West Cobar Metals Ltd. · ASX:WC1
West Cobar Metals — Investor Presentation (November 2023)
23 slides from West Cobar Metals's investor presentation, November 2023
Slide 1: Rare Earth Development and Critical Mineral Exploration
NOVEMBER 2023 – INVESTOR PRESENTATION Rare Earth Development and Critical Mineral Exploration
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
WEST COBAR METALS Corporate Snapshot Capital Structure Share Price and Volume Total number of shares currently on issue 97,133,664* Options on issue 20,700,000* Share Price (@ 3 Nov 2023) $0.062 Market Cap (undiluted) $6.0m Cash Balance (at 30 Sep 2023) $1.3m Shareholders Top 20 55.2% Board and Mana
Slide 4: Overview
WEST COBAR METALS Overview ▪ Salazar Rare Earth Element (REE) Project in southern Western Australia is a unique, high- grade deposit: o 190 Mt at 1172 ppm total rare earth oxide (TREO) Indicated + Inferred JORC (2012) Mineral Resource (AMC 2023)* o inc 39 Mt of 1216 ppm TREO in the Indicated Resourc
Slide 5: Salazar REE Clay Project
Salazar REE Clay Project
Slide 6: Extensive Landholding in Prime Location
SALAZAR REE CLAY PROJECT Extensive Landholding in Prime Location ▪ Extensive tenement area of 1,171km2 in highly prospective location over unallocated state land ▪ Strong potential for addition to REE, TiO2 and Al2O3 resources by extending Newmont into the newly acquired tenements from Dundas Minera
Slide 7: Newmont REE Deposit
SALAZAR REE CLAY PROJECT Newmont REE Deposit Cut-off Tonnes TREO Pr6O11 Nd203 Dy203 Tb407 (TREO Category (Mt) (ppm) ppm ppm ppm ppm ppm) Indicated 39 1216 51 206 36 6.1 600 Inferred 44 1029 46 180 29 5.1 Total* 83 1117 48 192 33 5.6 ▪ Newmont is a substantial high grade clay deposit overlying an amp
Slide 8: O’Connor Deposit
SALAZAR REE CLAY PROJECT O’Connor Deposit Magnet Rare Earths Cut-off Tonnes TREO (TREO Status Pr6O11 Nd2O3 Dy2O3 Tb4O7 (Mt) (ppm) ppm) ppm ppm ppm ppm 600 Inferred 107 1216 61 195 11 2.3 ▪ O’Connor deposit has a high grade resource of 107 Mt of 1216 ppm TREO (Inferred Resource)* - met work ongoing ▪
Slide 9: Titanium Dioxide at Newmont
SALAZAR REE CLAY PROJECT Titanium Dioxide at Newmont Cut-off Saprolite Ti TiO2 TREO Fe FeO Category Mt Ti % Zone % % ppm % % Inferred TREO >=600 20 3.1 5.2 1,183 8.9 11.4 2 Inferred TREO <600 9 2.8 4.7 428 10.2 13.1 Total 29 3.0 5.0 942 9.3 12.0 Above: Titanium Dioxide (source: Britannica.com) ▪ Tit
Slide 10: High Purity Alumina at Newmont
SALAZAR REE CLAY PROJECT High Purity Alumina at Newmont Cut-off Saprolite Al Al2O3 TREO Fe K Si Category Mt Al (%) Zone % % ppm % % % Inferred TREO>=600 2 15.6 29.5 909 4.22 0.25 20.1 15 Inferred TREO<600 2 15.7 29.6 276 2.84 0.21 22.6 Total 4 15.6 29.6 657 3.67 0.23 21.1 Above: Saprolitic clay from
Slide 11: Newmont Extension Potential
SALAZAR REE CLAY PROJECT Newmont Extension Potential ▪ Recent acquisition from Dundas Minerals provides very large footprint over highly prospective ground ▪ Extensive tenement area now totalling 1,171km2 over unallocated state land ▪ High potential for extension of Newmont REE and TiO2 and Al2O3 mi
Slide 12: Metallurgy & Studies
SALAZAR REE CLAY PROJECT Metallurgy & Studies Substantial metallurgical testwork and beneficiation studies underway – four main streams. 1. REE Leaching - Excellent results to date from ANSTO diagnostic leach tests* ▪ Rare earth metallurgical recoveries of up to 94% Magnet Rare Earth Oxide (MREO) fr
Slide 13: Nevada Lithium Project
NEVADA TLC Lithium Deposit ‘American Lithium Corp, TSXV:L Montezuma WELL Gy | ih Fi iti it & 7 i Be wow Vaicr Ge = e °4 \ Century Lithium, TSXV:LCE : < “ Z = Nevada Lithiu Project Peto Lert WOS \ rer © wencater mjc @ aerinem oops won v= WEST COBAR METALS
Slide 14: Lithium Exploration
NEVADA LITHIUM PROJECT Lithium Exploration ▪ Montezuma Well and Big Smoky Valley prospective for large-scale sedimentary- hosted lithium claystone deposits ▪ Within the world class Nevada lithium district and have similar geology to known major lithium deposits in the region ▪ 350km southeast of Tes
Slide 15: Montezuma Well
NEVADA LITHIUM PROJECT Montezuma Well ▪ Within the world class Nevada lithium district and in close proximity to known major lithium deposits in the region, in particular: o TLC deposit American Lithium Corp Market Cap: C$310m (31 Oct 2023) Resource: 2.05 Bt @ 809 ppm Li o Tonopah Flats deposit Amer
Slide 16: Big Smoky Valley
NEVADA LITHIUM PROJECT Big Smoky Valley ▪ Similar geology to known major lithium deposits in the region including: o Rhyolite Ridge deposit (28 Km SW) Ioneer Ltd Market Cap: A$317m (31 Oct 2023) Resource: 360 Mt @ 1750 ppm Li o Clayton Valley deposit (23 Km S) Century Lithium Corp Left: Planned dril
Slide 17: Cobar West Project
VY, Cobar West Project
Slide 18: Cobar West Project
QUEENSLAND NEW SOUTH WALES Cobar West Project NANTILLA ▪ Two projects at various stages of exploration 100-200 km west of the Cobar district in NSW: BULLA PARK Cobar o Bulla Park – prospective for Cobar style copper (+silver + antimony), discovery hole (19CA002) intersected 33m @ 0.45% Cu from 232m*
Slide 19: Northern Territory Lithium Exploration
Northern Territory Lithium Exploration
Slide 20: Hermit Hill Project
NORTHERN TERRITORY LITHIUM EXPLORATION Hermit Hill Project ▪ The Hermit Hill project is located in the Litchfield Province, about 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 disco
Slide 21: Planned Activity and Next Steps
WEST COBAR METALS Planned Activity and Next Steps Q4 2023 Q1 2024 Q2 2024 Potential Drilling (Newmont extension) Potential Drilling (Lanthanos) SALAZAR Co-product TiO2 Testwork PROJECT (WA) Co-product – HPA evaluation REE Metallurgical Testwork Ph 1 Complete REE Beneficiation Studies Nevada Drilling
Slide 22: 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 Ron Roberts – Non-Exec Director ▪ Australian qualified resources and corporate lawyer with 30 years’ ▪ 35+ years’ experience in all aspects of exploration, data management and experi
Slide 23: Get in touch
CONTACT Get in touch Matt Szwedzicki | Managing Director ms@westcobarmetals.com.au +61 9481 0389 Luke Forrestal | GRA Partners Luke.forrestal@grapartners.com.au +61 411 479 144 ASX | WC1
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