COB - Quarterly Activities Report September 2025
The market has changed. There is now strong and sustained interest across the country for the development of critical minerals mining and processing projects.
Over the last quarter, the Company has continued to make strong progress towards delivering on the strategy of building Australia’s first cobalt refinery. The WA Department of Water and Environmental Regulation granted a ‘Works Approval’ license for the refinery, and the Company completed production of cobalt sulphate to the specifications outlined by our project partner Iwatani Corporation. The activities are now focused on securing binding offtake agreements which, in turn, unlock project financing.
Key highlights from the Quarter include:
Kwinana Cobalt Refinery
Works Approval granted
Broken Hill Cobalt Project
Major Project Status extension
Broken Hill Technology Centre
Battery Black Mass Under Evaluation as Feedstock
Cobalt Sulphate Produced to Specification
Completion of 100-hour Solvent Extraction Pilot
Senator Ayres visit to BHTC
Project with the Sustainable Minerals Institute from the University of Queensland and ARC Training Centre in Critical Resources
Halls Creek Project
Engineering review targets major uplift
Commodity trends
DRC government replaces cobalt export ban with new quota system
New Critical Minerals Framework Targets Investment-Ready Processing Projects
Corporate matters
Capital raising
Investor and marketing presentations
Expenditure
Operational review
