Selkirk Copper Mines Inc. · TSXV:SCMI
Selkirk Copper Mines — Investor Presentation (September 2025)
36 slides from Selkirk Copper Mines's investor presentation, September 2025
Slide 1: Selkirk Copper Mines Inc.
Selkirk Copper Mines Inc. September 2025
Slide 2: Cautionary Notes and Technical Disclosure
Cautionary Notes and Technical Disclosure Disclaimer This corporate presentation (the "Presentation") is being furnished on a confidential basis, in order to provide readers certain information with respect to the business and operations of Selkirk Copper Mines Inc. (the “Company”) current as of Jul
Slide 3: Cautionary Notes and Technical Disclosure Cont.
Cautionary Notes and Technical Disclosure Cont. Forward-Looking Statements Certain information presented in this Presentation constitutes forward-looking information or forward-looking statements (collectively, “forward-looking statements”) within the meaning of applicable securities laws. Such forw
Slide 4: Outline
Outline Investment Opportunity Fiore Group of Companies and Selkirk First Nation Minto Value Proposition, Significant Infrastructure, Key Learnings, and Historical Production Selkirk Copper Team and Restart Strategy Updated Mineral Resource Estimate Exploration Potential and Planned Work Proposed Fi
Slide 5: Investment Opportunity
Investment Opportunity • Industry-leading First Nation commercial and operating partnership • Capital cost offset opportunity with ~$320M previously invested in plant, sustaining capital and improvements over the life-of-mine1 • Operating cost and free cash flow improvement opportunity stemming from
Slide 6: Fiore Group Active Canadian Companies
Fiore Group Active Canadian Companies Dolly Varden Silver West Red Lake Gold Mines Nations Royalty Corp TSX-V:DV | NYSE:DVS TSX-V:WRLG | OTCQB:WRLGF TSX-V:NRC | OTCQB:NRYCF Market Cap: ~C$425M Market Cap: ~C$275M Market Cap: ~C$100M High-grade silver-primary exploration High-grade gold development L
Slide 7: About Selkirk First Nation
About Selkirk First Nation • The Selkirk First Nation Government is centered in the community of Pelly Crossing, located ~280 km North of Whitehorse, with a population of approximately 750 citizens • Selkirk First Nation (SFN) is a self-governing First Nation, having signed its Final and Self- Gover
Slide 8: Minto Value Proposition
Minto Value Proposition • Acquisition of a high-grade, idled open-pit and underground copper and gold mine with significant infrastructure in place • 4,100 tpd design capacity mill2, open pit & underground mine, TMF, camp, water treatment plant, surface and underground equipment • New high-grade cop
Slide 9: Significant Existing Infrastructure
Significant Existing Infrastructure Significant Underground Workings Open Pit Mineral Resources Bulk Mineable Underground 4,100 tpd Mill 400 Person Camp Water Treatment Plant 9
Slide 10: Minto Mine Acquisition Opportunity
Minto Mine Acquisition Opportunity • Minto Metals bankruptcy in May 2023; controversial PWC-managed sales process resulted in potential liquidation of mine assets. Gold-silver stream and concentrate offtake removed through bankruptcy • Purchased from bankruptcy for C$6.4 million. C$30 million total
Slide 11: Historical Mine Production
Historical Mine Production OP Ore Mined (LHS) UG Ore Mined (LHS) Mill Feed (LHS) Overall Cu Recovery (%) (RHS) 2,000 100 1,600 80 Design Capacity — 4,100 tpd Tonnage (000 t) 1,200 60 800 40 400 20 0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Sherwood Copper
Slide 12: What's Different This Time
What’s Different This Time Boots on the Ground – This asset has been underattended to and undermanaged for ~10 years; our team is committed to changing that starting now Social License – Selkirk Copper’s advancement of the Minto Mine towards a restart decision will be in partnership with Selkirk Fir
Slide 13: Selkirk Copper Team
Selkirk Copper Team Board of Directors ? ? Colin Joudrie Rob McLeod Ryan Weymark Alex Morrison TBA TBA CEO, Director Director Director Independent Director Selkirk Director Selkirk Director Executive & Strategic Advisors Josh Kierce Matthew Pickard Chuck Hennessy Stacie Jones Scott Fulton Justin Ste
Slide 14: Minto Restart Strategy
Minto Restart Strategy Initial Plan to Restart the Minto Mine 2025 2026 2027 2028 Court Approval (Jun-25) Approve Project Description Restart Milestones Decision Exploration Financing (Sep-25) Restart Financing (H2-27) Trade-off Study Completion (Q1-26) Complete FS (H1-27) Production (H1-28) Drillin
Slide 15: Planned Use of Proceeds
Planned Use of Proceeds $40M Financing Planned Work ~50,000 m of drilling planned, with 2 drills currently on site, ramping up to 4 Exploration 13.0 or 5 in Q4/25 Trade-off Final consultant selection underway. Will evaluate mining restart scenarios 1.5 Studies and sequencing, identify long-lead item
Slide 16: 2025 Mineral Resource Estimate – Table 1
2025 Mineral Resource Estimate – Table 1 In-situ Grades Contained Metal Mining Cutoff Tonnage % Change NSR Class Cu Au Ag Cu Au Ag Method vs. 20214 C$/t 000 t C$/t % g/t g/t M lbs 000 oz 000 oz Indicated 6,085 75% $89.11 0.90 0.27 2.9 120 54 560 Open Pit $30 Inferred 9,496 378% $73.71 0.70 0.16 2.4
Slide 17: 2025 Mineral Resource Estimate – Table 2
2025 Mineral Resource Estimate – Table 2 In-situ Grades Contained Metal Cutoff Tonnage NSR Indicated Area Cu Au Ag Cu Au Ag C$/t (000 t) (C$/t) % g/t g/t M lbs 000 oz 000 oz Ridgetop 5,693 $90.09 0.91 0.28 2.92 114 52 535 Open Pit $30 118 391 $74.83 0.73 0.13 2.06 6 2 26 OP Subtotal 6,085 $89.11 0.9
Slide 18: 2025 MRE Parameters and Footnotes
2025 MRE Parameters and Footnotes Notes to Table 1 and 2: 1. The MRE has been completed by Sue Bird of Moose Mountain Technical Services (MMTS). 2. Effective date is April 7, 2025 3. Mineral Resources are reported using the 2014 CIM Definition Standards and were estimated using the 2019 CIM Best Pra
Slide 19: Recent Drilling at Minto
Recent Drilling at Minto • Limited exploration from 2013 to 2020; non-core mine for Capstone Minto North Minto North Extension • Impressive drilling results before Minto East- bankruptcy North Bridge Minto East Extension Minto East Area 118 Ridgetop & Copper Keel 2025 Updated MRE MRE OP Outline Mint
Slide 20: Minto Near-Mine Exploration Potential
Minto Near-Mine Exploration Potential N Increasing Au & Ag Grade Looking East Minto North OP A2 OP Minto Main OP A C F D B Indicated Mineral E Resources Inferred E Mineral E Resources Composite Long Section, looking East. Source: See slides 14-16 of this Presentation, the 2025 Technical Report. A Hi
Slide 21: Minto North – New Extension
Minto North – New Extension DH Assay (CuEq %) >2% 1-2% 0.5-1% 0.2-0.5% 2025 MRE Block Model Indicated Inferred Mineralization Shape 50 m Minto North 2025 MRE Indicated UG: 2,162K tonnes @ 1.55% Cu, 0.75 g/t Au, 6.2 g/t Ag, Inferred UG: 655K tonnes @ 1.68% Cu, 1.11 g/t Au, 9.0 g/t Ag Source: See slid
Slide 22: North of Minto Main – Recent Drilling
North of Minto Main – Recent Drilling 22EXP058 Interval 143.75-144.25 m 25.5% Cu An example of net-textured bornite within an equigranular granodiorite 22
Slide 23: Anticipated Activities
Anticipated Activities • Commence drilling summer 2025 • >50,000 meters prioritizing mineral resource expansion and near mine exploration • Minto North high-grade discovery an early priority to assess UG vs. OP at restart • Drilling to commence on closing • Trade off studies completed late 2025/earl
Slide 24: Planned Financing and Capital Structure
Planned Financing and Capital Structure Capitalization structure including upsized C$40M raise Pre-Money Stop-Gap Planned Post-Money Item Units 5 6 • The planned formation of Selkirk Subtotal Financing Financing Total Copper Mines Inc. (“SCM”), based Cash C$ C$0 $4,599,960 $39,999,999 C$44,599,959 C
Slide 25: Summary
Summary • Opportunity to purchase an idled copper-gold-silver mine in pro-mining jurisdiction; highly leveraged to increased copper, gold, and silver prices. Would benefit from few comparable companies available for investors. Canada’s first indigenous-owned major metal mine. C$40M proposed raise at
Slide 26: Appendices
K SELKIRK COPPER Appendices
Slide 27: Path Forward to Minto Restart
Path Forward to Minto Restart De-Risk Mineral Resource Restart Planning Restart Permitting • Complete engineering trade-off studies to • Ensure all existing permit conditions are • Complete additional in-fill drilling evaluate various mine plans and UG met prior to restarting operations focused on n
Slide 28: Disciplined Project Advancement
Disciplined Project Advancement Exploration – >59,000 meters of drilling has been completed since the 2021 mineral resource update, with up to 50,000 m budgeted for the H2-2025/H1-2026 period to expand and upgrade mineralization. Engineering – Near-term engineering activities will focus on evaluatio
Slide 29: Board of Directors
Board of Directors President & CEO, Director – Colin Joudrie is an accomplished business leader with over 30 years of diverse mineral resources industry experience with a track record of unlocking investment opportunities across the globe. Most recently, he was Vice President Business Development wi
Slide 30: Executive
Executive CFO – Josh Kierce is a Chartered Professional Accountant with eight years of experience in accounting and investment banking primarily focused on the metals and mining sector. Throughout his career, he has been involved in financings raising over $400M for mining companies. He is currently
Slide 31: Executive – Continued
Executive – Continued VP Engineering – Scott Fulton is a Professional Engineer with over 30 years post graduate experience. He is a multi-disciplined Engineering Manager/Project Manager/Director, and has worked in various sectors throughout his career, around the globe. He has significant EPCM/EPC e
Slide 32: Concentrate to Market via Skagway Ore Terminal
Concentrate to Market via Skagway Ore Terminal • Yukon Government & the Municipality of Skagway have an accepted terms of agreement in place (2023) to upgrade the ore terminal dock • Momentum is building from the Yukon Mining industry, options at Skagway and other potential ports (Haines, Prince Rup
Slide 33: Comparables
Comparables 2,000 M&I CuEq Inf CuEq Contained CuEq (000 t) 1,500 2.86% 2.28% 1,000 1.93% 500 2.00% 2.35% 2.77% 1.41% 2.24% 2.41% 1.90% 1.63% 2.32% 0 Selkirk Copper Company Canadian Copper Kutcho Copper Abitibi Metals FireFly Metals Foran Mining Mines EV (US$M) 11.9 20.9 21.9 19.4 511.4 1,164.0 Marke
Slide 34: Statutory Rights of Action for Damages and Rescission
Statutory Rights of Action for Damages and Rescission i. 180 days after the date that the purchaser first had knowledge of the facts giving rise to the cause of action; or In certain circumstances, investors resident in certain provinces and territories of Canada are provided ii. three years after t
Slide 35: Risk Factors
Section 147 of The Securities Act, 1988 (Saskatchewan) provides that no action shall be commenced Risk Factors to enforce these rights more than: The risk factors below are a summary of the risk factors included in the presentation and the a) in the case of an action for rescission or cancellation,
Slide 36: Contact
Colin Joudrie – 604-760-3157 – colin.joudrie@selkirkcopper.com Justin Stevens – 604-240-2959 – justin.stevens@selkirkcopper.com Rob McLeod – 604-617-0616 – rmcleod@fioreconsultants.com
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