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.

CEO Dr Andrew Tong and Investor Relations & Commercial Manager Joel Crane hosted a live webinar to discuss the current challenges and emerging solutions in the cobalt market, Cobalt Blue’s role in addressing these issues, and to provide updates on the Kwinana Cobalt Refinery and other key business developments.

CEO Dr Andrew Tong provides Proactive with a strategy and cobalt market update.

The Australian and US Governments have signed a framework agreement to support the supply of raw and processed critical minerals. The agreement seeks to accelerate project development through co-ordinated investment and a range of economic and industry policy tools.

CEO Dr Andrew Tong presented COB's innovative approach to solvent extraction at the International Solvent Extraction Conference (ISEC 2025) in Melbourne recently.

After almost 10 years as Chairman of Cobalt Blue, Mr Rob Biancardi has advised the Board of his intention to retire at the conclusion of the upcoming 2025 Annual General Meeting.

CEO Dr Andrew Tong presented at a roundtable attended by senior representatives from Japan’s Ministry of Economy, Trade and Industry (METI) and the Japan Organization for Metals and Energy Security (JOGMEC), along with officials from Australian Federal Mining Minister Madeleine King’s office, major Japanese trading houses, and other Australian critical minerals companies.

We are pleased to advise that we have paid the final instalment of $1.0 million (plus accrued interest of $42,246.58) due under the Promissory Note held by American Rare Earths Limited (ARR).

Progress, Innovation, Diversification

The DRC government has effectively established long-term control over ~75% of the global cobalt trade flow.

Senior Process Engineer Gajan Loganathan details the Works Approval COB received from the WA Department of Water and Environmental Regulation

Link to video here.

The Works Approval, which allows COB to construct and operate the Refinery, is a significant milestone toward achieving a KCR Final Investment Decision with project partner Iwatani Australia (IWA).

Cobalt Blue is pleased to announce it has entered into agreements for an equity funding package to raise $2.5 million (before costs).

We are pleased to publish a Corporate Presentation outlining our corporate strategy and recent Company updates.

Cobalt Blue is pleased to provide an update on recent achievements at the Broken Hill Technology Centre (BHTC)

Cobalt Blue is pleased to provide an update on recent achievements at the Broken Hill Technology Centre (BHTC)

A review of the Halls Creek Project has identified multiple opportunities to build on the strong economics delivered in the June 2025 Scoping Study

Cobalt Blue has completed a Scoping Study for its Halls Creek Project in Western Australia, confirming a viable, near-term copper and zinc mining operation with strong financial returns and a modest upfront investment.

Cobalt Blue executed a feedstock supply contract with Glencore. Under the agreement, Glencore will supply up to 50% of the Kwinana Cobalt Refinery's feedstock requirements for three years from the commencement of commercial operations.