Canadian Copper, Inc. · CSE:CCI
Canadian Copper — Merger or Acquisition (June 2023)
16 slides from Canadian Copper's merger presentation, Jun 12, 2023
Slide 1: Proposed Murray Brook Acquisition
12 JUNE 2023 PROPOSED MURRAY BROOK ACQUISITION COPPER EXPLORATION Excellent Mining Jurisdiction & DEVELOPMENT IN PROLIFIC Net Zero Exploration & Development BATHURST CAMP Strong Asset Base New Brunswick, Canada Growing Copper Resources 1
Slide 2: Disclaimer
12 JUNE 2023 DISCLAIMER Forward-Looking Information and Statements nature and includes inferred resources that are too speculative geologically to have the economic consideration applied to them. There is no certainty that the PEA will be realized. This presentation contains “forward-looking informa
Slide 3: Canadian Copper's Acquisition Is Accretive to Shareholders
12 JUNE 2023 CANADIAN COPPER’S ACQUISITION IS ACCRETIVE TO SHAREHOLDERS Drives synergies with Majority ownership of large, Company deposits in the open pit, 18Mt deposit region, near two former mines 98% of Murray Brook Mineral Increased leverage to critical Resources are Measured and metals in Tier
Slide 4: Deal Overview
12 JUNE 2023 DEAL OVERVIEW • Canadian Copper (“CCI”) to acquire 100% of Votorantim’s (“VOT”) interest in Murray Brook Project (“MB”). • Proposed Transaction: o $1.0M cash o $2.0M bond assumption o 2M CCI shares, 2M CCI warrants & 0.25% NSR o $2M at commercial production • MB Asset 350MASL, access to
Slide 5: Canadian Copper: Pure Play Base Metals, Growing Resources, Safe Jurisdiction
12 JUNE 2023 CANADIAN COPPER: PURE PLAY BASE METALS, GROWING RESOURCES, SAFE JURISDICTION GROWING RESOURCE BASE + KEY ASSET PURCHASE + DE-RISK, ACCELERATE, EXPLORE** Before: M&I Growth Now: Murray Brook Deposit** Chester Project* Zinc 1.500 Copper 43% 40% 120 Zinc Metal 1.000 MM lbs 100 +20% Contrib
Slide 6: Expanded Project Portfolio
12 JUNE 2023 EXPANDED PROJECT PORTFOLIO Bathurst Mining Camp BELLEDUNE DEEP WATER PORT TURGEON PROJECT Estimated 75M lb Cu+ MURRAY BROOK DEPOSIT Chaleurs Bay M+I 18Mt @ 2.73% Zn, 0.47% Cu, 1.0% Pb, 41 g/t Ag, 0.65 g/t Au Caribou Mine Fully available operating BATHURST milling facility, <10km LEGACY
Slide 7: Murray Brook Situated Between Two Former Producing Mines and a Mill
12 JUNE 2023 MURRAY BROOK SITUATED BETWEEN TWO FORMER PRODUCING MINES AND A MILL 7
Slide 8: Cheaper to Buy Than Find
12 JUNE 2023 CHEAPER TO BUY THAN FIND How much would it cost to replicate Murray Brook resources? Chester Resource Estimate in 2022 Cost to Add Murray Brook Mineral Resource Increased by 50M lbs CuEq Add +450MM lbs CuEq @ 1.6% Cu Exploration budget = $500K Required exploration Budget = $4.5M Discove
Slide 9: Recoveries, Material Handling, US/CAD$: Will Increase Project Return
12 JUNE 2023 RECOVERIES, MATERIAL HANDLING, US/CAD$: WILL INCREASE PROJECT RETURN McIlvenna Bay Murray Brook (Open Pit)* (Underground)** Canadian Copper Market Cap = C$8M Foran Mining Market Cap = C$800M Daily Throughput (tpd) 6,000tpd Daily Throughput (tpd) 4,200tpd Annual Throughput Annual Through
Slide 10: Path to Value Enhancement
12 JUNE 2023 PATH TO VALUE ENHANCEMENT PROJECT WORK SINCE 2013 PEA INCLUDES* • Seven Met Holes • Four Geotech • New Met Testing $3M in Capital • Haulage Study & • Ground Water 6 Months to • Slope Stability Complete • TSF Study • ABA Testing RECOVERY OPTIMIZATION** -2% +57% 100 +86% 89 87 2013 PEA Me
Slide 11: Project Advancement Schedule
12 JUNE 2023 PROJECT ADVANCEMENT SCHEDULE WORK Q3/23 Q4/23 Q1/24 Q2/24 Q3/24 Q4/24 2025 New PEA <6–9MON <3MON <3MON Exploration Met. Optimization <6 MON Scenario Analysis <1MON & Material Handling Permitting Review <6 MON Present Development Plan to Provincial Government 11
Slide 12: Potential at Depth
12 JUNE 2023 POTENTIAL AT DEPTH 1 6 15 02 6 9 01 2- 06 -1 4 12 -5 7- 01 9- 7 12 12 2- 11 01 B2 01 3 0 12 - 20 1 B2 0 B2 B2 1- B2 M M MB2012-156 NE 39 B2 01 M B2 0 M B M M SW A’ 57 1- M A 61 -6 3 1- 01 M 9 -1 01 B2 -7 12 12 2 0 B2 0 B2 M 01 B2 M B2 M 3.81%Cu over 25.05m M M Incl. 5.48% over 10.35m 71
Slide 13: Near-Surface Targets
12 JUNE 2023 NEAR-SURFACE TARGETS 2 MB2019-02 MB2018-03 MB2012-65 0.82%Cu over 34.0m 0.79%Cu, 2.95% Pb-Zn, 29 0.81%Cu, 2.20% Pb-Zn, 33 g/t Incl. 1.42%Cu, 0.15g/t g/t Ag over 99.6m Ag, 0.55 g/t Au over 81.8m Au over 16.3m Incl. 3.04% over 19.0m Incl. 4.07% over 11.0m Cu (%) OPEN 2 8 Zn (%) 0 9- 15 0
Slide 14: Exploration Targets
12 JUNE 2023 EXPLORATION TARGETS 3 Surface High grade COPPER MS Zone 150m-165m (MS) Chlorite Alteration surrounding The Deposit (20-25m) Pyrite MS-SMS Alteration Zone 0.39 g/t Au + 0.3% Zn + 0.2% Pb / 3.9m @ 265m 0.14 g/t Au + 0.1% Zn + 0.1% Pb / 30.9m @ 325m High grade ZINC Zone -3 50 m - 300m -4 -
Slide 15: MB Two Year Plan
12 JUNE 2023 MB TWO YEAR PLAN Integrate valuable engineering studies to new PEA Additional met testing: target metal recovery improvements Complete trade-offs in PEA – toll milling, material handling Test western & eastern extensions – 5,000 meters Review regional exploration targets across 18km pro
Slide 16: Appendix A: 2013 Mineral Resource
12 JUNE 2023 APPENDIX A: 2013 MINERAL RESOURCE 16 *MB PEA 2013