West Cobar Metals Ltd. · ASX:WC1
West Cobar Metals — Merger or Acquisition (September 2022)
18 slides from West Cobar Metals's merger presentation, Sep 13, 2022
Slide 1: Acquisition of Australian Rare Earth Clay Project
For personal use only ACQUISITION OF AUSTRALIAN RARE EARTH CLAY PROJECT 13 September 2022
Slide 2: Disclaimer
WEST COBAR METALS DISCLAIMER For personal use only This document has been prepared by West Cobar Metals Ltd (“West Cobar”) in connection with providing an overview of its business to interested parties/analysts/investors. This presentation is being provided for the sole purpose of providing prelimin
Slide 3: Salazar REE Clay Project Overview
SALAZAR REE CLAY PROJECT OVERVIEW For personal use only ● West Cobar has entered into conditional binding agreements to acquire the Salazar Rare Earth Element (REE) clay project in southern Western Australia ● Salazar has had over $2.7M spent on exploration and technical work over the past eight yea
Slide 4: Why Rare Earths
SALAZAR REE CLAY PROJECT WHY RARE EARTHS For personal use only ● The Western World has identified rare earths as critical raw materials with high economic significance and high supply risk to future economies ● As China dominates the global REE supply chain and with increasing geopolitical tensions, t
Slide 5: Transaction Metrics
SALAZAR REE CLAY PROJECT TRANSACTION METRICS For personal use only ● West Cobar has entered into conditional binding Total number of shares currently on issue (undiluted) 41,500,000 agreements to acquire Salazar Minerals Pty Ltd for consideration of up to 39m shares (subject to Consideration Shares
Slide 6: Excellent Location and Infrastructure
SALAZAR REE CLAY PROJECT EXCELLENT LOCATION AND INFRASTRUCTURE For personal use only ● Western Australia is a low sovereign risk, ethical and proven mining jurisdiction ● The project area is located 120 km north-east of the township and deep-water port of Esperance ● Essential infrastructure already
Slide 7: Newmont REE Deposit
SALAZAR REE CLAY PROJECT NEWMONT REE DEPOSIT For personal use only Inferred Mineral Resource Estimate by CSA – 2018 Cut-off Tonnes TREO + TREO LREO HREO U Th ● Tenure comprises granted tenement E63/1496 TREO + Y2O3 (Mt) Y2O3 (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) ● *JORC Resource already in place
Slide 8: Newmont Comparison Table
SALAZAR REE CLAY PROJECT NEWMONT COMPARISON TABLE For personal use only *The Newmont resource grades and tonnages compare favourably Company Deposit Resource Status Resource Million Grade TREO Cut-off Pr6O11 Nd2O3 Dy2O3 Tb4O7 Category Y2O3 ppm ppm ppm ppm ppm with other known clay deposits Tonnes out
Slide 9: Newmont Metallurgy & Studies
SALAZAR REE CLAY PROJECT NEWMONT METALLURGY & STUDIES For personal use only Technical work on the deposit has involved reputable institutions including the CSIRO, the University of Western Australia and the University of Newcastle and mineral processing firms Nagrom and Amdel ● Early metallurgical st
Slide 10: O'Connor Prospect
SALAZAR REE CLAY PROJECT O’CONNOR PROSPECT For personal use only ● The Salazar Project also includes the O’Connor prospect which is located 10kms to the south-east of Newmont within granted tenement E63/1469 ● *Thirty vertical aircore and reverse circulation (RC) holes for a total of 901 meters have
Slide 11: Newmont Deposit Rare Earth Co-Product Advantage
NEWMONT DEPOSIT RARE EARTH CO-PRODUCT ADVANTAGE For personal use only ● Newmont deposit has a potential co-product Inferred Alumina JORC Estimate by CSA – 2018 advantage with excellent in-situ alumina grades ● *Inferred JORC Resource already in place (28.3 Mt at Cut-off (Al%) Mt Al % Al2O3 % 23.4% Al
Slide 12: West Cobar NSW Projects
QUEENSLAND WEST COBAR METALS WEST COBAR NSW PROJECTS For personal use only NANTILLA Three projects at various stages of exploration 100-200 km west of BULLA PARK Cobar Cobar 1. Bulla Park Project –Stratabound-structural copper (+silver) NEW SOUTH 2. Cawkers Well – Gold CAWKERS WELL WALES 3. Nantilla
Slide 13: Bulla Park Copper Project
WEST COBAR METALS BULLA PARK COPPER PROJECT For personal use only ● *Historical diamond hole19CA002 intersected 135m of 0.24% Cu, including 33m of 0.45% Cu ● *The initial drill results received from Bulla Park in late 2021 downgraded the immediate prospectivity for economically mineable mineralisati
Slide 14: Cawkers Well and Nantilla – Gold & Base Metals
WEST COBAR METALS CAWKERS WELL AND NANTILLA – GOLD & BASE METALS For personal use only CAWKERS WELL ● Sediment-hosted, structurally controlled gold mineralisation related to NW structures in regional aeromagnetics ● *RC drill intersections include 18m @ 0.22g/t Au and 8m 0.84g/t Au. Only three previ
Slide 15: Board and Management
BOARD AND MANAGEMENT HIGHLY EXPERIENCED TEAM WITH A STRONG TRACK RECORD For personal use only Robert Klug (LLB, B Comm) – Non Exec Chairman Matt Szwedzicki (B Eng (Hons), B Comm, GAICD) - Non Exec Director - Australian qualified resources and corporate - 20+ years of resources-focused corporate and c
Slide 16: Early Mover Advantage: Proposed Next Steps
EARLY MOVER ADVANTAGE PROPOSED NEXT STEPS For personal use only ● Infill drilling to increase confidence in Newmont resource (subject to statutory environmental and heritage approvals) ● Further metallurgical test work: ○ Optimise front-end through beneficiation methods under investigation ○ Optimise R
Slide 17: Why Invest?
WEST COBAR METALS WHY INVEST? For personal use only ADVANCED NEW ASSET 8 + A YEARS Substantial high grade REE clay asset with over 8 years’ exploration, testwork and studies completed to date UPSIDE POTENTIAL HIGH GRADE ADVANCED ASSET UPSIDE POTENTIAL Enterprise value offers Substantial REE clay reso
Slide 18: Contact
CONTACT GET IN TOUCH For personal use only David Pascoe CEO david.pascoe@westcobarmetals.com.au +61 448 274 917 Kevin Das Executive Director kevin.das@westcobarmetals.com.au +61 421 077 523 18
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