Luca Mining Corp · TSXV:LUCA
Luca Mining — Investor Presentation (September 2025)
26 slides from Luca Mining's investor presentation, Sep 19, 2025
Slide 1: Optimization Exploration Expansion
September 2025 TSX-V: LUCA | OTCQX: LUCMF | FRANKFURT: Z68 | L U C A LMUI CNAI MN IGN .I C NGO .M COM 1 Optimization Exploration Expansion
Slide 2: Forward Looking Statements and Legal Disclaimer
LUCAMINING.COM 2 Canadian regulatory agencies and available at www.sedarplus.ca. The Company Company’s anticipated future business operations. The Company disclaims any FORWARD LOOKING STATEMENTS believes that the expectations reflected in Forward-Looking Information in this Corporate Presentation a
Slide 3: Mexico Mining Experts
LUCAMINING.COM 3 MEXICO MINING EXPERTS Some of the largest mining companies in the world Mining in Mexico surround us in Mexico We know Mexico - and our experienced management team and our knowledge of the Mexican mining landscape give us a competitive advantage 3
Slide 4: Our Metal Breakdown
LUCAMINING.COM 4 OUR METAL BREAKDOWN ~50/50 Precious and Base metals 18% COPPER 4
Slide 5: The Luca Story
LUCAMINING.COM 5 The Luca Story PRODUCTION 2024 PRODUCTION 2025 ESTIMATE TAHUEHUETO ~58,000 oz Au Eq 80,000 - 100,000 oz Au Eq 2 Achieved 2024 production targets (65,000 - 80,000 oz Au Eq Payable) Significant further organic upside H1 39,154 oz Au Eq DE-RISKED OPERATIONS FREE CASH FLOW 2025 ESTIMATE
Slide 6: Our Plan
LUCAMINING.COM 66 Commission Tahuehueto Mill commissioning complete - continue throughput Our Plan ramp up – commercial production achieved Q1 Explore Tahuehueto …underway 2025 Exploration commenced in Q4 2024. First assays in over a decade received in Q1 2025 – exciting new gold zones discovered Ra
Slide 7: What this Means
LUCAMINING.COM 7 What this Means Our mines are permitted, Our mines have Luca is heading towards re-ranking in production and development and resource as a mid-tier producer generating cash flow – upside and optimization at our foundation on which to both projects is ongoing grow Clean balance sheet
Slide 8: The Skills We Bring to De-risk M&A
LUCAMINING.COM 8 The Skills We Bring to De-risk M&A: FINANCIAL OPERATIONS Luca has the expertise to restructure and recapitalize Luca has the ability to turn around and optimize on accretive terms for shareholders mining assets Since Jan 1, 2024, debt has been reduced from Campo Morado throughpu
Slide 9: Campo Morado
LUCAMINING.COM 9 GLOBAL M&I GOLD ZINC COPPER SILVER LEAD 16.6 Mt M&I 700 Koz M&I 1.2 Blbs M&I 0.2 Blbs M&I 62 Moz M&I 0.3 Blbs M&I CAMPO Location Guerrero State 121 sq km Processing 2,400 tpd throughput capacity (crushing, milling, flotation) MORADO Ownership 100% 2025E Production 54,000 – 64,000 oz
Slide 10: Optimization at Campo Morado yielding excellent results
LU LUCC AMAM I NI N I NI N GG. C. C OOMM 1010 Optimization at 2,500 16,000 14,000 CAMPO MORADO yielding 2,000 12,000 excellent results 10,000 1,500 Ounces TPD 8,000 1,000 6,000 4,000 500 Q4 2,000 2023 Initiated - - Optimization Program Q423 Q124 Q224 Q324 Q424 Q125 Q225 AuEq Production Campo Morado
Slide 11: Campo Morado 4.0 – Gold Opportunity
LU LUCC AMAM I NI N I NI N GG. C. C OOMM 1111 Campo Morado 4.0 – Gold Opportunity 4 3 implementation • Modifications to processing circuit 2 Economics can be implemented efficiently • An increase in recovery and 1 metallurgy grade could materially • No major new permit requirements • Cyanidation for
Slide 12: Exploration Upside at Campo Morado
LUCAMINING.COM 12 July 7, 2025: First Surface Drill Result at Reforma exploration upside 15.1 metres of 13.4 g/t AuEq at Campo morado (5.35 g/t Au, 187.48 g/t Ag, 0.31% Cu, 8.39% Zn, 2.75% Pb) EXPLORATION Mining Concessions TARGETS >12,000 hs Aug 27, 2025: Additional Drill Results at Reforma 38 37.2
Slide 13: Reforma/El Rey Deposits
LUCAMINING.COM 13 Reforma/El Rey Deposits: • Expand the gold-rich Mineral Resources by drilling on edges of each deposit • Collect additional metallurgical samples for CMIP 4.0 • Geotechnical Drilling • Update Mineral Resources • Test potential mineralization continuity between Reforma and El Rey Hi
Slide 14: Reforma – The Future of Campo Morado
LUCAMINING.COM 14 Reforma – The future of campo morado • Current Mining Areas: Southwest, G9 Zones, El Largo Reforma: -2028 and beyond • Large stopes 40m wide, -Higher gold grades productive, low-cost mining -Efficient mining -Shorter haul to mill • 2024 mining cost: $35/t • Starting in 2028: Reform
Slide 15: Tahuehueto
LUCAMINING.COM 15 GLOBAL M&I GOLD ZINC COPPER SILVER LEAD 6.3 Mt M&I 425 Koz M&I 273 Mlbs M&I 36 Mlbs M&I 9 Moz M&I 123 Mlbs M&I Tahuehueto Location Durango State 75 sq km Processing 1,000 tpd throughput capacity (crushing, milling, flotation) Ownership 100% 2025E Full Year 31,000 – 36,000 oz Au Eq
Slide 16: Tahuehueto
LUCAMINING.COM 16 Tahuehueto LEVEL 12 & 14 PORTALS LEVEL 20 PORTAL CRUSHING CIRCUIT MINE CAMP PROCESS PLANT 16
Slide 17: Transformative Exploration Potential at Tahuehueto
LUCAMINING.COM 17 Fertile Geologic Transformative exploration Setting potential at tahuehueto 800 metres EXPLORATION OBJECTIVES • 10,000m drill program underway • First assays in over a decade reveal discovery of new gold zones and good continuity of existing vein system • New high-grade breccia zon
Slide 18: Santiago Target
LUCAMINING.COM 18 Santiago Target: • Expand limited area of drilling (350m Stike Length) • Defined by 17 DDHs (~4,000m) Santiago • Test Deeper Level Breccia Zone intersected in DDH06-063: 13m of 7 g/t Au, 130 g/t Ag, 1.6% Creston Cu, 1.0% Pb and 1.5% Zn Cinco de Mayo • Sept 2025: 14 metres of 7 g/t
Slide 19: Luca Corporate Stats
LUCAMINING.COM 19 2.00 Luca corporate stats PRICE 1.80 1.60 CHART 1.40 One Year 1.20 LUCA LUCMF Z68 1.00 TSXV OTCQX Frankfurt 0.80 0.60 Shares 267 million 0.40 Outstanding 0.20 Fully Diluted 286 million Market Cap C$470 million (C$1.79/share) (Sept 19, 2025) ANALYSTS 52 Week C$1.92 high Ventum Buy C
Slide 20: A Strong Board of Directors
LUCAMINING.COM 20 A strong Board of directors Mine builders | Opportunity driven Phil Brumit DIRECTOR Peter Damouni CHAIRMAN, DIRECTOR Mr. Brumit is a mining executive with over 40 years of experience in Over 20 years of corporate and investment banking experience with a property evaluation, enginee
Slide 21: A Strong Management Team
LUCAMINING.COM 21 A strong MANAGEMENT TEAM Effective Execution Dan Barnholden, CEO Dan Barnholden is a seasoned professional with over 20 years of experience in senior mining investment banking roles at bank-owned Ramon Mendoza M.Sc., P.Eng. COO & CTO and boutique dealers in Toronto and Vancouver .
Slide 22: What's Next
LUCAMINING.COM 22 What’s next We see a near-term With significant And longer term valuation re-rating additional upside growth ahead The Campo Morado copper/zinc Production upside at both mines M&A growth mine has undergone a highly Targeting doubling production to Targeting mid-tier ranking with su
Slide 23: Thank You
LUCAMINING.COM 23 Thank You LUCAMINING.COM TSX-V: LUCA OTCQX: LUCMF FRANKFURT: Z68
Slide 24: Appendix
LUCAMINING.COM 24 APPENDIX 24
Slide 25: Campo Morado Resources
LUCAMINING.COM 25 Campo Morado Resources RESOURCES (NI 43-101 Compliant, March 2018) 25
Slide 26: Tahuehueto Resources
LUCAMINING.COM 26 Tahuehueto resources RESERVES & RESOURCES (NI 43-101 Compliant, April 2022) 26