Tribeca Resources Corporation · TSXV:TRBC
Tribeca Resources — Investor Presentation (May 2024)
41 slides from Tribeca Resources's investor presentation, May 2024
Slide 1: Discovering copper under cover in the Chilean Coastal IOCG Belt
Discovering copper under cover in the Chilean Coastal IOCG Belt CORPORATE PRESENTATION MAY 2024 TSXV: TRBC
Slide 2: Forward Looking Statements and Disclaimer
Forward Looking Statements and Disclaimer This corporate presentation and the information contained herein (the “Presentation”) is proprietary and for authorized use o nly. It is being provided for the use of prospective investors with the express understanding that, without the prior permission in
Slide 3: Introduction to Tribeca Resources
Introduction to Tribeca Resources
Slide 4: We are a copper exploration company focused on discovering and developing future mines
INTRO TO TRIBECA Experienced Science- team with driven leading IOCG We are a copper exploration expertise company focused on discovering and developing future mines in Prolific Chilean Recent and the Chilean Coastal IOCG belt growing Coastal IOCG discovery Belt People and Building planet portfolio v
Slide 5: Tribeca Snapshot
INTRO TO TRIBECA Tribeca Snapshot CAPITAL STRUCTURE MANAGEMENT & BOARD SHAREHOLDERS Share Price (10-May-2024) C$0.33 Dr. Paul Gow CEO, Director % undiluted Shares Outstanding (# shares) 62.24M Thomas Schmidt President, Director Warrants (# warrants) 5.32M Nick DeMare CFO & Corporate Options (# optio
Slide 6: Track-record in Latam copper, exploration and M&A
Track-record in Latam copper, exploration and M&A Management / Co-founders Directors & corporate • Mining Engineer with extensive operating background Dr. Paul Gow • Geologist with doctorate and 25+ years’ experience in Luis Tondo mineral exploration and project development. with majors and juniors
Slide 7: Milestones and upcoming catalysts
INTRO TO TRIBECA Milestones and upcoming catalysts 2017-2022 2023 2024 2025 4 property acquisitions in La Geophysics and Phase 1 drilling Chiricuto acquisition (Mar 2024) La Higuera Phase 4 drilling Higuera mining district (funded program (9 holes for ~2,800m) by founders) at Gaby and Chirsposo Chir
Slide 8: Our approach
Our approach
Slide 9: New approaches are unlocking IOCG opportunities
APPROACH New approaches are unlocking IOCG opportunities Why hunt for new IOCG deposits? Low exploration maturity New concepts/ technologies Variety of deposit types with can be applied by-product credits Major Global IOCG Belts Giant Deposits Resource* Company 1. Gawler Craton (Australia) Olympic D
Slide 10: Chilean Coastal IOCG Belt is ripe for discovery
APPROACH Chilean Coastal IOCG Belt is ripe for discovery Key regional advantages 1) infrastructure-rich 2) low altitude 3) access to sea water 4) under-explored with historic focus on outcropping areas 7 major Chilean Coastal IOCG Belt deposits (within the ~1,000 km N-S area Tribeca is focussed on)
Slide 11: Our strategy: science-led, portfolio driven exploration
APPROACH Our strategy: science-led, portfolio driven exploration Differentiated from the all-or-nothing, single asset, high G&A junior template Seeking superior risk-adjusted returns by bringing a science-led approach to exploration & discovery in the Chilean Coastal IOCG belt Portfolio Approach Dis
Slide 12: Chiricuto Project
Chiricuto Project
Slide 13: Chiricuto Project
CHIRICUTO PROJECT Chiricuto Project A rare undrilled geophysical target in the Capstone dominated Mantoverde district • 5-year purchase option secured March ‘24 o Option to acquire a100% interest o Low up-front cost and low on-going commitments o Purchase price of US$1-10 million; tied to size of ma
Slide 14: Chiricuto Project (cont'd)
CHIRICUTO PROJECT Chiricuto Project A rare undrilled geophysical target in the Capstone dominated Mantoverde district (cont’d) Project highlights • 570 hectares; 15km from Mantoverde (Capstone) • Located within andesite-dominated lower unit of Middle- Upper Jurassic La Negra Formation (same rock uni
Slide 15: La Higuera IOCG Project
La Higuera IOCG Project
Slide 16: La Higuera IOCG Project: Overview
LA HIGUERA PROJECT La Higuera IOCG Project: Overview Gaby IOCG System Benja target New discovery, 1.4km strike length drilled Geophysical targets on extensions to historic high • Located 500km north of Santiago grade mining operation Best intersection: - 268m @ 0.66% Cu, 0.14 g/t Au, • Two drilled I
Slide 17: La Higuera IOCG project: Exploration programs
LA HIGUERA PROJECT La Higuera IOCG project: Exploration programs Drill testing of two targets under cover completed: Gaby and Chirsposo Extension IP Phase 1 Program: Completed ✓ Geophysics (gravity, ground magnetics) ✓ 2,750m RC and diamond Phase 1 drilling GABY Reconnaissance Q3 2023 Surface Work:
Slide 18: Gaby IOCG discovery (2023)
LA HIGUERA PROJECT Gaby IOCG discovery (2023) Step out to drill under cover (now 1.4km strike length of mineralization) RCH-LH-07 - 285m @ 0.40% copper, 0.08 g/t gold incl. 56m at 0.60% copper, 0.12 g/t gold (historic intersection) GBY001 - 268m at 0.66% copper, 0.14 g/t gold incl. 90m at 1.02% copp
Slide 19: Gaby target drill section
LA HIGUERA PROJECT Gaby target drill section Drill holes GBY001, GBY003, GBY008 GBY001 intersection: 268m at 0.66% copper and 0.14 g/t gold incl. 90m at 1.02% copper and 0.23 g/t gold 19
Slide 20: Phase 2 drill program
LA HIGUERA PROJECT Phase 2 drill program Gaby IOCG discovery Phase 2 Drill Program • Phase 1 drill program demonstrated that the system maintains an interpreted minimum 130m thickness over the northern 650m strike extent • Fully funded Phase 2 drill program completed to: - constrain geometry of syst
Slide 21: La Higuera Project Targets
PROJECT La Higuera Project Targets Gaby Five targets in total (two drill-tested to date) Benja Gaby (29 holes for 10,118 metres drilled): • Mineralized system of 1.4km, open with depth, additional geophysical targets exist Benja (undrilled): – Magnetic complex with coincident variable intensity char
Slide 22: A foothold in an emerging IOCG district
LA HIGUERA PROJECT A foothold in an emerging IOCG district The Chilean IOCG Belt hosts several districts with multiple deposits Candelaria - Punta del Cobre Dominga Norte district: 13Mt1 Cu resources Dominga Norte: 7Mt at 1.5% Cu, Las Posadas 0.3 g/t Au, 36% Fe** Posadas: 43.7Mt at 0.55% CuT* Ma
Slide 23: Investment case
Investment case paul.gow@tribecaresources.com www.tribecaresources.com thomas.schmidt@tribecaresources.com 23
Slide 24: Peer comparison: significant re-rating potential
INVESTMENT CASE Peer comparison: significant re-rating potential Selected peers with copper and/or IOCG projects in South America Mkt Cap. Company Main Project Country Project stage Deposit Type Metals Exchange (US$ MM)* Filo Filo del Sol PFS Porphyry Cu-Au-Ag TSX 2,356 Far West Santo Domingo PEA +
Slide 25: Delivering next generation of IOCG mines in Chile
INVESTMENT CASE Delivering next generation of IOCG mines in Chile Copper dominant with gold and possible cobalt credits Tribeca Investment proposition Copper is Differentiated Upside critical strategy potential The world needs more Science-led team Growing mineralized system copper at La Higuera New
Slide 26: Appendices
Appendices www.tribecaresources.co paul.gow@tribecaresources.com m thomas.schmidt@tribecaresources.com
Slide 27: Copper plays pivotal role in green energy transition
APPENDICES: THE NEED FOR COPPER Copper plays pivotal role in green energy transition Near doubling of annual consumption expected by 2040 “ Demand for copper — already on a rising trend — is arguably set to explode as the energy transition takes hold. − Wood Mackenzie, Julian Kettle Sr. V.P. Metals
Slide 28: Economic development requires copper
APPENDICES: THE NEED FOR COPPER Economic development requires copper Reaching UN development goals requires a ~4x increase in installed copper Significant increase in commodity supply Level of investment required implies required for decarbonisation and fair transition sustained higher prices are ne
Slide 29: La Higuera IOGC Project
APPENDICES La Higuera IOGC Project Mining concessions & underlying ownership (100% purchase (100% direct option)1 ownership) (100% direct ownership) (100% direct ownership) 1 US$200k payment due in March 2024 and US$1.8M payment due in March 2025. 5% Exploration Levy due on exploration work carried
Slide 30: The broader La Higuera district
APPENDICES The broader La Higuera district Current and proposed infrastructure 30
Slide 31: Chirsposo target - 2023 drill results
APPENDICES Chirsposo target - 2023 drill results CHS001 and CHS002 CHS002 167m at 0.21% copper, including 12m @ 0.91% Cu, 0.24 g/t Au from 56m Chirsposo represents a near surface copper-gold IOCG system with numerous shallow, thick, copper intersections CHS002: 154-159m: 0.65% Cu, 0.25 g/t Au 31
Slide 32: Early-stage targets at Caballo Blanco
APPENDICES Early-stage targets at Caballo Blanco EARLY STAGE Additional TARGETS: based on geophysical targets geophysical data Chirsposo Location of Zone historical geophysical datasets shown DON BAUCHA: Intense magnetic and LEGEND Magnetic chargeability target – Susceptibility (SI) 1 hole to date D
Slide 33: Metallurgical test work
APPENDICES Metallurgical test work • Metallurgical test work (G&T Metallurgical Services Ltd, 2006) on two composites of drill core with copper head grades of 0.75% Cu and 0.1% Cu • Work indicated a copper and gold recovery of 85% and 65%, respectively, at a P 80 of 139μm, with recoveries improving
Slide 34: Drill results obtained at La Higuera IOCG Project
APPENDICES Drill results obtained at La Higuera IOCG Project Recent and historical drill intersections reported From To Downhole Cu Au Co CuEq From Downhole Cu Au Co CuEq HoleID (m) (m) Interval (m) (%) (g/t) (ppm) (%)* HoleID (m) To (m) Interval (m) (%) (g/t) (ppm) (%)* Gaby - Tribeca Phase 1 Gaby
Slide 35: Recent M&A activity: Chile copper
APPENDICES Recent M&A activity: Chile copper Extensive M&A/investment activity involving Chilean copper assets despite tax regime and constitutional uncertainties during 2022 and early 2023 Consummated transactions involving Chilean copper deposits May ’24 BHP bidding for Anglo American whose portfo
Slide 36: Global IOCG terranes
APPENDICES Phase 2 drill program Key Global budget IOCG Terranes Carajás Cloncurry Belt Coastal Belt Chile-Peru Gawler Craton (Olympic Province) 37
Slide 37: Highly Aligned Management Team
APPENDICES Highly Aligned* Management Team Exceptional track-record in Latin American copper, exploration, finance and M&A Team Member Background Notable Experience Dr. Paul Gow Geologist Former Glencore GM Projects/Exploration CEO, Director 25+ years experience Geologist with extensive experience i
Slide 38: Experienced Independent Directors
APPENDICES Experienced Independent Directors Diverse capabilities, with deep mining, investing and company-building experience Team Member Background Notable Experience Luis Tondo Metallurgy & Mining Engineer with extensive operating background in Latam Director, engineering Junior and major company
Slide 39: Photo Gallery
APPENDIC Photo Gallery VuINCREASING IN SIZE WITH DRILLIN age ON PROPERTY
Slide 40: Statutory Rights of Action
Statutory Rights of Action The following summary of the statutory rights of action for damages or recission will apply to a Canadian purchaser of securi ties in the event that this Presentation is deemed to be an offering memorandum pursuant to securities legislation in the applicable province or te
Slide 41: TSXV: TRBC
TSXV: TRBC www.tribecaresources.com | admin@tribecaresources.com