Surge Copper Corp. · TSXV:SURG
Surge Copper — Investor Presentation (March 2022)
26 slides from Surge Copper's investor presentation, Mar 1, 2022
Slide 1: Copper Discovery & Development in British Columbia
TSXV:SURG | OTCQX:SRGXF | FRA:G6D2 Copper Discovery & Development in British Columbia March0 2022
Slide 2: Disclaimer
Disclaimer This presentation (“Presentation”) is being issued by Surge Copper Corp. (the “Company” or “Surge Copper”) for information purposes only. Cautionary Statements Concerning Forward-Looking Statements This Presentation contains "forward-looking information" within the meaning of applicable C
Slide 3: Investment Highlights
Investment Highlights E NTREPRENEURIAL TEAM ADVANCING SIGNIFICANT C U -A U -M O -A G RESOURCE BASE IN C ENTRAL BC Top Significant Discovery Year-Round Experienced Jurisdiction Resource Base Potential Drilling Team • Located in established • Ootsa: 224 Mt grading • Target-rich • High-productivity, •
Slide 4: Our Assets
Our Assets S URGE CONTROLS A DOMINANT LAND POSITION IN THE H UCKLEBERRY DISTRICT Key Competitive Advantages Berg Option to earn 70% ✓Large resource base ✓Located near infrastructure 610Mt @ 0.41% CuEq, containing: ✓Multiple development options • 3.7 Billion lbs Cu 34,798 ha ✓Large and prospective la
Slide 5: Ootsa Project
Ootsa Project T HREE PORPHYRY COPPER DEPOSITS | T OTAL M&I R ESOURCES OF 224M T @ 0.44% C U E Q 1 Favourable Location – Central B.C. Interior • The deposits at Ootsa are favourably located adjacent to Imperial Metals’ Huckleberry Mine & Mill complex • The project area has gentle rolling topography,
Slide 6: Seel Porphyry & Breccia Zone Drilling Completed
Seel Porphyry & Breccia Zone Drilling Completed G EOLOGICAL MODELLING AND RESOURCE ESTIMATION UNDERWAY | A SSAYS PENDING ON REMAINING SUMMER DRILLING Highlights • Since November 2020, Surge has completed over 46,000 metres of diamond drilling on the Ootsa Property, including: − Approximately 30,000
Slide 7: Seel Breccia
Seel Breccia N EAR - SURFACE HIGH - GRADE ZONE BEING EVALUATED AS A POTENTIAL STARTER PIT Highlights • Drilling in 2021 has outlined a near-vertical breccia body ranging from 25 to 50 metres in width, exceeding 100 metres in depth, and over 300 metres in strike length, which remains open to the east
Slide 8: Berg Project
Berg Project M&I R ESOURCES OF 610M T @ 0.41% C U E Q 1 | L ARGE LAND PACKAGE CONTIGUOUS WITH O OTSA High Potential Exploration in Close Proximity to Ootsa Project Looking East Huckleberry Mine & Mill Complex Ootsa Deposits - 20ktpd Mill Capacity Combined M&I: 224.2 Mt @ 0.44% CuEq - On Care & Maint
Slide 9: Berg – Deposit with High-Grade Potential
Berg – Deposit with High-Grade Potential A UNIQUE BC PORPHYRY DEPOSIT | N EAR - SURFACE , HIGH - GRADE ZONES Highlights • Near-surface & high-grade zones: potentially amenable to low strip, early sequence mining • Notable compared to other BC porphyries due to the significant supergene enrichment zo
Slide 10: Berg Drilling
Berg Drilling R E - ESTABLISHED ROAD ACCESS | C OMPLETED 2,855 METRES IN NINE HOLES IN FIRST SEASON | A SSAYS PENDING Objectives • Expand high-grade zones within existing deposit model • Advance understanding on structural controls • Modernize drill hole database − Reduce overall reliance on histori
Slide 11: District Scale Exploration Opportunity
District Scale Exploration Opportunity L ARGE PIPELINE OF TARGETS IN ONE OF BC’ S MOST PROSPECTIVE COPPER DISTRICTS • Over a dozen defined target areas being systematically advanced • Select targets are in active drilling, rest being advanced/permitted/prepared for drilling in coming season • Pendin
Slide 12: Bergette Target
Bergette Target A DVANCED EXPLORATION TARGET | R ECENTLY CONSOLIDATED BY S URGE Overview Compilation Magnetics & Cu in soils • Large copper-in-soil anomaly and magnetic ‘donut’ • Historical shallow drilling identified mineralization in a 6km2 gossan • Straight-forward to access with completion of on
Slide 13: Catalyst Outlook
Catalyst Outlook E XTENSIVE DRILL PROGRAMS | G ENERATIVE PIPELINE | P ROJECT DERISKING ✓9 holes from Berg pending assay ✓Inversion and targeting results from regional airborne geophysics ✓Commencement of 2022 regional exploration program to test and advance new targets ✓Resource update at Seel incor
Slide 14: Capitalization
Capitalization A LL EQUITY CAP STRUCTURE | S TRONG FINANCIAL POSITION Equity Capitalization Key Announcements over Last Twelve Months $0.60 6.0 West Seel 585m West Seel 830m @ Basic Shares Outstanding 166.8M @ 0.57% CuEq 0.38% CuEq Seel West Seel 495m Breccia $14.0M @ 0.54% CuEq 80m @ Market Cap $46
Slide 15: Management & Board
Management & Board H IGHLY EXPERIENCED TEAM | T RACK RECORD OF SUCCESS IN DISCOVERY , CAPITAL RAISING , AND M&A Management Team Board of Directors Leif Nilsson | Chief Executive Officer & Director Christian Kargl-Simard | Non-Exec Board Chair Mining industry professional and former investment banker
Slide 16: Recent Activity
Recent Activity A CTIVE DRILLING AT W EST S EEL & B ERG | R AMPING UP FOR REGIONAL PROGRAMS ZTEM airborne survey Berg road improvements Ootsa drilling Berg drilling 15
Slide 17: Contact Info
www.surgecopper.com TSXV:SURG LinkedIn: Surge Copper Corp +1 604 718 5454 info@surgecopper.com OTCQX:SRGXF Frankfurt: G6D2 Twitter: @SurgeCopper Contact Info 16
Slide 18: What is the opportunity in copper?
What is the opportunity in copper? B IG M ARKET + S TRONG F UNDAMENTALS = A TTRACTIVE TO M AJORS Copper is the quintessential electric metal • Demand growth exposure to three “megatrends”: 1 Urbanization and infrastructure investment 2 Growth in renewable energy generation 3 Growth in electric vehic
Slide 19: Why BC?
Why BC? T OP MINING JURISDICTION WITH THE RIGHT INGREDIENTS FOR AN ESG FOCUSED FUTURE • British Columbia is a top mining jurisdiction that is well positioned for an ESG focused future ✓Stable jurisdiction and fiscal regime ✓Clear and thorough environmental permitting process ✓World class infrastruct
Slide 20: Significant Grade Advantage
Significant Grade Advantage O OTSA & B ERG GRADES COMPARE WELL TO OPEN - PIT OPERATIONS IN BC Copper Gold Moly Silver Reserve Grade Contribution M&I Resource Grade Contribution M&I Cont. Operating Copper Mines in BC Ootsa Project Berg 0.70% Grade Contribution (% CuEq1) 0.59% 0.59% 0.60% 0.55% 0.53%
Slide 21: First Nation Involvement
First Nation Involvement S URGE ’ S EXPLORATION PROGRAMS AND WORK FORCE HAVE BENEFITED IMMENSELY FROM F IRST N ATION SUPPORT & PARTICIPATION Our Approach Cheslatta Carrier Nation members have been regularly employed at the Ootsa Project, providing exploration • Open communication and engagement rega
Slide 22: ESG a Driver of Long-Term Value Creation
ESG a Driver of Long-Term Value Creation I NCREASED FOCUS ON ESG RESPONSIBILITIES , OPPORTUNITIES , AND BEST PRACTICES Environmental Social Governance • Focused on project design • Field operations governed by up-to- • Oversight responsibility from opportunities to minimize carbon date policies incl
Slide 23: Berg Option Agreement
Berg Option Agreement S UMMARY OF KEY TERMS • Definitive Option Agreement with Thompson Creek Metals Company Inc., a subsidiary of Centerra Gold Inc. Option Agreement • Option to acquire a 70% interest in the Berg property • Five year option period • Initial grant to Centerra of $4 million in Surge
Slide 24: Ootsa Mineral Resources (2016)
Ootsa Mineral Resources (2016)1 P IT - CONSTRAINED USING $8.50/ T NSR CUT - OFF Grade Gross Contained Metal Tonnage Copper Gold Moly Silver CuEq Copper Gold Moly Silver CuEq (Mlbs (Mt) (% Cu) (g/t Au) (% Mo) (g/t Ag) (% CuEq) (Mlbs Cu) (Moz Au) (Mlbs Mo) (Moz Ag) CuEq) Ox Deposit Measured 30.5 0.26%
Slide 25: Berg Mineral Resources (2021)
Berg Mineral Resources (2021)1 P IT - CONSTRAINED USING 0.20% C U E Q CUT - OFF Grade Gross Contained Metal Tonnage Copper Moly Silver CuEq Copper Moly Silver CuEq (Mt) (% Cu) (% Mo) (g/t Ag) (% CuEq) (Mlbs Cu) (Mlbs Mo) (Moz Ag) (Mlbs CuEq) Supergene Measured 86.9 0.41% 0.027% 2.5 0.53% 789.2 51.7
Slide 26: End Notes
End Notes ✦ Except where specified, all occurrences of copper equivalent (“CuEq”) are calculated on a gross in-situ basis, with no adjustments made for recovery, using the following pricing assumptions for copper equivalency: $3.00/lb Cu, $1,700/oz Au, $10/lb Mo, $22/oz Ag. ✧ Mineral resources are n