Sign up Australia
Proactive Investors - Run By Investors For Investors

Cobalt Blue to investigate cobalt recovery potential at CuDeco’s Rocklands Project

Cobalt Blue has a proprietary technology to recover cobalt from cobalt-pyrite concentrate.
cobalt
Shares are trading about 9% higher intra-day, at 44 cents

Cobalt Blue Holdings Ltd (ASX:COB) and CuDeco Ltd (ASX:CDU) have entered into a memorandum of understanding (MOU) to investigate the cobalt recovery potential at CuDeco’s Rocklands Project in Queensland.

The Rocklands Project currently produces about 1.4 tonnes/day (100% contained cobalt) cobalt-pyrite flotation circuit tailings.

Cobalt Blue will undertake due diligence studies to evaluate the applicability of its minerals processing technology to the cobalt-pyrite concentrate from the Rocklands Mine.

Further potential cooperation involving marketing/processing contracts

CuDeco is exploring opportunities to monetise the cobalt-pyrite concentrate produced from the flotation concentrator circuit and will provide Cobalt Blue a representative 5–15 kilograms cobalt-pyrite sample.

Cobalt Blue will perform laboratory test work using its proprietary technology, with the results due within 12 weeks of receiving the sample.

After reviewing the test results, Cobalt Blue and CuDeco will discuss potential cooperation involving marketing/processing contracts or joint venture development of cobalt products.

CuDeco chairman Peter Hutchison said that should the Cobalt Blue technology prove suitable for the recovery of cobalt from the Rocklands ore, then this opens up a large potential opportunity CuDeco.

READ: Cobalt Blue optimising the Thackaringa Cobalt Project

Cobalt Blue’s positive metallurgical work to date has identified a processing path that is demonstrating strong recoveries of cobalt from the cobalt-pyrite resources at its Thackaringa Cobalt Project in New South Wales.

View full COB profile View Profile

Cobalt Blue Holdings Ltd Timeline

Related Articles

mine
February 08 2018
The Gunnison Copper Project is slated for commercial production in the second half of this year
1534132715_757z468_1531811377_Gold-in-hand.jpg
August 13 2018
The company is excited by the potential of its Albury Heath project in the Meekatharra area of Western Australia’s Mid West-Murchison region.
coal
September 04 2018
Regency’s partner LHC (Legacy Hill Coal) is the operator of MET and has a 53% stake, with the UK business owning the rest

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use