Kutcho Copper Corp · TSXV:KC
Kutcho Copper — Investor Presentation (May 2024)
41 slides from Kutcho Copper's investor presentation, May 2024
Slide 1: Investor Presentation May 2024
TSXV: KC | OTCQX: KCCFF Investor Presentation May 2024
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$1,600/oz 2 CuEqR Feasibility Study headline results calculation based on base case metal prices 3 All-in sustaining cost estimation stated in appendix 4 See appendix for Mineral Resource Estimate table
Slide 4: Significant leverage to rising metal prices
4 | kutcho.ca Significant NPV and IRR Sensitivity to Copper Price Only Zinc, Silver & Gold at Base Case Prices leverage to rising metal prices * Values includes Wheaton Stream
Slide 5: Kutcho Copper offers a strong share structure
5 | kutcho.ca TSXV:KC OTCQX:KCCFF Kutcho Copper offers a strong share structure Share Price Last 12 Months (TSX.V – C$) $0.50 Capital structure Ticker Shares issued 154,916,699 TSXV:KC Stock options 10,795,000 OTCQX:KCCFF Warrants 23,537,689 $0.25 Share Ownership Wheaton Precious Metals 11.4% Capsto
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 Low 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
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: VMS target rich environment that remains under-explored
15 | kutcho.ca TSXV:KC OTCQX:KCCFF Kutcho Copper Project is a VMS target rich environment that remains under-explored >30 km Road to Dease Lake 112km strike of Inklin Formation Unprospective ZTEM Anomaly primary targets Plus >30 km strike Esso West Target Main, Sumac Bow Target Mother Target of seco
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: Mother: Exploration target
18 | kutcho.ca TSXV:KC OTCQX:KCCFF Mother : Exploration target 7.5km x 400m long wide Tra nsi A promising geologic environment tio nin gG eol og y with similarities to Esso and Sumac The western margin of the anomaly consists of a thick, coarse felsic dddd volcanic flow dome that transitions to fine
Slide 19: Mother (Western End): Historic high grade samples
19 | kutcho.ca TSXV:KC OTCQX:KCCFF Mother (Western End) : Historic high grade samples Opportunities exist from historic campaigns when levered with N the new geophysical data Field work in 1974 discovered narrow high grade sulphide bands (2.5-5.0 cm chalcopyrite- pyrrhotite-pyrite). Atna in 1996 con
Slide 20: Far East: Exploration target
20 | kutcho.ca TSXV:KC OTCQX:KCCFF Far East : Exploration target 3.5 km long ZTEM target along strike from known mineralization Discreet sub-sections are also VTEM and Magnetic anomalies (signatures similar to that seen at Esso and Sumac) ddddat the Additionally, the data shows a possible fold nose
Slide 21: Additional exploration targets: 2024 and beyond
21 | kutcho.ca TSXV:KC OTCQX:KCCFF Additional exploration targets : 2024 and beyond Sumac Ridge Beyond 2024 • Coincident VTEM, dddd ZTEM, magnetic anomalies • 30 km of target environment at Josh Creek, • Two historical holes with prospective geology Josh Creek South, Krisdddd and Bow • Require more
Slide 22: Exploration program 2024: summary
22 | kutcho.ca TSXV:KC OTCQX:KCCFF Exploration program 2024: summary Esso West • Detailed ground geophysical techniques to refine drill hole targeting • Initial four-hole program with additional drilling contingent on results • Downhole EM geophysical surveys for target vectoring and determining min
Slide 23: Copper developer comparables: Kutcho re-rate opportunity
23 | 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 24: Kutcho opportunities & catalysts
24 | 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 25: Kutcho Copper – a clear path to production
25 | 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 26: Management team
26 | 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 27: Board of Directors & Advisory Board
27 | kutcho.ca TSXV:KC OTCQX:KCCFF Board of Directors & Advisory Board Stephen Quin Bill Bennett Jay Sujir Mark Forsyth Director Director Director Director ● 40 years experience in mining ● Former BC gov’t MLA for 16 years ● Partner, Farris, Vaughan, ● Over 30 years’ with extended & corporate affair
Slide 28: Contact details
TSXV: KC | OTCQX: KCCFF +1 604-628-5623 info@kutcho.ca Kutcho.ca Suite 717 1030 West Georgia St. Tel Email Website Vancouver, BC Canada V6E 2Y3
Slide 29: Appendix
29 | kutcho.ca TSXV:KC OTCQX:KCCFF Appendix
Slide 30: Technical information compliance with NI 43-101
30 | 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 31: Feasibility Study overview
31 | 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 32: Estimate of Mineral Resources
32 | 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 33: Mineral Reserve Estimate
33 | kutcho.ca TSXV:KC OTCQX:KCCFF Mineral Reserve Estimate (effective 4 November 2021) See next page for Notes
Slide 34: Mineral Reserve Estimate (notes)
34 | 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 35: Ore by source and NSR
35 | kutcho.ca TSXV:KC OTCQX:KCCFF Ore by source and NSR
Slide 36: Open pit and underground mining statistics
36 | 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 37: Flotation feed grades
37 | kutcho.ca TSXV:KC OTCQX:KCCFF Flotation feed grades
Slide 38: Processing and concentrate production
38 | 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 39: Capital cost summary
39 | 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 40: Operating cost summary Cash costs and all-in sustaining costs
40 | 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 41: Cash flow summary
41 | kutcho.ca TSXV:KC OTCQX:KCCFF Cash flow summary