Tesla Energy rEVolution And The Golden Age For Copper: Kirill Klip GEM Royalty TNR Gold Copper Presentation

1. Back Into The Future
Copper & Tesla Energy rEVolution:
Red Metal Goes Green.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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2. Energy rEVolution
The World Just Before The INTERNET
The future is already here, not everybody can see it yet.
Technology to stop burning oil is here and it is beautiful.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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3. Back Into The Future
The future is already here, not everybody can see it yet, but
megatrends are manifesting themselves. rEVolution.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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4. Legal Disclaimer
All information about McEwen Mining presented using
publicly available data.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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5. Legal Disclaimer For The US
Please read legal disclaimers. There is no investment advice in this
presentation. Always consult your qualified financial adviser.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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6. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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7. Copper Majors Look At Los Azules
Rob McEwen: “Attention from Vale SA, Anglo American
and Barrick Gold”
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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8. TNR Gold Holds NSR
Royalty on
Los Azules, Argentina
McEwen Mining
8
Kirill Klip GEM Royalty TNR Gold
Copper April 2022

9. TNR Gold Corp.
Northstar: TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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10. Copper Powered By rEVolution
The future is already here, not everybody can see it yet, but
megatrends are manifesting themselves. rEVolution.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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11. Copper Powered By rEVolution
The future is already here, not everybody can see it yet, but
megatrends are manifesting themselves. rEVolution.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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12. Copper Powered By rEVolution
The future is already here, not everybody can see it yet, but
megatrends are manifesting themselves. rEVolution.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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13. Copper Powered By rEVolution
The future is already here, not everybody can see it yet, but
megatrends are manifesting themselves. rEVolution.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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14. Copper $7/lb?
Powered By rEVolution
Northstar: “Copper - Next Stop Is Over $7/lb”
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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15. Copper $12/lb?
Powered By rEVolution
Patrick Karim: “Copper’s Next Move UP”
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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16. Clean Air
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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17. DIEselGate
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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18. Electric Cars: Safety & Personal Freedom
Electric Cars provide health safety, personal freedom
and reduce carbon footprint.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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19. Electric Cars Are Cleaner Than ICE
By 2019, lifecycle EV emissions were around 3 times
lower than ICE conventional car.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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20. Electric Cars Are Cleaner Than ICE
Lifecycle greenhouse gas emissions: ICE conventional
vs. Tesla (US battery).
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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21. Electric Cars Are Cleaner Than ICE
CleanTechnica: Tesla Model 3 lifetime emissions are
65% less than Mercedes C class.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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22. Energy rEVolution
The World Just Before The INTERNET
“Maximum Plaid” of Tesla Roadster: Elon Musk has
demonstrated the potential of Electric Cars.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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23. Oil Used To Be Very Big
Oil was still very big in 2019, but thanks to rEVolution
Energy Security was not only about oil anymore.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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24. Energy rEVolution
The World Just Before The INTERNET
The future is already here, not everybody can see it yet.
Technology to stop burning oil is here and it is beautiful.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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25. Oil Used To Be Very Big
Tesla’s market cap overtakes the entire energy sector.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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26. Oil Used To Be Very Big
Elon Musk Overtakes Exxon.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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27. The End of The ICE Age &
Oil Domination
For centuries we have been burning things just to get some energy.
It has been mostly Oil for the last 100 years.
Not Anymore.
We do not have to burn things.
Electricity is the most efficient form of Energy known to humans.
And now we can Store It and USE IT When We Want.
Cheap Lithium Batteries Change Everything.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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28. Tesla Model S
Before we had the best Electric Cars & affordable EVs.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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29. Tesla Model 3
Before we had the best Electric Cars & affordable EVs. Now
we have the first best & more affordable Electric Cars.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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30. The End Of The ICE Age
Tesla Model S was an earthquake, followed by tsunami
of Model 3. Model Y will end The ICE Age.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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31. The End Of The ICE Age
Tesla Model S was an earthquake, followed by tsunami
of Model 3. Model Y will end The ICE Age. On the roads.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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32. Tesla 2021
Tesla Vehicles Deliveries 2008 - 2021.
Kirill Klip GEM Royalty TNR Gold
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33. Tesla 2021
Tesla Vehicles Deliveries 2008 - 2021.
Kirill Klip GEM Royalty TNR Gold
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34. Tesla 2021
Tesla Vehicles Deliveries 2012 - 2021.
Kirill Klip GEM Royalty TNR Gold
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35. Tesla 2022
Tesla delivers record-shattering 310,048 cars in Q1 2022.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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36. Tesla 2022
Tesla delivers record-shattering 310,048 cars in Q1 2022.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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37. All Legacy Autos Are Still Behind
All legacy automakers are still behind Tesla.
(Chart by Holger Zschaepitz)
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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38. Tesla 2021
Tesla vs. Legacy Automakers.
Kirill Klip GEM Royalty TNR Gold
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39. Tesla And Competition
Tesla Team have concentrated on EVs production
execution to justify its valuation.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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40. Tesla And Competition
Volkswagen accelerates battery EV production.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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41. Tesla Semi
Tesla Semi is testing new limits for Electric Cars
technology.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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42. Cheaper Lithium Batteries Change
Everything
Advanced materials are the base of Energy rEVolution.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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43. Cheaper Lithium Batteries Change
Everything
Advanced materials are the base of Energy rEVolution.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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44. Total Cost Of Ownership Is Lower
With EVs
CleanTechnica: “Large auto leasing company - Electric
Cars have mostly lower total cost In Europe”
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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45. Total Cost Of Ownership Is Lower
With EVs
BNEF: “Light electric vans and trucks are already
competitive in some markets”
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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46. Maintenance Is Lower With EVs
CleanTechnica: Electric Cars repair and maintenance
cost is 50% lower than ICE cars.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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47. Maintenance Is Lower With EVs
Energy.gov: Electric Cars maintenance cost is lower
than ICE cars.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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48. EV & ICE Car Cost Parity
We are closing on EV & ICE car cost parity.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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49. EV & ICE Car Cost Parity
We are closing on EV & ICE car cost parity.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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50. EV & ICE Cost Parity
T&E: “EVs will be cheaper than fossil-fuel vehicles in
Europe by 2025-2027”
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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51. Tesla Battery Day
Tesla: We are closing on EV & ICE car cost parity.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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52. Tesla Battery Day
Tesla: We are closing on EV & ICE car cost parity.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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53. EV & ICE Car Cost Parity
Tesla: We are closing on EV & ICE car cost parity.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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54. Tesla Ahead Of The Curve
Catalyst: Elon Musk talks about Lithium cells cost &
battery packs below $100 per kWh.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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55. Tesla Ahead Of The Curve
Catalyst: Elon Musk talks about Lithium cells cost &
battery packs below $100 per kWh.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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56. The End Of The ICE Age
Tesla $25,000 Electric Car.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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57. The End Of The ICE Age
Tesla $25,000 Electric Car.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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58. Tesla Energy rEVolution
Tesla’s rEVolution contribution.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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59. Tesla Energy rEVolution
Electric Cars are coming much faster than a lot of
people are anticipating it.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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60. Tesla Energy rEVolution
Electric Cars are coming much faster than a lot of
people are anticipating it.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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61. Not Just Tesla Anymore
S&P: “Automakers’ investments in net-generation
vehicles to exceed $500B by 2030”
Kirill Klip GEM Royalty TNR Gold
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62. The Switch: Mass Market For EVs
Now all automakers are rushing to catch up with Tesla.
Kirill Klip GEM Royalty TNR Gold
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63. The Switch: The End Of The ICE Age
China’s ICE engines passenger vehicles sales
collapsed.
Kirill Klip GEM Royalty TNR Gold
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64. The Switch Flipped
Electric Cars are forecast to account for all the growth
in passenger vehicles sales from 2023.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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65. Mercedes Kills ICE Engines
Daimler stops developing new generations of ICE
engines and will concentrate on electric powertrains.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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66. The Switch Flipped
Global sales of traditional fuel-powered cars and trucks
may have already peaked.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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67. The Switch Flipped
EV sales to grow on price parity, new models.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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68. The Switch Flipped
EV sales to grow on price parity, new models.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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69. Electric Surge
Bloomberg: “DIEsel is being eclipsed by Electric Cars in
Europe”
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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70. Global Electric Vehicles Sales
BNEF: EV sales are surging.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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71. The Time To Sell A Million EVs
The time to sell a million EVs is shortening.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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72. Global Electric Vehicles Sales
Statista: “Global Electric Car Sales 6.6M”
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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73. Global Electric Vehicles Sales
BNEF: “Global passenger EVs sales by drivetrain”
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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74. Global Electric Vehicles Sales
BNEF: “Global passenger EVs sales by region”
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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75. Global Electric Vehicles Sales
BNEF: “Global EV Sales”
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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76. Global Electric Vehicles Sales
Bloomberg: “Passenger EVs sales as a percentage of
total sales, quarterly”
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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77. Global Electric Vehicles Sales
Schmidt: “Every ninth new passenger car was a pure
electric model in Western Europe in 2021”
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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78. Global Electric Vehicles Sales
EV Connect: “Global EVs Sales”
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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79. Global Electric Vehicles Sales
Statista & Forbes: “EVs Market to Hit Ludicrous Mode ”
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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80. Global Electric Vehicles Sales
US Funds & BloombergNEF: “Global EVs Sales Projected
to Surpass 50 million by 2038”
Kirill Klip GEM Royalty TNR Gold
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81. Global Electric Vehicles Fleet
Cumulative global passenger EV sales – 10.2M sold by
2021, 16.7M sold by 2022.
Kirill Klip GEM Royalty TNR Gold
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82. Norway Electric Cars Sales
Electric Cars sales in Norway.
Kirill Klip GEM Royalty TNR Gold
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83. Norway Electric Cars Sales
Electric Cars sales in Norway.
Kirill Klip GEM Royalty TNR Gold
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84. My 20/200 Formula
The Switch: we are getting there - mass market for EVs
USD$20k buys you BMW 2 style EV with 200 miles range.
Kirill Klip GEM Royalty TNR Gold
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85. China Bets On Electric Cars
Projected percent composition of passenger vehicles in
China over the next two decades.
Kirill Klip GEM Royalty TNR Gold
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86. China Electric Cars Acceptance
About one-third of all car sales in Shanghai are EVs.
Kirill Klip GEM Royalty TNR Gold
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87. China Electric Cars Sales
China: 3.3 million EVs sold in 2021 - up 154% from 1.3
million EVs sold in 2020! (ZoZo Go)
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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88. China’s State Grid Is
Getting Ready For 100
Million Electric Cars By
2030
Can We Reach 200 Million EVs Globally
By That Time?
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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89. China Electric Cars Sales
China: 3.3 million EVs sold in 2021 - up 154% from 1.3
million EVs sold in 2020! (ZoZo Go)
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
89

90. Tesla Comes To China
Shanghai welcomes Elon Musk and Tesla Gigafactory 3.
Transfer of technology is unavoidable.
Kirill Klip GEM Royalty TNR Gold
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91. Tesla Gigafactory 3, China
Tesla’s $2B China Gigafactory covers the size of 121
football pitches, aimed to make 3k EVs a week.
Kirill Klip GEM Royalty TNR Gold
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92. Tesla Gigafactory 3, China
Tesla’s $2B China Gigafactory: “machine is building
machines”, reached 8k EVs a week capacity in 2020.
Kirill Klip GEM Royalty TNR Gold
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93. Tesla Gigafactory 4, Germany
Germany welcomes Tesla Gigafactory 4!
Kirill Klip GEM Royalty TNR Gold
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94. Tesla Gigafactory 4, Germany
Tesla comes to the motherland of the iconic legacy
automakers and will keep them on their toes.
Kirill Klip GEM Royalty TNR Gold
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95. Tesla Gigafactory 5, Texas!
Tesla selected Texas as location for its Cybertruck
Gigafactory 5.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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96. Tesla Gigafactory 5, Texas!
Tesla selected Texas as location for its Cybertruck
Gigafactory 5.
Kirill Klip GEM Royalty TNR Gold
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97. Rivian
New players are coming in. Rivian is backed by
Amazon and Ford.
Kirill Klip GEM Royalty TNR Gold
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98. Hummer
GM launches Electric Hummer.
Kirill Klip GEM Royalty TNR Gold
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99. Ford F-150 Electric
Ford launches Electric F-150 Lightning.
Kirill Klip GEM Royalty TNR Gold
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100. Tesla Energy rEVolution
We must stop burning oil. Solar and Wind.
Electricity.
Kirill Klip GEM Royalty TNR Gold
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101. Green Energy: Clean Equals Cheap
All-in cost for clean energy plus storage is getting
cheaper.
Kirill Klip GEM Royalty TNR Gold
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102. Green Energy: Clean Equals Cheap
All-in cost for clean energy plus storage is getting
cheaper.
Kirill Klip GEM Royalty TNR Gold
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103. Green Energy: Clean Equals Cheap
All-in cost for clean energy plus storage is getting
cheaper.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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104. Renewable Energy
Renewable energy share of annual capacity
expansion.
Kirill Klip GEM Royalty TNR Gold
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105. EVs & Mining
Mining makes the cars of today and tomorrow possible.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
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106. Battery Metals Boom
BNEF: “Rising EV demand supercharges demand
forecast for a group of metals”
Kirill Klip GEM Royalty TNR Gold
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107. Battery Metals Investments
The metal needed to support a 2-degree trajectory
would require over $1T investments.
Kirill Klip GEM Royalty TNR Gold
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108. How To Cross Digital Divide And
Finance Tesla rEVolution?
Capital is coming to global renewable energy space,
but only the best mining companies can get it.
Kirill Klip GEM Royalty TNR Gold
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109. $6 Trillion Investment In EVs
Fast roll out of infrastructure for EVs will require stable
supply of Copper.
Kirill Klip GEM Royalty TNR Gold
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110. We Need Real Things To Build
Other Things
Markets are broken.
How to transfer Capital directly to enterprises?
Kirill Klip GEM Royalty TNR Gold
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111. We Need Real Things To Build
Other Things
Incrementum: “Everything (except commodities)
Bubble”
Kirill Klip GEM Royalty TNR Gold
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112. Global Copper Production
Golden Age for Copper.
Kirill Klip GEM Royalty TNR Gold
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113. Green rEVolution
Trafigura expects a surge in global Copper demand this
decade.
Kirill Klip GEM Royalty TNR Gold
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114. Copper And Clean Energy
Visual Capitalist: “A new energy transition is beginning
and Copper is at the heart of it”
Kirill Klip GEM Royalty TNR Gold
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115. Why Copper?
Visual Capitalist: “Copper has the superior properties that
allow it to be used for many types of clean energy”
Kirill Klip GEM Royalty TNR Gold
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116. Copper In Wind Farms
Visual Capitalist: “Offshore wind farms require
significantly more copper per MW”
Kirill Klip GEM Royalty TNR Gold
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117. Wind Installations
Cumulative global offshore wind installation.
Kirill Klip GEM Royalty TNR Gold
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118. Large-Scale Wind Projects
Wind turbines are getting larger, larger blades optimize
power generation and increase ROI.
Kirill Klip GEM Royalty TNR Gold
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119. Copper In Solar
Visual Capitalist: “There are approximately 5.5 T per MW
of Copper in solar power systems”
Kirill Klip GEM Royalty TNR Gold
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120. Solar Cost
The cost to install solar has dropped by more than all
forecasts.
Kirill Klip GEM Royalty TNR Gold
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121. Solar PV Modules Cost
The photovoltaic experience curve is 28.8%.
Kirill Klip GEM Royalty TNR Gold
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122. Copper In Energy Storage
Visual Capitalist: “Copper wiring and cabling connects
renewable power generation with energy storage devices”
Kirill Klip GEM Royalty TNR Gold
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123. Copper In Electric Vehicles
Visual Capitalist: “Electric vehicles rely heavily on
Copper for the motors and charging cabling”
Kirill Klip GEM Royalty TNR Gold
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124. Copper In Electric Vehicles
Reuters: “Electric vehicles rely heavily on copper for the
motors and wiring”
Kirill Klip GEM Royalty TNR Gold
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125. Copper And Electric Vehicles
ICA: “Impact on Copper demand as EV markets grow”
Kirill Klip GEM Royalty TNR Gold
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126. Copper And Energy Transition
Visual Capitalist: “With each energy transition comes a
new need for materials”
Kirill Klip GEM Royalty TNR Gold
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127. The Switch: Energy Transition
43% potential increase in Copper demand by 2035.
Kirill Klip GEM Royalty TNR Gold
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128. Copper: Green And Healthy
Copper is durable and sustainable with a long service
life. It plays a crucial role in green future.
Kirill Klip GEM Royalty TNR Gold
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129. Copper: Green And Healthy
Copper’s role in climate neutral renovation.
Kirill Klip GEM Royalty TNR Gold
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130. Copper: Green And Healthy
More Copper should be used for doorknobs and other
surfaces to stop spread of viruses.
Kirill Klip GEM Royalty TNR Gold
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131. Copper: Green And Healthy
More Copper should be used for surfaces to stop
spread of viruses.
Kirill Klip GEM Royalty TNR Gold
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132. The Switch: rEVolution
ICA: “By 2030, > 250,000 tonnes of Copper will be used
annually in EV motors”
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133. Copper Is Needed For EVs & All
Charging Infrastructure
Annual copper demand in EVs and ICE vehicles.
Kirill Klip GEM Royalty TNR Gold
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134. EVs & Copper Demand
EVs are expected to drive Copper demand.
Kirill Klip GEM Royalty TNR Gold
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135. Copper Big Picture
Over the next 26 years the world is going to mine more
Copper than what has been mined in all history.
Kirill Klip GEM Royalty TNR Gold
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136. Copper Big Picture
Over the next 26 years the world is going to mine more
Copper than what has been mined in all history.
Kirill Klip GEM Royalty TNR Gold
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137. Teck: Copper Big Picture
Teck: “Supply committed pre-pandemic insufficient to
meet growing demand”
Kirill Klip GEM Royalty TNR Gold
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138. Copper Disruptions
Teck: “Copper disruptions continue to impact mines”
Kirill Klip GEM Royalty TNR Gold
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139. Global Copper Production
Teck: “Global Copper mine production increasing
slowly”
Kirill Klip GEM Royalty TNR Gold
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140. Copper Smelter Capacity Growth
Teck: “Growth in Copper smelter capacity”
Kirill Klip GEM Royalty TNR Gold
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141. Copper Supply
Teck: “Chinese imports shift to concentrates to feed
smelter capacity increases”
Kirill Klip GEM Royalty TNR Gold
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142. Copper Market
Teck: “Physical inventories continue to tighten”
Kirill Klip GEM Royalty TNR Gold
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143. Copper Metal Stocks
Teck: “Raw material shortages increase cathode
demand”
Kirill Klip GEM Royalty TNR Gold
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144. China & Copper
Elements: “China’s dominance in clean energy metals”
Kirill Klip GEM Royalty TNR Gold
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145. China’s Copper Share
CNBC: “China’s share of world copper consumption”
Kirill Klip GEM Royalty TNR Gold
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146. China’s Copper Requirements
Wood Mackenzie: ”China’s Copper Concentrate
Requirements”
Kirill Klip GEM Royalty TNR Gold
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147. Copper Supply Gap
CRU: “Without Copper projects supply gap will exceed
15Mt by 2035”
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148. Copper Supply Gap
CRU: “Copper supply gap will reach 8 Mt by the end of
this decade”
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149. Copper Concentrate Deficit
S&P: “Expected 3.15M T Copper concentrate deficit in
2030”
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150. Copper Mining Projects
CRU: “Copper mining projects are increasingly
challenging to develop”
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151. Copper Mining Projects
S&P: “Global mined output to fall over 2025-30”
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152. Copper Demand
Wood Mackenzie: “Primary Copper Demand scenarios”
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153. Copper Supply
Wood Mackenzie: “Copper supply constrained by a
shortage of advanced projects”
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154. Copper Industry Meets 21st Century
Bernstein: “It was our great-grandfathers that built
today’s Copper industry”
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155. Have We Found Everything?
The future of Copper mining means grades
below 0.5% Cu Eq.
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156. Copper Discoveries
Exploration budgets are still down, and major Copper
discoveries are far and few between.
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156

157. Copper Discoveries
Exploration budgets are still down, and major Copper
discoveries are far and few between.
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158. Copper Discoveries
Exploration budgets are still down, and major Copper
discoveries are far and few between.
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159. Copper Head Grade
Industry head grade is going lower.
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159

160. Copper Head Grade
Industry head grade is going lower.
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160

161. Los Azules Copper
McEwen Mining: “Los Azules – Our Sleeping Giant"
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161

162. Los Azules Copper
McEwen Copper: “Surfacing Copper Value"
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162

163. Los Azules Copper
McEwen Mining: “Los Azules in the Prolific Andes
Copper Belt"
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164. Los Azules Copper
McEwen Mining: “Los Azules – 9th Largest Undeveloped
Copper Project in the World"
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165. Los Azules Copper
McEwen Mining: “Use of Funds for Los Azules"
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165

166. Los Azules Copper
McEwen Mining: “Los Azules – Drilling Program"
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166

167. Los Azules Copper
McEwen Mining: “Los Azules Schematic Geology
Model"
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167

168. Los Azules Copper
McEwen Mining: “Los Azules Grade Estimation Model"
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168

169. Los Azules Copper
McEwen Mining: “Exploring Further for Deeper
Opportunity"
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169

170. Los Azules Copper
McEwen Mining: “Los Azules Copper, Gold and Silver"
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170

171. Los Azules Copper
McEwen Mining: “Community Engagement for Los
Azules"
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172. Los Azules Copper NPV $5.7B
McEwen Mining: “Los Azules NPV $5.7B at $4.5/lb
Copper"
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173. The Green Energy Metals
Royalty & Gold Company.
TNR Gold Corp.
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173

174. TNR Gold Los Azules Copper Royalty
Rob McEwen: “Taca Taca serves as a good proxy for
the value of Los Azules”
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175. TNR Gold Los Azules Copper Royalty
Rob McEwen: “Taca Taca serves as a good proxy for
the value of Los Azules”
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176. GEM Royalty Co.
TNR Gold Corp. (TSXV: TNR)
The Green Energy Metals Royalty & Gold Company.
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176

177. GEM Royalty Co.
TNR Gold Corp. (TSXV: TNR)
The Green Energy Metals Royalty & Gold Company.
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177

178. TNR Gold Business Model
We do not have to contribute any capital to the
development of Los Azules Copper.
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178

179. TNR Gold Corp. Global Assets
TNR Gold Corp. Current Holdings.
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179

180. GEM Royalty Co.
TNR Gold Corp. (TSXV: TNR)
Becoming The Green Energy Metals Royalty & Gold
Company.
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180

181. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
181

182. Los Azules Copper
Rob McEwen: “Los Azules has resources of greater than
50M Au oz equivalent”
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182

183. Los Azules Copper
McEwen Mining: “Los Azules – Large Copper Deposit”
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183

184. Assets – Los Azules Copper,
San Juan, Argentina
Andean Cordillera – Home to Major Copper Mines.
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185. Los Azules Copper Resource
Los Azules ranks as one of the top 2 or 3 world class
deposits that are “for sale”.
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186. Los Azules Copper Resource
Los Azules Copper resource contains 10.2B lb. indicated
and 19.3B lb. inferred resources.
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187. Los Azules PEA
Los Azules can become 26th largest Copper mine
in the world.
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188. Los Azules PEA
Los Azules projected cost of Copper production.
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188

189. Los Azules Copper
Preliminary Economic Assessment
McEwen Mining Preliminary Economic Assessment’s
Highlights.
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189

190. Los Azules Copper
Undiscounted NSR $35.2B
McEwen Mining PEA: Commodity Price Assumptions.
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191. Los Azules Copper
Potential Value of TNR Gold’s NSR Royalty
TNR Gold holds a 0.36% NSR Royalty on the entire
Los Azules Copper project with McEwen Mining.
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191

192. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
192

193. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
193

194. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
194

195. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
195

196. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
196

197. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
197

198. The Green Energy Metals Royalty Co.
TNR Gold Corp.
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Copper April 2022
198

199. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
199

200. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
200

201. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
201

202. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
202

203. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
203

204. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
204

205. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
205

206. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
206

207. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
207

208. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
208

209. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
209

210. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
210

211. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
211

212. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
212

213. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
213

214. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
214

215. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
215

216. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
216

217. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
217

218. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
218

219. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
219

220. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
220

221. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
221

222. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
222

223. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper April 2022
223

224. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
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224

225. GEM Royalty Co.
TNR Gold Corp.
• Becoming The Green Energy Metals Royalty Co.
• Assets with major companies as Operators.
• Green Energy Metals: Lithium, Copper and Silver.
• TNR holds NSR Royalty on Mariana Lithium.
• TNR holds NSR Royalty on Los Azules Copper.
• TNR holds 90% stake in Shotgun Gold, Alaska.
• TNR Gold presentations on www.tnrgoldcorp.com
• All information is available on www.sedar.com
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226. Thank you!
Energy rEVolution.
The World Just Before The INTERNET.
Contact k.klip@btinternet.com
Visit www.kirillklip.blogspot.com
Follow on Twitter @kirillklip
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