Luca Mining Corp · TSXV:LUCA
Luca Mining — Investor Presentation (April 2025)
22 slides from Luca Mining's investor presentation, Apr 21, 2025
Slide 1: Optimization Exploration Expansion
April 21, 2025 TSX-V: LUCA | OTCQX: LUCMF | FRANKFURT: Z68 | L U C A LMUI CNAI MN IGN .I C NGO .M COM 1 Optimization Exploration Expansion PRODUCtion gold/zinc/copper/silver/lead cash flow DISTRICT SCALE exploration
Slide 2: Forward Looking Statements
LUCAMINING.COM 2 Canadian regulatory agencies and available at www.sedarplus.ca. The Company Company’s anticipated future business operations. The Company disclaims any FORWARD LOOKING STATEMENTS believes that the expectations reflected in Forward-Looking Information in this Corporate Presentation a
Slide 3: Mexico Mining Experts
LUCAMINING.COM 3 MEXICO MINING EXPERTS Some of the largest mining companies in the world Mining in Mexico surround us in Mexico We know Mexico - and our experienced management team and our knowledge of the Mexican mining landscape give us a competitive advantage 3
Slide 4: Our Metal Breakdown
LUCAMINING.COM 4 OUR METAL BREAKDOWN 22% COPPER 35% GOLD 18% COPPER REVENUE ~50/50 Precious and Base metals BY METAL 16% SILVER 2% LEAD 25% ZINC 4
Slide 5: The Luca Story
LUCAMINING.COM 5 The Luca Story TAHUEHUETO 2 Fully permitted operating mines in PRODUCTION 2024 ~58,000 oz Au Eq Achieved 2024 production targets PRODUCTION 2025 ESTIMATE 80,000 - 100,000 oz Au Eq (65,000 - 80,000 oz Au Eq Payable) With significant further organic upside DE-RISKED OPERATIONS FREE CA
Slide 6: Our Plan
LUCAMINING.COM 66 Commission Tahuehueto Mill commissioning complete - continue throughput Our Plan ramp up – commercial production achieved Q1 Explore Tahuehueto 2025 Exploration commenced in Q4 2024. First assays in over a decade received in Q1 2025 – exciting new gold zones discovered Ramp up Camp
Slide 7: What this Means
LUCAMINING.COM 7 What this Means Our mines are permitted, Our mines have Luca is heading towards re-ranking in production and development and resource as a mid-tier producer generating cash flow – upside and optimization at our foundation on which to both projects is ongoing grow Clean balance sheet
Slide 8: Campo Morado
LUCAMINING.COM 8 GLOBAL M&I GOLD ZINC COPPER SILVER LEAD 16.6 Mt M&I 700 Koz M&I 1.2 Blbs M&I 0.2 Blbs M&I 62 Moz M&I 0.3 Blbs M&I CAMPO Location Guerrero State 121 sq km Processing 2,400 tpd throughput capacity (crushing, milling, flotation) MORADO Ownership 100% 2025E Production 54,000 – 64,000 oz
Slide 9: Optimization at Campo Morado yielding excellent results
LU LUCC AMAM I NI N I NI N GG. C. C OOMM 9 9 Optimization at CAMPO MORADO yielding excellent results Q4 2023 Initiated Optimization Program STAGES 1 2 3 4 Back to Basics Sustainable Operations Improvement Projects Campo Morado 4.0 • Refurbish & upgrade • Implement geomet and M2M • Partial flotation
Slide 10: Exploration upside at Campo Morado
LUCAMINING.COM 10 Main Declines, Development (looking North) G9, Naranjo and Largo Ore Bodies exploration upside at Campo morado • Well-defined, drilled and developed ore bodies • Higher Cu recovery, should increase economical and mineable resources Large amounts of technical data: Surface & structu
Slide 11: Exploration upside at Campo Morado
LUCAMINING.COM 11 Drill Gravity exploration upside collars survey at Campo morado EXPLORATION 4 of top 10 TARGETS “Drill ready” 38 Targets Mining Concessions >12,000 hs 11
Slide 12: Tahuehueto
LUCAMINING.COM 12 GLOBAL M&I GOLD ZINC COPPER SILVER LEAD 6.3 Mt M&I 425 Koz M&I 273 Mlbs M&I 36 Mlbs M&I 9 Moz M&I 123 Mlbs M&I Tahuehueto Location Durango State 75 sq km Processing 2025E Full Year 1,000 tpd throughput capacity (crushing, milling, flotation) 31,000 – 36,000 oz Au Eq Ownership 100%
Slide 13: Tahuehueto
LUCAMINING.COM 13 Tahuehueto LEVEL 12 & 14 PORTALS LEVEL 20 PORTAL CRUSHING CIRCUIT MINE CAMP PROCESS PLANT 13
Slide 14: Transformative exploration potential at Tahuehueto
LUCAMINING.COM 14 Main Declines, Development G9, Naranjo and Largo Ore Bodes Transformative exploration potential at tahuehueto EXPLORATION OBJECTIVES • Step-out drilling along strike (north and south) • Determine vertical extent of mineralization • Drill and explore multiple, known, untested First
Slide 15: Luca corporate stats
LUCAMINING.COM 15 Luca corporate stats PRICE CHART One Year LUCA LUCMF Z68 TSXV OTCQX Frankfurt Shares 239 million Outstanding Fully Diluted 286 million Market Cap C$346 million (April 17, 2025) 52 Week C$1.44 high C$0.355 low ANALYSTS SHAREHOLDER BASE Debt U$9.3 million April 17, 2025 Ventum Buy C$
Slide 16: A strong Board of directors
LUCAMINING.COM 16 Dr. Neil O’Brien DIRECTOR A strong Board of directors Economic geologist and former mining executive with three decades of industry service including Board of Director roles in public and private mineral exploration companies. Dr. O'Brien retired in 2018 Mine builders | Opportunity
Slide 17: A strong Management Team
LUCAMINING.COM 17 A strong MANAGEMENT TEAM Effective Execution Dan Barnholden, CEO Dan Barnholden is a seasoned professional with over 20 years of experience in senior mining investment banking roles at bank-owned Ramon Mendoza M.Sc., P.Eng. CTO, INTERIM COO and boutique dealers in Toronto and Vanco
Slide 18: What's next
LUCAMINING.COM 18 What’s next We see a near-term with significant and longer term valuation re-rating additional upside growth ahead The Campo Morado copper/zinc Production upside at both mines M&A growth mine has undergone a highly Targeting doubling production to Targeting mid-tier ranking with su
Slide 19: Thank You
LUCAMINING.COM 19 Thank You LUCAMINING.COM TSX-V: LUCA OTCQX: LUCMF FRANKFURT: Z68
Slide 20: Appendix
LUCAMINING.COM 20 APPENDIX 20
Slide 21: Campo Morado Resources
LUCAMINING.COM 21 Campo Morado Resources RESOURCES (NI 43-101 Compliant, March 2018) 21
Slide 22: Tahuehueto resources
LUCAMINING.COM 22 Tahuehueto resources RESERVES & RESOURCES (NI 43-101 Compliant, April 2022) 22