Cosa Resources Corp. · TSXV:COSA
Cosa Resources — Investor Presentation (December 2024)
32 slides from Cosa Resources's investor presentation, December 2024
Slide 1: A track record of uranium discoveries in the Athabasca Basin
A track record of uranium discoveries in the Athabasca Basin. TSXV: COSA OTCQB: COSAF FSE: SSKU December 2024
Slide 2: Disclaimer
Disclaimer Information Contained In This Presentation change in a material adverse manner, that financing will be available if and when needed and on reasonable terms, and that third party contractors, equipment and supplies and governmental and other approvals This presentation is a summary descrip
Slide 3: About Cosa Resources
About Cosa Resources Highlights Transformational Property Acquisitions and Collaboration with Recently announced transaction whereby Cosa acquires three highly prospective projects in the Athabasca Basin, and Denison Mines becomes a strategic partner and significant shareholder Experienced and Prove
Slide 4: Denison Mines Strategic Collaboration
Denison Mines Strategic Collaboration Leading exploration team credited with multiple Leading development company advancing the Phoenix technical and corporate successes in the Athabasca uranium deposit in the Athabasca Basin Exceptional portfolio of underexplored and highly Strong treasury
Slide 5: Cosa's Award-Winning Team
Cosa’s Award-Winning Team Steve Blower – Chairman Keith Bodnarchuk – President & Chief Executive Officer, Director • A geologist with 30+ years of experience in the minerals industry • Professional Geologist with 15+ years in exploration, mining and capital markets • Co-recipient of the AME 2022 Col
Slide 6: Recently Announced Transaction with Denison Mines
Recently Announced Transaction with Denison Mines • Cosa to acquire a 70% interest in the Murphy Lake North, Darby, and Packrat Projects • In exchange, Denison to receive 14,195,506 Common Shares of Cosa (19.95% pro forma interest) Overview • Denison to participate in a minimum of $1 million in futu
Slide 7: Capital Structure
Capital Structure Shareholder Base – Pre-Transaction Shareholder Base – Post-Transaction Management & Advisors 19.95% 18.15% 23% Management & Advisors Funds & Strategic 46% Funds & Strategic Retail 24.31% 31% Retail 37.59% Denison Mines Share Structure (Pre-Transaction) Share Structure (Post-Transac
Slide 8: Athabasca Basin – Saskatchewan, Canada
Athabasca Basin – Saskatchewan, Canada • World’s undisputed top district for high- grade uranium deposits; a jurisdiction that embraces uranium mining • Global average deposit grade is ~0.2% U3O8 - Hurricane’s average grade is 34.5% U3O8 - some of the most valuable rock on the planet • Athabasca cor
Slide 9: Athabasca Basin
Athabasca Basin • Basin has been increasingly saturated by new entrants – best ground was acquired early • Low project turnover rate due to increased access to capital and joint venture deals January 2020 TSXV: COSA | cosaresources.ca 9
Slide 10: Athabasca Basin
Athabasca Basin • Basin has been increasingly saturated by new entrants – best ground was acquired early • Low project turnover rate due to increased access to capital and joint venture deals January 2024 TSXV: COSA | cosaresources.ca 10
Slide 11: Athabasca Basin
Athabasca Basin • Basin has been increasingly saturated by new entrants – best ground was acquired early • Low project turnover rate due to increased access to capital and joint venture deals Cosa Projects ideally situated TSXV: COSA | cosaresources.ca 11
Slide 12: Denison Joint Venture Projects
Denison Joint Venture Projects • Cosa to own and operate majority interests in the Murphy Lake North, Darby, and Packrat Projects • New projects under modest sandstone cover between 50 and 650 metres • Over 21,000 ha of additional Joint Venture hectares in the Athabasca Basin, the heart of the Canad
Slide 13: Murphy Lake North – Denison Joint Venture
Murphy Lake North – Denison Joint Venture • Located within four kilometres of IsoEnergy’s Hurricane Deposit - the highest grade indicated resource in uranium on the planet which was discovered by Cosa’s management team in 2018 • Review of historical core by Cosa personnel in September 2024 confirmed
Slide 14: Darby – Denison Joint Venture
Darby – Denison Joint Venture • Located 10 kilometres west of Cameco’s Cigar Lake Uranium Mine, the highest production and highest- grade uranium mine in the world • Interpreted by Cosa to be a mature, discovery ready project with abundant drill targets • Modest sandstone cover between 480 and 650 m
Slide 15: Packrat – Denison Joint Venture
Packrat – Denison Joint Venture • Located 28 km east of the Cigar Like Uranium Mine and 19 km southwest of the Rabbit Lake Uranium Mill • Less than 100 metres of sandstone cover • Covers a prominent magnetic break within the interpreted extension of the Cigar Lake Trend and peripheral to the Collins
Slide 16: 100% Owned Projects
100% Owned Projects • Remainder of Cosa’s 215,000 ha exploration portfolio is 100% owned • Cosa’s core eastern Athabasca projects are strategically located within or peripheral to prospective, northeast-trending uranium corridors • These corridors host some of the largest and highest-grade uranium d
Slide 17: Ursa – 100% Owned
Ursa – 100% Owned • Covers >65 km strike length of the Cable Bay Shear Zone, a structural corridor with known mineralization which is significantly underexplored • Recent summer 2024 drill program successfully intersected unconformity model type sandstone alteration and multiple intervals of basemen
Slide 18: Athabasca Uranium Deposits
Athabasca Uranium Deposits What are the targets? • Cosa is targeting unconformity hosted uranium deposits (ex. McArthur River, Cigar Lake, Phoenix, Hurricane, etc.) • Cosa’s drilling strategy canvasses a much wider zone of potential structure and alteration for very few additional metres TSXV: COSA
Slide 19: Ursa - Recent Drill Program | Plan Overview
Ursa - Recent Drill Program | Plan Overview Summary • Basement hosted radioactivity intersected in UR24-06 beneath a zone of significant sandstone structure and alteration typical of many eastern Athabasca uranium deposits • Confirmed the presence of structurally re-activated and intensely graphitic
Slide 20: Ursa - Recent Drill Program | Cross Section
Ursa - Recent Drill Program | Cross Section Drill Hole UR24-06 • Tested the first of multiple ANT-derived target areas • Intersected multiple zones of basement hosted radioactivity within brecciated and altered host rock • Intersected a broad zone of unconformity-model type (Cigar Lake, Hurricane) a
Slide 21: Ursa - Recent Drill Program | Cross Section
Ursa - Recent Drill Program | Cross Section Drill Hole UR24-04 • Targeted the down-dip expression of sandstone hosted structure, alteration, and anomalous uranium geochemistry in drill hole UR24-03 • Successfully intersected structurally reactivated and intensely graphitic basement intervals includi
Slide 22: Orion – 100% Owned
Orion – 100% Owned • Covers an interpreted extension of Larocque uranium corridor where it merges with the Cable Bay Shear Zone. • Captures the intersection of the Cigar Lake and Larocque Lake trends • 2023 survey identified a km-scale sandstone conductivity anomaly that overlies structurally comple
Slide 23: Aurora – 100% Owned
Aurora – 100% Owned • 16km east of Cameco’s Key Like Mill and historical Key Lake Mine (209.8 million pounds at an average grade of 2.3% U3O8) • Corridor significantly upgraded by the GMZ discovery, no other exploration since 1981 • Historical drill logs note metre scale zones of basement hosted str
Slide 24: Orbit – 100% Owned
Orbit – 100% Owned • 22km south of the Key Lake Mill and historical Mine • Captures 4km of inferred strike extension of a prospective, reactivated graphitic structural trend • Weak mineralization intersected to the southwest – 0.07% U3O8 over 0.2m within strongly altered graphitic faulting • Easy ac
Slide 25: What's Next?
What’s Next? • Receipt of geochemical assay and spectroscopic results for summer drilling – imminent • Additional ANT target areas at Ursa; identifying anomalies like that which successfully targeted alteration and basement radioactivity – imminent • Results of ANT work at Orion, aimed at confirming
Slide 26: Uranium Fundamentals
Uranium Fundamentals • Demand for nuclear fuel set to rapidly outpace Uranium Supply and Demand Forecast (tU) supply that has stagnated for decades 175k • Stored inventories have been depleted Global Demand • Complacent utilities and fuel buyers are forced to secure fuel to reach clean energy securi
Slide 27: Opportunity
Opportunity • Sub $30m explorers value is not reflecting uranium market fundamentals and rising price of physical uranium • Cosa’s current value (~C$12M) well positioned for capital trickle down and next leg of the uranium bull market • Cosa’s team has proven that a discovery has value in any market
Slide 28: Board of Directors
Board of Directors Steve Blower – Chairman Keith Bodnarchuk – President, CEO, and Director • A geologist with 30+ years of experience in the minerals industry • Professional Geologist with 15+ years in exploration, mining and capital markets • Co-recipient of the AME 2022 Colin Spence Award for exce
Slide 29: Management and Advisors
Management and Advisors Darren Morgans – Chief Financial Officer Andy Carmichael – Vice President Exploration • Professional Geoscientist with 20+ years of experience in exploration/mining and capital • CPA – Canada and CA – Australia markets • 25 + years as professional accountant as CFO, Controlle
Slide 30: Why Cosa?
Why Cosa? Team Industry leading exploration team responsible for multiple discoveries and billions of dollars of value creation. Targets Strong pipeline of drill targets, further strengthened with recently announced joint venture agreements with Denison Mines Timing Exploring for uranium in a top ju
Slide 31: Inventa was founded in 2017 by Craig Parry and Michael Konnert
Inventa was founded in 2017 by Craig Parry and Michael Konnert to seize emerging opportunities in the natural resource sector. Today, Inventa has grown into a premier investment group, having raised over $700 million since its inception, with a first-rate portfolio of companies and a world-class tea
Slide 32: Website – cosaresources.ca
Website – cosaresources.ca E-mail – info@cosaresources.ca Phone – 1.888.899.2672 (COSA) TSXV: COSA OTCQB: COSAF FSE: SSKU December 2024
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