West Cobar Metals Ltd. · ASX:WC1
West Cobar Metals — Investor Presentation (November 2022)
18 slides from West Cobar Metals's investor presentation, Nov 4, 2022
Slide 1: Leading the Australian Rare Earth Clays Charge
For personal use only LEADING THE AUSTRALIAN RARE EARTH CLAYS CHARGE Salazar Project, WA 4 November 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 completed the acquisition of the Salazar Rare Earth Element (REE) clay project in southern Western Australia ● Drilling has delineated a significant JORC (2012) compliant resource: ○ Newmont deposit Inferred Resource of 43.5 Mt
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,
Slide 5: Corporate Snapshot
SALAZAR REE CLAY PROJECT Corporate Snapshot For personal use only Capital Structure Share Price and Volume Total number of shares currently on issue 80,500,000 0.35 10 Options on issue 16,000,000* 9 0.3 8 Share Price (@ 3 Nov 2022) $0.18 0.25 7 Millions Market Cap (undiluted) $14.5m 0.2 6 5 Cash Bal
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 ● Esperance is earmarked as a pot
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) Y 2 O3 (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) ● JORC Resource already in plac
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 with other known clay deposits Category Tonnes Y2O3 ppm ppm ppm ppm ppm 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 s
Slide 10: 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 11: O'Connor Prospect
SALAZAR REE CLAY PROJECT O’CONNOR PROSPECT For personal use only ● Salazar 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 metres* have been drille
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. Nantill
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* ● Initial drill results received from Bulla Park in late 2021 downgraded the immediate prospectivity for economically mineable mineralisation as
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 previo
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
Slide 16: Early Mover Advantage: Proposed Next Steps
EARLY MOVER ADVANTAGE PROPOSED NEXT STEPS For personal use only Salazar REE Project: ○ Drilling - expedite drilling to increase confidence in Newmont resource and follow up encouraging initial results at O’Connor ○ Optimisation Studies - re-engage experts to optimise front-end through beneficiation
Slide 17: Why Invest?
WEST COBAR METALS WHY INVEST? For personal use only 8 YEARS UPSIDE POTENTIAL HIGH GRADE ADVANCED ASSET Enterprise value offers Substantial REE clay resource significant upside as projects and 8+ years’ testwork and progress studies STRONG NEWSFLOW Multiple price catalysts loom as activity increases
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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