Profile

Solaris is responsibly and sustainably advancing a portfolio of copper and gold projects in the Americas: 

• Focused on Flagship Warintza, Ecuador -
  High-grade, open pit resource within a cluster of outcropping copper porphyry deposits; untested gold potential
• Global Scale Resource -
  909 Mt @ 0.53% CuEq (M&I) and 1,426 Mt @ 0.37% CuEq (Inf), includes 427 Mt @ 0.71% CuEq (M&I) and 177 Mt @ 0.62% CuEq (Inf) with growth potential¹
• Funded for Growth, De-Risking - EIA technical acceptance in H1/25 and PFS in H2/25, district exploration
• Tax & Regulatory Stability-
  Investment Contract to 2041 > Tax and regulatory freeze, international guarantees
• Social License -
  Impact & Benefits Agreement > community consent for project, government endorsed
• Near Term Project Timeline -
  Rare Global Scale project de-risked into structural bull market in 2026
• Differentiated -
  Scale, grade and set within low capital intensity district, De-risked into 2026
• Exploration Programs Designed by David Lowell -
  Assembled portfolio and designed programs led by Ecuadorian protégé, Jorge Fierro, VP, Exploration
• Managed by the Augusta Group -
  Highly-specialized in exploration and development, unrivaled track record of over C$4.5B exits / 12 years

Augusta Group Track Record

Solaris is managed by the Augusta Group, which boasts an exceptional track record of value creation totaling over C$4.5B in exit transactions over the last decade, and has strategic partnerships with the leading entrepreneurs in the mining sector.

Note: Market cap data as at July 19, 2024. The results for Ventana Gold Corp., Augusta Resource Corp., Equinox Gold. and Arizona Mining Inc. are independent of the results of Solaris Resources, Titan Mining and Augusta Gold Corp. and are no guarantee of the future performance. Undue reliance should not be placed thereon past Augusta Company returns when considering an investment in current Augusta Company returns.

Note:

1. See the corresponding technical report entitled “Mineral Resource Estimate Update - NI 43-101 Technical Report, Warintza Project, Ecuador” with an effective date of July 1, 2024 and available on SEDAR+ under the Company’s profile. Measured and Indicated resources of 909 Mt @ 0.53% CuEq (0.37% Cu, 0.02% Mo, 0.05g/t Au) and Inferred resources of 1,426 Mt @ 0.37% CuEq (0.27% Cu, 0.01% Mo, 0.04g/t Au) at a cut-off grade of 0.25% CuEq, includes Measured and Indicated resources of 427 Mt @ 0.71% CuEq (0.52% Cu, 0.03% Mo, 0.06g/t Au) and Inferred resources of 177 Mt @ 0.62% CuEq (0.45% Cu, 0.02% Mo, 0.07g/t Au) at a cut-off grade of 0.50% CuEq. The Mineral Resources estimate is at a base case of 0.25% CuEq cut-off grade and other estimates at varying cut-off grades are included only to demonstrate the sensitivity of the Mineral Resources estimate and are not the QP’s estimate of the Mineral Resources for the property. Copper-equivalent grade calculation for reporting assumes metal prices of US$4.00/lb Cu, US$20.00/lb Mo, and US$1,850/oz Au, and recoveries of 90% Cu, 85% Mo, and 70% Au based on preliminary metallurgical testwork and includes provisions for downstream selling costs. CuEq formula: CuEq (%) = Cu (%) + 5.604 × Mo (%) + 0.623 × Au (g/t).