Amerigo Resources (ARG) Corporate presentation summary

Strategic positioning and business model

• Operates a long-term copper asset with a sustainable, low-risk business model focused on recovering copper from mining waste, avoiding traditional mining risks.

• Maintains a strategic, multi-decade partnership with Codelco’s El Teniente mine, processing waste from the world’s largest underground copper mine.

• Operations are based in Chile, offering minimal jurisdictional risk and direct leverage to copper prices.

Capital return strategy and shareholder value

• Employs an industry-leading Capital Return Strategy (CRS), prioritizing quarterly and performance dividends, as well as share buybacks.

• CRS has delivered a 521.83% total return (52.49% CAGR over 4.33 years), outperforming copper peers and ETFs.

• Yield on quarterly dividends is 2.6% (as of February 2026), excluding performance dividends.

• Returned Cdn $20.3M to shareholders in 2025 through dividends and buybacks, with a significant reduction in shares outstanding.

Operational performance and financial guidance

• Achieved stable and predictable copper production, with 2024 output at 64.6M lbs and 2025 guidance at 62.2M lbs.

• Cash costs per pound produced have remained competitive, with 2024 at $1.89/lb and 2025 guidance at $1.93/lb.

• EBITDA and FCF for 2026 are highly sensitive to copper prices, with EBITDA ranging from $74.5M to $100.1M and FCF from $34.8M to $59.2M depending on price scenarios.

• Maintains strong operational flexibility, multiple input sources, and a safety-focused culture.