Pampa Camarones Spa Class B · BCS:CAMARONEX
Pampa Camarones Spa Class B — Q1 2024 Earnings Presentation
22 slides from Pampa Camarones Spa Class B's earnings presentation, April 2024
Slide 1: Pampa Camarones SpA Quarterly Presentation
Quarterly presentation Pampa Camarones SpA Santiago, April 2024 Strictly private and confidential
Slide 2: Presenter
Quarterly presentation Presenter Robert Mayne-Nicholls Martín Marquardt CEO Pampa Camarones Chief Geologist Ciclón-Exploradora ▪ Mr. Marquardt holds a degree in Geology ▪ Mr. Mayne-Nicholls holds a degree in from Universidad de Concepción, and Mining Engineer from Universidad de Chile, studies at Un
Slide 3: Disclaimer
Quarterly presentation Disclaimer ◼ This presentation contains forward-looking information. All information contained in this presentation, other than statements of current and historical fact, is forward-looking information. Often, but not always, forward-looking information can be identified by th
Slide 4: Corporate Structure
Quarterly presentation Corporate Structure Minería Activa Funds Minority Shareholders* 90.6% 9.4% Pampa Camarones SpA High-grade polymetallic project Copper operation Pampa Camarones Ciclón Exploradora Cu Cu Zn Pb Ag Au Strictly private and confidential 4 *Minority Shareholders: Samsung Chile, Samsu
Slide 5: Corporate Structure (BCS:CAMARONEX)
Quarterly presentation Corporate Structure (BCS:CAMARONEX) Share Price Performance on Santiago Stock Exchange (US$/share) Shareholder Breakdown as of April 16th 2024 54 0,70% 1,47% 52 7,24% 50 48 +22% since IPO 46 90,59% 44 42 40 Minería Activa Funds Velasco Group nov-23 dic-23 ene-24 feb-24 mar-24
Slide 6: First Quarter 2024 Highlights
Quarterly presentation First Quarter 2024 Highlights Pampa ◼ Slower than expected ramp-up due to operational difficulties Camarones ◼ Operational Improvement Plan on track, expecting to achieve normalized level Operation production during June ◼ Drilling ended on April 2nd with exceptional results i
Slide 7: Pampa Camarones: First Quarter 2024 Operational Update
Quarterly presentation Pampa Camarones: First Quarter 2024 Operational Update Pampa Camarones 1Q-24 at a glance Cathode production (000 Tons) Production Production LTM ◼ Copper Cathode production reached 1,280 ton (23% q/q), 5,79 boosted by the ongoing operational ramp up. Improvement is 5,32 expect
Slide 8: Pampa Camarones: Operational Improvement Plan - Mine
Quarterly presentation Pampa Camarones: Operational Improvement Plan - Mine ◼ In order to improve operational performance, a plan was developed with the assistance of a group of external consultants, targeting operational improvements on both Mine and Plant. Target: Reach over 650 tons of cathodes p
Slide 9: Pampa Camarones: Operational Improvement Plan - Plant
Quarterly presentation Pampa Camarones: Operational Improvement Plan - Plant 2 Plant: Measures to be implemented ◼ Target: Improve recovery over 70% ◼ Measures: ◼ Reduce heap height from 4m to 2.5m ◼ Rehandling of the lower part of heaps, in cases grade is still economically viable ◼ Reduce leaching
Slide 10: 2024 mine and plant plan
Quarterly presentation 2024 mine and plant plan Copper production (000 Tons) Crusher feed (000 Tons) 2023 2024E 2023 2024E 1,93 2,03 180,0 180,0 180,0 172,4 166,6 1,58 CuT 2023 130,3 127,9 135,8 1,38 1,28 1,28 1,26 1.38% 1,04 CuT 2024E 1.21% 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q LTM: ‘23 6,25 5.79 5.32 4.96 CuT (
Slide 11: Consolidated financials and 2024 financial plan
Quarterly presentation Consolidated financials and 2024 financial plan Net revenues (US$ mn) Adjusted EBITDA (US$ mn, %) Apr-Dec 24’ Cu Px US$4.0/lb EBITDA EBITDA Margin 62,8 59,8 48,5% 53,1 36,4% 41,5 30,3% 30,5 14,5% 19,3 18,1 6,0 2021 2022 2023 2024E 2021 2022 2023 2024E Capex (US$ mn) Cash and n
Slide 12: EBITDA Sensibilization to Copper Price
Quarterly presentation EBITDA Sensibilization to Copper Price Copper Price (US$/lb) 5 4,5 4 3,5 3 2,5 2 ene-20 jul-20 ene-21 jul-21 ene-22 jul-22 ene-23 jul-23 ene-24 *2024E Estimate copper price 4.0 US$/lb EBITDA at Various Copper Prices (US$ mn) 21,2 18,1 For each +/- 0.1 15,1 US$/lb, EBITDA 2024
Slide 13: San Carlos and Portezuelo Scouting Campaign Completed
Quarterly presentation San Carlos and Portezuelo Scouting Campaign Completed On time and on budget Exploradora (2.7 Mt @3.1% CuEq) 9 Drillholes Portezuelo 2,647 Meters Drilled San Carlos US$1.1 MM Budget 0 La Encantada Au-Cu Porphyry Target Accidents Ciclón (7.1Mt @2.96% CuEq) Start January 25th • P
Slide 14: San Carlos Update: Discovery of a New Mineralized Extension
Quarterly presentation San Carlos Update: Discovery of a New Mineralized Extension 1,637m in DDH drilling on 6 holes New New high-grade Ag-Zn-Pb mineralization intercepts related to extension manto, breccia and vein orebody types in 600 m length and 200 m width within main target: ◼ (1) DDH-SC-07 in
Slide 15: San Carlos Drilling Campaign: Schematic Longitudinal Section
Quarterly presentation San Carlos Drilling Campaign: Schematic Longitudinal Section New east potential extension Geophysical Target Main Target 400m SC-DDH-03 •6.7m @ 1,370g/t AgEq (246g/t Ag+20.6% Zn+6.2% Pb, (US$740/t, In Situ Value (ISV)). SC-DDH-05 Breccia/Manto •5.0m @ 2.81% Zn, 1.55% Pb y 65g/
Slide 16: Portezuelo Drilling Campaign: Discovery of Cu-Zn (Ag-Pb) Vein Extension
Quarterly presentation Portezuelo Drilling Campaign: Discovery of Cu-Zn (Ag-Pb) Vein Extension ◼ Drilling results confirms the discovery of a new extension of mineralized copper-rich vein of ~1.3 km and NS-oriented corridor related to deep IP anomalies. The deposit contains deeper copper and polymet
Slide 17: Portezuelo Drilling Campaign: Discovery of Cu-Zn (Ag-Pb) Vein Extension
Quarterly presentation Portezuelo Drilling Campaign: Discovery of Cu-Zn (Ag-Pb) Vein Extension EXPLORADORA VEIN •+3600 •DDH-PO-02 DDH-PO-03 RESOURCES •DDH-PO-01 strongly 3.8 m @ 2.3% Cueq. ($170 US/ton) included within a Cu oxides vein of 11m @ 1.2 % Cueq. leaching veinlet Cu Oxides •+3450 zone (0.7
Slide 18: Portezuelo Drilling Campaign: Copper and Zinc Mineralization
Ciclón Exploradora Drill Program Update Portezuelo Drilling Campaign: Copper and Zinc Mineralization Visible copper and zinc sulphide mineralization from DDH-PO-01, 413m below surface. Drillhole DDH-PO-02. Copper Oxides (Chrysocholla, Limonites, Brochantite) Strictly private and confidential 18
Slide 19: San Carlos and Portezuelo Drilling Campaign
Quarterly presentation San Carlos and Portezuelo Drilling Campaign Strictly private and confidential 19
Slide 20: Ciclón Exploradora EIA: Gantt Chart
Quarterly presentation Ciclón Exploradora EIA: Gantt Chart 2023 2024E 2025E Month: Oct Nov Dec Jan Feb Mar Apr May Jul Jun Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sept Admission for processing Admission Institutional review Phase 1 Q&A Answering process Phase 2 Q&A Approval RCA January M
Slide 21: Reporting Schedule and Topics
Quarterly presentation Reporting Schedule and Topics Timeline Key dates 2024E 2025E ◼ 1Q24 preliminary results & 2023 FY FS release ◼ 3Q24 preliminary results ◼ ScaleX business report release and presentation (LV) 04/19 10/18 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan 01/19 07/19 01/17 Year
Slide 22: Pampa Camarones SpA
Quarterly presentation Pampa Camarones SpA Santiago, April 2024 Strictly private and confidential