Koba Resources Limited · ASX:KOB
Koba Resources — Investor Presentation (May 2022)
33 slides from Koba Resources's investor presentation, May 4, 2022
Slide 1: Cobalt for the EV Revolution
Company Presentation May 4 2022 Cobalt for the EV Revolution 1
Slide 2: Koba is exploring high grade cobalt projects in the USA
Colson Project UNITED STATES Koba is exploring high Co-Cu Elkhorn Project grade cobalt projects in Panther Project Co-Cu Co the USA to power an Boise Blackpine Project Cobalt for the EV revolution Co-Cu electric world. IDAHO • Portfolio of 100% owned high-grade NEVADA cobalt assets in the Idaho Coba
Slide 3: Strong Board and technical team
Strong Board and technical team Extensive USA experience Cobalt for the EV revolution Mike Haynes Ben Vallerine Scott Funston Ian Cunningham Non-Executive Chairman Managing Director Non-Executive Director Company Secretary ASX:KOB • 30 years’ experience in international resources • Geologist with ov
Slide 4: Capital Structure
Drilling at Colson Cobalt-Copper Project Idaho Cobalt Belt, USA Capital Structure Cobalt for the EV revolution Capital Structure No. Shares 65.0M Options ($0.30) 16.5M Performance Rights 5.5M Cash (Pro forma) $5.9M Market Capitalisation (@ $0.20/share) $13M ASX:KOB 4 4
Slide 5: Cobalt market is ascending: price increase
Cobalt market is ascending Dramatic cobalt price increase Source: tradingeconomics.com Cobalt for the EV revolution Cobalt price US$/tonne $100,000 US$82,000 $80,000 May 2022 $60,000 ASX:KOB US$33,000 January 2021 $40,000 $20,000 2017 2018 2019 2020 2021 2022 5 5
Slide 6: Cobalt market is ascending: demand and EV sales
Cobalt market is ascending Dramatic cobalt price increase Global EV Sales Forecasts Cobalt for the EV revolution 16M Cobalt demand forecast to 14M increase from 156,000tpa in UBS 2021 to ~400,000tpa in 2030*. 12M Darton BMO Rho Motion • Demand growth driven by the green energy transition 10M LMCA an
Slide 7: Supply/demand imbalance
Cobalt market is ascending Supply/demand imbalance Cobalt Market – forecast deficit (tonnes) Cobalt for the EV revolution 30k Cobalt demand forecast to 20k more than double by 2030. 10k • Forecasts project a tight balance or undersupplied market until 2023. 0 v v • In 2024 and beyond deficits are se
Slide 8: Idaho Cobalt Belt: A Premier Cobalt District
UNITED STATES Idaho Cobalt Belt Colson Project Co-Cu A Premier Cobalt District Cobalt for the EV revolution High-grade resources Elkhorn Project Co LEGEND where cobalt is the primary metal of Apple Creek Formation Panther Project Co-Cu Salmon Historical Prospect economic importance. Historical Mine
Slide 9: Blackpine Project, Idaho
Blackpine Project, Idaho Cobalt-Copper Cobalt for the EV revolution • 100% interest in 517 hectares covering ~6km of prospective strike. • 1945 – 1965: An estimated 6,000 tons of ore mined from underground grading 2.0% copper. Cobalt in soil geochemistry • 1993 – 1996: Formation Capital completed:
Slide 10: Regina Prospect
Cross section through the Regina Prospect Blackpine Co-Cu Project, Idaho Regina Prospect Cobalt for the EV revolution • Extremely high cobalt-copper grades. • Co-Cu-Au soil anomaly >500m long. • 13 holes for 2,608.9m. • Better results include: 0.15m @ 4.79% Co, 0.01% Cu, 4.00 g/t Au from 82.1m;
Slide 11: Troll Prospect
Blackpine Co-Cu Project, Idaho Troll Prospect Cobalt for the EV revolution • 500m long Cu-Co-As soil anomaly, largely untested. • Two collapsed historical adits and several prospecting pits and trenches through gossanous rocks. • High cobalt grades with float sample assaying 1.4% Co. • Only 7 drill
Slide 12: Swift Prospect
Cross section through the Swift Prospect Blackpine Co-Cu Project, Idaho Swift Prospect Cobalt for the EV revolution • Includes the historical Blackpine Mine that produced 6,000 tons of ore grading 2.0% copper. • High-grade Co & Cu mineralisation over 500m of strike. • 83 holes have been drilled; bet
Slide 13: Blackpine Forward Work Programs
Blackpine Co-Cu Project, Idaho Forward Work Programs Cobalt for the EV revolution Programs to commence immediately on listing: • Drill rig secured for 2,000m drill program to commence Q3 at the Swift Prospect. 1. Mapping and rock chip sampling. • Drill targets to be refined upon completion of IP sur
Slide 14: Colson: Salmon Canyon Deposit
Colson Co-Cu Project, Idaho Salmon Canyon Deposit Cobalt for the EV revolution • 100% interest in the historical Salmon Canyon Deposit and surrounding 1,550 hectares. • 1964-79: 650m of underground development. • Results from underground sampling include: 2.5m @ 0.59% Co, 5.33% Cu, & 2.24 g/t Au;
Slide 15: Salmon Canyon Deposit section view
Colson Co-Cu Project, Idaho Salmon Canyon Deposit Cobalt for the EV revolution Section view of the Salmon Canyon Mine ASX:KOB 15 15
Slide 16: Colson Soil Sampling Anomalies
Colson Co-Cu Project, Idaho Soil Sampling Anomalies Cobalt for the EV revolution Four very-high priority targets delineated over 5.6km of strike. 1. >2km Long Tom Co-Cu-As Anomaly. Co to 1,095ppm (0.11% Co); Cu to 3,930ppm (0.39% Cu). Extremely high-tenor soil samples. Totally un-drilled, prev
Slide 17: Long Tom Soil Anomaly
Colson Co-Cu Project, Idaho Long Tom Soil Anomaly Cobalt for the EV revolution High grade core to Long Tom Soil Anomaly with >30 samples assaying >100ppm Co over 1.3km. • >2km Long Tom Co-Cu-As Anomaly. Extremely high-tenor soil samples. Co to 1,095ppm (0.11% Co); and Cu to 3,930ppm (0.39% Cu)
Slide 18: Colson IP Anomalies
Colson Co-Cu Project, Idaho IP Anomalies Cobalt for the EV revolution • Several strong chargeability anomalies delineated. • 2018 drilling confirmed moderate IP anomalism = cobalt-copper sulphide mineralisation. • Stronger IP anomalies expected to arise from thicker and/or higher-grade mineralisatio
Slide 19: Colson Previous Drilling
Colson Co-Cu Project, Idaho Previous Drilling Cobalt for the EV revolution • 12 hole (4,950m) diamond drilling program in 2018. • Tested Co-Cu-As soil anomalism; the strike extensions of the Salmon Canyon Deposit. • Very encouraging results include: 3.4m @ 0.04% Co, 1.51% Cu, 0.31 g/t Au; 0.7m @
Slide 20: Colson Forward Work Programs
Colson Co-Cu Project, Idaho Forward Work Programs Cobalt for the EV revolution • Drill permits and rig secured to drill at the Long Tom and • Further programs to follow on review of the above drilling Salmon Canyon Prospects. program. 3,000 to 5,000m core drilling program to commence late Q2 2022.
Slide 21: Panther Project, Idaho
Panther Project, Idaho Cobalt-Copper Cobalt for the EV revolution • 100% interest in 107 mining claims covering 870 hectares. • Within 3km of both the past-producing Blackbird Mine and Jervois’ Idaho Cobalt Operations. • Past-production at the historic Sweet Repose Mine. • 54 rock chip samples and o
Slide 22: Panther: Three high-grade Co-Cu prospects
Panther Co-Cu Project, Idaho Three high-grade Co-Cu prospects Cobalt for the EV revolution Three high-grade cobalt-copper prospects delineated that comprise: • Historic prospecting pits. • High-grade Co-Cu mineralisation in rock chip samples. • Co-Cu-Au soil anomalism, that indicates mineralisation
Slide 23: Idaho Cobalt Belt Forward Work Plan
Idaho Cobalt Belt Forward Work Plan Cobalt for the EV revolution May 2022 June July August September October November December January 2023 Blackpine Mapping & Sampling Soil Sampling Geophysics – IP Results Soil Sampling & Geophysics Maiden Drilling (min 2,000m) Assay Results from Maiden Drilling Pr
Slide 24: Disclaimer
Disclaimer Cobalt for the EV revolution This presentation prepared by Koba Resources Limited (“Company”) does not purport to contain all factors, many of which are outside the control of the Company. No representation or warranty, the information that a prospective investor may require in connection
Slide 25: Appendices
Appendices Level 3 Suite 24-26, 22 Railway Road Subiaco Western Australia 6008 Phone: +61 8 9226 1356 Email: info@kobaresources.com kobaresources.com 25
Slide 26: Goodsprings Project, Nevada
Goodsprings Project, Nevada Cobalt-Copper Cobalt for the EV revolution • Small scale mining 1896 – 1962. • 4 mines shipped 19.1 tonnes at an average grade of 9.5% Co in 1921. • 16 coherent Cu-Co soil anomalies. • 18 primary targets of moderate to high IP chargeability, coincident or adjacent to soil
Slide 27: Elkhorn Project, Idaho
Elkhorn Project, Idaho Cobalt Elkhorn Project Bonanza Prospect Blackbird Mine Complex Cobalt for the EV revolution • Early-stage project with historic prospecting pits containing Co-Cu oxides over 1.5km. • Co-Cu anomalism in first soil sampling program; maximum assay >200ppm Co. • Strong geological
Slide 28: Blackpine: Jacob Prospect
Blackpine Co-Cu Project, Idaho Jacob Prospect Cobalt for the EV revolution • Immediately west of the Blackpine Mine. • Persistent gossanous float. • Open at depth and to east and west. • 34 holes have been drilled; better results include; 12.20m @ 0.002% Co, 3.51% Cu, & 0.34 g/t Au from 35.1m; 1
Slide 29: Blackpine: Trench Prospect
Blackpine Co-Cu Project, Idaho Trench Prospect Cobalt for the EV revolution • Immediately west of the Blackpine Mine. • Discovered during trenching program in the 1960s. • Strong Cu-Co-Au soil anomalism over 650m. • Open at depth and to east and west. • 40 holes have been drilled; better results inc
Slide 30: Blackpine: Other Prospects
Blackpine Co-Cu Project, Idaho Other Prospects Cobalt for the EV revolution Vancouver Prospect North Vancouver Prospect • 600m long coincident Cu-Co-Au-As soil anomaly. • 600m long Cu-Co-Au-As soil anomaly. • Trench samples assayed up to 1.5m @ 13.2 g/t Au and • Additional soil sampling required. 0.
Slide 31: Blackpine: Other Prospects
Blackpine Co-Cu Project, Idaho Other Prospects Cobalt for the EV revolution DB Prospect Gossan Prospect Cuyana Prospect • VLF conductor with 250m long • VLF conductor with 250m long • >250m long Cu-in-soil anomaly. coincident Cu-Au-As soil anomaly. coincident Cu-Au-As soil anomaly. • 5 holes complet
Slide 32: Cobalt Uses: Battery Chemistry
Cobalt Uses Battery Chemistry Cobalt for the EV revolution Li-ion battery chemistry Ni • Cobalt is crucial in stabilising batteries and Ni boosting energy densities to allow a longer Ni charge life. Mn Mn • No suitable substitute for Cobalt. Co Mn Co • NMC811 battery becoming standard, resulting in
Slide 33: USA targeting cobalt
USA targeting cobalt 2021 Global cobalt mine supply (by country in Mt and % share) Cobalt for the EV revolution Whitehouse brief released 22 February 2022: “Securing a Made in America Supply Chain for Critical Minerals” • Cobalt legislated as a “Critical Mineral”. • Identified an over-reliance on fo