Solaris Resources (SLS) Corporate Presentation summary

Transaction overview and financing

• Secured a US$200 million non-dilutive financing package with Royal Gold, including a gold stream and NSR royalty, with US$100 million available immediately.

• Proceeds will repay the Orion Senior Debt facility and fund derisking activities through to an expected final investment decision at the end of 2026.

• Financing structure aligns with a strategy to maximize shareholder value through non-dilutive, competitively priced capital.

• Royal Gold's significant commitment followed extensive due diligence, validating the project's quality.

• Stream and royalty terms are structured to represent a small fraction of total gold and provide commercial flexibility.

Warintza project highlights

• Warintza is a Tier 1, global-scale copper porphyry deposit in Ecuador, with no attachment to a major mining company.

• Measured and Indicated resources: 1,082 Mt @ 0.48% CuEq; Inferred: 3,135 Mt @ 0.27% CuEq, with high-grade mineralization at surface and low overburden.

• Project benefits from low capital intensity, substantial infrastructure, and a favorable mining jurisdiction with low taxes and royalties.

• Social license secured through agreements with local communities and government endorsements.

• Fully funded to final investment decision via the Royal Gold financing.

Project development and permitting

• Project timeline includes EIA technical approval in mid-2025, MRE update and PFS publication in Q3 2025, exploitation agreement in H1 2026, and construction decision by end of 2026.

• Permitting process in Ecuador is rapid, with strong support from local, provincial, and federal authorities.

• Warintza has received endorsements from government officials and community leaders, highlighting its economic and social benefits.

• Early works and feasibility study are planned following permitting milestones.

• Project execution is supported by a proven management team with extensive experience in Latin America.