Osisko Metals Incorporated · TSX:OM
Osisko Metals — Investor Presentation (June 2023)
36 slides from Osisko Metals's investor presentation, Jun 9, 2023
Slide 1: Canada's Leading Base Metal Developer Corporate Presentation
Gaspé Copper Site Canada’s Leading Base Metal Developer Corporate Presentation June 2023 TSXV: OM OTCQX: OMZNF FRANCFORT: 0B51
Slide 2: Forward-Looking Statements & Cautionary Notes Regarding Technical Information
Forward-Looking Statements & Cautionary Notes Regarding TechnicalInformation 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 Present
Slide 3: Energy transition metals - long-term demand
Energy transition metals - long-term demand Cu Ni Co Zn 3
Slide 4: Energy transition metals - demand by sector
Energy transition metals - demand by sector 4
Slide 5: Discovery drought – the case for copper
Discovery drought – the case for copper 5
Slide 6: Incentive copper price is on the rise
Incentive copper price is on the rise A long-term price of US$4.50/lb is necessary for the advancement of most developing copper projects. 6
Slide 7: OM Project Locations
OM Project Locations Osisko Metals Projects Head Office 7
Slide 8: Gaspé Copper - Location and Support infrastructure
Gaspé Copper - Location and Support infrastructure Site Characteristics • Highway access from Gaspé Copper to deep-sea ports and airports • Neighboring community of Murdochville • Green hydroelectric available on site • 60 MW of green wind power generation surrounding the mine site 8
Slide 9: Gaspé Copper Mine Circa 1990
Gaspé Copper Mine Circa 1990 9
Slide 10: Long History of Production – 44 years (1955-1999) 142 Mt @ 0.9% Cu
Long History of Production – 44 years (1955-1999) 142 Mt @ 0.9% Cu 10
Slide 11: Murdochville Today
Murdochville Today OSISKO
Slide 12: Gaspé Copper Today – Reclaimed Site
Gaspé Copper Today – Reclaimed Site Porphyry Mtn. Oxide Stockpiles Copper Mtn. Pit $150 M in Mount Closure Former Copper Reclamation Smelter Costs Water Location Treatment Garages and Plant Administration Buildings 12
Slide 13: Gaspé Copper Today – Reclaimed site
Gaspé Copper Today – Reclaimed site High Neutralization potential by calcareous host rocks – calcite neutralizes acid effluents 13
Slide 14: Gaspé Copper – Mount Copper Expansion Project
Gaspé Copper – Mount Copper Expansion Project Porphyry Mtn. Mount Copper Murdochville Needle Mtn. 14
Slide 15: The Largest Untapped Copper Resource in Eastern North America
The Largest Untapped Copper Resource in Eastern North America Exceptional location for mining development in North America • Located near the community of Murdochville • Located in the claimed territory of the Mi’gmaq First Nation of Gespeg • Quebec is a very mining-friendly jurisdiction • Gaspé Min
Slide 16: Gaspe Copper Acquisition Overview
Gaspe Copper Acquisition Overview Option Terms Price to Pay upon US$25,000,000 through issuance of a convertible note. Exercise of Option The note will be convertible by Glencore into units of Osisko Metals at a price of $0.40 per unit. Each unit will consist of one share and a half-warrant. Each Co
Slide 17: Gaspe Copper Cross Section (Looking NW)
Gaspe Copper Cross Section (Looking NW) PRODUCTION NEEDLE MTN* A Zone: 14 Mt @ 0.70% Cu COPPER MTN PRODUCTION * Oxidized Stockpiled Material* B Zone: 14.0 Mt @ 1.20% Cu 72 Mt @ 0.37% Cu, 0.02% Mo 31.4 Mt @ 0.35%CuOx C Zone: 33.0 Mt @ 1.60% Cu, E Zone: 9.0 Mt @ 2.80% Cu, 70 Mt @ 1.50% Cu 1000m S N Po
Slide 18: Over 3.1 Billion Pounds of Contained Copper
Over 3.1 Billion Pounds of Contained Copper Copper Sulfide Grade Copper Copper Tonnage Tonnage Classification Cut-Off (Mt) Total (%) Sulfide (%) Pounds Tonnes (%) 0.12 533 0.326 0.285 3,353,000,000 1,521,000 0.14 498 0.337 0.296 3,253,000,000 1,475,000 0.16 456 0.351 0.310 3,113,000,000 1,412,000 0.
Slide 19: Mount Copper - 2022 Definition Drilling Program
Mount Copper - 2022 Definition Drilling Program Copper Mtn. 19
Slide 20: Gaspé Copper – 2022 Drilling Highlights
Gaspé Copper – 2022 Drilling Highlights Composite Highlights of Intersected Mineralization Vertical Drill Hole From – To (m) Length (m) Cu (%) Ag (g/t) Mo (%) 225.0 – 1236.0 1011.0 0.46 3.19 0.02 30-1005 733.5 – 1045.5 312.0 0.76 4.79 0.04 30-0984A 529.5 – 765.0 235.5 0.43 2.98 0.04 30-0997 160.5 –
Slide 21: 2022 Inferred Mineral Resource Estimate Room for Growth
2022 Inferred Mineral Resource Estimate Room for Growth DDH 30-1005 DDH 30-1005 1011 metres @ 0,46 % Cu and 3,19 g/t Ag Higher grade 200 m core Block model in vertical section looking SW 21
Slide 22: Porphyry-style Cu-Mo Deposit in Sedimentary Setting
Porphyry-style Cu-Mo Deposit in Sedimentary Setting 22
Slide 23: Porphyry Mountain
Porphyry Mountain PRODUCTION NEEDLE MTN* A Zone: 14 Mt @ 0.70% Cu COPPER MTN PRODUCTION * Oxidized Stockpiled Material* B Zone: 14.0 Mt @ 1.20% Cu 72 Mt @ 0.37% Cu, 0.02% Mo 31.4 Mt @ 0.35%CuOx C Zone: 33.0 Mt @ 1.60% Cu, E Zone: 9.0 Mt @ 2.80% Cu, 70 Mt @ 1.50% Cu 1000m S N Porphyry Mtn. A B C Sea
Slide 24: Porphyry Mountain Deep Resource - Open
Porphyry Mountain Deep Resource - Open Vertical Drill Hole From (m) – To (m) Length (m) Cu % Mo % 30-891 1144.8 – 1737.4 592.6 0.71 0.036 30-899 1120.7 – 1834.9 714.2 0.61 0.034 30-900 1269.0 – 1728.8 459.8 0.66 0.026 30-901 1207.0 – 1534.7 327.7 0.90 0.053 30-903 1264.0 – 1581.6 317.6 0.89 0.047 30
Slide 25: Pine Point
Pine Point Osisko Metals Projects Head Office 25
Slide 26: Support Infrastructure Still in Place
Support Infrastructure Still in Place Site Characteristics • CN Rail Head, Highway and Flights from Edmonton to Hay River • Property within 60 km of Hay River • Paved Highway from Hay River to Site • Low-Cost Hydro-Electric Power Available On Site From Taltson Dam 26
Slide 27: Pine Point: Positive 2022 PEA Outlined Potential for a Global Top Ten Zinc Producer
Pine Point: Positive 2022 PEA Outlined Potential for a Global Top Ten Zinc Producer • Near Surface Indicated Mineral Resource Estimate: M&I Resource of 15.8 Mt @ 4.2% Zn & 1.5% Pb + Inferred Resource of 47.2 Mt Grading 4.4% Zn and 1.7% Pb • NPV of C$605M and IRR of 25% (After-Tax, US$1.37 Zn) • Pote
Slide 28: Recent News – C$100 million Pine Point JV with Appian Resource Fund
Recent News – C$100 million Pine Point JV with Appian Resource Fund • Feb 21, 2023: C$100 Million investment agreement with Appian Natural Resources Fund III for a joint venture on the Pine Point Project. • Includes C$75.3 M of funding for the project over a 4 year period to FID • Summary of Joint V
Slide 29: Pine Point Could Produce one of the Cleanest Concentrates Globally
Pine Point Could Produce one of the Cleanest Concentrates Globally 18.00% P: Above Penalty Level 6,000 P: Above Penalty Level Minor Element Penalties (ppm) 16.00% Major Element Penalties 5,000 Mn 14.00% SiO2 12.00% Fe Hg 4,000 10.00% Pb Cd Cu 3,000 As 8.00% 6.00% 2,000 4.00% 1,000 2.00% 0.00% 0 Lead
Slide 30: Access to International Concentrate Markets Via Rail
Access to International Concentrate Markets Via Rail 30
Slide 31: Pine Point Agreements Provide Community Support
Pine Point Agreements Provide Community Support • 2019: Announced two separate Collaboration Agreements with local indigenous communities: • Deninu K’ue First Nation • Northwest Territory Metis Nation • 2017: Exploration Agreement signed with K’atl’odeeche First Nation • Collaboration Agreements pro
Slide 32: Pine Point: Leading North American Zinc Development Project
Pine Point: Leading North American Zinc Development Project Pine Point Premium High-grade Concentrate 32
Slide 33: 2023 Objectives
2023 Objectives • Close acquisition of Gaspé Copper with Glencore; • Complete definition drilling programs at both Pine Point (29,000 m) and Gaspé Copper (10,000 m); M&I resources on both projects by year end. • Launch Feasibility Study at Pine Point in Q3 2023; • Launch PEA and Environmental Baseli
Slide 34: Takeaways
Takeaways • Shift toward a green, sustainable economy coupled with post-COVID infrastructure stimulus will dramatically increase global critical metal demand. • Critical metal production deficits are looming, as only a handful of development projects nearing permitting are in the global pipeline. •
Slide 35: Wrap-Up: Two Leading Base Metal Projects in the World's Safest Mining Jurisdiction
Wrap-Up: Two Leading Base Metal Projects in the World’s Safest Mining Jurisdiction 8 Billion pounds Zn+Pb Resource* 3 Billion Pounds Cu Resource* Osisko Metals Projects Head Office 35 * Inferred resources
Slide 36: Contacts
Contacts 1100, av. des Canadiens-de-Montréal Investors and General Inquiries: Suite 300 info@osiskometals.com Montreal, Qc, H3B 2S2 Tel: 514-940-0670 Fax: 514-861-1333 36