This document discusses the growing demand for copper due to the expansion of electric vehicles and green energy technologies. It notes that each electric vehicle uses 3 times more copper than an internal combustion engine vehicle. The document also profiles TNR Gold Corp, which holds a 0.36% net smelter royalty on the large Los Azules copper project in Argentina. Los Azules is estimated to contain over 10 billion pounds of copper based on current resource estimates. The document argues that as electric vehicles grow substantially in the coming years, projects like Los Azules will be important to meet the rising copper demand.

1. Back Into The Future
Tesla Energy rEVolution: Red Metal Goes Green.
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2. Legal Disclaimer
All information about McEwen Mining and International
Lithium is presented from publicly available data.
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3. Legal Disclaimer For The US
Please read legal disclaimers. There is no investment advice in this
presentation. Always consult your qualified financial adviser.
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4. Energy rEVolution
The World Just Before The INTERNET
“Maximum Plaid” of Tesla Roadster: Elon Musk has
demonstrated the potential of Electric Cars.
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5. Tesla Model 3
Before we had the best Electric Cars and affordable EVs.
Now we have the first best and affordable Electric Car.
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6. Tesla’s Unfathomable Launch
Elon Musk promised to ramp up Model 3 to 10k a week
and build 500k of all models in 2018
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7. Tesla 2018
Tesla becomes “Real Car Company”
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8. Tesla Ahead Of The Curve.
Catalyst: Elon Musk talks about lithium cells cost below
100 per kWh by 2019 and for battery packs by 2020.
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9. Tesla Energy rEVolution
Electric Cars are coming faster than a lot of people are
anticipating it.
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10. 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 Any More.
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.
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11. China’s State Grid Is
Getting Ready For 100
Million Electric Cars By
2030
Can We Reach 200 Million EVs Globally By That Time?
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12. Tesla Comes To China
Shanghai welcomes Elon Musk and Tesla Gigafactory 3.
Transfer of technology is unavoidable.
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13. 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.
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14. Green Energy: Clean Equals Cheap
Catalyst: Solar and Wind Energy becomes cheaper than
coal and gas.
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15. A Golden Age For Copper
With the rise of EVs, copper demand will follow suit.
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16. Copper Drives Electric Vehicles
Copper Development Association Inc.
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17. The Switch:
Millions Are Switching To EVs
Each EV demands 3 times more Copper than ICE car.
Every Electric Car has 6 km of copper wires.
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18. Copper EVs Demand
An increasing amount of copper will be required to
power Tesla rEVolution.
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19. The Switch: Energy Transition
43% potential increase in copper demand by 2035.
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20. Copper Is Essential To EV Technology
Copper Development Association Inc.
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21. Copper Is Needed For EVs & All
Charging Infrastructure
Copper Development Association Inc.
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22. Copper Fundamentals
Continue To Improve
Glencore: Resilient demand across commodities is a
continuation of a long term trend.
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23. Copper Supply Gap
Without copper projects supply gap will exceed 15Mt
by 2035.
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24. New Supply Vacuum
Major copper mines starting in 2014-2019.
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25. “Severe Deficit”
Goldman sees “severe deficit” for copper starting
in 2023.
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26. Copper Exploration Has Been
Increasingly Unsuccessful
Glencore: Copper mine project pipeline has more than
halved.
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27. Copper Discoveries
Exploration budgets are going down and major copper
discoveries are far and few between.
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28. Have We Found Everything?
The future of copper mining means grades
below 0.5% CuEq.
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29. Copper Head Grade
Industry head grade is going lower.
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30. Price Shocks Are Imminent
Much higher prices for copper needed to put new
mines in production.
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31. Perfect Storm
Managed money increased copper short positions to all
time highs in 2018.
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32. Copper Oversupply Has Been
Eliminated
Copper inventories in global warehouses decrease
again.
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33. Global Copper Inventories
Global copper inventories decrease again.
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34. Los Azules Copper
McEwen Mining: “Los Azules – Our Sleeping Giant"
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35. GEM Royalty Co.
TNR Gold Corp. (TSXV: TNR)
Becoming The Green Energy Metals Royalty Company.
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36. TNR Gold Corp. Global Assets
TNR Gold Corp. current holdings.
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37. Argentina G20 Meeting
Argentina is back in business.
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38. Argentina Is Back To Business
Argentina and Chile signed the protocol aimed at the
development of Los Azules Copper project.
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39. Assets – Los Azules Copper,
San Juan, Argentina
Andean Cordillera – Home to Major Copper Mines.
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40. 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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41. Los Azules Copper Resource
Los Azules Copper resource contains 10.2B lb. indicated
and 19.3B lb. inferred resources.
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42. Los Azules Copper
Preliminary Economic Assessment
McEwen Mining Preliminary Economic Assessment’s
Highlights.
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43. Los Azules Copper
Undiscounted NSR $35.2B
McEwen Mining PEA: Commodity Price Assumptions.
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44. 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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45. Los Azules PEA
Los Azules projected cost of Copper production.
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46. Los Azules PEA
Los Azules can become 26th largest Copper mine
in the world.
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47. Los Azules Summary
Value-adding will continue for Los Azules
in 2019 and 2020.
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48. Copper Transactions
Benchmarking Los Azules Intrinsic value.
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49. GEM Royalty Co. - TNR Gold Corp.
• Becoming The Green Energy Metals Royalty Co.
• Assets with major companies as Operators.
• Green Energy Metals: Copper and Lithium.
• TNR holds NSR Royalty on Los Azules Copper.
• TNR holds NSR Royalty on Mariana Lithium.
• 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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50. Thank you!
Energy rEVolution.
The World Just Before The INTERNET.
Follow @KirillKlip
Visit www.kirillklip.blogspot.com
Contact k.klip@btinternet.com
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