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  • North American Cobalt Supply Chain: Creating A

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    1) First Cobalt's vision is to establish a North American cobalt supply chain including exploration, development, refining, and sale of cobalt resources in North America. 2) Their main project is the Iron Creek Cobalt project located in Idaho, within a district containing the largest undeveloped cobalt resources in the US, estimated at 16.8 million tons at 0.74% Co. 3) An inferred resource estimate for Iron Creek includes 29.6 million tons grading 0.11% cobalt equivalent, containing 45.4 million pounds of cobalt and 175.4 million pounds of copper. Drilling continues to expand the known mineralization.

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    1) First Cobalt's vision is to establish a North American cobalt supply chain including exploration, development, refining, and sale of cobalt resources in North America. 2) Their main project is the Iron Creek Cobalt project located in Idaho, within a district containing the largest undeveloped cobalt resources in the US, estimated at 16.8 million tons at 0.74% Co. 3) An inferred resource estimate for Iron Creek includes 29.6 million tons grading 0.11% cobalt equivalent, containing 45.4 million pounds of cobalt and 175.4 million pounds of copper. Drilling continues to expand the known mineralization.

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    18 views2 pages

    North American Cobalt Supply Chain: Creating A

    Uploaded by

    etsimo
    1) First Cobalt's vision is to establish a North American cobalt supply chain including exploration, development, refining, and sale of cobalt resources in North America. 2) Their main project is the Iron Creek Cobalt project located in Idaho, within a district containing the largest undeveloped cobalt resources in the US, estimated at 16.8 million tons at 0.74% Co. 3) An inferred resource estimate for Iron Creek includes 29.6 million tons grading 0.11% cobalt equivalent, containing 45.4 million pounds of cobalt and 175.4 million pounds of copper. Drilling continues to expand the known mineralization.

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    of 2

    TSX-V: FCC

    DEVELOP

    OTCQX: FTSSF
    ASX: FCC
    CREATING A
    NORTH AMERICAN
    COBALT SUPPLY CHAIN
    First Cobalt’s (FCC) vision is to establish a North American supply chain
    of cobalt including exploration, development, refinery and sale of North
    250000 252000 254000 256000
    American-sourced cobalt. Located in well-known mining district
    centered near Salmon, Idaho. The district is considered to be the largest

    North Fork Iron Creek


    undeveloped cobalt resources in the US and is estimated at 16.8 Mt at

    4986000
    0.74% Co, 1.37% Cu and 1.04 g/t Au (U.S. Geological Survey, 2017). 020

    55

    4984000
    IRON CREEK PROJECT 045

    045
    056
    4982000

    Legend
    046
    Claim Outline Challis Volcanic Group
    Legend Patents Undivided (Quarternary)
    4980000

    Claim Outline Roads Banded Siltite Unit


    Patents
    River Coarse Siltite Unit
    Bedding Fault Inferred 1 mile 04
    Roads
    Normal Faults Iron Creek
    River
    4978000

    Fault Inferred

    INFERRED Normal Faults


    5

    RESOURCE ESTIMATE
    Challis Volcanic Group

    Surficial Deposits 1 mile

    • Inferred mineral resources of 29.6 million tons grading 0.11% CoEq (0.08%
    Undivided (Quarternary) • 62.9 Mlbs (2NAD83
    8,528tonnes)
    UTM Zone 12ofLemhiCoEq County, Ida
    4976000

    Co & 0.30% Cu) under a base case scenario pit constrained and deeper
    Proterozoic Sedimentary Rocks Sources:
    • Preliminary metallurgical USGS Geological Investigatio
    Series testing
    I-2765 (Sheet 1 of 2)
    mineral resource Banded Siltite Unit
    yields recoveries of 96% for Co and
    Coarse Siltite Unit
    Cutoff Tons Tonnes CoEq Cobalt Cobalt Copper Copper 95% for Cu using simple floatation
    % CoEq(2) (000s) (000s) (%) (%) (Mlbs) (%) (Mlbs)
    0.03/0.18(3) 29,630 26,880 0.11 0.08 45.4
    250000
    0.30 175.4
    252000 • Open along strike and at depth
    254000 256000

    0.15 6,223 5,645 0.27 0.21 25.5 0.64 79.2 • Drill program ongoing to double
    0.18(4) 4,858 4,407 0.30 0.23 22.3 0.68 66.7
    the strike length
    0.20 4,100 3,719 0.32 0.25 20.2 0.71 58.4

    1 0.35 1,144 1,038 0.47 0.39 8.9 0.84 19.2


    IRON CREEK MINERALIZATION
    • Co-Cu mineralization occurs as
    semi-massive to disseminated pyrite
    and chalcopyrite along stratabound
    bands within finely layered argillite RESOU
    N AREA RCE A
    EXTENSIO REA
    interbedded with thin quartzite units.
    ADIT #2
    The general stratigraphic tend is 75°

    east-west ADIT #1
    75°

    EX
    TE
    • Semi-massive sulphides are

    NS
    IO
    N
    concentrated within two distinct

    AR
    ADIT #3
    No

    EA
    Na
    me
    stratabound zones. The No Name and W
    Zo
    ne
    ai
    te
    Waite Zones are roughly parallel Zo
    ne
    LEGEND
    and dip roughly 75° to the north, Geology
    2018 Underground Challis Volcanics
    remaining open at depth and open Drill Program Hanging Wall Quartzite
    Underground Workings Coarse Siltite Unit
    along the east and west strike Footwall Quartzite
    160 80 0 160

    metres
    extensions
    ȍȍ The No Name Zone and the Waite
    • The principal mineral assemblage consists of pyrite, chalcopyrite, pyrrhotite,
    Zone have true widths between
    and magnetite with much lesser quantities of native copper and arsenopyrite
    10m and 30m. Mineralization also
    locally
    occurs between the No Name and
    ȍȍ Scanning-electron and microprobe tests indicate the cobalt occurs largely
    Waite Zones as 1m to 5m pods
    or entirely within pyrite and overall there is a distinct lack of cobaltite, a
    common cobalt ore mineral containing arsenic
    MANAGEMENT TEAM
    TRENT MELL PETER CAMPBELL
    PRESIDENT & CEO DIRECTOR VP, BUSINESS DEVELOPMENT

    • Global mining & capital markets incl. M&A & • Mining operations, mine design and new mine
    $2.5B raised development for Falconbridge (now Glencore)
    • Formerly with Falco Resources, AuRico • Former mining analyst & Chairman of Jennings
    Gold, Barrick Gold and Sherritt

    DR. FRANK SANTAGUIDA RYAN SNYDER


    VP, EXPLORATION CHIEF FINANCIAL OFFICER

    • Experience in base metal mining camps in • 10 years in corporate finance and mining,
    Canada, Australia, Zambia, & the DR Congo including senior positions with Primero Mining,
    • Leading exploration programs around the Inmet Mining, Enirgi Group and KPMG
    world with Falconbridge (now Glencore)
    and First Quantum

    info@firstcobalt.com For full cautionary


    +1 416 900 3891 statements, please visit:
    2 FIRSTCOBALT.COM firstcobalt.com/legal

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