Discovery Mining (DSV) investor relations material

Strategic growth and development plans

• Plans to develop two of Canada's largest open pits within five years, leveraging existing infrastructure and brownfield locations.

• Focus on value creation through exploration, capital investment, operational improvements, and strategic acquisitions.

• Production targets raised to 750,000–1,000,000 oz annually over the next five years, with potential to sustain for decades.

• Acquisition of Glencore's Kidd operations enables new processing capacity and supports expansion at Pamour and Dome.

• Significant exploration success at Pamour, with resources nearly quadrupled and ongoing drilling indicating further upside.

Processing and operational enhancements

• New conventional gold circuit planned at Kidd site to process ores from Borden and TVZ, unlocking value from previously unprocessable deposits.

• Tailings capacity at Kidd to increase from 50 million to over 500 million tons, supporting large-scale operations.

• Processing capacity expected to rise from 3.5 million to 5 million tons per year by end of 2027, with further staged increases through 2031.

• Brownfield development leverages existing workforce, infrastructure, and management systems for efficient scaling.

• Plans to integrate advanced technologies, including AI and smart mills, to optimize operations.

Project pipeline and resource outlook

• Pamour open pit development targets 9,000–12,000 tons per day, with resource estimates around 3.4 million oz and significant expansion potential.

• Dome Century Pit resource exceeds 11 million oz, with further drilling indicating additional growth.

• Cordero project, with 14 million oz silver and strong economics, benefits from tripled silver prices and manageable capital costs.

• Updated feasibility studies and permitting underway for Cordero, with revenues expected to far outpace modest capital increases.

• Additional upside from Borden, Hoyle, Owl Creek, TVZ, and potential at Kidd Creek, which remains largely unexplored for base metals.