INVESTOR PRESENTATION MARCH 2018 CSE: CO Frankfurt : 42L US: COBAF-Q
FORWARD LOOKING STATEMENTS Certain statements included in this presentation are forward-looking statements within the meaning of Canadian securities laws, including statements regarding the Blackbird Creek Project: Statements pertaining to the ability of International Cobalt Corp (“CO”); the potential to develop resources and then further develop reserves; the anticipated economic potential of the property; the availability of capital and finance for CO to execute its strategy going forward. Forward-looking statements are based on estimates and assumptions made by CO in light of its experience and perception of current and expected future developments, as well as other factors that CO believes are appropriate in the circumstances. Many factors could cause CO’s results, performance or achievements to differ materially from those expressed or implied by the forward looking statements, including: discrepancies between actual and estimated results from exploration and development and operating risks, dependence on early exploration stage concessions; uninsurable risks; competition; regulatory restrictions, including environmental regulatory restrictions and liability; currency fluctuations; defective title to mineral claims or property and dependence on key employees. Persons reviewing this presentation are cautioned not to place undue reliance on forward-looking statements due to inherent uncertainty therein. CO disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. The contents of this presentation have been reviewed by Neil McCallum P.Geo, a Qualified Person as defined by National Instrument 43-101. 2
WHY COBALT? 1. Green Economy Runs on Cobalt 75% of lithium-ion batteries projected to contain cobalt by 2020 (Source: CRU Group) 2. Electric Vehicles Need Cobalt for Battery Packs By 2020, 48% of cobalt demand will come from EVs and electronics (Source: CRU Group) 3. No Existing Primary Cobalt Mines in North America Tesla Motors have stated they intend to source all their raw material supplies (including Cobalt) from ethical, North American based sources. US government does not have any strategic cobalt stockpiles (Source: U.S Defense Logistics Agency). 4. Majority of Existing Cobalt Comes from Risky Regions DRC produced 58% of cobalt in 2014; Russia 6%; Cuba 5% 3
WHY COBALT? “With this growth will come further disruption to the traditional market structures that have developed in cobalt over the last 30 Cobalt is a Strong Performing Metal years. In short, a new, more secure supply chain for the modern era will need to be created, a task that includes new mines, new refineries, and a more transparent supply chain.” • 129% price increase in 2017 Andrew Miller, Benchmark Minerals January 2017 price: $US 75,500 / t • All time high: $US 110,000 / t in 2008 • “The refined cobalt market will fall into a 3,000 tonne deficit this year following seven years of overcapacity and oversupply. CRU anticipates prices to increase onward into 2017…” Edward Spencer, CRU Group 4
CLOSE PROXIMITY TO PROJECT LOCATION SIGNIFICANT MARKET END USERS 100% ownership of a two strategic cobalt assets in the historical Idaho Cobalt Belt in Lemhi County, USA. Two projects totaling approximately 3480 acres (1408 hectares) - early entrant to area secured significant position in most prospective horizons of cobalt belt. LG Chemicals US $303 million facility completed in 2012 in Holland, Michigan ● Capacity to produce 50,000-200,000 batteries per annum for electric cars ● In 2017 completed 100,000 square-foot addition to its battery cell manufacturing facility expanding upon the company's recent ● Tesla and its partners committed to up to $5 billion in growth into battery pack assembly with investment in Nevada battery operations multiple assembly lines ● Plans to ramp up production to 1 million cars per annum by 2020 ● Tesla intends to source all their raw materials (including 5 lithium) from ethical sources in North America”
IDAHO COBALT BELT Historic Blackbird Mining Area: ▪ Blackbird Mine is the only historic primary cobalt mine in the US ▪ Extensive operations between 1902 and 1968 eCobalt’s Idaho Cobalt Project (ICP): ▪ All permits in place (including environmental) ▪ 3.48 Mt @ 0.55% Co , 0.75% Cu, 0.531 g/t Au (M+I) International Cobalt’s Blackbird Creek Project: ▪ Immediately south of historic Blackbird Mine ▪ Adjacent and south of eCobalt’s Idaho Cobalt Project International Cobalt’s Formation North Project: ▪ Historic showings within 5km of eCobalt’s Idaho Cobalt Project 6
eCOBALT’S IDAHO COBALT PROJECT (ICP) eCobalt Idaho Cobalt Project • $65,000,000 spent to date • All permits in place • Company well financed • No debt 7
INTERNATIONAL COBALT’S PROJECTS STRATEGIC LOCATION North and south of eCobalt’s Idaho Cobalt Project.. Along the Idaho Cobalt Belt. PROSPECTS: Blackbird ▪ Ludwig ▪ Slippery Gulch ▪ Moonlight A ▪ Edith B Formation North ▪ Tinkers Pride ▪ Bonanza 8
BLACKBIRD CREEK PROJECT – LUDWIG PROSPECT Historic Analysis (Anderson, 1943) Noranda Exploration Results, 1979 “The cobalt bloom on the lower exposure is ▪ visible from points more than half a mile away Only 8 known drill holes by Noranda. More drilling and makes the ledge stand out very recommended, but not documented. ▪ conspicuously from others in its vicinity A 20 Surface sampling of the exploration adit revealed: ▪ feet of a talus slope carried “Slightly less than 7.0 metres of 0.71% cobalt ▪ 2% cobalt”. Other richer zones form bodies of DDH-70-2A drill hole returned ▪ ore a few feet thick that probably contain as 7.9 metres of 0.4% cobalt much as 6% cobalt. Otherwise, the lode may Noranda conclusions: carry from 1% - 2 % cobalt.” “Exploration models suggest the presence of a large 9 tonnage stratabound deposit of unknown grade within the Blackbird Breccia Stratigraphy.”
BLACKBIRD CREEK PROJECT- Total Magnetic Intensity Selected samples from 1979-1980 Noranda sampling SAMPLE ID Cobalt (%) 8474 4.50 8507 0.16 8511 0.30 8516 0.28 8537 1.70 8580 1.30 8581 0.18 8582 0.75 16666 0.21 16667 0.22 16668 1.86 16672 1.28 10
BLACKBIRD CREEK PROJECT- Electromagnetic Conductivity Selected samples from 1979-1980 Noranda sampling SAMPLE ID Cobalt (%) 8474 4.50 8507 0.16 8511 0.30 8516 0.28 8537 1.70 8580 1.30 8581 0.18 8582 0.75 16666 0.21 16667 0.22 16668 1.86 16672 1.28 11
BLACKBIRD CREEK PROJECT – LUDWIG PROSPECT Ludwig Main Prospect showing outside face Ludwig Main Prospect showing inside the adit with pervasive cobalt bloom (erythrite) covered in cobalt bloom (erythrite). throughout. 2016 reconnaissance sampling of the Ludwig Showing confirmed the presence of cobalt mineralization: • grab sample at the adit of 0.48% cobalt 12
FORMATION NORTH – TINKERS PRIDE AND BONANZA 13
MANAGEMENT Tim Johnson - CEO/Director Mr. Johnson has over 25 years experience in the mineral exploration industry ranging from grassroots prospecting to consulting company operation and public company management. As a founder and manager of Arcmin Enterprises he helped a northern British Columbia First Nation build a labour service company employing over 180 people providing entry level and skilled workers to exploration and development projects in BC’s golden triangle. Mr. Johnson is also a director and CEO of Granite Creek Gold a TSX.V listed company exploring for gold in West Africa. Eugene Beukman - Director Eugene Beukman is the Corporate Counsel of the Pender Group of Companies, a position he has held since January 1994. He graduated from the Rand University of Johannesburg, South Africa with a Bachelor of Law degree and a Bachelor of Law Honors Postgraduate degree in 1987. Mr. Beukman was previously employed as a legal advisor to the predecessor of BHP Billiton. He has over twenty years experience in the acquisition of assets and joint ventures. 14
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