Culpeo Minerals Limited · ASX:CPO
Culpeo Minerals — Investor Presentation (July 2026)
21 slides from Culpeo Minerals's investor presentation, Jul 22, 2026
Slide 1: Targeting Large-Scale, High-Grade New Discoveries in the Land of the Copper Giants
For personal use only TARGETING LARGE-SCALE, HIGH- GRADE NEW DISCOVERIES IN THE LAND OF THE COPPER GIANTS ASX: CPO | OTCID: CPORF
Slide 2: Disclaimer and Important Information
DISCLAIMER AND IMPORTANT INFORMATION This Presentation and any accompanying verbal Presentation (together the Presentation) has been prepared by Culpeo Minerals Limited (Culpeo or the Company) and approved by the Executive Chairman of the Company. The information contained in the Presentation (Infor
Slide 3: About Culpeo Minerals
ABOUT CULPEO MINERALS FORTUNA PROJECT Cu Au LA FLORIDA Porphyry Cu/Au System 1,700m x 500m TWO PRIMARY PROJECT AREAS IN For personal use only THE LAND OF THE COPPER GIANTS LANA CORINA PROJECT MULTIPLE PROSPECTS Channel and Surface Sampling Results Support A high-grade outcropping new discovery, High
Slide 4: About Culpeo Minerals
ABOUT CULPEO MINERALS 1. 2. 3. For personal use only A DEFINING COMMODITY OF THE CHILE IS SYNONYMOUS WITH TARGETING LARGE-SCALE PORPHYRY ENERGY TRANSITION COPPER MINING AND PRODUCTION AND RELATED COPPER SYSTEMS • Global electrification, digitalisation and • World’s leading copper-producer, • Focused
Slide 5: The Conductive Backbone of the Modern Economy
THE CONDUCTIVE BACKBONE OF THE MODERN ECONOMY ONE OF THE MOST CREDIBLE LONG-TERM COMMODITY THEMATICS IN THE RESOURCES SECTOR DEMAND IS BROAD-BASED AND DIVERSIFIED For personal use only NOT DEPENDENT ON ONE TECHNOLOGY PATHWAY OR SINGLE OVERACHING THESIS GENERATION TRANSMISSION ELECTRIC VEHICLES DATA
Slide 6: Copper Is in Structural Deficit
COPPER IS IN STRUCTURAL DEFICIT COPPER SUPPLY GAP (kt, notional) For personal use only 774 DATA CENTRE-LED CAPEX SUPERCYCLE IS DRIVING SIGNIFICANT POWER INVESTMENT UNDERINVESTMENT IN EXPLORATION HAS CONSTRAINED THE SUPPLY PIPELINE SUSTAINED SUPPLY DEFICIT IS FORECAST AS 325 309 263 228 DEMAND OUTPAC
Slide 7: Chile Is Synonymous with Copper
AIRPORT CHILE IS SYNONYMOUS WITH COPPER 160km PORT 160km LA SERENA Pop 200,000 WORKFORCE DESAL PLANT 160km 160km For personal use only SMELTER 130km Cu Au 23% SHARE OF WORLD MINE CHILE PRODUCTION IN 2025 SALAMANCA POWER 90km Pop 26,000 VERY WELL-ESTABLISHED WORKFORCE 120km INFRASTRUCTURE FORTUNA Cu
Slide 8: Lana Corina Project
LANA CORINA PROJECT LEGEND Culpeo tenements LANA CORINA PROJECT CPO prospect Road network • New copper-molybdenum discovery made in 2024 Punitaqui copper-gold mine For personal use only Power • Drill hole CMLCD014 returned a spectacular N intersection of 454m at 0.96% CuEq from 90m 0 5km • Consisten
Slide 9: Lana Corina Project
LANA CORINA PROJECT SW NE SUCCESSFUL LINKAGE WOULD ESTABLISH A 3KM MINERALISED SYSTEM For personal use only LANA CORINA DISCOVERY VISTA MONTANA PROSPECT OPEN IN ALL VOX 3D MAGNETIC INVERSION MODEL IMAGE Magnetic low DIRECTIONS Near surface breccia drill targets Zoned porphyry target PORPHYRY TARGET
Slide 10: Fortuna Project
FORTUNA PROJECT LA FLORIDA Porphyry Cu/Au System 1,700m x 500m 6.65m at 1.03% Cu from 14.00m (CMLFD002) 6.10m at 1.35% Cu from 10.00m (CMLFD005) 7.47m at 1.36% Cu from 115.00m; (CMLFD005), incl 0.49m at 4.19% Cu from 121.50m For personal use only • Large concession area covering over 7,000 hectares
Slide 11: Fortuna Project
FORTUNA PROJECT • Large 1.7km x 0.5km footprint interpreted copper-gold SCHEMATIC REPRESENTATION OF INTERPRETED PORPHYRY TARGET For personal use only porphyry system delineated at the La Florida Prospect • Results from surface sampling returned grades up to 3.96% Cu and 2.61g/t Au • Mineralisation s
Slide 12: Fortuna Project
FORTUNA PROJECT • Rock chip sampling programme completed in June 2026 as part of a broader For personal use only geological mapping programme • At La Florida, four of the 15 samples returned copper values greater than 1.0% Cu, with the strongest result of 3.0% Cu • At El Quillay, two samples returne
Slide 13: Corporate Snapshot
CORPORATE SNAPSHOT CAPITAL STRUCTURE REGISTER COMPOSITION For personal use only Share price (at 20 July 2026) A$0.012 Shares on issue (at 10 July 2026) 795.1M 2% Unlisted options and rights (post new option issue) 257.6M Board and management Market capitalisation (at 20 July 2026) A$9.54M 40% Top 20
Slide 14: Board and Management
BOARD AND MANAGEMENT For personal use only INTERIM EXECUTIVE NON-EXECUTIVE NON-EXECUTIVE TECHNICAL CHILEAN COUNTRY CHAIR DIRECTOR DIRECTOR MANAGER MANAGER • Over 30 years’ of international resource • Geologist with more than 25 years’ of • Mining engineer with over 30 years’ • Geologist and mining e
Slide 15: Ongoing Exploration
ONGOING EXPLORATION For personal use only Investor Presentation 15
Slide 16: Culpeo Minerals Limited
CULPEO MINERALS LIMITED Cu 29 For personal use only COPPER THE DEFINING COMMODITY WORLD’S PREMIER COPPER TARGETING LARGE-SCALE, HIGH- OF THE ENERGY TRANSITION JURISDICTION GRADE COPPER SYSTEMS Investor Presentation 16
Slide 17: Culpeo Minerals Limited
CULPEO MINERALS LIMITED For personal use only 31 CLIFF STREET FREMANTLE WA 6160 +61 (8) 6383 7894 info@culpeominerals.com.au geoff.mcnamara@culpeominerals.com.au
Slide 18: Corporate Event
CORPORATE EVENT RIGHTS OFFER DETAILS IMPORTANT DATES For personal use only Price per new option A$0.003 Ex-date Friday, 17 July 2026 Option entitlement ratio (options: shares held) 1:4 Record date Monday, 20 July 2026 Shares currently on issue 795.1M Prospectus dispatched Thursday, 23 July 2026 Opti
Slide 19: Appendix A: Lana Corina Discovery – Diamond Drilling
APPENDIX A LANA CORINA DISCOVERY – DIAMOND DRILLING For personal use only • 454m at 0.96% CuEq from 90m in CMLCD014¹ • 257m at 1.10% CuEq from 170m in CMLCD002² • 173m at 1.09% CuEq from 313m in CMLCD003³ • 169m at 1.21% CuEq from 239m in CMLCD010⁴ • 104m at 0.83% CuEq from 155m in CMLCD001A⁵ • 81m
Slide 20: Appendix B: CuEq Calculations and Competent Persons' Statements
APPENDIX B COPPER EQUIVALENT (CuEq) CALCULATIONS COMPETENT PERSONS’ STATEMENTS For personal use only • Assumed commodity prices: Cu US$4.75/lb, Au US$3,200/oz, Mo The information in this announcement that relates to the historic Exploration Results and Geophysical Results as listed in the table belo
Slide 21: Appendix C: Earn-In Terms
APPENDIX C LANA PERIOD FROM WORK STAGE AGGREGATE PERIOD FROM WORK STAGE AGGREGATE CONSIDERATION FORTUNA CONSIDERATION CORINA ORIGINAL SIGNING COMMITMENT INTEREST INTEREST ORIGINAL SIGNING COMMITMENT INTEREST INTEREST For personal use only (Months) (US$) Description (%) (%) (Months) (US$) Description