W W W. C O R D O B A M I N E R A L S . C O M MAKING THE NEXT WORLD CLASS COPPER GOLD DISCOVERY CORPORATE PRESENTATION
Forward-Looking Statement These presentation slides (the “ Slides ” ) do not comprise a prospectus or other form of offering document relating to Cordoba Minerals Corp. ( “ the Company ” ), and do not constitute an offer or invitation to purchase or subscribe for any securities of the Company or any other company and should not be relied on in connection with a decision to purchase or subscribe for any such securities. The Slides and the accompanying verbal presentation do not constitute a recommendation regarding any decision to sell or purchase securities of the Company or any other company. Your attention is drawn to the risk factors set out below. This presentation contains forward-looking statements including, but not limited to, comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, and other related matters. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. The Company ’ s current projects in Colombia are at an early stage and all estimates and projections are based on limited, and possibly incomplete data. More work is required before geological and economic aspects can be confidently modeled. Actual results may differ materially from those currently anticipated in this presentation. No representation or prediction is intended as to the results of future work, nor can there be any guarantee that estimates and projections herein will be sustained in future work or that the Project will otherwise prove to be economic. Christian Grainger, P.Geo., a qualified person under National Instrument 43-101, has reviewed the technical information contained herein. 2
Investment Highlights The Company ’ s San Matias Project hosts the open-pittable high-grade and • potentially large scale Alacran deposit with an initial Inferred Resource – 53.5M tonnes at 0.70% Cu and 0.37 g/t Au (0.95% CuEq or 1.41 g/t AuEq) – 1.1 billion pounds of copper equivalent or 2.4 million ounces of gold equivalent – Potential new high grade CBM Vein discovery: 4,440 g/t gold + 10.25% copper + 24.70% zinc + 347 g/t silver over 0.90 metres • The San Matias Project is located at sea level and hosts district scale copper- gold potential in a newly discovered region of Colombia • Excellent infrastructure: near two large operating open-pit mines and power with a skilled workforce readily available Fully financed with a partnership with HPX (Robert Friedland company) to • fund a discovery through feasibility study within the San Matias Project 3
Capital Structure Share Price Performance Share Capital Symbols (TSX-V; OTCQX) CDB; CDBMF Shares Outstanding 88.6 Million Warrants ($0.21 - $1.50) 13.6 Million Market Cap @ $ 1.40 $124 Million Insider Ownership ~ 45% Cash Balance $2 Million Large and Institutional Shareholders: HPX (Friedland) BlackRock Continental Gold Mackenzie Sprott PowerOne 4
District Scale Potential • San Matias Project and the Alacran Deposit are located in northern Colombia • Total land package 203,848 Ha • Cordoba locked up the newly discovered copper-gold district • Numerous copper-gold artisanal mines with potential for a Tier One porphyry 5
Ideal Location with Infrastructure • Two operating open-pit mines nearby • Cerro Matoso (South32): Ni-laterite mine and ferro-nickel smelter • Carbon del Caribe (Argos): open-pit coal operations • Infrastructure including power and paved national highway and roads • $450 million thermal coal plant recently commissioned • Skilled workforce readily available • Ideal open-pit topography - sea level 6
Alacran Mineral Resources Inferred Material Grade Metal Copper Equivalent Gold Equivalent (Mt) Copper (%) Gold (g/t) Copper (Mlb) Gold (Koz) CuEq (%) CuEq (Mlb) AuEq (g/t) AuEq (Koz) >0.3 Cu Eq 53.52 0.70 0.37 827 644 0.95 1,121 1.41 2,426 > 1.0% Cu 7.37 2.14 0.41 348 98 2.42 393 3.59 850 * Pit constrained, mineral resources are reported in relation to a conceptual Whittle pit shell. Mineral resources are not mineral reserves and do not have demonstrated economic viability. All figures are rounded to reflect the relative accuracy of the estimate. Mt: millions of tonnes; Mlb: millions of pounds; Koz: thousands of ounces. ** Copper equivalent grades are based on estimated copper and gold values, metal prices $2.50/lb Cu and $1300/oz Au. metal prices are not constant and are subject to change. *** Pit constrained mineral resources are reported at a copper equivalent cut-off of 0.3% and applying assumed metal recoveries of 90% for Cu and 80% for Au. Note no metallurgical test work has been undertaken by Cordoba and the recoveries are estimates only. Initial high grade pit constrained copper-gold Inferred Resource with potential to • significantly increase the size and scale of the Alacran Deposit The Mineral Resource was estimated within a corridor of approximately 1.3 km • on strike and 355 metres horizontal width and a depth of only 220 metres Mineralization and deposit remains open and current drilling program is outside • resource envelope 7
Alacran Mineral Resources 109m @ 0.95% Cu, 0.35 gt Au 115m @ 0.92% Cu, 0.85 gt Au 24m @ 1.64% Cu, 0.62 gt Au 15m @ 0.65% Cu, 0.30 gt Au 63m @ 0.40% Cu, 0.15 gt Au 200m High-grade copper-gold mineralisation from surface on section that is up to 400m lateral and open down dip. Very low strip ratio. 8
Alacran Expansion Potential • Inferred mineral resources are within a conceptual Whittle open-pit shell over 1.3 km and to a depth of only 220 metres • Drilled copper-gold mineralization occurs below the pit shell but not included in the resource due to sparse drilling • Additional ” unclassified ” mineralization within the pit- shell but not included in the resource provides immediate drilling potential to increase Copper-gold mineral resources in the Inferred category and unclassified mineralized material in relation to a conceptual Whittle pit shell and drill-hole traces, 3D view towards northeast tonnages 9
Alacran Large Scale Potential • Mineral resources start from surface to a current depth of only 220 metres • High grade Inferred shell of 7.4Mt at 2.14% Cu and 0.41 g/t Au • The Alacran deposit has potential for open-pit development at relatively low strip ratios (subject to an economic study) • Conversion of “ unclassified ” mineralization to a resource will potentially decrease waste to ore Plan view of copper-gold mineralization “ grade ” shells, , drill-hole traces and conceptual Whittle pit shell ratios further 10
Alacran High Grade Potential • Identified Carbonate-Base-Metal- Veins • Similar to Continental Gold ’ s Buritca and Barrick ’ s Pogera HG mines ACD036: 4,440 g/t gold + 10.25% • copper + 24.70% zinc + 347 g/t silver over 0.90 metres • Structurally controlled CBM veins hosted in a late stage chalcopyrite-sphalerite-carbonate- coarse gold vein that overprints earlier chalcopyrite-pyrrhotite copper-gold mineralization Figure 1: Image of strong coarse visible gold in sphalerite-carbonate vein cutting chalcopyrite in ACD036 • Drilling will focus on determining the extent of the CBM veins 11
Alacran – Just the Beginning Significant potential for large tonnage open-pit copper gold deposit 12
Alacran Deposit Intense mineralization 13
District Scale Potential San Matias has the potential for • multiple large scale discoveries Three parallel 13-km north-south • trending structures • Main porphyry trend hosts multiple porphyry intrusive centres (Montiel and Costa Azul) with large, high grade gold targets east of the trend Alacran current inferred resources of • 54Mt at 0.7% Cu and 0.37 g/t Au with potential to grow • Hunting for the source porphyry at Alacran - potential game changer 14
District Scale Potential • Numerous copper and gold targets along the trends • Alacran is just the first discovery with potential for tier one porphyry discoveries • Targets will be drill tested in 2017 15
Why a Partnership with HPX Proprietary, deep IP Typhoon technology to explore district scale potential of San Matias • • Proven team at finding world class assets – Voisey ’ s Bay (Canada), Oyu Tolgoi (Mongolia), Kamoa (DR Congo), Platreef (South Africa) Joint Venture terms includes: • • Phase 1 – $6 million for a 25% interest (completed) Phase 2 – additional $10.5 million for a 51% interest (completed) • • Phase 3 – carry to feasibility for a 65% interest (unlimited spend) HPX has entered Phase 3 of the JV with a focus to advance Alacran and discover a Tier One • Porphyry • HPX owns 37% of Cordoba with a three year standstill agreement 16
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