Cobalt Blue on track for Broken Hill Cobalt Project reserves statement
The company is building a metallurgical testing centre for the Broken Hill Cobalt Project and its processing technology.
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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The company is building a metallurgical testing centre for the Broken Hill Cobalt Project and its processing technology.
COB has agreements in place with top-tier global companies for the testing of cobalt products and sulphur samples from the metallurgical testing centre.
The company is focused on its product sample program with the aim of establishing a pilot plant in Broken Hill.
COB has agreements in place with top-tier global companies for the testing of cobalt products and sulphur samples from the metallurgical testing centre.
The equipment, including leaching circuit and specialist filter equipment, has arrived in the Port of Adelaide ready for transport and site installation.
There are signs of a strengthening market, including a price rebound, increased payability of cobalt inputs/derivatives and recent long-term cobalt deals.
The company has secured 100% ownership in the Broken Hill Cobalt Project, formerly known as the Thackaringa Cobalt Project.
A key part of the strategy will be the development of a new metallurgical testing centre in Broken Hill.
The centre forms part of the company’s two-part strategy based on bringing the Broken Hill Cobalt Project into production and commercialisation of its proprietary processing technology.
The CRC-Project and Future Battery Industries CRC provide an opportunity for COB to validate and optimise technology for the processing of cobalt-pyrite ore to generate cobalt sulphate for battery manufacture and production of elemental sul
An SSD would provide an integrated assessment pathway, minimising the number of secondary environmental approvals that must be attained for the project.
Rare earths & specialist minerals
The company has executed the final agreement for the assignment of Broken Hill Prospecting’s interests.
In a vote of confidence for the company, its board of directors and CEO have accepted stock in lieu of fees.
The company has delivered the Conceptual Project Development Plan to the NSW Department of Planning, Infrastructure and Environment.
The new plant will provide reliable test work data for incorporation into the company’s upcoming feasibility study in 2021.
The company’s board has approved a two-part strategy to drive the business in 2020 and beyond.
The company has executed a binding Heads of Agreement with Broken Hill Prospecting that will result in dissolution of the Thackaringa Joint Venture.
The trading halt will remain in place until the start of trading on Monday, December 2, or until an announcement is made to the market.
“Marking time, whilst temporary conditions are challenging, is simply not in our DNA,” Rob Biancardi told shareholders at today’s AGM.
Hardware & electrical equipment
The company has entered a test work co-operation agreement with OZ Minerals Limited.