- Cobalt Blue is focused on meeting future energy storage needs with a reliable source of ethical cobalt.
- A strong blend of board and management team holding extensive operational and technical experience is critical for the success of a company.
- COB’s management team holds extensive expertise in mineral exploration and mine development, investment management, corporate law and energy storage.
- Management team’s sights are set on making COB a pioneer for Australia’s domestic battery industry through the Broken Hill Cobalt Project.
Australian exploration and development company, Cobalt Blue Holdings Limited (ASX: COB) is a pure play cobalt player, advancing on the development of its flagship wholly owned Thackaringa Cobalt Project and a proprietary processing technology to produce high-value battery grade cobalt products. Thackaringa Project, also known as Broken Hill Cobalt Project (BHCP) is a significant global cobalt resource, the largest greenfield cobalt project outside Africa.
With proactive efforts from the management, Cobalt Blue formed mega corporate partnerships with LG international and Japanese major Mitsubishi, to produce high quality battery grade cobalt products and viable elemental sulphur products, respectively.
Under the IEA’s 2 Degrees Celsius Scenario (2DS) to control climate change, an increase of approximately 460% in demand for cobalt by 2050 against the 2018 levels is expected, requiring efficient, reliable and clean supply of cobalt.
Owing to the current cobalt markets maligned for child labour, inhumane artisanal mining conditions and frequent supply disruptions due to civil unrest and political instability in producing regions, especially DRC, a clean and reliant source of cobalt is the call of the time.
With lawsuits against Apple, Alphabet, Dell, Microsoft and Tesla, the 5 dominant technology players, claiming failed supply chain regulation and knowingly benefitting from the use of young children at cobalt mines resulting in several cases of injuries and deaths of child labourers, end users are now becoming aware and conscious about the source of cobalt in their mobile handsets, electronic equipment and cars.
Strong and Veteran Management Team Leading Cobalt Blue’s Path
A sustainable supply of cobalt requires development of large mining operations in stable jurisdictions. Cobalt Blue is backed by a strong management and technical team to lead the Broken Hill Cobalt Project in the tier 1 mining jurisdiction of New South Wales, and design the project to operate as both a cobalt mine and refinery that produces battery-ready cobalt sulphate.
Let’s get acquainted with the Management Team at Cobalt Blue, who has extensive expertise in areas like mineral exploration and mine development, investment management, corporate law and energy storage.
Mr Biancardi is a distinguished professional with over 35 years of experience across sectors including IT, finance, healthcare and services. He specialises in corporate marketing and holds board experience across both listed and privately held firms across corporate advisory and capital management domains.
In the past, Mr Biancardi served at senior roles at Westpac Banking Corporation (ASX:WBC), IBM and Citibank. He also held directorships and served as chief executive officer of Rockridge Group (Private Equity), Hutchisons (Child Care Services) Limited and other companies. Besides being a board member of the Heart Foundation of Australia (FIPOC) for more than seven-year period, he served as the president and director of NSW’s Restaurant & Catering Association for 13 years.
Currently, Mr Biancardi is a board member of a social enterprise, The Bread & Butter Project and a director at Evolution Healthcare. At Cobalt Blue Holdings, he is also part of the committees for nomination, remuneration audit and risk.
Mr Kaderavek holds extensive exposure of around 15 years in equities and investment research related to mining, minerals processing and energy storage technologies. In addition to a detailed understanding of the energy storage market and battery technology, he has significant experience in investment management in industries like minerals processing and global resources. Moreover, his experience covers management of turnaround projects, supporting corporate targets and activities related to merger and divestment.
In the past, Mr Kaderavek held senior roles at Deutsche Bank and Five Oceans Asset Management. After commencing his career as a RAAF engineering officer, he later handled activities related to operational review preparation and strategic option assessment across mining, processing, port and railway facilities at PricewaterhouseCoopers. His tenure with PwC covers regions, including Europe, Australia and North America.
Most recently, he handled an international consulting role, focused on battery storage technologies and renewable energy.
Mr Keller holds vast experience in the legal domain with expertise in assessment of business contracts and arrangements, in addition to the audit process of a regulated listed entity. His excellent business, people and resources management exposure play a significant role in planning and executing long-term large growth projects. He also chairs the Audit, Risk and Remuneration and Nomination Committees at Cobalt Blue Holdings.
In the past, Mr Keller had a very successful tenure as a solicitor. Later, he joined Dawson Waldron (now Ashurst) as a partner, where he continued his legal journey until his retirement in 2010.
Additionally, he held a directorship role at ASX-listed Thakral Holdings Limited, which was later acquired by Brookfield, and served as a non-executive director at LJ Hooker Limited. His long and glorious career also includes chair position at a large private investment firm with over $150 million net asset base, few small investment firms and a privately held small exploration player.
Mr Keller, in addition to offering consulting services to several other firms, is working with a charity as a non-executive director and chairman of its audit committee.
Holding 40 years of international mining sector experience, Mr McDonald is a seasoned executive with a strong background in project development, optimisation, strategy, business development, fund and transaction management and capital markets.
He started his career with Rio Tinto (ASX:RIO) and later moved to taking up senior roles in investment banking and private equity domains. In the past, he held positions on board of multiple publicly listed mining firms of varying scales and stages.
Currently, he also serves as Chairman of New Century Resources Limited (ASX:NCZ).
With the support of its technical team, management at Cobalt Blue remains focused on the development and commercialisation of its globally unique, long-life, low-cost cobalt operation, Broken Hill Cobalt Project and the proprietary cobalt processing technology to further enhance conventional beneficiation methods at other cobalt operations.
COB traded at $0.12 a share on 5 June 2020, with a market capitalisation of $19.19 million.
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