C3 Metals Inc. · TSXV:CCCM
C3 Metals — Investor Presentation (September 2023)
51 slides from C3 Metals's investor presentation, September 2023
Slide 1: Poised for Discovery
Poised for Discovery Corporate Presentation TSX.V: CCCM September 2023 C3METALS.COM
Slide 2: Forward-Looking Statement
FORWARD-LOOKING STATEMENT • Forward-Looking Statement This presentation contains certain statements that may constitute forward-looking information under applicable securities laws. All statements, other than those of historical fact, which address activities, events, outcomes, results, developments
Slide 3: A Simple Value Proposition at ~C$50M Market Cap
A SIMPLE VALUE PROPOSITION AT ~C$50M MARKET CAP PERU JAMAICA Protected Downside Near-term Momentum Driver • Maiden resource justifies current valuation1: • Current drill program in Jamaica will • M&I Mineral Resources - 51.9 Mt at 0.50% Cu and provide steady news flow of assay 0.20 g/t Au for 569.1M
Slide 4: C3 Metals: Investment Opportunity
C3 METALS: Investment Opportunity Good Properties attract Good People and Good People attract Necessary Capital Good Properties Good People Necessary Capital Two Copper-Gold Right People In Place to Foundation in Place to District-Scale Property Unlock Value Unlock Value Positions Poised for Discove
Slide 5: C3 Metals' Board & Senior Management
C3 METALS’ BOARD & SENIOR MANAGEMENT Serial Resource Industry Value Creators DAN SYMONS TONY MANINI BSc (Hons), FAusIMM, FSEG President & CEO, Director Chairman • +15 years of mining industry experience in • +30 years in exploration, mine development, mine business development, corporate operations,
Slide 6: Proven Track Record of Discovery & Success
PROVEN TRACK RECORD OF DISCOVERY & SUCCESS At all Stages of Exploration and Mining A Combination of Capital Markets and Technical Expertise DAN SYMONS STEVE HUGHES Strategic, Visionary, Expert Entrepreneurial Porphyry Geologist Leader Driving Unlocking Value Growth & Success Through Discovery and De
Slide 7: C3 Metals
C3 Metals Focused on creating substantive value through the discovery and development of LARGE COPPER-GOLD DEPOSITS JAMAICA PERU Where we believe we will show Known world class the world a new district Copper/Gold district Montego Bay Ocho Rios Caribbean Sea Cr aw lR ive rF Port Antonio PERU au lt Z
Slide 8: Jamaica: Government Supportive & Favorable Environment
JAMAICA: Government Supportive & Favorable Environment Mining 2nd 70+ year 75+ years 150+ Largest Industry Bauxite industry Mining law in Open-pit in Jamaica place limestone / • US$500-600M annual exports (since 1947) aggregate mines • Alumina refinery in country Jamaican Mining History § Historical
Slide 9: Jamaican Government Is Seeking Investment in Metallic Minerals
JAMAICAN GOVERNMENT IS SEEKING INVESTMENT IN METALLIC MINERALS MINES AND GEOLOGY DIVISION OF THE MINISTRY OF AGRICULTURE, FISHERIES AND MINES “The identification and evaluation of the precious and base metal potential gold, copper on the island. “To promote and encourage investment in non-bauxite me
Slide 10: Jamaica: A Hidden Gem
JAMAICA: A Hidden Gem NEW & EMERGING PORPHYRY & EPITHERMAL DISTRICT Crawle River-Rio Minho Fault Porphyry & Epithermal District Highly Underexplored Tanama3 0.9Mt Cu & Romero 2 2.3Moz Au GoldQuest 2.5Moz Au Pueblo Viejo1 Barrick/Newmont 15Moz Au ault in ho F -R io M 2 R iver wle 1 Cra 3 1 1Barrick w
Slide 11: Stamford Hill and Charing Cross Mined in 1800s
STAMFORD HILL AND CHARING CROSS MINED IN 1800s 62 Adits & Multiple Shafts Sunk § British mined high-grade epithermal copper-gold veins in the 1800s § Stamford Hill and Charing Cross veins mined during the 1850s. § Operated until 1863 Adit to the 2nd Level at Stamford Mine Closed adit § Reports indic
Slide 12: Pennants Gold Mine (2002 – 2004)
PENNANTS GOLD MINE (2002 – 2004) First Gold Deposit in Jamaica to be put into Production § BHP (1992) defined a 3km gold in soil anomaly, discovered Pennants epithermal veins system § Orvana (1995-1998) reported bonanza gold grades in Pennants drill holes, including § 1.7m @ 429.78g/t gold in MD53 P
Slide 13: C3 Metals in Jamaica: A New & Emerging District
C3 METALS IN JAMAICA: A New & Emerging District 16 Porphyry & 40 Epithermal Targets Identified Over 30km Strike Porphyry with ore grade drill holes Bellas Gate – Drill permits to June 2027 Main Ridge – Past Arthurs Seat – Drill permits to April Producing Drill permits to 2028 Pennants November 2027
Slide 14: Cadia and Bellas Gate Comparable
CADIA AND BELLAS GATE COMPARABLE Thick Volcanic Package Intruded by Multiple Porphyry Intrusive Complexes Cadia Bellas Gate Po rp hy ry Co rri do r Multiple Porphyry Centres Over Intrusive Complexes • New South Wales, Australia • Owned by Newcrest – largest gold producer in Australia • Significant d
Slide 15: Bellas Gate Multi-Kilometre Scale Copper in Soil Anomaly
BELLAS GATE MULTI-KILOMETRE SCALE COPPER IN SOIL ANOMALY Multi-Element Geochemistry (Cu-Au-Se-Mo) Confirms Multiple Porphyry CO NN OR CA SB M EL EL T BE HENDLEY LT LUCKY VALLEY Ov PROVOST er EPIDOTE 10 RIDGE CONNORS km GEO HILL BULL SNAP PLEASANT HILL CAMEL HILL Stamford Hill COFFEE Dry Hill WOODHAL
Slide 16: Extensive Remapping and Sampling Program
EXTENSIVE REMAPPING AND SAMPLING PROGRAM Large Quantity of Rock Chip Samples Assayed Over 1% Copper CO NN OR CA SB M EL EL T BE HENDLEY LT LUCKY VALLEY PROVOST PROVOST EPIDOTE RIDGE CONNORS GEO HILL BULL SNAP PLEASANT HILL CAMEL HILL Stamford Hill COFFEE Dry Hill WOODHALL High Stone Hill MCNEISH Cha
Slide 17: Actively Drilling with Two Rigs
ACTIVELY DRILLING WITH TWO RIGS Drill rig location Man-portable rig 4k m Contract rig TSX.V: CCCM | C3METALS.COM Investor Presentation | SEPTEMBER 2023 17
Slide 18: Stretching Our Exploration Dollars Through Smart Investments
STRETCHING OUR EXPLORATION DOLLARS THROUGH SMART INVESTMENTS C3 Metal’s All-In Drilling Cost Advantage Smart Investment: To Date: $200k CAD invested in man-portable MORE diamond drill rig METRES DRILLED PER EVERY § Fully owned $1 INVESTED § Direct drill cost: $40 CAD/metre to date C3 METALS ESTABLIS
Slide 19: Provost Cross Section
PROVOST CROSS SECTION LAHAR PVT0900-003 PVT0900-001 (EOH 418.6m) (EOH 152.0m) Off Section WS R PHYRY FLO ITE PO ANDES PVT-17-002 PVT-17-006 Basalt (300m) PVT-17-004 PVT0900-004 Pyrite>Chalcopyrite PVT-17-005 mineralization in diorite x PVT0900-002 E (EOH 480.7m) ANDESIT NICLA STICS MULTI-PHASE VOLCA
Slide 20: Case Study: Newmont Acquisition of GT Gold in 2021
CASE STUDY: NEWMONT ACQUISITION OF GT GOLD in 2021 Newmont acquired GT Gold for similar copper grades Purchase Price $311M USD ($418M CAD) Indicated 298.0 Mt at 0.28% Cu and 0.36 g/t Au (0.53% CuEq2) Inferred 542.8 Mt at 0.25% Cu and 0.31 g/t Au (0.47% CuEq2) C3 Metals’ CuEq2 grades in recent drilli
Slide 21: Provost Plan View Map
PROVOST PLAN VIEW MAP UNTESTED – Coincident Alteration, Co Mineralization and Copper-in-Soil Anomaly pp er 600m X 350m Zone (Two Holes) So il A no m al y -1 50 0 M et er s St rik e Le ng th Next MP-Drill Site ic 3rd MP-Drill Site o l can rate V e g l om Con h ar ) PVT0900-003 (L a PVT0900 Drill Site
Slide 22: Camel Hill – Geo Hill - Provost Targets
CAMEL HILL – GEO HILL - PROVOST TARGETS TSX.V: CCCM | C3METALS.COM Investor Presentation | SEPTEMBER 2023 22
Slide 23: Over 4km Trend with Limited Shallow Drilling
OVER 4KM TREND WITH LIMITED SHALLOW DRILLING TSX.V: CCCM | C3METALS.COM Investor Presentation | SEPTEMBER 2023 23
Slide 24: Below Epidote Ridge Is Potential Source
BELOW EPIDOTE RIDGE IS POTENTIAL SOURCE Multiple Mineralized Porphyry Apophyses Encircle Epidote Ridge NEXT SLIDE SECTION VIEW IP- CHRG – LN2 TSX.V: CCCM | C3METALS.COM Investor Presentation | SEPTEMBER 2023 24
Slide 25: Epidote Ridge - Geo Hill - Connors Connection
EPIDOTE RIDGE - GEO HILL - CONNORS CONNECTION Mag and IP Converge with Depth, Interpreted Bornite-Core GEO HILL PORPHYRY EPIDOTE RIDGE CONNORS PORPHYRY Proposed Drill Holes Barren Granodiorite Mag High on Section to the South C3 Metals’ Drill Hole September 2022 CON9325-001 Assayed 309m @ 0.44% copp
Slide 26: Multiple Known Porphyries May Converge at Depth
MULTIPLE KNOWN PORPHYRIES MAY CONVERGE AT DEPTH All Drilling Currently Relatively Shallow MAGNETIC VECTOR INVERSION -100m IP CHARGEABILITY -100m Connors Connors Camel Hill Camel Hill Anomalies Converge at Depth Below Epidote Ridge MAGNETIC VECTOR INVERSION -400m IP CHARGEABILITY -400m Connors Connor
Slide 27: C3 Metals in Jamaica: A New & Emerging District
C3 METALS IN JAMAICA: A New & Emerging District 16 Porphyry & 40 Epithermal Targets Identified Over 30km Strike Porphyry with ore grade drill holes Bellas Gate – Drill permits to June 2027 Main Ridge – Past Arthurs Seat – Drill permits to April Producing Drill permits to 2028 Pennants November 2027
Slide 28: 30km of Porphyry & Epithermal Mineralization
30KM OF PORPHRY & EPITHERMAL MINERALIZATION Three NW-SE Mineralized Structural Trends Soils Rocks Bellas Gate – Drill permits to June 2027 Main Ridge - Past Arthurs Seat – Drill permits to Producing Drill permits to May 2028 Pennants November 2027 Gold Mine 30K M COP PER -G O LD B ELT Mapped 80% of
Slide 29: Arthurs Seat Discovery - 2022
ARTHURS SEAT DISCOVERY - 2022 Ov er 8k m St ri ke Le ng e th id W 5km r 4. 5.2% copper & 0.81 g/t gold ve O Epithermal Style Gold-Copper Mineralization, Vein Hosted Crawle River R 16.5% copper, 4,890 g/t io Minho Fault silver & 0.50 g/.t gold Zone Discovered 8.0km by 4.5km Copper-Gold Zone TSX.V: CC
Slide 30: Arthurs Seat - Epithermal Vein Swarm
ARTHURS SEAT - EPITHERMAL VEIN SWARM 5km by 3km Area Epithermal Gold-Copper Mineralization, Hosted in Low to Intermediate Style Sulphidation Quartz Veins & Breccias 11.6 g/t gold 29.8 g/t gold Crawle River Rio Minho Fault Zone 14.4 g/t gold Discovered 5km by 3km Epithermal Vein Swarm TSX.V: CCCM | C
Slide 31: Mineralization Extends Beyond Pennants Mine
MINERALIZATION EXTENDS BEYOND PENNANTS MINE Multiple High-Grade Gold & Copper Zones Field Confirmed TSX.V: CCCM | C3METALS.COM Investor Presentation | SEPTEMBER 2023 31
Slide 32: C3 Metals in Jamaica: Summary
C3 METALS IN JAMAICA: SUMMARY § Secured over 20,000 hectares of prospective copper-gold exploration licenses in an under-explored, mining-friendly jurisdiction § Have identified 16 porphyry and 40 epithermal prospects § Actively drilling at Bellas Gate with two drill rigs § 8,500m program underway §
Slide 33: C3 Metals
C3 Metals Focused on creating substantive value through the discovery and development of LARGE COPPER-GOLD DEPOSITS PERU Known world class Copper/Gold district PERU JASPEROI JASPEROIDE DE Lima Pacific Cusco Las Bambas Haquira Constancia Ocean Antapaccay Arequipa 30,000 hectares in Andahuaylas-Yauri
Slide 34: Peru: A Copper Legacy
PERU: A Copper Legacy 2nd 11% 10% 2.2M Largest of Global Copper of Peru’s GDP metric tonnes Worldwide Production produced in 2022 Copper Producer Rich Mining History § History of copper mining dating back thousands of years. § Attracts significant investments from international mining companies due
Slide 35: C3 Metals in Peru: Strategic 30,000-Hectare Land Package
C3 Metals in PERU: Strategic 30,000-Hectare Land Package TSX.V: CCCM | C3METALS.COM Investor Presentation | SEPTEMBER 2023 35
Slide 36: C3 Metals in Peru: Land Package in 2021
C3 Metals in PERU: Land Package in 2021 TSX.V: CCCM | C3METALS.COM Investor Presentation | SEPTEMBER 2023 36
Slide 37: C3 Metals in Peru: Land Package Increased 426% in Two Years
C3 Metals in Peru: Land Package increased 426% in Two Years Glencore BHP Hudbay MILLOHUAYCO Alicia Hudbay Alcatraz Rio Tinto Dolores Hudbay TSX.V: CCCM | C3METALS.COM Investor Presentation | SEPTEMBER 2023 37
Slide 38: CVZ MCZ COZ
CVZ MCZ COZ TSX.V: CCCM | C3METALS.COM Investor Presentation | SEPTEMBER 2023 38
Slide 39: Maiden Resource - Montaña de Cobre Zone
MAIDEN RESOURCE - Montaña de Cobre Zone Total Tonnes Copper Contained Contained Mineral Resource Tonnes Gold Grade in Grade Copper Gold Category (Kt) (g/t) Conceptual (%) (M lbs) (K oz) Pit Measured 28,636 0.60 0.24 380.0 218.2 Indicated 23,304 0.37 0.15 189.1 108.6 Measured & Indicated 51,940 0.50
Slide 40: Modified Drill Permit Approved September 2023
MODIFIED DRILL PERMIT APPROVED SEPTEMBER 2023 74% increase in area and additional 24 platforms and 53 Drill Holes CRESTA VERDE ZONE 267Ha 464Ha EXPANDED PERMIT AREA ü 74% increase in permit zone: MONTAÑA DE from 267Ha to 464Ha COBRE ZONE ü Additional 24 platforms and 53 drill holes ü 2 additional sk
Slide 41: Intrusions Exploit "Deep Seated" Faults
INTRUSIONS EXPLOIT “DEEP SEATED” FAULTS Parallel Porphyry, Skarn & Epithermal Mineralized Belts TSX.V: CCCM | C3METALS.COM Investor Presentation | SEPTEMBER 2023 41
Slide 42: Is Magnetite Alteration Important?
IS MAGNETITE ALTERATION IMPORTANT? Estimated +1 Billion Tonnes of Magnetite Skarn Over 28km Trend Grasberg – +10BT of Copper-Gold Mineralization Jasperoide & Khaleesi Copper-Gold Belts Est. +2BT Hydrothermal Magnetite Est. +1BT Hydrothermal Magnetite One of largest copper-gold Porphyry / Skarn reser
Slide 43: Northern Jasperoide Belt
NORTHERN JASPEROIDE BELT: Big Tonnage is Known but Not Explored For Copper § 632M tonnes of mineralized material identified in northern Jasperoide Belt § Indicated 55.6Mt at 46.75% Fe; cut-off 20.0% Fe (Orcopura) § Inferred 576.4 Mt at 43.44% Fe; cut-off 13.4% Fe (Orcopura, Huillque, Bob1 and Aurora
Slide 44: Southern Jasperoide Belt
SOUTHERN JASPEROIDE BELT: Extensive Informal Mining on Multiple Copper-Gold Skarn Bodies Epithermal Veins Copper Sulphides in Skarn Copper Oxides in Skarn TSX.V: CCCM | C3METALS.COM Investor Presentation | SEPTEMBER 2023 44
Slide 45: Khaleesi Project
KHALEESI PROJECT Skarn, Epithermal and Porphyry Mineralization at Surface TSX.V: CCCM | C3METALS.COM Investor Presentation | SEPTEMBER 2023 45
Slide 46: C3 Metals in Peru: Summary
C3 METALS IN PERU: SUMMARY § Secured over 30,000 hectares in a strategic, world-class copper jurisdiction § Maiden Resource reported May 23, 2023 on 1st of numerous targets § Identified two parallel copper-gold, skarn-porphyry belts within C3 concession package: Jasperoide & Khaleesi Belts § Identif
Slide 47: C3 Metals: Land Packages Put Together. Time to Drill!
C3 METALS: Land Packages Put Together. Time to DRILL! Current market cap of ~C$52M Drilling into confirmed Jamaica: At least 16 porphyry porphyries in Jamaica has and 40 epithermal targets over commenced 30km strike extent Maiden resource in Peru Peru offers exposure to large, underpins value and pr
Slide 48: Contacts
CONTACTS DAN SYMONS President & CEO Tel: (416) 716-6466 /C3Metals dsymons@c3metals.com @C3Metals CORPORATE OFFICE 161 Bay St., 27th Floor @C3Metals Toronto, Ontario M5J 2S1 Tel: +1 (647) 953 5924 company/C3Metals Toll Free: +1 (888) 416 6560 info@c3metals.com www.c3metals.com TSX.V: CCCM | C3METALS.
Slide 49: Shareholder Breakdown & Analyst Coverage
SHAREHOLDER BREAKDOWN & ANALYST COVERAGE Over 30% Institutionally Held Analyst Coverage Beacon Securities 10% Michael Curran Paradigm Capital Lauren McConnell 32% 58% Recent Financing C$5M raised at C$0.05 closed May 1, 2023 INSIDERS INSTITUTIONAL HIGH NET WORTH /RETAIL Institutions 64% institutiona
Slide 50: Capital Structure & Balance Sheet
CAPITAL STRUCTURE & BALANCE SHEET CORPORATE INFORMATION1 Shares Outstanding 689.5M Warrants (avg $0.19) 6.0M Options (avg $0.09) 38.9M RSUs and DSUs 2.2M Share Price C$0.0752 Market Cap (Undiluted) C$51.7M2 Cash on Hand C$3.9M 1 At May 31, 2023 2 At September 22, 2023 TSX.V: CCCM | C3METALS.COM Inve
Slide 51: Over 20,000 Hectares in a Jurisdiction with…
Over 20,000 hectares in a Jurisdiction with… THE RIGHT RECIPE FOR SUCCESS ü Stable, democratic government ü English speaking • Multi-party system ü Supportive local communities • Elections every five years ü Multi-kilometre copper-gold trend ü Mining is the second largest with copper in: industry •