Cobre Limited · ASX:CBE
Cobre — 121 Mining Investment Conference Cape Town 2024
24 slides from Cobre's conference presentation, Feb 5, 2024
Slide 1: Kalahari Copper Belt, Botswana
Kalahari Copper Belt, Botswana For personal use only 121 Conference Cape Town ASX: CBE February 2024 This presentation has been approved by the CEO, Adam Wooldridge and Executive Chairman, Martin C Holland ASX: CBE
Slide 2: Disclaimer
Disclaimer Not for release to US wire services or distribution in the United States. For full exploration results including relevant JORC Table information and Competent Persons Statements referred to in this Company Presentation, refer to the Company’s announcements This investor presentation has b
Slide 3: Agenda
Agenda 01 Corporate Snapshot & Global Reach For personal use only 02 Kalahari Copper Belt Discovery Focussed Exploration 03 Tier 1 Exploration | In-situ Recovery | Target Drilling 04 Timelines 05 Wrap-up 3 121 Cape Town | February 2024 ASX: CBE
Slide 4: Corporate Snapshot
For personal use only 01 Snapshot Corporate
Slide 5: Corporate Structure
Corporate Structure As at 31/01/2024 Capital Structure Shareholder Structure For personal use only Share Price (as at 01/02/24) A$0.069 Shares on issue 286.9M 21.90% Strata Investment Holdings Market Capitalisation A$19.8M Holland International PTY LTD Cash Position1 (as at 31/12/23) A$1.93M 4.2% HS
Slide 6: Fueling Copper's Future Growth
Fueling Copper's Future Growth Robust Exploration and Development Pipeline for High-Quality Copper Resources For personal use only Strategic Global Land Package Global Presence with district-scale discovery opportunities. Sandiman Armada 51% Sediment hosted Exploration and 14.4% base metals Developm
Slide 7: Kalahari Copper Belt
For personal use only 02 Kalahari Copper Belt
Slide 8: Why the Kalahari Copper Belt?
Why the Kalahari Copper Belt? In 2023 KCB becomes a copper producing district: Khoemacau Copper Mine and exploration assets sold for 1.9 B$ to MMG 1; For personal use only Sandfire’s Motheo Production hub starts production in record time. KCB remains unexplored and is regarded as one of the world’s
Slide 9: Strategic Land Position
Strategic Land Position For personal use only 100%-ownership of highly-prospective copper and silver exploration tenements in the KCB. KML Kalahari Copper Belt Second largest tenement package in the KCB consisting of four Project Areas: Ngami Copper Project (727 km2), Kitlanya East (1,359 km2), Kitl
Slide 10: Discovery: Three-Pronged Approach
03 For personal use only Discovery Three-Pronged Approach to Discovery Focused Explore Big Identify the next tier 1 deposit with Exploration support from BHP Xplor Development Potential Prove viability for copper-silver extraction using in-situ recovery Target Drilling Potential for short-term disco
Slide 11: Finding the Next Tier 1 Deposit
Finding the Next Tier 1 Deposit Cobre is a cohort for the Big thinking discovery focussed 2024 BHP Xplor programme exploration with support from BHP through the Xplor Programme For personal use only Strategically located near the basin margin of the KCB - typically prioritised for sedimentary-hosted
Slide 12: Ngami Copper Project: Scope for Development?
Ngami Copper Project: Scope for Development? 40km Strike For personal use only of Copper Silver Mineralisation Consistent chalcocite mineralisation intersected along extensive strike lengths Structurally controlled high-grade intersections include: 9.3m @ 3.4% Cu 10.7m @ 1.3% Cu and 30g/t Ag and 18
Slide 13: Ngami Copper Project Modelling Highlights
Ngami Copper Project Modelling Highlights Significant Scale and Untested Upside For personal use only The estimates of tonnage and grade for exploration target category are conceptual in nature, there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exp
Slide 14: Essential Criteria for In-Situ Copper Recovery
Ngami Copper Project Essential Criteria for In-Situ Copper Recovery For personal use only Mineralisation suitable for Ore Body below Suitable Host Acid Leaching: Water Table: Rock Permeability Fine-grained chalcocite ideal for Water table at 130m to 140m below Detailed fracture logging, AI-driven hy
Slide 15: In-Situ Copper Recovery: Controlling Fluid Movement
In-Situ Copper Recovery : Controlling Fluid Movement: Fractures and seals NCP20A NCP18A For personal use only Stereonet plot of fractures = Dominant direction // Mineralisation Upper Fracture Zone Lower Fracture Zone Associated with primary mineralisation Fracture Zone Associated with primary minera
Slide 16: In-Situ Copper Recovery: Ongoing Hydrogeological Work
In-Situ Copper Recovery : Ongoing Hydrogeological Work Tests ISCR Model For personal use only Ongoing drilling of injection and monitoring wells Results will provide fluid flow model of connectivity and conductivity along mineralised fractures Early results demonstrate Connectivity of fracture zones
Slide 17: Stage gated exploration
For personal use only 04 Stage gated exploration
Slide 18: Stage Gated Strategy to Advance Exploration and Development
Stage Gated Strategy to Advance Exploration and Development Projects ISCR development Exploration target development 2024 For personal use only Injection Pump Testing Prioritise targets Complete hydrogeological drill programme Identify priority targets from geophysical, Model hydraulic properties an
Slide 19: Indicative Exploration Timeline
Indicative Exploration Timeline 2024 Q1 Q2 Q3 Q4 Ngami Copper Project For personal use only Hydrogeological pump tests and modelling ● Metallurgical column tests ● Preliminary economic scoping study ● Resource diamond drilling ● Kitlanya West Project Design follow-up programme to test ● for tier 1 t
Slide 20: In Summary
In Summary Strategic Global Land Package: vast land package, district-scale discovery opportunities for copper deposits. For personal use only Accelerated Development Potential in Botswana projects present discovery and copper development opportunities. Support from BHP through the 2024 Xplor Progra
Slide 21: Appendix
For personal use only Appendix
Slide 22: Board of Directors
Board of Directors Strong Leadership For personal use only Martin C Holland Adam Wooldridge Dr Ross McGowan Michael McNeilly Michael Addison Andrew Sissian Executive Chairman Chief Executive Officer Non-Executive Director Non-Executive Director Non-Executive Director Non-Executive Director Mr Hollan
Slide 23: In Situ Recovery Comparisons
In Situ Recovery Comparisons For personal use only Taseko Mines Limited Florence Copper Excelsior Mining Corp Gunnison Copper 363 mT @ 0.35% Cu (M+I)1 873mT @ 0.29% Cu (M+I)2 Pre-Tax IRR 49% Pre-Tax IRR 37.5% CAPEX US$232m CAPEX US$47.6m OPEX US$1.11 / lb OPEX US$1.23 / lb Est production 85m lb Cu /
Slide 24: Thank you
For personal use only Thank you For more information contact: www.cobre.com.au info@cobre.com.au His Excellency Mokgweetsi Masisi (President), Hon Lefoko Moagi (Minister of Mines), Her Excellency Ms Dorcas Kobela Makgato (High Commissioner to Australia) with Cobre’s CEO Adam Wooldridge and Chairman
Cobre — 121 Mining Investment Conference Cape Town 2024 on 6ix