Cobalt Blue Holdings Limited - March 2023 Quarterly Report

The Cobalt Blue Quarterly Report for March 2023 has been published

Highlights include:

Broken Hill Cobalt Project update: Work on the Definitive Feasibility Study (DFS) continued during the quarter. Activities included:

  • Demonstration Plant operations
  • Resource Definition, Geotechnical and Waste Rock Characterisation Drilling
  • Permitting

Please follow this link for a detailed DFS update a short video.

Cobalt Market Trends:

  • Prices finding a cyclical bottom
  • Tenke Fungurume to resume copper and cobalt exports.
  • Indonesia proposes limited FTA with the US to attain IRA-compliance

Cobalt in Waste Streams Project Update

  • Testwork and commercial discussions continuing

Corporate activities:

  • Commercial Partner Update
  • Investor webinars
  • Expenditure

During the quarter we also released a CEO’s Letter to Shareholders that provides an overview of COB’s strategy amid the global critical minerals backdrop. COB recently issued guidance on the progress of our Broken Hill Cobalt Project (BHCP), proposed Cobalt Refinery and Cobalt in Waste Streams projects. This letter details how all three pieces fit together.



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