Slide 1: Growing U.S. Copper Resources
Growing U.S. Copper Resources CORPORATE PRESENTATION June 2024 FDY: TSX I CPPKF: OTCQX A Lundin Group Company
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
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS Significant Resource Growth Through New Discoveries Investment Highlights ▪ Copper Creek is a large Cu-Mo-Ag resource in Arizona, U.S. with over 4.2 Blbs of copper M&I Mineral Resource backstopped by a robust PEA ▪ Significant exploration upside with ongoing drilling and a port
Slide 4: Faraday Copper: Recent History
FARADAY COPPER: RECENT HISTORY Redefining a Dormant Asset President and CEO Paul Harbidge appointed, assembled a Sept 2021 new management team to re-start technical work and completed C$5 million financing Feb 2022 Commenced 6,000-m initial drill program Apr 2022 Rebranded to Faraday Copper May 2022
Slide 5: Located in Arizona Copper Country
LOCATED IN ARIZONA COPPER COUNTRY Arizona Produced ~70% of U.S. Copper in 2023 (USGS) ARIZONA ▪ Near mining and service hubs N Pinto Valley Globe-Miami U.S. / Phoenix (50 km) Resolution ▪ Excellent infrastructure with HIGHWAY access to road, rail and I-79 HIGHWAY I-77 renewable power Ivanhoe Electri
Slide 6: Corporate Overview
CORPORATE OVERVIEW Analyst Coverage Rene Cartier Top Strategic Shareholders Dalton Baretto Lundin Family Connor Mackay Murray Edwards Pierre Lassonde Arun Lamba Financial Overview Ownership C$166.30 M Market Capitalization C$23.0 M Financing (May 30, 2024) 30.1% Strategic Shareholders: 39.3% C$8.8 M
Slide 7: Resource Optimization
RESOURCE OPTIMIZATION Significant Upside to the 4.2 Blbs of Copper M&I Mineral Resource A Open Pit Grade Distribution A’ A Copper Prince Childs Aldwinkle 1,300RL Globe Opportunity Mammoth Copper N Prince Marsha to grow 1,200RL open pits Old Childs 1,100RL where they Reliable Alwinkle are limited 1,0
Slide 8: Phase II Results Show Upside (Post-MRE)
PHASE II RESULTS SHOW UPSIDE (POST-MRE) Drill Hole Assay Results Copper Grade (%) >2.00 1.00 0.70 High-grade High-grade 0.50 intercept intercept 0.31 below below 0.25 Copper Copper 0.13 Prince Giant 0.05 0.00 Block Model Copper Grade (%) >2.00 1.00 0.70 0.50 0.31 0.25 0.13 Potential for 0.00 Potenti
Slide 9: 2024 Metallurgical Results
2024 METALLURGICAL RESULTS Unlocking Significant Upside Coarse Grind Additional Optimization Benefits Gold recovery over Over 95% copper 75% supporting sulphide recovery potential to add gold to the resource Oxide copper Grind energy recovery improved significantly reduced significantly Unlocks proc
Slide 10: Gold Program Results: Keel (Post-MRE)
GOLD PROGRAM RESULTS: KEEL (POST-MRE) Gold Program ▪ Assaying historical material for gold, that was not previously tested, for potential inclusion in future studies Keel Results ▪ Doubled assay coverage with 1,017 new gold assay results in addition to 1,062 historical gold assay results ▪ Gold and
Slide 11: Exploration Data Layers
EXPLORATION DATA LAYERS New Empirical Data Informs Exploration Targeting New Airborne Geophysical Survey (VTEM) New Airborne Spectral Survey N N 500 metres 500 metres New Structural Interpretation New Geophysical Processing (ZTEM) N N 500 metres 500 metres faradaycopper.com I page 11
Slide 12: Potential for New Discoveries
POTENTIAL FOR NEW DISCOVERIES Significant Growth Opportunities in an Underexplored District Holy Joe Fault Mineral Reserves 8 Mineral Resource Targets 3 Mineral Advanced Targets Resource Area 7 Identified Targets 15 Generative Targets Western Fault 33 high priority targets Area 51 across the propert
Slide 13: Resource Expansion Potential
RESOURCE EXPANSION POTENTIAL Significant Growth Opportunities Rum ~4,000 metres Globe Copper Childs Marsha Prince Aldwinkle Potential for Old expansion of pit Reliable Mammoth Bald mineralization, Area 51 ISOMETRIC VIEW which remains LOOKING NORTHEAST open laterally and at depth American Eagle Poten
Slide 14: New Discovery at Area 51
NEW DISCOVERY AT AREA 51 Drill Hole Assay Results Copper Grade (%) Potential to Discovery increase open >2.00 hole at pit mineral 1.00 previously resource with 0.70 mineralization 0.50 undrilled open laterally 0.31 breccia and at depth 0.25 0.13 0.05 0.00 Breccia outline Chalcopyrite Chalcopyrite Qu
Slide 15: Phase III Drill Results
PHASE III DRILL RESULTS Mineralization at Old Reliable Remains Open for Expansion Old Reliable Chalcopyrite Drill Hole Assay Results Block Model Copper Grade Copper Grade (%) (%) Glory Hole >2.00 >2.00 Volcanic 1.00 1.00 clasts 0.70 0.70 0.50 0.50 0.31 0.31 12.67 m at 0.23% Cu, 0.25 0.25 117.00 m at
Slide 16: Drilling at American Eagle and Rum Areas
DRILLING AT AMERICAN EAGLE AND RUM AREAS ▪ Notice of Intent approval N N received from the U.S. Bureau of Land Management in May 2024, Jailhouse Breccia facilitating the next portion of Rum Area the Phase III drill program ▪ American Eagle Area: Targeting American Eagle American near-surface breccia
Slide 17: Environmental & Stakeholder Engagement
ENVIRONMENTAL & STAKEHOLDER ENGAGEMENT Baseline Data Collection and Stakeholder Outreach ENVIRONMENT STAKEHOLDER ENGAGEMENT Baseline environmental monitoring Commitment to open dialogue and systems in place for data collection to support for the local economy and social support permitting process pr
Slide 18: Contact Copper Project
CONTACT COPPER PROJECT Copper Oxide Optionality ▪ 100% owned, 5,900+ acres of patented and unpatented mining claims in northern Nevada Contact Copper Elko ▪ Excellent access to a major highway, power and local mining services ▪ Open pit, heap-leach copper oxide opportunity NEVADA ▪ Deposit open in a
Slide 19: Opportunities and Next Steps
OPPORTUNITIES AND NEXT STEPS Phase II drill Gold Phase III drill Asset Exploration program potential program scalability pipeline Demonstrates Targeting gold Focused on resource Metallurgical program Underexplored potential for inclusion in future expansion and testing supports coarser district at C
Slide 20: Contact Us
Contact Us CONTACT INFORMATION Suite 2800, 1055 Dunsmuir Street PO Box 49225 Vancouver, BC Canada www.faradaycopper.com STACEY PAVLOVA, CFA VP Investor Relations 778-730-1067 info@faradaycopper.com
Slide 21: Appendix
FARADAY COPPER Appendix
Slide 22: Bringing a Senior Mining Company Expertise
BRINGING A SENIOR MINING COMPANY EXPERTISE Senior Mining Company Talent Who Know Great Projects Management Board of Directors Graham Richardson Dr. Thomas Bissig Audra Walsh Robert Doyle Paul Harbidge Chief Financial Officer VP Exploration Russell Ball Prev. CEO, Minas de Prev. CFO, Pan President, C
Slide 23: Copper Creek: Large Land Package
COPPER CREEK: LARGE LAND PACKAGE ▪ ~73 km2 Property offers strategic benefits ▪ Mineral claims include patented claims, unpatented claims and state prospecting permits ▪ Optionality for infrastructure placement ▪ Solar power generation potential ▪ Ranch includes ~26,000 acres of surface rights throu
Slide 24: Copper Creek: Mineral Resources (2023)
COPPER CREEK: MINERAL RESOURCES (2023) Grade Contained Metal Category Tonnes (Mt) Cu Mo Ag CuEq 1 Cu Mo Ag CuEq 1 (%) (%) (g/t) (%) (Mlbs) (Mlbs) (Moz) (Mlbs) Open Pit (OP) Measured 67.2 0.48 0.008 1.2 0.51 710.5 12.5 2.6 751.1 Indicated 59.9 0.31 0.008 0.6 0.33 412.9 10.1 1.1 440.5 M&I 127.1 0.40 0
Slide 25: Copper Creek: Notes to Mineral Resources
COPPER CREEK: NOTES TO MINERAL RESOURCES ▪ CuEq: Copper equivalent; g/t: Grams per tonne; Mlb: Million pounds; Moz: Million troy ounces; Mt: Million tonnes ▪ The mineral resources in this estimate were prepared in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Stand
Slide 26: Copper Creek: PEA Highlights
COPPER CREEK: PEA HIGHLIGHTS Life-of-Mine Average Annual Life-of-Mine Payable Measured and Indicated 51,100 tpa Payable CuEq 2 Production 3.4 Blb CuEq 2 Production 4.2 Blb Copper Mineral Resource a KEY FINANCIAL DATA ANTICIPATED PRODUCTION PROFILE Post-tax NPV(7%) $713 million Mine Life b 32 years T
Slide 27: Copper Creek: PEA Economic Sensitivity
COPPER CREEK: PEA ECONOMIC SENSITIVITY Well-positioned to Leverage the Copper Price $2,000 40% PEA $1,843 29.6% Post-Tax NPV ($ million) $1,500 $1,576 30% Post-Tax NPV (7%) $ M Post-Tax IRR 21.0% Post-Tax NPV (8%) $ M $1,000 20% 15.6% $1,144 $951 Post-Tax IRR % $713 $500 $566 10% $0 0% $3.80 $4.25 $
Slide 28: Endnotes
ENDNOTES 1. Mineral Resource Estimate (“MRE”) copper equivalent values are calculated using commodity type and price, considering the relevant preliminary recovery rate based on domain. For example, sulphide CuEq = [(Cu grade/100 * 0.92 Cu recovery * 2,204.62 * $3.80) + (Mo grade/100 * 0.78 Mo recov
Slide 29: Contact Information
CONTACT INFORMATION STACEY PAVLOVA, CFA Suite 2800, 1055 Dunsmuir Street VP Investor Relations PO Box 49225 778-730-1067 Vancouver, BC Canada info@faradaycopper.com www.faradaycopper.com