C3 Metals Inc. · TSXV:CCCM
C3 Metals — Investor Presentation (March 2024)
54 slides from C3 Metals's investor presentation, March 2024
Slide 1: Poised For Discovery
Poised For Discovery Corporate Presentation TSX.V: CCCM C3METALS.COM March 2024
Slide 2: Forward-Looking Statement
FORWARD-LOOKING STATEMENT • Forward-Looking Statement This presentation contains certain statements that may constitute forward-looking information under applicable securities laws. All statements, other than those of historical fact, which address activities, events, outcomes, results, developments
Slide 3: Topics of Discussion
Topics of Discussion 1. Then and Now 2. Who We Are 3. Why Copper? 4. Our Goals and Objectives 5. Current Value Proposition 6. Our Projects 7. Summary TSX.V: CCCM | C3METALS.COM Corporate Presentation | MARCH 2024 3
Slide 4: Then and Now: Since September 15, 2023
Then and Now: Since September 15, 2023 Jamaica Peru Corporate § Broadest mineralized interval ever § Expanded permitted § Closed fully reported at Bellas Gate drill area by 74% at subscribed Jasperoide Copper- CAD$8.05M private § Drill highlights: Gold Project placement financing § PVT0900-002: 391m
Slide 5: Who We Are
Who We Are TSX.V: CCCM | C3METALS.COM Corporate Presentation | MARCH 2024 5
Slide 6: C3 Metals' Board & Senior Management
C3 METALS’ BOARD & SENIOR MANAGEMENT Serial Resource Industry Value Creators DAN SYMONS TONY MANINI BSc (Hons), FAusIMM, FSEG President & CEO, Director Chairman • +15 years of mining industry experience in • +30 years in exploration, mine development, mine business development, corporate operations,
Slide 7: Proven Track Record of Discovery & Success
PROVEN TRACK RECORD OF DISCOVERY & SUCCESS At all Stages of Exploration and Mining A Combination of Capital Markets and Technical Expertise DAN SYMONS STEVE HUGHES Strategic, Visionary, Expert Porphyry Entrepreneurial Geologist Unlocking Value Leader Driving Through Discovery and Growth & Success De
Slide 8: Share Structure, Shareholder Breakdown & Analyst Coverage
SHARE STRUCTURE, SHAREHOLDER BREAKDOWN & ANALYST COVERAGE Over 50% Insider, Strategic & Institutionally Held 5% Institutions 10% Ingalls & Snyder Investment Management Equinox Partners Investment Management 49% 36% Resource Capital Funds Aegis Funds Pathfinder Asset Management J Zechner & Associates
Slide 9: C3 Metals
C3 Metals Focused on creating substantive value through the discovery and development of LARGE COPPER-GOLD DEPOSITS JAMAICA PERU Where we believe we will show Known world class the world a new district Copper/Gold district Montego Bay Ocho Rios Caribbean Sea Cr aw l Riv e rF au Port Antonio PERU lt
Slide 10: C3 Metals' Business Strategy
C3 METALS’ BUSINESS STRATEGY VISION STEP 1 STEP 2 C3 Metals is focused on the Set Up Discovery Stage Managing Risk discovery and development ü Secure district-scale ü Risk vs. reward assessment for of large copper/gold deposits opportunities for meaningful optimal return on investment through safe,
Slide 11: Why Copper?
Why Copper? TSX.V: CCCM | C3METALS.COM Corporate Presentation | MARCH 2024 11
Slide 12: Copper – Growing Demand & Constrained Supply
Copper – Growing Demand & Constrained Supply Growing Demand Electric vehicles (EVs): +5x copper vs gas vehicles up to 25kg copper 4.6t Cu/MW 4.7t Cu Up to 0.7kg/kWh ~40% of the green copper used in charging ports in solar powered in 3MW wind turbines in a lithium-ion battery demand by 2030 systems D
Slide 13: Supply Constraint Directly Related to Lack of Investment
Supply Constraint Directly Related to Lack of Investment Significant capital continues to flee global specialist mining funds From 2011 to present: MSCI World Mining Index & Van Eck Gold Miners Index dropped 31% and 60% Mining specialist capital dropped 60% in UK and 80% in Canada Source: Bloomberg,
Slide 14: C3 Metals Focused on Building Tonnes with Grades In-line with Current Operating Mines
C3 Metals Focused on Building Tonnes with Grades In-line with Current Operating Mines Operating mines Copper projects under currently have an development have an average grade of average grade of 0.53%1 0.39%1 C3 Metals’ CuEq2 grades in recent drilling are in line with the average grade of current o
Slide 15: Our Goals & Objectives
Our Goals & Objectives TSX.V: CCCM | C3METALS.COM Corporate Presentation | MARCH 2024 15
Slide 16: Initial Discovery Goals and Objectives
Initial Discovery Goals and Objectives Initial Discovery Goal achieved by: 200Mt+ at 0.5% Minimum of 1 million tonnes 100Mt+ at 1.0% of contained CuEq 50Mt+ at 2.0% Market value assuming price/lb of Cu in the ground: Price / lb of Cu in the ground US$ Market Cap C$ Market Cap at 1.35 FX rate US$0.05
Slide 17: Community Engagement
COMMUNITY ENGAGEMENT Community Programs and Initiatives Connecting Communities & Road Repairs Educational Assistance Support Small Businesses Support Local Farmers TSX.V: CCCM | C3METALS.COM Corporate Presentation | MARCH 2024 17
Slide 18: Partnering with RCF Foundation & Nine Miles of Smiles
PARTNERING with RCF FOUNDATION & NINE MILES OF SMILES Launching Partnership Program in 2024 COMMUNITY HEALTHCARE PARTNER § Nine Miles of Smiles (NMS) is a non-profit volunteer organisation that provides free dental care to underserviced areas in Jamaica. § Our goal is to work together and launch a s
Slide 19: Nine Miles of Smiles 2024 Timeline
Nine Miles of Smiles 2024 Timeline Stage Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec ASSESSMENT § Determine size and scope of initial clinics in C3 communities § NMS will provide an onsite assessment session to establish services required PLANNING § NMS will develop comprehensive plan for servic
Slide 20: The Current Value Proposition
The Current Value Proposition TSX.V: CCCM | C3METALS.COM Corporate Presentation | MARCH 2024 20
Slide 21: A Simple Value Proposition at ~C$30M Market Cap
A SIMPLE VALUE PROPOSITION AT ~C$30M MARKET CAP PERU JAMAICA Protected Downside Near-term Momentum Driver • Maiden resource justifies current valuation1: • Two rigs drilling today • M&I Mineral Resources - 51.9 Mt at 0.50% Cu and 0.20 g/t Au • Up to 20,000m in 2024 for 569.1M lbs. of Cu and 326,800
Slide 22: Our Projects
Our Projects Jamaica: Blue Sky Upside TSX.V: CCCM | C3METALS.COM Corporate Presentation | MARCH 2024 22
Slide 23: Jamaica: Government Supportive & Favorable Environment
JAMAICA: Government Supportive & Favorable Environment Mining 2nd 70+ year 75+ years 150+ Largest Industry Bauxite industry Mining law in Open-pit in Jamaica place limestone / § US$500-600M annual exports (since 1947) aggregate mines § Alumina refinery in country Jamaican Mining History § Historical
Slide 24: Jamaican Mineral Sector Is Seeking Investment in Metallic Minerals
JAMAICAN MINERAL SECTOR IS SEEKING INVESTMENT IN METALLIC MINERALS MINES AND GEOLOGY DIVISION OF THE MINISTRY OF AGRICULTURE, FISHERIES AND MINES “The identification and evaluation of the precious and base metal potential gold, copper on the island. “To promote and encourage investment in non-bauxit
Slide 25: Copper and Gold Deposits of the Caribbean
COPPER AND GOLD DEPOSITS OF THE CARRIBEAN Productive for Porphyry & Epithermal Cu-Au Deposits Arimao Porphyry Cu-Au Porphyry Epithermal VMS Florencia Low S Veins 1Moz Au El Cobre North American VMS 10Mt @ 1.5 Douvray Cu-Au Plate ve g/t Au & 2% Meme Cu Au 18Mt @ 0.59% Cu Relati ent Cu 1.5Mt @ 2% Cu M
Slide 26: Stamford Hill and Charging Cross Mined in 1800s
Stamford Hill and Charging Cross Mined in 1800s 62 Adits & Multiple Shafts Sunk § British mined high-grade epithermal copper-gold veins in the 1800s § Stamford Hill and Charing Cross veins mined during the 1850s. § Operated until 1863 Adit to the 2nd Level at Stamford Mine Closed adit § Reports indi
Slide 27: C3 Metals in Jamaica: A New & Emerging District
C3 METALS IN JAMAICA: A New & Emerging District 16 Porphyry & 40 Epithermal Targets Identified Over 30km Strike Porphyry Prospects (Advanced) Super Block Project JV Area Porphyry with ore grade holes Porphyry Targets (Drill Ready) High Grade Copper Occurrences Epithermal Prospects Historical Mine Ad
Slide 28: Pennants Gold Mine (2002 – 2004) – 50% C3 Metals
PENNANTS GOLD MINE (2002 – 2004) – 50% C3 Metals First Gold Deposit in Jamaica to be put into Production § BHP (1992) defined a 3km gold in soil anomaly, discovered Pennants epithermal veins system § Orvana (1995-1998) reported bonanza gold grades in Pennants drill holes, including § 1.7m @ 429.78g/
Slide 29: Super Block Project JV Area – 50/50 Partnership with Geophysx Jamaica Limited
Super Block Project JV Area – 50/50 Partnership with Geophysx Jamaica Limited TSX.V: CCCM | C3METALS.COM Corporate Presentation | MARCH 2024 29
Slide 30: About JV Partner – Geophysx Jamaica Limited
About JV Partner – Geophysx Jamaica Limited § Geophysx is a known brand in Jamaica with considerable financial bandwidth. § Geophysx is the dominant mineral exploration license holder in Jamaica. § The Stewart family is a hospitality and industrial powerhouse throughout the Caribbean. § C3 Metals ga
Slide 31: Super Block Mineral Prospects – Gold
SUPER BLOCK MINERAL PROSPECTS – 50% C3 Metals Bennett and Rio-Minho Fault Zones GOLD Anomalous Gold in Spot Soils Rio-M 12.0g/t Au 6.7g/t Au inho 6.1g/t Au 3.1g/t Au 3.0g/t Au 1.6g/t Au 1.3g/t Au 35.8g/t Au 19.3g/t Au Zone 1.2g/t Au 13.9g/t Au PENNANTS 5.2g/t Au 4.7g/t Au Historical drill hole Be n
Slide 32: Super Block Mineral Prospects – Copper
SUPER BLOCK MINERAL PROSPECTS – 50% C3 Metals Bennett and Rio-Minho Fault Zones COPPER Rock chip assays up to 2.86% Copper Channel – 16.0m at 1.22% Copper + 7.8g/t Silver Including 4.0m at 2.21% Copper + 15.8g/t Silver 2.0m at 6.07% Copper + Rio-M 19.4g/t Silver and 2.0m at 1.92% Copper + 8.1g/t Sil
Slide 33: C3 Metals in Jamaica: A New & Emerging District
C3 METALS IN JAMAICA: A New & Emerging District Over 15km of High-Grade Soil and Rock Geochemistry Copper Occurrences with Multiple Porphyries Clustered Along Two Belts – 100% C3 Metals +1 5k m TSX.V: CCCM | C3METALS.COM Corporate Presentation | MARCH 2024 33
Slide 34: Actively Drilling With Two Rigs
ACTIVELY DRILLING WITH TWO RIGS Sept. 12, 2023 286m at 0.37% Cu and 0.21 g/t Au (0.52% CO To Arthurs Seat SEPL CuEq1) from 64m, incl. 192m at 0.45% Cu and NN 0.27 g/t Au (0.64% CuEq1) O CA RS M Sept. 25, 2023 BE EL LT 280m at 0.43% Cu and 0.24 g/t Au (0.60% BE HENDLEY CuEq1) Within 391m of Porphyry
Slide 35: Explaining the Different Zones of a Porphyry
EXPLAINING THE DIFFERENT ZONES OF A PORPHYRY Hard Boiled Egg Analogy PYRITE SHELL • Cooler temperature • Does not contain copper CHALCOPYRITE • Medium temperature • ~1/3 copper BORNITE • Hot temperature • ~2/3 copper Different sulphide minerals deposit at different temperatures TSX.V: CCCM | C3METAL
Slide 36: Provost Represents Classic Porphyry Model
PROVOST REPRESENTS CLASSIC PORPHYRY MODEL Well Developed Alteration and Sulphide Zonation Porphyry Centre Phyllic to Potassic Core Alteration Zonation Big Rig Chlorite-Magnetite- C3-MP Epidote Alteration De cre asi ng P yr ite Py- Inc 10% rea Py- sin 5% gC Py- py 0% Cp Cp y0 Cp ite 500m Pyr ll -1% y
Slide 37: Porphyry Sulphide Mineral Zonation
PORPHYRY SULPHIDE MINERAL ZONATION Classic Porphyry, Fully Intact Porphyry System 3-Metre Core Slabs Demonstrate Classic Porphyry Sulphide Mineral Zonation PYRITE SHELL CHALCOPYRITE BORNITE CORE 0.14% copper & 0.04 g/t gold 0.89% copper & 0.39 g/t gold 1.14% copper & 1.19 g/t gold (0.17% CuEq1) (1.1
Slide 38: PVT0825-003 – Pending
Provost Looking North 125m Elevation Drop Recent Challenges § Challenging topography for ideal PVT drill pad locations 080 SAYS 325 0-0 -001 § Drilling through large fault zone mU G AS 01 negatively impacted metre/day nk n 825 – IN productivity PVT0825-003 – PENDIN ow PVT0 PRO n § Unscheduled drill
Slide 39: At 75 Ma – Jamaica Porphyries Are Developed
AT 75 Ma – JAMAICA PORPHYRIES ARE DEVELOPED PORPHYRY SYSTEMS 100% PRESERVED, CU-AU EPITHERMALS TSX.V: CCCM | C3METALS.COM Corporate Presentation | MARCH 2024 39
Slide 40: Provost Geologic Model - Interpretation
Provost Geologic Model - Interpretation § Opportunities include: § Theorize that the ”guts” of the deposit may be on the other side of a broken thrust fault Pyrite > Chalcopyrite § If we consistently see >0.5% CuEq1 in the upper part of the system, grade potential is very high at depth Chalcopyrite
Slide 41: Porphyry Cluster Confirmed Through Drilling
PORPHYRY CLUSTER CONFIRMED THROUGH DRILLING TSX.V: CCCM | C3METALS.COM Corporate Presentation | MARCH 2024 41
Slide 42: 4km Long Section Showing Multiple Confirmed Porphyries
4KM LONG SECTION SHOWING MULTIPLE CONFIRMED PORPHYRIES 4km Magnetic Geophysical Data Suggests System Might Be Connected at Depth TSX.V: CCCM | C3METALS.COM Corporate Presentation | MARCH 2024 42
Slide 43: New Road Discovery
NEW ROAD DISCOVERY Interpreted NW-Extension of GEO HILL Porphyry Zeolite Veining Fault; Quartz Vein Fragments Malachite Staining TSX.V: CCCM | C3METALS.COM Corporate Presentation | MARCH 2024 43
Slide 44: Porphyry Belts Extend to the Northwest?
PORPHYRY BELTS EXTEND TO THE NORTHWEST? Porphyry Prospects (Advanced) Super Block Project JV Area Porphyry with ore grade holes Porphyry Targets (Drill Ready) High Grade Copper Occurrences Epithermal Prospects Historical Mine Adits/Shafts Bellas Gate – Drill permits to June 2027 C Main Ridge – Arthu
Slide 45: Arthurs Seat Discovery – Summer 2022
ARTHURS SEAT DISCOVERY – Summer 2022 Ov er 8k m St rik e Le ng th e id W 5km r 4. 5.2% copper & 0.81 g/t gold ve O Epithermal Style Gold-Copper Mineralization, Vein Hosted Crawle River R 16.5% copper, 4,890 g/t io Minho Fault Zo silver & 0.50 g/.t gold ne Discovered 8.0km by 4.5km Copper-Gold Zone T
Slide 46: Peru: Downside Protection at Current Valuation
Our Projects Peru: Downside Protection at Current Valuation TSX.V: CCCM | C3METALS.COM Corporate Presentation | MARCH 2024 46
Slide 47: Peru: A Copper Legacy
PERU: A Copper Legacy 2nd 11% 10% 2.2M Largest of Global Copper of Peru’s GDP metric tonnes Worldwide Production produced in 2022 Copper Producer Rich Mining History § History of copper mining dating back thousands of years. § Attracts significant investments from international mining companies due
Slide 48: C3 Metals in Peru: Strategic 30,000-Hectare Land Package
C3 Metals in PERU: Strategic 30,000-Hectare Land Package TSX.V: CCCM | C3METALS.COM Corporate Presentation | MARCH 2024 48
Slide 49: CVZ MCZ COZ
CVZ MCZ COZ TSX.V: CCCM | C3METALS.COM Corporate Presentation | MARCH 2024 49
Slide 50: Maiden Resource - Montaña de Cobre Zone
MAIDEN RESOURCE - Montaña de Cobre Zone Contained Contained Tonnes Copper Grade Gold Grade Total Tonnes in Mineral Resource Category Copper Gold (Kt) (%) (g/t) Conceptual Pit (M lbs) (K oz) Measured 28,636 0.60 0.24 380.0 218.2 Indicated 23,304 0.37 0.15 189.1 108.6 Measured & Indicated 51,940 0.50
Slide 51: Parallel Porphyry, Skarn & Epithermal Mineralized Belts
PARALLEL PORPHYRY, SKARN & EPITHERMAL MINERALIZED BELTS KHALEESI BELT JASPEROIDE BELT Nested & Near Surface Copper-Gold Porphyry, Skarn & Epithermal Deposits Copper and Gold-Rich Hydrothermal Fluids “Punch Through” or “Migrate” along the Jasperoide Thrust Faults, Two Systems Appear Spatially Associa
Slide 52: Khaleesi Project
KHALEESI PROJECT Skarn, Epithermal and Porphyry Mineralization at Surface TSX.V: CCCM | C3METALS.COM Corporate Presentation | MARCH 2024 52
Slide 53: C3 Metals: Land Packages Put Together. Time to Drill!
C3 METALS: Land Packages Put Together. Time to DRILL! Current market cap of ~C$30M Up to 20,000m drilling planned Jamaica: At least 16 porphyry and in Jamaica in 2024 40 epithermal targets over 30km (results dependent) strike extent Maiden resource in Peru underpins Peru offers exposure to large, va
Slide 54: Contacts
CONTACTS DAN SYMONS President & CEO Tel: (416) 716-6466 /C3Metals dsymons@c3metals.com @C3Metals CORPORATE OFFICE 69 Yonge St., Suite 200 @C3Metals Toronto, Ontario M5E 1K3 info@c3metals.com company/C3Metals www.c3metals.com TSX.V: CCCM | C3METALS.COM Corporate Presentation | MARCH 2024 54