Heliostar Metals (HSTR) Corporate Presentation summary

Strategic vision and growth targets

• Aims to become a mid-tier gold producer, targeting over 500,000 ounces of gold per year by 2030 through organic growth and asset development.

• Focuses on building mines in the 100,000–250,000 oz/year range, a segment overlooked by major mining companies.

• Portfolio includes 100% owned producing mines and growth projects in Mexico and Alaska, with a strong pipeline of development and exploration assets.

Asset portfolio and project pipeline

• La Colorada Mine restarted in January 2025, with a six-year mine life and average production of 50,000 oz/year; updated technical report in Q3 2025.

• San Agustin Mine scheduled for restart in Q4 2025, with permits received for pit expansion and leach pad; oxide and sulphide exploration ongoing.

• Ana Paula Project advancing through feasibility, targeting underground production in 2028, with a minimum 15,000m drill program underway.

• Cerro del Gallo Project targets 80,000–100,000 oz/year, with a pre-feasibility study expected in Q4 2025.

• San Antonio Project PEA shows $715M NPV5, 59% IRR, and $131M CAPEX at $2,600/oz gold, with 1.1 Moz production over 13 years.

Production, reserves, and resources

• 2025 consolidated production guidance: 76,500–94,500 GEOs, with La Colorada and San Agustin as key contributors.

• Total probable reserves: 444 koz gold, 8,936 koz silver; measured and indicated resources: 3.2 Moz gold; inferred resources: 1.0 Moz gold.

• La Colorada Mine: 376k oz gold probable reserve at 0.68 g/t; San Agustin: 68k oz gold probable reserve at 0.29 g/t.

• Ana Paula resource: 710,920 oz gold (measured & indicated), 447,512 oz gold (inferred) at high grades; current drilling targets 10-year mine life.