- Investors are enthusiastic about Pacific Rim Cobalt Corp. (CSE: BOLT, OTCQB: PCRCF) and their Indonesian cobalt mining project because it is strategically located near the world’s largest user of cobalt: China.
- Chinese battery manufacturers want a ready supply of conflict-free cobalt and nickel.
- Pacific Rim Cobalt Corp.’s (CSE: BOLT, OTCQB: PCRCF) project in Papua, Indonesia covers 5,000 Ha with 9 prospects, 5 of them drill-tested and with known cobalt-nickel deposits.
- Infrastructure to and around the project is excellent, allowing for year-round access, and a 45-minute drive on sealed roads from the airport and near a city with skilled labor ready to work.
- The Cyclops project is adjacent a deep tidewater with a tremendous potential for easy port access and direct shipping routes to China.
- Shares of Pacific Rim Cobalt Corp. (CSE: BOLT, OTCQB: PCRCF) continue to gain momentum as investors see Indonesia as potentially the world’s largest supplier of vital battery metals.
- Indonesia is one of the world's largest producers of nickel
- Cobalt is a by-product of nickel mining and modern mineral processing options may unlock the massive potential Indonesia holds for cobalt resources
- Indonesia is strategically located in the backyard of the world's largest battery market – China. This gives Pacific Rim Cobalt Corp. (CSE: BOLT, OTCQB: PCRCF) a distinct advantage over cobalt explorers located in the West or in Africa.
- Indonesia has begun to attract billions of dollars in investment from multi-national mining and technology firms and individual investors intent on securing future production rights and financial gains
- Indonesian Maritime Minister, Luhut Pandjaitan says Indonesia will “become the main player in lithium batteries” and that it will “control the world market” as developers begin construction of $4 billion EV battery project on Sulawesi, backed by a consortium of investors from China, Japan, and South Korea
- Pacific Rim Cobalt Corp. recognized this opportunity early and seized the moment by acquiring a large, advanced cobalt - nickel prospect located on tide water, with direct shipping routes to China. Pacific Rim Cobalt Corp. (CSE: BOLT, OTCQB: PCRCF) plans to systematically unlock the potentially significant value this mineralized asset may hold.
For potential investors, this clearly demonstrates that Pacific Rim Cobalt Corp. saw and seized an opportunity, which is a move the smartest investors make every day.
China is the No.1 user of Cobalt and their demand is growing. China is pushing for an aggressive California-style Zero Emission Vehicle (ZEV) program that requires 12% of all cars sold in China to be EVs by 2020. Given a 1% EV adoption rate in China today, that target translates to a 12x increase in the number of electric cars sold in China by end of the decade. Cobalt is now rated a “strategically important metal” meaning the US government can arbitrarily create shortages.
In July 2018, Pacific Rim Cobalt (CSE: BOLT, OTCQB: PCRCF) entered into a preliminary agreement with Beijing Easpring Material Technology Co., Ltd. a leading specialized supplier of cathode material for lithium-ion batteries to industry giants such as Samsung, Sony, Panasonic, SK Continental and BYD. Easpring engages in the research, development, production and sale of energy materials and is an industry leader supplying five of the world’s six largest lithium battery manufacturers.
"We are excited and optimistic about the unique possibility of developing this project into an asset that will add shareholder value and position the company to play a future role in the battery metals supply chain. It's going to be a busy year ahead, and we look forward to getting the drills turning and building value." - Ranjeet Sundher, CEO, Pacific Rim Cobalt Corp. (CSE: BOLT, OTCQB: PCRCF)
- Project Location: North Coast of Papua, Indonesia
- Project Area: 5000Ha with 9 prospects, 5 drill tested and with known cobalt-nickel deposits
- Historical estimate of 37 million tonnes of 0.11% Co and 1.31% Ni at a 0.8% Ni cut-off grade
- High-Grade Drill Intercept Highlights: 8m @0.18%, 13m @0.15%, and 10m @0.19%
- Rapid Path to Development: Use of Proceeds to conduct mine planning
- Strategic Location: Proximity to China, the world’s largest consumer of cobalt
- Favourable Geology with shallow mineralization
- Exploration Upside: Mineralization is open at depth, and along strike, posing potential for expansion
- Production Permit Issued, valid until December 20, 2021 with option to extend 10 years
- Environmental Permits Issued (AMDAL)
- Additional exploration planned on all 9+ identified prospects
- Only 5 prospects previously evaluated
- Full depth drilling as part of next steps – historic estimate based on shallow drilling (average depth of 11-15m)
- Mineralization is open at depth, and along strike, providing potential for resource expansion
- Sealed road access
- 15km to Sentani airport and 40km to Jayapura, capital city of Papua Province
- Adjacent to coast with options for future port and barge access
Investors appreciate an opportunity with a rich history and a bright future. Pacific Rim Cobalt Corp.’s (CSE: BOLT, OTCQB: PCRCF) Cyclops project in Indonesia is the perfect small cap entry play for savvy investors.
Cobalt was recently marked as a “critical” or “strategic” metal by industrial nations around the world, due to its importance in the battery market supply chain
Percentage of cobalt produced globally as by-product from copper and nickel mining
Most of the Cobalt is heading straight to China. The global hold is huge.
Percentage of global cobalt production originating in the Democratic Republic of Congo (DRC)
The US and China have identified cobalt as strategic metal and are stockpiling cobalt.
Percentage of DRC cobalt mined artisanally. The DRC presents significant ethical, environmental and political risks as the country has been implicated in child labour for cobalt
This strategic status for cobalt increases the attractivness of penny stocks like Pacific Rim Cobalt.
Ranjeet Sundher - President, CEO & Director
Mr. Sundher is the President of Canrim Ventures Ltd., a Singaporean advisory firm specializing in early stage project finance and structure and has raised more than $40 million for companies in which he was a founder/partner. Ranjeet has more than 20 years of capital markets experience and has developed and sold several successful private and public companies. He previously founded Indogold Exploration, a Jakarta-based mining service firm.
Steve Vanry, CFA – CFO & Director
Mr. Vanry has 22 years of professional experience in senior management positions with public and private companies, providing expertise in capital markets, strategic planning, corporate finance, mergers and acquisitions, regulatory compliance, accounting and financial reporting. His breadth of experience spans various industries, including mining, oil and gas, renewable energy, high-technology and manufacturing. He holds the right to use the Chartered Finance Analyst (CFA) and Canadian Investment Manager (CIM) designations and is a member of the CFA Institute and the Vancouver Society of Financial Analysts.
Andre Talaska – Country Manager and Technical Supervisor
Mr. Talaska brings more than 30 years of experience in the mining and exploration industry. He previously held senior positions with several companies both in Australia and SE Asia. He has extensive experience in project identification, open pit and underground mining, value adding and optimizing of mining operations and management of geological teams in the production and exploration environment.
Shakir Juffry – Business Development/Engineering
Mr. Juffry is a Chemical Engineer and Extractive Metallurgist by background training and experience, with more than 20 years of experience in the Indonesian mining and minerals exploration field.
With an experienced team, a prime mine location, customer deals in place and a product in increasing demand, Pacific Rim Cobalt Corp. (CSE: BOLT, OTCQB: PCRCF) is the ultimate “must add” for every investment portfolio.
The year ahead will prove to be busy as the company:
- Aims to complete its maiden resource estimate at Cyclops in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects
- Finalizes studies and testing on processing options
- Undertakes economic studies to optimize its development plan
- Confirms the optimal processing method for the site’s resources
- Commences formal negotiations with Easpring in relation to a binding offtake agreement for nickel and cobalt sulphates. (Last year, Pacific Rim Cobalt entered into a preliminary agreement with Beijing Easpring Material Technology Co., Ltd. a leading specialized supplier of cathode material for lithium-ion batteries to industry giants such as Samsung, Sony, Panasonic, SK Continental and BYD.)
The work ahead is exciting, both for Pacific Rim Cobalt Corp. (CSE: BOLT, OTCQB: PCBCF) and investors. Pacific Rim Cobalt Corp. is confident in its ability to continue to meet its key developmental milestones and its capacity to create outstanding long-term value for its shareholders.