Slide 1: Growing U.S. Copper Resources
Growing U.S. Copper Resources ANALYST PRESENTATION October 2024 FDY: TSX I CPPKF: OTCQX A Lundin Group Company
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT Some of the statements in this presentation, other than statements of historical fact, are “forward-looking statements” and are based on the opinions and estimates of management as of the date such statements are made and are necessarily based on estimates and assumptions that a
Slide 3: Introduction
“’| FARADAY COPPER Introduction
Slide 4: Investment Highlights
INVESTMENT HIGHLIGHTS Significant Resource Growth Through New Discoveries Investment Highlights ▪ Copper Creek is a large Cu-Mo-Ag resource in Arizona, U.S. with 4.2 Blbs in Measured and Indicated Mineral Resources backstopped by a robust Preliminary Economic Assessment ▪ Significant exploration ups
Slide 5: Corporate Overview
CORPORATE OVERVIEW Analyst Coverage Top Strategic Shareholders Rene Cartier Dalton Baretto Lundin Family Murray Edwards Pierre Lassonde Connor Mackay Financial Overview Ownership C$178.6M Market Capitalization C$23.0 M Financing (May 30, 2024) 30.1% Strategic Shareholders: 39.3% C$25.8 M Cash & Equi
Slide 6: Faraday Copper: Recent History
FARADAY COPPER: RECENT HISTORY Redefining a Dormant Asset President and CEO Paul Harbidge appointed, assembled a Sept 2021 new management team to re-start technical work and completed C$5 million financing Feb 2022 Initiated 6,000-m initial drill program Apr 2022 Rebranded to Faraday Copper Corp. Ma
Slide 7: Bringing a Senior Mining Company Expertise
BRINGING A SENIOR MINING COMPANY EXPERTISE Senior Mining Company Talent Who Know Great Projects Management Independent Directors Graham Richardson Dr. Thomas Bissig Audra Walsh Robert Doyle Paul Harbidge Chief Financial Officer VP Exploration Russell Ball Prev. CEO, Minas de Prev. CFO, Pan President
Slide 8: Copper Creek: Team
COPPER CREEK: TEAM Dante Padilla Benedek Gal Anastasia Hedrick Exploration Manager Geoscience Manager, Exploration Project Geologist, Exploration Kennedy Ivy Melanie Ginther Community Relations Manager Operations Manager, Exploration faradaycopper.com I page 8
Slide 9: Located in Arizona Copper Country
LOCATED IN ARIZONA COPPER COUNTRY Near Key Infrastructure, Mining and Service Hubs N Pinto Valley Globe-Miami N / Resolution HIGHWAY Phoenix I-79 HIGHWAY Ray I-77 Florence Florence Hayden Smelter Claims RAIL Tucson SunZia Copper Creek Renewable Energy Project Transmission Mammoth San Manuel / Kalama
Slide 10: Copper Creek: Large Land Package
COPPER CREEK: LARGE LAND PACKAGE ▪ ~73 km2 property offers strategic benefits ▪ Mineral claims include patented claims, unpatented claims and state prospecting permits ▪ Optionality for infrastructure placement ▪ Solar power generation potential ▪ Ranch includes ~26,000 acres of surface rights throu
Slide 11: Geology and Mineral Resource
GEOLOGY AND MINERAL RESOURCE
Slide 12: Geologic Setting
GEOLOGIC SETTING Anthropogenic deposits N Quaternary to Late Tertiary alluvium Tertiary volcanics Laramide breccias Laramide porphyritic intrusives Copper Creek granodiorite Copper Creek Cretaceous/Early Tertiary volcanics Cretaceous sedimentary rocks Paleozoic siliciclastics and carbonates Neoprote
Slide 13: Laramide Schematic Cross Section
LARAMIDE SCHEMATIC CROSS SECTION 62 Ma San Manuel 67 Ma 10 km W faradaycopper.com I page 13
Slide 14: Copper Creek District Geology
COPPER CREEK DISTRICT GEOLOGY N Childs Mammoth - Aldwinkle Keel American Eagle Area 51 1 km Note: See Slide 19 for legend. faradaycopper.com I page 14
Slide 15: Geological Model
GEOLOGICAL MODEL Area 51 Image shows relative Banjo breccia emplacement depth of mineralization Increasing phenigite in white mica Banjo across the mineral American Eagle Bx system American Eagle Mammoth Old Reliable Steeply dipping veins and breccias Childs Aldwinkle above ~850 m above sea level Ke
Slide 16: Mineral Resource (2023)
MINERAL RESOURCE (2023) MRE is Supported by >200,000 m of Drilling, 83% of Resource is M&I Tonnes Cu Mo Ag CuEq2 Cu Mo Ag CuEq2 ▪ MRE includes Phase I drill results Category and historical drilling only (Oct (Mt) (%) (%) (g/t) (%) (Mlbs) (Mlbs) (Moz) (Mlbs) 2022 cut-off date) Open Pit NI 43-101 MRE
Slide 17: Resource Optimization
RESOURCE OPTIMIZATION Significant Upside to the 4.2 Blbs of Copper M&I Mineral Resources A Open Pit Grade Distribution A’ A Copper Prince Childs Aldwinkle 1,300RL Globe Phase II Mammoth Copper N Prince Marsha drilling 1,200RL confirms Old Childs 1,100RL extension to Reliable Aldwinkle mineralization
Slide 18: PEA Overview
“S| FARADAY COPPER
Slide 19: PEA: Highlights
PEA: HIGHLIGHTS Based on 2023 MRE and 30,000 tpd Mill Throughput Scenario Life-of-Mine Average Annual Life-of-Mine Payable Measured and Indicated 51,100 tpa Payable CuEq 2 Production 3.4 Blb CuEq 2 Production 4.2 Blb Copper Mineral Resource a KEY FINANCIAL DATA ANTICIPATED PRODUCTION PROFILE Post-ta
Slide 20: PEA: Mine Design Overview
PEA: MINE DESIGN OVERVIEW Integrated Mine Plan Provides Optionality and Scalability Open pit mining enables rapid payback on ISOMETRIC VIEW Open Pit LOOKING NORTHEAST initial capital and funds development of 154 Mt at 0.39% CuEq 1 bulk underground mine High-grade = 28 Mt at 0.98% CuEq Globe / Marsha
Slide 21: PEA: Mine Production Schedule
PEA: MINE PRODUCTION SCHEDULE Life-of-Mine Processed Material Total Processed Material by Material Type 18 16 Open Pit Sulphide Transitional 14 Underground Sulphide Oxide Quantity (million tonnes) 12 10 8 6 4 2 - 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32
Slide 22: PEA: Site Infrastructure
PEA: SITE INFRASTRUCTURE Configured for scalability In-pit Waste Explosive Rock Dump Facilities Materials handling synergies between Low-grade Stockpiles open pit and underground Overland External Conveyor Open Pits Waste Primary Rock Dump Process Crusher HLF (136 Mt) Plant (20 Mt) SXEW Underground
Slide 23: Exploration
“| FARADAY COPPER
Slide 24: Exploration Data Layers
EXPLORATION DATA LAYERS New Empirical Data Informs Exploration Targeting New Airborne Geophysical Survey (VTEM) New Airborne Spectral Survey N N 500 metres 500 metres New Geological Mapping and Structural Interpretation New Geophysical Processing (ZTEM) N N 500 metres 500 metres faradaycopper.com I
Slide 25: Potential for New Discoveries
POTENTIAL FOR NEW DISCOVERIES Significant Growth Opportunities in an Underexplored District Rum N Holy Joe Fault Mineral Reserves Mineral Resource 12 Footprint Mineral Resource Targets 3 Advanced Targets 10 Identified Targets 7 Western Generative Targets Fault 32 high priority targets American Eagle
Slide 26: Drilling Shows Upside (Post-MRE)
DRILLING SHOWS UPSIDE (POST-MRE) Drill Hole Assay Results Copper Grade (%) >2.00 1.00 0.70 High-grade High-grade 0.50 intercept intercept 0.31 below below 0.25 Copper Copper 0.13 Prince Giant 0.05 0.00 Block Model Copper Grade (%) >2.00 1.00 0.70 0.50 0.31 0.25 0.13 0.00 Potential for Mineralization
Slide 27: Drilling at the American Eagle Area
DRILLING AT THE AMERICAN EAGLE AREA ▪ Intersected significant mineralization above American N N Post Office Eagle porphyry underground resource Jailhouse Courthouse Rum Area ▪ Confirmed vertical continuity of mineralization from surface to Banjo underground American Eagle American Eagle ▪ New discov
Slide 28: American Eagle Area: New Discoveries
AMERICAN EAGLE AREA: NEW DISCOVERIES Banjo Breccia Prada Breccia 269.65 m at 0.64% Cu, Drill Hole Assay Results Copper Grade (%) 1.32 g/t Ag 259.98 m at 0.68% from 229.49 m Cu, 1.57 g/t Ag from 205.00 m >2.00 1.00 0.70 including 190.25 m at 0.23% Cu, 0.50 including 0.66 g/t Ag 0.31 117.90 m at 1.01%
Slide 29: American Eagle Area: Near Surface Potential
AMERICAN EAGLE AREA: NEAR SURFACE POTENTIAL Mammoth FCD 24-069 Drill Hole Assay Results 29.08 m at 0.62% Cu, Copper Grade American 1.14 g/t Ag from 145.69 m (%) Eagle Keel >2.00 FCD 24-065 200 m 1.00 0.70 22.92 m at 0.58% Cu, 0.50 0.85 g/t Ag from 227.34 m 0.31 FCD 24-071 0.25 0.13 FCD 24-073 88.16
Slide 30: New Discovery at Area 51
NEW DISCOVERY AT AREA 51 Drill Hole Assay Results Copper Grade (%) Potential to Discovery increase open >2.00 hole at pit mineral 1.00 previously resource with 0.70 mineralization 0.50 undrilled open laterally 0.31 breccia and at depth 0.25 0.13 0.05 0.00 Breccia outline Chalcopyrite Chalcopyrite Qu
Slide 31: Permitting and ESG
PERMITTING AND ESG
Slide 32: Permitting Pathway
PERMITTING PATHWAY Plan of Operations and 404 Permit Plan of Operations ▪ Ground water National Environmental Update Plan of Operations and ▪ Surface water Environmental Impact bonding ▪ Air, Biological Policy Act Statement ▪ Tribal Record of Applications consultations After National Decision submit
Slide 33: Environmental & Stakeholder Engagement
ENVIRONMENTAL & STAKEHOLDER ENGAGEMENT Baseline Data Collection and Stakeholder Outreach ENVIRONMENT STAKEHOLDER ENGAGEMENT Baseline environmental monitoring Commitment to open dialogue and systems in place for data collection to support for the local economy and social support permitting process pr
Slide 34: Opportunities and Next Steps
OPPORTUNITIES AND NEXT STEPS
Slide 35: Gold Program
GOLD PROGRAM Incremental Value Addition Through Gold as a By-product Gold Program ▪ Assaying historical material for gold, that was not previously tested, for potential inclusion in future studies ▪ Gold assay results support potential for payable gold from five near-surface breccias and Keel underg
Slide 36: Ongoing Metallurgical Test Work
ONGOING METALLURGICAL TEST WORK 2024 Sample Selection Focused on New Near-surface Domains PLAN VIEW ISOMETRIC VIEW N Plan view of 2024 Metallurgical program sample locations relative to the PEA pit shells Spatial context of 2024 Metallurgical Program and historical metallurgical samples (dark grey)
Slide 37: 2024 Metallurgical Results
2024 METALLURGICAL RESULTS Unlocking Significant Upside Coarse grind supports a potential increase to mill Coarse Grind Additional throughput without increasing the tailings Optimization Benefits pressure filtration requirement Gold recovery over Filtered Tailings Scenarios Over 95% copper 75% suppo
Slide 38: Copper Creek: Next Steps
COPPER CREEK: NEXT STEPS Resource Update Technical Study Update Exploration Upside +30,000 metres of drilling (post Targeting higher metal output to be Steady news flow from ongoing 2023 MRE) targeting near-surface supported by resource update Phase III drill program resource expansion Metallurgical
Slide 39: Appendix
FARADAY COPPER APPENDIX
Slide 40: Copper Creek: Mineral Resources (2023)
COPPER CREEK: MINERAL RESOURCES (2023) Grade Contained Metal Category Tonnes (Mt) Cu Mo Ag CuEq 1 Cu Mo Ag CuEq 1 (%) (%) (g/t) (%) (Mlbs) (Mlbs) (Moz) (Mlbs) Open Pit (OP) Measured 67.2 0.48 0.008 1.2 0.51 710.5 12.5 2.6 751.1 Indicated 59.9 0.31 0.008 0.6 0.33 412.9 10.1 1.1 440.5 M&I 127.1 0.40 0
Slide 41: Copper Creek: Notes to Mineral Resources
COPPER CREEK: NOTES TO MINERAL RESOURCES ▪ CuEq: Copper equivalent; g/t: Grams per tonne; Mlb: Million pounds; Moz: Million troy ounces; Mt: Million tonnes ▪ The mineral resources in this estimate were prepared in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Stand
Slide 42: Contact Copper Project
CONTACT COPPER PROJECT Drill-ready, Copper Oxide Deposit ▪ 100% owned, 5,900+ acres of patented and unpatented mining claims in northern Nevada Contact Copper Elko ▪ Excellent access to a major highway, power and local mining services ▪ Open pit, heap-leach copper oxide opportunity NEVADA ▪ Deposit
Slide 43: Endnotes
ENDNOTES 1. Preliminary Economic Assessment (PEA) copper equivalent (CuEq) values are calculated using commodity type and price, considering the relevant recovery rate based on domain, applied using a regression formula as a function of grade. Recovery regression formulas are based on the outcomes o
Slide 44: Contact Information
CONTACT INFORMATION STACEY PAVLOVA, CFA Suite 2800, 1055 Dunsmuir Street VP Investor Relations PO Box 49225 778-730-1067 Vancouver, BC Canada info@faradaycopper.com www.faradaycopper.com