Conico Ltd · ASX:CNJ
Conico — Shareholder Meeting (November 2017)
13 slides from Conico's shareholder meeting presentation, Nov 24, 2017
Slide 1: Conico Ltd Annual General Meeting
www.mtthirstycobalt.com For personal use only Conico Ltd Annual General Meeting By Guy Le Page, Director 24 November 2017
Slide 2: Disclaimer
DISCLAIMER For personal use only Certain statements made during or in connection with this communication, including, without limitation, those concerning the economic outlook for the exploration industry, expectations regarding commodity prices, production, cash costs and other operating results, gr
Slide 3: Mt Thirsty Cobalt Project
MT THIRSTY COBALT PROJECT www.mtthirstycobalt.com The Mt Thirsty Cobalt Project is a 50:50 For personal use only JV between Conico Ltd and Barra Resources Ltd (ASX:CNJ) Located 20km NW of Norseman, WA An undeveloped cobalt oxide deposit, with nickel sulphide potential (previous intersections of 2m @
Slide 4: Scoping Study
Mt Thirsty Cobalt Project – Scoping Study www.mtthirstycobalt.com Scoping study released on 5 October 2017 delivered a robust result, For personal use only illustrating a long mine life, low capital-intensive operation Item Base Case Cost Range Process Plant Throughput 1.5Mtpa Cobalt Head Grade 0.
Slide 5: Scoping Study commodity price assumptions
Mt Thirsty Cobalt Project – Scoping Study www.mtthirstycobalt.com Scoping study used commodity prices (2017 Real) of: For personal use only Cobalt US$62,000/t ($28.1/lb) escalating at 1.5% p.a Nickel US$12,240/t ($5.6/lb) escalating at 2.5% p.a Currency A$: US$0.74 Macquarie recently increased C
Slide 6: Scoping Study processing flowsheet
Mt Thirsty Cobalt Project – Scoping Study www.mtthirstycobalt.com For personal use only The key to commercialisation of Mt Thirsty is the atmospheric pressure, low temperature leach processing route, using sulphur dioxide as the active reagent Overall metal recovery from ROM ore to MSP with the sele
Slide 7: Strong Market Fundamentals due to Government Mandated move to Vehicle Electrification
Strong Market Fundamentals due to Government Mandated move to Vehicle Electrification www.mtthirstycobalt.com “We are going to introduce electric vehicles in a very For personal use only big way. We are going to make electric vehicles self- sufficient like UJALA. The idea is that by 2030, not a sing
Slide 8: Strong Market Fundamentals
Strong Market Fundamentals www.mtthirstycobalt.com For personal use only Demand for cobalt driven by: Supply of cobalt: Surge in Lithium-ion battery usage – renewable Primarily a by-product of nickel and copper mining energy Dominated by Democratic Republic of Congo (DRC) – Electronics,
Slide 9: For personal use only
Mt Thirsty Cobalt Project www.mtthirstycobalt.com For personal use only Demand for cobalt looks strong Supply under pressure due to nickel mine closures and DRC volatility Battery manufacturers are looking to reduce cobalt use, with the most likely substitute being nickel Mt Thirsty’s produc
Slide 10: The Next Steps
Mt Thirsty Cobalt Project www.mtthirstycobalt.com For personal use only The Next Steps Continue to investigate methods of enhancing value such as test work to optimise metallurgical recoveries and rationalisation of regional ownership Seeking a joint venture partner to fund further studies (such
Slide 11: The Next Steps…
Mt Thirsty Cobalt Project www.mtthirstycobalt.com For personal use only The Next Steps… Improvement of metallurgical recoveries is an area of specific focus Further studies into the introduction of additional reagents in the leaching process, following up previous test work that delivered Cobalt
Slide 12: Proposed Project Timeline
Mt Thirsty Cobalt Project www.mtthirstycobalt.com For personal use only Proposed Project Timeline Late CY 2020 Mid CY 2019 Early to Mid CY 2019 Mid to Late CY 2018 Construction Permitting/ Complete-Plant Decision to Commissioning Feasibility Mine October 2017 Study Pre Feasibility Study Scoping Stud
Slide 13: Disclaimer
Mt Thirsty Cobalt Project For personal use only Disclaimer The interpretations and conclusions reached in this report are based on current geological theory and the best evidence available to the authors at the time of writing. It is the nature of all scientific conclusions that they are founded on