Northwest Copper Corp. · TSXV:NWST
Northwest Copper — Technical Presentation (January 2023)
27 slides from Northwest Copper's technical presentation, January 2023
Slide 1: The New Canadian Copper Company – Kwanika-Stardust PEA
The New Canadian Copper Company Kwanika-Stardust PEA
Slide 2: Forward-Looking Statements
Forward-Looking Statements This Presentation has been prepared by NorthWest Copper Corp. (the “NorthWest Copper” or the “Company”) solely for the use in the Forward-looking statements include, but are not limited to, statements with respect to the future price of copper, zinc gold and silver, the Pr
Slide 3: Outline
Outline Project Highlights - Strategy NorthWest Copper Introduction Building Partnerships with First Nations BC Copper Project highlights Project description Growth opportunities Path forward We have advanced a project with manageable capex and material copper production 3
Slide 4: Project Highlights – Kwanika-Stardust PEA
Project Highlights – Kwanika-Stardust PEA Advanced copper project with gold and silver by-products Located in tier one British Columbia with abundant hydroelectric power and existing infrastructure, located close to Centerra Gold’s operating Mt Milligan mine NorthWest is working closely with First N
Slide 5: NorthWest Copper Introduction
NorthWest Copper Introduction Prospective Belt – Large Land Position Existing Infrastructure 5
Slide 6: Building Partnerships with First Nations
Building Partnerships with First Nations First Nations relationships form the core of our business • We are currently working with four First Nations: Takla Lake, Tsay Keh Dene, Nak’azdli Whut’en and Gitxsan. We have existing agreements to explore in our project areas. • We acknowledge that we opera
Slide 7: BC Copper – Copper Resources/Reserves by Province
BC Copper – Copper Resources/Reserves by Province Copper Reserves and Resources by Province BC Yukon Ontario NWT Nunavut Quebec Newfoundland Saskatchewan Manitoba 0 10,000,000 20,000,000 30,000,000 40,000,000 50,000,000 60,000,000 70,000,000 80,000,000 90,000,000 Contained Copper - Tonnes 7 Source –
Slide 8: BC Copper – Low Carbon Electricity Production by Region
BC Copper– Low Carbon Electricity Production by Region Chile Arizona - USA Brazil Coal, 13% Hydro, 5% Coal, 5% Hydro, 12% Coal, 18% Hydro, Nuclear, 31% Petroleum, 28% 36% British Columbia Biomass, Petroleum, 32% 22% Wind, 2.60% Natural Gas, 4% Biomass, Natural Gas, Solar, 9% Natural 43% Natural Nucl
Slide 9: Our Flagship Project – PEA Production Summary
Our Flagship Project – PEA Production Summary *silver production capped at 300k for chart display Copper Equivalent Production By Year - Mlbs 180.0 Production by Metal Peak CuEQ production 152 mlbs 300.0 160.0 140.0 250.0 120.0 200.0 100.0 150.0 80.0 60.0 100.0 40.0 50.0 20.0 -- -- 1 2 3 4 5 6 7 8 9
Slide 10: Comparables – Copper Equivalent Production vs BC Producers
Comparables – Copper Equivalent Production vs BC Producers 10 Source – company filings, last 4 quarters ending Q3 2022.
Slide 11: Capital and Operating Costs
Capital and Operating Costs2 CAD USD Initial Capital (million) $ 567 $ 439 Post Production Growth Capital (million) $ 493 $ 380 Sustaining Capital (million) $ 283 $ 218 Average cash operating costs $US0.44 by-product $US 1.58 coproduct Average AISC $US1.12 by-product $US 2.02 coproduct Mining Costs:
Slide 12: Moderate Capital – Material Production
Moderate Capital – Material Production Initial Capital $C CuEQ Production $4,000.00 500.00 $3,500.00 450.00 Mlbs CuEQ per year 400.00 $3,000.00 350.00 $2,500.00 300.00 $2,000.00 250.00 $1,500.00 200.00 150.00 $1,000.00 100.00 $500.00 50.00 $- - Source – company filings 12
Slide 13: Financial Metrics and Leverage to Copper Price
Financial Metrics and Leverage to Copper Price2 52 Week Parameter Unit Base Case Spot Price High Copper Price US$/lb $3.63 $3.83 $4.94 Gold Price US$/oz $1,650.00 $1,840 $1,790.00 Silver Price US$/oz $21.50 $23.97 $23.30 CAD:USD Exchange Rate US$/CAD$ 0.77 Economic Result (pre-tax) NPV (7%) C$ milli
Slide 14: Our Flagship Project – PEA Production Summary
Our Flagship Project – PEA Production Summary Production Sources o Kwanika Central open pit: ▪ 30.7 Mt of Measured Resources (0.31% Cu, 0.31 g/t Au, 1.05 g/t Ag); ▪ 35.9 Mt Indicated Resources (0.22% Cu, 0.19 g/t Au, 0.80 g/t Ag); and ▪ 4.1 Mt Inferred Resources (0.15% Cu, 0.15 g/t Au, 0.58 g/t Ag);
Slide 15: Mining – Kwanika Central
Mining - Kwanika Central Figure 2: Kwanika Central Open Pit Kwanika Central Pit Phases Phase 1 me Phase? —— Phase Figure 3: Kwanika Central Underground TSR [color 15 | NorthWestcopper
Slide 16: Mining – Stardust and Kwanika South
Mining – Stardust and Kwanika South 16
Slide 17: Mine Plan Sequence
Mine Plan Sequence 10.0 Mineralized Materilal (Mt) o g Year! Year2 Year3 Year4 Years Year6 Year7 Year8. Year? Year10 Year11 Year12 mm™mKwanika Central mmmmwanika Block Cave = \gyKwanika South «= gsStardust += ===Miill Feed Grade (Cu Eq %) 1.20 1.00 0.80 0.60 0.40 0.20 CuEg (%)
Slide 18: Process Plant
Process Plant 22,000 tonne per day throughput Single stage crushing followed by SAG and ball mill with pebble crushing Primary grind size of 100 microns Average recoveries Cu = 86.92% Au = 65.59% Ag = 63.95% Concentrate grade = 25% copper 18
Slide 19: Tails
Tails • Conventional Facility – downstream construction design • Multiple phase construction • Two locations evaluated with North Valley chosen to reduce earthworks needed • Construction from non-acid generating waste material with upstream impermeable layer 19 The facility is designed in accordance
Slide 20: Summary of Project
Summary of Project The Kwanika-Stardust PEA describes a project with material copper production and manageable initial capital and attractive project economics NorthWest will continue to work closely with First Nations in our area of operations The project shows strong leverage to copper price incre
Slide 21: Growth Opportunities - Deposit Locations
Growth Opportunities - Deposit Locations
Slide 22: Growth Opportunities Lorraine
Growth Opportunities Lorraine Lorraine Lorraine Resource 50 0.60% 45 40 0.50% Significant existing resource Proximity to Kwanika-Stardust 35 0.40% Higher grade than K-S 30 25 0.30% 20 15 0.20% ~35km 10 0.10% 5 ~40km 0 0.00% Indicated Inferred Tonnes Cu% Large land package with abundant copper at sur
Slide 23: Growth Opportunities Kwanika
Growth Opportunities Kwanika 23
Slide 24: Path Forward 2023
Path Forward 2023 Respectful engagement with First Nations - fundamental to Free, Prior, and Informed Consent (FPIC) Complete metallurgy on Lorraine Complete transportation study on moving material from Lorraine to Kwanika Near-resource exploration drilling at Lorraine Regional exploration drilling
Slide 25: Kwanika/Stardust Mineral Resource Estimate Notes
Kwanika/Stardust Mineral Resource Estimate Notes Kwanika Central Economic Cut-Off Classification Tonnes (Mt) Cu (%) Au (g/t) Ag (g/t) Cu (Mlbs) Au (koz) Ag (koz) US$/t Measured 30.7 0.31 0.31 1.05 210.8 310.5 1,041.7 Open Pit Indicated 35.9 0.22 0.19 0.80 174.9 222.0 923.9 8.21 M&I 66.6 0.26 0.25 0.
Slide 26: Kwanika/Stardust Mineral Resource Estimate Notes
Kwanika/Stardust Mineral Resource Estimate Notes Notes to Mineral Resources Kwanika Central (Open Pit and Underground) Notes • The Mineral Resources have been compiled by Mr. Brian S. Hartman, M.S., P.Geo., Ridge Geoscience LLC, and subcontractor to Mining Plus. Mr. Hartman is a Registered Member of
Slide 27: Contact – Investor Relations, Vancouver
Suite 1900, 1055 W Hastings St. Vancouver, BC, V6E 2E9 Peter Lekich, Director Investor Relations: plekich@northwestcopper.ca northwestcopper.ca 27
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