Kutcho Copper Corp · TSXV:KC
Kutcho Copper — Investor Presentation (January 2026)
42 slides from Kutcho Copper's investor presentation, Jan 26, 2026
Slide 1: Investor Presentation January 2026
TSXV: KC | OTCQX: KCCFF Investor Presentation January 2026
Slide 2: Forward Looking Statement
2 | kutcho.ca TSXV:KC OTCQX:KCCFF Forward Looking Statement This presentation contains certain statements that may be considered “forward-looking statements” with respect to Kutcho The forward-looking information contained herein is expressly Copper Corp. (“Kutcho Copper” or the “Company”) within th
Slide 3: Feasibility Study Headline Results
3 | kutcho.ca TSXV:KC OTCQX:KCCFF * The Feasibility Study and data in this slide includes no cost inflation or re- assessment of costs. 1 Metal prices: Cu US$5.00/lb, Zn US$1.15/lb, Ag Feasibility Study Headline Results US$20/oz. Au US$1,600/oz. 2 CuEqR calculation based on base case metal prices. 3
Slide 4: Significant NPV and IRR Sensitivity to Copper Price Only
4 | kutcho.ca Significant NPV and IRR Sensitivity to Copper Price Only Zinc, Silver & Gold at FS Base Case Prices Leverage to Rising $1,600M After-Tax NPV@7% C$M $1,442M $1,292M Copper $1,200M $1,140M Prices $990M $839M $800M $688M $536M $384M $400M $3.50 $4.00 $4.50 $5.00 $5.50 $6.00 $6.50 $7.00 Co
Slide 5: Copper developer comparables: Kutcho re-rate opportunity
5 | kutcho.ca TSXV:KC OTCQX:KCCFF Copper developer comparables: Kutcho re-rate opportunity Cu Developers: Consensus P/NAV dddd Based on Kutcho Coppers share price at $.33 - Jan 23, 2026. See page 3 of this presentation for financial metrics @ US$5Cu. Source: Haywood Securities Inc, S&P Capital IQ Pr
Slide 6: Kutcho Copper Offers a Strong Share Structure
6 | kutcho.ca TSXV:KC OTCQX:KCCFF Kutcho Copper Offers a Strong Share Structure Share Price Last 12 Months (TSX.V – C$) Capital structure Ticker $0.15 Shares issued 177,268,244 TSXV:KC Stock options 12,500,000 OTCQX:KCCFF $0.10 Warrants 15,981,610 Share Ownership Wheaton Precious Metals 11.4% Capsto
Slide 7: Wheaton Precious Metals Provides Over $100M Financing Package
7 | kutcho.ca TSXV:KC OTCQX:KCCFF Wheaton Precious Metals Provides Over $100M Financing Package Metal % contribution Precious metals stream (US $87.8M) to revenue at base case ● US $15.8M towards project acquisition metal prices ● US $10.5M+ in equity participation ● US $7M provided to fund the feas
Slide 8: A Development-Friendly Region with a Number of Major Projects
8 | kutcho.ca TSXV:KC OTCQX:KCCFF N Kutcho A Development-Friendly Dease Lake Property Region with a Number of with 120km access road Major Projects in Various Red Chris Phases of Development Kemess & Construction, with Galore Creek KSM Local Skilled Workforce Brucejack Mt Milligan Port of Stewart Ki
Slide 9: First Nations – Tahltan & Kaska Dena
9 | kutcho.ca TSXV:KC OTCQX:KCCFF First Nations – Tahltan & Kaska Dena Kutcho Copper executed a new Exploration Agreement with Tahltan Central Government in November 2021 and renewed their Communications Agreement in January 2021 Exploration Agreement signed with Kaska Dena Nation in February 2019 T
Slide 10: Kutcho is an Accessible Project with On-Site and Nearby Infrastructure
10 | kutcho.ca TSXV:KC TSXV:KC OTCQX:KCCFF OTCQX:KCCFF Kutcho is an Accessible Project with On-Site and Nearby Infrastructure Situated Within Moderate Terrain Accessibility Port facilities Existing field camp First Nations 120 km of existing ground in Stewart ~400 km from with 900 m long gravel ongo
Slide 11: Kutcho Project Resource Lenses Contains Over 1 Billion lbs Copper Equivalent in M&I
11 | kutcho.ca TSXV:KC OTCQX:KCCFF Kutcho Project Resource Lenses Contains Over 1 Billion lb’s Copper Equivalent in M&I 2021 Mineral Resource1 First of the Regional Targets TOTAL TOTAL M&I 22.8 Mt @ 2.26% CuEqR INFERRED 12.9 Mt @ 1.62% CuEqR MAIN MAIN Main M&I 20.2 Mt @ 1.97% CuEqR INFERRED 2.1 Mt @
Slide 12: Kutcho Project Mine Workings
12 | kutcho.ca TSXV:KC OTCQX:KCCFF Kutcho Project Mine Workings View to Northeast Main Main Open Pit Portal to Underground Mines Esso Underground Mine Esso Main Underground Mine Sumac Inferred Resource
Slide 13: Efficient Infrastructure Layout
Tailings 13 | kutcho.ca TSXV:KC OTCQX:KCCFF Management Facility Efficient Infrastructure Layout Stockpiles Open Pit Compact site footprint Collection Pond Waste rock dump temporary - backfilled to open pit during operations Underground Mill Complex Portal Tailings embankment: downstream Camp constru
Slide 14: Kutcho Copper's Objective: 2X
14 | kutcho.ca TSXV:KC OTCQX:KCCFF Kutcho Copper’s Objective: To double the size of 2X the current resource through exploration - adding significant value and expanding mine life as we move towards a construction decision
Slide 15: The Kutcho Project Covers 90% of the Prospective Kutcho Formation rocks
15 | kutcho.ca TSXV:KC OTCQX:KCCFF The Kutcho Project Covers 90% of the Prospective Kutcho Formation rocks Main / Sumac / The prospective volcanic rocks SOUTH Esso Deposits NORTH are folded, repeating the mineralized horizon threefold on the project, King Salmon Thrust Fault Nahlin including the dep
Slide 16: District Scale VMS Target Rich Environment that Remains Under-Explored
16 | kutcho.ca TSXV:KC OTCQX:KCCFF Kutcho Copper Project is a District Scale VMS Target Rich Environment that Remains Under-Explored Over 10 untested near-resource & regional targets Bow Bow exhibiting ZTEM conductivity highs Josh Creek Josh Creek Kris Kris Mother Mother Sumac Sumac Esso Hamburger /
Slide 17: Kutcho Copper Project Near Resource Targets
17 | kutcho.ca TSXV:KC OTCQX:KCCFF ZTEM Unconstrained Conductivity Esso West Target Main Deposit Kutcho Copper Project Hamburger Target The Gap Target Near Resource Targets Esso Deposit Untested ZTEM conductivity highs near to the Sumac Deposit known mineralization – strongly supported by geology, m
Slide 18: Hamburger - Largest Untested ZTEM Target
18 | kutcho.ca TSXV:KC OTCQX:KCCFF Hamburger - Largest Untested ZTEM Target A large high priority target area of over 2.8 km2 – an area more than double the current known Resource Sumac Geological indicators give room for Main multiple exploration target types, including downfaulted mineralization o
Slide 19: The Gap - Strong Conductivity Trends
19 | kutcho.ca TSXV:KC OTCQX:KCCFF The Gap - Strong Conductivity Trends A large high priority target area of over 1.3 km2 – a nexus Sumac Esso of trends Main Geological indicators allow for multiple exploration target trends, including both cross- potentially downfaulted and parallel trends. Histori
Slide 20: Esso West - New Technology Changes Targeting
20 | kutcho.ca TSXV:KC OTCQX:KCCFF Esso West - New Technology Changes Targeting Current ZTEM modelling and seismic surveys improve targeting ability Limited historical drilling results lacked current targeting ability and yet include: EO94B3 7.17 m 1.96% Cu & 5.25% Zn, EO94B1 0.64 m 1.15% Cu & 0.33%
Slide 21: Esso West: Target Morphology
21 | kutcho.ca TSXV:KC OTCQX:KCCFF Esso West : Target Morphology Opportunity to potentially find multiple Esso sized lenses in target area Target area geology interpreted Esso is the highest grade lens of the Project – to be the same as the Esso Deposit responsible for accreting 50% of the return on
Slide 22: Exploration Program 2026: Summary
22 | kutcho.ca TSXV:KC OTCQX:KCCFF Exploration Program 2026: Summary Drill-Ready Priority VMS Targets (Hamburger, The Gap, Esso West) • 6,000 m initial drill program with additional drilling contingent on results • Downhole EM geophysical surveys for target vectoring and determining mineralization e
Slide 23: A Clear Path to Discovery, Growth, and Production
23 | kutcho.ca TSXV:KC OTCQX:KCCFF A Clear Path to Discovery, Growth, and Production Kutcho Copper's Objective - to double the size of the current resource through exploration - adding significant value and expanding mine life as we move towards a construction decision High Grade Copper Zinc develop
Slide 24: Management Team
24 | kutcho.ca TSXV:KC OTCQX:KCCFF Management Team Vince Sorace Andrew Sharp P.Eng Rob Duncan President & CEO, Director COO Senior Technical Consultant ● Over 30 years experience in ● 35 years experience in mine design, ● 26 years experience in mineral capital markets construction, operational mine
Slide 25: Board of Directors & Advisory Board
25 | kutcho.ca TSXV:KC OTCQX:KCCFF Board of Directors & Advisory Board Bill Bennett Jay Sujir Mark Forsyth Director Director Director ● Former BC gov’t MLA for 16 years ● Partner, Farris, Vaughan, ● Over 30 years’ with extended ● Named BC Mines Minister 3 times Wills & Murphy, LLP tenures with Trafi
Slide 26: [email protected] Kutcho.ca
TSXV: KC | OTCQX: KCCFF +1 (778) 357-1249 [email protected] Kutcho.ca Suite 918 - 1030 West Georgia St. Tel Email Website Vancouver, BC Canada V6E 2Y3
Slide 27: Appendix
27 | kutcho.ca TSXV:KC OTCQX:KCCFF Appendix
Slide 28: Technical Information Compliance with NI 43-101
28 | kutcho.ca TSXV:KC OTCQX:KCCFF Technical Information Compliance with NI 43-101 The technical or scientific information in this presentation has been reviewed and approved by Andrew Sharp, P.Eng The Project will be subject to a number of federal, provincial and BC (Lic. No. 47907), FAusIMM, Chief
Slide 29: Feasibility Study Overview
29 | kutcho.ca TSXV:KC OTCQX:KCCFF Feasibility Study Overview Notes: ● Tonnages are reported in metric tonnes (t), copper and zinc in pounds (lbs), silver and gold reported in troy ounces (oz). ● "M" = million, "k" = thousand ● All tables report rounded figures and may not sum precisely. ● The finan
Slide 30: Estimate of Mineral Resources
30 | kutcho.ca TSXV:KC OTCQX:KCCFF Estimate of Mineral Resources Inclusive of Reserves (effective 30 July 2021) Notes: 1. The mineral resource estimates in the table above form coherent bodies of mineralisation that are considered amenable to a combination of open pit and underground extraction meth
Slide 31: Mineral Reserve Estimate
31 | kutcho.ca TSXV:KC OTCQX:KCCFF Mineral Reserve Estimate (effective 4 November 2021) See next page for Notes
Slide 32: Mineral Reserve Estimate
32 | kutcho.ca TSXV:KC OTCQX:KCCFF Mineral Reserve Estimate (effective 4 November 2021) Notes: Underground Specific Notes: 1. CIM definitions were followed for Mineral Reserves. 10. Underground Mineral Reserve cut-off grade was C$129.45/t NSR. 2. Mineral Resources are reported inclusive of Mineral R
Slide 33: Ore by Source and NSR
33 | kutcho.ca TSXV:KC OTCQX:KCCFF Ore by Source and NSR
Slide 34: Open Pit and Underground Mining Statistics
34 | kutcho.ca TSXV:KC OTCQX:KCCFF Open Pit and Underground Mining Statistics (Incl Pre-Production) Notes: 1. Includes 1.25 years for pre-production and stockpile rehandle periods 2. Mining operational costs and tonnages are inclusive of the pre-production period.
Slide 35: Flotation Feed Grades
35 | kutcho.ca TSXV:KC OTCQX:KCCFF Flotation Feed Grades
Slide 36: Processing and Concentrate Production
36 | kutcho.ca TSXV:KC OTCQX:KCCFF Processing and Concentrate Production Notes: 1. 10.75 years after pre-production, plus 0.25 years in pre-production start-up 2. 0.25 years for pre-production and 2.75 for stockpile rehandle periods 3. Metal recovery to concentrates compared to crusher head feed, an
Slide 37: Capital Cost Summary
37 | kutcho.ca TSXV:KC OTCQX:KCCFF Capital Cost Summary (1,2) Notes: 1. All values stated are undiscounted. 2. No inflation or depreciation of costs were applied; all costs are in 2021 money values. Major underground mobile equipment, all open pit mobile equipment and the power gensets are leased. 3
Slide 38: Operating Cost Summary Cash costs and all-in sustaining costs
38 | kutcho.ca TSXV:KC OTCQX:KCCFF Operating Cost Summary (Excluding Pre-Production(1)) Notes: 1. Pre-production tonnages and costs are not included in the Life- of-Mine operating cost summary (these are Years -2 and -1 and are capitalized). 2. Year 1 includes pro-rated adjustments for working capit
Slide 39: Cash Flow Summary
39 | kutcho.ca TSXV:KC OTCQX:KCCFF Cash Flow Summary
Slide 40: Kutcho's GHG Intensity
40 | kutcho.ca TSXV:KC OTCQX:KCCFF Kutcho’s GHG Intensity Operational GHG Intensity Comparison for BC Copper Mines 1 GHG intensity of 1.3 kg CO2e/kg Cueq inclusive of all construction and closure requirements Other comparative carbon intensity reporting measures place Kutcho below the median of BC o
Slide 41: Intrusive Related Targets
41 | kutcho.ca TSXV:KC OTCQX:KCCFF Intrusive Related Targets • Intrusive target defined by magnetic inversion high and ZTEM conductivity low • Likely area of intrusive 4 x 5 km • Anomalous copper in overlying soils dddd • 2 x 1.5 km area of shallow anomalous ZTEM and VTEM conductivity may represent
Slide 42: Intrusion Related Targets - Section A' - B'
42 | kutcho.ca TSXV:KC OTCQX:KCCFF Intrusion Related Targets - Section A' - B' • Anomalous Conductivity in both limestones and volcanic rocks above modeled intrusive • Potential for intrusion related mineralization including CRD and skarn dddd • Mineral occurrences and anomalous soil geochemistry su