northern cobalt

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) •