Mundoro Capital Inc. · TSXV:MUN
Mundoro Capital — Investor Presentation (October 2023)
32 slides from Mundoro Capital's investor presentation, October 2023
Slide 1: Focused Investment in Copper and Gold
TSX-V: MUN | OTCQB: MUNMF | Frankfurt: NGU TSXV:MUN October 2023 mundoro.com Focused Investment in Copper and Gold
Slide 2: Forward-Looking Statements
Forward-Looking Statements TSXV:MUN Mundoro Capital Inc. • Certain statements made during this presentation, including, without limitation, those concerning the economic outlook for the resource exploration industry, 1040 West Georgia Street expectations regarding metal prices, growth prospects and
Slide 3: Exploration & Royalty Creation
Exploration & Royalty Creation TSXV:MUN 01 02 03 LOW RISK OPTIONALITY VALUE CREATION ▪ Multiple Exploration ▪ 17,000+ meters of drilling in ▪ Consistently one of lowest Programs sole-funded by 2023 G&A among peers – run the Partners: company as owners. ▪ Extensive regional scale exploration land pac
Slide 4: Mundoro's Portfolio
Mundoro’s Portfolio TSXV:MUN Focused on two Strategic Copper Districts: Western Tethyan (Europe) and Laramide Belt (USA) Laramide Belt (Arizona & New Mexico) Western Tethyan Belt (Serbia & Bulgaria) 4
Slide 5: 2023 Portfolio Optionality – up to 17,000 m of Drilling
2023 Portfolio Optionality – up to 17,000 m of Drilling TSXV:MUN Q1 2023 Q2 2023 Q3 2023 E Q4 2023 E Valdor Cu Serbia Skorusa Branik Southwest Cu Serbia Markov Kamen Tilva Rosh, Orlovo, Prekiostenski, Bacevica Markov Kamen, North Bacevica Mescal Canyon, Mineral Dos Cabezas Cu Arizona Pediments Park,
Slide 6: Track Record
Track Record TSXV:MUN Established a sustainable business model to Generate new Royalties while offering Optionality to new Copper Discoveries 3,000 3000 25x GROWTH 2,500 2500 2,000 2000 CONSISTENCY 1500 1,500 1,000 1000 500 500 0 0 2016 2017 2018 2019 2020 2021 2022 2023E 2016 2017 2018 2019 2020 20
Slide 7: Growing Fees Earned from Portfolio
Revenue TSXV:MUN Growing Fees Earned from Portfolio $10,000,000 1000 SENIORS MID-TIERS JUNIORS $1,000,000 $100,000 100 FY 2022 REVENUE (C$ THOUSANDS) EV/R MULTIPLE $10,000 2023 GROWTH 2022 GROWTH $1,000 10 $100 $10 $1 1 Juniors: characterized as companies generating between $100K-$1M over ltm Mid-ti
Slide 8: Capital Structure
Capital Structure TSXV:MUN BALANCE SHEET (CAD$, Q2 2023) SHARE CAPITAL (As of Q2 2023) $ 8.4 MILLION Cash & Cash Equivalents $ 0 Debt 104 MILLION Shares Outstanding 8 MILLION Options Outstanding 112 MILLION Shares Outstanding (Fully Diluted) (Basic) OWNERSHIP AND SIGNIFICANT SHAREHOLDERS RESEARCH AN
Slide 9: Team
Team TSXV:MUN Teo Dechev, MBA, Richard Jemielita, Tom Sant, Damyan Hristov, Data & Mireia Cervera Shamil Devji, Michael Starogiannis, P.Eng, ICD.D, CEO & QP, PhD, Chief Exploration Technical Services Medina, Corporate CFA, Investor MBA, P.Eng, Business Controller Relations Development President, Dir
Slide 10: Macro Driver for Need to Explore for Copper
TSXV:MUN Macro Driver for Need to Explore for Copper
Slide 11: Global Copper Supply can not meet Demand
Global Copper Supply can not meet Demand TSXV:MUN Copper supply continues to under pace demand, causing a global deficit in copper which leads to price increases 53% 14% 3% GROWTH OUTPERFORMANCE SHORTAGE By 2030, the global copper Copper has outperformed the Copper shortage of market is expected to
Slide 12: Mineral Districts of Focus
TSXV:MUN Mineral Districts of Focus
Slide 13: The Potential of the Western Tethyan Belt
Belgrade The Potential of the Western Tethyan Belt TSXV:MUN Timok Varma Burgas Sofia Mines Ports Panagyurishte Smelters Railway Vale-Mundoro Projects BHP-Mundoro Projects JOGMEC-Mundoro Projects Rhodope Mundoro Kinross-Mundoro Projects Timok Outline Timok Srednogorie Serbo - Macedonian Massif Olimpi
Slide 14: The Potential of the Laramide Belt, Southwest USA
The Potential of the Laramide Belt, Southwest USA TSXV:MUN Las Vegas Santa Fe Mineral Park (1.25Mt Cu, 307Kt Mo) Origin Mining Albuquerque Bagdad (6.4Mt Cu, 160Kt Mo) FMI NEW MEXICO ARIZONA Phoenix Pinto Valley (4.8Mt Cu, 79Kt Mo) Capstone Mining Miami-Inspiration (10Mt Cu, 159Kt Mo) Ray (11Mt Cu, 1
Slide 15: Overview – Portfolio Programs
Overview – Portfolio Programs TSXV:MUN Vale-Mundoro Generative Alliance USA Valdor Projects SWM Projects Dos Cabezas Project Picacho Project Southwest USA Central Timok, Serbia Southwest Timok, Serbia Dos Cabezas, Arizona, USA Pinal County, Arizona, USA 2% NSR 2% NSR 2% NSR 2% NSR 2% NSR Operator Fe
Slide 16: ESG & CSR Practices
TSXV:MUN ESG & CSR Practices MUNDORO
Slide 17: Our Approach to Responsible Mineral Development
Our Approach to Responsible Mineral Development TSXV:MUN “Over the last 20 years of exploration, Mundoro has pursued strong governance coupled with environmental and social standards within all the jurisdictions in which we operate, building relationships based on trust and respect. We work with loc
Slide 18: Our Approach to ESG
Our Approach to ESG TSXV:MUN 01 02 03 Environmental Social Governance • Adhere to standards to protect wildlife • Increase awareness of safe work • Respect human rights in stakeholder and plant life in the surrounding practices engagement habitat • Supporting healthcare initiatives in • Committed to
Slide 19: Our Approach to CSR
Our Approach to CSR TSXV:MUN Partnering with Local Communities to Support Cultural Activities, Education and HealthCare 01 02 03 Community & Culture Education Healthcare Playground donation, Field visits, Renovation of a medical center in Bor, Serbia Technical Faculty Bor, Serbia Mineralni bani, Bul
Slide 20: Value from the Business Model
TSXV:MUN Value from the Business Model
Slide 21: Unique Business Model
Unique Business Model TSXV:MUN Mundoro’s generates cash flow annually while securing meaningful new Royalties (NSR %) MUNDORO Royalty Co’s • We generate Royalty • Royalty Co new royalties & Co balance sheet new exploration leverage through + packages loans Purchase Royalty NSR % • We operate from Pr
Slide 22: Case Study: Generator Model Value Creation
Case Study: Generator Model Value Creation TSXV:MUN $10.00 May 2016 $9.00 Example of takeout value creation C$524 million take- over Offer by Nevsun $8.00 Reservoir share price return 2900% March 2016 $7.00 US$262 million Offer for Lower-Zone by Lundin $6.00 November 2012 Cukaru-Peki Discovery $5.00
Slide 23: Exploration & Royalty Creation
Exploration & Royalty Creation TSXV:MUN 01 02 03 LOW RISK OPTIONALITY VALUE CREATION ▪ Multiple Exploration ▪ 17,000+ meters of drilling in ▪ Consistently one of lowest Programs sole-funded by 2023 G&A among peers – run the Partners: company as owners. ▪ Extensive regional scale exploration land pac
Slide 24: Appendix of Projects
TSXV:MUN Appendix of Projects
Slide 25: Serbia: Timok Mining District
Serbia: Timok Mining District TSXV:MUN > 100 Years of Mining & > 4 Billion tonnes of Porphyries - World Class Tier 1 Deposits Mines & Projects Company Status Tonnage Resource Grade N Majdanpek1 Zijin Copper Operating 0.3% Cu, 637 Mt Majdanpek mine (Cu, Au) Bor Open Pit Mine 0.27 g/t Au Veliki Krivel
Slide 26: Bulgaria: Panagyurishte Mining District
Bulgaria: Panagyurishte Mining District TSXV:MUN Mines & Projects Company Status Tonnage Resource Grade Elatsite Elatsite Mine1 Geotechmin Operating Open 0.33% Cu, 0.17 154 Mt (Cu,Au) Group Pit Mine g/t Au Chelopech 0.94 % Cu, Medet Chelopech Dundee Operating M+I: 14.2 Mt 2.86 g/t Au Mine2 Precious
Slide 27: Partnered Projects
Partnered Projects TSXV:MUN Veliki Krivelj Mine Veliki Krivelj Mine Bor Mine Bor Mine Cukaru Peki Cukaru Peki Markov Kamen East Skorusa Porphyry Skorusa South Glavitsa Tilva Mare Tilva Rosh Markov Kamen Orlovo Prekostenski VALDOR SOUTHWEST MINERALS Partner Partner Location Central Timok, Serbia Loca
Slide 28: Partnered Projects
Partnered Projects TSXV:MUN West Zone Porphyry Central Zone and North Zone New discovered gold mineralisation Majdanpek Open-pit Mine East Zone BORSKO TRSTENIK Partner Partner Location Central Timok, Serbia Location North Timok, Serbia Status Drilling underway Status Drilling in 2023 NSR 2% NSR 2% C
Slide 29: Partnered Projects
Partnered Projects TSXV:MUN BHP - Mundoro projects SOUTH TIMOK GENERATIVE ALLIANCE Partner Partner Location South Timok, Serbia Location Dos Cabezas, USA Status Drilling in 2023 Status Ongoing Generative Program NSR 2% NSR Each new Designated Project will be under an Option Agreement with NSR Commod
Slide 30: Partnered Projects
Partnered Projects TSXV:MUN GT7 ISKAR (EE1) Partner Partner Location SE Rudnik, Serbia Location SE Europe, Bulgaria Status Optioned to Kinross Status Drill Testing Targets in 2023 NSR 2% NSR JOGMEC can earn in 75% with delivery of FS, MUN retains 2% Commodity Gold & Copper Commodity Copper Explorati
Slide 31: Partnered Projects
Partnered Projects TSXV:MUN DOS CABEZAS PICACHO Partner Partner Location Dos Cabezas, USA Location Pinal Country, USA Status Drilling in 2023 Status Staking Completed NSR 2% NSR 2% NSR Commodity Copper Commodity Copper Target Testing – Mescal Canyon, Mineral Park, Casey Copper Exploration Stage Regi
Slide 32: Focused Investment in Copper and Gold
TSX-V: MUN | OTCQB: MUNMF | Frankfurt: NGU TSXV:MUN October 2023 mundoro.com Focused Investment in Copper and Gold
Mundoro Capital — Investor Presentation (October 2023) on 6ix