Chakana Copper Corp. · TSXV:PERU
Chakana Copper — Investor Presentation (March 2024)
38 slides from Chakana Copper's investor presentation, March 2024
Slide 1: Soledad Project
chakanacopper.com TSX.V: PERU | OTCQB: CHKKF | FRA: 1ZX Soledad Project Cu-Au-Ag Discovery in the Land of Giants Corporate Presentation – March 2024
Slide 2: Safe Harbour Statement
STATEMENT 2 SAFE HARBOUR This presentation (“Presentation”) does not constitute an offer of any securities for sale expressed or implied by the forward-looking statements. These risks, uncertainties and or a solicitation of an offer to purchase any securities . This Presentation, and the other facto
Slide 3: Company Snapshot Highlights
COMPANY SNAPSHOT 3 HIGHLIGHTS ◆ New Cu-Au-Ag discovery with initial high-grade inferred resource open at depth: – 4.8 Mt 0.97% Cu, 0.72 g/t Au, and 61 g/t Ag underground – 1.9 Mt 0.65% Cu, 1.29 g/t Au, and 37.1 g/t Ag open pit – 130 million pounds Copper, 191,000 ounces Gold, 11.7 million ounces Sil
Slide 4: Minerals for Climate Action
CLEAN ENERGY TRANSITION 4 MINERALS FOR CLIMATE ACTION “By 2030, copper demand will grow 600%.... $6.80/lb by 2025” Goldman Sachs, April 13, 2021 https://pubdocs.worldbank.org/en/961711588875536384/Minerals-for-Climate-Action-The-Mineral-Intensity-of-the-Clean-Energy-Transition.pdf TSX.V: PERU | OTCQ
Slide 5: Investor Snapshot Share Structure
INVESTOR SNAPSHOT 5 SHARE STRUCTURE Gold Fields March 20, 2024 Management 18.4% & Insiders 7.2% Shares Outstanding 251,773,069 High Net Warrants 109,634,299 Worth 17.4% Options 10,025,000 Institutional 25% Fully Diluted 371,437,368 Retail 32% Market Cap (Mar 20, ‘24) CDN$22.6M Share Price (Mar 20, ‘
Slide 6: Experienced Board & Management
EXPERIENCED 6 BOARD & MANAGEMENT Directors M.Sc Economic Geology, 40+ years in the industry. Senior roles with Anaconda, Bond International Gold, Balfour Douglas Silver Holdings, co-founded International Royalty Corporation. Portfolio manager for Red Kite Management and for Chairman & Director Orion
Slide 7: ESG Programs
SOLEDAD PROJECT 7 ESG PROGRAMS Chakana’s ESG Policy Debuted on the Website in January ‘22 Environmetal Programs Social Programs • Baseline studies • Employment • Air, water, soil Monitoring • Community participation E • Covid relief • Community gardens • Dust control • Textile program • Tree plantin
Slide 8: Mining in Peru Location
MINING IN PERU 8 LOCATION Ancash – Premiere Mining Province ◆ 30 km S of Barrick’s Pierina Gold mine; 60 km WSW Teck’s Antamina mine ◆ Cordillera Negra within Peru’s highly mineralized Miocene copper-gold belt ◆ Aija-Ticapampa mining district: 4 active mines, 2 processing plants ◆ Excellent infrastr
Slide 9: Peru Copper Production 2009-2022
PERU 9 COPPER PRODUCTION 2009-2022 Forecast 2023 2.7 5 Presidents in last 4 years! 2024 2.8 Peru Copper Production 2009 to 2022 (m tonnes) Sagasti Garcia Humala PPK Vizcarra Castillo Covid https://www.statista.com/statistics/789003/copper-production-peru/ TSX.V: PERU | OTCQB: CHKKF | FRA: 1ZX
Slide 10: Aija-Ticapampa District
SOLEDAD PROJECT Aija-Ticapampa District AIJA-TICAPAMPA DISTRICT Ancash, Peru Lincuna Chakana Active mining district with ▪ 4 mines and 2 concentrate plants Plant Tailings ▪ 150 km2 district footprint ▪ Grid power, improved roads, water ▪ Supportive communities, local M-G skilled labor Hercules Mine
Slide 11: Discovery Tip of the Iceberg
SOLEDAD DISCOVERY 11 TIP OF THE ICEBERG Typical breccia-hosted mineralization at • Aija-Ticapampa District: 150 km2 zoned district Soledad • Soledad:12 km2 tourmaline breccia mineral system • Only 28/154 targets tested (18%) • Initial resource on shallower extent of 7 breccia pipes • Potentially 50
Slide 12: Tourmaline Breccias
SOLEDAD PROJECT 12 TOURMALINE BRECCIAS • 103 tourmaline breccia outcrops mapped at surface • 12 km2 footprint of breccia mineral system • Blind (hidden) breccia pipes found in drilling and Tourmaline inferred from geophysics breccia • Breccias coalescing to form larger breccia bodies confirmed in dr
Slide 13: Breccias in Initial Resource
SOLEDAD PROJECT 13 BRECCIAS IN INITIAL RESOURCE • All breccias are open at depth Looking Northeast • Vertically extensive • Circular to oval shape (~60 to100m diameter) Pre-mineral • Several pipes increasing diameter with depth Intrusions • Bx 1 has adjacent blind pipe Bx 6 Bx 7 • Huancarama breccia
Slide 14: World Class Mineralization
SOLEDAD PROJECT 14 WORLD CLASS MINERALIZATION Massive chalcopyrite in Bx 1 Best Intercepts Globally out of 1,486 Cu-Au-Ag Projects Since 2015* July 27, 2021 CHAKANA INTERSECTS 12M OF MASSIVE SULFIDE WITH 27.39% COPPER, 967.7 G/T SILVER, AND 0.38 G/T GOLD (Top 8% of all intercepts) *OPAXE.COM, 2021 T
Slide 15: Late-Stage Copper Replacement
15 SOLEDAD – ADDITIONAL UPSIDE POTENTIAL LATE-STAGE COPPER REPLACEMENT Within Breccia Mineralization OUTSIDE Breccia Pipe Within Monzodiorite Wallrock Around Bx 1 5.5m @ 4.61 g/t Au 5.34% Cu 275 g/t Ag 30m apart 4.95m @ 2.70 g/t Au 2.26% Cu 1,145 g/t Ag TSX.V: PERU | OTCQB: CHKKF | FRA: 1ZX
Slide 16: Initial Resource Estimate
SOLEDAD PROJECT 16 INITIAL RESOURCE ESTIMATE 191,000 oz Au, 11.7 moz Ag, 130 mlbs Cu Inferred Resource Estimate for Seven Breccia Pipes* Cut -Off (US$) Type Breccia Tonnes Au (g/t) Ag (g/t) Cu (%) Cu_eq* Au_eq* $25.00 Open Pit Breccia 1 486,000 2.46 58.7 1.08 $25.00 Open Pit Breccia 5 612,000 1.34 2
Slide 17: Resource Review
SOLEDAD PROJECT 17 RESOURCE REVIEW Metal prices utilized for the calculations are Cu – US$3.50/lb, Au – US$1,600/oz, and Ag – US$20/oz. Metal recoveries are assumed to be 90% for Cu, 85% for Au, and 75% for Ag. TSX.V: PERU | OTCQB: CHKKF | FRA: 1ZX
Slide 18: Resource Review
SOLEDAD PROJECT 18 RESOURCE REVIEW Metal prices utilized for the calculations are Cu – US$3.50/lb, Au – US$1,600/oz, and Ag – US$20/oz. Metal recoveries are assumed to be 90% for Cu, 85% for Au, and 75% for Ag. TSX.V: PERU | OTCQB: CHKKF | FRA: 1ZX
Slide 19: Conventional Mining Methods
SOLEDAD PROJECT 19 CONVENTIONAL MINING METHODS Possible Mining Scenarios when Mineral Reserves are Defined • Small open cuts to take out top of breccia pipes • Underground, mechanized mine using local miners • Sublevel mining – a conventional mining approach • Topography allows several access tunnel
Slide 20: Mining Approach Example
SOLEDAD PROJECT 20 MINING APPROACH EXAMPLE Ekati Diamond Mine, Nunavut ◆ Mining multiple pipes ◆ Open cut first, then underground ◆ Tourmaline pipes similar to kimberlite pipes but different geometry ◆ Topography allows adits into pipes at Soledad vs shafts TSX.V: PERU | OTCQB: CHKKF | FRA: 1ZX
Slide 21: Exploration
SOLEDAD PROJECT 21 EXPLORATION 154 Total Targets/28 Drill Tested (18%) 80 Breccia targets that includes: • 41 Outcropping breccias • 23 Inferred breccia • 03 Megabreccias • 13 Vein-breccia targets 74 Non-breccia targets: (Possibly related to blind breccias) • 20 Stand alone geochemical targets • 24
Slide 22: Exploration
SOLEDAD PROJECT 22 EXPLORATION Permit approved June 28, 2023 for south side of project TSX.V: PERU | OTCQB: CHKKF | FRA: 1ZX
Slide 23: Property Geology/GCX
SOLEDAD PROJECT 23 PROPERTY GEOLOGY/GCX TSX.V: PERU | OTCQB: CHKKF | FRA: 1ZX
Slide 24: Property Geochemistry
SOLEDAD PROJECT 24 PROPERTY GEOCHEMISTRY Gold Molybdenum Manganese Mn Halo TSX.V: PERU | OTCQB: CHKKF | FRA: 1ZX
Slide 25: Property Geology
SOLEDAD PROJECT 25 PROPERTY GEOLOGY D D’ HSE Porphyry TSX.V: PERU | OTCQB: CHKKF | FRA: 1ZX
Slide 26: Exploration
SOLEDAD PROJECT 26 EXPLORATION • Originally staked by David Lowell before Pierena discovery • RTZ drilled porphyry target in 1996 – low grade porphyry • Buenaventura drilled La Joya - 18.2 m @ 227.03 g/t Ag, 0.177 g/t Au • Chakana first soil survey and to take HMCs TSX.V: PERU | OTCQB: CHKKF | FRA:
Slide 27: Mega-Gold Target
SOLEDAD PROJECT 27 MEGA-GOLD TARGET TSX.V: PERU | OTCQB: CHKKF | FRA: 1ZX
Slide 28: Mega-Gold Target
SOLEDAD PROJECT 28 MEGA-GOLD TARGET TSX.V: PERU | OTCQB: CHKKF | FRA: 1ZX
Slide 29: Mega-Gold Target
SOLEDAD PROJECT 29 MEGA-GOLD TARGET South North TSX.V: PERU | OTCQB: CHKKF | FRA: 1ZX
Slide 30: Mega-Gold Target
SOLEDAD PROJECT 30 MEGA-GOLD TARGET Copper Oxides Veins w/ Cpy + Py TSX.V: PERU | OTCQB: CHKKF | FRA: 1ZX
Slide 31: La Joya (HSE)
Ag SOLEDAD PROJECT Looking SW 31 LA JOYA (HSE) ◆ History: Previously drilled by Buenaventura 700m ◆ Mineralization: sulfosalts, pyrite, jarosite ◆ Alteration: Advanced argillic alteration - dickite, alunite, vuggy silica) 100 m ◆ Geochemistry: Rock chip grades up to 1,300 g/t Ag, 0.36 g/t Au Au Vugg
Slide 32: Estremadoyro Breccia Pipe
SOLEDAD PROJECT Looking SW 32 ESTREMADOYRO BRECCIA PIPE Resistivity ◆ Mineralization: Gold and Cu-oxides at Surface ◆ Geochemistry: Rock chip grades up to 1.25 g/t Au, 37.6 g/t Ag, 0.57% Cu ◆ Geophysics: Low resistive IP response (typical mineralized breccia response) ◆ NS elongated breccia, similar
Slide 33: Companero Breccia Complex
SOLEDAD PROJECT 33 COMPANERO BRECCIA COMPLEX 14.4 g/t Au in channel sample BXC1 BXC4 BXC3 BXC2 Copper oxides at base of BXC1 Compañero Breccia Compañero 1 Complex 150 m TSX.V: PERU | OTCQB: CHKKF | FRA: 1ZX
Slide 34: Timeline
SOLEDAD PROJECT 34 TIMELINE 2023 2024 Activity Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Targeting – south side South side permit Environmental monitoring Financing (C$3.0m pp) Road/platform construction Drill testing new targets (south side; 3,000m) Mineralogy/metallurgical, engineering studies ESG programs Main Cat
Slide 35: Chakana Copper Investment Opportunity
CHAKANA COPPER 35 INVESTMENT OPPORTUNITY Soledad Initial Mineral Resource – Tip of the Iceberg • Bx1, Bx 5, Bx 6, Bx 7, Paloma East, Paloma West, Huancarama open at depth • 191,000 oz Au, 11.7 moz Ag, 130 million lbs of Cu (1.81% Cu-eq; 2.87 gpt Au-eq) • Multiple and extensive high-grade Cu-Au-Ag de
Slide 36: Soledad Project Contact
Soledad Project Peru’s Next Giant Cu-Au-Ag Deposit Contact Joanne Jobin, Investor Relations Officer jjobin@chakanacopper.com 647-964-0290 Head Office-Vancouver Suite 1430, 800 West Pender Street Vancouver, BC, Canada, V6C 2V6 Lima, Peru Office Av. Jorge Chavez No 184 chakanacopper.com Piso 10, Ofici
Slide 37: Appendix
37 APPENDIX Breccia Pipe 5 on the Soledad Property, Peru TSX.V: PERU | OTCQB: CHKKF | FRA: 1ZX
Slide 38: Resource Estimate
SOLEDAD PROJECT 38 RESOURCE ESTIMATE ◆ Mineral resources were estimated by Bill Tanaka and audited and accepted by Dr. Gilles Arseneau of ARSENEAU Consulting Services Inc. of Vancouver. ◆ Resources were estimated for seven tourmaline breccias by ordinary kriging into 5 by 5 by 10 m blocks. ◆ The min