Xxix Metal Corp. · TSXV:XXIX
Xxix Metal — Investor Presentation (September 2025)
34 slides from Xxix Metal's investor presentation, Sep 17, 2025
Slide 1: XXIX Metal Corp: A Canadian Copper Powerhouse
XXIX METAL CORP A Canadian Copper Powerhouse XXIX:TSXV | QCCUF:OTCQB Q3 2025 Page <#> XXIX:TSXV | QCCUF:OTCQB Part of the
Slide 2: Grade, Scale & Infrastructure
GRADE, SCALE & INFRASTRUCTURE Two high quality assets with potential to positively impact valuation. Former producers with outstanding infrastructure. Opemiska: one of the highest-grade open pit copper projects in North America with robust MRE. Thierry: largest primary copper resource in Ontario wit
Slide 3: Opemiska: Tier 1 Location with Infrastructure
OPEMISKA: TIER 1 LOCATION WITH INFRASTRUCTURE Easily accessible via well maintained road. Ouje-Bougoumou Chibougamau 18km Brownfield environment. Community support. Opemiska Property Perry Low projected CAPEX Robitaille Springer Cooke Chibougamau Airport Horne Smelter 350km Chapais XXIX:TSXV | QCCUF
Slide 4: Opemiska Was Chibougamau's Single Largest Copper Operation
OPEMISKA WAS CHIBOUGAMAU’S SINGLE LARGEST COPPER OPERATION Opemiska represents 1/3rd of historical regional Historical Production 1954 – 1991 production. Tonnes milled (Mt) 29,475 Copper grade (%) 2.12% +1.3 billion pounds of copper produced at 2% Cu. Copper produced (lbs) 1,376,918,349 Gold grade (
Slide 5: Historical Opemiska Copper Operation
HISTORICAL OPEMISKA COPPER OPERATION Ref: Fonds de la Societe d’Histoire Regionale de Chibougamau XXIX:TSXV | QCCUF:OTCQB Part of the Page 5
Slide 6: Opemiska: Geology
OPEMISKA: GEOLOGY Primarily governed by two geological formations: Ventures and Blondeau. Ventures hosts three of the four Opemiska deposits: • Springer, Perry, Robitaille • Primary copper Blondeau hosts Cooke deposit • Primary gold Opemiska-type Cu-Au veins throughout the property. XXIX:TSXV | QCCU
Slide 7: 2025 Mineral Resource Update: Game Changer
2025 MINERAL RESOURCE UPDATE : GAME CHANGER Indicated Resources: • 69,653 million tonnes @ 1.12% CuEq (1,720 Mlbs) New Opemiska Resource Model: 3D View Inferred Resources: • 80,615 million tonnes @ 0.42% CuEq (746 Mlbs) New Zones of Mineralization: • Stockwork: Additional lower-grade mineralization
Slide 8: Turning Waste into Ore: Reduced Strip Ratio
TURNING WASTE INTO ORE: REDUCED STRIP RATIO Previous Opemiska Resource Model – Looking West New Opemiska Resource Model – Looking West 830m 400m 400m 750m 500m 500m High-grade vein Low-grade stockwork XXIX:TSXV | QCCUF:OTCQB Part of the Page 8
Slide 9: New Resource Model: More Compact Pit
NEW RESOURCE MODEL: MORE COMPACT PIT Indicated Resources (Pit Constrained): New Open Pit Model: • 62,706 million tonnes @ 1.04% CuEq (1,438 Mlbs) • Increased in-pit resource by 240 Mlbs CuEq • High-grade veins remain intact Inferred Resources (Pit Constrained): • Smaller surface footprint • 78,485 m
Slide 10: High Return, Long Life: Envisioning Opemiska
HIGH RETURN, LONG LIFE: ENVISIONING OPEMISKA Operational flexibility in throughput, grade profile, stripping ratio to yield: • Initial high-grade starter pit and minimized initial Capex to enhance rapid payback, • Ongoing strip ratio and grade profile optimization to maximize cash-flow Simple metall
Slide 11: Opemiska Will Grow with Cooke Drilling: Fall 2025
OPEMISKA WILL GROW WITH COOKE DRILLING: FALL 2025 Cooke mineralization (looking southeast) Cooke is a former gold-copper mine located 2.5km from Opemiska’s potential open pit. 5 g/t gold – historical mill head grade. Crown pillar still intact – 700m in strike length 5,000m initial drill program in F
Slide 12: Opemiska Is Central to Chibougamau Consolidation
OPEMISKA IS CENTRAL TO CHIBOUGAMAU CONSOLIDATION Opemiska Scott Lake 2.24 billion lbs @ 0.74% CuEq 2.6 billion lbs @ 8.24% ZnEq Chibougamau Project 840 million lbs @ 3.53% CuEq Monster Lake 573 Koz @ 13.79 g/t Au Notable Companies (Assets) XXIX (Opemiska) IAMGOLD (Monster Lake, Nelligan) IAMGOLD / A
Slide 13: Thierry: Big Surprise
THIERRY: BIG SURPRISE Acquired for $12M – Ontario’s largest primary copper deposit. Significant infrastructure already in place: Thierry Property well-maintained road, airport, power, water. K1 Zone K2 Zone K2 Past Producer • 25Mt @ 1.64% Cu + Ni + PGE G Zone J Zone Pickle Lake • $200M investment in
Slide 14: Thierry K1 – Open Pit Mineralization
THIERRY K1 – OPEN PIT MINERALIZATION K1 Zone MRE: K1 Zone: grade x width model (looking south) Inferred: 53.6 Mt @ .38% Copper 2024 Drill Results confirmed mineralization is open along strike and at depth: • 171m @ 0.527% Cu, 0.134% Ni, 2.36 g/t Ag, 0.059 g/t Pt, 0.177 g/t Pd • Drilled to 400m and o
Slide 15: Thierry K1: New Interpretation
THIERRY K1 – OPEN PIT MINERALIZATION: NEW INTERPRETATION K1 Zone: Section View (A – A’) Surface From sub-parallel tabular zones to bulk mining: • Slight reduction in grade, but Historical Interpretation of • Significant augmentation in tonnage Mineralized Envelopes • Lower mining costs New Interpret
Slide 16: Next Steps: Connecting K2 with K1
NEXT STEPS: CONNECTING K2 WITH K1 Blue Sky Potential - Geophysical (VTEM) trend between K1 and K2 Geophysical anomalies correlate with THIERRY mineralized zones in K1 and K2 PROPERTY Connecting this zone would be transformative for the Thierry Project K1 450 Mlbs @ 0.38% Cu Drilling Proof of Concept
Slide 17: K1–K2 Connection: Trend of Geophysical Anomalies
K1 – K2 CONNECTION: TREND OF GEOPHYSICAL ANOMALIES VTEM SURVEY Interpretation & Total Magnetic Field 0m 1500m K1 K2 XXIX:TSXV | QCCUF:OTCQB Part of the Page 17
Slide 18: Canadian Open Pit Comparables
CANADIAN OPEN PIT COMPARABLES Opemiska’s copper grade is >2x its peer group average. Opemiska’s gold grade is the highest across its peer group. CuEq Grade (%) Copper /Gold Grades (M&I) of Canadian Open Pit Projects Au Grade (g/t) 1.20% 0.35 1.00% 0.3 0.25 0.80% 0.2 0.60% 0.15 0.40% 0.1 0.20% 0.05 0
Slide 19: XXIX Is Significantly Undervalued Relative to Peers
XXIX IS SIGNIFICANTLY UNDERVALUED RELATIVE TO PEERS Market Cap (C$M) Opemiska: One of the highest-grade copper development $/lb CuEq projects in North America. 350 0.040 Thierry: Largest primary copper project in Ontario. 300 ~5 billion pounds combined CuEq. 0.035 Lowest relative valuation: $0.004/l
Slide 20: Roger Project: XXIX Owns 19.9% of Kintavar Exploration
ROGER PROJECT: XXIX OWNS 19.9% OF KINTAVAR EXPLORATION Roger Project Location New polymetallic VMS model at 100%-owned Roger Project with significant discovery upside. Peter Cashin, CEO – historically worked on Roger + responsible for taking Roger underground. Well capitalized: $4.2M cash + investme
Slide 21: Corporate Overview
CORPORATE OVERVIEW KEY METRICS SHARE PRICE - XXIX TSX Venture Exchange XXIX:TSXV Shares Outstanding ~304.79M Warrants, Options & RSUs 29M Share Price $0.10 Basic Market Capitalization ~$30M Cash + Amounts Receivable $8M $1M - 10.7M Baselode shares (FIND:TSXV) Marketable Securities1 $2.7M – 42.75M Ki
Slide 22: Board & Management
BOARD & MANAGEMENT JOEL FRIEDMAN DENIS MCNICHOLS, géo. STEPHEN STEWART GUY LE BEL CFO V.P. EXPLORATION CHAIRMAN CEO Over 10 + years' experience in the Geologist with more than 25 years of 15 years of experience in the resource Over 35 years in strategic and financial mine mining industry experience
Slide 23: XXIX: Part of Ore Group
XXIX : Part of Ore Group consists of in-house technical and financial expertise & is focused on premier jurisdictions & on metals with strong, long-term fundamentals KINTAVAR EXPLORATION AWALE KTR: TSXV METAL ENERGY AMERICAN EAGLE GOLD ARIC: TSXV Copper & Gold exploration MERG: TSXV AE: TSXV Newmont
Slide 24: Forward Looking Statements
FORWARD LOOKING STATEMENTS WE ARE IN THE MINERAL EXPLORATION AND DEVELOPMENT BUSINESS. IT IS INHERENTLY CAUTIONARY STATEMENT REGARDING HISTORICAL RESOURCES RISKY, AND ALL INVESTORS SHOULD BE KEENLY AWARE OF THIS The reader is cautioned that XXIX Corp. has not undertaken any independent This presenta
Slide 25: Guy Le Bel, CEO
Guy Le Bel, CEO glebel@oregroup.ca (416) 644-1567 www.xxix.ca XXIX:TSXV | QCCUF:OTCQB Part of the Page 25 Background: High grade, near surface core at Opemiska
Slide 26: Opemiska Mineralization: Massive Sulphides
OPEMISKA MINERALIZATION: MASSIVE SULPHIDES XXIX:TSXV | QCCUF:OTCQB Part of the Page 26
Slide 27: Opemiska: Three Types of Mineralization
OPEMISKA: THREE TYPES OF MINERALIZATION Massive sulphides: crown pillar, high- grade Veinlets Veinlets: halo left around the massive, mineralization main mineralization. area Quartz vein Disseminated / Stockwork: low grade, marginal but adds tonnage. Disseminated XXIX:TSXV | QCCUF:OTCQB Part of the
Slide 28: Opemiska Mineralization: Veinlets
OPEMISKA MINERALIZATION: VEINLETS XXIX:TSXV | QCCUF:OTCQB Part of the Page 28
Slide 29: Opemiska Mineralization: Disseminated Sulphides
OPEMISKA MINERALIZATION: DISSEMINATED SULPHIDES XXIX:TSXV | QCCUF:OTCQB Part of the Page 29
Slide 30: Thierry K2 – Underground Deposit Growth
THIERRY K2 – UNDERGROUND DEPOSIT GROWTH Thierry K2 Zone MRE: • M&I: 8.8 Mt @ 1.66% Copper • Inferred: 14.9 Mt @ 1.64% Copper Growth: K2 deposit has not seen systematic drilling to test extent of mineralization Over $200 million invested in underground development at today’s cost 2022 PEA by P&E: NPV
Slide 31: Opemiska: Road to Prefeasibility
OPEMISKA: ROAD TO PREFEASIBILITY Evaluate Additional Upside: Opemiska Project Status • More stockwork that can be considered Updated MRE 2025 Complete as part of larger Opemiska model. Drilling Cooke / Robitaille 2025 H2 • Cooke Gold Zone: 3km east of Opemiska PEA 2025 H2 Next 12-18 Months pit with
Slide 32: Thierry: Road to Prefeasibility
THIERRY: ROAD TO PREFEASIBILITY Thierry Project Status $2M - $3.5M capital investment for Updated MRE & PEA systematic drill program at K1 resulting in Data Compilation 80% Complete updated MRE. Geophysique & Systematic Drilling (<10,000m) 2025 H2 Wireframe and Block Model 2025 H2 Updated Global MRE
Slide 33: Opemiska: Highest Grade Copper Open Pit in Canada
OPEMISKA: HIGHEST GRADE COPPER OPEN PIT IN CANADA Primary Copper Grade (%) of Canadian Open Pitable Deposits 0.60 0.50 0.40 Copper Grade (%) 0.30 0.20 0.10 0.00 Opemiska Opemiska Galore Creek Thierry Thierry Bell Red Chris Kwanika Gaspe Poplar Woodjam Huckleberry Mount Polley Highland Copper Yellowh
Slide 34: Thierry: Ontario's Largest Primary Copper Deposit
THIERRY: ONTARIO’S LARGEST PRIMARY COPPER DEPOSIT Significant potential to expand with the robust drill program planned for H2 2025 Copper Resources in Ontario 2,000 1,800 1,600 1,400 Copper Resources (Mlbs) 1,200 1,000 800 600 400 200 0 Thierry Thierry Marathon Lac des Iles Kidd Creek Victor Deep V