Slide 1: Corporate Presentation – Jefferies Conference 2024
NYSE/TSX: IE Corporate Presentation – Jefferies Conference 2024
Slide 2: Safe Harbor
Safe Harbor Forward-Looking Statements currently available to management. Such statements are subject to significant risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due Certain statements in this presentation constit
Slide 3: Ivanhoe Electric – U.S. Electric Metals Exploration Company with Significant Technology Platform
Ivanhoe Electric – U.S. Electric Metals Exploration Company with Significant Technology Platform U.S. focused portfolio centered on electric metals projects, highlighted by the high-grade underground Santa Cruz Copper Project in Arizona located on private land Innovative proprietary technologies in
Slide 4: Ivanhoe Electric – Delivering Consistent Execution
Ivanhoe Electric – Delivering Consistent Execution Major Achievements and Milestones 2023 2024 2025+ ✓ Established Exploration Joint ✓ Identified Anomalies at Al Amar for Complete Santa Cruz PFS Venture and Closed $127 Drill Testing Million Private Placement Secure Key State and Local with Ma’aden ✓
Slide 5: Proprietary Technology Platforms – Typhoon & CGI
Proprietary Technology Platforms – Typhoon & CGI Computational Typhoon Geosciences Inc. (“CGI”) Accurate and powerful Advanced data analysis, proprietary geophysical geophysical modeling, and survey technology based AI solutions tailored for on I-Pulse technology mineral, oil, and water discoveries
Slide 6: Proprietary Technology Platforms – VRB
Proprietary Technology Platforms – VRB Proven grid-scale flow battery technology with >1 million hours of operation Proprietary flow cell design and long- life electrolyte deliver low levelized cost of storage 60 kilowatt direct current cell stacks are the largest and most efficient in the industry
Slide 7: Santa Cruz Copper Project – Large, High-Grade Copper Resource
Santa Cruz Copper Project – Large, High-Grade Copper Resource Entirely on Private Land in Arizona 4.7 million tonnes (“Mt”) contained resource at average grade of 1.24% copper Ivanhoe Electric owns 5,975 acres of private land and mineral rights encompassing the entire project Acquired land includes
Slide 8: Santa Cruz Copper Project – Modern Underground Mining
Santa Cruz Copper Project – Modern Underground Mining Project with Small Surface Footprint Current project design requires a small surface footprint : ~1/3 of land package Incorporates modern mining technologies to reduce operating costs and carbon dioxide emissions Includes provision for on-site so
Slide 9: Santa Cruz Copper Project – September 2023 Initial Assessment
Santa Cruz Copper Project – September 2023 Initial Assessment (“IA”) IA focuses on 5.9 Mt / year underground copper mine with small surface footprint • IA only incorporates high-grade exotic, oxide and enriched domains contained in Santa Cruz and East Ridge Deposits Estimated copper production of 1.
Slide 10: Santa Cruz Verde Domain – High-Grade Oxide Copper
Santa Cruz Verde Domain – High-Grade Oxide Copper The Verde Domain is a zone of high-grade soluble copper in mineralized Oracle Granite within the Santa Cruz deposit Successful step-out drilling has extended the boundaries of the mineralized domain to the northeast and northwest • SCC-005 intersecte
Slide 11: Santa Cruz – Potential to be a Significant U.S. Copper Producer with Low Costs
Santa Cruz Copper Project – Potential to be a Significant Copper Producer in the U.S. with Low Estimated Operating Costs Santa Cruz Projected Copper Production and Costs Relative to Other USA Mines with 2023 Paid Production Greater than 75 Mlbs 1,000 $4.00 Paid Metal Cash Cost 2023 Paid Metal Produc
Slide 12: Santa Cruz Copper Project – Strong Projected Economics at $3.80/lb Copper
Santa Cruz Copper Project – Strong Projected Economics at $3.80/lb Copper IA Estimates Santa Cruz Copper Project Cash Flow Profile Revenue Initial Opex Sustaining Taxes Royalty Cumulative $12.9B LOM Revenue Capex Capex Paid Cash Flow $750 $6 $5.2B LOM Pre-tax Free Cash Flow $500 $4 Cumulative Cash F
Slide 13: Santa Cruz – Base Case 70% Renewable Power Results in Low CO2e per Tonne Copper
Santa Cruz Copper Project – Base Case 70% Renewable Power to Result in Low Estimated CO2e per Tonne Copper 10k 2023 Total Intensity (kg CO2e per tonne Paid CuEq) 9k 8k 7k 6k 5k 4k Santa Cruz IA Base Case 3k 490 kg CO2e per tonne Cu 2k 1k 0k 0 3 6 9 12 15 18 21 24 27 Total Global Recoverable Copper P
Slide 14: Santa Cruz Copper Project – Permitting Process
Santa Cruz Copper Project – Permitting Process 9 PERMITS / RIGHTS COMPLETED PRELIMINARY FEASIBILITY STUDY ADDITIONAL MINING PERMITS PERMITS FOR DECLINE DEVELOPMENT AND AUTHORIZATIONS Planned Area of Industrial Air Aquifer Protection Development Permit for Decline Major Permit(s) for Decline (Rezonin
Slide 15: Santa Cruz Copper Project – Preliminary Feasibility Study
Santa Cruz Copper Project – Preliminary Feasibility Study Expected to be Completed in Q2 2025 Current development drilling aims to upgrade the Indicated Mineral Resource, enhancing confidence and converting more resources into Probable Mineral Reserves Ongoing trade-off studies are exploring ways to
Slide 16: U.S. Focused Portfolio Provides Exposure to Discovery Potential
U.S. Focused Portfolio Provides Exposure to Discovery Potential HOG HEAVEN, MT Cu-Au-Ag TINTIC, UT Cu-Au-Ag Total meters drilled from Jan 2023 to August 2024 Project Meters SANTA CRUZ, AZ Santa Cruz 114,220 Cu Tintic 18,594 Hog Heaven 18,513 Other projects 12,737 TOTAL 164,064 16
Slide 17: Ivanhoe Electric & BHP – Exploration Alliance in Southwest U.S.
Ivanhoe Electric & BHP – Exploration Alliance in Southwest U.S. Exploration Alliance funded by an initial investment of $15 million from BHP Alliance will focus initially on six areas of interest in the southwest U.S. Alliance will have access to a new generation Typhoon geophysical survey system a
Slide 18: Tintic – Evaluating Historic Mining District with Advanced Exploration Technologies
Tintic – Evaluating Historic Mining District with Advanced Exploration Technologies Located on private land in a historic mining district 60 miles south of Salt Lake City, Utah Similar geologic characteristics to the renowned Bingham Canyon porphyry mine, located 40 miles to the north 14 drill holes
Slide 19: Hog Heaven – Potential High-Grade Extensions and Porphyry Source
Hog Heaven – Potential High-Grade Extensions and Porphyry Source Located on private land 50 miles south- southwest of Kalispell, Montana Initial drilling of epithermal mineralization has returned significant intercepts • HHD-014, 82 meters at 0.63% copper, 0.32 g/t gold and 37.8 g/t silver from 568
Slide 20: Ivanhoe Electric & Ma'aden – 50/50 Joint Venture to Explore in Saudi Arabia
Ivanhoe Electric & Ma’aden – 50/50 Joint Venture to Explore in Saudi Arabia Exclusive access to explore a vast ~48,500 km2 area of the underexplored Arabian Shield in Saudi Arabia $147.5 million investment by Ma’aden into Ivanhoe Electric to fund the Joint Venture and Ivanhoe Electric’s U.S. project
Slide 21: Drill Testing Has Commenced on Two Prospective Chargeability Anomalies Identified by Typhoon
Drill Testing Has Commenced on Two Prospective Chargeability Anomalies Identified by Typhoon Ongoing Typhoon survey covered over 155 km2 in the Al Amar belt, around the producing Al Amar gold- copper-zinc Mine Drill testing commenced on two high- priority chargeability anomalies: • Umm Ad Dabah – mi
Slide 22: Ivanhoe Electric – Significant Institutional and Insider Ownership
Ivanhoe Electric – Significant Institutional and Insider Ownership Victory Capital Orion Resource 2.5% 3.1% BHP 4.2% Public Market Overview Sailingstone 3.9% Other 29.8% Current Market Cap: US$873 million* T. Rowe Price 5.6% Shares Outstanding: 120.4 million* Fidelity Mgmt. & Cash at June 30, 2024:
Slide 23: Scientific and Technical Information
Scientific and Technical Information The Initial Assessment (“IA”) is entitled “S-K 1300 Initial Assessment & Technical Report Summary, Santa Cruz Project, Arizona”, is dated September 6, 2023, and was prepared in accordance with Subpart 1300 and Item 601 of Regulation S-K. The IA was prepared by th
Slide 24: ivanhoeelectric.com
ivanhoeelectric.com NYSE American / TSX: IE