Cobalt Blue Holdings

Financials:

Primary ticker: ASX:COB
Stage of development: Development
Primary minerals: Cobalt Sulphur
Project to promote: Broken Hill Cobalt Project
Project location: Australia
Website: www.cobaltblueholdings.com

 

Cobalt Blue is a pure-play cobalt focussed energy solutions company, which was incorporated on 26 August 2016 for the express purpose of advancing the development of a cobalt mining operation near Broken Hill in New South Wales, Australia.

While the Company’s efforts will be focussed on advancing the Broken Hill Cobalt Project, should it be appropriate, other (yet to be identified) prospects may expand the overall cobalt asset portfolio.


Cash:
AUD$12M

Debt: AUD$3M

Major Shareholders:
Citicorp Nominees Pty Limited – 7.88%
BNP Paribas Nominees Pty Ltd – 2.94%
American Rare Earths – 2.41%
Hill Family Group Pty Ltd – 2.27%
Pearce Financial Services Pty Ltd – 1.90%
Management Ownership – 6%

Management Profile

Joel Crane  – Investor Relations / Commercial Manager

Joel has spent the majority of his career specialising in commodity and economic market analysis. His well-earned reputation in the industry has been gained through being able to translate complex issues into concise conclusions.


His extensive career portfolio includes 12 years working in top-tier global financial institutions (Morgan Stanley, Deutsche Bank) covering all major metals and bulk commodities – including the key battery raw materials. For the five years prior to joining Cobalt Blue, he was with Rio Tinto (Singapore and Melbourne) where, as a Senior Manager, he led teams within the internal Market Analysis Group that were tasked with conducting and communicating market and business analysis to the executive leadership. In this role, Joel directly supported the CEO with economic and commodity market analysis.

What is your rationale for taking part 121 Mining Investment?

The Broken Hill Cobalt Project is one of few new cobalt projects ex-Africa. The objective is to create awareness amongst global resources investors.

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

28 October 2021 – Pilot Plant successfully produces cobalt sulphate samples
cobaltblueholdings.com/news/pilot-plant-successfully-produces-cobalt-sulphate-samples


26 October 2021 – Cobalt Blue participation in Cathode Precursor Production Pilot Plant
cobaltblueholdings.com/news/cobalt-blue-participation-in-cathode-precursor-production-pilot-plant


21 December 2021 – COB executes Memorandum of Understanding (‘MOU’) with State of Queensland
cobaltblueholdings.com/news/cob-executes-memorandum-of-understanding-mou-with-state-of-queensland

What are your key goals in 3 months, 6 months, 12 months?

3 Months:

Construction of the demonstration plant and on-site concentrator to provide sample representation of on 3,000-4,000t of ore, producing cobalt hydroxide and cobalt sulphate


6 Months:
Cobalt Sample Partner / Qualification Program from Demonstration plant completed – advanced stages of commercial partner negotiations.


12 Months:

Final stages of Feasibility Study, EIS Report and other permitting that will inform to Final Investment Decision

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

Our key challenge is proving that the Broken Hill Cobalt Project can produce large scale, high quality cobalt materials. COB is building a 1:1,000 scale Demonstration Plant to prove up the process, simultaneously producing sample products for over 30 global partners. These products will enable COB to pre-qualify as a supplier to the battery industry.

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

$30m spent in feasibility studies to date with FID due in 2023F. Processing testwork complete, with significant expansion potential to roll out IP across cobalt in tailings. LG International remains a core shareholder.

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

(1) Large (top 10) , long life (20 years) ethical cobalt mine.
(2) Cash costs (US$<10/lb) with capital Intensity <1/3 of any peer project.
(3) Flexible production strategy targeting maximising cobalt margin across commodity cycle