Cobalt Blue has entered into an earn-in agreement with AuKing Mining (ASX:AKN) for the Halls Creek Project, a large-scale copper-lead-zinc-silver-gold asset with significant cobalt potential.
The Halls Creek Project is favourably located within the Kimberley region of Western Australia; just 15km southwest of Halls Creek and 320km south of Wyndham port. The area has historically supported a number of gold, nickel and cobalt operations. The Project hosts two major deposits with existing Mineral Resources containing a combined 89kt copper, 69kt lead, 326kt zinc, 9.2Moz silver and 45koz gold.
While we remain committed to our existing assets and projects, the Halls Creek Project earn-in provides commodity diversification, reducing exposure to cyclical lows in the global cobalt market. The agreement enables us to leverage our extensive metallurgical, engineering, and project development expertise to drive cash flow generation that complements the existing battery materials portfolio.
Corporate Rebranding Initiative
We are very pleased to announce a strategic corporate rebranding to better reflect our expanded focus across a broader range of metals. The proposed new name, Core Blue Minerals Limited, aligns with COB’s evolution beyond cobalt into a diversified commodity portfolio.
This rebrand supports the Company’s long-term strategy of enhancing future income streams while maintaining its commitment to advancing battery materials projects. Shareholders will have the opportunity to vote on the proposal at a general meeting scheduled for Q2 2025.
Please follow the link below to view the full announcement.