Osisko Metals Incorporated · TSX:OM
Osisko Metals — Investor Presentation (December 2024)
21 slides from Osisko Metals's investor presentation, Dec 18, 2024
Slide 1: Canada's leading copper developer
Canada’s leading copper developer December 2024 Gaspé Copper site TSXV: OM OTCQX: OMZNF FRANKFURT: 0B51
Slide 2: Why invest in Osisko Metals
Why invest in Osisko Metals: Canada’s leading critical metals developer Strong balance sheet with current bought-deal financing • C$100M gross proceeds to fund the Gaspé Copper project to a construction decision Experienced, proven leadership team with a history of world-class discovery and developm
Slide 3: Strategic thesis: green, decarbonized future depends on critical metals
Strategic thesis: green, decarbonized future depends on critical metals like copper and zinc Osisko Metals offers exposure to copper (Gaspé Copper) and zinc (Pine Point project) within a Tier One mining jurisdiction. Copper Nickel Cobalt Zinc TSXV:OM OTCQX:OMZNF FRANKFURT:0B51 3
Slide 4: Strategic thesis: green, decarbonized future depends on critical metals
Strategic thesis: green, decarbonized future depends on critical metals like copper and zinc TSXV:OM OTCQX:OMZNF FRANKFURT:0B51 4
Slide 5: Impediments to new supply
Impediments to new supply Sources: S&P Global Market Intelligence and CRU • Global « discovery drought » since 2014 • Lagging spot price with respect to incentivization price • Increasing permitting timelines (Rosemont, Resolution); Global average now 12 years • Jurisdictional risks Long-term copper
Slide 6: Projected copper supply gap to begin in 2025
Projected copper supply gap to begin in 2025 Sources: S&P Global Market Intelligence and CRU TSXV:OM OTCQX:OMZNF FRANKFURT:0B51 6
Slide 7: Two leading critical metals brownfield development projects
Two leading critical metals brownfield development projects in the world’s safest mining jurisdiction Pine Point project: premium zinc and lead exposure • C$100M, four year investment agreement with Appian Natural Resources Fund III for JV to final investment decision • Indicated Mineral Resources o
Slide 8: Gaspé Copper location and support infrastructure
Gaspé Copper location and support infrastructure • Acquired from Glencore Canada in July 2023 • Highway access from Gaspé Copper to deep-sea port, rail, and airport • Neighbouring community of Murdochville • Located in the traditional territory of the Mi’gmaq First Nation of Gespe'gewa’gi • Hydroele
Slide 9: Gaspé Copper produced 142 Mt at 0.9% copper over 44 years
With over 125 km of underground galleries and open pit mine, Gaspé Copper produced 142 Mt at 0.9% copper over 44 years Mine closed in 1999 due to low copper prices (US$0.65/lb) TSXV:OM OTCQX:OMZNF FRANKFURT:0B51 9
Slide 10: Gaspé Copper today is a reclaimed site
Gaspé Copper today is a reclaimed site after C$150M in closure reclamation costs Porphyry Mtn. Oxide Stockpiles Copper Mtn. Pit Mount Former Copper Smelter Water Location Treatment Garages and Plant Administration Buildings TSXV:OM OTCQX:OMZNF FRANKFURT:0B51 10
Slide 11: In-pit Indicated Resource hosts largest undeveloped copper-molybdenum deposit in eastern North America
In-pit Indicated Resource hosts largest undeveloped copper-molybdenum deposit in eastern North America NI 43-101 Mineral Resource Estimate (base case at 0.12% copper cut-off) Copper Tonnes equivalent Copper Copper Copper Molybdenum Molybdenum Molybdenum Silver Silver Class Mt % % M lbs kt % M lbs Kt
Slide 12: Gaspé Copper set to produce clean copper and molybdenum concentrates
Gaspé Copper is set to produce clean copper and molybdenum concentrates with excellent metal grades Recoveries • Copper: 92%-94% with concentrate Cu grades of 24%-28% Payable silver • Molybdenum: 65%-70% with concentrate Mo grades of credit added to the ~59% copper concentrate • Silver: 70% TSXV:OM
Slide 13: Added resource potential: up-dip from Copper Mountain towards Needle Mountain
Added resource potential: up-dip from Copper Mountain towards Needle Mountain COPPER MOUNTAIN INDICATED RESOURCE Felsic Porphyry 824 Mt @ 0.34% CuEq POTENTIAL RESOURCE EXPANSION OF Stockwork Mineralization SYSTEM ABOVE C ZONE TOWARDS NEEDLE Skarn-Manto Mineralization MOUNTAIN 1000m S N Porphyry A Mt
Slide 14: Added resource potential: up-dip from Copper Mountain towards Needle Mountain
Added resource potential: up-dip from Copper Mountain towards Needle Mountain TSXV:OM OTCQX:OMZNF FRANKFURT:0B51 14
Slide 15: Fostering a social license and positive community relationships
Fostering a social license to develop and positive relationships with local communities • Strict environmental standards contribute to building the community’s confidence in the potential reopening of the mine • Focused on mitigating noise pollution, vibrations, and dust generated by the mine, as we
Slide 16: Intent is to carry forward a positive environmental legacy
Intent is to carry forward a positive environmental legacy The restored site is in good condition: • - The retention structures of the accumulation areas are stable. • - The water quality at the final effluent meets the requirements. Planning for pit dewatering: • - Sampling of surface water, pit wa
Slide 17: Gaspé Copper potential to be in production in a rising copper deficit
Gaspé Copper has the potential to be in production in a rising copper deficit market SEVEN YEAR TIMELINE FOR GASPÉ COPPER 2022-2024 2025-2028 2029 2030-2031 • July 2023: • Environmental and • BAPE and • Project financing socio-economic impact closing of Gaspé operating permits and construction studi
Slide 18: Peer group comparison in NA development-stage copper projects
Peer group comparison in NA development-stage North American Copper Development Peers copper projects Company Asset Contained Cu (Bn lbs) M&I Grade (%) Jurisdiction 0.0 2.0 4.0 6.0 8.0 10.0 12.0 Arizona Sonoran Cactus 0.58% Arizona Western Au & Cu Casino 0.14% Yukon Ivanhoe Electric Santa Cruz 1.24%
Slide 19: Recap
Recap Osisko Metals now lead by a senior multi-disciplinary team with a proven track record of high shareholder returns. Strong balance sheet with closing of $100M bought-deal financing – fully financed to advance Gaspé Copper to FID. Gaspé Copper is one of the largest undeveloped copper depos
Slide 20: Forward-Looking Statements & Cautionary Notes Regarding Technical Information
Forward-Looking Statements & Cautionary Notes Regarding Technical Information This presentation (the "Presentation") contains ""forward-looking information" within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this Presen
Slide 21: ir@osiskometals.com | www.osiskometals.com | 514-861-4441
ir@osiskometals.com | www.osiskometals.com | 514-861-4441 TSXV:OM OTCQX:OMZNF FRANKFURT:0B51 21
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