Northwest Copper Corp. · TSXV:NWST
Northwest Copper — Investor Presentation (March 2022)
33 slides from Northwest Copper's investor presentation, March 2022
Slide 1: The Canadian Copper-Gold Discovery Company
The Canadian Copper-Gold Discovery Company
Slide 2: Forward-Looking Statements
Forward-Looking Statements This Presentation has been prepared by NorthWest Copper Corp. (the “NorthWest Copper” or the “Company”) solely for the use in the growth potential of the Company’s mineral properties, exploration programs, the timing and amount of estimated future production and Presentati
Slide 3: The Canadian Copper-Gold Discovery Company
The Canadian Copper-Gold Discovery Company • We are a new company with a SIGNIFICANT land position in prospective north-central British Columbia • Our experienced team is UNIQUELY focussed on creating value for our shareholders and communities • In addition to advancing our flagship project in 2021,
Slide 4: Significant Land Position in Highly Prospective North-Central BC
Significant Land Position in Highly Prospective North-Central BC • Extensive land position of >150,000 hectares, 100% owned by NorthWest • Our land position is bookended by the long-life Mt. Milligan Mine and the Kemess Project, both owned by Centerra Gold • Centerra purchased Mt. Milligan in a $US
Slide 5: Experienced Team Uniquely Focussed on Creating Value for Shareholders
Experienced Team Uniquely Focussed on Creating Value for Shareholders • We recognize that there are three principal ways for a pre-production company to create value. o Exploration success o Corporate transaction o Advance a project to production to achieve a sharply higher multiple • We believe tha
Slide 6: 2021 Mineral Discoveries – Kwanika Chalcocite Zone
2021 Mineral Discoveries – Kwanika Chalcocite Zone EXCEPTIONAL NEW HIGH-GRADE ZONE DISCOVERY • Hole K-21-217 drilled 235m of 2.92% CuEQ including 9.40m of 33.60% CuEQ in a new style of mineralization1 • This hole is one of the highest grade intercepts ever drilled in British Columbia • The intercept
Slide 7: 2021 Mineral Discoveries – East Niv
2021 Mineral Discoveries – East Niv NEW PORPHYRY CENTRE DISCOVERY • East Niv is a grassroots discovery culminating in hole ENV-21-004 which encountered 81.60 metres of 0.56% CuEQ including 14.80 metres of 1.02% CuEQ1 • ENV-21-007 encountered a high-grade gold zone which compliments the porphyry cent
Slide 8: Building Partnerships with First Nations
Building Partnerships with First Nations OUR PARTNERSHIP MODEL • We are currently working with four First Nations: Takla Lake, Tsay Keh Dene, Nak’azdli Whut’en and Gitxsan. We have existing agreements to explore in our project areas • We acknowledge that we operate in the territories of Indigenous p
Slide 9: 2022 – Fully Funded with a Target Rich Portfolio – Our Plans and Goals
2022 – Fully Funded with a Target Rich Portfolio – Our Plans and Goals • $25 million in cash1 • PEA in 1H combining Kwanika and Stardust • Follow up high-grade zones at Kwanika • High-grade confirmation and exploration at Stardust • Follow-up of discovery at East Niv • First drilling expanding exist
Slide 10: Capital Structure
Capital Structure Capital Structure Share Ownership Analyst Coverage Basic Shares Outstanding 145.9 million Warrants 14.2 million 10% 14% Options/RSUs/DSUs 16.8 million Fully Diluted Shares Outstanding 176.9 million 76% Market Capitalization (basic) $100.7 million Cash on Hand ~$25 million Instituti
Slide 11: Our Management Team
Our Management Team Peter Bell - President & CEO James Lang - Chief Geoscientist Mr. Bell has 30 years of industry experience including 13 Dr. Lang has 37 years of experience including with years as a geologist with Newmont Corporation in MDRU as a global consultant and 16 years with Nevada, Peru an
Slide 12: Our Board of Directors
Our Board of Directors Dr. Mark O’Dea - Chair Teodora Dechev - Director Dr. O’Dea is a serial mining entrepreneur, co-founder of Oxygen Capital Corp. He was CEO of Ms. Dechev is President & CEO, and Director of Mundoro Capital Inc. Served as a Director of Fronteer Gold, sold in 2011 to Newmont Minin
Slide 13: Our Unmatched Copper-Gold Portfolio
Our Unmatched Copper-Gold Portfolio Multiple Opportunities To Create Value Stardust/Kwanika – Flagship, high-grade, scalable project with exploration optionality East Niv – The newest porphyry discovery in BC, large prospective land position Lorraine – Highly mineralized property with historic resou
Slide 14: Kwanika/Stardust
Kwanika/Stardust Our Flagship Project High-Grade and Scalable with Exploration Optionality
Slide 15: Kwanika/Stardust Projects
Kwanika/Stardust Projects Adjacent Scalable High-Grade Copper Gold Projects –7km apart Kwanika Stardust • Flexible project with open pit and underground copper- • One of BC’s highest grade copper-gold projects gold • Steep-plunging, consistent mineralization, appears well • Unique high-grade geometr
Slide 16: Kwanika/Stardust Projects
Kwanika/Stardust Projects Scalable High-Grade Copper Gold Projects Stardust Kwanika UG OP & UG HIGH GRADE PLANT FEED 16
Slide 17: Kwanika – Significant Scale With High-Grade Close to Surface
Kwanika – Significant Scale With High-Grade Close to Surface 1 – Kwanika Resource – See 2019 43-101 Technical Report on SEDAR: https://northwestcopper.ca/site/assets/files/5171/ni43-101-serengetikwanika-rev-final-04172019.pdf?29duqq 2 - Intercept lengths in the table above are not necessarily true w
Slide 18: Drill Hole K-21-217 - 9.40m @ 33.6% CuEq within a 235.45 Metre Interval
Kwanika – New style of high-grade mineralization Drill Hole K-21-217 - 9.40m @ 33.6% CuEq within a 235.45 Metre Interval of 2.92% CuEq1 18 1 - See NorthWest Copper News Release dated October 27th, 2021
Slide 19: Kwanika – Core From K-21-217 – 9.40m @ 33.6% CuEq
Kwanika – Core From K-21-217 – 9.40m @ 33.6% CuEq1 19 1 - See NorthWest Copper News Release dated October 27th, 2021
Slide 20: Stardust – One of the Highest Grade Copper-Gold Deposits in B.C.
Stardust – One of the Highest Grade Copper-Gold Deposits in B.C. Footprint of 2021 Resource¹ Significant Intercepts since 2018² 20 1 – Stardust Resource – See NI 43-101 technical report titled “Stardust Project – Updated Mineral Resource Estimate”, effective May 17, 2021 available under the Company’
Slide 21: Stardust – One of the Highest-Grade Copper Deposits in B.C.
Stardust – One of the Highest-Grade Copper Deposits in B.C. Cu Au in CuEq Ag in CuEq Mo in CuEq 3.0 Stardust is 2.5 Stardust Indicated 5x 2.6% CuEq 1 Resource Grade (% CuEq) 2.0 1.5 Higher grade than the 1.0 average reserve grade of B.C. average 0.5 0.5% CuEq 1 B.C. copper mines² 0.0 New Red Mount H
Slide 22: Stardust – New Discovery Continues to Grow
Stardust – New Discovery Continues to Grow Indicated Tonnes (Mt) 100% 2.0 May 2021 Resource Estimate represents 1.0 +100% 2018 2021 Estimate Estimate Inferred Tonnes (Mt) Growth in tonnage compared to 5.8 previous estimate¹ 194% 2.0 ¹ see NI 43-101 technical report titled “Stardust Project NI 43-101
Slide 23: East Niv
East Niv The Newest Porphyry Copper-Gold Discovery in BC
Slide 24: East Niv – New Porphyry Copper Gold Discovery at Surface
East Niv – New Porphyry Copper Gold Discovery at Surface A Rare Grassroots Discovery in 2021 – Right in our Backyard • Initial work by our predecessor Serengeti Resources identified strongly mineralized porphyry mineralization • Follow up geophysics demonstrated scale consistent with similar deposit
Slide 25: East Niv – New Discovery
East Niv – New Discovery East Niv Main Target – 2021 Drilling East Niv Regional 25
Slide 26: Lorraine Project
Lorraine Project Breathing new life into a historical opportunity
Slide 27: Lorraine – Target-rich, large property position, favourable location
Lorraine – Target-rich, large property position, favourable location • Very large, 65,000+ hectare land package • Proven mineralized system with historic non- NI43-101 compliant resource. Comparables include Galore Creek, Cadia-Ridgeway1 • System open in multiple directions presenting significant op
Slide 28: Appendix
jopper Appendix
Slide 29: The Case for Copper
The Case for Copper • The world needs responsibly mined metals like copper, gold and silver to help transition to a cleaner, low-carbon future • Copper's long-term demand is backstopped by green energy and the push toward it, which, is significantly more copper intensive than traditional, fossil fue
Slide 30: Stardust Resource Estimate (May 2021)
Stardust Resource Estimate (May 2021) Indicated Resource1 Tonnes Cu Au Ag CuEq 2 Cu Au Ag CuEq 2 Mt % g/t g/t % Mlbs koz koz Mlbs 1.963 1.31 1.44 27.1 2.59 56.7 90.9 1710.2 112.1 Inferred Resource1 Tonnes Cu Au Ag CuEq2 Cu Au Ag CuEq 2 Mt % g/t g/t % Mlbs koz koz Mlbs 5.843 0.86 1.17 20.0 1.88 110.8
Slide 31: Kwanika Resource Estimate (December 2018)
Kwanika Resource Estimate (December 2018) Combined Pit and Underground – Total M+I: 223.6 Mt Measured1 Tonnes Cu Au Ag CuEq 2 Cu Au Ag Mt % g/t g/t % Mlbs koz koz 42.9 0.35 0.36 1.10 0.54 330 493 1525 Indicated Resource1 Tonnes Cu Au Ag CuEq 2 Cu Au Ag Mt % g/t g/t % Mlbs koz koz 180.6 0.25 0.23 0.8
Slide 32: Favourable Metallurgical Characteristics
Favourable Metallurgical Characteristics Stardust • Testwork completed in early 2021 shows copper recoveries range from 94.2% to 98.6%¹ • Gold recoveries in the same study show recoveries of 93% to 93.9% • Preliminary flowsheet of primary 150 micron grind with 45 to 50 micron regrind, gravity then f
Slide 33: Suite 1900, 1055 W Hastings St. Vancouver, BC
Suite 1900, 1055 W Hastings St. Vancouver, BC, V6E 2E9 Corporate Contact: Adrian O’Brien +1 604.809.6890 aobrien@northwestcopper.ca northwestcopper.ca 33
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