Panoro Minerals Ltd. · TSXV:PML
Panoro Minerals — Investor Presentation (January 2024)
22 slides from Panoro Minerals's investor presentation, January 2024
Slide 1: Developing Peru's Next Copper Mine
TSX-V: PML BVL: PML OTC: POROF BORSE: PZM DEVELOPING PERU’s NEXT COPPER MINE Corporate Presentation January 2024
Slide 2: Forward Looking Statements
Forward Looking Statements CAUTION REGARDING FORWARD LOOKING STATEMENTS: Information and statements contained in this presentation that are not historical facts are “forward-looking information” within the meaning of applicable Canadian securities legislation and involve risks and uncertainties. Exa
Slide 3: Delivering into Emerging Global Copper Supply Shortage
Delivering into Emerging Global Copper Supply Shortage World Class Derisked Derisked Derisked Asset Financially Permitting Concentrate Transport Development Important Compelling Proven Options Upcoming Milestones Valuation Upside Management TSXV-PML Page 3
Slide 4: Investment Opportunity
Investment Opportunity Quality Resource, Funding, Plan to Feasibility 1. Increased and Upgraded Mineral Resource January 2024 2. Added High Grade Starter Pit 3. $30 M Funding 2024 – 2026 4. Critical Metals; Copper, Gold, Silver 5. Significant Milestones Planned for 2024 6. Important Location in Sout
Slide 5: Mineral Resource Overview
Mineral Resource Overview January 2024 Update ❑ 1 Billion tonne Target Achieved ❑ 507.3 Mt @ 0.34% Cu, 0.20 g/t Au, 2.42 g/t Ag, 0.0021% Mo (0.43% Cueq) - Indicated ▪ 333% Increase ▪ 51% Total Resource ❑ 496.0 Mt @ 0.27% Cu, 0.17 g/t Au, 2.53 g/t Ag, 0.0027% Mo (0.36% Cueq) - Inferred ❑ High Grade C
Slide 6: Mineral Resource Growth Potential
Mineral Resource Growth Potential Resource and Project Scale ❑ High Grade Corridor Identified ❑ 19 Geologic Targets Identified ❑ Open Along Strike ❑ Growing Project Potential ❑ High Grade at Block Model Limits at South TSXV-PML Page 6
Slide 7: High Grade Component – Starter Pit
High Grade Component – Starter Pit Continuity and Growth Potential North Pit South Pit ❑ Continuity of High Grade ❑ High Grade Starter Pit Potential ❑ High Grade at Surface ▪ 87 Mt @ 0.80% Cueq ❑ High Grade Open at Depth ❑ High Grade Below PEA PIT ❑ 265 Mt @ 0.80% Cueq ❑ Limited Prestripping ❑ Open
Slide 8: Project Growth Areas
Project Growth Areas Open to South ENHANCED PERMITTING OUTLOOK ❑ Pits constrained to avoid developed areas ❑ Growth to south where no developed areas exist ❑ Facilitate permitting of startup of project with high grade starter South Pit ❑ Reduce initial Capital Cost ❑ Self fund future expansion of th
Slide 9: Funding 2024 - 2026
Funding 2024 - 2026 Antilla Project Payments Due ❑ $2.7 M Payment (#2) March 2024 ❑ $7.0 M Payment (#3) 2025 ❑ $20.0 M Payment (#4) Contingent Value 2025 / 2026 ❑ Other Strategic Partner Funding Discussions Underway ▪ Joint Venture ▪ Precious Metals Stream TSXV-PML Page 9
Slide 10: Upcoming Milestones 2024
Upcoming Milestones 2024 Towards Pre-Feasibility ❑ Mine Plan Trade-off Study ▪ High Grade Starter Pit ▪ Lower Capex, Lower Throughput Starter Pit Q1 2024 ▪ Self Fund Expansion ❑ New PEA ▪ Optimized Startup Mine Plan ▪ Improved Metallurgical Recoveries ▪ Pit Slope Steepening Q2 2024 ▪ Waste Storage F
Slide 11: Strategic Project Location
Strategic Project Location Southern Peru Copper Belt HEART OF PERU MINING CLUSTER ❑ Global copper mining sector heavily invested in southern Peru ❑ 12 large scale open pit copper mines/projects ❑ Panoro only exploration company with 100% control of advanced copper project ❑ Infrastructure in place:
Slide 12: Critical Infrastructure In Place & Growing
Critical Infrastructure In Place & Growing Road and Port Alternatives Southern Route to Matarani Port Northern Route to Marcona or Callao Ports ❑ Existing Road in place ❑ Alternate access to port in future ❑ Used by existing operating mines ❑ New bridge complete ❑ Access to Matarani Port ❑ Approach
Slide 13: Northern Access Route
Northern Access Route Bridge Construction ❑ Public access bridge/road ❑ Funded through “works for taxes” program ❑ Crossing located ~ 10 Km East of Cotabambas Project TSXV-PML Page 13
Slide 14: Strong Community Support
Strong Community Support A Decade in the Making COCHAPPATTA COMMUNITY CONVENIO 9th Community Convenio at Project Land Purchase Local Labor Economic Support to Seniors Scholarships TSXV-PML Page 14
Slide 15: Environmental Permits In Place
Environmental Permits In Place 14 Years of Continuity Environmental Licensing – Historical 1. Cotabambas-Ccalla - Constancia de Aprobación Automática N° 062- Environmental Licensing 2010-MEM-AAM del 4 de octubre del 2010, Aprobación de la Declaración de Impacto Ambiental (DIA) Current EIA-sd 2. Cota
Slide 16: Environmental Permit Expansion
Environmental Permit Expansion Towards Growing Cotabambas ❑ Currently 3,076 ha under permit ❑ Expansion application for 3,512 ha ❑ Total hectares: 6,588 (Current plus Expansion ❑ Covers 14 of 19 targets ❑ 2024 Q2 Approval target TSXV-PML Page 16
Slide 17: The Era of Copper
The Era of Copper Demand Growth Inevitable • Global Forces Driving Demand Growth 1. Energy Security 2. Climate Change • Innovation Supporting Demand Growth 1. Electric Vehicles 2. Solar and Wind Power Generation • Worldwide Demographics Enhancing Demand 1. Urbanization China, India, S.E. Asia, Other
Slide 18: Mining in Peru
Mining in Peru Road Map to Development and Stability • A country of 33.4 million • Peru maintains investment- • From pre-Inca times through • Peru is a global leader in the people grade credit rating since Inca, colonial and republican mining industry December 2009 matching periods mining has been o
Slide 19: Enhancing Project Value
Enhancing Project Value Reduce Capex with Stage High Grade Starter Pit Shift NEW Project South From Developed Areas PEA 2024 Improved Recoveries Concentrate Route PFS Reduce Alternatives 2025 Waste Areas Footprint TSXV-PML Page 19
Slide 20: Capital Structure & Share Performance
Capital Structure & Share Performance Tickers TSX-V:PML BVL:PML BORSE:PZM OTC:POROF Share Price $0.12 52 Week Low-High $0.09 - $0.15 Shares Issued 264.4M Options 11.3M Fully Diluted 275.6M Market Capitalization Undiluted $32.0M Fully diluted $33.0M TSXV-PML Page 20
Slide 21: Management & Directors – Peru Experience
Management & Directors – Peru Experience MANAGEMENT DIRECTORS LUQUMAN SHAHEEN, PENG, PE, MBA – PRESIDENT & CHIEF EXECUTIVE AUGUSTO BAERTL – CHAIRMAN OFFICER & DIRECTOR Over 50 years of experience in the Peruvian and International Over 27 years experience in mining sector, 20 years Mining Sector expe
Slide 22: For further information, contact
TSXV:PML For further information, contact: OTCQB:POROF Luquman Shaheen, President and CEO Phone: 604.684.4246 BVL:PML Email: info@panoro.com BORSE:PZM www.panoro.com TSXV-PML
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