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1 BANKERS COBALT C O R P . TSX-V: BANC Building a Conflict Free Source of COBALT & COPPER in Democratic Republic of Congo Corporate Presentation | April 2018

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Page 1: BANKERS P . COBALT...Golden Phoenix International PTY Ltd Chief Geologist with Placer Dome 2000-2006 Exploration Manager CSR Limited in Western Australia until 1988 Exploration …

1

BANKERSCOBALT C

O R

P .

TSX-V: BANC

Building a Conflict Free Source of

COBALT & COPPER

in Democratic Republic of Congo

Corporate Presentation | April 2018

Page 2: BANKERS P . COBALT...Golden Phoenix International PTY Ltd Chief Geologist with Placer Dome 2000-2006 Exploration Manager CSR Limited in Western Australia until 1988 Exploration …

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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.

Page 3: BANKERS P . COBALT...Golden Phoenix International PTY Ltd Chief Geologist with Placer Dome 2000-2006 Exploration Manager CSR Limited in Western Australia until 1988 Exploration …

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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

Page 4: BANKERS P . COBALT...Golden Phoenix International PTY Ltd Chief Geologist with Placer Dome 2000-2006 Exploration Manager CSR Limited in Western Australia until 1988 Exploration …

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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

4

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

BANKERSCOBALT C

O R

P

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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

BANKERSCOBALT C

O R

P

Page 6: BANKERS P . COBALT...Golden Phoenix International PTY Ltd Chief Geologist with Placer Dome 2000-2006 Exploration Manager CSR Limited in Western Australia until 1988 Exploration …

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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)

6

BANKERSCOBALT C

O R

P

Page 7: BANKERS P . COBALT...Golden Phoenix International PTY Ltd Chief Geologist with Placer Dome 2000-2006 Exploration Manager CSR Limited in Western Australia until 1988 Exploration …

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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

Page 8: BANKERS P . COBALT...Golden Phoenix International PTY Ltd Chief Geologist with Placer Dome 2000-2006 Exploration Manager CSR Limited in Western Australia until 1988 Exploration …

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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

Page 10: BANKERS P . COBALT...Golden Phoenix International PTY Ltd Chief Geologist with Placer Dome 2000-2006 Exploration Manager CSR Limited in Western Australia until 1988 Exploration …

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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

26

Page 14: BANKERS P . COBALT...Golden Phoenix International PTY Ltd Chief Geologist with Placer Dome 2000-2006 Exploration Manager CSR Limited in Western Australia until 1988 Exploration …

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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

Page 17: BANKERS P . COBALT...Golden Phoenix International PTY Ltd Chief Geologist with Placer Dome 2000-2006 Exploration Manager CSR Limited in Western Australia until 1988 Exploration …

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Capital Structure

.1

7

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

Page 18: BANKERS P . COBALT...Golden Phoenix International PTY Ltd Chief Geologist with Placer Dome 2000-2006 Exploration Manager CSR Limited in Western Australia until 1988 Exploration …

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BANKERSCOBALT C

O R

P .

TSX-V: BANC

CONTACT US:INVESTOR RELATIONS

[email protected]

CORPORATE CONTACT

[email protected]

1-866-684-6730

www.bankerscobalt.com