Pasinex Resources Ltd. · CSE:PSE
Pasinex Resources — Investor Presentation (November 2026)
48 slides from Pasinex Resources's investor presentation, November 2026
Slide 1: Phenomenal High-Grade Zinc: 30–50%
NOVEMBER 2026 CSE : PSE | FSE : PNX Phenomenal High-Grade Zinc: 30–50% With Additional Value Potential from Germanium & Silver
Slide 2: Disclaimer
Disclaimer The information contained in this presentation is provided by Pasinex Resources Limited. (“Pasinex”) for informational purposes only and does not constitute an offer to issue or arrange to issue, or the solicitation of an offer to issue, securities of Pasinex or other financial products.
Slide 3: A Decade of High-Grade Zinc Mining Experience in Türkiye
A Decade of High-Grade Zinc Mining Experience in Türkiye 10+ Years 150M+ lbs Established in Türkiye Historical Zinc Production Mining and exploration activity, supported by an Zinc in direct-shipping material produced by experienced local geological team and Horzum A.Ş., demonstrating substantial es
Slide 4: Historical Zinc Grades, Direct-Shipping Model, Underground Access
30-50% Historical Zinc Grades High-grade zinc material historically mined at Pinargozu Direct-Shipping Model High-grade zinc material sold without a conventional on-site concentrator. Underground Access Adit and decline access reduce infrastructure and initial capital requirements.
Slide 5: Portfolio Overview
Portfolio Overview United States Exploration Gunman Project Türkiye Mining, Development & Exploration Pinargozu, Sarikaya & Akkaya
Slide 6: In-Situ Theoretical Value of Pinargozu Zinc Sulphide Material Mined
IN-SITU THEORETICAL VALUE OF PINARGOZU ZINC SULPHIDE MATERIAL MINED Ore Sold at 46.2% Zinc containing Germanium and Silver ELEMENT ASSAY PRICE VALUE ZINC 46.2% 1.65 US$/lb $US 1,680 per tonne GERMANIUM 228 g/t 10,000 US$/kg $US 2,280 per tonne SILVER 86 g/t 57 US$/ounce $US 158 per tonne SULPHUR 25.
Slide 7: What's Next? | Pinargozu
What’s Next? | Pinargozu Advancing the +410 Development Project Extending underground access toward high- grade zinc targets and potential future production areas. High-Grade Mineralization Identified Historical drilling near the 420 m level intersected 1.5 m grading 44% Zn. Target Area Intersected
Slide 8: Production Plan | Pinargozu
Production Plan | Pinargozu SULPHIDE 645 Level 410 PROJECT 690 Level 670 Level 663 Level Up to date 105-meter 685 Level progress completed CARBONATE 720 Level 717 Level 735 Level 685-663 Levels
Slide 9: Sarikaya | The Most Important Carbonate-Hosted Zn-Pb District in Türkiye
Sarikaya | The Most Important Carbonate-Hosted Zn-Pb District in Türkiye 2,200 Metres Old Workings Underground diamond drilling completed as of October 2026. 160 Metres Drift advance completed as part of the underground exploration program as of October 2026.
Slide 10: Sarikaya | High Grade Sulphide Zinc Discovered in 2024
Sarikaya | High Grade Sulphide Zinc (30-40% Zn) Discovered in 2024 Exploration & Production 1500 meters drilled with 3 meters of High- Grade Zinc 2,500 tonnes of high- grade Zinc Sulphide material produced Ownership & Agreement Acquired Aydın Teknik (Sarıkaya) for US$2.6M in Q4 2025
Slide 11: Soil Sampling | Sarikaya
Soil Sampling | Sarikaya A systematic soil 273 geochemistry program across two priority target areas on a Soil Samples 100 m × 100 m grid has been completed.
Slide 12: Rock Sampling | Sarikaya
Rock Sampling | Sarikaya 109 Rock Samples Collected from mineralized outcrops, showed elevated Zn results up to 40%
Slide 13: Underground Development | Sarikaya
Underground Development | Sarikaya 160m A total of ~73 meters of underground development has been completed to establish the 3 underground drilling locations, comprising ~12m at the 1st location, 12m at the 2nd location and Advance 49m at the 3rd location.
Slide 14: Underground Drilling | Sarikaya
Underground Drilling | Sarikaya 3 Drill Locations 30 Drill Holes 2200m Diamond Drilling
Slide 15: Underground Drilling | Sarikaya 2200m
Underground Drilling | Sarikaya 3 30 2200m Drill Locations Drill Holes Diamond Drilling
Slide 16: Surface Drilling | Sarikaya
Surface Drilling | Sarikaya 2 Target Areas 11 Drill Holes 700m Diamond Drilling
Slide 17: What's Next? | Sarikaya
What’s Next? | Sarikaya Phase 1: Exploration Phase 2: Exploration and Mining Mapping Lithology, Structure, Alteration New Exploration and Mineralization Adits for Geochemical Underground Drilling Sampling and Interpretation Mining and Underground Drilling Geophysical Studies Q1 2027 of Ground Magnet
Slide 18: Akkaya Zinc Project | Adana, Türkiye
Akkaya Zinc Project | Adana, Türkiye Next to Pinargozu over 10 km2, Similar Hydrothermal and banded ankerite Marble Alteration as Pinargozu, Zinc Sphalerite lens found
Slide 19: Gunman Zinc Project | Nevada, USA
Gunman Zinc Project | Nevada, USA Verified high grade zinc oxides: 43.9 metres @ 14.2% zinc 13.7 metres @ 26.1% zinc and 5.6 ounces of silver
Slide 20: Gunman Zinc Project | Planned 3,000 Meters Drilling Program
Gunman Zinc Project | Nevada, USA 218 453 2,078 line-kilometers of Mobile Metal Ion Ground Gravity helicopter Magnetics (MMI) samples Stations Planned 3,000 meters Drilling Program in 17 holes to investigate: Low Resistivity North Zone Gold MMI Copper Hill Anomaly Geochemistry extensive copper MMI G
Slide 21: Key Investment Highlights
Key Investment Highlights 30-50% Experienced Zinc Team Historically mined high-grade zinc Established geological and mining material expertise in Türkiye Germanium Cash & Silver Generation Additional metal value potential Product sales help offset a portion of operating costs Mining & Four Explorati
Slide 22: Appendix
APPENDIX
Slide 23: Schematic of Carbonate Replacement Deposit
Marble Ag Pb Zn (Cu Au) Skarn Skarn Intrusive Stock (Heat and Fluid Source) Schematic of Carbonate Replacement Deposit- Discovery Outcro p Veins y Mantos: Ag Pb Zn (Au) Mississipian Redwall Manto Moly or Cu Au Porphyry One Km Image Courtesy of Dr. Peter Megaw
Slide 24: Pasinex ESG
Pasinex ESG * Low Environmental Footprint with Underground Mining and Exploration * Infrastructure of Roads, Electricity, and Water in place + Exploration and Operation Permits in place * Good Employee and Community Relations * Good Government Relations and Reputation + International Safety Manageme
Slide 25: Pinargozu
Pinargozu VN Proven Experience in Mining & Exploring Zinc Q ~ Mersin Port Mediterranean Sea
Slide 26: Sarikaya
Sarikaya The Most Important Carbonate-Hosted Zn-Pb District in Turkiye Known High Grade Zinc Mineralization in Sarikaya Project Adit Workings _ Bags (Opened in 2024) SE get Ve \ N er ey : All mining operations in the future are expected to be by we, Sora a =. underground methods reducing the footpri
Slide 27: Underground Drilling | Sarikaya 2200m
Underground Drilling | Sarikaya 3 30 2200m Drill Locations Drill Holes Diamond Drilling Cross Section View
Slide 28: About Pasinex
About Pasinex Pasinex has developed strong operational capabilities across: + Exploration + Employee training + Mining * Community and government relations * Commercial sales * Corporate and operations management * Transportation and logistics * Operations in both Turkiye and Canada + Health and saf
Slide 29: Share Ownership (265M Issued and Outstanding)
Share Ownership (265M Issued and Outstanding) = Management, Board of Directors and Family = High Net Worth Investors ® Public Investors Stock Listings Canadian Stock Exchange (CSE): PSE Frankfurt Stock Exchange (FSE): PNX
Slide 30: Rolling-up step by step
Rolling-up step by step high grade Zinc deposits Turkiye of 30 to 50% Zinc Nevada of 14 to 24% Zinc Zinc critical metal J Pasinex
Slide 31: Horzum AS Revenue & Gross Margin (CAD)
Horzum AS Revenue & Gross Margin (CAD) Cumulative Total for the period 2015 to 2025: $132,511,560 (Horzum Revenue), $71,059,731 (Gross Margin) $ 000,000 35/000, $31,833,371 $30,000,000 $26,029,753 $25,000,000 Peornne,00e $18,014,071 $15,000,000 $14,641,163 $11,658,361 $10,000,000 $8,658,801 $8,721,6
Slide 32: Pinargozu Sales Profile: Zinc Product Tonnes Sold
Pinargozu Sales Profile: Zinc Product Tonnes Sold (Wet) Cumulative Total for the period 2017 to 2025: 119,479 Tonnes Sold (Zinc Oxide), 44,565 Tonnes Sold (Zinc Sulphide) 50/000 47,003 45,850 45,000 40,000 35,000 30,000 27,130 25,000 20,000 25,000 11,248 12,070 10,000 8,620 7,979 = Bm Baw is = 5 33%
Slide 33: Pinargozu Production: Zinc Product Tonnes Mined
Pinargozu Production: Zinc Product Tonnes Mined (Wet) Cumulative Total for the period 2015 to 2025: 211,867 Tonnes Mined 70,000 60,000 57,675 50,000 45,757 40,000 30,000 26,462 20,000 15,029 17,812 12,123 10,608 13,766 10,000 8,061 A 3,601 973 33% 33% 33% 38% 30% 48% = 2015 2016 2017 #2018 2019 «©20
Slide 34: Pinargozu Production: Pounds of Zinc Product Mined
VN Pinargozu Production: Pounds of Zinc Product Mined Cumulative Total for the period 2015 to 2025: 156,137,139 Pounds of Zinc Product Mined 45 40 35 39,400,000 31,016,831 Millions 20 17,610,000 14,230,456 13,877,556 10, i: 741 33% 8,943,280 7,461,046 8,190,186 3,882,091 38% 48% 4T% || 1,048,952 201
Slide 35: Pinargozu Exploration Drilling
Pinargozu Exploration Drilling Cumulative Total for the period 2015 to 2025: 99,245 Exploration Metres 16,000 14,903 14,000 12,000 11,247 11,068 11,590 10,782 10,000 8.675 9,345 8,000 7,088 7,557 6.526 6,000 4,000 2,000 - 76 2015 2016 2017 #2018 2019 «©2020 2021 2022 2023 2024 H12025 @ Underground D
Slide 36: Pinargozu Mine Development
Pinargozu Mine Development Cumulative Total for the period 2015 to 2025: 17,293 Development Metres 4,000 3,500 3,336 3,000 2,740 2,500 2,455 2,000 1,905 1,933 4,743 1,500 1,352 1,000 pia 1,108 500 || | 2015 2016 2017 2018 2019 ©2020 2021 2022 2023 2024 H12025 Values above the bar are the total numbe
Slide 37: Sarikaya
Sarikaya WN High Grade Zinc Project in Kayseri/Tirkiye Yahyali-Develi Region most Important Carbonate-Hosted Region Sarikaya % oy) * 50 Zinc-Lead Occurrences * Traditionally Local Owners Mine at Shallow Depths * Limited Drilling and Modern Exploration Techniques * Sarikaya (Yellow Rock) 40 km East o
Slide 38: Sarikaya
Sarikaya Excellent Infrastructure & Mining Culture Roads and electrical power Sarikaya is located * 40 km East of town of Develi (Kayseri) * 190 km to Mersin Port * 350 km to Capital Ankara * 70 km to Kayseri Airport * gokm to Cappadocia Centerra's Gold Mine is near Develi Substantial Mining Infrast
Slide 39: Sarikaya Budget
Sarikaya VN Budget (for 18 months) US$ Field Costs-Exploration ( Geological Mapping, sampling, accommodation, travel etc.) 250,000 Geophysical Surveys (IP/R & Ground Mag) 100,000 Geochemistry Analytical (Surface Rock & Soil Samples) 50,000 Tenure Payments 100,000 Opening Exploration Adits (Access ro
Slide 40: Gunman: Black Shale & Drill Hole SRDD_2018_04
Gunman WN A Closer Look at Black Shale & Drill Hole SRDD_2018_04 Fine-grained pale d replacive sphalerite Modelled as Carbonate Replacement Deposit Osaic breccia-matrix sphalerite ae%zZine 8.1% Zine 5.7% Zine
Slide 41: Gunman: Summary Highlights of Drill Assay Results
Gunman: Summary Highlights of Drill Assay Results Drill Hole # Core Length Zn Grade % From (m) Mineralization Interval (m) SRDD-2018-001 43.89 14.2 43.28 Oxide in Limestone Including 13.72 26.1 48.77 Oxide in Limestone SRDD-2018-002 0.61 10.8 60.96 Oxide in Limestone SRDD-2018-004 15 43 85.65 Oxides
Slide 42: Zinc
Zinc * 10f 31 Critical Metals needed to transition to a sustainable future (by the WEF & USA Geographical Survey) * Zincis the fourth most used metal on earth * Used in Galvanizing Steel to reduce rusting in applications such as cars, construction materials, die- casting and alloying with copper to
Slide 43: Zinc Current Consumption
Zinc Current Consumption * The consumption of Zinc is about 12 million tonnes per year. * Only about 34% of the consumption is from recycled Zinc because of the dispersed application of Zinc and because of the long-life applications only a portion of the Zinc can be recycled economically and so ther
Slide 44: Zinc Price
Zinc Price ZN $4K $3.5K $3K $2.5K $2K $1.5K $1K
Slide 45: Zinc Demand
Zinc Demand Zinc demand is expected to grow significantly in the coming years. By 2030, consumption is forecasted to increase by nearly 700,000 tonnes annually (3-5% per year). This growth is driven by various factors, including its role in energy transition initiatives, such as batteries, wind powe
Slide 46: Zinc Global Market Report 2025
Zinc Global Market Report 2025 Zinc market sales projected to increase by almost 50% in 5 years. cAGRTS% $31.15 on $28.28 billion billion $41.76 billion 2024 2025 2026 2027 2028 2029
Slide 47: Turkiye
Turkiye Turkiye is a very good jurisdiction for mining with leading edge mining laws, very capable government ministries, very capable geologists, mining engineers, electrical and mechanical capabilities and top-notch lawyers, accountants and administrative and commercial staff and hard-working well
Slide 48: Strength & Security
Strength & Security Pasinex is dual listed on the Canadian Stock Exchange (CSE) as PSE and the Frankfurt Stock Exchange (FSE) as PNX. The company over the past 10 years has developed strong operational capabilities in areas such as Exploration, Mining, Commercial Sales, Transportation, Logistics, He
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