Cobalt Blue Holdings Ltd. · ASX:COB
Cobalt Blue — Investor Presentation (March 2019)
32 slides from Cobalt Blue's investor presentation, Mar 20, 2019
Slide 1: Investor Presentation
For personal use only March 2019 Investor Presentation COB : ASX
Slide 2: Cobalt Blue – Company Overview
Cobalt Blue – Company Overview For personal use only Broken Hill (Thackaringa) Cobalt Project Capital Structure Cobalt Blue Holdings Limited (COB) is a cobalt ASX Code: COB exploration/development company focussed on Share Price (12 March 2019): $0.16 the development of the Broken Hill Cobalt Shares
Slide 3: Cobalt Blue - Achievements + Goals
Cobalt Blue - Achievements + Goals For personal use only Achievements: ✓ Initial Public Offering: February 2017. ✓ Scoping Study. ✓ Pre Feasibility Study. ✓ LGI Partnership. Goals: ❑ Bulk Scale Metallurgical Testing: Target mid 2020. ❑ Project Permits & Approval: Target end 2020. 3
Slide 4: Cobalt Blue – Mine to Battery Strategy
Cobalt Blue – Mine to Battery Strategy For personal use only Co ~25-35% payable Co ~90-110% payable Traditional Cobalt Mine Model COB Model Source: Cobalt Blue Holdings Ltd 4
Slide 5: LGI & COB - First Mover Strategy
LGI & COB - First Mover Strategy For personal use only Source: Cobalt Blue Holdings Ltd 5
Slide 6: Broken Hill - People, Power, Water, Road, Rail
Broken Hill - People, Power, Water, Road, Rail For personal use only Source: Cobalt Blue Holdings Ltd Water Note: Essential Water has committed to supply up to 1.5 gigalitres per year of water to service the cobalt processing and refining requirements of the Project. 6
Slide 7: PFS - Significant Defined Resources and Reserve
PFS - Significant Defined Resources and Reserve For personal use only Mineral Resource (March 2018) Ore Reserve and Production Target (June 2018) Source: Cobalt Blue Holdings Ltd Note: Crush + concentration/float circuit enables ~5x grade uplift from 800ppm ROM to ~ 4000ppm concentrate. These estima
Slide 8: PFS - Economic Summary June 2018
PFS - Economic Summary June 2018 For personal use only Source: Cobalt Blue Holdings Ltd 8
Slide 9: PFS - Cobalt Leverage
PFS - Cobalt Leverage For personal use only 9
Slide 10: PFS - Forecast Resilient C1 Costs
PFS - Forecast Resilient C1 Costs For personal use only 10
Slide 11: Cobalt Blue - Project Updates Over 2019
Cobalt Blue - Project Updates Over 2019 For personal use only Three key optimisation opportunities: ❑ Mine life: ❑ Extend project life through exploration and acquisitions. ❑ Updated Resource Statement due Q1 2019. ❑ Metal recoveries: ❑ Larger scale testing is now underway, targeting increased metal
Slide 12: 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.” Chief Executive Officer – Joe Kaderavek ▪ Deutsche Bank, Head of Resources, equities / investment management, resources and energy st
Slide 13: Appendix
For personal use only Appendix
Slide 14: Further Information
Further Information For personal use only Appendices A1 Cobalt and Batteries A2 Cobalt Blue Resources and Reserves A3 Cobalt Blue Process and Testwork Description Source: Cobalt Blue Holdings Ltd 14
Slide 15: A1. Li ion & Cobalt Cathodes – Strong EV Credentials
A1. Li ion & Cobalt Cathodes – Strong EV Credentials For personal use only • NMC/NCA: EV nickel-cobalt battery chemistries. • LFP/LMO: Cheaper battery chemistries. • Nickel-Metal Hydride: Phased out of EV sector. • Lead-Acid/Vanadium: Energy storage applications. Cobalt = Electric Vehicle building b
Slide 16: A1. Battery Cathode - Adoption
A1. Battery Cathode - Adoption For personal use only NMC 532/622 - dominant chemistry Cobalt proportion in various battery chemistries: Source: Cobalt Blue Holdings Ltd 16
Slide 17: A1. Cobalt Demand +70% next decade
A1. Cobalt Demand +70% next decade …….driven by >300% Cobalt Sulphate For personal use only 32 17
Slide 18: A2. Significant Defined Resources
A2. Significant Defined Resources For personal use only Data is reported to significant figures to reflect appropriate precision and may not sum precisely due to rounding Source: Cobalt Blue Holdings Ltd 18
Slide 19: A2. Significant Defined Ore Reserves
A2. Significant Defined Ore Reserves For personal use only Ore Reserve (30 June 2018) Data is reported to significant figures to reflect appropriate precision and may not sum precisely due to rounding Source: Cobalt Blue Holdings Ltd 19
Slide 20: A2. Grade Tonnage Curve
A2. Grade Tonnage Curve For personal use only These estimates of mineral resources were first announced by Cobalt Blue Holdings Ltd in Thackaringa – Significant Mineral Resource upgrade - 19 March 2018. The Company confirms that it is not aware of any new information or data that materially affects
Slide 21: A2. “Blue Sky” Geophysics
A2. “Blue Sky” Geophysics For personal use only Mineral Resource Areas Target 2 Strong conductors have been identified: ❑ Target 1 – Strong single peak EM response ❑ Target 2 – Clear VTEM/IP response ❑ A number of other targets have also been identified - analysis is ongoing Target 1 21
Slide 22: A2. COB-Havilah Resources - MOU
A2. COB-Havilah Resources - MOU For personal use only COB considering growth opportunities ❑ Cooperation with Havilah Resources ❑ Potential regional Broken Hill cobalt district Source: Havilah Resources & Cobalt Blue Holdings 22
Slide 23: A3. Cobalt Sulphate Production Flowchart
A3. Cobalt Sulphate Production Flowchart For personal use only Source: Metallurgical testwork – Cobalt Blue Holdings 23
Slide 24: A3. Broken Hill– Comparison with ASX peers
A3. Broken Hill– Comparison with ASX peers For personal use only Note: Revenue stream figures are based solely upon head grades converted into revenues at Feb 2019 spot prices. 24
Slide 25: A3. Processing – Concentrate (PFS Testwork)
A3. Processing – Concentrate (PFS Testwork) For personal use only PFS Testwork material - 820 kg of ore composited. Ore was crushed to p100 @ 1.2 mm and passed through a gravity spiral circuit. The tails were screened, with the fines subjected to froth flotation. The gravity and flotation concentrat
Slide 26: A3. Processing – Calcine & Leach (PFS Testwork)
A3. Processing – Calcine & Leach (PFS Testwork) For personal use only 100 kg of concentrate was treated through the calcine and leach unit operations for the PFS. The concentrate is thermally treated to remove some of the sulphur into the gas phase. The resulting solid calcine is then leached to ext
Slide 27: A3. Processing – 2018-2019 Programs
A3. Processing – 2018-2019 Programs For personal use only Scale up of testwork programs from PFS Concentration ❑ 45 t of ore is being processed by April 2019, aiming to produce 6-10 t concentrate (ALS Burnie) Pyrolysis ❑ Laboratory testwork on 150 kg sample - January 2019 at Harper International (US
Slide 28: A3. Processing – Global Operations Reference
A3. Processing – Global Operations Reference For personal use only Comminution and Concentration via flotation ❑ Newcrest - 10mtpa pyrite ore via milling and flotation (Lihir Island - PNG) ❑ OZ Limited - 10mtpa copper ore milling, flotation of concentrate (Prominent Hill - Australia) Concentration v
Slide 29: A3. COB – Position in POX Industry
A3. COB – Position in POX Industry For personal use only Key Note: Low temperature/pressure POX = reduced capital requirements. 29
Slide 30: A3. Premium Prilled Sulphur Produced
A3. Premium Prilled Sulphur Produced For personal use only Source: Metallurgical testwork – Cobalt Blue Holdings 30
Slide 31: Disclaimer
Disclaimer For personal use only DISCLAIMER Information contained in this confidential document (“Presentation”) has been prepared by Cobalt Blue Holdings (the “Company”). It has not been fully verified and is subject to material updating, revision and further amendment. While the information contai
Slide 32: Competent Persons Statement
Competent Persons Statement For personal use only COMPETENT PERSONS STATEMENT The information in this report that relates to Exploration Targets, Exploration Results, and Mineral Resources is based on information compiled by Mr Peter Buckley, a Competent Person who is a Member of The Australian Inst
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