Slide 1: Advancing Ontario's Largest Copper Resource: Thierry Mine
ADVANCING ONTARIO’S LARGEST COPPER RESOURCE: THIERRY MINE Q2 2024 Cuprum.ca Cuprum.ca Part of the 1
Slide 2: Thierry Copper-Nickel Mine in Ontario
THIERRY COPPER-NICKEL MINE IN ONTARIO Thierry is 100% owned by Cuprum, a private company with plans to go Public in 2024 Largest Primary Copper Resource in Ontario • 1.8 billion pounds Copper • 340 million pounds Nickel Large high-grade resource with infrastructure in place High grade resource with
Slide 3: +2.6 Billion Pounds of Copper Equivalent, in the Heart of Ontario
+2.6 BILLION POUNDS OF COPPER EQUIVALENT, IN THE HEART OF ONTARIO Thierry is the 2nd largest copper project in Eastern With a focused exploration program, Thierry’s ranking Canada. can increase compared to major producers. 25,000 20,000 Contained Metal (Mlbs) 15,000 10,000 5,000 - Cuprum.ca Part of
Slide 4: Largest Copper Resource in Ontario
LARGEST COPPER RESOURCE IN ONTARIO Au Pt Pd Ag Classification Tonnes Cu (%) Ni (%) (g/t) (g/t) (g/t) (g/t) Global Resource Thierry + K1-1 + J&G 132,351,000 0.62 0.12 Thierry Underground Resource (2021) Measured 3,233,000 1.65 0.19 0.03 0.03 0.09 4.6 Indicated 5,582,000 1.66 0.19 0.05 0.05 0.14 3.8 M
Slide 5: Drill Program
DRILL PROGRAM 2023 Drill Program on K1-1: 7 holes, 2,600 metres, with 5 holes reaming to be assayed. Results from assayed holes (near surface): • 106m @ 0.539% CuEq (CCM-23-51) • 31.2m @ 0.677% CuEq (CCM-23-52) Cuprum will complete a systematic drill program to quickly test the limits of the K1-1 zo
Slide 6: Thierry Is Located in Pickle Lake, Ontario
THIERRY IS LOCATED IN PICKLE LAKE, ONTARIO N Thierry Project Ontari o Ontario CANADA BIF / Gold K1-1 Thierry Zone Pickle Crow Resource: J Zone 2.7 Moz Central 250km 7.2 g/t Au G Zone Patricia Red Lake Pickle Lake Cuprum Corp. Pickle Lake Airport Other companies Past producing mine Dona Lake Explorat
Slide 7: Thierry Is on a Prolific Greenstone Belt
THIERRY IS ON A PROLIFIC GREENSTONE BELT Cuprum.ca Part of the 7
Slide 8: K1-1 Zone: Near Surface and Wide Open
K1-1 ZONE: NEAR SURFACE AND WIDE OPEN K1-1 Near Surface Resource: Property Outline • 450 million pounds copper • 118 million pounds nickel K1-1 Deposit 2023 Drill Holes 2 of 7 holes from Summer 2023 showing high- Open grade near surface mineralization: mineralization • 106m @ 0.539% CuEq (CCM-23-51)
Slide 9: Infrastructure on Site
INFRASTRUCTURE ON SITE Easily accessible via well maintained road throughout the year. Fuel Tank Core Core Farm Grid power, Water, Communication Logging Facility Garage Pickle Lake is a regional hub with airport, access to rail. Thierry Site Infrastructure Strong mining culture with longstanding his
Slide 10: Thierry Is Under Explored with Well Defined Upside
THIERRY IS UNDER EXPLORED WITH WELL DEFINED UPSIDE Numerous untested and near surface targets. Thierry has been stuck in dormant companies with no budget or focus. Cuprum will expand the current resources via focused exploration. Cuprum.ca Part of the 10
Slide 11: Expanding the Resources
EXPANDING THE RESOURCES Build scale. Existing resources open at strike and depth. Focus on near surface mineralization: • Mineralized trend between Thierry and K1-1 • G & J Zones • Gold showings including iron-formation hosted On a prolific greenstone belt extending from Red Lake. Cuprum.ca Part of
Slide 12: Nickel Upside
NICKEL UPSIDE Thierry hosts +340 Mlbs of Nickel. Optimize nickel recoveries under modern technology and metallurgical improvements. Nickel concentrate can be sent to Sudbury easily. High-grade sample from Thierry Mine showing 14% Cu, 1.5% Ni, 994ppm Co Cuprum.ca Part of the 12
Slide 13: Horne Smelter: Easily Accessible
HORNE SMELTER: EASILY ACCESSIBLE Concentrate from historical Thierry production sent to Noranda. Accessible via rail. Only copper smelter in Canada. 100%-custom smelter. Currently operating and continues to look for feed. Horne Smelter, Rouyn-Noranda Cuprum.ca Part of the 13
Slide 14: Case Study: Exploring an Old Mine Using the Same Principle at Thierry
CASE STUDY: EXPLORING AN OLD MINE USING THE SAME PRINCIPLE AT THIERRY CANADIAN MALARTIC GOLD MINE (OSISKO) Produced 8.7 million Au oz between 1935-1979 2004 - Acquired by Osisko DETOUR LAKE GOLD MINE Produced 1.76 million Au oz between 1935-1999 2011 - Osisko defined 10.7M Au oz 2002 - Acquired by P
Slide 15: Why Copper? Why Now?
WHY COPPER? WHY NOW? Copper Price ($/lb): 2020 - Present The world needs safe new sources of copper to meet $5.50 green goals. Anything that connects Point A to B requires copper. $5.00 $4.50 Supply gap – not enough mines and new discoveries to feed demand. $4.00 $3.50 US central bank signaling no m
Slide 16: Copper Geopolitics – Why Canada?
COPPER GEOPOLITICS – WHY CANADA? Panama, Chile, DRC, Peru, Argentina - resource nationalization, increased taxes and worker strikes. >80% of world’s copper production at risk due to geopolitics. Canada is the safest jurisdiction to build a copper mine. At the doorstep of the world’s largest market.
Slide 17: Ontario + Critical Metals
ONTARIO + CRITICAL METALS Well established laws, mining codes, customs and culture. Ontario Critical Minerals Strategy: incentives for exploration companies developing critical mineral projects: • OJEP Funding, Critical Minerals Innovation Fund • Ontario Focused Flow-Through Shares Tax Credit • Mine
Slide 18: Case Study: Same Team Behind QC Copper & Gold
CASE STUDY: SAME TEAM BEHIND QC COPPER & GOLD 2019: Acquired Historical Opemiska Copper-Gold Mine 2020: Compile and digitize historical data, exploration drilling. 2021: Maiden Resource showing 2 billion pounds high- grade, open pit CuEq 2021 – 2023: Expansion Drilling, Optimize Resource Model Janua
Slide 19: Next Steps for Cuprum
NEXT STEPS FOR CUPRUM Large systematic drill program to deliver growth. Data compilation and digitization. Build relationships with stakeholders—local communities, Province, strategics. Go-public in the first half of 2024. Drilling at Thierry Cuprum.ca Part of the 19
Slide 20: Corporate Overview
CORPORATE OVERVIEW KEY METRICS TSX Venture Listing Anticipated 2024 Shares Outstanding ~77.7M Cash ~$1.0 Options ~6.8 Orecap Invest Corp (~38%) Canadian Critical Metals (~30%) Major Shareholders QC Copper & Gold (~8%) Ocean Partners (~5%) Other Insiders & Associates (~9%) Cuprum.ca Part of the 20
Slide 21: Cuprum Corp: Part of Ore Group
Cuprum Corp: Part of Ore Group consists of in-house technical and financial expertise & is focused on premier jurisdictions & on metals with strong, long-term fundamentals and key partnerships. PARTNERSHIPS AMERICAN EAGLE BASELODE ENERGY METAL ENERGY MISTANGO RIVER GOLD QC COPPER & GOLD ORECAP CUPRU
Slide 22: Contact
sstewart@oregroup.ca (416) 644-1567 www.cuprum.ca Cuprum.ca Part of the Background: Historical Thierry Mine (1977-1987) 22
Slide 23: Forward Looking Statements
FORWARD LOOKING STATEMENTS WE ARE IN THE MINERAL EXPLORATION AND DEVELOPMENT BUSINESS. IT IS INHERENTLY CAUTIONARY STATEMENT REGARDING HISTORICAL RESOURCES RISKY, AND ALL INVESTORS SHOULD BE KEENLY AWARE OF THIS The reader is cautioned that Cuprum Corp.. has not undertaken any independent This prese