Atex Resources Inc. · TSX:ATX
Atex Resources — Investor Presentation (February 2025)
32 slides from Atex Resources's investor presentation, February 2025
Slide 1: Valeriano Copper-Gold Project
VALERIANO COPPER-GOLD PROJECT Copper for a Sustainable Future A Giant Discovery in a Globally Strategic District in Chile February 2025 TSXV: ATX
Slide 2: Cautionary Statements
Cautionary Statements FORWARD LOOKING STATEMENTS QUALIFIED PERSONS This presentation contains forward-looking statements, including predictions, projections, and forecasts. Often, but not always, forward-looking Dr. Owen Hatton, PhD, MAusIMM, registered with the Australasian Institute of Mining and
Slide 3: A Unique Investment Opportunity
A Unique Investment Opportunity Significant and growing Mineral Resource with previously reported 2023 Inferred Resource of 1.41 billion tonnes of Cu-Au grading 0.67% CuEq1 Successful Phase IV drill program sets up a catalyst rich Phase V program (which has already delivered the highest grades), lea
Slide 4: Chilean Explorer Advancing a Rare Copper Deposit
Chilean Explorer Advancing a Rare Copper Deposit ATEX owns a 100% interest in the Valeriano Project, earn-in completed on December 19, 2024, ahead of schedule Board and Management has a strong track record of contributing to significant South American discoveries Achieving success in a short timefra
Slide 5: Valeriano is on the Porphyry Superhighway
Valeriano is on the Porphyry Superhighway Lundin / JX Metals Copiapó CASERONES PERU Valeriano Project is located in the Huasco NGEx NGEx LOS HELADOS VICUÑA Province within the Atacama Region of Huasco Teck / Newmont RELINCHO LUNAHUASI Lundin / BHP SOUTHERN PERU JOSEMARIA northern Chile, ~151 km sout
Slide 6: Porphyry Trend Indicates a World Class District is Forming
Porphyry Trend Indicates a World Class District is Forming Codelco (Torrente) Valeriano and El Encierro projects are 6 km apart with both hosting significant mineral resources and potential for further growth Over 2 billion tonnes already defined along the trend with significant exploration plans un
Slide 7: Two-Phase Metallurgical Results Show High Cu-Au Recoveries
Two-Phase Metallurgical Results Show High Cu-Au Recoveries LONG SECTION - Facing 060 (NE) 4,500 • Robust Copper and Gold Recoveries – Total copper and gold recoveries ranging from 92% to 95% and 90% to 97% • Marketable Concentrate Grades – Up to 33% Cu and 15 g/t Au, attractive to global smelters, w
Slide 8: Favorable Topography for a Potential U/G Mining Operation
Favorable Topography for a Potential U/G Mining Operation EL ENCIERRO VALERIANO 4,300 masl 500m 3,800 masl 3,600 masl 200 m 2023 RPEEE ATXD23AV 0.3 % Cu grade shell (~2.4 Bt) 618m @ 1.13 % CuEq Incl. 342m @ 1.52 % CuEq 3,200 masl Incl. 286m @ 1.69 % CuEq Incl. 216m @ 1.93 % CuEq ATXD16BV Incl. 152m
Slide 9: Results Outline Scalable Deposit with High-Grade Optionality
Results Outline Scalable Deposit with High-Grade Optionality High-Grade Expanding High-Grade Multiple Continuously Mineralized Overprinting Breccia Core within Porphyry Intervals of > 0.3% Cu and ~1,000m long System – B2B Zone ATXD17II ATXD11BIII ATXD16AIV ATXD17II ATXD16AIV 1,342.5 m of 0.70% 1,160
Slide 10: A Tale of Two Deposits – Porphyry and HG Breccia System
A Tale of Two Deposits – Porphyry and HG Breccia System • Phase IV vastly improved the understanding of the geometry of the Valeriano system and demonstrated more continuity of the higher-grade core and potential for high-grade mineralization closer to surface • Discovered overprinted high- grade br
Slide 11: Phase V Drill Program – B2B Zone High Grade Breccias
Phase V Drill Program – “B2B Zone” High Grade Breccias Step-out drilling is extending strike length of the high-grade overprinting breccia system closer to surface • ATXD23A is a 130m extension to the high-grade breccia mineralization intersected in ATXD26; full assay results still pending Record
Slide 12: Phase V Program – B2B Zone Highest Grade New Discovery
Phase V Program – B2B Zone Highest Grade New Discovery Longitudinal Section – Looking East VALERIANO COPPER-GOLD PROJECT: Copper for a Sustainable Future TSXV: ATX 12
Slide 13: Phase V Drill Program – Cu/Au Valeriano Porphyry Targets
Phase V Drill Program – Cu/Au Valeriano Porphyry Targets • ATXD16B daughter hole from ATXD16A testing for SE extensions to high grade mineralization Intersected mineralized EP from a depth of ~1,300m and extending porphyry footprint ~120m to the SE of ATXD16A • ATXD25A paused at end of Phase IV at
Slide 14: Phase V Drill Program – Higher Quality and Confidence
Phase V Drill Program – Higher Quality and Confidence LONG-SECTION FACING NE 2 km near-surface > 0.3 % Cu High-Grade Breccia and Cu/Au Phase V focused on quality Porphyry Targets over quantity DDH-V8 • 5 rigs currently Up to 40% Cu CuEq (%) drilling testing B2B, Breccia Target Histogram and Traces h
Slide 15: Upcoming Milestones and Catalysts
Upcoming Milestones and Catalysts 2022 2023 2024 2025 Q1 2022: Q1 2023: Q1 – Q2 2024: H1 2025: Geophysical results Awarded Top 50 TSX.V Phase IV drill results Q2 2024: Phase V drill results Q2 2022: Q3 2023: Strengthened Completion of Phase II Earned 49% interest management team and board Q2 2022: Q
Slide 16: Financial Position
Financial Position Research Coverage Target Price Warrants Schedule (Jan 31, 2025) Paradigm Capital Price Number Total Proceeds $2.25 Securities David Davidson (C$) (000s) (000s) (C$,000s) Desjardins Shares o/s 276,217 $3.50 Allison Carson Warrants 45,214 Cormark Securities $3.00 Stefan Ioannou Aug
Slide 17: Cornerstone Strategic Investor
Cornerstone Strategic Investor C$55 million (US$40 million) strategic investment in ATEX by Agnico Eagle “We are excited to welcome Agnico Mines, a leading senior miner with high quality assets and geopolitical profile Eagle as a strategic investor. Agnico is recognized as one of the preeminent mini
Slide 18: Stock Performance and Key Announcements
Stock Performance and Key Announcements $2.50 ATEX Peer Group (Indexed to ATEX) Copper Price (Indexed to ATEX) 12,000 Total Return 10,000 $2.00 ATEX: 167% Peer Group: 13% O Copper Price: 16% 8,000 KL M $1.50 Share Price (C$) D N Volume (000s) C F J E G H I 6,000 $1.00 B A 4,000 $0.50 2,000 $0.00 0 J
Slide 19: Positioning ATEX (Valeriano Ex-Phase IV and V Drilling)
Positioning ATEX (Valeriano Ex-Phase IV and V Drilling) Valeriano Filo del Sol7 Los Helados Cascabel Warintza Ownership % 100% 100% 69% 100% 100% Country - Chile Argentina / Chile Chile Ecuador Ecuador Stage of Projects - Exploration Pre-Feasibility Exploration Pre-Feasibility Exploration Mine Type
Slide 20: ESG Initiatives – Taking Care of the Environment
ESG Initiatives – Taking Care of the Environment Environmental monitoring – gathering Installation of air monitoring stations critical data for environmental baselines to assess air quality Starlink WiFi antennas allow residents to connect to the internet securely and consistently Proper waste manag
Slide 21: ESG Initiatives – Community Engagement and Diversity
ESG Initiatives – Community Engagement and Diversity DIVERSE WORKFORCE • 31% of ATEX’s workforce are women • 48% of ATEX's workforce is from the Province of Huasco PreparATEX – Professional Development of Locals • Second edition of PreparATEX in 2024, expanding offering including new courses includi
Slide 22: A Dedicated Management Team
A Dedicated Management Team Ben Sheila Aman Dr. Owen Dr. Felipe M. Pullinger Magallon Atwal Hatton Pinheiro President, CEO Chief VP, Business Director of General Manager and Director Financial Development & Exploration and Director of Officer Investor Relations Sustainability • Geologist with over 1
Slide 23: A Strong Board with a Diverse Skill Set
A Strong Board with a Diverse Skill Set Craig Nelsen, Ben Pullinger, Alejandra Wood, Jamile Cruz, Chris Beer, Rick McCreary, Chairman President, CEO, Director Director Director Director Director • Geologist with over 40 • Geologist with over 19 • Over of 20 years of • Over 20 years of • Over 30 year
Slide 24: ATEX Resources Inc.
ATEX Resources Inc. 1001 – 360 Bay St., Toronto, ON, M5H 2V6 www.atexresources.com Ben Pullinger President and CEO bpullinger@atexresources.com Aman Atwal VP, Business Development and Investor Relations aatwal@atexresources.com VALERIANO COPPER-GOLD PROJECT: Copper for a Sustainable Future TSXV: ATX
Slide 25: Phase IV Drill Results
Phase IV Drill Results CuEq CuEq CuEq Met Notes: From To Interval2 Cu Au Ag Mo Hole ID(4,6) MRS(1) In Situ(2) Results(3) 1. CuEq calculated using recoveries assumed in 2023 MRE (90% Cu, 70% Au, (m) (m) (m) (%) (g/t) (g/t) (g/t) (%) (%) (%) 80% Ag and 60% Mo) (See Company news dated September 12, 202
Slide 26: Copper-Gold Porphyry Mineral Resource Summary
Copper-Gold Porphyry Mineral Resource Summary Metal contribution by $ Cu Ag Cu Ag Inferred Inferred within the Resource Copper 15.5 Blbs Silver 43.6 Moz Au Cu 23% Au Mo 70% Au Mo Inferred Inferred Ag 1% Gold 9.01 Moz Molybdenum 90.1 kt Mo 6% Mineral Resource Statement, Valeriano Project, Atacama Reg
Slide 27: September 2023 Mineral Resource Statement
September 2023 Mineral Resource Statement Valeriano Project, September 1, 2023 Quantity Grade Contained Metal Inferred Mineral Cut-Off Tonnes Cu Au Ag Mo CuEq* Cu Au Ag Mo Resource Grade (millions) (%) (g/t) (g/t) (g/t) (%) Mt koz koz kt Au Epithermal 0.28 32.1 - 0.54 2.43 - - 557 2,511 - Open Pit g
Slide 28: Top 10 Undeveloped Copper Projects in the World
Top 10 Undeveloped Copper Projects in the World • Valeriano is a new and globally significant copper discovery on its way to becoming a top tier project, currently containing 7.06 Mt (15.6 B lbs) of copper at a 0.4% Cu cut-off-grade (“COG”)1 and 10.4 Mt (23 B lbs) of copper at 0.3% COG 10 Largest Un
Slide 29: South American Resource Landscape
South American Resource Landscape • Valeriano ranks amongst the higher-grade copper projects in South America and en route to the top right quadrant Source: BMO Capital Markets, S&P Market Intelligence VALERIANO COPPER-GOLD PROJECT: Copper for a Sustainable Future TSXV: ATX 29
Slide 30: Path to Significant Value Creation (ATEX vs. Filo)
Path to Significant Value Creation (ATEX vs. Filo) Results ATEX Events 2021 2022 2023 2024 Mkt $20M Mcap $60M Mcap $200M Mcap $390M Mcap Cap Filo Results Events Mkt 2021 2022 2023 2024 Cap 2020 $1.3B Mcap $2.4B Mcap $2.6B Mcap + $4B Mcap $160M Mcap VALERIANO COPPER-GOLD PROJECT: Copper for a Sustain
Slide 31: Path to Significant Value Creation (ATEX vs. NGEx)
Path to Significant Value Creation (ATEX vs. NGEx) Results ATEX Events 2021 2022 2023 2024 Mkt $20M Mcap $60M Mcap $200M Mcap $390M Mcap Cap NGEx Results Events Mkt 2021 2022 2023 2024 Cap $215Mcap $575M Mcap $1.3B Mcap $2.7B Mcap VALERIANO COPPER-GOLD PROJECT: Copper for a Sustainable Future TSXV:
Slide 32: Notes on Reported Exploration Results and QAQC Procedures
Notes on Reported Exploration Results and QAQC Procedures Notes on Drill Results • All intervals are reported as core lengths as the true lengths of the intervals are unknown at this time. • Copper Equivalent (CuEq) is calculated assuming US$ 3.15/lb Cu, US$ 1,800/oz Au, US$ 23/oz Ag, and US$ 20/lb
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