Market Update: Iwatani Corporation to partner on Cobalt-Nickel Refinery

Cobalt Blue is delighted to name Iwatani Corporation as our potential partner (subject to binding agreement) in developing the Cobalt-Nickel Refinery Project – to be located in the Kwinana Industrial Area, 30km south of Perth in Western Australia.

  • Senior Iwatani Corporation executives recently visited our Broken Hill based Demonstration Plant.
  • Detailed engineering continues as part of the Refinery Project pre-construction phase.
  • The Demonstration Plant in Broken Hill has started large scale test work of third-party material to support the Refinery Project technical studies.
  • Cobalt Blue has published a Cobalt-Nickel Refinery Study presenting a compelling evaluation of a refining business that is expected to generate stable margins throughout the highs and low of the cobalt price cycle.

Joe Kaderavek, CEO Cobalt Blue commented:

“Cobalt Blue is excited to have a potential Refinery partner of the calibre of Iwatani Corporation. Iwatani Corporation brings significant value to the relationship as an established large-scale trader of battery minerals into the important Japanese and US battery supply chain and as an established landholder/operator in the Kwinana district.”




Contact

Joel Crane
Commercial / Investment Relations Manager
joel.crane@cobaltblueholdings.com

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