November 2014 Forward Looking Statement Some of the statements in this presentation, other than statements of historical fact, are “forward-looking statements” and are based on the opinions and estimates of management as of the date such statements are made and are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Although CopperBank believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements should not be in any way construed as guarantees of future performance and actual results or developments may differ materially. Accordingly, readers should not place undue reliance on forward-looking statement or information. Factors that could cause actual results to differ materially from those in forward-looking statements include without limitation: market prices for metals; the conclusions of detailed feasibility and technical analyses; lower than expected grades and quantities of resources; mining rates and recovery rates; significant capital requirements; price volatility in the spot and forward markets for commodities; fluctuations in rates of exchange; taxation; controls, regulations and political or economic developments in the countries in which CopperBank does or may carry on business; the speculative nature of mineral exploration and development, competition; loss of key employees; rising costs of labour, supplies, fuel and equipment; actual results of current exploration or reclamation activities; accidents; labour disputes; defective title to mineral claims or property or contests over claims to mineral properties; unexpected delays and costs inherent to consulting and accommodating rights of First Nations and other Aboriginal groups; risks, uncertainties and unanticipated delays associated with obtaining and maintaining necessary licenses, permits and authorizations and complying with permitting requirements, including those associated with the Contact and Pyramid properties. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental events and hazards, industrial accidents, unusual or unexpected formations, pressures, cave- ins, flooding and the risk of inadequate insurance or inability to obtain insurance to cover these risks as well as “Risk Factors” included in CopperBank’s disclosure documents filed on and available at www.sedar.com. All of the forward- looking statements contained in this presentation are qualified by these cautionary statements. CopperBank does not intend, and does not assume any obligation, to update these forward-looking statements, except as required under applicable securities legislation. For more information on the CopperBank, readers should refer to www.sedar.com for the CopperBank’s filings with the Canadian securities regulatory authorities. This presentation and the material contained herein do not constitute a general advertisement or general solicitation or an offer to sell or a solicitation to buy any securities in any jurisdiction. Such an offer can only be made by prospectus or other authorized offering document. This presentation and materials or fact of their distribution or communication shall not form the basis of, or be relied on in connection with, any contract, commitment or investment decision whatsoever in relation thereto. CopperBank’s securities have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to or for the account or benefit of U.S. Persons absent U.S. Registration or an applicable exemption from U.S. registration requirements. Any public offering in the United States must be made by means of a prospectus containing detailed information about CopperBank and its management, as well as financial statements. The information in this presentation is not intended in any way to qualify, modify or supplement any prospectus or other information disclosed under the corporate and securities legislation of any jurisdiction relating to CopperBank. No securities commission or similar authority in Canada has in any was passed upon the adequacy or accuracy of the information contained in this presentation. The technical information in this presentation has been reviewed and approved by William Willoughby, a “Qualified Person” as defined under NI 43-101. 2 The Vision ✓ CopperBank is a consolidator of established copper projects, bringing together prospective copper projects under one roof ! ✓ Low burn rate business model due to this 'holding company' strategy ! ✓ Value proposition offers investors highly leveraged exposure to copper 'pounds in the ground' ! ✓ First assets are the Pyramid Copper Project in Alaska and the Contact Copper Project in Nevada ! ✓ Well financed having raised $1.6 million from a well respected field of natural resource investors ! ✓ Additional projects are under evaluation for the 'bank' with the following criteria in mind: 100% owned - safe geopolitical jurisdictions - no major work commitments or property payments ! ✓ Management team of well known geologists, engineers and public markets professionals 3 Share Structure Capitalization Shares Outstanding 130,432,324 Options – Avg. $0.267 strike, Apr. 2015 expiry 6,107,200 Warrants – Avg. $0.341 strike, Nov. 2014 expiry 4,136,000 Warrants – Avg. $0.227 strike, Feb. 2015 expiry 2,227,500 Warrants – Avg. $0.227 strike, Aug. 2015 expiry 1,273,066 Warrants – Avg. $0.500 strike, Oct. 2019 expiry 74,238,036 Fully Diluted S/O 218,414,126 Funds Raised $1.6M Financing Price $0.10 Implied Market Cap $13M 4 The Team Gianni Kovacevic Executive Chairman Robert McLeod Manag ement CEO & Director ! ! Corporate development strategist focused on the natural resources sector, having helped raise over $200M for various natural resource companies over the past decade. A recently published author and a sought after speaker on the themes of commodities, demographics and emerging markets. Currently serves as Chairman of Romulus Resources Ltd. Geologist with 20+ years of exploration, discovery and development experience. Founder and VP Exploration for Underworld Resources Inc. prior to its acquisition by Kinross in 2010. Current President & CEO of IDM Mining Ltd. Bill Willoughby PhD mining engineer with over 30 years of experience. Previously spent 18 years with Teck Cominco, as Chief Mine Engineer at the Pend Oreille Mine, Mine Superintendent at the Polaris Mine, and Senior Engineer, Projects & Evaluations, responsible for feasibility studies and mine design. Terence Ortslan Managing Director of TSO & Associates, a firm focusing on independent mining, metals and fertilizer research. Mr. Ortslan holds a Engineering degree in Mining & Applied Geophysics, and an MBA from McGill University. Gianni Kovacevic Corporate development strategist focused on the natural resources sector, having helped raise over $200M for various natural resource companies over the past decade. Currently serves as Chairman of Romulus Resources Ltd. President Strategic Advisor Executive Chairman Robert McLeod CEO & Director ! Board of Brad Armstrong Direct Independent Director ors ! Geologist with 20+ years of exploration, discovery and development experience. Founder and VP Exploration for Underworld Resources Inc. prior to its acquisition by Kinross in 2010. Current President & CEO of IDM Mining Ltd. Lawyer with 25+ years experience in the fields of environmental, aboriginal, and constitutional law. Current Partner at Lawson Lundell LLP. Mr. Armstrong also holds a Master’s Degree in Economics from the London School of Economics and Political Science. Dan Frederiksen Chartered Accountant with 20+ years experience serving as CFO of numerous public and private Canadian resource companies. Current CFO of Elissa Resources Ltd., and CFO & Financial Controller with Armada Investments Ltd. Todd Hilditch Over 18 years’ experience in the natural resources sector. Former President & CEO of Salares Lithium prior to its merger with Talison Lithium Inc. in 2010 to become one of the world’s largest lithium producers. Current President & CEO of Terraco Gold Corp. Independent Director Independent Director 5 Our Assets – Established Copper Deposits Pyramid Project in Alaska Inferred Resource of 1.3Blbs Cu, 74Mlbs Mo, and 0.5Moz Au Contact Project in Nevada 611Mlbs Cu Reserves M&I Resource of 1.2Blbs Cu Inferred Resource of 393Mlbs Cu 6 Our Assets – Contact Copper Project • • • • • • • 100% consolidated ownership 7,000 acres of patented and unpatented mining claims Heap leaching with SX-EW to produce copper cathode at site 2013 PFS design for 50Mlbs/yr of copper cathode production Located in NE Nevada near the border with Idaho, one mile west of Highway 93 Excellent infrastructure with available roads, grid power, and water Extensively drilled with over 250,000 feet of drilling (329 core and RC holes) 7 Our Assets – Contact Copper Project • • • Large land holdings: 156 patented claims, 436 unpatented claims 2011 land acquisition from Allied Nevada Gold Corp. doubled land holdings in the area Allowed for resource expansion to the east and re-design of the proposed openpit unencumbered by property boundaries 8 Our Assets – Contact Copper Project 2013 PFS Included a Revised Pit-Constrained Resource Estimate & 2P Reserves Category Tons (‘000) Grade (% Cu) Pounds Cu (‘000) Proven 57,678 0.23% 263,249 Probable 83,416 0.21% 348,499 141,094 0.22% 611,748 Measured 75,473 0.21% 313,968 Indicated 137,640 0.19% 517,526 M&I 213,113 0.20% 831,494 Inferred 12,982 0.20% 52,188 Measured 86,609 0.20% 349,900 Indicated 236,432 0.19% 879,527 M&I 323,041 0.19% 1,229,427 Inferred 106,303 0.19% 393,321 Reserves Total Reserves Pit-Constrained Resource Global Resource Source: NI 43-101 PFS, Contact Copper Project (Hard Rock Consultants, LLC), Sept. 2013 Note: Resources and Reserves calculated at a cut-off of 0.07% Cu; Resources are inclusive of Reserves 9 Our Assets – Contact Copper Project 2013 PFS Project Highlights & Copper Price Sensitivities Parameters Location Contact Elko County, Nevada Ownership 100% Stage Completed PFS Mine Type Open-Pit Processing Heap Leach & SX-EW Mine Life 9.4 years Initial Capex (incl. Contingency) $188.9M Avg. Ore Production Rate Recovery 41,000 tpd 76% Cu Strip Ratio Cu Price NPV8% (US$M) IRR (%) $2.90 $45.3 15.9% $3.05 $76.0 21.0% $3.20 $106.6 25.9% $3.35 $137.1 30.6% $3.50 $167.5 35.2% 2.3:1 Cash Cost (incl. Taxes & Royalties) $1.73/lb Cu Annual Production 49.2 Mlbs Cu/yr Total LOM Production 462 Mlbs Cu After-Tax Project NPV $107M After-Tax Project IRR 25.9% Note: Project economics calculated at $3.20/lb Cu Source: NI 43-101 PFS, Contact Copper Project (Hard Rock Consultants, LLC), Sept. 2013 10 Our Assets – Pyramid Copper Project • • • • • • • Porphyry Cu-Mo-Au discovery Extensive supergene Cu-enrichment blanket Near surface mineralization Adjacent to tidewater, 25km from Sand Point Completed 7,486 meters of drilling in three years totaling 30 holes Established an open-ended mineralized footprint of 1,800 meters by 1,050 meters Situated on Native owned lands (Aleut Corporation), with a good working relationship 11 Our Assets – Pyramid Copper Project Recent Drilling History 2010 • • • • 2011 Joint venture Agreement with Antofagasta PLC Exploration agreement signed with Aleut Corp. Surface agreements completed with Shumagin and TDX (St. Paul) Corp. 5 holes drilled, all hit mineralization • • • • Detailed mapping over 4.4 km2 158 rock chip samples at Pyramid and 34 at San Diego Bay 12 holes totaling 2,576 meters completed Detailed ground magnetic survey undertaken 2012 • • • 13 holes and more than 3,000 meters drilled 75% of the 30 holes completed hit porphyry style mineralization Established mineralized footprint of 1,800 meters by 1,050 meters 2014 Onward Pyramid owned 100% by CopperBank with Antofagasta as a shareholder 12 Our Assets – Pyramid Copper Project Inferred Mineral Resource Zone CutOff Tonnes Cu (%) Cu (lbs) Au (g/t) Au (oz) Mo (%) Mo (lbs) NSR ($) CuEq (%) Supergene >0.4% 69,528,515 0.46% 702,535,609 0.11 239,133 0.021% 32,398,237 $49.35 0.632% >0.3% 86,079,432 0.42% 792,844,809 0.10 267,853 0.020% 37,646,536 $45.18 0.579% >0.21% 93,696,332 0.40% 822,878,710 0.09 276,665 0.019% 39,722,759 $43.19 0.553% >0.1% 94,810,052 0.40% 826,061,951 0.09 277,633 0.019% 39,896,455 $42.85 0.549% Total 101,526,623 0.37% 826,088,399 0.09 277,633 0.018% 39,897,899 $40.01 0.513% >0.4% 52,957,717 0.34% 393,205,903 0.09 149,525 0.021% 24,307,227 $38.83 0.498% >0.3% 75,802,999 0.30% 503,046,447 0.08 205,195 0.020% 33,740,607 $35.61 0.456% >0.21% 79,128,480 0.30% 514,736,418 0.08 211,806 0.020% 34,707,556 $34.98 0.448% >0.1% 79,411,773 0.29% 515,554,993 0.08 212,208 0.020% 34,755,283 $34.91 0.447% Total 88,993,954 0.26% 515,554,993 0.07 212,208 0.018% 34,775,283 $31.15 0.399% >0.4% 122,486,231 0.41% 1,095,741,511 0.10 388,658 0.21% 56,705,464 $44.80 0.574% >0.3% 161,882,430 0.36% 1,295,891,256 0.09 473,048 0.20% 71,387,143 $40.70 0.522% >0.21% 172,824,812 0.35% 1,337,615,128 0.09 488,471 0.20% 74,430,316 $39.43 0.505% >0.1% 174,221,826 0.35% 1,341,616,944 0.09 489,840 0.19% 74,651,738 $39.23 0.503% Total 190,520,578 0.32% 1,341,643,392 0.08 489,840 0.18% 74,653,182 $35.88 0.460% Hypogene Combined Note: All numbers have been rounded to reflect the relative accuracy of the estimates. Mineral resources are reported in relation to a conceptual pit shell. Mineral resources are not mineral reserves and do not have demonstrated economic viability.The contained copper represents estimated contained metal in the 13 ground and has not been adjusted for metallurgical recoveries. Our Assets – Pyramid Copper Project Drill Location Map 14 Our Assets – Pyramid Copper Project Near Surface Mineralization, Open in Multiple Directions and at Depth PY10-05: 194.8m of 0.85% Cu Eq. starting at 6.4m PY10-01: 467.0m of 0.43% Cu Eq. starting at 32.3m PY11-17: 117.5m of 0.81% Cu Eq. starting at 44.0m PY12-22: 160.0m of 0.86% Cu Eq. starting at 22.0m PY12-18: 344.0m of 0.36% Cu Eq. starting at 154.0m; including 56m of 0.061 Mo% PY11-16: 155.9m of 0.97% Cu Eq. starting at 94.0m PY12-19: 70.0m of 0.86% Cu Eq. starting at 22.0m 15 Our Assets – Pyramid Copper Project 2011/2012 Drill Highlights Hole ID From (m) To (m) Length (m) Cu (%) Au (g/t) Mo (%) Cu Eq. (%) PY10-01 32.3 499.9 467.6 0.27% 0.05 0.019% 0.43% PY10-02 4.6 356.6 352.1 0.34% 0.07 0.008% 0.45% PY10-05 6.4 201.2 194.8 0.63% 0.14 0.018% 0.85% PY11-07 6.0 110.0 104.0 0.56% 0.13 0.009% 0.72% including 12.0 60.0 48.0 0.74% 0.15 0.011% 0.93% PY11-10 16.7 327.0 310.3 0.39% 0.10 0.009% 0.53% PY11-16 94.0 249.9 155.9 0.71% 0.18 0.018% 0.97% including 226.0 246.0 20.0 0.99% 0.15 0.012% 1.19% PY11-17 44.0 161.5 117.5 0.60% 0.08 0.024% 0.81% including 93.0 136.0 43.0 0.77% 0.09 0.026% 1.00% 12PY018 154.0 498.0 344.0 0.110% 0.035 0.036% 0.36% including 284.0 340.0 56.0 0.114% 0.027 0.061% 0.50% 12PY019 22.0 92.0 70.0 0.717% 0.115 0.008% 0.86% including 24.0 66.0 42.0 1.008% 0.165 0.009% 1.20% 12PY021 130.0 250.0 120.0 0.224% 0.023 0.026% 0.39% including 200.0 236.0 36.0 0.448% 0.037 0.043% 0.74% 12PY022 90.0 250.0 160.0 0.267% 0.044 0.027% 0.47% 12PY023 10.0 283.0 273.0 0.267% 0.027 0.001% 0.30% including 72.0 196.0 124.0 0.371% 0.035 0.001% 0.41% 12PY028 42.0 108.0 66.0 0.214% 0.070 0.009% 0.33% 16 Our Assets – Pyramid Copper Project Geological Mapping & Upside Potential 17 Summary of the Value Proposition ✓ Low burn rate business model ! ✓ Value proposition of increased leverage to prospective copper resources ! ✓ Diversified asset base with Pyramid in Alaska and Contact in Nevada ! ✓ Financed having raised $1.6 million during difficult market conditions ! ✓ Additional projects and opportunities under consideration to continue consolidation ! ✓ Management team of well known geologists, engineers and public markets professionals CSE - CBK 18 Contact Gianni Kovacevic – Executive Chairman Phone: 604-889-0852 E-mail: [email protected] ! Robert McLeod – CEO & Director Phone: 604-617-0616 E-mail: [email protected] ! Bill Willoughby – President Phone: 208-358-3617 E-mail: [email protected] ! ! ! ! www.copperbankcorp.com CBK - CSE 19
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