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:
? US116M NPV10% and 71% IRR (pre-tax) ? Annual production: 19,360t Cu, 1,507t Co at US1.35/LB ? 7-year mine life: Ore Reserve 6.98Mt at 3.03% Cu, 0.36% Co ? US53.12M 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