Xxix Metal Corp. · TSXV:XXIX
Xxix Metal — Investor Presentation (January 2026)
26 slides from Xxix Metal's investor presentation, Jan 1, 2026
Slide 1: Investor Presentation Q1 2026
INVESTOR PRESENTATION Q1 2026 XXIX: TSXV | QCCUF: OTCQB | 5LW0: FSE
Slide 2: Grade, Scale & Infrastructure
GRADE, SCALE & INFRASTRUCTURE Two high quality assets: 1. Opemiska: one of the highest-grade open pit copper projects in North America. 2. Thierry: largest primary copper resource in Ontario with potential to increase resource multifold. Significant News Flow in 2026 H1: Fully funded drill programs
Slide 3: Highest Grade Across North American Peers
HIGHEST GRADE ACROSS NORTH AMERICAN PEERS Copper 1.20% Copper Equivalent 1.00% 0.80% Grade (%) 0.60% 0.40% 0.20% 0.00% Opemiska Opemiska (LOM) Kwanika - Stardust Cactus Copper Creek North Island Berg (First 6 Years) Source: Company Public Disclosure. 3
Slide 4: Lowest Initial Capex Across Peer Group
LOWEST INITIAL CAPEX ACROSS PEER GROUP $2,500 $2,000 $1,500 C$ Millions $1,000 $500 $0 Opemiska Kwanika - Stardust Cactus Copper Creek North Island Berg Source: Company Public Disclosure. Projects located in US with US$ amounts have been converted to C$ using an exchange ratio of US$1.00 = C$1.35. N
Slide 5: Opemiska Location
OPEMISKA LOCATION Ouje-Bougoumou Chibougamau • Largest copper deposit in Opemiska Project Chibougamau: • Ind: 69.6Mt @ 1.12% CuEq (1,720 Mlbs) • Inf: 80.6Mt @ 0.42% CuEq (746 Mlbs) • Existing infrastructure project Opemiska derisking. Chapais Airport • District scale with consolidation potential.
Slide 6: Opemiska PEA Highlights
OPEMISKA PEA HIGHLIGHTS Spot Price Base Case After Tax Financial Results After Tax Financial Results Production Summary $897M $505M 64 Mlbs/yr NPV 8% NPV 8% Copper Eq. Produced 39.3% 27.2% 12,500 tpd IRR IRR Daily Throughput 1.7 Years 2.3 Years 17 Years Payback Payback Mine Life Spot Pricing : Base
Slide 7: Optimized Production Metrics
OPTIMIZED PRODUCTION METRICS High-Grade (Year 1 – 6) Life of Mine (17 Years) Operational Snapshot 1.01% 0.70% Mine Life Throughput 17 years 12,500 tpd Average CuEq Grade Average CuEq Grade Mineralized Material 77.2 Mt Annual Production 64 Mlbs CuEq 90 Mlbs 64 Mlbs Copper 44 Mlbs Cu Annual CuEq Produ
Slide 8: Cost Metrics: Operating & Capital Costs
COST METRICS: OPERATING & CAPITAL COSTS LOM Cost Summary (C$M) Total Unit Operating Cost: C$34.52/t processed Initial Capital1 617.3 Water Sustaining Capital 390.9 Management G&A, Closure Costs 40.0 $0.08 $3.16 Total 1,048.2 Initial Capital Breakdown (C$M) Infrastructure 16.2 Electricity and communi
Slide 9: Resource Growth Opportunities
RESOURCE GROWTH OPPORTUNITIES PEA resource is 51% of 2025 Mineral Resource 2025 Mineral Resource Estimate - New Resource Model Estimate. Saddle Zone Saddle Zone: In between existing Springer and Perry pits. Not included in PEA, retaining upside. Cooke Gold Zone: • Ongoing drill program. • Visible go
Slide 10: Opemiska Will Grow with Cooke
OPEMISKA WILL GROW WITH COOKE Opemiska PEA Pit Outline • Cooke is a former gold-copper mine located Robitaille Chibougamau 2.5km from Opemiska’s potential open pit. Copper Zone • 5 g/t gold – historical mill head grade. Springer Perry • Crown pillar still intact – 700m in strike length • 6,000m dril
Slide 11: The Opportunity: Significantly Undervalued
THE OPPORTUNITY: SIGNIFICANTLY UNDERVALUED XXIX is currently trading at 0.08x Opemiska’s NPV – significantly undervalued compared to its peer group, on a market cap to NPV basis. + significant resource upside at Thierry – not receiving any value. Project Berg Opemiska Cactus North Island Copper Cree
Slide 12: Thierry: Ontario's Largest Primary Copper Deposit
THIERRY: ONTARIO’S LARGEST PRIMARY COPPER DEPOSIT Thierry Project • Easily accessible via well maintained road. K2 Zone • Brownfield environment. 861 Mlbs @ 1.65% Cu K1 Zone 450 Mlbs @ 0.38% Cu • Community support. • Low projected CAPEX. Pickle Lake Red Lake 250km Pickle Lake Thunder Bay Airport 450
Slide 13: Thierry K1 – Open Pit Mineralization
THIERRY K1 – OPEN PIT MINERALIZATION K1 Zone: grade x width model (looking south) K1 Zone MRE (2012): Inferred: 53.6 Mt @ .38% Copper 2024 Drill Results confirmed mineralization is open along strike and at depth: • 171m @ 0.527% Cu, 0.134% Ni, 2.36 g/t Ag, 0.059 g/t Pt, 0.177 g/t Pd • Drilled to 400
Slide 14: K1 – K2 Connection: Trend of Geophysical Anomalies
K1 – K2 CONNECTION: TREND OF GEOPHYSICAL ANOMALIES VTEM SURVEY Interpretation & Total Magnetic Field 0m 1500m K1 K2 www.xxix.ca | XXIX:TSXV | QCCUF:OTCQB | 5LW0:FSE 14
Slide 15: Management & Board
MANAGEMENT & BOARD JOEL FRIEDMAN DENIS MCNICHOLS, géo. STEPHEN STEWART GUY LE BEL CFO V.P. EXPLORATION FOUNDER & CHAIRMAN CEO & DIRECTOR Over 10 + years' experience in the Geologist with more than 25 years of 20 years of experience in the resource Over 35 years in strategic and financial mine mining
Slide 16: Corporate Overview
CORPORATE OVERVIEW KEY METRICS SHARE PRICE - XXIX TSX Venture Exchange XXIX:TSXV Shares Outstanding 306.8M Warrants, Options & RSUs 24.7M Share Price $0.12 Basic Market Capitalization $36.8M Cash + Amounts Receivable $9.4M $535k – 2.14M Geiger shares (BEEP:TSXV) Marketable Securities1 $3.2M – 42.75M
Slide 17: XXIX Metal Corp: Part of Ore Group
XXIX Metal Corp : Part of Ore Group consists of in-house technical and financial expertise & is focused on premier jurisdictions & on metals with strong, long-term fundamentals AURIGINAL MINING AWALE AUME: TSXV METAL ENERGY AMERICAN EAGLE GOLD ARIC: TSXV Copper & Gold exploration MERG: TSXV AE: TSXV
Slide 18: Forward Looking Statements
FORWARD LOOKING STATEMENTS WE ARE IN THE MINERAL EXPLORATION AND DEVELOPMENT BUSINESS. IT IS INHERENTLY RISKY, AND ALL CAUTIONARY STATEMENT REGARDING HISTORICAL RESOURCES INVESTORS SHOULD BE KEENLY AWARE OF THIS The reader is cautioned that XXIX Corp. has not undertaken any independent The reader is
Slide 19: Opemiska: Central to Chibougamau Consolidation
OPEMISKA: CENTRAL TO CHIBOUGAMAU CONSOLIDATION www.xxix.ca | XXIX:TSXV | QCCUF:OTCQB | 5LW0:FSE 19
Slide 20: History of Opemiska
HISTORY OF OPEMISKA Discovery • Prospectors XXIX era Airways • Leo Springer Operation Operation • Joe Perry Opemiska Falconbridge Operation Exploration Resource Estimate • Gaston Robitaille Copper Copper Ltd. Minnova Inc. Ex-In 2.4 billion lbs CuEq Mines Ltd. 1929 1936-37 1971 1986 1991 1993 2019 20
Slide 21: Production Schedule
PRODUCTION SCHEDULE Four grade classifications of mineralized material. High-value material processed upfront. Ultra High Grade (UHG) High Grade (HG) Medium Grade (MG) Low Grade (LG) NSR/t ($) Material Processed (Mt) End of Phase 1 End of Phase 2 End of Phase 3 End of Phase 4 End of Stockpile Proces
Slide 22: Profitability Benchmarking
3) PROFITABILITY BENCHMARKING Third most profitable projects across its North American peer group. 3.50 3.00 2.50 Profitability 2.00 1.50 1.00 0.50 0.00 Cactus North Island Opemiska Berg McIlvenna Bay Copper Creek Kwanika - Stardust Source: Company Public Disclosure. Projects located in US with US$
Slide 23: Opemiska Upside: Growth & Upcoming Catalysts
OPEMISKA UPSIDE: GROWTH & UPCOMING CATALYSTS 1) Significant potential to expand economics: PEA uses just 51% of the resource estimate. 2) Extensive drilling at Cooke gold zone for additional near surface resources – visible gold in cored holes. 3) Chibougamau copper zone new copper exploration tar
Slide 24: Thierry K1 – New Interpretation
THIERRY K1 – NEW INTERPRETATION K1 Zone: Section View (A – A’) Surface From sub-parallel tabular zones to bulk mining: • Slight reduction in grade, but Historical Interpretation of • Significant augmentation in tonnage Mineralized Envelopes • Lower mining costs New Interpretation of Mineralized Enve
Slide 25: Next Steps: Connecting K2 with K1
NEXT STEPS: CONNECTING K2 WITH K1 Blue Sky Potential - Geophysical (VTEM) trend between K1 and K2 Geophysical anomalies correlate with THIERRY mineralized zones in K1 and K2 PROPERTY Connecting this zone would be transformative for the Thierry Project K1 450 Mlbs @ 0.38% Cu Drilling Proof of Concept
Slide 26: Development Timeline: Upcoming Catalysts
DEVELOPMENT TIMELINE: UPCOMING CATALYSTS 2025 2026 Q4 Q1 Q2 Q3 Q4 Opemiska Project Cooke Gold Zone Drilling Environmental Baseline Studies Pre Feasibility Study (PFS) Thierry Project K1 Zone Drill Program K2 Zone Data Validation Corporate Strategic / Cornerstone Investor Ongoing stakeholder engageme