Slide 1: HPA First Pre-Feasibility Study
COLLERINA COBALT LTD (ASX:CLL) HPA FIRST PRE-FEASIBILITY STUDY FAST TRACK TO HPA PRODUCTION
Slide 2: Forward Looking and Cautionary Statements
Forward Looking and Cautionary Statements © COLLERINA Cobalt Limited Cautionary Statement The Pre-Feasibility Study (PFS) referred to in this announcement has been undertaken to assess the technical and financial viability of the HPA First Project. Further evaluation work including a Definitive Feas
Slide 3: 'HPA First' — Pre-Feasibility Study
‘HPA First’ — Pre-Feasibility Study The ‘HPA First’ PFS has delivered a compelling business case, capable of delivering 10,200tpa of 4N (99.99% purity) High-Purity Alumina (HPA) into the burgeoning HPA market PFS Highlights include: Production rate of 10,200tpa HPA Unit cash costs of A$8,538 (US$6,4
Slide 4: 'HPA First' — Key Financial Metrics
‘HPA First’ — Key Financial Metrics HPA Production (t/y) HPA Price Assumption (per/t HPA) $33,333 $25,000 Annual Revenue (including by-products) $384 million $288 million Annual Average Cash Operating Cost $131 million $98 million Unit Cash Cost (per/t HPA) $12,852 $9,639 Unit Cash Cost accounting f
Slide 5: Financially Robust
Financially Robust = Sensitivity Analysis demonstrates a very robust project over a wider range of key sensitivities EBITDA (A$ million/pa) Pre-Feasibility Study Result 248 Sensitivity to Financial Parameters OPERATING COST Cost Increase (+15%) 233.2 Cost Decrease (-15%) 272.5 FOREIGN EXCHANGE A$ to
Slide 6: Unique solvent extraction (SX) process route
Source: Company websites and exchange filings ‘HPA First’ — Unique solvent extraction (SX) process route G PURE COLLERINA ALUMINA Cobalt Projects | cut) PUA tech | Orbite | 4 BFS 2015 Restarting Project Stage PFS Nov 2018 PFS Complete PFS Complete FID Approved Production Bulk Industrial . . . . Feed
Slide 7: Compelling financials based on SX process
Compelling financials based on SX process Proprietary, unique and innovative process approach to HPA production — including 2x by-product credits Based on well understood Solvent Extraction (SX) Process - SX accounts for ~25% of global copper production Highly selective process delivers HPA purity A
Slide 8: Newcastle Port - Strategically Compelling
Newcastle Port - Strategically Compelling The ‘HPA First’ process allows for the discretionary location of an HPA Plant within an existing industrial zone offering highly favourable logistics Newcastle Port (NSW) offers industrial processing facilities, extensive infrastructure and an appropriately
Slide 9: CapEx and Opex
CapEx and Opex = CapEx estimate accuracy -15% to +30% based off an Engineering, Procurement, Construction Management (EPCM) contracting strategy = High % of variable OpEx indicates future scalability Capital Cost Summ ASM Operating Cost Summary $136.6 Variable Costs Aluminium Feedstock Reagents Util
Slide 10: Corporate Snapshot
Corporate Snapshot @ COLLERINA Cobalt Limited Unlisted options (@10c) 30.0M (expire 31 October 2019) TRADING INFORMATION SHARE PRICE PERFORMANCE ASX CODE CLL Share Price (12-Nov-18) 13.0c 52 week trading range 6.0c — 18.0c Issued Shares 567.1M g CAPITAL STRUCTURE 3 Issued Shares 567.1M 2 a Unlisted
Slide 11: Name Change
Name Change = The Company is seeking shareholder approval at its upcoming Annual General Meeting for a name change to ‘Alpha HPA Limited’ to reflect the immediate business focus on the production of High Purity Alumina aloha HPA aloha HPA
Slide 12: Corporate Snapshot
Corporate Snapshot SHAREHOLDERS @ COLLERINA Cobalt Limited TOP 20 SHAREHOLDERS BT Portfolio Services | 6% | Budworth Capital Permgold Pty Ltd (N. Seckold) PT Muara Mulya Propertindo RECENT HPA Gs.on) HIGHLIGHTS == 99.99% HPA FIRST 4N (99.99%) purity achieved in HPA testwork program Rights Issue (Jul
Slide 13: Board & Management
Board & Management Norman Seckold Chairman 30+ years in the full time management of natural resource companies. Past Chairman and Director of listed companies including Bolnisi Gold NL, Timberline Minerals Inc., Perseverance Corporation Limited, Valdora Minerals NL, Palmarejo Silver and Gold Corp. a
Slide 14: About High Purity Alumina (HPA)
About High Purity Alumina (HPA) (ea) EV Demand Growth - Key EV Materials COLLERINA 400% Gobalt Limite 325% 225% 180% HPA is the pure form of aluminium oxide (AI,0.) HPA is the pre-cursor 50% material for the manufacture of sapphire glass and ceramic coated Hi Lithium-lon-Battery (Li-B) separators .
Slide 15: High Purity Alumina (HPA) Market
High Purity Alumina (HPA) Market HPA Pellets MarketDemand Batts ———— a LED and Semiconductor Substrates Lithium-lon Scratch Proof Battery Separator Glass Phosphor Coating Automotive Household & Industrial Lighting Coating Smart phones, tablets, smart watches Electric Vehicles Consumer Goods Fluoresc
Slide 16: High Purity Alumina (HPA) Demand — A Battery Metal
High Purity Alumina (HPA) Demand — A Battery ‘Metal’ CG COLLERINA 4N HPA CONSUMPTION BY APPLICATION (2018) Cobalt Consensus market agreement on strong demand growth for HPA to 2025. Market analysts divided on growth driver being either the increasing adoption of LED (Light Emitting Diode) products a
Slide 17: Existing HPA Market Production Processes
Existing HPA Market Production Processes Existing HPA production is synthesised from Aluminium metal feedstock or produced from hydrochloric acid leach of kaolin clay. HPA from kaolin — schematic flow sheet Mining of Kaolin ¥ Hydrochloric (HCI) acid leach v 3x crystallisation steps GD Calcination Q—
Slide 18: Indicative Project Delivery Timetable
Indicative Project Delivery Timetable G COLLERINA = The Company has committed to an immediate transition to pilot-plant construction and DFS Govatt To DecQ MarQ JunQ SepQ DecQ MarQ JunQ SepQ DecQ MarQ JunQ SepQ DecQ MarQ JunQ SepQ DecQ PRE-CONSTRUCTION Pilot Plant + DFS 1/03/19 30/11/19 EIS W11/18 =
Slide 19: 'HPA First' - Fast Track Path to HPA Production
‘HPA FIRST’ - FAST TRACK PATH TO HPA PRODUCTION The HPA First process uses the Company’s proprietary licenced solvent extraction (SX) and refining technology and a feedstock blend of readily available industrial products rather than an acid leach solution generated from the Collerina Project ore SIM
Slide 20: Thank You
Norman Seckold Chairman nseckold@collerinacobalt.com.au Rimas Kairaitis Managing Director rkairaitis@collerinacobalt.com.au Peter Nightingale Director/Chief Financial Officer pnightingale@collerinacobalt.com.au Justin Werner Non-Executive Director . ., jwerher@collerinagobalt.comau; ' ° Lt te is 4 _
Slide 21: Appendices
COLLERINA COBALT LTD (ASX:CLL) Appendices
Slide 22: Demand for HPA — Regions
Appendix 1 Demand for HPA — Regions Demand for HPA is primarily being driven by the increasing adoption of LED (Light Emitting Diode) products, separators in lithium ion batteries (Li-B’s) and scratch resistant artificial sapphire glass for smartphone screens and watches HPA DEMAND BY GEOGRAPHIC REG
Slide 23: Supply of HPA
Appendix 2 Supply of HPA EB ina | ry BB North America BD south Korea France Russia Sumitomo Chemicals PERT Zibo Xinfumeng Chemicals [EXIE Baikowski (Pe Xuan Cheng Jing Rui [ER s Nippon Light Metal Dalin Hiland Photoelectric HMR Co Hebei Pong Now Mtl Sasol s a xR GLOBAL HPA SUPPLY DISTRIBUTION - 2016
Slide 24: Source: Bloomberg New Energy Finance
Source: Bloomberg New Energy Finance 24
Slide 25: Appendix Statement of Compliance
Appendix 4 © Statement of Compliance SOLLERINA Cobalt Limited Competent Persons Statement (Process Development Testwork) Information in this announcement that relates to metallurgical results is based on information compiled by or under the supervision of Dr Stuart Leary, an Independent Consultant t
Slide 26: Appendix Modifying Factors
Appendix 5 GC Modifying Factors SOLLERINA Cobalt |Study Status |The ‘HPA First’ Pre-Feasibility Study (PFS) indicates the project is technically and financially viable. The Study was completed by Prudentia Process Consulting, with input from the Company and other} specialist consultants, The activit
Slide 27: Appendix Modifying Factors
Appendix 5 @ Modifying Factors GOLLERINA Financial Project costs have been estimated by Prudentia Process Consultants on the basis below. |CapEx: IThe capital cost estimate is provided at an accuracy level of +30% to -15%. The capital cost estimate has been based on the implementation of an Engineer