Cobalt Blue Holdings

Primary ticker: ASX:COB
Stage of development: Exploration
Commodity: Cobalt Sulphur
Project to promote: Broken Hill Cobalt Project

Live financials

Cobalt Blue Holdings Limited (ASX:COB) is a cobalt development company developing the Broken Hill Cobalt Project in NSW, Australia with targeted production of up to 4,000 tpa of cobalt and 300,000 tpa of elemental sulphur.

COB has a First Mover partnership with LG International, the resources investment arm of LG Corporation providing financial + technical co-operation and has an agreement with Mitsubishi Corporation with the aim of being a new supplier of elemental sulphur.

The sulphur will be in a prilled formed, suitable for long-distance transport and rehandling, without production of excess dust or fine particulates. The supply will be close to the end-user markets throughout Australia and South-East Asia.

Management Profile

Joe Kaderavek – CEO

Mr Kaderavek, an aerospace engineer, commenced his career as an RAAF Engineering Officer before transitioning to PricewaterhouseCoopers, preparing operational reviews and examining strategic options across mining, processing, railway and port facilities throughout Australia, North America and Europe. Operationally he has seven years of experience in large open cut mining operations and associated logistics. Over the last 15 years he has been involved in equities/investment research (including senior roles with Deutsche Bank and Five Oceans Asset Management) focussed on mining, minerals processing and energy storage technologies. Mr Kaderavek also held an international consulting role focussed upon renewable energy and battery storage technologies.

What is your rationale for attending 121 Mining Investment?

Investment awareness campaign.

What recent news would you like to highlight to investors attending?

First Mover partnership with LG International, the resources investment arm of LG Corporation. Providing financial + technical co-operation.

PFS – Strong Testwork Results achieving 88% cobalt recovery from ore.

Significant Mineral Resource upgrade – 111Mt at 889ppm cobalt-equivalent (CoEq) (715ppm Co & 7.8% S) for 79,500t contained cobalt.

Agreement with Mitsubishi Corporation for market evaluation of elemental sulphur.

Successful grant of Exploration Licence Application 5805 (‘ELA5805’). The tenement application comprises eleven (11) units with COB’s strategic
exploration footprint in the Broken Hill region to increase by over 50% on grant.

What are your key goals for the next 3, 6 and 12 months?

3 Months:

Further testwork on cobalt in pyrite ores – facilitating potential Australia wide partnerships.

6 Months:

Pilot Plant build, commission and operation.

12 Months:

Demonstration Plant build, commission and operation.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Feasibility Study presents further risks. Others include macroeconomic risks such as commodity, fx and cost of capital.

What do you think makes your company such a compelling investment?

Globally significant (Top 10) mine (4,000tpa Co), long life (>20 years), lowest quartile cash cost. safe jurisdiction.