White Cliff Minerals Limited · ASX:WCN
White Cliff Minerals — Investor Presentation (June 2018)
22 slides from White Cliff Minerals's investor presentation, Jun 22, 2018
Slide 1: Australian Cobalt and Nickel - June Quarter Report
For personal use only Investor Presentation Australian Cobalt and Nickel June Quarter Report June 2018
Slide 2: Disclaimer
Disclaimer For personal use only Private and Confidential • This document is a private and confidential report prepared by White Cliff Minerals Limited (“White Cliff” or the “Company”) for use by White Cliff and its Advisers. It is not to be distributed to third parties without the prior approval of
Slide 3: Quarterly Exploration Summary
Quarterly Exploration Summary For personal use only • Exploration completed in June quarter – 3,000m RC drill program at Coglia Well cobalt-nickel project – 5,000m RC drill program at Coronation Dam cobalt-nickel project • Extensive cobalt-nickel mineralisation identified including: – 16 metres at 0
Slide 4: Cobalt-Nickel Investment Overview
Cobalt-Nickel Investment Overview For personal use only • Multiple advanced Australian cobalt-nickel projects – High cobalt grade and large scale resource potential – Located near major nickel and cobalt refining infrastructure – Multiple development options and 100% owned • Focus: Drilling to defin
Slide 5: Corporate Structure
Corporate Structure For personal use only Capital Structure – 25 June 18 • Listed in 2007 (ASX Ticker: WCN) Issued Shares 3,849M • Energy Metal Projects - Australia Unlisted Options (1.2c ex price expiring 1 Dec 2018) 30 M – Coglia Well Cobalt-Nickel deposit (100%) Listed Options (1.3c ex price expi
Slide 6: Cobalt-Nickel Investment Thematic
Cobalt-Nickel Investment Thematic For personal use only • The ore is high value • The metallurgy is simple – 0.1% Cobalt: $ 85/t USD – Acid leach process – 0.9% Nickel: $126/t USD – Proven technology – Total: $211/t USD – Implemented at Glencore’s Murrin- – Gold equivalent grade# ~5 g/t Murrin proce
Slide 7: Projects Summary
Projects Summary For personal use only • Coglia Well, Western Australia – Cobalt and nickel mineralisation up to 7.5km long and 1000 metres wide – Drill assays up to 0.41% cobalt and 4.2% nickel including: – 16 metres at 0.16% cobalt and 0.65% nickel – 12 metres at 2.2% nickel and 0.06% cobalt – Ini
Slide 8: Location and Infrastructure
Location and Infrastructure For personal use only • Western Australia – Tier 1: World class location • Close to regional mining support hubs – 250km to Kalgoorlie – 760km to Perth • Excellent access roads • Adjacent to operating mine – Camp/Power/Fuel – Mill/Plant • Within 40km of rail • Within 30km
Slide 9: Regional Mining Activity
Regional Mining Activity For personal use only • Murrin nickel-cobalt deposit – Total resource: 330 Mt at 1% nickel and 0.064% cobalt – Murrin East: 66.4 Mt at 1.1% nickel and 0.09% cobalt – Rocky Well/Matilda : 29 Mt at 0.11% cobalt and 1% nickel – Glencore PLC • NiWest nickel-cobalt deposit – Tota
Slide 10: Coglia Well Cobalt-Nickel Project (100%)
Coglia Well Cobalt-Nickel Project (100%) For personal use only • Extensive cobalt-nickel system: – 5,000+ metres long – 1,000 metres wide – 10-20 metres thick • Cobalt-nickel drilling including: – 16 metres at 0.16% Co & 0.65% Ni – 12 metres at 2.2% Ni & 0.06% Co – 4 metres at 3.0% Ni & 0.06% Co • S
Slide 11: Coglia Well Cobalt-Nickel Exploration
Coglia Well Cobalt-Nickel Exploration For personal use only • Current drilling 17m at 0.11% Co, 1% Ni 6m at 0.22% Co, 1.6% Ni – Testing extents of resource 12m at 0.05% Co, 2.2% Ni – Testing strong cobalt results on southern half of tenement – 3,000 metres RC-completed – Extensive cobalt-nickel iden
Slide 12: Coronation Dam Cobalt-Nickel Project (100%)
Coronation Dam Cobalt-Nickel Project (100%) For personal use only • Extensive cobalt-nickel system: – 5,700 metres long – 1,000 metres wide – 15-30 metres thick • Drilling results include: – 16 metres at 0.42% Co and 1.0% Ni – 10 metres at 0.46% Co and 1.2% Ni – 24 metres at 0.23% Co and 0.8% Ni – 2
Slide 13: Coronation Dam Cobalt-Nickel Exploration
Coronation Dam Cobalt-Nickel Exploration For personal use only • Current drilling – Testing central 1,200 metre zone of cobalt-nickel mineralisation – 5,000m RC drilling- completed – Strong mineralisation logged – Assays pending 1.2km • Next Steps: – Resource Estimation (August 18) – Test metallurgy
Slide 14: Ghan Well Cobalt-Nickel Project (100%)
Ghan Well Cobalt-Nickel Project (100%) For personal use only • Extensive cobalt-nickel layer – Shallow oxide ore High grade cobalt results – Large tonnage potential • Drilling results include: – 6m at 0.21% Co and 0.78% Ni – 4m at 0.27% Co and 0.75% Ni – 8 m at 0.16% Co and 0.83% Ni – 12m at 0.15% C
Slide 15: Ghan Well Cobalt-Nickel Exploration
Ghan Well Cobalt-Nickel Exploration For personal use only • Large scale target – 11,000m long ultramafic target – 600 - 1,800m wide • Limited existing drilling – 54 RC holes, 2,557 metres 7km – 6.3 km completely untested – 5.3 km sporadically tested 6 km of untested • Next steps laterite profile ~1.
Slide 16: Australian Cobalt-Nickel Peer Comparisons
Australian Cobalt-Nickel Peer Comparisons For personal use only Market Capitalisation and Co-equivalent total contained metal Mkt Cap (M) Total Resource (Co-eq) 900 450,000 800 400,000 700 PEERS 350,000 Total Cobalt equivalent contained metal Market Capitalisation ($AUD Millions) Mkt Cap:$65-110M 60
Slide 17: Why Cobalt?
Why Cobalt? For personal use only • Strong cobalt price outlook: – Limited supply capacity – Strong demand growth – Structural shift in technology applications (electric vehicles) • Forecast supply/demand deficit to 2025 – 2017: US$60,000/t – 2018: US$70,000/t forecast# – 2025:US$75,000/t forecast#
Slide 18: Cobalt Supply and Demand Dynamics
Cobalt Supply and Demand Dynamics For personal use only • Limited supply capability – By-product of copper mining – By-product of nickel mining – Inelastic supply curve – Sensitive to sovereign risk • 56% supply from DRC2016 • Strong demand curve – Structural shift in technology applications (electr
Slide 19: Cobalt: Here to Stay
Cobalt: Here to Stay For personal use only • Substitution risks - electronics – Changing battery type: • LCo replaced with NMC • LCo replaced with NCA – Low probability of rapid replacement of LCo due to industry incumbents • Substitution risks (e-vehicles) – Change of cathode composition: • Replace
Slide 20: Summary
Summary For personal use only • Multiple Advanced Australian cobalt-nickel projects – High cobalt grade and large scale resource potential – Located near major nickel and cobalt refining infrastructure – Multiple development options and 100% owned • Focus: Drilling to define JORC cobalt-nickel miner
Slide 21: Important Information
Important Information For personal use only Competent Person Statement • The information in this report that relates to Exploration Targets is based on information compiled by Mr Todd Hibberd, B.Sc Hons (Geol), MSc (mineral economics), Dip Bus, Member AusIMM, Member AICD and an employee of White Cli
Slide 22: Contacts
Contacts For personal use only Todd Hibberd Managing Director T: +61 (8) 9321 2233 Mike Langoulant Chairman T: +61 (8) 9321 2233 White Cliff Minerals Limited T: +61 (8) 9321 2233 A: Suite 2, Level 1, 47 Havelock Street, West Perth WA 6005 | P: PO Box 368, West Perth WA 6872 E: info@wcminerals.com.au
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