West Cobar Metals Ltd. · ASX:WC1
West Cobar Metals — Investor Presentation (July 2024)
24 slides from West Cobar Metals's investor presentation, Jul 18, 2024
Slide 1: High Impact Australian Copper and Critical Minerals Exploration
JULY 2024 – PRESENTATION High Impact Australian Copper and Critical Minerals Exploration
Slide 2: Disclaimer
WEST COBAR METALS Disclaimer This document has been prepared by West Cobar Metals Ltd (“West Cobar”) in connection with providing an overview of its business to interested parties/analysts/investors. This presentation is being provided for the sole purpose of providing preliminary background informa
Slide 3: Corporate Snapshot
WEST COBAR METALS Corporate Snapshot Capital Structure Share Price and Volume Total number of shares currently on issue 152,500,331 Options on issue 34,083,334 Performance Rights on issue 4,000,000 Share Price (at 17 July 2024) $0.03 Market Cap (undiluted) $4.6m Cash Balance (at 31 March 2024) $1.1m
Slide 4: Investment Highlights
WEST COBAR METALS Investment Highlights ▪ Copper exploration in NSW - drilling expected to commence in August 2024 - 400m diamond hole planned to locate potentially higher grade feeder zone NSW related to previously intersected (diamond hole 19CA002) mineralisation with 135m of 0.24% Cu (includes 33
Slide 5: Cobar West Copper Project
VY, Cobar West Copper Project
Slide 6: Cobar West Copper Project
NEW SOUTH WALES Cobar West Copper Project QUEENSLAND • Independent review by leading consultancy Resource Potentials Pty Ltd identifies new drilling targets for copper at Bulla Park, NSW NANTILLA • Previous drill intersections such as 135m of 0.24% Cobar Cu (including 33m of 0.47% Cu and 0.15% Sb)*
Slide 7: Bulla Park Copper Prospect – Planned Drill Hole
COBAR WEST PROJECT Bulla Park Copper Prospect – Planned Drill Hole • Copper grades and intercept thicknesses consistently improving towards an interpreted fault zone • Similar mineralisation style is encountered at Endeavour deposit and CSA mine of the Cobar District Left: Cross section S to N For t
Slide 8: Bulla Park Copper Prospect – Planned Drill Hole
COBAR WEST PROJECT Bulla Park Copper Prospect – Planned Drill Hole Left: Drill traces over Gravity image Right: Drill traces over Aeromagnetics image ASX | WC1 8
Slide 9: Caliper Prospect
COBAR WEST PROJECT Caliper Prospect • The Caliper Prospect lies 5.5km north of the Bulla Park copper-antimony mineralisation • Strong magnetic high above Winduck Formation sediments that could reflect copper or base metal mineralisation below alluvium and deep weathering • Initially a single x mud r
Slide 10: Exploring the Albany Fraser Orogen - WA
EXPLORING THE ALBANY FRASER OROGEN - WA Exploring subsurface, air core drilling, May 2024 10
Slide 11: Copper / IOCG Targetting
ALBANY FRASER OROGEN Copper / IOCG Targetting • 1,172km2 of prospective area in the Biranup Zone, a structural extension of the Fraser Zone that hosts the Nova-Bollinger Ni Cu deposit • Project Generation studies have defined high priority Iron Oxide Copper-Gold (IOCG) targets in WC1 granted tenemen
Slide 12: Priority Targets
ALBANY FRASER OROGEN Priority Targets Talisker Glenmorangie Oban Glenmorangie Prospect with regional aeromagnetics, and previous Talisker Prospect with gravity overlain on regional aeromagnetics image drill locations from Wamex reporting without details. Oban Prospect with gravity in colour overlain
Slide 13: Recent Drilling - Newmont Extension Potential
SALAZAR PROJECT Recent Drilling - Newmont Extension Potential • Extensive high grade critical mineral intercepts in near surface saprolite from recent drilling campaign at Salazar include: * - 21m of 2,775 ppm TREO, 6.1% TiO2, 59 ppm Sc from 10m in SZA 306 - 13m of 1,455 ppm TREO, 7.5% TiO2, 88 ppm
Slide 14: Recent Drilling - Newmont Extension Potential
SALAZAR PROJECT Recent Drilling - Newmont Extension Potential Left: AC drilling, Newmont – Matilda South. Recent 2024 air core program – yellow collar positions Right: Newmont cross-section 6347900N. Recent AC drill holes and intersections. ASX | WC1 For the drill intersections above, previously rep
Slide 15: Current and Upcoming Activity
WEST COBAR METALS Current and Upcoming Activity July 2024 • Assay results received from Salazar critical minerals project’s latest drilling campaign (targeting TiO2, Sc & REE) • Progressing greenfields copper targets in WA Albany Fraser orogen • Drill rig contracted for Bulla Park copper project, NS
Slide 16: Highly Experienced Team with a Strong Track Record
BOARD AND MANAGEMENT Highly Experienced Team with a Strong Track Record Mark Bolton David Pascoe (B.Sc (Hons), M.Sc) Non-Exec Chairman Head of Technical and Exploration ▪ 30+ years of experience in the resources sector. ▪ Geologist with 30+ years experience worldwide ▪ Mark was a Director at Ernst &
Slide 17: Get in touch
CONTACT Get in touch Matt Szwedzicki | Managing Director ms@westcobarmetals.com.au +61 9287 4600 Luke Forrestal | GRA Partners Luke.forrestal@grapartners.com.au +61 411 479 144 ASX | WC1 17
Slide 18: Additional Information on Salazar Project
Additional Information on Salazar Project 18
Slide 19: All on the Critical Minerals List
SALAZAR PROJECT All on the Critical Minerals List (Department of Industry, Science and Resources, 20 Feb 2024) Significant intersections of Gallium near surface, Australian Critical Mineral List Salazar Indicative Market Prices for example Antimony 18m@44g/t Ga from 4m (NSA119) **** Arsenic Berylliu
Slide 20: Titanium Dioxide at Newmont
SALAZAR PROJECT Titanium Dioxide at Newmont Cut-off Saprolite Ti TiO2 TREO Fe FeO Category Mt Ti % Zone % % ppm % % Inferred TREO >=600 20 3.1 5.2 1,183 8.9 11.4 2 Inferred TREO <600 9 2.8 4.7 428 10.2 13.1 Total 29 3.0 5.0 942 9.3 12.0 Above: Titanium Dioxide (source: Britannica.com) ▪ Titanium has
Slide 21: Scandium at Newmont
SALAZAR PROJECT Scandium at Newmont Maiden JORC (2012) Mineral Resource Estimate* Cut-off Saprolite Tonnes Sc TREO Category Ti % TiO2 % (Sc ppm) Zone (Mt) ppm ppm Inferred TREO>=600 8 103 1,192 3.18% 5.30 75 Inferred TREO<600 4 103 415 2.61% 4.35 Total* 12 103 915 2.97% 4.95 • Widespread scandium mi
Slide 22: Newmont Rare Earth Elements
SALAZAR PROJECT Newmont Rare Earth Elements Cut-off Tonnes TREO Pr6O11 Nd203 Dy203 Tb407 (TREO Category (Mt) (ppm) ppm ppm ppm ppm ppm) Indicated 39 1216 51 206 36 6.1 600 Inferred 44 1029 46 180 29 5.1 Total* 83 1117 48 192 33 5.6 ▪ Newmont is a substantial high grade clay deposit overlying an amph
Slide 23: High Purity Alumina at Newmont
SALAZAR PROJECT High Purity Alumina at Newmont Cut-off Saprolite Al Al2O3 TREO Fe K Si Category Mt Al (%) Zone % % ppm % % % Inferred TREO>=600 2 15.6 29.5 909 4.22 0.25 20.1 15 Inferred TREO<600 2 15.7 29.6 276 2.84 0.21 22.6 Total 4 15.6 29.6 657 3.67 0.23 21.1 Above: Saprolitic clay from SAC373 u
Slide 24: O’Connor Deposit
SALAZAR PROJECT O’Connor Deposit Magnet Rare Earths Cut-off Tonnes TREO (TREO Status Pr6O11 Nd2O3 Dy2O3 Tb4O7 (Mt) (ppm) ppm) ppm ppm ppm ppm 600 Inferred 107 1216 61 195 11 2.3 ▪ O’Connor deposit has a high grade resource of 107 Mt of 1216 ppm TREO (Inferred Resource)* - met work ongoing ▪ Substant
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