Cobalt Blue Holdings Ltd. · ASX:COB
Cobalt Blue — Investor Presentation (November 2022)
26 slides from Cobalt Blue's investor presentation, Nov 7, 2022
Slide 1: Capital Raising Investor Presentation
November 2022 For personal use only Capital Raising Investor Presentation
Slide 2: Important Notice & Disclaimer
Important Notice & Disclaimer For personal use only Overview This presentation (Presentation) is issued by Cobalt Blue Holdings Limited ACN 614 466 607 (Company) on 4 November 2022 and has been prepared in relation to a placement of new ordinary shares in the Company (New Shares) to ‘sophisticated’
Slide 3: Important Notice & Disclaimer (continued)
Important Notice & Disclaimer (continued) For personal use only Forward-looking statements This Presentation may contain certain forward-looking statements. Forward-looking statements can generally be identified by the use of forward looking words such as ‘anticipate’, ‘believe’, ‘expect’, ‘project’
Slide 4: Contents
Contents For personal use only 1. Executive summary 2. Business overview 3. Equity raising 4. Foreign selling restrictions Appendix: Key risks ASX: COB 4
Slide 5: Executive summary
1. Executive summary For personal use only Announcement of up to $16m equity raise: COB is seeking to raise $14 -16m by way of a placement to sophisticated and institutional investors (Placement) and a 1:10 Non-Renounceable Entitlement Offer (Entitlement Offer) to support COB’s development opportu
Slide 6: Business overview
For personal use only 2. Business overview ASX: COB 6
Slide 7: Our ethical cobalt supply
Our Aim: Clean, ethical cobalt supply For personal use only BHCP offers ethical Australian sourced cobalt • 3 tenements covering 49 km2 host cobalt bearing pyrite deposits with a combined Mineral Resource Estimate of 118 Mt* for contained 81.1 kt cobalt. • Forecast 17** year life of mine with expect
Slide 8: BHCP: People, power, water, road & rail benefits
BHCP: People, power, water, road & rail benefits For personal use only Source: Cobalt Blue Holdings Limited ASX: COB 8 Source: Cobalt Blue Holdings Limited
Slide 9: BHCP: Progress + Targets
BHCP: Progress + Targets For personal use only ASX: COB 9 Source: Cobalt Blue Holdings Limited
Slide 10: BHCP: Timeline on track
BHCP: Timeline on track For personal use only ASX: COB 10
Slide 11: BHCP: Cobalt Sulphate Production Flowsheet
BHCP: Cobalt Sulphate Production Flowsheet For personal use only ASX: COB 11 Source: Cobalt Blue Holdings Limited
Slide 12: BHCP: Pilot Plant => Demonstration Plant
BHCP: Pilot Plant => Demonstration Plant For personal use only Study Level Period Concentrate Circuit Pyrolysis Circuit Leaching/Purification Pilot Plant 2021 45–50 t Continuous pilot circuit Up to Commercial sized furnace Up to Pilot equipment 2–3 t/hr 15 t 100–150 kg/hr 15 t 1t batches Demonstrati
Slide 13: 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 14: Cobalt Blue: Who We Are
Cobalt Blue: Who We Are 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 priv
Slide 15: Equity raising details
For personal use only 3. Equity raising details ASX: COB 15
Slide 16: Key details of the equity raise
Key details of the equity raise For personal use only Equity raising size and structure • Approximately $4 million placement to sophisticated and institutional investors (Placement) • A 1 for 10 pro rata non-renounceable entitlement offer to raise approximately $10-$12m (Entitlement Offer) Offer pri
Slide 17: Sources and uses of Equity raising proceeds
Sources and uses of Equity raising proceeds For personal use only Sources Placement A$4m Entitlement Offer A$10-12m Total sources: A$14-16m Use of funds In July 2022 the Company announced that after an extensive process a team of leading engineering firms had been selected to carry out Definitive Fe
Slide 18: Offer timetable
Offer timetable For personal use only Event Date Trading halt commences Thursday 3 November 2022 Trading halt ends Monday 7 November 2022 Announcement of results of Placement and of Entitlement Monday 7 November 2022 Offer Record Date for determining Entitlements to subscribe for Thursday 10 Novembe
Slide 19: Foreign selling restrictions
Foreign selling restrictions For personal use only If you are in New Zealand, you : a) are a person who i. is an investment business within the meaning of clause 37 or Schedule 1 of the Financial Markets Conduct Act 2013 (New Zealand) (the FMC Act); ii. meets the investment activity criteria specifi
Slide 20: Appendix: Key risks
For personal use only Appendix: Key risks ASX: COB 20
Slide 21: Risk factors
Risk factors For personal use only Introduction The New Shares the subject of the Offer should be considered speculative because of the nature of the Company’s business. There are numerous risk factors involved with the Company’s business. Some of these risks can be mitigated by the use of safeguard
Slide 22: Risk factors (continued)
Risk factors (continued) For personal use only Management retention – The Company is reliant on its team of employees and consultants. There is a risk that the Company may not be able to retain those key personnel or be able to find effective replacements for those key personnel in a timely manner.
Slide 23: Risk factors (continued)
Risk factors (continued) For personal use only The Mineral Resources estimate is summarised below by classification. CoEq Contained Contained Contained Classification Mt Co (ppm) S (%) Ni (ppm) (ppm) Co (kt) S (kt) Ni (kt) BHCP (inclusive of Pyrite Hill, Railway & Big Hill) Measured 18 1,276 1,030 1
Slide 24: Risk factors - general risks
Risk factors - general risks For personal use only General Economic Conditions Economic conditions, both domestic and global, may affect the performance of the Company. Factors such as fluctuations in currencies, commodity prices, inflation, interest rates, supply and demand and industrial disruptio
Slide 25: Risk factors - general risks (continued)
Risk factors - general risks (continued) For personal use only Competition Risks The industry in which the Company is involved is subject to domestic and global competition. Although the Company will undertake all reasonable due diligence in its business decisions and operations, the Company will ha
Slide 26: Compliance Statements
Compliance Statements For personal use only 1. The production target parameters including the forecast life of mine (LOM) derived from the Project Status Update are as released on 16 July 2020 in the market announcement titled ‘Broken Hill Cobalt Project (BHCP) Project Update 2020’. The Production
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