Capstone Copper Corp. · TSX:CS

Capstone Copper — Capstone Mining — Technical Presentation (January 2021)

9 slides from Capstone Copper's technical presentation, Jan 27, 2021

  1. Slide 1: Cozamin 10+ Year Mine Life: The Best Years Are Ahead

    COZAMIN 10+ YEAR MINE LIFE "The Best Years Are Ahead" NI 43-101 Update, January 2021

  2. Slide 2: Cautionary Notes

    Cautionary Notes CAUTIONARY NOTE ON FORWARD LOOKING INFORMATION COMPLIANCE WITH NI 43-101 This presentation, and the documents incorporated by reference herein, contains “forward-looking information” within the meaning of Unless otherwise indicated, Capstone has prepared the technical information in

  3. Slide 3: Value Creation – Drill Bit Excellence

    Value Creation – Drill Bit Excellence Mineral Reserve Growth 2018-2021 Mineral Resource Growth 2018-2021 600 60 1,200 60 500 50 1,000 50 400 40 800 40 Contained Cu (Mlbs) Contained Cu (Mlbs) Production (Mlbs) Production (Mlbs) 300 30 600 30 200 20 400 20 100 10 200 10 0 0 0 0 2018 2019 2020E 2021E 2

  4. Slide 4: 10+ Year Mine Life, Higher Mining Rates @ 1.77% Copper

    10+ Year Mine Life, Higher Mining Rates @ 1.77% Copper 80 70 60 Expected Reserves Copper Production (Mlbs) Mine Plan % Cu LOMP Copper Million 50 Update Grade Production Tonnes1 2021 2021-2031 516 Mlbs 14.1 1.77 40 14.1 Mt @ 10.2 Mt @ 1.77% Cu 2020 2020-2029 394 Mlbs 10.2 1.79 1.79% Cu 30 2019 2018-2

  5. Slide 5: Impact23 Growth Projects

    Impact23 Growth Projects Goal: Extend mine life, increase environmental & safety performance and improve operational efficiencies utilizing mineral resources already discovered in addition to testing new targets Exploration Expansion Potential in Drill testing the newly recognized West target area w

  6. Slide 6: 2021 LOMP NAV Equals Pre-Stream 2020 LOMP NAV

    2021 LOMP NAV Equals Pre-Stream 2020 LOMP NAV LOMP 2021-2030 Cu and Ag Production Avg. Annual 51.2 Mlbs Copper at C1 Costs of $1.02/lb Payable • Capstone to receive $150 million for 50% 70 2.0 silver stream on closing of transaction 1.8 60 • 2021 LOMP NAV equals pre-stream 2020 1.6 LOMP NAV Silver P

  7. Slide 7: Mexico Regional Exploration – Zacatecas

    Mexico Regional Exploration – Zacatecas Donovan 2 VMS Prospect – Drill Ready 54 • Located ~55km SE of Cozamin and ~20km W of the Teck – San Nicolas VMS Project • Earn-in Agreement with Alien Metals Ltd.; Capstone to spend ~$10M to earn-in up to 80% of the project, after which Alien has 49 the option

  8. Slide 8: Cozamin Reserves & Resources

    Cozamin Reserves & Resources COPPER Total Proven & Probable Cu Mineral Reserve 250 kt contained metal (14,127 kt @ 1.77% Cu) Total Measured & Indicated Cu Mineral Resource 451 kt contained metal (29,672 kt @ 1.52% Cu) Inferred Cu Mineral Resource 75 kt contained metal (13,869 kt @ 0.54% Cu) SILVER T

  9. Slide 9: Contact Information

    Contact Information GENERAL INQUIRIES MEDIA AND INVESTOR INQUIRIES Capstone Mining Corp. Jerrold Annett Suite 2100 – 510 West Georgia Street Vice President, Strategy & Capital Markets Vancouver, BC V6B 0M3 Toronto, ON  1-416-572-2272  www.capstonemining.com  info@capstonemining.com Virginia Morga

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