Los Andes Copper Ltd. · TSXV:LA
Los Andes Copper — Investor Presentation (November 2021)
21 slides from Los Andes Copper's investor presentation, Nov 3, 2021
Slide 1: Advancing Chile's Next Major Copper Mine
ADVANCING CHILE’S NEXT MAJOR COPPER MINE TSX-V: LA Corporate Presentation – November, 2021 1
Slide 2: Disclaimer
DISCLAIMER Certain of the information and statements contained in this presentation constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking information is often, but not always, identified by the use of words such as: “believe”, “expect”, “anticipat
Slide 3: Los Andes Copper – World Class Copper on the Move
LOS ANDES COPPER – World Class Copper on the Move • Los Andes owns a 100% interest in a World Class Copper Asset that is advancing to important milestones NOW at a great time for Copper • Significant Leverage to Copper with 13 Billion Pounds Measured and Indicated Resource • The Company will be incr
Slide 4: Fundamentals of Los Andes Copper
FUNDAMENTALS OF LOS ANDES COPPER Vizcachitas is a Tier 1 Long term community Chile has been a mining Copper is a critical deposit in one of the relations in place to country for over a century element to sustain the most prolific copper belts socialize the key aspects and is considered one of the gl
Slide 5: Corporate Update
CORPORATE UPDATE • Strengthened the Board • Corinne Boone – Non-executive Director and Board Chair of the Major Shareholders of Los Andes Copper Ltd Environmental, Social, and Governance Committee • Warren Gilman – Non-executive Director • Plan to continue to enhance the executive management team •
Slide 6: Directors
Management team has the track record and expertise to take Vizcachitas through the development DIRECTORS process and into production FERNANDO PORCILE, Executive Chairman EDUARDO COVARRUBIAS, Vice Chairman • Mining Engineer from the University of Chile & MSc in Mineral • Industrial and Chemical Engin
Slide 7: Management
Management team has the track record and expertise to take Vizcachitas through the development MANAGEMENT process and into production R. MICHAEL JONES, Chief Executive Officer and President • Bachelor’s Degree in Applied Science, Geological Engineering from the University of Toronto and an engineeri
Slide 8: Vizcachitas in the Community
VIZCACHITAS IN THE COMMUNITY Los Andes Copper works closely with the community in order to support the development of local businesses, develop human capital and maintain its high environmental standards • Social Engagement • Regular meetings with stakeholders, including local authorities and the co
Slide 9: Solid Economics Supporting the Project
SOLID ECONOMICS SUPPORTING THE PROJECT 2019 PEA economics significantly upgraded (base case 110 ktpd mill) 26.7% US$2.7 billion $3.50/lb NPV @ 8% (post tax) IRR Copper price US $4.6 billion NPV @ 5% (post tax) 20.8% US$1.8 billion $3.00/lb NPV @ 8% (post tax) IRR Copper price US $3.2 billion NPV @ 5
Slide 10: Significant Work Undertaken Since 2019 PEA
SIGNIFICANT WORK UNDERTAKEN SINCE 2019 PEA • The 2019 PEA provided a conceptual plan for developing an Area 2019 PEA 2022E PFS Impact economic open pit operation at Vizcachitas: Processing SAG Mill grinding HPGR circuit ⁻ Lower energy • US$2.7bn NPV and 26.7% IRR circuit consumption • US$1.9bn initi
Slide 11: Key Local Infrastructure
KEY LOCAL INFRASTRUCTURE Advantageous location - excellent access to infrastructure 120 km 45 - 85 km Railway line from San Towns and cities with Felipe to Ventanas skilled mining labour force concentrate smelter & port 60 km* 500 l/sec 2,000 m To 220 KV substation Water rights Low elevation, mild c
Slide 12: Located Along Chile's Most Prolific Copper Belt and in the Heart of the District
LOCATED ALONG CHILE’S MOST PROLIFIC COPPER BELT Proven & Probable Measured & Indicated Inferred Resources Reserves Resources Project Cu lb Cu lb Cu lb billions billions billions Los Pelambres 15.0 39.2 28.6 Los Bronces 16.4 8.8 27.9 Rio Blanco-Andina 20.3 81.1 217.4 El Teniente 24.5 83.3 123.7 Sourc
Slide 13: Exploration Upside
• Vizcachitas deposit is open in multiple directions near surface and at depth EXPLORATION UPSIDE • The deposit is on Chile’s most prolific copper belt, sitting within a highly prospective region with proven geological stability • 2021 drilling program: • In-fill drilling targeting know higher-grade
Slide 14: Further Upside in Vizcachitas' District
FURTHER UPSIDE IN VIZCACHITAS’ DISTRICT • Vizcachitas has a substantial land holding (308 km2) of which only a small portion has been properly explored • Geological mapping and geophysics have identified drill ready targets to north of current mineral resource TSX-V: LA / 14
Slide 15: Leveraged Exposure to Copper
LEVERAGED EXPOSURE TO COPPER US$1.8 billion after-tax NPV (8%) at $3.0 /lb Copper C1 Cash Costs – US$1.36 /lb average C1 cash cost for the first 8 years US$2.7 billion after-tax NPV (8%) at $3.5 /lb Copper of production NPV (kUS$) Sensitivity Analysis – Copper Price Variation (After Tax) Vizcachitas
Slide 16: Undervalued Copper Developer
UNDERVALUED COPPER DEVELOPER • Los Andes Copper is undervalued on both a P/NAV and an EV/Resource basis relative to the peer set Resource EV/Resource Company Price [1] Market Cap [2] TEV M&I Total M&I Total NAV [3] P/NAV Stage Location (Local Curr.) (M US$) (M US$) (M lbs CuEq) (M lbs CuEq) (US$/lb)
Slide 17: Advancing Development of Vizcachitas
ADVANCING DEVELOPMENT OF VIZCACHITAS MILESTONES IMMEDIATE PATH Potential TO INCREASED VALUE Commencement RECOGNITION ENVIROMENT of commercial PERMITS AND operations CONST. 2027 Completion of FUNDING DFS 2024-2025 Completion of 2023-24 PFS Construction 1Q-2022 2025 - 2027 Drilling Results Updated Inc
Slide 18: Contacts
CONTACTS LOS ANDES COPPER (TSX-V: LA) R. Michael Jones, CEO Email: rmj@losandescopper.com Harry Nijjar, CFO Email: harry.nijjar@losandescopper.com Antony J. Amberg, Chief Geologist Email: antony.amberg@losandescopper.com info@losandescopper.com Los Andes Copper Ltd @LosAndesCopper BLYTHEWEIGH (Finan
Slide 19: Appendix
LOS ANDES COPPERux
Slide 20: Vizcachitas Mineral Resources
VIZCACHITAS MINERAL RESOURCES (effective date 5 June 2019) • Measured and Indicated Copper Resource of 1.28 billion tonnes at a copper grade of 0.40% and a copper equivalent grade of 0.45% Measured and indicated: o 11.2 billion pounds of copper o 400 million pounds of molybdenum o 43.3 million ounce
Slide 21: Copper Market
COPPER MARKET THE OUTLOOK FOR COPPER WILL Copper value chain – A widening market deficit is looming BE SIGNIFICANTLY IMPACTED BY • The widening market deficit in the copper sector will put further pressure on price EV BATTERY DEMAND • EVs will drive a modest supply-demand deficit between 2021-2024,
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