New Iska Iska Deck

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# New Iska Iska Deck

Source: https://elororesources.com/site/assets/files/6783/aug-27-3-eloro-corporate-deck-september-2026.pdf
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## Content

# New Iska Iska Deck
ISKA ISKA
Giant Silver-tin Polymetallic
Discovery in Bolivia
CORPORATE PRESENTATION | September 2026 TSX ELO | FSE P2Q | OTCQX ELRRF
Cautionary Language
This presentation contains “forward-looking statements” and “forward-looking information” and other risks of the mineral exploration industry as well as those risks discussed in the
within the meaning of applicable Canadian securities laws concerning Eloro Resources Ltd. Company’s Management Discussion and Analysis for the year ended March 31, 2023, in the
(the “Company”) and its plans for its Iska Iska project (the “Iska Iska Project”) and other section entitled “Risk Factors” in the Company’s Annual Information Form dated June 29,
matters. All statements in this presentation, other than statements of historical facts, are 2023 or in the Company’s other filings that are available at www.sedar.com. The forward-
forward-looking statements. Such forward-looking statements and forward-looking information looking statements and forward-looking information contained in this presentation are based
specifically include, but are not limited to, statements and information that relate to the upon assumptions which management believes to be reasonable, including, without
Company’s plans for the Iska Iska Project and the expected timing for its exploration and limitation: no adverse developments in respect of the property or operations at the Iska Iska
other activities. Project and the absence of any other factors that could cause actions, events or results to
differ from those anticipated, estimated or intended. The forward-looking statements and
Forward-looking statements and forward-looking information include statements regarding the forward-looking information are stated as of the date of this presentation (or as otherwise
expectations and beliefs of management. Often, but not always, forward-looking statements indicated). The Company disclaims any intent or obligation to update forward-looking
and forward-looking information can be identified by the use of words such as “plans”, statements or forward-looking information except as required by law. Although the Company
“expects”, “potential”, “is expected”, “anticipated”, “is targeted”, “budgeted”, “scheduled”, has attempted to identify important factors that could cause actual actions, events or results
“estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negatives thereof or to differ materially from those described in forward-looking statements and forward-looking
variations of such words and phrases or statements that certain actions, events or results information, there may be other factors that could cause actions, events or results not to be
“may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking as anticipated, estimated or intended. Should one or more of the risks or uncertainties
statements or forward-looking information should not be read as guarantees of future identified by the Company materialize, should any other risks or uncertainties materialize or
performance and results. They are subject to known and unknown risks, uncertainties and should underlying assumptions prove to be incorrect, actual results and events may vary
other factors that may cause the actual results and events to be materially different from any materially from those described in forward-looking statements and forward-looking
future results, performance or achievements expressed or implied by such forward-looking information. The Company provides no assurance that forward-looking statements and
statements or forward-looking information. Such risks and uncertainties include, without forward-looking information will prove to be accurate, as actual results and future events
limitation, those relating to: the impact of COVID-19 on the business and operations of the could differ materially from those anticipated in such statements or information. Accordingly,
Company; the state of financial markets; history of losses; dilution; adverse events relating to readers should not place undue reliance on forward-looking statements or forward-looking
development; ground conditions; interest rate increases; global economy; price fluctuations information.
for silver and other relevant metals; speculative nature of exploration activities; periodic
interruptions to exploration activities; environmental hazards and liability; industrial accidents; Not an Offer or Solicitation
labour disputes; supply problems; uncertainty of production and cost estimates; interpretation This presentation does not constitute an offer to sell or a solicitation of an offer to buy any
of drill results and the estimation of mineral resources and reserves; changes in project securities in any jurisdiction to any person.
parameters as plans continue to be developed; possible variations in grade of mineralization
or recovery rates from management’s expectations; community actions; title matters; Qualified Person
regulatory approvals and restrictions; increased costs and physical risks relating to climate The technical information and data in this presentation was reviewed by Dr. William Pearson,
change, including extreme weather events, and new or revised regulations relating to climate Executive Vice President, Exploration for the Company, who is a Qualified Person within the
change; permitting and licensing; cyber security risks; volatility of the market price of the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
Company’s securities; insurance; competition; currency fluctuations; loss of key employees;
2
Investment Highlights
Total current resource (inferred)
Advancing the Iska Iska silver–tin
polymetallic project in Potosí, Bolivia 1.25 Billion 358.1 5.75 2.10
incl
Large endowment of critical and oz Ag eq Moz Ag Mt Zn Mt Pb
strategic metals (Ag–Sn–Zn–Pb)
290,000 t Sn 1.21 Moz Au
High-grade Near-surface Indicated Resource Zone
Higher-grade inferred resource zone
85.2 Mt @ 40 g/t Ag,1.21% Zn, 0.71% Pb Key 2026 Catalysts
(Indicated Resource)
Updated Mineral Resource Estimate
Multiple definition drill programs expanding and upgrading incorporating new definition-drilling data
this higher-grade area
Assays to date have delivered high grade intersections Preliminary Economic Assessment (PEA)
especially for Ag and Sn Continued drilling results targeting
April 2026 MRE focused on expanding and upgrading expansion of higher-grade zones and
to 85.17 Mt Indicated of 78.38 g/t Ag Eq and upgrading resources
943.43 Mt Inferred Resources grading 22.04 g/t Ag Eq
*See notes in the Appendix
3
Leverage to Silver Commodity
Ticker Project, Owner Category Silver Oz Grade Ton
$ Value AgEq Ounce
CVE:CKG Metates, Chesapeake Gold Corp. M&I 542 M 12.9 1,302 M
6.96
7 TSE:DSV Cordero, Discovery Silver Corp M&I 493 M 21.0 719 M
TSE:ELO Iska Iska, Eloro Resources Ltd Inferred 248 M 8.5 945 M
6
Lowest $/AgEq ounce CVE:BCM Corani, Bear Creek Mining Corp P&P 229 M 51.3 139 M
among peers – maximizing TSE:NUAG Silver Sand, New Pacific Metals Corp M&I 202 M 116.0 54 M
5 upside to silver ABRA Diablillos, AbraSilver Resource Corp M&I 198 M 59.0 104 M
Carangas (Upper Silver Zone),
TSE:NUAG M&I 171 M 45.0 119 M
New Pacific Metals Corp
4
3.41
CVE:ITR DeLamar, Integra Resources Corp M&I 143 M 18.1 248 M
TSE:VZLA Panuco, Vizsla Silver Corp M&I 128 M 307.0 13 M
3
CVE:APGO Calico, Apollo Silver Corp M&I 125 M 71.0 55 M
TSE:ELO Iska Iska, Eloro Resources Ltd M&I 110 M 40.0 85 M
2
1.29 1.34 TSE:SKE Eskay Creek, Skeena Resources Ltd M&I 103 M 63.0 50 M
0.90 CVE:AAG Berenguela, Aftermath Silver Ltd M&I 101 M 78.0 40 M
1
0.68
0.27 Cerro Las Minitas,
SSV Inferred 83 M 111.0 23 M
Southern Silver Exploration Corp
0
Eloro Aftermath Southern New Pacific Silver Triger Vizsla Silver Abra Silver SVRS San Diego, Silver Storm Mining Ltd Inferred 82 M 61.0 42 M
Silver
Eloro TSE:VZLA Panuco, Vizsla Silver Corp Inferred 74 M 219.0 11 M
Source: CIBC Source: Mining Visuals
4
2025: Fifth Consecutive Year of Silver Supply Deficit
Tightening supply, Eloro is uniquely positioned to
rising demand – a strong benefit through scale, grade
setup for silver and exploration upside
百分之六十五 (LIKE THIS)
5
Capital Structure and Ownership
TSX: ELO | Frankfurt P2Q (WKNA1JKAT) | OTCQX: ELRRF
17%
Shares Issued and Outstanding 119.67M Insiders
Warrants ($1.00 to $2.60 on exercise) 10.82M
2%
Options and Restricted Share Units (RSUs) and Cartier Silver
9.72M
Deferred Share Units (DSUs) 49% Corporation
Property Acquisition (Mina Casiterita, Mina Hoyada) 0.20M Implied
Retail
Fully Diluted 140.41M
Share Price (August 25, 2026) C$2.12
Market Share Capitalization (August 25, 2026) C$254M 32%
Debt Nil Institutional
Analyst Coverage
TSX CANTOR FITZGERALD HAYWOOD SECURITIES
ELO Matthew O’Keefe Pierre Vaillancourt
matthew.o’keefe@cantor.com pvaillancourt@haywood.com
SPHENE CAPITAL RED CLOUD SECURITIES
Peter Thilo Hasler Ron Stewart
peter-thilo.hasler@sphene-capital.de rstewart@redcloudsecurities.com
6
Experienced Leadership
Management Team Board of Directors Technical Advisors
THOMAS LARSEN B.A. THOMAS LARSEN B.A. RICHARD STONE C.I.M. BILL PEARSON Ph.D., P.Geo.
Chairman and CEO Chairman and CEO Senior Technical Advisor
PABLO ORDONEZ
MILES NAGAMATSU C.P.A., C.A. ALEXANDER HORVATH P.Eng Attorney at Law QUINTON HENNIGH Ph.D.,
Chief Financial Officer Lead Director P.Geo.Geology / Geochemistry
CAROLINE CATHCART Geologic and Technical Advisor to Crescat Capital, a
OSVALDO ARCE Ph.D., P.Geo. FRANCIS SAUVE Director Strategic Shareholder
Executive V.P. Exploration and Latin American
Operations DUSAN BERKA P.Eng. MIKE HALLEWELL BSc. F.I.M.M.M., F.S.A.I.M.M.,
F.M.E.S., C.Eng.
CHRIS HOLDEN CFA Metallurgy Engineer
Senior V.P., Corporate Development
COLIN BELSHAW B.A.
JORGE ESTEPA B.A. Corporate Advisory Board Mining Engineer
V.P., Secretary-Treasurer
BRENT WICHENKO PETER MARRONE DOUG BACHE B.Math
VP Investor Relations and Former Executive Chairman Corporate Advisor
Capital Markets Yamana Gold Inc.
TOM LADNER J.D.
Independent Technical
Senior Corporate Advisor
JIMENA MORAN B.A. Securities Lawyer
V.P., Marketing, Logistics & Executive Assistant RICHARD GOWANS P.Eng.
Principal Metallurgist,
Micon International Ltd.
Direct South American Affairs KEN ROBILLIARD AusIMM
Pyrometallurgist
LUC PIGEON P.Geo. ANA MORAN Attorney at Law HARRY BURGESS P.Eng.
General Manager, Manager Environmental & Social Mining Engineer
Compañía Minera Eloro Peru S.A.C. Governance – Bolivia
7
Bolivia, a Prolific Mining Country
Iska Iska is in the SW part of the
Eastern Cordillera which hosts
several giant deposits of gold, silver,
iron ore, zinc, tin, lead and lithium
Cerro Rico de Potosí is the world’s
largest silver deposit still producing
today even after 2.1 billion ounces
mined since 1545
Bolivian tin belt is one of the largest
tin metallogenic belts worldwide
accounting for 6% of global tin
production, 5% of silver, 4% of zinc,
and 2% of tungsten (USGS 2024)
8
Bolivian Infrastructure
Easy access to Northern Chilean
seaports
Iska Iska project close to established
domestic paved road and rail
transportation routes
Two projected rail spur lines and
road access for connection to main rail
transportation routes to the Northern
Chilean ports and to 2 Bolivian
smelters, Vinto and OMSA
Property is close to high
voltage power
48 km to Tupiza, a mining community
9
Developing tin in the Americas
Bolivia remains
significantly underexplored
and offers opportunities to
find Tier 1 assets
Historically a key supplier
of tin to the USA, Bolivia
continues to play a major role
in global tin markets.
The country has major
opportunities in deeper
porphyry-style tin systems
and polymetallic deposits
10
Strong Environmenta

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