Slide 1: Investor and Analyst Site Visit
Investor and Analyst Site Visit Premier pure-play copper producer in Europe 28 October 2021
Slide 2: Disclaimer
Disclaimer The information contained in this document (“Presentation”) has been prepared by Atalaya Mining Plc (the “Company”). While the information contained herein has been prepared in good faith, neither the Company nor any of its shareholders, directors, officers, agents, employees or advisers
Slide 3: Atalaya Vision
Atalaya Vision
Slide 4: Asset Overview
Asset Overview Robust portfolio of growth options that benefit from developed infrastructure Riotinto District Proyecto Touro Cerro San Dionisio / Masa Colorado Planes-San Antonio Valverde (current open pit) (adjacent deposits) (satellite project) Location Andalucía, Spain Galicia, Spain Ownership 1
Slide 5: Total Resources
Total Resources Large resource inventory provides significant optionality Contained Metal (kt CuEq, attributable) 1. CuEq based on consensus long-term prices; historical includes San Dionisio and Planes-San Antonio 2. Based on Sandfire disclosure and metals prices 5 3. CuEq based on consensus long-t
Slide 6: Potential Future Processing Hub
Potential Future Processing Hub Key Operations in the Iberian Pyrite Belt ▪ Riotinto’s 15 Mtpa mill could Aguas Teñidas become a central processing hub Magdalena for ore sourced from Atalaya’s regional deposits Proyecto Riotinto ▪ Would be a similar operating Planes-San Antonio model to MATSA (being
Slide 7: MATSA Transaction Benchmarking
MATSA Transaction Benchmarking Sandfire’s acquisition of MATSA highlights Atalaya’s strategic positioning Key Metrics ▪ Sandfire Resources (ASX: SFR) MATSA recently announced the premium acquisition of MATSA for to ATYM ~US$1.9 billion in cash Transaction metrics Current trading metrics ‒ MATSA is A
Slide 8: Project Pipeline
Project Pipeline Diverse portfolio of growth options can leverage common or existing infrastructure Expertise to rapidly execute on capital projects, as demonstrated by Riotinto’s re-start and expansions to 15 Mtpa Exploration Resource Est. Resource Est. PEA / Permitting PFS / FS Producing Producing
Slide 9: History of Delivering Growth at Riotinto
History of Delivering Growth at Riotinto 15M Expansion Project has delivered growth and is operating above nameplate capacity Riotinto Growth Trajectory Re-start – 5.0 Mtpa Expansion to 9.5 Mtpa Expansion to 15.0 Mtpa Executed: 2015 Executed: 2016 Executed: 2019 Capex: US$82m Incremental Capex: US$6
Slide 10: Riotinto District Growth Pipeline
Riotinto District Growth Pipeline
Slide 11: Existing Orebodies at Riotinto
Existing Orebodies at Riotinto Significant potential from unmined orebodies located adjacent to current open pit 11
Slide 12: Cerro Colorado Reserves
Cerro Colorado Reserves New independent reserve estimate confirms status as a long-life copper mine Reserves as at Dec-2020 ▪ New reserve estimate supports Total Strip mine life of over 12 years at Classification Ore Cu Grade Waste Material Ratio kt nameplate capacity of 15 Mtpa Proven 138,929 0.38%
Slide 13: San Dionisio
San Dionisio Orebody sits in close proximity to existing infrastructure and current open pit operations Location Riotinto 15 Mtpa processing plant San Dionisio deposit Cerro Colorado pit 13
Slide 14: San Dionisio Deposit
San Dionisio Deposit Potential for open pit mining of copper-only ore adjacent to existing infrastructure Internal Resource Estimate(1) ▪ Substantial unmined resources, with historical Mining Strip Grade Contained mining concentrated on the high grade polymetallic Method Ratio Ore CuEq Cu Zn Cu Zn m
Slide 15: Illustrative Production Potential
Illustrative Production Potential Copper Production (kt) Illustrative Copper Production Uplift (kt)(1)(2) Ore feed from satellite deposits (Mt) 8.2 0.5 1.0 2.0 3.0 4.0 5.0 0.50% 1 1 2 3 4 5 0.55% 1 1 3 4 6 7 0.60% 1 2 4 6 7 9 0.65% 1 2 5 7 9 11 0.71% 1 3 6 8 11 14 0.75% 2 3 6 9 13 16 0.80% 2 4 7 11
Slide 16: Proyecto Masa Valverde
Proyecto Masa Valverde Among the largest undeveloped VMS deposits in the prolific Iberian Pyrite Belt Location in Riotinto District ▪ Background: ‒ Acquired in October 2020 ‒ Project area includes two exploration permits that cover an area of ~4,000 hectares ▪ Current activities: ‒ Exploration campa
Slide 17: Proyecto Masa Valverde
Proyecto Masa Valverde Aggressive drilling program ongoing 17
Slide 18: Recent Exploration Update
Recent Exploration Update Approved extension of ongoing drilling programme following encouraging results Recent Drilling Highlights ▪ Recent drilling intersected broad intervals of massive and stockwork type polymetallic sulphide mineralization ‒ Including significant high grade intercepts at MV and
Slide 19: Masa Valverde Deposit
Masa Valverde Deposit Mineralized system still open in several directions 19
Slide 20: Majadales Discovery
Majadales Discovery Good continuity, favourable geometry for UG mining and shallower than Masa Valverde 20
Slide 21: Campanario Area
Campanario Area Promising new area defined by numerous historical workings 21
Slide 22: Proyecto Riotinto East
Proyecto Riotinto East Atalaya continues to expand its regional footprint in the highly prospective Iberian Pyrite Belt Location in Riotinto District – Peñas Blancas / Cerro Negro Investigation Permits 22
Slide 23: E-LIX System Update
E-LIX System Update
Slide 24: E-LIX System
E-LIX System Potential to unlock additional value from Atalaya’s existing orebodies and beyond Pilot plant Overview ▪ Newly developed electrochemical extraction process developed and patented by Lain Technologies ‒ Involves the application of singular catalysts and physicochemical conditions ‒ Atala
Slide 25: Proyecto Touro
Proyecto Touro
Slide 26: Proyecto Touro Overview
Proyecto Touro Overview Past producing mine with well understood orebodies and excellent infrastructure Overview ‒ Past-producing open-pit mine, which was operated by Riotinto Patiño from 1973-1986 using conventional flotation History ‒ In 2017, Atalaya Mining entered into a phased earn-in agreement
Slide 27: Proyecto Touro Update
Proyecto Touro Update Permitting Process Ongoing Engagement ▪ Following receipt of formal communications from the ▪ Regular meetings with local stakeholders Xunta de Galicia in relation to the Environmental Impact Statement, Atalaya continues to evaluate its options to ▪ Information office open to t
Slide 28: Proyecto Touro Exploration
Proyecto Touro Exploration Historical Drilling ▪ Previous mining combined with more recent exploration work provides Atalaya with a good understanding of the deposit ‒ Mineralisation is found in shallow, sub-horizonal sheets ▪ Mineralisation remains open to the north, west and south Dates Company DD
Slide 29: Contacts
Contacts Atalaya Mining plc Investor Relations Alberto Lavandeira, CEO Carina Corbett, 4C Communications Ltd +34 959 59 28 50 +44 20 3170 7973 info@atalayamining.com corbett@4ccommunications.com Restricted & confidential