West Cobar Metals Ltd. · ASX:WC1
West Cobar Metals — Investor Presentation (April 2023)
16 slides from West Cobar Metals's investor presentation, Apr 28, 2023
Slide 1: Leading the Charge in Australian Rare Earth Clays
LEADING THE CHARGE IN AUSTRALIAN RARE EARTH CLAYS Creating value through discovery and development 28 April 2023
Slide 2: Disclaimer
WEST COBAR METALS DISCLAIMER This document has been prepared by West Cobar Metals Ltd (“West Cobar”) in connection with providing an overview of its business to interested parties/analysts/investors. This presentation is being provided for the sole purpose of providing preliminary background informa
Slide 3: Corporate Snapshot
SALAZAR REE CLAY PROJECT Corporate Snapshot Capital Structure Share Price and Volume Total number of shares currently on issue 97,133,664 0.35 10 Options on issue 20,700,000 9 0.3 8 Share Price (@ 26 Apr 2023) $0.11 0.25 7 Millions Market Cap (undiluted) $10.7m 0.2 6 5 Cash Balance (at 31 March 2023
Slide 4: Overview
SALAZAR REE CLAY PROJECT OVERVIEW ● Salazar Rare Earth Element (REE) Project in southern Western Australia has a substantial JORC (2012) compliant resource: ○ Newmont Deposit Inferred Resource of 43.5 Mt at 1192 ppm total rare earth oxide (TREO) (CSA 2018)* ○ Over 9000 meters of drilling completed i
Slide 5: Excellent Location and Infrastructure
SALAZAR REE CLAY PROJECT EXCELLENT LOCATION AND INFRASTRUCTURE ● Located 120 km north-east of the township and deep- water port of Esperance, Western Australia ● Dominant land position for a total combined area of 745 square kms within a tightly held region, prospective for REE clays ● Close to esse
Slide 6: Newmont REE Deposit
SALAZAR REE CLAY PROJECT NEWMONT REE DEPOSIT Inferred Mineral Resource Estimate by CSA Global – 2018 Cut-off Tonnes TREO + TREO LREO HREO U Th ● Newmont Deposit has an inferred JORC Resource TREO + (Mt) Y2O3 (ppm) (ppm) (ppm) (ppm) (ppm) of 43.5 Mt at 1192 ppm TREO* Y2O3 (ppm) (ppm) ● Previous owner
Slide 7: Newmont Comparison Table
SALAZAR REE CLAY PROJECT NEWMONT COMPARISON TABLE The Newmont resource grades and tonnages compare favourably with other known clay deposits outside of China and Myanmar* High REE grade -1192ppm (TREO + Y2O3) Resource Grade Pr6O11 Nd2O3 Dy2O3 Tb4O7 Company Deposit Resource Status Million TREO Y2O3 C
Slide 8: Newmont Metallurgy & Studies
SALAZAR REE CLAY PROJECT NEWMONT METALLURGY & STUDIES Previous technical work on the Newmont deposit has involved reputable institutions including the CSIRO, the University of Western Australia and the University of Newcastle and mineral processing firms Nagrom and Amdel Early metallurgical testwork
Slide 9: O'Connor Prospect
SALAZAR REE CLAY PROJECT O’CONNOR PROSPECT ● The O’Connor prospect is located 10kms to the south-east of the Newmont Deposit within granted tenement E63/1469 ● O’Connor has 32 holes for a total of 901 metres* with REE drilling returning high-grade, near surface thick intersections intersections: - S
Slide 10: Nevada Lithium Project
WEST COBAR METALS NEVADA LITHIUM PROJECT ● Two areas (Montezuma Well and Big Smokey Valley) prospective for large-scale sedimentary-hosted lithium claystone deposits in Nevada, USA ● Within the world class Nevada lithium district and similar geology to known major lithium deposits in the region incl
Slide 11: Hermit Hill Project
WEST COBAR METALS HERMIT HILL PROJECT Located in the Litchfield Province, roughly 100km south-southwest of Core Lithium’s Finniss Lithium Project and Lithium Plus Minerals’ Lei lithium prospect, and 30km west of Ragusa Minerals’ Tank Hill lithium discovery • Hermit Hill project area comprises a sign
Slide 12: West Cobar NSW Projects
QUEENSLAND WEST COBAR METALS WEST COBAR NSW PROJECTS NANTILLA Three projects at various stages of exploration 100-200 km west of the Cobar district in NSW: BULLA PARK 1. Bulla Park – prospective for Cobar style copper (+silver) discovery Cobar hole (19CA002) intersected 33m @ 0.45% Cu from 232m NEW
Slide 13: Planned Activities and Next Steps
WEST COBAR METALS PLANNED ACTIVITIES AND NEXT STEPS Q1 Q2 Q3 Q4 2023 2023 2023 2023 Beneficiation studies Salazar drilling Salazar drilling Salazar REE (WA) Metallurgical testwork Newmont resource upgrade Nevada Nevada claims staked BLM drill permitting Lithium (USA) Nevada drilling Hermit Hill Lith
Slide 14: Highly Experienced Team with a Strong Track Record
BOARD AND MANAGEMENT HIGHLY EXPERIENCED TEAM WITH A STRONG TRACK RECORD Robert Klug (LLB, B Comm) – Non Exec Chairman David Pascoe (B.Sc (Hons), M.Sc) – CEO - Geologist with 30+ years experience worldwide - Australian qualified resources and corporate exploration, evaluation and mining. lawyer with
Slide 15: Why Rare Earths
SALAZAR REE CLAY PROJECT WHY RARE EARTHS ● Rare earths are critical raw materials - with high economic significance and high supply risk to the Western World and future economies ● China dominates the global REE supply chain with increasing geopolitical tensions, the development of alternative sourc
Slide 16: Get in Touch
CONTACT GET IN TOUCH David Pascoe CEO david.pascoe@westcobarmetals.com.au +61 448 274 917 Kevin Das Executive Director kevin.das@westcobarmetals.com.au +61 421 077 523 16
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