Luca Mining Corp · TSXV:LUCA
Luca Mining — Investor Presentation (February 2026)
25 slides from Luca Mining's investor presentation, Feb 4, 2026
Slide 1: Optimization Exploration Expansion
February 2026 TSX-V: LUCA | OTCQX: LUCMF | FRANKFURT: Z68 | L U C A LMUI CNAI MN IGN .I C NGO .M COM 1 Optimization Exploration Expansion
Slide 2: Forward Looking Statements
LUCAMINING.COM 2 Canadian regulatory agencies and available at www.sedarplus.ca. The Company Company’s anticipated future business operations. The Company disclaims any FORWARD LOOKING STATEMENTS believes that the expectations reflected in Forward-Looking Information in this Corporate Presentation a
Slide 3: Mexico Mining Experts
LUCAMINING.COM 3 MEXICO MINING EXPERTS Some of the largest mining companies in the world Mining in Mexico surround us in Mexico We know Mexico - and our experienced management team and our knowledge of the Mexican mining landscape give us a competitive advantage 3
Slide 4: Our Metal Breakdown
LUCAMINING.COM 4 OUR METAL BREAKDOWN ~50/50 Precious and Base metals YTD 2025 (9-Months) Revenue by Metal - Consolidated 18% COPPER Copper 20% Gold 37% Zinc 23% Lead 2% Silver 18% 4
Slide 5: The Luca Story
LUCAMINING.COM 5 The Luca Story TAHUEHUETO 2 Fully permitted operating mines in DE-RISKED OPERATIONS Fully permitted No further major capex required FREE CASH FLOW 2025 ESTIMATE Beat Revised Guidance of $5 to $10 million Dec 31: Increased cash to $25.5 million from US$15.9M at Sept 30 Mexico produci
Slide 6: Our Plan
LUCAMINING.COM 66 Commission Tahuehueto Our Plan Commercial production achieved Q1/25. Record 970tpd in Q3 +190% y/y increase Explore Tahuehueto …underway 2026 First assays in over a decade – exciting new gold zones discovered. Drilling at Santiago returning wide, high-grade gold Ramp up Campo Mor
Slide 7: Three-Year, US$25 Million Exploration Program to Unlock Gold Potential
LU LUCC AMAM I NI N I NI N GG. C. C OOMM 7 7 Three-Year, US$25 Million Exploration Program to Unlock Gold Potential at Campo Morado and Tahuehueto District-scale gold discovery potential across Luca's two producing mines • 80,000 metres of diamond drilling (surface & underground) • To expand and def
Slide 8: What this Means
LUCAMINING.COM 8 What this Means Our mines are permitted, Our mines have Luca is heading towards re-ranking in production and development and resource as a mid-tier producer generating cash flow – upside and optimization at our foundation on which to both projects is ongoing grow Clean balance sheet
Slide 9: The Skills We Bring to De-risk M&A
LUCAMINING.COM 9 The Skills We Bring to De-risk M&A: FINANCIAL OPERATIONS Luca has the expertise to restructure and recapitalize Luca has the ability to turn around and optimize on accretive terms for shareholders mining assets Since Jan 1, 2024, debt has been reduced Campo Morado throughput inc
Slide 10: Campo Morado
LUCAMINING.COM 10 GLOBAL M&I GOLD ZINC COPPER SILVER LEAD 16.6 Mt M&I 700 Koz M&I 1.2 Blbs M&I 0.2 Blbs M&I 62 Moz M&I 0.3 Blbs M&I CAMPO Location Guerrero State 121 sq km Processing 2,400 tpd throughput capacity (crushing, milling, flotation) MORADO Ownership 100% 2025E Production Achieved Revised
Slide 11: Reforma and El Rey
LUCAMINING.COM 11 Reforma and el Rey Un-mined Deposits Higher Precious Metals Grades First drilling in >10 years July 7, 2025: First Surface Drill Result at Reforma 15.1 metres of 13.4 g/t AuEq (5.35 g/t Au, 187.48 g/t Ag, 0.31% Cu, 8.39% Zn, 2.75% Pb) Aug 27, 2025: Additional Drill Results at Refor
Slide 12: Exploration Upside at Campo Morado
L U CC A AMM II N N II NN GG .. CC OOM M 12 Main Declines, Development exploration upside G9, Naranjo and Largo Ore Bodies at Campo morado • Well-defined, drilled and developed ore bodies • Expand gold and silver-rich Mineral Resources • 38 exploration targets • >12,000-hectare mining concession • >
Slide 13: Campo Morado 4.0 – Gold Opportunity
LU LUCC AMAM I NI N I NI N GG. C. C OOMM 1313 Campo Morado 4.0 – Gold Opportunity 4 3 implementation • Modifications to processing circuit 2 Economics can be implemented efficiently • An increase in recovery and 1 metallurgy grade could materially • No major new permit requirements • Cyanidation for
Slide 14: Reforma – The Future of Campo Morado
LUCAMINING.COM 14 Reforma – The future of campo morado • Current Mining Areas: Southwest, G9 Zones, El Largo • Large stopes 40m wide, Reforma: -2028 and beyond productive, low-cost mining -Higher gold grades • 2024 mining cost: $35/t -Efficient mining -Shorter haul to mill • Starting in 2028: Reform
Slide 15: Tahuehueto
LUCAMINING.COM 15 GLOBAL M&I GOLD ZINC COPPER SILVER LEAD 6.3 Mt M&I 425 Koz M&I 273 Mlbs M&I 36 Mlbs M&I 9 Moz M&I 123 Mlbs M&I Tahuehueto Location Durango State 100 sq km Processing 1,200 tpd throughput capacity (crushing, milling, flotation) Ownership 100% 2025E Full Year Achieved Revised Guidanc
Slide 16: Tahuehueto
LUCAMINING.COM 16 Tahuehueto LEVEL 12 & 14 PORTALS LEVEL 20 PORTAL CRUSHING CIRCUIT MINE CAMP PROCESS PLANT 16
Slide 17: Transformative Exploration Potential at Tahuehueto
LUCAMINING.COM 17 Transformative exploration potential at tahuehueto CONNECTING CRESTON/EL PERDIDO TO SANTIAGO Drilling is underway to investigate the highly prospective gap between El Perdido and Santiago with two active rigs Zones are open along strike and to depth EARLY RESULTS CONFIRM GROWTH POT
Slide 18: Luca Corporate Stats
LUCAMINING.COM 18 2.50 Luca corporate stats PRICE 2.00 CHART 1.50 One Year LUCA LUCMF Z68 1.00 TSXV OTCQX Frankfurt 0.50 Shares 269 million Outstanding 0.00 Fully Diluted 290 million Market Cap C$551 million (C$2.05/share) (Feb 4, 2026) ANALYSTS 52 Week C$2.16 high Haywood Buy C$4.50 C$0.88 low SHAR
Slide 19: A Strong Board of Directors
LUCAMINING.COM 19 A strong Board of directors Mine builders | Opportunity driven Phil Brumit DIRECTOR Peter Damouni CHAIRMAN, DIRECTOR Mr. Brumit is a mining executive with over 40 years of experience in Over 20 years of corporate and investment banking experience with a property evaluation, enginee
Slide 20: A Strong Management Team
LUCAMINING.COM 20 A strong MANAGEMENT TEAM Effective Execution Dan Barnholden, CEO Dan Barnholden is a seasoned professional with over 20 years of experience in senior mining investment banking roles at bank-owned Ramon Mendoza M.Sc., P.Eng. COO & CTO and boutique dealers in Toronto and Vancouver .
Slide 21: What's Next
LUCAMINING.COM 21 What’s next We see a near-term With significant And longer term valuation re-rating additional upside growth ahead The Campo Morado Production upside at both mines M&A growth copper/zinc/gold/silver mine has Targeting doubling production in the Targeting mid-tier ranking with under
Slide 22: Thank You
LUCAMINING.COM 22 Thank You LUCAMINING.COM TSX-V: LUCA OTCQX: LUCMF FRANKFURT: Z68
Slide 23: Appendix
LUCAMINING.COM 23 APPENDIX 23
Slide 24: Campo Morado Resources
LUCAMINING.COM 24 Campo Morado Resources RESOURCES (NI 43-101 Compliant, March 2018) 24
Slide 25: Tahuehueto Resources
LUCAMINING.COM 25 Tahuehueto resources RESERVES & RESOURCES (NI 43-101 Compliant, April 2022) 25