Slide 1: Investor Presentation March 2025
TSXV: KC | OTCQX: KCCFF Investor Presentation March 2025
Slide 2: Forward looking statement
2 | kutcho.ca TSXV:KC OTCQX:KCCFF Forward looking statement This presentation contains certain statements that may be considered “forward-looking statements” with respect to Kutcho The forward-looking information contained herein is expressly Copper Corp. (“Kutcho Copper” or the “Company”) within th
Slide 3: Feasibility Study headline results
3 | kutcho.ca TSXV:KC OTCQX:KCCFF 1 Metal prices: Cu US$4.00/lb, Zn US$1.15/lb, Ag US$20/oz. Au US$1,600/oz 2 CuEqR Feasibility Study headline results calculation based on base case metal prices 3 All-in sustaining cost estimation stated in appendix 4 See appendix for Mineral Resource Estimate table
Slide 4: Significant leverage to rising metal prices
4 | kutcho.ca Significant NPV and IRR Sensitivity to Copper Price Only Zinc, Silver & Gold at Base Case Prices leverage to rising metal prices * Values includes Wheaton Stream
Slide 5: Kutcho Copper offers a strong share structure
5 | kutcho.ca TSXV:KC OTCQX:KCCFF Kutcho Copper offers a strong share structure Share Price Last 12 Months (TSX.V – C$) $0.20 Capital structure Ticker Shares issued 167,801,699 TSXV:KC Stock options 9,600,000 OTCQX:KCCFF $0.10 Warrants 36,741,489 Share Ownership Wheaton Precious Metals 11.4% Capston
Slide 6: Wheaton Precious Metals provides over $100M financing package
6 | kutcho.ca TSXV:KC OTCQX:KCCFF Wheaton Precious Metals provides over $100M financing package Metal % contribution Precious metals stream (US $87.8M) to revenue at base case ● US $15.8M towards project acquisition metal prices ● US $10.5M+ in equity participation ● US $7M provided to fund the feas
Slide 7: A development-friendly region with a number of major projects
7 | kutcho.ca TSXV:KC OTCQX:KCCFF N Kutcho A development-friendly Dease Lake Property region with a number of with 120km access road major projects in various Red Chris phases of development Kemess & construction, with Galore Creek KSM local skilled workforce Brucejack Mt Milligan Port of Stewart Ki
Slide 8: First Nations – Tahltan & Kaska Dena
8 | kutcho.ca TSXV:KC OTCQX:KCCFF First Nations – Tahltan & Kaska Dena Kutcho Copper executed a new Exploration Agreement with Tahltan Central Government in November 2021 and renewed their Communications Agreement in January 2021 Exploration Agreement signed with Kaska Dena Nation in February 2019 T
Slide 9: Kutcho is an accessible project with on-site and nearby infrastructure
9 | kutcho.ca TSXV:KC TSXV:KC OTCQX:KCCFF OTCQX:KCCFF Kutcho is an accessible project with on-site and nearby infrastructure situated within moderate terrain Accessibility Port facilities Existing field camp First Nations 120 km of existing ground in Stewart ~400 km from with 900 m long gravel ongoi
Slide 10: Efficient infrastructure layout
Tailings 10 | kutcho.ca TSXV:KC OTCQX:KCCFF Management Facility Efficient infrastructure layout Stockpiles Open Pit Compact site footprint Collection Pond Waste rock dump temporary - backfilled to open pit during operations Underground Mill Complex Portal Tailings embankment: downstream Camp constru
Slide 11: Kutcho Project mine workings
11 | kutcho.ca TSXV:KC OTCQX:KCCFF Kutcho Project mine workings View to Northeast Main Main Open Pit Portal to Underground Mines Esso Underground Mine Esso Main Underground Mine Sumac Inferred Resource
Slide 12: Main, Sumac and Esso contain over 12 Mt of Inferred Resources
12 | kutcho.ca TSXV:KC OTCQX:KCCFF Main, Sumac and Esso contain over 12 Mt of Main 2021 Resource Shell Inferred Resources Indicated 1% CuEqR N that have the Inferred potential to be converted to Indicated Resources Esso 2021 Resource Shell Esso 1% CuEqR Contains the highest grade Inferred Sumac 2021
Slide 13: Kutcho's GHG intensity
13 | kutcho.ca TSXV:KC OTCQX:KCCFF Kutcho’s GHG intensity Operational GHG Intensity Comparison for BC Copper Mines 1 GHG intensity of 1.3 kg CO2e/kg Cueq inclusive of all construction and closure requirements Other comparative carbon intensity reporting measures place Kutcho below the median of BC o
Slide 14: The Kutcho project covers 90% of the prospective Kutcho Formation rocks
14 | kutcho.ca TSXV:KC OTCQX:KCCFF The Kutcho project covers 90% of the prospective Kutcho Formation rocks The prospective volcanic rocks SOUTH Kutcho Deposit NORTH are folded, repeating the mineralized horizon threefold on the project, King Salmon Thrust Fault Nahlin including the deposit. Thrust F
Slide 15: Kutcho Copper Project is a VMS target rich environment
15 | kutcho.ca TSXV:KC OTCQX:KCCFF Kutcho Copper Project is a VMS target rich environment that remains under-explored Untested ZTEM conductivity highs Esso West – drill ready VMS target Hamburger / Sumac Gap – near to and down dip of known mineralization trend Jack along strike of the Main mineraliz
Slide 16: Esso West: Exploration target
16 | kutcho.ca TSXV:KC OTCQX:KCCFF Esso West : Exploration target Esso West has many similarities to the Esso deposit, which was used as a benchmark Inklin Formation Unprospective Anomaly 2023 2D Seismic Program Existing Drillholes Target Development Data Esso West Target 2023 Aerial ZTEM survey (20
Slide 17: Esso West: Target morphology
17 | kutcho.ca TSXV:KC OTCQX:KCCFF Esso West : Target morphology Esso Resource Indicated: 2.6Mt @ 2.4% Cu and 4.4% Zn dddd Inferred: 2.1Mt @ 1.3% Cu and 1.6% Zn Esso West Target measures 1.9 km strike by 500m down dip Sufficient target volume for two or more Esso deposits Esso West ZTEM Target Main
Slide 18: Esso West: ZTEM Inversion Target Definition
18 | kutcho.ca TSXV:KC OTCQX:KCCFF ZTEM Constrained Conductivity Esso West Target Sumac Gap Target Esso West : ZTEM Hamburger Target Inversion Target Definition Esso Deposit Main Deposit Sumac Deposit Resource Footprint Unconstrained inversion of ZTEM data has 1.5 km Esso West Target Footprint refin
Slide 19: Intrusive Related Targets
19 | kutcho.ca TSXV:KC OTCQX:KCCFF Intrusive Related Targets • Intrusive target defined by magnetic inversion high and ZTEM conductivity low • Likely area of intrusive 4 x 5 km • Anomalous copper in overlying soils dddd • 2 x 1.5 km area of shallow anomalous ZTEM and VTEM conductivity may represent
Slide 20: Exploration program 2025: summary
20 | kutcho.ca TSXV:KC OTCQX:KCCFF Exploration program 2025: summary Esso West (Drill Ready) • Initial four-hole program with additional drilling contingent on results • Downhole EM geophysical surveys for target vectoring and determining mineralization extent Primary VMS Targets (Hamburger, Sumac G
Slide 21: Copper developer comparables: Kutcho re-rate opportunity
21 | kutcho.ca TSXV:KC OTCQX:KCCFF Copper developer comparables: Kutcho re-rate opportunity Cu Developers: Consensus P/NAV Cu Developers: Consensus P/NAV 1.00x 0.90x Analyst Consensus P/NAV 0.80x 0.70x 0.60x 0.50x Peers: 0.41x 0.40x dddd 0.30x 0.20x 0.10x 0.00x n u lo s s E an nd y gy li ) a s ld n
Slide 22: Kutcho opportunities & catalysts
22 | kutcho.ca TSXV:KC OTCQX:KCCFF (1) Feasibility Study 2021 (2) Includes application of WPM PMPA (public disclosure Kutcho opportunities & catalysts February 11, 2022) and pricing of Cu US$4.00/lb, Zn US$1.15/lb, Ag US$20/oz, Au US$1,600/oz (3) The total annualized life cycle GHG for the Kutcho Pr
Slide 23: Kutcho Copper – a clear path to production
23 | kutcho.ca TSXV:KC OTCQX:KCCFF Kutcho Copper – a clear path to production High Grade Copper Zinc development project with Permitting – Transparent and prescribed process, 22.8 Mt in the Measured and Indicated resources supportive First Nations, local stakeholders and category at 2.26% CuEq¹ repr
Slide 24: Management team
24 | kutcho.ca TSXV:KC OTCQX:KCCFF Management team Vince Sorace Andrew Sharp P.Eng Rob Duncan President & CEO, Director COO Senior Technical Consultant ● Over 30 years experience in ● 35 years experience in mine design, ● 26 years experience in mineral capital markets construction, operational mine
Slide 25: Board of Directors & Advisory Board
25 | kutcho.ca TSXV:KC OTCQX:KCCFF Board of Directors & Advisory Board Bill Bennett Jay Sujir Mark Forsyth Director Director Director ● Former BC gov’t MLA for 16 years ● Partner, Farris, Vaughan, ● Over 30 years’ with extended ● Named BC Mines Minister 3 times Wills & Murphy, LLP tenures with Trafi
Slide 26: Contact
TSXV: KC | OTCQX: KCCFF +1 (778) 357-1249 info@kutcho.ca Kutcho.ca Suite 918 - 1030 West Georgia St. Tel Email Website Vancouver, BC Canada V6E 2Y3
Slide 27: Appendix
27 | kutcho.ca TSXV:KC OTCQX:KCCFF Appendix
Slide 28: Technical information compliance with NI 43-101
28 | kutcho.ca TSXV:KC OTCQX:KCCFF Technical information compliance with NI 43-101 The technical or scientific information in this presentation has been reviewed and approved by Andrew Sharp, P.Eng The Project will be subject to a number of federal, provincial and BC (Lic. No. 47907), FAusIMM, Chief
Slide 29: Feasibility Study overview
29 | kutcho.ca TSXV:KC OTCQX:KCCFF Feasibility Study overview Notes: ● Tonnages are reported in metric tonnes (t), copper and zinc in pounds (lbs), silver and gold reported in troy ounces (oz). ● "M" = million, "k" = thousand ● All tables report rounded figures and may not sum precisely. ● The finan
Slide 30: Estimate of Mineral Resources
30 | kutcho.ca TSXV:KC OTCQX:KCCFF Estimate of Mineral Resources Inclusive of Reserves (effective 30 July 2021) Notes: 1. The mineral resource estimates in the table above form coherent bodies of mineralisation that are considered amenable to a combination of open pit and underground extraction meth
Slide 31: Mineral Reserve Estimate
31 | kutcho.ca TSXV:KC OTCQX:KCCFF Mineral Reserve Estimate (effective 4 November 2021) See next page for Notes
Slide 32: Mineral Reserve Estimate
32 | kutcho.ca TSXV:KC OTCQX:KCCFF Mineral Reserve Estimate (effective 4 November 2021) Notes: Underground Specific Notes: 1. CIM definitions were followed for Mineral Reserves. 10. Underground Mineral Reserve cut-off grade was C$129.45/t NSR. 2. Mineral Resources are reported inclusive of Mineral R
Slide 33: Ore by source and NSR
33 | kutcho.ca TSXV:KC OTCQX:KCCFF Ore by source and NSR
Slide 34: Open pit and underground mining statistics
34 | kutcho.ca TSXV:KC OTCQX:KCCFF Open pit and underground mining statistics (Incl Pre-Production) Notes: 1. Includes 1.25 years for pre-production and stockpile rehandle periods 2. Mining operational costs and tonnages are inclusive of the pre-production period.
Slide 35: Flotation feed grades
35 | kutcho.ca TSXV:KC OTCQX:KCCFF Flotation feed grades
Slide 36: Processing and concentrate production
36 | kutcho.ca TSXV:KC OTCQX:KCCFF Processing and concentrate production Notes: 1. 10.75 years after pre-production, plus 0.25 years in pre-production start-up 2. 0.25 years for pre-production and 2.75 for stockpile rehandle periods 3. Metal recovery to concentrates compared to crusher head feed, an
Slide 37: Capital cost summary
37 | kutcho.ca TSXV:KC OTCQX:KCCFF Capital cost summary (1,2) Notes: 1. All values stated are undiscounted. 2. No inflation or depreciation of costs were applied; all costs are in 2021 money values. Major underground mobile equipment, all open pit mobile equipment and the power gensets are leased. 3
Slide 38: Operating cost summary Cash costs and all-in sustaining costs
38 | kutcho.ca TSXV:KC OTCQX:KCCFF Operating cost summary (Excluding Pre-Production(1)) Notes: 1. Pre-production tonnages and costs are not included in the Life- of-Mine operating cost summary (these are Years -2 and -1 and are capitalized). 2. Year 1 includes pro-rated adjustments for working capit
Slide 39: Cash flow summary
39 | kutcho.ca TSXV:KC OTCQX:KCCFF Cash flow summary