Us Copper Corp · TSXV:USCU
Us Copper — Investor Presentation (March 2024)
21 slides from Us Copper's investor presentation, March 2024
Slide 1: Fueling the Green Revolution
TSX.V:USCU OTCQB:USCUF FRA:C73 Fueling the Green Revolution March 2024
Slide 2: Disclaimer
TSX.V: USCU | OTCQB: USCUF | FRA: C73 Disclaimer This presentation (“Presentation”) is being issued The Preliminary Economic Assessment (PEA) “target”, “estimate”, “proposed”, “preliminary” and Readers are advised to consider such forward- by US Copper Corp. (the “Company” or “US results on the Comp
Slide 3: Investment Highlights
TSX.V: USCU | OTCQB: USCUF | FRA: C73 COMPANY OVERVIEW THREE ADVANCED STAGE COPPER DEPOSITS WITH Investment Highlights PRIOR EXPLORATION WORK: • Moonlight deposit has a NPV of US$179M after tax at • Copper resource of 1.3 • Historical resource • Historical production US$3.15/ lb copper price. billio
Slide 4: The Green Recovery Will Fuel Copper Demand
TSX.V: USCU | OTCQB: USCUF | FRA: C73 • Government green- • Development of tinted stimulus focused renewable energy POSITIVE CATALYSTS FOR on significant The Green Recovery COPPER DEMAND INCLUDE: infrastructure spending • Population growth and urbanization Will Fuel • Electrification of transportati
Slide 5: Copper: A Crucial Component in Wiring the New Green World
TSX.V: USCU | OTCQB: USCUF | FRA: C73 5x more copper in 4x more copper in electric vehicles than internal Copper: A Crucial Component in Wiring the renewable energy than New Green World combustion engines. conventional power. Coal Gas Oil Nuclear Hydro Renewables Power Mix: • Copper will benefit fro
Slide 6: Copper: Benefiting from Government Policies to Reduce Emissions
TSX.V: USCU | OTCQB: USCUF | FRA: C73 But now even Joe Biden has said he will support the mining of Copper: Benefiting from copper in the United States because they know they need it.” Government Policies to Robert Friedland, Founder of Reduce Emissions Ivanhoe Mines, Jan. 2021 UNITED STATES • JULY
Slide 7: Copper: Insufficient Supply to Meet Future Demand
TSX.V: USCU | OTCQB: USCUF | FRA: C73 Copper: Insufficient Supply to Meet ONLY 16 COPPER DEPOSITS HAVE BEEN FOUND IN THE PAST DECADE AND ONLY ONE SINCE 2015 Future Demand Projected New Copper in Major Discoveries Copper in Reserves, Resources & Past Production Copper Exploration Budgets Commodities
Slide 8: Moonlight-Superior Copper Project
TSX.V: USCU | OTCQB: USCUF | FRA: C73 INFRASTRUCTURE ALREADY IN PLACE: • State Highway • Paved road to 89 located property 7 miles SW • Lodgings, supplies Moonlight-Superior • Rail located and qualified Copper Project 7 miles SW labor nearby Moonlight-Superior • Power lines located 2 miles • Sacrame
Slide 9: Significant Mineral Potential
TSX.V: USCU | OTCQB: USCUF | FRA: C73 Significant Mineral Potential MOONLIGHT-SUPERIOR • US Copper controls ~13 • Initially described as COPPER PROJECT square miles of mining porphyry copper claims. deposits, but recent work suggests iron oxide • The Superior and Engels copper gold (IOCG) ore mines
Slide 10: Project History
TSX.V: USCU | OTCQB: USCUF | FRA: C73 Project History CALIFORNIA-ENGELS VARIOUS CANADIAN PLACER-AMEX US COPPER CORP MINING COMPANY JUNIOR COMPANIES 1915-1930 1962-1994 2004-2011 2013-2024 • 161 Mlbs of copper with • Drilled 409 holes • Drilled 87 holes totaling • Acquired 132 unpatented gold & silve
Slide 11: Moonlight Deposit: Overview
TSX.V: USCU | OTCQB: USCUF | FRA: C73 HISTORIC EXPLORATION WORK AT MOONLIGHT 1960s 199 vertical holes drilled (99,436 ft) Moonlight Deposit: 2000s 14 angled holes drilled (11,315 ft) 15 RC holes drilled (1,390 ft) 7 core holes drilled (2,603 ft) Overview 2018 NI 43-101 Resource defined Updated NI 43
Slide 12: Moonlight Deposit: Oxide Cap Potential
TSX.V: USCU | OTCQB: USCUF | FRA: C73 Moonlight Deposit: Oxide Cap Potential • Oxide cap is excluded • Metallurgy leach tests from the PEA. indicate up to 97% recovery from the South • Placer-Amex estimated Zone and 56% recovery for 12 million tons at 0.54% the North and Central copper in oxide1. Zo
Slide 13: Moonlight Deposit: PEA Summary
TSX.V: USCU | OTCQB: USCUF | FRA: C73 MOONLIGHT DEPOSIT PEA SUMMARY 1 (Dollars in USD) Moonlight Deposit: Est. Average Mill Feed Grade (LOM) 0.25% Cu LOM 17 years PEA Summary Production Rate 60,000 st/d Metallurgical Copper Recovery 86% • Open pit mine with • Gold revenue excluded from Metallurgical
Slide 14: Mineral Resource Estimates
TSX.V: USCU | OTCQB: USCUF | FRA: C73 Mineral Resource Estimates MOONLIGHT MINERAL RESOURCES AS OF DECEMBER 15, 2017 Class Tons (‘000 st) Cu (%) Au (oz/st) Ag (oz/st) Cu (‘000 st) Au (‘000 oz) Ag (‘000 oz) Indicated 252,000 0.25 0.0001 0.07 636 18 18,400 Inferred 109,000 0.24 0.0001 0.08 267 9 9,000
Slide 15: Superior Deposit: Overview
TSX.V: USCU | OTCQB: USCUF | FRA: C73 Superior Deposit: Overview HIGH-GRADE COPPER & MULTI-OUNCE • Resource Estimate (NI 43- • Broad zones of high-grade SILVER MINERALIZATION AT SUPERIOR 101 compliant)1 copper mineralization including: ⁃ Inferred: 54 million tonnes at 0.41% Cu for ⁃ S1L-10: 180 ft @
Slide 16: Engels Deposit: Overview
TSX.V: USCU | OTCQB: USCUF | FRA: C73 Engels Deposit: Overview • Resource Estimate • Historical resource • Located 3 miles east of • Gold and silver • Prior to mine closure, (NI 43-101 compliant)1 estimate of 19 million Moonlight and 2 miles assayed selectively, in high-grade copper tons at 0.63% co
Slide 17: Mineral Production By State: California, 4th Largest
TSX.V: USCU | OTCQB: USCUF | FRA: C73 Mineral Production By State California, 4th Largest • The U.S. mining industry produced $98.2 billion in minerals, metals, • Commodities mined in California include: gold, boron and construction materials in 2022. minerals, construction materials and rare earth
Slide 18: Objectives for 2024
TSX.V: USCU | OTCQB: USCUF | FRA: C73 Objectives for 2024 Engels : Metallurgical . Moonlight: Prepare Scoping Study Superior: Define a studies on oxide samples Metallurgical studies for Engels oxide high-grade pit and for oxide scoping study on oxide samples establish gold and silver credits. 18
Slide 19: Board of Directors
TSX.V: USCU | OTCQB: USCUF | FRA: C73 Board of Directors STEVE DUNN RICH MORROW MARTIN VYDRA JAMES FAIRBAIRN GEORGE COLE NORM YURIK PRESIDENT, CEO & CFO & NON-EXECUTIVE NON-EXECUTIVE NON-EXECUTIVE NON-EXECUTIVE DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR • +30 years experience • +30 years
Slide 20: Capital Structure
TSX.V: USCU | OTCQB: USCUF | FRA: C73 Capital Structure TSX.V: USCU Symbols OTC:USCUF FRA: C73 Shares Issued 115.2 M Warrants 31.4 M Options 6.7 M Fully-diluted Share Capital 153.3 M Share Price C$0.04 Market Capitalization C$5.0 M As of March 1, 2024 20
Slide 21: Contact
217 Queen Street West T. 416.361.2827 Suite 401 [email protected] Toronto, Ontario M5V 0R2 uscoppercorp.com TSX.V:USCU FRA:C73 US OTCQB: USCUF