Post on 05-Aug-2020
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BANKERSCOBALT C
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TSX-V: BANC
Building a Conflict Free Source of
COBALT & COPPER
in Democratic Republic of Congo
Corporate Presentation | April 2018
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The material in this presentation has been prepared by Bankers Cobalt Corp. (BANC) and is general background information about BANC’s activities current as at the date of this presentation. This information is given in summary form and does not purport to be complete. Information in this presentation, including forecast financial information, should not be considered as advice or a recommendation to investors or potential investors in relation to holding, purchasing or selling securities or other financial products or instruments and does not take into account your particular investment objectives, financial situation or needs. Before acting on any information you should consider the appropriateness of the information having
regard to these matters, any relevant offer document and in particular, you should seek independent financial advice. All securities and financial product or instrument transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments and, in international transactions, currency risk.
This presentation may contain forward looking statements including statements regarding our intent, belief or current expectations with respect to BANC’s businesses and operations, market conditions, results of operation and financial condition, capital adequacy, specific provisions and risk management practices. Readers are cautioned not to place undue reliance on these forward looking statements.
BANC does not undertake any obligation to publicly release the result of any revisions to these forward looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events. While due care has been used in the preparation of forecast information, actual results may vary in a materially positive or negative manner. Forecasts and hypothetical examples are subject to uncertainty and contingencies outside BANC’s control. Past performance is not a reliable indication of future performance.
Disclaimer
Disclaimer & Cautionary Note
Cautionary Note
The securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or the
Securities laws of any state and will not be offered or sold within the United States except to accredited investors (as defined in rule 501(a)
of Regulation D under the 1933 Act) in reliance upon the applicable exemptions fromthe registration requirements of the 1933 Act.
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About Bankers Cobalt
BANKERS COBALT CORP. (TSX.V:BANC) (“BANC” or the “Company”) is a cobalt and copper (Co-Cu)
exploration and development company focused on advancing its high quality portfolio of permitted
concessions in the Democratic Republic of Congo (DRC). BANC aims to generate a reliable, certified supply
of Co-Cu for existing and new processors in the DRC having excess capacity.
Proven team experienced across the entire
spectrum of Co-Cu exploration & development
and in-country experience backed by
geopolitical know-how
Building a portfolio of assets that will provide
clean, certified and non-conflict Co-Cu supply
in a symbiotic relationship with DRC based
processors with existing excess capacity and
a lack of available certified resources to meet
burgeoning market demands
Exploring and developing a leading portfolio of high-grade Co-Cu projects to exacting Canadian mining standards and transparency in the Central African Copperbelt with an aim to expand and diversify globally
391 km2 portfolio Co-Cu concessions in the DRC – one of the early movers actively exploring and developing Co-Cu in the DRC and possessing clean title to all concessions
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Why Bankers Cobalt?BANC is one of the only juniors conducting CDN-style exploration and developmentin the DRC which produces 65% of the annual world supply of cobalt.
ACQUIRE, EXPLORE & DEVELOP
Valuable Co-Cu AssetsGlobally
SELL
Clean, Conflict-FreeHigh Quality Supply toSmelters
MAINTAIN ON GOINGAND SYNERGETICRELATIONSHIPS
with Existing Smelters
BANC’s Value Proposition
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PORTFOLIO OF 26Concessions StrategicallyLocated with Clean Title
NO GOVERNMENT INVOLVEMENTConcessions are Either 100%-Owned or Private JV’s withreputable partners
PROVEN TEAM with In-DepthKnowledge and workingexperience in the DRC
SOLVE CERTIFIEDCo-Cu and excess capacityIssue For ExistingSmelters
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Business Model
BANC is filling a void in the resources supply chain and reasonably expects to receive a premium for its efforts. This model has
been strongly endorsed by the affected parties in the mining industry in the DRC. We have a strong team in place already
implementing this model and will continue to add new members to strengthen our team. This approach will be beneficial to
BANC and all stakeholders.
ACQUIRE
We acquire high quality projects inthe DRC and develop them by applying Canadian standard highly professional exploration techniques seldomly practiced in the DRC.
DEVELOP
Develop certified cobalt and
copper resources.
SELL
Sell them to the predominantly
Chinese owned processors
in close proximity that are being fined
due to non-certified supplies of cobalt
and copper.5
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Importance of Cobalt
AMOUNT OF COBALT IN DIFFERENT DEVICES
SMART PHONE
5 to 10 grams
(as heavy as 2 to 4
pennies)
LAPTOP
33 grams / 1 ounce
(a slice of bread)
TYPICAL ELECTRIC CAR
25 pounds
(2 to 3 gallons of milk)
AIRPLANE
10,000 LBS(an elephant)
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DRC Senior Operating Team
● 26+ years experience in capital markets and corporate finance
● Specializes in identifying and developing resources, building teams necessary to push projects forward
● Five years of experience in the DRC managing and fostering local community relationships critical to the
success of projects in Africa
● DRC Resident Status; Fluent in English and French
KEVINTORUDAGPresident & CEO
● Experienced and active businessman in the DRC and
Canada
● 2005–2006: raised US$74M in Kasai West Province
(DRC)
● - largest private investment up to 2016
● Held several senior financial management positions
in the Canadian banking system and has extensive
relationships in the DRC and Africa
YVESKABONGOChairman
FRANKSCHMIDT
● 20+ years experience in financial controls and DRC
financial reporting regulatory system
● Held numerous senior financial management
positions for major mining companies operating in
the DRC
● Fluent in English, French, Swahili and Lingala
JEAN-PIERREMUPATAIECFO
● Highly experienced senior manager - specializes
in logistical operations, security, health, safety and
environment
● Extensive experience in multiple jurisdictions in
Africa
JULIUSLLOYD
● 23 years experience in all aspects of geology
● 15 years as senior geologist or exploration and
country manager
● 2008-2012 Exploration Manager for Mawson West
on Kapulo project in DRC
ADAMANDERSONCountry andExplorationManager, DRC
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Technical Advisory Board
DAVE
FRANCES
● Int’l mining executive with 25 years experience
● Developed assets in DRC with Mawson West 2006-2012
● Listed Mawson West on TSX with largest base metals capital raise in 2010 with a market cap of $250m after restarting the DRC Dikulushi copper silver mine
● Currently Chairman of Tiger Resources a DRC operating company, sold DRC assets for US$260m
● Multiple successes in exploring, funding, and developing projects
● Special Advisor to Bankers Board of Directors
GREGHALL
● Geological Consultant with Golden Phoenix International PTY Ltd
● Chief Geologist with Placer Dome 2000-2006
● Exploration Manager CSR Limited in Western Australia until 1988
● Exploration Manager Placer● Dome Western Australia
1988-2000● Discovered Rio Tinto Yandi
iron ore mine● Discovered Gold Field’s
Granny Smith gold mine● Extensive experience in
DRC
JOESANDBERG
● Professional Geologist and MBA
● 45+ years experience in exploration most recently on copper porphyry systems
● President and CEO of a TSX-listed copper exploration company
● Qualified Person for Canada and the USA
GRANT
DEMPSEY
● Int’l mining executive with 40 years mining industry experience and 20 years at executive level
● Current senior technical advisor to Gecamines, DRC Gov’t owned mining company
● Former President of Boss Mining with mining ops contiguous with the Kabolelaproject
● Active in extraction of Cobalt, Copper, Gold, Diamonds, Antimony, Tin, and other metals with 17 years experience in DRC
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BANC Management Team● 35+ years experience in public corporate markets,
corporate finance & regulatory compliance/reporting
● Executive Chairman of TSX-listed copper exploration and development company
● Formerly on the boards and a senior officer of multiple public companies
STEPHEN
BARLEY
President
& CEO
● 30+ years experience in exploration geology in Asia, Australasia, Africa and the DRC
● Qualified person for reporting exploration results in Australia and Canada
● Former VP of M&A & Chief Geologist for Pengxin International Mining Limited
SHU
ZHAN
Director
● 20+ years experience in corporate finance, M&A, international taxation, risk management, banking, corporate restructuring & accounting. CPA, CA, CFA Charter holder.
● Managing Principal and CFO of Kepis & Pobe Financial Group
MURRAYFLANIGAN
CFO
● 15+ years experience in the mining industry ● Former Chief Strategy Officer and Chairman of Nikanor
PLC where he managed relations with DRC government● Former DRC Minister of Mines & Petroleum & responsible
for overseeing the drafting and publishing of DRC Mining Code
SIMONTUMA-WAKU
Director
● 35+ years experience in public and private corporate development and 25 years spent in management positions
● Former President/CEO/Director of TSX-listed NioCorp Developments which is developing the largest super alloy mineral deposit in North America and grew that company to $200M+ market cap
PETER DICKIE
Director
● Head metals trader for Africa for Transamine Trading since 2010
● Extensive relationships with copper and cobalt processors in DRC
● Assessment for investments and acquisitions skill set
ROYSTONDENYSSCHENDirector
● Founder Northwood Development a successful real estate development company for over 30 years
● Advisor to multiple private and public companies● Director of public merchant bank Fountain Asset
Corporation
CESAREFAZARI
Director
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Key Demand DriversExpanding Electrical Vehicle (EV) Market Needs Cobalt: With 20+ EV models available today and over 75 models in five years, annual cobalt production must increase by 4x.
KEY DRIVER = E-TRANSPORT GROWTH100 million EVs by 20301 = 400% increase in annual production tosupport demand2
MULTIPLE COUNTRIES ANNOUNCE BAN ON SALEOF GAS AND DIESEL ENGINES by 2030 – 2040 which will driveglobal demand
PUSH TO LOWER BATTERY COSTS DOES NOT EFFECT COBALTCONSUMPTION as the metal plays a critical role in increasingenergy density for batteries(a key component in reducing range anxiety) 3
ENERGY STORAGE SYSTEMS GROWTH60% expected annual growth rate between now and 2020(Navigant)
1 Paris Declaration on Electro-Mobility and Climate Change
2 Darton Commodities
3 Alternative compositions oer significantly lower energy density and also impact battery safety
Forecast Demand by End Use (2017-2025)
Source: Canaccord Genuity Research, Darton Consulting
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The Importance of Securing a Robust Co Supply Chain Drivers
90% of cobalt supplies come from copper (60%) and nickel mines (30%) that produce cobalt as a minor byproduct
OBSERVATIONS: Consistent and modest year-on-year growth
in the annual Co shipment to each of the eight non-battery
industrial sectors has demonstrated the sectors’ insensitivity to
prices and supply
INDICATIONS:
Non-battery demand is extremely inelastic – The sectors have to
fill a fixed annual requirement, regardless of price or supply
CONCERNS: Non-Chinese Co demand from nine important
industries far exceeds non-Chinese Co supply
>90% of new Co projects are funded by Chinese, making it
unlikely for non-Chinese customers to secure adequate supply.
2006 to 2015:
DRC’s Contribution to Global Co Supply:
38% to 51%
Refined Global Co Supply by Chinese:
23.6% to 50.2%
BOTTOM LINEThe size of a Gigafactory is irrelevant without a ROCK-SOLID SUPPLY CHAIN
SOURCE: https://seekingalpha.com/article/4030212-deeper-dive-teslas-evolving-cobalt-
nightmare
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Burgeoning EV Industry’s Effecton Supply ChainA robust and reliable supply chain is a must for Gigafactories to meet their manufacturing requirements and avoid supply chain failure. With an average cobalt content of 8 kg per car, the 41,200 tonnes available for EV batteries in 2025 will only support 5.15 million EVs, a little over half of the aspirational totals set forth below:
Co CONSUMPTION IN 2015
High Energy Li-ion Cells & the Battery Industry
Superalloys, Machine tools, Catalysts, Pigments & Other High Value Products SOURCE: The International Energy Agency’s “Global EV Outlook 2017”
100,000 electric car sales in2017; and 15-25% of the BMWgroup’s sales by 2025
30,000 annual electric car salesby 2017
CHINESE OEMs: 4.52 MILLIONANNUAL ELECTRIC CAR SALES BY2020
100,000 annual electric car salesby 2020
13 new EV models by 2020
Two-thirds of the 2030 sales to beelectrified vehicles (including hybrids,PHEVs, BEVs and FCEVs)
1.5 million cumulative sales of electric cars by 2020
500,000 annual electric car sales by2018; and 1 million annual electric car sales by 2020
2-3 million annual electric car salesby 2025
1 million cumulative electric car sales by 2025
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Leading Advantage in the DRC
years researching & assembling
a high quality portfolio of
concessions5
BANC is an early mover company with necessary permitting to activelyconduct exploration work (drilling, sampling) in the DRC.
concessions with clean title and
no government involvement:
● 6 are 100%-owned by Bankers
● 20 under private JVs with
reputable partners
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Concession - Kabolela Project
Concession: Kabolela (PE9468)
Ownership: 55/25/10 JV between BANC & two
reputable partners
Size & Location: 3.6 km2 - 130km northwest of
Lubumbashi and 10km northwest of the historical
mining town of Kambove; operating Cu and Co mines
on east and west of property
Geology: Typical Copperbelt-type diapir geology
and faulted anticlines
Mineralization: Brittle fault breccias containing Co –
Cu over a strike length of 200m with mineralised
cross-structures.
Work Program: Drilling ongoing; 1,500 m drilling
completed with high grade Cu and Co in multiple
holes; 2.01% Cu over 6m including 0.3% Co over
1m; testing suoergene Co – Cu mineralisation in the central north area.
Kabolela
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Concession - Kankutu4 Concessions: (PR 13370, PR13371, 13372,13441)
Ownership: Two joint ventures (65/35 and 70/30) between
BANC & two local DRC Partners;
Size & Location: 10.3 km2 - Kankutu property is immediately
adjacent to the Kimpe deposit (3 km east), 110 km southeast of
Lubumbashi with access by paved road & tracks with links to rail
systems through Zambia
Geology: 2.15 km of strike length along the regional structural
trend of the Roan formation on the permit which shows
mineralization to the east of the property
Mineralization: Mineralization found to the east, south - east of
property with the strike of 320 degrees of mineralized layers
runs diagonally into concession from the immediately adjacent
Kimpe Cu - Co deposit and mine (3M tonnes Cu @ 4.4% / Co @
0.54%)
Work Program: Currently conducting sampling, pitting, ground
geophysics completed; extension of Kimpe strike; drill ready in
late April 2018
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Concession - Comipad Comima
Concession: Comipad & Comima (ZEA 292)
Ownership: 70/30 JV between BANC and two cooperatives
Size & Location: 3.4 km2 - 35 km southwest of Likasi with
access by paved road & tracks
Geology: Located on a major E-W striking fault, Mines
Subgroup Strata, pinch-and-swell structures over a strike
length of 2.7 km across the two concessions
Mineralization: Located 10km east of Mwomba prospect,
with cobalt, nickel, gold, platinum and palladium content
Comipad Work Program: Reconnaissance geophysics,
mapping, geochemical soil sampling and subsequent trenching to allow for drill testing in Q2 2018
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Capital Structure
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Capitalization Table
Item Shares
Total Issued & Outstanding Shares 95,818,514
Share Purchase Warrants 40,812,654
Incentive Stock Options 7,520,000
Post Amalgamation Shares (Fully Diluted) 144,151,168
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BANKERSCOBALT C
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TSX-V: BANC
CONTACT US:INVESTOR RELATIONS
BANC@kincommunications.com
CORPORATE CONTACT
info@bankerscobalt.com
1-866-684-6730
www.bankerscobalt.com