Exploring new copper assets in Peru

Element 29 Resources Inc.

INVESTOR PRESENTATION

January 2022

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ELEMENT 29

Copper Demand

  • Copper is the metal needed to bring energy to market.
  • Copper is the most conductive non-ferrous metals and is 30% more conductive than gold.
  • Copper demand for green energy will double in 10 years from 2.1 Mtpa to 4.2 Mtpa.
  • EV copper consumption is 4 to 15 times more than regular combustion engines.

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Teck Sponsored Article "Visualizing Copper Demand for Renewables", November 3rd, 2021

ELEMENT 29

Copper Supply

2023

• Copper inventories are at near record lows.

• Resources are declining while demand is

increasing due to a global green energy

focus.

• By 2023, primary copper demand is

projected to exceed expected inventories.

Source: Wood Mackenzie - Global Copper Long Term Outlook Q1-2020 (March, 2020)

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ELEMENT 29

PERU Copper Endowment

  • Second largest copper producer globally (2.5 Mtpa).
  • Peru has a total copper inventory of 170.4 Mt as reported by INGEMMET1.
  • Deposits are well distributed throughout the Andean magmatic arcs of Peru.

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1 Acosta Ale, J., Huanacuni, D., Manrique, M., 2016. Base de datos de recursos y reservas de operaciones y proyectos mineros del Peru, Instituto Geológico Minero y Metalúrgico (INGEMMET), Lima, 8p.

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Element 29 Resources Inc. published this content on 21 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 January 2022 17:12:03 UTC.