Copper Fox Metals Inc. · TSXV:CUU
Copper Fox Metals — Investor Presentation (October 2024)
20 slides from Copper Fox Metals's investor presentation, October 2024
Slide 1: Creating Value in the Copper Space in North America
Creating Value in the Copper Space in North America 1 October 2024
Slide 2: Forward Looking Statements
Forward Looking Statements This Power Point presentation contains certain forward-looking statements within the meaning of the Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and forward-looking information within the meaning of the Canadian securiti
Slide 3: Capital Structure, Ownership & Management
Capital Structure, Ownership & Management Capital Structure Ownership Market Capitalization (M) C$158.9 Shares Outstanding (M) 567.8 Warrants (M) 3.3 40.2% Options (M) Nil 59.8% 59.8% Fully Diluted Share Capital (M) 571.1 Cash (M) C$0.8 Insiders Retail Debt Nil Elmer B. Stewart, MSc., P.Geo., Presid
Slide 4: Copper Outlook
Copper Outlook Copper is essential for transitioning to a low-carbon economy and powering AI technologies Copper supply needs to increase from 25Mt to 50Mt by 2035 to achieve 2050 net-zero targets1 Price Volatility ➢Global economic concerns, “soft” or “hard” landing? ➢Interest rates what will the “f
Slide 5: The Company
The Company ➢ Copper exploration/development company focused on Tier 1, large, low-cost, long-life porphyry copper projects in Canada and the United States ➢ Two advanced stage and three exploration stage projects located in geopolitically stable mining jurisdictions: ➢ Golden Triangle - British Col
Slide 6: Project Portfolio & Mineral Resources
Project Portfolio & Mineral Resources Schaft Creek (25%) Advanced Stage porphyry Cu-Mo-Au-Ag project located 60 km south of Telegraph Creek, British Columbia. Van Dyke (100%) Advanced Stage in-situ copper recovery (ISCR) project located in Miami-Globe Mining District, Arizona Eaglehead (100%) Advanc
Slide 7: Mineral Resource Growth
Mineral Resource Growth 2012 – Reported 1.78 Blbs of Measured + Indicated Cu, and 0.72 Blbs of Inferred Cu from the Schaft Creek project via the June 21, 2012 – NI 43-101 Technical Report and Resource Estimate on the Schaft Creek Project, BC, Canada prepared by Tetra Tech Inc. Copper equivalent (CuE
Slide 8: Schaft Creek Project
Schaft Creek Project ➢ Teck Resources Limited 75% & Operator – Copper Fox 25% ➢ Experienced operator mitigates risk ➢ Covers one of the largest undeveloped porphyry copper deposits in North America ➢ 2021 PEA1 reports an after-tax NPV8 of US$842M, an IRR of 12.9%, and a payback period of 4.8 years ➢
Slide 9: 2023 – 2024 Schaft Creek Programs
2023 – 2024 Schaft Creek Programs 2023 Objective – Advance the project with focus on key areas including safety, geoscience and engineering, environmental, communities, and permitting with planned expenditures of C$17.2M (actual 2023 expenditures C$19.8M) ➢ Ten drillholes – 3,288 m drill program foc
Slide 10: Schaft Creek Economics
Schaft Creek Economics 2012 2021 Copper Price (US$/lb) 2.75 3.00 3.25 3.50 3.75 Production and Cost Summary Units FS PEA EBITDA (US$B) 8.88 9.85 10.81 11.78 12.75 Mine Life years 21 21 Free Cash Flow (after-tax US$B) 3.98 4.69 5.39 6.10 6.81 CuEq Metal Production LOM B/lb 7.6 7.5 NPV (after-tax US$B
Slide 11: Schaft Creek Joint Venture – Key Terms
Schaft Creek Joint Venture – Key Terms ➢ Teck Resources Limited 75% & Operator - Copper Fox 25% ➢ Copper Fox to receive C$60M in Milestone Payments ➢ 1st C$20M payment on Signing the JV Agreement (received) ➢ 2nd C$20M payment on Sanctioning Decision ➢ 3rd C$20M payment on Completion of Construction
Slide 12: Van Dyke ISCR Project
Van Dyke ISCR Project ➢ 100% owned subject to NSR encumbrances ➢ 2020 PEA1 reports an after-tax NPV7.5 of US$645M, an IRR of 43% and a payback period of 2.1 years ➢ Potential mid-tier in-situ copper recovery (ISCR) mine at 85 Mlb year ➢ Resource expansion potential to the southwest ➢ Access to highw
Slide 13: 2023 - 2024 Van Dyke Programs
2023 - 2024 Van Dyke Programs Objective – Mitigation of potential operating issues, geotechnical assessment of planned decline, initiation of hydrogeological monitoring and hydrogeology characterization. ➢ Mineralogical and Solubility Studies ➢ rapid dissolution of copper mineralization implies high
Slide 14: Van Dyke Economics
Van Dyke Economics 2015 2020 Metal Price (US$/lb) 2.65 2.90 3.15 3.40 3.65 Production and Cost Summary Units PEA PEA EBITDA (US$B) 1.77 2.04 2.31 2.58 2.85 Mine Life years 11 17 Free Cash Flow (after-tax US$B) 1.05 1.25 1.44 1.63 1.82 Copper Production Mlbs 456.9 1,101.0 NPV (after-tax US$B) 0.45 0.
Slide 15: In-Situ Copper Recovery (ISCR)
In-Situ Copper Recovery (ISCR) ISCR Advantages Van Dyke ISCR Advantages ➢ Leaching, not mining, rock stays in place ➢ Wellfield constructed underground, ➢ No open pit reduces environmental and social impact ➢ No tailings ➢ Underground workings below known ➢ Lower water consumption aquifers ➢ Lower g
Slide 16: Eaglehead Project
Eaglehead Project Resource NSR Cutoff Tonnage NSR CuEq Cu Mo Au Ag NSR CuEq Cu Mo Au Ag Category (C$/tonne) (kt) (C$/tonne) % % % gpt gpt C$M Mlb Mlb Mlb koz koz 5 71,971 24.42 0.322 0.219 0.0107 0.060 0.9 1,758 510 347 17.0 139.8 2,159 Indicated 5.5 70,810 24.74 0.326 0.221 0.0108 0.061 0.9 1,752 5
Slide 17: Mineral Mountain Project
Mineral Mountain Project ➢ Drill ready - Laramide age (67.4 Ma) porphyry copper target ➢ Located in the Santa Cruz to Globe-Miami porphyry copper belt (see inset map) ➢ 3,500 m by 1,500 m porphyry footprint ➢ 3,200 m long by 1,200 m wide (open-ended) chargeability signature >18 mrads ➢ Over 800 copp
Slide 18: Sombrero Butte Project
Sombrero Butte Project ➢ Located 2 miles south of the Copper Creek porphyry copper deposit (see inset map) ➢ Geology, structure and mineralized breccia pipes similar to the Copper Creek deposit ➢ Laramide age multi-phase Copper Creek intrusive, host to Copper Creek deposit ➢ Historical production av
Slide 19: In Summary
In Summary ➢ Copper Fox has designed its project portfolio to meet the requirements of copper producers by assembling advanced and exploration stage, near surface, long life projects in Tier-1 jurisdictions ➢ Copper producers are generally looking for projects at the PFS stage, the Schaft Creek and
Slide 20: Corporate Information
Corporate Information Corporate Office Desert Fox Office Suite 650, 340 – 12 Ave SW 3445 E Highway 60 Calgary, AB T2R 1L5 Miami, AZ 85539-1353 Canada USA 1-403-264-2820 Investor Relations 1-844-464-2820 investor@copperfoxmetals.com www.copperfoxmetals.com 20
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