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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“Strong progress allowed us to extract further ore for better overall representativity. The completion of the mining, and now crushing, sets up Demonstration Plant operations in coming months,” said CEO Joe Kaderavek.
The demonstration plant’s comminution and concentrate circuits have been commissioned with operations underway.
Global capital markets group Canaccord Genuity recently visited the company’s Broken Hill Cobalt Project (BHCP) in the Far West of New South Wales.
“We anticipate the demonstration plant will deliver more than 3,000 kilograms of cobalt products from June to November, providing technical validation of our processing technology, product quality and underpinning project investment,” said
"We anticipate the Demonstration Plant will deliver over 3,000 kilograms of cobalt products from June-November 2022. In parallel, we have received better than expected demand for larger-scale samples globally,” says CEO.
The company has been awarded an Australian Government A$15 million Critical Minerals Accelerator Initiative grant and this follows the Broken Hill Cobalt Project being granted Major Project Status.
The BHCP is the only large-scale, ex-African, greenfield primary cobalt project globally and a top-five cobalt project (ex-Africa). BHCP production will lift Australia into the top three global cobalt producers.
“Last year, our successful Pilot Plant opened the door to new partners. These large-scale demonstration plant cobalt samples are a game-changer for COB, providing operating proof for project equity/debt funders and simultaneously providing
Production at the Broken Hill Cobalt Project will make Australia the second biggest producer of cobalt in the world.
The company will undertake test-work to evaluate minerals processing options, including the application of its proprietary minerals processing technology to recover target metals from feedstocks nominated and provided by the Queensland Depa
South Korea is playing the key role in driving the market for critical ‘green’ minerals just as Japan did at the start of the iron ore boom decades ago that changed the mining industry forever.
The strategy highlights that the global cobalt demand is expected to increase 300% between now and 2035 primarily due to its continued use in lithium-ion batteries.
As a future ethical supplier of cobalt, COB is encouraged by trends in EV use in China, Europe and the US along with developments in India which is implementing reforms to accelerate new low carbon sectors such as renewable energy, energy s
The MHP to cobalt sulphate refinery aims to produce high-purity, high-value cobalt sulphate heptahydrate crystals, suitable for direct use as a raw material into the cathode precursor industry.
The company has been granted Exploration Licence 9254 and its tenement portfolio at and around the Broken Hill Cobalt Project totals approximately 220 square kilometres.
The company's Global Sample Partner Program has exceeded expectations with more than 30 partners requesting cobalt samples.
As part of its ongoing commitment to responsible and sustainable mining practices, Cobalt Blue will adopt a global assessment methodology as it works to become one of the world’s largest cobalt producers.
Cobalt Blue’s Broken Hill Cobalt Project differs from other projects in that cobalt is the primary revenue stream.
The update takes into account base metals, some of which COB believes have the potential to be converted into an ore reserve if sufficient economic grade and quantities exist.
The Broken Hill Cobalt Project Pilot Plant has produced a variety of high-grade, tailored MHP specifications for the company’s BHCP Global Project Partner search.
