World Copper Ltd · TSXV:WCU
World Copper — Investor Presentation (May 2024)
27 slides from World Copper's investor presentation, May 24, 2024
Slide 1: Building America's Copper Company
TSXV: WCU | OTCQB: WCUFF | FRA: 7LY0 Building America’s Copper Company Corporate Presentation MAY 2024 TSXV: WCU \ OTCQX: 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 environmentally-sound oxide • 85% of global refined copper deposits, which are less production comes from sulphide expensive, easier to build, and concentration and smelting – expensive much faste
Slide 5: The Zonia Solution
A UNIQUE COPPER OXIDE OPPORTUNITY The Zonia Solution Permitting Advantage Infrastructure/Utilities • Private Patented Land • Power CAPITAL INTENSITY • Brownfield site • Water 25,000 • No tailings • Rail access 9 ,75 19 20,000 15 0 15 4 8 ,24 ,29 ,63 14 5 6 9 ,46 ,36 ,06 15 Supply Chain Copper Oxide
Slide 6: Copper Made in America: Arizona
ARIZONA: A PRIME MINING JURISDICTION Copper Made in America ARIZONA Canyon Uranium • Ranks 7th Global Mining – Fraser Flagstaff Institute Moss Gold Bagdad ZONIA • 71% of US copper supply is produced Kay Mine Pinto in Arizona Phoenix Valley Carlota Resolution Miami Morenci Florence Ray Cactus Safford
Slide 7: Zonia Project Mine Site
ZONIA PROJECT Mine Site 17.1 Mt mined from 1966 to 1975: 33.2 Pit panorama: Zonia mine site was pre-stripped in 1976 M lbs of cement copper produced from the 7.1 Mt ore Leach pad from former production processed. (7 Mt of Ore on pad) Mine site and buildings TSXV: WCU \ OTCQX: WCUFF \ FRA: 7LY0 7
Slide 8: Zonia Cross Section
DEVELOPMENT PLAN Zonia Cross Section TSXV: WCU \ OTCQX: WCUFF \ FRA: 7LY0 8
Slide 9: 2022 Copper Oxide Resource Estimate
NI 43-101 2022 Copper Oxide Resource Estimate ▸ Measured and Indicated Resources of 75.7 M short tons at 0.3% Cu containing 450.5 M lbs of copper (0.125-0.13% Cu cut-off). ▸ Inferred Resources of 122 M short tons at 0.24% Cu containing 575.4 M lbs of copper (0.125-0.13% Cu cut-off). Cut-off Short Gr
Slide 10: Zonia Land Position
PRIVATE LAND AND CLAIMS ON BLM LAND Zonia Land Position PHASE 1 BLM LAND ▸ Located solely on private land owned by Zonia. ▸ Approx. 9-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 11: 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 12: The Zonia Two-Phased Approach
DEVELOPMENT PLAN The Zonia Two-Phased Approach Phase 1: DE-RISKING PROJECT Resource FS Engineering Permitting DEVELOPMENT Update ON PRIVATE LAND 2023 2024 2025 2025 2026 2027 Phase 2: GROWTH New Targets EXPLORATION Drilling Zonia N New MRE Met Testing (sulphides) ON BLM LAND TSXV: WCU \ OTCQX: WCUFF
Slide 13: 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 14: 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 15: 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 16: 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 17: Addressing the Need for Carbon Neutrality in Mining
A GREENER PROCESS 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 18: Zonia's Outstanding Profile
COMPARISON WITH ARIZONA PEERS Zonia’s Outstanding Profile COPPER COPPER SANTA ZONIA CACTUS WORLD CREEK CRUZ CAPEX (initial + sustaining) = $100 M 233M* 1.74B 2.2B 2.66B 2.1B • Open Pit • Open Pit + • Open pit • Open Pit + • Underground Underground Underground RISK PROFILE • Oxide leaching • Oxide &
Slide 19: 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 9 years of production on private patented land (only state permits) PERMITTING • Brownfield site, pre-stripped (1:1) • Mining-fri
Slide 20: 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 21: 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 22: 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 23: 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 24: Advisory Board
WORLD COPPER Advisory Board DEREK WHITE | Advisor JOE PHILLIPS | Advisor Mr. White brings more than three decades of experience in the mining and Mr. Phillips is a senior mining executive and corporate director with a metals industry. Currently, he serves as a President and CEO of Ascot distinguishe
Slide 25: Share Structure
WORLD COPPER Share Structure 30% Insiders & Management 36% 58,835,211 shares Shares Outstanding: Public Float 194,554,067 66,547,956 shares Restricted Shares 69,170,100 shares 34% TSXV: WCU \ OTCQX: WCUFF \ FRA: 7LY0 25
Slide 26: Outperforming Peers
WORLD COPPER SHARE PERFORMANCE Outperforming Peers World Copper +306.7% Faraday Copper +59.2% Marimaca Copper +23.7% Arizona Sonoran +34.1% Dow Jones +3.2% Q1 2024: copper prices rose by 31%, Dow Jones gained 3.2% … and World Copper grew by 306% TSXV: WCU \ OTCQX: WCUFF \ FRA: 7LY0 26
Slide 27: Contact us
TSXV: WCU | OTCQB: 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 \ OTCQX: WCUFF \ FRA: 7LY0 27