Cobalt Blue Holdings Ltd. · ASX:COB

Cobalt Blue — Shareholder Meeting (November 2020)

23 slides from Cobalt Blue's shareholder meeting presentation, November 2020

  1. Slide 1: 2020 AGM Company Presentation

    2020 AGM Company Presentation ASX: COB

  2. Slide 2: Cobalt Blue Chairman's Address - AGM 2020

    Cobalt Blue Chairman’s Address - AGM 2020 Good morning, I would like to welcome all Cobalt Blue (COB) shareholders and guests to our 2020 AGM. I am proud to report that over the last 12 months the company has delivered solid developmental milestones. Firstly, in January 2020, COB acquired 100% of th

  3. Slide 3: Chairman's Address (continued)

    I would also like to take this opportunity to thank the Cobalt Blue management team and my fellow directors for their hard work and commitment during this year. Our view remains, that despite the current lull in the cobalt price, the business will continue to progress the core Broken Hill Cobalt Pro

  4. Slide 4: Cobalt Blue (COB)

    Cobalt Blue (COB) Our focus is on meeting future energy storage needs by:  Developing a significant global cobalt resource, the Broken Hill Cobalt Project (BHCP):  Project Update 2020: ↑ Increased Ore Reserve. ↑ Longer Operating Life. ↓ Capital Costs. ↓ Operating Costs.  Providing a reliable sour

  5. Slide 5: BHCP - strong investment fundamentals

    BHCP - strong investment fundamentals Australia’s largest cobalt sulphide deposit - a top 10 global cobalt mine  Project life target is +20 years.  Politically stable jurisdiction. Established infrastructure in a mining district. Flexible, low cost production  Cobalt sulphate production from MHP

  6. Slide 6: BHCP – outstanding capital efficiency

    BHCP – outstanding capital efficiency New global projects running at 3 to 4x COB capital intensity 4

  7. Slide 7: BHCP in the global cobalt value chain

    BHCP in the global cobalt value chain Cobalt Products & Payables: Project Product Australian Government - Development Support Source: Cobalt Blue Holdings Limited 5

  8. Slide 8: A significant Australian project

    A significant Australian project Broken Hill Cobalt Project (BHCP) Overview:  Targeted project life +20 years:  Mineral Resource 123 Mt for 81,400 t cobalt*, with significant expansion potential via exploration and acquisition.  3,500+ tpa of cobalt (as cobalt sulphate).  300,000 tpa of elementa

  9. Slide 9: BHCP – significant logistical advantages

    BHCP – significant logistical advantages Broken Hill - people, power, water, road and rail benefits. Source: Cobalt Blue Holdings Limited 7

  10. Slide 10: Mineral Resource Summary

    Mineral Resource Summary Category Mt = Coppm — GoEq (ppm) — Fe (%) = S(%) — Pyrite (%) © Contained Co (t) Py (Mt) Pyrite Hill | Cut-off Grade 275 ppm CoEq Measured 18 928 1094 10.7 9.9 19 17,100 3 Indicated 8 700 827 96 76 14 5,800 1 Inferred 7 811 957 10.4 87 16 5,700 1 Total 34 847 1000 10.4 of 17

  11. Slide 11: BHCP – MHP

    BHCP – MHP BHCP - Mixed Hydroxide Product (MHP)  High Grade: 37% cobalt.  Byproduct Credit: 7% nickel.  Low trace metal impurities – Cu, Fe, Mn.  Trading terms minimum grade is 30% Co content. Typical content from testwork: Ca Co Cl Cu Fe Mn Ni Zn 2.5 % 37 % 7% 0.01 % 0.07 % 0.85 % 7% 0.1 % MHP

  12. Slide 12: BHCP – Cobalt Sulphate

    BHCP – Cobalt Sulphate BHCP – Cobalt Sulphate Heptahydrate (CoSO4.7H20)  High Grade: 20.8% cobalt.  Low trace metal impurities. Source: Cobalt Blue Holdings Limited 10

  13. Slide 13: BHCP – Elemental Sulphur

    BHCP – Elemental Sulphur BHCP – Elemental Sulphur  >99% purity (max 0.2% Fe, 0.5% SiO2)  Physical Form: Prills (2 – 5 mm)  Australia: 1mtpa deficit market:  fertiliser feedstock (55%)  metallurgical consumption (43%) Source: Cobalt Blue Holdings Limited 11

  14. Slide 14: BHCP – Scale of Metallurgical Testwork

    BHCP – Scale of Metallurgical Testwork Scaling testwork - growing confidence in the COB Process Study Level Period Concentrate Circuit Pyrolysis Circuit Leaching/Purification Scoping Study FY2017 20-30 kg Lab scale 1 kg Lab scale 1 kg Lab scale Pre-Feasibility Bulk trial in 2-3 kg FY2018 820 kg 100

  15. Slide 15: BHCP - Cobalt Sulphate Production Flowsheet

    BHCP - Cobalt Sulphate Production Flowsheet Source: Cobalt Blue Holdings Limited 13

  16. Slide 16: Strategic Partners

    Strategic Partners Existing Partnerships - LG International and Mitsubishi Corporation. Source: Cobalt Blue Holdings Limited Cobalt products assessment includes Sojitz Corporation + others (under NDA). 14

  17. Slide 17: COB Partnerships

    COB Partnerships Commercialising the COB Process:  COB Process (technology) is a patented asset.  Short-term:  understanding market size - proving the COB Process works for different styles of mineralisation.  consulting fees.  Long-term:  project participation.  joint marketing of cobalt pro

  18. Slide 18: Australian Critical Minerals

    Australian Critical Minerals Assisting in the development of Australia’s battery capabilities Participating with Australian industry and researchers to develop processing pathways for refined battery raw materials. A$1.57m grant awarded from CRC-Project Program Round 8. COB led consortium for pilot

  19. Slide 19: Cobalt Blue Holdings – ASX listed

    Cobalt Blue Holdings – ASX listed ASX: COB  Cobalt exploration and development company. Commodities:  Cobalt and Sulphur Capital Structure:  Ordinary Shares at 20/11/2020: 237.5m  Options (unlisted): 5.9m  Convertible Note1 (3yr to 2023): $1.0m  Promissory Note2 (5yr to 2025): $3.0m  Market C

  20. Slide 20: The Cobalt Blue Team

    The Cobalt Blue Team “Extensive expertise - mineral development, investment management, corporate law and energy storage.” Independent Chairman – Robert Biancardi  IBM, Citibank, Westpac and Evolution Healthcare (senior management and director).  Numerous directorships of private companies includi

  21. Slide 21: Disclaimer

    Disclaimer DISCLAIMER Information contained in this confidential document (“Presentation”) has been prepared by Cobalt Blue Holdings (the “Company”). It has not been fully verified and is subject to material updating, revision and further amendment. While the information contained herein has been pr

  22. Slide 22: Compliance Statements

    Compliance Statements COB confirms it is not aware of any new information or data that materially affects the information included in the relevant market announcements. In the case of Mineral Resources, Ore Reserves and production targets, all material assumptions and technical parameters underpinni

  23. Slide 23: Compliance Statements

    Compliance Statements Slide 6 (continued): The Ore Reserve estimate, production target (including forecast production parameters) and metallurgical results are as released in the market announcement titled ‘Broken Hill Cobalt Project (BHCP) Project Update 2020’. Slide 7: The forecast financial infor

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