While acknowledging the current challenges of the macroeconomic backdrop in the critical minerals sector, there are numerous reasons we remain optimistic about the cobalt and broader critical minerals space.
We continue to see support from Australian Government policy and funding as well as increasingly effective legislation in our target markets of the USA, Europe, South Korea and Japan. Importantly, while market dynamics have been challenging for many critical minerals, there is evidence market pricing is set to improve as a more balanced market looms.
Our near-term focus remains on developing the Cobalt-Nickel Refinery in the Kwinana Industrial Area. Detailed engineering design for the Refinery has commenced and the permitting process remains on schedule for submission by mid-2024. Please click here to experience a short, virtual tour of our Refinery testwork
A full copy of the full update can be viewed and downloaded below. Investors can expect regular updates as we progress towards delivery of further work programs.