Faraday Copper Corp · TSX:FDY

Faraday Copper — Investor Presentation (March 2023)

48 slides from Faraday Copper's investor presentation, March 2023

  1. Slide 1: Developing U.S. Domestic Copper

    Developing U.S. Domestic Copper ANALYST PRESENTATION March 2023

  2. Slide 2: Cautionary Statement

    CAUTIONARY STATEMENT Some of the statements in this presentation, other than statements of historical fact, are “forward-looking statements” and are based on the opinions and estimates of management as of the date such statements are made and are necessarily based on estimates and assumptions that a

  3. Slide 3: Faraday Copper: Highlights

    FARADAY COPPER: HIGHLIGHTS Building a Premier North American Copper Company ASSET STRATEGY CAPITAL  Copper Creek, Arizona: large  Delivering a PEA in Q2 2023 to  Well-funded with a C$40 M undeveloped copper project demonstrate the economic financing closed Feb 14, 2023 with over 3.9 Blbs of coppe

  4. Slide 4: Faraday Copper: Peer Group

    FARADAY COPPER: PEER GROUP Copper Copper Creek oneofof Creek isisone the the largest only sizabledeveloper-owned developer-owned copper porphyry projects copper porphyry projectsininthe theU.S. U.S. 1 1,2,3 Grade and Contained Copper M&I Mineral Resources Enterprise Value / M&I Mineral Resources (US

  5. Slide 5: Corporate Overview

    CORPORATE OVERVIEW TSX-listed Under the Symbol “FDY” Ownership 33.4% Analyst Coverage 41.0% Strategic Shareholders: 33.4% Institutions: 22.8% Connor Mackay Insiders: 2.8% Other / Retail: 41.0% 2.8% Financial Overview 22.8% C$154.2 M Market Capitalization Top Strategic Shareholders Lundin Family | Mu

  6. Slide 6: Bringing a Senior Mining Company Expertise

    BRINGING A SENIOR MINING COMPANY EXPERTISE MANAGEMENT Paul Harbidge Graham Richardson Dr. Thomas Bissig Zach Allwright Aaron Cohn Angela Johnson Stacey Pavlova President, CEO & Director Chief Financial Officer VP Exploration VP Projects & VP & Country VP Corp Development VP Investor Relations Evalua

  7. Slide 7: Copper Creek

    COPPER CREEK PINAL COUNTY, AZ

  8. Slide 8: Copper Creek: Top Mining Jurisdiction

    COPPER CREEK: TOP MINING JURISDICTION Arizona Ranked Fifth for Investment Attractiveness (Fraser Institute, 2021)  100% owned property in Pinal County, Pinto Valley Arizona, USA Arizona ARIZONA Globe-Miami Resolution  Near mining and service hubs: Ray Morenci ~120 road km northeast of Tucson Saffo

  9. Slide 9: Copper Creek: Large Land Package

    COPPER CREEK: LARGE LAND PACKAGE Ranch Acquisition Provides Potential Synergies and Benefits to De-risk Copper Creek  The Ranch consists of ~6,000 deeded acres (private land) within ~32,000 acres of surface rights through active grazing leases  Strategic benefits of ranch acquisition  Potential l

  10. Slide 10: Copper Creek: Optimization and De-risking

    COPPER CREEK: OPTIMIZATION AND DE-RISKING Supported by over US$80 M of Technical Data GEOTECHNICAL METALLURGICAL Core Logging and Televiewer Flotation Testwork Data Comminution Testwork Stability Analysis Mineralogical Studies Structural and Fragmentation Cu:Mo Separation Analysis Testwork Hydrogeol

  11. Slide 11: Copper Creek: Surface Geology

    COPPER CREEK: SURFACE GEOLOGY Pleistocene to Quaternary Galiuro Volcanics (Paleogene) Laramide Porphyry Laramide Granodiorite Glory Hole Volcanics Mesozoic Sedimentary Rocks Paleozoic Sedimentary Rocks Proterozoic Metasedimentary Rocks Proterozoic Intrusive Rocks Veins Interpreted faults faradaycopp

  12. Slide 12: Copper Creek: Surface Vein Mapping

    COPPER CREEK: SURFACE VEIN MAPPING faradaycopper.com I page 12

  13. Slide 13: Copper Creek: Geophysical Data

    COPPER CREEK: GEOPHYSICAL DATA Aeromag Reduced to Pole Ground Magnetics Reduced to Pole ZTEM inversion 350m depth slice A ZTEM inversion through Mammoth Bx, NE-SW section A’ A faradaycopper.com I page 13

  14. Slide 14: Copper Creek: Surface Geochemistry

    COPPER CREEK: SURFACE GEOCHEMISTRY Well defined zonation with Cu and Mo in the core and a Mn-Zn halo Sb anomalies extending to NW and S faradaycopper.com I page 14

  15. Slide 15: Copper Creek: Alteration

    COPPER CREEK: ALTERATION  District hydrothermal alteration dominated by secondary biotite and patchy K-feldspar  Quartz tourmaline primarily in breccia pipe cement and disseminated in mineralizing porphyry textured rocks  Silicification and sericite alteration governed by sheeted vein and breccia

  16. Slide 16: Copper Creek: Age Dating

    COPPER CREEK: AGE DATING  Lithologies  Glory Hole Volcanics: 63 Ma  Copper Creek Batholith: 62 Ma  Porphyry Phases (6): 62 - 61 Ma  Mineralization  Molybdenite: 61 - 58 Ma  Alteration  Sericite: 62 - 60 Ma faradaycopper.com I page 16

  17. Slide 17: Copper Creek: Large Mineralized System

    COPPER CREEK: LARGE MINERALIZED SYSTEM DEEP/EARLY MINERALIZATION SHALLOW/LATE MINERALIZATION 1 cm Quartz-sericite alteration A-vein, K-spar alteration, Breccia chalcopyrite- Myarolitic Cavity Early Halo Vein with molybdenite and anhydrite chalcopyrite D-veins quartz cement faradaycopper.com I page 1

  18. Slide 18: Copper Creek: Paragenetic Sequence

    COPPER CREEK: PARAGENETIC SEQUENCE American Eagle: K-feldspar American Eagle: quartz vein cut by A-vein tourmaline vein with sericite halo faradaycopper.com I page 18

  19. Slide 19: Copper Creek: Geological Model

    COPPER CREEK: GEOLOGICAL MODEL Two Styles of Mineralization Allow for Open Pit and Underground Optionality Legend  Mineralization centred on Copper Creek Vein batholith (Laramide age) Breccia  Emplaced into Precambrian and Paleozoic Porphyry sediments and Paleocene Glory Hole Volcanics Copper Cree

  20. Slide 20: Copper Creek: Geological Model

    COPPER CREEK: GEOLOGICAL MODEL Batholith Zonation SE NW Cu %  Copper Creek Batholith (~62 Ma) intrudes Glory Hole American Eagle Volcanics (~63 Ma) in the west and Proterozoic Old Mammoth metamorphic rocks in the east Reliable  Th/Sc ratios show batholith zonation with the highest Diorite border c

  21. Slide 21: Copper Creek: Geological Model

    COPPER CREEK: GEOLOGICAL MODEL Alteration  Alteration of early-halo veins consist of A Mammoth American Eagle B Feldspar Alteration Diagram biotite-muscovite-sericite-potassium feldspar  More intense potassic alteration localized in the Keel zone (magmatic cupola)  Some early-halo veins are explo

  22. Slide 22: Copper Creek: Geological Model

    COPPER CREEK: GEOLOGICAL MODEL MRE Underpinned by Geological Model Key takeaways  Integration of multiple empirical datasets NW SE  Main deposit is comprised of the Mammoth and deep Keel system  Dimensions: ~430 m x 270 m with 1,430 m vertical extent  Highest grades of mineralization near surfac

  23. Slide 23: Copper Creek: Mineral Resources (July 2022)

    COPPER CREEK: MINERAL RESOURCES (July 2022) MRE is Supported by >200,000 m of Drilling, 83% of Resource is M&I Tonnes Cu Mo Ag CuEq Cu Mo Ag CuEq Category  Geologically constrained (Mt) (%) (%) (g/t) (%) (Mlbs) (Mlbs) (Moz) (Mlbs) Open Pit NI 43-101 MRE  Open pit and M&I 84.6 0.55 0.009 1.3 0.58 1

  24. Slide 24: Significant Scale

    COPPER CREEK: SIGNIFICANT SCALE Offers Upside Potential due to Limited Drilling Between Breccias and Underground Open Pit Grade Distribution A 1,300RL Globe Copper A Copper Prince Old Reliable A’ N Prince Marsha 1,200RL OPEN PIT Old Childs Reliable Aldwinkle 1,100RL A’ Mammoth Bald 100 metres 500 me

  25. Slide 25: Copper Creek: Grade-Tonnage Sensitivity

    COPPER CREEK: GRADE-TONNAGE SENSITIVITY Offers Optionality for Higher-Grade or Larger-Tonnage Operation Open Pit Mineral Resources Sensitivity Measured and Indicated Inferred Cut-off Grade Tonnes CuEq Grade Contained Metal Tonnes CuEq Grade Contained Metal (CuEq %) (Mt) (CuEq %) (CuEq Mlb) (Mt) (CuE

  26. Slide 26: Copper Creek: Metallurgical Test Work

    COPPER CREEK: METALLURGICAL TEST WORK High Metal Recoveries and Clean Quality Concentrate  18 composites tested for metallurgical recoveries  Open cycle Cu-Mo second cleaner flotation testing supports copper recoveries of 92% in Sulphide domain  Sulphide domain represents 92% of total MRE tonnes

  27. Slide 27: Copper Creek: Metallurgical Test Work

    COPPER CREEK: METALLURGICAL TEST WORK MSRDI Consultants (1997) METCON (2008 - 2012) Rougher flotation tests on 4 composite samples: Rougher flotation tests were on 14 composite samples  3 composites [Childs Aldwinkle breccia]  Keel & American Eagle  1 composite [Mammoth breccia]  Mid grade Globe

  28. Slide 28: Copper Creek: Technical Study Evolution

    COPPER CREEK: TECHNICAL STUDY EVOLUTION Mass Mining Options from Open Pit & Underground: Historically Deemed Viable 1997 AMT FS (50% earn-in from BHP). Included Childs Aldwinkle, Mammoth and Old Reliable for 5,000tpd 1997 Independent review (value engineering) 2000 AMT FS update. Lower Mammoth-Keel

  29. Slide 29: Copper Creek: Potential Infrastructure

    COPPER CREEK: POTENTIAL INFRASTRUCTURE Property Presents Optionality on Infrastructure Placement  All infrastructure prioritizes private surface  Potential mill placement ~2 km to the west of mining activity, situated on favorable topography  PEA will investigate material handling options, includ

  30. Slide 30: Copper Creek: Potential Infrastructure

    COPPER CREEK: POTENTIAL INFRASTRUCTURE Potential Mill Location Isometric view looking northeast faradaycopper.com I page 30

  31. Slide 31: Copper Creek: Independent Consultants

    COPPER CREEK: INDEPENDENT CONSULTANTS Updated Mineral Resource Estimate and Preliminary Economic Assessment  SRK Consulting, Ausenco Engineering, Call & Nicholas Deliverable Consultant Location Scope (CNI) and Westland to deliver an updated MRE and PEA Mineral in Q2 2023 Resource SRK Denver Deliver

  32. Slide 32: Exploration

    “S| FARADAY COPPER EXPLORATIO!

  33. Slide 33: Copper Creek: Phase I Drill Program Results

    COPPER CREEK: PHASE I DRILL PROGRAM RESULTS Intersected Significantly Higher-Grade Mineralization in the UG Footprint at Keel A A’ Legend A Mammoth Pit Shell with Mineral Resource Model (July 2022) 006 N Looking Northeast Historic drill hole trace Old Reliable Mammoth Underground Footprint Open pit

  34. Slide 34: Copper Creek: Phase I Drill Program Results

    COPPER CREEK: PHASE I DRILL PROGRAM RESULTS Defined New Near-Surface Mineralized Zones 26.0 m at 0.76% Cu, A’ 0.67 g/t Ag, from surface A Mammoth 002 003 Breccia Glory Hole Copper Giant N 004 34.0 m at 0.34% Cu, Copper Prince Holly 1.08 g/t Ag, from 14.0 m 34.0 m at 2.61% Cu, Marsha including Copper

  35. Slide 35: Copper Creek: Phase II Drill Program

    COPPER CREEK: PHASE II DRILL PROGRAM Targeting New Discoveries Glory  Ongoing 10,000-metre diamond drill program Hole N  Expanding mineral resource  Better delineating high-grade mineralized Marsha zones Copper Prince  Reconnaissance drilling on new targets Old Reliable Childs Aldwinkle Mammoth

  36. Slide 36: Copper Creek: Phase II Drill Program Results

    COPPER CREEK: PHASE II DRILL PROGRAM RESULTS Upside from Massive Copper Sulphide Below Open Pit Resource Shell A Copper Prince Breccia A’ N A Glory Hole Copper Giant Holly Copper Prince Copper Duchess Drill Hole Historical drill A’ Assay Results Block Model hole trace Copper Grade Copper Grade Open

  37. Slide 37: Copper Creek: Phase II Drill Program Results

    COPPER CREEK: PHASE II DRILL PROGRAM RESULTS High-grade Continuity in Open Pit Copper Knight Breccia A’ N A Glory A Hole Copper Giant 33.77 m at 3.43% Cu, 2.53 g/t Ag, 0.04 g/t Au, from Holly Copper 38.10 m Copper Knight Prince A’ Copper Duchess Historical drill hole trace Open pit shell Drill Hole

  38. Slide 38: Copper Creek: District Exploration Upside

    COPPER CREEK: DISTRICT EXPLORATION UPSIDE Untested Upside: ~90% of the >200,000 m of Drilling is in the Resource Area Mineral Rum Reserves Gin 7 Bluebird Mineral Resource Prospect Targets Canyon FW 5 Prospect Advanced Targets Canyon S-23 HW Pisco 9 Sycamore Follow-up Targets SW- Wedge SE 12 Area Ide

  39. Slide 39: ESG Framework

    ESG FRAMEWORK Bringing a Senior Company Approach TECHNICAL EXCELLENCE ENVIRONMENT Utilizing empirical evidence to support technical decisions A responsible steward of the natural environment  MRE underpinned by a geological model  On-going baseline and monitoring programs, U.S.  Empirical data su

  40. Slide 40: Project Timeline & Milestones

    PROJECT TIMELINE & MILESTONES Continuing to Deliver Key Milestones 2022 2023 2024 Copper Creek, Arizona Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Environmental data gathering Strategic review of existing data Phase 1 diamond drilling Geological model Mineral resource estimate Geotechnical studies Metallur

  41. Slide 41: Developing U.S. domestic copper

    Developing U.S. domestic copper  Scarcity of development-ready copper projects  Large undeveloped Mineral Resource  Significant exploration upside

  42. Slide 42: Appendix

    FARADAY COPPER APPENDIX

  43. Slide 43: Copper Creek: Mineral Resources (July 2022)

    COPPER CREEK: MINERAL RESOURCES (July 2022) Grade Contained Metal Category Tonnes (Mt) Cu Mo Ag CuEq Cu Mo Ag CuEq (%) (%) (g/t) (%) (Mlbs) (Mlbs) (Moz) (Mlbs) Open Pit (OP) Measured 38.9 0.68 0.010 1.8 0.72 584.2 8.7 2.2 614.6 Indicated 45.7 0.44 0.007 0.9 0.46 446.4 7.2 1.3 467.8 M&I 84.6 0.55 0.0

  44. Slide 44: Copper Creek: Notes to Mineral Resources

    COPPER CREEK: NOTES TO MINERAL RESOURCES  The Mineral Resources in this estimate were calculated using the CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines (CIM, 2014) prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council.  All dollar a

  45. Slide 45: Copper Creek: MRE Assumptions & Methodology

    COPPER CREEK: MRE ASSUMPTIONS & METHODOLOGY Key Assumptions Methodology Open Pit  Grade estimation based on parent blocks of 20 m (X-Y-Z)  Reasonable prospects for eventual economic extraction (“RPEEE”)  Raw assay samples were averaged into 6.1 m composites constrained within estimation domains a

  46. Slide 46: Copper Creek: Project History

    COPPER CREEK: PROJECT HISTORY Year Year 1903 Copper Creek Mining Company acquired claims AMT acquired Copper Creek from Magma and conducted extensive drilling, 1994 geochemical sampling, ground magnetic and radiometric surveys Calumet and Arizona Mining Company (C&A) explored the Copper Giant, Coppe

  47. Slide 47: Copper Creek: Grade-Tonnage Curves

    COPPER CREEK: GRADE-TONNAGE CURVES Grade-Tonnage Curve: Open Pit M&I Mineral Grade-Tonnage Curve: Open Pit Inferred Mineral Resources Resources 180 1.4 70 1.2 160 60 Average CuEq grade above cut-off (%) 1.2 Average CuEq grade above cut-off (%) 1 140 Tonnes above cut-off (Mt) Tonnes above cut-off (Mt

  48. Slide 48: Contact Information Stacey Pavlova

    CONTACT INFORMATION STACEY PAVLOVA Suite 250, 200 Burrard Street VP Investor Relations Vancouver, BC Canada 778-730-1067 www.faradaycopper.com info@faradaycopper.com

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