Broken Hill Prospecting develops action plan to get cobalt project ‘back on track’
A four-step plan aims to deliver on the value of the Thackaringa project for all joint venture stakeholders.
Company
ASX:COB
Cobalt Blue is a minerals processing and mining company with interests in cobalt, nickel, copper, zinc, silver and sulphur. The company's critical minerals strategy focuses on building mid-stream processing capabilities in Australia and diversifying supply chains among like-minded countries.
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A four-step plan aims to deliver on the value of the Thackaringa project for all joint venture stakeholders.
Investments and investor services
CEO Joe Kaderavek will speak at the conference on Thursday and will host one-on-one meetings.
An independent director purchasing options shows confidence in the company's future.
91,500 shares were purchased at prices between 21.5 and 22.5 cents per share.
The largest single drilling campaign undertaken at the project near Broken Hill will see more than 15,000 metres drilled.
The company says the decision by its JV partner represents a big shift in value for shareholders.
Re-assaying of historical core has highlighted the potential of the prospect along strike from the Broken Hill ore body.
A gap analysis review by Wood PLC has identified areas where further pre-BFS technical work is required.
The company will undertake the largest single drilling campaign at the Thackaringa Cobalt Project near Broken Hill.
Cobalt Blue has a proprietary technology to recover cobalt from cobalt-pyrite concentrate.
Recent pre-feasibility study confirmed that the Thackaringa project is of global significance as a potential source of high-purity cobalt for the battery revolution.
Recent pre-feasibility study (PFS) justifies proceeding the project towards commercial development.
Optimisation studies form part of a Bankable Feasibility Study (BFS) for the world-class project located near Broken Hill.
Independent Investment Research has a new research report out on the company.
Numerous polymetallic prospects have already been identified ranging from emerging through to advanced.
Nick Giorgetta says the annual event is unique as delegates can also tour working mines.
The Thackaringa Joint Venture is working on processing options, including a ‘cobalt concentrate only’ process.
The demand driven by lithium-ion batteries continues to substantially outpace cobalt supply.
A-Cap Resources will invest up to 2.25 million over two years to earn a 60% interest in Marlborough property.
S&P expects mined cobalt supply to increase at a CAGR of 12% to 2021.