Cobalt Blue Holdings Ltd. · ASX:COB
Cobalt Blue — Investor Presentation (September 2025)
19 slides from Cobalt Blue's investor presentation, Sep 4, 2025
Slide 1: Minerals for Mobility
Minerals for Mobility September 2025
Slide 2: Minerals for Mobility
Minerals for Mobility Critical minerals power the mobile world, but there is a market gap in midstream refining Cobalt Blue is active in battery and electrification commodities, and aims to: Transform resources into opportunities • Unlocking value from diverse feedstocks through proprietary processi
Slide 3: Australia's first refinery aiming to produce cobalt sulphate for batteries and metal for industry/defence
Australia’s first refinery aiming to produce cobalt sulphate for batteries and metal for industry/defence A generational project at the heart of Australia’s rise as a critical minerals superpower R&D facility transitioning into a commercial-scale battery black mass re-processing plant Copper-zinc-si
Slide 4: Executives and Board
Executives and Board Andrew Tong Kelvin Bramley Joel Crane CEO CFO & Company Secretary Commercial Manager / IR Andrew is a metallurgist and inventor with Kelvin has over 20 years experience in Joel is a commodity and economic market over 20 years of experience in project senior finance and commercia
Slide 5: Australia's first dedicated cobalt refinery
Australia’s first dedicated cobalt refinery aiming to produce high-purity cobalt sulphate for the lithium-ion industry and high-grade cobalt metal for defence and industry FID target end-2025 Project partner: Iwatani 30% / 70% COB* Engineering ~90% complete Glencore feedstock contract Typica
Slide 6: Cobalt Prices Poised for Cyclical Recovery
Cobalt Prices Poised for Cyclical Recovery China’s monthly intermediate cobalt imports vs price DRC 2025 Export Ban Rebalancing Market 25 Feb 25 $15 DRC Export Ban Announced 20 $12 Battery/Industrial Demand Soaking Up Surplus 000 tonnes Co equiv 15 $9 US$/lb 10 June 25 $6 US DLA stockpile Ban
Slide 7: Broken Hill Cobalt Project
Demonstration Portal Decline Ancillary infrastructure Power, water, rail and road connections to existing networks (onsite renewable power generation also being considered). One of the world’s largest undeveloped cobalt Integrated Waste Landforms resources, set to become a generational operation
Slide 8: Broken Hill Technology Centre and black mass processing
COB has invested over A$15m in developing a facility that has successfully demonstrated all stages of our minerals processing technology. Supports ongoing R&D activities (KCR, BHCP, Halls Creek, contract testwork) Opportunity to commercially treat domestic black mass into Co, Ni, Mn, Li products
Slide 9: Low-cost copper-zinc-silver project optionality
Optionality for diversified commodity exposure via a low-cost copper-zinc-silver project with near-term exploration planned to test resource growth uplift. Nil-cash acquisition Stage 1 – Onedin open pit design. Scoping Study complete Staged Copper–Zinc Development Stage 1 – Onedin Open Pit / Cu
Slide 10: 12-Month Strategic Vision
12-month Strategic Vision • Grow project into a multi-deposit, long-life copper-zinc-silver operation – leveraging existing infrastructure for capital efficiency & scalability Near-Term Enhancements • Targeted silver recovery (Stage 1) to lift margins • Potential cobalt products (Stage 2) which woul
Slide 11: Corporate work program plan: Next 6-months
Corporate work program plan: Next 6-months 1. Complete Outstanding Milestones to Kwinana Cobalt Refinery FID • Permitting • Offtake negotiations • Consolidating support for project finance 2. Broken Hill Cobalt Project • Finalise obligations to American Rare Earths Limited, former JV partner • Ongoi
Slide 12: COB Capital Structure
COB Capital Structure Capital Structure (as at market close 3 September 2025) Ordinary Shares 444.8m Performance Rights 6.9m Options (expiry 23/4/2027 Ex. Price $0.20) 43.5m Promissory Note (due 1 Oct 2025) $1.0m Market Cap (undiluted) $22.6m Share Price (as at market close 3 September 202
Slide 13: Kwinana Cobalt Refinery Economics
Kwinana Cobalt Refinery Economics Refinery to Provide Stable Returns through the Assumptions (100% owned) LT Assumptions Cobalt Price Cycle Cobalt Price US$/lb $12 current, to $28 by 2031 Estimated EBITDA (A$m) $30 Nickel Price US$/lb 7.50 $26 Exchange Rate AUD:USD 0.68 current, to 0.71 by 2029 Fina
Slide 14: Halls Creek Copper-Zinc-Silver Project
Halls Creek Copper-Zinc-Silver Project Kimberley region of Western Australia, Location 250 km2 tenement package 51% earn-in for $200k COB shares subject to Opportunistic minimum expenditure thresholds, option to Acquisition increase to 75% by 2028 Onedin: 4.8Mt (Indicated) at 0.7% Cu, 3.1% Zn and 38
Slide 15: Halls Creek Financial Parameters, Assumptions & Sensitivities
Halls Creek Financial Parameters, Assumptions & Sensitivities Parameter Estimated outcome 2027 2028 2029 2030 LT Economic evaluation: Copper1 US$/t 10,002 10,550 10,624 10,828 10,022 Pre-tax NPV 8% (real) A$172m Post-tax NPV 8% (real) A$121m Zinc1 US$/t 2,611 2,578 2,523 2,536 2,780 Pre-tax Internal
Slide 16: Compliance Statements
Compliance Statements Information included in this presentation is, in part, extracted from reports available via Assumption Input https://www.cobaltblueholdings.com and is referenced in the following Compliance Statements. Cobalt Price US$60,186/t (AU$85,980) The Company confirms that it is not awa
Slide 17: 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 18: 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 19: Disclaimer
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 statements” and com
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