Cobalt Blue Holdings Ltd. · ASX:COB
Cobalt Blue — Investor Presentation (August 2020)
25 slides from Cobalt Blue's investor presentation, Aug 5, 2020
Slide 1: Q3 2020 Company Presentation
Q3 2020 For personal use only Company Presentation ASX: COB
Slide 2: Q3 2020 – Funding: Placement & SPP
Q3 2020 – Funding: Placement & SPP For personal use only COB is seeking funds to achieve the following milestones: ❑ $3.0m Pilot Plant – targeting up to 200 kg of cobalt sulphate by Q1 2021 (Demonstration Plant will then target up to 2,000 kg). ❑ $1.0m Engineering and technical studies towards Feasi
Slide 3: Cobalt Blue Holdings – ASX listed
Cobalt Blue Holdings – ASX listed For personal use only ASX: COB ▪ Cobalt exploration and development company. Commodities: ▪ Cobalt and Sulphur Capital Structure: ▪ Ordinary Shares at 03/08/2020: 159.9m ▪ Options (unlisted): 5.6m ▪ Convertible Note1 (3yr to 2023): $1.0m ▪ Promissory Note2 (5yr to 2
Slide 4: Introducing Cobalt Blue (COB)
Introducing Cobalt Blue (COB) For personal use only Our focus is on meeting future energy storage needs by: ❑ Developing a significant global cobalt resource, the Broken Hill Cobalt Project (BHCP): ❑ Project Update 2020: ↑ Increased Ore Reserve. ↑ Longer Operating Life. ↓ Capital Costs. ↓ Operating
Slide 5: Strong investment fundamentals
BHCP - strong investment fundamentals Australia’s largest cobalt sulphide deposit & aim to be a top 10 global cobalt mine For personal use only ❑ Project life target is +20 years. ❑ Politically stable jurisdiction. Established infrastructure in a mining district. Flexible, low cost production ❑ Coba
Slide 6: Outstanding capital efficiency
BHCP – outstanding capital efficiency For personal use only New global projects running at 3 to 4x COB capital intensity 6
Slide 7: Timeline
BHCP – Timeline For personal use only The BHCP development timeline is shown below: Source: Cobalt Blue Holdings Limited 7
Slide 8: Position in the global cobalt value chain
BHCP in the global cobalt value chain For personal use only Cobalt Products & Payables: Project Product Australian Government - Development Support Source: Cobalt Blue Holdings Limited 8
Slide 9: Appendix
Appendix For personal use only Additional material: • BHCP Project Description. • Strategic Partners. • COB Partnerships. • Our Team.
Slide 10: A Globally Significant Australian Project
A Globally Significant Australian Project For personal use only Broken Hill Cobalt Project (BHCP) Overview: ❑ Targeted project life +20 years: ▪ Mineral Resource 123 Mt for 81,400 t cobalt*, with significant expansion potential via exploration and acquisition. ▪ 3,500+ tpa of cobalt (as cobalt sulph
Slide 11: Project Metrics
BHCP – Project Metrics For personal use only Financials* ▪ Pre-Tax NPV7.5 A$861m (IRR 23%) ▪ Post Tax NPV7.5 A$554m (IRR 19%) ▪ Payback: 4.5 years ▪ EBITDA A$3.05B generated LOM (Co: US$27.5/lb, S US$145/t, Ni US$6.0/lb, FX A$ $0.70) Parameters ▪ ~3,500 tpa cobalt sulphate ▪ 300,000 tpa sulphur ▪ 17
Slide 12: Operating Costs
BHCP – Operating Costs For personal use only All In Sustaining Costs - lowest quartile of global producers *Project Update 16 July 2020 - Value Engineering Study including nickel credits. Source: Cobalt Blue Holdings Limited 12
Slide 13: Significant logistical advantages
BHCP – significant logistical advantages For personal use only Broken Hill - people, power, water, road and rail benefits. Source: Cobalt Blue Holdings Limited 13
Slide 14: Mineral Resource Summary
Mineral Resource Summary For personal use only Refer to Compliance Statements on pages 22 to 24. 14
Slide 15: MHP
BHCP – MHP For personal use only BHCP - Mixed Hydroxide Product (MHP) ❑ High Grade: 37% cobalt. ❑ Byproduct Credit: 7% nickel. ❑ Low trace metal impurities – Cu, Fe, Mn. ❑ Trading terms minimum grade is 30% Co content. Typical content from testwork: Ca Co Cl Cu Fe Mn Ni Zn 2.5 % 37 % 7% 0.01 % 0.07
Slide 16: Cobalt Sulphate
BHCP – Cobalt Sulphate BHCP – Cobalt Sulphate Heptahydrate (CoSO4.7H20) For personal use only ❑ High Grade: 20.8% cobalt. ❑ Low trace metal impurities. Source: Cobalt Blue Holdings Limited 16
Slide 17: Elemental Sulphur
BHCP – Elemental Sulphur BHCP – Elemental Sulphur For personal use only ❑ >99% purity (max 0.2% Fe, 0.5% SiO2) ❑ Physical Form: Prills (2 – 5 mm) ❑ Australia: 1mtpa deficit market: ▪ fertiliser feedstock (55%) ▪ metallurgical consumption (43%) Source: Cobalt Blue Holdings Limited 17
Slide 18: Strategic Partners
Strategic Partners For personal use only Existing Partnerships - LG International and Mitsubishi Corporation. Source: Cobalt Blue Holdings Limited Cobalt products assessment includes Sojitz Corporation + others (under NDA). 18
Slide 19: COB Partnerships
COB Partnerships For personal use only Commercialising the COB Process: ❑ COB Process (technology) is a patented asset. ❑ Short-term: ▪ understanding market size - proving the COB Process works for different styles of mineralisation. ▪ consulting fees. ❑ Long-term: ▪ project participation. ▪ joint m
Slide 20: Australian Critical Minerals
Australian Critical Minerals For personal use only Assisting in the development of Australia’s battery capabilities Participating with Australian industry and researchers to develop processing pathways for refined battery raw materials. A$1.57m grant awarded from CRC-Project Program Round 8. COB led
Slide 21: The Cobalt Blue Team
The Cobalt Blue Team For personal use only “Extensive expertise - mineral development, investment management, corporate law and energy storage.” Independent Chairman – Robert Biancardi ▪ IBM, Citibank, Westpac and Evolution Healthcare (senior management and director). ▪ Numerous directorships of pri
Slide 22: Compliance Statements
Compliance Statements For personal use only COB confirms it is not aware of any new information or data that materially affects the information included in the relevant market announcements. In the case of Mineral Resources, Ore Reserves and production targets, all material assumptions and technical
Slide 23: Compliance Statements
Compliance Statements For personal use only Slide 10 (continued): The Ore Reserve estimate, production target and metallurgical results are as released in the market announcement titled ‘Broken Hill Cobalt Project (BHCP) Project Update 2020’ available to view at https://www.cobaltblueholdings.com/.
Slide 24: Compliance Statements
Compliance Statements For personal use only Slide 7: Preceding and superseded Mineral Resources listed within the BHCP development timeline are as released on: ▪ 4 April 2019 in the market announcement titled ‘Significant Thackaringa Resource Upgrade’ available to view at https://www.cobaltblueholdi
Slide 25: 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
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