Cobalt Blue updates on Kwinana refinery strategy and BHCP DFS | News Direct

Cobalt Blue updates on Kwinana refinery strategy and BHCP DFS

Cobalt Blue Holdings Ltd
News release by Cobalt Blue Holdings Ltd

facebook icon linkedin icon twitter icon pinterest icon email icon Melbourne, Victoria | October 10, 2023 01:30 PM Eastern Daylight Time

Cobalt Blue Holdings Ltd (ASX:COB, OTC:CBBHF) commercial manager Joel Crane gives Proactive a progress report on the company’s integrated Australian cobalt supply strategy and definitive feasibility study (DFS) which is nearing completion for the Broken Hill Cobalt Project (BHCP). The strategy incorporates a refinery at Kwinana in Western Australia at which cobalt sulphate will be produced for export, initially using third-party raw materials before utilising the cobalt MHP from the BHCP in Broken Hill, Far West New South Wales. The decision comes at a time of increased focus in the US and Europe on developing critical minerals supply chains to serve the burgeoning electric vehicle and clean, green energy sectors.

Cobalt Blue is a mining and mineral processing company focussed on the development of the Broken Hill Cobalt

Project in New South Wales, Australia. The portfolio of three granted tenements in a total area of 49 km2 containing large-tonnage cobalt-bearing pyrite deposits are located 23 km west of Broken Hill. COB has developed a patented minerals processing technology for treating pyrite feedstocks targeting 85–95% recovery of cobalt from ore to product (as Mixed Hydroxide Precipitate or Cobalt Sulphate). The Broken Hill Cobalt Project has a targeted project life of +20 years and is expected to be a significant employer in Regional NSW, with around 400 full-time jobs generated. COB will become a global top 5 supplier of battery-grade cobalt (ex-China).



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Proactive Investors


Jonathan Jackson


+61 413 713 744

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