Cobalt Blue Holdings Ltd. · ASX:COB
Cobalt Blue — Investor Presentation (June 2021)
32 slides from Cobalt Blue's investor presentation, Jun 10, 2021
Slide 1: Company Presentation June 2021
June 2021 Company Presentation For personal use only ASX: COB
Slide 2: Cobalt Blue Holdings – Capital Structure
Cobalt Blue Holdings – Capital Structure For personal use only ASX: COB Cobalt exploration & development company. Commodities: Cobalt and Sulphur Capital Structure: Ordinary Shares at 09/06/2021: 248.2m Options (unlisted): 8.8m Promissory Note (5yr to 2025): $3.0m 1 Market Cap (undiluted
Slide 3: Globally Significant Project
Globally Significant Project For personal use only 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). 300,0
Slide 4: Investment fundamentals
BHCP - investment fundamentals Australia’s largest cobalt sulphide deposit - a top 10 global cobalt mine For personal use only Project life target is +20 years. Politically stable jurisdiction. Established infrastructure in a mining district. Flexible, low cost production Cobalt sulphate produ
Slide 5: Project Metrics
BHCP – Project Metrics For personal use only Financials* Pre-Tax NPV7.5 A$861m (IRR 23%) Post Tax NPV7.5 A$554m (IRR 19%) Payback: 4.5 years EBITDA A$3.05B generated LOM (Co: US$27.5/lb, S US$145/t, Ni US$6.0/lb, FX A$ $0.70) Parameters ~3,500 tpa cobalt sulphate 300,000 tpa sulphur 17
Slide 6: Capital and Operating Costs
BHCP – Capital and Operating Costs For personal use only Capital Costs LOM Operating Costs All in pre-production : A$560m Cobalt Sulphate ~US$12/lb (ASIC) (incl $70m contingencies) Cobalt Hydroxide (MHP) ~US$9/lb (ASIC) Globally lowest quartile costs Life of Mine Capital Breakdown Operating
Slide 7: Operating Costs
BHCP – Operating Costs For personal use only All In Sustaining Costs - lowest quartile of global producers *Project Update 2020 - Value Engineering Study including nickel credits. Source: Cobalt Blue Holdings Limited 7
Slide 8: Significant logistical advantages
BHCP – significant logistical advantages Broken Hill - people, power, water, road and rail benefits. For personal use only Source: Cobalt Blue Holdings Limited 8
Slide 9: Mineral Resource Summary
Mineral Resource Summary For personal use only 9
Slide 10: Cobalt Sulphate Production Flowsheet
BHCP - Cobalt Sulphate Production Flowsheet For personal use only Source: Cobalt Blue Holdings Limited 10
Slide 11: Scale of Metallurgical Testwork
BHCP – Scale of Metallurgical Testwork For personal use only 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
Slide 12: Timeline
BHCP – Timeline For personal use only The BHCP development timeline is shown below: Source: Cobalt Blue Holdings Limited 12
Slide 13: The Cobalt Blue Team
The Cobalt Blue Team For personal use only “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 pri
Slide 14: Appendix
For personal use only Appendix
Slide 15: Position in the global cobalt value chain
BHCP in the global cobalt value chain For personal use only Cobalt Products & Payables: Project Product Australian Government - Development Support Source: Cobalt Blue Holdings Limited 15
Slide 16: MHP
BHCP – MHP For personal use only 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
Slide 17: Cobalt Sulphate
BHCP – Cobalt Sulphate BHCP – Cobalt Sulphate Heptahydrate (CoSO4.7H20) For personal use only High Grade: 20.8% cobalt. Low trace metal impurities. Source: Cobalt Blue Holdings Limited 17
Slide 18: Elemental Sulphur
BHCP – Elemental Sulphur BHCP – Elemental Sulphur For personal use only >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 18
Slide 19: Outstanding capital efficiency
BHCP – outstanding capital efficiency For personal use only New global projects running at 3 to 4x COB capital intensity 19
Slide 20: Strategic Partners
Strategic Partners For personal use only Existing Partnerships - LG International and Mitsubishi Corporation. Source: Cobalt Blue Holdings Limited Cobalt products assessment includes Sojitz Corporation + others (under NDA). 20
Slide 21: COB Partnerships
COB Partnerships For personal use only 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 m
Slide 22: Australian Critical Minerals
Australian Critical Minerals For personal use only 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
Slide 23: Pilot Plant - Concentrate Circuit
Pilot Plant - Concentrate Circuit For personal use only Source: Cobalt Blue Holdings Limited 23
Slide 24: Pilot Plant - Leach Circuit
Pilot Plant - Leach Circuit For personal use only Source: Cobalt Blue Holdings Limited 24
Slide 25: Pilot Plant - Leach Circuit (II)
Pilot Plant - Leach Circuit (II) For personal use only Source: Cobalt Blue Holdings Limited 25
Slide 26: Pilot Plant - Calcine Circuit
Pilot Plant - Calcine Circuit For personal use only Source: Cobalt Blue Holdings Limited 26
Slide 27: Pilot Plant - Product Recovery Circuit
Pilot Plant - Product Recovery Circuit For personal use only Source: Cobalt Blue Holdings Limited 27
Slide 28: Compliance Statements
Compliance Statements For personal use only 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
Slide 29: Compliance Statements
Compliance Statements For personal use only Slide 3 (continued): The Ore Reserve estimate, production target and metallurgical results are as released in the market announcement titled ‘Broken Hill Cobalt Project (BHCP) Project Update 2020’ available to view at https://www.cobaltblueholdings.com/. S
Slide 30: Compliance Statements
Compliance Statements For personal use only Slide 17: The metallurgical results are as released on 28 July 2020 in the market announcement titled ‘BHCP testwork High purity cobalt and sulphur products’ and further described in the market announcement released on 16 July 2020 titled ‘Broken Hill Coba
Slide 31: Disclaimer
Disclaimer For personal use only 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 contai
Slide 32: Disclaimer
Disclaimer For personal use only 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 contai
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