Trilogy Metals Inc. · TSX:TMQ
Trilogy Metals — Investor Presentation (September 2016)
34 slides from Trilogy Metals's investor presentation, Sep 22, 2016
Slide 1: Corporate Presentation September 2016
_— LOVG'Y inc Corporate Presentation September 2016
Slide 2: Forward Looking Statement
TRILAGY metals inc Forward Looking Statement This presentation includes certain Forward-Looking Statements and Forward-Looking Information (collectively, “forward-looking statements”) within the meaning of applicable securities laws, including the United States Private Securities Litigation Reform A
Slide 3: Corporate Highlights
TRILAGY metals inc Corporate Highlights 8 Billion Pounds of Copper, 2 Billion Pounds of Zinc and over 1 Million Ounces of Gold Equivalent Precious Metals > High-Grade Copper with Significant Zinc and Precious Metals - 100% owned > Located in a Safe, Rule of Law Jurisdiction > Supportive Shareholders
Slide 4: Why Copper?
WHY COPPER? TRILQ\GY va va Copper = Energy All power generation requires copper All power transmission requires copper Everything electric requires copper to work Everything “Green” requires More Copper => Copper is The Green Metal of the Future
Slide 5: Energy Consumption Keeps Going Up
TRILAGY metals inc Energy Consumption Keeps Going Up 600 mm Other renewables 550 | mm Nuclear = Hydropower 500| mam Ges oi www 450 Coal Internet Biomass j ” 400} 8 Microchip = 350] = 4 io E 3a Nucler g 2 Television energy 20) 2 Vacuum tube Vy S io) 200) xx Electric 150 tse! motor Sania mere] aviatio
Slide 6: Copper Usage Intensity (per MW created)
Copper Usage Intensity (per MW created) TRILOGY Conventional Wind & Solar Off-shore Wind Clean Energy = More Copper Trust | Respect | integrty ©
Slide 7: Think Green, Think Copper, Plus Zinc and Precious Metals
le, Irreplaceable and R, EER Think Grea Think C Copper Plus Zinc and Precious Metals Trust | Respect | Integrity ( G
Slide 8: Share Capitalization
TRILAGY metals inc Share Capitalization Solid — Supportive Shareholder Base Issued and outstanding Options & Warr Fully diluted? 105.0 M 12.9M 119.5M Major Shareholders? Analyst Coverage * Trades on TSX and NYSE- * Electrum Group * Haywood Securities Inc. MKT under symbol =: ‘paulsan'RGo: Stefan loa
Slide 9: Red Dog Mine
Red Dog Mine Kivalina* Noatak, “AMBLER MINING . Kiana a Nagivilk + ‘Winnie ae nas ges Kotzebue ° Selawik Shungmak Kobiik > Deering s DP Ritind > Agreement with NANA, Alaskan Native Corporation with 8000 Ifupiat shareholders > Red Dog operating for over 25 years > Local taxes from mine supports NW Ar
Slide 10: Native Partnership - NANA
TRILAGY metals inc Native Partnership - NANA Formal Agreement for Strong Community Relationships > Creates an area of interest within which land acquired by either party will form part of the Agreement > Control 353,000 Acres in 100 Km long District > Net Smelter Royalty (1% to 2.5%) >» Option for N
Slide 11: Ambler Road (AMDIAP)
TRILAGY metals inc Ambler M A road to connect the Ambler mining district to ice-free, year-round shipping at Port Mackenzie MOU signed with Alaska Industrial Development & Export Authority (AIDEA) AIDEA signed MOU with Federal Departments of Transportation and Interior (US Park Service) to support r
Slide 12: Arctic Resource Outline
Indicated Resources of 23.8 Mt 3.26% Cu 4.45% Zn 0.76% Pb Arctic Resource Ye 0.71 g/t Au Outline 53 g/t Ag Inferred Resources of 3.4 Mt 3.22% Cu 3.84% Zn 0.58% Pb 0.59 g/t Au 53 g/t Ag ‘The Arctic PEA is preliminary in nature and includes inferred mineral resources that are considered too speculativ
Slide 13: Arctic Deposit: Naturally Diversified
TRILQGY metals inc Arctic Deposit: Naturally Diversified High Quality Grade Copper and Zinc Concentrates with Significant Value in Precious Metals 3 Separate Concentrates Gold, 6% Copper 29% Zinc 56% Lead, 4% Lead 50% Recoveries Copper 87.1% Gold to copper concentrate - 57.9% Silver to copper concen
Slide 14: Highlights of the Arctic PEA (2013)
TRILAGY metals inc Highlights of the Arctic PEA (2013) Lower Quartile Production Costs >» 12 year mine life at 10,000 tonnes per day > O5Kt (220Mibs) Annual Payable Cu Eq Production 125Mlbs payable Copper per year + 152Mlbs payable Zinc per year + 24Mllbs payable Lead per year * 29,0000z payable Gol
Slide 15: Planned Studies and Drilling Program
2ILOGY PS etals inc > 3000m Drilling - Geotech/Hydro — Metallurgy — Resource > Technical Studies — OP Trade-Off — ABA Waste Rock — Pit Slope Stability — Hydrology > Environmental — Lidar/Wetland — Expand Baseline = Aquatics = Avian & Large Mammal — Archeology = Subsistence — Endangered Species Trust
Slide 16: District Exploration Upside
TRILAGY metals inc District Exploration Upside Ambler mining district hosts deposits rich in copper, zinc, lead, gold and silver AMBLER MINING DISTRICT PROSPECTS Historical Resource Estimate (Other Company) e * 143-101 Technical Report 2 Historical Resource Estimate and/or Mineralized Drill intercep
Slide 17: 2013 Drilling Links South Reef and Ruby Zones
2ILOV\GY PS ertals inc 2013 Drilling links South Reef and Ruby zones into >1Km Wide Continuous Zone of High-Grade Mineralization Open to the North In-Pit Mineral Resources 14.1 Mt of 1.08% Cu Indicated 109.6 Mt of 0.94% Cu Inferred _ Bornite In- _ Resource Resource DHS Trust | Respect | Integrity (1
Slide 18: Bornite Deposit: Resources
Bornite Deposit: Resources Lots of Upside Potential metals inc TRILAGY Resource Classification Cut-off In-Pit Indicated >0.5% Cu In-Pit Inferred >0.5% Cu Below-Pit Inferred >1.5% Cu RC13-224 236m @ 1.9% Cu § RC13-220 126m @ 1.59% Cu RC13-231 75m @ 1.81% Cu
Slide 19: Mineral Resources Table - Arctic & Bornite Deposits
TRILAGY metals inc Naturally Diversified 8 Billion Pounds of Copper, 2 Billion Pounds of Zinc and over 1 Million Ounces of Gold Equivalent Precious Metals Mineral Resources Table — Arctic & Bornite Deposits Resource Tonnes Grade Contained Metal Category Millions % Mibs Copper “Arctic Indicated 23.8
Slide 20: Scarcity of Quality Assets
TRILAGY metals inc Scarcity of Quality Assets Few Located in Safe Jurisdictions > Reservoir: 65 Mt @ 3.5% CuEq (acquired) Reservoir 65 Mt @ 3.50% CuEq Bornite Open Pit 125 Mt @ 0.98% Cu Bornite Below Pit 58 Mt @ 2.89% Cu > Tilogy: 210 Mt @ 2.13% CuEq con gussets Junior Mid-Tier Major Producer olf :
Slide 21: Why Now?
TRILAGY metals inc WHY NOW? Fundamental Rule of Investing Buy Low... Sell High 2 a 2 g = SPOT COPPER PRICE - TRAILING 5 YEARS bf 8 8 8 8 3 $1.50 — 2 @¢ ¢ ¢ © © Se YM GT SS DH Hw AS SK KT HK MK KM MK KW of Trust | Respect | inteorty (2)
Slide 22: Why Now?
WHY NOW? 700 200 Constellation 500 Los oq Header LOM Annual Produaian(Mlbe Cu) soo 200 |} ‘Agua Rica Haquira Los Azules Corrapateena TRILAGY metals inc I sete HHI ort amenca [EB sou amenca HB Asia Auctrata HE tirca a Arctic & Bornite Bubble Size (Developmen: Capex) Copper creek Caspiche" | ‘lise: (0
Slide 23: Summary
TRILAGY metals inc Summary 8 Billion Pounds of Copper, 2 Billion Pounds of Zinc and over 1 Million Ounces of Gold Equivalent Precious Metals >» 100%-owned, low capex + low opex asset >» Highest grade VMS deposit in the entire world > Located in North America >» Endowment of metals will be recognized
Slide 24: Corporate Office
TRILQGY als inc TRILOGY ee Metals inc Trust | Respect | Integrity Corporate Office Suite 1950-777 Dunsmuir Street, Vancouver, British Columbia, V7Y 1K4 Canada Toll Free 1.855.638.8088 NYSE-MKT, TSX: TMQ www.trilogymetals.com Trust | Respect | Integrty
Slide 25: Appendix
APPENDIX | TRILOGY
Slide 26: Track Record of Exploration Success
TRILAGY metals inc Track Record of Exploration Success Donlin Gold Project Directors Thayer Lindsley Award at 2009 PDAC for revealing Tony Giardini the enormous geological potential William Hayden Galore Creek Copper-Gold Project Gregory Lang Robert R. Hedley Award at the 2008 AMEBC Cordilleran Roun
Slide 27: About Copper
about Copper Copper was the first metal used by primitive man around 10,000 BC Name comes from the Latin word for Cyprus - Cuprum The Statue of Liberty is made out of 179,000 pounds of copper Up until 1982 USA pennies were 98% Copper, now they are zinc with copper plating....also known as devaluing
Slide 28: Area of Exclusive Exploration Rights
TRILAGY metals inc Area of Exclusive Exploration Rights 353,000 Acres ‘Mining Claims Legend Upper Kobuk r] eee - : ; Mineral Projects {Ml NANA. Selected or conveyed Major Deposit UPPER General Land Status Private - other State ae = eee |r a -a Trust | Respect | inteanty
Slide 29: Exploration, Environmental Studies and Permit Application
zILO\GY SS inetals inc EXPLORATION & OPERATIONS ENVIRONMENTAL STUDIES Permit ‘Application (Consolidated Right of Way ‘Application) Trust | Respect | integrity (23)
Slide 30: Mineral Resources for the Arctic & Bornite Projects
Mineral Resources for the 6 Arctic & Bornite Projects TRILQ\G'Y metals inc USS35/tonne NSR 0.5% Cu 405 | 1.02 913 913 413,000 | 413,000 Total Indicated 1,190,000 1,813,000 Inferred Total Inferred 2,581,000 _ 2,654,000 Notes 2) Mineral Resources are not Minera Reserves and de not have demonstrated ec
Slide 31: Mineral Resources Definitions & Notes
Mineral Resources for the &é Arctic & Bornite Projects TRILQ\G'Y metals inc Definitions & Notes Mineral Resources: “measured”, “indicated” and “inferred” mineral resources are estimated in accordance with the definitions of these terms adopted by the Canadian Institute of Mining, Metallurgy and Petr
Slide 32: NI 43-101 Compliant Resources
Ni 43-101 Compliant Resources TRILAGY metals inc Cautionary Note Concerning Resource Estimates “This summary table may use the term "resources", “measured resources, "indicated resources” and “inferred resources". United States investors are advised that, while such terms are recognized and required
Slide 33: Disclosure Regarding Scientific and Technical Information
DISCLOSURE REGARDING SCIENTIFIC AND TECHNICAL INFORMATION TRILAGY Unless otherwise indicated, all reserve and resource estimates included in this presentation have been prepared in accordance with Canadian National, Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101") and the
Slide 34: Corporate Office
TRILQGY als inc TRILOGY ee Metals inc Trust | Respect | Integrity Corporate Office Suite 1950-777 Dunsmuir Street, Vancouver, British Columbia, V7Y 1K4 Canada Toll Free 1.855.638.8088 NYSE-MKT, TSX: TMQ www.trilogymetals.com Trust | Respect | Integrty
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