Galiano Gold (GAU) investor relations material

Established operating platform

• Asanko Gold Mine spans ~476 km², with 5.8 Mtpa processing capacity, 2.0 Moz of reserves and 3.4 Moz of M&I resources at 1.33 g/t.

• 2026 production guidance is 140–160 koz and AISC guidance is US$2,300–US$2,600/oz; 2025 production was 121 koz.

• At Sept. 30, 2026, cash and restricted cash totaled US$112.7M, the US$75M revolving credit facility was undrawn, and the balance sheet was debt-free.

• Market capitalization was ~US$654M as of Nov. 6, 2026; 262.1M shares were outstanding and institutional ownership was ~76% as of Sept. 30, 2026.

2026 execution and operating momentum

• Q3 production was 40.9 koz, up 19% QoQ; YTD production reached 110.1 koz, tracking toward the midpoint of full-year guidance.

• Q3 operating cash flow was US$57M; the hedge book rolls off in Q4 2026.

• Q3 had zero LTIs or TRIs across 13.4M hours worked.

• Nkran Cut 3 waste mined reached 8.5 Mt in Q3, up 40% QoQ; Abirem and Miradani mining leases were extended to 2041 and 2043, respectively.

Growth projects and production outlook

• 2026 investment and Nkran development are positioned to support a 2027 production step-up, lower AISC and cash flow inflection, with higher-grade Abore ore contributing.

• Production potential is 200 koz+ annually from 2029 onward, supported by higher-grade Nkran ore from Cut 3; the long-term profile is illustrative, not guidance.

• Esaase conversion drilling is complete at 32,918 m; resource modelling is underway, with updated resource and reserve estimates expected in Q1 2027.

• Abore drilling extended ore shoots and identified ~200 m of strong mineralization between the Main pit ore shoot and saddle zone; adit approvals were received and contractor selection commenced.

• Nkran deep drilling confirms mineralization approximately 650 m below the open pit, with further exploration potential between the pit and deeper intercepts.