Cobalt Blue Holdings Ltd. · ASX:COB
Cobalt Blue — NorthWest MPX (Minerals Policy and Exploration) 2023, Session 1
32 slides from Cobalt Blue's conference presentation, May 10, 2023
Slide 1: Session 1 Wednesday 10th May
Session 1 Wednesday 10th May Event MC – Dr Helen Degeling Project Acquisition Manager, Cobalt Blue Holdings
Slide 2: Welcome and Introduction: NorthWest MPX
Welcome and Introduction : 2 NorthWest MPX
Slide 3: Wednesday 10th May
Wednesday 10th May 8:45am: Helen Degeling, Cobalt Blue Holdings 9.30am: Matthew Greenwood, Geological Survey of Queensland 10:15am: Morning Tea 11:00am: Gavin Loyden, QEM Limited 11:45am: Dr Fred Hess, Aeon Metals 12.30pm: Lunch 1.30pm: Andrew Barger, QRC 2.10pm: Andrew Drager, APA 2.45pm: Afternoon
Slide 4: Disclaimer
Disclaimer This document may contain forward-looking statements. Such statements are not guarantees and involve known and unknown risks and other matters outside the control of Cobalt Blue Holdings Limited (“COB” or “the Company”). Actual values, results or events may be materially different to thos
Slide 5: ASX: COB
ASX: COB 5
Slide 6: What the north west means to me
What the north west means to me ASX: COB 6
Slide 7: The global rise of critical minerals
The global rise of critical minerals ASX: COB 7
Slide 8: What green energy technology is driving metal demand?
What green energy technology is driving metal demand? 23 V ASX: COB 8 Source: 30 Things, Minerals Council of Australia
Slide 9: What metals are in a typical EV battery?
What metals are in a typical EV battery? Amount Contained in the Avg. 2020 % of Mineral Cell Part Battery (kg) Total Nickel Cathode 29kg 16% Manganese Cathode 10kg 5% Cobalt Cathode 8kg 4% Lithium Cathode 6kg 3% Iron Cathode 5kg 3% Graphite Anode 52kg 28.% Aluminum Cathode, Casing, 35kg 19% Current
Slide 10: Growing demand
Growing demand ▪ Demand driven by energy technology ▪ Similar demands driven by electric car manufacturing, other technologies (phones, magnets, etc) ▪ Qld is well placed to meet this demand, if exploration and resource development sees investment now ASX: COB 10 Source: The Visual Capitalist
Slide 11: Cu Future Supply vs Demand
Cu Future Supply vs Demand ASX: COB 11 Source: Wood Mackenzie, Q2 2022
Slide 12: Cobalt future of supply and demand
Cobalt future of supply and demand Another ~50ktpa is required by 2025, reaching another ~150ktpa by 2030 ASX: COB 12 Source: Cobalt Blue Holdings Limited, Benchmark Minerals, Rho Motion
Slide 13: REE Future Supply vs Demand
REE Future Supply vs Demand ASX: COB 13 Source: Adamas Intelligence (2022). Rare Earth Market Outlook; A Custom Report for Search Minerals
Slide 14: The battery supply chain
The battery supply chain Batteries are produced through a complex value chain, with Australia strong in mining and China dominant downstream ASX: COB 14 Source: Benchmark Minerals, Cobalt Blue Holdings Limited
Slide 15: US Inflation Reduction Act 2022 (IRA)
US Inflation Reduction Act 2022 (IRA) Invests US$369bn US cobalt sulphate supply availability Key Free Trade in energy security, greatly reduced from 2024 Agreement climate change (FTA) countries: programs and clean ▪ Australia technologies over ▪ Canada the next 10 years to ▪ Chile help the US meet
Slide 16: Cobalt's sources of supply
Cobalt’s sources of supply Current sources Existing sources of cobalt supply of supply ▪ 70% of global cobalt mined in the Democratic Republic of Congo ▪ 80% of global battery grade cobalt gets refined in China ASX: COB 16 Source: Benchmark Minerals, Cobalt Blue Holdings Limited
Slide 17: European Critical Raw Materials Act 2023
European Critical Raw Materials Act 2023 CRM Club: Establish a raw materials alliance with partners to strengthen supply chains and diversify sourcing. Strategic Partnerships on Raw Materials: Expand our network of strategic raw materials partnerships. Trade and Investment Agreements: Leverage and e
Slide 18: Building an allied supply chain
Building an allied supply chain ASX: COB 18 Source: Cobalt Blue Holdings Limited
Slide 19: ESG: Environment, Social, Governance
ESG: Environment, Social, Governance ▪ The ethics of supply ▪ Consumer and investor driven desire for transparency and to ‘do the right thing’ in product selection ▪ Failure to address ESG risks leads to: ▪ erosion of public support for mining projects, ▪ increasing scrutiny from downstream industri
Slide 20: Queensland's critical minerals
Queensland’s critical minerals Silica ASX: COB 20
Slide 21: Ethical and reliable cobalt for a more sustainable world
Ethical and reliable cobalt for a more sustainable world ASX: COB 21
Slide 22: Our aim: clean, responsible cobalt supply
Our aim: clean, responsible cobalt supply The integrated Broken Hill Cobalt Project offers responsibly sourced cobalt Targeted project life +20 years: ▪ Mineral Resource of 118Mt* for 81,400t cobalt. Primary cobalt: ▪ 3,500 tpa of cobalt (as MHP or Cobalt Sulphate). ▪ 300,000 tpa of Elemental Sulphu
Slide 23: Waste Streams Project
Waste Streams Project March 2021 ▪ Desktop reviews, focus on Northwest Minerals Province December 2021 ▪ Execution of MOU with Queensland Dept of Resources to collaborate on the Secondary Prospectivity project ▪ Examining the prospectivity of mine waste for critical minerals ▪ Identify opportunities
Slide 24: DoR-UQ secondary prospectivity project
DoR-UQ secondary prospectivity project ASX: COB 24
Slide 25: ASX: COB
Waste Rock Tailings Spent Heap Leach Capricorn Copper Baal Gammon Capricorn Copper Horn Island Met Cuthbert Lady Annie Mount Oxide Horn Island Rocklands Mary Kathleen Pindora Pindora Mary Kathleen Herberton Osborne 2 " Lady Annie Mount Garnet Selwyn Metallurgical Slimes Century Phosphate Hill Coal W
Slide 26: The opportunity of secondary prospectivity
The opportunity of secondary prospectivity Example – Mount Isa copper mine: ▪ Reported spot grades up to 9% Cobalt ▪ No cobalt production since 1990’s ▪ Approx 22km2 tailings Mt Isa ASX: COB 26
Slide 27: Cu tailings – 2050
Cu tailings – 2050 ASX: COB 27 Source: Cobalt Blue Holdings Limited
Slide 28: Cobalt in NW Qld mine waste: Rocklands and Osborne
Mean Co (ppm) Average Cobalt – All sites Whole Rock (assay) 560–777 ppm 240–561 ppm 183–240 ppm 85–183 ppm <85 ppm Co in NW Qld mine Rocklands waste – endowed in IOCG, sediment-hosted and epigenetic Cu systems Osborne ASX: COB 28
Slide 29: Cobalt assays in Qld mine waste
Cobalt assays in Qld mine waste ASX: COB 29
Slide 30: Current example: New Century
Current example: New Century New Century Resources ▪ Century Zinc Mine ▪ Tailings: 77MT @ 3.1% Zneq ASX: COB 30 Images from New Century Resources
Slide 31: Building an allied supply chain
Building an allied supply chain ▪ Australia is the only country globally that mines all four of the cathode elements (lithium, nickel, cobalt and manganese). ▪ Overcoming the real chokepoint in critical minerals supply chain, Processing, cannot be addressed until the US/EU incentivize responsible an
Slide 32: Cobalt Blue
Cobalt Blue www.cobaltblueholdings.com
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