Have taken a position in NZC as my only cobalt holding. Price of colbalt is ever increasing on the back of the EV transition and I expect NZC to capitalise on both copper and colbalt throughout 2018
Upcoming News Flow
-----------------------------------
Initial drill programs completed at Monwezi 3
Katete and Kasangasi during the dry season
High-resolution airborne survey complete ahead of 2018 drilling program
Drilling currently in progress at Monwezi 7
Highlights
---------------
• Positive Feasibility Study: Kalongwe Stage 1
• Potential for major value uplift: Kalongwe Stage 2
• Regional exploration campaign ongoing
Kalongwe Stage 1: a robust, low-cost oxide copper-cobalt
project outlined by recent Feasibility Study:
? US$116M NPV10% and 71% IRR (pre-tax)
? Annual production: 19,360t Cu, 1,507t Co at US$1.35/lb
? 7-year mine life: Ore Reserve 6.98Mt at 3.03% Cu, 0.36% Co
? US$53.12M CAPEX and 21-month payback
? Fully-permitted with 12-month timeline to production postfunding
and Board approval
Kalongwe Stage 2: opportunity to deliver a significant
further uplift in value and mine life through SX-EW
processing – work underway
JORC Deposit
--------------------
6.98Mt at 3.03% Cu, 0.36% Co
Corporate Snapshot
------------------------------
Cash $11.98M
Issued Shares 230.3M
Options 9.6M
Debt Nil
Upcoming News Flow
-----------------------------------
Initial drill programs completed at Monwezi 3
Katete and Kasangasi during the dry season
High-resolution airborne survey complete ahead of 2018 drilling program
Drilling currently in progress at Monwezi 7
Highlights
---------------
• Positive Feasibility Study: Kalongwe Stage 1
• Potential for major value uplift: Kalongwe Stage 2
• Regional exploration campaign ongoing
Kalongwe Stage 1: a robust, low-cost oxide copper-cobalt
project outlined by recent Feasibility Study:
? US$116M NPV10% and 71% IRR (pre-tax)
? Annual production: 19,360t Cu, 1,507t Co at US$1.35/lb
? 7-year mine life: Ore Reserve 6.98Mt at 3.03% Cu, 0.36% Co
? US$53.12M CAPEX and 21-month payback
? Fully-permitted with 12-month timeline to production postfunding
and Board approval
Kalongwe Stage 2: opportunity to deliver a significant
further uplift in value and mine life through SX-EW
processing – work underway
JORC Deposit
--------------------
6.98Mt at 3.03% Cu, 0.36% Co
Corporate Snapshot
------------------------------
Cash $11.98M
Issued Shares 230.3M
Options 9.6M
Debt Nil