Snapshot

    Corporate Snapshot Capital Structure Capitalization 86% Share Retail 64.8 Ownership Basic Shares Outstanding 14% (As of April 12, 2025) Insider 4M 22M Options Warrants African Gold Pre-Resource Comparables (CAD$M) as of 6 Feb 2026 76 77 Market Cap $0.10 91M Share Price (C$) Fully Diluted Shares Outs

  5. Slide 5: Morocco

    Morocco Strong Economy & World-Class Infrastructures Top Mining Jurisdiction in Africa Growing Interest in Precious Metals Exploration • Stable, growing economy: ~3–4% GDP growth, World Bank-forecast • #18 in Most attractive jurisdiction in • Morocco’s precious metals exploration is expected to surg

  6. Slide 6: Morocco – Tichka Est Gold Project

    Morocco – Tichka Est Gold Project The project (82 km², 5 permits) is accessible year-round via national and regional road • 9 km access road constructed by Stellar from Analghi village to main showings Follow-up on ONHYM’s strong stream sediment anomalies lead Stellar to the discovery of 3 gold mine

  7. Slide 7: Tichka Est Gold Project

    Tichka Est Gold Project Three Gold Bearing Zones Identified Already with Regional Upside Zone A Zone A (N350°) – Dyke-contact hosted, high- grade veins Zone B Zone B – NE trending structure extending over two- kilometer along strike (Regional Tizgui Fault) Highly sheared contact of limestone and sch

  8. Slide 8: Takeaways From Trenching & First RC Drill Campaign

    Morocco – Tichka Est Takeaways From Trenching & First RC Drill Campaign Excellent First Pass Trenching and RC Drilling Results • In the first 2022 campaign, 20 RC holes totaling 1,182 m were completed • Initial RC drilling confirmed mineralization but highlighted the need to revise the geological mo

  9. Slide 9: Follow-up Interpretation and 3D modelling

    Follow-up Interpretation and 3D modelling Zone B As a result of ongoing exploration: The geological model was revised & most holes were drilled did not target to the newly interpreted subvertical mineralized structure associated with diorite sills Within the Diorite Gold mineralization is found with

  10. Slide 10: Tichka Est Gold Project Zone B – Dioritic Sills

    Tichka Est Gold Project Zone B – Dioritic Sills Structural interpretation and Target Confirmation • High-grade gold has been intersected in both dioritic sills and intrusive dykes. • Mineralized shoots interpreted to plunge gently to the north-northeast. • Gold is predominantly hosted in NE-trending

  11. Slide 11: Ongoing Diamond Drill Program

    Ongoing Diamond Drill Program • Road improvements and expansion of access roads have been performed TCK1 8 drillholes completed out of 10 holes planned 6 fully assayed (2 pending) TCK 6 • Testing lateral and down-dip continuity of the MT1 sill-hosted mineralization • Other targets : - Depth extensio

  12. Slide 12: Zone B Diamond Drilling Campaign Results - TCK 1

    Tichka Est Gold Project Zone B Diamond Drilling Campaign Results - TCK 1 TCK 1 Interpretation Drilling completed to date indicates that gold mineralization at Tichka Est is preferentially localized within competent lithologies, notably fractured diorite sills and adjacent carbonate units affected by

  13. Slide 13: Zone B Diamond Drilling Campaign Results

    Tichka Est Gold Project Zone B Diamond Drilling Campaign Results Hole ID From (m) To (m) Interval (m) Au (g/t) 76.0 79.0 3.0 0.47 83.0 87.0 4.0 1.07 TCK_001 93.0 99.0 6.0 3.48 125.0 137.0 12.0 6.62 73.0 74.0 1.0 0.87 TCK_002 79.0 80.0 1.0 0.35 179.0 182.0 3.0 0.22 TCK_003 104.0 205.0 1.0 0.23 207.0

  14. Slide 14: Expansion Potential

    Expansion Potential 2026 Mapping, Sampling and Drilling Program • Continue Drilling (5,000m projected) targeting extension of Zone B towards structure A (feeder) and C (extension). • Prospecting, sampling and mapping continue within an expanding area around Zones A, B & C stellarafricagold.com | TSX

  15. Slide 15: Côte D'Ivoire

    Côte D’Ivoire Significant Growth & Opportunities in Mining Stable & Secure Environment for Mining • Recent discovery of a • 8th largest gold producer in • Also a key producer of • Côte d'Ivoire boasts • According to S&P Capital • The World Bank’s Political significant gold deposit in Africa, with pr

  16. Slide 16: Côte d'Ivoire Zuénoula Gold project

    Côte d’Ivoire Zuénoula Gold project Zuénoula was granted in Q2 2024 and is valid for 4 years • This can be extended a further 3 + 3 years with renewals v The permit is along the same structural trend that hosts Zhaojin’s (Previously Tietto Minerals) Abujar Mine Geological interpretation suggests gra

  17. Slide 17: Côte d'Ivoire Zuénoula Gold project

    Côte d’Ivoire Zuénoula Gold project v 3 M$ earn-in commitment comprising soil sampling close-up and air core drilling in 2026 stellarafricagold.com | TSX-V: SPX 17

  18. Slide 18: Management and Directors

    Management and Directors A Team with Extensive Experience in Africa EXECUTIVE CHAIRMAN PRESIDENT & CEO DIRECTOR DIRECTOR John Cumming J. François Lalonde Yassine Belkabir Dr. Paul Kitto Former EVP & CFO of Merrex Gold; led IAMGOLD JV, Diakha Engineer with 35+ years’ experience across four continents

  19. Slide 19: Gold discoveries in Tier-1 African jurisdictions

    TSX-V: SPX TSX-V: SPX | Gold discoveries in Tier-1 African jurisdictions 4908 Pine Crescent Vancouver, British Columbia V6M 3P6 For More Information Contact: February 2026 J. Francois Lalonde [email protected] [email protected]

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