Teck Resources Limited Class A · TSX:TECK.A
Teck Resources Limited Class A — Investor Day (April 2018)
34 slides from Teck Resources Limited Class A's investor day presentation, Apr 4, 2018
Slide 1: Attractive Growth Options
Attractive Growth Options April 4, 2018 Alex Christopher, SVP Exploration, Projects and Technical Services
Slide 2: Forward Looking Information
Forward Looking Information Both these slides and the accompanying oral presentation contain certain forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of the Securities Act (Ontario)
Slide 3: Developed Strategies and Systems
Developed Strategies and Systems Delivering attractive growth options Disciplined Decision Making Strategic Capital Allocation Long Life, Quality Projects in Stable Jurisdictions Commercial & Technical Expertise Social, Environmental & Community Leadership 3
Slide 4: Attractive Growth Options
Attractive Growth Options Quality, long life projects in stable jurisdictions Long Life Assets Aktigiruq • +20 years Galore/Schaft • District upside Mesaba Quality Projects • High margin • Low cost San Nicolás Stable Jurisdictions • Chile • Canada Exploration Zafranal • USA Teena Project Satellite Q
Slide 5: Building the Future
Building the Future Leveraging commercial, technical and community expertise Exploration Discovery The right people, the right belts Teena Zafranal San Nicolás Recognize, Analyze, Act M&A Innovative deals and partnerships NuevaUnión Galore Schaft Mesaba Recognizing Full Brownfield Potential Know you
Slide 6: Active Portfolio Advancement
Active Portfolio Advancement Strategic capital allocation Exploration Scoping PFS FS Development Aktigiruq San Nicolás QB2 Teena Galore Zafranal Exploration Mesaba Schaft NuevaUnión Project Satellite Advanced Projects Advancing the right projects at the right time Delivering long-term value for shar
Slide 7: Quebrada Blanca 2
Quebrada Blanca 2 Developing the next major copper producer in Chile Long Life Asset • Initial mine life 25 years using only 25% of reserves and resources1 • Further upside potential in the district Quality Project • Brownfields site, low strip ratio • Total costs (AISC) low half of cost curve • Com
Slide 8: Quebrada Blanca 2
Quebrada Blanca 2 Significant resource potential beyond current plan N 8
Slide 9: Quebrada Blanca 2
Quebrada Blanca 2 Significant resource potential beyond current plan N Mineralized Footprint (4km x 2km) 9
Slide 10: Quebrada Blanca 2
Quebrada Blanca 2 Significant resource potential beyond current plan N 25Year Pit (3km x 1.6km) Mineralized Footprint (4km x 2km) 10
Slide 11: Quebrada Blanca 2
Quebrada Blanca 2 Significant resource potential beyond current plan N 25Year Pit (3km x 1.6km) Mineralized Footprint (4km x 2km) 11
Slide 12: Quebrada Blanca 2
Quebrada Blanca 2 Significant resource potential beyond current plan N 25Year Pit (3km x 1.6km) Mineralized Footprint (4km x 2km) 12
Slide 13: Quebrada Blanca 2
Quebrada Blanca 2 Significant resource potential beyond current plan N 25Year Pit (3km x 1.6km) Mineralized Footprint (4km x 2km) 13
Slide 14: Quebrada Blanca 2
Quebrada Blanca 2 Significant resource potential beyond current plan N Mineralized Footprint 14
Slide 15: Quebrada Blanca 2
Quebrada Blanca 2 Significant resource potential beyond current plan N Mineralized Footprint (4km x 2km) 15
Slide 16: Quebrada Blanca 2
Quebrada Blanca 2 Significant resource potential beyond current plan N Mineralized Footprint (4km x 2km) 25Year Pit Footprint Mineralized (3km x 1.6km) 16
Slide 17: Quebrada Blanca 2
Quebrada Blanca 2 Significant resource potential beyond current plan N Mineralized Footprint (4km x 2km) 25Year Pit (3km x 1.6km) 17
Slide 18: Quebrada Blanca 2
Quebrada Blanca 2 Significant resource potential beyond current plan N Mineralized Footprint (4km x 2km) 25Year Pit (3km x 1.6km) 18
Slide 19: Quebrada Blanca 2
Quebrada Blanca 2 Significant mine and infrastructure development Water Pipeline • 140 kt/d concentrator Concentrate Pipeline Power Line • Tailings facility + transport system Utilities • Concentrate pipeline (164 km) Road • Water pipeline (160 km) • Port (desalination plant, concentrate filtration
Slide 20: Quebrada Blanca 2
Quebrada Blanca 2 Greenfield development, brownfield site Water Pipeline Concentrate Pipeline Key Activities Power Line • Permitting Utilities • Community Engagement/Agreements Road • Advancing Detailed Engineering • Execution Readiness • Operational Readiness Source: “Project location” -20.976693,
Slide 21: NuevaUnión (50% Interest)
NuevaUnión (50% Interest) Advancing an attractive long-life asset in partnership with Goldcorp Long Life Asset • 39 year life of mine1 • Expansion/extension opportunities • Further potential in the district Quality Project • Attractive front end grade profile • Staged development options Stable Juri
Slide 22: NuevaUnión (50% Interest)
NuevaUnión (50% Interest) A new, innovative approach to major mine development Water Pipeline Concentrate Pipeline • Addressing community concerns Power Line – Reduced environmental footprint Conveyor / Utilities – Innovative ore transport system Road • Capturing project synergies – One: plant, TMF,
Slide 23: NuevaUnión (50% Interest)
NuevaUnión (50% Interest) Focused on environmental, technical and community activities Water Pipeline Concentrate Pipeline Key Activities Power Line Conveyor / Utilities • Finalizing Pre-Feasibility Road • Preparing for Feasibility • Ongoing environmental base line studies • Proactive community enga
Slide 24: Project Satellite
Project Satellite Defining the path to value recognition Disciplined decision making Schaft Creek (75%) Galore Creek (50%) Image Mesaba (100%) placeholder Strategic capital allocation San Nicolás (100%) Commercial, technical and Zafranal (80%) community expertise Attractive, quality assets - Dedicat
Slide 25: Zafranal (80% Interest)
Zafranal (80% Interest) Advancing an attractive copper-gold asset in Peru Long Life Asset • 19 year life of mine1 • Further upside potential in the district Quality Project • Attractive front-end grade profile with rapid payback • Mid range C1 cash costs Stable Jurisdiction • Established mining regi
Slide 26: San Nicolás (100% Interest)
San Nicolás (100% Interest) Unlocking value from a Teck greenfield discovery Long Life Asset • One of the world’s most significant undeveloped VMS deposits1 Quality Project • Expect C1 cash costs in the 1st quartile • Significant co-product Zn, and by-product Au & Ag credits1 Stable Jurisdiction • E
Slide 27: Project Satellite
Project Satellite A path to value recognition Galore Creek (50% Interest) Building momentum on a high-grade copper gold asset • Updating engineering and technical studies • Pursuing partnership opportunities together with NOVAGOLD Schaft Creek (75% Interest) Assessing development options for this la
Slide 28: Project Satellite
Project Satellite Surfacing value by advancing key activities Pre-feasibility Study Zafranal Consolidate Ownership (80%) Baseline Studies 35,880m Drilling Feasibility Study Zafranal C$43M in 20181 SEIA Prep & Approval 2016 2017 2018 2019 2020 Consolidate Ownership (100%) San Nicolás Baseline Studies
Slide 29: Exploration at Teck
Exploration at Teck Delivering orebodies through integrated geoscience Exploration Acquisitions Geoscience Solutions Best Belts, Best Districts, Recognize, Analyze, Act Create, Enhance, Sustain Best Projects 29
Slide 30: Teena (100% Interest)
Teena (100% Interest) Greenfield discovery - Right time, right place, right insights Long Life Asset • 58Mt @ 11.1% Zn and 1.5% Pb (Inferred)1 • Most significant Zn-Pb discovery in Australia since 1990 (Century/Cannington) Quality Project • Significant mineralized system • High grade • Premier zinc
Slide 31: Aktigiruq (100% Interest)
Aktigiruq (100% Interest) Uncovering potential in the brownfield environment Long Life Asset • Exploration target of 80-150 Mt @ 16-18% Zn + Pb1 Quality Project • Premier zinc district • Significant mineralized system • High grade Stable Jurisdiction • Operating history • ~12 km from Red Dog operati
Slide 32: Delivering Value
Delivering Value Focused exploration and portfolio management Aktigiruq (Red Dog) Discovery (GF/BF) Teena Zafranal San Nicolás Schaft QB Acquisitions (M&A) Galore NuevaUnión Mesaba Lobo-Marte, Araguaia, Aği Daği/Kirazli Montcalm Morelos KZK, Royalty Portfolio Strategic Value Recognition Los Filos Pr
Slide 33: Notes
Notes Slide 7: Quebrada Blanca 2 – Developing the next major copper producer in Chile 1. For current Reserve and Resource statements, please refer to the Teck 2017 AIF filed on SEDAR. Slide 21: NuevaUnión (50% Interest) – Advancing an attractive long-life asset in partnership with Goldcorp 1. For cu
Slide 34: Attractive Growth Options
Attractive Growth Options April 4, 2018 Alex Christopher, SVP Exploration, Projects and Technical Services