Lundin Mining Corporation · TSX:LUN
Lundin Mining — Pareto Securities' Metals & Mining Conference 2023
13 slides from Lundin Mining's conference presentation, May 24, 2023
Slide 1: Pareto Securities' Metals & Mining Conference
Pareto Securities’ Metals & Mining Conference May 24 th , 2023 TSX: LUN NASDAQ STOCKHOLM: LUMI
Slide 2: Cautionary Statements
Cautionary Statements Caution Regarding Forward-Looking Information and Non-IFRS Performance Measures Certain of the statements made and information contained herein is “forward-looking information” within the meaning of applicable Canadian securities laws. All statements other than statements of hi
Slide 3: A Leader in Responsible Mining
A Leader in Responsible Mining Ambitious but achievable: our goal is to reduce Scope 1 & 2 GHG absolute emissions 35% by 20301 1. Compared to 2019 baseline year Committed assurance framework to promote the responsible production of copper Candelaria, Electric Employee Bus Fleet, Chile Candelaria, Pu
Slide 4: Mining the metals essential today and for the world's shift to a lower carbon future
Eagle Zinkgruvan Mining the Cu 2022A u/g Zn Cu 2022A 48 kt CuEq3 u/g 10+ years metals essential Ni Ag Co PGM 67 kt CuEq3 4+ years today and for the world’s shift to a lower carbon future Chapada 2022A Neves-Corvo Cu Au o/p Cu Zn 2022A u/g Ag 60 kt CuEq3 30+ years Pb Ag 68 kt CuEq3 10+ years Caserone
Slide 5: Meaningful Scale & Material Growth
Cu Meaningful Scale Copper & Material Growth Copper Production Profile1, 3 (kt) Caserones Acquisition Chapada • large-scale, long-life copper operation CUGEP Caserones • proximity to Candelaria and Josemaria introduces opportunities to realize 2018-22A average production of 129 kt and implement supp
Slide 6: Strong Rationale
Strong Rationale Caserones is a large-scale producer that provides copper growth while leveraging mutual synergies, infrastructure and efficiencies • initial 51% interest and operatorship with an attractive call option to increase ownership up to 70% • ~50% pro forma increase in 2022 copper output •
Slide 7: Caserones a Highly Complementary Acquisition
Caserones a Highly Complementary Acquisition Totoralillo Pro Forma FY 2022 Metal Mix Revenue by Metal1, 2 Caldera CHILE Moly Other ~75 km Copiapó Other Gold Gold Candelaria Zinc Zinc Over Over $4.1B Punta Padrones Port and Desalination Plant, Caldera $3.0B in Revenue in Revenue Nickel Nickel ~105 km
Slide 8: Vicuña District Exploration Potential
Vicuña District Exploration Potential Los Helados • significant potential to further increase value in the district leveraging Lundin Mining’s copper-focused exploration expertise Chile Argentina • Josemaría is positioned to be the potential center of future development and expansion within the high
Slide 9: Zinc Production Growth Ramping Up
Zn Production Growth Production Profile2 (kt) Zinc Ramping Up 215 - 230 225 - 240 Top-15 Global Producer of Zinc in Concentrate 180 - 195 Neves-Corvo Zinc Expansion Project Ramping Up 159 • full mining and processing rates expected to be achieved on a sustainable basis during 2024 • evaluating devel
Slide 10: Low-Cost Nickel Producer and Significant Gold By-Product Credits
Ni Low-Cost Au Significant Nickel Producer Gold By-Product Credits • Eagle is only primary nickel mine in the U.S.A. • significant gold production growth with development of Josemaria2, potential • produces high-quality nickel concentrate containing payable expansion at Chapada and development of Sa
Slide 11: High Quality Operations, Meaningful Scale & Material Growth, Financial Strength
High Quality Meaningful Scale & Financial Operations Material Growth Strength TSX: LUN NASDAQ STOCKHOLM: LUMI
Slide 12: NI 43-101 technical information
NI 43-101 Unless otherwise indicated, Lundin Mining Corporation (the “Company”) has prepared the technical information in this presentation including Mineral Reserve and Mineral Resource estimates (“Technical Information”) based on information contained in the technical reports and news releases (co
Slide 13: www.lundinmining.com
www.lundinmining.com | TSX: LUN | Nasdaq Stockholm: LUMI
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