Cobre Limited · ASX:CBE
Cobre — Investor Presentation (February 2019)
21 slides from Cobre's investor presentation, February 2019
Slide 1: Investor Presentation February 2019
Investor Presentation February 2019 PRIVILEGED AND CONFIDENTIAL
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Cobre and its subsidiaries (“Cobre” or the “Company”) and is for information purposes only. No representation or warranty, express or implied, is made as to the fairness, accuracy, relevance completeness or correctness of the information, opinions an
Slide 3: 2018 – Copper in the news
2018 – Copper in the news PRIVILEGED AND CONFIDENTIAL 3
Slide 4: Investment Summary
Investment Summary Cobre is raising $450K @ 5cps at an EV of $1.8M to fund exploration of our WA copper project Macro: The Copper market has a number of appealing long term investment dynamics: • Copper is in short to declining supply • Copper demand is being driven by the power industry, the popula
Slide 5: Copper demand to be driven by EV growth
Copper demand to be driven by EV growth An EV uses 74kg of copper vs a traditional combustion engine of 24kg(1). • Electric Vehicles (EVs) have the potential to be a disruptive force underpinning long term demand for Copper into the future Copper Wiring Required In Each Make Of Vehicle • Glencore co
Slide 6: Copper – the best outlook in years
Copper – the best outlook in years Positive upside risk to the Copper price driven by: • Forecast Demand: Robust; Copper is critical to EV transition • Supply Constraints: Historic underinvestment, grade declines, recent strike action and few development prospects • Forecast Pricing: Average annual
Slide 7: Copper is moving to a supply deficit
Copper is moving to a supply deficit The time is right for new discoveries supported by a long term sustainable demand dynamic • Copper is not being developed fast enough to meet demand and is increasingly becoming a precious metal • High grade, shallow depth, discoveries are limited, existing proje
Slide 8: Western Australia Perinnvale Project
Western Australia Perinnvale Project A detailed Independent Geological Report (IGR) has highlighted priority targets associated with VMS style Cu-Zn mineralization examination of samples confirms evidence of massive sulphide mineralization and copper mineralization Prospects Resource Comment Schwabe
Slide 9: Perrinvale tenements
Perrinvale tenements All licenses are in good standing and part of an Independent Geological Report (IGR) including a full exploration database, geological mapping and interpretation, surface geochemistry, geophysics and historical drilling Tenement Status Grant Date Expiry Purchase Price Annual Ren
Slide 10: Western Australian Copper Project
Western Australian Copper Project • Perrinvale Project located in WA’s Eastern Greenstone Belt covering an underexplored 350km2 across 10 Tenements • The Project overlies two under-explored greenstone belts with proven history of gold and base metal mineralisation • The Project has excellent site ac
Slide 11: Perrinvale Project Geochemistry
Perrinvale Project Geochemistry • Cobre has a full compilation database of historic surface geochemistry and rock chip sampling • Confirmed RC historic drilling intervals of 6m at 2.78% CU and 6.43% Zn from 30m; and 4m at 4.6% Cu and 2.1% Zn from 92m • Confirmed rock chip sampling returns Copper min
Slide 12: Perrinvale Project VMS Targets
Perrinvale Project VMS Targets Schwabe Prospect • Historic exploration (1974) identified outcropping gossan horizon and confirmed anomalous copper and zinc mineralisation. Limited drilling returned highly encouraging results including: • 6m at 2.78% CU and 6.43% Zn from 30m; and • 4m at 4.6% Cu and
Slide 13: Perrinvale Project VMS Targets
Perrinvale Project VMS Targets Ponchiera Prospect • Large prospect area where surface mapping has identified extensive zones of malachite mineralisation confirming strong surface geochemical copper anomalism • Geological mapping and geophysics outlines complex area with adjacent strong magnetic anom
Slide 14: Western Australia Technical Team
Western Australia Technical Team Todd Axford Dr Dennis Gee Geologist with 23 years experience Geologist with 40 years experience In 2010, Todd started Geological Services Extensive experience in exploration geology and company Geko-Co Pty Ltd. As Director and the gold, nickel, copper and zinc mining
Slide 15: Perrinvale Copper Project Conclusions
Perrinvale Copper Project Conclusions • Key target areas with the potential to host VMS style Copper and Zinc mineralisation • Historic RC drilling results of 6m at 2.78% Cu and 6.43% Zn from 30 meters. 4m at 4.6% Cu and 2.1% Zn from 92 meters • Previous exploration has confirmed the presence of hig
Slide 16: Seed Capital Structure
Seed Capital Structure Shares Issue % Founder shares 20,000,000 55% Seed Issue @ 5cps^ 9,0000,000 25% Vendor Consideration Shares 7,250,000 20% Total Shares 36,250,000 100% Enterprise Value $1.36M Total Cash To Be Raised $0.450 Market Capitalisation $1.8M ^~$30K in shareholder loans may be converted
Slide 17: Seed Capital Use Of Funds
Seed Capital Use Of Funds The costs below are expected to take the project to a post drilling stage and the required reporting under the EIS conditions. Estimated Use of Funds $ Seed Capital Western Australia Plan of Work (POW) drill plans, ground electromagnetic (EM) geo- $92k physics and applicati
Slide 18: Seed Capital Use Of Funds Cont’d..
Seed Capital Use Of Funds Cont’d.. PRIVILEGED AND CONFIDENTIAL 18
Slide 19: Cobre Highlights
Cobre Highlights • Multiple identified targets for drilling programmes • Drilling of the Perrinvale Portfolio Targets planed for May 2019 • Maiden drilling result expected end of June 2019 • Exposure to one of the key strategic metals for the upcoming electric vehicle revolution • Projects located i
Slide 20: Board
Board Mr Martin Mr Andrew Mr Robert Holland Sissian Crossman Co-Founder and Director of Cobre Pty Ltd. Co-founder and Director of Cobre Pty Ltd. Co-Founder and Director of Cobre Pty Ltd. Martin has over 12 years M&A and corporate Andrew has over 10 years experience in capital Robert has over 20 year
Slide 21: www.cobre.com.au
www.cobre.com.au PRIVILEGED AND CONFIDENTIAL