Slide 1: Lacsha Project
www.LATIN-METALS.com TSX.V: LMS January 2026 OTCQB: LMSQF LACSHA PROJECT
Slide 2: Summary
Summary • Project is 100%-owned by Zafiro Mining SAC (subsidiary of Latin Metals Inc.) • Lacsha is located 130km north of Lima city – excellent infrastructure (port, power, road) • Current 4-year agreement with local community , until July 2030. • Fully permitted for drilling – 21 drill pads approve
Slide 3: Cretaceous Porphyry Belt
Cretaceous Porphyry Belt Illari LACSHA • Cretaceous porphyry belt of Peru was historically recognized between Ica and Arequipa but now extended north of Lima following the discovery of Illari deposit and subsequent exploration successes. • This belt hosts copper-molybdenum and copper- gold-molybdenu
Slide 4: Principal Mineralizing Events
Principal Mineralizing Events • Upper Cretaceous (66-100 Ma) Angostura(68 Ma), Puquio ILLARI (76 Ma), Illari (79 Ma), Pucacorral Sur (82 Ma), Marcahui, Durazno, Cuco, Aguas Verdes, Lara, Lacsha (78Ma) SUMAQ WAYRA • Lower Cretaceous (100-145.5 Ma) Porphyry EL Yaral (106 Ma), Pucacorral Norte (112 Ma)
Slide 5: Copper Endowment
Copper Endowment • Illari Project drill highlights include 293m @ 0.54% copper and 0.28 g/t gold ILLARI • Northern portion of the belt is underexplored; many of the projects are early-stage discoveries awaiting SUMAQ WAYRA drill testing • Lacsha is fully drill permitted LACSHA TOROMOCHO LMS Porphyry
Slide 6: Structural Framework
Structural Framework • Deposits are strongly controlled by the intersection of ILLARI major structural trends: – East-west low magnetic trends recognized by SUMAQ WAYRA airborne magnetic surveys and; LACSHA – major mapped fault systems trending northwest- southeast TOROMOCHO • Possible relationship
Slide 7: Stratigraphic Column
Stratigraphic Column ILLARI LACSHA Cenozoic Calipuy volcanics 115m V V V V V V V V V V V V V V V V V V V V V V V V V V V Upper V V V V V V V V V Gpo Casma.( Andesites, Basalts Volcanic and volcaniclastics) Cretaceous V V V V V V V V V Up to 1000m V V V V V V V V V V V V V V V V V V V V V V V V V V V
Slide 8: District Geology
District Geology • Costal batholith in the Lima segment consists of various super units with ages between 66 Ma to 100 Ma, and it is directly related to the CASMA basin. • Several prospective zones are been actively exploring in this area. • Illari (porphyry), Sumaqwayra (porphyry), Lezard (VMS), IL
Slide 9: Schematic Section
Schematic Section A B ILLARI SUMAQWAYRA LACSHA LEZARD 3000 msal 1500 msal V V V V V V V V V V V V V V V 0 4km LMS Porphyry/Skarn project Cenozoic Volcanic Package vvv Cretaceous Volcanic Package Porphyry Mine v Coastal batholith Cretaceous Sedimentary Package Porphyry/Skarn exploration projects Meso
Slide 10: Infrastructure & Access
Infrastructure & Access • The project is located in Lima department, Huaral Province. • There is a road to the property LACSHA from Huaral providing access by truck to the edge of the property. HUARAL • Travel time from Lima to Huaral to CHANCAY Q. Totoral is approximately 2.5hrs. LIMA OTEC CALLAO L
Slide 11: Stakeholder Engagement
Stakeholder Engagement • The Lacsha project is within the Naupay community territory. OTEC • LMS has signed a Servidumbre agreement Community (agreement required to get a drill permit) to explore the area of the Naupay community for 4 years. The payment for Year 2 has recently been completed. • The
Slide 12: Geology
Geology LACSHA • Two principal, northeast-southeast trending structures exert primary control on the mineralization in the study area. Movement along these structures has generated a secondary fracture network with two dominant orientations: N30–N60 and N310–N330. These secondary structures were cri
Slide 13: Stream Sediment Sampling
Stream Sediment Sampling • 41 samples were collected in the survey area. Cu Mo • Principal correlation in the survey was copper- moly-silver-selenium • Values more than 150 ppm copper are usually considered anomalous in this portion of the belt – Lacsha anomalies considerably higher than 486 14.8 th
Slide 14: Talus Sampling
Talus Sampling • 365 samples were collected in the survey. Cu Mo • Principal correlation in the survey was copper-moly-silver • Stream sediment sample anomalies were confirmed. • With additional geochemical resolution, reduction in target area to: • Lacsha North 2.5 km x 1 km zone. • Lacsha South 1
Slide 15: Talus Sampling
Talus Sampling 1km Cu Mo Pb Zn 2820 ppm 192 ppm 43 ppm 354 ppm 411 ppm 10.3 ppm 27 ppm 162 ppm 136 ppm 185 ppm 273 ppm 1.5 ppm 2.5 ppm 5.3 ppm 19 ppm 23 ppm 26 ppm 113 ppm 130 ppm 151 ppm 30 % 30 % 20 % 10 % 10 % 30 % 30 % 20 % 10 % 10 % 30 % 30 % 20 % 10 % 10 % 30 % 30 % 20 % 10 % 10 % TSX.V: LMS 1
Slide 16: Rock Sampling
Rock Sampling Cu Mo • 259 samples were collected in the survey. • Talus anomaly confirmed. • New areas identified : • Lacsha North 1 km x 1 km zone. • Lacsha South 0.5 km x 0.5 km zone. • Lacsha Central 0.8 km x 0.8 km zone • Lacsha Southwest 1.5 km x 0.8 km zone. <100 ppm <2 ppm 101- 250 ppm 2.1- 3
Slide 17: Channel Sampling Lacsha North
Channel Sampling Lacsha North • Highlights: 0 1km • 38m @ 0.12% Cu, 21ppm Mo • 16m @ 0.16% Cu, 57ppm Mo • 12m @ 0.17% Cu, 23ppm Mo LACSHA NORTH • 72m @ 0.20% Cu, 62ppm Mo 2820 ppm 411 ppm <500 ppm 136 ppm 185 ppm 273 ppm 501- 1000 ppm 30 % 30 % 20 % 10 % 10 % 1001 – 2000 ppm 2001 – 45200 ppm TSX.V:
Slide 18: Channel Sampling Lacsha South
Channel Sampling Lacsha South • Highlights: 0 1km • 28m @ 0.17% Cu, 44ppm Mo • 74m @ 0.14%Cu, 47ppm Mo • 26m @ 0.20% Cu, 119ppm Mo • 30m @ 0.22% Cu, 76ppm Mo LACSHA SOUTH 2820 ppm 411 ppm <500 ppm 136 ppm 185 ppm 273 ppm 501- 1000 ppm 30 % 30 % 20 % 10 % 10 % 1001 – 2000 ppm 26m@ 0.20%Cu, 119ppmMo 2
Slide 19: Channel Sampling Lacsha Southwest
Channel Sampling Lacsha Southwest • Highlights: 0 1km • 136m @ 0.24% Cu, 179ppm Mo • Incl. 52m @ 0.38% Cu, 237ppm Mo LACSHA SOUTHWEAST <500 ppm 501- 1000 ppm 2820 ppm 1001 – 2000 ppm 411 ppm 136 ppm 185 ppm 273 ppm 2001 – 45200 ppm 30 % 30 % 20 % 10 % 10 % TSX.V: LMS 19 www.LATIN-METALS.com
Slide 20: Alteration in Talus Survey
Alteration in Talus Survey • Sericite Alteration is the most important in the talus sampling database • Using the diagram zones with major to lower intensity of this alteration can be identified Strong Sericite Moderate Sericite Sericite-Chlorite TSX.V: LMS 20 www.LATIN-METALS.com
Slide 21: Alteration in Rock Chips
Alteration in Rock Chips • Rock chip sampling data confirms the presence of strong to moderate sericite as well as identifying zones with potassic alteration and argillic zones , probably after sericite. Strong Sericite Moderate Sericite Sericite-Chlorite Argillic? Secondary biotite TSX.V: LMS 21 ww
Slide 22: Lithology
Lithology Super Unit Paccho Tonalite Granodiorite Granite Super Santa Rosa Granodiorite Post Coastal Batholith Mineralization Event Porphyry Diorite Porphyry Dacite to Rhyodacite Post Mineralization event Andesitic dike Rhyolitic dike TSX.V: LMS 22 www.LATIN-METALS.com
Slide 23: Veining
Veining Type C Oxidized, hosted in the granodiorite, kilometrical expression around zones with copper oxides Type A Type B Tabular Sinuous focused in the porphyritic rocks focused in the porphyritic rocks TSX.V: LMS 23 www.LATIN-METALS.com
Slide 24: Mineralization
Mineralization Cc Cc Cpy Cc Oxides Copper mineralization hosted in the granodiorite country rock Secondary Mineralization Chalcolite replacing Chalcopyrite Primary Mineralization in porphyritic rocks Chalcopyrite in porphyritic rocks TSX.V: LMS 24 www.LATIN-METALS.com
Slide 25: Ground Magnetic Survey
Ground Magnetic Survey • 28 lines were surveyed, east-west direction • Line-spacing 200m to 100m LACSHA NORTH CENTRAL ZONE CENTRAL ZONE C LACSHA NORTH LACSHA SW LACSHA SOUTH A B LACSHA SOUTH 0 500m LACSHA SW A Reduce to Pole , Ground MAG, Inversion model by Zissou TSX.V: LMS 25 www.LATIN-METALS.com
Slide 26: IP Chargeability
IP Chargeability • 18 lines were surveyed, northwest-southeast direction • Very significant anomalies with high chargeability in the LACSHA NORTH principal areas of exploration • Correlating well with surface geochemistry. CENTRAL ZONE A C B LACSHA NORTH LACSHA SW LACSHA SOUTH CENTRAL ZONE LACSHA SO
Slide 27: IP Resistivity
IP Resistivity • 18 lines were surveyed, northwest-southeast direction • Faults imaged with strong contrasts LACSHA NORTH CENTRAL ZONE A B C CENTRAL ZONE LACSHA NORTH LACSHA SW LACSHA SOUTH LACSHA SOUTH 0 500m LACSHA SW A Resistivity cut to 1100 msal , inversion by Zissou TSX.V: LMS 27 www.LATIN-MET
Slide 28: Magnetic Interpretation
Magnetic Interpretation SW Cu <250ppm NE Cu <250ppm 1800 msal Cu >0.2%Cu Cu >0.2%Cu Cu >0.2%Cu Chlorite Cu >400ppm Cu <100 ppm Cu >400ppm Oxidation 1400 msal Supergene? Cu> 300ppm Cu > 300 ppm Oxidation Phyllic Phyllic Chlorite Chlorite Phyllic QFP? 1000 msal Chlorite QFP? QFP? QFP 26M@0.1%Mo NSR 12
Slide 29: Resistivity Interpretation
Resistivity Interpretation SW Cu <250ppm NE Cu <250ppm Argillic 1800 msal Cu >0.2%Cu Cu >0.2%Cu Cu >0.2%Cu Cu >400ppm Cu <100 ppm Cu >400ppm 1400 msal Cu > 300 ppm Cu> 300ppm Py Py Oxidation / MIX Oxidation Chlorite Chlorite Bx? 1000 msal Py QFP Supergene? Supergene? Cpy>Bn Bn>Cpy Phyllic 26M@0.1%Mo
Slide 30: Chargeability Interpretation
Chargeability Interpretation SW Cu <250ppm NE Cu <250ppm 1800 msal Cu >0.2%Cu Cu >0.2%Cu Cu >0.2%Cu Argillic Cu >400ppm Cu <100 ppm Cu >400ppm Oxidation 1400 msal Cu> 300ppm Cu > 300 ppm Oxidation Phyllic Chlorite Chlorite Phyllic Py Bx? 1000 msal Chlorite Py> QFP Cpy>Bn Cp Bn>Cpy 26M@0.1%Mo y NSR 1
Slide 31: Mineralization Styles & Target Model
Mineralization Styles & Target Model Sul Oxidation Supergene Bx Ph Gd Hypogene Tn Breccia Veinlets & Stockwork Model Bx = Breccia Sulfide Matrix: Clast with disseminated Granodiorite: Porphyries: Ph = Porphryy sulfides: Gd / Tn = Granodiorite / Tonalite High CHARGABILITY Moderate Moderate to High (C
Slide 32: Infrastructure
Infrastructure • Favorable location • 90km north of Lima Power line • 40km east of the new port of Chancay – 70% 200kv complete LACSHA Power line • <5km from a 60kv power line and 12km from a 60kv 500kv power line Power line 500kv Chancay Port (under construction) Callao Port (Principal Peru Port) T
Slide 33: Appendix – Schematic Sections / Drill Targets
Appendix – Schematic Sections / Drill Targets TSX.V: LMS 33 www.LATIN-METALS.com
Slide 34: Schematic section looking N315
Schematic section looking N315 , CENTRAL ZONE and LACSHA NORTH MAG vs CHARGEABILITY MAG vs RESISTIVITY LAC-22-03 LAC-22-03 NE NE SW LAC-22-02 LAC-22-02 LAC-22-08 LAC-22-01 LAC-22-08 SW LAC-22-01 1 km LAC-22-03 SECTION LINE LAC-22-02 LAC-22-08 NE LAC-22-01 SW Py>Cpy Py>Cpy FeOx>CuOx High MAG body FeO
Slide 35: Schematic section looking N308
Schematic section looking N308 , CENTRAL ZONE and LACSHA NORTH MAG vs CHARGEABILITY LAC-22-14 NE MAG vs RESISTIVITY LAC-22-14 NE LAC-22-05 SW LAC-22-05 LAC-22-12 SW LAC-22-12 1 km LAC-22-05 LAC-22-14 NE SECTION LINE High MAG body SW LAC-22-12 Py>Cpy Breccia Py>Cpy Porphyry FeOx>CuOx Py>Cpy Cpy>Bn Cp
Slide 36: Schematic section looking N272
Schematic section looking N272 , CENTRAL ZONE and LACSHA NORTH MAG vs CHARGEABILITY MAG vs RESISTIVITY N S N S LAC-22-11 LAC-22-11 LAC-22-12 LAC-22-12 1 km LAC-22-11 SECTION LINE LAC-22-12 N S Py>Cpy FeOx>CuOx Py>Cpy Py>Cpy High MAG body Breccia Cpy>Bn Porphyry Cpy>Bn TSX.V: LMS 36 www.LATIN-METALS.
Slide 37: Schematic section looking N73
Schematic section looking N73 , CENTRAL ZONE and LACSHA NORTH MAG vs CHARGEABILITY MAG vs RESISTIVITY NW LAC-22-04 NW LAC-22-04 LAC-22-13 LAC-22-07 SE LAC-22-13 LAC-22-07 SE 1 km LAC-22- 04 NW LAC-22- SECTION LINE FeOx>CuOx 07 SE Py>Cpy High MAG body Breccia Py>Cpy Porphyry Py>Cpy Cpy>Bn TSX.V: LMS
Slide 38: Schematic section looking N282
Schematic section looking N282 , CENTRAL ZONE and LACSHA NORTH MAG vs CHARGEABILITY MAG vs RESISTIVITY N N LAC-22-06 LAC-22-06 S LAC-22-11 S LAC-22-09 LAC-22-09 1 km N LAC-22-06 SECTION LINE S LAC-22-09 Py>Cpy High MAG body Py>Cpy Breccia Porphyry TSX.V: LMS 38 www.LATIN-METALS.com