Pampa Camarones Spa Class B · BCS:CAMARONEX
Pampa Camarones Spa Class B — Q2 2024 Earnings Presentation
31 slides from Pampa Camarones Spa Class B's earnings presentation, July 2024
Slide 1: Pampa Camarones SpA Quarterly presentation
Quarterly presentation Pampa Camarones SpA Santiago, July 2024 Strictly private and confidential
Slide 2: Presenters
Quarterly presentation Presenters Robert Mayne-Nicholls Martín Marquardt CEO Pampa Camarones Chief Geologist Ciclón-Exploradora ▪ Mr. Marquardt holds a degree in Geology ▪ Mr. Mayne-Nicholls holds a degree in from Universidad de Concepción, and Mining Engineer from Universidad de Chile, studies at U
Slide 3: Disclaimer
Quarterly presentation Disclaimer ◼ This presentation contains forward-looking information. All information contained in this presentation, other than statements of current and historical fact, is forward-looking information. Often, but not always, forward-looking information can be identified by th
Slide 4: Corporate Structure
Quarterly presentation Corporate Structure Minería Activa Funds Minority Shareholders* 90.6% 9.4% Pampa Camarones SpA High-grade polymetallic project Copper operation Pampa Camarones Ciclón Exploradora Cu Cu Zn Pb Ag Au Strictly private and confidential 4 *Minority Shareholders: Samsung Chile, Samsu
Slide 5: Corporate Structure (BCS:CAMARONEX)
Quarterly presentation Corporate Structure (BCS:CAMARONEX) Share Price Performance on Santiago Stock Exchange (US$/share) Shareholder Breakdown as of July 19th 2024 54 0,70% 1,47% 52 7,24% 50 48 +22% 46 since IPO 90,59% 44 42 40 Minería Activa Funds Velasco Group Samsung Group ScaleX Investors Board
Slide 6: Pampa Camarones: Salamanqueja Rock Spillage
Quarterly presentation Pampa Camarones: Salamanqueja Rock Spillage What happened ◼ Rock spillage when a LHD equipment was operating inside an already- exploited bench doing waste removal ◼ Operator José Espinoza was trapped inside the cabin under debris. ◼ The rescue operation was supported by the C
Slide 7: Pampa Camarones: Salamanqueja Rock Spillage
Quarterly presentation Pampa Camarones: Salamanqueja Rock Spillage Main operational effects ◼ Operational effects: ◼ Shutdown of the Salamanqueja Mine since July 9th, until the DT authorizes resumption ◼ Aftermath main findings: ◼ The LHD operating procedure was not followed. ◼ All the other benches
Slide 8: Second Quarter 2024 Highlights
Quarterly presentation Second Quarter 2024 Highlights Pampa ◼ Slower than expected ramp-up due to operational challenges Camarones ◼ Operational Improvement Plan on track, expecting to achieve normalized level Operation production during August ◼ Drilling ended on April 2nd with exceptional results
Slide 9: Pampa Camarones: Second Quarter 2024 Operational Update
Quarterly presentation Pampa Camarones: Second Quarter 2024 Operational Update Pampa Camarones 2Q-24 at a glance Cathode production (000 Tons) Production 3Q 23 4Q 23 1Q 24 2Q 24 ◼ Copper Cathode production reached 1,306 ton (2,0% q/q), as a result of the higher mine production. Improvement is expect
Slide 10: Operational Improvement Plan - Mine
Quarterly presentation Pampa Camarones: Operational Improvement Plan - Mine ◼ In order to improve operational performance, a plan was developed with the assistance of a group of external consultants, targeting operational improvements on both Mine and Plant. Target: Reach over 650 tons of cathodes p
Slide 11: Operational Improvement Plan - Plant
Quarterly presentation Pampa Camarones: Operational Improvement Plan - Plant 2 Plant: Measures Implemented ◼ Target: Improve recovery over 70% √ ◼ Measures: ◼ Coalescer installation √ ◼ Reduce heap height to 2,5m √ ◼ Exhausted ore remining reached 45.000 tpm √ (targeting 60.000 tpm next month) Coale
Slide 12: Industrial Test of Nova Mineralis Leaching Technology
Quarterly presentation Pampa Camarones: Industrial Test of Nova Mineralis Leaching Technology ◼ Industrial test of Nova Mineralis, for improved recovery on leaching low-solubility ore Heap stacking Heap N° Stack (ton) CuT CuT Fines CuS CuS Fines CuS/CuT 54 2.549 1,63 41,56 0,25 6,37 15,34 30 2.555 1
Slide 13: 2024 Production Forecast
Quarterly presentation 2024 Production Forecast Copper production (000 Tons) Preparation and Development (meters) 2023 2024E 2023 2024E 1,76 1,68 2.163 1,38 1,28 1,28 1,31 1,26 1.902 1,04 1.467 1.472 1.160 999 1.019 878 1Q 2Q 3Q 4Q LTM: ‘23 6,25 5.79 5.32 4.96 1Q 2Q 3Q 4Q ’24E 4.85 4.88 5.39 6.02 Ca
Slide 14: Consolidated financials and 2024 financial plan
Quarterly presentation Consolidated financials and 2024 financial plan Net revenues (US$ mn) Adjusted EBITDA (US$ mn, %) Jul-Dec 24’ Cu Px US$4.2/lb EBITDA 62,8 EBITDA Margin 48,5% 53,1 54,0 36,4% 41,5 24,1% 30,5 14,5% 19,3 13,0 6,0 2021 2022 2023 2024E 2021 2022 2023 2024E Capex (US$ mn) Cash and n
Slide 15: EBITDA Sensibilization to Copper Price
Quarterly presentation EBITDA Sensibilization to Copper Price Copper Price (US$/lb) 5 4,5 4 3,5 3 2,5 2 ene-20 jul-20 ene-21 jul-21 ene-22 jul-22 ene-23 jul-23 ene-24 jul-24 *2024E Estimate copper price 4.2 US$/lb EBITDA at Various Copper Prices (US$ mn) 15,3 13,0 For each +/- 0.1 10,7 US$/lb, EBITD
Slide 16: San Carlos and Portezuelo Scouting Campaign Completed
Quarterly presentation San Carlos and Portezuelo Scouting Campaign Completed ◼ Portezuelo Target is the extension of the main breccia-vein that projects the resources from the Exploradora deposit Exploradora (2.7 Mt @3.1% CuEq) toward the Ciclón deposit ❖ 3 holes with 1,018 m tested extension San Ca
Slide 17: Portezuelo Drilling Campaign: Discovery of Cu-Zn (Ag-Pb) Vein Extension
Quarterly presentation Portezuelo Drilling Campaign: Discovery of Cu-Zn (Ag-Pb) Vein Extension ◼ Drilling results confirms the discovery of a new extension of mineralized copper-rich vein-breccia of at least ~1.2 km, subvertical and NS-oriented corridor related to deep IP anomalies. Trenches and DDH
Slide 18: Portezuelo Drilling Campaign: Copper and Zinc Mineralization
Ciclón Exploradora Drill Program Update Portezuelo Drilling Campaign: Copper and Zinc Mineralization Visible copper and zinc sulphide mineralization from DDH-PO-01, Drillhole DDH-PO-02. Copper Oxides 413m below surface. (Chrysocholla, Limonites, Brochantite) Total Oxide Potential: Total Sulphide Pot
Slide 19: Portezuelo Drilling Campaign: The CIEX Vein-Breccia Corridor
Quarterly presentation Portezuelo Drilling Campaign: The CIEX Vein-Breccia Corridor Epithermal polymetallic vein-breccia mineralization from surface to up to 800m deep ◼ Current Resources: 9.8 Mt @3% CuEq in 2 Vein Deposits ◼ NS-orientes corridor of 5 km and other parallel veins ◼ 6 targets partiall
Slide 20: San Carlos Drilling Campaign: Geological Map
Quarterly presentation San Carlos Drilling Campaign: Geological Map Arkose Mudstones and laminated sandstones •? Limestone (Calcareous sandstones and fossiliferous limestones) Sandstones (intercalation of calcareous sandstones and undifferentiated sandstones) Diorites and monzodiorites sills Zn-Pb-A
Slide 21: San Carlos Drilling Campaign: South Long Section
Ciclón Exploradora Drill Program Update San Carlos Drilling Campaign: South Long Section Recent drill-holes results and geophysical observations shows new extensions of potential mineralized areas in NNE- and E-trending Strictly private and confidential 21
Slide 22: San Carlos Drilling Campaign: North Cross Section
Ciclón Exploradora Drill Program Update San Carlos Drilling Campaign: North Cross Section Strictly private and confidential 22
Slide 23: San Carlos Drilling Campaign: Mineralization and Alteration
Ciclón Exploradora Drill Program Update San Carlos Drilling Campaign: Mineralization and Alteration Semimassive and Qz-breccia polymetallic sulphides, including Ag-Zn-Mg-Fe Oxides Minerals 26%Zn+270g/t Ag + 7% Pb+ 0,15% Cu intercept Main Mineralization: • Sphalerite–Galena-Ag bearing Sulfosalts-Chal
Slide 24: San Carlos Drilling Campaign: Selected San Carlos DDH Intercepts
Quarterly presentation San Carlos Drilling Campaign: Selected San Carlos DDH Intercepts High-grade Ag-Zn-Pb mineralization intercepts related to manto, breccia and vein orebody types in 600m length within main target 2024 Campaign Selected Intercepts includes: Previous selected drill-holes intercept
Slide 25: San Carlos Update: Inhouse Potential Resources Model ->9 Mt
Quarterly presentation San Carlos Update: Inhouse Potential Resources Model ->9 Mt Main Parameters ◼ Geological controls: • Lithological units • Fold axis • Structures ◼ Modelation of a main bulk event of alteration-mineralization (orange body) ◼ Geological-economic model resources (red body) ◼ Feed
Slide 26: San Carlos Update: Growth Potential in the Western Manto-Type SC Corridor
Quarterly presentation San Carlos Update: Growth Potential in the Western Manto-Type SC Corridor ◼ Manto and Breccia type polymetallic mineralization with high continuity in a corridor of 3.5 km and 1.6 km associated to strongly altered rocks with Zn anomalies ◼ High-Ag and high-Zn orebodies hosted
Slide 27: CIEX Update: Potential Epithermal Targets of ~25 Mt
Quarterly presentation CIEX Update: Potential Epithermal Targets of ~25 Mt Potencial Target (Mina) Deposito/Ranking Mt Oxides Cu 4.62 Ciclón Superior (1) CIEX Corridor (Ciclón) 2.14 1.0 - 1.5 % CuT Ciclón Norte (1) CIEX Corridor (Exploradora) 0.18 1.5 - 2.0 % CuT Exploradora Sur (1) CIEX Corridor 0.
Slide 28: Ciclón Exploradora EIA: Gantt Chart
Quarterly presentation Ciclón Exploradora EIA: Gantt Chart 2023 2024E 2025E Month: Oct Nov Dec Jan Feb Mar Apr May Jul Jun Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sept Admission for processing Admission Institutional review Phase 1 Q&A Answering process Phase 2 Q&A Approval RCA Deadline
Slide 29: Ciclón Exploradora EIA: Addendum Main Topics
Quarterly presentation Ciclón Exploradora EIA: Addendum Main Topics ◼ Water Trucking Route: Considering a new road that does not involve C-1115-B transiting in Diego de Almagro Town Road New Road Design ◼ Hydrological and hydrogeological characterization: Developing additional studies on the potenti
Slide 30: Reporting Schedule and Topics
Quarterly presentation Reporting Schedule and Topics Timeline Key dates 2024E 2025E ◼ 1Q24 preliminary results & 2023 FY FS release ◼ 3Q24 preliminary results ◼ ScaleX business report release and presentation (LV) 04/19 10/18 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan 01/19 07/19 01/17 Year
Slide 31: Pampa Camarones SpA Q&A
Quarterly presentation Pampa Camarones SpA Santiago, July 2024 Q&A Strictly private and confidential