Cobalt Blue Holdings Ltd. · ASX:COB
Cobalt Blue — Technical Presentation (June 2022)
40 slides from Cobalt Blue's technical presentation, Jun 21, 2022
Slide 1: Analyst Site Visit Broken Hill Cobalt Project
21 June 2022 For personal use only Analyst Site Visit Broken Hill Cobalt Project
Slide 2: CEO Joe Kaderavek
For personal use only CEO Joe Kaderavek
Slide 3: Our Aim: Australian Ethical Cobalt Producer
Our Aim: Australian Ethical Cobalt Producer For personal use only The directly integrated BHCP solution offers a vastly superior emission footprint and ethical value chain over alternatives 1. Volume certainty: Long life, large volume cobalt supply. BHCP represents 10% of non-DRC cobalt supply by 20
Slide 4: BHCP: Capital Structure
BHCP: Capital Structure For personal use only Capital Structure: Ordinary Shares at 20/06/2022: 321.2m Options (unlisted): 19.0m Promissory Note1 (5yr to 2025): $3.0m Market Cap (undiluted): $191m Share Price: Share Price at 20/06/2022 : $0.595 1. 3 years interest free, then 6% pa interest
Slide 5: BHCP: Where we stand
BHCP: Where we stand For personal use only 5 Source: Cobalt Blue Holdings Limited
Slide 6: BHCP: Strategic Outlook
BHCP: Strategic Outlook For personal use only Building on existing commercial partnerships… LG International: First Mover partnership provides capital and technical assistance on high purity battery grade cobalt sulphate. Cooperative Research Centre & Future Batteries Industries (FBI) project to
Slide 7: Australian battery supply chain?
Australian battery supply chain? For personal use only Global battery grade sulphate capacity, 2023 (Kt Co) ASX: COB 7 Source: Cobalt Blue Holdings Limited
Slide 8: Andrew Tong Executive & Technical Manager
For personal use only Andrew Tong Executive & Technical Manager
Slide 9: BHCP: Integrated mine and refinery
BHCP: Integrated mine and refinery For personal use only Project 17-year project life (current estimates) C1 cash cost US$9.34/lb cobalt, ASIC US$12.13/lb cobalt Annual production 3,500 t cobalt, as MHP or CoSO4 (cobalt sulphate) Annual production 300,000 t elemental sulphur Processing Minin
Slide 10: The Pilot Plant > Demonstration Plant
The Pilot Plant > Demonstration Plant For personal use only 4Q 2021 – Operations of the Pilot Plant finalised 25 samples of MHP / CoSO4 sent to prospective clients in Korea, Japan, India, and Europe Performance informed demonstration plant design 2Q 2022 – Demonstration plant commissioning comme
Slide 11: BHCP Flowsheet
BHCP Flowsheet For personal use only ASX: COB 11 Source: Cobalt Blue Holdings Limited
Slide 12: BHCP: Capital and Operating Costs
BHCP: Capital and Operating Costs For personal use only LOM Operating Costs Pre-Production Capital Costs (A$m) Cobalt Sulphate ~US$12.13/lb (ASIC) Process Plant $343 (60%) Cobalt Hydroxide (MHP) ~US$9.34/lb (C1) Economic resilience (px vs LT) Infrastructure $137 (24%) Mine Development $38 (7%)
Slide 13: BHCP: MHP
BHCP: MHP For personal use only BHCP – Co-Ni Mixed Hydroxide Product (MHP) High Grade: 37% cobalt. Byproduct Credit: 7% nickel. Low trace metal impurities – Cu, Fe, Mn. Trading terms typical grade is 30% Co content. Typical content from testwork: Ca Co Cl Cu Fe Mn Ni Zn 2.5 % 37 % 7% 0.01 %
Slide 14: BHCP: Cobalt Sulphate
BHCP: Cobalt Sulphate For personal use only BHCP – Cobalt Sulphate Heptahydrate (CoSO4.7H2O) High Grade: 20.8% cobalt. Low trace metal impurities. ASX: COB 14 Source: Cobalt Blue Holdings Limited
Slide 15: BHCP: Elemental Sulphur
BHCP: Elemental Sulphur For personal use only 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%) ASX: COB 15 Source: Cobalt Blue Holdings Limited
Slide 16: BHCP: Proposed site layout
BHCP: Proposed site layout For personal use only ASX: COB 16 Source: Cobalt Blue Holdings Limited
Slide 17: Adam Randall Demonstration Plant Manager
For personal use only Adam Randall Demonstration Plant Manager
Slide 18: Demonstration Plant Update: Pyrite Hill
Demonstration Plant Update: Pyrite Hill For personal use only Decline development has been completed with the first 1,000t of ore delivered to surface for processing Staged commissioning of the site concentrator to commence shortly. ASX: COB 18 Source: Cobalt Blue Holdings Limited
Slide 19: Pyrite Hill Bulk Sample Operations
Pyrite Hill Bulk Sample Operations For personal use only Pyrite Hill Bulk Sample ROM Ore primary crushing in progress. ROM ore is crushed through jaw crusher to <75mm, then cone crusher to <22mm. That is then screened over a 4.5mm screen. ASX: COB 19
Slide 20: Pyrite Hill Bulk Sample Operations
Pyrite Hill Bulk Sample Operations For personal use only Fine screened material. Although the screen aperture is 4.5mm, Diagram of the roller mill the material that passes the screen is mostly much finer. This is then fed into the roller mill to reduce all particles to <1.2mm. ASX: COB 20
Slide 21: Pyrite Hill Bulk Sample Operations
Pyrite Hill Bulk Sample Operations For personal use only Concentrate plant – spirals and flotation ASX: COB 21
Slide 22: Demonstration Plant Update: Broken Hill Plant
Demonstration Plant Update: Broken Hill Plant For personal use only Filtration plant assembly complete ASX: COB 22 Source: Cobalt Blue Holdings Limited
Slide 23: Pressure Leach circuit
Pressure Leach circuit For personal use only Left: Upgraded Pox circuit installed. Right: New design for flash vessel incorporates agitator ASX: COB 23
Slide 24: Pressure Iron Oxidation circuit
Pressure Iron Oxidation circuit For personal use only Upgraded high pressure iron oxidation circuit installed. This new circuit provided additional processing capacity to oxidise and precipitate iron in multiple stages. Temporary cabling installed for initial commissioning runs. ASX: COB 24
Slide 25: Kiln being delivered to site
Kiln being delivered to site For personal use only ASX: COB 25
Slide 26: BHCP: Stakeholder engagement
BHCP: Stakeholder engagement For personal use only Unanimous local support – BHCP offers a long-term community future BHCP offers locals, community groups Source: Cobalt Blue Holdings Limited and businesses : Direct jobs Economic development Training and education Population retention Substa
Slide 27: Heath Porteous Exploration Manager
For personal use only Heath Porteous Exploration Manager
Slide 28: The Geology
The Geology For personal use only The Broken Hill cobalt deposits comprise stratabound units of moderate to steeply dipping, pyritic quartz-albite gneiss. The mineralisation forms three deposits; Pyrite Hill, Big Hill & Railway. Mineralisation generally comprises 10–35% sulphides (almost exclu
Slide 29: Mineral Resources & Ore Reserves
Mineral Resources & Ore Reserves For personal use only Mineral Resource Ore Reserve The Measured and Indicated Mineral Resources are inclusive of those Mineral Resources modified to produce the Ore Reserve. ASX: COB 29 Source: Cobalt Blue Holdings Limited
Slide 30: Resource & Reserve Development
Resource & Reserve Development For personal use only 30,000m drilling since 2016 – resource growth reflecting 195% increase in contained Co. Measured and Indicated resources make up approximately 65% of the current Mineral Resource. Technical study advancement: July 2017: Scoping Study. Ju
Slide 31: Bruce Blunden Approvals Manager
For personal use only Bruce Blunden Approvals Manager
Slide 32: Government & Approvals
Government & Approvals For personal use only State Significant Development Conceptual Planning Development Plan approved in 2020. Scoping Report submitted in 2020. Secretary’s Environmental Assessment Requirements (SEARs) provided by DPIE in 2020, updated in Feb 2022. EIS: estimate 1.5 years
Slide 33: Government & Approvals cont..
Government & Approvals cont.. For personal use only Land access Meeting with BH Local Aboriginal Land Council mid-June – water connection point and EIS Assessment of utilities easement Federal Government Critical Minerals Facilitation Office & Future Battery Industries CRC Critical Minerals
Slide 34: Andrea Roberts Communications & Engagement Manager
For personal use only Andrea Roberts Communications & Engagement Manager
Slide 35: On the shoulder of giants
On the shoulder of giants For personal use only The people of Broken Hill are Behind the rise of some of the world’s largest mining known for their self-reliance. companies – BHP, Rio Tinto, Pasminco. They are deeply connected to Discovered in1883, one of the world’s largest silver, their herita
Slide 36: Residential Workforce
Residential Workforce For personal use only ASX: COB 36 Source: Cobalt Blue Holdings Limited
Slide 37: 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 38: Compliance Statements
Compliance Statements For personal use only Slide 13: The metallurgical results are as released on 28 April 2020 in the market announcement titled ‘Mixed Hydroxide Product (MHP) testwork delivers premium product’ and further described in the market announcement released on 16 July 2020 titled ‘Broke
Slide 39: Compliance Statements
Compliance Statements For personal use only Slide 29: The Ore Reserve estimate and production target is as released in the market announcement titled ‘Broken Hill Cobalt Project (BHCP) Project Update 2020’. The Mineral Resource estimate is as released on 16 September 2021 in the market announcement
Slide 40: Compliance Statements
Compliance Statements For personal use only Slide 32: Information related to the State Significant Development application is as released in the following market announcements: 28 January 2020 – ‘Broken Hill Cobalt Project – State Significant Development (SSD) Application Commences’ 19 December
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