Key highlights:
Kwinana Cobalt Refinery:
- Updated project cost estimates and revenue analysis.
- Positive feedstock testwork and evaluation.
- Works Approval permit lodged with the WA Department of Water and Environmental Regulation.
ReMine+:
- MOU with Mount Isa City Council to develop a sulphuric acid supply solution.
- MOU with Ecobatt to evaluate the feasibility of treating black mass from battery recycling within Australia.
Cobalt Market Outlook:
- 2025 will mark the first since 2021 in which cobalt demand growth is forecast to outpace supply growth, an important dynamic that will, in our view, ultimately pressure prices back toward long-term averages.
Download the full announcement for more information on all of our activities.