Pampa Metals Corporation

COPPER AND GOLD IN CHILE

ADVANCING THE BUENAVISTA COPPER TARGET

STRIVING FOR DISCOVERY IN ONE OF THE WORLD’S

PREMIER MINING JURISDICTIONS

Investor Summary
July 2022
CSE: PM
Pampa Metals Corporation (the “Company”) – Disclaimer

Certain statements contained in this presentation constitute “forward-looking statements” within the meaning of applicable Canadian securities
legislation. Such forward-looking statements herein may include but are not limited to: interpretations of exploration results; strategic plans and
expectations for the development of the Company’s properties; costs, financial information including budgets, metal price assumptions, cash
flow forecasts, internal rate of return, projected capital and operating costs; technical results and assumptions including metal recoveries, mine
life and production rates; and intended use of proceeds.

Such forward-looking statements and related information are based on a number of assumptions which may prove to be incorrect. Assumptions
have been made regarding, among other things: conditions in general economic and financial markets; availability to realize historical technical
data and develop and finance the projects; accuracy of the interpretations and assumptions used; availability of mining or exploration equipment;
availability of skilled labour; timing and amount of capital expenditures; laboratory and other related services are available and perform as
contracted; effects of regulation by governmental agencies; and delays caused by the Covid-19 pandemic and any related local or international
protocols and travel restrictions.

The actual results could differ materially from those anticipated in these forward-looking statements as a result of the risk factors set forth below
and elsewhere in this presentation. Risk factors may include, but are not limited to: the availability of funds; the timing and content of work
programs; results of exploration activities and the development of mineral properties; the interpretations of exploration results including drilling
data; the uncertainties of resource estimations; project cost overruns or unanticipated costs and expenses; uncertainty as to actual capital costs,
operating costs, production and economic returns; and uncertainty that development will result in a profitable mining operation at any of the
Company’s projects; reliance on historical NI43-101 technical report/s; fluctuations in commodity prices and currency exchange rates; political
and economic risks; and general market and industry conditions.

Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made.
The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be
imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date
the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this
presentation if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.
Certain information in this presentation has been provided to the Company by third parties. Pampa Metals Corporation shall not be deemed to
make or have made any representation or warranty as to the accuracy or completeness of any such information furnished hereunder.

No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented.

The reader is cautioned that when reference to any mineral deposit or historic or existing mining district is made in this presentation, this is to
help place the properties into geologic context and is for reference purposes only. There is no evidence to date that similar mineral resources
occur on Pampa Metals’ properties.

QUALIFIED PERSON. Technical information in this Investor Summary has been approved by Mario Orrego G, Geologist and a Registered Member
of the Chilean Mining Commission and a Qualified Person as defined by National Instrument 43-101. Mr. Orrego is a consultant to the Company.

Pampa Metals Corporation 2

Pampa Metals – A Clear Vision & Mission

Discovery is Pampa Metals’ Objective

❖ Projects: 100% interest in 8 exploration projects (60,000 Ha) in Chile

❖ Located: Along trend from major producing copper mines

❖ Potential: Highly competitive and prospective greenfield land position

❖ Unique: For a junior company in Chile

Our Vision Our Mission

To create value for shareholders and all To realize our vision by leveraging an
other stakeholders by making a major outstanding exploration property
copper and/or associated gold discovery portfolio and highly experienced
along the prime mineral belts of Chile management team

Pampa Metals Corporation 3

Pampa Metals – Snapshot

Pampa Metals – Snapshot

❖ Copper: One of the greatest growth profiles and demand / supply metrics

❖ Gold – one of most attractive high-value metals

❖ Chile: Elephant country for major economic copper deposits

❖ People: Highly experienced team with execution ability & track record

❖ Projects: Portfolio breadth & depth – 8 projects along proven mineral belts of Chile

❖ Advancing the Buenavista copper target at Block 4

❖ 2 projects subject to 3rd-party expenditures via JV agreement

❖ Innovation: Agreement with technology company – VerAI Discoveries

❖ Application of Artificial Intelligence to prospect generation

Pampa Metals Corporation 4
Pampa Metals – Board & Management – Track Record

A. Paul Gill Adrian Manger, CPA Timothy Beale, M.Sc. Gurdeep Bains, CPA, CA
President & CEO & Director Non-Executive Chairman & Director COO & Director CFO & Corporate Secretary

Principals of Pampa Metals bring ….

❖ Big-company executive experience (BHP, Rio Tinto, Anglo American)
Ioannis (Yannis) Tsitos, M.Sc.
❖ Successful monetization of junior exploration companies Director

❖ Impeccable knowledge of Cu Porphyries

❖ Multiple decades of experience in Latin America & Chile

❖ Execution ability

❖ Knowledgeable with capital markets, deep network Julian Bavin, M.Sc.

Non-Executive Director

Pampa Metals Corporation 5

Strong Metals Prices

Copper – on a roll
❖ Gold approaching record highs

Green Super Cycle ??

Source: US Federal Reserve. Roskill. Mining.com

Pampa Metals Corporation 6

Copper – Supply Crunch – Chile is Key

Copper – Supply Crunch – Chile is Key

❖ Copper supply is challenged by a lack of new projects and increasing demand

Top 10 Copper Producing Countries – 2021 (K-tonnes Cu) Top 10 Copper Producing Companies – 2021
Chile: > 26% of Global Production
Chile: 3 of World’s Top 5 Copper Mining Districts
Company Attributable Ranking Operating
Copper Mine(s) in
Production 2021 Chile
(K-tonnes)

Codelco 1,728 1 Yes

Freeport McM’ 1,407 2 Yes

Glencore 1,196 3 Yes

BHP 1,022 4 Yes

Southern Copper 958 5 -

First Quantum 816 6 -

KGHM 754 7 Yes

Rio Tinto 494 8 Yes

Antofagasta Min’ 464 9 Yes

Anglo American 463 10 Yes

Source: Kitco News (February 2022) Source: Kitco News (April 2022)

Pampa Metals Corporation 7

Pampa Metals – Share Structure & Cash

Pampa Metals Shares

Pampa Metals - Issued & Outstanding 49,272,959

Warrants 11,975,086

Stock Options 3,600,000

Fully Diluted 64,848,045

Large Shareholders Shares %

Austral Gold Ltd (ex-Revelo shareholding) 5,926,264 12.0

Board & Management 5,383,240 10.9

A Total of 12.7M Shares of the Company are Subject to a 36-month Escrow

From December 2020

Cash (March 31, 2022) CAD$ 1.09 million

Pampa Metals Corporation 8

Pampa Metals – Block 4

Pampa Metals – Project Locations

Pampa Metals Corporation 9

Chile – Highly Productive Mineral Belts
Pampa Metals
Principal Mineral Belts
of Northern Chile

Chile – Mineral Belts

❖ Northern Chile is geologically divided into 4 north-south
coastal-parallel mineral belts

❖ High-Cordillera Miocene mineral belt

❖ Domeyko Mid-Tertiary mineral belt
❖ Central Paleocene mineral belt
❖ Coastal Mesozoic mineral belt

❖ Porphyry Copper production dominates the Domeyko and

Central Paleocene belts – most important copper
producing area in the world

❖ Pampa Metals’ projects are located along these belts

❖ Au-Ag production from epithermal deposits

❖ Mo and Au-Ag by-products from some porphyry deposits

Pampa Metals Corporation 10

Pampa Metals – Projects
Pampa Metals
Principal Mineral Belts
of Northern Chile

Pampa Metals – Projects

❖ Pampa Metals owns 100% of 8 Projects

❖ 60,000 Hectares – Significant Unique Property Holding

Co Blanco Arrieros
❖ Located in the heart of N Chile’s copper belts
Block 2

❖ Desert terrain, easy to moderate access

Co Buenos Aires Redondo-Veronica

❖ Portfolio approach – large properties – multiple targets Block 3

❖ Arrieros 8,100 Ha
Block 4
❖ Block 2 3,300 Ha
❖ Redondo-Veronica 6,600 Ha
❖ Block 3 10,100 Ha
Morros Blancos
❖ Block 4 6,800 Ha
❖ Cerro Buenos Aires 7,600 Ha
❖ Cerro Blanco 7,200 Ha
❖ Morros Blancos 9,600 Ha

Pampa Metals Corporation 11

Pampa Metals – Progress
Pampa Metals
Principal Mineral Belts
of Northern Chile

Pampa Metals – Progress

❖ Detailed geological mapping – 6 projects

❖ Geophysical surveys – 5 projects (magnetics and/or IP)

Co Blanco Arrieros
❖ Drill testing (2021)
Block 2

❖ Co Buenos Aires – 1 target – follow-up required

Co Buenos Aires Redondo-Veronica

❖ Redondo-Veronica – 3 targets – follow-up required Block 3

❖ Discovery of Buenavista target at Block 4 Block 4

❖ Option & JV Agreement with Austral Gold – 2 projects

❖ Morros Blancos & Cerro Blanco Morros Blancos

❖ Innovation Agreement with VerAI Discoveries

❖ Giving Pampa Metals access to 8 additional projects

Pampa Metals Corporation 12

Pampa Metals – Plans
Pampa Metals
Principal Mineral Belts
of Northern Chile

Pampa Metals – Plans

❖ Block 4 – Buenavista target

❖ New porphyry copper target – at surface

❖ Geology, geophysics & trenching completed

❖ Soil survey underway

Co Buenos Aires Redondo-Veronica

❖ Drilling – planned for Q4 2022

❖ Cerro Buenos Aires – Cerro Chiquitin target Block 4

❖ Drilling – follow-up planned for later 2022

❖ Redondo Veronica – Co Redondo Norte & Redondo SW

❖ Drilling – follow-up planned for later 2022

❖ Block 3, Arrieros, Block 2 – further target definition

Pampa Metals Corporation 13

Pampa Metals – JV Leverage
Pampa Metals
Principal Mineral Belts
of Northern Chile

Pampa Metals – JV Leverage

❖ Definitive Agreement signed with Austral Gold Ltd. (TSX-
V: AGLD / ASX: AGD) – Option & JV Agreement

❖ 2 Projects: Morros Blancos & Cerro Blanco Co Blanco

❖ Allowing Austral to earn up to an 80% interest in Cerro

Blanco & Morros Blancos (by completing a BFS)

❖ Focus on gold – high-level “lithocaps”

❖ Back-in for Pampa Metals if copper is dominant

❖ Austral Gold is a gold-silver producing company

Morros Blancos
❖ 2 mines & processing plant in northern Chile

❖ Work started in August 2021

❖ Follow-up drilling at Morros Blancos in 2022

Pampa Metals Corporation 14
Pampa Metals – Innovation – Artificial Intelligence
Pampa Metals
Principal Mineral Belts
of Northern Chile

Pampa Metals – Innovation

❖ Definitive Agreement signed with VerAI Discoveries

❖ VerAI uses AI algorithms to generate targets from

regional magnetics data

❖ 8 additional projects / 18,000 Ha – optioned to PM

Copao

❖ Located in similar areas to PM Projects Verbena

Acadia

Valeriana
❖ Mostly along Paleocene Belt Azara

Ambrosia
❖ 1 project in Coastal Belt
Salvia

❖ Desert terrain, easy to moderate access Pozoa

❖ Targets with LS epithermal, HS epithermal, porphyry &

IOCG characteristics

❖ Fieldwork follow-up started (March 2022)

Pampa Metals Corporation 15
The Investment Opportunity

Pampa Metals
❖ Focused on copper and gold
❖ Most attractive, in demand, high-value metals
❖ Chile – the world’s prime copper producing nation
❖ No other country compares – Elephant Country
❖ Highly competitive and prospective greenfield land position
❖ Unique for a junior company in Chile
❖ Buenavista target discovery at Block 4 – drilling Q4 2022
❖ Significant pipeline of projects and targets – including drill targets
❖ 2 projects subject to 3rd party spending via Option/JV
❖ Innovative option over 8 AI-generated projects owned by VerAI Discoveries
❖ Highly experienced and qualified management and board
❖ Execution ability – focused on value add monetization
Pampa Metals Corporation 16
Pampa Metals – Projects & Exploration

Pampa Metals – Projects & Exploration

Technical Highlights Appendix

Principals have led or been involved in Discovery Teams or been involved in the Advancement of Metal Resources now at Feasibility or in Production

Pampa Metals Corporation 17

 Pampa Metals – Exploration Model
Possible Supergene
Enrichment
Obscured or buried porphyry
copper systems E.g. Block 3; Block 4
JV Partner
E.g. Arrieros; Block 3; Block 4
focused on
gold-silver in
high-level
“lithocap”

E.g. Morros
Blancos; Co
Blanco

Deep Porphyry
Potential

E.g. Co
Deep Porphyry Potential Buenos Aires

E.g. Redondo-Veronica
Vertical Scale
in meters

Simplified Schematic Model Compiled from Multiple Sources

Pampa Metals is exploring for hidden / buried / obscured porphyry copper and related gold systems
through a combination of geology, geophysics and geochemistry – with targeted drilling
18
Pampa Metals – Block 4

Pampa Metals – Block 4

Buenavista Target

Pampa Metals Corporation 19

Pampa Metals – Block 4

• Dacite porphyry with quartz-veinlet stockwork

• Highly anomalous molybdenum geochemistry
Buenavista • Coincident with discrete magnetic high

New Discovery
• Copper-oxides in trenches
• Gold-silver (As-Sb) anomalies

Pampa Metals Corporation 20

 Block 4 – Summary Geology

2 Km
Block 4 – Buenavista
❖ Large property – 6,800 Ha – centered 110 Km S of
giant La Escondida-Zaldivar copper mining complex

❖ Extensive post-mineral covered “pampa” to N and E

❖ Small topographic feature in center with subtle sub-

crops of a dacite porphyry with intense porphyry-
style quartz-veinlet stockwork

❖ Buenavista Target – New discovery

❖ Cu-oxides & breccia around the periphery

Buenavista Target
Subtle outcrops of Dacite Porphyry ❖ Historic drilling (unknown provenance) to N and W
with Area of Quartz-Vein Stockwork
❖ Exploration completed by Pampa Metals

❖ Geology & magnetics program (October 2021)

❖ Trenching program (February 2022)

❖ IP geophysics program (June 2022)

Pampa Metals Corporation 21
 Block 4 – Ground Magnetics

2 Km
Block 4 – Buenavista
❖ Newly discovered dacite porphyry with intense
porphyry-style quartz-veinlet stockwork

❖ Associated with discrete magnetic high

❖ Multiple porphyry-style veinlet events –

including “A”-veins

Buenavista Target
Magnetic Anomaly Coincident with
Porphyry & Area of Quartz-Vein Stockwork

Analytic
Signal Shown

Pampa Metals Corporation 22

Block 4 – Trenching & Geology Detail

500 m
Block 4 – Buenavista
❖ Trenching at Buenavista returned:

❖ Up to 0.26% copper, including 24m @ 0.14% Cu

❖ Up to 0.64g/t gold, including 24m @ 0.25g/t Au

❖ Highly anomalous molybdenum values up to 45ppm

❖ Located exclusively with multiple porphyry

Section Line
style quartz veinlet events in dacite porphyry,
directly above magnetic anomaly

❖ Highly anomalous geochemical values suggest

Buenavista porphyry system is fertile

❖ High level of hydrothermal preservation

❖ Surface oxidation and leaching of sulphide minerals

is intense – but pitch limonite after chalcopyrite
identified at surface
Pampa Metals Corporation 23
 Block 4 – Ground Magnetics – Buenavista & Other Targets

Other magnetic
anomalies of interest
under pampa cover

Block 4
❖ Magnetic targets of interest under post-mineral
cover

❖ MVI @ 500m shown

❖ Other magnetic highs, with surrounding magnetic

lows, of potential interest

❖ Similar characteristics to Buenavista magnetic

signature

❖ Completely obscured by post-mineral gravels

Buenavista Target
Magnetic Anomaly Coincident with and ignimbrites
Porphyry & Area of Quartz-Vein Stockwork

Pampa Metals Corporation 24

 Block 4 – IP Chargeability – Buenavista & Other Targets

Other magnetic
anomalies of interest
under pampa cover

Block 4
❖ IP (pole-dipole) – wide spaced lines

❖ HS chargeability response shown

❖ Confirms strong response from Buenavista target

❖ Strong chargeable response repeated on 2

lines centered on the Buenavista target

❖ Although surface leaching is intense,

chargeability response suggests sulphides are
present at shallow depths (< 100m to 200m)
Buenavista Target
Magnetic Anomaly Coincident with ❖ Other chargeable anomalies under post-mineral
Porphyry & Area of Quartz-Vein Stockwork
cover

❖ Spatially associated with other magnetic

anomalies

❖ Possibly represent Buenavista “look-alikes”

Pampa Metals Corporation 25
 Block 4 – IP Chargeability – Buenavista & Other Targets

Other magnetic
anomalies of interest
under pampa cover

Block 4
❖ IP (pole-dipole) – wide spaced lines

❖ HS chargeability response on geology shown

❖ Confirms strong response from Buenavista target

❖ Strong chargeable response repeated on 2

lines centered on the Buenavista target

❖ Although surface leaching is intense,

chargeability response suggests sulphides are
present at shallow depths (< 100m to 200m)
Buenavista Target
Magnetic Anomaly Coincident with ❖ Other chargeable anomalies under post-mineral
Porphyry & Area of Quartz-Vein Stockwork
cover

❖ Spatially associated with other magnetic

anomalies

❖ Possibly represent Buenavista “look-alikes”

Pampa Metals Corporation 26
Block 4 – Schematic Map

Block 4 & Buenavista

❖ Schematic Summary Map – Buenavista Target:
2 Km
❖ Discrete magnetic high & IP Chargeability
❖ Dacite porphyry with quartz-veinlet stockwork
❖ Multiple veinlet events with Mo anomalies
❖ Evidence for fragmental rocks (diatreme?)
❖ Peripheral Cu-Oxides to west and to north
❖ In-situ oxidation of cpy (pitch limonite)
Section Line
❖ Coarse quartz veinlets
❖ Au-Ag-As-Sb signature to south and west
❖ Possible epithermal overprint
❖ Soil survey underway (June-July 2022)
❖ Other magnetic anomalies under cover to east and
north of potential interest
❖ Some with coincident IP chargeability
❖ Drilling plans for Q4 2022
Pampa Metals Corporation 27
Block 4 – Schematic Section (W-E)

Buenavista & Covered Targets to East & North

❖ Combined geology with overlain alteration interpretative section (W-E)
❖ Follow-up diamond drilling required

Proposed mineralised, inter-mineral porphyries

with potassic alteration and Cu (+/- Au +/- Mo)

Pampa Metals Corporation 28

Pampa Metals – Cerro Buenos Aires

Pampa Metals – Cerro Buenos Aires

Cerro Chiquitin Target

Pampa Metals Corporation 29

 Cerro Buenos Aires – Summary Geology

Co Chiquitin
Cerro Buenos Aires
❖ Large property – 7,600 Ha – centered 40 Km
SSW of multi-million ounce El Peñon Au-Ag
mining complex

❖ Intense advanced argillic to phyllic alteration

Co Intermedio
on 3 principal outcrops over + 10 Km N-S
❖ Hosted in Paleocene volcanic rocks

❖ Drilling focused on Co Chiquitin area to N

❖ Tourmaline breccia and porphyry style “A-
Co Buenos Aires type” quartz veinlets
❖ IP chargeability, resistivity, magnetic &
multi-element geochemical anomalies

❖ Extensive post-mineral cover surrounds small

area of outcrop
5 Km ❖ Drill results vector towards porphyry center
Pampa Metals Corporation 30
 Cerro Buenos Aires – Geophysics

Co Chiquitin
Cerro Buenos Aires
❖ Multiple geophysical anomalies associated
with outcrops / sub-crops, as well as post-
Area of Next Map
mineral covered “pampas”

❖ Heli-borne TD resistivity (shown @ 100m),

Co Intermedio
heli-borne magnetics, surface geochemistry,
in combination with detailed geology:
❖ Co Chiquitin displays A-type quartz veins &
tourmaline breccia
❖ Gradient array IP with chargeability
Co Buenos Aires
anomaly to south of Co Chiquitin

❖ Initial drill test focused on covered areas

around Co Chiquitin (to N & S)
❖ 9 RC drill holes (2,738m) over 4.5 km N-S
completed in August-October 2021
5 Km

Pampa Metals Corporation 31

 Cerro Buenos Aires – Cerro Chiqutin – Geology Detail

Cerro Chiquitin
❖ Drilling on Co Chiquitin and covered areas to
north and south
❖ Tourmaline breccia and porphyry style
quartz veinlets outcrop
1 Km ❖ IP chargeability, resistivity, magnetic &
Approximate Limits of multi-element geochemical anomalies
Co Chiquitin Outcrops
❖ Drill results to N of Co Chiquitin show
peripheral (propylitic) halo to possible
porphyry centre

❖ Drill results to S and E of Co Chiquitin give

vectors towards porphyry center to southeast
of Co Chiquitin outcrops

❖ Isolated outcrops of advanced argillic

alteration in pampa to SE of Co Chiquitin
Pampa Metals Corporation 32
 Cerro Buenos Aires – Cerro Chiquitin – Gradient Array IP

Cerro Chiquitin
❖ Gradient Array IP survey (chargeability shown)
completed in northern part of Co Buenos Aires
property
❖ Co Chiquitin

1 Km ❖ Significant IP chargeability anomaly to south

Approximate Limits of of Co Chiquitin – under gravel-filled “pampa”
Co Chiquitin Outcrops
❖ Drill results to N of Co Chiquitin show
peripheral (propylitic) halo to possible
porphyry centre

❖ Drill results to S and E of Co Chiquitin give

vectors towards porphyry center to southeast
of Co Chiquitin outcrops

❖ Isolated outcrops of advanced argillic

alteration in pampa to SE of Co Chiquitin
Pampa Metals Corporation 33
 Cerro Buenos Aires – Cerro Chiquitin – Soil Geochemistry

Cerro Chiquitin
❖ Cu – soil geochemistry > 30ppm Cu
❖ Focused around, and to south of, Co
Chiquitin
❖ Also:

1 Km
❖ Mo (> 4.5ppm)

Approximate Limits of
❖ Zn (> 58ppm)
Co Chiquitin Outcrops
❖ As (> 25ppm)
Approximate Limits of
GA IP Chargeability

Pampa Metals Corporation 34

 Cerro Buenos Aires – Cerro Chiquitin – IP Pole-Dipole

Cerro Chiquitin
❖ IP Profiles – Pole-Dipole – Chargeability
❖ Reflects gradient array IP – but shows
vertical variation in responses
❖ Deeper chargeability anomalies may be

1 Km
targets

Approximate Limits of
❖ Sense of pyrite halo (chargeable and
Co Chiquitin Outcrops
conductive) around possible prograde Cu-Mo-
Approximate Limits of
GA IP Chargeability Au core (low chargeability and resistive) to SE
of Cerro Chiquitin

Pampa Metals Corporation 35

Cerro Buenos Aires – Schematic Section (Oblique NNW – SSE)

Cerro Chiquitin
❖ Combined geology with overlain alteration interpretative section (NNW-SSE) at Co Chiquitin
❖ Follow-up diamond drilling required

Proposed mineralised, intermineral porphyries

with potassic alteration and Cu (+/- Au +/- Mo)

Pampa Metals Corporation 36

Pampa Metals – Redondo-Veronica

Pampa Metals – Redondo-Veronica

Pampa Metals Corporation 37

Redondo-Veronica – Drilling & Section Lines

Redondo
Extremo Norte
Redondo-Veronica
Cerro Redondo
Norte ❖ Large property – 6,600 Ha – located 40 Km
NNE of worlds’ largest Cu mine – La Escondida

❖ Phyllic alteration mapped over extensive areas

10 Km
– focused on 5 target areas (circled)

❖ 3 areas selected for drill testing

❖ Redondo Extremo Norte
❖ Cerro Redondo Norte
❖ Redondo SurOeste

❖ Redondo SurOeste – Drill Results

Redondo
SurOeste
❖ Line of sight to deeper porphyry with “A”
veins, Cu-oxides, geophysical anomalies

❖ Cerro Redondo Norte – Drill Results

❖ Deeper porphyry potential related to high-
Section Lines
level anomalous copper geochemistry
Pampa Metals Corporation 38
 Redondo-Veronica – Schematic Section (SW-NE)

Redondo-Veronica
❖ Schematic Section SW-NE

❖ Shows differing levels of erosion across Redondo and Pampa Elvira Faults

More deeply Least eroded –

eroded high-level
preservation

Proposed mineralised,
intermineral porphyry with Cu-Mo

Pampa Metals Corporation 39

Redondo-Veronica – Schematic Section – Redondo SurOeste (W-E)

Redondo Suroeste
Magnetic Anomaly
Redondo SurOeste
❖ Section across Redondo-SurOeste (W-E)

❖ RC-05 – best alteration and geochemistry –

most central to deep IP anomaly
❖ RC-03 – also a good drill hole – but more
peripheral to IP anomaly

Proposed mineralised, ❖ Most eroded fault block – deeper erosional

intermineral porphyry
with Cu-Mo level

❖ Deep IP phase anomaly coincident with

surface “A” veinlets & Cu-Oxides, deep
Deep IP Phase
(Chargeability) Anomaly resistivity (MT) and magnetic (low) anomalies,
Redondo SurOeste
interpreted to reflect magnetite-poor potassic
zone with Cu-sulphides +/- pyrite

❖ Deeper diamond drilling required to test the

Coincident Resistivity (&
Magnetic) Anomaly guts of the geophysical anomalies
Redondo SurOeste
Pampa Metals Corporation 40
Pampa Metals – Morros Blancos – Option/JV with Austral Gold

Pampa Metals – Morros Blancos

Rosario del AltoTarget

Pampa Metals Corporation 41

 Morros Blancos – Summary Geology

Morros Blancos
❖ Project optioned to Austral Gold – 9,600 Ha

❖ One of 2 projects (also Cerro Blanco 7,200 Ha)

❖ Austral initiated exploration in August 2021

❖ 3 large zones of hydrothermal alteration

delineated

❖ Advanced argillic alteration – high-

sulphidation systems
3 Km
❖ 15 Km alteration corridor – NNE-SSW

❖ Initial focus on Rosario del Alto target

❖ Producing gold-silver mine located adjacent to west

of Morros Blancos project area

❖ Amancaya Mine – owned and operated by

Maps & data from Austral Gold Ltd
Austral Gold
Pampa Metals Corporation 42
 Morros Blancos – Rosario del Alto – Detailed Geology

Rosario del Alto

❖ Rosario del Alto target

❖ Geological mapping, surface geochemical

sampling, alteration mapping (Terraspec),
geophysics (magnetics & CSAMT) – completed
at Rosario del Alto

❖ Four maar-diatreme structures identified

❖ Multiplicity of phreatomagmatic breccias

500m
extending ~ 2 x 1 km

❖ Preserved block based on shallow volcanic

features & high-level alteration (steam heated)

❖ Strong pathfinder element geochemistry at surface

❖ Preliminary drill test Q1 2022 (4 x DDH – total

Maps & data from Austral Gold Ltd
1,020m) – follow-up planned
Pampa Metals Corporation 43
 Morros Blancos – Morro Colorado – Detailed Geology

Morro Colorado
❖ Morro Colorado target

❖ Geological mapping, surface geochemical

sampling, alteration mapping (Terraspec) –
completed at Morro Colorado

❖ Possible deeper erosional level than Rosario del

Alto

❖ Quartz veinlets – “A”-type” from historic

trench

❖ But still phyllic to advanced argillic alteration

❖ Strong pathfinder element geochemistry at surface

❖ Preliminary drill test planned for 2022

Maps & data from Austral Gold Ltd

Pampa Metals Corporation 44

Pampa Metals Corporation

[email protected]

[email protected]

www.pampametals.com

Suite 1200, 750 West Pender Street,

BC, V6C 2T8, Canada

Investor Summary
July 2022
CSE: PM