Mexico’s Polymetallic Powerhouse

Gold, Silver, Copper, Zinc, and Lead in Two Mines with One Vision

RESEARCH REPORT

Campaign Vitals

Mining Success, Delivering Value

Luca Mining (TSX.V: LUCA) is a publicly-traded, cash-generating, growth-focused Canadian mining company operating two high-potential fully operational polymetallic mines in Mexico: Campo Morado in Guerrero and Tahuehueto in Durango. Our diversified production includes gold, silver, copper, zinc, and lead, offering investors exposure to both precious and base metals.

RESEARCH REPORT

Why Invest in Luca Mining?

Two High-Value Assets Driving Growth

Campo Morado – A Cash-Flowing Polymetallic Mine

This property spanning an impressive 121 square kilometres, is home to Luca’s underground operation located in the state of Guerrero, Mexico. This fully operating asset is capable of processing 2,400 tpd, bringing a consistent cash flow to the Company and providing exposure to the precious and base metal markets by producing zinc, copper, lead, silver, and gold. With optimization as one of Luca’s key goals, investors can expect to see a focus on metallurgical improvements to increase metal recoveries.

The Next Big Gold Mine in Mexico

This property spans 75 square kilometres in a prolific mineral belt located in Durango, Mexico. As production nears full scale at 1,000 tpd, annual output is expected to be approximately 40,000 oz AuEq. With at least 12 mineralized zones hosted within a structurally controlled epithermal system, Tahuehueto holds potential for a district-scale discovery.

RESEARCH REPORT

Mexico: A Premier Mining Jurisdiction

Mexico is a global mining powerhouse, ranking as the world’s top silver producer and among the top 10 for gold, copper, and zinc. The country’s pro-mining policies provide a strong legal framework that supports foreign ownership and offers attractive tax incentives, making it a favorable jurisdiction for mining investment. With the USMCA trade agreement, operations in Mexico benefit from tariff-free access to North American markets. Additionally, the country boasts a highly skilled workforce and cost-effective operations, solidifying its status as a top investment location for mining companies.

RESEARCH REPORT

Global Demand for Our Metals

The demand for metals is surging, driven by global economic trends and technological advancements. Gold remains a sought-after safe-haven asset, with central banks increasing their reserves and price forecasts exceeding $3,500 per ounce by 2025. Silver plays a critical role in the green energy transition, powering solar panels and electric vehicles, with demand projected to reach 1.5 billion ounces by 2030. Copper is essential for electrification, EV expansion, and infrastructure growth, with prices expected to surpass $12,000 per tonne by the end of the decade. Meanwhile, zinc and lead continue to be vital for construction, battery production, and renewable energy storage, ensuring their long-term relevance in a rapidly evolving market.

RESEARCH REPORT

The Team

Luca Mining is led by a team of industry experts with decades of experience in finance, mining operations, and exploration. Guided by a strategic vision, our leadership is focused on enhancing operational efficiency, advancing exploration opportunities, and maintaining disciplined financial management. Committed to delivering long-term value, we prioritize growth, cost optimization, and responsible mining practices to maximize returns for our shareholders.

David Rhodes: Chairman and Director

David Rhodes is a seasoned finance professional with over 25 years of experience in the mining sector. He serves as Managing Director at Endeavour Financial, a leading mining financial advisory firm known for its award-winning success in structuring multi-source funding solutions. Endeavour also operates in asset management and insurance development. Before joining Endeavour over 14 years ago, David held senior roles at Standard Bank London, Barclays Capital, and the Royal Bank of Scotland, where he specialized in structuring, syndicating, and securing financing for global mining projects. Having worked in London and New York, he brings extensive international expertise across North and South America, Europe, CIS, and Africa. Over the course of his career, David has facilitated over $18 billion in funding for mining companies worldwide.

Rory Godinho: Director

With over 35 years of capital markets experience, Rory Godinho has a deep understanding of mergers and acquisitions, public and private equity, debt financings, and regulatory compliance. He is a co-founder and financier of E3 Lithium Ltd. (TSXV: ETL), a prominent Canadian lithium resource and technology company. As Co-Chair of Cozen O’Connor’s Canadian Capital Markets and Securities Group, Rory has leveraged his extensive finance network to help multiple publicly listed companies secure substantial growth capital. Cozen O’Connor is a top-tier international law firm ranked among the Amlaw 100. Rory also served as Chair of the TSX Venture Exchange’s National Advisory Committee, further solidifying his expertise in navigating capital markets and regulatory frameworks.

Ruben Alvidrez Ortega: Director

Ruben Alvidrez Ortega is an Industrial Engineer with an MBA from Notre Dame University and extensive experience in corporate and commercial banking operations. His expertise lies in risk management, continuous improvement, and project development, making him a key asset in financial oversight. Over a career spanning more than 25 years, Ruben has held several leadership roles at Citigroup, overseeing operations in both Mexico and the United States. He led large teams, managing corporate banking clients and strategic initiatives, and most recently served as Senior Vice-President of Custody Operations within Citigroup’s corporate segment until February 2020. His expertise in financial controls, risk assessment, and banking operations brings valuable insight into corporate finance and strategic growth initiatives.

Neil O’Brien: Independent Director

Neil O’Brien is an accomplished economic geologist and former mining executive with over 30 years of industry experience. He has held executive and board positions in both public and private mineral exploration companies, contributing his expertise in exploration, project evaluation, and strategic corporate development. With experience spanning six continents, he has been involved in all stages of mineral resource development, from early exploration to feasibility and mining operations. Neil retired in 2018 as Senior Vice President of Exploration and New Business Development at Lundin Mining Corp. He continues to provide consulting services to the mining industry and serves as a non-executive director for several publicly traded companies.

Phil Brumit Sr: Independent Director

Phil Brumit Sr. is a veteran mining executive with over 40 years of experience spanning property evaluation, engineering, project management, construction, and operations. Most recently, he served as Executive Vice President of Projects & Operations at Josemaria Resources Inc. Before that, he was President and Managing Director of Minera Candelaria, Chile, a Lundin Mining subsidiary. Phil’s career includes key leadership roles at Freeport-McMoRan, where he served as President of its African Division and later as a Senior Advisor, focused on the Tenke Fungurume project. His extensive operational and leadership experience makes him a valuable contributor to mine development and resource optimization strategies.

Peter Damouni: Director

Peter Damouni is an experienced corporate and investment banking professional with a 20-year track record in the natural resources sector. He has held executive and board positions for multiple public companies listed on the TSX, TSXV, and LSE, demonstrating strong strategic and financial acumen. Throughout his career, Peter has played a key role in corporate strategy development, including equity and debt financings, restructurings, joint ventures, mergers, acquisitions, and divestitures. His extensive background in capital markets and corporate finance allows him to support the company’s growth, financial structuring, and strategic initiatives in the mining sector.

Join Our Journey

Luca Mining offers a once-in-a-lifetime opportunity in the mining sector. With strong production growth, exploration upside, and a seasoned management team, we deliver sustainable value for investors. We invite you to be part of this exciting journey.

RESEARCH REPORT