Slide 1: New Copper District in the Kalahari Copper Belt, Botswana
New Copper District in the Kalahari Copper Belt, Botswana For personal use only Africa Down Under Perth ASX: CBE September 2023 This presentation has been approved by the CEO, Adam Wooldridge and Executive Chairman, Martin C Holland ASX: CBE
Slide 2: Disclaimer
Disclaimer Not for release to US wire services or distribution in the United States. For full exploration results and relevant JORC table information referred to in this Presentation, refer to the Company’s ASX announcements of 27 July, 1, 3, 16 & 30 August 2022, 9 & 21 September 2022, This investor
Slide 3: Corporate Snapshot
Corporate Snapshot For personal use only 3 Africa Down Under | September 2023
Slide 4: Corporate Snapshot
Corporate Snapshot Capital Structure Shareholder Structure (as at 04/09/2023) Share Price (as at 01/09/23) A$0.061 Strata PLC: 19.9% For personal use only Shares on issue 286.9M HSBC Custody Nominees (Australia) Limited: 8.8% Market Capitalisation A$17.5M Holland International PTY LTD: 4.1% Cash Pos
Slide 5: Board of Directors – Strong Leadership
Board of Directors – Strong Leadership For personal use only Martin C Holland Adam Wooldridge Dr Ross McGowan Michael McNeilly Michael Addison Andrew Sissian Executive Chairman Chief Executive Officer Non-Executive Director Non-Executive Director Non-Executive Director Non-Executive Director Mr Holl
Slide 6: Fueling Copper's Future Growth: Robust Exploration and Development Pipeline
Fueling Copper's Future Growth: Robust Exploration and Development Pipeline for High-Quality Copper Resources • Strategic Global Land Package with district- For personal use only Global Presence scale discovery opportunities • Potential for significant moderate grade Sandiman (51%) (103 – 166Mt @ 0.
Slide 7: Kalahari Copper Belt
Kalahari Copper For personal use only Belt 7 Africa Down Under | September 2023
Slide 8: Why the Kalahari Copper Belt?
Why the Kalahari Copper Belt? The KCB is regarded as one of the world’s most prospective areas for yet-to-be- discovered sediment-hosted copper deposits by the US Geological Survey and is For personal use only emerging as a new copper production belt.1 Botswana ranks in the top 10 countries globally
Slide 9: Land Position
Land Position For personal use only Cobre-Kalahari Copper Belt Tenure Position and significant deposits • 100%-ownership of highly-prospective copper and silver exploration tenements in the Kalahari Copper Belt (KCB).1 • Second largest tenement package in the KCB consisting of four Project Areas: Ng
Slide 10: Discovery Focused Exploration
Discovery Focused For personal use only Exploration 10 Africa Down Under | September 2023
Slide 11: District Scale Potential: Northern KCB Margin
District Scale Potential: Northern KCB Margin Current exploration focus is on the unexplored northern KCB margin where Cobre holds the dominant license position: For personal use only • Strategically located near the basin margin of the KCB - typically prioritised for sedimentary-hosted copper depos
Slide 12: Kitlanya West Project
Kitlanya West Project For personal use only Soil sampling and ongoing shallow RC scout drilling identifies a number of new targets with encouraging copper anomalies 12 Africa Down Under | September 2023 ASX: CBE
Slide 13: NCP: Drill Results
NCP: Drill Results For personal use only • Consistent moderate grade chalcocite dominant mineralisation intersected along extensive strike lengths • Structurally controlled high-grade intersections include: • 9.3m @ 3.4% Cu and 30g/t Ag (downhole) • 10.7m @ 1.3% Cu and 18 g/t Ag (downhole) • Extensi
Slide 14: Essential Criteria for Viable In-Situ Leach Copper Recovery at NCP
Essential Criteria for Viable In-Situ Leach Copper Recovery at NCP Mineralisation suitable for Acid Leaching: • Fine-grained chalcocite ideal for hydrometallurgical processes. For personal use only • Fractures and cleavages enhance fluid flow for leaching. • Metallurgical tests confirm efficient cop
Slide 15: In-Situ Copper Recovery Model
In-Situ Copper Recovery Model For personal use only 15 Africa Down Under | September 2023 ASX: CBE
Slide 16: Modelling of Fracture Zones and Seals Associated with the Mineralised Zone
Modelling of Fracture Zones and Seals Associated with the Mineralised Zone For personal use only 16 Africa Down Under | September 2023 ASX: CBE
Slide 17: Modelling highlights significant scale and untested upside
Modelling highlights significant scale and untested upside Tonnage Cu % Category Confidence Mean Min Max Mean Min Max For personal use only 23.4 Mt 18.3Mt 28.4Mt 0.50% 0.45% 0.55% Exploration Target 1 111 Mt 85Mt 137Mt 0.40% 0.36% 0.43% Exploration Target 2 Untested contact: ~20km The estimates of t
Slide 18: Stage Gated Strategy to Advance Exploration and Development Projects
Stage Gated Strategy to Advance Exploration and Development Projects Stage gate ISCR development Exploration target development For personal use only Injection Pump Testing Prioritise targets Injection and monitoring wells to establish and model hydraulic Identify priority targets from geophysical,
Slide 19: Indicative Exploration Timeline
Indicative Exploration Timeline 2023/2024 Q3 Q4 Q1 Q2 • A total of 12,000m of diamond drilling For personal use only Ngami Copper Project completed at NCP to Hydrogeological concept study date First stage metallurgical test work • A total of 10,000m of RC AAG Survey (ASX: SFR collaboration) ● ● dril
Slide 20: In Summary
In Summary • Strategic Global Land Package: vast land package, district-scale discovery opportunities for copper deposits For personal use only • Accelerated Development Potential in Botswana: Ngami Copper Project and Kitlanya West Projects present discovery and potential copper development opportun
Slide 21: Thank you
For personal use only Thank you Contact For more information contact: www.cobre.com.au info@cobre.com.au 21