Cobre Limited · ASX:CBE
Cobre — 121 Mining Conference, June 2021
32 slides from Cobre's conference presentation, Jun 16, 2021
Slide 1: The Beginning of the Copper Super Cycle
This presentation has been approved by the Board of Cobre Limited For personal use only The Beginning of… …The Copper Super Cycle 121 Mining Conference, June 2021 ASX: CBE June 2021
Slide 2: Disclaimer
Disclaimer Not for release to US wire services or distribution in the United States. For personal use only This investor presentation has been prepared by Cobre Limited (ACN 626 241 067). This presentation is for information purposes only. This presentation is not a prospectus nor an offer for secur
Slide 3: Cobre Capital Structure
Cobre Capital Structure For personal use only S h are P ri c e (As of 10 June 2021) 21 cps Shares on issue 156,649,877 Market capitalisation $32.896m Cash at bank as at 23 April* $8.647m Options on Issue –exercise price 20cps 13,249,000 Options on Issue – exercise price 30cps 2,000,000 Options on Is
Slide 4: Board of Directors – Strong Leadership
Board of Directors – Strong Leadership For personal use only Martin C Holland Andrew Sissian Michael McNeilly Michael Addison Executive Chairman & Managing Director Finance Director Non-Executive Director Non-Executive Director Mr Holland is a mining executive with over 12 Mr Sissian has experience
Slide 5: Diversified Cu Focused Explorer
Diversified 29 Cu Focused Explorer Cu Copper High quality exploration and development pipeline to underpin Copper’s For personal use only 63.546 future growth in the electric vehicle and renewable energy sector ▪ Clear Growth Strategy ▪ Strong Fundamentals ▪ Set for Growth ▪ Experienced Board & Mana
Slide 6: Copper's Path to $15,000/t
Copper’s Path to $15,000/t Annual consumption growth estimated at Copper to trade up to $15,000/t by mid-decade For personal use only 1.8% and has averaged 2.5% over last 40 years to mitigate depletion risks 5 Mt deficit projected Historical and forecast Copper price ▪ No Decarbonization without cop
Slide 7: Copper will Power the Next Generation of Clean Tech
Copper will Power the Next Generation of Clean Tech EV Contain Substantially More Copper For personal use only 3 Key Drivers Than Traditional ICEs ELECTRIC VEHICLES Copper content by Type of Vehicle (Kg) ▪ EV rely on copper for the cabling and the motor coil that drives the engine ▪ Total demand in
Slide 8: EV the most significant green boost to copper demand
EV the most significant green boost to copper demand ▪ Of the 3 drivers of green copper demand in the coming decade, electric vehicles (EVs) will For personal use only be the item most salient to households. ▪ Electric vehicles have more than 5 times the copper of ICE vehicles and by the end of deca
Slide 9: Botswana: Unlocking the Prolific Kalahari Copper Belt
For personal use only BOTSWANA Unlocking The Prolific Kalahari Copper Belt In Botswana… Gaborone
Slide 10: Botswana: Kalahari Metals Ltd JV
Botswana: Kalahari Metals Ltd JV ▪ The Kalahari Copper Belt (KCB) is regarded as one of the world’s For personal use only JOINT VENTURE most prospective areas for yet-to-be-discovered sediment-hosted copper deposits by the US Geological Survey1 ▪ With shareholder’s approval, in April 2021 Cobre and
Slide 11: The Future of the KCB
The Future of the KCB Could there be a tier-one discovery left to be found? For personal use only Belt still largely under-explored, KCB remains immature in terms of discovered metal endowment. Most deposit types are traditional limb hosted on the main redox contact – with T3/A4 presenting a newer c
Slide 12: Kalahari Metals Overview
Kalahari Metals Overview For personal use only ▪ KML, together with its subsidiaries Kitlanya (Proprietary) Limited (Kitlanya) (100%) and Triprop Holdings (Proprietary) Limited (51%) hold 8,100 km2 in proximity to, and along strike from, known deposits in the Kalahari Copper Belt, Botswana. 2nd BIGG
Slide 13: Kalahari Metals Overview
Kalahari Metals Overview ▪ KML is targeting sediment hosted copper–silver deposits 2021 approved exploration For personal use only similar to those being developed by neighbours Sandfire and EXPLORATION Cupric Canyon Capital TARGET May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 ▪ Tenure consists of four
Slide 14: Mineralisation Models: Prioritise folds
Mineralisation Models: Prioritise folds Fold hinge and structurally controlled mineralisation ▪ Historically, exploration has focused on redox contact For personal use only mineralisation on fold limbs; these are easier to find using magnetic, AEM and soil sampling but can end up being deep and not
Slide 15: Exploration: Kitlanya East
Exploration: Kitlanya East Recently completed 2020 exploration programme includes: For personal use only ▪ 1,709m stratigraphic drilling and re-logging of historical core confirms prospective stratigraphy, alteration and presence of mineralisation in the North Target; ▪ 3,027 soil sample programme c
Slide 16: Exploration: Kitlanya East Drilling Underway
Exploration: Kitlanya East Drilling Underway Combination of diamond (1,000m) and reverse circulation (RC) drilling (4,000m) For personal use only Endurance Target ▪ Both Endurance & Perseverance Targets display characteristics of an imbricate fold-shear system Perseverance Target with potential for
Slide 17: Exploration: Kitlanya West Drilling Underway
Exploration: Kitlanya West Drilling Underway For personal use only ▪ Target drilling of folded AEM ‘domes’ similar to T3 and A4 ▪ Past exploration limited to soil surveys and historic AEM (GeoTem) ▪ Reprocessing of historic GeoTem AEM data highlights two potential dome areas with similarity to the A
Slide 18: Exploration: Kitlanya West
Exploration: Kitlanya West Kitlanya West to A4 (Sandfire Resources) AEM comparison Reprocessing of historic GeoTem AEM data highlights two potential dome areas with For personal use only similarity to the A4 deposit area; these are priority 1 drill targets Priority #1 Priority #1 Additional potentia
Slide 19: Why the Kalahari Copper Belt?
Why the Kalahari Copper Belt? ▪ For personal use only Sediment-hosted copper deposits account Development projects for 15% of world mine copper production include: ▪ Sandfire’s T3 deposit ▪ Deposits are often giants - more than 1/3 (60.2mt @ 1% Cu and 14 g/t Ag)3 of the known sediment-hosted copper
Slide 20: Technical Team – Botswana
Technical Team – Botswana KML’s technical team includes sediment-hosted copper specialists with significant operational experience For personal use only Adam Wooldridge Dr Ross McGowan David Catterall Thomas Rogers Dr Wesley Hall BSc Hons Pr. Sci. Nat. PhD MSc Pr. Sci. Nat. BSc Hons MSAIMM PhD Adam
Slide 21: Strategic money in the ground JV budget
Strategic money in the ground JV budget 2020 For personal use only Exploration Budget Breakdown ▪ Completed stratigraphic drilling and soil sampling on South anticline target KIT-E North anticline target ▪ Completed soil sampling, AEM and magnetic survey 2021 ▪ Completed stratigraphic drilling and s
Slide 22: Australia: High grade VHMS deposit in Western Australia
For personal use only AUSTRALIA High grade VHMS deposit in Western Australia Kalgoorlie Perth
Slide 23: Why Western Australia? A World Leader
Why Western Australia? A World Leader The ▪ WA ranks among the top 5 global producers for cobalt (4% global For personal use only Resources share), rare earths (10%) and nickel (7%) in 2019, & with Sector explorers recently turning focus to copper WA could be well on accounts for nearly the way to b
Slide 24: Perrinvale VHMS Project
Perrinvale VHMS Project ▪ Located 290km NW of Kalgoorlie, covering 408km2 across 10 For personal use only under explored tenements Exploration success to date: ▪ 2019: second hole into Schwabe 5m at 9.75% Cu, 3.1% Zn, 3.2g/t Au, 34g/t Ag from 50m1 VHMSa mineralisation ▪ 2020: drilling better defines
Slide 25: Perrinvale VHMS Project
Perrinvale VHMS Project 2021 the search expands: For personal use only ▪ Apart from Ponchiera North, Costa del Islas & Piega del West, 2020 drilling was limited to areas with past base metal results, with all but three drill holes on a single central tenement > large areas of the project remain unte
Slide 26: Perrinvale VHMS Project
Perrinvale VHMS Project 2021 the search expands with boots on the ground: For personal use only ▪ An extensive programme of field exploration is now underway to quantify the potential of the full project area ▪ Surface sampling is the first stage of the programme, combined with ground truthing condu
Slide 27: Sandiman Project
Sandiman Project For personal use only First earn-in completed shows Mississippi Valley Type base metal potential 6.34 g/t Ag, & secures Cobre 51% of the project >1.0% Pb, 0.3% Zn, 133ppm Cu ▪ 202km2 tenement located 200km east of Carnarvon and 0.61% S ▪ Earn-in and JV Agreement with private company
Slide 28: Active investment in Gabon
For personal use only Active investment in: GABON Belt-scale project focused on magmatic Ni-Cu discovery in Gabon
Slide 29: Armada Overview
Armada Overview ▪ Portfolio of belt-scale projects covering an area of ~3000km2 focused on Ni-Cu For personal use only discovery ▪ First mover advantage targeting untested Ni-Cu (Co-PGM) sulphides in Gabon ▪ Strong land holding (100%-ownership), with >5-year validity, in a stable country with solid
Slide 30: Armada's Company Structure
Armada’s Company Structure ▪ Private company registered in Mauritius owning a Gabon subsidiary which For personal use only in turn holds a 100% interest in the exploration licences Armada Exploration Limited (Mauritius) ▪ Major shareholders: Shareholder % 100% Resource Exploration & Development Grou
Slide 31: References
References Slides For personal use only 1. Announcement to the ASX dated 24 August 2020 available at https://www2.asx.com.au/markets/trade-our-cash-market/announcements.cbe 10 1. Sandfire Resources Ltd announcement to the ASX dated 1 December 2020 available at https://www.sandfire.com.au/site/PDF/1f
Slide 32: Thank you
Thank you For personal use only For more information contact: www.cobre.com.au info@cobre.com.au