White Cliff Minerals Limited · ASX:WCN
White Cliff Minerals — Investor Presentation (February 2018)
21 slides from White Cliff Minerals's investor presentation, Feb 6, 2018
Slide 1: Australian Energy Metals Presentation
For personal use only Australian Energy Metals Presentation Cobalt and Nickel February 2018
Slide 2: Disclaimer
Disclaimer For personal use only Private and Confidential • This document is a private and confidential report prepared by White Cliff Minerals Limited (“White Cliff” or the “Company”) for use by White Cliff and its Advisers. It is not to be distributed to third parties without the prior approval of
Slide 3: Corporate Structure
Corporate Structure For personal use only Capital Structure – 5 Feb 18 • Listed in 2007 (ASX Ticker: WCN) Issued Shares 2,898M • Energy Metal Projects - Australia Unlisted Options (1.2c ex price expiring 1 Dec 2018) 30 M Listed Options (1.3c ex price expiring 31 Dec 2018) 151 M – Coronation Dam Coba
Slide 4: Investment Summary
Investment Summary For personal use only • Multiple Australian cobalt-nickel projects - substantial potential – High cobalt grade and large scale resource potential – Located near major nickel and cobalt refining infrastructure – Multiple development options and 100% owned • Planned exploration prog
Slide 5: Why Cobalt?
Why Cobalt? For personal use only • Strong cobalt price outlook: – Limited supply capacity – Strong demand growth – Structural shift in technology applications (electric vehicles) • Forecast supply/demand deficit to 2025 – 2017: US$60,000/t – 2018: US$70,000/t forecast# – 2025:US$75,000/t forecast#
Slide 6: Cobalt Supply and Demand Dynamics
Cobalt Supply and Demand Dynamics For personal use only • Limited supply capability – By-product of copper mining – By-product of nickel mining – Inelastic supply curve – Sensitive to sovereign risk • 56% supply from DRC2016 • Strong demand curve – Structural shift in technology applications (electr
Slide 7: Cobalt: Here to Stay
Cobalt: Here to Stay For personal use only • Substitution risks - electronics – Changing battery type: • LCo replaced with NMC • LCo replaced with NCA – Low probability of rapid replacement of LCo due to industry incumbents • Substitution risks (e-vehicles) – Change of cathode composition: • Replace
Slide 8: Investment Overview
Investment Overview For personal use only • High value ore • Simple metallurgy – 0.1% Cobalt: $ 75/t USD – Acid leach process – 0.8% Nickel: $100/t USD – Proven technology – Total: $175/t USD – Implemented at Glencore’s Murrin- – Gold equivalent grade# ~4 g/t Murrin processing facility in Western Au
Slide 9: Projects Summary
Projects Summary For personal use only • Coronation Dam, Western Australia – Near surface cobalt-nickel mineralisation 5.7km long, and 1 km wide – Cobalt assays up to 0.68 % cobalt including: • 16 metres at 0.42% cobalt and 1.0% nickel • 24 metres at 0.23% cobalt and 0.8% nickel • Ghan Well, Western
Slide 10: Location and Infrastructure
Location and Infrastructure For personal use only • Western Australia – Tier 1: World class location • Close to regional mining support hubs – 250km to Kalgoorlie – 760km to Perth • Excellent access roads • Adjacent to operating mine – Camp/Power/Fuel – Mill/Plant • Within 40km of rail • Within 30km
Slide 11: Regional Mining Activity
Regional Mining Activity For personal use only • Murrin nickel-cobalt deposit – Total resource: 330 Mt at 1% nickel and 0.064% cobalt – Murrin East: 66.4 Mt at 1.1% nickel and 0.09% cobalt – Glencore PLC • NiWest nickel-cobalt deposit – Total Resource: 81Mt at 1.03% nickel and 0.06% cobalt – Eucalyp
Slide 12: Coronation Dam Cobalt Project (100%)
Coronation Dam Cobalt Project (100%) For personal use only • 16 km2 tenement • Extensive shallow cobalt-nickel oxide blanket – High cobalt grades – Scale potential • Near mining infrastructure – 90km from Murrin-Murrin nickel-cobalt plant (Glencore PLC) – 45km from Mt Kilkenny proposed cobalt-nickel
Slide 13: Coronation Dam Cobalt - Exploration
Coronation Dam Cobalt - Exploration For personal use only • Substantial scale target – 5.7 km long ultramafic unit – 1km wide • Limited wide spaced drilling – 126 holes, 63 RC and 63 RAB • Total of 4,581m – Drill lines 500 to 1000m apart • Proposed drilling – 3,000m Air-core drilling • Test extents
Slide 14: Ghan Well Cobalt Project (100%)
Ghan Well Cobalt Project (100%) For personal use only • 39 km2 tenement • Extensive cobalt-nickel layer – Shallow oxide ore Ghan North – Large tonnage potential • Near mining infrastructure – 26 km from Murrin-Murrin nickel- cobalt plant (Glencore PLC) – 35 km from Mt Kilkenny proposed Ghan Central
Slide 15: Ghan Well Cobalt - Exploration
Ghan Well Cobalt - Exploration For personal use only • Large scale target 2.4km ultramafic zone to test – 11,000m long ultramafic target – 600 - 1,800m wide High grade Cobalt • Limited existing drilling Area – 54 RC holes, 2,557 metres – 6.3 km completely untested 6 km of untested laterite profile ~
Slide 16: Coglia Well Nickel-Cobalt Project (100%)
Coglia Well Nickel-Cobalt Project (100%) For personal use only • Substantial scale target – 70 km2 tenement – 7.5 km long ultramafic unit – 1-2km wide • Adjacent Glencore’s Rocky Well and Matilda Ni-Co deposits – 29Mt at 0.11% Co and 1% Ni • Extensive mineralisation identified including: – 16 metres
Slide 17: Coglia Well Nickel-Cobalt – Exploration
Coglia Well Nickel-Cobalt – Exploration For personal use only • Limited wide spaced drilling – 22 RC holes for 2,065m – Drill lines 640 metres apart – Strongly Mineralised • Proposed exploration – 3,000m RC drilling program • Test extents of resource • Test strong cobalt results on southern half of
Slide 18: Australian Cobalt-Nickel Peer Comparisons
Australian Cobalt-Nickel Peer Comparisons For personal use only Market Capitalisation and Co-equivalent total contained metal Mkt Cap (M) Total Resource (Co-eq) 900 450,000 800 400,000 700 350,000 Total Cobalt equivalent contained metal Market Capitalisation ($AUD Millions) 600 Rapid resource 300,00
Slide 19: Summary
Summary For personal use only • Multiple Australian cobalt-nickel projects - substantial potential – High cobalt grade and large scale resource potential – Located near major nickel and cobalt refining Infrastructure – Multiple development options and 100% owned • Planned exploration programs ready
Slide 20: Important Information
Important Information For personal use only Competent Person Statement • The information in this report that relates to Exploration Targets is based on information compiled by Mr Todd Hibberd, B.Sc Hons (Geol), MSc (mineral economics), Dip Bus, Member AusIMM, Member AICD and an employee of White Cli
Slide 21: Contacts
Contacts For personal use only Todd Hibberd Managing Director T: +61 (8) 9321 2233 Mike Langoulant Chairman T: +61 (8) 9321 2233 White Cliff Minerals Limited T: +61 (8) 9321 2233 A: Suite 2, Level 1, 47 Havelock Street, West Perth WA 6005 | P: PO Box 368, West Perth WA 6872 E: info@wcminerals.com.au
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