Slide 1: Building America's Copper Company
TSXV: WCU \ OTCQX: WCUFF \ FRA: 7LY0 Building America’s Copper Company Corporate Presentation APRIL 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: The World Copper Opportunity
DEVELOPING TWO UNIQUE COPPER OXIDE PROJECTS The World Copper Opportunity ZONIA (Arizona) ESCALONES (Chile) BROWNFIELD Advanced brownfield project on SIZE Largest new copper oxide deposit private patented land in development in Chile 450 M lbs Cu 450 M lbs Cu in M+I and 575 M 3.4 B lbs Cu 3.4 B lbs C
Slide 4: US Copper Turns Green
ZONIA: A NEW WORLD MINE US Copper Turns Green The SX-EW copper processing method is Low Emission Energy Mix 38% less carbon intensive than traditional concentrate smelting and refining3 • Zonia could benchmark in 1st quartile of global copper emission intensity • Power to be supplied from a mix of g
Slide 5: Copper Made in America
ARIZONA: A PRIME MINING JURISDICTION Copper Made in America Canyon Uranium 71% of US copper supply is produced in Arizona. Flagstaff Moss Gold ZONIA Major mining companies operate 10 copper mines in Arizona. Bagdad Kay Mine Pinto Arizona hosts Resolution, a 1.7 Bt copper deposit, which will Phoenix
Slide 6: Zonia Copper Oxide Opportunity
PROJECT OVERVIEW Zonia Copper Oxide Opportunity ARIZONA Copper Oxide Porphyry Permitting Advantage Canyon Uranium • 74,000 m (247k ft) of drilling • Private Patented Land Flagstaff • 15km2 (3,712 acres) • Brownfield site Moss Gold • Oxide Expansion potential • No tailings Bagdad ZONIA Kay Mine Pinto
Slide 7: Zonia Copper-Oxide Deposit
FAST TRACK TO PRODUCTION Zonia Copper-Oxide Deposit ▸ Advanced brownfields project located in central Arizona, 100 miles NW of Phoenix. ▸ Over 74,000 meters (247k ft) of drilling in over 700 drill holes. ▸ 15km2 (3,712 acres) property. Past producing open pit on private 100% owned land surrounded by
Slide 8: The Zonia Dual Track Approach
DEVELOPMENT PLAN The Zonia Dual Track Approach DE-RISKING PROJECT PEA Update PFS/FS Engineering Permitting DEVELOPMENT 2023 2024 2025 2025 2026 2027 GROWTH New Targets EXPLORATION Drilling Zonia N New MRE Extended LOM (sulphides) TSXV: WCU \ OTCQX: WCUFF \ FRA: 7LY0 8
Slide 9: 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 and 73% CuT recoveries ▸ No smelting – a cleaner process with lower emissions ▸ No tailings – smaller environmental footprint ▸ L
Slide 10: Mine Site
ZONIA PROJECT Mine Site Pit panorama: Zonia mine site was pre-stripped in 1967 Leach pad from former production (7 Mt of Ore on pad) Mine site and buildings TSXV: WCU \ OTCQX: WCUFF \ FRA: 7LY0 10
Slide 11: 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 ▸ After-tax NPV (8%) of US$192 M, 29% IRR with a 2.9-year payb
Slide 12: 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 13: Zonia Cross Section
DEVELOPMENT PLAN Zonia Cross Section TSXV: WCU \ OTCQX: WCUFF \ FRA: 7LY0 13
Slide 14: 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 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: Parallel Exploration and Development
DEVELOPMENT PLAN Parallel Exploration and Development DE-RISKING PATH: DEVELOPMENT GROWTH PATH: EXPLORATION ▸ Updating PEA and producing PFS. ▸ Drilling at Zonia North to expand resource. ▸ Geotechnical and metallurgical drilling ▸ Additional in-fill drilling to improve the and testing. category or
Slide 17: Zonia's Key Advantages
IN THE HEART OF US COPPER COUNTRY Zonia’s Key Advantages • Accessible by road INFRASTRUCTURE • Powerline to the property • Railroad access 10 miles away • First 9 years of production on private patented land (only state permits) PERMITTING • Brownfield site, pre-stripped • Mining-friendly jurisdicti
Slide 18: Zonia's Outstanding Profile
COMPARING WITH ARIZONA PEERS Zonia’s Outstanding Profile COPPER COPPER ZONIA CACTUS SANTA CRUZ WORLD CREEK CAPEX (initial+sustaining) = $100 M • Open Pit + • Open Pit + • Open Pit Underground • Open pit Underground • Underground RISK PROFILE • Oxide leaching • Oxide and sulfide • Oxide and • Oxide l
Slide 19: Benchmarking with Copper Developers
10,000 15,000 20,000 25,000 - 5,000 WRN (Casino) 19 ,75 9 FDY (Copper Creek) 15 ,63 8 NCX (North Island) 15 ,29 4 HBM (Copper World) 15 ,24 0 IE (Santa Cruz) 14 ,46 5 FIL (Filo del Sol) 14 ,36 6 MUX (Los Azules) 14 ,06 9 LA (Vizcachitas) 13 ,11 4 OCO (S. Tomas) 10 TSXV: WCU \ OTCQX: WCUFF \ FRA: 7LY
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: 16,189 hectares, with an option to acquire 100% ownership. Distal ▸ Potential to discover new copper-gold porphyries targets Resource Estimate Statement Hard Rock Consulting LLC. August 2
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 ROBERTO FRÉRAUT | Director Mr. van Alphen founded Wealth Minerals in 2005. With more than 30 years Mr. Fréraut is a seasoned mining geologist with over 30 years of experience in of experience in the mining industry, he has been a key player
Slide 24: Share Structure
WORLD COPPER Share Structure 16% Wealth Minerals 20,496,568 shares* Shares Outstanding: WCU Insiders/Management 125,006,998 30,150,000 shares 60% 24% World Copper Other 74,360,430 shares *Subject to regulatory hold; periods available on SEDAR *Subject to option agreements TSXV: WCU \ OTCQX: WCUFF \
Slide 25: The World Copper Opportunity
DEVELOPING TWO UNIQUE COPPER OXIDE PROJECTS The World Copper Opportunity ZONIA (Arizona) ESCALONES (Chile) BROWNFIELD Advanced brownfield project on SIZE Largest new copper oxide deposit private patented land in development in Chile 450 M lbs Cu 450 M lbs Cu in M+I and 575 M 3.4 B lbs Cu 3.4 B lbs C
Slide 26: Contact us
TSXV: WCU | OTCQX: 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 26