Ready to Rebound - Chilean Metalschileanmetals.com/pdfs/CMXFeb2020.pdfDDH1 defined the extent of the...

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Disclaimer

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Forward Looking Statements

Except for historical information contained herein, this presentation may contain forward looking

statements including but not limited to comments regarding predictions and projections. Forward

looking statements address future events and conditions and therefore involve inherit risks and

uncertainties. Although Chilean Metals Inc. believes that such expectations are reasonable, there can

be no assurance that such expectations will prove to be correct, and therefore actual results may differ

materially from those currently anticipated in such statements. You are cautioned not to place undue

reliance on any such forward looking statements, whether made in this presentation or in any question

and answer period related to this presentation.


Commodity:S&P Ratio

3

CMX 10 Year Chart

Buy at the Bottom


Why Invest Now?

Parent Co.With Royalty

Exploration in Chile

Drilling CopperGold Porphyry

Chile

5

Trading at Shell Value

Market is Turning

Advanced IOCG ProjectChile

Probability Teck Royalty Activated


Capital Structure

Total Shares Issued 14,161,976

Fully Diluted 19,806,526

Warrants Issued ($.51) 5,383,550

Options Issued ($1.53) 261,000

52 Week Low $0.04

52 Week High $0.34

Exchange Market Traded

Toronto (TSX-V) Symbol “CMX”

Santiago (SSE) Symbol “CMX”

USA (PS) Symbol “CMETF”

MILA Symbol “CMX”

FRA Symbol “IVV1”

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The 2020 Business Plan

1. Fund Drill Programs in Chile

2. Drill TDO Copper Gold Porphyry

3. Finalize Zulema Preparations for Drilling

4. Communicate, Preserve & Optimize Teck Royalty Value

5. Evaluate Spinouts, acquisitions or mergers to enhance shareholder value

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Current Offering

Structure: Unit offering comprised of 1 Share and 1 full warrant.

Unit Price: $.05

Warrant Price: $.05

Warrant Term: 2 Years non callable

Investment: Minimum $5,000

Offering Up to 30,000,000 Units

Eligibility: Shareholders of record & usual exemptions

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Drill Key Chilean Projects

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30 km

Zulema

Palo Negro

Hornitos

Tierra de Oro

Tabaco

LEGEND

Chilean Metals Property

IOCG Mine

IOCG Belt

Fault

Copper Mine/Deposit


TDO – Chancheo target is deeper and untested

High IP coincident with low res, with surface geochemical anomalies of Au-Cu-Mo ; delimit a target with high potential, which has not yet been perforated.

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TDO – Chancheo target is deeper and untested

The 3d model indicates the proximity between an important magnetic anomaly & presence of a body represented by the IP anomaly, whose tonnage could reach 600Mt only in its core.

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Using Technology to Enhance Success

The 3d modeling is having success especially with base metal deposits. It doesn’t replace Geoscientific team but focuses them on higher value targets enhancing odds of Success

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Zulema – New Confirmed Geophysical Targets

Drilling on Optimized targets based on IP/Resistivity Q1 2020

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Drilling Highlights

✓ DDH1 defined the extent of the eastern skarn, intersecting local Cpy between 107 and 126

✓ DDH3 collared adjacent to historic copper workings on east flank of magnetic high

✓ 285 – 334 m, garnet magnetite skarn with multiple lenses of copper – magnetite mineralization

✓ Within the skarn, copper ranged from 0.12 – 1.19% Cu, Au between 0.05 – 0.99 g/t Au

✓ Mineralization was most intense at the upper skarn contact

✓ DDH5 collared approximately 175m. north of DDH3

✓ Starting at 146m +/-, large clots of Cpy to 5cm. appear in addition to potassic feldspar alteration

✓ Below 182 m, magnetite becomes a significant component

✓ 179.00 – 218.50 – copper variable, individual assay sections up to 0.44% Cu and 0.27 g/t Au

✓ 322.00 – 375.20 – Hydrothermal breccia with extensive quartz veining at base accompanied by minor copper mineralization

✓ DDH8 collared in the northerly magnetic high, intersecting a quartz, magnetite pyrite, chalcopyrite breccia.

✓ Individual assay sections up to 0.60% Cu and 0.15 g/t Au

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Next Steps - Chile

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02

03

04

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Raise Capital to drill TDO & Finish Geophysics on Zulema

Drill TDO Chanchero Project in Q2/3 2020

Target Additional drilling TDO & Zulema H2 2020

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Do Geophysics on Zulema

Announce results in Q3 on TDO program


✓ Teck Acquired Copaquire acquires for $3 Million USD + a 3% NSR

✓ Teck Acquired Copaquire with two NI 43-101 Resources…10k’s away from QB1

✓ The potential to generate significant cashflow, utilize power, retain labor would suggest this

is a compelling and sizeable opportunity for Teck

Sulfato South

Cu Eq. Tonnage Copper % lb Cu Moly % lb Moly % Cu Eq lb Cu Eq

Cutoff In Thousands Grade in Thousands Grade in Thousands Grade in Thousands

0.7 341 0.73 5,519 0.02 171.00 0.86 6,456

0.6 1,993 0.66 28,973 0.02 1024.00 0.79 34,606

0.5 7,565 0.57 95,460 0.02 3507.00 0.69 114,743

0.4 19,698 0.49 213,997 0.02 8410.00 0.6 260,254

0.3 43,508 0.41 393,051 0.02 16677.00 0.51 484,775

0.2 102,069 0.32 709,918 0.02 34972.00 0.4 902,263

0.1 159,000 0.26 910,755 0.02 53237.00 0.34 1,202,559 Quebrada Blanca Mine:

1.03 BT @ 0.5% Cu1.

AngloAnglo

Codelco

Codelco

Codelco

Codelco

Freeport

Freeport

Xstrata/Anglo

Xstrata/Anglo

Xstrata/Anglo

Xstrata/Anglo

Xstrata/Anglo

Xstrata/Anglo

Teck

Teck

CMXCopaquire

RioTinto

10km

15km

Collahuasi Mine: 9.55

BT @ 0.82% Cu2.

Codelco

Freeport

Codelco

Copaquire Royalty with Teck

Cerro Moly

Mo Eq. Category Tonnage Mo lb Mo Cu % lb Copper Re Mo Eq

Cutoff In Thousands (%) In Thousands Grade in Thousands PPM %

0.028 Indicated 229,474 0.039 197,000 0.11 561,000 0.104 0.069

0.028 Inferred 193,888 0.026 111,000 0.15 624,000 0.063 0.066

0.032 Indicated 181,374 0.042 168,000 0.12 472,000 0.116 0.074

0.032 Inferred 141,595 0.027 84,000 0.16 506,000 0.065 0.071

0.036 Indicated 141,848 0.045 141,000 0.13 394,000 0.013 0.079

0.036 Inferred 105,675 0.028 65,000 0.18 417,000 0.068 0.077

Molybdenum equivalent (MoEq) grades are calculated using the following formula: MoEq (%) = Mo(%) + 1.35*(Cu (%)*2.3 / (Mo(%)*12.65-1.14))The formula assumes a selling cost of US$1.14/lb for Mo and metallurgical recoveries of 84% for Cu and 62% for Mo. Source Videla, 2009, corroborated by AMEC (2009) NI 43-101

Inferred Mineral resource estimate by Copper equivalent cut-off grades.These results are reported in metal equivalent data based on US$ 2.50/lb. copper and US$13.50/lb. molybdenum. In calculating copper equivalencies 100% metal recoveries have been assumed. Source Charchaflie, Jaramillo NI 43101 Jan 30 2012

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Why Logic Drives Probability Teck Activates Copaquire Royalty – The Facts✓ Teck acquired on April 04 2018 13.5% of QB for $162.5 Million

✓ Teck had peak sales of $696 Million( 2012) $229 Million (2016)

✓ Teck has commenced QB2 Construction

✓ Used life of mine estimated price of CuT of $3 and Molybdenum of $10

✓ Operating costs of $12.78 per tonne/per year

✓ QB 2 is targeted to go into production H2 2021

✓ There is forecast to be a 3-4 year gap in mining between wind up of QB1 an launch of QB2

✓ QB has “take or pay” electrical contracts of $6.5 Million a month which it is incurring

✓ Collahuasi Sharing Plan creates additional possibilities.

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Experienced Team

Ximena Perez,MD Chile

Terry Lynch CEO

Mick Sharry

President

Greg McKenzie Director

Les Mallard Director

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Peter Kent Chairman


Strategy - Execution

Objective CMX- Next Steps

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02

03

04

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Drill High Impact lower risk 100% owned targets with a view to discovery of resource that we would develop through Pre Feasibility unless we received a Pre Feasibility value offer in Discovery cycle.

Farm out High Impact medium risk projects. Operate exploration program.

Optimize Teck Resources Copaquire Royalty

Build a sustainable IR plan to insure market is aware of our plans and progress

Leverage our exploration and deal generation skills into multiple opportunities for our shareholders to benefit from impact Discoveries

Complete Financing for Current Programs

Optimize Zulema Q2 2020

Report on TDO in Q3 2020

Monitor Teck developments at Copaquire

Evaluate Merger or Acquisition Opportunities

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03

04

05

07

06

01

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Follow up drilling on most promising target

Drill TDO in Q2/3 2020


Why Invest Now?

Parent Co.With Royalty

Exploration in Chile

Drilling CopperGold Porphyry

Chile

20

Trading at Shell Value

Market is Turning

Advanced IOCG ProjectChile

Probability Teck Royalty Activated

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