October 2017 Investor Presentation Proactive Investors CEO Session COB : ASX
Cobalt – the new energy revolution Share of raw materials’ end -us use in batterie ies, 2015 The New Energy gy sector r is disr srupti uptive, , rapi pidl dly y evolving, , and deliverin ring g ret eturns urns INCRE REAS ASINGL INGLY INVES ESTAB ABLE LE: ▪ Cyclical winners and losers as the sector progresses. RAW W MATE TERIAL RIALS: S: ▪ Cobalt is a vital component in rechargeable batteries ▪ EV penetration rate of 1% by 2020 increases auto battery cobalt demand by 44% CAGR Cobalt alt demand and by end-us use EV EV-driv iven en cobalt alt demand and Source: CDI, USGS, company data, Hillcrest Consulting research estimates 2
Cobalt – less growth Cobal alt t suppl ply constr strained ained ▪ Cobalt supply growth in copper/nickel by- product will average 3-4% to 2020. ▪ Cobalt demand growth will average 9% to 2020. ▪ Forecast cobalt shortage of 10-20Kt by 2020. Source: CRU ▪ Cobalt Blue tonnes are required for market balance in the longer term. Nickel/C /Cob obalt alt Supply Forecast st Copper er/Co /Coba balt lt Supply ly Forec ecast ast Source: Hillcrest Consulting research estimates 3
Cobalt Market - Supply Side at Risk Source: CRU & Cobalt Blue Holdings 4
Why Cobalt Blue? 1. Cobalt an essential, high value metal with significant recent price appreciation 2. Thackaringa aiming to be a top 5 global producer of cobalt sulphate, largest non DRC mine globally 3. Cobalt Blue only “pure play cobalt” ASX listed company with >80% leverage to cobalt 4. Broken Hill location provides significant operating cost savings – available people, power, water, road and rail access 5. Australia – safe and secure jurisdiction ▪ Scoping Study completed June 2017 ▪ Commenced Pre-Feasibility Study August 2017 Source: Cobalt Blue Holdings 5 5
Thackaringa – World Class Logistics Source: Cobalt Blue Holdings 6
Thackaringa – significant resource Source: Cobalt Blue Holdings 7
Thackaringa – Railway Deposit Railway Deposit Source: Cobalt Blue Holdings 8
“FY18 – an even bigger year for Cobalt Blue” >10,000m of drilling targeted for FY18 = One of the largest cobalt exploration commitments on the ASX ASPIRA IRATIONA TIONAL TARGE GET: : Significant improvement in size of the Thackaringa cobalt deposit = A global top 5 mining operation with 20 year + life OUR SCHEDULE HEDULE OF WORK RK IS AS FOLLOWS: : Source: Cobalt Blue Holdings 9
Thackaringa - process summary Source: June 2017 Scoping Study – Cobalt Blue Holdings Ltd Minimum target payment terms: 100% LME cobalt pricing High-grade cobalt sulphate crystals possible for 5-10% premium margin 10
COB Focus - Li-ion Battery Supply Chain Source: Cobalt Blue Holdings 11 11
The Cobalt Blue Management Team “Extensive expertise in mineral exploration and mine development, investment management, corporate law and energy storage.” Indep epen endent dent Chairm rman an – Robert t Biancar ardi di ▪ IBM, Citibank, Westpac and Evolution Healthcare senior management and Director ▪ Numerous directorships of private companies including Rockridge Private Equity, Hutchisons Child Care (successful ASX listing) ▪ Board Member of the Heart Foundation of Australia, Diabetes Association and the “Bread & Butter” Project Chief ef Executiv utive Offic icer r – Joe Ka Kadera eravek ek ▪ Deutsche Bank, Head of Resources, equities / investment management, resources and energy storage technology focus ▪ PricewaterhouseCoopers performing operational reviews and strategic assessments across mining, minerals processing, railway and port facilities throughout Australia, North America and Europe; worked extensively on secondment to BHPB and Rio Tinto ▪ International consulting role focused on renewable energy / battery storage technologies Direc ector or – Anthony “Trangie” Johnston ▪ Geologist with 20 years experience in exploration, project development and mining activities ▪ Career spans the private, public, consulting and government sectors, with experience both throughout Australia and internationally ▪ CEO of Broken Hill Prospecting, a diversified minerals sands developer Indep epen endent dent Direc ector or – Hugh Kelle ller Partner Blake Dawson (now Ashurst) and its predecessor firms for 35 years until retirement ▪ from full time legal practice in 2010. ▪ Non-executive director of ASX listed Thakral Holdings Ltd and of LJ Hooker Ltd and in both companies was a member of the Audit Committee; Chairman of a large private investment company with over $150m of net assets. Indep epen endent dent Direc ector or – Matt Hill ▪ CEO ASX/NZX New Talisman Gold Mines Limited responsible for bringing NZ’s Highest grade underground gold mine into development Corporate advisor with over 20 years experience in Venture Capital/Private Equity, ▪ specialising in resource companies and capital markets. 12
Cobalt Blue – fit for purpose vehicle ✓ Tight Register (95 m shares) + $5.7m cash ✓ Pure cobalt metal focus – no nickel, copper, gold - Strongest leverage to cobalt amongst listed companies ✓ Sustainable, green cobalt – Australian based operations, large and clean orebody Share re Catalysts ysts: ✓ 3 months - Bulk sample processing test results due – strong catalyst in play ✓ 6 months – Upgraded Resource Definition (target 40Mt Indicated Resource) ✓ 9 months – Pre-Feasibility Study = introduce Thackaringa as a world class asset ✓ 21 months – Bankable Feasibility Study + stakeholder permits in place = decision to mine COBA BALT T BLUE UE ASPIR PIRES ES TO BE A TOP 5 GLOBAL AL MINER ER 13
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