logo-loader
viewCobalt Blue Holdings Ltd

Cobalt Blue Holdings CEO makes on-market purchase of 100,000 shares

The company is focused on its product sample program with the aim of establishing a pilot plant in Broken Hill.

Cobalt Blue Holdings Ltd - Cobalt Blue Holdings director makes on-market purchase of 100,000 shares
Kaderavek now holds 3,987,585 shares in the company

Cobalt Blue Holdings Ltd (ASX:COB) CEO and director Joe Kaderavek has acquired 100,000 shares in the company for 10 cents per share for a total of $10,000.

The shares were purchased for the Kaderavek Family Trust and Kaderavek Superfund of which Josef and Ariane Kaderavek are the registered holders.

Prior to the acquisition, the Kaderavek Family Trust held 1,166,667 and the Kaderavek Superfund held 2,220,918.

The purchase takes the Kaderavek Superfund to 2,320,918 shares and the total shares in Cobalt Blue to 3,987,585.

Product sample program

Cobalt Blue recently launched a cobalt product sample program where cobalt products and sulphur samples from a metallurgical testing centre will be provided to top-tier companies in the cobalt-for-battery supply chain.

The company is establishing a new testing centre in Broken Hill from which varying specifications of cobalt products, including mixed hydroxides and sulphates, will be produced for potential commercial partners.

This pilot plant will will produce at least 100 kilograms of cobalt sulphate, will then be upgraded to a larger-scale, fully integrated demonstration plant producing 1-2 tonnes of cobalt sulphate from processing up to 2,000 tonnes of ore.

Near-term pilot plant operations are planned to begin mid-year at about the same time that an ore reserve update for the Broken Hill Cobalt Project (BHCP) will be released.

Quick facts: Cobalt Blue Holdings Ltd

Price: 0.12 AUD

ASX:COB
Market: ASX
Market Cap: $19.19 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Cobalt Blue Holdings Ltd named herein, including the promotion by the Company of Cobalt Blue Holdings Ltd in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Cobalt Blue 'well on its way to signing 10 global sample partners' for its...

Cobalt Blue Holdings Ltd's (ASX:COB) Joe Kaderavek updates on its 100%-owned Broken Hill cobalt project (BHCP) in Australia. He says they're targeting 4,000 tonnes in production of cobalt as either a hydroxide or a battery-ready product. ''The product will make around 80% of its revenue...

1 week, 1 day ago

2 min read