Cygnus Metals (CY5) RIU Explorers presentation summary

Project portfolio and resource highlights

• Focus on high-grade copper-gold at Chibougamau in Quebec, with M&I resources of 3.6Mt at 3.0% CuEq and inferred resources of 7.2Mt at 3.8% CuEq, among the highest on the ASX.

• Pontax Central lithium project hosts an inferred resource of 10.1Mt at 1.04% Li₂O, with additional spodumene discoveries in James Bay.

• Chibougamau district has produced 945,000t copper and 3.5Moz gold historically, with 16 historic mines over 18km of strike.

• Corner Bay is the flagship asset, with indicated resources of 2.7Mt at 2.9% CuEq and inferred resources of 5.9Mt at 3.6% CuEq.

• Significant exploration potential remains, with all deposits open at depth and near-surface opportunities identified.

Infrastructure and development

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

• Regional infrastructure includes airport, railway, highways, and hydro power, with the site located 10km from Chibougamau town.

• Only base metals processing infrastructure within 250km, providing strategic advantage for regional consolidation.

• Positive flotation tests at Corner Bay show copper recoveries of 98.2% and 96.8%, with concentrate grades of 27.0% and 29.6%.

• C$1.3M funding approved from Canada's Critical Minerals Infrastructure Fund to advance pre-construction milestones.

Exploration and growth strategy

• Two drill rigs on site targeting resource extensions and brownfield exploration, supported by modern geophysics.

• Data compilation underway, with only 5% of historic data digitized and over 100,000 scanned images.

• Near-surface and depth extension drilling prioritized, with significant high-grade intersections outside current resources.

• Multi-pronged growth pathway includes resource drilling, brownfield exploration, and advancing development studies.

• High news flow expected through 2025–2026 as exploration and development progress.