Slide 1: Poised for Growth
POISED FOR GROWTH TSX.V: APN | OTCQB: ALTFP | WKN: A2JNFG Dec 31 2019 APNMETALS.COM 1 TSX.V: APN | OTCQB: ALTFP | WKN: A2JNFG
Slide 2: Disclaimer
DISCLAIMER Forward Looking Statements Certain information regarding the Company contained herein may constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidan
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS • Chile is the # 1 global copper producer • Strong mining culture and excellent infrastructure MINING • Ability to acquire small high-grade mines from local owners with the opportunity to increase resources and JURISDICTION expand operations whilst reducing costs • Completed ac
Slide 4: Corporate Snapshot and Copper Trends
CORPORATE SNAPSHOT AND COPPER TRENDS COPPER SUPPLY AND DEMAND The copper price is expected to rise on a widening supply deficit SHARE STRUCTURE DEC 15, 2019 § Mine production expected to peak by 2022 § Globally decreasing mined grades and increasing project costs § Supply deficit expected to increas
Slide 5: Management and Directors
MANAGEMENT AND DIRECTORS John Williamson, B.Sc., P.Geol – Executive Chairman & Director +30 years mining sector, founder of more than 20 successful companies in Canada and around the globe Alastair McIntyre, B.Sc., B.Comm., P.Geo (Limited), MAusIMM CP (Man) – CEO +30 years senior management experien
Slide 6: A Repeatable & Successful Business Model
A REPEATABLE & SUCCESSFUL BUSINESS MODEL LEVERAGE CASH FLOW AND GENERATE VALUE Management has a successful track record of investing in undervalued assets, adding value EXPAND AND through technical and market REPEAT expertise; and delivering returns to shareholders FIND A GOOD PROJECT MONETIZE TSX.V
Slide 7: Located in Chile's Copper-Rich IOCG Belt
LOCATED IN CHILE’S COPPER-RICH IOCG BELT FARELLON IRON-OXIDE-COPPER-GOLD (IOCG) PROJECT • Farellon is located only 30 minutes south of La Serena TOCOPILLA • Year round road access GUANILLOS GATICO • Daily flights from Santiago • High-grade copper mine in established mining district MAGUAYAN with gre
Slide 8: Tectonic Setting and Deposit Model
TECTONIC SETTING AND DEPOSIT MODEL FARELLON SCHEMATIC IOCG SYSTEM MODEL During the Early to mid-Cretaceous a MOSTLY MAGMA period of crustal extension resulted in DOMINATED WATERS the development of large fault zones, magma intrusions rich in precious and FARELLON MINE SITE base metals, and the forma
Slide 9: A Repeatable Business Model – Stage 1
A REPEATABLE BUSINESS MODEL – STAGE 1 STAGE 1 – ACQUISITION OF FARELLON ACQUIRE A GREAT COPPER MINING ASSET Acquired Farellon Cu-Au IOCG Vein System in late 2017 • Chile is the most prolific copper mining country in the world, has a strong mining culture, and excellent infrastructure • Historical pr
Slide 10: A Repeatable Business Model – Stage 2
A REPEATABLE BUSINESS MODEL – STAGE 2 STAGE 1 STAGE 2 – INITIAL GROWTH & OPTIMIZATION ACQUIRE A GREAT EXPANSION AND OPTIMIZATION OF COPPER MINING EXISTING ASSESTS ASSET • Upgrade mine infrastructure • Extend decline to access mineralization down dip • Increase efficiencies and reduce costs • Explora
Slide 11: A Repeatable Business Model – Stage 2
A REPEATABLE BUSINESS MODEL – STAGE 2 STAGE 1 STAGE 2 – EXPANSION AND OPTIMIZATION OF EXISTING ASSETS ACQUIRE A EXPANSION OF EXISTING ASSESTS GREAT COPPER MINING ASSET • Upgrade mine infrastructure • Extend decline to access mineralization down dip • Increase efficiencies and reduce costs • Explorat
Slide 12: Current Mine and Planned Hugo Decline – Stage 2
CURRENT MINE AND PLANNED HUGO DECLINE – STAGE 2 Underground Development TSX.V: APN | OTCQB: ALTFP | WKN: A2JNFG APNMETALS.COM 12 TSX.V: APN TSX.V: APN || OTCQB: OTCQB: ALTFP ALTFP || WKN: WKN: A2JNFG A2JNFG
Slide 13: A Repeatable Business Model – Stage 2
A REPEATABLE BUSINESS MODEL – STAGE 2 STAGE 1 STAGE 2 – EXPANSION OF EXISTING ASSETS ACQUIRE A GREAT EXPANSION OF EXISTING ASSESTS COPPER MINING ASSET • Upgrade mine infrastructure • Multiple linear magnetic • Extend decline to access anomalies are coincident with mineralization down dip Cu-Au vein
Slide 14: A Repeatable Business Model – Stage 3
A REPEATABLE BUSINESS MODEL – STAGE 3 STAGE 1 STAGE 2 STAGE 3 – INVESTMENT & EXPANSION ACQUIRE A EXPANSION INCREASE OUTPUT RATIONALE FOR ON-SITE PLANT GREAT COPPER OF EXISTING MINING ASSET ASSETS • Design and build fit-for- Minimal Financing Required Approximately $1.85 mm for mill, concentrator, an
Slide 15: Toll Mill Plant vs Projected APN Mill Costs – Stage 3
TOLL MILL PLANT VS PROJECTED APN MILL COSTS – STAGE 3 Existing Mill Site is Rented Milling APN Milling 130 km or a 3 hour Item Plant Plant drive from Farellon Shipment 16 CA$/tonne 5 CA$/tonne cost Process 34 CA$/tonne 24 CA$/tonne La Serena Proposed Mill Site cost ~200,000 population is only 15 km
Slide 16: APN Cu Concentrate Mill – Stage 3
APN CU CONCENTRATE MILL – STAGE 3 Cu Concentrate Fe Concentrate Tonnes to process 2. Trucking to APN Milling tonnes at 26.5% Cu tonnes at 60% Fe Plant (15 km) 3,000 tonnes 1.8% Cu 180 1,200 5,000 tonnes 1.8% Cu 300 2,000 8,000 tonnes 1.8 % Cu 480 3,200 1. Cu extraction in Farellon 7. Drying Process
Slide 17: A Repeatable Business Model – Stage 3
A REPEATABLE BUSINESS MODEL – STAGE 3 STAGE 1 STAGE 2 STAGE 3 – INCREASE OUTPUT ACQUIRE A EXPANSION COSTS AND PROJECTED REVENUE GREAT COPPER OF EXISTING COSTS AND REVENUE MINING ASSET ASSETS • Design and build fit-for- purpose 5,000 tpm mill and CAPITAL COSTS* PRO FORMA MONTHLY PRO FORMA iron recove
Slide 18: Farellon Growth and Revenue Timeline – Stage 3
FARELLON GROWTH AND REVENUE TIMELINE – STAGE 3 Achieve 8000 tpm extraction 30,000 4000000 Fe separation added to the mill 3500000 QUARTERLY TONNES EXTRACTED 25,000 Achieve 5000 tpm extraction QUARTERLY REVENUE CA$ 3000000 Plant comes online – extraction increases, costs decline 20,000 2500000 Hugo d
Slide 19: A Repeatable Business Model – Stage 4
A REPEATABLE BUSINESS MODEL – STAGE 4 STAGE 1 STAGE 2 STAGE 3 STAGE 4 – FUTURE GROWTH ACQUIRE A EXPAND THE INCREASE ACQUIRE ADDITIONAL MINES GREAT COPPER HISTORICAL OUTPUT MINING ASSET OPERATION • Acquire additional mines locally • Many targets already identified in this prolific IOCG belt Many smal
Slide 20: Mine Longevity and Regional Prospectivity – Stage 4
MINE LONGEVITY AND REGIONAL PROSPECTIVITY – STAGE 4 Prolific Mining District • IOCG systems in this region have very deep roots TAMBILLO MINE • The Tambillo mine has been FARELLON PROJECT in production for >50 years • Current mining depth is 1.2 km The majority of the Farellon • Numerous projects in
Slide 21: Local Relationships, Workforce, & Sustainability
LOCAL RELATIONSHIPS, WORKFORCE, & SUSTAINABILITY Building on strong local relationships • Altiplano has developed strong stakeholder support • In-country management team • Open and transparent communications with the community Commitment to local workforce • Local services and operators are used for
Slide 22: Investment Highlights
INVESTMENT HIGHLIGHTS • Chile is the # 1 global copper producer • Strong mining culture and excellent infrastructure MINING • Ability to acquire small high-grade mines from local owners with the opportunity to increase resources and JURISDICTION expand operations whilst reducing costs • Completed ac
Slide 23: Head Office
Head Office 250 Southridge, Suite 300 Edmonton, Alberta Canada T6H 4M9 jeremyy@apnmetals.com 1.604.773.1467 alastairm@apnmetals.com 1.416.434.3799 TSX.V: APN | OTCQB: ALTFP | WKN: A2JNFG APNMETALS.COM 23 TSX.V: APN TSX.V: APN || OTCQB: OTCQB: ALTFP ALTFP || WKN: WKN: A2JNFG A2JNFG