Slide 1: Focused on the Acquisition and Development of High Grade Cobalt Deposits
FOCUSED ON THE ACQUISITION AND DEVELOPMENT OF HIGH GRADE COBALT DEPOSITS March 2018 TSX.V: USCO, Frankfurt: 26X, OTCQB: USCFF
Slide 2: Disclaimer
Disclaimer This presentation includes certain statements that may be deemed forward looking statements. All statements in this discussion, other than statements of historical facts, which address future production, reserve potential, exploration activities and events or developments that the Company
Slide 3: Cobalt Demand
Cobalt Demand ‘000 tons GWh 1,000 1,400 900 1,200 800 Manganese (tons) 700 1,000 Nickel (tons) 600 Cobalt (tons) 800 500 Lithium (tons) 400 600 Lithium ion battery demand 300 (GWh) 400 200 100 200 0 - 2014 2020 2023 2028 2015 2021 2026 2018 2024 2016 2029 2022 2027 2019 2025 2030 2017 Source: Bloomb
Slide 4: Idaho Cobalt Belt
Idaho Cobalt Belt ECobalt’s IDAHO COBALT PROJECT (ICP): Salmon Canyon Prospect • Permits understood to be largely in place • 3.4 Mt@ 0.59% Co, 0.73% Cu, 0.016 oz/t Au (M+I) Clear Creek Prospect In a Feasibility Study dated September 27, 2017, Micon updated ICP’s Ram deposit estimate of cobalt, coppe
Slide 5: US Cobalt's Iron Creek Cobalt Project, Idaho
US Cobalt’s Iron Creek Cobalt Project, Idaho Historic estimate, non compliant with NI 43-101, of 1.3m tons grading 0.59% Cobalt - estimated by previous explorers. Located in Central Idaho, approximately 42 kilometers from the town of Salmon Property encompasses: 1,797 acres in 90 lode mining claims,
Slide 6: Historic Estimates
Historic Estimates USCO considers the cobalt and copper tonnage and grade estimates above as historical estimates. The historical estimates do not use categories that conform to current CIM Definition Standards on Mineral Resources and Mineral Reserves as outlined in National Instrument 43-101, Stan
Slide 7: Iron Creek – No Name Zone
Iron Creek – No Name Zone Patented Claim Boundary, Drill Roads and Underground Workings Next Slide: Adit #1 Adit #1 0 300 600 N Scale in feet USCO:TSX-V 7
Slide 8: Adit #1 Channel Samples - Cobalt
Adit #1 Channel Samples - Cobalt Iron Creek – No Name Zone Adit #1 Channel Samples Cobalt Results Adit #1 N Cobalt in Channel Samples 0 50 100 Exceeds 0.5% Cobalt Adit #1 Scale in feet 0.3% to 0.49% Cobalt USCO:TSX-V 8
Slide 9: Adit #1 Channel Samples - Copper
Adit #1 Channel Samples - Copper Iron Creek – No Name Zone Adit #1 Channel Samples Copper Results Adit #1 N 0 50 100 Scale in feet Channel Sample USCO:TSX-V 9
Slide 10: Iron Creek – No Name Zone Target Information
Iron Creek – No Name Zone Target Information Historic Drill Holes, Roadcut Samples Historic Estimate: 0.23Mt Target Historic Estimate: 1Mt Target o Dips North 75 Adit #1 Cobalt in Historic Drilling Iron Creek Exceeds 0.5% Cobalt 0.3% to 0.5% Cobalt 0.1% to 0.29% Cobalt Footwall Target Copper in Road
Slide 11: Iron Creek – 2017 Surface Drill Hole Map
Iron Creek – No Name Zone 2017 Surface Drill Hole Map Historic Estimate: 0.23Mt Target Historic Estimate: 1Mt Target Dips North 75o Adit #1 N Iron Creek 0 300 600 Footwall Target Scale in feet USCO:TSX-V 11
Slide 12: Iron Creek – 2017 Drill Hole Map with Results
Iron Creek – No Name Zone 2017 Surface Drill Hole Map with Results for Holes 1-25,27,29,30 Historic Estimate: Historic Estimate: 0.23Mt Target 1Mt Target o Underground Dips North 75 Drill Bay #1 Adit #1 N Cobalt (Eq) in 2017 Drilling Iron Creek Exceeds 0.5% CoEq 0 0.20% to 0.5% CoEq 300 600 0.10% to
Slide 13: Iron Creek Cross Section #1
Iron Creek Cobalt Drill Results Iron Creek Cross Section #1 Section #1 – Looking N55W Cobalt Results - Looking N55W 6,600 Z Copper zones in historic roadcut sampling IC17-03: 70’ @ 0.38% Co including 20’ @ 0.78% Co and 6,400 Z IC17-02: 11’ @ 0.21% Co 70’ @ 0.44% Co including 10’ @ 0.53% Co and inclu
Slide 14: Iron Creek Cross Section #2
6,600 Z Iron Creek Cross Section #2 Cobalt Results – Looking N55W Adit #1 Channel Sampling: 60’ @ 0.33% Co including 20’@ 0.53% Co Adit #1 including 10’@t 1.02% Co 6,400 Z IC17-10: 95’ @ 0.31% Co IC17-12: including 65’ @ 0.21% Co 52’ @ 0.40 % Co including including 25’ @ 0.33% Co 12’ @ 0.61 % Co and
Slide 15: Iron Creek Cross Section #3
Iron Creek Cross Section #3 Cobalt Results - Looking N44E No Name Zone Surface Trace Adit #2 IC17-18: IC17-19: 20’ (6.1m) @ 0.24% CoEq 64’ (19.5m) @ 0.37% CoEq including And 20’ (6.1m) @ 0.46% CoEq Adit #1 5’ (1.5) @ 0.64% CoEq And 36.3’ (12.6m) @ 0.20% CoEq including IC17-14: 6.3’ (1.9m) @ 0.41% Co
Slide 16: Iron Creek Cross Section #4
No Name Zone Iron Creek Cross Section #4 Surface Trace Cobalt Results - Looking N68W 6400Z IC17-21: 74.7’ (22.8m) @ 0.26% CoEq including IC17-23: 55.4’ (16.9m) @ 0.31% CoEq 351.6’ (107.2m) @ 0.13% CoEq which includes including 8.9’ (2.7m) @ 0.43% CoEq 37.5’ (11.4m) @ 0.24% CoEq and includes which in
Slide 17: Iron Creek Cross Section #5
6800Z Cross Section #5 Cobalt Results - Looking N68W 6600Z Adit-2 IC17-30: 6400Z 50.2 ft @ 0.0.31% CoEq IC17-24: Including 14.6 ft @ 0.57% CoEq 6.2 ft @1.15% CoEq And And 139 ft @ 0.16% CoEq 69.6 ft @ 0.17% CoEq including Adit #2, Drill Bay #1 - massive sulfides Including 8.6 ft @ 0.35% CoEq 49.6 ft
Slide 18: Iron Creek Cross Section #6
Cross Section #6 No Name Zone Cobalt Results - Looking N66W Surface Trace Adit 1 Previously announced 6400Z IC17-10: Previously announced IC17-12 Previously IC17-14 announced Previously announced IC17-06: Previously announced Adit #2 – Installing phones IC17-08: Previously announced IC17-29: 6200Z N
Slide 19: Drill Results to March 2018
Drill Results to March 2018 Drill Holes 1 – 13 are reported as Cobalt grades Expanded sampling for 8 of these holes will be updated as CoEq grades Drilled True Average Drilled True Average Hole ID From To From To Width Width Cobalt % Width Width Cobalt % IC17-01 300 315 15 0.17 and 430 445 15 0.23 a
Slide 20: Drill Results to March 2018
Drill Results to March 2018 Drill Holes 1 – 13 are reported as Cobalt grades Expanded sampling for 8 of these holes will be updated as CoEq grades Drilled True Average Drilled True Average Hole ID From To From To Width Width Cobalt % Width Width Cobalt % IC17-07 170 180 10 0.41 and 200 210 10 0.18 a
Slide 21: Drill Results to March 2018
Drill Results to March 2018 Drill Holes 14 – 23 are reported as CoEq grades Drilled True True Thick Hole ID From feet To feet Length Thick Cu % Cobalt% CoEq% Meters feet Feet IC17-14 62 394.5 332.5 116 35.4 0.34 0.09 0.12 including 62 240 178 58.3 17.8 0.23 0.11 0.13 which includes 75.7 92 16.3 5.3
Slide 22: Drill Results to March 2018
Drill Results to March 2018 Drill Holes 14 – 23 are reported as CoEq grades Drilled True Thick True Thick Hole ID From feet To feet Cobalt% CoEq% Length feet Feet Meters Cu % IC17-17 154.5 665.5 511 364.4 111.1 0.13 0.11 0.13 which includes 154.5 245 90.5 63.4 19.3 0.14 0.1 0.12 which includes 225 2
Slide 23: Drill Results to March 2018
Drill Results to March 2018 Drill Holes 14 – 23 are reported as CoEq grades Drilled True True From HoleID To feet Length thickness thickness Cobalt% Copper% CoEq % feet feet feet meters IC17-21 129.0 203.7 74.7 68.4 20.8 0.23 0.32 0.26 including 129.0 184.4 55.4 50.5 15.4 0.29 0.25 0.31 which includ
Slide 24: Drill Results to March 2018
Drill Results to March 2018 Drill Holes 24, 25 and 27 are reported as CoEq grades Drilled True Hole ID and To True From feet Length Width Cobalt % Copper% CoEq % description feet Width feet feet meters IC17-24 Interval 633.1 647.7 14.6 12.8 3.9 0.23 3.53 0.57 Western extent including 642.5 647.7 5.2
Slide 25: Drill Results to March 2018
Drill Results to March 2018 Drill Holes 29 and 30 are reported as CoEq grades Drilled True True Hole ID and To Cobalt From feet Length Width Width Copper% CoEq % description feet % feet feet meters IC17-29 Interval Main Historic 182.3 185 2.7 1.9 0.6 0.52 0.08 0.52 Estimate Target Interval 239.8 245
Slide 26: Management
Management WAYNE TISDALE President, CEO & Director Wayne Tisdale has 40 years of experience in investing, financing and consulting to private and public companies in the areas of mining, oil and gas, and agriculture. He runs his own merchant bank and sits on the board of a number of private and publ
Slide 27: Management
Management MICHELLE GAHAGAN Chair & Director Ms. Gahagan has been a director of US Cobalt since January, 2011. Ms. Gahagan is currently a director of Moovly Media Inc (TSXV: MVY) and Versus Systems Inc. (CSE:VS). Prior to her involvement in merchant banking, Ms. Gahagan graduated from Queens Univers
Slide 28: Capital Structure
Capital Structure Source: www.tmxmoney.com 2/26/2018, Six month chart TRADING SYMBOLS: FINANCINGS TO DATE: TSX Venture USCO $2m at $0.20 Frankfurt 26X $500k at $0.23 US USCFF $1m at $0.45 $1.7m at $0.85 Outstanding 67.2 Million $5.75m at $0.53 Warrants 17.3 Million 52 week High FUTURE FINANCING NEED
Slide 29: Contact
Contact CORPORATE ADDRESS: 302 – 1620 West 8th Ave. Vancouver, BC V6J 1V4 Canada www.uscobaltinc.com FOR FURTHER INFORMATION PLEASE CONTACT: Kelsey Chin Corporate Secretary Phone: (604) 639 4457 Email: info@uscobaltinc.com USCO:TSX-V 29