Element 29 Resources, Inc. · TSXV:ECU
Element 29 Resources — Investor Presentation (November 2022)
22 slides from Element 29 Resources's investor presentation, November 2022
Slide 1: Advancing new copper deposits in Peru
ADVANCING new copper DEPOSITS in Peru Element 29 Resources Inc. INVESTOR PRESENTATION e29copper.com NOVEMBER 2022 TSX-V: ECU E L E M E N T 2 9 OTCQB: EMTRF
Slide 2: Forward looking and cautionary statements
Forward looking and cautionary statements Certain statements in this presentation constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking information relates to future events, future performance and statements that are not historical facts. Forward-
Slide 3: Two key copper projects in Peru
Two key copper projects in Peru INTRODUCTION • Strong copper-mineralized systems proven at both Element 29 projects. • Located at low elevations and near infrastructure. Experienced leadership team Element 29 Resources Inc. (E29) is • Copper-focused management with experience focused on growing reso
Slide 4: Growing copper demand
ELEMENT 29 Growing COPPER dEMAND • Copper is the metal needed to bring energy to market. • Copper demand by green energy is forecast to double over the decade from 2.1 Mtpa to 4.2 Mtpa. • EV copper consumption is 4 to 15 times more than regular combustion engine vehicles. Source: BloombergNEF 4 E L
Slide 5: Copper Supply
ELEMENT 29 Copper Supply • Copper inventories are at near record lows. • Resources are declining while demand is increasing due to a global green energy focus. • By 2023, primary copper demand is projected to exceed forecast inventories. 5 E L E M E N T 2 9
Slide 6: Peru is copper-rich
ELEMENT 29 PERU IS copper-Rich • Peru is the second largest copper producer globally (2.5 Mtpa). • The total copper inventory of Peru is 234.7 Mt, as reported by SPGlobal1. • Copper deposits are distributed throughout the Andean magmatic arcs of Peru. Porphyry copper systems represent the largest de
Slide 7: Peru - A Competitive Mining Jurisdiction
ELEMENT 29 Peru - A Competitive Mining Jurisdiction Copper Production Cash Costs before By-Product Credits by Cost Driver (US$/t) - 2018 • Mining is 60% of exports and 10% of GDP. • Second lowest cost copper producer globally. • Exploration costs are one of the lowest in South America. US$/t • Mines
Slide 8: Management
ELEMENT 29 Experienced, Balanced Leadership EXPERIENCE ACHIEVEMENTS ROLES Richard Osmond P.Geo 30+ years Exploration track record of success including President, GlobeTrotters Resource Group. Chairman discoveries at Voisey’s Bay and Raglan. Former INCO (VBNC), Falconbridge, Anglo American. Michael D
Slide 9: Share Structure
Share Ownership ELEMENT 29 79.8M Share Structure Resource Capital Funds 5% 3.8M 14% GlobeTrotters Supportive & diverse shareholders. 15.5M Acasta Management aligned with shareholders. 8% Partners 66% * Other* TSX-V: ECU 7% Mgmt & 99.1M Board OTCQB: EMTRF FRA: 2IK ~$3.3M * Retail + Institutional
Slide 10: Positioned for Growth
ELEMENT 29 Positioned for Growth Element 29 controls two large porphyry copper systems in the early stages of resource development. • Elida Deposit – grass roots discovery of a new porphyry copper system in west-central Peru. • Flor de Cobre Project – acquisition of an historical copper resource in
Slide 11: Elida Deposit Summary
SUMMARY ELIDA DEPOSIT Inferred Mineral Resource Estimate1 of 321.7 million tonnes grading 0.32% copper, 0.03% molybdenum and 2.6 g/t silver with a low 0.74:1 strip ratio 100% ownership of the 19,210 ha project Initial Mineral Resource Estimate1 • Discovered by GlobeTrotters Resource Group in • Infer
Slide 12: Elida Location
ELIDA Location • Located in west-central Peru, 85 km from the Pacific coast. • Lower elevation (~1,600 m). Elida Close to: Hydroelectric Station Transportation routes 45 MW Electrical grid Hydroelectric station (45 MW) Port Antamina pipeline / port Skilled workforce 12 E L E M E N T 2 9
Slide 13: Exploration Achievements
ELIDA Exploration Achievements • Five porphyry centres outlined from surface and subsurface data. • Phase 1 drilling on the Zone 1 porphyry successfully completed in 2021 to confirm extensive copper mineralization to depths of more than 900 metres and leading to initial Mineral Resource Estimate in
Slide 14: Zone 1 porphyry
ELIDA Zone 1 porphyry 7 drill holes (4500 m) completed on Zone 1 in 2021. Multiple, long continuously mineralized intervals obtained. Vertical and lateral continuity demonstrated. Increased confidence in the position of interpreted mineralization boundaries. More than doubled the depth of
Slide 15: Inferred Mineral Resource Estimate
ELIDA Inferred Mineral Resource Estimate Cu Tonnes Cu Contained Contained Mo Contained Contained Ag Contained Cut-Off (millions) (%) Cu Cu (%) Mo Mo (g/t) Ag (M lb) (tonnes) (M lb) (tonnes) (M oz) HIGHLIGHTS (%) 0.10 520.8 0.255 2,927.9 1,328,057 0.026 298.5 135,410 2.15 36.0 0.15 439.4 0.278 2,692.
Slide 16: Zone 1 Geometry
ELIDA Zone 1 Geometry • Mineralization begins at bedrock surface, resulting in low modeled strip ratio of 0.74 : 1. • A higher-grade subset of the Mineral Resource Estimate1 is located near surface. • More exploration is required to test mineralization at depth below the modeled constraining pit. 1
Slide 17: Flor De Cobre Summary
SUMMARY Flor De Cobre 1,927 ha – 2 Porphyry Copper Targets Historical Resource • Candelaria - 127 ha under option to earn 100%. • Historical copper resource of 57.4 million tonnes of • Atravesado - 1,800 ha 100% owned. 0.67% Cu at Candelaria outlined by Rio Amarillo/Phelps Dodge in the 1990s.1 Excel
Slide 18: Flor de Cobre Location
FLOR DE COBRE Location Cerro Verde Cu-Mo Mine Operator: Freeport McMoRan Flor De Cobre Chapi Copper Mine Operator: Nexa Resources Peru S.A. FLOR DE COBRE 18 E L E M E N T 2 9
Slide 19: Exploration Targets
1,972 Ha FLOR DE COBRE Atravesado Large 1.5 x 1.6 km porphyry target Exploration TARGETS • Candelaria Porphyry • AtraveSado Porphyry 12-hole drill program at Candelaria completed in May 2022 Candelaria 57.4 Mt @ 0.67% Cu1 123 m of 1.42% Cu 226 m of 0.42% Cu 1 The source of the historical resource es
Slide 20: Candelaria
FLOR DE COBRE Candelaria • Sub-horizontal enrichment zone, dominated by chalcocite, near surface (40-100 m below surface), reaching a thickness of up to 120 m. • Primary sulphide mineralization continues beneath the enrichment. • Unexplored to the northwest of latest drilling, towards large Astraves
Slide 21: Why Invest
ELEMENT 29 RESOURCES INC. Why Invest Projects Location Leadership Share Structure Work Plan Targeting large Projects are in A balanced leadership Management is Initial drilling completed copper resources mining-friendly Peru team with exploration, aligned with a strong at both properties. with growt
Slide 22: Contact
Contact Steve Stakiw President & CEO 1-888-246-7881 info@e29copper.com Element 29 Resources Inc. e29copper.com TSX-V: ECU E L E M E N T 2 9 OTCQB: EMTRF
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