Slide 1: Kalahari Copper Belt Botswana
For personal use only BOTSWANA Kalahari Copper Belt Botswana This presentation has been approved by the Board of Gaborone Cobre Ltd. ASX: CBE April 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 to acquire the controlling interest in Kalahari Metals Limited
1 Cobre to acquire the controlling interest in Kalahari Metals Limited ▪ For personal use only Kalahari Metals Limited (KML) is the second largest tenement holder in highly prospective Kalahari Copper Belt (KCB) in Botswana next to Sandfire Resources Ltd (Sandfire) ▪ Following shareholder approval t
Slide 4: Cobre and Metal Tiger
Cobre and Metal Tiger For personal use only ▪ Metal Tiger was an early investor in Cobre and currently holds JOINT VENTURE 19.98%, which will be retained post completion of the KML transaction ▪ Metal Tiger recognized the significance of KML’s landholdings in the KCB, becoming a shareholder in KML i
Slide 5: Cobre and Metal Tiger Joint Venture
Cobre and Metal Tiger JOINT VENTURE For personal use only Metal Tiger previously held a 30% interest in MOD Resources, which discovered the T3 deposit in the KCB and was subsequently acquired by Sandfire Resources for A$167m 2018 2019 2020 Metal Tiger Metal Tiger invested Metal Tiger further recogni
Slide 6: 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. SECOND B
Slide 7: Kalahari Metals Overview: 2021 proposed exploration plan
Kalahari Metals Overview 2021 proposed exploration plan For personal use only ▪ KML is targeting sediment hosted copper–silver EXPLORATION deposits similar to those being developed by TARGET Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 neighbours Sandfire and Cupric Canyon Capital PROGRESSION ▪
Slide 8: Fold hinge and structurally controlled mineralisation
Fold hinge and structurally controlled mineralisation Mineralisation Models: Prioritise folds ▪ 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 s
Slide 9: 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 10: Exploration: Kitlanya East Proposed Drilling
Exploration: Kitlanya East Proposed Drilling Combination of diamond (1,000m) and reverse circulation (RC) drilling (4,000m) For personal use only K i t l a nya E a s t • Both North and South Targets display characteristics of an imbricate fold- shear system with potential for North Target mineralisa
Slide 11: Exploration: Kitlanya West Proposed Drilling
Exploration: Kitlanya West Proposed Drilling For personal use only K i t l a nya We st • Target drilling of folded AEM ‘domes’ similar to T3 and A4 • Past exploration limited to soil surveys & historic AEM (GeoTem) • Reprocessing of historic GeoTem AEM data highlights two potential dome areas with s
Slide 12: 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 For personal use only with similarity to the A4 deposit area; these are priority 1 drill targets Priority #1 Priority #1 Additional potent
Slide 13: Why the Kalahari Copper Belt?
Why the Kalahari Copper Belt? Development projects include: ▪ Sandfire’s T3 deposit ▪ (60.2mt @ 1% Cu and For personal use only Sediment-hosted copper deposits account 14 g/t Ag) 3 for 15% of world mine copper production ▪ Cupric Canyons Zone 5 deposit (91mt @ ▪ Deposits are often giants - more than
Slide 14: Technical Team – Botswana
Technical Team – Botswana K M L’s t e c h n i c a l t e a m i n c l u d e s s e d i m e n t - h o s t e d c o p p e r s p e c i a l i s t s w i t h s i g n i f i c a n t o p e r a t i o n a l e x p e r i e n c e For personal use only Adam Wooldridge Dr Ross McGowan David Catterall Thomas Rogers Dr W
Slide 15: Proposed JV budget and news flow
Proposed JV budget and news flow For personal use only RC sampling and analytical costs 2 0 2 1 P ro p o s e d d ri l l fo c u s ed ex p lo rat io n 1% p ro gram m e Soil sampling (grid) ▪ Designed to advance Cu-Ag targets while maintaining a 2% AEM Mag 10% pipeline of early stage feeder targets Cor
Slide 16: Cobre Capital Structure
Cobre Capital Structure For personal use only S h are P ri c e (As of April 5th, 2021) 20 cps Shares Outstanding 125,965,270 Fully Diluted Shares 152,714,270 Market Capitalisation $25.193m Cash and Equivalents as at 31 December 2020 $4.7m Options on Issue – exercise price 20cps 13,249,000 Options on
Slide 17: Company Overview
Ongoing drilling operations, Kitlanya East August 2020 For personal use only COMPANY OVERVIEW
Slide 18: Diversified Copper Focused Explorer
Diversified Copper Focused Explorer For personal use only ▪ Strategically Cobre sees Copper as an important metal for the future economy; a metal with proven, well understood, extraction and processing methods ▪ Three exploration projects with potential to deliver significant copper rich resources ▪
Slide 19: Perrinvale High Grade VHMS Project
Perrinvale High Grade VHMS Project Western Australia ▪ 408 km2 of under explored ▪ 70% of the tenure is yet to be For personal use only tenure proven by Cobre to assessed by AEM or any VHMS contain high grade VHMS focused exploration activity mineralisation ▪ 2021 will see a focus on ▪ 30% of tenure
Slide 20: Armada Magmatic Ni-Cu with first mover advantage in Gabon
Armada Magmatic Ni-Cu with first mover advantage in Gabon For personal use only Hig h l i g hts 1 ▪ US$750,000 invested for 18.5% of Armada, alongside RCF Opportunities Fund L.P. (RCF) and Metal Tiger plc given Armada US$2.25m in PRE-IPO capital ▪ 2,991 km2 of compelling geology at the district scal
Slide 21: References
References For personal use only SLIDES 3 1. Announcement to the ASX dated 24 August 2020 available at https://www2.asx.com.au/markets/trade-our-cash-market/announcements.cbe 1. Hall, W.S., 2013. Geology and paragenesis of the Boseto copper deposits, Kalahari Copperbelt, northwest Botswana. Unpublis
Slide 22: For more information contact
For personal use only For more information contact: info@cobre.com.au www.cobre.com.au