Cobre Limited · ASX:CBE
Cobre — Investor Presentation (January 2020)
22 slides from Cobre's investor presentation, Jan 31, 2020
Slide 1: Cobre Limited ASX Presentation
For personal use only Not for release to US wire services or distribution in the United States ASX Code: CBE Cobre Limited ASX Presentation A Western Australian exploration company focused on the Perrinvale Project January 2020 1
Slide 2: Disclaimer
Disclaimer For personal use only Not for release to US wire services or distribution in the United States. 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: Introduction to Cobre
Introduction to Cobre For personal use only ▪ Cobre Limited (ASX: CBE) is a Western Australian exploration company focused on the Perrinvale and Sandiman projects ✓ Successful IPO raising A$10m in January 2020 Perrinvale Project (80% interest) ▪ Located 290km NW of Kalgoorlie, accessible via the Men
Slide 4: Investment Highlights
Investment Highlights For personal use only ✓ Perrinvale – Genesis of new mineral field ▪ Maiden drilling program intersected high-grade volcanogenic massive sulphide – chance of further success significantly greater than greenfields exploration ▪ Air-borne EM area identified conductor at Schwabe pr
Slide 5: Corporate Overview
Corporate Overview For personal use only Capital Structure Details No. Top 20 Shareholders No. (m) % 1 METAL TIGER PLC 19.350 19.99% ASX Code CBE 2 HOLLAND INTERNATIONAL PTY LTD <HOLLAND FAMILY A/C> 10.524 10.87% Total shares on issue at IPO 96,810,688 3 MONTCAP PTY LTD 7.250 7.49% 4 SISSIAN INTERNA
Slide 6: Metal Tiger Plc – Cornerstone IPO investor
Metal Tiger Plc – Cornerstone IPO investor For personal use only Cobre transaction highlights with Metal Tiger Plc ▪ Cornerstone IPO investor subscribing for $2.4m at 20 cents ▪ Largest shareholder in Cobre with a 19.99% holding at IPO ▪ Metal Tiger has appointed Mr Michael McNeilly as its nominee D
Slide 7: Board of Directors
Board of Directors For personal use only Mr Martin C Holland Executive Chairman & Managing Director Co-Founder Cobre Mr Holland is a Co-founder of Cobre and a mining executive with over 12 years experience in M&A and corporate finance. Mr Holland was the founder and CEO of Lithium Power Internationa
Slide 8: Perrinvale Project (80% interest)
Perrinvale Project (80% interest) ▪ Located 290km NW of Kalgoorlie For personal use only ▪ Cobre holds an 80% interest in the project covering 381km2 across 9 tenements ▪ Includes parts of the Panhandle and Illaara greenstone belts ▪ Historically worked for gold, iron ore and uranium ▪ Ground to the
Slide 9: Perrinvale Project (80% interest)
Perrinvale Project (80% interest)1 ▪ Four key VMS prospects & other areas of For personal use only interest 1) Schwabe 2) Zinco Lago 3) Ponchiera; and 4) Monti ▪ VMS base metals confirmed in recent and historic drilling in the Panhandle greenstone belt ▪ Underexplored for base metals ▪ In June 2019,
Slide 10: Perrinvale – Key Prospects
Perrinvale – Key Prospects1 For personal use only Schwabe ▪ Validation drilling at Schwabe Prospect has revealed ore-grade copper-zinc values in sulphides with significant gold ▪ Three significant Cu-Zn-Ag (+/-Au) gossan prospects occur in the same geological unit, mapped to extend for 25km through
Slide 11: Schwabe VMS Confirmed by Cobre Drilling
Schwabe VMS Confirmed by Cobre Drilling1 For personal use only ▪ Identified via 150m surface gossan in 1970s ▪ Drilled in early 1970s and results not followed up until RC drilling (3 holes) in June 2019 by Cobre/Toucan ▪ Maiden Cobre drilling program intersected high-grade VMS base metal & gold mine
Slide 12: Schwabe VMS Confirmed by Cobre Drilling
Schwabe VMS Confirmed by Cobre Drilling1 For personal use only ▪ June 2019 RC drilling program intersected high-grade VMS base metal and gold mineralisation at shallow depth (50 – 55m) ▪ Cobre/Toucan hole PVRC002 ▪ Confirmed the historic results from holes PP2, PP7 and PD1 ▪ PP2 historic results of
Slide 13: Zinco Lago Line
Zinco Lago Line1 ▪ For personal use only The Zinco Lago Line is a belt of pyritic shale within basalt, occurring 1.6km west of Schwabe Prospect ▪ Extends over a north-south strike exposure of 1,600m and is characterised by abundant gossanous material all of which give significant anomalous values in
Slide 14: Ponchiera
Ponchiera1 ▪ For personal use only Malachite/copper staining occurs abundantly in tholeiite basalt in the core of the anticline ▪ Source of the copper interpreted to be down dip to northeast or down plunge to north ▪ AEM survey interpretation shows ~1.5km long conductive feature down plunge to north
Slide 15: Perrinvale – Heli EM Survey
Perrinvale – Heli EM Survey1 For personal use only ▪ In August 2019, an airborne EM survey was undertaken by New Resolution Geophysics using Xcite EM system with the objective of identifying sub-surface conductors ▪ Acquired 820 line-kms of data on east-west flight lines spaced 150m apart ▪ 70% of P
Slide 16: Perrinvale – Heli EM Survey
Perrinvale – Heli EM Survey For personal use only ▪ 10 conductive anomalies selected in initial review ▪ Reasonable potential for undiscovered massive sulphide mineralisation in the ground surveyed to date Anomaly F: Conductive response 500m north, down fold plunge from 350,000m2 of malachite /coppe
Slide 17: Sandiman Project (ability to earn 80% interest)
Sandiman Project (ability to earn 80% interest) For personal use only ▪ Located 200km east of Carnarvon ▪ Single EL 09/2316 totaling 202km2 ▪ Earn In and Joint Venture Agreement with private company GTTS Generations Pty Ltd (GTTS) ▪ Cobre can earn up to 80% interest via expenditure of $565K on the p
Slide 18: Sandiman Project (ability to earn 80% interest)
Sandiman Project (ability to earn 80% interest)1 For personal use only ▪ An underexplored area with a favourable setting and early indications of potential ▪ Judiciously located on boundary of two major tectonic units– the Protoerozoic Gascoyne Province to the east, and the Palaeozoic Carnarvon Basi
Slide 19: Cobre Timeline
Cobre Timeline For personal use only ✓ Initial diamond drilling program to commence at Perrinvale in February 2020 Schedule and Indicative Timetable Q2 CY19 Q3 CY19 Q4 CY19 Q1 CY20 Q2 CY20 Q3 CY20 Q4 CY20 Work completed by Cobre up to IPO 1,000m RC drilling program completed ✓ Heli EM survey complet
Slide 20: Exploration Budget
Exploration Budget1 For personal use only Perrinvale Activity ($k) Year 1 Year 2 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 a
Slide 21: Company Secretary, Technical Team & Consultants
Company Secretary, Technical Team & Consultants For personal use only Mr Justin Clyne Mr Todd Axford Dr Dennis Gee Company Secretary Exploration Manager Geologist with 50 years experience Justin is a qualified Chartered Company After a career spanning mine and Extensive experience in exploration geo
Slide 22: Contact
For personal use only ASX Code: CBE Contact Martin Holland Executive Chairman & Managing Director holland@cobre.com.au www.cobre.com.au 22