Slide 1: Standing Among Giants: Exploration in Proven Copper Belts
Standing Among Giants: Exploration in Proven Copper Belts Corporate Presentation Second Quarter 2023
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains "forward-looking statements" and "forward-looking information" (collectively, "forward-looking information") within the meaning of applicable Canadian securities legislation. Forward-looking statements are neither historical facts nor assurances
Slide 3: Why Interra Copper?
Early Entry Into A New Copper Explorer Why Interra Copper? § Freeport-McMoRan which continues to follow our progress with a future interest in the Partnership with a Tres Marías project Global Mining Giant § Potential for additional partnerships; Former Freeport teammates with extensive knowledge of
Slide 4: Management
Mine Financiers, Explorers, Developers and Operators Management Chris Buncic CFA P.Eng DIRECTOR, PESIDENT & CEO Co-founder and CEO of Alto Verde Copper Inc., former CEO of Ascendant Resources Inc; 10 years in mining management, having developed / operated projects and mines in Central America, Europ
Slide 5: Board of Directors & Special Advisors
Mine Financiers, Explorers, Developers and Operators Board of Directors & Special Advisors Chris Buncic CFA P.Eng Jason Nickel P.Eng Rick Gittleman David McAdam CA CPA Scott Young DIRECTOR, PESIDENT & CEO DIRECTOR, COO DIRECTOR DIRECTOR DIRECTOR 20+yr project finance and 30+ yr finance and operation
Slide 6: Prospective Assets in Top Jurisdictions for Copper
Exploration in Chile and Canada Prospective Assets in Top Jurisdictions for Copper Tres Marías Pitbull Zenaida Antofagasta, Chile Tarapaca, Chile Antofagasta, Chile § 16,050 ha concession § 2,000 ha concession § 1,800 ha concession § mid-stage exploration § early-stage exploration, § early-stage exp
Slide 7: Tres Marías
Antofagasta, Chile Tres Marías Mid-Stage Exploration § Highly prospective concession in the Paleocene- Lower Eocene Central Belt at 1,600 m elevation with year-round access § Historical surface geochemistry shows anomalous copper (100 ppb to 0.7% Cu) § Historical geophysics: ZTEM 110 km2 with 282 km
Slide 8: Tres Marías – Geophysical UAV Mag & IP GDAS (3D) work program
Tres Marías – Geophysical UAV Mag & IP GDAS (3D) work program = 3 Major Target Areas 1 IP GSDAS line of 6 km and 126 linear km of UAV MAG in 21 lines of 6 km, spaced every 150 m. L5 Central Target L4 L3 L6 Western Target L2 3 IP GSDAS lines for a 13.05 L1 km and 168 linear km of Eastern Target UAV M
Slide 9: Tres Marías - Geological Section N120°
Tres Marías - Geological Section N120° 1800 m possible continuity of the NW 476500 E 7511000 N 478500 E 7511500 N 477000 E 477500 E 478000 E “D Veins zone” TMRC-18-01 TMD-15-06 manto to the south? SE Gravels Guacate fault W Guacate fault E CuOx TMD-15-01 1600 m 1600 m Gr a v Loa Fm. els Gravels San
Slide 10: Tres Marías – Geoelectric Models IP / Resistivity
Tres Marías – Geoelectric Models IP / Resistivity Results of Interra’s 29 km GDAS IP program (3D) were highly successful • Confirmation of prior geophysical studies & our reinterpretations • Higher resolution and mode advanced interpretation highlighting three large targets in the East, Central and
Slide 11: Tres Marías – Geoelectric Models IP / Resistivity
Tres Marías – Geoelectric Models IP / Resistivity IP/Resistivity 2D. L3. chargeable body chargeable bodies ˃25 mV/V Central Target up to 20 mV/V Section 7.512.400 N (PSAD56) IP /Resistivity 2D. Line 3. chargeable body At the eastern part of line 3 (central target) up to 14 mV/V there’s a strong cond
Slide 12: Tres Marías – Geoelectric Models IP / Resistivity
Tres Marías – Geoelectric Models IP / Resistivity chargeable body Western Target ˃25 mV/V IP / Resistivity 3D block L4-L6 (longitudinal) Slice @SW-150m-NE, central part of the western target. One can see a high chargeable core at the center coincident with a strong Low conductor at 300 m deep to Mod
Slide 13: Tres Marías Future Planned Work: Eastern Target
Tres Marías Future Planned Work Eastern Target Eastern Target Future exploration plans include 5,000m of drilling in the Eastern Target area to test geophysical targets with high magnetization zones, coinciding with strong chargeability, where some are in proximity to the Guacate faults as Eastern T
Slide 14: Tres Marías Future Planned Work
Tres Marías Future Planned Work 470000 458000 459000 460000 461000 462000 463000 464000 465000 466000 467000 468000 469000 471000 472000 7517000 7517000 L4 7516000 7516000 N R- R- R- 016 014 L 7515000 7515000 015 L 5N 6N L 7514000 5N 7514000 R- R- 019 7513000 017 R- R-011 7513000 018 LITHOLOGY L R-0
Slide 15: Pitbull
Tarapaca, Chile Pitbull Early-Stage Exploration § Located in an interpreted Oligocene porphyry belt § 25 km N of Anglo American & Glencore’s Collahausi mine complex, a historically high- grade copper-silver vein system § Located in Upper Eocene-Lower Oligocene (Mid-Tertiary) Belt at 3,800 - 4,100 m
Slide 16: Pitbull Future Planned Work
Pitbull Future Planned Work • 300 Ha additional concessions acquired in 2022 • Planned geophysics include: • High resolution UAV magnetometry survey over 14 km2 • IP / Resistivity GDAS 32 km • Photogrammetric Survey • Magneto Variational Profiling (MVP) Acquisition and 3D Resistivity Inversion Phase
Slide 17: Zenaida
Antofagasta, Chile Zenaida Early-Stage Exploration § Located in Upper Eocene-Lower Oligocene (Mid-Tertiary) Belt at 3,900 m elevation with year-round access; Similarities to Collahuasi geology § Historical geophysical results look promising and warrant further analysis and follow-up 17
Slide 18: Proximity to World Class Chilean Mines
Proximity to World Class Chilean Mines Interra Collahuasi 2019 Coppper Production (MM lbs) 1,246.5 Copper Project R&R Tonnage (tonnes) Cu (%) Reserves 3,055,000,000 0.920% Pitbull M& I 2,336,000,000 0.670% Inferred 4,806,000,000 0.730% Quebrada 2019 Coppper 2019 Coppper Blanca Production (MM lbs) 46
Slide 19: Thane – Large Land Position Within Quesnel Terrane
Thane – Large Land Position Within Quesnel Terrane On Trend With Major Deposits § 20,658 ha concession fully owned by Interra Copper located within the Quesnel Terrane in Northern British Columbia, Canada § The Quesnel Terrane is a prolific porphyry belt with Cu, Au, Ag, Mo, Zn and Pb mineralization
Slide 20: Thane – Six Target Areas Prospective for Cu, Au, Ag
Thane – Six Target Areas Prospective for Cu, Au, Ag Six Prospective Target Areas So Far § 20,658ha concession fully owned by Interra Copper Corp. § Close to power, access via logging roads § 6 mineralized Target Areas identified to date with multiple mineralized zones; 3 previously unknown § Each of
Slide 21: Chuck Creek – Large Neighbor Surrounds
Chuck Creek – Large Neighbor Surrounds Proximity to Taseko’s Yellowhead VMS deposit § Chuck Creek property: 3,357 ha in Central British Columbia, Canada § 10 month working season, nearby major service centers § Located within the Eagle Bay Assemblage of rocks § Surrounded by Taseko Mines’s Yellowhea
Slide 22: Capital Structure
Capital Structure Share Structure Share Price (IMCX-CSE, March 31, 2023) $0.80 Shares Issued / Outstanding (MM’s) 22.5 Shares Fully Diluted (MM’s) 28.0 Estimated Float ~40% Market Capitalization (C$MM) $18.0 Management, Directors and Insiders’ 11% Ownership 22
Slide 23: Appendix
Appendix Standing Among Giants: Exploration in Proven Copper Belts
Slide 24: Regional Geology: CVZ + “Elephant Country”
Regional Geology: CVZ + “Elephant Country” § All three of the Interra Copper projects are located in the Central Volcanic Zone (CVZ), an area of considerable volcanic activity as a result of the subduction of the Nazca Plate (ocean) below the Central Andes Plate (continental) § The Chilean part of t
Slide 25: World Class Copper Assets
World Class Copper Assets Ownership Operating Profile Operating Mine 2019 Copper % of Global Global Rank Companies Production (tonnes) Copper Production by Commodity Escondida BHP / Rio Tinto / Mitsubishi 1,189,100 5.7% 1 Collahuasi Anglo American / Glencore / Mitsubishi 565,400 2.7% 2 El Teniente C
Slide 26: Why Copper?
Why Copper? $5.50 700,000 $5.00 Warehouse Stocks (tonnes) 600,000 $4.50 500,000 $4.06 Price (US$ / lb) $4.00 400,000 $3.50 300,000 $3.00 200,000 $2.50 100,000 $2.00 0 $1.50 Dec/2015 Dec/2016 Dec/2017 Dec/2018 Dec/2019 Dec/2020 Dec/2021 Dec/2022 LME + SHFE - Copper Warehouse Stocks (tonnes) LME-Coppe
Slide 27: Why Copper?
Why Copper? Supportive Policy 04 Environment ü Post-COVID-19 recovery is likely to be accompanied policies supporting lower- income families ü Rising demand for housing & infrastructure with rising wages Growing Global Middle 05 Class ü Current market reminiscent of the US super-cycle of the 1970s r
Slide 28: Why Copper?
Why Copper? Net Zero Emissions 2050 06 ü Targets for Net Zero Emissions cannot be met without significant new copper resources being extracted ü Most of this growth in demand comes in the next 20 years ü Substitution and Recycling cannot fill the gap Sources: S&P Global July 2022 28
Slide 29: Genesis of a Copper Porphyry Deposit
Genesis of a Copper Porphyry Deposit Schematic model showing the components of a porphyry copper-precious metal and polymetallic system with various deposit types and mineralization styles (shaded red, blue and purple) associated with the porphyry intrusive centre (shaded pink) (Source: Sillitoe, 20
Slide 30: Standing Among Giants: Exploration in Proven Copper Belts
Standing Among Giants: Exploration in Proven Copper Belts Investors Inquiries investors@interracoppercorp.com