July 27, 2017 1:43 AM ET

Metals and Mining

Company Overview of Collerina Cobalt Limited

Company Overview

Collerina Cobalt Limited, a resource development company, engages in the acquisition, exploration, and development of mineral deposits in Indonesia and Australia. The company explores for gold, silver, copper, nickel, zinc, cobalt, iron, and magnesium ores. It primarily holds 45% interest in the Wonogiri project covering an area of approximately 3,928 hectares located in central Java, Indonesia. The company was formerly known as Augur Resources Ltd and changed its name to Collerina Cobalt Limited in May 2017. Collerina Cobalt Limited is headquartered in Sydney, Australia.

66 Hunter Street

Level 2

Sydney, NSW 2000

Australia

Phone:

61 2 9300 3310

Fax:

61 2 9221 6333

Key Executives for Collerina Cobalt Limited

Managing Director and Director
Age: 43
Total Annual Compensation: A$150.0K
Chief Financial Officer and Director
Age: 60
Total Annual Compensation: A$90.0K
Compensation as of Fiscal Year 2016.

Collerina Cobalt Limited Key Developments

Collerina Cobalt Limited Announces Collerina Project Drilling Results

Collerina Cobalt Limited commenced a 45 hole, 2,700 metre, reverse circulation (`RC') drill program at its 100% Collerina cobaltnickelaluminium project. The program objectives are to increase the size of the cobaltnickel resource, identify areas of high grade cobalt and also delineate a potentially high grade aluminium resource. Upon completion of the program the Company will progress the Collerina project scoping study, with a particular focus on the recovery of cobalt and nickel, and also aluminium to produce a high purity alumina (`HPA') product. The company has made considerable advances in respect of the Collerina project and looks forward to updating the market in the short term on its progress. The Collerina project is located 40 kilometres south of Nyngan in the central west of New South Wales and within trucking distance of the main Western railway line of New South Wales which connects to major east coast ports. Access is provided by a series of all weather secondary roads the closest of which passes adjacent to the main zone of cobalt mineralisation. The project is situated within the Lachlan Fold Belt, a geological feature that is host to several worldclass metal mines including Northparkes, CadiRidgeway and Cobar. It is also host to Clean Teq's, Syerston project which is a large lateritehosted nickelcobaltscandium deposit currently under feasibility. Syerston is situated approximately 130 kilometres southeast of Collerina and is hosted within similar ultramafic laterite. Approximately 2,700 metres of RC drilling is planned within 45 drill holes. Drilling will be completed along 50 to 100 metre spaced intervals along 100 to 500 metre spaced lines. Samples will be composited at 2 metre intervals and submitted to ALS in Orange, NSW for sample preparation and then forwarded to ALS Brisbane for XRF analysis.

Collerina Cobalt Limited Provides Production Update

Collerina Cobalt Limited announced production results update at: Collerina ­ NSW, Australia. 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. Deposit remains open at depth and along strike with new drill program to commence June quarter 2017 with scoping study to follow. Becker ­ Chile. 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. zonogiri ­ Java, Indonesia. 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). 16.3 million tonnes at 0.93% nickel and 0.05% cobalt or 151,000 tonnes of nickel and 8,100 tonnes of cobalt (cutoff 0.7% nickel) at Homeville deposit. Resources significantly increase at a lower nickel cutoff 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. Peak cobalt grades of up to 0.38% contained within a defined 3.5 km trend. Mineralisation is at surface in some areas with an average depth of only 10 metres below surface. Initial countercurrent 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. Peak aluminium grades of up to 12.8%. Further test work planned on aluminium to produce High Purity Alumina (HPA), revenues would be far in excess of nickel and cobalt revenues combined.

Augur Resources Ltd has Changed its Name to Collerina Cobalt Limited

Augur Resources Ltd changed its name to Collerina Cobalt Limited.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
March 15, 2017
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