Cobalt Blue Holdings Ltd. · ASX:COB
Cobalt Blue — Investor Presentation (November 2024)
31 slides from Cobalt Blue's investor presentation, Nov 18, 2024
Slide 1: Capital Raising Investor Presentation
Capital Raising Investor Presentation November 2024 ASX: COB
Slide 2: Important Notice & Disclaimer
Important Notice & Disclaimer Overview Forward-looking statements This presentation (Presentation) is issued by Cobalt Blue Holdings Limited ACN 614 466 607 This Presentation may contain certain forward-looking statements. Forward-looking statements can generally (Company) on 18 November 2024 and ha
Slide 3: Important Notice & Disclaimer (continued)
Important Notice & Disclaimer (continued) Distribution limited Investment risk This document is for information purposes only and by receiving this document you represent and An investment in the Company is subject to investment risks and other known and unknown risks, some of warrant that if you ar
Slide 4: 1. Business Overview
1. Business Overview ASX: COB 4
Slide 5: COB Capital Structure
COB Capital Structure Capital Structure: Ordinary Shares: 422m Performance Rights 4.2m Options (expiry 23/4/2027 Ex. Price $0.20): 43.5m Promissory Note1 (5yr to 17 Jan 2025): $3.0m Market Cap (undiluted): $33m Share Price: $0.08 Cash & equivalents on hand: $5.8m* As of 30 September June 2
Slide 6: COB: Mine to Battery Markets
COB: Mine to Battery Markets Expected to generate healthy and stable margins through the commodity price cycle, producing battery-grade cobalt sulphate Leveraging patented flowsheet for re-mining metals and sulphur from mine waste Primary cobalt resource offering significant leverage to commodity cy
Slide 7: Why Invest Now? Future Supply Chain
Why Invest Now? Future Supply Chain Qualify for Federal and State financial Near-term support measures * investment Estimated 2025 construction of Australia’s first cobalt sulphate refinery Early entrant into a the new Established international (ex-China) supply chain Critical Minerals Add v
Slide 8: Refinery: Progress Achieved
Refinery: Progress Achieved Engineering partner appointed Tetra Tech Coffey Capex estimates published A$53m + $7m contingency Feedstock samples successfully tested +150kg cobalt sulphate produced, samples sent for customer qualification Works Approval (operations permit) lodged Propose
Slide 9: Refinery: Funding Strategy + Catalysts
Refinery: Funding Strategy + Catalysts KCR Funding and Construction (100% project) JV (Iwatani Corp)* A$60m Construction Capital Cost Overrun + Working Capital (includes 15% contingency) COB Share COB Share Government Funding Support Project Financing (applied – expecting outcome) (applied – exp
Slide 10: Cobalt market update
Cobalt market update Sulphate Production China controlled: 90% There is an immediate shortfall of IRA/EU-compliant cobalt sulphate 100 80 60 tonnes Co 40 Punitive measures on 20 EVs and Critical Minerals USA: 100% tariff on EVs 0 25% tariff on Li-ion EV batteries 2024 2025 2026 2027 2028 2029 2030
Slide 11: Kwinana Cobalt Refinery overview
Mixed Hydroxide Precipitate Blackmass (MHP) Kwinana Industrial Area Location Western Australia Partner Iwatani Corporation (Australia)* Cobalt Sulphate & Nickel Metal Products US IRA and EU CRMA eligible Proposed Kwinana Cobalt Refinery site layout Feedstock Hydroxide, Recycled Batteries, Mixed Sulp
Slide 12: Kwinana Cobalt Refinery Economics
Kwinana Cobalt Refinery Economics Stage One Detailed Capital Cost Estimates Assumptions (100% owned) Item $Am Cobalt Price US$/lb Up to $28 by 2031 Nickel Price US$/lb $7.50 Process Plant Direct Equipment $15 incl 10% contingency AUD:U Exchange Rate Up to 0.71 by 2029 Installation $ 22 incl 17% cont
Slide 13: Timetable – Shovel Ready mid 25
Timetable – “Shovel Ready mid 25” 2024 2025 2026 2027 3Q 4Q 1H 2H 1H 2H 1H 2H Testing Feedstock Samples Operating Permit Submission Third-Party Supply / Offtake Contracts Financing Construction Commencement* Construction Completed Validation Commencement Commercial Production Commencement ASX: COB 1
Slide 14: Broken Hill Cobalt Project
Ancillary infrastructure Power, water, rail and road connections to existing networks (onsite renewable power generation also being considered). 25km southwest of Broken Hill, Location New South Wales Integrated Waste Landforms For sustainable, post-closure storage of mine and plant waste. Partn
Slide 15: Underpinned by years of piloting
Underpinned by 4 years of piloting Technology Development Centre A$15m+ invested: Pilot Plant (2021) + Demonstration Plant (2022–ongoing) Large-scale operations demonstrating all stages of the patented flowsheet Global sample program refining MHP and Co/Ni sulphate with numerous commercial par
Slide 16: Activities
Activities Hudbay Queensland Sulphuric Other Prospective Minerals Acid Supply Projects Collaborating to apply Cobalt Working with various parties in Mt Isa Mine Tailings, Blue’s processing technology Queensland to bring forward Glencore (prospective only). at Flin Flon Tailings Storage potential p
Slide 17: Cobalt for the Energy Transition
Cobalt for the Energy Transition Cobalt provides lithium-ion batteries superior energy density and thermal stability EV demand dominates Nickel:Cobalt-based chemistries forecast to remain +50% market share Cobalt’s use in batteries 2018 2030 EVs are forecast to reach +40% of global vehicle sales by
Slide 18: Board and Executives
Board and Executives Extensive expertise – mineral development, investment management, corporate law and energy storage. Robert has held senior roles with numerous major Joe has held senior management roles with numerous multi- With 35 years' legal experience before retiring from full-time corporati
Slide 19: The team
The team Bruce is an Environmental Engineer with Adam has been in the mining & mineral As a Geologist with over 15 years of Helen is a phD qualified geologist with over o/ver 30 years of experience in processing industry for over 30 years. His experience, Heath’s work spans a broad 18 years experien
Slide 20: 2. Equity raising details
2. Equity raising details ASX: COB 20
Slide 21: Key details of the Equity Raise
Key details of the Equity Raise Equity Raising and Structure Entitlement Offer: Non-renounceable entitlement offer of 1 new share for every 5 shares held to existing shareholders to raise up to ~A$6.08 million via the issue of up to approx. 84.5 million New Shares at the Offer Price (“Entitlement Of
Slide 22: Equity Raising Details Continued
Equity Raising Details Continued Use of Funds The Company intends to use the proceeds from the Equity Raising and existing cash resources to progress the Kwinana Refinery Project to a Final Investment Decision (FID) and other programs, including: • Kwinana Cobalt Refinery work programs – including K
Slide 23: 3. Appendix: Key risks
3. Appendix: Key risks ASX: COB 23
Slide 24: Risk Factors
Risk Factors Introduction This section describes some of the potential key risks associated with the Company’s business and an investment in the Company. Investors should also consider the risks associated with the Company’s business and the general risks set out in the Company’s Annual Report which
Slide 25: Risk Factors (continued)
Risk Factors (continued) Commodity prices The global cobalt market (along with other commodities) is subject to a variety of factors, including demand fluctuations (consumer and business conversion to electronic vehicles and battery systems) and supply fluctuations (levels of exploration and mining,
Slide 26: Risk Factors (continued)
Risk Factors (continued) Metallurgical The economic viability of cobalt recovery depends on several factors, such as developing an economical process for treating pyrite ores at recoveries and scale. There is no guarantee that the Company’s process for treatment of pyrite ores will be effective or e
Slide 27: Risk Factors (continued)
Risk Factors (continued) Liquidity risk, interest Non-performance by counterparties of contract obligations could lead to a financial loss to the Company and expose it to a variety of financial rate and credit risks such as interest rates, credit and liquidity. There is no guarantee that an active m
Slide 28: Risk Factors (continued)
Risk Factors (continued) Climate change risk Transitioning to a lower-carbon economy may entail extensive policy, legal, technology and market changes to address mitigation and adaption requirements related to climate change. Depending on the nature, speed and focus of these changes, transition risk
Slide 29: Risk Factors (continued)
Risk Factors (continued) Force majeure events Events may occur within or outside the Australian markets that negatively impact the Company’s financial performance, operations and/or may occur the price of the Shares. These events include, but are not limited to, acts of terrorism, an outbreak of int
Slide 30: Compliance Statements
Compliance Statements Information included in this presentation is, in part, extracted from reports available via https://www.cobaltblueholdings.com/ and referenced in the following Compliance Statements. The Company confirms that it is not aware of Assumption Input any new information or data that
Slide 31: 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. Classification Tonnes (Mt) CoEq (ppm) Co (ppm) S (%) Ni (ppm) Contained Co (kt
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