West Cobar Metals Ltd. · ASX:WC1
West Cobar Metals — Investor Presentation (February 2023)
19 slides from West Cobar Metals's investor presentation, Feb 6, 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 6 February 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: Salazar REE Clay Project Overview
SALAZAR REE CLAY PROJECT OVERVIEW ● The Salazar Rare Earth Element (REE) clay 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)* ○ Mineralogy comprises REE in kao
Slide 4: 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 and with increasing geopolitical tensions, the development of alternative sou
Slide 5: Corporate Snapshot
SALAZAR REE CLAY PROJECT Corporate Snapshot Capital Structure Share Price and Volume Total number of shares currently on issue 95,533,664* 0.35 10 Options on issue 20,700,000 9 0.3 8 Share Price (@ 3 Feb 2023) $0.16 0.25 7 Millions Market Cap (undiluted) $15.3m 0.2 6 5 Cash Balance (at 31 Dec 2022)
Slide 6: Excellent Location and Infrastructure
SALAZAR REE CLAY PROJECT EXCELLENT LOCATION AND INFRASTRUCTURE ● The project area is located 120 km north-east of the township and deep-water port of Esperance, Western Australia ● The Salazar Project hosts a dominant land position for a total combined area of 745 square kms within a tightly held re
Slide 7: 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 TREO + Y2O3 (Mt) Y 2 O3 (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) ● The Newmont Deposit has an inferred JORC Resource of 43.5 Mt at 1192 ppm TREO* 0 67.7 861
Slide 8: 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 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: Newmont Metallurgy & Studies
SALAZAR REE CLAY PROJECT NEWMONT METALLURGY & STUDIES 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 studies and cha
Slide 11: Rare Earth Co-Product Advantage
NEWMONT DEPOSIT RARE EARTH CO-PRODUCT ADVANTAGE ● Newmont deposit has a potential co-product Inferred Alumina JORC Estimate by CSA – 2018 advantage with excellent in-situ alumina grades Cut-off (Al%) Mt Al % Al2O3 % ● Inferred JORC Resource already in place (28.3 Mt at 23.4% Al2O3 at 10% cut off)* 5
Slide 12: Hermit Hill Project
WEST COBAR METALS HERMIT HILL PROJECT The project area is 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 • Granted tenement EL
Slide 13: 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 BULLA PARK Cobar: Cobar 1. Bulla Park Project –Stratabound-structural copper (+silver) NEW SOUTH 2. Cawkers Well – Gold CAWKERS WELL WALES 3. Nantilla – Copper/base metal/
Slide 14: Bulla Park Copper Project
WEST COBAR METALS BULLA PARK COPPER PROJECT ● Historical diamond hole (19CA002) intersected 135m of 0.24% Cu, including 33m of 0.45% Cu* ● Prospectivefor structural copper (+silver) mineralisation of the Cobar style ● The significant stratabound mineralisation could reflect a ‘halo’ around a higher
Slide 15: Cawkers Well and Nantilla – Gold & Base Metals
WEST COBAR METALS CAWKERS WELL AND NANTILLA – GOLD & BASE METALS CAWKERS WELL ● Sediment-hosted, structurally controlled gold mineralisation related to NW structures in regional aeromagnetics ● RC drill intersections include 18m @ 0.22g/t Au and 8m 0.84g/t Au. Only three previous drill holes have di
Slide 16: 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 Matt Szwedzicki (B Eng (Hons), B Comm, GAICD) - Non Exec Director - Australian qualified resources and corporate - 20+ years of resources-focused corporate and commercial lawyer with
Slide 17: Planned Activities and Next Steps
WEST COBAR METALS PLANNED ACTIVITIES AND NEXT STEPS Q4 Q1 Q2 Q3 Q4 2022 2023 2023 2023 2023 Capital raise and funded with $4.5m REE Beneficiation studies Salazar REE exploration drilling REE (WA) REE resource drilling REE resource drilling REE Metallurgical testwork Newmont resource upgrade BP aerom
Slide 18: Why Invest?
WEST COBAR METALS WHY INVEST? 8 YEARS UPSIDE POTENTIAL HIGH GRADE ADVANCED ASSET Enterprise value offers Substantial REE clay resource significant upside as projects and 8+ years’ testwork and progress studies STRONG NEWSFLOW Multiple price catalysts loom as activity increases at Salazar HIGH CALIBR
Slide 19: 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 19
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