Cobalt Blue Holdings

JOE KADERAVEK

CEO

(ASX:COB)

◾ Company Name: Cobalt Blue Holdings ◾ Company ASX code: COB ◾ Key commodities: Cobalt, elemental sulphur ◾ Key Personnel: Joe Kaderavek, CEO | Dr Andrew Tong, Executive Manager | Joel Crane, Investor Relations / Commercial Manager ◾ Locations: Broken Hill NSW ◾ Market Cap as of 15/07/22: $201.22M ◾Share price range over 12 months as of 15/07/22: $1.03 - $0.23 ◾ Company Website: cobaltblueholdings.com

COMPANY PROFILE

Operating out of far-western New South Wales’ spiritual home of mining, Cobalt Blue is a company with a very clear ambition – to become one of, if not the largest, cobalt producers on the planet.

It’s a lofty ambition, but the company says that it’s well on its way to being noticed by a number of heavyweights in the battery industry – More than 50 of the world’s largest battery manufacturers have their attention focused firmly on its Broken Hill Cobalt Project.

That project sits about 25km southwest of its namesake town, occupying some 37km2 of a broader tenement holding of almost 220km2 .

The geology underpinning the Broken Hill Cobalt Project carries with it a superb pedigree, as it’s located in a region that is known worldwide for producing simply enormous quantities of raw materials that are processed and used in manufacturing throughout countless sectors.

Perhaps even more critically, given the number of existing operations in the region, access to established solutions in equipment and logistics is vastly simplified over other companies that have needed to strike out further afield, and face issues with moving its product to buyers.

Cobalt Blue’s 100% wholly-owned tenement of projects sits atop a deformed and metamorphosed Proterozoic supracrustal rock succession named the ‘Willyama Supergroup’, which hosts many metalliferous occurrences, including the giant Broken Hill lead-zinc-silver orebody.

The approach taken by Cobalt Blue is one that the company is rightly proud of, given that it’s low-cost, and utilises a process that separates over 80% of the waste from the ore at the first step, which means Cobalt Blue will end up refining less than 20% of the material brought out of the ground, to produce a 0.5% cobalt content concentrate.

Guiding the project is CEO Joel Kaderavek, who has held senior management roles with Price Waterhouse Coopers, Five Oceans Asset Management, and Deutsche Bank.

Over the course of his career, Kaderavek has managed investments in the global resources and minerals processing industries, including the management of turnaround projects supporting corporate targets, mergers, and divestment activities.

Alongside Kaderavek on the board of directors is Robert Biancardi (Independent Chairman), who has held senior roles with numerous major corporations over 35 years, including IBM, Citibank, Westpac, and Evolution Healthcare.

Also on the board are former Managing Partner at Blake Dawson (now Ashurst) and its predecessor firms Hugh Keller, and Rob McDonald, who held Business Development and Strategic Planning roles with the Rio Tinto Group for more than a decade.

The company’s executive manager Dr Andrew Tong, is a metallurgist with over 20 years’ experience in project development, mining and processing, including roles such as CEO and Board roles for Compass/Northern Territories Resources, Goldsmith Resources (Peru) and Australia Gold.

Cobalt Blue is a proud member of the Future Battery Industries Research Program, and says that its current partners are among the top tier of the world’s battery manufacturers, and that having these commercial relationships in place at this stage in the project demonstrates its potential.

Its demonstration plant is currently operational, to provide proof of concept for the project to deliver its product free from the unethical and unsustainable conditions or the poor environmental practices typical of third world extraction.

KEY INVESTMENT HIGHLIGHTS

JUNE 20, 2022: Ore extraction underway at COB Demonstration Plant, Broken Hill. APRIL 28, 2022: Broken Hill Cobalt Project awarded $15m Critical Minerals Accelerator Federal Government Initiative Grant. MAR 2, 2022: Broken Hill Cobalt Project granted major project status by Australian Federal Government. DECEMBER 21, 2021: COB executes Memorandum of Understanding (‘MOU’) with Queensland to explore extraction of cobalt from existing mine waste.