Slide 1: Advancing Copper Assets in Peru
ADVANCING COPPER ASSETS IN PERU CORPORATE PRESENTATION TSX-V: ECU OTCQB: EMTRF BVL: ECU August 2024
Slide 2: Forward-Looking and Cautionary Statements
Forward-Looking and Cautionary Statements Certain statements in this presentation constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking information relates to future events, future performance and statements that are not historical facts. Forward-
Slide 3: Our Company
Our Company COPPER FOCUSED EXPERIENCED TEAM PROVEN MINING RESOURCE GROWTH CATALYSTS Advancing large porphyry Peru operating JURISDICTION Building on established Discovery and resource copper deposits experience Peru is 2nd largest copper resources expansion potential producer globally Who We are Ele
Slide 4: Capital Structure
Capital Structure Capital Structure – January 2024 Supportive strategic partners Insiders aligned with shareholders Shares Issued 106.2 million Fully Diluted 141.4 million 8% Options 6.6 million 8% (Weighted average exercise price C$0.49) Total Warrants 28.7 million 7% • 5.7 million warrants (Dec. 2
Slide 5: Leadership
Leadership • Geoscientist and junior mining executive with over 25 years experience. Richard Osmond • Involved in discoveries at Vale's Voisey's Bay Ni-Cu-Co mine and Glencore’s Raglan Ni-Cu-PGM mine. CEO (P.Geo., ICD.D) • Senior technical lead with Anglo American responsible for North America and E
Slide 6: Peru: a Country Enriched with Copper
Peru: a Country Enriched with Copper • Peru is the second largest copper producer globally (2.5 Mtpa). • The total copper inventory of Peru is 238 Mt, as reported by SPGlobal1. • Peru is home to 3 of the largest 10 copper mines in the world. • Copper deposits are distributed throughout the Andean ma
Slide 7: Peru: a Proven Mining Jurisdiction
Peru: a Proven Mining Jurisdiction Comparison of Cu Production Costs for Selected Countries • MINING FRIENDLY: • Mining comprises over 60% of Peru’s exports and approximately 10% of GDP. • Mines get permitted and built in Peru. • LOW COST: • Copper production costs are relatively low, globally. • RE
Slide 8: Project Portfolio
PROJECT PORTFOLIO Potential for Growth, Opportunity to Discover Strong copper-mineralized systems with large hydrothermal footprints, which are at low elevations, close to the Pacific coast, and near infrastructure. Elida • Porphyry Cu-Mo deposit cluster. • Initial Mineral Resource Estimate issued i
Slide 9: Elida Project
ELEMENT 29 RESOURCES TSX-V: ECU OTCQB: EMTRF BVL: ECU 9
Slide 10: Elida Project
Elida Project LOCATION ADVANTAGES LOWER ELEVATION (~1,600 M) TRANSPORTATION ROUTES ANTAMINA ELECTRICAL GRID PORTS BARRANCA HYDROELECTRIC STATION (45 MW) HUACHO SKILLED WORKFORCE CHANCAY CALLAO 10
Slide 11: Elida Copper Project Highlights
(Isometric View – Looking NW) Elida Copper Project INFERRED MINERAL RESOURCE ESTIMATE Highlights: • Initial Mineral Resource Estimates1: • Pit constrained 321.7 million inferred tonnes at 0.32% Cu, 0.03% Mo, 2.61 g/t Ag delineated in Zone 1 using a 0.74:1 strip ratio and Pit-Constrained Inferred 0.2
Slide 12: Elida Copper Project: Exploration Potential
Elida Copper Project Isometric View – Looking NW EXPLORATION POTENTIAL Exploration Target: Pit-Constrained Inferred • Exploration target with potential to expand outside of the pit shell Cu Resource Model1 by between 350 and 680 million tonnes of 0.3% Cu to 0.4% Cu. Disclosure: The potential quantit
Slide 13: Elida Copper Project: Exploration Potential
Elida Copper Project EXPLORATION POTENTIAL ELID025 (909 m @ 0.55% CuEq including 339.6 m of 0.67% CuEq from bedrock surface at 38.45 m)1 Significant Exploration Potential: A. In-fill and expansion on NW side of pit. ELID032 (404.5 m @ 0.6% CuEq ending in 13 m of 0.93% CuEq)4 B. Expansion below the p
Slide 14: Flor de Cobre Project
= ELEMENT 29 RESOURCES TSX-V: ECU OTCQB: EMTRF BVL: ECU
Slide 15: Flor de Cobre Project
Flor de Cobre Project IN A PREMIER PRODUCING COPPER DISTRICT LOWER ELEVATION (~2,700 M) TRANSPORTATION ROUTES MATARANI ELECTRICAL GRID PORTS MINING SERVICES IN AREQUIPA INGLES SKILLED WORKFORCE Cerro Verde Cu-Mo Mine Chapi Cu Mine Freeport McMoRan Nexa Resources Peru S.A. 26 km to the northwest. 5 k
Slide 16: Flor de Cobre Project: Exploration Prospect
Flor de Cobre Project EXPLORATION PROSPECT ATRAVESADO PORPHYRY CU-MO PROSPECT • Geophysical response coincides with anomalous Cu geochemistry, potassic alteration, and A-type quartz veining. • Historical drilling by Anglo American drilled near the edge of the main target area. • Target is just 1.5 k
Slide 17: Copper Project Pipeline
COPPER PROJECT PIPELINE 17
Slide 18: Copper Project Pipeline
Copper Project Pipeline EXTENSION OF THE PALEOCENE ARC - NORTH LOWER ELEVATION (~3000 M) TRANSPORTATION ROUTES ELECTRICAL GRID PORTS MINING SERVICES SKILLED WORKFORCE 18
Slide 19: Paka
Paka CU-AU PORPHYRY SKARN • Skarn outcrops (450 x 250m) that continues to the northwest under post-mineral volcanic cover. Skarn Exposure 0.65% Cu (mean, n=58) • 4.3 x 1.3 km porphyry skarn related hydrothermal alteration footprint. Cumax= 4% • Paleocene age mineralization based on field relationshi
Slide 20: Pahuay
Pahuay CU-MO PORPHYRY SKARN • Upper potassic zone exposed leaving potential for fully preserved porphyry skarn system at depth. • 2.8 x 1.7 km porphyry-related hydrothermal alteration footprint, not drill tested. A vein stockwork • Upper Cretaceous host rocks constrains mineralization age to Paleoce
Slide 21: ESG and Sustainability Best Practices
ESG and Sustainability Best Practices • Sustainability encompasses best practices in ethical conduct, health-safety-security, environmental management, community engagement, and human rights. Monitoring baseline water quality and minimizing our environmental footprint by recycling waste and protecti
Slide 22: Summary: Catalyst-Driven 2024 Work Plan
Catalyst-Driven 2024 Work Plan1 EXPANDING CU RESOURCES • Elida drill permit in place to start Phase 3 drill program. • Potential to significantly expand and improve grade on existing Elida pit-constrained inferred mineral resource estimate. • Metallurgical test work planned at Elida in Q3 to determi
Slide 23: Contact
Contact RICHARD OSMOND President & CEO 1-888-246-7881 info@e29copper.com www.e29copper.com – Follow us Twitter – Connect with us on LinkedIn – Watch us on YouTube
Slide 24: Appendix A: Elida Project Sections
Appendix A: ELIDA PROJECT SECTIONS
Slide 25: Elida Copper Project: Section A-A'
Elida Copper Project A (Looking West) A’ EXPLORATION POTENTIAL 0.0 m Significant Exploration Potential: A’ A A. In-fill and expansion on NW side of pit. B. Expansion below the pit. C A C. In-fill and expansion on SW side of pit. D. In-fill and expansion on E-SE side of pit. -500.0 m E. Extension of
Slide 26: Elida Copper Project: Section D-D'
D’ Elida Copper Project D (Looking North) EXPLORATION POTENTIAL 0.0 m Significant Exploration Potential: D A A. In-fill and expansion on NW side of pit. B. Expansion below the pit. ELID032 (404.5 m @ 0.6% CuEq ending in 13 m of 0.93% CuEq)4 C. In-fill and expansion on SW side of pit. D’ D. In-fill a
Slide 27: Elida Copper Project: Section C-C'
Elida Copper Project Cu% C (Looking North) C’ Pit-Constrained Inferred Mineral Resource Model – Cu2 (Isometric View – Looking NW) EXPLORATION POTENTIAL C’ Significant Exploration Potential: 0.0 m A. In-fill and expansion on NW side of pit. A C C B. Expansion below the pit. C. In-fill and expansion o