Global Cobalt Corp. (TSX.V:GCO)(FRA:3P0) Presentation - March 2014

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Information about Global Cobalt Corp. (TSX.V:GCO)(FRA:3P0) Presentation - March 2014
Finance

Published on March 5, 2014

Author: globalcobaltcorp

Source: slideshare.net

Description

Developing a New Mining District

Our Current Projects
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Welcome to Global Cobalt Corp.

Global Cobalt Corporation (TSX.V:GCO) is a strategic metals company focused on the development of a new mining region in the Republic of Altai, Russia.
As first mover into this new region, Global Cobalt will be able to leverage the world-class Karakul Cobalt Project and bring on stream a number of projects creating a mining district with enormous potential.

The Republic of Altai is a mineral rich, pro-mining region of southern Siberia, Russia, which neighbours the similarly mineral-endowed countries of Kazakhstan, Mongolia and China.

Although the Altai region of Russia was explored with multiple deposits discovered during the Soviet era, Global Cobalt will be a pioneer in the region as the first and only foreign invested publicly traded mining company to advance the mineral resources. Global Cobalt is positioning itself in the forefront of an untapped region, much like other mining companies did during the early 1990s in neighbouring Mongolia and Kazakhstan with tremendous success.

Recognizing strategic metals, and more specifically cobalt, as essential to the world's ever growing need due to the increasing focus on environmental sustainability, the electrification of the modern vehicle and the escalating appetite for consumer electronics such as mobile phones, tablets and laptops, Global Cobalt's primary objective is to define economically feasible projects through the acquisition of tactical mineral assets while aggressively expanding and exploring existing properties to supply the growing demand for cobalt and other strategic metals.

DEVELOPING     VALUE       Global  Cobalt  Corp.         “Powered  by  Cobalt”                                 TSXV:GCO  

CAUTIONARY NOTE This  presentaDon  contains  forward-­‐looking  statements  and  forward-­‐looking  informaDon  (collecDvely,  “forward-­‐looking  statements”)  within   the  meaning  of  applicable  Canadian  and  US  securiDes  legislaDon.  These  statements  relate  to  future  events  or  the  future  acDviDes  or   performance  of  the  Company.  All  statements,  other  than  statements  of  historical  fact  are  forward-­‐looking  statements.    InformaDon   concerning  mineral  resource  esDmates  also  may  be  deemed  to  be  forward-­‐looking  statements  in  that  it  reflects  a  predicDon  of  the   mineralizaDon  that  would  be  encountered  if  a  mineral  deposit  were  developed  and  mined.  Forward-­‐looking  statements  are  typically   idenDfied  by  words  such  as:  believe,  expect,  anDcipate,  intend,  esDmate,  postulate  and  similar  expressions,  or  which  by  their  nature  refer  to   future  events.       Although  the  Company  believes  that  such  statements  are  reasonable,  it  can  give  no  assurance  that  such  expectaDons  will  prove  to  be   correct.  Inherent  in  forward  looking  statements  are  risks  and  uncertainDes  beyond  the  Company’s  ability  to  predict  or  control,  including,   but  not  limited  to,  risks  related  to  the  Company’s  inability  to  idenDfy  one  or  more  economic  deposits  on  its  properDes,  variaDons  in  the   nature,  quality  and  quanDty  of  any  mineral  deposits  that  may  be  located,  variaDons  in  the  market  price  of  any  mineral  products  the   Company  may  produce  or  plan  to  produce,  the  Company’s  inability  to  obtain  any  necessary  permits,  consents  or  authorizaDons  required  for   its  acDviDes,  to  produce  minerals  from  its  properDes  successfully  or  profitably,  to  conDnue  its  projected  growth,  to  raise  the  necessary   capital  or  to  be  fully  able  to  implement  its  business  strategies.   The  Company  cauDons  investors  that  any  forward-­‐looking  statements  by  the  Company  are  not  guarantees  of  future  performance,  and  that   actual  results  are  likely  to  differ,  and  may  differ  materially,  from  those  expressed  or  implied  by  forward  looking  statements  contained  in  this   presentaDon.     These  forward  looking  statements  are  made  as  of  the  date  hereof  and  the  Company  does  not  intend  and  does  not  assume  any  obligaDon,  to   update  these  forward  looking  statements,  except  as  required  by  applicable  law.  For  the  reasons  set  forth  above,  investors  should  not   aXribute  undue  certainty  to  or  place  undue  reliance  on  forward-­‐looking  statements.     CauDonary  Note  to  US  Investors  Concerning  Reserve  and  Resource  EsDmates   NaDonal  Instrument  43-­‐101  Standards  of  Disclosure  of  Mineral  Projects  (“NI  43-­‐101”)  is  a  rule  developed  by  the  Canadian  SecuriDes   Administrators  which  establishes  standards  for  all  public  disclosure  an  issuer  makes  of  scienDfic  and  technical  informaDon  concerning   mineral  projects.    Unless  otherwise  indicated,  all  reserve  and  resource  esDmates  contained  in  or  incorporated  by  reference  in  this   presentaDon  have  been  prepared  in  accordance  with  NI  43-­‐101  and  the  guidelines  set  out  in  the  Canadian  InsDtute  of  Mining,  Metallurgy   and  Petroleum  (the  “CIM”)  Standards  on  Mineral  Resource  and  Mineral  Reserves,  adopted  by  the  CIM  Council  (the  “CIM  Standards”)  as   amended.     2   The  Qualified  Person  for  Global  Cobalt  Corp.  under  NaDonal  Instrument  43-­‐101  is  Dr.  Michael  Hitch.   2

STRATEGY OVERVIEW •  •  •  •  •  Historic Deposit Funded Work Program Strong Strategic Partners Projects 100km to Major Markets Strong Cobalt Fundamentals 3

THE OPPORTUNITY Global  Cobalt   Corp.   (TSX.V:GCO)   Firm  fooDng  for   the  development   of  one  of  the   world’s  largest   primary  cobalt   deposits  in  an   enDrely  new   mining  region   Project  Por8olio   • Karakul  is  an  advanced-­‐stage  strategic  metals  deposit     • Projects  are  located  in  a  pro-­‐mining  region     • Assets  are  close  to  major  markets   Partnerships  &  Leadership     • Secured  regional  and  federal  poliDcal  support     • Financial  backing  from  internaDonal  investors   • Proven  management  team  with  technical  &  financial  know-­‐how   DirecAon   • Technical  program  in  place  –  AddiDonal  drilling  Spring  2014   • Resource  Report  for  Q3  2014   • Preliminary  Economic  Assessment  for  Q4  2014   Cobalt   • Prices  recovering  from  all-­‐Dme  lows     • Supply  constraints  from  DRC   • Demand  increasing  by  7%  year  over  year   4   EsDmated  values  given  43-­‐101  non-­‐compliant    C1+C2  Soviet  Resource  in  addiDon  to    historic    equivalent  of  10%  of  the  P1  Soviet  defined  resource.    

SIGNIFICANT COBALT PRODUCTION SHARE Global  Cobalt  has  the  potenDal  to  produce  5%  of  the  world’s  cobalt   producDon  from  the  Karakul  Cobalt  Deposit  alone.   Global  Cobalt   Rest  of  World     95%   5%   “The  reader  is  cauDoned  that  the  Russian  mineral  resource  evaluaDon  system  differs  from  internaDonal  reporDng  guidelines  (for  example,  JORC  or  NaDonal  Instrument  43-­‐101).    A  qualified   person  has  not  verified  the  resource  evaluaDon  methodology  or,  if  applicable,  any  reliance  on  historical  data.    As  a  result,  the  Russian  resource  esDmates  included  in  this  presentaDon  should  not   be  relied  upon.”   Based  on  76,042  tonnes  of  cobalt  metal  produced  annually  as  quoted  by  the  Cobalt  Development  InsDtute   GCO’s  producDon  is  assumed  to  be  43,500  tonnes  per  annum  based  on  15.974  million  tonne  historic  non-­‐compliant  43-­‐101  resource  at  Karakul   5

MARKET SNAPSHOT Global Cobalt Corp. Issued & Outstanding TSX-V:GCO 84,230,588 High:     $0.27   *As  of  February  28th,  2014   Warrants 15,212,220 Options 5,265,000 Fully Diluted 104,707,808 52 Week High/Low $0.27/$0.035 Market Cap. $10M Low:   $0.035   50D  Moving  Avg.  $0.155     50D  Avg.  Volume  475,020   6   EsDmated  values  given  43-­‐101  non-­‐compliant    C1+C2  Soviet  Resource  in  addiDon  to    historic    equivalent  of  10%  of  the  P1  Soviet  defined  resource.    

THE ALTAI REGION: KEY FACTS Area  covers  92,600  km2  in  heart  of  Central  Asia   PopulaDon  of  approximately  215,000   100  km  by  paved  M52  Highway  to  China   Discoveries  in  Soviet  era  but  liXle  development   Historic  mining  and  processing  centre   Regional  government  acDve  in  the  mining   sector  along  with  the  Russian  Federal   Government   •  Government  development  program  in  place   with  the  Karakul  Cobalt  Project  as  the  pilot   project     •  Cdn.  $360  million  of  Cdn.  $440  million  in   program  funds  to  Karakul  for  investment    in   infrastructure  and  project  specific  expenditures     •  •  •  •  •  •  REPUBLIC  OF   ALTAI   A  New  Mining   FronAer   7

YEAR ROUND ACCESS Saint-Petersburg Moscow Gorno-Altaysk N 8

THE ALTAI: A PRO-MINING REGION KARAKUL,  Altai  Republic   Kazakhstan   Mongolia   China   9  

INFRASTRUCTURE IN PLACE •  Access  by  air  to  Gorno-­‐Altaysk  Airport   (OAO)  and/or  Barnaul  Airport  (BAX)   •  Power  line  with  spare  capacity  25  km  away     •  Water  wells  drilled   •  All-­‐season  road     •  11,000    populaDon  in  nearby  town  of  Kosh   Agach     •  Drill  road  access  to  drill  pads   •  25  person  camp  with  permanent  buildings   –  open  core  shack     –  office  building  located  near  the   underground  workings   •  Technical  office  and  assay  lab  in  the  capital   of  Altai   Karakul  Camp   Karakul  Core  Shack  

EARN-IN TO TITLE •  Global  Cobalt  has  the  right  to  earn  100%  of  five  mineral   resource  projects  including  the  following:     •  Flagship  Karakul  Cobalt  Project     •  Altai  Sister  ProperDes:   o  Kuruozek;  Yantau;  Toshtuozek  and  Olendzhular   •  Ownership  thresholds  based  on  aggregate  work   program  and  mineral  resource  tonnage   •  Enables  greater  control  over  a  robust  project  porwolio   •  Ability  to  leverage  itself  for  future  opportuniDes   •  ConsideraDon  for  the  OpDon  in  the  ProperDes  includes:   •  8,630,000  common  shares  of  GCO  to  IMHL   •  IMHL  maintains  a  1.5%  NSR   •  Global  Cobalt  has  ROFR  on  buyout  of  the  1.5%  NSR   EsDmated  values  given  43-­‐101  non-­‐compliant    C1+C2  Soviet  Resource  in  addiDon  to    historic    equivalent  of  10%  of  the  P1  Soviet  defined  resource.     11

HISTORIC DEPOSIT •  Licensed  for  exploraDon  &   mining   •  1978-­‐1985:  8,000m   surface  drilled,  1,000m   underground  drilled,   3,000m  of  adit  tunneled   •  2008:  16,788m  diamond   drilled  (108  bore  holes)   •  2013:  7,500m  drilled   •  2014  assay  results  confirm   historic  data   •  NI  43-­‐101  Resource   Report  expected  Q2  2014   Drill  Rig  at  Karakul   12  

SUMMARY OF EXPLORATION WORK COMPLETED 1973-85 ExploraDon  work  carried  out  during  the  Kurai  expediDon  consisted  of   comprehensive  mapping  and  sampling  as  well  as  drilling,  trenching  and   underground  development.       Work  Performed   1973  -­‐  1977   Underground  development   Trenches  (15,000  metres)   Trench  Samples   3,000  metres   Majority   Remaining   691   1,920   51  core  Boreholes   Borehole  Assay  Samples   Geochemical  Assays   1978  -­‐  1985   8,000  metres   310   1,009   1,914   3,888   Heavy  Mineral  Assays   149   Gold  Assays   13   Technological  Tests   4   Thin  SecDon  Work   Tests  for  Physical  ProperDes   7   720   153   475   13  

SUMMARY OF EXPLORATION WORK COMPLETED 2007-09 Previous  exploraDon  carried  out  between  2007  and  2009  focused  on   the  Western  Zone  and  the  northern  part  of  the  Eastern  Zone.       Work  Performed   2007   Topographical  Survey   Complete   Metallurgical  Study   Complete   Assessment  of  Eastern  Zone   2009   Complete   Engineering  Studies   2008   Complete   106  Core  Boreholes   Downhole  Geophysical  Survey   Geochemical  Assays   3D  Geological  Modelling   16,768  metres   On  Approx.  80  ddh   2,021   Complete   14  

KARAKUL ESTIMATES* The  current  size,  scale  and  potenDal  of  Karakul  make  it  one  of  the   largest  known  primary  sources  of  the  strategic  metal  cobalt   globally.     Resource   Category   Tonnes   (M)   Co  Grade   (%)   Bi  Grade   (%)   Cu  Grade   (%)   WO3   Grade   (%)   Co   Equivalent   C1+C2     15.974   0.21   0.09   0.44   0.08   0.26   Resource   Category   Tonnes   (M)   Co  Grade   (%)   Bi  Grade   (%)   Cu  Grade   (%)   WO3   Grade   (%)   Co   Equivalent   P1   39.8   0.24   0.16   0.27   0.04   0.47   P2   146.7   0.26   0.18   0.28   0.03   0.31   *  FOR  THE  PURPOSE  OF  NATIONAL  INSTRUMENT    43-­‐101  THERE  ARE  NO  MINERAL  RESOURCES  ON  THE  KARAKUL  EXPLORATION  PROJECT.    MINERAL  RESOURCES  HAVE  BEEN  ESTIMATED  IN  2006  BY  THE  “SIBERIAN   SCIENTFIC  RESEARCH  AND  PROJECTING  INSTITUE  OF  BASE  METALLURGY”  USING  THE  RUSSIAN  ESTIMATION  SYSTEM  THAT  IS  DIFFERENT  FROM  THAT  OF  REPORTING  GUIDELINES  IN  CANADA  AND  SHOULD  NOT  BE   REPLIED  UPON.       A  WORK  PROGRAM  IS  CURRENTLY  BEING  CONDUCTED  BY  GLOBAL  COBALT  THAT  WILL  ALLOW  FOR  THE  PREPARATION  OF  A  MINERAL  RESOURCE  EVALUATION  PURSUANT  TO  NATIONAL  INSTRUMENT  43-­‐101   15   DISCLOSURE  GUIDLEINGS.  

HIGHLIGHTS FROM ASSAY RESULTS 181 _7 n 56 skew io Sect kew _8 s n 54 io Sect 196 194 193 195 kew 4_ s n5 io Sect 2_ ion 5 Sect ion Sect 183 176 184 skew 177 187 185 ew 1 sk 50_ 178 186 197 198 skew 48_2 ion Section 46 Sect 199 200 201 Section 44 217 179 Section 42 204 203 202 205 206 180 Section 40 188 189 219 190 191 Section 38 210 212 Section 36 218 213 Section 34 214 215 216 Section 32 Section 30 174 175 Section_28 211 192 N •  Confirming  historic  drill  results   •  DemonstraDng  conDnuity  of  system   along  western  edge   •  Good  correlaDon  at  depth  and  along   strike     •  Company  drilled  its  highest  grade   intercept  to  date:   •  Hole  #199:  3.3m  of  0.909%  Cobalt   (Co)  3.06%  Copper  (Cu),  0.378%   Bismuth  (Bi),  0.874%  Tungsten   (WO3)  &  52.433g/t  Silver  (Ag).   •  New  intersecDons  of  previously   unknown  zones  at  depth  appear  to   show  strong  grades  and  indicate  the   deposit  remains  open  to  depth   •  New  silver,  tungsten,  copper  and   bismuth  results  returned  with  potenDal   to  increase  metal  content  in  the   modeling   16  

KEY ASSUMPTIONS: OPEN PIT MINING PARAMETER   VALUE   UNIT   Cobalt  Price   39,000   USD  per  Tonne   Copper  Price   10,140   USD  per  Tonne   Bismuth  Price   28,340   USD  per  Tonne   Exchange  Rate   1.06   USD/CAD   Exchange  Rate   33   USD/RUR   Mining  Costs   3   US$  per  Tonne  Mined   Processing  &  Metallurgy   30   USD  per  Tonne  of  Feed   G&A     5   USD  per  Tonne  of  Feed   Transport  Cost   2   USD  per  Payable  Grade   Royalty   8   Percent  of  the  Revenue   Mining  DiluDon   5   Percent   Mining  Loss   5   Percent   Overall  Pit  Slope   50   Degrees   Process  Rate   4,000,000   Tonnes  of  feed  per  Year   Cobalt  Process  Recovery   87.30   Percent   Copper  Process  Recovery   86.90   Percent   Bismuth  Process  Recovery   60.00   Percent   NSR  Cut-­‐Off  Grade   35   USD  per  Tonne  of  Feed   Karakul  Camp  from  Outcropping   *  FOR  THE  PURPOSE  OF  NATIONAL  INSTRUMENT    43-­‐101  THERE  ARE  NO  MINERAL  RESOURCES  ON  THE  KARAKUL  EXPLORATION  PROJECT.    MINERAL  RESOURCES  HAVE  BEEN  ESTIMATED  IN  2006  BY  THE  “SIBERIAN  SCIENTFIC  RESEARCH  AND   PROJECTING  INSTITUE  OF  BASE  METALLURGY”  USING  THE  RUSSIAN  ESTIMATION  SYSTEM  THAT  IS  DIFFERENT  FROM  THAT  OF  REPORTING  GUIDELINES  IN  CANADA  AND  SHOULD  NOT  BE  REPLIED  UPON.       A  WORK  PROGRAM  IS  CURRENTLY  BEING  CONDUCTED  BY  GLOBAL  COBALT  THAT  WILL  ALLOW  FOR  THE  PREPARATION  OF  A  MINERAL  RESOURCE  EVALUATION  PURSUANT  TO  NATIONAL  INSTRUMENT  43-­‐101  DISCLOSURE  GUIDLEINGS.   17  

KEY ASSUMPTIONS: UNDER GROUND MINING PARAMETER   VALUE   UNIT   Cobalt  Price   39,000   USD  per  Tonne   Copper  Price   10,140   USD  per  Tonne   Bismuth  Price   28,340   USD  per  Tonne   Exchange  Rate   1.06   USD/CAD   Exchange  Rate   33   USD/RUR   Mining  Costs   60   US$  per  Tonne  Mined   Processing  &  Metallurgy   30   USD  per  Tonne  of  Feed   G&A     5   USD  per  Tonne  of  Feed   Transport  Cost   2   USD  per  Payable  Grade   Mining  DiluDon   10   Percent   Mining  Recovery   85   Percent   Cobalt  Process  Recovery   87.30   Percent   Copper  Process  Recovery   86.90   Percent   Bismuth  Process  Recovery   60.00   Percent   NSR  Cut-­‐Off  Grade   95   USD  per  Tonne  of  Feed   Assumed  Process  Rate   200,000   Tonnes  of  Feed  per  Year   Assumed  Mining  Rate   600   Tonnes  per  Day   Entrance  to  Adit   Road  to  Karakul   *  FOR  THE  PURPOSE  OF  NATIONAL  INSTRUMENT    43-­‐101  THERE  ARE  NO  MINERAL  RESOURCES  ON  THE  KARAKUL  EXPLORATION  PROJECT.    MINERAL  RESOURCES  HAVE  BEEN  ESTIMATED  IN  2006  BY  THE  “SIBERIAN  SCIENTFIC  RESEARCH  AND   PROJECTING  INSTITUE  OF  BASE  METALLURGY”  USING  THE  RUSSIAN  ESTIMATION  SYSTEM  THAT  IS  DIFFERENT  FROM  THAT  OF  REPORTING  GUIDELINES  IN  CANADA  AND  SHOULD  NOT  BE  REPLIED  UPON.       A  WORK  PROGRAM  IS  CURRENTLY  BEING  CONDUCTED  BY  GLOBAL  COBALT  THAT  WILL  ALLOW  FOR  THE  PREPARATION  OF  A  MINERAL  RESOURCE  EVALUATION  PURSUANT  TO  NATIONAL  INSTRUMENT  43-­‐101  DISCLOSURE  GUIDLEINGS.   18  

KARAKUL DEVELOPMENT TIMELINE 2014   Q1   $3M  WORK  PROGRAM  AT  KARAKUL   Q2   2015   Q3   Q4   Q1   Q2   Q3   Complete   METALLURGICAL  SCOPING  TEST  PROGRAM   INITIATE  ADDITIONAL  EXPANSION  DRILLING  AT   KARAKUL  &  ALTAI  PROJECTS   INITIAL  RESOURCE  REPORT   INCREASE  PROJECT  EARN-­‐IN  THRESHOLD    TO   51%  WITH  ADDITIONAL  $4M  SPEND   PRODUCTION  OF  SCOPING  STUDY  BY  BGRIMM   PRE-­‐ECONOMIC  ASSESSMENT  (PEA)   STAKEHOLDER  ENGAGEMENT   A  WORK  PROGRAM  IS  CURRENTLY  BEING  CONDUCTED  BY  GLOBAL  COBALT  THAT  WILL  ALLOW  FOR  A  MORE  ACCURATE  UNDERSTANDING  OF  THE  PROJECT  AND   TIMELINE  REQUIRED  TO  ACHIEVE  THE  MILESTONES  INDICATED  ABOVE.   19  

DISTRICT STRATEGY •  Proximity  of  Satellite  ProperDes  to   Karakul  adds  the  possibility  of  an   extension  to  the  main  ore  bodies     •  Provides  significant  upside  to  the   creaDon  of  a  new  mining  jurisdicDon   in  the  Altai  region   •  Kuruozek:     •  PotenDal  extension  of  main   Karakul  deposit  500m  away   •  Olendzhular  &  Toshtuozek:   •  Excellent  tungsten  values  with   zoned  mineralisaDon   •  Yantau:     •  Preliminary  sampling  idenDfied   two  areas  of  anomalous  silver   over  Eastern  Zone   20  

KURUOZEK – POSSIBLE EXTENSION TO KARAKUL •  Kuruozek  lies  to  the  northern  end  of  Karakul   •  PotenDal  of  the  area  between  Kuruozek  and  Karakul  has  not  been   properly  assessed   •  2006  “IMC  Report”  suggest  that  Kuruozek  resources  are  similar  in   character  to  those  of  Karakul  –  could  be  part  of  same  deposit   •  Inferred  resources  north  of  Karakul  deposit  in  the  same  mineralised   trend   •  Drilling  planned  between  Karakul  and  Kuruozek  deposits   Resource   Category   Tonnes   (million)   Co  Grade   (%)   Bi  Grade   (%)   Ni  Grade   (%)   Cu  Grade   (%)   WO3  Grade   (%)   Au     (g/t)   P1   4.9   0.45   -­‐   0.42   -­‐   -­‐   2   P2   27.6   0.32   0.12   -­‐   0.33   0.07   -­‐   *  FOR  THE  PURPOSE  OF  NATIONAL  INSTRUMENT    43-­‐101  THERE  ARE  NO  MINERAL  RESOURCES  ON  THE  KARAKUL  EXPLORATION  PROJECT.    MINERAL  RESOURCES  HAVE  BEEN  ESTIMATED  IN  2006  BY  THE  “SIBERIAN   SCIENTFIC  RESEARCH  AND  PROJECTING  INSTITUE  OF  BASE  METALLURGY”  USING  THE  RUSSIAN  ESTIMATION  SYSTEM  THAT  IS  DIFFERENT  FROM  THAT  OF  REPORTING  GUIDELINES  IN  CANADA  AND  SHOULD  NOT  BE   REPLIED  UPON.       A  WORK  PROGRAM  IS  CURRENTLY  BEING  CONDUCTED  BY  GLOBAL  COBALT  THAT  WILL  ALLOW  FOR  THE  PREPARATION  OF  A  MINERAL  RESOURCE  EVALUATION  PURSUANT  TO  NATIONAL  INSTRUMENT  43-­‐101   21   DISCLOSURE  GUIDLEINGS.  

WERNER LAKE – PRIMARY COBALT IN CANADA •  One  of  the  few  near-­‐term  primary  cobalt  assets  in  North   America   •  Located  in  the  Kenora  Mining  District  in  Northwestern   Ontario   •  The  Werner  Lake  Mineral  Belt  is  an  amalgamaDon  of  a   commanding  1700  hectares  of  historic  and  past  producing   Core  from  Werner   assets   •   60  km  of  highly  mineralised  strike  encompassing  Co,  Cu   and  Ni-­‐PGE  resources   •  Historic  non  NI  43-­‐101  compliant  reserve  and  resource   totaling  1.1  million  tonnes  of  0.31%  Co,  0.29%  Cu  and   0.011  opt  Au   •  Significant  opportunity  to  increase  exisDng  resource  with   planned  exploraDon  and  extension  program   Drill  Rig  at  Werner   “The  reader  is  cauDoned  that  data  included  in  this  presentaDon  concerning  the  Werner  Lake  property  may  pre-­‐date  NaDonal  Instrument  43-­‐101  or  is  otherwise  not  compliant  with  NaDonal  Instrument  43-­‐101.       Such  data  is  marked  as  being  non-­‐compliant,  and  a  qualified  person  has  not  verified  such  data.    As  a  result,  the  reader  is  cauDoned  not  to  rely  upon  that  data.”   22

SUMMARY VISION:    Achieve  Growth  as  a  Leading  Strategic  Metals  Group  and   Enhance  Overall  Value  for  Shareholders   STRATEGY:  Balanced  and  Flexible  CombinaDon  of  Enhancing  ExisDng   Assets,  Organic  Growth  and  Strategic  AcquisiDons   PARTNERSHIPS:  ConDnue  to  Build  a  Significant  Enterprise  in   CooperaDon  with  InfluenDal  and  Strong  Partners   ASSETS:  Develop  ExisDng  Resources  and  Expand  Asset  Porwolio  &   Footprint  in  the  Natural  Resources  Sector,  Regionally  and  Worldwide   LEADERSHIP:  Engaged  to  the  Central  Vision  of  Advancing  the   Porwolio  of  Quality  Assets  to  Ensure  Corporate  Growth  &  ValuaDon   23   EsDmated  values  given  43-­‐101  non-­‐compliant    C1+C2  Soviet  Resource  in  addiDon  to    historic    equivalent  of  10%  of  the  P1  Soviet  defined  resource.    

APPENDIX •  •  •  •  •  MARKET  CAPITALIZATION  &  OWNERSHIP  STRUCTURE   COBALT  SECTOR   MANAGEMENT  TEAM  &  BOARD   STRATEGIC  PARTNERSHIPS   REPORT  ON  DRILLING  &  ASSAY  RESULTS   24   EsDmated  values  given  43-­‐101  non-­‐compliant    C1+C2  Soviet  Resource  in  addiDon  to    historic    equivalent  of  10%  of  the  P1  Soviet  defined  resource.    

MARKET CAPITALIZATION Global  Cobalt  Corp.   TSX-­‐V:GCO   Stock  OpAons   Issued  &  Outstanding   84,230,588   Expiry  Date   Issued   Price     Value   Warrants   15,212,220   Apr.  17,  2014   60,000   $0.30   $18,000   OpDons   5,265,000   Nov.  30,  2014   350,000   $0.34   $119,000   Fully  Diluted   104,707,808   Jan.  15,  2015   300,000   $0.30   $90,000   52  Week  High/Low   $0.27/$0.035   Dec.  18,  2018   400,000   $0.24   $96,000   $10M   Dec.  18,  2018   4,155,000   $0.19   $789,450   Market  Cap.   Warrants   Ownership  Structure   Expiry  Date   RETAIL   50%   Warrant   DescripAon   80,761   $1.50   FT  Private   Placement   Sept.  19,  2015   1,812,060   $0.073   Private   Placement   Nov.  6,  2015   MANAGEMENT   10%   Price     Dec.  30,  2014   IMHL   30%   Issued   7,202,000   $0.070   Private   Placement   Jan.  27,  2017   6,117,399   $0.35   Private   Placement   INSTITUTIONAL   25   EsDmated  values  given  43-­‐101  non-­‐compliant    C1+C2  Soviet  Resource  in  addiDon  to    historic    equivalent  of  10%  of  the  P1  Soviet  defined  resource.     10%  

COBALT MARKET LOW  PRICE  +  SUPPLY  RISK  +  GROWING  DEMAND     =  OPPORTUNITY  IN  COBALT   Hybrid  Electric   Vehicle  (HEV)   BaXeries     •  EssenDal  component   in  growing   rechargeable  baXery   sector   •  Diminishes  demand   for  fossil  fuels  and   reduces  air  polluDon   Aerospace   Technology  &   Hardened  Steel   Digital Revolution and Electronics •  Jet  engine  turbines  &   •  Mobile Phones & Smartphones military  technology   •  Wear  resistant  &  high   •  Computers & other electronic goods strength  steel  alloys   including iPods & •  High  speed  steels     iPads •  Magnets   •  Integrated Circuits   Renewable    Energy     •  Solar  Panel  technology   •  Wind  generaDon   (turbines)   •  Energy  Storage   26   EsDmated  values  given  43-­‐101  non-­‐compliant    C1+C2  Soviet  Resource  in  addiDon  to    historic    equivalent  of  10%  of  the  P1  Soviet  defined  resource.    

DRIVING THE DEMAND •  DramaDc  shi{  in  demand  dynamics  over  the  past  10  years  with  a   transiDon  of  demand  focused  on  Asia,  with  emphasis  on  China,  from   USA  and  Western  Europe   •  Significant  increase  in  cobalt  required  in  chemical  applicaDons  with   notable  use  in  baXery  sector  in  consumer  electronics,  electric   vehicle  industry,  catalysts,  turbines  and  new  energy  soluDons   •  The  movement  towards  environmentally  sustainable  soluDons  will   play  a  pivotal  role  in  cobalt  demand,  along  with  the  rise  of  emerging   naDon's  role  in  elevated  consumpDon  of  these  electronics  requiring   the  use  of  cobalt       •  4kg  of  cobalt  in  each  HEV  and  6kg  for  each  EV  for  an  esDmated   30,000  tonnes  cobalt  required  for  new  automobile  use  with  12  and   13  million  HEVs  expected  on  the  road  by  2020   •  3.6g  of  cobalt  in  every  mobile  phone  with  penetraDon  of  mobile   phones,  especially  in  Africa  and  Asia  expected  to  conDnue   •  Laptop  and  tablet  producDon  expected  to  double  over  the  next  five   years  which  would  require  an  esDmated  11,000  tons  of  cobalt   27   EsDmated  values  given  43-­‐101  non-­‐compliant    C1+C2  Soviet  Resource  in  addiDon  to    historic    equivalent  of  10%  of  the  P1  Soviet  defined  resource.    

ROADBLOCKS IN SUPPLY •  Global  annual  producDon  of  cobalt  is  over  75k  tonnes  of  metal,  with  majority  Ded  into  nickel  and  copper   producDon  centered  in  the  DemocraDc  Republic  of  Congo.    Very  few  primary  cobalt  projects   •  China  refines  nearly  half  of  the  world’s  cobalt  but  only  a  fracDon  of  that  (7%)  is  from  domesDcally  mined   cobalt  producDon  -­‐  the  majority  is  sourced  from  the  DRC.    Creates  risk  to  price  volaDlity  and  supply   disrupDons   •  DRC  risk  is  extremely  high  both  poliDcally  and  logisDcally   •  DRC  has  implemented  an  increased  tax  of  67%  to  $100/tonne,  is  in  process  of  changing  mining  codes  to   increase  state  ownership  from  5%  to  35%  and  will  be  placing  an  export  ban  on  cobalt  (and  copper   concentrate)  effecDve  2014   •  28   Transport  logisDcs  in  Africa  are  problemaDc  a43-­‐101  nre  in  need  of  aR  esource  in  addiDon  to    historic    equivalent  of  10%  of  the  P1  Soviet  defined  resource.     nd  aon-­‐compliant    C1+C2  Soviet   conDnental  overhaul   EsDmated  values  given  

PRICED AT HISTORIC LOWS •  Current  cobalt  price  is  close  to  its  historical  lows   •  Current  real-­‐term  cobalt  prices  are  at  their  historical   lows   •  This  offers  a  unique  window  for  investment  as  the   company’s  valuaDons  are  at  their  lowest   •  Historically  low  prices  for  many  base  metals  is  what  is   widely  perceived  to  be  the  key  raDonale  behind  China’s   already  strong  and  rapidly  growing  acquisiDon  policy  in   terms  of  natural  resources   •  Cobalt  is  the  most  expensive  of  the  base  metals  and  one   of  the  few  considered  as  a  strategic  metal   29   EsDmated  values  given  43-­‐101  non-­‐compliant    C1+C2  Soviet  Resource  in  addiDon  to    historic    equivalent  of  10%  of  the  P1  Soviet  defined  resource.    

THE RIGHT MARKET, NOW! •  Cobalt  is  a  strategic  metal  and  is  stockpiled  in  many  of  the  world’s  largest   and  developed  countries   •  Cobalt  has  a  criDcal  use  in  hi-­‐tech  technologies  and  is  necessary  for  the   conDnued  status  of  China  as  a  leader  in  that  sector   •  China  is  the  largest  importer  of  cobalt  and  the  largest  exporter  of  cobalt-­‐ related  end  products   •  Over  90%  of  China’s  current  cobalt  imports  come  from  Africa,  parDcularly   from  by-­‐product  producDon  in  the  DRC   •  It  is  widely  understood  that  DRC  comprises  harsh  poliDcal                                         regimes  likely  to  aggravate  in  the  near  future,  making  the  source  of  safe   cobalt  supply  an  acute  problem  worldwide   30   EsDmated  values  given  43-­‐101  non-­‐compliant    C1+C2  Soviet  Resource  in  addiDon  to    historic    equivalent  of  10%  of  the  P1  Soviet  defined  resource.    

FOCUSED & MOTIVATED MANAGEMENT  TEAM       Ms.  Erin  Chucer,  President  &  CEO,  Director   •  President  and  CEO  of  Global  Cobalt  Corp;  founded  as  Puget  Ventures  in  2007.   •  Prior  to  founding  Puget,  Ms.  ChuXer  worked  for  PlaDnum  Group  Metals,  Mag  Silver,  West  Timmins  Mining.   •  ExperDse  in  management,  finance,  M&A,  strategy  and  operaDons.   •  From  1992-­‐2001,  Ms.  ChuXer  held  various  posiDons  for  federal  and  provincial  government  officials,  including  the  Leader  of  the  OpposiDon,   Minister  of  Indian  Affairs  and  Minister  of  Defence.   •  Ms.  ChuXer  sits  on  the  Boards  of  the  Canadian  Taxpayer's  FederaDon  and  the  MacDonald  Laurier  InsDtute,  and  is  the  Chair  of  the  Canada   Eurasian   Russia   Business   AssociaDon,   Vancouver   Chapter.     She   is   also   a   director   of   two   other   listed   companies   including   NioCorp   (a   US   Niobium  company).   •  Ms.  ChuXer  was  recently  recognized  with  a  2011  Business  in  Vancouver  “Top  40  Under  40”  achievement  award.       Dr.  Michael  Hitch,  PhD,  P.Eng,  P.Geo,  Chief  OperaAng  Officer   •  Highly   respected   senior   execuDve   with   over   25   years   of   internaDonal   experience   in   the   minerals   sector   in   construcDon,   operaDons   and   development.     •  Former  senior  execuDve  with  major  mining  companies  including  AngloGold  AshanD  Limited,  Echo  Bay  Mines  Ltd.  and  Ivanhoe  Mines.   •  Dr.  Hitch  has  many  years  in  resource  and  reserve  management,  mine  development  and  exploraDon,  and  is  proficient  in  strategic  planning.     •  Dr.  Hitch  is  also  a  registered  Professional  GeoscienDst  (Alberta  &  BriDsh  Columbia)  and  a  Professional  Engineer  (BriDsh  Columbia),  allowing   him  to  act  as  a  Qualified  Person  (QP)  as  defined  by  NI  43-­‐101.       Mr.  Paul  Sarjeant,  P.Geo,  VP  ExploraAon   •  Mr.   Sarjeant,   P.   Geo,   has   extensive   exploraDon,   project   evaluaDon   and   acquisiDon   experience   both   in   Canada   and   internaDonally   and   has   developed   a   solid   background   in   company   management   through   various   execuDve   management   posiDons   with   several   publicly   traded   junior   resource  companies.     •  Mr.  Sarjeant  began  his  career  with  Echo  Bay  Mines  Ltd  as  a  project  geologist  working  on  projects  in  the  NWT,  Archean  greenstone  belts,  Lupin   Mine  peripheral  project,  and  skarn  properDes  in  BC  and  Ecuador.     •  He  was  appointed  Senior  Geologist,  InternaDonal  ExploraDon  Group,  responsible  for  project  evaluaDon  outside  of  North  America,  including   precious  and  base  metals  projects  in  South  America,  East  Africa,  South  East  Asia,  Russia,  Mongolia,  Australia,  New  Zealand  and  Europe.     Nickolai  Bedarev,  Chief  Geologist  –  Russia   •  Has  held  numerous  senior  level  posiDons  having  years  of  experience  working  on  various  Russian  projects  including  Karakul   •  Responsible  for  advancement  of  greenfield  assets  to  development                     31

FOCUSED & MOTIVATED Mr.  Mitchell  Smith,  Corporate  Development   •  •  •  •      Mitchell  has  over  10  years  of  experience  in  senior  management  roles  encompassing  markeDng,  sales,  shareholder  relaDons,  corporate  communicaDons,   public  relaDons  and  business  development.     He  began  his  career  in  the  mining  sector  in  2007,  tenured  with  the  Petaquilla  Group  of  Companies  (Petaquilla  Minerals  TSX:PTQ  and  Petaquilla  Copper   (TSX:PTC)  where  he  worked  in  shareholders  relaDons  and  managed  communicaDons  between  the  Vancouver  and  Panama  headquarters.   Mitchell  is  responsible  for  developing,  implemenDng  and  execuDng  all  aspects  of  Global  Cobalt’s  corporate  development  acDviDes  in  its  transformaDon   from  Global  Cobalt  Inc.     Mitchell  sits  on  the  Editorial  Board  of  the  AssociaDon  of  Mineral  ExploraDon  BriDsh  Columbia  (AMEBC),  an  industry  advocate  organizaDon  for  successful   and  responsible  mineral  exploraDon  &  development  and  the  predominant  voice  of  mineral  exploraDon  and  development  in  BriDsh  Columbia.   Mr.  Oleg  Scherbina,  Corporate  Controller   •  •  •  •      Mr.  Scherbina  is  a  financial  manager  with  experience  in  all  aspects  of  accounDng  and  financial  management.   He  has  direct  experience  within  the  mining,  construcDon  and  oil/gas  sectors  and  has  been  involved  with  numerous  mining  companies,  including  Uranium   One,  Eureka  Mining  Plc  and  Bema  Gold  CorporaDon.   Currently,  Oleg  is  responsible  for  the  development  of  the  accounDng  system  for  the  parent  company  and  subsidiary  companies  of  Global  Cobalt,  as  well   as  for  day-­‐to-­‐day  financial  operaDons  of  the  company,  including  contract  review,  payroll,  budgeDng  and  financial  control  development.   Mr.  Scherbina  is  fluent  in  English,  Russian  and  Ukrainian  and  as  such  played  an  important  role  in  the  coordinaDon  and  execuDon  of  all  finance-­‐related   acDviDes  of  the  Bema  Gold  and  Eureka  Mining  operaDons  in  Russia,  while  also  managing  administraDve  and  human  resources  funcDons   Mr.  Graham  Abboc,  Shareholder  RelaAons   •  •  •  •      Graham  has  12  years  of  corporate  experience  with  Telus,  with  involvement  in  business  sales,  operaDons  and  team  management  and  responsibility  for   mulD-­‐million  dollar  transacDons.   In-­‐depth  experience  with  long-­‐cycle  corporate  deal  development  and  complex  relaDonship  management.   Involvement   with   several   public   companies   in   business   and   corporate   development   (both   strategic   and   financial),   operaDons   management   and   shareholders  relaDons  acDviDes.   Key   member   of   team   responsible   for   consolidaDng   and   finalizing   the   Salares   Lithium   property   package   into   the   publicly   listed   company   that   became   Talison  Lithium.  Talison  Lithium  was  acquired  for  over  $750M  in  the  first  quarter  2013.   Mr.  Jaime  Stallwood,  Shareholder  RelaAons   •  •  •  •      30  years  entrepreneurial  experience  managing  companies  from  early  stage  development  to  mulD-­‐million  dollar  NASDAQ  listed  companies  on  both  the   operaDons  and  corporate  levels.   Managed  a  naDonal  sales  force  in  excess  of  200  salespeople  for  a  naDonal  Telecom  Provider  while  at  the  same  Dme  implemenDng  naDonal  consumer   markeDng  and  iniDaDves.   Key  involvement  with  LML  Payment  Systems  (a  NASDAQ  listed  company)  that  was  sold  for  $110M  in  first  quarter  of  2013.   Has  parDcipated  in  numerous  M&A  transacDons  as  well  as  subsequent  integraDon,  uDlizaDon  and  markeDng  acDviDes.   32

DEDICATED & EXPERIENCED BOARD  OF  DIRECTORS:       Mr.  Gaston  Reymenants,  Director  Global  Cobalt   •  DisDnguished   career   in   mining,   smelDng,   refining   and   metal   trading   spans   over   forty   years,   during   which,   he   was   also   responsible   for   the   financing   of   several  off-­‐take  projects  in  Australia,  China  and  the  Americas.       •  Served  over  20  years  with  Falconbridge  InternaDonal  in  various  managerial  posiDons  and  was  part  of  the  joint  venture  with  Norilsk  Kombinat.       •  Was  managing  director  of  Kola  InternaDonal  Murmansk,  and  held  director  and/or  senior  managerial  posiDons  with  several  companies  with  cobalt  assets   including  Baja  Mining,  Polymet  Mining  and  KCM.   •  Gaston’s  wealth  of  knowledge  in  the  cobalt  and  industrial  metals  sectors  will  prove  an  excellent  resource  to  the  company.       Mr.  Jean-­‐Pierre  Colin,  Director  Global  Cobalt   •  Mr.   Colin   is   a   mining   execuDve   who   provides   corporate   strategy   consulDng   services   to   boards   and   shareholders   of   high   profile   internaDonal   mining   companies  and  was  was  an  investment  banker,  leading  corporate  finance  and  M&A  departments  of  several  securiDes  brokerage  houses  in  Canada.   •  He  is  a  Director  of  Premier  Gold  Mines  (TSX:PG),  Director  of  Xmet  Inc.  (TSX.V:XME)  and  is  special  advisor  to  the  ExecuDve  Chairman  and  Board  of  BlackRock   Metals  Inc.   •  He   is   the   former   Faculty   of   Arts   Co-­‐Chair   of   the   Waterloo   Advisory   Council,   founder   of   Caratax   Management   Ltd.,   a   manager   of   public   flow-­‐through   share   limited  partnerships,  and  a  former  director  of  Wolfden  Resources  Inc.,  Pelangio  Mines  Inc.,  Virginia  Gold  Mines  Inc.,  and  NIM  Management,  the  manager   of  over  $730  million  of  flow-­‐through  funds.     •  Colin  is  a  Member  of  the  Bar  of  the  Province  of  Quebec  and  holds  a  Master  of  Business  AdministraDon  from  the  University  of  Western  Ontario,  a  Civil  Law   Degree  from  the  University  of  OXawa  and  a  CerDficate  in  ComparaDve  Law  from  the  University  of  Manitoba.       Alexander  Ordanian,  Director  Global  Cobalt   •  Mr.   Ordanian's   experience   in   the   mineral,   construcDon   development   and   investment   industry,   specializing   in   corporate   finance,   capital   markets   and   private  business,  spans  well  over  twenty  years.     •  He  has  a  vast  experience  with  emerging  markets  parDcularly  in  the  Russian  FederaDon  and  CIS  countries  as  well  as  in  Central  and  Eastern  Europe.   •  He   has   operated   and   been   associated   with   various   board   and   senior   management   teams,   and   successfully   managed   the   chief   execuDve   funcDon   for   a   holding  group  of  companies  with  mulDple  business  streams.   •  During  his  highly  respected  career  he  worked  on  key  merger  and  acquisiDon  transacDons  with  a  number  of  major  internaDonal  companies  including  Mobil,   BriDsh  Petroleum  and  Shell.     •  Currently,  Mr.  Ordanian  is  a  member  of  the  Board  of  Directors  of  Imperial  Mining  Holding  Limited  and  one  of  the  directors  of  a  North  American  merchant   services  company..     33

DEDICATED & EXPERIENCED BOARD  OF  DIRECTORS  CONTINUED:           Peter  Reynolds,  Director  Global  Cobalt   •  Is  engaged  by  EBRD  to  carry  out  reviews  of  EBRD's  investments  for  several  projects  in  Mongolia  and  Russia  and  was  previously  the  EBRD's   nominated  Director  on  the  Board  of  IMHL   •  Nearly   40   years   in   the   minerals   industry,   with   high-­‐level   experience   at   various   mines   including   being   former   Manager   of   OperaDons   Planning   &  Mine  Projects/Manager  Mine  Business  Improvement  at  Olympic  Dam  and  was  former  Managing  Director  Marlborough  Resources  as  well  as   Mining  Engineer  Normandy  Mining.     Ray  Castelli,  Director  Global  Cobalt   •  Ray  Castelli  was  appointed  CEO  of  Weatherhaven,  one  of  the  world's  leading  manufacturers  of  redeploy  able  camps  and  shelter  systems,  in   January  2008.   •  Weatherhaven   has   grown   to   become   a   key   supplier   to   the   Canadian,   US,   Australian   and   NATO   armed   forces,   numerous   resource   exploraDon   companies  as  well  as  the  United  NaDons  and  other  disaster  and  humanitarian  relief  agencies.   •  Ray  was  co-­‐founder  and  Senior  Vice  President  of  Quadrem,  a  Dallas-­‐based  global  supply  chain  and  e-­‐procurement  company,  serving  19  of  the   world's  largest  natural  resource  companies,  including  Rio  Tinto,  BHP  Billiton,  Alcan  and  Inco.  His  role  was  to  build  the  global  organizaDon  and   product  set  for  this  e-­‐business  pioneer.   •  Ray   joined   Alcan   in   1995   following   business   school   in   Europe.   He   was   promoted   to   Alcan's   Montreal   headquarters   in   1997   as   Director   of   Strategic  Planning.       •  Kamen  Zahariev,  Director  Global  Cobalt   •  Mr.   Zahariev   is   a   highly   respected   and   experienced   internaDonal   debt   and   equity   finance   and   investment   professional   with   parDcular   emphasis  on  Emerging  Markets  and  Central  and  Eastern  Europe.     •  Currently,   Mr.   Zahariev   is   a   member   of   the   investment   commiXee   at   CEE   Special   SituaDon   Fund   and   is   a   Director   overseeing   the   team   responsible   for   European   Bank   for   ReconstrucDon   and   Development's   (the   EBRD)   significant   porwolio   of   restructuring   projects   throughout   Central  and  Eastern  Europe.       •  He   has   extensive   experience   as   non-­‐execuDve   member   of   the   board   of   investee   companies   and   senior   advisor   of   investment   funds   in   the   region.   •  In  the  last  15  years  Kamen  Zahariev  has  parDcipated  in  over  50  significant  transacDons  including  project  finance,  M&A,  private  equity  and   workouts.   •  He  is  member  on  the  supervisory  board  at  Prista  Oil  B.V.    Group,  is  a  member  of  the  BriDsh  InsDtute  of  Directors  and  is  also  associated  with   several  business  organizaDons  with  interests  in  Eastern  Europe.     34

CONFIDENCE IN THE PROJECT PORTFOLIO “Develop  ExisDng  Resources  and  Expand  Our  Asset   Porwolio  &  Footprint  in  the  Natural  Resources  Sector,   Regionally  and  Worldwide”   Werner   Lake   Project   Altai  Sister   Projects   Karakul   Cobalt     Projects   35   EsDmated  values  given  43-­‐101  non-­‐compliant    C1+C2  Soviet  Resource  in  addiDon  to    historic    equivalent  of  10%  of  the  P1  Soviet  defined  resource.    

JUNIOR RESOURCE COMPANY WITH MAJOR PARTNERS “Con3nue  to  build  a  significant  enterprise  in  coopera3on  with   influen3al  and  strong  partners”   •  The  Russian  Federa3on:  approved  the  foreign  bid  for  a  strategic  asset,  granted  an   open  pit  permit,  and  commiXed  along  with  the  Altai  Republic  CDN  $440M  for  local   infrastructure  with  Karakul  as  the  pilot  project   •  CITIC  Merchant  Bank:  provide  relaDonships  into  CITIC  Capital  and  other  Chinese   SOEs   •  Beijing  General  Research  Ins3tute  of  Mining  &  Metallurgy  (BGRIMM):  will  act  as   engineering,  procurement  and  construcDon  contractor  and  develop  a  bankable   feasibility  study   •  Beijing  Easpring  Material  &  Technology  Co.  (Easpring):  preliminary  off-­‐take   agreement  in  place  with  Easpring,  a  leading  specialized  supplier  of  cathode  material   for  lithium-­‐ion  baXeries  to  industry  giants  such  as  Samsung,  Sony,  Panasonic,  and   BYD.     •  European  Bank  for  Reconstruc3on  and  Development  (EBRD):  is  a  current   shareholder  of  Global  Cobalt  and  will  conDnue  to  provide  vital  financial  and  poliDcal   input   36   EsDmated  values  given  43-­‐101  non-­‐compliant    C1+C2  Soviet  Resource  in  addiDon  to    historic    equivalent  of  10%  of  the  P1  Soviet  defined  resource.    

ASSAY RESULTS CONFIRM HISTORIC DRILL DATA Hole # From To Length* Co (%) Cu (%) Bi (%) WO3 (%) Ag (g/t) 174 32.4 52.9 20.5 0.039 0.633 0.074 0.086 3.273 175 90.0 130.8 40.8 0.106 0.786 0.046 0.071 5.180 176 84.0 107.7 23.7 0.231 0.054 0.070 0.000 4.792 150.0 157.8 7.8 0.231 0.305 0.249 0.000 5.215 178 245.9 250.9 5.0 0.130 0.343 0.083 0.013 10.654 179 124.8 128.1 3.3 0.103 0.035 0.019 0.000 0.152 133.6 139.1 5.5 0.248 0.796 0.085 0.211 7.196 84.8 94.0 9.2 0.180 0.663 0.243 0.156 6.474 180 * Note: Lengths quoted represent core lengths and do not necessarily represent the true thickness of mineralised intervals. Samples were analysed by Stewart Geochemical and Assay (a subsidiary of ALS Global) of Moscow, Russia. All samples were first analysed using ICP-MA technique that reports cobalt, copper, bismuth and tungsten in parts per million (10,000 ppm = 1%). Any samples reporting greater than 2,000 ppm cobalt or bismuth and any samples reporting greater 10,000 ppm copper were then assayed by ICP-Ore methodology. Samples reporting greater than 2,000 ppm tungsten were then assayed using the ME-MS61 method and reported as WO3. The results were verified by the application of industry standard Quality Control and Quality Assurance (QA-QC) procedures including laboratory internal duplicate sampling.  37 37  

HIGH-GRADE ASSAY RESULTS CONFIRM GREATER WIDTHS OF MINERALIZATION AT DEPTH Hole # From (m) To (m) Length* (m) Co (%) Cu (%) Bi (%) WO3 (%) Ag (g/t) 197 36.9 38.3 1.4 0.002 0.16 0.000 0.264 4.200 59.9 62.8 2.9 0.101 0.385 0.040 0.031 4.972 46.6 50.7 4.1 0.314 0.197 0.175 0.007 4.888 150.5 151.1 0.6 0.045 1.313 0.003 0.000 12.800 156.7 160.4 3.7 0.277 0.599 0.242 0.051 10.459 88.8 92.8 4.0 0.138 0.040 0.008 0.000 0.125 101.1 102.1 1.0 0.119 0.009 0.005 0.000 0.000 221.2 224.5 3.3 0.909 3.060 0.378 0.874 52.433 95.2 100.6 5.4 0.275 0.113 0.066 0.000 1.059 111.1 113.0 1.9 0.080 1.320 0.089 0.000 10.421 142.0 148.6 6.6 0.097 0.080 0.003 0.025 2.089 142.0 144.2 2.2 0.114 0.151 0.007 0.061 3.200 181.6 184.0 2.4 0.137 0.719 0.107 0.010 7.446 198 199 200 Including * Note: Lengths quoted represent core lengths and do not necessarily represent the true thickness of mineralised intervals. Samples were analysed by Stewart Geochemical and Assay (a subsidiary of ALS Global) of Moscow, Russia. All samples were first analysed using ICP-MA technique that reports cobalt, copper, bismuth and tungsten in parts per million (10,000 ppm = 1%). Any samples reporting greater than 2,000 ppm cobalt or bismuth and any samples reporting greater 10,000 ppm copper were then assayed by ICP-Ore methodology. Samples reporting greater than 2,000 ppm tungsten were then assayed using the ME-MS61 method and reported as WO3. The results were verified by the application of industry standard Quality Control and Quality Assurance (QA-QC) procedures including laboratory internal duplicate sampling.  38 38  

ASSAY RESULTS CONFIRM STRIKE & DEPTH EXTENSIONS Hole # From (m) To (m) Length* (m) Co (%) Cu (%) Bi (%) WO3 (%) Ag (g/t) 177 99.1 115.6 16.5 0.171 0.072 0.095 0.000 0.421 including 99.1 101.0 1.9 0.205 0.091 0.155 0.000 6.242 including 103.0 104.8 1.8 0.067 0.103 0.035 0.000 2.850 including 107.0 115.6 8.6 0.258 0.083 0.133 0.000 5.584 183 174.2 175.4 1.2 0.175 0.044 0.005 0.000 12.600 181.0 183.9 2.9 0.143 0.037 0.027 0.000 5.000 including 181.0 181.8 0.8 0.431 0.094 0.088 0.000 15.100 including 183.4 183.9 0.5 0.089 0.047 0.008 0.000 2.800 184 No Significant Results 185 54.4 55.6 1.2 0.030 0.082 0.092 0.019 11.000 186 129.1 131.1

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