Faraday Copper Corp · TSX:FDY
Faraday Copper — Investor Presentation (February 2025)
48 slides from Faraday Copper's investor presentation, February 2025
Slide 1: Growing U.S. Copper Resources
A Lundin Group Company Growing U.S. Copper Resources ANALYST PRESENTATION February 2025 FDY: TSX I CPPKF: OTCQX
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: Introduction
“’| FARADAY COPPER INTRODUCTION
Slide 4: Investment Highlights
INVESTMENT HIGHLIGHTS Strategy: Creating Value by Advancing One of the Largest Copper Projects in the U.S. ▪ Copper Creek is a Cu-Mo-Ag resource in Arizona with 4.2 Blbs of copper Measured and Indicated Mineral Resources ▪ Current U.S. Administration is highly-supportive of domestic mining projects
Slide 5: Well-Positioned to Advance Copper Creek
WELL-POSITIONED TO ADVANCE COPPER CREEK Delivering on Our Strategy 2021 – 2022 2023 – 2024 2025 Catalysts ✓ President and CEO Paul Harbidge ✓ Preliminary Economic Assessment ✓ Metallurgical program appointed and Updated MRE (May 2023) ▪ Drill results ✓ New Board and management ✓ Commenced a 30,000 m
Slide 6: Corporate Overview
CORPORATE OVERVIEW Analyst Coverage Top Strategic Shareholders Rene Cartier Dalton Baretto Lundin Family Murray Edwards Pierre Lassonde Connor Mackay Financial Overview Ownership C$160.2M Market Capitalization C$23.0 M Financing (May 30, 2024) 30.1% Strategic Shareholders: 39.3% C$22.1 M Cash & Equi
Slide 7: Bringing a Senior Mining Company Expertise
BRINGING A SENIOR MINING COMPANY EXPERTISE Senior Mining Company Talent Who Know Great Projects Management Independent 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
Slide 8: Copper Creek: Team
COPPER CREEK: TEAM Dante Padilla Benedek Gal Anastasia Hedrick Exploration Manager Geoscience Manager, Exploration Project Geologist, Exploration Kennedy Ivy Melanie Ginther Community Relations Manager Operations Manager, Exploration faradaycopper.com I page 8
Slide 9: Located in Arizona Copper Country
LOCATED IN ARIZONA COPPER COUNTRY Near Key Infrastructure, Mining and Service Hubs N Pinto Valley Globe-Miami N / Resolution HIGHWAY Phoenix I-79 HIGHWAY Ray I-77 Florence Florence Hayden Smelter Claims RAIL Tucson SunZia Copper Creek Renewable Energy Project Transmission Mammoth San Manuel / Kalama
Slide 10: Copper Creek Land Package
COPPER CREEK LAND PACKAGE ▪ ~73 km2 property offers optionality for infrastructure placement ▪ Mineral claims include patented claims, unpatented claims and state prospecting permits ▪ Private land parcel across San Pedro corridor connecting with BHP land package ▪ Ranch includes ~26,000 acres of su
Slide 11: Geology and Mineral Resource
GEOLOGY AND MINERAL RESOURCE
Slide 12: Geologic Setting
GEOLOGIC SETTING Anthropogenic deposits N Quaternary to Late Tertiary alluvium Tertiary volcanics Laramide breccias Laramide porphyritic intrusives Copper Creek granodiorite Copper Creek Cretaceous/Early Tertiary volcanics Cretaceous sedimentary rocks Paleozoic siliciclastics and carbonates Neoprote
Slide 13: Laramide Schematic Cross Section
LARAMIDE SCHEMATIC CROSS SECTION 62 Ma San Manuel 67 Ma 10 km W faradaycopper.com I page 13
Slide 14: Copper Creek Geology
COPPER CREEK GEOLOGY N Childs Mammoth - Aldwinkle Keel American Eagle Area 51 1 km Note: See Slide 19 for legend. faradaycopper.com I page 14
Slide 15: Geological Model
GEOLOGICAL MODEL Area 51 Image shows relative Banjo breccia emplacement depth of mineralization Increasing phenigite in white mica Banjo across the mineral American Eagle Bx system American Eagle Mammoth Old Reliable Steeply dipping veins and breccias Childs Aldwinkle above ~850 m above sea level Ke
Slide 16: Mineral Resource (2023)
MINERAL RESOURCE (2023) MRE is Supported by >200,000 m of Drilling, 83% of Resource is M&I Tonnes Cu Mo Ag CuEq2 Cu Mo Ag CuEq2 ▪ MRE includes Phase I drill results Category and historical drilling only (Oct (Mt) (%) (%) (g/t) (%) (Mlbs) (Mlbs) (Moz) (Mlbs) 2022 cut-off date) Open Pit NI 43-101 MRE
Slide 17: Geology and Mineralization
GEOLOGY AND MINERALIZATION High-grade Breccias and Vein-hosted Porphyry Banjo breccia A Open Pit Grade Distribution A’ Copper Prince Childs Aldwinkle 1,300RL Mammoth 1,200RL CuEq1(%) CuEq % 1,100RL 0.13 – 0.3 0.3 – 0.4 0.4 – 0.5 American Eagle 1,000RL 0.5 – 0.7 900RL 0.7 – 1.0 100 metres > 1.0 LOOKI
Slide 18: PEA Overview
“S| FARADAY COPPER
Slide 19: PEA: Highlights
PEA: HIGHLIGHTS Based on 2023 MRE and 30,000 tpd Mill Throughput Scenario 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-ta
Slide 20: PEA: Mine Design Overview
PEA: MINE DESIGN OVERVIEW Integrated Mine Plan Provides Optionality and Scalability Open pit mining enables rapid payback on ISOMETRIC VIEW Open Pit LOOKING NORTHEAST initial capital and funds development of 154 Mt at 0.39% CuEq 1 bulk underground mine High-grade = 28 Mt at 0.98% CuEq Globe / Marsha
Slide 21: PEA: Mine Production Schedule
PEA: MINE PRODUCTION SCHEDULE Life-of-Mine Processed Material Total Processed Material by Material Type 18 16 Open Pit Sulphide Transitional 14 Underground Sulphide Oxide Quantity (million tonnes) 12 10 8 6 4 2 - 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32
Slide 22: PEA: Site Infrastructure
PEA: SITE INFRASTRUCTURE Configured for scalability In-pit Waste Explosive Rock Dump Facilities Materials handling synergies between Low-grade Stockpiles open pit and underground Overland External Conveyor Open Pits Waste Primary Rock Dump Process Crusher HLF (136 Mt) Plant (20 Mt) SXEW Underground
Slide 23: Exploration
FARADAY COPPER
Slide 24: 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 Geological Mapping and Structural Interpretation New Geophysical Processing (ZTEM) N N 500 metres 500 metres faradaycopper.com I
Slide 25: Potential for New Discoveries
POTENTIAL FOR NEW DISCOVERIES Significant Growth Opportunities in an Underexplored District Rum N Holy Joe Mineral Fault Reserves Open Pit Resource 10 Area Mineral Resource Targets 6 Advanced Targets 10 Identified Targets 8 Western Generative Targets Fault 34 high priority targets American Eagle Are
Slide 26: Drilling at the American Eagle Area
DRILLING AT THE AMERICAN EAGLE AREA ▪ Intersected significant mineralization above American N N Post Office Eagle porphyry underground resource Jailhouse Courthouse Rum Area ▪ New discovery at Banjo breccia: 117.83 m at 1.12% copper and Banjo 2.43 g/t silver American Eagle American Eagle ▪ Confirmed
Slide 27: American Eagle Area: Near Surface Potential
AMERICAN EAGLE AREA: NEAR SURFACE POTENTIAL Current Drilling Focus Drill Hole Mammoth Assay Results Copper Grade (%) FCD 24-074 50.20 m at 0.74% Cu, >2.00 0.62 g/t Ag, from 46.20 m 1.00 0.31 FCD 24-069 0.20 29.08 m at 0.62% Cu, 0.13 1.14 g/t Ag, from 145.69 m 0.00 FCD 24-081 84.83 m at 0.39% Cu, FCD
Slide 28: American Eagle: Drilling Confirms Continuity
AMERICAN EAGLE: DRILLING CONFIRMS CONTINUITY Looking Southwest A’ Looking Southwest B’ A B Copper Marsha Mammoth Mammoth Prince A’ N B’ Old C Reliable Mammoth American Eagle D American Keel Eagle 250 metres 250 metres C’ A D’ Looking Southeast Looking Southeast 250 metres -- Open Pit Shells B C’ D D
Slide 29: American Eagle Area: New Discoveries
AMERICAN EAGLE AREA: NEW DISCOVERIES Banjo Breccia Prada Breccia Hole continues Drill Hole Assay Results FCD-24-074 off section Copper Grade (%) 50.20 m at 0.74% Cu, 0.62 g/t Ag >2.00 from 46.20 m 1.00 including 0.70 22.65 m at 1.31% FCD-24-073 190.25 m at 0.23% Cu, 0.50 Cu, 0.70 g/t Ag 259.98 m at
Slide 30: Rum Area: Drill Results
RUM AREA: DRILL RESULTS Rum Breccia A A’ N Legend Rum Breccia Looking Northwest Interpreted Geology A’ 57.73 m at 0.85% Cu, Breccia 0.57 g/t Ag Porphyry from 0.00 m Glory Hole Volcanics A Laramide Copper Creek including Granodiorite 23.25 m at 1.58% Cu, Quaternary-Late Tertiary 0.60 g/t Ag Gravels F
Slide 31: Area 51: New Discovery
AREA 51: NEW DISCOVERY 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 Quar
Slide 32: Metallurgy
FARADAY COPPER METALLURGY
Slide 33: Metallurgical Performance Overview
METALLURGICAL PERFORMANCE OVERVIEW Unlocking Significant Upside with New Metallurgical Results Coarse Grind Additional Gold Optimization Benefits Program Bornite Gold recovery over Over 95% copper High grade copper 75% supporting Chalcocite sulphide recovery concentrate potential to add gold Chalcop
Slide 34: Metallurgical Test Work
METALLURGICAL TEST WORK Sample Selection Focused on New Near-surface Domains Spatial context of the Metallurgical Program samples (oblique isometric view from the southwest). Historical Samples (Green) represent metallurgical samples taken prior to 2022. Note: For further details refer to the Compan
Slide 35: Metallurgical Results
METALLURGICAL RESULTS Comprehensive Datasets to Underpin Technical Optimization Completed: Coarse grind supports a potential increase to mill ✓ Comminution throughput without increasing the tailings pressure ✓ Mineralogy filtration requirement ✓ Material type characterization Filtered Tailings Scena
Slide 36: Permitting and ESG
PERMITTING AND ESG
Slide 37: Permitting Pathway
PERMITTING PATHWAY Plan of Operations and 404 Permit Plan of Operations ▪ Ground water National Environmental Update Plan of Operations and ▪ Surface water Environmental Impact bonding ▪ Air, Biological Policy Act Statement ▪ Tribal Record of Applications consultations After National Decision submit
Slide 38: 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 39: Concluding Remarks
“.| FARADAY COPPER CONCLUDING REMAR
Slide 40: Copper Creek: Next Steps
COPPER CREEK: NEXT STEPS Resource Update Technical Study Update Exploration Upside +30,000 metres of drilling, Targeting increased throughput and Steady news flow of assay results targeting near-surface resource annual metal production profile from ongoing Phase III drill program expansion Maintaini
Slide 41: Appendix
FARADAY COPPER APPENDIX
Slide 42: Faraday Copper: Recent History
FARADAY COPPER: RECENT HISTORY Redefining a Dormant Asset President and CEO Paul Harbidge appointed, assembled a new Sept 2021 management team to re-start technical work and completed C$5 million financing Feb 2022 Initiated 6,000-m initial drill program Apr 2022 Rebranded to Faraday Copper Corp. Ma
Slide 43: 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 44: 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 45: Drilling Shows Upside (Post-MRE)
DRILLING SHOWS 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 0.00 Potential for Mineralization
Slide 46: Contact Copper Project
CONTACT COPPER PROJECT Drill-ready, Copper Oxide Deposit ▪ 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
Slide 47: Endnotes
ENDNOTES 1. Preliminary Economic Assessment (PEA) copper equivalent (CuEq) values are calculated using commodity type and price, considering the relevant recovery rate based on domain, applied using a regression formula as a function of grade. Recovery regression formulas are based on the outcomes o
Slide 48: 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
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