Faraday Copper Corp · TSX:FDY

Faraday Copper — Investor Presentation (September 2022)

51 slides from Faraday Copper's investor presentation, September 2022

1. Slide 1: Developing U.S. Domestic Sources of Copper

   Developing U.S. Domestic Sources of Copper ANALYST PRESENTATION September 2022

2. Slide 2: Cautionary Statement

   CAUTIONARY STATEMENT Some of the statements in this presentation, other than statements of historical fact, are “forward-looking statements” and are based on the opinions and estimates of management as of the date such statements are made and are necessarily based on estimates and assumptions that a

3. Slide 3: Bringing a Senior Mining Company Expertise

   BRINGING A SENIOR MINING COMPANY EXPERTISE MANAGEMENT Paul Harbidge Graham Richardson Dr. Thomas Bissig Zach Allwright Aaron Cohn Angela Johnson Stacey Pavlova President, CEO & Director Chief Financial Officer VP Exploration VP Projects & VP & Country VP Corp Development VP Investor Relations Evalua

4. Slide 4: Faraday Copper: Corporate Overview

   FARADAY COPPER: CORPORATE OVERVIEW Well-positioned for Success C$17.0 M C$57.6 M 123.0 M 15.0 M 12.5 M 1.7 M Cash & Market Shares Options Warrants Restricted Equivalents Capitalization Outstanding Share Unites (June 30, 2022) Financing Shareholders (May 2022) C$20 M Private Placement (May 2022) Anal

5. Slide 5: ESG Framework

   ESG FRAMEWORK Bringing a Senior Company Approach to ESG TECHNICAL EXCELLENCE ENVIRONMENT Utilizing empirical evidence to support technical decisions A responsible steward of the natural environment  MRE underpinned by a geological model  On-going baseline and monitoring programs, U.S.  Empirical

6. Slide 6: Project Timeline & Milestones

   PROJECT TIMELINE & MILESTONES 2022 2023 2024 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Copper Creek, Arizona Environmental data gathering Strategic review of existing data Phase 1 diamond drilling Geological model developed Updated mineral resource estimate Metallurgical test work Geotechnical studies Pha

7. Slide 7: Copper Creek

   COPPER CREEK PINAL COUNTY, AZ

8. Slide 8: Copper Creek: Top Mining Jurisdiction

   COPPER CREEK: TOP MINING JURISDICTION  100% owned property in Pinal County, Pinto Valley Arizona, USA Arizona — a top ranked mining Globe-Miami jurisdiction in the world ARIZONA Resolution Ray Morenci  Near mining and service hubs: ~120 road km northeast of Tucson Copper Creek ~25 road km northeas

9. Slide 9: Copper Creek: Property Package

   COPPER CREEK: PROPERTY PACKAGE  ~41 km2 property package  Contiguous group of patented and unpatented Federal claims and Arizona prospecting permits Within the mineral claims boundary there is:  No urbanization or residential footprint  No protected national forest Mineral Resource  No protecte

10. Slide 10: Copper Creek: Surface Geology

    COPPER CREEK: SURFACE GEOLOGY Pleistocene to Quaternary Galiuro Volcanics (Paleogene) Laramide Porphyry Laramide Granodiorite Glory Hole Volcanics Mesozoic Sedimentary Rocks Paleozoic Sedimentary Rocks Proterozoic Metasedimentary Rocks Proterozoic Intrusive Rocks Veins Interpreted faults faradaycopp

11. Slide 11: Surface Vein Mapping

    COPPER CREEK: SURFACE VEIN MAPPING faradaycopper.com I page 11

12. Slide 12: Copper Creek: Geophysical Data

    COPPER CREEK: GEOPHYSICAL DATA Aeromag Reduced to Pole Ground Magnetics Reduced to Pole ZTEM inversion 350m depth slice A ZTEM inversion through Mammoth Bx, NE-SW section A’ A faradaycopper.com I page 12

13. Slide 13: Copper Creek: Surface Geochemistry

    COPPER CREEK: SURFACE GEOCHEMISTRY Well defined zonation with Cu and Mo in the core and a Mn-Zn halo Sb anomalies extending to NW and S faradaycopper.com I page 13

14. Slide 14: Copper Creek: Alteration

    COPPER CREEK: ALTERATION  District hydrothermal alteration dominated by secondary biotite and patchy K-feldspar  Quartz tourmaline primarily in breccia pipe cement and disseminated in mineralizing porphyry textured rocks  Silicification and sericite alteration governed by sheeted vein and breccia

15. Slide 15: Copper Creek: Age Dating

    COPPER CREEK: AGE DATING  Lithologies  Glory Hole Volcanics: 63 Ma  Copper Creek Batholith: 62 Ma  Porphyry Phases (6): 62 - 61 Ma  Mineralization  Molybdenite: 61 - 58 Ma  Alteration  Sericite: 62 - 60 Ma faradaycopper.com I page 15

16. Slide 16: Copper Creek: Large Mineralized System

    COPPER CREEK: LARGE MINERALIZED SYSTEM DEEP/EARLY MINERALIZATION SHALLOW/LATE MINERALIZATION 1 cm Quartz-sericite alteration A-vein, K-spar alteration, Breccia chalcopyrite- Myarolitic Cavity Early Halo Vein with molybdenite and anhydrite chalcopyrite D-veins quartz cement faradaycopper.com I page 1

17. Slide 17: Copper Creek: Paragenetic Sequence

    COPPER CREEK: PARAGENETIC SEQUENCE American Eagle: K-feldspar American Eagle: quartz vein cut by A-vein tourmaline vein with sericite halo faradaycopper.com I page 17

18. Slide 18: Copper Creek: Geological Model

    COPPER CREEK: GEOLOGICAL MODEL Legend  Mineralization centred on Copper Creek batholith (Laramide age) Vein Breccia  Emplaced into Precambrian and Paleozoic sediments and Paleocene Glory Hole Porphyry Volcanics Copper Creek Batholith  The district is marked by over 400 breccias, concentrated in t

19. Slide 19: Copper Creek: Geological Model

    COPPER CREEK: GEOLOGICAL MODEL Batholith Zonation SE NW Cu %  Copper Creek Batholith (~62 Ma) intrudes Glory Hole American Eagle Volcanics (~63 Ma) in the west and Proterozoic Old Mammoth metamorphic rocks in the east Reliable  Th/Sc ratios show batholith zonation with the highest Diorite border c

20. Slide 20: Copper Creek: Geological Model

    COPPER CREEK: GEOLOGICAL MODEL Alteration  Alteration of early-halo veins consist of A Mammoth American Eagle B Feldspar Alteration Diagram biotite-muscovite-sericite-potassium feldspar  More intense potassic alteration localized in the Keel zone (magmatic cupola)  Some early-halo veins are explo

21. Slide 21: Copper Creek: Geological Model

    COPPER CREEK: GEOLOGICAL MODEL MRE Underpinned by Geological Model Key takeaways  Integration of multiple empirical datasets NW SE  Main deposit is comprised of the Mammoth and deep Keel system  Dimensions: ~430 m x 270 m with 1,430 m vertical extent  Highest grades of mineralization near surfac

22. Slide 22: Copper Creek: Mineral Resources (July 2022)

    COPPER CREEK: MINERAL RESOURCES (July 2022) 83% of Combined Open Pit and Underground MRE is in the M&I Category Tonnes Cu Mo Ag CuEq Cu Mo Ag CuEq Category (Mt) (%) (%) (ppm) (%) (Mlbs) (Mlbs) (Moz) (Mlbs) Open Pit NI 43-101 MRE M&I 84.6 0.55 0.009 1.3 0.58 1,030.6 16.0 3.6 1,082.5 Inferred 29.3 0.3

23. Slide 23: Significant Scale Potential

    COPPER CREEK: SIGNIFICANT SCALE POTENTIAL Open Pit and Bulk Underground Extraction Potential Open Pit Grade Distribution A 1,300RL Globe Copper A Copper Prince Old Reliable A’ N Prince Marsha 1,200RL OPEN PIT Old Childs Reliable Aldwinkle 1,100RL A’ Mammoth Bald 100 metres 500 metres PLAN VIEW Under

24. Slide 24: Copper Creek: Grade-Tonnage Sensitivity

    COPPER CREEK: GRADE-TONNAGE SENSITIVITY Offers Optionality for Higher-Grade or Larger-Tonnage Operation Open Pit Mineral Resources Sensitivity Measured and Indicated Inferred Cut-off Grade Tonnes CuEq Grade Contained Metal Tonnes CuEq Grade Contained Metal (CuEq %) (Mt) (CuEq %) (CuEq Mlb) (Mt) (CuE

25. Slide 25: Copper Creek: Metallurgical Test Work

    COPPER CREEK: METALLURGICAL TEST WORK High Metal Recoveries and Clean Quality Concentrate  Extensive test work completed on 18 composites  Open cycle Cu-Mo second cleaner flotation testing supports copper recoveries of 92% in Sulphide domain  Sulphide domain represents 92% of total MRE tonnes  L

26. Slide 26: Copper Creek: Metallurgical Test Work

    COPPER CREEK: METALLURGICAL TEST WORK MSRDI Consultants (1997) METCON (2008 - 2012) Rougher flotation tests on 4 composite samples: Rougher flotation tests were on 14 composite samples  3 composites [Childs Aldwinkle breccia]  Keel & American Eagle  1 composite [Mammoth breccia]  Mid grade Globe

27. Slide 27: Copper Creek: Technical Study Evolution

    COPPER CREEK: TECHNICAL STUDY EVOLUTION Mass Mining Options from Open Pit & Underground: Historically Deemed Viable 1997 AMT FS (50% earn-in from BHP). Included Childs Aldwinkle, Mammoth and Old Reliable for 5,000tpd 1997 Independent review (value engineering) 2000 AMT FS update. Lower Mammoth-Keel

28. Slide 28: Copper Creek: Potential Infrastructure

    COPPER CREEK: POTENTIAL INFRASTRUCTURE Property Presents Optionality on Infrastructure Placement  All infrastructure prioritizes private surface  Potential mill placement ~2 km to the west of mining activity, situated on favorable topography  PEA will investigate material handling options, includ

29. Slide 29: Copper Creek: Potential Infrastructure

    COPPER CREEK: POTENTIAL INFRASTRUCTURE Potential Mill Location Isometric view looking northeast faradaycopper.com I page 29

30. Slide 30: Copper Creek: Potential Infrastructure

    COPPER CREEK: POTENTIAL INFRASTRUCTURE Studies Confirmed Adequate Tailings Capacity & Favorable Waste Rock Characterization Golders (2007 – 2008) considered four tailing sites:  Study determined 100 mt capacity at site 1+2  180 mt capacity at site 3+4. All sites demonstrated expansion potential 

31. Slide 31: Copper Creek: Independent Consultants

    COPPER CREEK: INDEPENDENT CONSULTANTS Mineral Resource Estimate and Mine-to-Mill Assessment  SRK Consulting, Ausenco Engineering, and Call & Nicholas (CNI) to deliver an updated MRE and Mine- Deliverable Consultant Location Scope to-Mill assessment by the end of Q3 2022 Mineral Delivery and provisi

32. Slide 32: Copper Creek: A Development Story

    COPPER CREEK: A DEVELOPMENT STORY Optimization Opportunities Supported by over US$80 M of Data GEOTECHNICAL METALLURGICAL Core Logging and Televiewer Flotation Testwork Data Comminution Testwork Stability Analysis Mineralogical Studies Structural and Fragmentation Cu:Mo Separation Analysis Testwork

33. Slide 33: Copper Creek: Phase I Drill Program Results

    COPPER CREEK: PHASE I DRILL PROGRAM RESULTS  Intercepted high-grade copper mineralization at the Mammoth breccia (FCD-22-008) 26.0 m at 0.76% Cu, A’ 0.67 g/t Ag, from surface A  Defined new near-surface mineralized zones within 60 m from Childs Aldwinkle (FCD-22-005) Mammoth  Expanded the upper K

34. Slide 34: Copper Creek: District Exploration Upside

    COPPER CREEK: DISTRICT EXPLORATION UPSIDE Most of the Drilling is Within the Resource Area, Offering Significant Untested Upside  Data integration completed, covering:  Geological mapping, geophysics, geochemistry, geochronology, spectral data, vein density mapping, petrography, alteration, and st

35. Slide 35: Contact Copper

    CONTACT COPPER ELKO COUNTY, NV

36. Slide 36: Contact Copper: Exploration Upside

    CONTACT COPPER: EXPLORATION UPSIDE  100% owned, 5,900+ acres of patented and unpatented mining claims in Nevada, US  Excellent access to a major highway, power, water and local mining services Contact Copper  Open pit, heap-leach copper oxide opportunity Elko  Deposit open in all directions; add

37. Slide 37: Investment Opportunity

    “S| FARADAY COPPER “a OX a ‘ iy — ‘Dos: ey XN \ ARN INVESTMENT OPPOR vy { 1 y a { i

38. Slide 38: Electrification Fueling Copper Demand

    ELECTRIFICATION FUELING COPPER DEMAND Forecasted Supply Deficit will Impact De-carbonization Commitments Globally Forecast Global Refined Copper Demand Forecast Refined Copper Supply Deficit faradaycopper.com I page 38

39. Slide 39: Lack of U.S. Copper Development Projects

    LACK OF U.S. COPPER DEVELOPMENT PROJECTS Copper Creek is a Sizable U.S. Copper Development Project Held by a Junior M&I Grade and Contained Mineral Resources (CuEq) (2) 1,349 Active, Development-Stage Copper Primary Projects Globally 1.0% 6.0 Contained CuEq M&I Contained CuEq M&I (Blbs CuEq) 0.9% Mi

40. Slide 40: Faraday Copper: Compelling Investment

    FARADAY COPPER: COMPELLING INVESTMENT Peers with U.S.-based Copper Development Projects Enterprise Value / Resources (US¢/lb CuEq) (1)(2) Price / Net Asset Value (x) (3) 12.0¢ 0.8x 9.9¢ 0.6x 9.0¢ 8.2¢ 0.6x 0.5x 0.5x 6.0¢ 0.4x Average (excluding Faraday): 0.3x Average (excluding Faraday): 3.0¢ 0.3x 0

41. Slide 41: The next U.S. source of copper

    The next U.S. source of copper Scarcity of development-ready copper projects Large undeveloped Mineral Resource at Copper Creek with open pit and underground mining optionality Compelling investment opportunity based on market capitalization relative to Mineral Resource Experienced management and bo

42. Slide 42: Appendix

    FARADAY COPPER APPENDIX

43. Slide 43: Copper Creek: Mineral Resources (July 2022)

    COPPER CREEK: MINERAL RESOURCES (July 2022) Grade Contained Metal Category Tonnes (Mt) Cu Mo Ag CuEq Cu Mo Ag CuEq (%) (%) (g/t) (%) (Mlbs) (Mlbs) (Moz) (Mlbs) Open Pit (OP) Measured 38.9 0.68 0.010 1.8 0.72 584.2 8.7 2.2 614.6 Indicated 45.7 0.44 0.007 0.9 0.46 446.4 7.2 1.3 467.8 M&I 84.6 0.55 0.0

44. Slide 44: Copper Creek: Notes to Mineral Resources

    COPPER CREEK: NOTES TO MINERAL RESOURCES  The Mineral Resources in this estimate were calculated using the CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines (CIM, 2014) prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council.  All dollar a

45. Slide 45: Copper Creek: Project History

    COPPER CREEK: PROJECT HISTORY Year Year 1903 Copper Creek Mining Company acquired claims AMT acquired Copper Creek from Magma and conducted extensive drilling, 1994 geochemical sampling, ground magnetic and radiometric surveys Calumet and Arizona Mining Company (C&A) explored the Copper Giant, Coppe

46. Slide 46: Copper Creek: MRE Assumptions & Methodology

    COPPER CREEK: MRE ASSUMPTIONS & METHODOLOGY Key Assumptions Methodology Open Pit  Grade estimation based on parent blocks of 20 m (X-Y-Z)  Reasonable prospects for eventual economic extraction (“RPEEE”)  Raw assay samples were averaged into 6.1 m composites constrained within estimation domains a

47. Slide 47: Copper Creek: Grade-Tonnage Curves

    COPPER CREEK: GRADE-TONNAGE CURVES Grade-Tonnage Curve: Open Pit M&I Mineral Grade-Tonnage Curve: Open Pit Inferred Mineral Resources Resources 180 1.4 70 1.2 160 60 Average CuEq grade above cut-off (%) 1.2 Average CuEq grade above cut-off (%) 1 140 Tonnes above cut-off (Mt) Tonnes above cut-off (Mt

48. Slide 48: Copper Creek: Metallurgical Test Work

    COPPER CREEK: METALLURGICAL TEST WORK METCON (2008-2012) Cu-Mo second cleaner flotation test results on composite samples  Rougher flotation tests on 14 composite samples  Keel & American Eagle  Mid grade Globe breccia  High grade Globe breccia  Strongly oxidized Copper Prince  Weakly to unoxi

49. Slide 49: Copper Creek: Spectral Mineralogy

    COPPER CREEK: SPECTRAL MINERALOGY ASTER “alteration” enhancement image Yellows and whites indicate presence of sericite and / or kaolinite faradaycopper.com I page 49

50. Slide 50: Copper Creek: Intrusive Phases

    COPPER CREEK: INTRUSIVE PHASES Example: American Eagle Breccia faradaycopper.com I page 50

51. Slide 51: Contact Information

    CONTACT INFORMATION STACEY PAVLOVA, CFA Suite 250, 200 Burrard Street VP Investor Relations Vancouver, BC Canada 778-730-1067 www.faradaycopper.com info@faradaycopper.com

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