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Copper Mountain Overview | 2018 Guidance | 2017 Production | Copper Mountain Business Strategy | Exploration | Share Structure (as at June 2017) | Management | Corporate Offices

Copper Mountain Overview



Copper Mountain Mining Corporation (TSX: CMMC) is a Canadian based mining company whose flagship asset is the Copper Mountain mine located in southern British Columbia, near the town of Princeton.

The Company has a strategic alliance with Mitsubishi Materials Corporation who own 25% of the mine. The Copper Mountain mine produces about 100 million pounds of copper equivalent per year, including significant gold and silver credits, all of which are shipped to Japan for smelting in one of Mitsubishi’s copper smelters.

The 18,000 acre site has a large resource of copper that remains open laterally and at depth. The mine has significant exploration potential that is being explored over the next few years to fully appreciate the property’s full development potential. They continue to focus on maximizing cash flow & minimizing costs.

The Company has a strategic alliance with Mitsubishi Materials Corporation who own 25% of the mine. The Copper Mountain mine produces about 100 million pounds of copper equivalent per year, including significant gold and silver credits, all of which are shipped to Japan for smelting in one of Mitsubishi’s copper smelters.

The 18,000 acre site has a large resource of copper that remains open laterally and at depth. The mine has significant exploration potential that is being explored over the next few years to fully appreciate the property’s full development potential. They continue to focus on maximizing cash flow & minimizing costs.


2018 Guidance


Copper Production: 80 million pounds of copper (+/- 5%)

Mill Throughput: 40,000 tpd

Mill Feed Grade: 0.31% copper Cu

Planned Mining Rate: 190,000 tonnes per day


2017 Production


2017 Production: 88.3M Lbs Copper Equivalent

(75.8M Lbs Copper, 23,600 oz Gold, 277,000 oz Silver)






Concentrate being delivered to Port of Vancouver, from Copper Mountain Mine, just 300 km east.

Copper Mountain Business Strategy


Copper Mountain’s business strategy continues to unfold as planned:

- We have an efficient and strong operational base from which to grow.

- Organically, we are testing areas underneath our existing pit and are drilling the adjacent New Ingerbelle deposit to be included in our next updated 43-101 resource/reserve statement planned for Q2-2018. Results so far are encouraging.

- In M&A news, Copper Mountain announced plans to acquire Altona Mining (Australia), en route to our plans for Copper Mountain mine #2. See news November 19, 2017.


Game-Changer: Secondary Crusher – tall green building on left of image.



Exploration


The Copper Mountain land package is over 18,000 acres with multiple prospective targets in and around the property.

2017 Summer Diamond Drill Program:

- drilling in Eastern end of Pit 2 for deeper mineralization

- drilling in the Western end of Pit 2, expanding the ultimate pit out westward

- drilling in the Saddle area South West of Pit 2, above higher-grade Queen Anne zone.

“Exploration at the site has historically been very successful and with the strengthening copper price, the Company is very comfortable reinvesting in our large land package for future growth for our shareholders.” Jim O’Rourke, Copper Mountain CEO

2018 Exploration News:

Summer Drilling Results in the SuperPit Area and at new Ingerbelle

SUPERPIT AREA:

The purpose of the program was to further expand resources on the western side of the pit 2 area. Additional drilling was carried out in the Saddle area as fill-in drilling to upgrade the resources to assist with longer term mine planning. A deep drilling program was completed at the eastern end of Pit 2 to test continuity of high grade mineralization at depth. A total of 8900m of diamond drilling was completed in thirty-two drill holes.

Previous results from the 2016 drill program indicated a significant north-west extension of Pit 2 mineralization while the 2017 program focused on an area to the south-west of Pit 2. The 2017 program was successful in intercepting the high grade mineralization at depth on the eastern end of Pit 2. Drilling south west of Pit 2 continued to intercept mineralization, but was intermittent as drilling moved outside of the western extremities of the current pit limits, indicating that additional drilling may be required. Highlights of the Pit 2 West drilling are in the table below and include 82 meters of 0.55% Cu and 18 meters of 0.80% Cu.






Positive Drill Results Advance New Ingerbelle Deposit

Results from the fourteen completed drill holes, totalling 4,750m are summarized in the table below. The drill program was successful as follows:

1. Validated and confirmed historical data and therefore resources that are currently classified as Inferred can now be upgraded to categories based on mineralization continuity and data density;

2. Drilling intersected mineralization peripheral to the block model indicating potential for the expansion of resources both laterally, and at depth;

3. Drill hole assays confirmed the high gold tenor of the Ingerbelle mineralization estimated from historical production data to average 0.66g/t Au for every 1% of copper grade.

Drill hole locations were designed so as to intersect the historically defined mineralization in an evenly distributed pattern to the extent that topography, and water or backfilled areas would allow (see attached map and section). Historical drill data in the Ingerbelle deposit consisted of 582 drill-holes totalling 80,500m, approximately half of which are below the previously mined area. The 35 significant drill intersections from the current program, as tabulated below, have an average Cu Eq grade of 0.48% ( 0.34% Cu, 0.70g/t Ag and 0.22g/tAu).

The Ingerbelle resource, estimated from the historical data (inferred) that is within a whittle pit shell, generated using a US$2.75 copper price and current mine costs, contains 104Mt grading 0.42% Cu Eq. (0.30% Cu and 0.20g/t Au) based on a 0.2% copper cut-off grade. A revised resource estimate, using both historical and new drill data, will be completed in the near future. Additional drill programs and engineering studies will be designed to upgrade resources to reserve status and targeted to define sufficient reserves that could contribute an additional 10 years of production to Copper Mountain’s life-of-mine plan.

Share Structure (as at June 2017)


Shares Outstanding: 134 million

Fully Diluted:           147.9 million


Management


JAMES C. (JIM) O'ROURKE, P.ENG., OBC.
Director, CEO

Graduated in 1964 with a B.A.Sc. degree in Mining Engineering from the University of British Columbia. Jim has more than 40 years of hands–on experience in mine evaluations, development, project financing, marketing and operations in Canada, the United States, South America and the Philippines. Jim is Chief Executive Officer, Director and a founding shareholder of Copper Mountain Corporation. Jim was the 2005 recipient of the Edgar A. Scholz Medal for Excellence in Mine Development in British Columbia and the Yukon, and the recipient of the Mining Person of the Year award for British Columbia in 2010. He was a recipient of the Order of British Columbia in 2011. In 2013 Jim was inducted into the Canadian Mining Hall of Fame.


RODNEY A. (ROD) SHIER, CPA- CA
Director, CFO

Graduated from the University of British Columbia in 1986 with a Bachelor of Commerce degree and earned his Chartered Accountant designation in 1989. Rod has over twenty years experience as a corporate officer and director to a number of publicly–traded mining companies, and has experience in raising over $1 billion in debt and equity financing transactions. Rod is Chief Financial Officer, Director, and a founding shareholder of Copper Mountain Mining Corporation. His responsibilities include all aspects of the Company’s financial operations, controls and financial disclosure, as well as maintaining the Company’s corporate records, in addition to overseeing all aspects of the Company’s investor relations activities. Rod is a member of the Institute of Chartered Accountants of British Columbia and the 2013 recipient of the Edgar A. Scholz Medal for Excellence In Mine Development in British Columbia.


PETER HOLBECK, M.Sc., P.Geo
VP, Exploration

Graduated in 1981 from The University of British Columbia with a B.Sc.(hons) in geology and a Masters of Science in Economic Geology (1988), and has 25 years experience in mineral exploration and mine development.


WILLIAM (BILL) MRACEK, P.Eng.
VP, Mining

Graduated from University of Saskatchewan with a Bachelor of Engineering degree in Mechanical Engineering and is a professional engineer registered in the province of Ontario. Has 40 years of practical and management experience in both undergroundand surface mines across Canada.


RICHARD JOYES, B.Sc. Geo
Exploration Geologist

Graduated from the University of Tasmania in 1999 with a bachelors degree majoring in ore–deposit geology. With a particular focus on 3D modeling, mineral inventory and deposit estimation and database administration, Richard brings a wide variety of both field and computer based skills to the exploration team.


Corporate Offices


Suite 1700 — 700 West Pender Street
Vancouver, BC  V6C 1G8
Telephone: 604-682-2992
Toll free: 1-877-451-4310
Fax: 604-682-2993
www.CuMtn.com


Corporate Profile on Stockhouse


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