Iron Bear Resources Ltd · ASX:IBR
Iron Bear Resources — Cape Lambert Resources — Mining Indaba 2018
33 slides from Iron Bear Resources's conference presentation, February 2018
Slide 1: Mining Indaba Cape Town
Mining Indaba Cape Town February 2018 Unearthing the minerals powering our future
Slide 2: Why Cape Lambert Resources?
Why Cape Lambert Resources? Cape Lambert is a diversified mineral development and investment company well positioned to deliver shareholder value though our Acquire, Add Value and Realise strategy. Our activities aim to meet global demand for minerals that drive progress and power our future. Strate
Slide 3: Company Strategy
Company Strategy In line with our strategy to acquire and invest in undervalued and undeveloped mineral projects Cape Lambert has capitalised on an undervalued and emerging cobalt market by acquiring the rights to: § a readily available cobalt rich tailings dam in the DRC copper belt; § a nearby pro
Slide 4: DRC Cobalt Project – Summary
DRC Cobalt Project – Summary Paragon’s holdings/interests that § a 70% interest in the Kipushi tailings dam and will increase that interest to 80%; are part of the proposed JV Agreement include: § 100% ownership of the Kipushi Processing Plant; and § 100% interest in 3 cobalt rich mineralised areas
Slide 5: DRC Cobalt Project – JVCo Objectives
DRC Cobalt Project – JVCo Objectives The objectives of the JVCo will be to: § Kipushi Tailings Project § commence mining and processing Kipushi Tailings as soon as practical; § Kasombo Project1 § commence exploration activities on Kasombo2; § complete a Feasibility Study on Kasombo within 18 months;
Slide 6: Cobalt Sources
Cobalt Sources Most cobalt is produced as a by product of either copper or nickel production 38% nickel 60% copper production by production by product product 2% primary cobalt production Page 6 | Feb 2018
Slide 7: Cobalt – Qualities & Applications
Cobalt – Qualities & Applications Cobalt - one of the worlds essential minerals § Lustrous, silvery-blue, magnetic metal; § High melting point (1,495 degrees Celsius); § Maintains strength even at high temperatures; § Maintains its magnetism at temperatures up to 1,121 degrees Celsius; § Used in: pi
Slide 8: Global Cobalt Production
Global Cobalt Production Page 8 | Feb 2018
Slide 9: Global Cobalt Supply/Demand Balance
Global Cobalt Supply/Demand Balance Page 9 | Feb 2018
Slide 10: 5-Year Cobalt Price
5-Year Cobalt Price 80,250 US$/t Sources: InfoMine.com Page 10 | Feb 2018
Slide 11: Key Drivers for Cobalt Demand and Price
Key Drivers for Cobalt Demand and Price Electric car revolution All major manufacturers are already or have committed to building electrified cars “Cobalt looks set to be the main constraint on battery market growth. Even without a rise in electric vehicle demand we foresee a tight market, while ove
Slide 12: Why the DRC?
Why the DRC? The DRC holds approximately 47% of the global cobalt reserve base. It is the world's single largest supply source with roughly 63% of global cobalt supply originating in the DRC. Page 12 | Feb 2018
Slide 13: Kipushi Project Location
Kipushi Project Location The Kipushi Project is located only 25 minutes from the well established mining town of Lubumbashi and is accessed mostly by sealed road. Page 13 | Feb 2018
Slide 14: DRC Cobalt Project Layout
DRC Cobalt Project Layout Page 14 | Feb 2018
Slide 15: Kipushi Cobalt Project – Tailings Dam
Kipushi Cobalt Project – Tailings Dam View over Kipushi tailings dam The Kipushi tailings dam extends over 1km in length, over 400m in width, with an average depth of 8m. It is located approximately 8km from the Kipushi Processing Plant. Page 15 | Feb 2018
Slide 16: Kipushi Tailings Dam – Sampling Locations
Kipushi Tailings Dam – Sampling Locations Refer ASX announcement dated 29 March 2017 for full details. Page 16 | Feb 2018
Slide 17: Kipushi Processing Plant
Kipushi Processing Plant The Kipushi Processing Plant comprises a conventional flotation plant with a design throughput of 150tph. The process plant is connected to State power via a 12Mw substation. Construction of the process plant is all but complete and requires upgrades and commissioning. Page
Slide 18: Kipushi Processing Plant
Kipushi Processing Plant View over milling circuit Administration Building View over flotation circuit Conveyors for dry tailings disposal Page 18 | Feb 2018
Slide 19: Kasombo Copper-Cobalt Project
Kasombo Copper-Cobalt Project The Kasombo Copper-Cobalt Project1 (Kasombo) is part of the Kasombo Complex, a series of copper-cobalt rich deposits that have been extensively explored by Gecamines and developed and mined by various international companies in joint venture with Gecamines. Kasombo is a
Slide 20: Kasombo Copper-Cobalt Project
Kasombo Copper-Cobalt Project Results from random hand held XRF sampling were consistent with and confirmed the previously reported mined copper and cobalt grades by Gecamines and Forrest International Group of between 2.7% to 3.7% copper and 3.5% to 5.3% cobalt. An extreme high grade rock sample fr
Slide 21: Kasombo Copper-Cobalt Project – Assignment to Fe Limited
Kasombo Copper-Cobalt Project Assignment to Fe Limited In July 2017, CFE entered in to a binding Terms Sheet with Fe Limited (FEL) whereby CFE was to assign to FEL 100% of the rights and obligations it has in Kasombo (Transaction) (refer ASX announcement date 13 July 2017). The Transaction was compl
Slide 22: Kasombo Copper-Cobalt Project – Preliminary Drilling
Kasombo Copper-Cobalt Project Preliminary Drilling at Kasombo Completed December 2017 FEL completed a small RC drill programme designed to test the grade and depth of mineralization at Kasombo 5 and Kasombo 7. A total of 390m was completed in difficult conditions due to the wet weather, with 3 holes
Slide 23: Kitwe Cobalt-Copper Tailings Project – Summary
Kitwe Cobalt-Copper Tailings Project – Summary Acquisition details: § Share Purchase Agreement executed to conditionally acquire a 70% interest in the Kitwe Cobalt-Copper Tailings Project; (Kitwe Tailings Project) located in Zambia close to the border of the DRC. § Commitment to expend US$500,000 wi
Slide 24: Kitwe Tailings Project Location
Kitwe Tailings Project Location The Kitwe Tailings Project is located approx. 3km from the outskirts of Zambia’s second largest city, Kitwe. Kitwe is an established commercial and industrial area along side Ndola and Lusaka. Page 24 | Feb 2018
Slide 25: Kitwe Tailings Project – Tailings Dam
Kitwe Tailings Project – Tailings Dam The Kitwe Tailings Project is located in the Zambian Copper belt, one of the world’s largest producing regions of high grade cobalt and copper concentrates and LME grade copper metal with several of the world’s largest copper producing companies operating in the
Slide 26: Kitwe Tailings Dam – Sampling Locations
Kitwe Tailings Dam – Sampling Locations Kitwe Cobalt Project tailings dam Refer ASX announcement dated 22 May 2017 for full details Page 26 | Feb 2018
Slide 27: Project Operational Objectives
Project Operational Objectives Transaction and Testing and Construction Production Due Diligence Processing Complete share sale Samples collected and Finalise and optimise Targeting the agreement being dispatched to South Kitwe Tailings operational commencement of Africa for metallurgical plan produ
Slide 28: APPENDICES
APPENDICES
Slide 29: Corporate Snapshot
Corporate Snapshot Board of Directors 873M $52.4M Tony Sage - Executive Chairman issued shares market cap @ $0.06 Over 30 years’ experience in corporate advisory, funds management, capital raisings and management of exploration companies. 23.5M $0.5M options outstanding1 Cash @ 31 Dec 2017 Tim Turne
Slide 30: Business Model & Strategy
Business Model & Strategy Our project team has the technical and commercial Acquire Add Value expertise and experience to > Leverage off strong maximise project development > “Hands on” balance sheet & approach relationships > Explore and > Early stage projects & evaluate project companies considere
Slide 31: Attributes – Competent Persons Statement
Attributes Competent Persons Statement The information in this report that relates to Exploration Results is based on information compiled by Mr Jess Oram, Executive Director of Cauldron Energy a company related to Cape Lambert Resources Limited through similar board members, who is a Member of the
Slide 32: Disclaimer
Disclaimer This presentation has been prepared by Cape Lambert Resources Limited (“Cape Lambert” or the “Company”). It is not a disclosure document and should not be considered as an offer or invitation to subscribe for, or purchase any securities in the Company or as an inducement to make an offer
Slide 33: WWW.CAPELAM.COM.AU
WWW.CAPELAM.COM.AU Investor Relations phone: +61 8 9380 9555 email: info@capelam.com.au