Warintza

World Class Discovery, Southeast Ecuador

Primary Infrastructure: Natural Cost Advantage

Two Objectives: Rapid Growth and Discovery

Warintza Drilling

Summarized drilling for Warintza can be found here. A 3D model incorporating all Warintza drilling completed to date is available on the website homepage.

Extensive System of Outcropping Porphyries

Plan View of 7km x 5km Warintza Porphyry Cluster

Plan View of 7km x 5km Warintza Porphyry Cluster

Warintza Mineral Resource Plan View (1,400m Elevation)

Figure 1 – Warintza Mineral Resource Plan View (1,400m Elevation)

Warintza Mineral Resource Long Section

Figure 2 – Warintza Mineral Resource Long Section

Warintza Mineral Resource Cross Section

Figure 3 – Warintza Mineral Resource Cross Section

Undrilled Regional Targets

Responsible Mining – Inclusive Approach

Community Involvement is Key to Warintza Success, Resilience

The Warintza Success Story

The Warintza Model

Notes:

  1. Copper equivalent assumes recoveries of 90% Cu, 85% Mo, and 70% Au based on preliminary metallurgical testwork, and metal prices of US$3.50/lb Cu, US$15.00/lb Mo, and US$1,500/oz Au. CuEq formula: CuEq (%) = Cu (%) + 4.0476 × Mo (%) + 0.487 × Au (g/t).
  2. The 'Indicative Starter Pit' is based on the same assumptions as the Resource except utilized metal prices of US$1.00/lb Cu, US$7.50/lb Mo, and US$750/oz Au. No economic analysis has been completed by the Company and there is no guarantee an indicative starter pit will be realized or prove to be economic.
  3. See the Company's press release dated April 18, 2022 for additional information. The Warintza Mineral Resource estimate was reported and press released on April 18, 2022. The corresponding Technical Report disclosing the mineral resource estimate in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects will be prepared by the Qualified Person, Mario E. Rossi, FAusIMM,RM-SME, Principal Geostatistician of Geosystems International Inc, and made available on SEDAR under the Company's profile at www.sedar.com within 45 days of the press release.