Faraday Copper Corp · TSX:FDY

Faraday Copper — Investor Presentation (December 2022)

48 slides from Faraday Copper's investor presentation, December 2022

  1. Slide 1: Developing U.S. Domestic Sources of Copper

    Developing U.S. Domestic Sources of Copper ANALYST PRESENTATION December 2022

  2. Slide 2: Cautionary Statement

    CAUTIONARY STATEMENT Some of the statements in this presentation, other than statements of historical fact, are “forward-looking statements” and are based on the opinions and estimates of management as of the date such statements are made and are necessarily based on estimates and assumptions that a

  3. Slide 3: Why Invest in Faraday Copper?

    WHY INVEST IN FARADAY COPPER? Building a Premier North American Copper Exploration and Development Company ASSETS CAPITAL CATALYSTS  Copper Creek, AZ: one of the largest  Well funded to advance and  TSX listing completed (Nov 2022) undeveloped copper projects in de-risk two copper projects North

  4. Slide 4: Lack of U.S. Copper Development Projects

    LACK OF U.S. COPPER DEVELOPMENT PROJECTS Copper Creek is a Sizable U.S. Copper Development Project Held by a Junior Grade and Contained M&I Mineral Resources (CuEq) (2) 1,335 Active, Development-Stage Copper Primary 1.0% 6.0 Projects Globally Public Company 0.9% Private Company Contained CuEq M&I (B

  5. Slide 5: Faraday Copper: Compelling Investment

    FARADAY COPPER: COMPELLING INVESTMENT Peers with U.S.-based Copper Development Projects Enterprise Value / M&I Mineral Resources Price / Net Asset Value (3) (US¢/lb CuEq) (1)(2) 25.0¢ 1.0x 0.9x 20.5¢ 20.0¢ 0.8x 16.3¢ 15.0¢ 0.6x 0.5x Average (excluding Faraday): 0.4x 0.4x 10.0¢ 0.4x 0.4x 0.3x 5.0¢ Av

  6. Slide 6: Bringing a Senior Mining Company Expertise

    BRINGING A SENIOR MINING COMPANY EXPERTISE MANAGEMENT Paul Harbidge Graham Richardson Dr. Thomas Bissig Zach Allwright Aaron Cohn Angela Johnson Stacey Pavlova President, CEO & Director Chief Financial Officer VP Exploration VP Projects & VP & Country VP Corp Development VP Investor Relations Evalua

  7. Slide 7: Faraday Copper: Corporate Overview

    FARADAY COPPER: CORPORATE OVERVIEW Listed on the TSX November 3, 2022 under the symbol FDY C$13.5 M C$68.0 M 123.3 M 14.9 M 12.5 M 1.8 M Cash & Market Shares Options Warrants Restricted Equivalents Capitalization Outstanding Share Unites (Sept 30, 2022) Financing Shareholders (May 2022) C$20 M Priva

  8. Slide 8: Copper Creek

    COPPER CREEK PINAL COUNTY, AZ

  9. Slide 9: Copper Creek: Top Mining Jurisdiction

    COPPER CREEK: TOP MINING JURISDICTION  100% owned property in Pinal County, Pinto Valley Arizona, USA Arizona — a top ranked mining Globe-Miami jurisdiction in the world ARIZONA Resolution Ray Morenci  Near mining and service hubs: ~120 road km northeast of Tucson Copper Creek ~25 road km northeas

  10. Slide 10: Copper Creek: Property Package

    COPPER CREEK: PROPERTY PACKAGE  ~41 km2 property package  Contiguous group of patented and unpatented Federal claims and Arizona prospecting permits Within the mineral claims boundary there is:  No urbanization or residential footprint  No protected national forest Mineral Resource  No protecte

  11. Slide 11: Copper Creek: Surface Geology

    COPPER CREEK: SURFACE GEOLOGY Pleistocene to Quaternary Galiuro Volcanics (Paleogene) Laramide Porphyry Laramide Granodiorite Glory Hole Volcanics Mesozoic Sedimentary Rocks Paleozoic Sedimentary Rocks Proterozoic Metasedimentary Rocks Proterozoic Intrusive Rocks Veins Interpreted faults faradaycopp

  12. Slide 12: Copper Creek: Surface Vein Mapping

    COPPER CREEK: SURFACE VEIN MAPPING faradaycopper.com I page 12

  13. Slide 13: Copper Creek: Geophysical Data

    COPPER CREEK: GEOPHYSICAL DATA Aeromag Reduced to Pole Ground Magnetics Reduced to Pole ZTEM inversion 350m depth slice A ZTEM inversion through Mammoth Bx, NE-SW section A’ A faradaycopper.com I page 13

  14. Slide 14: Copper Creek: Surface Geochemistry

    COPPER CREEK: SURFACE GEOCHEMISTRY Well defined zonation with Cu and Mo in the core and a Mn-Zn halo Sb anomalies extending to NW and S faradaycopper.com I page 14

  15. Slide 15: Alteration

    COPPER CREEK: ALTERATION  District hydrothermal alteration dominated by secondary biotite and patchy K-feldspar  Quartz tourmaline primarily in breccia pipe cement and disseminated in mineralizing porphyry textured rocks  Silicification and sericite alteration governed by sheeted vein and breccia

  16. Slide 16: Age Dating

    COPPER CREEK: AGE DATING  Lithologies  Glory Hole Volcanics: 63 Ma  Copper Creek Batholith: 62 Ma  Porphyry Phases (6): 62 - 61 Ma  Mineralization  Molybdenite: 61 - 58 Ma  Alteration  Sericite: 62 - 60 Ma faradaycopper.com I page 16

  17. Slide 17: Copper Creek: Large Mineralized System

    COPPER CREEK: LARGE MINERALIZED SYSTEM DEEP/EARLY MINERALIZATION SHALLOW/LATE MINERALIZATION 1 cm Quartz-sericite alteration A-vein, K-spar alteration, Breccia chalcopyrite- Myarolitic Cavity Early Halo Vein with molybdenite and anhydrite chalcopyrite D-veins quartz cement faradaycopper.com I page 1

  18. Slide 18: Paragenetic Sequence

    COPPER CREEK: PARAGENETIC SEQUENCE American Eagle: K-feldspar American Eagle: quartz vein cut by A-vein tourmaline vein with sericite halo faradaycopper.com I page 18

  19. Slide 19: Copper Creek: Geological Model

    COPPER CREEK: GEOLOGICAL MODEL Legend  Mineralization centred on Copper Creek batholith (Laramide age) Vein Breccia  Emplaced into Precambrian and Paleozoic sediments and Paleocene Glory Hole Porphyry Volcanics Copper Creek Batholith  The district is marked by over 400 breccias, concentrated in t

  20. Slide 20: Copper Creek: Geological Model

    COPPER CREEK: GEOLOGICAL MODEL Batholith Zonation SE NW Cu %  Copper Creek Batholith (~62 Ma) intrudes Glory Hole American Eagle Volcanics (~63 Ma) in the west and Proterozoic Old Mammoth metamorphic rocks in the east Reliable  Th/Sc ratios show batholith zonation with the highest Diorite border c

  21. Slide 21: Copper Creek: Geological Model

    COPPER CREEK: GEOLOGICAL MODEL Alteration  Alteration of early-halo veins consist of A Mammoth American Eagle B Feldspar Alteration Diagram biotite-muscovite-sericite-potassium feldspar  More intense potassic alteration localized in the Keel zone (magmatic cupola)  Some early-halo veins are explo

  22. Slide 22: Copper Creek: Geological Model

    COPPER CREEK: GEOLOGICAL MODEL MRE Underpinned by Geological Model Key takeaways  Integration of multiple empirical datasets NW SE  Main deposit is comprised of the Mammoth and deep Keel system  Dimensions: ~430 m x 270 m with 1,430 m vertical extent  Highest grades of mineralization near surfac

  23. Slide 23: Copper Creek: Mineral Resources (July 2022)

    COPPER CREEK: MINERAL RESOURCES (July 2022) 83% of Combined Open Pit and Underground MRE is in the M&I Category Tonnes Cu Mo Ag CuEq Cu Mo Ag CuEq Category (Mt) (%) (%) (ppm) (%) (Mlbs) (Mlbs) (Moz) (Mlbs) Open Pit NI 43-101 MRE M&I 84.6 0.55 0.009 1.3 0.58 1,030.6 16.0 3.6 1,082.5 Inferred 29.3 0.3

  24. Slide 24: Significant Scale Potential

    COPPER CREEK: SIGNIFICANT SCALE POTENTIAL Open Pit and Bulk Underground Extraction Potential Open Pit Grade Distribution A 1,300RL Globe Copper A Copper Prince Old Reliable A’ N Prince Marsha 1,200RL OPEN PIT Old Childs Reliable Aldwinkle 1,100RL A’ Mammoth Bald 100 metres 500 metres PLAN VIEW Under

  25. Slide 25: Copper Creek: Grade-Tonnage Sensitivity

    COPPER CREEK: GRADE-TONNAGE SENSITIVITY Offers Optionality for Higher-Grade or Larger-Tonnage Operation Open Pit Mineral Resources Sensitivity Measured and Indicated Inferred Cut-off Grade Tonnes CuEq Grade Contained Metal Tonnes CuEq Grade Contained Metal (CuEq %) (Mt) (CuEq %) (CuEq Mlb) (Mt) (CuE

  26. Slide 26: Copper Creek: Metallurgical Test Work

    COPPER CREEK: METALLURGICAL TEST WORK High Metal Recoveries and Clean Quality Concentrate  18 composites tested for metallurgical recoveries  Open cycle Cu-Mo second cleaner flotation testing supports copper recoveries of 92% in Sulphide domain  Sulphide domain represents 92% of total MRE tonnes

  27. Slide 27: Copper Creek: Metallurgical Test Work

    COPPER CREEK: METALLURGICAL TEST WORK MSRDI Consultants (1997) METCON (2008 - 2012) Rougher flotation tests on 4 composite samples: Rougher flotation tests were on 14 composite samples  3 composites [Childs Aldwinkle breccia]  Keel & American Eagle  1 composite [Mammoth breccia]  Mid grade Globe

  28. Slide 28: Copper Creek: Technical Study Evolution

    COPPER CREEK: TECHNICAL STUDY EVOLUTION Mass Mining Options from Open Pit & Underground: Historically Deemed Viable 1997 AMT FS (50% earn-in from BHP). Included Childs Aldwinkle, Mammoth and Old Reliable for 5,000tpd 1997 Independent review (value engineering) 2000 AMT FS update. Lower Mammoth-Keel

  29. Slide 29: Copper Creek: Potential Infrastructure

    COPPER CREEK: POTENTIAL INFRASTRUCTURE Property Presents Optionality on Infrastructure Placement  All infrastructure prioritizes private surface  Potential mill placement ~2 km to the west of mining activity, situated on favorable topography  PEA will investigate material handling options, includ

  30. Slide 30: Copper Creek: Potential Infrastructure

    COPPER CREEK: POTENTIAL INFRASTRUCTURE Potential Mill Location Isometric view looking northeast faradaycopper.com I page 30

  31. Slide 31: Copper Creek: Independent Consultants

    COPPER CREEK: INDEPENDENT CONSULTANTS Updated Mineral Resource Estimate and Preliminary Economic Assessment  SRK Consulting, Ausenco Engineering, Call & Nicholas Deliverable Consultant Location Scope (CNI) and Westland to deliver an updated MRE and PEA Mineral in Q2 2023 Resource SRK Denver Deliver

  32. Slide 32: Copper Creek: A Development Story

    COPPER CREEK: A DEVELOPMENT STORY Optimization Opportunities Supported by over US$80 M of Data GEOTECHNICAL METALLURGICAL Core Logging and Televiewer Flotation Testwork Data Comminution Testwork Stability Analysis Mineralogical Studies Structural and Fragmentation Cu:Mo Separation Analysis Testwork

  33. Slide 33: Copper Creek: Phase I Drill Program Results

    COPPER CREEK: PHASE I DRILL PROGRAM RESULTS  Intercepted high-grade copper mineralization at the 26.0 m at 0.76% Cu, Mammoth breccia (FCD-22-008) A A’ 0.67 g/t Ag, from surface  Defined new near-surface mineralized zones within 60 m from Childs Aldwinkle (FCD-22-005) Mammoth Breccia  Expanded the

  34. Slide 34: Copper Creek: Phase I Drill Program Results

    COPPER CREEK: PHASE I DRILL PROGRAM RESULTS  Intersected significantly higher-grade mineralization in the underground footprint at Keel compared to the MRE (FCD-22-007) A’ A  Mineralization remains open at Keel with Legend planned follow up drilling Mammoth Pit Shell with Mineral Resource Model (J

  35. Slide 35: Copper Creek: Phase II Drill Program

    COPPER CREEK: PHASE II DRILL PROGRAM  Planned 10,000-metre diamond drill Glory program commenced on October 30, 2022, N Hole with objectives including:  Expanding the open pit mineral resource Marsha  Better delineating the high-grade Copper Prince mineralized zones in the underground mineral res

  36. Slide 36: Copper Creek: District Exploration Upside

    COPPER CREEK: DISTRICT EXPLORATION UPSIDE Most of the Drilling is Within the Resource Area, Offering Significant Untested Upside Rum Mineral Reserves Gin Blue Bird 7 Mineral Resource Canyon Targets FW Canyon 5 HW S-23 Advanced Targets Pisco Sycamore SW- 9 Wedge Follow-up Targets SE- Area 12 Area Ide

  37. Slide 37: ESG Framework

    ESG FRAMEWORK Bringing a Senior Company Approach to ESG TECHNICAL EXCELLENCE ENVIRONMENT Utilizing empirical evidence to support technical decisions A responsible steward of the natural environment  MRE underpinned by a geological model  On-going baseline and monitoring programs, U.S.  Empirical

  38. Slide 38: Project Timeline & Milestones

    PROJECT TIMELINE & MILESTONES 2022 2023 2024 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Copper Creek, Arizona Environmental data gathering Strategic review of existing data Phase 1 diamond drilling Geological model developed Updated mineral resource estimate Geotechnical studies Metallurgical test work Pha

  39. Slide 39: The next U.S. source of copper

    The next U.S. source of copper  Scarcity of development-ready copper projects  Large undeveloped Mineral Resource  Significant exploration upside

  40. Slide 40: Appendix

    FARADAY COPPER APPENDIX

  41. Slide 41: Copper Creek: Mineral Resources (July 2022)

    COPPER CREEK: MINERAL RESOURCES (July 2022) Grade Contained Metal Category Tonnes (Mt) Cu Mo Ag CuEq Cu Mo Ag CuEq (%) (%) (g/t) (%) (Mlbs) (Mlbs) (Moz) (Mlbs) Open Pit (OP) Measured 38.9 0.68 0.010 1.8 0.72 584.2 8.7 2.2 614.6 Indicated 45.7 0.44 0.007 0.9 0.46 446.4 7.2 1.3 467.8 M&I 84.6 0.55 0.0

  42. Slide 42: Copper Creek: Notes to Mineral Resources

    COPPER CREEK: NOTES TO MINERAL RESOURCES  The Mineral Resources in this estimate were calculated using the CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines (CIM, 2014) prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council.  All dollar a

  43. Slide 43: Copper Creek: Project History

    COPPER CREEK: PROJECT HISTORY Year Year 1903 Copper Creek Mining Company acquired claims AMT acquired Copper Creek from Magma and conducted extensive drilling, 1994 geochemical sampling, ground magnetic and radiometric surveys Calumet and Arizona Mining Company (C&A) explored the Copper Giant, Coppe

  44. Slide 44: Copper Creek: MRE Assumptions & Methodology

    COPPER CREEK: MRE ASSUMPTIONS & METHODOLOGY Key Assumptions Methodology Open Pit  Grade estimation based on parent blocks of 20 m (X-Y-Z)  Reasonable prospects for eventual economic extraction (“RPEEE”)  Raw assay samples were averaged into 6.1 m composites constrained within estimation domains a

  45. Slide 45: Copper Creek: Grade-Tonnage Curves

    COPPER CREEK: GRADE-TONNAGE CURVES Grade-Tonnage Curve: Open Pit M&I Mineral Grade-Tonnage Curve: Open Pit Inferred Mineral Resources Resources 180 1.4 70 1.2 160 60 Average CuEq grade above cut-off (%) 1.2 Average CuEq grade above cut-off (%) 1 140 Tonnes above cut-off (Mt) Tonnes above cut-off (Mt

  46. Slide 46: Copper Creek: Metallurgical Test Work

    COPPER CREEK: METALLURGICAL TEST WORK METCON (2008-2012) Cu-Mo second cleaner flotation test results on composite samples  Rougher flotation tests on 14 composite samples  Keel & American Eagle  Mid grade Globe breccia  High grade Globe breccia  Strongly oxidized Copper Prince  Weakly to unoxi

  47. Slide 47: Intrusive Phases

    COPPER CREEK: INTRUSIVE PHASES Example: American Eagle Breccia faradaycopper.com I page 47

  48. Slide 48: Contact Information

    CONTACT INFORMATION STACEY PAVLOVA Suite 250, 200 Burrard Street VP Investor Relations Vancouver, BC Canada 778-730-1067 www.faradaycopper.com info@faradaycopper.com

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