C3 Metals Inc. · TSXV:CCCM
C3 Metals — Investor Presentation (February 2024)
56 slides from C3 Metals's investor presentation, February 2024
Slide 1: Poised For Discovery
Poised For Discovery Corporate Presentation TSX.V: CCCM C3METALS.COM February 2024
Slide 2: Forward-Looking Statement
FORWARD-LOOKING STATEMENT • Forward-Looking Statement This presentation contains certain statements that may constitute forward-looking information under applicable securities laws. All statements, other than those of historical fact, which address activities, events, outcomes, results, developments
Slide 3: A Simple Value Proposition at ~C$40M Market Cap
A SIMPLE VALUE PROPOSITION AT ~C$40M MARKET CAP PERU JAMAICA Protected Downside Near-term Momentum Driver • Maiden resource justifies current valuation1: • Current drill program in Jamaica will • M&I Mineral Resources - 51.9 Mt at 0.50% Cu and provide steady news flow of assay 0.20 g/t Au for 569.1M
Slide 4: C3 Metals: Investment Opportunity
C3 METALS: Investment Opportunity Good Properties attract Good People and Good People attract Necessary Capital Good Properties Good People Necessary Capital Two Copper-Gold Right People In Place to Foundation in Place to District-Scale Property Unlock Value Unlock Value Positions Poised for Discove
Slide 5: C3 Metals' Board & Senior Management
C3 METALS’ BOARD & SENIOR MANAGEMENT Serial Resource Industry Value Creators DAN SYMONS TONY MANINI BSc (Hons), FAusIMM, FSEG President & CEO, Director Chairman • +15 years of mining industry experience in • +30 years in exploration, mine development, mine business development, corporate operations,
Slide 6: Proven Track Record of Discovery & Success
PROVEN TRACK RECORD OF DISCOVERY & SUCCESS At all Stages of Exploration and Mining A Combination of Capital Markets and Technical Expertise DAN SYMONS STEVE HUGHES Strategic, Visionary, Expert Entrepreneurial Porphyry Geologist Leader Driving Unlocking Value Growth & Success Through Discovery and De
Slide 7: Shareholder Breakdown & Analyst Coverage
SHAREHOLDER BREAKDOWN & ANALYST COVERAGE Over 35% Institutionally Held Institutions 10% Ingalls & Snyder Investment Management Equinox Partners Investment Management Resource Capital Funds 54% 36% Aegis Funds Pathfinder Asset Management J Zechner & Associates INSIDERS INSTITUTIONAL HIGH NET WORTH /R
Slide 8: Capital Structure
CAPITAL STRUCTURE Pre-consolidation1 13:1 Post-consolidation2 Shares Outstanding 804.5M Shares Outstanding 61.9M Warrants (avg $0.19) 6.0M Warrants (avg $2.47) 0.5M Options (avg $0.09) 38.9M Options (avg $1.17) 3.0M Share Price C$0.065 Share Price C$0.845 Market Cap (Undiluted) C$52.3M Market Cap (U
Slide 9: Share Price Performance vs. News Flow
Share Price Performance vs. News Flow April 3, 2023 to January 12, 2024 Oct. 4, 2023 Drill results announced: Nov. 15, 2023 208m at 0.43% Cu and Closing of Sept. 25, 2023 0.20 g/t Au (0.57% CuEq1) Fully Drill results announced: 280m at only 22m downhole Subscribed 0.43% Cu and 0.24 g/t Au (0.60% $8.
Slide 10: C3 Metals
C3 Metals Focused on creating substantive value through the discovery and development of LARGE COPPER-GOLD DEPOSITS JAMAICA PERU Where we believe we will show Known world class the world a new district Copper/Gold district Montego Bay Ocho Rios Caribbean Sea Cr aw lR ive rF Port Antonio PERU au lt Z
Slide 11: Jamaica: Government Supportive & Favorable Environment
JAMAICA: Government Supportive & Favorable Environment Mining 2nd 70+ year 75+ years 150+ Largest Industry Bauxite industry Mining law in Open-pit in Jamaica place limestone / • US$500-600M annual exports (since 1947) aggregate mines • Alumina refinery in country Jamaican Mining History § Historical
Slide 12: Jamaican Mineral Sector Is Seeking Investment in Metallic Minerals
JAMAICAN MINERAL SECTOR IS SEEKING INVESTMENT IN METALLIC MINERALS MINES AND GEOLOGY DIVISION OF THE MINISTRY OF AGRICULTURE, FISHERIES AND MINES “The identification and evaluation of the precious and base metal potential gold, copper on the island. “To promote and encourage investment in non-bauxit
Slide 13: Copper and Gold Deposits of the Caribbean
COPPER AND GOLD DEPOSITS OF THE CARRIBEAN Productive for Porphyry & Epithermal Cu-Au Deposits Arimao Porphyry Cu-Au Porphyry Epithermal VMS Florencia Low S Veins 1Moz Au El Cobre North American VMS 10Mt @ 1.5 Douvray Cu-Au Plate ve g/t Au & 2% Meme Cu Au 18Mt @ 0.59% Cu Relati ent Cu 1.5Mt @ 2% Cu M
Slide 14: Stamford Hill and Charing Cross Mined in 1800s
STAMFORD HILL AND CHARING CROSS MINED IN 1800s 62 Adits & Multiple Shafts Sunk § British mined high-grade epithermal copper-gold veins in the 1800s § Stamford Hill and Charing Cross veins mined during the 1850s. § Operated until 1863 Adit to the 2nd Level at Stamford Mine Closed adit § Reports indic
Slide 15: Pennants Gold Mine (2002 – 2004)
PENNANTS GOLD MINE (2002 – 2004) First Gold Deposit in Jamaica to be put into Production § BHP (1992) defined a 3km gold in soil anomaly, discovered Pennants epithermal veins system § Orvana (1995-1998) reported bonanza gold grades in Pennants drill holes, including § 1.7m @ 429.78g/t gold in MD53 P
Slide 16: C3 Metals in Jamaica: A New & Emerging District
C3 METALS IN JAMAICA: A New & Emerging District 16 Porphyry & 40 Epithermal Targets Identified Over 30km Strike Porphyry Prospects (Advanced) Porphyry with ore grade holes Porphyry Targets (Drill Ready) High Grade Copper Occurrences Epithermal Prospects Historical Mine Adits/Shafts Bellas Gate – Dri
Slide 17: C3 Metals in Jamaica: A New & Emerging District
C3 METALS IN JAMAICA: A New & Emerging District Copper Occurrences TSX.V: CCCM | C3METALS.COM Investor Presentation | FEBRUARY 2024 17
Slide 18: C3 Metals in Jamaica: A New & Emerging District
C3 METALS IN JAMAICA: A New & Emerging District Gold Occurrences TSX.V: CCCM | C3METALS.COM Investor Presentation | FEBRUARY 2024 18
Slide 19: Stretching Exploration Dollars Through Smart Investments
STRETCHING EXPLORATION DOLLARS THROUGH SMART INVESTMENTS Smart Investment: C3 Metal’s All-In Drilling Cost Advantage $200k CAD invested in man-portable MORE diamond drill rig METRES DRILLED PER EVERY § Fully owned $1 INVESTED § Flexibility § 600m-Depth § Direct drill cost: C3 METALS ESTABLISHED CAMP
Slide 20: Actively Drilling with Two Rigs
ACTIVELY DRILLING WITH TWO RIGS Sept. 12, 2023 CO B To Arthurs Seat SEPL 286m at 0.37% Cu and 0.21 g/t Au (0.52% NN ELT CuEq ) from 64m, incl. 192m at 0.45% Cu 1 and 0.27 g/t Au (0.64% CuEq1) O CA RS Sept. 25, 2023 M EL 280m at 0.43% Cu and 0.24 g/t Au (0.60% HENDLEY CuEq1) Within 391m of Porphyry C
Slide 21: Case Study: Newmont Acquisition of GT Gold in 2021
CASE STUDY: NEWMONT ACQUISITION OF GT GOLD in 2021 Newmont acquired GT Gold for similar copper grades Purchase Price $311M USD ($418M CAD) Indicated 298.0 Mt at 0.28% Cu and 0.36 g/t Au (0.53% CuEq2) Inferred 542.8 Mt at 0.25% Cu and 0.31 g/t Au (0.47% CuEq2) C3 Metals’ CuEq2 grades in recent drilli
Slide 22: Explaining the Different Zones of a Porphyry
EXPLAINING THE DIFFERENT ZONES OF A PORPHYRY Hard Boiled Egg Analogy PYRITE SHELL • Cooler temperature • Does not contain copper CHALCOPYRITE • Medium temperature • ~1/3 copper BORNITE • Hot temperature • ~2/3 copper Different sulphide minerals deposit at different temperatures TSX.V: CCCM | C3METAL
Slide 23: Provost Represents the Classic Porphyry Model
PROVOST REPRESENTS THE CLASSIC PORPHYRY MODEL Well Developed Alteration and Sulphide Zonation Porphyry Centre Phyllic to Potassic Core Alteration Zonation Chlorite-Magnetite- Big Rig Epidote Alteration C3-MP De cre asi ng Py rite Py -10 Inc % rea Py sin -5% g Cp Py -0% y Cp ri t e y Cp Cp 500m 0-1 y
Slide 24: Porphyry Sulphide Mineral Zonation
PORPHYRY SULPHIDE MINERAL ZONATION Classic Porphyry, Fully Intact Porphyry System 3-Metre Core Slabs Demonstrate Classic Porphyry Sulphide Mineral Zonation PYRITE SHELL CHALCOPYRITE BORNITE CORE 0.14% copper & 0.04 g/t gold 0.89% copper & 0.39 g/t gold 1.14% copper & 1.19 g/t gold (0.17% CuEq1) (1.1
Slide 25: Porphyry Cluster Confirmed Through Drilling
PORPHYRY CLUSTER CONFIRMED THROUGH DRILLING TSX.V: CCCM | C3METALS.COM Investor Presentation | FEBRUARY 2024 25
Slide 26: Multiple Porphyries Over 4km Trend with Limited Shallow Drilling
MULTIPLE PORPHYRIES OVER 4KM TREND WITH LIMITED SHALLOW DRILLING Previous drilling averaged 225m depth Deeper drilling underway with grades improving at depth TSX.V: CCCM | C3METALS.COM Investor Presentation | FEBRUARY 2024 26
Slide 27: Our Drill Targeting Recipe for Success
OUR DRILL TARGETING RECIPE FOR SUCCESS 1 2 3 4 Cu Se GEOCHEMISTRY GEOCHEMISTRY GEOPHYSICS GEOPHYSICS Strong copper in Strong selenium in soil Magnetic high Chargeability soils (indicator mineral) high When we have all four ingredients, we have been encountering strong copper mineralization TSX.V: CC
Slide 28: 2024 Plan – Up To 20,000m of Drilling
2024 Plan – Up To 20,000m of Drilling Evaluating Multiple Hydrothermal Systems Along 3-Mineral Belts C3’s OPTIMAL DRILLING RECIPE Cu Se Strong copper + Selenium in Mag high IP chargeability soil geochemistry soil high RIDGE AND SPURS AND MULTI- HAS ALL THE INGREDIENTS FOR DRILLING ELEMENT ANALYSIS,
Slide 29: Bellas Gate Multi-Kilometre Scale Copper in Soil Anomaly
BELLAS GATE MULTI-KILOMETRE SCALE COPPER IN SOIL ANOMALY Multi-Element Geochemistry (Cu-Au-Se-Mo) Confirms Multiple Porphyry CO NN OR CA SB M EL EL T BE HENDLEY LT LUCKY VALLEY PROVOST Ov EPIDOTE RIDGE CONNORS er 4k 10 GEO HILL m km BULL SNAP PLEASANT HILL CAMEL HILL Stamford Hill COFFEE Dry Hill WO
Slide 30: Arthurs Seat (60km2) – New Discovery
ARTHURS SEAT (60km2) – NEW DISCOVERY No Geologist Had Walked the Ground Since Noranda 1963 Porphyry Prospects (Advanced) Porphyry with ore grade holes Porphyry Targets (Drill Ready) High Grade Copper Occurrences Epithermal Prospects Historical Mine Adits/Shafts Bellas Gate – Drill permits to June 20
Slide 31: Arthurs Seat Discovery - 2022
ARTHURS SEAT DISCOVERY - 2022 Ov er 8k m St ri ke Le ng e th id W 5km r 4. 5.2% copper & 0.81 g/t gold ve O Epithermal Style Gold-Copper Mineralization, Vein Hosted Crawle River R 16.5% copper, 4,890 g/t io Minho Fault silver & 0.50 g/.t gold Zone Discovered 8.0km by 4.5km Copper-Gold Zone TSX.V: CC
Slide 32: Mineralization Extends Beyond Pennants Mine
MINERALIZATION EXTENDS BEYOND PENNANTS MINE Multiple High-Grade Gold & Copper Zones Field Confirmed MAIN RIDGE GOLD AND COPPER ZONES OVER 4KM ARTHURS SEAT PROJECT AREA Rio Rock chip assays up to M in 2.86% Copper MAIN RIDGE ho F ault CO Channel – 16.0m at 1.22% Be nne PP Copper + 7.8g/t Silver tt F
Slide 33: C3 Metals in Jamaica: Summary
C3 METALS IN JAMAICA: SUMMARY Share Price Cashed Up Steady News Adding Drill Opportunity C$8.1M Financing Flow Targets Closed Nov. 15, 2023 2 active rigs up to 20,000m § Secured over 20,000 hectares of prospective copper-gold exploration licenses in an under-explored, mining-friendly jurisdiction §
Slide 34: C3 Metals
C3 Metals Focused on creating substantive value through the discovery and development of LARGE COPPER-GOLD DEPOSITS PERU Known world class Copper/Gold district PERU JASPEROI JASPEROIDE DE Lima Pacific Cusco Las Bambas Haquira Constancia Ocean Antapaccay Arequipa 30,000 hectares in Andahuaylas-Yauri
Slide 35: Peru: A Copper Legacy
PERU: A Copper Legacy 2nd 11% 10% 2.2M Largest of Global Copper of Peru’s GDP metric tonnes Worldwide Production produced in 2022 Copper Producer Rich Mining History § History of copper mining dating back thousands of years. § Attracts significant investments from international mining companies due
Slide 36: C3 Metals in Peru: Strategic 30,000-Hectare Land Package
C3 Metals in PERU: Strategic 30,000-Hectare Land Package TSX.V: CCCM | C3METALS.COM Investor Presentation | FEBRUARY 2024 36
Slide 37: CVZ MCZ COZ
CVZ MCZ COZ TSX.V: CCCM | C3METALS.COM Investor Presentation | FEBRUARY 2024 37
Slide 38: Maiden Resource - Montaña de Cobre Zone
MAIDEN RESOURCE - Montaña de Cobre Zone Total Tonnes Copper Contained Contained Mineral Resource Tonnes Gold Grade in Grade Copper Gold Category (Kt) (g/t) Conceptual (%) (M lbs) (K oz) Pit Measured 28,636 0.60 0.24 380.0 218.2 Indicated 23,304 0.37 0.15 189.1 108.6 Measured & Indicated 51,940 0.50
Slide 39: Intrusions Exploit Deep Seated Faults
INTRUSIONS EXPLOIT “DEEP SEATED” FAULTS Parallel Porphyry, Skarn & Epithermal Mineralized Belts TSX.V: CCCM | C3METALS.COM Investor Presentation | FEBRUARY 2024 39
Slide 40: C3 Metals: Land Packages Put Together. Time to Drill!
C3 METALS: Land Packages Put Together. Time to DRILL! Current market cap of ~C$40M Up to 20,000m drilling Jamaica: At least 16 porphyry planned in Jamaica in 2024 and 40 epithermal targets over 30km strike extent Maiden resource in Peru Peru offers exposure to large, underpins value and protects str
Slide 41: Contacts
CONTACTS DAN SYMONS President & CEO Tel: (416) 716-6466 /C3Metals dsymons@c3metals.com @C3Metals CORPORATE OFFICE 69 Yonge St., Suite 200 @C3Metals Toronto, Ontario M5E 1K3 info@c3metals.com company/C3Metals www.c3metals.com TSX.V: CCCM | C3METALS.COM Investor Presentation | FEBRUARY 2024 41
Slide 42: Provost Plan View Map
PROVOST PLAN VIEW MAP TSX.V: CCCM | C3METALS.COM Investor Presentation | FEBRUARY 2024 42
Slide 43: Provost Cross Section – PVT0900-002
PROVOST CROSS SECTION – PVT0900-002 LAHAR PVT0900-003 PVT0900-001 (EOH 418.6m) (EOH 152.0m) Off Section WS R PHYRY FLO ITE PO ANDES PVT-17-002 PVT-17-006 Basalt (300m) PVT-17-004 PVT0900-004 Pyrite>Chalcopyrite PVT-17-005 mineralization in diorite x PVT0900-002 E (EOH 480.7m) ANDESIT NICLA STICS MUL
Slide 44: Provost Cross Section – PVT0900-003
PROVOST CROSS SECTION – PVT0900-003 What We Have Learned At Provost ü Both andesite (green) and diorite (purple) units are mineralized ü Higher grades in diorite (purple) ü Epithermal veins overprint the porphyry mineralization ü Epithermal veins significantly increase the copper and precious metals
Slide 45: Provost Cross Section - PVT0825-001
PROVOST CROSS SECTION - PVT0825-001 1Copper equivalent (CuEq) calculation is for reporting purposes only and was determined based on CuEq (%) = Cu (%) + ((0.7079 × Au g/t) under metal price assumptions of Copper - US$3.00/lb, Gold - US$1,800/oz. As the Bellas Gate project is an early-stage explorati
Slide 46: Camel Hill Plan Map View
CAMEL HILL PLAN MAP VIEW TSX.V: CCCM | C3METALS.COM Investor Presentation | FEBRUARY 2024 46
Slide 47: Camel Hill Cross Section – CMH8350-001
CAMEL HILL CROSS SECTION – CMH8350-001 What We Have Learned At Camel Hill ü Both andesite (green) and diorite (purple) units are mineralized ü Higher grades in andesite (green) near surface due to interpreted hypogene enrichment ü Epithermal veins overprint the porphyry mineralization ü Multi-pulse
Slide 48: Below Epidote Ridge Is Potential Source
BELOW EPIDOTE RIDGE IS POTENTIAL SOURCE Multiple Mineralized Porphyry Apophyses Encircle Epidote Ridge NEXT SLIDE SECTION VIEW IP- CHRG – LN2 TSX.V: CCCM | C3METALS.COM Investor Presentation | FEBRUARY 2024 48
Slide 49: Epidote Ridge - Geo Hill - Connors Connection
EPIDOTE RIDGE - GEO HILL - CONNORS CONNECTION Mag and IP Converge with Depth, Interpreted Bornite-Core GEO HILL PORPHYRY EPIDOTE RIDGE CONNORS PORPHYRY Proposed Drill Holes Barren Granodiorite Mag High on Section to the South C3 Metals’ Drill Hole September 2022 CON9325-001 Assayed 309m @ 0.44% copp
Slide 50: Multiple Known Porphyries May Converge at Depth
MULTIPLE KNOWN PORPHYRIES MAY CONVERGE AT DEPTH All Drilling Currently Relatively Shallow MAGNETIC VECTOR INVERSION -100m IP CHARGEABILITY -100m Connors Connors Camel Hill Camel Hill Anomalies Converge at Depth Below Epidote Ridge MAGNETIC VECTOR INVERSION -400m IP CHARGEABILITY -400m Connors Connor
Slide 51: Over 20,000 Hectares in a Jurisdiction with…
Over 20,000 hectares in a Jurisdiction with… THE RIGHT RECIPE FOR SUCCESS ü Stable, democratic government ü English speaking • Multi-party system ü Supportive local communities • Elections every five years ü Multi-kilometre copper-gold trend ü Mining is the second largest with copper in: industry •
Slide 52: Strong Community Relations Are Critical
STRONG COMMUNITY RELATIONS ARE CRITICAL Community Engagement and Involvement CORPORATE SOCIAL RESPONSIBILITY § Contact, Communicate and Involve Community § Stakeholder engagement started on Day 1 § Consultation with local community x3 § Identify inhabitants and landowners § Social baseline survey §
Slide 53: Community Engagement
COMMUNITY ENGAGEMENT Community Programs and Initiatives 5 1 Support Small Businesses 4 Connors Connecting Communities Rock River 1 5 2 Educational Assistance 4 2 3 Bellas 3 Gate Road Repairs Support Local Farmers TSX.V: CCCM | C3METALS.COM Investor Presentation | FEBRUARY 2024 53
Slide 54: Community Engagement
COMMUNITY ENGAGEMENT Community Programs and Initiatives 1 3 Supporting Local farmers Educational Support 3 4 1 4 2 2 Technology Support for Local Schools Road Repairs-Before/After TSX.V: CCCM | C3METALS.COM Investor Presentation | FEBRUARY 2024 54
Slide 55: Partnering with RCF Foundation & Nine Miles of Smiles
PARTNERING with RCF FOUNDATION & NINE MILES OF SMILES Launching Partnership Program in 2024 COMMUNITY HEALTHCARE PARTNER § Nine Miles of Smiles (NMS) is a non-profit volunteer organisation that provides free dental care to underserviced areas in Jamaica. § Our goal is to work together and launch a s
Slide 56: Planned Community Training Facility
PLANNED COMMUNITY TRAINING FACILITY Successful CSR Programs Critical to C3 Metals Success Crop-Rotation and Animal Husbandry Training Facility Fish Ponds Chickens Corn Cabbage Ducks Beans TSX.V: CCCM | C3METALS.COM Investor Presentation | FEBRUARY 2024 56