Kutcho Copper Corp · TSXV:KC
Kutcho Copper — Investor Presentation (February 2023)
35 slides from Kutcho Copper's investor presentation, Feb 21, 2023
Slide 1: Investor Presentation February 2023
TSXV: KC | OTCQX: KCCFF Investor Presentation February 2023
Slide 2: Forward looking statement
2 | kutcho.ca TSXV:KC OTCQX:KCCFF Forward looking statement This presentation contains certain statements that may be considered “forward-looking statements” with respect to Kutcho The forward-looking information contained herein is expressly Copper Corp. (“Kutcho Copper” or the “Company”) within th
Slide 3: Robust Project Economics
3 | kutcho.ca TSXV:KC OTCQX:KCCFF 1 Metal prices: Cu US$4.00/lb, Zn US$1.15/lb, Ag US$20/oz. Au US$1,600/oz 2 Spot metal prices: Cu US$4.50/lb, Zn US$1.57/lb, Ag US$24/oz. Au US$1,788/oz 3 CuEq calculation Feasibility Study Headline Results based on base case metal prices appendix 4 All-in sustainin
Slide 4: Significant Leverage to Rising Metal Prices
4 | kutcho.ca TSXV:KC OTCQX:KCCFF Significant Leverage to Rising Metal Prices NPV and IRR Sensitivity to All Metal Prices NPV and IRR Sensitivity to Copper Price Only % Increase linked to Copper Price Zinc, Silver & Gold at Base Case Prices dddd * Values includes Wheaton Stream
Slide 5: Kutcho Copper offers a strong share structure
5 | kutcho.ca TSXV:KC OTCQX:KCCFF Kutcho Copper offers a strong share structure Share Ownership Share Price Last 12 Months (TSX.V – C$) $1.00 $0.75 Capital structure Shares issued 125,699,697 $0.50 Stock options 6,745,000 Warrants 300,000 $0.25 Ticker TSXV:KC OTCQX:KCCFF 8.5% Capstone Mining Corp 14
Slide 6: Wheaton Precious Metals provides over $100M financing package
6 | kutcho.ca TSXV:KC OTCQX:KCCFF Wheaton Precious Metals provides over $100M financing package Metal % contribution Precious metals stream (US $87.8M) to revenue at base case ● US $15.8M towards project acquisition metal prices ● US $10.5M+ in equity participation ● US $7M provided to fund the feas
Slide 7: A development-friendly region with a number of major projects
7 | kutcho.ca TSXV:KC OTCQX:KCCFF N Kutcho A development-friendly Dease Lake Property region with a number of with 120km access road major projects in various Red Chris phases of development Kemess & construction, with Galore Creek KSM local skilled workforce Brucejack Mt Milligan Port of Stewart Ki
Slide 8: First Nations – Tahltan & Kaska Dena
8 | kutcho.ca TSXV:KC OTCQX:KCCFF First Nations – Tahltan & Kaska Dena Kutcho Copper executed a new Exploration Agreement with Tahltan Central Government in November 2021 and renewed their Communications Agreement in January 2021 Exploration Agreement signed with Kaska Dena Nation in February 2019 P
Slide 9: Kutcho is an accessible project with on-site and nearby infrastructure
9 | kutcho.ca TSXV:KC TSXV:KC OTCQX:KCCFF OTCQX:KCCFF Kutcho is an accessible project with on-site and nearby infrastructure situated within moderate terrain Accessibility Port facilities Existing field camp First Nations 120 km of existing ground in Stewart ~400 km from with 900 m long gravel ongoi
Slide 10: Efficient Infrastructure Layout
Tailings 10 | kutcho.ca TSXV:KC OTCQX:KCCFF Management Facility Efficient Infrastructure Layout Stockpiles Open Pit Compact site footprint Collection Pond Waste rock dump temporary - backfilled to open pit during operations Underground Mill Complex Portal Tailings embankment: downstream Camp constru
Slide 11: Kutcho Project Mine Workings
11 | kutcho.ca TSXV:KC OTCQX:KCCFF Kutcho Project Mine Workings View to Northeast Main Main Open Pit Portal to Underground Mines Esso Underground Mine Esso Main Underground Mine Sumac Inferred Resource
Slide 12: Kutcho's GHG Intensity
12 | kutcho.ca TSXV:KC OTCQX:KCCFF Kutcho’s GHG Intensity Operational GHG Intensity Comparison for BC Copper Mines 1 Low GHG intensity of 1.3 kg CO2e/kg Cueq inclusive of all construction and closure requirements Other comparative carbon intensity reporting measures place Kutcho below the median of
Slide 13: Kutcho's path to development intersects the copper supply-demand imbalance
13 | kutcho.ca TSXV:KC OTCQX:KCCFF Kutcho’s path to development Environmental permitting intersects the copper supply-demand subject to only BC provincial review process imbalance expected to start in 2026 The Company filed the Project Description in September 2019 Feasibility Study: Completion Nove
Slide 14: The Kutcho project covers 90% of the prospective Kutcho Formation rocks
14 | kutcho.ca TSXV:KC OTCQX:KCCFF The Kutcho project covers 90% of the prospective Kutcho Formation rocks SOUTH NORTH Kutcho Deposit Sinwa Formation King Salmon Sinwa Thrust Fault Formation Nahlin Thrust Fault Kutcho Sinwa Fault Formation The prospective volcanic rocks are folded, repeating the min
Slide 15: Kutcho Copper: Strong upside potential
15 | kutcho.ca TSXV:KC OTCQX:KCCFF Kutcho Copper: Measured Strong upside potential Indicated Inferred Drillholes Near resource (brownfields) drill targets 1 Open Pit Shell: 459,000 tonnes Main deposit Inferred Mineral resources resides within the current open pit shell and are available for potentia
Slide 16: No significant exploration on the property since 1990
16 | kutcho.ca TSXV:KC OTCQX:KCCFF No significant exploration N on the property since 1990 Esso Deposit Multiple repeated VMS sulphide horizons are under-explored Sumac Deposit Main Deposit Priority Targets The IRJ Northwest was first identified as a conductor IRJ Northeast. Three holes drilled in 1
Slide 17: Copper Developer Comparables: Kutcho Re-Rate Opportunity
17 | kutcho.ca TSXV:KC OTCQX:KCCFF Copper Developer Comparables: Kutcho Re-Rate Opportunity Consensus P/NAV dddd Based on Kutcho Coppers share price at $.35 - Feb 6, 2023. See page 3 of this presentation for financial metrics @ $4Cu and Spot Prices used above. Source: Haywood Securities Inc, S&P Cap
Slide 18: Kutcho Opportunities & Catalysts
18 | kutcho.ca TSXV:KC OTCQX:KCCFF (1) Feasibility Study 2021 (2) Includes application of WPM PMPA (public disclosure Kutcho Opportunities & Catalysts February 11, 2022) and pricing of Cu US$4.00/lb, Zn US$1.15/lb, Ag US$20/oz, Au US$1,600/oz (3) The total annualized life cycle GHG for the Kutcho Pr
Slide 19: Kutcho Copper – a clear path to production
19 | kutcho.ca TSXV:KC OTCQX:KCCFF Kutcho Copper – a clear path to production High Grade Copper Zinc development project with Permitting – Transparent and prescribed process, 22.8 Mt in the Measured and Indicated resources supportive First Nations, local stakeholders and category at 2.26% CuEq¹ repr
Slide 20: Management team
20 | kutcho.ca TSXV:KC OTCQX:KCCFF Management team Vince Sorace Andrew Sharp P.Eng Rob Duncan President & CEO, Director COO Senior Technical Consultant ● Over 30 years experience in ● 35 years experience in mine design, ● 26 years experience in mineral capital markets construction, operational mine
Slide 21: Board of Directors & Advisory Board
21 | kutcho.ca TSXV:KC OTCQX:KCCFF Board of Directors & Advisory Board Stephen Quin Bill Bennett Jay Sujir Mark Forsyth Director Director Director Director ● 40 years experience in mining ● Former BC gov’t MLA for 16 years ● Partner, Farris, Vaughan, ● Over 30 years’ with extended & corporate affair
Slide 22: info@kutcho.ca Kutcho.ca
TSXV: KC | OTCQX: KCCFF +1 604-628-5623 info@kutcho.ca Kutcho.ca Suite 717 1030 West Georgia St. Tel Email Website Vancouver, BC Canada V6E 2Y3
Slide 23: Appendix
23 | kutcho.ca TSXV:KC OTCQX:KCCFF Appendix
Slide 24: Technical information compliance with NI 43-101
24 | kutcho.ca TSXV:KC OTCQX:KCCFF Technical information compliance with NI 43-101 The technical or scientific information in this presentation has been reviewed and approved by Andrew Sharp, P.Eng The Project will be subject to a number of federal, provincial and BC (Lic. No. 47907), FAusIMM, Chief
Slide 25: Feasibility Study Overview
25 | kutcho.ca TSXV:KC OTCQX:KCCFF Feasibility Study Overview Notes: ● Tonnages are reported in metric tonnes (t), copper and zinc in pounds (lbs), silver and gold reported in troy ounces (oz). ● "M" = million, "k" = thousand ● All tables report rounded figures and may not sum precisely. ● The finan
Slide 26: Estimate of Mineral Resources
26 | kutcho.ca TSXV:KC OTCQX:KCCFF Estimate of Mineral Resources Inclusive of Reserves (effective 30 July 2021) Notes: 1. The mineral resource estimates in the table above form coherent bodies of mineralisation that are considered amenable to a combination of open pit and underground extraction meth
Slide 27: Mineral Reserve Estimate
27 | kutcho.ca TSXV:KC OTCQX:KCCFF Mineral Reserve Estimate (effective 4 November 2021) See next page for Notes
Slide 28: Mineral Reserve Estimate
28 | kutcho.ca TSXV:KC OTCQX:KCCFF Mineral Reserve Estimate (effective 4 November 2021) Notes: Underground Specific Notes: 1. CIM definitions were followed for Mineral Reserves. 10. Underground Mineral Reserve cut-off grade was C$129.45/t NSR. 2. Mineral Resources are reported inclusive of Mineral R
Slide 29: Ore by Source and NSR
29 | kutcho.ca TSXV:KC OTCQX:KCCFF Ore by Source and NSR
Slide 30: Open Pit and Underground Mining Statistics
30 | kutcho.ca TSXV:KC OTCQX:KCCFF Open Pit and Underground Mining Statistics (Incl Pre-Production) Notes: 1. Includes 1.25 years for pre-production and stockpile rehandle periods 2. Mining operational costs and tonnages are inclusive of the pre-production period.
Slide 31: Flotation Feed Grades
31 | kutcho.ca TSXV:KC OTCQX:KCCFF Flotation Feed Grades
Slide 32: Processing and Concentrate Production
32 | kutcho.ca TSXV:KC OTCQX:KCCFF Processing and Concentrate Production Notes: 1. 10.75 years after pre-production, plus 0.25 years in pre-production start-up 2. 0.25 years for pre-production and 2.75 for stockpile rehandle periods 3. Metal recovery to concentrates compared to crusher head feed, an
Slide 33: Capital Cost Summary
33 | kutcho.ca TSXV:KC OTCQX:KCCFF Capital Cost Summary(1,2) Notes: 1. All values stated are undiscounted. 2. No inflation or depreciation of costs were applied; all costs are in 2021 money values. Major underground mobile equipment, all open pit mobile equipment and the power gensets are leased. 3.
Slide 34: Operating Cost Summary; Cash Costs and All-In Sustaining Costs
34 | kutcho.ca TSXV:KC OTCQX:KCCFF Operating Cost Summary (Excluding Pre-Production(1)) Notes: 1. Pre-production tonnages and costs are not included in the Life- of-Mine operating cost summary (these are Years -2 and -1 and are capitalized). 2. Year 1 includes pro-rated adjustments for working capit
Slide 35: Cash Flow Summary
35 | kutcho.ca TSXV:KC OTCQX:KCCFF Cash Flow Summary
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