Highland Copper Co., Inc. · TSXV:HI
Highland Copper — Investor Presentation (March 2015)
28 slides from Highland Copper's investor presentation, March 2015
Slide 1: Developing copper deposits in the Upper Peninsula, Michigan, USA
TSX.V: HI www.highlandcopper.com Developing copper deposits in the Upper Peninsula, Michigan, USA March 2015
Slide 2: Disclaimer
TSX.V: HI www.highlandcopper.com DISCLAIMER The data contained herein is provided for information purposes only. No information in this presentation is to be construed as an offer to buy or sell securities. Certain statements made in this presentation constitute ‘forward looking statements’ or ‘forw
Slide 3: Corporate Strategy
TSX.V: HI www.highlandcopper.com Corporate Strategy In the process of consolidating four copper projects in the Upper Peninsula, Michigan Chalcocite belt G-2 • Copperwood deposit acquired from Orvana • Acquisition of White Pine North deposit from First Quantum by year end • Option to acquire from
Slide 4: Project Location on Geology Map of the Upper Peninsula
TSX.V: HI www.highlandcopper.com Project Location on Geology Map of the Upper Peninsula 4
Slide 5: Project Timeline and Milestones
TSX.V: HI www.highlandcopper.com Project Timeline and Milestones ( ) * * Subject to financing and several other factors (see disclaimer) 5
Slide 6: Pre-feasibility Study
TSX.V: HI www.highlandcopper.com Pre-feasibility Study Study management: Chalcocite Louis-Pierre belt M.Sc.A., CFA, study Gignac, Eng., G-2 manager White Pine North • New study (independent 543S and integrated with Copperwood) Copperwood Review 2012 Feasibility Study (independent and integrated
Slide 7: Pre-feasibility Study
TSX.V: HI www.highlandcopper.com Pre-feasibility Study Resource estimates (White Pine North, Copperwood and 543S deposits) G-2 Engineering studies and discipline contractors: • Mining: G Mining and Itasca • Metallurgy: COREM • Tailings disposal: Golder543S Associates • Water management: Golder Assoc
Slide 8: TSX.V: HI www.highlandcopper.com
TSX.V: HI www.highlandcopper.com
Slide 9: White Pine North
TSX.V: HI www.highlandcopper.com White Pine North • Produced 4.5Bn lbs of copper at Historical Estimate 1.14% Cu between 1952 and 1995 Tons % Cu Contained Metal • Ceased production due to White Pine 118.7 M 1.04% 2.47Bn lbs depressed copper prices WP North 85.6M 1.02% 1.75Bn lbs • Good infrastructur
Slide 10: Official Reserves map (1995)
TSX.V: HI www.highlandcopper.com Official Reserves map (1995) 10
Slide 11: Historical drilling results from Copper Range Company
TSX.V: HI www.highlandcopper.com 12 km Drilling results from Copper Range Company drilling campaign in the 1990s. Highland has not yet been able to verify the quality and accuracy of the data supporting these historical drill results and Highland cautions readers not to rely upon these results. The
Slide 12: Drill rig on White Pine tailings pond
TSX.V: HI www.highlandcopper.com 2 kilometers Chalcocite belt G-2 1 mile 543S Calumet Drill rig on White Pine tailings pond 12 12
Slide 13: Copperwood
TSX.V: HI www.highlandcopper.com Copperwood • Copperwood completed feasibility Historical Estimate study in Feb. 2012 for production of Tonnes % Cu Contained Metal 56 M lbs/year of copper concentrate COPPERWOOD at by-product cash costs of Proven 21.0M 1.46% 0.68Bn lbs US$1.26/lb over 13-year mine li
Slide 14: From Borhorst & Williams, 2012
TSX.V: HI www.highlandcopper.com From Borhorst & Williams, 2012 14
Slide 15: Keweenaw Project - 543S Deposit
TSX.V: HI www.highlandcopper.com Keweenaw Project - 543S Deposit * 543S Deposit -- Underground Scenario Cut-off Resource Grade Tonnage Grade Grade Copper Grade Silver Category Cu Eq. ('000 t) Cu Eq. (%) Cu (%) ('000 lbs) Ag (g/t) ('000 oz) ( %) Indicated 1.9 1,518 3.31 3.27 109,514 5.1 248 Inferred
Slide 16: PFS - Mining: White Pine North mining configurations
TSX.V: HI www.highlandcopper.com PFS - Mining White Pine North mining configurations 16
Slide 17: White Pine Mine - Stable roof and pillars
TSX.V: HI www.highlandcopper.com White Pine Mine - Stable roof and pillars 17
Slide 18: PFS - Metallurgy
TSX.V: HI www.highlandcopper.com PFS - Metallurgy • Only chalcocite ore with minor native Cu and Ag • COREM met testing under supervision of G Mining • Testing includes: – Comminution on four different composites – Rougher for process development & reagent evaluation – Complete flotation scheme – Gr
Slide 19: PFS – Tailings disposal
TSX.V: HI www.highlandcopper.com PFS – Tailings disposal North no. 1 pond berm G-2 543S Calumet 19 19
Slide 20: PFS - Water management
TSX.V: HI www.highlandcopper.com PFS - Water management Study: Golder Associates G-2 WPN - Raw fresh water supply: Ontonagon village’s 42” fully permitted pipeline with 26 M gallons/day from Lake Superior • Project need less than 1 M 543S g/d CW – Raw fresh water supply: Pipeline from Wakefield vill
Slide 21: Integrated development concept and ore transport
TSX.V: HI www.highlandcopper.com White Pine Copperwood White Pine North UG UG mine TSF mine Convey ore to surface Transport ore to Concentrator White Pine Plant at White Pine Rail concentrate 543S UG mine North American smelters 21
Slide 22: Why Michigan?
TSX.V: HI www.highlandcopper.com Why Michigan? Favorable geological endowment Government support of mining investments Chalcocite belt G-2 • Fast track and autonomous permitting • Severance tax • “Right to work” Community support 543S Excellent local infrastructure • Electrical power Class A
Slide 23: Permitting a Nonferrous Mine in Michigan
TSX.V: HI www.highlandcopper.com Permitting a Nonferrous Mine in Michigan: Major statutes of Michigan’s Natural Resource and Environmental Protection Act Office of Oil, Gas and Minerals Water Resource Division Air Quality Division Part 632: Nonferrous Part 303 Wetland Part 31: Water Part 315: Dam Pa
Slide 24: Environmental baseline studies underway
TSX.V: HI www.highlandcopper.com Environmental baseline studies underway 24
Slide 25: Project SWOT
TSX.V: HI www.highlandcopper.com Project SWOT Strengths Opportunities 1) Simple, well known geology with 40yrs of 1) Mine plan optimization historical mining 2) Power source optimization 2) Very large resource 3) Economies of scale with combined 3) Simple mining & processing operation 4) Existing in
Slide 26: Board and Management
TSX.V: HI www.highlandcopper.com Board and Management David Fennell, LLB, Executive Chairman has over 30 years in the mining industry. In 1983, he founded Golden Star Resources Ltd. During his term as president and CEO, Golden Star became a TSE 300 company and one of the largest and most successful
Slide 27: Capitalization Summary
TSX.V: HI www.highlandcopper.com Capitalization Summary Share Price (C$/share, Jan. 31) $0.30 Shares Outstanding 97.0 M Options (Avg. Strike C$0.57) 5.8 M Warrants (Strike C$0.75 exp. Mar. 2015) 41.3 M Market Cap (C$) $29.1 M 27
Slide 28: Contact Information
TSX.V: HI www.highlandcopper.com Contact Information www.highlandcopper.com James Crombie, Director and Interim President, and CEO E: info@highlandcopper.com Administrative Offices Highland Copper Company Inc. 1111 St. Charles Street W., West Tower - Suite 101 Longueuil, Québec J4K 5G4 T: 450-677-24
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