Winchester Equity Corporation · TSXV:WEC
Winchester Equity — Three Valley Copper — Investor Presentation (June 2021)
25 slides from Winchester Equity's investor presentation, June 2021
Slide 1: Building a Mid-Tier Chilean Copper Producer
PRODUCING EXPLORING GROWING BUILDING A MID-TIER CHILEAN COPPER PRODUCER June 2021 TSXV: TVC
Slide 2: Disclaimer
Disclaimer TSXV: TVC Cautionary Statement Regarding Forward-Looking Information Certain statements in this presentation or the accompanying oral remarks, including in response to questions, contain forward-looking information (collectively referred to herein as the “Forward-Looking Statements”) with
Slide 3: Disclaimer (cont'd)
Disclaimer (cont’d) TSXV: TVC Scientific and Technical Information Certain scientific or technical information in this presentation relating to MTV is based on information prepared by Dr. Antonio Luraschi, RM CMC, Manager of Metallurgic Development and Senior Financial Analyst, Wood; Mr Alfonso Oval
Slide 4: Investment Highlights
Investment Highlights TSXV: TVC 2 deposits Infrastructure Partnerships 46,000 ha Three Valley Copper has a 90% Fully built infrastructure – Strong partners – Strategic Geologic potential and strategic interest in two deposits in Chile permitted, operating and partnership with Anglo American land pac
Slide 5: Directors
Directors TSXV: TVC TERRENCE A. LYONS MICHAEL STARESINIC LENARD BOGGIO JOAN E. DUNNE (ICD.D) (ICD.D) (ICD.D) (ICD.D) Independent Chairman President, CEO, Director Independent Director Independent Director Mr. Lyons is a Civil Engineer (UBC) with an MBA from Mr. Staresinic has 20 years of experience
Slide 6: Executives
Executives TSXV: TVC MICHAEL STARESINIC IAN MACNEILY JOE PHILLIPS LUIS VEGA President & CEO CFO & Corporate Secretary COO CEO at Site Mr. Staresinic has 20 years of experience in the financial Mr. MacNeily brings more than 20 years of executive Mr. Phillips is a senior mining executive with 48 years
Slide 7: Capital Structure
Capital Structure TSXV: TVC Share Structure Enterprise Value Share Price (June 18, 2021) $ 0.41 Market cap * C$22M Issued & Outstanding: 55.8 M Grossed up to 100% C$24M Stock Options: (avg. exercise C$0.31) 2.4 M Warrants: C$0.70 (Exp Oct 2022) 20.0 M USD equivalent US$20M Warrants: C$0.55 (Exp Oct
Slide 8: Debt Structure
Debt Structure TSXV: TVC Senior Secured Unsecured Term Debt Subordinated Term Debt • $45M prepayment facility provided • $17M converted from accounts • $5M converted from accounts by Anglo American and Kimura payable to unsecured 5 year term payable to unsecured subordinated Capital debt term debt •
Slide 9: Summary
Summary TSXV: TVC • Located near Salamanca, Chile, 300km north of Santiago • Previously developed by Vale, spending ~ US$250 million on the property including associated infrastructure Overview • 46,348 hectares of mining property • Currently producing copper cathodes ~ 50% capacity; ramping up duri
Slide 10: Facilities & Infrastructure Already in Place
Facilities & Infrastructure Already in Place TSXV: TVC Built by Vale S.A. ~ US$250MM of Salt leach system Salt leach reduces costs, in 2008 – 2009 infrastructure added to increases recoveries benefits infrastructure in and decreases leach 2020 time for sulphide ore from ~270 days to ~160 days Cathod
Slide 11: In a Great Neighborhood
In a Great Neighborhood TSXV: TVC TVC 11
Slide 12: Production: Don Gabriel Open Pit
Production: Don Gabriel Open Pit TSXV: TVC Tonnes Grade Contained Cu Contained Cu Classification (kt) (CuT %) (kt) (000 lbs) Don Gabriel Manto Proven 898 0.80% 7.1 15,653 Probable 4,270 0.82% 34.9 76,941 Total Proven & Probable 5,168 0.81% 42.1 92,815 N • Don Gabriel open pit (shown) currently produ
Slide 13: Construction: Papomono Underground
Construction: Papomono Underground TSXV: TVC Tonnes Grade Contained Cu Contained Cu Classification (kt) (CuT %) (kt) (000 lbs) Papomono Masivo Proven 2,559 1.51% 38.7 85,319 Probable 508 1.48% 7.5 16,535 Total Proven & Probable 3,067 1.51% 46.2 101,853 • Papomono Masivo is the high grade core Papomo
Slide 14: Construction: Papomono Underground
Construction: Papomono Underground TSXV: TVC Block caving construction underway to access Papomono Completion end of 2021 Ramping up during 2022 Peaking in 2023/2024 = 102 million pounds of contained copper Average grade of 1.51% Masivo deposit 14
Slide 15: Exploration: Future Development Context
Exploration: Future Development Context TSXV: TVC TVC offers exploration targets near the existing mines ASTER Satellite Bands 9-4-1 Image and clear potential within the broader licence area N • Resource expansion potential around existing mines and TVC Licences additional known deposits • No develo
Slide 16: Near-Term Exploration Focus Between Deposits
Near-Term Exploration Focus Between Deposits TSXV: TVC • Existing copper mines are spatially Papomono coincident with ground magnetics Underground Footprint N analytic signal highs, which possibly map mineralisation-related magnetite / pyrrhotite • Further mineralisation potential may therefore be e
Slide 17: Exploration: Near-Mine Areas with Potential
Exploration: Near-Mine Areas with Potential TSXV: TVC Existing drill hole traces 2 6 1 4 5 Verde Deposit 3 Ground Magnetics Amarilla Deposit Analytic Signal Image high low Don Gabriel Don Gabriel Pit Outline 500 m 500 m Drill samples % copper Pit Outline 0 0.5 1 • Our near-mine area represents appro
Slide 18: Exploration: Don Gabriel Depth Potential
Exploration: Don Gabriel Depth Potential TSXV: TVC N 3D rendition of Don Gabriel open pit 200 m Drill samples % copper 0 1.5 3 • Existing drill holes beneath Don Gabriel Pit have intercepts exceeding 2% copper • Additional planned drilling will further explore the extent of Don Gabriel beneath the p
Slide 19: Our Future Exploration Focus: High Probability Regional Targets
Our Future Exploration Focus: High Probability Regional Targets TSXV: TVC Exploration targeting will be guided by: • Field geological observations & mapping • Satellite spectral data analysis • Geophysical data acquisition • Structural framework interpretation • Application of mineral deposit geosci
Slide 20: Environmental, Social and Governance
Environmental, Social and Governance TSXV: TVC Environmental Governance Social • Public company practices; TSXV • 80% of MTV’s suppliers are listed local businesses • Reforestation initiatives in conjunction with local • Code of ethics • 75% of MTV’s combined communities – >70,000 trees • No politic
Slide 21: Investment Thesis Recap – Why TVC?
Investment Thesis Recap – Why TVC? TSXV: TVC Strong partners – Supply/ demand Fully built Strategic disruptions in High torque to infrastructure – partnership with copper exhibit improving copper permitted, Anglo American attractive long-term prices operating and and Kimura Capital market expandable
Slide 22: Contact
Contact 18 King Street East, Suite 902 Toronto, ON, M5C 1C4 www.threevalleycopper.com Michael Staresinic President & CEO Business: 416.943.7107 mstaresinic@threevalleycopper.com 22
Slide 23: Appendix
Appendix 23
Slide 24: Macro: Copper Fundamentals – Why We Like Copper
Macro: Copper Fundamentals – Why We Like Copper TSXV: TVC Structural Supply Deficit Expected • Development projects require higher prices – years of low copper prices and under-investment in new supply means few new projects in the pipeline • 2017 saw first decline in copper output in 15 years1 • De
Slide 25: Macro: Copper Fundamentals – Why We Like Chile
Macro: Copper Fundamentals – Why We Like Chile TSXV: TVC !"#$%&'%"($%&)"**+,&-,"./0+,1&2 Chile Peru China • Chile is home to the largest concentration of world- 7% 5% 4% US class copper deposits 7% 4% Congo 4% • #1 global copper producer – 28%1 8% 4% Australia 2% Zambia • #1 global copper reserves –
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