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COMPANY STRATEGY

Chilean Cobalt Corp. (“C3’) was established to restart and expand historic primary cobalt operations in northern Chile.  These past-producing mines, together with additional district-scale exploration and development opportunities, present a secure, reliable, and ethically-sourced supply of cobalt in the Americas.  

 

The unique characteristics of the San Juan District in northern Chile combined with an advantaged infrastructure position also result in the potential for in-country and regional vertical integration and value-added product development.  

C3 has assembled a team of industry experts with the ability to further consolidate the district and continue exploration and development work with a focus on long-term sustainability.

Phased Development Strategy

  • Near-term production potential from oxide resources (little to no overburden); define and re-open historic pits + expansion at depth and along mineralized trends

  • Strategy is to mine the mineral layers in order of easiest to most difficult to process: 1st is oxidic ore, 2nd is transitional ore, 3rd is sulphidic ore

  • Concentration process is in two phases: Phase 1 is limited to crushing, classification, curing, and leaching system; Phase 2 expands to grinding, flotation, and roasting (when treating the transition and sulphidic ores)

  • SRK completed Synthetic Modeling, including conceptual economic and resource models for various open pit scenarios using collected data + realistic assumptions

  • Base case initial capex of USD $200 to $250 million; 10ktpd throughput mining 0.25% Co and 1.0% Cu; projected 3k to 5k mt/yr cobalt and 20 to 25k mt/yr copper

Numerous Historic Open Pits

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La Cobaltera Mineral Layers

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Mission-Driven Resource Development

C3 is an innovator and leader that strives to be the most responsible supplier of critical mineral resources for the development of advanced materials and cleaner energy technologies that address the most pressing environmental and development issues.

C3 is committed to creating ecological and social values for all stakeholders; economic value for Chile and the Chilean communities in which in operates; and financial value for its shareholders.

The company utilizes the IRMA Principles to guide its work:

Business Integrity

  • C3 will conduct business in a transparent manner that complies with applicable host country and international laws, respects human rights, and builds trust and credibility with workers, communities, and stakeholders.

Planning and Managing for Positive Legacies

  • C3 will engage with stakeholders from the early planning stages and throughout the mine life cycle to ensure that its mining project is planned and managed to deliver positive economic, social, and environmental legacies for companies, workers, and communities.

Social Responsibility

  • C3 will engage with workers, stakeholders, and rights holders to maintain or enhance the healthy, safety, cultural values, quality of life, and livelihoods of workers and communities.

Environmental Responsibility

  • C3 will engage with stakeholders to ensure that mining is planned and carried out in a manner that maintains or enhances environmental values, and avoids or minimizes impacts to the environment and communities.

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