C3 Metals Inc. · TSXV:CCCM
C3 Metals — Investor Presentation (December 2023)
60 slides from C3 Metals's investor presentation, December 2023
Slide 1: Poised for Discovery Corporate Presentation
Poised for Discovery Corporate Presentation TSX.V: CCCM December 2023 C3METALS.COM
Slide 2: Forward-Looking Statement
FORWARD-LOOKING STATEMENT • Forward-Looking Statement This presentation contains certain statements that may constitute forward-looking information under applicable securities laws. All statements, other than those of historical fact, which address activities, events, outcomes, results, developments
Slide 3: A Simple Value Proposition at ~C$60M Market Cap
A SIMPLE VALUE PROPOSITION AT ~C$60M MARKET CAP PERU JAMAICA Protected Downside Near-term Momentum Driver • Maiden resource justifies current valuation1: • Current drill program in Jamaica will • M&I Mineral Resources - 51.9 Mt at 0.50% Cu and provide steady news flow of assay 0.20 g/t Au for 569.1M
Slide 4: C3 Metals: Investment Opportunity
C3 METALS: Investment Opportunity Good Properties attract Good People and Good People attract Necessary Capital Good Properties Good People Necessary Capital Two Copper-Gold Right People In Place to Foundation in Place to District-Scale Property Unlock Value Unlock Value Positions Poised for Discove
Slide 5: C3 Metals' Board & Senior Management
C3 METALS’ BOARD & SENIOR MANAGEMENT Serial Resource Industry Value Creators DAN SYMONS TONY MANINI BSc (Hons), FAusIMM, FSEG President & CEO, Director Chairman • +15 years of mining industry experience in • +30 years in exploration, mine development, mine business development, corporate operations,
Slide 6: Proven Track Record of Discovery & Success
PROVEN TRACK RECORD OF DISCOVERY & SUCCESS At all Stages of Exploration and Mining A Combination of Capital Markets and Technical Expertise DAN SYMONS STEVE HUGHES Strategic, Visionary, Expert Entrepreneurial Porphyry Geologist Leader Driving Unlocking Value Growth & Success Through Discovery and De
Slide 7: Shareholder Breakdown & Analyst Coverage
SHAREHOLDER BREAKDOWN & ANALYST COVERAGE Over 35% Institutionally Held Analyst Coverage Beacon Securities 10% Michael Curran Paradigm Capital Lauren McConnell 54% 36% Recent Financing • C$7.0M private placement at C$0.07 INSIDERS INSTITUTIONAL HIGH NET WORTH /RETAIL • Upsized to C$8.05M due to Insti
Slide 8: Capital Structure
CAPITAL STRUCTURE CORPORATE INFORMATION Pre-consolidation1 13:1 Post-consolidation2 Shares Outstanding 804.5M Shares Outstanding 61.9M Warrants (avg $0.19) 6.0M Warrants (avg $2.47) 0.5M Options (avg $0.09) 38.9M Options (avg $1.17) 3.0M Share Price C$0.075 Share Price C$0.975 Market Cap (Undiluted)
Slide 9: C3 Metals
C3 Metals Focused on creating substantive value through the discovery and development of LARGE COPPER-GOLD DEPOSITS JAMAICA PERU Where we believe we will show Known world class the world a new district Copper/Gold district Montego Bay Ocho Rios Caribbean Sea Cr aw lR ive rF Port Antonio PERU au lt Z
Slide 10: Jamaica: Government Supportive & Favorable Environment
JAMAICA: Government Supportive & Favorable Environment Mining 2nd 70+ year 75+ years 150+ Largest Industry Bauxite industry Mining law in Open-pit in Jamaica place limestone / • US$500-600M annual exports (since 1947) aggregate mines • Alumina refinery in country Jamaican Mining History § Historical
Slide 11: Jamaican Mineral Sector Is Seeking Investment in Metallic Minerals
JAMAICAN MINERAL SECTOR IS SEEKING INVESTMENT IN METALLIC MINERALS MINES AND GEOLOGY DIVISION OF THE MINISTRY OF AGRICULTURE, FISHERIES AND MINES “The identification and evaluation of the precious and base metal potential gold, copper on the island. “To promote and encourage investment in non-bauxit
Slide 12: Copper and Gold Deposits of the Caribbean
COPPER AND GOLD DEPOSITS OF THE CARRIBEAN Productive for Porphyry & Epithermal Cu-Au Deposits Arimao Porphyry Cu-Au Porphyry Epithermal VMS Florencia Low S Veins 1Moz Au El Cobre North American VMS 10Mt @ 1.5 Douvray Cu-Au Plate ve g/t Au & 2% Meme Cu Au 18Mt @ 0.59% Cu Relati ent Cu 1.5Mt @ 2% Cu M
Slide 13: Stamford Hill and Charing Cross Mined in 1800s
STAMFORD HILL AND CHARING CROSS MINED IN 1800s 62 Adits & Multiple Shafts Sunk § British mined high-grade epithermal copper-gold veins in the 1800s § Stamford Hill and Charing Cross veins mined during the 1850s. § Operated until 1863 Adit to the 2nd Level at Stamford Mine Closed adit § Reports indic
Slide 14: Pennants Gold Mine (2002–2004)
PENNANTS GOLD MINE (2002 – 2004) First Gold Deposit in Jamaica to be put into Production § BHP (1992) defined a 3km gold in soil anomaly, discovered Pennants epithermal veins system § Orvana (1995-1998) reported bonanza gold grades in Pennants drill holes, including § 1.7m @ 429.78g/t gold in MD53 P
Slide 15: C3 Metals in Jamaica: A New & Emerging District
C3 METALS IN JAMAICA: A New & Emerging District 16 Porphyry & 40 Epithermal Targets Identified Over 30km Strike Porphyry with ore grade drill holes Bellas Gate – Drill permits to June 2027 Main Ridge – Past Arthurs Seat – Drill permits to April Producing Drill permits to 2028 Pennants November 2027
Slide 16: Ring Faults Help Identify Porphyry Targets
RING FAULTS HELP IDENTIFY PORPHYRY TARGETS TSX.V: CCCM | C3METALS.COM Investor Presentation | DECEMBER 2023 16
Slide 17: Actively Drilling with Two Rigs
ACTIVELY DRILLING WITH TWO RIGS Drill rig location Man-portable rig 4k m Contract TSX.V: CCCM | C3METALS.COM Investor Presentation | DECEMBER 2023 17
Slide 18: Stretching Exploration Dollars Through Smart Investments
STRETCHING EXPLORATION DOLLARS THROUGH SMART INVESTMENTS Smart Investment: C3 Metal’s All-In Drilling Cost Advantage $200k CAD invested in man-portable MORE diamond drill rig METRES DRILLED PER EVERY § Fully owned $1 INVESTED § Flexibility § 600m-Depth § Direct drill cost: C3 METALS ESTABLISHED CAMP
Slide 19: Ring Faults at Provost
RING FAULTS AT PROVOST PROVOST TSX.V: CCCM | C3METALS.COM Investor Presentation | DECEMBER 2023 19
Slide 20: Provost Plan View Map
PROVOST PLAN VIEW MAP TSX.V: CCCM | C3METALS.COM Investor Presentation | DECEMBER 2023 20
Slide 21: Provost Cross Section – PVT0900-002
PROVOST CROSS SECTION – PVT0900-002 LAHAR PVT0900-003 PVT0900-001 (EOH 418.6m) (EOH 152.0m) Off Section WS R PHYRY FLO ITE PO ANDES PVT-17-002 PVT-17-006 Basalt (300m) PVT-17-004 PVT0900-004 Pyrite>Chalcopyrite PVT-17-005 mineralization in diorite x PVT0900-002 E (EOH 480.7m) ANDESIT NICLA STICS MUL
Slide 22: Provost Cross Section – PVT0900-003
PROVOST CROSS SECTION – PVT0900-003 What We Have Learned At Provost ü Both andesite (green) and diorite (purple) units are mineralized ü Higher grades in diorite (purple) ü Epithermal veins overprint the porphyry mineralization ü Epithermal veins significantly increase the copper and precious metals
Slide 23: Provost Cross Section – PVT0825-001
PROVOST CROSS SECTION - PVT0825-001 1Copper equivalent (CuEq) calculation is for reporting purposes only and was determined based on CuEq (%) = Cu (%) + ((0.7079 × Au g/t) under metal price assumptions of Copper - US$3.00/lb, Gold - US$1,800/oz. As the Bellas Gate project is an early-stage explorati
Slide 24: Explaining the Different Zones of a Porphyry
EXPLAINING THE DIFFERENT ZONES OF A PORPHYRY Hard Boiled Egg Analogy PYRITE SHELL • Cooler temperature • Does not contain copper CHALCOPYRITE • Medium temperature • ~1/3 copper BORNITE • Hot temperature • ~2/3 copper Different sulphide minerals deposit at different temperatures TSX.V: CCCM | C3METAL
Slide 25: Provost Represents the Classic Porphyry Model
PROVOST REPRESENTS THE CLASSIC PORPHYRY MODEL Well Developed Alteration and Sulphide Zonation Porphyry Centre Pyllic to Potassic Core Alteration Zonation Chlorite-Magnetite- Big Rig Epidote Alteration C3-MP De cre asi ng Py rite Py -10 Inc % rea Py sin -5% g Cp Py -0% y Cp ri t e y Cp Cp 500m 0-1 y
Slide 26: Porphyry Sulphide Mineral Zonation
PORPHYRY SULPHIDE MINERAL ZONATION Classic Porphyry, Fully Intact Porphyry System 3-Metre Core Slabs Demonstrate Classic Porphyry Sulphide Mineral Zonation PYRITE SHELL CHALCOPYRITE BORNITE CORE PVT0825-001 (184.8m) PVT0825-001 (412.0m) PVT0825-001 (503.0m) 0.14% copper & 0.04 g/t gold (0.17% CuEq1)
Slide 27: Case Study: Newmont Acquisition of GT Gold in 2021
CASE STUDY: NEWMONT ACQUISITION OF GT GOLD in 2021 Newmont acquired GT Gold for similar copper grades Purchase Price $311M USD ($418M CAD) Indicated 298.0 Mt at 0.28% Cu and 0.36 g/t Au (0.53% CuEq2) Inferred 542.8 Mt at 0.25% Cu and 0.31 g/t Au (0.47% CuEq2) C3 Metals’ CuEq2 grades in recent drilli
Slide 28: Camel Hill – Geo Hill – Provost Targets
CAMEL HILL – GEO HILL - PROVOST TARGETS TSX.V: CCCM | C3METALS.COM Investor Presentation | DECEMBER 2023 28
Slide 29: Over 4km Trend with Limited Shallow Drilling
OVER 4KM TREND WITH LIMITED SHALLOW DRILLING Previous drilling averaged 225m depth Deeper drilling underway with grades improving at depth TSX.V: CCCM | C3METALS.COM Investor Presentation | DECEMBER 2023 29
Slide 30: Camel Hill Plan Map View
CAMEL HILL PLAN MAP VIEW TSX.V: CCCM | C3METALS.COM Investor Presentation | DECEMBER 2023 30
Slide 31: Camel Hill Cross Section – CMH8350-001
CAMEL HILL CROSS SECTION – CMH8350-001 What We Have Learned At Camel Hill ü Both andesite (green) and diorite (purple) units are mineralized ü Higher grades in andesite (green) near surface due to interpreted hypogene enrichment ü Epithermal veins overprint the porphyry mineralization ü Multi-pulse
Slide 32: Below Epidote Ridge Is Potential Source
BELOW EPIDOTE RIDGE IS POTENTIAL SOURCE Multiple Mineralized Porphyry Apophyses Encircle Epidote Ridge NEXT SLIDE SECTION VIEW IP- CHRG – LN2 TSX.V: CCCM | C3METALS.COM Investor Presentation | DECEMBER 2023 32
Slide 33: Our Drill Targeting Recipe for Success
OUR DRILL TARGETING RECIPE FOR SUCCESS 1 2 3 4 Cu Se GEOCHEMISTRY GEOCHEMISTRY GEOPHYSICS GEOPHYSICS Strong copper in Strong selenium in soil Magnetic high Chargeability soils (indicator mineral) high When we have all four ingredients, we have been encountering strong copper mineralization TSX.V: CC
Slide 34: Ring Faults at Epidote Ridge
RING FAULTS AT EPIDOTE RIDGE EPIDOTE RIDGE TSX.V: CCCM | C3METALS.COM Investor Presentation | DECEMBER 2023 34
Slide 35: Epidote Ridge – Geo Hill – Connors Connection
EPIDOTE RIDGE - GEO HILL - CONNORS CONNECTION Mag and IP Converge with Depth, Interpreted Bornite-Core GEO HILL PORPHYRY EPIDOTE RIDGE CONNORS PORPHYRY Proposed Drill Holes Barren Granodiorite Mag High on Section to the South C3 Metals’ Drill Hole September 2022 CON9325-001 Assayed 309m @ 0.44% copp
Slide 36: Multiple Known Porphyries May Converge at Depth
MULTIPLE KNOWN PORPHYRIES MAY CONVERGE AT DEPTH All Drilling Currently Relatively Shallow MAGNETIC VECTOR INVERSION -100m IP CHARGEABILITY -100m Connors Connors Camel Hill Camel Hill Anomalies Converge at Depth Below Epidote Ridge MAGNETIC VECTOR INVERSION -400m IP CHARGEABILITY -400m Connors Connor
Slide 37: Bellas Gate Multi-Kilometre Scale Copper in Soil Anomaly
BELLAS GATE MULTI-KILOMETRE SCALE COPPER IN SOIL ANOMALY Multi-Element Geochemistry (Cu-Au-Se-Mo) Confirms Multiple Porphyry CO NN OR CA SB M EL EL T BE HENDLEY LT LUCKY VALLEY Ov PROVOST er EPIDOTE 10 RIDGE CONNORS km GEO HILL BULL SNAP PLEASANT HILL CAMEL HILL Stamford Hill COFFEE Dry Hill WOODHAL
Slide 38: Exploration Target Generation
EXPLORATION TARGET GENERATION Evaluating Multiple Hydrothermal Systems Along 3-Mineral Belts C3’s OPTIMAL DRILLING RECIPE Cu Se Strong copper + Selenium in Mag high IP chargeability soil geochemistry soil high RIDGE AND SPURS AND MULTI- HAS ALL THE INGREDIENTS FOR DRILLING ELEMENT ANALYSIS, FULL SUI
Slide 39: Arthurs Seat (60km2) – New Discovery
ARTHURS SEAT (60km2) – NEW DISCOVERY No Geologist Had Walked the Ground Since Noranda 1963 Porphyry with ore grade drill holes Bellas Gate – Drill permits to June 2027 C Main Ridge – Past Arthurs Seat – O C N Drill permits to April Producing Drill permits to A N M 2028 November 2027 O Pennants EL R
Slide 40: Arthurs Seat Discovery - 2022
ARTHURS SEAT DISCOVERY - 2022 Ov er 8k m St ri ke Le ng e th id W 5km r 4. 5.2% copper & 0.81 g/t gold ve O Epithermal Style Gold-Copper Mineralization, Vein Hosted Crawle River R 16.5% copper, 4,890 g/t io Minho Fault silver & 0.50 g/.t gold Zone Discovered 8.0km by 4.5km Copper-Gold Zone TSX.V: CC
Slide 41: Arthurs Seat - Epithermal Vein Swarm
ARTHURS SEAT - EPITHERMAL VEIN SWARM 5km by 3km Area Epithermal Gold-Copper Mineralization, Hosted in Low to Intermediate Style Sulphidation Quartz Veins & Breccias 11.6 g/t gold 29.8 g/t gold Crawle River Rio Minho Fault Zone 14.4 g/t gold Discovered 5km by 3km Epithermal Vein Swarm TSX.V: CCCM | C
Slide 42: Mineralization Extends Beyond Pennants Mine
MINERALIZATION EXTENDS BEYOND PENNANTS MINE Multiple High-Grade Gold & Copper Zones Field Confirmed TSX.V: CCCM | C3METALS.COM Investor Presentation | DECEMBER 2023 42
Slide 43: C3 Metals in Jamaica: Summary
C3 METALS IN JAMAICA: SUMMARY § Secured over 20,000 hectares of prospective copper-gold exploration licenses in an under-explored, mining-friendly jurisdiction § Have identified 16 porphyry and 40 epithermal prospects § Actively drilling at Bellas Gate with two drill rigs § 8,500m program underway §
Slide 44: C3 Metals
C3 Metals Focused on creating substantive value through the discovery and development of LARGE COPPER-GOLD DEPOSITS PERU Known world class Copper/Gold district PERU JASPEROI JASPEROIDE DE Lima Pacific Cusco Las Bambas Haquira Constancia Ocean Antapaccay Arequipa 30,000 hectares in Andahuaylas-Yauri
Slide 45: Peru: A Copper Legacy
PERU: A Copper Legacy 2nd 11% 10% 2.2M Largest of Global Copper of Peru’s GDP metric tonnes Worldwide Production produced in 2022 Copper Producer Rich Mining History § History of copper mining dating back thousands of years. § Attracts significant investments from international mining companies due
Slide 46: C3 Metals in Peru: Strategic 30,000-Hectare Land Package
C3 Metals in PERU: Strategic 30,000-Hectare Land Package TSX.V: CCCM | C3METALS.COM Investor Presentation | DECEMBER 2023 46
Slide 47: C3 Metals in Peru: Land Package in 2021
C3 Metals in PERU: Land Package in 2021 TSX.V: CCCM | C3METALS.COM Investor Presentation | DECEMBER 2023 47
Slide 48: C3 Metals in Peru: Land Package Increased 426% in Two Years
C3 Metals in Peru: Land Package increased 426% in Two Years Glencore BHP Hudbay MILLOHUAYCO Alicia Hudbay Alcatraz Rio Tinto Dolores Hudbay TSX.V: CCCM | C3METALS.COM Investor Presentation | DECEMBER 2023 48
Slide 49: CVZ MCZ COZ
CVZ MCZ COZ TSX.V: CCCM | C3METALS.COM Investor Presentation | DECEMBER 2023 49
Slide 50: Maiden Resource - Montaña de Cobre Zone
MAIDEN RESOURCE - Montaña de Cobre Zone Total Tonnes Copper Contained Contained Mineral Resource Tonnes Gold Grade in Grade Copper Gold Category (Kt) (g/t) Conceptual (%) (M lbs) (K oz) Pit Measured 28,636 0.60 0.24 380.0 218.2 Indicated 23,304 0.37 0.15 189.1 108.6 Measured & Indicated 51,940 0.50
Slide 51: Intrusions Exploit Deep Seated Faults
INTRUSIONS EXPLOIT “DEEP SEATED” FAULTS Parallel Porphyry, Skarn & Epithermal Mineralized Belts TSX.V: CCCM | C3METALS.COM Investor Presentation | DECEMBER 2023 51
Slide 52: C3 Metals in Peru: Summary
C3 METALS IN PERU: SUMMARY § Secured over 30,000 hectares in a strategic, world-class copper jurisdiction § Maiden Resource reported May 23, 2023 on 1st of numerous targets § Identified two parallel copper-gold, skarn-porphyry belts within C3 concession package: Jasperoide & Khaleesi Belts § Identif
Slide 53: C3 Metals: Land Packages Put Together. Time to Drill!
C3 METALS: Land Packages Put Together. Time to DRILL! Current market cap of ~C$60M Drilling into confirmed Jamaica: At least 16 porphyry porphyries in Jamaica has and 40 epithermal targets over commenced 30km strike extent Maiden resource in Peru Peru offers exposure to large, underpins value and pr
Slide 54: Contacts
CONTACTS DAN SYMONS President & CEO Tel: (416) 716-6466 /C3Metals dsymons@c3metals.com @C3Metals CORPORATE OFFICE 69 Yonge St., Suite 200 @C3Metals Toronto, Ontario M5E 1K3 info@c3metals.com company/C3Metals www.c3metals.com TSX.V: CCCM | C3METALS.COM Investor Presentation | DECEMBER 2023 54
Slide 55: Over 20,000 Hectares in a Jurisdiction with…
Over 20,000 hectares in a Jurisdiction with… THE RIGHT RECIPE FOR SUCCESS ü Stable, democratic government ü English speaking • Multi-party system ü Supportive local communities • Elections every five years ü Multi-kilometre copper-gold trend ü Mining is the second largest with copper in: industry •
Slide 56: Strong Community Relations Are Critical
STRONG COMMUNITY RELATIONS ARE CRITICAL Community Engagement and Involvement CORPORATE SOCIAL RESPONSIBILITY § Contact, Communicate and Involve Community § Stakeholder engagement started on Day 1 § Consultation with local community x3 § Identify inhabitants and landowners § Social baseline survey §
Slide 57: Community Engagement
COMMUNITY ENGAGEMENT Community Programs and Initiatives 5 1 Support Small Businesses 4 Connors Connecting Communities Rock River 1 5 2 Educational Assistance 4 2 3 Bellas 3 Gate Road Repairs Support Local Farmers TSX.V: CCCM | C3METALS.COM Investor Presentation | DECEMBER 2023 57
Slide 58: Community Engagement
COMMUNITY ENGAGEMENT Community Programs and Initiatives 1 3 Supporting Local farmers Educational Support 3 4 1 4 2 2 Technology Support for Local Schools Road Repairs-Before/After TSX.V: CCCM | C3METALS.COM Investor Presentation | DECEMBER 2023 58
Slide 59: Partnering with RCF Foundation & Nine Miles of Smiles
PARTNERING with RCF FOUNDATION & NINE MILES OF SMILES Launching Partnership Program in 2024 COMMUNITY HEALTHCARE PARTNER § Nine Miles of Smiles (NMS) is a non-profit volunteer organisation that provides free dental care to underserviced areas in Jamaica. § Our goal is to work together and launch a s
Slide 60: Planned Community Training Facility
PLANNED COMMUNITY TRAINING FACILITY Successful CSR Programs Critical to C3 Metals Success Crop-Rotation and Animal Husbandry Training Facility Fish Ponds Chickens Corn Cabbage Ducks Beans TSX.V: CCCM | C3METALS.COM Investor Presentation | DECEMBER 2023 60