Solaris Resources (SLS) Corporate presentation summary

Investment highlights

• Warintza project confirmed as Tier 1 with multi-decade mine life and first quartile costs, driving significant EBITDA and free cash flow generation.

• District-scale potential with no attachment to a major, offering strategic flexibility and growth opportunities.

• Fully funded to complete feasibility study with a US$200 million financing package secured in May 2025.

• Social license to operate established through Impact & Benefits Agreements and government endorsements.

• Operates in a favorable mining jurisdiction with stable fiscal regime and USD-denominated economy.

Project economics and scale

• 312% increase in measured and indicated mineral resources compared to 2024, with reserves supporting a 22-year operation.

• Average annual copper equivalent production of 304kt (Y1-5) and 242kt (Y1-15), with potential to extend mine life by 25-30 years.

• First quartile all-in sustaining costs (AISC) at $0.85/lb (Y1-5) and $1.07/lb (Y1-15).

• Post-tax NPV (8%) of $4.6bn and IRR of 26%, with a payback period of 2.6 years.

• Annual EBITDA of $1.9bn (Y1-5) and $1.4bn (Y1-15); post-tax FCF of $1.3bn (Y1-5) and $1.0bn (Y1-15).

Resource base and production profile

• Total reserves: 1,300 Mt at 0.41% CuEq, supporting 5,294 kt contained CuEq.

• Measured and indicated resources: 3,746 Mt at 0.32% CuEq, totaling 11,820 kt contained CuEq.

• Inferred resources: 2,092 Mt at 0.20% CuEq, totaling 4,276 kt contained CuEq.

• Only 10 of the top 30 greenfield projects globally have similar scale without major company attachment.