Los Andes Copper Ltd. · TSXV:LA
Los Andes Copper — Investor Presentation (November 2022)
28 slides from Los Andes Copper's investor presentation, November 2022
Slide 1: World-Class Copper Project
LA:TSXV LSANF: OTCQX World-Class Copper Project Extraordinary Value Growth Potential losandescopper.com November 2022
Slide 2: Disclaimer
2 TSX-V:LA Disclaimer Certain of the information and statements contained in this presentation constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking information is often, but not always, identified by the use of words such as: “believe”, “expect”,
Slide 3: Value and Growth in Copper
3 TSX-V:LA Los Andes Copper: True World Class Copper Deposit 13 Billion Pounds Cu EQ in Measured and Indicated Resources = Rare Value and (See Detail Resources Table) Growth in Excellent Value Trading at 0.1 X NAV ! NAV8 $ 2.7 B, $3.50 /lb Cu Copper Resource 100% owned, large enough to be of Major M
Slide 4: Copper: Essential to Electrification
4 TSX-V:LA Copper: Essential to Electrification Mtpy Refined copper supply Copper demand New production 36 capability needed from greenfield projects Renewables, electrification and 34 EVs boosting copper demand 32 +8.5 Mt 5-10Mtpy Copper deficit 30 supply forecast after 2025 28 deficit = 85 Muted s
Slide 5: Copper: Essential to Electrification - Current Opportunity
5 TSX-V:LA Copper: Essential to Electrification - Current Opportunity Recent dip in copper prices due to short-term Fickle market sentiment Possible worldwide Overly bullish view of about China demand recession impact of new copper reasons capacity The long-term Electrification A copper deficit Stil
Slide 6: Awakening Giant
6 TSX-V:LA Los Andes Copper: Awakening Tier 1 copper belt, surrounded by large mines Advancing towards PFS with Optimizations Giant 13Blb CuEq M&I resource, ( See Detail Table) 2022 Drilling to Show More Potential Competitive grade, and costs, in tight project supply Long-life asset near existing in
Slide 7: Share Capital
7 TSX-V:LA Share Capital Market Cap* C$ 402 M Major shareholders of Los Andes Copper Share Price* C$ 14.25 Los Andes Copper 52 week high - low C$ 17.73/6.50 53% Turnbrook Mininga Ltd (private) 10% Resource Capital Fund VI LP Shares Outstanding 27,276,686 4% Lansdowne Partners Warrants 1,340000@$5.00
Slide 8: Located Within Chile’s Most Prolific Copper Belt
Located Within Chile’s X TSX-V:LA 8 Most Prolific Copper Belt Chile Los Pelambres Argentina Proven & Measured & Inferred Probable Reserves Indicated Resources Resources Project Cu lb billions Cu lb billions Cu lb billions Los Pelambres 15.0 39.2 28.6 X Los Bronces 16.4 8.8 27.9 Vizcachitas Rio Blanc
Slide 9: Surrounded by Mining Majors
TSX-V:LA 9 TSX-V:LA Chile Surrounded by Mining Majors Preference for Projects of Scale Low Capital Intensity M&A gives potential bolt-on development Existing Roads, Power and other infrastructure
Slide 10: Infrastructure Advantages
10 TSX-V:LA Infrastructure Advantages Argentina Vizcachitas Project Low elevation, 1,900 meters above sea level El Soldado X San Felipe 60km from 220KV substation Chagres Port of Substation Ventanas smelter 500lps water rights – Desal Water also studied at PFS Port of Valparaiso Nearby towns with sk
Slide 11: 2019 PEA Economics
11 TSX-V:LA Preliminary Economic Assessment is preliminary in nature, that it includes inferred mineral resources that are 2019 PEA Economics considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and
Slide 12: PFS Optimisation – On Track
12 TSX-V:LA PFS Optimisation – On Track Modern development approach for today’s investor, government, community and climate best practice Metallurgy across the deposit, optimize plant performance, recoveries and economics Design focus on reducing GHG emissions, energy and water consumption • HPGR gr
Slide 13: 2022 Drill Results Shows Scale New Potential to the East and Deep
13 TSX-V:LA 2022 Drill Results Shows Scale New Potential to the East and Deep 2022 Drilling Opens the Deposit Completely to EAST – Hole 12B CMV-012B 861m @ 0.39% CuEq (0.34% Cu, 133 ppm Mo, 0.86 g/t Ag) incl. 331m @ 0.63% CuEq (0.55% Cu, 212 ppm Mo, 1.28 861 m at 0.39% CuEq – g/t Ag) Incl. 331m at 0
Slide 14: 2022 Drill Results Open Potential West
14 TSX-V:LA 2022 Drill Results Open Potential West West Side also Completely Open Hole 11 – 122m of 0.59 % Cu Eq (Detail at Right) CMV-011 1040m @ 0.24% CuEq (0.21% Cu, 67 ppm Mo, Classic Grade 0.71 g/t Ag) Increases at Depth incl. 122m @ 0.59% CuEq (0.50% Cu, 223 ppm Mo, 1.72 g/t Ag) Announced May
Slide 15: High Grade Potential at Surface
15 TSX-V:LA High Grade Potential at Surface + 0.7% Cu Eq Model and Ultimate Pit , CMV 009 152 m at 1.0% Cu Eq (0.94% Cu, 122 ppm Mo, 2.6 ppm Ag)
Slide 16: Community Engagement
16 TSX-V:LA Community Engagement The Vizcachitas Social and political Los Andes Copper 140+ meetings with project is in Central context similar to Community team, different Chile in Putaendo other major Copper based in Putaendo, stakeholders in the Municipality, V operations building last two years
Slide 17: Permitting in Chile
17 TSX-V:LA Permitting in Chile Chile is a mature A sound and robust Los Andes Copper We look to build well-established technical project maintains trust based on secure mining goes through a continuous and impeccable jurisdiction with a rigorous approval proactive regulatory long and large process
Slide 18: Advancing Vizcachitas Development
18 TSX-V:LA Advancing Vizcachitas Development A World-Class Copper Project In a Top Jurisdiction At the Right Time Environment Potential Commencement Immediate Milestones Permits and of commercial Construction operations Completion Funding 2028 Completion of FS 2025-2026 of PFS 2023-24 Q1-2023 Const
Slide 19: Management, Experienced Across Disciplines
19 TSX-V:LA Management, Experienced Across Disciplines SANTIAGO MONTT MANUEL MATTA ANTONY AMBERG IGNACIO MELERO HARRY NIJJAR Interim Chief Executive Officer Senior Mining Project Chief Geologist Director of Corporate Affairs & Chief Financial Officer Consultant Sustainability Santiago is a lawyer fr
Slide 20: Directors
20 TSX-V:LA Directors EDUARDO COVARRUBIAS WARREN GILMAN PAUL MIQUEL Executive Chairman Director Director Oversaw the mining interests of Turnbrook Corporation Mining engineer with over 30 years of experience. Experience working in international investment banking prior to the consolidation of owners
Slide 21: Vizcachitas Mineral Resources
VIZCACHITAS MINERAL RESOURCES (effective date 5 June 2019) • Measured and Indicated Copper Resource of 1.28 billion tonnes at a copper grade of 0.40% and a copper equivalent grade of 0.45%, 11.2 billion pounds of copper, 400 million pounds of molybdenum, 43.3 million ounces of silver Resources CuEq
Slide 22: Drilling Results – Deposit is Open
Drilling Results – Deposit is Open / Holes CMV 1b 10 and 11 Open NW Area Looking East 10 11
Slide 23: Drilling Results – Deposit is Open West
Drilling Results – Deposit is Open West / Holes 10 and 11 Open NW Area Looking Northeast Grade + 0.5% Cu Eq Red, Purple Open West 11 10 1b , 1,177 m at 0.50 % Cu Eq
Slide 24: Open Potential to Undrilled East of CMV 012b
Open Potential to Undrilled East / of CMV 012b Looking South CMV 012b East Side of Breccia – OPEN Holes 10 and 11 Targeting Open NW Area Zoom In + 0.5% and +0.7% Cu Eq Looking East
Slide 25: Deep Potential is Open + 0.7% Cu Eq
Deep Potential is Open + 0.7% Cu Eq / Holes 10 and 11 Targeting Open + 0.7% Cu Eq NW and Model Area Looking Ultimate Pit - PEA East
Slide 26: Appendix
Appendix LOS ANDES COPPERus.
Slide 27: Vizcachitas Mineral Resources (effective date June 2019)
/25 VIZCACHITAS MINERAL RESOURCES (effective d a t e 5 June 2019) Measured and Indicated Copper Resource of 1.28 billion tonnes at a copper grade of 0 . 4 0 % and a copper equivalent grade of 0 . 4 5% Measured a n d indicated: Measured and Indicated Copper Resource increased 3 1 . 2 % 11.2 billion p
Slide 28: Contact
TSX-V:LA LOS A N D E S COPPER /23 TSX-V: LA Contact R. Michael Jones, CEO BLYTHERAY (Financial PR) rmj@losandescopper.com Tim Blythe tim.blythe@blytheweigh.com Harry Nijjar, CFO harry.nijjar@losandescopper.com Megan Ray megan.ray@blytheweigh.com Antony J. Amberg, Chief Geologist antony.amberg@losand
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