Culpeo Minerals Limited · ASX:CPO
Culpeo Minerals — Investor Presentation (January 2024)
25 slides from Culpeo Minerals's investor presentation, Jan 29, 2024
Slide 1: Discovering and Developing High-Grade Copper in Chile
For personal use only DISCOVERING AND DEVELOPING HIGH-GRADE COPPER IN CHILE ASX:CPO | OTCQB:CPORF January 2024
Slide 2: Disclaimer
Disclaimer 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 Board of the Company. The information contained in the Presentation (Information) is a summary only and shoul
Slide 3: Investment Highlights
A HIGH IMPACT COPPER PORTFOLIO WITH MULTIPLE TWO HIGH PRIORITY PROJECT DRILL READY TARGETS AREAS ON THE STRATEGIC CHILEAN COASTAL BELT LOCATED IN THE PREMIER COPPER PRODUCING For personal use only REGION GLOBALLY PERU SYSTEMATIC EXPLORATION BOLIVIA TO UNLOCK LATENT RESOURCE POTENTIAL CHILE Antofagas
Slide 4: Chile: A Major Copper Producer
MINING A KEY MINING REPRESENTS RANKED THE BEST CONTRIBUTOR TO OVER HALF OF THE COUNTRY IN SOUTH THE CHILEAN COUNTRY’S TOTAL AMERICA FOR ECONOMY EXPORTS MINING INVESTMENT For personal use only CHILE A MA JOR PROD UC E R Cu Cu THE WORLD'S TOP Cu COPPER PRODUCER Cu AND LARGEST COPPER Cu RESERVES HOME T
Slide 5: Board and senior management
Board and senior management Successful track record of discovery, project development and value creation For personal use only Geoff Max Zeffron Paul Sergio McNamara Tuesley Reeves Schmiede Uribe Non-Executive Managing Non-Executive Non-Executive Chilean Country Chairman Director Director Director M
Slide 6: Committed copper mine supply forecast
COMMITTED COPPER MINE SUPPLY FORECAST1 SUPPLY PIPELINE LACKS HIGH QUALITY, LARGE MT SCALE PROJECTS Australasia For personal use only Asia WEAK STRONG Africa ACCELERATION OF DEMAND Europe COPPER ELECTRIFICATION South America DRIVING North America STRO NG O UTLO O K SIGNIFICANT MARKET DEFICIT 20 GROWI
Slide 7: Corporate snapshot
Corporate snapshot Compelling entry price, strong leverage to further exploration success Capital structure Major shareholders For personal use only Share price (18 January 2024) A$0.051 15% TIGHT REGISTER WITH Shares on issue (January 2024) 135.8M SUPPORTIVE EXPLORATION- 46% FOCUSED SHAREHOLDER BAS
Slide 8: Corporate overview
Corporate overview Premier copper producing region globally • Targeting high-grade copper resources critical for renewable energy technologies. For personal use only • Strategically positioned near infrastructure and world-class copper projects. • Lana Corina and Fortuna, are underexplored and highl
Slide 9: Project highlights
Project highlights High impact exploration 1. Fortuna Project Cu Au Mo For personal use only Seven high priority outcropping targets: • Vaca Muerta; • Piedra Dura; • La Florida; • El Quillay North; • El Quillay Central; • El Quillay South; and • Lucero. 2. Lana Corina Project Cu Mo New high-grade ou
Slide 10: Fortuna Project
1. Fortuna Project Outcropping targets immediately north of the Lana Corina discovery • Culpeo concession area at Fortuna covers 4,025 hectares. For personal use only • Numerous historic mines strike of >6km. • Seven high priority outcropping targets: – Vaca Muerta; – Piedra Dura; – La Florida; – El
Slide 11: High priority El Quillay North target
1. Fortuna Project High priority El Quillay North target • Historical underground sampling returned high-grade zones For personal use only including1: – 3m @ 6.92% Cu; – 15m @ 1.50% Cu; – 5m @ 1.18% Cu; and – 5m @ 2.70% Cu. • Records show approximately 200,000 tonnes @ 2% Cu mined2. 1. Refer ASX ann
Slide 12: Shallow, wide, high-grade copper mineralisation confirmed
1. Fortuna Project Shallow, wide, high-grade copper mineralisation confirmed • El Quillay host structure is 3km with numerous targets to be tested. For personal use only • Results from initial El Quillay North drillhole (CMEQD002) returned1: – 5.8m @ 0.78% CuEq from 15.2m; and – 26m @ 0.81% CuEq fro
Slide 13: Multiple drill ready targets at the Vaca Muerta prospect
1. Fortuna Project Multiple drill ready targets at the Vaca Muerta prospect • Shallow cover with base of oxidation 25m deep. For personal use only • Oxide mineralogy consists of malachite and chrysocolla. • Sulphide zone is dominated by chalcopyrite and bornite. • Drilling in progress. Long section
Slide 14: Piedra Dura rock chip samples return high-grade copper and gold
1. Fortuna Project Piedra Dura rock chip samples return high-grade copper and gold • Rock chip samples returned high-grade copper and gold For personal use only from surface confirming a 1.1km long by 100m wide copper-gold structure. • Assays returned up to 4.16% Cu and 48.3g/t Au1. 1. Refer ASX ann
Slide 15: Multiple high-grade copper results at Lucero prospect
1. Fortuna Project Multiple high-grade copper results returned at Lucero prospect • Grades up to 5.37% Cu returned from several newly defined For personal use only parallel mineralised structures measuring 950m by 60m. • Significant results included1: • 5.37% Cu (sample #8615); • 4.48% Cu (sample #8
Slide 16: Porphyry copper and gold system at La Florida prospect
1. Fortuna Project Porphyry copper and gold system at La Florida prospect • Large (1.7km x 0.5km footprint) copper-gold porphyry system delineated at La Florida Prospect. For personal use only • Results from surface sampling returned grades up to 3.96% Cu and 2.61g/t Au1. • Mineralisation styles are
Slide 17: Lana Corina: high-grade outcropping copper and molybdenum discovery
2. Lana Corina Project New high-grade outcropping copper and molybdenum discovery Copper equivalent intersections: • CMLCD001: 104m @ 0.81% CuEq from 155m1; For personal use only • CMLCD002: 257m @ 1.10% CuEq from 170m2; • CMLCD003: 173m @ 1.09% CuEq from 313m3; • CMLCD005: 81m @ 1.16% CuEq from 302
Slide 18: Regional potential with outcropping copper targets
2. Lana Corina Project Regional potential with outcropping copper targets over 3km’s of strike For personal use only Lana Corina/Vista Montana long section: Defined targets over >3km of strike (background image is the VOXI 3D magnetic inversion model) (refer ASX announcement 31 August 2022). CULPEO
Slide 19: Planned 2024 advancement schedule
Planned 2024 advancement schedule High impact 1,000m drilling program in progress Project Activity Q1-24 Q2-24 Q3-24 Q4-24 For personal use only Cu Au Mo 1. Fortuna Drill testing at Vaca Muerta ■ Cu Mo 2. Lana Corina Drill testing at Vista Montana ■ Cu Au Mo 1. Fortuna Mapping and litho-geochem at L
Slide 20: A High Impact Copper Portfolio with Multiple Drill Ready Targets
A HIGH IMPACT COPPER PORTFOLIO WITH MULTIPLE DRILL READY TARGETS For personal use only LOCATED IN THE PREMIER COPPER PRODUCING REGION GLOBALLY INVESTMENT HIGHLIGHTS SYSTEMATIC EXPLORATION PROGRAM TO UNLOCK LATENT RESOURCE POTENTIAL CHILEAN COPPER DEVELOPMENT FOR A CLEAN ENERGY THE RIGHT TEAM TO DELI
Slide 21: Appendices
For personal use only APPENDICES
Slide 22: Resource details and copper equivalent calculations
Appendix 1 Resource details and copper equivalent (CuEq) value calculations • Lana Corina Project: refer to ASX announcement “Drilling intersects 169m @ 1.08% Cu up to 3.56% Cu” dated 23 November 2022. For personal use only • Quelon Project: refer to “Company’s Prospectus” dated 23 June 2021, page 4
Slide 23: Competent persons statement
Appendix 2 Competent persons statement The information in this announcement that relates to Exploration Results is based on information compiled by Mr Maxwell Donald Tuesley, BSc (Hons) Economic Geology, MAusIMM (No 111470). For personal use only Mr Tuesley is a member of the Australian Institute of
Slide 24: Earn In Schedules
Appendix 3 Earn In Schedules Lana Corina Stage Time Cash Payment CPO Share Payment (US$) Work Commitment Stage Aggregate (Months from Signing) (US$) Acquisition Culpeo Interest For personal use only Interest 1 Signing 100,000 N/A 0% 0% 2 12 150,000 Complete US$1M expenditure 20% 20% 3 24 250,000 Com
Slide 25: Contact
For personal use only CO N TAC T LEVEL 48. 152-158 ST GEORGES TERRACE PERTH WA 6000 +61 (8) 6311 9160 / +61 416 097 403 info@culpeominerals.com.au max.tuesley@culpeominerals.com.au geoff.mcnamara@culpeominerals.com.au
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