Cobalt Blue Holdings Ltd. · ASX:COB
Cobalt Blue — Investor Presentation (January 2026)
14 slides from Cobalt Blue's investor presentation, Jan 21, 2026
Slide 1: An Integrated Minerals Processing Platform
ASX: COB | OTC: CBBHF An Integrated Minerals Processing Platform January 2026
Slide 2: Goal – Be Australia’s Premier Cobalt Producer
Goal – Be Australia’s Premier Cobalt Producer Progressing to FID to produce cobalt sulphate for batteries and alloy grade cobalt metal for defence Progressing to environmental permit applications Evaluating minerals processing technology for battery black mass and polymetallic ocean nodules Exposure
Slide 3: Investment ready
Australia’s first cobalt refinery aiming to produce • cobalt metal for the defence industry • cobalt sulphate for lithium-ion batteries Investment ready ✓ Project partner: Iwatani 30% / 70% COB* ✓ FS completed in 2024 ✓ Flowsheet fully piloted, samples available Project Timeline ✓ Glencore feedstock
Slide 4: Targeting 10% of non-FEOC cobalt supply chain
High Purity Cobalt Sulphate Targeting 10% of non-FEOC cobalt supply chain • Speed to market with first operations within 18-24 months • Potential by-products: nickel, manganese, lithium, graphite • Cost advantages through proprietary processing flowsheet Corporate Structure* Refinery Co: 70% interes
Slide 5: Critical for electrification and modern defence
Critical for electrification and modern defence Supply chain vulnerability for advanced manufacturing sectors China controls ~70% mine production, ~80% processing China & FEOC Indonesia DRC US & Allies Global Reserves Mine Production Controlled Mine Production Mineral Processing 0% 20% 40% 60% 80% 1
Slide 6: Largest undeveloped primary cobalt resource in Australia
2023-24 Mine Portal for Sample Ore Ancillary infrastructure ▪ Power, water, rail and road connections to existing networks (onsite renewable power generation also being considered). Largest undeveloped primary cobalt resource in Integrated Waste Landforms Australia, capable of providing enough cobal
Slide 7: Cobalt market in a structural shift
Cobalt market in a structural shift ▪ The DRC 2025 export ban and 2026/27 export quota system is rebalancing the market after +3 years of oversupply ▪ Demand for cobalt from the battery and industrial sectors will grow +5%pa through 2030 ▪ Prices reverting toward long-term averages (50yr avg =$27/lb
Slide 8: Strategic Advantages and Capabilities
Strategic Advantages • A$15m+ investment in developing a facility that has successfully demonstrated all stages of our minerals processing technology. • Ability to complete testwork from bench, pilot, demonstration scale • Process optimisation = more reliable engineering data for studies, shorter ra
Slide 9: Exciting small-scale copper-silver-zinc project
Exciting small-scale copper-silver-zinc project Status • 2025 Scoping Study: 10.5-year LOM, attractive C1 costs, pre-tax NPV ~A$172m, IRR ~28%.* • 250 km² tenement in WA’s Kimberley region • Two major deposits**: Indicated Inferred Cu Zn Ag Onedin 3.7 Mt 0.4 Mt 1.40% 4.20% 25 g/t Sandiego 4.8 Mt - 0
Slide 10: COB Capital Structure
COB Capital Structure As at market close 20 January 2026 Ordinary Shares 583.9m Performance Rights 6.9m Options (expiry 23/4/2027 Ex. Price $0.20) 41.8m Options (expiry 18/9/2028 Ex. Price $0.08) 11.1m Options (expiry 24/9/2028 Ex. Price $0.08) 9.6m Market Cap (undiluted) $52.6m Share Price $0.09 Ca
Slide 11: Compliance Statements
Compliance Statements Information included in this presentation is, in part, extracted from reports available via Assumption Input https://www.cobaltblueholdings.com and referenced in the following Compliance Statements. Cobalt Price US$60,186/t (AU$85,980) The Company confirms that it is not aware
Slide 12: Compliance Statements
Compliance Statements The Mineral Resource estimate for the BHCP deposits (at a 275 ppm CoEq cut-off) detailed by Mineral Resource classification. Note minor rounding errors may have occurred in compilation of this table. Classification Tonnes (Mt) CoEq (ppm) Co (ppm) S (%) Ni (ppm) Contained Co (kt
Slide 13: Compliance Statements
Compliance Statements Mineral Resource estimate for the Onedin deposit detailed Slide 9: The information related to the Halls Creek Earn-In Agreement is extracted from classification ASX Announcement released on 18 February 2025 titled ‘COB Diversifies – Major Copper Project Earn in. The information
Slide 14: Important Notice & Disclaimer
Important Notice & Disclaimer The following notice and disclaimer apply to this investor presentation (Presentation). Forward-looking statements and forecasts You are, therefore advised to read this carefully before reading or making any other use This Presentation contains certain “forward-looking
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