pac partners
Raising $5m to $6m • EV of $3.5m, Market Cap. $8.5m TO $9.5m upon IPO
Cobalt grades up to 9.41% reported in historic drilling (assay not used in resource) • News Flow: Planned drilling to commence in mid-late August
WOLLOGORANG PROJECT - NORTHERN TERRITORY Opportunity is to expand the historic cobalt resource and refine scoping studies • 1990’s CRA (Rio Tinto) drilled ~290 holes targeBng sedimentary hosted Co-Cu-Ni Sulphides • Historic cobalt dominant Resources (JORC 2004): - Indicated 800,000t @ 0.15% Co, 0.08% Ni and 0.15% Cu - Inferred 100,000t @ 0.12% Co, 0.04% Ni and 0.12% Cu • Updated JORC 2012 Inferred Resource of 500,000t @ 0.17% Co, 0.09% Ni and 0.11 % Cu* • ExploraBon upside on large tenement package for Co-Cu and other base metals targets - ExploraBon target: 2.8 – 3.8 Mt @ 0.12 – 0.17% Co, 0.04 – 0.09 % Ni and 0.12 – 0.17% Cu (JORC 2012) •
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