Slide 1: Optimization Exploration Expansion
June 10, 2025 TSX-V: LUCA | OTCQX: LUCMF | FRANKFURT: Z68 | L U C A LMUI CNAI MN IGN .I C NGO .M COM 1 Optimization Exploration Expansion PRODUCtion gold/zinc/copper/silver/lead cash flow DISTRICT SCALE exploration
Slide 2: Forward Looking Statements
LUCAMINING.COM 2 Canadian regulatory agencies and available at www.sedarplus.ca. The Company Company’s anticipated future business operations. The Company disclaims any FORWARD LOOKING STATEMENTS believes that the expectations reflected in Forward-Looking Information in this Corporate Presentation a
Slide 3: Mexico Mining Experts
LUCAMINING.COM 3 MEXICO MINING EXPERTS Some of the largest mining companies in the world Mining in Mexico surround us in Mexico We know Mexico - and our experienced management team and our knowledge of the Mexican mining landscape give us a competitive advantage 3
Slide 4: Our Metal Breakdown
LUCAMINING.COM 4 OUR METAL BREAKDOWN 22% COPPER 34% GOLD 18% COPPER REVENUE ~50/50 Precious and Base metals BY METAL 16% SILVER 4% LEAD 24% ZINC 4
Slide 5: The Luca Story
LUCAMINING.COM 5 The Luca Story PRODUCTION 2024 PRODUCTION 2025 ESTIMATE TAHUEHUETO ~58,000 oz Au Eq 80,000 - 100,000 oz Au Eq 2 Achieved 2024 production targets (65,000 - 80,000 oz Au Eq Payable) Significant further organic upside Q1 21,293 oz Au Eq DE-RISKED OPERATIONS FREE CASH FLOW 2025 ESTIMATE
Slide 6: Our Plan
LUCAMINING.COM 66 Commission Tahuehueto Mill commissioning complete - continue throughput Our Plan ramp up – commercial production achieved Q1 Explore Tahuehueto …underway 2025 Exploration commenced in Q4 2024. First assays in over a decade received in Q1 2025 – exciting new gold zones discovered Ra
Slide 7: What this Means
LUCAMINING.COM 7 What this Means Our mines are permitted, Our mines have Luca is heading towards re-ranking in production and development and resource as a mid-tier producer generating cash flow – upside and optimization at our foundation on which to both projects is ongoing grow Clean balance sheet
Slide 8: Campo Morado
LUCAMINING.COM 8 GLOBAL M&I GOLD ZINC COPPER SILVER LEAD 16.6 Mt M&I 700 Koz M&I 1.2 Blbs M&I 0.2 Blbs M&I 62 Moz M&I 0.3 Blbs M&I CAMPO Location Guerrero State 121 sq km Processing 2,400 tpd throughput capacity (crushing, milling, flotation) MORADO Ownership 100% 2025E Production 54,000 – 64,000 oz
Slide 9: Optimization at Campo Morado yielding excellent results
LU LUCC AMAM I NI N I NI N GG. C. C OOMM 9 9 Optimization at CAMPO MORADO yielding excellent results Q4 2023 Initiated Optimization Program STAGES 1 2 3 4 Back to Basics Sustainable Operations Improvement Projects Campo Morado 4.0 • Refurbish & upgrade • Implement geomet and M2M • Partial flotation
Slide 10: Exploration upside at Campo Morado
LUCAMINING.COM 10 Main Declines, Development (looking North) G9, Naranjo and Largo Ore Bodies exploration upside at Campo morado • Well-defined, drilled and developed ore bodies • Higher Cu recovery, should increase economical and mineable resources Large amounts of technical data: Surface & structu
Slide 11: Exploration upside at Campo Morado
LUCAMINING.COM 11 Drill Gravity exploration upside collars survey at Campo morado EXPLORATION 4 of top 10 TARGETS “Drill ready” 38 Targets Mining Concessions >12,000 hs First assays reveal discovery of new mineralized zone within the G9 Deposit. Untapped high-grade mineral potential close to existin
Slide 12: Tahuehueto
LUCAMINING.COM 12 GLOBAL M&I GOLD ZINC COPPER SILVER LEAD 6.3 Mt M&I 425 Koz M&I 273 Mlbs M&I 36 Mlbs M&I 9 Moz M&I 123 Mlbs M&I Tahuehueto Location Durango State 75 sq km Processing 2025E Full Year 1,000 tpd throughput capacity (crushing, milling, flotation) 31,000 – 36,000 oz Au Eq Ownership 100%
Slide 13: Tahuehueto
LUCAMINING.COM 13 Tahuehueto LEVEL 12 & 14 PORTALS LEVEL 20 PORTAL CRUSHING CIRCUIT MINE CAMP PROCESS PLANT 13
Slide 14: Transformative exploration potential at Tahuehueto
LUCAMINING.COM 14 Main Declines, Development G9, Naranjo and Largo Ore Bodes Transformative exploration potential at tahuehueto EXPLORATION OBJECTIVES • Step-out drilling along strike (north and south) • Determine vertical extent of mineralization • Drill and explore multiple, known, untested First
Slide 15: Luca corporate stats
LUCAMINING.COM 15 Luca corporate stats PRICE CHART One Year LUCA LUCMF Z68 TSXV OTCQX Frankfurt Shares 262 million Outstanding Fully Diluted 286 million Market Cap C$341 million (Jun 6, 2025) ANALYSTS 52 Week C$1.60 high Ventum Buy C$2.05 C$0.405 low SHAREHOLDER BASE Debt U$8.5 million Maxim Buy U$1
Slide 16: A strong Board of directors
LUCAMINING.COM 16 A strong Board of directors Mine builders | Opportunity driven Phil Brumit DIRECTOR Peter Damouni CHAIRMAN, DIRECTOR Mr. Brumit is a mining executive with over 40 years of experience in Over 20 years of corporate and investment banking experience with a property evaluation, enginee
Slide 17: A strong Management Team
LUCAMINING.COM 17 A strong MANAGEMENT TEAM Effective Execution Dan Barnholden, CEO Dan Barnholden is a seasoned professional with over 20 years of experience in senior mining investment banking roles at bank-owned Ramon Mendoza M.Sc., P.Eng. COO & CTO and boutique dealers in Toronto and Vancouver .
Slide 18: What's next
LUCAMINING.COM 18 What’s next We see a near-term with significant and longer term valuation re-rating additional upside growth ahead The Campo Morado copper/zinc Production upside at both mines M&A growth mine has undergone a highly Targeting doubling production to Targeting mid-tier ranking with su
Slide 19: Thank You
LUCAMINING.COM 19 Thank You LUCAMINING.COM TSX-V: LUCA OTCQX: LUCMF FRANKFURT: Z68
Slide 20: Appendix
LUCAMINING.COM 20 APPENDIX 20
Slide 21: Campo Morado Resources
LUCAMINING.COM 21 Campo Morado Resources RESOURCES (NI 43-101 Compliant, March 2018) 21
Slide 22: Tahuehueto resources
LUCAMINING.COM 22 Tahuehueto resources RESERVES & RESOURCES (NI 43-101 Compliant, April 2022) 22