Kutcho Copper Corp · TSXV:KC
Kutcho Copper — Investor Presentation (April 2021)
25 slides from Kutcho Copper's investor presentation, Apr 14, 2021
Slide 1: TSXV: KC Investor Presentation April 2021
TSXV: KC Investor Presentation APRIL 2021 1
Slide 2: Forward looking statement
2 | TSXV: KC Forward looking statement This presentation contains certain statements that may be considered “forward-looking statements” with respect to Although the Company has attempted to identify factors that Kutcho Copper Corp. (“Kutcho Copper” or the “Company”) within the meaning of applicable
Slide 3: Kutcho Copper has a clear path to develop its 100% owned high grade copper-zinc project
3 | TSXV: KC Kutcho Copper has a clear path to develop its 100% owned high grade copper-zinc project 2017 Probable Reserve Wheaton Precious Metals Updated Resource 10.4 Mt at 2.01% Cu & 2.92% CuEq 1+2 supports Kutcho with financing Estimate (Sept 2020) package of C$100 million Measured & Indicated: 1
Slide 4: Management team
4 | TSXV: KC Management team Vince Sorace Rob Duncan Angus Christie President & CEO, Director COO Senior Manager, Engineering ● 25 years experience in capital markets ● 26 years experience in mineral ● Over 30 years experience in mine project ● Raised over $250M in equity & exploration for majors in
Slide 5: Board of Directors & Advisory Board
5 | TSXV: KC Board of Directors & Advisory Board Vince Sorace Stephen Quin Bill Bennett Jay Sujir President & CEO, Director Director Director Director ● 25 years experience in capital ● 30 years experience in mining ● Former BC gov’t MLA for 16 years ● Partner, Farris, Vaughan, markets & corporate a
Slide 6: Market momentum
6 | TSXV: KC Copper story Market momentum “A deficit in the copper market is set to deepen over the next several years as supply of the widely used metal struggles to keep up with strong demand from the power and construction sectors, compounded by the proliferation of electric vehicles” S&P Global M
Slide 7: Kutcho Copper offers a strong share structure
7 | TSXV: KC Kutcho Copper offers a strong share structure Capital structure Shares issued 88,100,026 75% Retail + other Stock options 8,057,000 11% Capstone Warrants 17,549,425 9% Wheaton 5% Management Major shareholders Capstone Mining: 11% Wheaton Precious Metals: 9%
Slide 8: Wheaton financing provides over $100m
8 | TSXV: KC Wheaton financing provides over $100m Precious metals stream Metal % contribution to revenue US$7 million provided to fund the feasibility study US$58 million for development capital Up to an additional US$20 million towards development capital if Kutcho expands to a 4,500 tpd operation
Slide 9: A development-friendly region with a number of major projects
9 | TSXV: KC N Kutcho A development-friendly Dease Lake Property with 100km region with a number of access road major projects in various Red Chris Kemess phases of development Galore Creek KSM & construction, with Mt Milligan Brucejack Port of Stewart local skilled workforce Kitsault Smithers Produ
Slide 10: Kutcho is an accessible project with on-site and nearby infrastructure
10 | TSXV: KC Kutcho is an accessible project with on-site and nearby infrastructure situated within subtle terrain Accessibility Port facilities Existing field camp First Nations 100 km of existing ground in Stewart ~400 km from with 900m long gravel ongoing engagement with access; Airstrip on prope
Slide 11: The Kutcho project covers 90% of the prospective Kutcho formation rocks
11 | TSXV: KC The Kutcho project covers 90% of the prospective Kutcho formation rocks Kutcho Deposit SOUTH NORTH Andrea Creek Limestone Andrea Creek Limestone Nahlin King Salmon Andrea Thrust Fault The prospective volcanic rocks are Thrust Fault Creek Kutcho Limestone Fault folded, repeating the min
Slide 12: Kutcho updated resources by category
12 | TSXV: KC Kutcho updated resources Measured by category Indicated Inferred Drillholes Main Sumac Esso 500m
Slide 13: Kutcho updated resources Sept 2020
13 | TSXV: KC Kutcho updated resources Sept 2020 GRADE Tonnes Resources CuEq (%) Cu (%) Zn (%) Au (%) Ag (%) Pb (%) The estimates in the table form coherent bodies that are (000) considered amenable to underground extraction methods based on the following parameters: Metal Prices: Copper Main Deposi
Slide 14: 2017 PFS Economics
14 | TSXV: KC 2017 PFS Economics ● After tax NPV of C$265 million and IRR of 27.6% ● After tax cumulative undiscounted Cash Flow of C$550 million ● Initial capex of C$221 million ● PFS “base case” metal price assumptions of US$2.75/lb Cu & US$1.10/lb Zn Production highlights (Based on 2017 PFS) 12 y
Slide 15: Flotation metallurgy results 2019-2020
15 | TSXV: KC Flotation metallurgy results 2019-2020 GRADE RECOVERY Weight Product Cu (%) Zn (%) Au (g/t) Ag (g/t) Cu (%) Zn (%) Au (%) Ag (%) (%) Main Lens Global Composite Cu concentrate 6.0 25.0 11.8 2.09 280 87.4 30.9 36.9 59.0 Zn concentrate 2.7 1.80 54.6 3.03 98 2.8 63.8 23.0 9.2 Feed (MC4) 10
Slide 16: Cyanide leach of pyrite concentrate results
16 | TSXV: KC Cyanide leach of pyrite concentrate results Combined with LOM LCT projections yields 96.4% copper, 82.9% silver, and 70.4% gold recovery RECOVERY Product Cu (%) Au (%) Ag (%) Preliminary Investigation of cyanide Pyrite concentrate 6.6 28.7 18.7 leach of the cleaner tailing's streams fr
Slide 17: Environmental permitting is subject to only the provincial review process
17 | TSXV: KC Environmental permitting is subject to only the provincial review process LOADING The Company has filed the Project Description in September 2019 & initiated the BC Environmental Permits will be issued after Assessment (EA) completion of EA process & issuance of EA certificate Recent bas
Slide 18: First Nations – Tahltan & Kaska Dena
18 | TSXV: KC First Nations – Tahltan & Kaska Dena Kutcho Copper executed an Exploration Agreement with Tahltan Central Government in April 2018 and renewed their Communications Agreement in January 2020 Exploration Agreement signed with Kaska Dena Nation in February 2019 Continued engagement with F
Slide 19: Kutcho Copper's work program
19 | TSXV: KC Kutcho Copper’s work program Submission of project Delivery of Feasibility Study Construction decision description in Q3 2019 anticipated Q1-Q2 2021 estimated Q3-Q4 2023 initiated BC Environmental Assessment Process (“EA”) 2020 2021 2022 2023 Phases Q1 Q2 Q3 Q4 H1 H2 Baseline Studies M
Slide 20: Kutcho also has strong upside potential
20 | TSXV: KC Kutcho also has Measured strong upside potential Indicated Inferred Drillholes Drill target areas 1 The Main-Sumac Gap: identifies a 400 m by 380m panel between Main and Sumac that is untested by drilling Main Sumac Esso 500m 2 Open Down Dip: 36% of Main, 50% of Esso and 4 100% of Sumac
Slide 21: There are several under-explored exploration targets
21 | TSXV: KC N Esso Deposit There are several Sumac Deposit under-explored Main Deposit exploration targets Multiple repeated VMS sulphide horizons are under-explored No significant exploration conducted on the property since 1990 High priority targets: 10km 1 documented sulphide horizons 2 VTEM con
Slide 22: Tel info@kutcho.ca Email
TSXV: KC TSXV: KC +1 604-628-5623 info@kutcho.ca Kutcho.ca Suite 717 1030 West Georgia St. Tel Email Website Vancouver, BC Canada V6E 2Y3 22
Slide 23: Appendix
23 | TSXV: KC Appendix
Slide 24: Technical information compliance with NI 43-101
24 | TSXV: KC Technical information compliance with NI 43-101 The technical information in this presentation (the “Technical Information”) has been approved by Rory Kutluoglu, B.Sc. The Project will be subject to a number of federal, provincial and P.Geo., Vice President of Exploration of Kutcho Cop
Slide 25: Kutcho 2017 probable reserves
25 | TSXV: KC Kutcho 2017 probable reserves GRADE CONTAINED METAL Cu cut-off Cu Classification Tonnage Cu Zn Au Ag CuEq2 Zn Au Ag grade (Kt) (%) (%) (%) (%) (%) (Mlbs) (Mlbs) (Moz) (Moz) (%) Main Probable 1.5 8,106 1.92 2.51 0.31 28.0 2.59 344 449 0.08 7.3 Reserve 3 Esso Probable 1.0 2,335 2.32 5.53