Slide 1: Cobre's High Grade Copper Enriched VHMS Discovery
For personal use only COBRE’S HIGH GRADE COPPER … ENRICHED VHMS DISCOVERY ASX: CBE June, 2020
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 not a prospectus nor an offer for securities in any jurisdiction nor a securities recommend
Slide 3: Well Funded with Strong Shareholder Support
Well Funded with Strong Shareholder Support For personal use only Top 20 Shareholders (as at 8 June 2020) Shares Held % Share Price 18 cps METAL TIGER PLC* 19,350,000 18.792% Shares Outstanding 102,970,688 HOLLAND INTERNATIONAL PTY LTD <HOLLAND FAMILY A/C> 11,024,384 10.706% RESOURCE ASSETS PTY LTD
Slide 4: Positioned For Growth – Our Value Drivers
Positioned For Growth – Our Value Drivers For personal use only PROVEN NEW LEADING GROWTH COPPER TEAM DISCOVERY JURISDICTION POTENTIAL DEMAND Strong technical team High-grade VHMS Western Australia – Well funded with Driven by Electric Vehicle with successful track discovery on 100%- World renowned
Slide 5: Why Copper?
Why Copper? § BHP Billiton – the world’s largest miner – sees copper, not lithium, For personal use only or cobalt, as the best way to benefit financially from increased EV adoption rates § Glencore, Rio Tinto and Ivanhoe Mines are also bullish on copper § Research suggests that copper demand for EV
Slide 6: A Widening Copper Market Deficit is Looming
A Widening Copper Market Deficit is Looming For personal use only Copper Required in EV’s (lbs) 849 132 183 196 49 85 Conventional Hybrid Plug-In Battery Hybrid Battery Cars Electric Hybrid Electic Electirc Electric Bus Electric Bus Vehicles Vehicles Vehicles Strong • EV’s can use up to 3.5 times as
Slide 7: A Widening Market Deficit is Looming
A Widening Market Deficit is Looming Despite the current state of uncertainty in the market For personal use only due to COVID-19 ► the positive long-term view for copper does not change: § An anticipated shortfall in global copper supply is expected to emerge from 2024, and as the pace of supply gr
Slide 8: Board of Directors – Strong Leadership
Board of Directors – Strong Leadership For personal use only Martin C Holland Co-Founder Andrew Sissian Co-Founder Michael McNeilly Michael Addison Executive Chairman & Managing Director Finance Director Non-Executive Director Non-Executive Director Co-founder of Cobre and a mining executive with Mr
Slide 9: Meet the Experts … Exploration Matters
Meet the Experts … Exploration Matters Dr SUSAN BELFORD TODD AXFORD EXPERTS IN THEIR FIELDS: For personal use only PhD Geology, Master Science of B.Sc. Geology & Physical Geography, Geology, B.Sc.(Hons) Geology Grad. Dip. Project Management • Completed PhD on the Jaguar • Head of Exploration at Cobr
Slide 10: Why Western Australia? A World Leader
Why Western Australia? A World Leader § Western Australia’s resources sector has a footprint in all For personal use only regions with value of production ranging from $55 million The Resources in Gascoyne region to just over $63 billion in the Pilbara Sector accounts for region. § WA currently prod
Slide 11: Perrinvale Project – Surrounded by major VHMS mines
Perrinvale Project – Surrounded by major VHMS mines § Located 290 km NW of Kalgoorlie For personal use only § 100% interest in project covering 381 km2 across 9 tenements Exploration work to date: § 2019: Completed Moving Loop Electromagnetic (MLEM) surveys, airborne EM on +30% of property, and 1,00
Slide 12: Perrinvale Project – VHMS Targets
Perrinvale Project – VHMS Targets For personal use only AEM2 survey indicates Main Targets for 2020 10 conductive anomalies 2. Airborne Electromagnetic survey completed in 2019; 820 line-kms MLEM1 indicate (E-W flight lines spaced 150 m strong conductors apart). 1. Moving loop EM (MLEM) is a useful
Slide 13: 2020 Drilling Program
2020 Drilling Program Phase 2 Drilling Commenced June 2020 For personal use only Total 6,000m: 3,400m Reverse Circulation (RC) and 2,600m Diamond Core (DD) Follow up on 2020 Phase 1 diamond core drilling § Schwabe: High-grade VHMS base metal and gold mineralisation confirmed by diamond drilling in e
Slide 14: Schwabe VHMS Discovery
Schwabe VHMS Discovery VHMS mineralisation at shallow depth For personal use only 2020 Phase 1 Drilling Program § Significant intercepts in 2 holes: 6m @ 8.39% Cu, 3.52% Zn, 30.0 g/t Ag, 0.14% Co, and 3.1 g/t Au from 49m 6m @ 5.63% Cu, 3.89% Zn, 22.0 g/t Ag, 0.1% Co, and 1.4 g/t Au from 28m § Follow
Slide 15: Zinco Lago Prospect
Zinco Lago Prospect Anomalous intervals of copper and zinc For personal use only mineralisation at shallow depth § Located 2.2km northwest of Schwabe on opposite side of syncline § Two DDH totaling 197.2m in early 2020 confirmed mineralisation in same host stratigraphy as Schwabe: 10.2m @ 0.1% Cu, 0
Slide 16: Zinco Rame & Lago Rame Targets
Zinco Rame & Lago Rame Targets Strike extension of gossanous sediments For personal use only south of Zinco Lago § Zinco Rame 2019 RC returned anomalous copper § MLEM survey indicates two sub parallel conductive ones, one below the gossanous sediments and the other, deeper to the east § Conductors d
Slide 17: Additional Target Areas
Additional Target Areas Initial RC drilling on a number of VHMS targets For personal use only § Ponchiera North: a conductive feature to the west of a package of BIF in an area of sandy cover. § Ponchiera Copper: 350,000 m2 of malachite stained basalt with MLEM conductors suggests prospectivity for
Slide 18: Cobre's Timeline…Continue Success at the Drill Bit
Cobre’s Timeline…Continue Success at the Drill Bit For personal use only A$10m IPO completed in January Advance project towards Completed 1,569 m diamond deposit outline drilling program Results confirming VHMS discovery Follow-up on best results with drilling Boosted VHMS technical team Cornerstone
Slide 19: Appendix
For personal use only APPENDIX
Slide 20: Solid Management Team
Solid Management Team Martin C Holland Executive Chairman & Managing Director – Co-Founder Andrew Sissian Finance Director – Co-founder Cobre For personal use only Co-founder of Cobre and a mining executive with over 12 years Mr Sissian has experience in corporate finance as a experience in M&A and
Slide 21: Exploration Budget
Exploration Budget¹ For personal use only Perrinvale Activity (A$k) 2020 2021 Total Geological studies 182 160 342 Surface Geochem: Soils + RAB/Aircore drilling 400 300 700 Geophysics (Airborne, Down hole & ground) 520 310 830 Targeted RC and DD drilling 1,780 2,400 4,180 Environmental and land acce
Slide 22: Sandiman Project
Sandiman Project Under-explored with a favourable setting and early indications of For personal use only potential § 202 km2 tenement located 200 km east of Carnarvon § Earn-in and JV Agreement with private company GTTS Generations Pty Ltd (GTTS) § Cobre can earn up to 80% interest via expenditure o
Slide 23: For more information contact
For personal use only For more information contact: Martin Holland Executive Chairman & Managing Director holland@cobre.com.au www.cobre.com.au