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CORPORATEPRESENTATIONMAY2017
TSX-V:ATY|OTC:ATCMF|ATICOMINING.COM 1
TSX-V:ATY|OTC:ATCMF|ATICOMINING.COM
CAUT IONARY NOTES AND QP
Certain statements in this presenta-on cons-tute forward-looking statements and as such are based on anassumed setofeconomic condi-onsandcoursesof ac-on.These includees-matesof futureproduc-on levels,expecta-ons regardingmine produc-on costs, expected trends in mineral prices and statements that describeA-coMiningCorpora-on’sfutureplans,objec-vesorgoals.Thereisasignificantriskthatactualresultswillvary,perhapsmaterially, fromresultsprojecteddependingonsuchfactorsaschanges ingeneraleconomiccondi-onsand financial markets, changes in prices for silver and other metals, technological and opera-onal hazards inA-co’sminingandminedevelopmentac-vi-es,risksinherentinmineralexplora-on,uncertain-esinherentinthees-ma-onofmineral reserves,mineral resources,andmetal recoveries, the-mingandavailabilityoffinancing,governmentalandotherapprovals,poli-calunrestorinstabilityincountrieswhereA-coisac-ve,labourrela-onsandotherriskfactors.TheCompanyhasnotbaseditsproduc-ondecisionsandongoingmineproduc-ononmineralreservees-mates,preliminaryeconomicassessmentsorfeasibilitystudies,andhistoricallysuchprojectshaveincreaseduncertaintyandriskoffailure.Mineralresourcesthatarenotmineralreservesdonothavedemonstratedeconomicviability.Dr.DemetriusPohl,PhD,istheQualifiedPersonforA-co,asdefinedbyNa-onalInstrument43-101.Dr.Pohlwasalso responsible forensuring that the informa-oncontained in thispresenta-on isanaccurate summaryof theoriginalreportsprovidedtoA-coandhasapprovedthescien-ficandtechnicalcontentofthispresenta-on.
NON-GAAPFINANCIALMEASURESCashcostperpoundofpayablecopperproducedandcashcostpertonneofprocessedorearekeyperformancemeasuresthatmanagementusestomonitorperformance.Inaddi-on,cashcostsareanindustrystandardmethodofcomparingcertaincostsonaperunitbasis;however,thesedonothaveastandardizedmeaningandmaydifferfrommethodsusedbyothercompanieswithsimilardescrip-ons.Managementbelievesthatcertaininvestorsusethesenon-GAAPfinancialmeasurestoevaluatetheCompany’sperformance.Theseperformancemeasureshavenomeaningunder IFRSand,therefore,amountspresentedmaynotbecomparabletosimilardatapresentedbyotherminingcompanies.
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AT ICO MIN ING CORPORAT ION Companysnapshot
MANAGEMENT&DIRECTORS
STRATEGY
ELROBLEMINE,COLOMBIA
SHARESTRUCTURE
CASHBALANCE*
*AsofDecember31st,2016
§ ~18%foundinggroup§ ~49%ins-tu-onalshareholders§ ~33%retailshareholders
§ Successfultrackrecordcrea-ngshareholdervalue
§ Industryexper-seandextensiveregionalnetworkinLa-nAmerica
§ Buildaleadingmid--erCu-Auproducerthroughorganicgrowthandacquisi-ons,focusedonhighmarginopera-onsinLa-nAmerica
§ 90%Ownershipofproducingmineandsurroundingclaims§ ElRoblehasminedhighgradeCu-Aumaterialforover30years§ M&Iresourceof1.87Mtat3.46%Copper,2.27g/tGold§ 6,679hectarecon-guousunderexploredlandpackagewith10kilometerfavorablegeologicalcontactzoneprospec-veforVMSmineraliza-on
§ US$3.6million
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TSX-V:ATY|OTC:ATCMF|ATICOMINING.COM
2016 2017
CAP ITAL STRUCTURE Tightsharestructure
TSX.V ATYOTC ATCMFSharesoutstanding 98.2millionOp-onsoutstanding 7.8millionFullydiluted 105.9million
TopinsXtuXonalshareholdersü Ingalls&Snyderü Frontdealü ResourceCapitalFundsü Gold2000
InsXtuXonalcoverageü PIFinancialü M-Partners
InsXtuXonalwatchlistü Canaccordü EightCapitalPartners
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ATY.Vsharepriceperformance
TSX-V:ATY|OTC:ATCMF|ATICOMINING.COM
FernandoE.Ganoza,B.Sc.Engineering,MBAChiefExecuXveOfficerandDirectorFernandoisaMiningEngineerwithover15yearsofmanagementexperienceinLa-nAmericaincludingkeyrolesinthedevelopmentofminesinPeruandMexicoasProjectManagerandCountryManagerforCanadianbasedproducerFortunaSilverMines.
JorgeR.Ganoza,B.Sc.EngineeringPresidentandDirectorJorgehasover40yearsexperienceinLa-nAmericanminingindustryholdingseniorleadingrolesinthefoundinganddevelopmentofprivateandpublicminingcompanies.
JosephA.Salas,B.Sc.GeologicalEngineeringSr.ExploraXonManagerJosephhasover20yearsexperienceinexplora-on,minegeology,projectevalua-onanddevelopmentwithvastexper-seingold-copperandcopper-molybdenumporphyriesinColombiaandPeru.
BillTsang,CPA,CAChiefFinancialOfficerBillisaCharteredProfessionalAccountantwithmorethan10yearsoffinancialaccoun-ngandaudi-ngexperienceinthemineralexplora-onandminingindustry.
MANAGEMENT SuccessfultrackrecordinLaXnAmerica
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D IRECTORS SuccessfultrackrecordinLaXnAmerica
LuisD.Ganoza,B.Sc.Engineering,MBA,M.ScChairmanoftheBoardLuis holds theposi-onof Chief FinancialOfficer inFortuna Silver Mines Inc. and has over 12 yearsexperience in the financial management of publicminingcompanies.
FernandoE.Ganoza,B.Sc.Engineering,MBAChiefExecuXveOfficerandDirectorFernandoisaMiningEngineerwithover15yearsofmanagementexperienceinLa-nAmerica includingkeyroles inthedevelopmentofmines inPeruandMexico as Project Manager and CountryManagerforCanadianbasedproducerFortunaSilverMines.JorgeR.Ganoza,B.Sc.EngineeringPresidentandDirectorJorge has over 40 years experience in La-nAmerican mining industry holding senior leadingroles in the founding and development of privateandpublicminingcompanies.Previously to joiningA-co, Mr. Ganoza held the posi-on of VP ofOpera-onsinFortunaSilverMinesInc.
MarioSzotlenderDirectorMario, co-founder of Fortuna Silver Mines, isalso a Director of Radius Gold Inc. andEndeavourSilverCorp.
MichaelWinnDirectorMichael has over 20 years experience in theresourcesector,andisthePresidentofSeabordCapitalCorp.whichprovidesinvestmentanalysisandfinancialservicestocompaniesopera-ngintheenergyandminingsectors.LuisF.SáenzDirectorMr. Sáenz is a finance execu-ve with over 20years experience in mining finance and metalstradingwithafocusonLa-nAmerica.
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GROWTHSTRATEGY Focusedonmedium-sizedhighgradeCu-AuassetsinLaXnAmerica
§ Evaluatemedium-sizedadvancedexplora3onopportuni3esinColombia(VMSandcentralCu-Autrend),Peru(southerncopperbelt)andChile(northerncopperbelt)
§ Acquiremid-sizeprivateorpublicsmallscaleproducingmineswithexplora-onpoten-al
§ Focusonsustainableorganicgrowthatcurrentopera-on
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E L ROBLE MINE , COLOMBIA
§ ElRoblemineistheonlyCu-AuVMSdepositinproduc-oninColombia
§ 3.5hoursawayfromthecityofMedellinviapaved145kilometerhighway
§ Powergrid,abundantwaterandminefacili-esonsite
ExcellentlocaXonandmineinfrastructure
ElRobleMine
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E L ROBLE MINE , COLOMBIA InproducXonforover30years
LocaXon CarmendeAtrato,Colombia
Ownership 90%
Typeofdeposit Mafic-typeVolcanicMassiveSulphide
CommodiXes Cu,Au,Ag
Processing Standardgrinding,millingandflota-oncircuit
OperaXon 800tpdundergroundmine
EndProduct Cu(+Au,Ag)Concentrate
M&IResource 1.87Mtat3.46%Copper,2.27g/tGold
800tpdprocessingfacility
*
*
* Duringtheop:ontermanduptoNovember22nd2013,theCompanywasnotresponsibleforminingorforresourcedevelopmentandgainednoincomefromtheminingopera:ons
**TheCompanyisbasing2017guidanceonyearendedDecember31,2015financialandproduc:onresults.
PleaserefertoCau:onaryNoteonForwardLookingStatementsatthebeginningofthisdocument.
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**
**
1,412
9,07912,044
18,724
543%
33%
55%
02,0004,0006,0008,00010,00012,00014,00016,00018,00020,000
2013 2014 2015 2016 2017
(000s)lbs
CopperProducXon
2,297
9,53810,994 11,159315%
15%
2%
0
2,000
4,000
6,000
8,000
10,000
12,000
2013 2014 2015 2016 2017
oz
GoldProducXon
TSX-V:ATY|OTC:ATCMF|ATICOMINING.COM
E L ROBLE MINE , COLOMBIA ProducXonSummary 2013* 2014 2015 Q22016 Q32016 Q42016 2016 Q12017
ProducXonCopper(000slbs) 1,412 9,079 12,044 4,786 4,515 5,146 18,724 5,046
Gold(ounces) 2,297 9,538 10,994 2,948 2,813 2,832 11,519 2,550
MineTonnesmined 69,901 139,154 179,995 63,112 63,112 64,314 244,717 63,468
MillTonnesprocessed 69,895 133,332 178,095 64,246 61,886 62,870 242,717 62,885
Tonnesprocessedperday 303 462 638 814 766 790 788 810
Coppergrade(%) 1.07 3.37 3.26 3.63 3.48 3.92 3.71 3.89
Goldgrade(g/t) 1.56 3.3 2.78 2.20 2.08 2.19 2.17 1.92
RecoveriesCopper(%) 89.6 91.4 94.1 93.0 94.6 94.7 94.2 93.5
Gold(%) 65.2 66.9 69.2 65.0 67.9 63.8 66.1 65.8
ConcentrateCopperandGoldconcentrates(dmt) 3,294 19,418 29,024 10,718 10,221 10,881 41,494 10,566
Payablecopperproduced(000slbs) 1,341 8,625 11,428 4,547 4,312 4,887 17,776 4,790
CashCostperpoundofpayablecopperproduced(1) N/A 0.82 1.00 0.96 1.35 1.19 1.10 TBA
*Duringtheop:ontermanduptoNovember22nd2013,theCompanywasnotresponsibleforminingorforresourcedevelopmentandgainednoincomefromtheminingopera:onsNote:Metalproduc:onfiguresaresubjecttoadjustmentsbasedonfinalsePlement(1) Netofby-productcredits(refertonon-GAAPFinancialMeasures)
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E L ROBLE MINE , COLOMBIA Majorscale-upcomponentscompletedtoachieve800tpd
NewtailingsfacilityEntrancetonewlevel1880adit
§ Firstandsecondphaseofthenewtailingsfacilitycompleted
§ Facilitybuilttointerna-onalstandards
§ Thirdphaseconstruc-onwillcommenceasrequiredbyopera-onalneeds
§ Fivebyfive,830meteradit
§ Directaccesstothenewlydiscoveredresources
§ Improvedundergrounddrillaccess
§ Capacitybeyond800tpd
800tpdprocessingfacility
§ Upgradestothecrushingandmillingcircuitincludinganewconecrusherandstrongerballmillmotors
§ Addi-onalflota-oncells
§ Upgradestothethickenerandvacuumdrumfilter
§ Newonsitelab
ADIT TAILINGSFACILITY PROCESSINGFACILITY
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EXPLORAT ION PROGRAMMineoverviewfromArchietarget
AdministraXveoffices
Mill
Coreshack
TailingsdaminremediaXon
ElRobleMine,Colombia
New1880adit
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E L ROB L E M INE V I C IN I T Y E XP LORAT ION PROGRAM Resourceupdatecompleted
Undergrounddrilling
§ HighCu-Augradesdefinedbelowthe2000metereleva-on,previousoperator’slowestproduc-onlevelatthecurrentlyproducingmine
§ Measuredandindicatedresourceof1.87Mtat3.46%Copper,2.27g/tGoldand8.87g/tSilverusingacut-offgradeof0.93%CuEq
§ Poten-altofurtherincreaseresourceattheElRoblemineasmineraliza-onisopenalongstrikeandatdepth
Coreshack
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E L ROB L E M I N E V I C I N I T Y E X P LORA T I ON P ROGRAM
Highgrademassivesulfidediscovered
ElRobleLongSecXon
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E L ROB L E M I N E V I C I N I T Y E X P LORA T I ON P ROGRAM
HighgrademineralizaXonconXnuesatdepth Intercept(m)
Body HoleID From To Interval(m) Cu(%) Au(g/t) Ag(g/t)Goliath ATDHR-01 109.2 151.0 41.7 6.54 1.82 7.43
Including 109.2 111.0 1.7 9.00 4.81 22.2 121.0 123.0 2.0 6.87 10.27 11.4 125.0 141.0 16.0 7.13 1.00 3.87 143.0 145.0 2.0 14.85 0.91 15.15
ATDHR-12 113.9 132.1 18.15 10.30 2.10 6.59Including
113.9 118.0 4.10 11.06 6.46 17.57120.0 122.0 2.00 15.91 0.78 3.23122.0 126.0 4.00 17.45 1.06 3.94
ATDHR-20 128.0 148.4 20.40 5.25 1.28 6.16
Maximus ATDHR-04 61.0 102.0 41.0 6.49 17.57 13.26Including 75.0 85.0 10.0 3.00 3.59 12.77
85.0 95.0 10.0 18.40 8.63 19.29 95.0 97.0 2.0 3.92 250.0 21.2 97.0 102.0 5.0 6.05 7.21 13.20
ATDHR-05 70.0 79.0 9.0 2.50 2.31 16.17Including 75.5 77.0 1.5 3.81 9.41 145.5
77.0 78.0 1.0 10.82 1.60 0.00ATDHR-17 71.8 160.5 88.70 5.41 2.48 10.83Including
71.8 75.2 3.40 11.50 7.22 13.77100.3 104.1 3.80 7.17 3.89 18.20141.1 149.5 8.45 12.96 1.09 12.70
Zeus ATDHR-26 144.0 263.7 119.7 6.89 6.26 16.50Including 145.8 156.3 10.43 11.68 14.14 33.83ATD-0003 158.8 245.20 86.4 5.04 3.71 8.69ATD-0004 155.7 225.75 70.1 6.26 1.85 7.93Including 186.4 225.75 39.53 7.50 1.31 5.67ATDHR-28 242.8 292.0 49.20 4.11 2.32 6.36Including 257.4 266.5 9.12 6.69 1.71 7.07
2012-15ExploraXonHighlights
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E L ROB L E M INE D I S TR I C T E XP LORAT ION UPS ID E
§ 6,679con-guoushectarepropertywithlimitedandintermipentexplora-onoverthepast40years
§ 10,000metersofdrillingbyKennecopandNipetsuattheminevicinitytodefinethehistoricalresources(1982-1986)
§ Con-nuousexplora-onprogramsbyA-cooverthepast5years,havedefined16regionaldrilltargets.
PastexploraXonprogramsfocusedonminevicinity
ElRoblemineandsurroundingclaims
ElRobleMineVMSwithaMeasuredand
Indicatedresourceof1.87Mt3.46%Cu,2.27g/tAuand8.00
g/tAg
ZeusmassivesulfideCoreshownfromhole26:119mof6.9%Cu,6.3g/tAu
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E L ROB L E M INE D I S TR I C T E XP LORAT ION UPS ID E
§ A-coiden-fiedandmappeda10kmstra-graphiccontactbetweenbasaltflowsandpelagicsedimentsthatcontrolmineraliza-on
§ Geochemicalprogram(1)andgeophysicalsurveys(2)haveoutlinedmul-pleVMStargetsoverthe10kmfavorablecontact
§ Only3of15districtgeochemicaltargetshavehadpreliminarydrilltes-ng;Archie,SanLorenzoandSantaAnita
§ A-coplanstocon-nuedrillingattheSantaAnitatargetandtodrilltestatleast2newtargetsin2017
§ Poten-alformoretargetstobediscoveredduringdistrictexplora-onoftheheavilyvegetatedterrain
PotenXaltodiscoveraddiXonalVMSbodies
(1)Geochemicalprogramcorrespondstorockchipandsoilsampling(2)GeophysicalsurveysconductedincludeIP,VTEM,magne-csurvey,
gravityanddown-holeEMGeologicalmapoffavorablecontactwithinElRobleclaims
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INVESTMENT H IGHL IGHTS Buildingaleadingmid-XerCu-Auproducer
ü Proventeamofminedevelopersandmineoperators
ü Industryexper-seandregionalnetworkü Focusedondevelopingandopera-nghighmarginmid-
sizedCu-Audeposits
ü Inproduc-onandgenera-ngcashflowatElRoblemine
ü UpsideatElRoblemine’sunderexploredlargelandpackagewithmul-plegeochemicalandgeophysicalVMSanomalies
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CORPORATEOFFICESuite501–543GranvilleSt.VancouverBCV6C1X8T:+1.604.633.9022
CONTAC T I N FORMAT I ON
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APPENDIX
ElRoblemineanalystvisit
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E L ROB L E M INE V I C IN I T Y E XP LORAT ION PROGRAM ResourceEsXmateTable
Note:1. Themineralresourcees-mateupdatewaspreparedinaccordancewiththedefini-onsintheCanadianNa-onalInstrument43-101andbasedondatafrom
230drillholestotaling27,945meterscompletedbyA-co,during2010anduptoJune2015.2. MineralResourcesareasdefinedbyCIMDefini:onStandardsonMineralResourcesandMineralReserves;3. TheElRobleminecurrentlycontainsnoMineralReserves;4. MineralResourcesthatarenotMineralReservesdonothavedemonstratedeconomicviability;5. Therearenoknownlegal,poli-cal,environmentalorotherrisksthatcouldmateriallyaffectthepoten-aldevelopmentoftheMineralResourcesatElRoble;6. ElRobleMineralResourcesarees-matedandreportedasofJune30,2015;7. ElRobleMineralResourcesarees-matedandreportedataCuEquivalentof0.93%Cu,withCuEquivalentin%usingaCupriceofUSD$6,172/tonneCu
metalandUSD$1,200/tr.Oz.Auandcopperandgoldrecoveriesof93.5%and73%,respec-vely;8. Totalsmaynotaddduetoroundingprocedures.
ContainedMetal
CuEqCutoff(%)
Tonnes(000)
CuEq(%)
Cu(%)
Au(g/t)
Ag(g/t)
CuLbs(000)
Auoz(000)
Agoz(000)
MeasuredResources
0.93% 791 4.94 3.68 2.61 10.06 64,189 66 256
IndicatedResources
0.93% 1,074 4.27 3.29 2.02 8.00 78,023 70 276
[email protected]%CuEq.
0.93% 1,865 4.55 3.46 2.27 8.87 142,212 136 532
InferredResources
0.93% 255 4.75 4.1 1.34 5.21 23,042 11 43
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VMS DEPOS ITS Typicallyoccurinclusters
VMSDeposit
§ Volcanogenicmassivesulfidemineraldepositsareformedatornearthesea-floorbyvolcanicac-vity
§ VMSdepositsgenerallyoccurinclusters;raretofindjustasingledeposit
§ Over1,000knowndepositsfrom<1Mttoover300Mt,averagesize2.87Mttonnesof1.82%Cuand1.4g/tAu
§ Itispossibletoes-matethesizeandgradeoffuturediscoveriesinadistrictbasedontheknowndistribu-onofVMSdeposits
§ ColombiarepresentsanewVMSprovinceinSouthAmerica.
VMSdepositstypicallyoccurinclusters
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E L ROBLE MINE EXPLORAT ION UPS IDE
§ Mappingofmainlithologiesfor10kilometersthroughtheElRoblepropertythatcontrolmineraliza-on-stra-graphiccontactbetweenbasaltflowsandpelagicsediments
§ Wellunderstoodoccurrenceofmineraliza-oninfavorablelithology
§ Knowledgegainedfrommineinformsregionalexplora-on
§ Structuralcontrolss-llneedtobebeperunderstood
Wellunderstoodgeologicalmodel
SchemaXcRegionalConceptSecXon
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