Cobalt Blue Holdings Ltd. · ASX:COB
Cobalt Blue — Investor Presentation (May 2020)
40 slides from Cobalt Blue's investor presentation, May 4, 2020
Slide 1: 1H 2020 Company Presentation
1H 2020 Company Presentation For personal use only ASX:COB
Slide 2: Cobalt Blue Holdings Limited – ASX listed
Cobalt Blue Holdings Limited – ASX listed For personal use only ASX:COB Cobalt exploration and development company. Commodities: Cobalt and Sulphur Capital Structure: Ordinary Shares at 4/05/2020: 160.0m Options (ASX Code: COBO): 7.5m Convertible Note (3 year): $1.0m Promissory Note (5 y
Slide 3: Introducing Cobalt Blue (COB)
Introducing Cobalt Blue (COB) For personal use only Focus is on meeting future energy storage needs by: Developing a significant global cobalt resource, the Broken Hill Cobalt Project (BHCP). Providing a reliable source of ethical cobalt. Pursuing new cobalt opportunities. Developing advance
Slide 4: A Globally Significant Australian Project
A Globally Significant Australian Project For personal use only Broken Hill Cobalt Project (BHCP) Overview: Targeted project life >20 years: Mineral Resource 111 Mt for 79,500 t cobalt, with significant expansion potential via exploration and acquisition. 3,500+ tpa of cobalt (as cobalt sulpha
Slide 5: Status: achievements and near-term targets
BHCP - Status For personal use only Achievements and near-term targets: Scoping Study (2017), Pre-Feasibility Study (2018). 100% BHCP ownership (2019). Corporate Partnerships (2018/2019/2020). Australian Government (Research + Commercial) support (2020). Pilot Plant (2020). Updated Ore R
Slide 6: Strong investment fundamentals
BHCP - strong investment fundamentals For personal use only Australia’s largest cobalt sulphide deposit - a top 10 global cobalt mine Resource 111 Mt @ 715 ppm Co & 7.8% S, for 79,500 t Co & 8.7 Mt S. Politically stable jurisdiction. Established infrastructure in an established mining district
Slide 7: Strong logistical advantages
BHCP – strong logistical advantages For personal use only Broken Hill - significant people, power, water, road and rail benefits. Source: Cobalt Blue Holdings Limited 7
Slide 8: Timeline shows steady progress
BHCP – timeline shows steady progress For personal use only The BHCP development timeline is shown below: Source: Cobalt Blue Holdings Limited 8
Slide 9: MHP a premium product
BHCP – MHP a premium product BHCP - Mixed Hydroxide Product (MHP): For personal use only • High Grade: 37% cobalt. • Byproduct Credit: 7% nickel. • Low impurities. Source: Cobalt Blue Holdings Limited MHP and Cobalt Sulphate Markets Source: Cobalt Blue Holdings Limited 9
Slide 10: 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 10
Slide 11: New Business Development
New Business Development For personal use only By leveraging: Industry knowledge. Technical competencies. Strategic industry and government partnerships. New opportunities in the battery materials sector will be originated. 11
Slide 12: Partnerships – Cobalt & Sulphur
Partnerships – Cobalt & Sulphur For personal use only COB – established partnerships with LG International and Mitsubishi Corporation. Source: Cobalt Blue Holdings Limited Cobalt products assessment includes Sojitz Corporation + others (under NDA). 12
Slide 13: Introducing COB Partnerships
Introducing COB Partnerships For personal use only Commercialising the COB Process: COB Process (technology) is a (patent protected) asset. Initial rollout: understanding market size - proving the COB Process works for different styles of mineralisation and tailings globally. consulting fees
Slide 14: The Cobalt Blue Team
The Cobalt Blue Team For personal use only “Extensive expertise in mineral exploration and mine development, investment management, corporate law and energy storage.” Independent Chairman – Robert Biancardi IBM, Citibank, Westpac and Evolution Healthcare (senior management and director). Numerou
Slide 15: Appendix
Appendix For personal use only Additional material: • BHCP project description. • COB Partnerships. • EV market. • Energy Storage System (ESS) market.
Slide 16: Cobalt Sulphate Production Flowsheet
BHCP - Cobalt Sulphate Production Flowsheet For personal use only Source: Cobalt Blue Holdings Limited 16
Slide 17: BHCP - Concentrate Circuit Pilot Trial
For personal use only 17 BHCP - Concentrate Circuit Pilot Trial Source: Cobalt Blue Holdings Limited
Slide 18: 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 19: Significant Defined Resources
BHCP - Significant Defined Resources For personal use only Source: Cobalt Blue Holdings Limited 19
Slide 20: Mineral Resource
BHCP - Mineral Resource For personal use only (CoEq = Co ppm + S % * 22.235). Data is reported to significant figures to reflect appropriate precision and may not sum precisely due to rounding. Source: Cobalt Blue Holdings Limited These estimates of Mineral Resources were first announced by Cobalt B
Slide 21: Resilient C1 cash costs (PFS)
BHCP - Resilient C1 cash costs (PFS) For personal use only 2018 Source: Cobalt Blue Holdings Limited 21
Slide 22: Ore Reserve and PFS Site Layout
BHCP - Ore Reserve and PFS Site Layout For personal use only Source: Cobalt Blue Holdings Limited These Ore Reserves and production target were first announced in ASX announcement ‘Thackaringa Cobalt Project Pre-Feasibility Study’ on 4 July 2018. The Company is not aware of any new information or da
Slide 23: Ore Reserve
BHCP - Ore Reserve For personal use only Source: Cobalt Blue Holdings Limited Minor rounding errors may have occurred in the compilation of this table The Ore Reserve estimate is as released 4 July 2018 ‘Thackaringa Pre-Feasibility Study Announced’. The estimate is based on and inclusive of the Mine
Slide 24: Post PFS Options Studies FY19-20
BHCP - Post PFS Options Studies FY19-20 For personal use only Target 20+ year mine life via exploration and growth of mineral resources. Metallurgical pilot plant trials on 90 t of ore samples to produce cobalt sulphate and elemental sulphur for market assessment. Evaluation of power demand an
Slide 25: COB Partnerships - Project Evaluation (1)
COB Partnerships - Project Evaluation (1) For personal use only OZ Minerals Ltd (ASX:OZL) – Location of Carrapateena Carrapateena testwork agreement: Testwork application to recover cobalt, copper and gold from Carrapateena pyrite concentrate. Potential to produce a high purity cobalt sulphate.
Slide 26: COB Partnerships - Project Evaluation (2)
COB Partnerships - Project Evaluation (2) For personal use only Queensland based testwork co- Location of Millennium operation agreement: Global Energy Metals Corporation (GEMC) has recently acquired the Millennium Co-Cu-Au Deposit near Mount Isa, Australia. COB successfully applied its propriet
Slide 27: Australian Critical Minerals
Australian Critical Minerals For personal use only 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 scale optimisation of the recovery of cobal
Slide 28: Long-term cobalt market deficit looming
Long-term cobalt market deficit looming Strong fundamentals, underpinned by EV adoption For personal use only Source: Cobalt Blue Holdings Limited 28
Slide 29: EVs are coming…
EVs are coming… For personal use only EV market share climbing – economic forces will take over. ICE = Internal Combustion Engine Vehicle EV = Electric Vehicle 29
Slide 30: EVs - History repeats
EVs - History repeats For personal use only Easter Fashion Parade - 5th Ave New York City, USA. Source: Cobalt Blue Holdings Limited 1901 – Spot the car! 1913 – Spot the horse! 30
Slide 31: EV - Cobalt in EV batteries
EV - Cobalt in EV batteries For personal use only Cobalt is critical to lithium ion battery safety and performance. Source: Cobalt Blue Holdings Limited 31
Slide 32: EV - Hydrogen vehicles less efficient
EV - Hydrogen vehicles less efficient For personal use only Hydrogen fuel cells vs Li ion batteries – Hydrogen consumes 2-3x more energy. Source: Volkswagen 32
Slide 33: Power Grid - Fuel mix inflection point is now
Power Grid - Fuel mix inflection point is now For personal use only By 2050 wind/solar/hydro will dominate fuel mix. Investment trends are clear. 33
Slide 34: Power Grid - Substantial disruption coming
Power Grid - Substantial disruption coming For personal use only Renewables + Storage = a brave new world. 34
Slide 35: 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 and in the case of Mineral Resources, Ore Reserves and production targets, all material assumptions and techni
Slide 36: Compliance Statements
Compliance Statements For personal use only Slide 8: The 2019 Mineral Resource estimate is as released 4 April 2019 ‘Significant Thackaringa Resource Upgrade’. A complete summary of Mineral Resources by classification is provided on Slide 20 (note minor rounding errors may have occurred in compilati
Slide 37: Compliance Statements
Compliance Statements For personal use only Slide 20: The 2019 Mineral Resource estimate is as released 4 April 2019 ‘Significant Thackaringa Resource Upgrade’. The Mineral Resource has been reported at a cut-off of 400 ppm cobalt equivalent based on an assessment of material that has reasonable pro
Slide 38: Compliance Statements
Compliance Statements For personal use only Slide 21: Forecast cost estimates from the 2018 PFS are as released 4 July 2018 ‘Thackaringa Pre-Feasibility Study Announced’. Slide 22: The Ore Reserve estimate and production target is as released 4 July 2018 ‘Thackaringa Pre-Feasibility Study Announced’
Slide 39: Competent Persons Statement
Competent Persons Statement For personal use only COMPETENT PERSONS STATEMENT The information in this report that relates to Exploration Results is based on information compiled by Mr Heath Porteous, a Competent Person who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Porteo
Slide 40: Disclaimer
Disclaimer For personal use only DISCLAIMER Information contained in this confidential document (“Presentation”) has been prepared by Cobalt Blue Holdings Limited (the “Company”). It has not been fully verified and is subject to material updating, revision and further amendment. While the informatio
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