presentation-to-investors

Collerina Cobalt Limited ABN 79 106 879 690 Emerging gold, copper, nickel and cobalt producer Investment highlights www.collerinacobalt.com.au 2 o Collerina Cobalt (ASX: ‘CLL’) is an ASX listed gold‐copper and nickel‐cobalt explorer with a pipeline of advanced projects in prospective jurisdictions. Collerina – NSW, Australia. o 16.3 million tonnes at 0.93% nickel and 0.05% cobalt ( 151,000 tonnes nickel and 8,100 tonnes cobalt) resource at the Homeville deposit in NSW Australia (see Appendix 1). o Deposit remains open at depth and along strike with new drill program to commence June quarter 2017 with scoping study to follow. Becker – Chile. o Recently acquired Becker JV project in Chile with preliminary trenching returning 30.7 g/t Au and 6 g/t Ag over 4.0 metres. Wonogiri – Java, Indonesia. o 1.54 Moz gold equivalent1 JORC mineral resource at Randu Kuning deposit consisting: 1.01M ounces of gold (51% Measured, 7% Indicated and 42% Inferred JORC category); and 200M pounds of copper (66% Measured, 22% Indicated and 12% Inferred JORC category). www.collerinacobalt.com.au 3 Collerina Project ‐ Australia Collerina project www.collerinacobalt.com.au 4 o 16.3 million tonnes at 0.93% nickel and 0.05% cobalt or 151,000 tonnes of nickel and 8,100 tonnes of cobalt (cut‐off 0.7% nickel) at Homeville deposit. o Resources significantly increase at a lower nickel cut‐off grade of 0.5% nickel 27.2 million tonnes at 0.80% nickel and 0.05% cobalt or 217,600 tonnes of nickel and 13,600 tonnes of cobalt. o Peak cobalt grades of up to 0.38% contained within a defined 3.5 km trend. o Mineralisation is at surface in some areas with an average depth of only 10 metres below surface. o Deposit remains open at depth and along strike. o Initial counter‐current atmospheric leach (CCAL) test work on Homeville laterite ore suggests overall recovery of nickel and cobalt from the ore of 90% for nickel and 96% for cobalt will be achievable at a low overall acid consumption of less than 730 kg/t ore. o Peak aluminium grades of up to 12.8%. o Further test work planned on aluminium to produce High Purity Alumina (HPA), revenues would be far in excess of nickel and cobalt revenues combined. Collerina projectlocation www.collerinacobalt.com.au 5 Homeville depositresource distribution www.collerinacobalt.com.au 6 Ni Resource Model ≥0.75% Looking NE Ni ≥0.75% + Co ≥0.08% Ni ≥0.75% + Co ≥0.08% + Al ≥4.5% NORTH BLOCK SOUTH BLOCK Homeville depositlong section (Co‐Ni) www.collerinacobalt.com.au 7 North Block ~650m in length ≥0.08% Co ≥0.9% Ni Long Section Looking NE North Block South Block South Block ~450m in length Figures show a NW (304ᵒ) looking cross section with an open viewing window, all holes across the Homeville deposit are included. TOP: Shows downhole assays for Co and grade shells (green) for Ni >0.9%. Two cobalt rich zones (2 x 75m) over a distance of ~200m are indicated. BOTTOM: Shows downhole assays for Ni and grade shells (red) for Co >0.08%. A central nickel rich zone is indicated with the 2 cobalt rich zones situated marginally to it. High grade for both elements remains open at depth. Homeville depositlong section (Co‐Ni) www.collerinacobalt.com.au 8 Homeville deposit Al‐Co‐Nidistribution www.collerinacobalt.com.au 9 Plot of all available assays relative to depth o >Co best developed 10 – 40m depth o >Ni best developed 20 – 60m depth o >Al best developed 10 – 30m depth Potential for coincident zones of >Al‐Co‐Ni Collerina drilltargets www.collerinacobalt.com.au 10 o Planned reverse circulation drilling to focus within Homeville prospect to test for cobalt enrichment within area of coincident, structural lineament, high magnetics, and ultramafic host rock as indicated by previous drilling. Plan 45 holes for total 2,700 metres. o Cobalt zone is 2 km long x 300 metres wide to 60 metres depth. o 36 RC holes planned to test zone lateral and depth continuity. Initial target areas with potential for coincident Al, Co, Ni. o Also test Co potential at Yathella prospect area. 6 RC holes at 100 metre spacing to 60 metres depth are proposed to test between 1 km spaced previous air‐core holes. Ni‐Cozones and proposedRC holes www.collerinacobalt.com.au 11 Yathella Homeville Planned 2017 RC drilling Nickel Historic diamond drilling Cobalt Ni‐Co‐Alzones and proposedRC drill holes www.collerinacobalt.com.au 12 Yathella Homeville Aluminium (≥ 4.5%) Cobalt (≥ 0.08%) Nickel (≥ 0.9% ) Planned 2017 RC drilling Historic diamond drilling BenchmarkASXlisted cobalt explorers www.collerinacobalt.com.au 13 Table taken from Ardea Resources ASX Release of 24 February 2017. o At 0.5% nickel which gives 13,600 tonnes of cobalt, CLL is an emerging cobalt explorer with significant potential to expand its current resource. www.collerinacobalt.com.au 14 Becker Project ‐ Chile Becker project ‐ Chile www.collerinacobalt.com.au 15 o 600 hectare project with a further 1,400 hectares under application as exploitation licences. o Located 250 km south of Santiago and 40 km west of Talca, Region VII Chile. o The property covers several, intermediate to low sulphidation epithermal gold‐silver vein systems. o Previous exploration (1995) discovered a near N‐S trending 300 metre x 900 metre zone of quartz boulders up to 4 metres in diameter. o Previous trenching identified several individual quartz veins up to 350m in length and widths from 0.5 to 7.5 metres. Previous sampling returned high grade assays of 23.5, 37.2, 40.7, 63.5, 70.0 and 79.0 g/t gold. o Recent trenching by across veins returned up to 4.0 metres at 30.7 g.t gold and 6 g/t silver. o CLL planning to undertake ground geophysics and further prospecting to identify drill targets for the December 2017 quarter. Becker projectlocation www.collerinacobalt.com.au 16 o Located 250 km south of Santiago and 40 km west of Talca, Region VII Chile. o Good access provided by network of logging roads. Becker property location. Becker project area www.collerinacobalt.com.au 17 o Becker 1 and 2 tenements covering an area of 600 hectares are exploitation status (`Mensura’). o Becker 3 to 8 tenements covering an area of 1,400 hectares are in the process of being transferred and will also be ‘Mensura’. Transfer planned to be completed by June 2017 quarter. o Mensura is the most secure form of tenement ownership in Chile and remain valid providing annual land rent payment is submitted. Becker previouswork completed www.collerinacobalt.com.au 18 o Previous exploration by Arauco in 1999 identified 11 individual, steeply‐dipping, quartz veins varying from 0.5 to 7.5 metres in width occurring over a total strike length of 350 metres in the Lajuelas prospect. o Recent sampling of surface boulders by Arauco returned gold values along the entire Lajuelas trend, with maximum values ranging from 23.5 g/t gold to 79.0 g/t gold. o Subsequent hand pitting and backhoe trenching across the veins along strike returned 12.2 g/t gold over 3.0 metres, 9.6 g/t gold over 7.5 metres width and 4.5 g/t gold over 2.5 metres. o No geophysics or drilling completed. Becker projectterms www.collerinacobalt.com.au 19 o Very favourable project earn in and payment terms comprising: ƒ US$40,000 payment upon finalisation of Joint Venture Agreement (target end May 2017). ƒ Complete minimum of 1,000 metres of drilling within 12 months of permits being issued. ƒ Cash payment of US$60,000 end Year 1. o Additional cash (and/or share equivalent as negotiated) payments totaling US$900,000 as: ƒ US$100,000 end Year 2. ƒ US$200,000 end Year 3. ƒ US$250,000 end Year 4. ƒ US$350,000 end Year 5. o CLL to gain 85% property interest by completion of cash/share payments and completion of a NI‐ 43‐101 /JORC 2012 compliant initial resource estimate and completion of a scoping study by Year 5 anniversary. o At beginning of the Feasibility Study, local partners may participate in funding or convert their 15% property interest to a 1.5% NSR buyable by Augur for US$1.5M. o Any additional (new) claims staked contiguous with the current Becker property will fall under the same terms and conditions as stated in the current joint venture agreement. BeckerNovember 2016 sample results www.collerinacobalt.com.au 20 o Results confirmed previously reported assay results by Arauco. o BRC006 returned 54.9 g/t Au and 7.7 g/t Ag. o Predominately Au only with minor Ag content. o Visible gold present in some samples with minor pyrite. o Fe and Mn levels suggest supergene enrichment of Au not a significant factor. o Low As, Hg, Sb levels suggests lower level of vein formation. o Good metallurgical characteristics expected. BeckerNovember 2016 sample results www.collerinacobalt.com.au 21 BRC004 0.01/0.5 BRC005 0.43/0.6 BRC007 4.58/2.0 BRC006 54.90/7.7 BRC008 9.43/6.2 BRC009 8.78/1.0 BRC010 0.43/0.4 BRC013 1.32/0.3 Sample # Au g/t ; Ag ppm BRC011 0.03/0.2 BRC012 1.22/0.4 BRC016 3.49/3.4 BRC002 2.13/0.2 BRC003 0.01/0.5 BRC001 0.01/<0.2 BRC015 2.74/0.4 BRC014 0.07/<0.2 BRC017 0.05/1.9 BRC018 1.92/9.3 BRC020 0.06/1.2 BRC019 7.53/2.5 Guindos Prospect Lajuelas Prospect Becker 2016 and2017 sample results www.collerinacobalt.com.au 22 Nov. 2016 samples Feb. 2017 samples Lajuelas Prospect Gunidos Prospect Juanito Prospect Becker 2017 trench locations www.collerinacobalt.com.au 23 TR‐1 TR‐2 TR‐4 TR‐3 Lajuelas Prospect Guidos Prospect Juanito Prospect Becker 2017 trench results www.collerinacobalt.com.au 24 Sample # Sample Type Interval Au g/t Ag ppm Sample Description 332802 Channel Chip TR1 0‐1m 1 4.1 1m wide grey, chalcedonic qtz v. f.g diss py (1%), minor vugs, clay 332803 Channel Chip TR1 1‐2m 0.05 0.2 argillic volcaniclastic, >>Fe (hem,lim) py boxworks 332804 Channel Chip TR1 3‐4m 0.24 1.8 argillic volc, >>Fe (hem,lim), fault? No sample 2‐3m 332805 Channel Chip TR1 4‐5m 5.35 4 f.g. saccaroidal to chalcedonic grey qtz v., <>Fe (hem,lim) py boxworks 332810 Channel Chip TR2 1‐2m 73 14.9 dk.grey, chalcedonic qtz v. f.g diss py (1%), minor vugs, clay 332811 Channel Chip TR2 2‐3m 39.5 6.6 f.g. saccaroidal to chalcedonic grey qtz v., <>Fe (hem,lim) py boxworks 332815 Channel Chip TR3 1‐2m 11.15 2.1 grey, chalcedonic qtz v. f.g diss py (1%), minor vugs, clay 332816 Channel Chip TR3 2‐3m 10 2.5 chalcedonic qtz v. f.g diss py (1%), minor vugs, clay 332817 Channel Chip TR3 3‐4m 8.38 1.9 chalcedonic qtz v. f.g diss py (1%), minor vugs, clay 332818 Channel Chip TR3 4‐5m 0.09 0.2 argillic volcaniclastic, >>Fe (hem,lim) py boxworks 332819 Channel Chip TR4 0‐1m 0.02 <0.2 argillic volcaniclastic, >>Fe (hem,lim) py boxworks 332820 Channel Chip TR4 1‐2m 0.02 0.2 argillic volcaniclastic, >>Fe (hem,lim) py boxworks 332821 Channel Chip TR4 2‐3m 0.02 1 crystalline qtz vein, massive with argillic volc fragments. 332822 Channel Chip TR4 3‐4m 0.03 0.8 sheeted crystalline qtz veins, massive with argillic volc fragments. Trench 1 1m @ 1g/t Au & 1m@ 5.3 g/t Au. Trench 2 4m @ 30.7 g/t Au & 6 g/t Ag. Trench 3 3m @ 9.8 g/t Au. Trench 4 No significant results. Becker 2016 and2017Au results www.collerinacobalt.com.au 25 Guindos Prospect Lajuelas Prospect Trench 1: 5.3 g/t Au, 1 g/t Ag / 1m Trench 2: 30.7 g/t Au, 6 g/t Ag / 4m Trench 3: 9.8 g/t Au / 3m Trench 4: no significant assays TR‐4 TR‐3 TR‐2 TR‐1 Juanito Prospect Becker 2016 and2017 Cu+Pb+Zn+Mo results www.collerinacobalt.com.au 26 Guindos Prospect Lajuelas Prospect Juanito Prospect Becker 2016 and2017 Cu+Pb+Zn+Mo results www.collerinacobalt.com.au 27 Area of base metal enrichment Guindos Prospect Lajuelas Prospect Beckerregionalresource potential www.collerinacobalt.com.au 28 Figure shows location of Becker (claim block upper right) and location of 3 known gold (+Ag, Cu) resource areas. The Los Palmas and Chepica mines are former producers, the Boltacura property is undeveloped. Remaining reserves/resources unknown but collectively thought to be +1Moz. The regional gold potential is demonstrated but there has been very little exploration completed in the Talca region. Presents an early mover exploration opportunity. Becker proposedwork program2017 www.collerinacobalt.com.au 29 o Prospecting and sampling of Becker 3‐8 claims. o Ground geophysical IP/mag survey of Lajuelas – Guindos vein trend and Juanito prospect area to define drill targets for Q4 program. o Evaluation of regional resource potential including Los Palmas and Boltacura properties. Becker project ‐ February 2017 www.collerinacobalt.com.au 30 Lajuelas Prospect www.collerinacobalt.com.au 31 Wonogiri Project ‐ Indonesia Wonogiriproject ‐Indonesia www.collerinacobalt.com.au 32 o Highly prospective Indonesian gold‐copper portfolio covering 25,837 hectares over 5 IUPs. o 1.15 Moz gold equivalent¹ JORC (2012) mineral resource estimated for Randu Kuning deposit: 996,521 ounces of gold (53% measured & indicated category). 190million pounds of copper (43% measured & indicated category). o Excellent metallurgical results: Up to 89.0% recovery of gold and 93% of copper via flotation, with potential for 55% recovery of gold using a gravity concentrator. o Updated Internal Scoping study (ASX announcement 30 August 2016) on Randu Kuning deposit delivered positive results and confirmed the potential for the development of the deposit. o Sale of waste rock as aggregate indicates potential for possible Rp50,000‐Rp70,000 (US$4‐US$5) per tonne margins, with very little capex enhancing project economics significantly. o Currently completing environmental study for 20 year mining operation licence. Collerina Cobalt a value proposition www.collerinacobalt.com.au 33 o 151,000t nickel and 8,100t cobalt resource at the Collerina nickel‐cobalt project in Australia. o Cobalt resource set to expand with new drilling program. o Opportunity for 3 revenue streams through nickel, cobalt and high purity alumina. o Maiden drill program to be undertaken on high grade Becker gold project. o Advanced Wonogiri project in Indonesia moving into feasibility. o Highly experienced Board and management team. Statementof compliance www.collerinacobalt.com.au 34 Information regarding the Mineral Resource at the Collerina project was prepared and first disclosed under the 2004 Edition of the ‘Australasian Code for Reporting of ‘Exploration Results, Mineral Resources and Ore Reserves’. It has not been updated since to comply with the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ on the basis that the Company is not aware of any new information or data that materially affects the information and, in the case of the resource estimate, all material assumptions and technical parameters underpinning the estimate continue to apply and have not materially changed. The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Augur staff and contractors and approved by Mr Michael Corey, PGeo., who is a Member of the Association of Professional Geoscientists of Ontario (APGO) in Canada. Michael Corey is a full‐time employee of Augur and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Michael Corey has consented to the inclusion in this report of the matters based on his information in the form and context in which they appear. 1 Gold Equivalent Calculation relating to the Wonogiri Resource Where reported in relation to the Wonogiri mineral resource estimate, Gold Equivalent results are calculated using a gold price of US$1,250/oz and a copper price of US$5,500/t (US$2.49/lb). Silver is excluded from the gold equivalent calculation as no metallurgical testing of the recovery properties of silver from this project has occurred. In calculating Gold Equivalents, gold and copper recoveries are assumed to be 85%. As previously reported, metallurgical testing has resulted in mean recoveries from sulphide material of up to 90% for gold and 94% for copper. It is the Company’s opinion that all metals used in the equivalent calculation have a reasonable potential to be recovered in the event that material from the Wonogiri project was to undergo processing. The equation is: AuEq = (Aug/t*$40.204*85% + Cu_ppm*$0.055*85%) / ($40.20) (i.e.: 1.0% Cu = 1.3 g/t Au). Appendix 1 JORC summary ‐Homeville www.collerinacobalt.com.au 35 JORC Category Cut‐off Grade Ni% Tonnes Millions Ni % Co % Fe % Mg % Indicated 0.5 6.4 0.87 0.06 21 9.6 0.7 4.4 0.99 0.06 20 8.8 1.0 1.8 1.21 0.05 19 7.9 Inferred 0.5 20.7 0.78 0.05 18 9.9 0.7 11.9 0.91 0.05 18 9.4 1.0 3.1 1.16 0.05 17 8.8 TOTAL 0.5 27.2 0.80 0.05 19 9.8 0.7 16.3 0.93 0.05 19 9.3 1.0 4.9 1.18 0.05 18 8.6 JORC (2012)summary ‐RanduKuning www.collerinacobalt.com.au 36 CLASS COG AuEq g/t Mtonnes AuEq g/t Au g/t Cu % MEASURED 1 4.88 1.36 1.28 0.23 0.8 7.73 1.18 1.11 0.21 0.6 12.74 0.99 0.91 0.18 0.5 15.65 0.91 0.83 0.17 0.4 18.54 0.84 0.76 0.16 0.2 21.59 0.77 0.69 0.15 INDICATED 1 0.25 1.37 1.39 0.16 0.8 0.43 1.16 1.17 0.15 0.6 0.92 0.9 0.89 0.12 0.5 1.67 0.74 0.73 0.11 0.4 2.43 0.65 0.64 0.1 0.2 3.08 0.58 0.56 0.09 INFERRED 1 0.1 1.37 1.49 0.09 0.8 0.8 0.92 0.91 0.13 0.6 1.9 0.78 0.75 0.12 0.5 3.64 0.67 0.62 0.12 0.4 8.59 0.54 0.47 0.12 0.2 56.89 0.31 0.25 0.09 TOTAL 1 5.22 1.36 1.29 0.23 0.8 8.95 1.16 1.09 0.2 0.6 15.57 0.96 0.89 0.17 0.5 20.95 0.85 0.79 0.16 0.4 29.56 0.73 0.67 0.14 0.2 81.56 0.44 0.38 0.1 o At a 0.5 g/t AuEq cut‐off grade the total resource is 21Mt at 0.79 g/t gold and 0.16% copper. o 533,000 oz of contained gold. CLASS Tonnes M AuEq g/t Au g/t Cu% Au Oz Cu KTonnes Measured 15.7 0.91 0.83 0.17 419 26.7 Indicated 1.7 0.74 0.73 0.11 40 1.9 Inferred 3.6 0.67 0.62 0.12 72 4.3 TOTAL 21 0.85 0.79 0.16 533 33.6 Thank you www.collerinacobalt.com.au 37 Collerina Cobalt Ltd Level 2, 66 Hunter St, Sydney, NSW 2000, AUSTRALIA Phone: +61 2 9300 3310 ASX code: CLL