Osisko Metals Incorporated · TSX:OM
Osisko Metals — Investor Presentation (November 2022)
24 slides from Osisko Metals's investor presentation, November 2022
Slide 1: Canada's Leading Base Metal Developer
Gaspé Copper Site Canada’s Leading Base Metal Developer TSXV: OM TSXV: OTCQX: OM OMZNF FRANKFURT: 0B51
Slide 2: Forward-Looking Statements & Cautionary Notes Regarding Technical Information
Forward-Looking Statements & Cautionary Notes Regarding TechnicalInformation This presentation (the "Presentation") contains ""forward-looking information" within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this Present
Slide 3: OM Project Locations
OM Project Locations Osisko Metals Projects Head Office 3
Slide 4: Gaspé Copper - Largest Undeveloped Copper Resource in Eastern North America
Gaspé Copper - Largest Undeveloped Copper Resource in Eastern North America • Unique Location in Eastern North America • Located near the community of Murdochville • Quebec is a mining-friendly jurisdiction with a rich history of copper production • Mines Gaspé produced from 1950’s to 2002; over 100
Slide 5: Location and Support Infrastructure
Location and Support Infrastructure • Highway access from Gaspé Copper to deep- • Green hydroelectric available on site sea ports and airport • 60Mw of green wind power generation 5 • Neighboring community of Murdochville surrounding the mine site
Slide 6: Long History of Production – 45 years
Long History of Production – 45 years 142 Mt @ 0.9% Cu 6
Slide 7: Gaspé Copper Today
Gaspé Copper Today Porphyry Mtn. Porphyry Former Mtn. Smelter Mt. Former Mt Copper Location Copper Smelter Murdochville Location Needle Mtn. Needle Mtn. 7
Slide 8: Gaspe Copper Plan View
Gaspe Copper Plan View metres Marble _ A Marble Line _ Cross Section 28000E Unaltered Limestone ~~ Former , Installations
Slide 9: Gaspe Copper Cross Section (Looking East)
Gaspe Copper Cross Section (Looking East) PRODUCTION NEEDLE MTN* A Zone: 14 Mt @ 0.70% Cu COPPER MTN PRODUCTION * Oxidized Stockpiled Material* B Zone: 14.0 Mt @ 1.20% Cu 72 Mt @ 0.37% Cu, 0.02% Mo 31.4 Mt @ 0.35%CuOx C Zone: 33.0 Mt @ 1.60% Cu, E Zone: 9.0 Mt @ 2.80% Cu, 70 Mt @ 1.50% Cu 1000m S N
Slide 10: Over 3.1 Billion Pounds of Contained Copper
Over 3.1 Billion Pounds of Contained Copper Sulfide Grade Copper Copper Tonnage Copper Tonnage Classification Cut-Off (Mt) Total (%) Sulfide (%) Pounds Tonnes (%) Inferred 0.12 533 0.326 0.285 3,353,000,000 1,521,000 0.14 498 0.337 0.296 3,253,000,000 1,475,000 0.16 456 0.351 0.310 3,113,000,000 1,4
Slide 11: 2022 Inferred Mineral Resource Estimate Room To Grow
2022 Inferred Mineral Resource Estimate Room To Grow High Grade Core of Deposit Target for Resource Expansion Looking SW – Ordinary Kriging
Slide 12: Porphyry Mountain Deep Resource - Open
Porphyry Mountain Deep Resource - Open Vertical Length From- To (m) Cu % Mo % Drill Hole (m) 30-891 1144.8--1737.4 592.6 0.71 0.036 30-899 1120.7--1834.9 714.2 0.61 0.034 30-900 1269.0--1728.8 459.8 0.66 0.026 30-901 1207.0--1534.7 327.7 0.90 0.053 30-903 1264.0--1581.6 317.6 0.89 0.047 30-907 1488.
Slide 13: Gaspe Copper Option Overview
Gaspe Copper Option Overview Option Terms Price to Pay upon US$25,000,000 through issuance of a convertible note. Exercise of Option The note will be convertible by Glencore into units of Osisko Metals at a price of $0.40 per unit. Each unit will consist of one share and a half- Convertible Note war
Slide 14: Pine Point
Pine Point Osisko Metals Projects Head Office 14
Slide 15: Pine Point: Positive 2020 PEA Outlined…
Pine Point: Positive 2020 PEA Outlined… Potential for a Global Top Ten Zinc Producer • Near Surface Indicated Mineral Resource Estimate:15.8 Mt @ 4.2% Zn & 1.5% Pb plus Inferred Resource of 47.2Mt Grading 4.4% Zn and 1.7% Pb • NPV of C$602M and IRR of 25% (After-Tax) • Potential to Be Top-10 Global
Slide 16: Support Infrastructure Already in Place
Support Infrastructure Already in Place • CN Rail Head, Highway and Flights • Paved Highway from Hay River to Site. from Edmonton to Hay River • Low-Cost Hydro-Electric Power Available • Property within 60 km of Hay River 16 On Site From Taltson Dam.
Slide 17: Access to International Concentrate Markets Via Rail
Access to International Concentrate Markets Via Rail 17
Slide 18: Pine Point Could Produce one of the Cleanest Concentrates Globally
Pine Point Could Produce one of the Cleanest Concentrates Globally 18.00% 6,000 P: Above Penalty Level P: Above Penalty Level Minor Element Penalties (ppm) 16.00% Major Element Penalties 5,000 P 14.00% P Mn SiO2 P Hg 12.00% Fe 4,000 P P 10.00% Cd Pb 3,000 As 8.00% P Cu 6.00% 2,000 P P 4.00% P 1,000
Slide 19: Pine Point: Leading North American Zinc Development Project
Pine Point: Leading North American Zinc Development Project Pine Point Premium High-grade Concentrate 19
Slide 20: Pine Point Agreements Provide Community Support
Pine Point Agreements Provide Community Support • 2019: Announced two separate Collaboration Agreements with local indigenous communities: • Deninu K’ue First Nation • Northwest Territory Metis Nation • 2017: Exploration Agreement signed with K’atl’odeeche First Nation • Collaboration Agreements pro
Slide 21: Canada's Leading Base Metal Developer
Canada’s Leading Base Metal Developer 8 Billion pounds Zn-Pb Resource* 3 Billion Pounds Cu Resource* Osisko Metals Projects Head Office * Inferred resources 21
Slide 22: Takeaways
Takeaways After seeing an all-time high in spot prices for zinc earlier this year, it is not unrealistic to consider more bullish scenarios, especially when considering record-low inventory levels and the continued lack of investment in the mining industry. At US$ US$1.50/lb zinc, $1.00/lb lead and
Slide 23: Takeaways
Takeaways • Shift toward a green, sustainable economy coupled with post-COVID infrastructure stimulus will dramatically increase global base metal demand. • Base metal production deficit looming, especially for zinc, as only a handful of serious development projects are in the global pipeline. • “Al
Slide 24: Contacts
Contacts 1100, av. des Canadiens-de-Montréal Investors and General Inquiries: Suite 300 info@osiskometals.com Montreal, Qc, H3B 2S2 Tel: 514-940-0670 Fax: 514-861-1333 24
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