Metals Acquisition Corp SPAC Presentation Deck
✪ Established Copper Mine in a Tier 1 Jurisdiction
Opportunity Overview
Location
✓ High grade copper mine in a Tier 1 jurisdiction with
significant operating history (initial production in 1967)
Long-life mine with an attractive cost profile
Substantial recent investment in plant, mine and fleet to
support LOM plan and beyond
✓ Multiple opportunities identified to improve productivity,
optimize costs, lower cut-off grade, increase the resource
and extend the mine life
Key Stats
Current Ownership:
Commodity:
Product Type:
Mine Type:
Status:
Processing:
2022E Cu Recovery:
2022E Payable Production:
2022E Cash Cost
Current Mine Life:
Glencore (100%)
Copper (Silver by-product)
Concentrate
Underground
Producing
Conventional grinding, flotation, filtration
circuits
98% (1)
41 kt copper(1)
US$1.51/lb (incl. by-products)(¹)
Over 15 years (1)
Category
Proven
Probable
N
Total Reserves
M&I
Inferred
Total
Resources(3)
Ore
(Mt)
4.2
2.6
Mineral Resources and Reserves as at 31 Dec 2021 (2)
Cu
Cu
Grade
(%)
Cont.
(kt)
4.00%
168
6.8
7.4
4.0
11.4
3.60%
3.80%
5.36%
5.41%
CSA
5.38%
94
QLD
262
396
217
613
NSW
Burrendong
dam
Sources: Company Information.
(1) Based on management estimates, using market offtake terms, forward curve commodity prices at March 15, 2022 and assuming full year ownership. Actual results may vary based on date of deal completion;
(2) Based on Glencore estimates as of December 31, 2021. A third-party report is expected in 2022, which may result in different estimates (3) Resources are inclusive of Reserves.
Ag
Grade
(g/t)
16.4
14.1
15.6
22
20
Brisbane
21
Port
Waratah
Sydney
Rail
Ag
Cont.
(Moz)
2.2
1.2
3.4
5.3
2.6
7.8
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