Ecora Royalties Plc · LSE:ECOR
Ecora Royalties — Ecora Resources — Merger or Acquisition (July 2023)
11 slides from Ecora Royalties's merger presentation, July 2023
Slide 1: Ecora Resources PLC Vizcachitas Royalty Acquisition
Providing capital to the Providing capital to the mining sector required mining sector required to supply the commodities to supply the commodities central to a sustainable future central to a sustainable future Ecora Resources PLC Vizcachitas Royalty Acquisition July 2023
Slide 2: Disclaimer
Disclaimer The contents of this document are strictly private and confidential and accordingly this document may not be published, reproduced, copied or disclosed to any person other than the recipient's professional advisers without the prior written consent of the Company. • This presentation has
Slide 3: Vizcachitas copper project royalty acquisition for US$20m
Vizcachitas copper project royalty acquistion for US$20m Among largest undeveloped copper projects globally Tier-1 Strong copper Future Facing Robust sustainability copper project fundamental outlook Commodity credentials Amongst largest Transcends electrification Copper amongst Ecora’s Project adop
Slide 4: Transaction summary
Transaction summary Royalty terms Consideration: US$20 million payable at close Royalty Open pit: 0.25% NSR Entitlement(1) Production not achieved by Incremental 0.1% NSR entitlement 30 June 2030 Production not Los Andes right to elect: achieved by 1. Incremental 0.1% NSR entitlement, or 30 June 203
Slide 5: The energy transition will be metal intensive
The energy transition will be metal intensive Electric vehicles are metal intensive(1) Clean energy is dependent on mineral extraction(1) (Kg/vehicle) (Kg/MW) 250 Copper Copper Natural gas Other critical minerals Other critical minerals 200 Coal 150 Nuclear Solar PV 100 Onshore wind 50 Offshore wind
Slide 6: The leading copper growth pipeline in the royalty sector
The leading copper growth pipeline in the royalty sector Illustrative annual copper production(1) (In tonnes 000s) 600 500 400 300 200 100 - Producing In Construction Brownfield Shovel ready Brownfield restart Medium-term Longer-term 1.525% NSR 2.0% NSR 1.525% NSR 2.0% NSR 1.5% NSR 0.25 - 0.55% NSR
Slide 7: Vizcachitas: A tier 1 copper project located in Chile
Vizcachitas: A tier 1 copper project located in Chile Los Pelambres N Reserves Based LOM Unit Cost CHILE Mine Life US$1.25/lb Vizcachitas 26 years El Soldado Ventanas San Felipe Rio Blanco Valparaiso -Andina Year 1-8 Average Annual LOM Average Annual Los Andes Copper Production Copper Production 183
Slide 8: Amongst the largest & lowest cost undeveloped copper deposits
Amongst the largest & lowest cost undeveloped copper deposits One of the largest projects not held by a major(1) C1 cost curve position(1) (Central & South American copper projects with resources >1,500Mt) (2029 - $/lb) $3.5 0.6 $3.0 La Granja 0.5 El Pachon $2.5 Los Chancas Michiquillay Copper grade
Slide 9: Sizable life of mine extension potential
Sizable life of mine extension potential 1 East • Possesses the same mineralisation as the historical centre • Redefines the potential centre of the deposit 2 2 West 1 • 2022 drilling extended the mineralisation to the west • Remains open Resource conversion 3 At Depth 3 Infill drilling has the pote
Slide 10: Base metals at the core of Ecora's commodity exposure
Base metals at the core of Ecora’s commodity exposure NAV by commodity (1) Geographic exposure ~70% ~95% Base metals OECD Copper 30% Vanadium 5% South America 38% Europe 2% Cobalt 24% Uranium 4% North America 37% Other 1% Nickel 17% Steelmaking coal 8% Australia 22% High grade iron ore 6% Other 5% 1
Slide 11: Endnotes
Endnotes Third party information As a royalty and streaming Company, the Group often has limited, if any, access to non-public scientific and technical information in respect of the properties underlying its portfolio of royalties, or such information is subject to confidentiality provisions. As suc