Iron Bear Resources Ltd · ASX:IBR
Iron Bear Resources — Cape Lambert Resources — PDAC Convention 2017
26 slides from Iron Bear Resources's conference presentation, March 2017
Slide 1: PDAC Convention, Toronto, March 2017
PDAC Convention Toronto, Canada March 2017 Unearthing the minerals powering our future
Slide 2: Why Cape Lambert Resources?
Why Cape Lambert Resources? Cape Lambert is a diversified mineral development and investment company well positioned to deliver shareholder value though our Acquire, Add Value and Realise strategy. Our activities aim to meet global demand for minerals that drive progress and power our future. Strate
Slide 3: Company Strategy
Company Strategy Inline with our strategy to acquire and invest in undervalued and undeveloped mineral projects we seek to capitalise on an undervalued and emerging cobalt market by acquiring the rights to: § a readily available cobalt rich tailings dam in the DRC copper belt; § a nearby processing
Slide 4: Cobalt Project – Summary
Cobalt Project – Summary Paragon’s holdings/interests that are part of the proposed JV Agreement include: § a 70% interest in the Kipushi tailings dam and will increase that interest to 85%; § 100% ownership of the Kipushi Processing Plant; and § The rights to acquire 100% interest in 3 cobalt rich
Slide 5: Cobalt Project – Acquisition Details
Cobalt Project – Acquisition Details § CFE will acquire 50% JVCo interest in newly established JVCo, which will operate under Joint Paragon 50% CFE 50% Venture Agreement; and § Paragon will transfer the Cobalt Project into JVCo. CFE will be responsible for funding: § the establishment of mining of K
Slide 6: Cobalt Project – JVCo Objectives
Cobalt Project – JVCo Objectives The objectives of the JVCo will be to: § commence mining activities at Kipushi Tailings within 6 months; § commence exploration activities on Kasombo; § complete a Feasibility Study on Kasombo within 18 months; § commence mining activities at Kasombo within 24 months
Slide 7: Cobalt Sources
Cobalt Sources Most cobalt is produced as a by product of either copper or nickel production 38% nickel 60% copper production by production by product product 2% primary cobalt production Page 7 | March 2017
Slide 8: Cobalt – Qualities & Applications
Cobalt – Qualities & Applications Cobalt - one of the worlds essential minerals § Lustrous, silvery-blue, magnetic metal; § High melting point (1,495 degrees Celsius); § Maintains strength even at high temperatures; § Maintains its magnetism at temperatures up to 1,121 degrees Celsius; § Used in: pi
Slide 9: Global Cobalt Production
Global Cobalt Production Page 9 | March 2017
Slide 10: Global Cobalt Supply/Demand Balance
Global Cobalt Supply/Demand Balance Page 10 | March 2017
Slide 11: Why the DRC?
Why the DRC? The DRC holds approximately 47% of the global cobalt reserve base. It is the world's single largest supply source with roughly 63% of global cobalt supply originating in the DRC. Page 11 | March 2017
Slide 12: Kipushi Project Location
Kipushi Project Location The Kipushi Project is located only 25 minutes from the well established mining town of Lubumbashi and is accessed mostly by sealed road. Page 12 | March 2017
Slide 13: Cobalt Project Layout
Cobalt Project Layout Kasombo 6, 7 &12 Kipushi Processing Plant Kipushi Cobalt Tailings Page 13 | March 2017
Slide 14: Kipushi Cobalt Project – Tailings Dam
Kipushi Cobalt Project – Tailings Dam View over Kipushi tailings dam The Kipushi tailings dam extends over 1km in length, over 400m in width, with an average depth of 8m. It is located approximately 8km from the Kipushi Processing Plant. Page 14 | March 2017
Slide 15: Kipushi Tailings Dam – Sampling Locations
Kipushi Tailings Dam – Sampling Locations Page 15 | March 2017
Slide 16: Kipushi Processing Plant
Kipushi Processing Plant The Kipushi Processing Plant comprises a conventional flotation plant with a throughput of 150tph and designed to produce a concentrate of: • 4,000tpa of Cobalt; • 10,000tpa of Copper; and • 2,000tpa of Zinc. The process plant is connected to State power via a 12Mw substatio
Slide 17: Kipushi Processing Plant
Kipushi Processing Plant View over milling circuit Administration Building View over flotation circuit Conveyors for dry tailings disposal Page 17 | March 2017
Slide 18: Kasombo Copper-Cobalt Project
Kasombo Copper-Cobalt Project The Kasombo Copper-Cobalt Project (Kasombo) is part of the Kasombo Complex, a series of copper-cobalt rich deposits that have been extensively explored by Gecamines and developed and mined by various international companies in joint venture with Gecamines. Kasombo is at
Slide 19: Kasombo Copper-Cobalt Project
Kasombo Copper-Cobalt Project Results from random hand held XRF sampling were consistent with and confirmed the previously reported mined copper and cobalt grades by Gecamines and Forrest International Group of between 2.7% to 3.7% copper and 3.5% to 5.3% cobalt. An extreme high grade rock sample fr
Slide 20: Cobalt Project Timeline
Cobalt Project Timeline Stage 1 Stage 2 Stage 3 Stage 4 31 March 2017 Q2 2017 Q3-4 2017 Q4 2017 Complete due • Undertake studies to Finalise all Commence diligence and confirm any upgrade works required production at establish JV requirements to optimise the for Kipushi Kipushi company and processin
Slide 21: Appendices
Cape Lambert <x \ esources Ltd @y APPENDICES
Slide 22: Corporate Snapshot
Corporate Snapshot Board of Directors 721M $28.8M issued shares market cap @ $0.04 Tony Sage - Executive Chairman Over 30 years’ experience in corporate advisory, funds management, capital raisings and 23.5M $3.1M management of exploration companies. options outstanding1 cash @ 31 Dec 2016 Tim Turne
Slide 23: Business Model & Strategy
Business Model & Strategy Our project team has the technical and commercial Acquire Add Value expertise and experience to > Leverage off strong maximise project development > “Hands on” balance sheet & approach relationships > Explore and > Early stage projects & evaluate project companies considere
Slide 24: Attributes
Attributes Competent Persons Statement The information in this report that relates to Exploration Results is based on information compiled by Mr Olaf Frederickson. Mr Frederickson is a Member of The Australasian Institute of Mining and Metallurgy (AusIMM) and has sufficient experience relevant to th
Slide 25: Disclaimer
Disclaimer This presentation has been prepared by Cape Lambert Resources Limited (“Cape Lambert” or the “Company”). It is not a disclosure document and should not be considered as an offer or invitation to subscribe for, or purchase any securities in the Company or as an inducement to make an offer
Slide 26: www.capelam.com.au
WWW.CAPELAM.COM.AU Cape Lambert Resources Limited Australian PR Investor Relations Professional Public Relations phone: +61 8 9380 9555 David Tasker email: info@capelam.com.au + 61 8 9388 0944 / + 61 (0)433 112 936