Culpeo Minerals Limited · ASX:CPO
Culpeo Minerals — Investor Presentation (February 2024)
25 slides from Culpeo Minerals's investor presentation, Feb 19, 2024
Slide 1: Discovering and Developing High-Grade Copper in Chile
For personal use only DISCOVERING AND DEVELOPING HIGH-GRADE COPPER IN CHILE ASX:CPO | OTCQB:CPORF February 2024
Slide 2: Disclaimer
Disclaimer This Presentation and any accompanying verbal Presentation (together the Presentation) has been prepared by Culpeo Minerals Limited (“Culpeo” or “the Company”) and approved by the Board of the Company. The information contained in the Presentation (Information) is a summary only and shoul
Slide 3: Investment Highlights
A HIGH IMPACT COPPER PORTFOLIO WITH MULTIPLE TWO HIGH PRIORITY PROJECT DRILL READY TARGETS AREAS ON THE STRATEGIC CHILEAN COASTAL BELT LOCATED IN THE PREMIER COPPER PRODUCING For personal use only REGION GLOBALLY PERU SYSTEMATIC EXPLORATION BOLIVIA TO UNLOCK LATENT RESOURCE POTENTIAL CHILE Antofagas
Slide 4: Unlocking Chile's Coastal Cordillera: Top Ten Drill Intercepts
CULPEO MINERALS UNLOCKING CHILE’S COASTAL CORDILLERA TWO HIGH PRIORITY PROJECT AREAS ON THE STRATEGIC TOP TEN DRILL INTERCEPTS : CHILEAN COASTAL BELT For personal use only 1. CMLCD002: 257m @ 1.10% CuEq2; PERU 2. CMLCD003: 173m @ 1.09% CuEq3; BOLIVIA 3. CMLCD010: 169m @ 1.21% CuEq7; CHILE 4. CMLCD00
Slide 5: Chile: A Major Copper Producer
MINING A KEY MINING REPRESENTS RANKED THE BEST CONTRIBUTOR TO OVER HALF OF THE COUNTRY IN SOUTH THE CHILEAN COUNTRY’S TOTAL AMERICA FOR ECONOMY EXPORTS MINING INVESTMENT For personal use only CHILE A MA JOR PRODUC E R Cu Cu THE WORLD'S TOP Cu Cu COPPER PRODUCER AND LARGEST COPPER Cu RESERVES HOME TO
Slide 6: Board and senior management
Board and senior management Successful track record of discovery, project development and value creation For personal use only Geoff Max Zeffron Paul Sergio McNamara Tuesley Reeves Schmiede Uribe Non-Executive Managing Non-Executive Non-Executive Chilean Country Chairman Director Director Director M
Slide 7: Copper supply pipeline and demand outlook
COMMITTED COPPER MINE SUPPLY FORECAST1 SUPPLY PIPELINE LACKS HIGH QUALITY, LARGE MT SCALE PROJECTS Australasia For personal use only Asia WEAK STRONG Africa ACCELERATION OF Europe DEMAND ELECTRIFICATION COPPER South America DRIVING North America STRO NG OUTLOOK SIGNIFICANT MARKET DEFICIT 20 GROWING
Slide 8: Corporate snapshot
Corporate snapshot Compelling entry price, strong leverage to further exploration success Capital structure Major shareholders For personal use only Share price (16 February 2024) A$0.054 15% TIGHT REGISTER WITH Shares on issue (February 2024) 163.3M SUPPORTIVE EXPLORATION- 46% FOCUSED SHAREHOLDER B
Slide 9: Corporate overview
Corporate overview Premier copper producing region globally • Targeting high-grade copper resources For personal use only critical for renewable energy technologies. • Strategically positioned near infrastructure, low altitude and world-class copper projects. • Lana Corina and Fortuna, are underexpl
Slide 10: Project highlights
Project highlights High impact exploration 1. Fortuna Project Cu Au Mo For personal use only Seven high priority outcropping targets: • Vaca Muerta; • Piedra Dura; • La Florida; • El Quillay North; • El Quillay Central; • El Quillay South; and • Lucero. 2. Lana Corina Project Cu Mo New high-grade ou
Slide 11: Fortuna Project
1. Fortuna Project Outcropping targets immediately north of the Lana Corina discovery • Culpeo concession area at Fortuna For personal use only covers 4,025 hectares. • Numerous historic mines strike of >6km. • Seven high priority outcropping targets: – Vaca Muerta; – Piedra Dura; – La Florida; – El
Slide 12: Multiple drill ready targets at the Vaca Muerta prospect
1. Fortuna Project Multiple drill ready targets at the Vaca Muerta prospect • Shallow cover with base of For personal use only oxidation 25m deep. • Oxide mineralogy consists of malachite and chrysocolla. • Sulphide zone is dominated by chalcopyrite and bornite. • Drilling in progress. Long section
Slide 13: High priority El Quillay North target
1. Fortuna Project High priority El Quillay North target • Historical underground sampling returned high-grade zones For personal use only including1: – 3m @ 6.92% Cu; – 15m @ 1.50% Cu; – 5m @ 1.18% Cu; and – 5m @ 2.70% Cu. • Records show approximately 200,000 tonnes @ 2% Cu mined2. 1. Refer ASX ann
Slide 14: Shallow, wide, high-grade copper mineralisation confirmed
1. Fortuna Project Shallow, wide, high-grade copper mineralisation confirmed • El Quillay host structure is 3km with numerous targets to be tested. For personal use only • Results from initial El Quillay North drill hole (CMEQD002) returned1: – 5.8m @ 0.78% CuEq from 15.2m; and – 26m @ 0.81% CuEq fr
Slide 15: High-grade copper results at Piedra Dura and Lucero
1. Fortuna Project Multiple high-grade copper results returned at Piedra Dura and Lucero prospects • Piedra Dura - Rock chip • Lucero - Grades up to 5.37% Cu2 returned from several For personal use only samples returned high-grade newly defined parallel mineralised structures measuring copper and go
Slide 16: Porphyry copper and gold system at La Florida prospect
1. Fortuna Project Porphyry copper and gold system at La Florida prospect • Large (1.7km x 0.5km footprint) copper-gold For personal use only porphyry system delineated at La Florida Prospect. • Results from surface sampling returned grades up to 3.96% Cu and 2.61g/t Au1. • Mineralisation styles are
Slide 17: Lana Corina: New high-grade outcropping copper and molybdenum discovery
2. Lana Corina Project New high-grade outcropping copper and molybdenum discovery Copper equivalent intersections: For personal use only • CMLCD001: 104m @ 0.81% CuEq from 155m1; • CMLCD002: 257m @ 1.10% CuEq from 170m2; • CMLCD003: 173m @ 1.09% CuEq from 313m3; • CMLCD005: 81m @ 1.16% CuEq from 302
Slide 18: Regional potential with outcropping copper targets over 3kms of strike
2. Lana Corina Project Regional potential with outcropping copper targets over 3kms of strike For personal use only Lana Corina/Vista Montana long section: Defined targets over >3km of strike (background image is the VOXI 3D magnetic invers ion model) (refer ASX announcement 31 August 2022). CULPEO
Slide 19: Planned 2024 advancement schedule
Planned 2024 advancement schedule High impact 1,000m drilling program in progress Project Activity Q1-24 Q2-24 Q3-24 Q4-24 For personal use only Cu Au Mo 1. Fortuna Drill testing at Vaca Muerta ■ Cu Mo 2. Lana Corina Drill testing at Vista Montana ■ Cu Au Mo 1. Fortuna Mapping and litho-geochem at L
Slide 20: Investment Highlights
EMERGING COPPER PORTFOLIO WITH MULTIPLE DRILL READY TARGETS For personal use only LOCATED IN THE PREMIER COPPER PRODUCING REGION GLOBALLY INVESTMENT HIGHLIGHTS SYSTEMATIC EXPLORATION PROGRAM TO UNLOCK LATENT RESOURCE POTENTIAL CHILEAN COPPER DEVELOPMENT FOR A CLEAN ENERGY THE RIGHT TEAM TO DELIVER R
Slide 21: Appendices
For personal use only APPENDICES
Slide 22: Resource details and copper equivalent value calculations
Appendix 1 Resource details and copper equivalent (CuEq) value calculations • Lana Corina Project: refer to ASX announcement “Drilling intersects 169m @ 1.08% Cu up to 3.56% Cu” dated 23 November 2022. For personal use only • Quelon Project: refer to “Company’s Prospectus” dated 23 June 2021, page 4
Slide 23: Competent persons statement
Appendix 2 Competent persons statement The information in this announcement that relates to Exploration Results is based on information compiled by Mr Maxwell Donald Tuesley, BSc (Hons) Economic Geology, MAusIMM (No 111470). For personal use only Mr Tuesley is a member of the Australian Institute of
Slide 24: Earn In Schedules
Appendix 3 Earn In Schedules Lana Time Cash payment CPO Share Payment (US$) Work Commitment Stage Aggregate Culpeo For personal use only Corina (months from signing) (US$) Acquisition Interest Interest 1 Signing 100,000 N/A 0% 0% 2 12 150,000 Complete US$1M expenditure 20% 20% 3 24 250,000 Complete
Slide 25: Contact
For personal use only CO N TAC T LEVEL 48. 152-158 ST GEORGES TERRACE PERTH WA 6000 +61 (8) 6311 9160 / +61 416 097 403 info@culpeominerals.com.au max.tuesley@culpeominerals.com.au geoff.mcnamara@culpeominerals.com.au
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