Cygnus Metals (CY5) Beaver Creek Precious Metals Summit presentation summary

Project portfolio and resource highlights

• Focus on high-grade copper-gold and lithium projects in Quebec, including the Chibougamau Copper-Gold Project and James Bay Lithium Projects.

• Chibougamau hosts measured and indicated resources of 3.6Mt at 3.0% CuEq and inferred resources of 7.2Mt at 3.8% CuEq, among the highest grades on the ASX.

• Pontax Central lithium project holds an inferred resource of 10.1Mt at 1.04% Li₂O, with additional resources reported under NI 43-101.

• Chibougamau district has historic production of 945,000t copper and 3.5Moz gold from 53.5Mt at 3.4% CuEq.

• Multiple new high-grade gold and copper intersections reported, with resource upgrades imminent at key deposits.

Growth strategy and exploration

• Active drilling with two rigs on site, targeting resource extensions and brownfield exploration.

• Modern exploration techniques, including geophysics and downhole EM, are being deployed to identify new targets.

• Significant potential for resource growth, especially at Golden Eye and Corner Bay, with new high-grade discoveries outside current resources.

• Consolidation of 282km² landholding and merger with Doré Copper enhances growth platform.

• Ongoing compilation of historic data and minimal prior modern exploration provide upside.

Infrastructure and development

• Existing 900ktpa processing facility, tailings storage, and site infrastructure valued at over C$150M, reducing restart capital intensity.

• Access to regional infrastructure: airport, rail, highways, and hydro power.

• Funding secured, including C$1.3M from Canada’s Critical Minerals Infrastructure Fund for pre-construction milestones.

• Positive metallurgical results at Corner Bay with copper recoveries up to 98.2% and concentrate grades up to 29.6%.

• Feasibility study led by Ausenco and strong relationships with local First Nations.