Capstone Copper Corp. · TSX:CS
Capstone Copper — Capstone Mining — Corporate Update (September 2020)
13 slides from Capstone Copper's corporate update, Sep 9, 2020
Slide 1: Cozamin Mine Plan: Safer, Greener and Higher Grade
COZAMIN MINE PLAN Safer, Greener and Higher Grade SEPTEMBER 2020
Slide 2: Cautionary Notes
Cautionary Notes CAUTIONARY NOTE ON FORWARD LOOKING INFORMATION COMPLIANCE WITH NI 43-101 This presentation, and the documents incorporated by reference herein, may contain “forward-looking information” within the Unless otherwise indicated, Capstone has prepared the technical information in this pr
Slide 3: Key Themes
Key Themes SAFER HIGHER PRODUCTION & LOWER COSTS • One-way ramp will reduce vehicle interaction safety risk • Three-year average annual production of encountered with two-way traffic 61.4 MIbs copper and 1.75 Mozs silver with C1 costs1 of • Truckless headings in upper levels by utilizing ore passes
Slide 4: 3 Years Post-Expansion vs. 3 Years Pre-Expansion
3 Years Post-Expansion vs. 3 Years Pre-Expansion 3 Years Annual Average 3 Years Annual Average Pre-Expansion (1.07 Mtpa*) Post-Expansion2 (1.36 Mtpa) % Difference 2018-20201 2021-2023 Cu Production (M lbs) 36.2 61.4 70% Ag Production (M troy ozs ) 1.22 1.75 43% Pb Production (M lbs) 2.5 - -100% Zn P
Slide 5: Updated LOM Plan as of April 30, 2020
Updated LOM Plan as of April 30, 2020 Subject to Change Pending Results of Pillar Extraction PFS1 Targeted for Completion in Q4 20201 Pre-Expansion Post-Expansion2 (1.07 million tpa) (up to 1.38 million tpa) 2018A 2019A 2020E3 2021E 2022E 2023E 2024E 2025E 2026E 2027E 2028E 2029E Cu Production (M lb
Slide 6: Exploration Excellence: Cozamin Steady Resource Growth
Exploration Excellence: Cozamin Steady Resource Growth Resource Growth 2015-2019 YE AIF Totals, 2020 as of April 30, 2020 50,000 2.00% 45,000 1.74% 1.80% 1.63% 1.57% 40,000 1.60% 1.49% 1.47% 16,558 kt Resource Tonnes (reported in AIF) 35,000 1.40% 1.27% 30,000 1.20% Cu Headgrade, % 25,000 16,922 kt
Slide 7: Short Term Opportunities
Short Term Opportunities Paste Backfill Targeting the extraction of up to 3.5 million tonnes of Indicated Mineral Resources grading 1.89% copper and 42 g/t silver remaining in the MNFWZ Stope Dilution Reduction with improved engineering, planning, long-hole drill control and optimized explosives des
Slide 8: Sustaining Capital Breakdown
Sustaining Capital Breakdown Pre-Expansion - $69 Million Post-Expansion LOM - $82 Million Sustaining Capital (2018-2020) US$ millions Sustaining Capital (2021-2029) US$ millions Mine Development $45 Mine Development $42 Ventilation $4 Ventilation $5 Equipment Purchases and Other $16 Equipment Purcha
Slide 9: Upcoming Catalysts for Cozamin Mine
Upcoming Catalysts for Cozamin Mine Updated Mine Plan and Reserve Estimate Updated mineral reserve and mineral resource estimate with new updated mine plan; extended mine life to 2029 Sept 2020 80-Hole Drill Program Underway New drill program targeting down dip extension to the SE of both Vein 10
Slide 10: Long-Term, Significant Organic Growth On Track
Long-Term, Significant Organic Growth On Track ~40% Organic Growth Expansion to ~200+ million pounds of copper1 at ~20% lower C1 cash costs2 by 2023 COZAMIN The best years are just ahead 250 $2.00 • 61.4 MIbs copper and 1.75 Mozs silver production average for 2021-2023 • Target mine life extension t
Slide 11: Questions?
QUESTIONS? CAPSTONE MINING (TSX:CS) • 13
Slide 12: Cozamin Reserves & Resources
Cozamin Reserves & Resources COPPER Total Proven & Probable Cu Mineral Reserve 182 kt contained metal (10,178 kt @ 1.79% Cu) Total Measured & Indicated Cu Mineral Resource 430 kt contained metal (27,459 kt @ 1.57% Cu) Inferred Cu Mineral Resource 106 kt contained metal (16,558 kt @ 0.64% Cu) SILVER
Slide 13: Contact Information
Contact Information GENERAL INQUIRES MEDIA AND INVESTOR INQUIRIES Capstone Mining Corp. Jerrold Annett Suite 2100 – 510 West Georgia Street Vice President, Strategy & Capital Markets Vancouver, BC V6B 0M3 Suite 2700 – 161 Bay Street Toronto, ON M5J 2S1 www.capstonemining.com 1-416-572-2272 inf