Cobalt Blue updates on Kwinana refinery strategy and BHCP DFS

Cloud PRWire

–News Direct–

Cobalt Blue Holdings Ltd (ASX:COB, OTC:CBBHF) commercial manager Joel Crane gives Proactive a progress report on the companys 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 8595% 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).

Contact Details

Proactive Investors

Jonathan Jackson

+61 413 713 744

jonathan@proactiveinvestors.com

View source version on newsdirect.com: https://newsdirect.com/news/cobalt-blue-updates-on-kwinana-refinery-strategy-and-bhcp-dfs-732240644

Cobalt Blue Holdings Ltd

comtex tracking

COMTEX_441700774/2655/2023-10-10T13:29:18