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chileanmetals.com

TSXV:CMX

Impact Copper Exploration with Royalty Hedge

TSXV:CMX chileanmetals.com

Disclaimer

2

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.


Why Invest Now?

The discovery curve

Discovery Permitting/Construction Production

Sh

are

Pri

ce

Time

1-2 years 2-3 years 2 years 1-2 years

Speculators Sell

Construction “Orphan”

Period

InstitutionalInvestors

Buy

3

CMX


Markets Have Turned

TSX Venture* from 1990 to Present – Bull & Bear Markets

4

Replace with updated palisade chart

300

250

200

100

50

0

-50

-100

150

Re

turn

(%

)

1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2017

128%814 days

106%307 days

28%251 days

266%1,142 days

222%573 days

63%410 trading days and counting

-31%112 days

-38%245 days

-73897 days -41

422 days

-26102 days

-79408 days

-801,200 days

120%80 days

Normalized Data – Vancouver Stock Exchange, Canadian Venture Exchange, TSX Venture Source: palisadeglobal.com / palisade-research.com, Bloomberg


Why Invest Now?

Credibility of the Discovery Team

Massive Size Potential of Discoveries

Strong CopperBull Market

Probability TeckRoyalty Activated

Multiple Drill Programs in 2017

Hidden Assets

5


Copper Market – 5 year Copper Spot

6

Co

pp

er

Pri

ce (U

SD

/lb

)

4.0

3.5

3.0

1.0

1.5

2012 2013 2014 2015 2016

2.5

2.0

0.5

0

3.08 USD/LB29 Aug ‘17

2017


Copper: why its hot and getting

Copper Demand > SupplyImbalance is increasing

25M

20M

15M

10M

5M

0

Demand Production

Reuters

Renewable energy resources require four to 12-times as much copper as traditional

fossil fuel-based power generation. In Asia alone, technological factor together with

surging demographic growth is predicted to lead to an additional 30.8 million tonnes of

copper demand by 2030.

Copper demand from electric vehicles to be nine

times higher by 2027.

Mining.com

World is going electric

7


Why Logic Drives Probability Teck Activates Copaquire Royalty – The Facts

✓ Teck has advised Que Brada Blanca (QB1) supergene is depleted

✓ Ore mining to stop 2018, production to seize by Mid Year 2019

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

✓ Teck is in midst of planning/building QB2 at cost of $4.7 Billion

✓ 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 midway through 2022

✓ 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

8


✓ 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

Why Logic Drives Probability Teck Activates Copaquire Royalty – The Logic

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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Looking For Giants – Bass River – Zulema


Bass River JV

✓ Signed LOI November 2016 with Tejas Gold (Texas based PE group)

✓ Received 100,000 shares in Tejas and $25,000 Cash

✓ After $400,000 in expenditures on the Bass River (Castlereagh) VTEM target, Tejas earns 35% in the project

✓ Plan is to conduct Pulse EM in Q3 with data modelled by Minotaur Exploration (Australia)

✓ Drilling to commence in Q4

✓ CMX is the Operator and receives a management fee

✓ The Bass River (Castlereagh) VTEM target is largest airborne VTEM anomaly delineated from over 2000 line kilometers of data

✓ Previous drilling to the southwest at Gamble Lake identified lead, zinc and silver mineralization at depth

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Bass River High Priority Targets CDI Results

12


Bass River North PEM Grids over Vtem Targets

13


Next Steps – Bass River North

01

02

03

04

Secure and Finalize Land Access & Permitting – (In Process)

Conduct ground based Pulse Electro-Magnetic (PEM) survey over multiple targets as recommended by Minotaur Exploration - (In Process).

Minotaur Australia to Process / Model Results & provide advice including drill collar coordinates. (November)

Commence Drill Program 2000-3000m (December 2017)

14


Zulema Location

15

30 km

Zulema

Palo Negro

Hornitos

Tierra de Oro

Tabaco

LEGEND

Chilean Metals Property

IOCG Mine

IOCG Belt

Fault

Copper Mine/Deposit


Candelaria is the Model

✓ Candelaria is huge and profitable. It is the world’s second largest “IOCG” deposit (after Olympic Dam, Australia). Pre-mining reserves at Candelaria were 600Mt @0.95% Cu, 0.22 g/t Au, 3.1 g/t Ag2

✓ Orebody is being exploited by low cost, open pit mining

✓ Orebody does not outcrop. It is overlain by 100-200 metres of barren siliceous hornfels and calc-silicate skarn

✓ Copper sulphides occur as stringers, disseminations, breccia in-fillings and mantos

TSXV:CMX chileanmetals.com 16


A Well-Mineralized System

Zulema Project

Reduced-to-poleMagnetic Anomaly

Magnetic High

IP Target

WesternTarget

Historic Holes

Intensely SkarnedHydrothermal Breccia

Programmed

Drilled

Historic Holes

Current Drilling Area

1

2

3

57

6

4

17

8

9


Core Hole - 1.189% Cu, 0.99g/t Au, Skarn contact, Drill Hole “3”

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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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Historic Drill Highlights

Drill Hole From (m.) To (m.) True Width Cu (%) Au (g/t)

Z-03-02 276.00 375.16 99.16 0.24 0.06

Including 276.00 287.00 11.00 0.14 0.04

“ “ 299.00 343.44 44.44 0.06 0.26

“ “ 352.44 375.16 22.72 0.45 0.11

and 466.60 472.20 5.60 0.23 0.33

and 489.60 504.13 14.53 0.24 0.09

Z-03-04 2.00 122.00 120.00 0.10 0.05

and 172.00 249.50 77.50 0.17 0.09

including 172.00 204.00 32.00 0.25 0.14

including 219.00 249.50 30.50 0.15 0.08

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Steps to Discovery

Drilling Confirmed the Presence of IOCG style Mineralization.

Complete Ground based Geophysics including Magnetics and Deep penetrating I.P. (MIMDAS).

Overlay the Geochemistry.

Overlay Geophysical data, Focusing on Areas of Coincident High Conductivity & Magnetic Response.

Prioritize then drill key Targets.1

2

3

4

5

21


Next Steps - Zulema

01

02

03

04

05

Complete and Report on Phase 1 Drilling

Secure Next Stage Funding.

Conduct Ground Geophysical Program – Nov/Dec 2017

Minotaur Exploration (Australia) to model Results,Provide Recommendations Targets Jan 2018

Commence Phase 2 Drill Program - Q1 2018

22


Hidden Assets in Nova Scotia & Chile

23


Experienced Team

Ian Pirie,Ex VP of Projects Inmet Mining

Terry Lynch Board Chairman

Patrick J Cruickshank,MBAPresident & CEO

Gary Lohman, P.Geo.VP Exploration

Dr. Chris Hodgson, P. Eng.

Dr. Tony Belperio, Executive Director, Business Development,

Minotaur Exploration Limited. (Australia)

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http://www.google.ca/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi98MifoPfOAhXGjZAKHVYxCOAQjRwIBw&url=http://www.brrmedia.com/event/123128/dr-tony-belperio-executive-director&psig=AFQjCNFyekn_i1myNV4ZAi-MzrRHfI61ow&ust=1473131394748714


Technical Advisory Committee

Gary Lohman, B.Sc., P. Geo., Director, Committee Chair

✓ Over 30 years of experience in both precious and base metal exploration within the Americas.

Tony Belperio, B.Sc. (Hons), Ph.D., FAusIMM, Committee Member

✓ Executive Director of Business Development for Minotaur Exploration Limited, Australia.

✓ Played a key role in the exploration program that led to the discovery of the Prominent Hill mine, 130 kilometers northeast of Olympic Dam, South Australia.

✓ Awarded the University of Adelaide's Tate Memorial Medal, the Geological Society of Australia's Stillwell Award in 1993, AMEC's Prospector of the Year (jointly) in 2003.

✓ and received the Bruce Webb Medal by the South Australian Division of the Geological Society of Australia in 2010 for his contributions to Earth Science.

Chris Hodgson, Ph.D. P. Eng. (B.C.), Consultant

✓ Served as Vice President of Exploration at International PBX Ventures Ltd until April 6, 2016.

✓ Previous positions included Chief Geologist Amax Exploration, Vice President of Exploration of Canamax Resources, Exploration Manager Canada Tungsten and Minera Inmet(Chile).

✓ Mr. Hodgson is credited with the early recognition of the Santo Domingo IOCG (iron oxide-copper-gold) deposit in Chile.

Ian Pirie

✓ Senior mining executive who held various positions including General Manager, Latin America for Inmet Mining Corporation.

✓ Responsible for the acquisition and development of the Antamina project, Peru.

✓ Responsible for the development of Cobre Las Cruces in Spain and the Cobre Panama project in Panama.

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Strategy - Execution

Objective CMX- Next Steps

01

02

03

04

05

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

Zulema – I.P./Mag/Geochem - Q4 2017

Bass River –Geophysics / Drill- Nov 2017- Jan 2018

Monitor Teck developments at Copaquire

Get analyst newsletter coverage and support IR program

Ensure structure optimizes our assets.

Zulema Drill Program - Q1 2018

02

03

04

05

07

06

01

26


Capital Structure

Market Information (As of Oct 16, 2017)

Total Shares Issued 85,836,055

Fully Diluted 101,384,307

Warrants Issued 8,348,252

Options Issued 7,200,000

52 Week Low $0.07

52 Week High $0.33

Exchange Market Traded

Toronto (TSX-V) Symbol “CMX”

Santiago (SSE) Symbol “CMX”

USA (OTCQB) Symbol “CMETF”

MILA Symbol “CMX”

FRA Symbol “IVV1”

27

chileanmetals.com

TSXV:CMX

Impact Copper Exploration with Royalty Hedge

impact copper exploration with royalty hedgeonthegroundgroup.com/documents/chilean metals.pdf ·...

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