Cobra Resources Plc · LSE:COBR
Cobra Resources — Corporate Update (December 2023)
18 slides from Cobra Resources's corporate update, December 2023
Slide 1: Advancing the Boland Ionic Rare Earth Discovery
ADVANCING THE BOLAND IONIC RARE EARTH DISCOVERY Australia’s only rare earth project with In Situ Recovery potential December 2023
Slide 2: Disclaimer
DISCLAIMER THIS PRESENTATION AND ITS CONTENTS ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN To the extent available, the industry, market and competitive position data contained in this the environment in which the Company will operate in the future. Forward-looking statements WHOLE OR IN PAR
Slide 3: A Year of Discovery and Resource Growth
A YEAR OF DISCOVERY AND RESOURCE GROWTH Cobra has made a game changing ionic REE discovery at Boland and 2023 materialised significant exploration success by resource growth Maiden REE MRE 20.9Mt 2,466m RC resource drilling 40% increase in gold ounces since commencement 3,175m AC REE resource drilli
Slide 4: Wudinna Project Resources Underpin Further Growth
WUDINNA PROJECT RESOURCES UNDERPIN FURTHER GROWTH WUDINNA PROJECT GOLD RESOURCE OF 279,000 Oz COMPLEMENTARY REE RESOURCE – 41.6Mt at 699 ppm TREO ~10 Oz JORC Resource added per RC metre drilled since 2019 Clay-hosted, occurs in overburden at the Clarke and Baggy Green gold resources (ionic REEs at B
Slide 5: Globally Unique Ionic Rare Earth Discovery
GLOBALLY UNIQUE IONIC RARE EARTH DISCOVERY A confirmed ionic REE discovery in palaeo-channel – value will be unlocked through demonstration of ISR Confirmed Ionic metallurgy Grade upside – defining grade concentration Scalable – a further 2,000 km2 of palaeo-channel Enabling geology – amenable to lo
Slide 6: A Geological Process That Shortcuts Mining & Extraction
A GEOLOGICAL PROCESS THAT SHORTCUTS MINING & EXTRACTION Mother Nature has completed the expensive process of hard rock rare earth extraction and mobilised valuable REEs to an accessible storage bank, allowing for a simple and cost-effective withdrawal REO Colloidal Playa Clay Mineralisation REO Ioni
Slide 7: In Situ Recovery – Advantages Versus Conventional Mining
IN SITU RECOVERY – ADVANTAGES VERSUS CONVENTIONAL MINING ISR is a proven technique that produces over 57% of the world’s uranium Lower capital and operational costs - Low power consumption Average CAPEX costs of uranium mines1 - Simplified flow sheets requiring less equipment ISR Mines - Mobile proc
Slide 8: Realising the Value of the Boland Discovery
REALISING THE VALUE OF THE BOLAND DISCOVERY ISR is the key to overcoming capital challenges, increasing future operational profitability and generating an unrivalled environmentally credentialled source of critical rare earths In 2024, Cobra aims to unlock investment value by focusing on: SCALE HIGH
Slide 9: Realising Grade Upside
REALISING GRADE UPSIDE Lithology Acidic Alkaline 3m Sample 1m Sample1 Ionic REEs adsorption is promoted by changes in pH4 pH7 pH9 0 ppm 4,000 ppm 0 ppm 4,000 ppm chemistry. Refined sampling to reflect chemistry Alluvial Sands boundaries should result in considerable increases of Reduced recoverable
Slide 10: Sonic Core Drilling – Demonstrating ISR Advantage
SONIC CORE DRILLING – DEMONSTRATING ISR ADVANTAGE A fast and cost-effective approach to unlock long-term value Five holes (~200m) to be drilled in wellfield configuration around hole CBAC0163 (robust recoveries over multiple intervals) Drilling method will demonstrate grade concentration Provide sam
Slide 11: Demonstrating Scale
DEMONSTRATING SCALE Low-cost approach to demonstrate scale Dominant landholder of palaeo-channel geology in the region – over 2,000km2 of palaeo-channel Stage 1 samples are currently being analysed Stage 2 samples identified and shall be submitted based on stage 1 results Access to further samples f
Slide 12: Strategy to Progress Discovery
STRATEGY TO PROGRESS DISCOVERY ISR CONCEPT ADVANCEMENT Sonic core holes to understand nature of mineralisation Samples for metallurgical advancement Installation of monitoring wells for baseline hydrology Cost effective method to progress to pilot testing DEMONSTRATE SCALE Re-analysis of historical
Slide 13: Boland Project - Growth Proposition
BOLAND PROJECT- GROWTH PROPOSITION Cobra has devised a 12-month work plan aimed at unlocking project value. This will be achieved through addressing value drivers Pilot ISR Demonstration 4. Materialise Project Scoping Study Company Valuation £M1 3. Publish Resource Mineral Resource Estimate Resource
Slide 14: Why Cobra
WHY COBRA TIER 1 LOCATION • Top 10 jurisdiction globally for mining investment • South Australia is a leader in ISR • Industry experienced with required skillsets • Eyre Peninsula - regional hub for renewable and hydrogen energy generation CRITICAL MINERALS FOR DECARBONISATION • A new geological mod
Slide 15: cobraplc.com 213 Greenhill Road Eastwood SA 5063
cobraplc.com 213 Greenhill Road Eastwood SA 5063 Australia
Slide 16: Board of Directors & Key Management
BOARD OF DIRECTORS & KEY MANAGEMENT GREG HANCOCK RUPERT VERCO CHAIRMAN CHIEF EXECUTIVE OFFICER & BOARD DIRECTOR Over 25 years' experience in capital markets and corporate A mining specialist with over 15 years’ experience in Australia and finance. He has extensive experience in Australia and the UK
Slide 17: Wudinna Project - JORC (2012) Mineral Resources
WUDINNA PROJECT - JORC (2012) MINERAL RESOURCES 2023 RESOURCE ESTIMATE Gold Mineral Resource Estimate Rare Earth Mineral Resource Estimate Category DEPOSIT Tonnes Au Ounces Tonnes TREO MREO LREO HREO Pr6O11 Nd2O3 Dy2O3 Tb4O7 mt g/t oz mt ppm ppm ppm ppm ppm ppm ppm ppm Indicated 0.44 1.3 18,000 - -
Slide 18: Competent Persons Statements
COMPETENT PERSONS STATEMENTS The information relating to Exploration Results and Mineral Resources in this presentation is extracted from the Company’s Prospectus dated 26 October 2022 (Prospectus) and Cobra LSE announcements as cross-referenced in the body of this presentation. A copy of the Prospe