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

Published: 18:01 26 May 2020 AEST

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 from cobalt versus most cobalt mines which offer around 15-20%.

''Broken Hill represents the largest greenfield project in the world outside of Africa ... it's a world-scale, reliable source of ethical cobalt''.

''We'll be delivering a pilot scale plant by the end of the year and we're well on our way to signing up 10 global sample partners which represent the major battery precursor or cobalt trading houses globally''.

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