Investor Presentation - March 30, 2022 - Kobo Resources
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Investor Presentation March 30, 2022
Disclaimer
This presentation is dated March 30, 2022. A final prospectus dated March 30, 2022 containing important information relating to the securities described in this
presentation has been filed with the securities regulatory authorities in the provinces of Alberta, British Columbia, Ontario and Québec. A copy of the final
prospectus, and any amendment, is required to be delivered with this presentation. This presentation does not provide full disclosure of all material facts
relating to the securities offered. Investors should read the final prospectus, and any amendment, for disclosure of those facts, especially risk factors relating to
the securities offered, before making an investment decision.
* Cautionary Statement.
Investors are cautioned that Kobo is subject to the following risk factors associated with operating in Côte d’Ivoire as disclosed in the Prospectus: Following
instability in recent years in several sub-Saharan countries, the prevailing security environment in the region has deteriorated due to the presence of
various militant secessionist and Islamist paramilitary groups. While Kobo has implemented additional measures in response to ensure the security of its
various assets, personnel and contractors, and continues to cooperate with regional governments, their security forces and third parties, there can be no
assurance that these measures will be successful. Any failure to maintain the security of its assets, personnel and contractors may have a material adverse
effect on Kobo business, prospects, financial condition and results of operations. Other risks and uncertainties include, but are not limited to, terrorism;
hostage taking; military repression; extreme fluctuations in currency exchange rates; high rates of inflation; labour unrest; war or civil
unrest; expropriation and nationalization; renegotiation or nullification of existing concessions, licenses, permits, contracts and fiscal stability
arrangements; illegal mining; changes in taxation policies; restrictions on foreign exchange and repatriation; loss due to disease and other potential
endemic health issues; and changing political conditions, currency controls and governmental regulations that favour or require the awarding of contracts
to local contractors or require foreign contractors to employ citizens of, or purchase supplies from, a particular jurisdiction. There can be no assurance that
such problems will not arise in the future. In particular, there has been a rise in incidents of terrorism and hostage taking in recent years. Although there is
no reason to believe that Kobo’s employees or operations are targeted, terrorist and other criminal activities in the region may disrupt our
operations, limit our ability to hire and keep qualified personnel as well as restrict our access to capital.
Forward-Looking Statements
This presentation contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of
applicable Canadian and US securities legislation. These statements relate to future events or the future activities or performance of the Company. All
statements, other than statements of historical fact are forward-looking statements. Forward-looking statements are typically identified by words such as:
believe, expect, anticipate, intend, estimate, postulate and similar expressions, or which by their nature refer to future events.
Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Inherent in
forward looking statements are risks and uncertainties beyond the Company’s control, such as the Company’s inability to obtain any necessary permits, consents
or authorizations required for its activities, to produce minerals from its properties successfully or profitably, to continue its projected growth or to raise the
necessary capital.
The Company cautions investors that any forward-looking statements by the Company are not guarantees of future performance, and that actual results are
likely to differ, and may differ materially, from those expressed or implied by forward looking statements contained in this presentation.
These forward-looking statements are made as of the date hereof and the Company does not intend and does not assume any obligation, to update these
forward-looking statements, except as required by applicable law. For the reasons set forth above, investors should not attribute undue certainty to or place
undue reliance on forward-looking statements. For further reference, please refer to the “Risk Factors” identified in the Preliminary Prospectus and the
Amended and Restated Preliminary Prospectus filed on www.sedar.com
Qualified Person Unless otherwise specified, all scientific and technical information contained in this presentation is derived from the Technical Report titled “NI 43-101 Technical Report, Kossou Project, Yamoussoukro District, Cote d’Ivoire”, with an effective date of April 23, 2021 and report date of January 20, 2022, which was prepared by Timothy J. Strong, MIMMM, Principal Geologist for Kangari Consulting Limited. Timothy J. Strong is the Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects and is independent of the Corporation. The Technical Report is available under the Corporation’s SEDAR profile.
Investment Highlights
1 New West African Gold Company with a Portfolio of Highly Prospective Gold Properties
• KOBO Resources is a private gold exploration company (soon to be public) with portfolio of highly prospective permits in Cote d’Ivoire
• Principal property is the 100%-owned Kossou Permit (“Kossou”), located 6 km from the Yaouré mine (M&I 2.11 M oz Au and P & P 1.56 M oz
Au,1 owned by Perseus Mining)
• Promising rock sampling and magnetic survey results warrant follow up work program including a Phase 1 drill program to be commenced in
2022
1 https://perseusmining.com/resources-reserves/
4
Investment Highlights
1 New West African Gold Company with a Portfolio of Highly Prospective Gold Properties
• KOBO Resources is a private gold exploration company (soon to be public) with portfolio of highly prospective permits in Cote d’Ivoire
• Principal property is the 100%-owned Kossou Permit (“Kossou”), located 6 km from the Yaouré mine (M&I 2.11 M oz Au and P & P 1.56 M oz
Au,1 owned by Perseus Mining)
• Promising rock sampling and magnetic survey results warrant follow up work program including a Phase 1 drill program to be commenced in
2022
2 Favourable and Under-Explored Location in Cote d’Ivoire
• Under-explored region compared to neighboring West African countries
• Presence of artisanal miners in area of KOBO’s activities is usually indicative of near-surface high-grade gold
• Kossou is situated in central Cote d’Ivoire (22km NW of Yamoussoukro, the capital city, and 250km N of the financial capital of Abidjan)
1 https://perseusmining.com/resources-reserves/
5
Investment Highlights
1 New West African Gold Company with a Portfolio of High-Quality Gold Properties
• KOBO Resources is a private gold exploration company (soon to be public) with portfolio of highly prospective permits in Cote d’Ivoire
• Principal property is the 100%-owned Kossou Permit (“Kossou”), located 6 km from the Yaouré mine (M&I 2.11 M oz Au and P & P 1.56 M oz
Au,1 owned by Perseus Mining)
• Promising rock sampling and magnetic survey results warrant follow up work program including a Phase 1 drill program to be commenced in
2022
2 Favourable and Under-Explored Location in Cote d’Ivoire
• Virtually under-explored region compared to neighboring West African countries
• Presence of artisanal miners in area of KOBO’s activities is a positive indicator for near-surface high-grade gold
• Kossou is situated in central Cote d’Ivoire (22km NW of Yamoussoukro, the capital city, and 250km N of the financial capital of Abidjan)
3 Mining Friendly Jurisdiction with Exceptional Regional Geology*
• Cote d’Ivoire has a New Mining Code (2014) and 1985 Tax Treaty with Canada; 2013 FIPA (Foreign Investment Protection Agreement between
both Countries)
• Major companies operating in country include Barrick, Endeavour, B2Gold, Resolute, Perseus, Centamin, and Fortuna Silver
• Cote d’Ivoire hosts 35% of the favorable West African Birimian Formation, more than any other country
• Production from Ghana, Mali, Burkina Faso and Guinea has totaled +113 million ounces of gold from 2010 to 2020: Côte d’Ivoire has only
produced 8.2 million ounces in the same time frame.2
* Investors are invited to read the Cautionary Statement stipulated in Slide 2 of the current presentation.
1 https://perseusmining.com/resources-reserves/
2 World Gold Council 2021: Gold Mining Production Volume Data. https://www.gold.org/goldhub/data/historical-mine-production. 6
Investment Highlights
1 New West African Gold Company with a Portfolio of High-Quality Gold Properties
• KOBO Resources is a private gold exploration company (soon to be public) with portfolio of highly prospective permits in Cote d’Ivoire
• Principal property is the 100%-owned Kossou Permit (“Kossou”), located 6 km from the Yaouré mine (M&I 2.21 M oz Au and P & P 1.6 M oz
Au,1 owned by Perseus Mining)
• Promising rock sampling and magnetic survey results warrant follow up work program including a Phase 1 drill program to be commenced in
2022
2 Favourable and Under-Explored Location in Cote d’Ivoire
• Virtually under-explored region compared to neighboring West African countries
• Presence of artisanal miners in area of KOBO’s activities is a positive indicator for near-surface high-grade gold
• Kossou is situated in central Cote d’Ivoire (22km NW of Yamoussoukro, the capital city, and 250km N of the financial capital of Abidjan)
3 Mining Friendly Jurisdiction with Exceptional Regional Geology
• Cote d’Ivoire has a New Mining Code (2014) and 1985 Tax Treaty with Canada; 2013 FIPA (Foreign Investment Protection Agreement between
both Countries)
• Major companies operating in country include Barrick, Endeavour, B2Gold, Resolute, Perseus, Centamin, and Fortuna Silver
• Cote d’Ivoire hosts 35% of the favorable West African Birimian Formation, more than any other country
• Production from Ghana, Mali, Burkina Faso and Guinea has totaled +113 million ounces of gold from 2010 to 2020: Côte d’Ivoire has only
produced 8.2 million ounces in the same time frame.2
4 Highly-Experienced Management Team, with In-Country Expertise
• Led by strong leadership team with decades of exploration, mine management, and capital markets experience
• President, Paul Sarjeant, has worked as a professional geologist with 35+ years’ experience in mineral exploration, project management,
development and evaluation throughout the world including Africa
• CEO, Edward Gosselin, is a lawyer with +37 years’ experience in business law including 9 years focused in the mining sector in Cote d’Ivoire
1 https://perseusmining.com/resources-reserves/
2 World Gold Council 2021: Gold Mining Production Volume Data. https://www.gold.org/goldhub/data/historical-mine-production. 7
Location – Côte d’Ivoire / West Africa
Population 28.1M (July 2021 est.)1
Capital City Yamoussoukro (pop. 361,893)1
Largest City Abidjan (pop. 3.7M)1
Major Languages French, indigenous languages
GDP US$61.5Bn in 20202 (nominal)
GBP per Capita US$2,281 in 20202 (nominal)
GDP Growth Est. 6.0% growth in 20213
Currency CFA franc (1 USD = ~560 CFA)4
Major Mining Companies in Côte d’Ivoire:
Barrick Gold Endeavour
B2Gold Centamin
Perseus Mining Fortuna Silver
Resolute Mining Mines In (acquired
Roxgold)
Sources:
1. CIA – the World Factbook. https://www.cia.gov/the-world-factbook/countries/cote-divoire. 2. The World Bank. https://data.worldbank.org/country/cote-divoire. 3. African Development Bank Group.
https://www.afdb.org/en/countries/west-africa/cote-d%E2%80%99ivoire/cote-divoire-economic-outlook. 4. OANDA. https://www.oanda.com/currency-converter/en/?from=USD&to=XOF&amount=1.
8
Location – Côte d’Ivoire / West Africa
Government’s objective is for natural resources
development to become the No. 2 economic
engine for the country6
CÔTE D’IVOIRE /
Country Overview
• One of the largest economies in West Africa, after Nigeria and Ghana,
with a relatively high GDP per capita for the region.
• Stable political environment with a presidential republic and civil law
system based on French civil code.
• Fast growing economy with annual GDP growth over 6.0% per year in
Population 28.1M (July 2021 est.)1
2018 and 2019, slowing down to 1.8% in 2020 due to pandemic2, and
Capital City Yamoussoukro (pop. 361,893)1 expected to rebound to 6.0% in 20213. 5Total Annual Gold Production
Largest City Abidjan (pop. 3.7M)1 • Mining sector has potential to
2017 1,650 koz
Major Languages French, indigenous languages lead this growth. Gold
production has increased from 2018 1,793 koz
GDP US$61.5Bn in 20202 (nominal) ~1.65M oz gold in 2017 to ~2.0M
2019 2,003 koz
GBP per Capita US$2,281 in 20202 (nominal) oz gold in 20205, with six
operating gold mines in country. 2020 2,005 koz
GDP Growth Est. 6.0% growth in 20213
• 1985 Tax Treaty with Canada; 2013 FIPA (Foreign Investment Protection
Currency CFA franc (1 USD = ~560 CFA)4
Agreement between both Countries).
• New Mining Code (2014) which is favourable to gold exploration and
resource development.
Major Mining Companies in Côte d’Ivoire:
Regional Geological Overview
Barrick Gold Endeavour
• Côte d’Ivoire is relatively underexplored compared to its West African
B2Gold Centamin
neighbours, but hosts 35% of the West African Birimian Formation, more
Perseus Mining Fortuna Silver
than any other country.
Resolute Mining Mines (acquired
Roxgold) • West African Birimian greenstone belts have produced over 122 million
ounces of gold from 2010 to 20205.
Sources:
1. CIA – the World Factbook. https://www.cia.gov/the-world-factbook/countries/cote-divoire. 2. The World Bank. https://data.worldbank.org/country/cote-divoire. 3. African Development Bank Group.
https://www.afdb.org/en/countries/west-africa/cote-d%E2%80%99ivoire/cote-divoire-economic-outlook. 4. OANDA. https://www.oanda.com/currency-converter/en/?from=USD&to=XOF&amount=1. 5. World Gold
9
Council 2021: Gold Mining Production Volume Data. https://www.gold.org/goldhub/data/historical-mine-production. 6. Source: Mines et géologie : le chiffre d’affaires du secteur minier en hausse de plus de 30 % en
2019, February 27, 2020, press release of the Ministry of Mines and Geology of Côte d’ivoire. https://www.gouv.ci/_actualite-article.php?recordID=10921.
Côte d’Ivoire – Untapped Potential
West African Gold Production - 2010 to 20201
Mali Burkina Faso
10% Tongon
26 Moz1 22%
27 Moz1
Guinea Sissingue
Côte d’Ivoire KOBO Resources inc.
11% Canada
15 Moz1 35% Ghana
8 Moz1
19%
46 Moz1
Kossou Bongouanou
Yaouré
Ity
Bonikro Afema
Abidjan
Agbaou
KOBO Resources Research
Permits and Applications
1 World Gold Council 2021: Gold Mining Production Volume Data. https://www.gold.org/goldhub/data/historical-mine-production.
10KOBO Business Model
BUILD, ADVANCE & MONETIZE a portfolio of quality gold properties solely or jointly owned through JVs
• Kossou Permit: Primary Permit adjacent (6 km) to the YAOURÉ deposit (M&I 2.21 M oz Au and P&P 1.6 M
oz1 owned by Perseus Mining)
• Bongouanou Permit: Secondary permit in the eastern part of the country
• Bongouanou Area: 3 pending permit applications
• Hunt For Other Opportunities
Financing & Take Public
• Private Equity Funding since inception (12/2015) ~$3.81 million
• Raised over $1.2 million @ $0.30/share through “Accredited Investors & Current Shareholders” from Q1
to Q3 2021
• Conclude a TSX-V listing with a minimum $5.0 million public equity funding (H1/2022)
• Fast Track development of the Kossou Permit & develop Kotobi Permit as per license obligations
1 https://perseusmining.com/resources-reserves/
11KOBO Resources – Research Permits
Yaouré Mine Site
Kossou Research Permit
YAMOUSSOUKRO
Bongouanou Area Research
Permit & Applications
KOBO Research Permits
KOBO Research Permit Applications
Perseus Research Permit
Perseus Mining Lease
0 20 40
kilometres
12Kossou Project – Primary Focus
KOBO Gold Zones
Yaouré Mine Site: Road Cut Zone
Kossou Permit
147.35 km2
YAMOUSSOUKRO
KOBO Research Permit – Kossou Project
Perseus Research Permit
Perseus Mining Lease
Direct Road Access to property located 25 km from Yamoussoukro
Approximately 6 km east of the YAOURÉ mine – Perseus Mining
13Kossou Project – Local Geology
Geology Kossou Geology and Zone Locations
• Lies within the Bouaflé greenstone belt
• Assemblage of Paleoproterozoic rocks of the Beach Zone
Birmian Supergroup
• Locally, mafic volcanics with intercalated Pirate’s Cove
sediments and volcaniclastic units Road Cut Zone
• Alteration: Silicification, +/- Carbonate &
Tourmaline Lakeshore Zone South
• Gold mineralization is associated with quartz Kadie Zone
Kilo Zone
veins, veinlets and disseminations in host units
• Multiple zones have been identified with
significant gold values and visible gold Site 7
• Strong NE-SW structural control with conjugate
vein/shear set Jagger Zone
Shadow Zone
14Kossou Project – Initial Gold Target
Beach Zone
164 pits completed
Visible Gold in 155 Pits
Continuous Chip Sample
Road Cut Zone
0 0.5 1.0
km
15Kossou Project – Road Cut Zone
8.80 gpt Au/4.5 m 4.16 gpt Au/4.0 m 2.41 gpt Au/6.0 m
2.89 gpt Au/3.5 m
15.99 gpt Au
8.18 gpt Au
Rock Sample - Chip
Rock Sample- Grab
Overall grades 4.49 gpt Au over 18 m of rock exposure
(Samples 01-05-16-09 to 16-12)
Initial discovery of gold mineralization along Road Cut
Zone is up to 15 m wide based on pit sampling.
16Kossou Project – Road Cut Zone
Original Discovery Showing
2020 Mapping and Rock Sampling Work
• Significantly expanded zone of silicification and gold mineralization (See above)
• +100 m exposed along road and up to 15 m in width
• Results fromKossou Project – Rock Sampling
Gold in Soils Geochemistry
Soil Sampling Program Beach Zone Anomaly Map
• 1,689 samples results
• 1,585 sample result pending
Road Cut Zone
Lakeshore South Zone
• +3,500 m long anomaly in main trend, up to 500 m
Site 6
wide
• Parallel zones evident Kilo Zone Kadie Zone
• Aligned with structural domain Site 7
Jagger Zone
Rock Sampling Program Shadow Zone Site 4
• 669 rock samples
• Kadie Zone – up to 15.45 gpt Au Site 8
Site 9
• Jagger Zone – up to 3.63 gpt
• Artisanal miners discovered
• Shadow, Kilo, & Site 7
• Gold identified at all sites.
18Kossou Project – 2020 Soil Results
Gold in Soils Geochemistry
Anomaly Map
Yaouré Mine Historic Gold
Soils Geochemical Anomalies1
0 1 2
km
Comparison of Yaouré Mine Historic Gold in Soil Geochemical Anomalies1
to Current Kossou Project Gold in Soil Geochemical Anomalies
1 Perseus Mining Limited, Technical Report, Yaoure Gold Project, Cote d’Ivoire; Issue Date: December 18, 2017
19Kossou Project – Structural Study
Structure Structural Trends at Kossou
• Mapped structural corridor +2.7 km (Pirate’s Cove
to Jagger)
Beach
• Shadow (~220m) & Kilo Zones (~1km) along Zone
parallel structure
Pirate’s Cove
• Gold mineralization within veins/veinlets and
disseminations in host rock Road Cut Zone
• Tensional “en echelon” conjugated vein network
and fracture system Lakeshore
South Zone
Kilo Zone
• Veins typically W to NW dipping
Kadie
Regional structural trend in the Zone
West African craton, orientation of
potential thrust faults
Jagger Zone
Main deformation corridor at
Kossou
Fractures Shadow Zone
Veins (primary, secondary)
Interpreted structure
20Kossou Project – Magnetic Survey
Drone Survey
• Area: 62 km2
• Surveyed 1,195.4 Line Kms
• 50 m line spacing
• Mean Terrance Clearance
of 62.3 m Road Cut Zone
• Confirmed structural break
through RCZ
• Several structures have
potential to host gold Area of Initial
mineralization
• Have not started work on
Interest
southern block; It is wide
open
21Kossou Project – RTP1/1VD Interpretation
L1 L2
0 1 2
L3
L4
L5 km
L6
L7
RCZ Showing
Site 6
Kadie ZoneKossou Project – Soil Results on Geophysics
L1 L2
00 1 2
L3
L4
L5 km
Km
L6
L7
RCZ Showing
Site 6 + 4.5 km Potential Trend
Kilo Zone Kadie Zone
< 15gpt Au
Site 7
Jagger Zone
< 4gpt Au
Shadow Zone Site 4
Gold In Soils
400 ppb Au
23Kossou Project – 2020 Magnetic Survey
Section 2
Potential Second Structure
SW RCZ NE
24Kossou Project – 2022 Work Program
2022 Work Program
• Extend soil geochem grid
• Auger program
• Additional lineament analysis to identify more Road Cut Zone
structural corridors containing gold bearing
veins
Kilo Zone
• Follow Up trenching Kadie Zone
• Extend Drone survey to east and south
• Possible MT geophysical survey Jagger Zone
Prepare for Phase 1 Drill Program Shadow Zone
• RCZ:15 to 20 drill holes (~2,000 m)
• Shadow Zone: 6 holes (~1,000 m)
• Kilo Zone: 6 holes (~1,000 m)
• Jagger and Kadie soil anomaly ~ 1,000 m
• Other targets ~500 m
25Bongouanou Region – Gold Showings
• 1,370 sq kms of Bocanda North Bocanda South
unexplored Birimian host 341 km2 338 km2
rocks
• Quartz vein hosted gold
• Numerous areas of
artisanal gold mining
Dimbroko
Toumodi Bongouanou
M’Batto
389 km2 Kotobi Permit
302 km2
KOBO Research Permit
0 25 50
KOBO Research Permit Applications
km
26Bongouanou Permit – Early-Stage Results
Kotobi Research Permit
• Regional airborne geophysical survey coverage1
• Suggests structurally complex region within the Kotobi
Research Permit
• Strong northeast-southwest fabric similar to dominent
lineaments associated with most West African gold deposits
• Soil geochem program executed in 2020 with 2800 samples
collected
• Preliminary prospecting and mapping
2022 Work Program
• Drone magnetic survey over entire permit area
• Prospecting and mapping to enhance geological
understanding
• Compile soil results and magnetic survey results
• Meet minimal license requirements
27Use of Proceeds – Maximum Raise - $10 Million
Use of Proceeds - Post IPO (Next 0 to 24 Months)
Regional Exploration Efforts: As of Q2 2022
Bongouanou Area: Detailed Soil Geochemistry (+/- 5000 soil geochem samples program -
partially executed), trenching, detailed ground geophysics, UAV Magnetic Survey, Data $450,000
Compilation
Kossou Project: As of Q2 2022
Extension of UAV Mag Survey, Lidar Survey, Geophysical analysis, trenching, geochem &
rock sampling, pre-drill preparation, structural geology, assays, Northeast auger program,
Geology staff costs, etc.
$1,046,100
Kossou Project: 0-12 months
Phase 1 Drilling (+5,500 m)
$1,966,250
13-24 months
Phase 2 Drilling & Geology Staff Costs (+8,500 m) $4,135,484
Working Capital: Q2 – 2022 to Q4 - 2023
Canadian and local personnel, transport, general corporate $1,354,020
expenses, offices, professional fees, insurance and unallocated funds
Total $8,951,854
28Use of Proceeds – Minimum Raise - $5 Million
Use of Proceeds - Post IPO (Next 0 to 12 Months)
Regional Exploration Efforts: As of Q2 2022
Bongouanou Area: Detailed Soil Geochemistry (+/- 5000 soil geochem samples program
(partially executed), trenching, detailed ground geophysics, UAV Magnetic Survey, Data $450,000
Compilation
Kossou Project: As of Q2 2022
Extension of UAV Mag Survey, Geophysical analysis, trenching, geochem & rock sampling, pre-
drill preparation, structural geology, assays, Northeast auger program, Geology staff costs, etc.
$602,388
Kossou Project: 0-6 months
Phase 1 Drilling (+2,700 m) $965,250
6-12 months
Phase 2 Drilling & Geology Staff Costs (+3,700 m) $1,615,213
Working Capital: Q2 – 2022 to Q2 - 2023
Canadian and local personnel, transport, general corporate $719,003
expenses, offices, professional fees, insurance and unallocated funds
Total $4,351,854
29Capital Structure
Capital Structure Summary
Ownership Summary (2)
As of Oct 31, 2021
Basic Shares Outstanding 54,195,999
Options/Warrants 7,400,034 34%
Fully Diluted Shares Outstanding 61,596,033 65%
Cash (C$) (1) ~$507,000
Debt (C$) nil 1%
Capital Raised to Date (C$) ~$3,800,000
Management/Insiders
Basic Valuation (@ $0.30 last raise) ~$16.3M High Net Worth Individuals
Fully Diluted Valuation (@ $0.30 last raise) ~$18.5M Other (Incl. Consultants)
Options/Warrants Outstanding Recent Financing Rounds
Security Number Strike (C$) Expiry Date (s) Common Shares Issued
Options 600,000 $0.15 17-Dec-24 Date Proceeds (C$) Number Issue Price (C$)
Options 2,550,000 $0.20 4-Jan-26 to 10-Jan-28 In 2020 $1,007,007 5,035,035 $0.20
Warrants 4,250,034 $0.30 31-Aug-23 Feb - Jun 2021 $880,801 2,936,002 $0.30
Total 7,400,034 $0.25 Total $1,887,808
~$1.9 million of equity capital raised since 2020
from qualified investors and current shareholders
Notes:
(1) As of December 31, 2021. 30
(2) Fully diluted basis.Côte d'Ivoire – Operating Mines and Discoveries
Annual
Operators Production(1)
(oz Au)
Barrick Gold (Tongon) 255,522
Perseus Mining (Sissingue) 227,651
Endeavour Mining (Ity) 180,890
Allied Gold (Agbaou) 89,328
Perseus Mining (Yaoure) 62,125 (2)
Bongouanou
Kossou
Resources
Discoveries
(M oz Au)
Centamin (Doropo) 5.37
Montage Gold (Kone) 4.59
Tietto Minerals (Abujar) 3.34
Endeavour Mining (Fetekro) 2.54
Endeavour Mining (Afema) 2.24
Centamin (ABC) 2.16
Fortuna Silver Mines (Séguela) 1.43
Allied Gold (Bonikro) 1.20
Other Companies Exploring
Group Managem, Resolute Mining, and B2Gold
Numerous billion-dollar buyouts involving gold mines located in Côte d'Ivoire in recent years: Endeavour
purchased SEMAFO for C$1Bn and Teranga Gold for C$2.4Bn, and Fortuna Silver bought Roxgold for C$1Bn.
Source: Capital IQ, Company Filings
(1) Fiscal year 2020 production figures. 31
(2) Production for the year ended June 30, 2021.Management & Board of Directors
Edward Gosselin, Attorney, Director Frank Ricciuti, Chairman & Director
CEO and Founder of KOBO Resources Inc. • Has served as senior executive of two major international
• Member of the Quebec Bar Association since 1984 resources companies and as a director of in excess of 20
companies, including both a number of publicly traded and
• Exercised in private practice for more than 18 years in private Quebec based companies
commercial law, banking litigation, bankruptcy and
insolvency, business restructuring, raising capital for ‘Start- • Served for a number of years as senior executive with two
ups’, director of numerous private entities major Investment Banking firms
• Strategic advisor having acquired more than 20 years of • Has extensive international experience within the mining
experience in the management of high tech, industrial industry and has been directly involved in the raising of
companies and exploration, focusing on Cote d’Ivoire considerable amounts of equity capital
project for the last 9 years
Paul Sarjeant, P.Geo. , Director Gilles Couture, CPA
President + COO of KOBO Resources Inc. Chief Financial Officer
• Professional Geologist with over 35 years experience in • CPA since 1974 and Chartered Accountant; former PwC
mineral exploration, project management, development audit partner overseeing mining, IT, life sciences and
and evaluation throughout the world including Africa communications sectors
• Extensive management experience having served as • Assistant Professor in the Accounting Faculty, Laval
President & CEO for several small cap exploration and University since 2011
development companies • Involved as auditor of numerous companies going public
• Member of the Association of Professional Geoscientists of on the Canadian and American exchanges
Ontario
32Management & Board of Directors (Cont’d)
Jeff Hussey, P. Geo., Director Pierre Boivin, Attorney, Director
• President and COO of Osisko Metals • Lawyer at McCarthy Tetrault and Member of the Quebec
• Professional Geologist with more than 35 years of mining Bar Association since 1981, having a diversified practice
and mineral exploration including 20 years in open pit and focused on mergers and acquisitions, private equity and
underground mining operations for Noranda & related commercial matters across several industries, most
Falconbridge, including the Brunswick No. 12 Mine, Gaspé notably mining, oil and gas and energy on both a domestic
Copper Mines, the Antamina Copper-Zinc Mine in Peru, and international scale
and Raglan Nickel-Copper Mines in Northern Québec • National leader of the firm’s Africa Group, regional leader
• Consultant for numerous projects on behalf of junior of the Global Metals & Mining Group in Québec, partner in
exploration and development companies while fulfilling the firm’s Business Law Group and former Regional
corporate executive roles for clients including Champion Managing Partner of the firm’s Québec City office
Iron Mines • Trusted advisor and known for his ability to form
relationships with many significant players at all levels of
government within the African nations, most notably sub-
Saharan Africa. Strong presence in Africa evidenced by an
impressive client base throughout the continent. Assisted
Patrick Gagnon, Director clients based in Burkina Faso, Senegal, Ivory Coast,
• Former managing partner of GMP Securities - Montreal Guinea, Madagascar and Niger
Branch
• Former President of Palos Wealth Management in
Montreal
• Retired, but still active in the markets
33Appendix
West Africa Gold Mines
1 https://junior miningnetwwork.com/junior-mining-news
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