Filo (FIL) Corporate Presentation summary

Project overview

• Filo del Sol is a high-sulphidation epithermal copper-gold-silver deposit located on the Argentina-Chile border, part of the emerging Vicuña copper-gold district.

• The project is 100% owned and aims to unlock a world-class copper asset for the green economy through responsible exploration.

• Filo del Sol benefits from significant infrastructure and is covered by a cross-border mining treaty.

• The Lundin Group, with a strong track record, is the major shareholder, and the project is supported by extensive analyst coverage.

Exploration highlights

• Drilling has extended continuous mineralization over 5km strike, 0.8km width, and up to 1.5km depth.

• Notable intercepts include 858m @ 1.80% CuEq (FSDH041), 1,224m @ 1.26% CuEq (FSDH054), and 1,338m @ 1.33% CuEq (FSDH055C).

• A high-grade silver zone was discovered, with 64m @ 1,214 g/t Ag in FSDH055A.

• 40,000m of drilling is planned for 2024 with 9 rigs, targeting an initial sulphide resource estimate in early Q4 2024.

• Eleven target zones have been identified, with ongoing step-out drilling and new discovery targets.

Resource and reserve estimates

• Indicated resources: 432.6 Mt at 0.33% Cu, 0.33 g/t Au, 11.5 g/t Ag; inferred: 211.6 Mt at 0.27% Cu, 0.31 g/t Au, 7.4 g/t Ag.

• Proven and probable reserves: 259.6 Mt at 0.39% Cu, 0.34 g/t Au, 16.0 g/t Ag.

• Life-of-mine stripping ratio is 1.57:1, with recoveries of 83% Cu, 73% Au, and 80% Ag.