World Copper Ltd · TSXV:WCU
World Copper — Investor Presentation (May 2024)
23 slides from World Copper's investor presentation, May 2024
Slide 1: Building America’s Copper Company
TSXV: WCU | OTCQB: WCUFF | FRA: 7LY0 Building America’s Copper Company Corporate Presentation MAY 2024 TSXV: WCU \ OTCQX: WCUFF \ FRA: 7LY0
Slide 2: Forward Looking and Cautionary Statements
FORWARD LOOKING AND Cautionary Statements This presentation contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian and US securities legislation. All statements, other than statements of historical fa
Slide 3: Historic Copper Pricing & Forecast
MACRO MARKET VIEW Historic Copper Pricing & Forecast The State of the Copper Market $5.00 APR 15, 2024 $4.38 $4.55 Market Balance (Supply Demand Gap) $4.50 $4.27 $4.43 0 $4.03 $4.13 Copper Price US$/lb Cu $4.00 Millions of metric tons -2 $3.50 -4 $3.00 -6 $2.50 ACTUALS (2020-2024) CONSENSUS (APR 202
Slide 4: Size Matters: David vs Goliath Scenario
MACRO MARKET VIEW Size Matters: David vs Goliath Scenario The Big Issues: The Solution: • World decarbonization means The market is turning to a lot more copper is needed. environmentally-conscious oxide deposits, which are less • Current copper mine start schedule will expensive, easier to build, a
Slide 5: The Zonia Solution
A UNIQUE COPPER OXIDE OPPORTUNITY The Zonia Solution Permitting Advantage Infrastructure/Utilities • Private Patented Land • Power CAPITAL INTENSITY • Brownfield site • Water 25,000 • No tailings • Rail access 9 ,75 19 20,000 15 0 15 4 8 ,24 ,29 ,63 14 5 6 9 ,46 ,36 ,06 15 Supply Chain Copper Oxide
Slide 6: Arizona: Copper Made in America
ARIZONA: A PRIME MINING JURISDICTION Copper Made in America ARIZONA Canyon Uranium • Ranks 7th Global Mining – Fraser Institute Flagstaff • 71% of US copper supply is produced in Arizona Moss Gold Bagdad ZONIA • Major mining companies operate 10 copper mines in Kay Mine Pinto Phoenix Valley Arizona.
Slide 7: Zonia’s Outstanding Profile
COMPARING WITH ARIZONA PEERS Zonia’s Outstanding Profile COPPER COPPER SANTA ZONIA CACTUS WORLD CREEK CRUZ CAPEX (initial + sustaining) = $100 M • Open Pit + • Open Pit + • Open Pit Underground • Open pit Underground • Underground RISK PROFILE • Oxide leaching • Oxide and sulfide • Oxide and • Oxide
Slide 8: A Designated Critical Metal
USA DOMESTIC COPPER SUPPLY A Designated Critical Metal Criticality Matrix Copper made in America, for America (tapping into USA critical minerals domestic supply chain). Copper production is supported by US Department of Defense and Department of Energy, listing Copper as a Critical Raw Material. Do
Slide 9: Zonia Project: Mine Site
ZONIA PROJECT Mine Site 17.1 Mt mined from 1966 to 1975: 33.2 Pit panorama: Zonia mine site was pre-stripped in 1976 M lbs of cement copper produced from the 7.1 Mt ore Leach pad from former production processed. (7 Mt of Ore on pad) Mine site and buildings TSXV: WCU \ OTCQX: WCUFF \ FRA: 7LY0 9
Slide 10: Zonia Cross Section
DEVELOPMENT PLAN Zonia Cross Section TSXV: WCU \ OTCQX: WCUFF \ FRA: 7LY0 10
Slide 11: Simple Mining and Processing (SX-EW)
ZONIA’S GREENER PROCESS Simple Mining and Processing (SX-EW) ▸ Conventional open pit mining ▸ Standard heap leaching and SX-EW processing (no ISL*) ▸ Low acid consumption and 73% CuT recoveries ▸ No smelting – a cleaner process with lower emissions ▸ No tailings – smaller environmental footprint ▸ L
Slide 12: Zonia Production Profile / Economics
2018 HISTORICAL PEA PARAMETERS* Zonia Production Profile / Economics Total Tons Leached 93 M Preliminary Economic Assessment – March 2018 Head Grade 0.30% Cu Base case $2.00/lb Cu designed pit shell; $3.00/lb Cu price Mine Life 8.6 years Payback Period 2.9 years ▸ After-tax NPV (8%) of US$192 M, 29%
Slide 13: 2022 Copper Oxide Resource Estimate
NI 43-101 2022 Copper Oxide Resource Estimate ▸ Measured and Indicated Resources of 75.7 M short tons at 0.3% Cu containing 450.5 M lbs of copper (0.125-0.13% Cu cut-off). ▸ Inferred Resources of 122 M short tons at 0.24% Cu containing 575.4 M lbs of copper (0.125-0.13% Cu cut-off). Cut-off Short Gr
Slide 14: Zonia: Extensive Metallurgical Testing
DEVELOPMENT PLAN Zonia: Extensive Metallurgical Testing ▸ Extensive metallurgical test-work with Column Leach Results (Redstone, 2011) average recovery of 73%. ▸ Low acid consumption of 25 lbs/ton. ▸ Multiple metallurgical tests conducted on the property in 1995, 2008 and 2011. ▸ Master composite sa
Slide 15: The Zonia Two-Phased Approach
DEVELOPMENT PLAN The Zonia Two-Phased Approach Phase 1: DE-RISKING PROJECT Resource FS Engineering Permitting DEVELOPMENT Update 2023 2024 2025 2025 2026 2027 Phase 2: GROWTH New Targets EXPLORATION Drilling Zonia N New MRE Met Testing (sulphides) TSXV: WCU \ OTCQX: WCUFF \ FRA: 7LY0 15
Slide 16: Zonia’s Expansion
GROWTH POTENTIAL ZONIA NORTH Zonia’s Expansion Phase 1 2018 PEA Resource & New Porphyry Target ▸ Zonia North: Northeast anomaly identified. Elevated Mo, Cu & Au, with depressed Mn and Zn: “textbook” porphyry Cu footprint. ▸ This untested drill target measures 1.5 km x 2 km (~1 x 1.5 miles) and conti
Slide 17: Zonia’s Key Advantages
IN THE HEART OF US COPPER COUNTRY Zonia’s Key Advantages • Accessible by road INFRASTRUCTURE • Powerline to the property • Railroad access 10 miles away • First 9 years of production on private patented land (only state permits) PERMITTING • Brownfield site, pre-stripped • Mining-friendly jurisdicti
Slide 18: Escalones: Largest Copper Oxide Deposit in Development in Chile
HIGHLIGHTS Escalones: Largest Copper Oxide Deposit in Development in Chile ▸ 3.4 B lbs of Cu in inferred resources. ▸ PEA annual production 50 kt of copper in cathodes over 20 years. ▸ Post-Tax $1.5B NPV(8) and 46.2% IRR at $3.60/ lb Cu. ▸ High exploration potential: multiple new porphyry targets on
Slide 19: Escalones: 426 Mt of Copper Oxide in Inferred Resources
AN OUTSTANDING SX-EW OPPORTUNITY Escalones: 426 Mt of Copper Oxide in Inferred Resources N ▸ Total land Package: 4,689 hectares, with an option to acquire 100% ownership. ▸ Potential to discover new copper-gold porphyries 28,000m Resource Estimate Statement Hard Rock Consulting LLC. August 2021 dril
Slide 20: Management
WORLD COPPER Management JOHN DROBE | Head Geologist • Mr. Drobe is a geologist with over 30 years’ experience specializing in porphyry copper-gold, epithermal and skarn deposits throughout the GORDON NEAL | President & CEO Americas. • Mr. Neal has extensive experience in the metals and mining sector
Slide 21: Board of Directors & Advisory
WORLD COPPER Board of Directors & Advisory HENK VAN ALPHEN | Chairman JONATHAN LOTZ | Director Mr. van Alphen founded Wealth Minerals in 2005. With more than 30 Mr. Lotz is a member of the Bars of British Columbia & New York and is a years of experience in the mining industry, he has been a key play
Slide 22: Share Structure
WORLD COPPER Share Structure 30% Insiders & Management 36% 58,835,211 shares Shares Outstanding: Public Float 194,554,067 66,547,956 shares Restricted Shares 69,170,100 shares 34% TSXV: WCU \ OTCQX: WCUFF \ FRA: 7LY0 22
Slide 23: Contact us
TSXV: WCU | OTCQB: WCUFF | FRA: 7LY0 Contact us: Michael Pound, Corporate Development Phone: (604) 638-3665 Email: mpound@worldcopperltd.com Visit us online: www.worldcopperltd.com Follow us: WorldCopperLtd TSXV: WCU \ OTCQX: WCUFF \ FRA: 7LY0 23