Developing Canada's Premier Copper-Gold Mine | Western Copper and Gold

Investor Kit

PRELIMINARY ECONOMIC ASSESSMENT ON CASINO

NPV

$2.33 B

AFTER-TAX (8%)

IRR

19.5%

AFTER-TAX

STRIP RATIO

0.38:1

LOM

PAYBACK

3

YEARS

LOM CASH FLOW

$12 B

AFTER-TAX

MINE LIFE

47

YEARS

The cashflow and mine life are for ‘Phase I + Phase II Development'

C$25.6 Million Strategic Investment

OWNING APPROXIMATELY 8.0%

PRESENTATION

WRN Technical Presentation

REPORT

PEA release