Conico Ltd · ASX:CNJ
Conico — Shareholder Meeting (November 2018)
13 slides from Conico's shareholder meeting presentation, Nov 16, 2018
Slide 1: Mt Thirsty Cobalt Project AGM Presentation
www.mtthirstycobalt.com For personal use only MT THIRSTY COBALT PROJECT AGM Presentation By Guy Le Page, Director Conico Ltd (ASX: CNJ) November 2018
Slide 2: Disclaimer
DISCLAIMER For personal use only Certain statements made during or in connection with this communication, including, without limitation, those concerning the economic outlook for the exploration industry, expectations regarding commodity prices, production, cash costs and other operating results, gr
Slide 3: Mt Thirsty Cobalt Project
MT THIRSTY COBALT PROJECT www.mtthirstycobalt.com For personal use only The Mt Thirsty Cobalt Project is a 50:50 JV between Barra Resources Ltd and Conico Ltd (ASX:CNJ). Located 20km NW of Norseman, WA. The Project contains the Mt Thirsty Cobalt- Nickel (Co-Ni) Oxide Deposit that has the potential t
Slide 4: Scoping study commodity price assumptions
Mt Thirsty Cobalt Project – www.mtthirstycobalt.com Scoping study used commodity prices (2017 Real) of: For personal use only Cobalt US$62,000/t ($28.1/lb) escalating at 1.5% p.a Nickel US$12,240/t ($5.6/lb) escalating at 2.5% p.a. Currency A$: US$0.74 Macquarie recently increased Cobalt price f
Slide 5: Scoping Study Flowsheet
Mt Thirsty Cobalt Project – www.mtthirstycobalt.com Scoping Study Flowsheet For personal use only The key to commercialisation of Mt Thirsty is the atmospheric pressure, low temperature leach processing route, using sulphur dioxide as the active reagent Overall metal recovery from ROM ore to MSP wit
Slide 6: Strong Market Fundamentals due to Government Mandated Vehicle Electrification
Strong Market Fundamentals due to Government Mandated move to Vehicle Electrification www.mtthirstycobalt.com “We are going to introduce electric vehicles in a very For personal use only big way. We are going to make electric vehicles self- sufficient like UJALA. The idea is that by 2030, not a sing
Slide 7: Strong Market Fundamentals
Strong Market Fundamentals www.mtthirstycobalt.com For personal use only Demand for cobalt driven by: Supply of cobalt: Surge in Lithium-ion battery usage – renewable Primarily a by-product of nickel and copper mining energy Dominated by Democratic Republic of Congo (DRC) – Electronics,
Slide 8: Cobalt demand and supply outlook
Mt Thirsty Cobalt Project www.mtthirstycobalt.com For personal use only Demand for cobalt looks strong Supply under pressure due to nickel mine closures and DRC volatility Battery manufacturers are looking to reduce cobalt use, with the most likely substitute being nickel Mt Thirsty’s produc
Slide 9: PFS progress: metallurgical test work
Mt Thirsty Cobalt Project - PFS www.mtthirstycobalt.com For personal use only PFS level metallurgical test work results of the Whole Ore Leach case by Wood independently validated the Scoping Study assumptions. Beneficiation test work successfully concentrated target asbolane mineral into one ha
Slide 10: PFS: tenements, access and surveys
Mt Thirsty Cobalt Project - PFS www.mtthirstycobalt.com For personal use only New mining tenements pegged for the mine, associated infrastructure and groundwater drilling. Access negotiations commenced with underlying land holders and traditional owners. Biological surveys completed over plann
Slide 11: The Next Steps
Mt Thirsty Cobalt Project www.mtthirstycobalt.com For personal use only The Next Steps Update JORC 2004 Resource to JORC 2012 Drilling for ground water Complete PFS Seek a joint venture partner to fund further studies (such as feasibility study) with a view to fast-tracking Project developme
Slide 12: Proposed Project Timeline
www.mtthirstycobalt.com Mt Thirsty Cobalt Project For personal use only Proposed Project Timeline Early CY 2020 Late CY 2019 Early CY 2019 Construction Permitting/ Complete-Plant Decision to Commissioning Feasibility Mine October 2017 Study Pre Feasibility Study Scoping Study
Slide 13: Contact
CONTACT Conico Ltd For personal use only Phone: (+61 8) 9282 5889 Facsimile: (+61 8) 9282 5866 Email: mailroom@conico.com.au Website: www.conico.com.au