Heliostar Metals Ltd.

Thank you, everyone, for joining us today for the Helio Star Metals Q1 quarterly update covering our financial and operating results for the first three months of 2026. With me today is our CEO, Charles Funk, our COO, Greg Bush, and CFO, Vitalina Lisun, who will be presenting the results and giving an update of the business and the path forward for the remainder of the year. With that, I'll hand it over to you, Charles.

Yeah, perfect. Thank you, Stephen. Very pleased to present our quarter this year for two reasons. One, it was a very strong quarter for us. Records on a number of fronts, including step up in our production profile, in the revenue and the mine operating earnings, the bit that actually matters. We were able to invest considerably in our assets, as we'll explain throughout the presentation. And we were able to keep our costs well under control for the quarter. a very strong quarter for us as we deliver on our plan for the company. If we move forward, please, Stephen, through the slides. I think the most pleasing part of what we've done for the quarter is our strategy is really clear. We are maximising cash flow, why the gold price is strong this year and next, and we're using that to build Annapoola, which is the next major build we have in plan that we plan to commence in the second half of next year. and take us to a long stated goal of being a 500,000 ounce a year producer. We're doing that on the back of very strong production, as now Stephen's caught up, thanks for the slides, on that quarter for gold and silver. And we'll go through the details that breaks down the records that we got in earnings, income, and our working capital, a big step up in our working capital. For those who don't know the company very well, the next slide breaks down our assets. We had strong production. Our largest production by mine was at La Colorada for the quarter with some quite innovative approaching to the injection leaching that's delivering a lot of fairly relatively low cost gold, as Greg will touch on. Very pleasing to have restarted San Augustine. And we'll talk about particularly Annapola Progress and Goldstruck, which we purchased in the quarter. Moving ahead, Stephen. So I'll hand over to our CFO, Vitalina, if you could run through the high-level financial numbers and then we'll move to Greg for an asset-by-asset discussion.

Thank you, Charles. So Heliostar had a very strong quarter of 2026. We had production of 11,743 ounces of gold, which was sold 9,980 ounces. And we're on track for our production for the guidance for the year. The production was from both mines, with La Colorada completing stockpile mining in the quarter, while San Agustin achieved steady state production from the mining activities that restarted in late December. The cash costs of just over 1,600 per ounce of gold sold and the ASIC of 1,996 per ounce of gold sold are well below our guidance, so we're well on our way to be within guidance for the year. Next, please. Operationally, you can see that Q1 of this year was our record quarter as we continued production from both mines. As mentioned, the stockpile mining at La Corada has now completed. with successful ramp up of mining at San Agustin and was fairly stable cost to date. We also continued with investments in exploration and advancing our projects as well as acquisition of gold strike project in Utah from Liberty Gold in April, just subsequently to the quarter end. On the financial side, we had record revenues of 54.4 million, and mine operating earnings of $30.9 million, which led to net income of $14.1 million, or $0.05 per share. As Charles also mentioned, we significantly increased our working capital from $49 million to $70 million, of which $38.7 million was in cash and $11.7 million in sales receivable, the majority of which was received in April, and we continue being debt-free.