Cobre Limited · ASX:CBE
Cobre — 121 Mining Investment Conference, Cape Town 2025
27 slides from Cobre's conference presentation, Feb 4, 2025
Slide 1: Unlocking the Kalahari Copper Belt
For personal use only Unlocking the Kalahari Copper Belt Botswana 121 | Cape Town February 2025 This presentation has been approved by Cobre’s CEO ASX: CBE
Slide 2: Disclaimer
Disclaimer Not for release to US wire services or distribution in the United States. For full exploration results including relevant JORC Table information and Competent Persons Statements referred to in this Company Presentation, refer to the Company’s announcements This investor presentation has b
Slide 3: Corporate Snapshot
For personal use only 01 Snapshot Corporate
Slide 4: Corporate Structure
Corporate Structure As at 28/01/2025 Capital Structure Shareholder Structure For personal use only Share Price (as at 24/01/25) A$0.056 Shares on issue 427.3M Strata Investment Holdings Market Capitalisation A$23.5M HSBC Custody Nominees Cash Position (as at 31/12/24) A$3,517K Holland International
Slide 5: Board of Directors
Board of Directors Strong Leadership For personal use only Martin C Holland Adam Wooldridge Dr Ross McGowan Michael McNeilly Michael Addison Andrew Sissian Executive Chairman Chief Executive Officer Non-Executive Director Non-Executive Director Non-Executive Director Non-Executive Director Mr Hollan
Slide 6: Kalahari Copper Belt
For personal use only 02 Kalahari Copper Belt Resource drilling, Ngami Project
Slide 7: Why The Kalahari Copper Belt?
Why The Kalahari Copper Belt? In 2023 KCB becomes a copper producing district: Khoemacau Copper Mine and exploration assets sold for 1.9 B$ to MMG 1; For personal use only Sandfire’s Motheo Production hub starts production in record time. KCB remains underexplored and is regarded as one of the world
Slide 8: Kalahari Copper Belt – Significant Opportunity Under Cover
Kalahari Copper Belt – Significant Opportunity Under Cover For personal use only ol o l sol t o rt l st r or sm m l m l t s t s o m r l st ms Copper-silver discoveries in the Kalahari Copper Belt by decade and primary discovery tool >40m cover 8 Cape Town | Feb 2025 ASX: CBE
Slide 9: Belt-Scale Opportunity
Belt-Scale Opportunity Okavango Project along 100%-ownership strike from MMG of highly-prospective copper and silver exploration tenements in the KCB. For personal use only Development Ngami Project Second largest tenement package in ISCR Development the Botswana KCB consisting of four highly strate
Slide 10: Explore Big: Three-Pronged Strategic Target Approach
Explore Big Identify the next tier 1 deposit through BHP Earn- 03 For personal use only in to Joint Venture Three-Pronged Strategic Target Drilling Approach Potential for short-term discoveries to Discovery Development Potential Prove viability for copper- silver extraction using in- situ recovery S
Slide 11: 1. Explore Big: Finding The Next Tier Deposit
1. Explore Big : Finding The Next Tier 1 Deposit Cobre is currently negotiating an Earn-in to Joint Venture Agreement with BHP For personal use only Big thinking discovery focussed exploration with support from BHP ➢ Focus on Kitlanya Basin Margin Projects Priority setting for most large sedimentary
Slide 12: 2. Strategic Target Drilling: Okavango Copper Project
2. Strategic Target Drilling : Okavango Copper Project Drilling Targets along Strike from MMG’s For personal use only Zone 5 Production Strike extension from MMG’s production hub 39% of the remaining unexplored prospective contact, NE KCB 186km of prospective contact Comparable gravity signature to
Slide 13: Strategic Target Drilling: Along Strike from MMG
Strategic Target Drilling: Along Strike from MMG For personal use only Anomalous Vein Hosted Copper Sulphides (see ASX announcement 13 August 2024) 13 Cape Town | Feb 2025 ASX: CBE
Slide 14: Ngami Copper Project: 3. ISCR Development Opportunity
Ngami Copper Project: 3. ISCR Development Opportunity For personal use only 40km Strike of Copper Silver Mineralisation Consistent chalcocite mineralisation intersected along extensive strike lengths Structurally controlled high-grade intersections include: Untested strike 9.3m @ 3.4% Cu 10.7m @ 1.3
Slide 15: Ngami Copper Project: Exploration and infill drilling underway
Ngami Copper Project Exploration and infill drilling underway Exploration drilling identifies new priority Cosmos target Ongoing infill resource drilling designed to bring first portion of the Comet For personal use only target into JORC category Tonnage Cu% Category Mean Min Max Mean Min Max Confid
Slide 16: Essential Criteria for In-Situ Copper Recovery
Ngami Copper Project Essential Criteria for In-Situ Copper Recovery For personal use only Mineralisation suitable for Ore Body below Suitable Host Acid Leaching: Water Table: Rock Permeability Fine-grained chalcocite ideal for Water table at 130m to 140m below Detailed fracture logging, AI-driven hy
Slide 17: In-Situ Copper Recovery: Active Pump Tests Prove Hydrogeology
In-Situ Copper Recovery : Active Pump Tests Prove Hydrogeology For personal use only Drilling of injection and monitoring wells into the primary mineralised fracture zone and less permeable hangingwall and footwall completed Injection of water demonstrates amenable permeability of mineralised fractu
Slide 18: In-Situ Copper Recovery: Injection/Pumping Testing Proves Hydrogeology
In-Situ Copper Recovery Injection/Pumping Testing Proves Hydrogeology For personal use only 3 1 2 1 2 3 18 Cape Town | Feb 2025 ASX: CBE
Slide 19: In-Situ Copper Recovery: Metallurgical test work returns high recoveries
Ngami Copper Project: In-Situ Copper Recovery Metallurgical test work returns high copper-silver recoveries Bottle roll test recoveries up to 90.7% copper with minimal reagent consumption For personal use only Long-term leach-box tests designed to simulate in-situ environment in progress injection p
Slide 20: In-Situ Copper Recovery: Metallurgical, Engineering and Financial Modelling
In-Situ Copper Recovery : Metallurgical, Engineering and Financial Modelling Completed For personal use only Gap Analysis – confirms viability of ISCR model Trade-off study – confirms ISCR presents optimal extraction method Engineering and Financial studies confirm ISCR as a viable extraction method
Slide 21: Australia High Purity Quartz
For personal use only 04 Australia High Purity Quartz
Slide 22: High Purity Quartz (HPQ): Exploration Target
High Purity Quartz (HPQ): Exploration Target ▪ Multiple Quartz Units identified and sampled across the Perrinvale Project supporting a significant estimated JORC Exploration Target of 5.1 Mt to 28.3 Mt at a pre-beneficiation SiO2 grade of 99.1% to 99.6% For personal use only 1 Maiden High Purity Qua
Slide 23: Investment Opportunity
Investment Opportunity Strategic Belt-Scale Land Package For personal use only Opportunity for Tier 1 Discoveries. Opportunity for Near Term Wins through Strategic Target drilling Opportunity for Low OPEX, Low CAPEX Copper- silver ISCR development Top African Mining Jurisdiction: Botswana ranks top
Slide 24: Contact Us
For personal use only Contact Us www.cobre.com.au info@cobre.com.au ASX: CBE
Slide 25: Appendix A: In-Situ Recovery Comparisons
Appendix A: In-Situ Recovery Comparisons Taseko Mines Limited Copper Fox Van Excelsior Gunnison Thor Mining Alford Kapunda Mine Uranium Florence Copper Dyke Deposit Copper Deposit 102Mt @ 0.23% 57% 363 mT @ 0.35% Cu (M+I)1 97.6 Mt @ 0.33% Cu 911.6 Mt @ 0.29% 125.6 Mt @ 0.14% Cu3 of the total uranium
Slide 26: Appendix B: High Purity Quartz A Critical Source Of Silicon
Appendix B: High Purity Quartz A Critical Source Of Silicon ▪ As technology develops and the world is moving towards carbon reduction and electrification, silicon (Si) has been recognised as critical by many governments. For personal use only High-purity quartz (HPQ) is the only naturally occurring
Slide 27: Appendix B: High Purity Quartz A Critical Source Of Silicon
Appendix B: High Purity Quartz A Critical Source Of Silicon ▪ As silica content increases so does the value of the refined silica product. Relative Prices of Silicon Products as Purity Increases For personal use only Product Purity (Si %) Price ($AUD/t) Silicon Metal ≥98.5 $ 405 Recharging Polysilic
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