Canadian Cobalt Exploration company diversified across 3 different cobalt mineralisation regions of Canada

Local Exploration and Geological team with extensive Nickel/Copper/Cobalt/Gold experience

Favourable nearby custom milling options, close proximity to operating mines and infrastructure  

Experienced Board and Management team who have taken exploration projects in Canada into mine production

• Low EV of $5m well priced structure @ $10m market cap with $5m cash.
• Very lean and tightly run small company with a singular focus on developing its 3 main Cobalt-Gold-Nickel projects in Canada. 
• Previous Gold-Copper-Cobalt and Nickel-Copper-Cobalt results 
• A number of open mine shafts ready to diamond core drill
• Availability to immediate custom milling options
• Nearby Mine operations and excellent mining infrastructure   

KEY OFFER STATISTICS

OVERVIEW OF ICR LIMITED

ICR was primarily formed to identify, secure, fund exploration and develop prospective cobalt projects and secondly nickel and gold projects in proven geographical regions of Canada.

The company has secured mining tenements in the Sudbury and Larder Lake mining districts of North Eastern Ontario and the exclusive rights to acquire mining tenements within the Ville-Marie area of Western Quebec.

The projects, called the Blue Mac cobalt-gold project (‘Blue Mac Project’) and Dickson cobalt project (‘Dickson Project’) located in Ontario, Canada and the Bambino copper-nickel-cobalt project (‘Bambino Project’) located in Quebec, Canada, will be the key focus of exploration activities moving forward for the next two (2) years for ICR (collectively the ‘Projects’).

Summary of the Projects:

• Blue Mac Project: located approximately 28km northeast of Sudbury, Ontario, Canada a premiere nickel sulphide and cobalt district. The project is comprised of thirty-one (31) granted exploration licences with a combined area of 5.25km². The exploration licences have been maintained in good standing;
• Dickson Project: located in the Bucke Township, 3km south of the town of New Liskeard on the west shore of Lake Timiskaming. The project is comprised of eleven (11) granted exploration licences with a combined area of 2.42km². The exploration licences have been maintained in good standing;
• Bambino Project: located within the Ville-Marie area of Western Quebec, Canada approximately 20km northeast of Ville-Marie. The project comprises thirty-four (34) granted exploration licences with a combined area of 19.61km². The exploration licences have been maintained in good standing.

PURPOSE OF FUNDS

The purpose of the Offer and the proposed use of funds raised from the Offer is to:

1. fund the Milestone payments pursuant to the Quebec Agreement;
2. fund the exploration and development of the Projects;
3. fund the annual maintenance costs associated with the Projects;
4. fund the expenses of the Offer and the associated costs of listing ICR on ASX;
5. meet the ongoing administrative costs of ICR and provide working capital;
6. provide a liquid market for Shares and an opportunity for new Shareholders to invest in ICR;
7. provide ICR with access to the equity capital markets; and
8. provide the next two (2) years of working capital for ICR.

In conjunction with the Offer, ICR is seeking admission to the Official List and quotation of its Shares.