Heliostar Metals (HSTR) Corporate presentation summary

Strategic ambition and portfolio

• Long-term ambition: exceed 500koz of annual gold production by 2030; presentation production scenarios show a 300koz target by 2030, with growth dependent on projects and potential additions.

• Portfolio spans operating mines La Colorada and San Agustin, development projects Ana Paula and Cerro del Gallo, and pipeline assets including Goldstrike, San Antonio and Unga.

• Portfolio totals 1.939Moz of probable gold reserves, 7.240Moz of measured and indicated resources, and 1.426Moz of inferred resources.

Operating mines and 2026 guidance

• Consolidated 2026 guidance: 50–55koz gold, 290–320koz silver, cash cost of $1,850–1,950/oz Au and AISC of $2,025–2,125/oz Au.

• Q2 2026 production was 14,803oz; YTD cash costs were $1,630/oz and AISC $2,155/oz, with mine operating earnings of $21.0M after tax.

• La Colorada 2026 gold guidance is 20,000–22,300oz; injection leaching supports production through 2026–27, while Veta Madre ore production is planned from H1 2027.

• San Agustin 2026 gold guidance is 30,000–32,700oz; a 25,000–30,000m oxide drilling program is targeting mine-life extension, including a 12-month extension target.

Ana Paula development

• PEA outlines a 9-year mine life, 874,700oz of gold produced and 101koz annual production after ramp-up; LOM average AISC is $1,011/oz.

• At a $2,400/oz base-case gold price, PEA after-tax NPV is $426M and IRR 28.1%; at $3,800/oz, after-tax NPV is $1,012M and IRR 51.3%.

• Feasibility Study work is underway, with completion targeted for Q2 2027; a mid-2027 construction decision and first gold before end-2028 are targeted.

• Proposed FS work includes initial throughput of 2,000tpd, potential mid-mine-life expansion to 2,500tpd, underground crushing and lower cut-off grades.