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Impact Copper Exploration with Royalty Hedge
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Disclaimer
2
Forward Looking Statements
Except for historical information contained herein, this presentation may contain forward looking
statements including but not limited to comments regarding predictions and projections. Forward
looking statements address future events and conditions and therefore involve inherit risks and
uncertainties. Although Chilean Metals Inc. believes that such expectations are reasonable, there can
be no assurance that such expectations will prove to be correct, and therefore actual results may differ
materially from those currently anticipated in such statements. You are cautioned not to place undue
reliance on any such forward looking statements, whether made in this presentation or in any question
and answer period related to this presentation.
TSXV:CMX chileanmetals.com
Why Invest Now?
The discovery curve
Discovery Permitting/Construction Production
Sh
are
Pri
ce
Time
1-2 years 2-3 years 2 years 1-2 years
Speculators Sell
Construction “Orphan”
Period
InstitutionalInvestors
Buy
3
CMX
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Markets Have Turned
TSX Venture* from 1990 to Present – Bull & Bear Markets
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Replace with updated palisade chart
300
250
200
100
50
0
-50
-100
150
Re
turn
(%
)
1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2017
128%814 days
106%307 days
28%251 days
266%1,142 days
222%573 days
63%410 trading days and counting
-31%112 days
-38%245 days
-73897 days -41
422 days
-26102 days
-79408 days
-801,200 days
120%80 days
Normalized Data – Vancouver Stock Exchange, Canadian Venture Exchange, TSX Venture Source: palisadeglobal.com / palisade-research.com, Bloomberg
TSXV:CMX chileanmetals.com
Why Invest Now?
Credibility of the Discovery Team
Massive Size Potential of Discoveries
Strong CopperBull Market
Probability TeckRoyalty Activated
Multiple Drill Programs in 2017
Hidden Assets
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Copper Market – 5 year Copper Spot
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Co
pp
er
Pri
ce (U
SD
/lb
)
4.0
3.5
3.0
1.0
1.5
2012 2013 2014 2015 2016
2.5
2.0
0.5
0
3.08 USD/LB29 Aug ‘17
2017
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Copper: why its hot and getting
Copper Demand > SupplyImbalance is increasing
25M
20M
15M
10M
5M
0
Demand Production
Reuters
Renewable energy resources require four to 12-times as much copper as traditional
fossil fuel-based power generation. In Asia alone, technological factor together with
surging demographic growth is predicted to lead to an additional 30.8 million tonnes of
copper demand by 2030.
Copper demand from electric vehicles to be nine
times higher by 2027.
Mining.com
World is going electric
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Why Logic Drives Probability Teck Activates Copaquire Royalty – The Facts
✓ Teck has advised Que Brada Blanca (QB1) supergene is depleted
✓ Ore mining to stop 2018, production to seize by Mid Year 2019
✓ Teck had peak sales of $696 Million( 2012) $229 Million (2016)
✓ Teck is in midst of planning/building QB2 at cost of $4.7 Billion
✓ Used life of mine estimated price of CuT of $3 and Molybdenum of $10
✓ Operating costs of $12.78 per tonne/per year
✓ QB 2 is targeted to go into production midway through 2022
✓ There is forecast to be a 3-4 year gap in mining between wind up of QB1 an launch of QB2
✓ QB has “take or pay” electrical contracts of $6.5 Million a month which it is incurring
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✓ Teck Acquired Copaquire with two NI 43-101 Resources…10k’s away from QB1
✓ The potential to generate significant cashflow, utilize power, retain labor would suggest this
is a compelling and sizeable opportunity for Teck
Sulfato South
Cu Eq. Tonnage Copper % lb Cu Moly % lb Moly % Cu Eq lb Cu Eq
Cutoff In Thousands Grade in Thousands Grade in Thousands Grade in Thousands
0.7 341 0.73 5,519 0.02 171.00 0.86 6,456
0.6 1,993 0.66 28,973 0.02 1024.00 0.79 34,606
0.5 7,565 0.57 95,460 0.02 3507.00 0.69 114,743
0.4 19,698 0.49 213,997 0.02 8410.00 0.6 260,254
0.3 43,508 0.41 393,051 0.02 16677.00 0.51 484,775
0.2 102,069 0.32 709,918 0.02 34972.00 0.4 902,263
0.1 159,000 0.26 910,755 0.02 53237.00 0.34 1,202,559
Quebrada Blanca Mine:
1.03 BT @ 0.5% Cu1.
AngloAnglo
Codelco
Codelco
Codelco
Codelco
Freeport
Freeport
Xstrata/Anglo
Xstrata/Anglo
Xstrata/Anglo
Xstrata/Anglo
Xstrata/Anglo
Xstrata/Anglo
Teck
Teck
CMXCopaquire
RioTinto
10km
15km
Collahuasi Mine: 9.55
BT @ 0.82% Cu2.
Codelco
Freeport
Codelco
Why Logic Drives Probability Teck Activates Copaquire Royalty – The Logic
Cerro Moly
Mo Eq. Category Tonnage Mo lb Mo Cu % lb Copper Re Mo Eq
Cutoff In Thousands (%) In Thousands Grade in Thousands PPM %
0.028 Indicated 229,474 0.039 197,000 0.11 561,000 0.104 0.069
0.028 Inferred 193,888 0.026 111,000 0.15 624,000 0.063 0.066
0.032 Indicated 181,374 0.042 168,000 0.12 472,000 0.116 0.074
0.032 Inferred 141,595 0.027 84,000 0.16 506,000 0.065 0.071
0.036 Indicated 141,848 0.045 141,000 0.13 394,000 0.013 0.079
0.036 Inferred 105,675 0.028 65,000 0.18 417,000 0.068 0.077
Molybdenum equivalent (MoEq) grades are calculated using the following formula: MoEq (%) = Mo(%) + 1.35*(Cu (%)*2.3 / (Mo(%)*12.65-1.14))The formula assumes a selling cost of US$1.14/lb for Mo and metallurgical recoveries of 84% for Cu and 62% for Mo. Source Videla, 2009, corroborated by AMEC (2009) NI 43-101
Inferred Mineral resource estimate by Copper equivalent cut-off grades.These results are reported in metal equivalent data based on US$ 2.50/lb. copper and US$13.50/lb. molybdenum. In calculating copper equivalencies 100% metal recoveries have been assumed. Source Charchaflie, Jaramillo NI 43101 Jan 30 2012
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Looking For Giants – Bass River – Zulema
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Bass River JV
✓ Signed LOI November 2016 with Tejas Gold (Texas based PE group)
✓ Received 100,000 shares in Tejas and $25,000 Cash
✓ After $400,000 in expenditures on the Bass River (Castlereagh) VTEM target, Tejas earns 35% in the project
✓ Plan is to conduct Pulse EM in Q3 with data modelled by Minotaur Exploration (Australia)
✓ Drilling to commence in Q4
✓ CMX is the Operator and receives a management fee
✓ The Bass River (Castlereagh) VTEM target is largest airborne VTEM anomaly delineated from over 2000 line kilometers of data
✓ Previous drilling to the southwest at Gamble Lake identified lead, zinc and silver mineralization at depth
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Bass River High Priority Targets CDI Results
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Bass River North PEM Grids over Vtem Targets
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Next Steps – Bass River North
01
02
03
04
Secure and Finalize Land Access & Permitting – (In Process)
Conduct ground based Pulse Electro-Magnetic (PEM) survey over multiple targets as recommended by Minotaur Exploration - (In Process).
Minotaur Australia to Process / Model Results & provide advice including drill collar coordinates. (November)
Commence Drill Program 2000-3000m (December 2017)
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Zulema Location
15
30 km
Zulema
Palo Negro
Hornitos
Tierra de Oro
Tabaco
LEGEND
Chilean Metals Property
IOCG Mine
IOCG Belt
Fault
Copper Mine/Deposit
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Candelaria is the Model
✓ Candelaria is huge and profitable. It is the world’s second largest “IOCG” deposit (after Olympic Dam, Australia). Pre-mining reserves at Candelaria were 600Mt @0.95% Cu, 0.22 g/t Au, 3.1 g/t Ag2
✓ Orebody is being exploited by low cost, open pit mining
✓ Orebody does not outcrop. It is overlain by 100-200 metres of barren siliceous hornfels and calc-silicate skarn
✓ Copper sulphides occur as stringers, disseminations, breccia in-fillings and mantos
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A Well-Mineralized System
Zulema Project
Reduced-to-poleMagnetic Anomaly
Magnetic High
IP Target
WesternTarget
Historic Holes
Intensely SkarnedHydrothermal Breccia
Programmed
Drilled
Historic Holes
Current Drilling Area
1
2
3
57
6
4
17
8
9
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Core Hole - 1.189% Cu, 0.99g/t Au, Skarn contact, Drill Hole “3”
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Drilling Highlights
✓ DDH1 defined the extent of the eastern skarn, intersecting local Cpy between 107 and 126
✓ DDH3 collared adjacent to historic copper workings on east flank of magnetic high
✓ 285 – 334 m, garnet magnetite skarn with multiple lenses of copper – magnetite mineralization
✓ Within the skarn, copper ranged from 0.12 – 1.19% Cu, Au between 0.05 – 0.99 g/t Au
✓ Mineralization was most intense at the upper skarn contact
✓ DDH5 collared approximately 175m. north of DDH3
✓ Starting at 146m +/-, large clots of Cpy to 5cm. appear in addition to potassic feldspar alteration
✓ Below 182 m, magnetite becomes a significant component
✓ 179.00 – 218.50 – copper variable, individual assay sections up to 0.44% Cu and 0.27 g/t Au
✓ 322.00 – 375.20 – Hydrothermal breccia with extensive quartz veining at base accompanied by minor copper mineralization
✓ DDH8 collared in the northerly magnetic high, intersecting a quartz, magnetite pyrite, chalcopyrite breccia.
✓ Individual assay sections up to 0.60% Cu and 0.15 g/t Au
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Historic Drill Highlights
Drill Hole From (m.) To (m.) True Width Cu (%) Au (g/t)
Z-03-02 276.00 375.16 99.16 0.24 0.06
Including 276.00 287.00 11.00 0.14 0.04
“ “ 299.00 343.44 44.44 0.06 0.26
“ “ 352.44 375.16 22.72 0.45 0.11
and 466.60 472.20 5.60 0.23 0.33
and 489.60 504.13 14.53 0.24 0.09
Z-03-04 2.00 122.00 120.00 0.10 0.05
and 172.00 249.50 77.50 0.17 0.09
including 172.00 204.00 32.00 0.25 0.14
including 219.00 249.50 30.50 0.15 0.08
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Steps to Discovery
Drilling Confirmed the Presence of IOCG style Mineralization.
Complete Ground based Geophysics including Magnetics and Deep penetrating I.P. (MIMDAS).
Overlay the Geochemistry.
Overlay Geophysical data, Focusing on Areas of Coincident High Conductivity & Magnetic Response.
Prioritize then drill key Targets.1
2
3
4
5
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Next Steps - Zulema
01
02
03
04
05
Complete and Report on Phase 1 Drilling
Secure Next Stage Funding.
Conduct Ground Geophysical Program – Nov/Dec 2017
Minotaur Exploration (Australia) to model Results,Provide Recommendations Targets Jan 2018
Commence Phase 2 Drill Program - Q1 2018
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Hidden Assets in Nova Scotia & Chile
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Experienced Team
Ian Pirie,Ex VP of Projects Inmet Mining
Terry Lynch Board Chairman
Patrick J Cruickshank,MBAPresident & CEO
Gary Lohman, P.Geo.VP Exploration
Dr. Chris Hodgson, P. Eng.
Dr. Tony Belperio, Executive Director, Business Development,
Minotaur Exploration Limited. (Australia)
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Technical Advisory Committee
Gary Lohman, B.Sc., P. Geo., Director, Committee Chair
✓ Over 30 years of experience in both precious and base metal exploration within the Americas.
Tony Belperio, B.Sc. (Hons), Ph.D., FAusIMM, Committee Member
✓ Executive Director of Business Development for Minotaur Exploration Limited, Australia.
✓ Played a key role in the exploration program that led to the discovery of the Prominent Hill mine, 130 kilometers northeast of Olympic Dam, South Australia.
✓ Awarded the University of Adelaide's Tate Memorial Medal, the Geological Society of Australia's Stillwell Award in 1993, AMEC's Prospector of the Year (jointly) in 2003.
✓ and received the Bruce Webb Medal by the South Australian Division of the Geological Society of Australia in 2010 for his contributions to Earth Science.
Chris Hodgson, Ph.D. P. Eng. (B.C.), Consultant
✓ Served as Vice President of Exploration at International PBX Ventures Ltd until April 6, 2016.
✓ Previous positions included Chief Geologist Amax Exploration, Vice President of Exploration of Canamax Resources, Exploration Manager Canada Tungsten and Minera Inmet(Chile).
✓ Mr. Hodgson is credited with the early recognition of the Santo Domingo IOCG (iron oxide-copper-gold) deposit in Chile.
Ian Pirie
✓ Senior mining executive who held various positions including General Manager, Latin America for Inmet Mining Corporation.
✓ Responsible for the acquisition and development of the Antamina project, Peru.
✓ Responsible for the development of Cobre Las Cruces in Spain and the Cobre Panama project in Panama.
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Strategy - Execution
Objective CMX- Next Steps
01
02
03
04
05
Drill High Impact lower risk 100% owned targets with a view to discovery of resource that we would develop through Pre Feasibility unless we received a Pre Feasibility value offer in Discovery cycle.
Farm out High Impact medium risk projects. Operate exploration program.
Optimize Teck Resources Copaquire Royalty
Build a sustainable IR plan to insure market is aware of our plans and progress
Leverage our exploration and deal generation skills into multiple opportunities for our shareholders to benefit from impact Discoveries
Complete Financing for Current Programs
Zulema – I.P./Mag/Geochem - Q4 2017
Bass River –Geophysics / Drill- Nov 2017- Jan 2018
Monitor Teck developments at Copaquire
Get analyst newsletter coverage and support IR program
Ensure structure optimizes our assets.
Zulema Drill Program - Q1 2018
02
03
04
05
07
06
01
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Capital Structure
Market Information (As of Oct 16, 2017)
Total Shares Issued 85,836,055
Fully Diluted 101,384,307
Warrants Issued 8,348,252
Options Issued 7,200,000
52 Week Low $0.07
52 Week High $0.33
Exchange Market Traded
Toronto (TSX-V) Symbol “CMX”
Santiago (SSE) Symbol “CMX”
USA (OTCQB) Symbol “CMETF”
MILA Symbol “CMX”
FRA Symbol “IVV1”
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TSXV:CMX
Impact Copper Exploration with Royalty Hedge