Slide 1: The AntaKori Copper-Gold Project
The AntaKori Copper-Gold Project A World-Class Brownfield Opportunity TSX.V: REG OTCQX: RGLSF March 2024
Slide 2: Disclaimer
DISCLAIMER Forward Looking Information Forward-Looking Information. Certain statements regarding Regulus, including management's assessment of future plans and operations, may constitute forward- looking statements under applicable securities laws and necessarily involve known and unknown risks and
Slide 3: Our Strategy
OUR STRATEGY Management With A Clear Business Model And Successful Track Record 1 2 3 Acquire Mineral Add Value by Monetize By Resources with Expanding Resource & Selling to a Overlooked Potential Project De-Risking Major Mining Co. The Team’s Companies & Key Projects 2005 2005-2010 2010 Antares Min
Slide 4: Investment Highlights: Why Regulus Resources?
INVESTMENT HIGHLIGHTS AntaKori Is A High-Grade, Low Strip Project In An Established Mining District WHY REGULUS RESOURCES? DELIVERING A PROVEN QUALITY COPPER PROJECT STRATEGY PARTNERS AT THE RIGHT TIME Identif • One of the highest-grade undeveloped y Grow • Experienced management team copper deposit
Slide 5: Who Are We?
WHO ARE WE? Regulus’s Core Management Team Has A Track Record Of Success ALIGNED WITH SHAREHOLDERS REGULUS RESOURCES’ SENIOR MANAGEMENT AND EXPERIENCED IN PERU • Regulus senior management has invested C$2.9 M buying shares over the last 5 years. • Members of the core management team founded Antares
Slide 6: Capital Structure
CAPITAL STRUCTURE A Tightly-Held Junior With Strong And Strategic Partners CAPITAL STRUCTURE Ticker (TSX.V) REG Ticker (BVL) REG Ticker (OTCQX) RGLSF 21.81% Shares issued 124,508,818 Fully diluted 141,598,818 Share price C$0.90 51.05% (Mar 4, 2024) 16.11% Market C$112.1 M capitalization Current cash
Slide 7: Where Is the AntaKori Project?
WHERE IS THE ANTAKORI PROJECT? Located In A Well-Established Mining District In A Major Copper Producing Country TOP GLOBAL COPPER-GOLD PRODUCER Peru is the second largest copper producing country in the world and largest gold producer in South America. GEOLOGICALLY WELL-ENDOWED The region is geolog
Slide 8: What Is the District Setting?
WHAT IS THE DISTRICT SETTING? AntaKori Is Strategically Located Adjacent To Two Operating Mines TANTAHUATAY MINE • Oxide, heap leach gold mine operated by Coimolache (JV between Buenaventura, Southern Copper and ESPRO) • Mine projected to stop mining oxides in 20271 • Beneath oxide mineralization is
Slide 9: What Is the AntaKori Project?
WHAT IS THE ANTAKORI PROJECT? AntaKori Represents A Portion Of A World-Class Copper-Gold Deposit 3D map looking to northwest AntaKori AntaKori – Brownfield Exploration Tantahuatay Oxide Mine Sulphides Exploration • 100% owned by Regulus • Significant resource calculated in 2019 Tantahuatay • High-gr
Slide 10: What Is on the AntaKori Side?
WHAT IS ON THE ANTAKORI SIDE? A Significant Resource With High-Grade Mineralization At Surface And Low Strip Ratio (0.85/1) Regulus (70%) / Buenaventura (30%) JV GOLD FIELDS EARN-IN CLAIMS High Grade Near Surface Section line Mineralization Outside Pit COIMOLACHE AREA OF INTEREST AntaKori Resource H
Slide 11: What Is on the Tantahuatay Side?
WHAT IS ON THE TANTAHUATAY SIDE? A Large Copper-Gold Sulphide Resource Beneath The Oxide Mine AntaKori Project Tantahuatay Sulphides Notes: Images and Resources published in Buenaventura 2023 • Significant portions of >1%CuEq mineralization near AntaKori claims, which would Investor Day Report. like
Slide 12: Why Is the 'TantaKori' Deposit So Attractive?
WHY IS THE ‘TANTAKORI’ DEPOSIT SO ATTRACTIVE? Size, Grade And Brownfield Nature Make The TantaKori Deposit Stand Out HIGHLIGHTS • Large tonnage with attractive grades, and high-grade near surface TantaKori Deposit • • Low strip ratio of 0.85B with potential to go lower Oxide mine effectively pre-str
Slide 13: Rio Tinto Nuton Strategic Investment & Partnership
RIO TINTO NUTON STRATEGIC INVESTMENT & PARTNERSHIP Collaborating To Unlock Copper Resources In A District With Substantial Scale Potential NutonTM Overview & Strategic Investment Details Benefits of Nuton’s Sulphide Leaching Technology • Sizeable investment (C$20.5 M) by one of the largest diversifi
Slide 14: Unlocking Value at the AntaKori Project
UNLOCKING VALUE AT THE ANTAKORI PROJECT Perceived Issues At The Project vs Regulus’ Solutions Reached agreements with CMC, Buenaventura and Complex claim position: can exploration occur? Gold Fields to allow exploration Multiple pathways to deal with arsenic including Can we deal with arsenic? Nuton
Slide 15: Why Is the 'TantaKori' Deposit So Attractive?
WHY IS THE ‘TANTAKORI’ DEPOSIT SO ATTRACTIVE? Size, Grade And Brownfield Nature Make The TantaKori Deposit Stand Out DISTRIBUTION OF CURRENT RESOURCE 20 SIGNIFICANT DRILL HOLES AT ANTAKORI High Grade Near Surface • Approximately 36% of total tonnage within the top 300 m of the deposit is >0.7% CuEq
Slide 16: Creating Sustainable Value for All Stakeholders
CREATING SUSTAINABLE VALUE FOR ALL STAKEHOLDERS Regulus’ Approach To Sustainably Develop The AntaKori Project ACTIVELY INVOLVED IN LARGE DEPOSIT WITH POTENTIAL A TECHNICAL APPROACH THAT LONG-TERM COMMUNITY AND FOR MULTI-GENERATIONAL WILL FACILITATE MINING ENVIRONMENTAL PROJECTS MINE LIFE ANTAKORI Re
Slide 17: Environmental, Social and Governance Focused
ENVIRONMENTAL, SOCIAL AND GOVERNANCE FOCUSED Accelerating Long-Term Involvement In Local Community And Environmental Initiatives The installation and technical support of satellite internet antennas in Chugur and Hualgayoc The improvement and conservation of pastures and Stimulating agricultural pro
Slide 18: A New Mining Cluster in Northern Peru
A NEW MINING CLUSTER IN NORTHERN PERU Cajamarca Is Key To Peru’s Northern Mining Corridor, And Majors Are Investing Current Copper Producing Cluster And New Potential Cluster “In the north, there is a clear copper cluster in Cajamarca. For example, there is Tantahuatay Sulfides, AntaKori and Cerro C
Slide 19: What Did the Team Do With Antares?
WHAT DID THE TEAM DO WITH ANTARES? Generated Significant Value For Shareholders TSX.V: REG | OTCQX: RGLSF 19 Predecessor company delivered significant return on investment for shareholders TSX.V: REG OTCQX: RGLSF 19
Slide 20: What Is Driving Copper Demand?
WHAT IS DRIVING COPPER DEMAND? Significant Copper is Required For The Green Energy Transition FORECAST WORLD COPPER CONSUMPTION – 2021 to 2050 Renewable energy systems use up to 12x more copper than conventional power systems Source: McKinsey 5 t Cu/MW 9.6 t Cu/MW Solar PV Offshore Wind Farms vs 60-
Slide 21: Majors Actively Acquiring Copper Assets
MAJORS ACTIVELY ACQUIRING COPPER ASSETS Mining producers looking for growth in copper with limited opportunities TSX.V: REG | OTCQX: RGLSF 21
Slide 22: 2019 AntaKori Resource Estimate
2019 ANTAKORI RESOURCE ESTIMATE Details From The 2019 Resource Estimate For AntaKori AntaKori Indicated Mineral Resources AntaKori Inferred Mineral Resources AntaKori Indicated Mineral Resource Contained Metals AntaKori Inferred Mineral Resource Contained Metals CuEq Tonnes Cu Au Ag As Cu Au Ag CuEq
Slide 23: Investment Recap: The AntaKori Project
INVESTMENT RECAP: THE ANTAKORI PROJECT A Brownfield Copper-Gold Deposit with District-Scale Potential GROWING MINERAL RESOURCE REGIONALDEVELOPMENT PROJECT POTENTIAL ● 250 Mt @ 0.48% Cu, 0.29 g/t Au, 7.5 g/t Ag ● Nearby mines’ ore is depleting (Indicated) ● 267 Mt @ 0.41% Cu, 0.26 g/t Au, 7.8 g/t Ag