Cobalt Blue Holdings Ltd. · ASX:COB
Cobalt Blue — Investor Presentation (September 2025)
20 slides from Cobalt Blue's investor presentation, Sep 10, 2025
Slide 1: Corporate Presentation ASX announcement cover letter
Cobalt Blue Holdings Limited ABN 90 614 466 607 Address: Suite 12.01, Level 12, 213 Miller Street, North Sydney, NSW 2060 Website: www.cobaltblueholdings.com Facebook: www.facebook.com/Cobalt.Blue.Energy/ LinkedIn: www.linkedin.com/company/cobalt-blue-holdings 10 September 2025 ASX Market Announceme
Slide 2: Minerals for Mobility
For personal use only Minerals for Mobility September 2025
Slide 3: 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: For personal use only Transform resources into opportunities • Unlocking value from diverse feedstocks throug
Slide 4: Australia's first refinery aiming to produce cobalt sulphate
Australia’s first refinery aiming to produce cobalt sulphate for batteries and metal for industry/defence For personal use only 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-processin
Slide 5: Executives and Board
Executives and Board Andrew Kelvin Joel For personal use only Tong Bramley 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
Slide 6: Australia's first dedicated cobalt refinery
For personal use only 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 feeds
Slide 7: 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 $15 For personal use only Feb 25 DRC Export Ban Announced 20 $12 ✓ Battery/Industrial Demand Soaking Up Surplus 000 tonnes Co equiv 15 $9 US$/lb 10 $6 ✓ US DLA
Slide 8: 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 For personal use only Integrated Waste Landforms resources, set to become a ge
Slide 9: Broken Hill Technology Centre and black mass processing
For personal use only 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 C
Slide 10: Halls Creek copper-zinc-silver project
Optionality for diversified commodity exposure via a low-cost For personal use only 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 –
Slide 11: 12-month Strategic Vision
For personal use only 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 product
Slide 12: Corporate work program plan: Next 6-months
Corporate work program plan: Next 6-months 1. Complete Outstanding Milestones to Kwinana Cobalt Refinery FID • Permitting For personal use only • Offtake negotiations • Consolidating support for project finance 2. Broken Hill Cobalt Project • Finalise obligations to American Rare Earths Limited, for
Slide 13: COB Capital Structure
COB Capital Structure For personal use only Capital Structure (as at market close 9 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) $23.6m Share Price (as at market
Slide 14: Kwinana Cobalt Refinery Economics
Kwinana Cobalt Refinery Economics Refinery to Provide Stable Returns through the Assumptions (100% owned) LT Assumptions Cobalt Price Cycle For personal use only Cobalt Price US$/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
Slide 15: Halls Creek Copper-Zinc-Silver Project
Halls Creek Copper-Zinc-Silver Project Kimberley region of Western Australia, Location 250 km2 tenement package For personal use only 51% earn-in for $200k COB shares subject to Opportunistic minimum expenditure thresholds, option to Acquisition increase to 75% by 2028 Onedin: 4.8Mt (Indicated) at 0
Slide 16: Halls Creek Financial Parameters, Assumptions & Sensitivities
Halls Creek Financial Parameters, Assumptions & Sensitivities Parameter Estimated outcome 2027 2028 2029 2030 LT Economic evaluation: Copper1 US$/t 10,002 10,550 10,624 10,828 10,022 For personal use only 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
Slide 17: 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 For personal use only Statements. Cobalt Price US$60,186/t (AU$85,980) The Company confi
Slide 18: 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. For personal use only Classification Tonnes (Mt) CoEq (ppm) Co (ppm) S (%) Ni
Slide 19: 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 For personal use only Project Ea
Slide 20: 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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