Serabi Gold (SRB) Investor presentation summary

Strategic positioning and growth plans

• Operating in Brazil's Tapajós region, with a >20-year track record and stable 30-40koz annual gold production, aiming to exceed 53koz by 2026 through the Coringa mine ramp-up.

• Three-phased strategy targets over 100koz annual production, with brownfield exploration to double consolidated resources and expand processing capacity to 900tpd by late 2026.

• Strong balance sheet with $65.7m cash and no debt as of June 2026, supporting robust, organically funded growth.

• Tapajós province offers significant exploration upside, with brownfield and greenfield targets and infrastructure improvements enabling cost-effective ore transport.

Operational performance and assets

• Palito Complex delivers consistent production, with 2026 guidance of >53koz and resources of 427koz M&I at 9.3g/t Au.

• Coringa mine acquired for $22m, transitioning to longhole stoping in 2026, with updated resources of 304koz M&I at 8.9g/t Au and 495koz inferred.

• Ore sorting technology at both mines increases feed grades, reduces transport costs, and minimizes tailings, with Coringa achieving >98% recovery post-sorting.

• Coringa mine's 2024 PEA projects 11-year mine life, $965/oz cash costs, and post-tax NPV (5%) of $184m.

Exploration and resource growth

• Brownfield drilling at Palito and Coringa in 2025-2026 aims to double consolidated resources, with 2025 drilling alone adding ~400koz.

• Palito mine's resource replenishment history continues, with multiple high-grade intercepts and open extensions along an 8km trend.

• Coringa brownfield exploration reveals significant resource growth potential, with high-grade drill results and large untested trends.

• Greenfield targets at Palito Complex include São Domingos (notable for a 7.15m @ 258g/t Au intercept) and Matilda (porphyry Cu-Au potential, 81Mt @ 0.28% Cu estimated).