Slide 1: Unique investment opportunity in Argentina's prime copper region
Unique investment opportunity in Argentina’s prime copper region March 2025 1
Slide 2: Disclaimers and forward-looking information
Disclaimers and forward-looking information This pre sen tation (“P resentatio n”) has bee n pre pared by Minsud Resources Corp. (the “Company” or “Minsud”) for information pur poses only. This Pre sen tation doe s not constitute, nor should it be constr ued as, an offer of any securities for sale o
Slide 3: Minsud at a Glance
Minsud at a Glance ◼ Minsud is an advanced junior exploration company listed on the TSX-V: MSR.V ◼ In 2024 South32 purchased 50.1% of Minera Sud Argentina (“MSA”) its Argentinean subsidiary and a Joint Venture was formed. Los Helados Catamarca Lunahuasi Josemaria Filo del Sol The Chita Valley Projec
Slide 4: Our Progress
Our Progress South32 2003 - 2008 2011 2019 2020 2023 2024 2025 Inception & TSX.V listing South32 Earn-In Strategic Early option Infill program 43-101 consolidation Closed Reverse Take Agreement Exploration exercise South32 became the Mineral resource Creation of MSA Over in the TSX-V EIA with South3
Slide 5: Agenda
Agenda 1 Established resource base 2 Exploration upside and growth potential 3 Robust infrastructure and accessibility 4 Lean organization with strategic approach 5 Prime location advantage 6 Partnership with Tier A player 7 Favorable market conditions 5
Slide 6: Established Resource Base
1 Established Resource Base New Resource Estimation at Chinchillones Polymetallic Cluster Indicated Inferred Cu Copper 1.0 bn lbs 2.8 bn lbs Au Gold 0.7 mm Oz 1.7 mm Oz Ag Silver 64 mm Oz 166 mm Oz Mo Molybdenum 15 mm lbs 118 mm lbs Ore (Mt) CuEq (%) Cu (%) Grade Au (g/t) Ag Mo Zn (g/t) (ppm) (%) Cu
Slide 7: Established Resource Base: Metallurgical Approach
1 Established Resource Base Metallurgical Approach Potentially Economical Open at Depth Open-pitable Resource Both copper and molybdenum Primary Contributors: mineralization remain open down Cu, Ag, Zn, and Au dip at depth. Environmental Promising stable residues copper recovery DPOX achieved excell
Slide 8: Exploration upside and growth potential
2 Exploration upside and growth potential ◼ Several exploration targets have been identified as potential PCD clusters to conform a mining district at Chita Valley Drill-ready targets ◼ Path to significant resource ROSANNA: PCD-EPI expansion supported by drillhole assays and documented PLACETAS: CHI
Slide 9: Robust Infrastructure & Accesibility
3 Robust Infrastructure & Accesibility LOCATION 225km from San Juan city, paved routes (only 3 hours drive from the These airport) strategic & ACCESS differentiating Excellent road access, 45 minutes away from the nearest town of Bella factors may Vista have POWER significant A 500/132KV high voltag
Slide 10: Lean organization with strategic approach
4 Lean organization with strategic approach KEY METRICS LEAN ORGANIZATION Minsud’s Capital Structure Strong Safety Unrealized Mineral culture Potential Property TSX.V MSR Share price (Feb 21, 2025) C$ 1.00 No accidents reported Mineralization continues at 100% Owned Market Capitalization C$ 165M dur
Slide 11: Prime Location Advantage
5 Prime Location Advantage With a Supportive Regulatory Framework REGIME FOR THE PROMOTION AND DEVELOPMENT SAN JUAN DISTRICT OF MINING ECONOMIC ACTIVITY ◼ Pro–mining province: Regional government with proven Total Exemption from Gross track record of supportive mining projects, historically represen
Slide 12: Partnership with Tier A player South32
6 Partnership with Tier A player South32 South32 JOINT VENTURE 50.1% is a globally diversified mining company, operating in Australia, South Africa, and South America Presence in Chile through Sierra Gorda, In April 2024, South32 acquired 50.1% and in Argentina through Don Julio1, of MSA. Minsud and
Slide 13: Favorable market conditions
7 Favorable market conditions WHY COPPER? COPPER INDUSTRY TAILWINDS GLOBAL TOTAL COPPER CONSUMPTION (MT) Growth will be supported by continued momentum in green end-use sectors, a broader macroeconomic recovery and the completion 56.0 and ramp-up of semis projects 46.9 50.8 40.1 33.3 34.8 Decarboniz
Slide 14: Summary of Key Investment Highlights
Summary of Key Investment Highlights Established resource base: A first NI43-101 filed for the Chinchillones polymetallic deposit, resulting in 3.8 1 Bn lbs Cu, 2.4 M Oz Au, 230 M Oz ag, plus Mo and Zn, with indicated and inferred categories based on NSR cutoffs. Drilling identified an under-drilled
Slide 15: Appendix
A Appendix 15
Slide 16: Minsud Resources Team
Minsud Resources Team Management Team Agustín Dranovsky Dr. Renato Bobis Michael Johnston President & CEO Exploration Vice President CFO & Corporate Secretary Board of Directors Carlos Ramiro Pablo Lucía Alberto Paul Adamo Massa Taussig Dragonetti Orcoyen Andersen Chairman Director Director Director
Slide 17: Chita Valley project - Best intercepts
Chita Valley project - Best intercepts CHITA VALLEY PROJECT - BEST INTERCEPTS % BEST INTERCEPTS - CHINCHILLONES Cu Au Ag Mo Pb Zn GRADE CUEQ X WIDTH (M%) Hole ID From To Length Zn Eq1 Cu Eq2 (%) (ppm) (ppm) (ppm) (ppm) (ppm) CHDH23-69 456.0 1242.0 786.0 0.43% 0.23 15.78 368 2,587 7,591 3.53% 1.02% C
Slide 18: San Juan Province, an emerging mining district
San Juan Province, an emerging mining district OVERVIEW OF MINERALIZATION IN SAN JUAN POTENTIAL FOR CROSS STRUCUTRES CORRIDOR The Chita Valley project forms part of the premier Cu-Au San Juan province and poised to be the flagship mine in an emerging polymetallic corridor in the Frontal Cordillera o
Slide 19: Large under-drilled Mo-Cu-Au-Re porphyry beneath Chinchillones
The resource base at the polymetallic Chinchillones deposit is underlain by a large under-drilled Mo-Cu-Au-Re porphyry deposit ◼ The Mo distribution at Chinchillones is highly reminiscent of world-class porphyry centres elsewhere (e.g. Butte, Montana) where the high-Mo zones (weak- mod Cu) form the
Slide 20: Near-surface high-grade breccia-hosted polymetallic mineralization at Chinchillones
Drilling at the Chinchillones deposit has identified near-surface high-grade breccia-hosted polymetallic mineralization 20