Nzuri Copper - Cobalt on Fire but NZC Waterlogged

Remarkable that this cobalt/copper beauty play has been forgotten and undervalued. No excuses for not accumulating at these levels.

•$10m cornerstone investment – Huayou Cobalt
• Kalongwe Stage 1 DMS Project advancing with potential further value uplift from Stage 2
• Aggressive exploration in world-class belt

High-grade copper and cobalt portfolio in Central African Copper Belt
Recent US$10m cornerstone investment by China’s Huayou Cobalt (14.8% stake)
World’s largest cobalt chemicals producer
Near-term production pathway at Kalongwe oxide copper-cobalt project
Low-cost DMS Stage 1 project – fully permitted and ready to execute
Further development and optimization studies already underway
Including assessment of SX-EW processing options
Outstanding leverage and upside to rising copper and cobalt prices
Significant exploration upside within 334km2 Fold and Thrust Belt JV with Ivanhoe

Capital Structure ( A$ )
Market Cap ~$100m @ 39c/share
Cash $6m (at 31st December 2017)
Issued Shares 270.2M (279.8M fully Diluted)
Options: 9.6M
Debt Nil
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