Luca Mining Corp · TSXV:LUCA
Luca Mining — Investor Presentation (January 2026)
27 slides from Luca Mining's investor presentation, Jan 19, 2026
Slide 1: Optimization Exploration Expansion
January 2026 TSX-V: LUCA | OTCQX: LUCMF | FRANKFURT: Z68 | L U C A LMUI CNAI MN IGN .I C NGO .M COM 1 Optimization Exploration Expansion
Slide 2: Forward Looking Statements and Legal Disclaimer
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: Mexico Mining Experts
LUCAMINING.COM 3 MEXICO 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 3
Slide 4: Our Metal Breakdown
LUCAMINING.COM 4 OUR METAL BREAKDOWN ~50/50 Precious and Base metals YTD 2025 (9-Months) Revenue by Metal - Consolidated 18% COPPER Copper 20% Gold 37% Zinc 23% Lead 2% Silver 18% 4
Slide 5: The Luca Story
LUCAMINING.COM 5 The Luca Story TAHUEHUETO 2 Fully permitted operating mines in DE-RISKED OPERATIONS Fully permitted And no further major capex required Achieved 2025 Revised FREE CASH FLOW 2025 ESTIMATE Beat Revised Guidance of $5 to $10 million 9 Months to Sept 30, 2025 -Free Cash Flow US$5.3 mill
Slide 6: Our Plan
LUCAMINING.COM 66 Commission Tahuehueto Our Plan Commercial production achieved Q1/25. Record 970tpd in Q3 +190% y/y increase Explore Tahuehueto …underway 2026 First assays in over a decade – exciting new gold zones discovered. Drilling at Santiago returning wide, high-grade gold Ramp up Campo Mor
Slide 7: Three-Year, US$25 Million Exploration Program to Unlock Gold Potential
LU LUCC AMAM I NI N I NI N GG. C. C OOMM 7 7 Three-Year, US$25 Million Exploration Program to Unlock Gold Potential at Campo Morado and Tahuehueto District-cale gold discovery potential across Luca's two producing mines • 80,000 metres of diamond drilling (surface & underground) • To expand and defi
Slide 8: What this Means
LUCAMINING.COM 8 What this Means Our mines are permitted, Our mines have Luca is heading towards re-ranking in production and development and resource as a mid-tier producer generating cash flow – upside and optimization at our foundation on which to both projects is ongoing grow Clean balance sheet
Slide 9: The Skills We Bring to De-risk M&A
LUCAMINING.COM 9 The Skills We Bring to De-risk M&A: FINANCIAL OPERATIONS Luca has the expertise to restructure and recapitalize Luca has the ability to turn around and optimize on accretive terms for shareholders mining assets Since Jan 1, 2024, debt has been reduced Campo Morado throughput inc
Slide 10: Campo Morado
LUCAMINING.COM 10 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% 2025E Production Achieved Revised
Slide 11: Exploration Upside at Campo Morado
L U CC A AMM II N N II NN GG .. CC OOM M 12 11 exploration upside Main Declines, Development G9, Naranjo and Largo Ore Bodies (looking North) at Campo morado N aran j o • Well-defined, drilled and developed ore bodies • Higher Cu recovery, should increase Largo economical and mineable resources G9 •
Slide 12: Exploration Upside at Campo Morado
LUCAMINING.COM 12 July 7, 2025: First Surface Drill Result at Reforma exploration upside 15.1 metres of 13.4 g/t AuEq at Campo morado (5.35 g/t Au, 187.48 g/t Ag, 0.31% Cu, 8.39% Zn, 2.75% Pb) EXPLORATION Mining Concessions Aug 27, 2025: Additional Drill Results at Reforma TARGETS >12,000 hs 37.2 me
Slide 13: Reforma/El Rey Deposits
LUCAMINING.COM 13 Reforma/El Rey Deposits: • Expand the gold-rich Mineral Resources by drilling on edges of each deposit • Collect additional metallurgical samples for CMIP 4.0 • Geotechnical Drilling • Update Mineral Resources • Test potential mineralization continuity between Reforma and El Rey Hi
Slide 14: Campo Morado 4.0 – Gold Opportunity
LU LUCC AMAM I NI N I NI N GG. C. C OOMM 1414 Campo Morado 4.0 – Gold Opportunity 4 3 implementation • Modifications to processing circuit 2 Economics can be implemented efficiently • An increase in recovery and 1 metallurgy grade could materially • No major new permit requirements • Cyanidation for
Slide 15: Reforma – The Future of Campo Morado
LUCAMINING.COM 15 Reforma – The future of campo morado • Current Mining Areas: Southwest, G9 Zones, El Largo Reforma: -2028 and beyond • Large stopes 40m wide, -Higher gold grades productive, low-cost mining -Efficient mining -Shorter haul to mill • 2024 mining cost: $35/t • Starting in 2028: Reform
Slide 16: Tahuehueto
LUCAMINING.COM 16 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 100 sq km Processing 1,200 tpd throughput capacity (crushing, milling, flotation) Ownership 100% 2025E Full Year Achieved Revised Guidanc
Slide 17: Tahuehueto
LUCAMINING.COM 17 Tahuehueto LEVEL 12 & 14 PORTALS LEVEL 20 PORTAL CRUSHING CIRCUIT MINE CAMP PROCESS PLANT 17
Slide 18: Transformative Exploration Potential at Tahuehueto
LUCAMINING.COM 18 Fertile Geologic Transformative exploration Setting potential at tahuehueto 800 metres EXPLORATION OBJECTIVES • 10,000m drill program underway • First assays in over a decade reveal discovery of new gold zones and good continuity of existing vein system • New high-grade breccia zon
Slide 19: Santiago Target
LUCAMINING.COM 19 Santiago Target: • Expand limited area of drilling (350m Stike Length) • Defined by 17 DDHs (~4,000m) Santiago • Test Deeper Level Breccia Zone intersected in Creston DDH06-063: 13m of 7 g/t Au, 130 g/t Ag, 1.6% Cu, 1.0% Pb and 1.5% Zn Cinco de Mayo • Sept 2025: 14 metres of 7 g/t
Slide 20: Luca Corporate Stats
LUCAMINING.COM 20 2.00 1.80 Luca corporate stats PRICE CHART 1.60 1.40 One Year 1.20 LUCA LUCMF Z68 1.00 TSXV OTCQX Frankfurt 0.80 0.60 Shares 269 million 0.40 Outstanding 0.20 Fully Diluted 290 million Market Cap C$436 million (C$1.62/share) (Jan 16, 2026) ANALYSTS 52 Week C$1.92 high Haywood Buy C
Slide 21: A Strong Board of Directors
LUCAMINING.COM 21 A strong Board of directors Mine builders | Opportunity driven Phil Brumit DIRECTOR Peter Damouni CHAIRMAN, DIRECTOR Mr. Brumit is a mining executive with over 40 years of experience in Over 20 years of corporate and investment banking experience with a property evaluation, enginee
Slide 22: A Strong Management Team
LUCAMINING.COM 22 A strong MANAGEMENT TEAM Effective Execution Dan Barnholden, CEO Dan Barnholden is a seasoned professional with over 20 years of experience in senior mining investment banking roles at bank-owned Ramon Mendoza M.Sc., P.Eng. COO & CTO and boutique dealers in Toronto and Vancouver .
Slide 23: What's Next
LUCAMINING.COM 23 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 Production upside at both mines M&A growth mine has undergone a highly Targeting doubling production in the Targeting mid-tier ranking wit
Slide 24: Thank You
LUCAMINING.COM 24 Thank You LUCAMINING.COM TSX-V: LUCA OTCQX: LUCMF FRANKFURT: Z68
Slide 25: Appendix
LUCAMINING.COM 25 APPENDIX 25
Slide 26: Campo Morado Resources
LUCAMINING.COM 26 Campo Morado Resources RESOURCES (NI 43-101 Compliant, March 2018) 26
Slide 27: Tahuehueto Resources
LUCAMINING.COM 27 Tahuehueto resources RESERVES & RESOURCES (NI 43-101 Compliant, April 2022) 27