Abacus Mining and Exploration Corporation I TSX:AME I www.amemining.com 1
Corporate PresentationAugust 2017
Value DrivenCopper focused
Abacus Mining and Exploration Corporation I TSX:AME I www.amemining.com 2
This presentation includes certain statements that may be deemed "forward lookingstatements". All statements herein, other than statements of historical facts, that address eventsor developments that Abacus Mining and Exploration Corporation (the "Company") expects tooccur, are forward looking statements. Forward looking statements are statements that are nothistorical facts and are generally, but not always, identified by the words "expects", "plans","anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, orthat events or conditions "will", "would", "may", "could" or "should" occur. Forward lookingstatements are based on the beliefs, estimates and opinions of the Company's management onthe date the statements are made. Although the Company believes the expectations expressedin such forward looking statements are based on reasonable assumptions, such statements arenot guarantees of future performance and actual results may differ materially from those in theforward looking statements. Factors that could cause actual results to differ materially fromthose in forward looking statements include market prices, exploitation and explorationsuccesses, environmental and permitting timeline delays or receipt of required provincial andfederal permits that may affect future plans, continued availability of capital and financing, andgeneral economic, market or business conditions. Investors are cautioned that any suchstatements are not guarantees of future performance and actual results or developments maydiffer materially from those projected in the forward looking statements. Except as required bysecurities laws, the Company undertakes no obligation to update these forward lookingstatements in the event that management's beliefs, estimates or opinions, or other factors,should change.
Forward Looking Information
Abacus Mining and Exploration Corporation I TSX:AME I www.amemining.com 3
- Major copper-gold porphyry development project in B.C. in the permitting process
- Exceptional copper-gold porphyry exploration project in Nevada
- Both Projects are in low-risk jurisdictions
- Management & Directors have demonstrated success in exploration, development & M+A
- Re-rating on near-term receipt of EA permits
- Compelling low market valuation- Copper market near the beginning of a multi-
year bull market
Strengths
Opportunities
Abacus Mining and Exploration Corporation I TSX:AME I www.amemining.com 4
A development stage copper-gold porphyry deposit in the permitting process
Ajax Copper Project, B.C.
Abacus Mining and Exploration Corporation I TSX:AME I www.amemining.com 6
Ajax
New GoldAxiom
New GoldAfton
Ajax
Ajax Map Detail
Abacus Mining and Exploration Corporation I TSX:AME I www.amemining.com 7
OwnershipAjax Project 100% By KGHM Ajax Mining Inc.
KGHM Ajax Mining Inc. 20%
80%
By Abacus Mining & Exploration Inc.(carried by KGHM through to production)
By KGHM Polska Miedz SA
Project Ownership
Abacus Mining and Exploration Corporation I TSX:AME I www.amemining.com 8
West Pit
East Pit
Picrite
Sugarloaf Diorite
Mafic Volcanic
Iron Mask Hybrid
Sugarloaf-Volcanic Hybrid
Monzonite Dykes
Latite Dykes
Ajax General Geology
Abacus Mining and Exploration Corporation I TSX:AME I www.amemining.com 10
Reserve Tonnes (mt) Cu % Au (g/t) Ag (g/t)
Proven 130 0.30 0.19 0.40
Probable 296 0.28 0.19 0.38
P + P 426 0.29 0.19 0.39
Mining Rate 65,000 tpd 23,725,000 Mt/yStrip Ratio 2.65 : 1Cap Ex $1,307,200,000Op Ex LOM Mining $1.50/t mined
Process $4.31/t ore
Feasibility Study Highlights
Abacus Mining and Exploration Corporation I TSX:AME I www.amemining.com 11
Pre-Tax NPV @ 5% USD 872 M
NPV @ 8% USD 429 M
IRR 13.4%
After Tax NPV @ 5% USD 543 M
NPV @ 8% USD 216 M
IRR 11.1%
Financial
Payback (after tax) 6.7 years
Feasibility Study Highlights
Abacus Mining and Exploration Corporation I TSX:AME I www.amemining.com 12
Milestone Estimated Date*
Provincial EA Certificate
Project Agreement with First Nations
Federal EIS Approval Decision
Submit Provincial Permit Applications
Submit Federal Permit Applications
Nov-Dec, 2017
Nov-Dec, 2017
Dec-Jan, 2018
Q1, 2018
Q1, 2018
Near-term Milestones
The aforenoted timelines are subject to change without notice. Risks related to the environmental permitting process and receipt of all regulatory permits and approvals are detailed under “Risk Factors” in the Company’s filings on Sedar and its website.
Abacus Mining and Exploration Corporation I TSX:AME I www.amemining.com 13
Rail LineRail Line
Airport
MacArthurDeposit
BearCu Porphyry
BuckSkinCu Vein
Blue Hill
Anne Mason
YeringtonMine
WillowProperty
YeringtonPumpkin Hollow
Cu Skarn
Willow Property Location Map
Abacus Mining and Exploration Corporation I TSX:AME I www.amemining.com 17
Willow Drill Holes Detail
Abacus Mining and Exploration Corporation I TSX:AME I www.amemining.com 19
- Compilation and digitization of all historic data
- Approx. 97 line km of infill soils and ground IP
- Approx. 200 line km ground magnetics
- Detailed geological mapping by an expert in porphyry systems
- Spectrometric mineralogical analysis (Terraspec) of all new soil & rock samples
- Additional age dating
- Up to 2500 m Diamond Drilling
Total Budget: $(CAD) 788,000
2017 Willow Program
Abacus Mining and Exploration Corporation I TSX:AME I www.amemining.com 20
Michael McInnis President, CEO and Director
Sean Harvey Director
John McConnell Director
Tom McKeever Director
Kerry Spong Director
Jeannine Webb CFO, Corporate Sec’y
Management and Directors20
Abacus Mining and Exploration Corporation I TSX:AME I www.amemining.com 21
Basic Shares o/s 39,134,602
Warrants & Options 4,636,654
Share Price C$ (August 1, 2017) $ 0.43
Market Capitalization $16,828,000(o/s shares)
Share Structure
Abacus Mining and Exploration Corporation I TSX:AME I www.amemining.com 22
Copper outlook - deficit
600
500
400
300
200
100
0
-100
-200
-300
Mar
-16
Apr-1
6
May
-16
Jun-
16
Jul-1
6
Aug-
16
Sep-
16
Oct
-16
Nov
-16
Dec
-16
Jan-
17
Feb-
17
Mar
-17
Apr-1
7
Month of Forecast
Wood Mackenzie 2018 Refined Balance
2018 market also moved into deficit
Thou
sand
tonn
es
600
500
400
300
200
100
0
-100
-200
-300 Month of Forecast
Wood Mackenzie 2017 Refined Balance
Thou
sand
tonn
es
Market now in deficit despite lower demand
Source: Teck, Wood Mackenzie
Abacus Mining and Exploration Corporation I TSX:AME I www.amemining.com 23
Copper Production Expected to Decrease
Existing and Fully Committed Mines
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Thou
sand
Ton
nes
ScrapMine Production Projects
SXEWDemand
Slowing copper production
Mine production peaking as replacement projects delayed
Source: Teck, Wood Mackenzie, CRU, ICSG
Uncommitted Projects Increasingly Delayed
12,000
10,000
8,000
6,000
4,000
2,000
0 2018FLast Year
Base
15%in
Base Case
2018F 2020FToday LastYear
Highly Probable
15% 10%in in
Base BaseCase Case
2020F 2022 2022Today Last Year Today
Probable Possible
Thou
sand
Ton
nes
23
Abacus Mining and Exploration Corporation I TSX:AME I www.amemining.com 24
Disruptions Exceeding 5%
20172005 2007 2009 2011 2013 2015 (Mar)
0
-200
-400
2.8%
-600
-8004.1%
-1,000
-1,200
Significant Disruptions in Q1 2017,With Effects Through Q2-Q3 2017
160
140
120
100
80
60
40
20
0
Jan
Feb
Mar Ap
r
May Jun
Jul
Aug
Sep
Oct
Nov
DecTh
ousa
nds
Tonn
es
Mt. Milligan
Grasberg FM
Escondida Strike
Sentinel
Grasberg Export Ban/Strike
Escondida Slow Ramp Up
Constancia
Grasberg Guidance
Los Pelambres
Cerro Verde Strike
Disruptions could total >625kmt
Source: Teck, Wood Mackenzie, CRU, ICSG
Copper mine production – DisruptionsTh
ousa
nds
Tonn
es
24