Luca Mining Corp · TSXV:LUCA
Luca Mining — Investor Presentation (November 2024)
23 slides from Luca Mining's investor presentation, Nov 15, 2024
Slide 1: Optimization, Exploration, Expansion
TSX-V: LUCA | OTCQX: LUCMF | FRANKFURT: Z68 | L U C A LMUI CNAI MN IGN .I C NGO .M COM 1 Optimization Exploration Expansion PRODUCtion gold/zinc/copper/silver/lead cash flow DISTRICT SCALE exploration
Slide 2: Forward Looking Statements
LUCAMINING.COM 2 Canadian regulatory agencies and available at www.sedarplus.ca. The Company Company’s anticipated future business operations. The Company disclaims any FORWARD LOOKING STATEMENTS believes that the expectations reflected in Forward-Looking Information in this Corporate Presentation a
Slide 3: Mexican Mining Experts
LUCAMINING.COM 3 MEXICAN MINING EXPERTS Some of the largest mining companies in the world Mining in Mexico surround us in Mexico We know Mexico - and our experienced management team and our knowledge of the Mexican mining landscape give us a competitive advantage in the industry 3
Slide 4: Our Metal Breakdown
LUCAMINING.COM 4 OUR METAL BREAKDOWN 18% COPPER 41% GOLD 18% COPPER ~50/50 Precious and Base NET REVENUE BY METAL 15% SILVER 2% LEAD 24% ZINC 4
Slide 5: The Luca Story
LUCAMINING.COM 5 The Luca Story TAHUEHUETO 2 fully permitted operating mines in PRODUCTION 2024 ~70k oz Au Eq Significant production upside potential 2024 AVERAGE AISC YTD $1,633 Q1 & Q2 average from both mines De-risked operations $500+ million Mexico producing No further major capex infrastructure
Slide 6: Our Plan Q4 and Beyond
LUCAMINING.COM 66 Our Plan Ramp up Campo Morado New contractor - reach 2,000 tpd throughput Q4 AND BEYOND Optimize Campo Morado Sustainable optimized recoveries – implement copper/lead separation Explore Campo Morado Explore Campo Morado’s extraordinary upside potential. These primary areas of focus
Slide 7: What this Means
LUCAMINING.COM 7 What this Means Our mines are permitted, Our mines have in production, generating development and resource cash flow and are upside and optimization at profitable – our foundation both projects is ongoing on which to grow Clean balance sheet - The blue sky for the pay off debt by mi
Slide 8: Campo Morado
LUCAMINING.COM 8 GLOBAL M&I GOLD ZINC COPPER SILVER LEAD 16.6 Mt M&I 700 Koz M&I 1.2 Blbs M&I 0.2 Blbs M&I 62 Moz M&I 0.3 Blbs M&I CAMPO Location Guerrero State 121 sq km Processing 2,400 tpd throughput capacity (crushing, milling, flotation) MORADO Ownership 100% 2024E Full Year Production 43,000-5
Slide 9: Optimization at Campo Morado yielding excellent results
LUCAMINING.COM 9 Optimization at Bulk Conc Grade (Cu%) Cu Recovery (Bulk) CAMPO MORADO yielding 16% 13.9% 14.7% 14.3% 14.5% 14.9% 80% 70% 65% 71% excellent results 12% 8% 10.4% 60% 40% 43% 43% 48% 4% 20% Q4 0% 0% 2023 Initiated Q1 Q2 2023 Q3 Q4 Q1 2024 Q2 Q1 Q2 2023 Q3 Q4 Q1 2024 Q2 Optimization Pro
Slide 10: Exploration upside at Campo Morado
LUCAMINING.COM 10 Main Declines, Development (looking North) G9, Naranjo and Largo Ore Bodies exploration upside at Campo morado • Well-defined, drilled and developed ore bodies • Higher Cu recovery, should increase economical and mineable resources Large amounts of technical data: Surface & structu
Slide 11: Exploration upside at Campo Morado
LUCAMINING.COM 11 Drill Gravity exploration upside collars survey at Campo morado EXPLORATION 4 of top 10 TARGETS “Drill ready” 38 Targets Mining Concessions >12,000 hs 11
Slide 12: Tahuehueto
LUCAMINING.COM 12 GLOBAL M&I GOLD ZINC COPPER SILVER LEAD 6.3 Mt M&I 425 Koz M&I 273 Mlbs M&I 36 Mlbs M&I 9 Moz M&I 123 Mlbs M&I Tahuehueto Location Durango State 75 sq km Processing 1,000 tpd throughput capacity (crushing, milling, flotation) Ownership 100% 2024E Full Year 17,000-20,000 Au equivale
Slide 13: Tahuehueto
LUCAMINING.COM 13 Tahuehueto LEVEL 12 & 14 PORTALS LEVEL 20 PORTAL CRUSHING CIRCUIT MINE CAMP PROCESS PLANT 13
Slide 14: Transformative exploration potential at Tahuehueto
LUCAMINING.COM 14 Main Declines, Development G9, Naranjo and Largo Ore Bodes Transformative exploration potential at tahuehueto EXPLORATION OBJECTIVES • Step-out drilling along strike (north and south) • Determine vertical extent of mineralization • Drill and explore multiple, known, untested First
Slide 15: Luca corporate stats
LUCAMINING.COM 15 Luca corporate stats PRICE CHART One Year LUCA LUCMF Z68 TSXV OTCQX Frankfurt Shares 198 million Outstanding Fully Diluted 294 million Market Cap C$116.9 million (Oct 31, 2024) 52 Week C$0.72 high C$0.20 low SHAREHOLDER BASE Debt U$18.1 million of which U$5.8 Updated 16% CLOSE MGMT
Slide 16: A strong Board of directors
LUCAMINING.COM 16 Dr. Neil O’Brien DIRECTOR A strong Board of directors Economic geologist and former mining executive with three decades of industry service including Board of Director roles in public and private mineral exploration companies. Dr. O'Brien retired in 2018 Mine builders | Opportunity
Slide 17: A strong management team
LUCAMINING.COM 17 A strong management team Effective Execution Dan Barnholden Ramon Perez Paul Gray, P.Geo Armando Lisa Dea CPA, CA Israel Munoz, CPA, CA CEO President VP Exploration Alexandri, M.Eng Chief Financial Officer VP Financial Chief Operating Officer Dan Barnholden is a seasoned Mining exe
Slide 18: What's next
LUCAMINING.COM 18 What’s next We see a near-term with significant and longer term valuation re-rating additional upside growth ahead The Campo Morado copper/zinc mine Production upside at both mines •M&A growth has undergone a highly successful Targeting doubling production to •Targeting mid-tier ra
Slide 19: Thank You
LUCAMINING.COM 19 Thank You LUCAMINING.COM TSX-V: LUCA OTCQX: LUCMF FRANKFURT: Z68
Slide 20: Appendix
LUCAMINING.COM 20 APPENDIX 20
Slide 21: Campo Morado Resources
LUCAMINING.COM 21 Campo Morado Resources RESOURCES (NI 43-101 Compliant, March 2018) 21
Slide 22: Tahuehueto resources
LUCAMINING.COM 22 Tahuehueto resources RESERVES & RESOURCES (NI 43-101 Compliant, April 2022) 22
Slide 23: A look at our production by metal
LUCAMINING.COM 23 A look at our production by metal Internal Estimated production by metal Over time we expect Campo Morado to account for approximately 70% of gold equivalent Gold Silver Copper Zinc Lead Gold Equiv production and Mine (oz/year) (oz/year) (lbs/year) (lbs/year) (lbs/year) (oz/year) T