Faraday Copper Corp · TSX:FDY
Faraday Copper — Investor Presentation (January 2024)
35 slides from Faraday Copper's investor presentation, Jan 17, 2024
Slide 1: Developing U.S. Copper Resources
Developing U.S. Copper Resources CORPORATE PRESENTATION January 2024
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT Some of the statements in this presentation, other than statements of historical fact, are “forward-looking statements” and are based on the opinions and estimates of management as of the date such statements are made and are necessarily based on estimates and assumptions that a
Slide 3: Faraday Copper: Highlights
FARADAY COPPER: HIGHLIGHTS Building a Premier North American Copper Company ASSET UPSIDE CATALYSTS ▪ Copper Creek in Arizona is a large ▪ Growing the resource though ▪ Phase III drill program undeveloped project with over 4.2 definition of high-grade zones and results (H1 2024) Blbs of copper M&I Mi
Slide 4: Faraday Copper: Compelling Investment
FARADAY COPPER: COMPELLING INVESTMENT Low Capital Intensity, Long Life U.S. Copper Project Owned by a Developer Initial Capital Intensity vs Mine Life (a, b) Enterprise Value / M&I Mineral Resources (b) 60¢ 39.5¢17.6¢14.2¢10.3¢ 10.0¢ Copperwood Carmacks 50¢ Copper (US¢/lb CuEq Mine Plan Inventory) F
Slide 5: Corporate Overview
CORPORATE OVERVIEW TSX-listed Under the Symbol “FDY” Ownership Analyst Coverage 41.0% 33.4% Strategic Shareholders: 33.4% Dalton Baretto Institutions: 22.8% Insiders: 2.8% Connor Mackay Other / Retail: 41.0% 2.8% 22.8% Arun Lamba Top Strategic Shareholders Financial Overview Lundin Family | Murray E
Slide 6: Copper Creek: Top Mining Jurisdiction
COPPER CREEK: TOP MINING JURISDICTION Arizona Ranked Seventh for Investment Attractiveness (Fraser Institute, 2022) Pinto Valley Arizona, USA ARIZONA Globe-Miami ▪ 100% owned property in Pinal County, Resolution Arizona Ray Morenci Florence ▪ Near mining and service hubs with Cactus Copper Creek Saf
Slide 7: Copper Creek: Large Land Package
COPPER CREEK: LARGE LAND PACKAGE ▪ ~65 km2 Property offers strategic benefits ▪ Mineral claims include patented claims, unpatented claims and state prospecting permits ▪ Optionality for infrastructure placement ▪ Solar power generation potential ▪ Ranch includes ~26,000 acres of surface rights throu
Slide 8: Mineral Resource (2023)
MINERAL RESOURCE (2023) MRE is Supported by >200,000 m of Drilling, 83% of Resource is M&I Tonnes Cu Mo Ag CuEq2 Cu Mo Ag CuEq2 Category (Mt) (%) (%) (g/t) (%) (Mlbs) (Mlbs) (Moz) (Mlbs) Open Pit NI 43-101 MRE M&I 127.1 0.40 0.008 0.9 0.43 1,123.4 22.6 3.8 1,191.6 Inferred 48.1 0.28 0.006 0.5 0.30 2
Slide 9: Significant Resource with Upside
SIGNIFICANT RESOURCE WITH UPSIDE Open Pit and Underground Mineral Resource Open Pit Grade Distribution A A Copper Prince Childs Aldwinkle A’ 1,300RL Globe Mammoth N Copper 1,200RL Prince Marsha OPEN PIT 1,100RL Old Childs Reliable Alwinkle 1,000RL Mammoth 100 metres 900RL A’ Bald 500 metres Undergro
Slide 10: PEA Highlights
PEA HIGHLIGHTS Integrated Plan Provides Optionality and Scalability ISOMETRIC VIEW Open Pit Post-tax NPV(7%) $713 million LOOKING NORTHEAST 154 Mt at 0.39% CuEq 1 Post-tax IRR 15.6% High-grade = 28 Mt at 0.98% CuEq Globe / Marsha Medium-grade = 45 Mt at 0.33% CuEq Post-tax Payback Period 4.1 years G
Slide 11: Resource Potential: Phase II Results (Post-PEA)
RESOURCE POTENTIAL: PHASE II RESULTS (POST-PEA) Drill Hole Assay Results Copper Grade (%) >2.00 1.00 0.70 High-grade High-grade 0.50 intercept intercept 0.31 below below 0.25 Copper Copper 0.13 Prince Giant 0.05 0.00 Block Model Copper Grade (%) >2.00 1.00 0.70 0.50 0.31 0.25 0.13 Potential for 0.00
Slide 12: Gold Program Highlights (Post-PEA)
GOLD PROGRAM HIGHLIGHTS (POST-PEA) Childs Aldwinkle Childs Aldwinkle Breccia Results: Breccia ▪ Weighted average grade: Mammoth Open Pit Shell 0.16 g/t gold and 1.52% copper CA-5R: 219.46 m at 0.31 g/t Au, ▪ 1:10 Au(g/t):Cu(%) ratio suggests 3.29% Cu strong correlation ▪ Re-assayed copper provides a
Slide 13: Resource Expansion Potential
RESOURCE EXPANSION POTENTIAL Significant Growth Opportunities Rum ~4,000 metres Globe Copper Childs Marsha Prince Aldwinkle Potential for Old expansion of pit Reliable Mammoth Bald mineralization, ISOMETRIC VIEW which remains LOOKING NORTHEAST open laterally and at depth American Eagle Potential for
Slide 14: Targeting New Discoveries
TARGETING NEW DISCOVERIES Significant Growth Opportunities in an Underexplored District Holy Joe Fault Mineral Reserves 8 Mineral Resource Targets 3 Mineral Advanced Targets Resource Area 7 Identified Targets 15 Generative Targets Western Fault 33 breccia and porphyry targets Area 51 across the prop
Slide 15: New Discovery: Phase III Results (Post-PEA)
NEW DISCOVERY: PHASE III RESULTS (POST-PEA) Starship Breccia NW (at Area 51) SE NW Starship SE Breccia 25.06 m at 0.78% Cu, 0.03 g/t Au, 1.49 g/t Ag from 50.24 m OPEN 72.01 m at 0.37% Cu, 0.02 g/t Au, 1.35 g/t Ag from 50.24 m Drill Hole Assay Results Copper Grade (%) OPEN >2.00 1.00 0.70 0.50 Americ
Slide 16: Environmental & Stakeholder Engagement
ENVIRONMENTAL & STAKEHOLDER ENGAGEMENT Building a Framework for Data Collection and Engagement ENVIRONMENT STAKEHOLDER ENGAGEMENT Baseline environmental monitoring Commitment to open dialogue and systems in place for data collection to support for the local economy and social support permitting proc
Slide 17: Opportunities and Next Steps
OPPORTUNITIES AND NEXT STEPS Phase II drill Gold by-product Asset Phase III drill District program potential scalability program exploration ▪ Recent results ▪ Targeting potential ▪ Potential for ▪ 20,000 m drill ▪ New airborne demonstrate gold inclusion in production rate program geophysical and po
Slide 18: Contact Information
Developing U.S. copper resources ▪ Scarcity of development-ready copper projects CONTACT INFORMATION Suite 250, 200 Burrard Street Vancouver, BC Canada www.faradaycopper.com ▪ Large undeveloped Mineral Resource STACEY PAVLOVA, CFA VP Investor Relations ▪ Significant exploration upside 778-730-1067 i
Slide 19: Appendix
“’| FARADAY COPPER APPENDIX —
Slide 20: Bringing a Senior Mining Company Expertise
BRINGING A SENIOR MINING COMPANY EXPERTISE Faraday has Drawn Senior Mining Company Talent Who Know Good Projects with Real Potential Management Board of Directors Graham Richardson Dr. Thomas Bissig Audra Walsh Robert Doyle Paul Harbidge Chief Financial Officer VP Exploration Russell Ball Prev. CEO,
Slide 21: Copper Creek: Mineral Resources (2023)
COPPER CREEK: MINERAL RESOURCES (2023) Grade Contained Metal Category Tonnes (Mt) Cu Mo Ag CuEq 2 Cu Mo Ag CuEq 2 (%) (%) (g/t) (%) (Mlbs) (Mlbs) (Moz) (Mlbs) Open Pit (OP) Measured 67.2 0.48 0.008 1.2 0.51 710.5 12.5 2.6 751.1 Indicated 59.9 0.31 0.008 0.6 0.33 412.9 10.1 1.1 440.5 M&I 127.1 0.40 0
Slide 22: Copper Creek: Notes to Mineral Resources
COPPER CREEK: NOTES TO MINERAL RESOURCES ▪ CuEq: Copper equivalent; g/t: Grams per tonne; Mlb: Million pounds; Moz: Million troy ounces; Mt: Million tonnes ▪ The mineral resources in this estimate were prepared in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Stand
Slide 23: PEA Highlights
PEA HIGHLIGHTS Life-of-Mine Average Annual Life-of-Mine Payable Measured and Indicated 51,100 tpa Payable CuEq 1 Production 3.4 Blb CuEq 1 Production 4.2 Blb Copper Mineral Resource a KEY FINANCIAL DATA ANTICIPATED PRODUCTION PROFILE Post-tax NPV(7%) $713 million Mine Life b 32 years Tonnes Milled c
Slide 24: PEA: Geotechnical Assessment
PEA: GEOTECHNICAL ASSESSMENT Data Collected for Open Pit and Underground Mine Design ▪ Geotechnical core logging ▪ Geomechanical data ▪ Fracture orientation ▪ Rock mass classification Pit slope stability assessment Underground caveability assessment ▪ Geologic structure domaining confirmed confirmed
Slide 25: Metallurgical Summary
METALLURGICAL SUMMARY High Metal Recoveries and Clean Concentrate Recovery (%) 2023 Test work was assimilated with the historical test work to Domain Cu Mo Ag form the basis of the process design criteria for the PEA Oxide 75.0% n/a n/a Transitional 74.7% 70.9% 66.9% ▪ High copper recovery from sulp
Slide 26: Mine Production Schedule
MINE PRODUCTION SCHEDULE Life-of-Mine Processed Material Total Processed Material by Material Type 18 16 Open Pit Sulphide Transitional 14 Underground Sulphide Oxide Quantity (million tonnes) 12 10 8 6 4 2 - 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 Years
Slide 27: Site Infrastructure
SITE INFRASTRUCTURE Configured for scalability In-pit Waste Explosive Rock Dump Facilities Materials handling synergies between Low-grade Stockpiles open pit and underground Overland External Conveyor Open Pits Waste Primary Rock Dump Process Crusher HLF (136 Mt) Plant (20 Mt) SXEW Underground Porta
Slide 28: Capital Expenditures
CAPITAL EXPENDITURES Low Initial Capital with a two-year construction period Initial Capital Expenditure Developed using EPCM project development approach with quotes, design driven quantity estimations and first principles Owners Costs and Contingency Process Infrastructure including Crushing and M
Slide 29: Operating Costs
OPERATING COSTS Average Life-of-Mine Production Cash Costs3 of $1.67/lb Copper Open Pit: Contractor-operated conventional truck and shovel Developed from first principles based on quantities generated from ▪ Open pit operating cost applied to mineralized material and waste mine design, production sc
Slide 30: Economic Sensitivity
ECONOMIC SENSITIVITY Well-positioned to Leverage the Copper Price $2,000 40% PEA $1,843 29.6% Post-Tax NPV ($ million) $1,500 $1,576 30% Post-Tax NPV (7%) $ M Post-Tax IRR 21.0% Post-Tax NPV (8%) $ M $1,000 20% 15.6% $1,144 $951 Post-Tax IRR % $713 $500 $566 10% $0 0% $3.80 $4.25 $5.00 Copper Price
Slide 31: Targeting New Discoveries
TARGETING NEW DISCOVERIES Empirical Data Informs Technical Decisions New Airborne Geophysical Survey (VTEM) New Airborne Spectral Survey N N 500 metres 500 metres New Structural Interpretation New Geophysical Processing (ZTEM) N N 500 metres 500 metres faradaycopper.com I page 31
Slide 32: Permitting Pathway
PERMITTING PATHWAY Plan of Operations and 404 Permit Plan of Operations ▪ Ground water National Environmental Update Plan of Operations and ▪ Surface water Environmental Impact bonding ▪ Air, Biological Policy Act Statement ▪ Tribal Record of Applications consultations After National Decision submit
Slide 33: Endnotes
ENDNOTES 1. Preliminary Economic Assessment (“PEA”) copper equivalent (“CuEq”) values are calculated using commodity type and price, considering the relevant recovery rate based on domain, applied using a regression formula as a function of grade. Recovery regression formulas are based on the outcom
Slide 34: Contact Copper: Exploration Upside
CONTACT COPPER: EXPLORATION UPSIDE ▪ 100% owned, 5,900+ acres of patented and unpatented mining claims in Nevada, US Contact Copper ▪ Excellent access to a major highway, power, water and local mining services Elko ▪ Open pit, heap-leach copper oxide opportunity NEVADA ▪ Deposit open in all directio
Slide 35: Contact Information
CONTACT INFORMATION STACEY PAVLOVA, CFA Suite 250, 200 Burrard Street VP Investor Relations Vancouver, BC Canada 778-730-1067 www.faradaycopper.com info@faradaycopper.com
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