Definitive Feasibility Study Update

COB is managing the delivery of the Broken Hill Cobalt Project (BHCP) Definitive Feasibility Study (DFS). This update provides insights on a range DFS activities including the Demonstration Plant, Kwinana Refinery Project and Australian Government Support.

Key Points

  • Demonstration Plant: Recent activities focused on processing larger volumes of concentrate through to Mixed Hydroxide Precipitate (MHP) circuit. Nickel/cobalt sulphate samples produced.
  • Permitting: Environmental surveys complete. Environmental Impact Statement (EIS) in preparation.
  • Kwinana Refinery Project Update: Refinery concept study has identified approximately A$70m in pre-production capital to fund 3,000tpa standalone refinery. We are engaged with a potential
    partner that owns a suitable property in the Kwinana district where we expect to commence refinery construction next year. The potential partner is further determining an appropriate level of
    equity ownership in the Kwinana Refinery Project via a funding contribution. See below to download the full Media Release.
  • Australian Government Support: Critical Minerals Accelerator Initiative (CMAI) grant second instalment ($6m) expected in June 2023. The recently announced compact between the US and
    Australia further advances the prospects for Australian critical minerals projects.
  • Cobalt price review: Cobalt supply/demand imbalance is expected to ease from 2024 as demand growth overtakes output for a sustained period with prices back toward long-term averages.
  • Additions to Management Team: Cobalt Blue is proud to announce two new senior starters: Project Finance Manager and Project Acquisition Manager.



Full ASX announement Download PDF
Media Release - Cobalt Blue Announces Kwinana Refinery Project (WA) to Advance Australian Supply of Critical Minerals to Global EV Battery Makers Download PDF