Cobalt Blue buoyed on positive feedback for premium cobalt samples
The Broken Hill Cobalt Project Pilot Plant has produced a variety of high-grade, tailored MHP specifications for the company’s BHCP Global Project Partner search.
Company
ASX:COB
Cobalt Blue is a minerals processing and mining company with interests in cobalt, nickel, copper, zinc, silver and sulphur. The company's critical minerals strategy focuses on building mid-stream processing capabilities in Australia and diversifying supply chains among like-minded countries.
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The Broken Hill Cobalt Project Pilot Plant has produced a variety of high-grade, tailored MHP specifications for the company’s BHCP Global Project Partner search.
The Global Cobalt Sample Program incorporating the Pilot Plant is nearing conclusion and the company will then transition to a larger Demonstration Plant.
The Global Cobalt Sample Program incorporating the Pilot Plant is nearing conclusion and the company will then transition to a larger Demonstration Plant.
Joe Kaderavek in the past week has acquired a total of 395,370 shares valued at more than A$107,000 and spread between two indirect interests.
The company is now fully funded to complete construction of a demonstration plant to provide battery-grade cobalt sulphate to end-users and potential strategic partners.
The company has this week signed an MOU with Honeywell aimed at helping to further de-risk its flagship Broken Hill Cobalt Project in NSW.
“Data quality is essential to attract investment and commercial partners and the implementation of advanced data gathering, and analysis systems will assist the BHCP in this partnering process,” says CEO.
The recently completed Pilot Plant is preparing MHP sourced from the Broken Hill Cobalt Project for the global lithium-ion battery industry as part of COB’s Global Sample Partner Program.
The events last week have highlighted the strong local community as well as commercial and government support for the Broken Hill Cobalt Project and value-adds.
COB subsidiary Broken Hill Cobalt Project Pty Ltd has received notice of the proposed grant of Exploration Licence Application 6225.
The pilot plant has been successfully installed and commissioned with all concentrate, leach and mixed hydroxide recovery circuits tested.
Cutfield Freeman, a specialist resources corporate advisory business, will assist with the partner search, financial advisory and capital raising functions.
The company is looking to apply its proprietary technology for the recovery of cobalt from waste streams and its Broken Hill Pilot Plant will provide the facilities.
The purchase will ensure the BHCP will comply with requirements of the Water Management Act 2000 for the estimated groundwater interception attributed to the proposed open cut mining operations.
This work is part of a Global Cobalt Sample Program which is attracting strong interest with the program doubling in size over the last six weeks.
The company intends to annually produce 3,500 to 4,000 tonnes of cobalt using a very different metallurgical process than laterite treatment and this is expected to be a healthy investment for stakeholders and the environment.
The concentration circuit will generate approximately 15 tones of pyrite concentrate for downstream processing.
With the imminent grant of ELA6151 which lies within the Broken Hill Domain of the broader Curnamona Province, the company’s tenement holding will increase to around 160 square kilometres.
With increasing demand for battery materials from EV manufacturers and progress made to begin production from the Broken Hill Pilot Plant, COB is likely to experience a robust year.
Dr Ian Pringle explains why Cobalt Blues' anticipated co-production of 300,000 tonnes per year of elemental sulphur could be an invigorating growth catalyst for a spectrum of Australian industries.
With increasing demand for battery materials from EV manufacturers and progress made to begin production from the Broken Hill Pilot Plant, COB is likely to experience a robust year.
The company is targeting development of its BHCP project to coincide with an anticipated cobalt price rally and when the market demands a new mine to meet projected demand.
Construction of the pilot plant is progressing well with key equipment in place and steelworks to be completed by Christmas.
The ethical supply of cobalt to meet the growing global need for the tech-metal is an increasingly important factor.
The company welcomes the proactive approach initiated by the Federal Government in facilitating investment interest in critical minerals development and processing in Australia.
The aim of a pilot plant being built in Broken Hill Pilot Plant is to prepare cobalt samples to satisfy raw material standards for global battery makers.
Construction will be followed by a commissioning period and the company will hire local plant personnel with first production expected in February 2021.
The company is building a pilot plant to test the leaching of calcined material in two campaigns to produce 5 tonnes of concentrate.
Funds will primarily be used to establish a Broken Hill-based Pilot Plant, with key equipment on-site and construction to start shortly.
The company is building a pilot plant at Broken Hill to produce varying specifications of cobalt products, including mixed hydroxides and sulphates, from Broken Hill Cobalt Project core.
There is “substantial potential for cobalt-pyrite mineralisation to continue along trend from the deposit and the ore body is likely to persist to considerable depths beneath the planned open pits”.
Funds raised will be sufficient to advance towards the achievement of further milestones for the Broken Hill Cobalt Project.
The halt will remain in place until Friday, July 31, or when an announcement is released.
Joe Kaderavek has this week purchased 45,000 shares taking his total holding to more than 4.132 million in three indirect interests.
A Project Update 2020 Study demonstrates “a capital-efficient, low-cost, long-life mine/refinery making a premium battery-ready product in a safe and stable jurisdiction”.
The company is now finalising a 2020 project update and ore reserve statement for the Broken Hill Cobalt Project.
The pandemic will change the world in a number of ways, including driving demand for cleaner and greener transport and industrial solutions.
Test-work has produced strong hydroxide results with around 37% cobalt and 7% nickel content with low impurities. This represents a premium product.
While taking all appropriate measures to prevent the spread of COVID-19, the company is not treading water.
The company intends producing a higher value cobalt sulphate and its research is being part-funded by the Cooperative Research Centre – Project.
The COB Process achieved excellent metal recoveries with float results of 93% cobalt, 93% copper and 80% gold to concentrates.
The company is building a metallurgical testing centre for the Broken Hill Cobalt Project and its processing technology.
COB has agreements in place with top-tier global companies for the testing of cobalt products and sulphur samples from the metallurgical testing centre.
The company is focused on its product sample program with the aim of establishing a pilot plant in Broken Hill.
COB has agreements in place with top-tier global companies for the testing of cobalt products and sulphur samples from the metallurgical testing centre.
The equipment, including leaching circuit and specialist filter equipment, has arrived in the Port of Adelaide ready for transport and site installation.
There are signs of a strengthening market, including a price rebound, increased payability of cobalt inputs/derivatives and recent long-term cobalt deals.
The company has secured 100% ownership in the Broken Hill Cobalt Project, formerly known as the Thackaringa Cobalt Project.
A key part of the strategy will be the development of a new metallurgical testing centre in Broken Hill.
The centre forms part of the company’s two-part strategy based on bringing the Broken Hill Cobalt Project into production and commercialisation of its proprietary processing technology.
The CRC-Project and Future Battery Industries CRC provide an opportunity for COB to validate and optimise technology for the processing of cobalt-pyrite ore to generate cobalt sulphate for battery manufacture and production of elemental sul
An SSD would provide an integrated assessment pathway, minimising the number of secondary environmental approvals that must be attained for the project.
Rare earths & specialist minerals
The company has executed the final agreement for the assignment of Broken Hill Prospecting’s interests.
In a vote of confidence for the company, its board of directors and CEO have accepted stock in lieu of fees.
The company has delivered the Conceptual Project Development Plan to the NSW Department of Planning, Infrastructure and Environment.
The new plant will provide reliable test work data for incorporation into the company’s upcoming feasibility study in 2021.
The company’s board has approved a two-part strategy to drive the business in 2020 and beyond.
The company has executed a binding Heads of Agreement with Broken Hill Prospecting that will result in dissolution of the Thackaringa Joint Venture.
The trading halt will remain in place until the start of trading on Monday, December 2, or until an announcement is made to the market.
“Marking time, whilst temporary conditions are challenging, is simply not in our DNA,” Rob Biancardi told shareholders at today’s AGM.
Hardware & electrical equipment
The company has entered a test work co-operation agreement with OZ Minerals Limited.
The new tenement will enhance the company’s existing exploration footprint covering about 93 square kilometres.
The company has entered into a test work co-operation agreement with GEMC covering the Millennium project.
The tests have achieved 90% recovery of cobalt to concentrate but at a 50-times larger scale than PFS tests.
Investments and investor services
Rob Biancardi, Joe Kaderavek and Hugh Keller have purchased shares with a total combined value of almost $90,000.
The early stage trial product agreement represents a development milestone towards potential future offtake arrangements for elemental sulphur.
The company has launched a Non-Renounceable Rights Issue and plans to follow this with a placement.
The company is planning drilling, geological and geotechnical work, mine planning, engineering, financial and metallurgical studies.
The company holds ground in the Murray Basin in both New South Wales and Victoria.
The company has this week released a “significant” boost in resources at the cobalt project near Broken Hill.
The cobalt-equivalent resource of 79,500 tonnes includes sulphur and a maiden measured component.
The pipeline will help ensure the supply of up to 1.5 gigalitres of water annually to service the project's processing and refining requirements.
The company has received positive results in large-scale metallurgical test work on ore samples collected from drilling.
Along with metallurgical work, the company is undertaking a resource upgrade at Thackaringa, due at the end of March.
Strong cobalt results have been returned from drilling at the Pyrite Hill deposit, including at depth.
Investments and investor services
Despite a sharp price correction in 2018, shrinking supply sources and growing demand for battery chemicals are predicted to sustain cobalt prices into the 2020s.
Investments and investor services
The company will apply the funds to help finance a 15,000-metre drilling program at the Thackaringa Cobalt Project.
Investments and investor services
The halt will remain in place until the start of trading next Monday or when an announcement is released.
Results reinforce the potential for resource growth and substantial mine life at the world-class project near Broken Hill.
The company announced its advancement to a 93.68% beneficial interest in the Thackaringa Joint Venture.
Investments and investor services
Robert Biancardi’s purchases follow recent on-market acquisitions by CEO Joe Kaderavek and director Hugh Keller.
A four-step plan aims to deliver on the value of the Thackaringa project for all joint venture stakeholders.
Investments and investor services
CEO Joe Kaderavek will speak at the conference on Thursday and will host one-on-one meetings.
An independent director purchasing options shows confidence in the company's future.
91,500 shares were purchased at prices between 21.5 and 22.5 cents per share.
The largest single drilling campaign undertaken at the project near Broken Hill will see more than 15,000 metres drilled.
The company says the decision by its JV partner represents a big shift in value for shareholders.
Re-assaying of historical core has highlighted the potential of the prospect along strike from the Broken Hill ore body.
A gap analysis review by Wood PLC has identified areas where further pre-BFS technical work is required.
The company will undertake the largest single drilling campaign at the Thackaringa Cobalt Project near Broken Hill.
Cobalt Blue has a proprietary technology to recover cobalt from cobalt-pyrite concentrate.
Recent pre-feasibility study confirmed that the Thackaringa project is of global significance as a potential source of high-purity cobalt for the battery revolution.
Recent pre-feasibility study (PFS) justifies proceeding the project towards commercial development.
Optimisation studies form part of a Bankable Feasibility Study (BFS) for the world-class project located near Broken Hill.
Independent Investment Research has a new research report out on the company.
Numerous polymetallic prospects have already been identified ranging from emerging through to advanced.
Nick Giorgetta says the annual event is unique as delegates can also tour working mines.
The Thackaringa Joint Venture is working on processing options, including a ‘cobalt concentrate only’ process.
The demand driven by lithium-ion batteries continues to substantially outpace cobalt supply.
A-Cap Resources will invest up to 2.25 million over two years to earn a 60% interest in Marlborough property.