Los Andes Copper Ltd. · TSXV:LA
Los Andes Copper — Investor Presentation (April 2020)
20 slides from Los Andes Copper's investor presentation, April 2020
Slide 1: Advancing Chile's Next Major Copper Mine
ADVANCING CHILE’S NEXT MAJOR COPPER MINE TSX-V: LA Corporate Presentation – April 2020 1
Slide 2: Disclaimer
DISCLAIMER Certain of the information and statements contained in this presentation constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking information is often, but not always, identified by the use of words such as: “believe”, “expect”, “anticipat
Slide 3: Fundamentals of Los Andes
FUNDAMENTALS OF LOS ANDES ROBUST TOP MINING LEADERSHIP GROWTH COPPER PROJECT JURISDICTION POTENTIAL DEMAND Strong economics Chile is identified as the Highly experienced Large resource base that Strong drivers for evaluated in the most attractive country team led by Fernando exceeds the initial 45 c
Slide 4: Corporate Overview
CORPORATE OVERVIEW 271,658,136 Major Shareholders of Los Andes Copper Ltd Shares Outstanding C$ 68 million Market Cap* *Turnbrook Mining Ltd 13,400,000 (private) – 53% Warrants 34% Resource Capital 25 cents Other Turnbrook Fund VI LP Mining Ltd Share Price* 18% (private)* 53% Ashant 1,425,000 7% (BC
Slide 5: The Vizcachitas Project
THE VIZCACHITAS PROJECT Tier 1 copper deposit located along one of the world’s most prolific copper belts • 100% interest in Vizcachitas copper project in Chile • One of the largest advanced copper deposits in the Americas • Located along Chile’s most prolific copper belt • Established infrastructur
Slide 6: Located Along Chile's Most Prolific Copper Belt
LOCATED ALONG CHILE’S MOST PROLIFIC COPPER BELT Proven & Probable Measured & Indicated Inferred Resources Reserves Resources Project Cu lb Cu lb Cu lb billions billions billions Los Pelambres 15.0 39.2 28.6 Pachon - 19.3 13.9 Vizcachitas - 12.8 6.7 West Wall - 9.7 9.9 Los Bronces 16.4 8.8 27.9 Andin
Slide 7: Prospective District Positioned for Future Growth
PROSPECTIVE DISTRICT POSITIONED FOR FUTURE GROWTH EXPANSION Mine throughput of 110 ktpd will only see half of the current resource mined by the end of the 45-year mine life SIGNIFICANT LAND PACKAGE Large holding (308 km² ) of which only a small portion has been properly explored FIRST MOVER MAJOR PL
Slide 8: Solid Economics Supporting the Project
SOLID ECONOMICS SUPPORTING THE PROJECT 2019 PEA economics significantly upgraded (base case 110 ktpd mill) 20.77% $1.80 billion $3.00/lb IRR NPV (post tax) Copper price $1.88 billion 3.4 year 45 year Initial capex Payback period from Mine life (including 20% contingency) initial production 0.53% CuE
Slide 9: PEA Pit Design
PEA PIT DESIGN • Measured and Indicated blocks > 0.4% copper • LOM PEA Open pit 110 ktpd • Higher grade supergene mineralisation in first years • Measured and Indicated Copper Resource of 1.28 billion tonnes at a copper grade of 0.40% and a copper equivalent grade of 0.45% • Measured and indicated:
Slide 10: Leveraged Exposure to Copper
LEVERAGED EXPOSURE TO COPPER $1.8 billion after-tax NPV (8%) at $3 /lb Copper C1 Cash Costs – $1.36 /lb average C1 cash cost for the first 8 years of production NPV (kUSD) Sensitivity Analysis – Copper Price Variation (After Tax) Cu Price Variation 110 ktpd C1 cash cost cUSD/lb bUSD US¢/lb 270 1.2 2
Slide 11: Advancing Development of Vizcachitas
ADVANCING DEVELOPMENT OF VIZCACHITAS Commercial production anticipated 2025 TARGET 2025 Commencement of commercial Initiate operations construction Preparation of FS Secure funding package for Environmental construction permit approval Completion of PFS TSX-V: LA / 11
Slide 12: Vizcachitas in the Community
VIZCACHITAS IN THE COMMUNITY Los Andes Copper works with the community in order to support the development of local business and develop human capital • Social Engagement • Undertook meetings with stakeholders, including local authorities and the community to inform them of the project • Sponsored P
Slide 13: Leadership
LEADERSHIP The management team has the track record and expertise to take Vizcachitas through the development process and into production FERNANDO PORCILE ANTONY AMBERG MANUEL MATTA JOSE TOMAS LETELIER Executive Chairman CEO - Chief Geologist Director of Vizcachitas Project Director of Corporate Aff
Slide 14: Contacts
CONTACTS LOS ANDES COPPER (TSX-V: LA) Fernando Porcile, Executive Chairman Tel: +56 2 2954-0450 Antony J. Amberg, CEO – Chief Geologist Tel: +56 2 2954-0450 info@losandescopper.com BLYTHEWEIGH (Financial PR) Tim Blythe tim.blythe@blytheweigh.com Megan Ray megan.ray@blytheweigh.com / 14
Slide 15: Appendix
APPENDIX
Slide 16: Good Local Infrastructure
GOOD LOCAL INFRASTRUCTURE 120 km 45 - 85 km Railway line from San Towns and cities with Felipe to Ventanas skilled mining labour force concentrate smelter & port 60 km* 500 l/sec 2,000 m To 220 KV substation Water rights Low elevation, mild climate conditions *Updated since 2019 PEA 150 km 60 km Fro
Slide 17: Vizcachitas Mineral Resources
VIZCACHITAS MINERAL RESOURCES • Measured and Indicated Copper Resource of 1.28 billion tonnes at a copper grade of 0.40% and a copper equivalent grade of 0.45% Measured and indicated: o 11.2 billion pounds of copper o 400 million pounds of molybdenum o 43.3 million ounces of silver • Measured and In
Slide 18: Copper Market
COPPER MARKET THE OUTLOOK FOR COPPER WILL Copper value chain – A widening market deficit is looming BE SIGNIFICANTLY IMPACTED BY • The widening market deficit in the copper sector will put further pressure on price EV BATTERY DEMAND • The rise in demand for EVs will be a decisive driver for copper C
Slide 19: Board of Directors
BOARD OF DIRECTORS FERNANDO PORCILE EDUARDO COVARRUBIAS GONZALO DELAVEAU FRANCIS O’KELLY FRANCISCO COVARRUBIAS PAUL MIQUEL Executive Chairman Director Director Director Director Director • Mining Engineer with over 50 • Mr. Covarrubias has been • Mr. Delaveau is a lawyer, • Mr. O’Kelly is a graduate
Slide 20: Extended Management
EXTENDED MANAGEMENT GONZALO SALDIAS HARRY NIJJAR PEDRO LOCH PATRICIO AMESTICA ALEJANDRO CASSI Geologist Chief Financial Officer Controller Manager – Environmental and Manager – Community Relations • • Mr. Loch is a Certified Permitting • Mr. Cassi is a sociologist and • Mr. Saldias is a geologist fr
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