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Investor Presentaiton

. Oropesa Tin Project, Spain Maiden Zinc Mineral Resource Estimate OROPESA 2023 MINERAL RESOURCE ESTIMATE - Zinc (0.05% Zn cut-off) Resource Classification Zn% Resource Tonnes Contained Zinc Metal (tonnes) Measured 0.37 8,664,418 31,670 Indicated 0.39 14,052,877 54,356 Subtotal: Measured & Indicated 0.38 22,717,295 86,026 Inferred 1.32 1,028,073 13,545 Total 0.42 23,745,368 99,571 2023 Oropesa Mineral Resource Estimate for Zinc at a 0.05% Zn cut-off (JORC 2012) A by-product flow sheet recovering and producing a saleable zinc concentrate (~45%Zn) from a head grade of ~0.5%Zn has been developed Ore sorting test work at TOMRA laboratories also confirms an average +28% upgrade of zinc ore feed grades when processed with cassiterite. 4,243.500m 4,243,000mN . • The zinc is highly correlated with tin mineralisation, resulting in the zinc conceptually being mined, crushed, ore-sorted, ground at no additional cost to a tin ore only operation. By-product flow sheet recovers zinc metal from material which would otherwise be sent to the tailings dam, proving strong environmental stewardship, responsible mining practices and likely economic benefits. The incremental capital and operating costs associated with producing zinc are likely to be relatively minor compared to overall project development costs, creating a strong economic basis for further zinc by-product assessment. ELEMENTOS Oropesa block model resource for zinc Legend Zn% <0.05 0.05 0.1 0.1 -0.3 0.3-0.4 0.4 0.5 0.5 -1.0 1.0-2.0 >2.0 4,243,000mM 50 0 50 100 150 200 TOMORROW'S TIN 14
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