Cobalt Blue Holdings Ltd. · ASX:COB

Cobalt Blue — Investor Presentation (July 2024)

16 slides from Cobalt Blue's investor presentation, July 2024

  1. Slide 1: Investor Presentation July 2024

    Investor Presentation July 2024 ASX: COB

  2. Slide 2: COB Capital Structure

    COB Capital Structure Capital Structure:  Ordinary Shares: 422m  Performance Rights 5.8m  Options (expiry 23/4/2027 Ex. Price $0.20): 43.5m  Promissory Note1 (5yr to 17 Jan 2025): $3.0m  Market Cap (undiluted): $31m Share Price: $0.08 Cash & equivalents on hand: $9.0m ASX: COB 2 Source: Cobalt

  3. Slide 3: Strategic Priorities

    Strategic Priorities Re-Mine  Flin Flon Mine, Canada  Large-scale test work  Commercial partner negotiations  Australian opportunities  Partnering with government test work Cobalt-Nickel  Commercial negotiations Refinery with existing producers Pathway to Construction  European Raw Materials

  4. Slide 4: Building an Allied Supply Chain

    Building an Allied Supply Chain Bridging COB is uniquely placed to become an early entrant in diversifying the Allied Supply Chain the Gap The Refinery is one of the first global replies (and the first Australian-domiciled response) to the US IRA Act IRA compliant material* is already in short suppl

  5. Slide 5: Milestones/Indicative Timetable

    Milestones/Indicative Timetable 2024 2025 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Testing intermediate samples Operating Permit Third party supply / offtake contracts Completion of Financing Pre/Construction Commence Construction Completed* 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Strategy Review ASX: COB 5 *Subject to funding and

  6. Slide 6: Cobalt-Nickel Refinery

    Site Layout Cobalt-Nickel Refinery Proposed large-scale operation to produce battery grade sulphate for IRA-compliant markets. Expected to generate stable margins throughout the highs and lows of the cobalt price cycle. Kwinana Industrial Area Location Western Australia Cobalt & Nickel Sulphate Prod

  7. Slide 7: Cobalt-Nickel Refinery Economics

    Cobalt-Nickel Refinery Economics Assumptions (100% owned) Spot Metal & FX BMI Metal Price Profile LT Assumptions Project Return Comparison 60% Cobalt Price US$/lb 14.00 Rising to 27.00 27.00 Nickel Price US$/lb 7.50 8.00 9.00 50% Broken Hill Cobalt Project Exchange Rate AUD:USD 0.65 0.70 0.70 40% Fi

  8. Slide 8: Broken Hill Cobalt Project

    Open cut mining Broken Hill Cobalt Project  Onsite processing plant to treat ore by Primary cobalt resource with the potential to develop a large-scale  Concentration operation to be integrated with the Cobalt-Nickel Refinery in Kwinana  Thermal decomposition  Pressure-oxidation leaching 25km so

  9. Slide 9: Technology Development Centre

    Cobalt Sulphate (22% Co) Technology Development Centre Our processing technology is unique by combination, based on industry-standard processing equipment. Metal products are customized to market requirements. Nickel Sulphate (22% Ni) Pilot Plant (2021) + Demonstration Plant (2022–ongoing)  A$70m p

  10. Slide 10: Re-Mine

    Re-Mine Our patented technology is at the forefront of a new frontier in mining: Leveraging COB’s patented flowsheet for re-mining of sulphur and …where pyrite-rich tailings can be re-evaluated battery metals from mine waste. The sale of recovered products covers and re-mined cost of rehabilitation

  11. Slide 11: Flin Flon Tailings Project

    Flin Flon Tailings Project Project: Cobalt Blue and Hudbay Minerals collaborating to apply Cobalt Blue’s processing technology Site: Flin Flon Tailings Storage Facility Manitoba, Canada Commodities: Zn-Cu-Ag Status: • 50kg sample received in Aug23 • Testwork confirmed >90% conversion of pyrite to py

  12. Slide 12: Cobalt for the Energy Transition

    Mined Production Cobalt for the Energy Transition The majority of existing and future supply is highly concentrated with concerns over responsible sourcing from mined production and supply security among processing supply Note: Chinese interest controls 25 of the 29 operating DRC cobalt mines Refine

  13. Slide 13: 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 become the majority of global vehicle

  14. Slide 14: Disclaimer

    Disclaimer The following notice and disclaimer apply to this investor presentation (Presentation). You Forward-looking statements and forecasts are therefore advised to read this carefully before reading or making any other use of this Presentation or any information contained in this Presentation.

  15. Slide 15: 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

  16. Slide 16: 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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