INVESTOR PRESENTATION September 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.
International Cobalt Corp (CSE: CO, Frankfurt: 42L US: COBAF-Q ) Issued and Outstanding 185,753,772 Warrants and Options 84,015,931 CAPITAL STRUCTURE Fully Diluted 269,769,653 Market Capitalisation ($0.8) Feb. 2018 $14,860,000
“With this growth will come further disruption to the traditional market structures that have developed in cobalt over the last 30 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. ” Andrew Miller, Benchmark Minerals LIMITED US PRODUCTION Huge price increases since 2017 WILL TURN INTO AN September 2018 price: $US 64,499 /t ECNOMIC DRAG AND A POTENTIAL SECURITY RISK All time high: $US 110,000 / t in 2008
IMPORTANCE OF COBALT Cobalt is a Strategic Mineral for the Defense Industrial Base The largest use traditional use of cobalt is in superalloys, which are used to make jet engine parts and other military hardware (approximately 45% of consumption) Cobalt is Essential to Growing Segments of the economy 75% of lithium-ion batteries projected to contain cobalt by 2020 (Source: CRU Group) Electric Vehicles Need Cobalt for Battery Packs By 2020, 48% of cobalt demand will come from EVs and electronics (Source: CRU Group)
U.S. COBALT CONSUMERS FACE SECUIRTY-OF-SUPPLY RISKS ON MULTIPLE FRONTS Limited U.S. Production There is not a single active cobalt mine in the U.S., limited supply comes from other mineral byproducts U.S. Consumers Must Rely on Imports As of 2017, the U.S. was 72% net import- reliant
U.S. COBALT CONSUMERS FACE SECUIRTY-OF-SUPPLY RISKS ON MULTIPLE FRONTS Import-Reliance Presents Significant Risk The worlds leading primary producer of cobalt is the Democratic People’s Republic of the Congo China was the world’s leading producer of refined cobalt and a leading supplier of cobalt imports to the United States U.S. Response In response to these trends, Cobalt was designated as a Critical Mineral in a 2018 Executive Order
Cobalt imports to the United States exceeded 12,000 metric tons in 2017 8
Current Cobalt Social and Geopolitical Issues The Democratic Republic of the Congo with more than one-half of world production in 2016. This production was mainly a byproduct of copper operations. Cobalt also is recovered as a byproduct of nickel mining in Russia and other countries. Like the United States, China lacks sufficient domestic supplies for its industries and, thus, has aggressively sought to secure its supplies through overseas acquisitions. Cobalt demand is expected to grow significantly because of its use in rechargeable batteries for electric vehicles and other technologies. Other uses of cobalt are in superalloys for jet engines and cemented carbides for cutting tools and wear-resistant applications
Project Overview International Cobalt’s International Cobalt’s Blackbird Creek & Formation North Mount Thom & Ramsay Projects Projects 100% ownership of a two strategic cobalt assets in the historical Idaho Cobalt Belt in Lemhi County, USA. four projects totaling approximately 10200 hectares early entrant to area secured significant position in most prospective horizons of cobalt belt. Two Projects located in Eastern Canada with Significant historical showings and Cobalt prospective potential A Right of First Refusal on an additional 6871 Hectares in Idaho
Mount Thom - Nova Scotia, Canada Approximately 22 kilometres east of Truro. 39 mineral claims over five contiguous licences Covers approximately 1,560 acres. Non-National Instrument 43-101- compliant historical resource of 300,000 tonnes of copper grading 1.5 per cent Untested regional targets offering significant cobalt exploration potential.
Ramsay Cobalt- Located in the Bathurst Mining Camp of New Brunswick approximately 46 volcanogenic massive sulfide (VMS) mineral deposits with defined tonnage and another hu ndred mineral occurrences. Previous operators identified Cobalt and Copper mineralization over a 650m strike length through trenching, geochemical surveys, ground-based geophysics and a limited drilling program totaling 1,321 meters. Nine holes were drilled on the Ramsay cobalt property by previous workers in 2004. completed and received preliminary data from the high resolution Magnetic (MAG) and Time Domain Electromagnetic (TDEM) airborne survey
Idaho Cobalt Belt Historic Blackbird MiningArea: Blackbird Mine is the onlyhistoric primary cobalt mine in theUS International Cobalt’s Blackbird Creek Project: Immediately south of historicBlackbird Mine, Adjacent and south of eCobalt’s Idaho Cobalt Project International Cobalt’s Formation NorthProject: Historic showings within 5km of eCobalt’s Idaho Cobalt Project International Cobalt’s ROFR on 4 additional Cobalt Assets: four distinct and separate mining projects comprising up to 822 Claims (up to 6,871 hectares) in the Idaho Cobalt Belt, collectively known as the “Champion Projects.”
BLACKBIRD CREEK PROJECT – LUDWIG PROSPECT Noranda Exploration Results, 1979 Ludwig Historic Exploration Adit Historic Analysis (Anderson, 1943) Only 8 known drill holes by Noranda. More drilling recommended, but not documented. Surface sampling of the exploration adit revealed: “The cobalt bloom on the lower exposure is visible ▪ 7.0 metres of 0.71% cobalt from points more than half a mile away and makes DDH-70-2A drill hole returned the ledge stand out very conspicuously from others ▪ 7.9 metres of 0.4% cobalt in its vicinity A 20 feet of a talus slope carried “Slightly less than 2% cobalt”. Other richer zones Noranda conclusions: form bodies of ore a few feet thick that probably contain as much as 6% cobalt. Otherwise, the lode “ Exploration models suggest the presence of a large may carry from 1% - 2 % cobalt.” tonnage stratabound deposit of unknown grade within the Blackbird Breccia Stratigraphy.” 14
Ludwig Main Prospect showing inside the adit with Ludwig Main Prospect showing outsideface pervasive cobalt bloom (erythrite) throughout. covered in cobalt bloom (erythrite). 2016 reconnaissance sampling of the Ludwig Showing BLACKBIRD CREEK PROJECT – confirmed the presence of cobalt mineralization LUDWIG PROSPECT Grab sample at the adit of 0.48%cobalt
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 16
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 17
BLACKBIRD CREEK PROJECT- 2018 Ground Work Map Completed 2018 Groundwork Program Assays Released Soon 18
Modern Exploration and Geoscience Techniques : Full spectrum soil sampling Extensive geophysical Surverys New Cobalt “Raven” Prospect Discovery Magnetic Surveys Electromagnetic Systematic Unbiased Sampling
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