Amerigo Resources (ARG) Corporate presentation summary

Strategic positioning and business model

• Operates a long-term copper asset with a sustainable, low-risk business model focused on recovering copper from mining waste, avoiding traditional mining risks.

• Maintains a strategic, multi-decade partnership with Codelco’s El Teniente mine, processing waste from the world’s largest underground copper mine.

• Operations are based in Chile, a leading copper-producing country with minimal jurisdictional risk.

Capital return strategy and shareholder value

• Employs an industry-leading Capital Return Strategy (CRS) that prioritizes quarterly and performance dividends, as well as opportunistic share buybacks.

• CRS has delivered a 561.47% total return (51.09% CAGR) since October 2021, outperforming copper peers and ETFs.

• Yield on quarterly dividends is 2.8% (as of April 30, 2026), excluding performance dividends.

• $39.9M CAD spent on share buybacks since CRS inception, reducing shares outstanding.

Operational performance and financial guidance

• Consistently meets or exceeds copper production guidance, with 2024 production at 64.6M lbs (3.5% over guidance) and 2025 guidance at 62.2M lbs.

• Cash costs per pound produced have remained competitive, with 2024 at $1.89/lb and 2025 guidance at $1.93/lb.

• EBITDA and free cash flow for 2026 are highly sensitive to copper prices, with projected EBITDA ranging from $74.5M to $100.1M and FCF from $34.8M to $59.2M depending on copper price scenarios.

• Maintains strong cash position ($57.2M as of March 31, 2026) and eliminated debt by 2025.