Xxix Metal Corp. · TSXV:XXIX
Xxix Metal — Investor Presentation (January 2026)
28 slides from Xxix Metal's investor presentation, Jan 20, 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: potentially one of the highest-grade open pitable copper projects in North America. 2. Thierry: currently the largest primary copper resource in Ontario with potential to increase resource multifold. Significant News Flow in 2026 H1
Slide 3: Highest Grade Across North American Peers
HIGHEST GRADE ACROSS NORTH AMERICAN PEERS Copper 1.20% Copper Equivalent 1.00% 0.80% 0.60% Grade (%) 0.40% 0.20% 0.00% Opemiska* Opemiska (LOM)* Kwanika - Stardust Cactus Copper Creek North Island Berg (First 6 Years) *see Cautionary Note Regarding Copper Equivalent Grades (Slide 18). Source: NI 43-
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 $0 Opemiska Kwanika - Stardust Cactus Copper Creek North Island Berg Projects located in US with US$ amounts have been converted to C$ using an exchange ratio of US$1.00 = C$1.35. Note: Opemiska CAPEX net of expected
Slide 5: Opemiska Location
OPEMISKA LOCATION Ouje-Bougoumou Chibougamau • Largest copper resource1 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 potentia
Slide 6: Opemiska PEA Highlights
OPEMISKA PEA HIGHLIGHTS Spot Price Base Case* After Tax Financial Results After Tax Financial Results Production Summary $897M $505M 64 Mlbs/yr NPV 8% NPV 8% Copper Eq. Produced 39.3% 27.2% 12,500 tpd IRR IRR Daily Throughput 1.7 Years 2.3 Years 17 Years Payback Payback Mine Life Spot Pricing : Base
Slide 7: Optimized Production Metrics
OPTIMIZED PRODUCTION METRICS High-Grade (Year 1 – 6) Life of Mine (17 Years) Operational Snapshot 1.01% 0.70% Mine Life Throughput 17 years 12,500 tpd Average CuEq Grade Average CuEq Grade Mineralized Material 77.2 Mt Annual Production 64 Mlbs CuEq 90 Mlbs 64 Mlbs Copper 44 Mlbs Cu Annual CuEq Produ
Slide 8: Cost Metrics: Operating & Capital Costs
COST METRICS: OPERATING & CAPITAL COSTS Life of Mine Cost Summary (C$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 an
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 potential upside. Cooke Gold Zone: • Visible gold in cored
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 dri
Slide 11: The Opportunity: Significantly Undervalued
THE OPPORTUNITY: SIGNIFICANTLY UNDERVALUED XXIX is currently trading at 0.09x 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 Opemiska Berg 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. • Brownfield environment. K1 Zone Inferred: 53.6Mt @ 0.38% Cu (450 Mlbs) • Community support. K2 Zone Indicated: 8.8 Mt @ 1.66% Cu (322 Mlbs) Inferred: 14.9 Mt @ 1.64% Cu (538 Mlbs) Pickl
Slide 13: Thierry K1 – Updated Geological Model
THIERRY K1 – UPDATED GEOLOGICAL MODEL K1 Zone MRE (2021)*: Inferred: 53.6 Mt @ .38% Copper New bulk mineable, open pit model resulting from data validation. (see news release dated January 16, 2026) Significant mineralization potential outside of existing resource. Increasing grade with depth. *Hist
Slide 14: Thierry K2 – High-Grade Underground
THIERRY K2 – HIGH-GRADE UNDERGROUND K2 Zone MRE (2021)*: M&I: 8.8Mt @ 1.66% Cu Inferred: 14.9Mt @ 1.64% Cu High-grade, underground deposit. Data validation nearing completion – over 210,000 metres of drilling across K1 and K2. *Historical resource. Source: Technical Report on the Thierry Copper-Nick
Slide 15: Thierry – Systematic IP Survey
THIERRY – SYSTEMATIC IP SURVEY Strong IP anomalies between K1 and K2, east of K1 and west of K2 – district scale exploration targets. Potential sulphide mineralization between K1 and K2. N 250 0 250 metres www.xxix.ca | XXIX:TSXV | QCCUF:OTCQB | 5LW0:FSE 15
Slide 16: 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 17: 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 (Jan 16, 2026) $0.145 Market Capitalization $45M Cash + Amounts Receivable $9.4M $600k – 2.14M Geiger shares (BEEP:TSXV) Marketable Securities1 $3.2M
Slide 18: XXIX Metal Corp: Part of Ore Group
XXIX Metal Corp : Part of Ore Group consists of in-house technical and financial expertise & is focused on premier jurisdictions & on metals with strong, long-term fundamentals AURIGINAL MINING AWALE AUME: TSXV METAL ENERGY AMERICAN EAGLE GOLD ARIC: TSXV Copper & Gold exploration MERG: TSXV AE: TSXV
Slide 19: Opemiska: Central to Chibougamau Consolidation
OPEMISKA: CENTRAL TO CHIBOUGAMAU CONSOLIDATION Opemiska Scott Lake Ind: 3.57Mt @ 0.95% Cu, 4.17% Zn, 37.2 Chibougamau Project Ind: 69.6Mt @ 1.12% CuEq (1,720 Mlbs) g/t Ag, 0.22 g/t Au M&I: 14.9Mt @ 3.0% CuEq (465 Mlbs) Inf: 80.6Mt @ 0.42% CuEq (746 Mlbs) Inf: 14.28Mt @ 0.78% Cu, 3.49% Zn, Inf: 8.5Mt
Slide 20: History of Opemiska
HISTORY OF OPEMISKA Discovery • Prospectors XXIX era Airways • Leo Springer Operation Operation • Joe Perry Opemiska Falconbridge Operation Exploration Resource Estimate • Gaston Robitaille Copper Copper Ltd. Minnova Inc. Ex-In Ind: 69.6Mt @ 1.12% CuEq Mines Ltd. Inf: 80.6Mt @ 0.42% CuEq 1929 1936-3
Slide 21: Production Schedule
PRODUCTION SCHEDULE Four grade classifications of mineralized material. High-value material processed upfront. Ultra High Grade (UHG) High Grade (HG) Medium Grade (MG) Low Grade (LG) NSR/t ($) 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 3.50 Third most profitable projects across its North American peer group. 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 Projects located in US with US$ amounts have been converted to C$ u
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) Drilling at Saddle & Cooke gold zone for additional near surface resources: visible gold in cored holes. 3) Chibougamau copper zone new copper exploration targe
Slide 24: 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 24
Slide 25: Development Timeline: Upcoming Catalysts
DEVELOPMENT TIMELINE: UPCOMING CATALYSTS 2026 Q1 Q2 Q3 Q4 Opemiska Project Saddle + 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 engagem
Slide 26: Forward Looking Statements
FORWARD LOOKING STATEMENTS WE ARE IN THE MINERAL EXPLORATION AND DEVELOPMENT BUSINESS. IT IS INHERENTLY RISKY, AND ALL INVESTORS SHOULD BE KEENLY AWARE OF THIS The reader is advised that the Preliminary Economic Assessment summarized in this presentation is intended to provide only an initial, high-
Slide 27: Risk Factors
RISK FACTORS An investment in the Company’s securities is speculative and is subject to a number of risks and uncertainties that should be considered by a prospective investor. Prospective investors should carefully consider the risk factors described under "Risks and Uncertainties" in the Company's
Slide 28: Risk Factors
RISK FACTORS STATUTORY RIGHTS OF ACTION FOR DAMAGES OR RESCISSION FOR CANADIAN INVESTORS The following is a summary of rights of rescission or damages, or both, available to purchasers resident in the province of Ontario, New Brunswick, Nova Scotia and Saskatchewan. If there is a misrepresentation h