World Copper Ltd · TSXV:WCU
World Copper — Investor Presentation (October 2024)
28 slides from World Copper's investor presentation, October 2024
Slide 1: Building America's Copper Company
TSXV: WCU | OTC: WCUFF | FRA: 7LY0 Building America’s Copper Company Corporate Presentation OCTOBER 2024 TSXV: WCU \ OTC: WCUFF \ FRA: 7LY0
Slide 2: Forward Looking and Cautionary Statements
FORWARD LOOKING AND Cautionary Statements This presentation contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian and US securities legislation. All statements, other than statements of historical fa
Slide 3: Historic Copper Pricing & Forecast
MACRO MARKET VIEW Historic Copper Pricing & Forecast The State of the Copper Market $5.00 APR 15, 2024 $4.38 $4.55 Market Balance (Supply Demand Gap) $4.50 $4.27 $4.43 0 $4.03 $4.13 Copper Price US$/lb Cu $4.00 Millions of metric tons -2 $3.50 -4 $3.00 -6 $2.50 ACTUALS (2020-2024) CONSENSUS (APR 202
Slide 4: Size Matters: David vs Goliath
MACRO MARKET VIEW Size Matters: David vs Goliath The Solution: The Big Issues: The market is turning to • 85% of global refined copper environmentally-sound oxide production comes from sulphide deposits, which are less expensive, concentration and smelting – expensive, easier to build, and much fast
Slide 5: Copper Made in America: Arizona
ARIZONA: A PRIME MINING JURISDICTION Copper Made in America • Ranks 7th Global ARIZONA Canyon Uranium Mining – Fraser Institute Flagstaff Moss Gold • 71% of US copper Bagdad ZONIA supply is produced in Arizona Kay Mine Pinto Phoenix Valley • USA has Copper Carlota Resolution Miami Morenci on its Cri
Slide 6: The Zonia Solution
A UNIQUE COPPER OXIDE OPPORTUNITY The Zonia Solution Existing Infrastructure Copper Oxide Porphyry • Private land and Past Producer • Lower environmental footprint compared to (faster permits) sulphides Power lines on site • Power and water on site • Nimble project size reduces execution and • Pre-s
Slide 7: Pre-Development Cash Flow and Environmental Clean-Up Potential
UNIQUE RE-PROCESSING OPPORTUNITY Pre-Development Cash Flow and Environmental Clean-Up Potential Historical Records indicate that previously leached material still hosts between 26 to 55 M lbs of Copper Historic Leach Material (t) CuT (%) Cu (M lbs) Pads Opportunity 7,130,249 0.40%-0.60% 26.6 – 55.1
Slide 8: Leach Pad Verification Drill Program
PLANNED & UPCOMING Leach Pad Verification Drill Program • Three leach pads with drill-holes spaced 100m apart. • 33 drill-holes, totalling 1,650 feet of RC drilling. • Metallurgical testing • Economic evaluation • Estimate cost: USD$500-700k • Execution time: 4-6 months TSXV: WCU \ OTC: WCUFF \ FRA:
Slide 9: Zonia Cross Section
DEVELOPMENT PLAN Zonia Cross Section High-grade future starter pit at surface TSXV: WCU \ OTC: WCUFF \ FRA: 7LY0 10
Slide 10: Zonia 2024 Updated Resource Estimate
NI 43-101 Zonia 2024 Updated Resource Estimate ▸ Measured and Indicated Resources increased to 113.2 Mt and copper content in this category increased by 50% to 686 M lbs Cu compared to a previous estimate. ▸ Potential for a significant increase in LOM and throughput compared to the 2018 PEA study. ▸
Slide 11: 2024 Copper Oxide Resource Estimate
NI 43-101 2024 Copper Oxide Resource Estimate ▸ Measured and Indicated Resources of 113.2 M short tons at 0.3% Cu containing 629 M lbs of copper (0.18% Cu cut-off, $3.95/lb Cu copper price). ▸ Inferred Resources of 59.2 M short tons at 0.25% Cu containing 300 M lbs of copper (0.18% Cu cut-off, $3.95
Slide 12: Zonia Land Position
PRIVATE LAND & CLAIMS ON BLM LAND Zonia Land Position PHASE 1 BLM LAND ▸ Located solely on private land owned by Zonia. ▸ Approx. 10+ years of production in Phase 1. ▸ Faster to permit (state permits only). PHASE 2 PR IVA T E LAND ▸ Located on BLM land (unpatented claims). ▸ Permitting concurrent wi
Slide 13: Zonia Technical Team
WORLD COPPER Zonia Technical Team DEREK WHITE | Lead Technical Advisor JOE PHILIPS | Senior Advisor 35+ years of experience in senior management and building mines. 35+ years of experience, built 14 mining projects in 11 countries. Including Projects include the KGHM Sierra Gorda, Franke, Carlota an
Slide 14: The Zonia Two-Phased Approach
DEVELOPMENT PLAN The Zonia Two-Phased Approach Phase 1: DE-RISKING PROJECT Resource Update Permits Permitting BFS Engineering DEVELOPMENT & Leach Pad Test Received ON PRIVATE LAND 2023 2024 2025 Q1/2 2025 Q3/4 2026 2027 Phase 2: GROWTH Start of BLM EXPLORATION Drilling Zonia N New MRE Met Testing Pe
Slide 15: Simple Mining and Processing (SX-EW)
ZONIA’S GREENER PROCESS Simple Mining and Processing (SX-EW) ▸ Conventional open pit mining ▸ Standard heap leaching and SX-EW processing (no ISL*) ▸ Low acid consumption (~25 lbs/t) ▸ 73% Cu total recoveries ▸ No smelting – a cleaner process with lower emissions ▸ No tailings – smaller environmenta
Slide 16: Zonia Production Profile / Economics
2018 HISTORICAL PEA PARAMETERS* Zonia Production Profile / Economics Total Tons Leached 93 M Preliminary Economic Assessment – March 2018 Head Grade 0.30% Cu Base case $2.00/lb Cu designed pit shell; $3.00/lb Cu price Mine Life 8.6 years Payback Period 2.9 years ▸ After-tax NPV (8%) of US$192 M, 29%
Slide 17: Zonia: Extensive Metallurgical Testing
DEVELOPMENT PLAN Zonia: Extensive Metallurgical Testing ▸ Extensive metallurgical test-work with Column Leach Results (Redstone, 2011) average recovery of 73%. ▸ Low acid consumption of 25 lbs/ton. ▸ Multiple metallurgical tests conducted on the property in 1995, 2008 and 2011. ▸ Master composite sa
Slide 18: Zonia's Expansion
GROWTH POTENTIAL ZONIA NORTH Zonia’s Expansion Phase 1 2018 PEA Resource & New Porphyry Target ▸ Zonia North: Northeast anomaly identified. Elevated Mo, Cu & Au, with depressed Mn and Zn: “textbook” porphyry Cu footprint. ▸ This untested drill target measures 1.5 km x 2 km (~1 x 1.5 miles) and conti
Slide 19: Addressing the Need for Carbon Neutrality in Mining
A NET ZERO VISION Addressing the Need for Carbon Neutrality in Mining ▸ Zonia’s aspiration is to become carbon neutral operations and to reduce all operational emissions to meet and exceed the highest industry standards. ▸ Project location, production process, existing infrastructure and size puts Z
Slide 20: Zonia's Outstanding Profile
COMPARISON WITH ARIZONA PEERS Zonia’s Outstanding Profile COPPER COPPER SANTA ZONIA CACTUS WORLD CREEK CRUZ World Copper Arizona Sonoran HudBay Faraday Copper Ivanhoe Electric CAPEX 233M No 1.74 B 2.2 B 2.66 B 2.1 B (initial + sustaining) flotation, TSF & = $100 M pre- stripping. CAPITAL $8,896 $10,
Slide 21: Zonia's Key Advantages
IN THE HEART OF US COPPER COUNTRY Zonia’s Key Advantages • Accessible by road INFRASTRUCTURE • Powerline and water on the property • Railroad access 10 miles away • First ~10+ years of production on private patented land (only state permits) PERMITTING • Brownfield site, pre-stripped • Mining-friend
Slide 22: Escalones: Largest Copper Oxide Deposit in Development in Chile
HIGHLIGHTS Escalones: Largest Copper Oxide Deposit in Development in Chile ▸ 3.4 B lbs of Cu in inferred resources. ▸ PEA annual production 50 kt of copper in cathodes over 20 years. ▸ Post-Tax $1.5B NPV(8) and 46.2% IRR at $3.60/ lb Cu. ▸ High exploration potential: multiple new porphyry targets on
Slide 23: Escalones: 426 Mt of Copper Oxide in Inferred Resources
AN OUTSTANDING SX-EW OPPORTUNITY Escalones: 426 Mt of Copper Oxide in Inferred Resources N ▸ Total land Package: 4,689 hectares, with an option to acquire 100% ownership. ▸ Potential to discover new copper-gold porphyries 28,000m Resource Estimate Statement Hard Rock Consulting LLC. August 2021 dril
Slide 24: Management
WORLD COPPER Management JOHN DROBE | Head Geologist • Mr. Drobe is a geologist with over 30 years’ experience specializing in porphyry copper-gold, epithermal and skarn deposits throughout the GORDON NEAL | President & CEO Americas. • Mr. Neal has extensive experience in the metals and mining sector
Slide 25: Board of Directors
WORLD COPPER Board of Directors HENK VAN ALPHEN | Chairman JONATHAN LOTZ | Director Mr. van Alphen founded Wealth Minerals in 2005. With more than 30 Mr. Lotz is a member of the Bars of British Columbia & New York and is a years of experience in the mining industry, he has been a key player in found
Slide 26: Share Structure
WORLD COPPER Share Structure 26% Insiders & Management Outstanding Warrants 87,713,195 shares 62,575,736 43% Shares Outstanding: Public Float Outstanding Broker Warrants 201,892,567 61,665,177 shares 802,397 Restricted Shares Outstanding Options 17,320,000 52,514,195 shares 31% TSXV: WCU \ OTC: WCUF
Slide 27: Peer Valuation Gap
WORLD COPPER Peer Valuation Gap Arizona Faraday World Copper Sonoran Copper Marimaca Project Zonia Cactus Copper Creek Marimaca Stage of Development PEA PEA PEA PEA 2018 2023 2023 2020 Market Capitalization $12.7 M $189 M $165 M $402 M (as of 27 AUG 2024) Net Present Value (NPV8%) $447 M $2,032 M $5
Slide 28: Contact us
TSXV: WCU | OTC: WCUFF | FRA: 7LY0 Contact us: Michael Pound, Corporate Development Phone: (604) 638-3665 Email: mpound@worldcopperltd.com Visit us online: www.worldcopperltd.com Follow us: WorldCopperLtd TSXV: WCU \ OTC: WCUFF \ FRA: 7LY0 28