Ngex Minerals Ltd. · TSX:NGEX
Ngex Minerals — Investor Day (September 2026)
86 slides from Ngex Minerals's investor day presentation, Sep 15, 2026
Slide 1: Setting the Stage for Continued Value Creation
NO GUTS, NO GLORY TSX: NGEX OTCQX: NGXXF NGEXminerals.com SETTING THE STAGE FOR CONTINUED VALUE CREATION High-Grade, High-Impact, Strategically Positioned Investor Day Presentation | September 15, 2026
Slide 2: Cautionary Statement
Cautionary Statement Certain statements made and information contained herein in the presentation constitutes “forward-looking Estimates of Mineral Reserves and Mineral Resources information” and “forward-looking statements” within the meaning of applicable securities legislation (collectively, “for
Slide 3: Agenda
AGENDA INVESTOR DAY 2026 PRESENTING TODAY 1. Introduction 2. Lunahuasi Update Wojtek Wodzicki Bob Carmichael 3. Los Helados Refresher President, CEO & Director VP, Exploration 4. Valiente Resources Spin-Out 5. Summary 6. Q&A Finlay Heppenstall VP, Corp Dev & IR NGExminerals.com TSX:NGEX 2
Slide 4: A couple of reminders
AGENDA A couple of reminders PRESENTING TODAY • This is not simply a corporate presentation – we will be providing more geological and technical detail than we do in our usual investor deck • Intended to put recent results into a broader context and provide an overview of corporate strategy • A lot
Slide 5: Introduction
Introduction | Creatively driving shareholder value TSX: LUN NASDAQ STOCKHOLM: LUMI 4
Slide 6: From Investor Day 2025: Stay Focused – Stay Hungry
From Investor Day 2025: Stay Focused – Stay Hungry Build on the best track record in the exploration business Focus on grade Grow Build a pathway to Stay production entrepreneurial NGExminerals.com TSX:NGEX 5
Slide 7: NGEx has achieved a lot in the last 12 months
NGEx has achieved a lot in the last 12 months Continuing to do what we say Received EIA for Closed $175M Private Released second annual development of exploration Placement sustainability report adit at Lunahuasi Completed highly successful Phase 4 drill program Closed spin-out of LunR Welcomed Lund
Slide 8: Around us the Vicuña District is rapidly advancing
Around us the Vicuna District is rapidly advancing CASERONES operating mine BHP/Lundin Mining JV moving Vicuna LOS HELADOS project towards FID Large Resource + Exploration LUNAHUASI JOSEMARIA New Major High-Grade 8 km feasibility study Discovery Lundin Mining increased interest in FILO DEL SOL PFS +
Slide 9: Phase 4 Program reinforced the exceptional nature of Lunahuasi
Phase 4 Program reinforced the exceptional nature of Lunahuasi Significantly expanded mineralized footprint and improved geological interpretation and understanding of overall system Extension of existing zones and Continued intersection of high-grade Confirmation that the Lunahuasi porphyry include
Slide 10: New adit will facilitate exploration and eventual development of Lunahuasi
New adit will facilitate exploration and eventual development of Lunahuasi An important next step for the Project: o Will facilitate resource definition drilling supporting eventual MRE o Year-round, more efficient and targeted drilling in a controlled environment o Detailed mapping o Collection of
Slide 11: The path forward maximizing the value of the NGEx portfolio
The path forward maximizing the value of the NGEx portfolio "Will it create shareholder value?" Lunahuasi Los Helados LunR Royalties Valiente Resources ` o Focus on exploration to o One of the largest o NGEx owns 13,370,107 o Renewed focus on an fully define potential undeveloped deposits in shares
Slide 12: Lunahuasi | Continued focus on exploration
Lunahuasi | Continued focus on exploration TSX: LUN NASDAQ STOCKHOLM: LUMI 11
Slide 13: Lunahuasi Phase 4 Update
Lunahuasi Phase 4 Update • Exploration Update - Lunahuasi is still primarily an exploration story o Mineralized system remains completely open o All identified “zones” remain completely open o New discovery potential remains excellent • Metallurgical Testwork Results o We are starting to do internal
Slide 14: Vicuña District Today
Vicuña District Today FIVE MAJOR DEPOSITS, GROWING AND MOVING TOWARDS DEVELOPMENT CASERONES operating mine LOS HELADOS Large Resource + Exploration LUNAHUASI JOSEMARIA Valle Ancho New Major High-Grade 8 km feasibility study Discovery Vicuña FILO DEL SOL PFS + exploration NGEx Lundin Mining BHP JX Ni
Slide 15: Vicuña District Today: World-Class Metal Endowment
Vicuña District Today Grade Contained Metal Tonnes TRUE WORLD-CLASS METAL ENDOWMENT Deposit Category (millions) Cu Au Ag Cu Au Ag (%) (g/t) (g/t) (kt) (Moz) (Moz) Indicated 2,080 0.40 0.15 1.5 8,320 10.2 98 Los Helados Inferred 1,080 0.34 0.10 1.4 3,672 3.6 50 M+I 4,181 0.34 0.27 5.4 14,338 36.1 729
Slide 16: The Evolution of Lunahuasi
The Evolution of Lunahausi TSX: LUN NASDAQ STOCKHOLM: LUMI 15
Slide 17: Lunahuasi Exploration History
Lunahuasi Exploration History A very recent discovery Phase 1 drill program: Phase 2 drill program: 4,912m in 8 holes 12,950m in 15 holes 2023 2024 2025 2026 Phase 3 drill program: Phase 4 drill program: Phase 5 drill program April 2023: 25,388m in 27 holes 27,320m in 32 holes Lunahuasi initial disc
Slide 18: Phase 1 & 2: May 2024
02: 60.0m @ 7.52% CuEq 07: 90.0m @ 18: 37.8m @ 4.05% CuEq 4.05% CuEq 14: 71.9m @ 07: 90.0m @ 4.05% CuEq 9.63% CuEq 18: 102.7m @ 4.25% CuEq 22: 101.0m @ 5.86% CuEq Hole #: Length @ 21: 192.6m @ CuEq 3.37% CuEq CuEq % 1.0 - 2.0 % 2.0 - 4.0 % 4.0 - 10.0 % > 10.0 % 1,000m Phase 1 & 2: May 2024 NGExminer
Slide 19: Phase 3: May 2025
43: 46.8m @ 9.55% CuEq 33: 23.0m @ 4.49% CuEq 25: 29.8m @ 4.80% CuEq 33: 40.0m @ 7.02% CuEq 43: 89.6m @ 2.42% CuEq 28: 53.5m @ 38: 42.4m @ 7.79% CuEq 6.14% CuEq 35: 51.5m @ 28: 59.1m @ 12.26% CuEq 5.07% CuEq 46: 104.8m @ 6.90% CuEq* 28: 110.1m @ 8.82% CuEq Hole #: Length @ 44: 340.3m @ CuEq 29: 157.
Slide 20: Phase 4: May 2026
77: 57.8m @ 75: 17.0m @ 75: 47.3m @ 9.41% CuEq 2.47% CuEq 2.79% CuEq 75: 13.5m @ 11.36% CuEq 78:20.5m @ 17.83% CuEq GT004: 23.1m @ 4.71% CuEq 64: 156.0m @ 1.00% CuEq GT004: 48.0m @ 7.43% CuEq 57: 131.0m @ 5.09% CuEq 64: 88.0m @ Hole #: Length @ 73: 56.1m @ 8.65% CuEq CuEq 3.19% CuEq CuEq % 63: 110.0
Slide 21: Phase 4: May 2026
CuEq % 1.0 - 2.0 % 2.0 - 4.0 % 4.0 - 10.0 % > 10.0 % 1,000m Phase 4: May 2026 NGExminerals.com TSX:NGEX 20
Slide 22: Quick Geology Refresher
Quick Geology Refresher TSX: LUN NASDAQ STOCKHOLM: LUMI 21
Slide 23: Porphyry Copper Systems - Lithology
Porphyry Copper Systems - Lithology Sillitoe, 2010 NGExminerals.com TSX:NGEX 22
Slide 24: Porphyry Copper Systems - Alteration
Porphyry Copper Systems - Alteration Disseminated and stockwork high-sulphidation Cu-Au-Ag High-sulphidation vein Cu-Au- Ag High-grade Au Porphyry Cu-Au Sillitoe, 2010 NGExminerals.com TSX:NGEX 23
Slide 25: Lunahuasi is a Mineral System – not a single deposit
Lunahuasi is a Mineral System – not a single deposit Four styles of mineralization – each significant on its own • Think of Lunahuasi as a collection of mineral deposits • Each is exceptional • There is some degree of overprint – which can lead to remarkable grades • Each is open to expansion – as i
Slide 26: Four distinct styles of mineralization at Lunahuasi
Four distinct styles of mineralization at Lunahuasi Disseminated and stockwork High-sulphidation vein Cu-Au- High-grade Au Porphyry Cu-Au high-sulphidation Cu-Au-Ag Ag DPDH029: DPDH014: DPDH028: DPDH027: 823.1m at 1.17% CuEq 9.4m at 40.12% CuEq 1.5m at 115.00 g/t Au 743.0m at 0.56% CuEq (0.84% Cu, 0
Slide 27: High-Grade Gold: Improving our understanding of this component of the system
High-Grade Gold: Improving our understanding of this component of the system A well-known component of many high-sulphidation epithermal deposits The El Indio Deposit • Located 150km southwest of Lunahuasi • Renowned for bonanza gold, including the “3600 Vein” named after its initial assay values of
Slide 28: High-Grade Gold: Representative intersections
High-Grade Gold: Representative intersections Est True Hole ID From (m) To (m) Length (m) Cu % Au g/t Ag g/t Width (m) DPDH016 274.0 276.0 2.0 1.3 0.85 29.76 14.0 DPDH022 408.0 446.9 38.9 25.0 2.92 10.04 67.7 DPDH025 372.45 378.19 5.74 4.2 1.92 19.13 608.0 DPDH037 521.40 524.40 3.00 1.6 0.16 19.13 1
Slide 29: High-Grade Gold: Representative intersections
High-Grade Gold: Representative intersections 1,000m Jupiter Mars Saturn Overburden Silicified Zones Diorite Volcaniclastic NGExminerals.com TSX:NGEX 28
Slide 30: High-Grade High Sulphidation: The backbone - so far....
High-Grade High Sulphidation: The backbone - so far.... This is the most unique part of the deposit, best combination of grade and size • Massive sulphide veins > 20m true width • Seen in Mars, Saturn and Jupiter – and beyond • Gold grades can be very high where coincident with gold-quartz veins • N
Slide 31: High-Grade High Sulphidation: Representative intersections
High-Grade High Sulphidation: Representative intersections Est True Length Hole ID From (m) To (m) Width Cu % Au g/t Ag g/t CuEq % (m) (m) DPDH009 188.50 195.00 6.50 3.6 17.19 8.71 279.04 26.00 DPDH014 220.00 243.00 23.00 11.7 14.68 9.95 123.07 23.02 DPDH021 476.00 496.10 20.10 13.0 9.18 6.86 98.50
Slide 32: High-Grade High Sulphidation: Representative intersections
High-Grade High Sulphidation: Representative intersections 1,000m Jupiter Mars Saturn Overburden Silicified Zones Diorite Volcaniclastic NGExminerals.com TSX:NGEX 31
Slide 33: Disseminated and Stockwork High Sulphidation: Size potential
Disseminated and Stockwork High Sulphidation: Size potential Very large volume of this style of mineralization – implications for production scenarios Hole number From To Length Cu % Au g/t Ag g/t CuEq DPDH018 1056.00 1058.05 2.05 0.424 0.109 3.0 0.53 DPDH018 1058.05 1059.00 0.95 1.774 0.140 6.0 1.9
Slide 34: Disseminated and Stockwork High Sulphidation: Representative intersections
Disseminated and Stockwork High Sulphidation: Representative intersections Est True Hole ID From (m) To (m) Length (m) Cu % Au g/t Ag g/t CuEq % Width (m) DPDH018 738.00 1167.40 429.40 429 1.41 0.67 46.6 2.31 DPDH021 430.00 1202.50 772.50 773 1.02 0.64 14.2 1.60 DPDH022 380.00 1106.50 726.50 727 0.8
Slide 35: Disseminated and Stockwork High Sulphidation: Representative intersections
Disseminated and Stockwork High Sulphidation: Representative intersections 1,000m Overburden Silicified Zones Diorite Volcaniclastic NGExminerals.com TSX:NGEX 34
Slide 36: Porphyry Copper-Gold: The source
Porphyry Copper-Gold: The source This is the driver of the system – potential for the most contained metal Hole number From To Length (m) Cu % Au g/t Ag g/t CuEq % DPDH064 1532.0 1534.0 2.0 0.88 0.21 2.0 1.05 DPDH064 1534.0 1536.0 2.0 1.11 0.27 3.0 1.33 DPDH064 1536.0 1538.0 2.0 0.92 0.64 4.0 1.42 D
Slide 37: Porphyry Copper-Gold: The source
Porphyry Copper-Gold: The source Only two holes to date Est True Length Hole ID From (m) To (m) Width Cu % Au g/t Ag g/t CuEq % (m) (m) DPDH027 1262.00 2005.00 743.00 743 0.43 0.13 2.3 0.55 incl 1343.00 1576.00 233.00 175 0.74 0.21 3.8 0.93 DPDH064 1235.00 1736.10 501.10 500 0.54 0.22 3.0 0.73 incl
Slide 38: Porphyry Copper-Gold: The source
Porphyry Copper-Gold: The source 1,000m Overburden Silicified Zones Diorite Volcaniclastic NGExminerals.com TSX:NGEX 37
Slide 39: Combined Zones
Combined Zones 1,000m Overburden Silicified Zones Diorite Volcaniclastic NGExminerals.com TSX:NGEX 38
Slide 40: Combined Zones
Combined Zones 1,000m Overburden Silicified Zones Diorite Volcaniclastic NGExminerals.com TSX:NGEX 39
Slide 41: High-Grade Hypogene: The missing piece
High-Grade Hypogene: The missing piece The deposit model, and analogies with other deposits, point to an exploration target Sillitoe, 2010 Yang and Wilkinson, 2025 Calder et al, 2022 NGExminerals.com TSX:NGEX 40
Slide 42: High-Grade Hypogene: The missing piece
High-Grade Hypogene: The missing piece The deposit model, and analogies with other deposits, point to an exploration target NGExminerals.com TSX:NGEX 41
Slide 43: High-Grade Hypogene: The missing piece
High-Grade Hypogene: The missing piece The deposit model, and analogies with other deposits, point to an exploration target NGExminerals.com TSX:NGEX 42
Slide 44: High-Grade Hypogene: The missing piece
High-Grade Hypogene: The missing piece Magnetotelluric geophysical results support interpretation NGExminerals.com TSX:NGEX 43
Slide 45: Lunahuasi is a combination of several deposits
Lunahuasi is a combination of several deposits Variety provides optionality for conceptual mine planning • We are starting to understand the details, and to predict locations and geometries • High-potential exploration targets remain • Each one of the four deposits, on its own, would be an exciting
Slide 46: Phase 5 Drill Program
Phase 5 Drill Program TSX: LUN NASDAQ STOCKHOLM: LUMI 45
Slide 47: Proposed Phase 5 Drill Program
Proposed Phase 5 Drill Program • Proposed plan involves 25,000m of drilling using 8 rigs – similar to Phase 4 • Development of exploration adit • Mix of “Resource Definition”, “Step-out” and “Exploration” holes • Resource Definition: continue to define and expand the Mars, Saturn, Jupiter and other
Slide 48: Short-Range: Resource Definition Drilling
Short-Range: Resource Definition Drilling Key Objectives • Define and expand the Mars, Saturn and Jupiter zones • Increase data density to build confidence in the geological model • Resource definition is much more efficient with the planned underground development • Not just a simple geostatistical
Slide 49: Mid-Range: Step-Out Drilling
40m @ 7.02% 7m @ 11.87% JUPITER Mid-Range: Step-Out Drilling CuEq CuEq 43m @ 10.15% CuEq 11m @ 8.06% CuEq MARS Key Objectives • Continue to understand and 54m @ 6.46% expand the deposit - numerous CuEq intersections outside of the three main zones are open to 13m @ expansion 16.18% CuEq • Looking to
Slide 50: Long-Range: Exploration Drilling
Long-Range: Exploration Drilling Key Objectives • Test anomalies and district scale modeling to discover new components of the Lunahuasi system and demonstrate its true potential • Holes are designed to explore for the existence of missing parts of the porphyry system, such as a disseminated and sto
Slide 51: Regional Exploration
Regional Exploration 3,000m Strong surface alteration Anomalous surface sampling Secondary plateau drill target Porphyry / HS Breccia Target Area NGExminerals.com TSX:NGEX 50
Slide 52: Regional Exploration
Regional Exploration NGExminerals.com TSX:NGEX 51
Slide 53: Metallurgical Testwork Results
Metallurgical Testwork Results TSX: LUN NASDAQ STOCKHOLM: LUMI 52
Slide 54: 2025/26 Initial Metallurgical Testwork
2025/26 Initial Metallurgical Testwork • Lunahuasi is a new discovery – no historical engineering work of any kind • Main copper carrier in the high sulphidation mineralization is enargite, Cu3AsS4 o Enargite is rich in copper (48% vs 35% for chalcopyrite) but arsenic goes with copper • High sulphid
Slide 55: Sample Selection
Sample Selection Initial focus on high Spatial distribution of Creation of three main Porphyry and high-grade sulphidation mineralization in Jupiter, Mars and Saturn samples composites gold to be tested in future Drill Length Weight Cu Composite Au (g/t) Ag (g/t) holes (m) (kg) (%) Mars 10 431 1,179
Slide 56: Phase 1: Flotation
Phase 1: Flotation • Jupiter, Mars and Saturn tested separately • Sequential copper concentrate -> pyrite concentrate -> tailings • Very simple flow sheet – rougher concentrate only – no cleaning stages • Option to combine copper and pyrite concentrate to produce a bulk concentrate • Pyrite : Enargi
Slide 57: Phase 2: Concentrate Treatment
Phase 2: Concentrate Treatment • Several processes tested: o Pressure Oxidation (POX) o Caustic Leaching o Dundee Sustainable Technologies GlassLockTM o Albion ProcessTM • All worked well and warrant further testwork • GlassLockTM had the best initial results • Tested Cu Cons – option to blend produ
Slide 58: Metallurgy: Next Steps
Metallurgy: Next Steps • Variability testing; assessing metallurgical response across spatial domains, grade ranges and alteration types • Comminution testing • Concentrate treatment o Continued optimization and trade-off studies of several options o Evaluation of opportunities to produce cathode co
Slide 59: Los Helados | New partnership with Lundin Mining creates opportunity
Los Helados | New partnership with Lundin Mining creates opportunity TSX: LUN NASDAQ STOCKHOLM: LUMI 58
Slide 60: Los Helados is one of the largest undeveloped deposits in Chile
Los Helados is one of the largest undeveloped deposits in Chile Scale ~ 1.3 km long x ~1.3 vertical extent SE SE Mineral Resource: Indicated 18.4 Blbs Cu (@ 0.33% NW Cut-Off) Inferred 8.3 Blbs High-grade zones Indicated 10.2 Moz Au 500 m (@ 0.33% Cut-Off) Inferred 3.6 Moz Drillholes Block Model CuEq
Slide 61: Hosts three higher-grade zones: Condor, Fenix, and Alicanto
~17 km to Caserones Hosts three higher-grade zones: Condor, Fenix, and Alicanto N Open Alicanto Zone Open towards Caserones Mineral Property Fenix Zone 500 m Drillholes Access Alteration Footprint Caserones claims Mineralization Footprint Mineral Resource includes 510 Mt > 0.8% CuEq Condor Zone at 0
Slide 62: Located 17km from Lundin Mining’s Caserones Mine in Region III, Chile
Located 17km from Lundin Mining’s Caserones Mine in Region III, Chile Ownership summary: Los Helados: NGEx 69%/Lundin Mining 31% Caserones: Lundin Mining 75%/JX 25% NGExminerals.com TSX:NGEX 61
Slide 63: Valiente Resources | The New Lundin Group Exploration Company
Valiente Resources|The New Lundin Group Exploration Company
Slide 64: Valiente Resources is the Lundin Group’s new exploration vehicle
Valiente Resources is the Lundin Group’s new exploration vehicle A pure play South American exploration vehicle with an intention to grow A new Lundin Group Valle Ancho is a district- Track record of world- Aiming to build a exploration vehicle scale copper-gold class discoveries - same portfolio of
Slide 65: The Lundin Group has a strong track record of value creation…
The Lundin Group has a strong track record of value creation… … And the spin out strategy has been especially effective Select Lundin companies’ historical returns from inception NGEx Spinouts – Returns to date 139% Lundin Oil shareholder return 2016 2019 2025 Valkyries Petroleum 352% Josemaria 449%
Slide 66: Successful exploration can generate significant shareholder returns
Successful exploration can generate significant shareholder returns World class discoveries generate significant value Filo Corp NGEx Minerals $35 $35 $30 Announcement of $30 acquisition by BHP/Lundin Mining $25 $25 Share price (C$/sh) Share price (C$/sh) $20 $20 $15 $15 $10 $10 $5 $5 Announcement D
Slide 67: Valle Ancho will be the foundational piece of Valiente Resources
Valle Ancho will be the foundational piece of Valiente Resources Highly prospective copper-gold project in Catamarca Province, Argentina Snapshot Ownership: 100% owned by NGEx Location: Underexplored 100,000 hectare land package on the Argentina side of the Maricunga Gold Belt • Located ~40 km from
Slide 68: Several high potential targets already identified
Several high potential targets already identified Over an area similar in size to the Vicuna District Initial targets identified o La Quebrada – porphyry target o Nordin and 3N – oxide gold target o La Austral – gold silicified breccias o Interceptor – porphyry target o Los Aparejos – copper-gold sk
Slide 69: Valiente Resources will also look to grow its portfolio
Valiente Resources will also look to grow its portfolio Opportunistic acquisitions to grow a diversified portfolio of high-quality exploration prospects in South America 1. 2. 3. Opportunistic Exploration Initial Chile & Cu-Au-Ag upside/ Argentina focus will special Focus leverage situations experie
Slide 70: Timeline of Remaining Key Dates
Timeline of Remaining Key Dates Details and exact dates to be provided via news release once finalized August 6, 2026: Publication of news Q4 2026: release announcing Publication of Q4 2026: Special intention to spin out management meeting of Q4 2026: Court Valiente Resources information circular sh
Slide 71: Concluding Remarks
Concluding Remarks TSX: LUN NASDAQ STOCKHOLM: LUMI 70
Slide 72: Macro trends favor NGEx assets
Macro trends favor NGEx assets For the first time in our history • We are in the early innings of a historic bull market for hard assets • Demand is strong • Metal prices are at record highs – projects have not been revalued to match • High quality projects in favorable jurisdictions are scarce • NG
Slide 73: Maximize the value of NGEx assets; make sure value flows through to the share price
Maximize the value of NGEx assets; Make sure value flows through to the share price FOCUS ON THE BUSINESS OF REALIZING THE MAXIMUM VALUE FOR THE NGEX ASSETS Grow Lunahuasi - make sure the full system is defined Work with Lundin Mining to Continue to think creatively move Los Helados toward and entre
Slide 74: Q&A
Q&A TSX: LUN NASDAQ STOCKHOLM: LUMI 73
Slide 75: No Guts, No Glory
NO GUTS, NO GLORY Company Head Office Contact NGEx Minerals Ltd. Finlay Heppenstall Suite 2800 – 1055 Dunsmuir Street VP, Corp Dev & IR Vancouver, BC Telephone: (778) 386-4688 Canada V7X 1L2 Email: finlayh@ngexminerals.com @NGEx_minerals | NGExminerals.com | TSX: NGEX
Slide 76: Appendix
Appendix TSX: LUN NASDAQ STOCKHOLM: LUMI 75
Slide 77: Lunahuasi Drillhole Intersections
Lunahuasi Drillhole Intersections Est True Hole ID From (m) To (m) Length (m) Cu % Au g/t Ag g/t CuEq % Width (m) DPDH002 212.0 272.0 60.0 20.5 5.65 2.04 44.0 7.52 DPDH007 74.0 164.0 90.0 51.6 2.05 2.46 23.2 4.05 DPDH014 171.2 243.0 71.9 36.6 5.79 4.70 46.9 9.63 DPDH018 741.3 844.0 102.7 71.9 1.89 1
Slide 78: Lunahuasi Analogs
Lunahuasi Analogs = vad cus Ls
Slide 79: Some giant systems exhibit multiple styles of mineralization
Some giant systems exhibit multiple styles of mineralization Selected analogs exhibiting similar styles, grades and scale of mineralization Butte Collahuasi Fruta del Norte Chuquicamata High sulphidation lode High and intermediate High grade gold in Swarm of high- vein swarm “a mile sulphidation vei
Slide 80: Butte, Montana (2 styles)
Butte, Montana (2 styles) High sulphidation lode vein swarm “a mile wide by a mile long by a mile deep” surrounding a porphyry system two 168 Mt @~4.2% Cu from lode veins1 1Reed, M. H., & Dilles, J. H. (n.d.). Ore deposits of Butte, Montana. In MBMG Special Publication 122: Geology of Montana, Volum
Slide 81: Collahuasi, Chile (3 styles)
Collahuasi, Chile (3 styles) High and intermediate sulphidation veins surrounding a porphyry system • High-sulphidation lode (Cu-Au-Ag) veins o Historic production approx. 300Kt @ 25% Cu; 180g/t Ag, 2 g/t Au1 • Porphyry style mineralization o 1094 Mt @ 1.04% Cu1 • Intermediate sulphidation quartz (A
Slide 82: Fruta del Norte, Ecuador (2 styles)
Fruta del Norte, Ecuador (2 styles) Intermediate sulphidation gold veins associated with a porphyry copper system • Swarm of intermediate sulphidation gold veins adjacent to a newly discovered porphyry system • M&I Resource (Dec. 2024): 30.6 Mt @ 7.17 g/t Au1 • Dimensions: 1,670m x 150-300m x 700m •
Slide 83: El Indio, Chile (2 styles)
El Indio, Chile (2 styles) High sulphidation lode copper-gold-silver veins overprinted by later intermediate sulphidation quartz gold veins • High-sulphidation lode copper and intermediate sulphidation gold veins • No porphyry mineralization • 23.2 mt @ 6.6 g/t Au, 50 g/t Ag, 4% Cu. Bonanza grade go
Slide 84: Chuquicamata, Chile (2 styles)
Chuquicamata, Chile (2 styles) Swarm of high-sulphidation copper lode veins cutting a major porphyry system • Chuquicamata deposit extends at least 3km x 1km x 1km within a major NNE trending >15km long structural zone with multiple mineralized centers • Total production through 1997 2 Bt @ 1.54% Cu
Slide 85: Los Helados
Los Helados = val =<
Slide 86: Los Helados – Mineral Resource Statement
Los Helados – Mineral Resource Statement Grade Contained Metal Cut-Off Tonnes Category (%CuEq) (billions) Cu Au Ag CuEq Cu Au Ag (%) (g/t) (g/t) (%) (Blbs) (Moz) (Moz) Indicated 2.39 0.38 0.15 1.4 0.49 19.9 11.3 106.6 0.25% Inferred 1.84 0.30 0.10 1.3 0.38 12.2 5.8 75.4 Indicated 2.08 0.40 0.15 1.5