Cobalt Blue Holdings Ltd. · ASX:COB
Cobalt Blue — Shareholder Meeting (November 2025)
19 slides from Cobalt Blue's shareholder meeting presentation, Nov 14, 2025
Slide 1: Chairman's address and CEO presentation to the 2025 AGM
Cobalt Blue Holdings Limited ABN 90 614 466 607 Address: Suite 12.01, Level 12, 213 Miller Street, North Sydney, NSW 2060 Website: www.cobaltblueholdings.com LinkedIn: www.linkedin.com/company/cobalt-blue-holdings 14 November 2025 ASX Market Announcements Office ASX Limited 20 Bridge Street Sydney N
Slide 2: Chairman's Address 2025 AGM
For personal use only Chairman’s Address 2025 AGM 14 November 2025
Slide 3: Cobalt Blue Chairman's Address - AGM 2025
Cobalt Blue Chairman’s Address - AGM 2025 Good morning, I would like to welcome all Cobalt Blue Holdings Limited (Cobalt Blue’ or the ‘Company’) shareholders and guests to our 2025 AGM. Before we get underway with the formal part of this AGM, I would like to say a few words regarding events over the
Slide 4: Chairman's Address (continued)
o We were excited to welcome Andrew Tong as the new CEO on 1 May 2025. Andrew was also appointed to the Board on 10 October 2025. More recently of course, I announced that I would retire at the conclusion of this 2025 AGM. I am extremely proud of my time as the Chair of Cobalt Blue and it was not
Slide 5: Reshaping the Cobalt Supply Chain: CEO Presentation
For personal use only Reshaping the Cobalt Supply Chain CEO Presentation – 2025 AGM 14 November 2025
Slide 6: Reshaping the Cobalt Supply Chain
Reshaping the Cobalt Supply Chain For personal use only Addressing the Market Gap Realising Australia’s Potential Demand 50Kt Broken Hill Cobalt Project Supply 0 50 100 150 200 250 000 tonnes China & FEOC US & Allies ASX: COB 2 Source: Benchmark Mineral Intelligence, Cobalt Blue Holdings Limited
Slide 7: Cobalt is required for modern defence systems
Cobalt is required for modern defence systems In 2025, for the first time, all 32 NATO member countries are projected to meet or exceed the target of spending 2% of GDP on defence For personal use only Temperature resistant superalloys for jet engines Armour piercing alloys (2-4% cobalt) Preci
Slide 8: Cobalt market is highly concentrated
Cobalt market is highly concentrated Markets face a constrained set of options for securing cobalt supplies For personal use only Foreign Entities of Concern (FEOC) control ~70% of mined output, ~80% of refined production Availability of non-FEOC refined products is limited due to supply chain
Slide 9: Cobalt market in a structural shift
Cobalt market in a structural shift The DRC 2025 export ban and 2026/2027 export quota system is rebalancing the market after +3 years of predatory oversupply For personal use only Demand for cobalt from the battery and industrial sectors will grow +5% through 2030 Prices are rapidly reverting
Slide 10: Meeting today's market gap and de-risking future mine development
Meeting today’s market gap and de-risking future mine development For personal use only We aim to build a secure cobalt supply chain by developing mid- stream processing of intermediates & black mass Cathode Mine / Cathode Cathode/ Concentrate Intermediate Refining Active Cells Cell Pack Battery Rec
Slide 11: Non-FEOC Demand and Supply
Non-FEOC Demand and Supply 140 Demand 120 COB Supply 100 ~10% Speed to market For personal use only tonnes Co 80 • Targeting ~10% of non-FEOC cobalt supply chain Market Gap 60 • Producing cobalt metal & sulphate 40 • First operations within 18-24 months Supply 20 Investment ready 0 Project partner
Slide 12: High Purity Cobalt Sulphate
High Purity Cobalt Sulphate Targeting 10% of non-FEOC cobalt supply chain For personal use only • Speed to market with first operations within 18-24 months • Potential by-products - nickel, manganese, lithium, graphite • Cost advantages through proprietary processing flowsheet Corporate Structure* R
Slide 13: Australia's first cobalt sulphate refinery
Australia’s first cobalt sulphate refinery For personal use only Source: Cobalt Blue Holdings Limited 9
Slide 14: Broken Hill Technology Centre
COB has invested over A$15m in developing a facility that has successfully demonstrated all stages For personal use only of our minerals processing technology. Currently producing cobalt metal and cobalt sulphate Supports ongoing R&D activities and contract testwork Opportunity to commercially
Slide 15: Broken Hill Cobalt Project
Demonstration Portal Decline Ancillary infrastructure Power, water, rail and road connections to existing networks (onsite renewable power generation also being considered). One of the world’s largest undeveloped cobalt For personal use only Integrated Waste Landforms resources, set to become a ge
Slide 16: COB Capital Structure
COB Capital Structure As at market close 13 November 2025 For personal use only Ordinary Shares 511.8m Performance Rights 6.9m Options (expiry 23/4/2027 Ex. Price $0.20) 41.8m Options (expiry 18/9/2028 Ex. Price $0.08) 11.1m Options (expiry 24/9/2028 Ex. Price $0.08) 9.6m Market Cap (undiluted) $58.
Slide 17: Compliance Statements
Compliance Statements Information included in this presentation is, in part, extracted from reports available via Assumption Input https://www.cobaltblueholdings.com and is referenced in the following Compliance For personal use only Statements. Cobalt Price US$60,186/t (AU$85,980) The Company confi
Slide 18: 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. For personal use only Classification Tonnes (Mt) CoEq (ppm) Co (ppm) S (%) Ni
Slide 19: Disclaimer
Disclaimer The following notice and disclaimer apply to this investor presentation (Presentation). Forward-looking statements and forecasts You are, therefore advised to read this carefully before reading or making any other use This Presentation contains certain “forward-looking statements” and com
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