Quarterly Activities Report
Sydney, Oct 31, 2022 AEST (ABN Newswire) - Cobalt Blue Holdings Limited (
ASX:COB) (COH:FRA) (CBBHF:OTCMKTS) is a mining and mineral processing company focused on the development of the Broken Hill Cobalt Project in New South Wales, Australia.
The portfolio of four granted tenements in a total area of 63km2 containing large-tonnage cobalt-bearing pyrite deposits are located 23 km west of Broken Hill and 400 km by rail from Port Pirie. COB has developed a patented minerals processing technology for treating pyrite feedstocks targeting 85-90% recovery of cobalt from ore to product (as Mixed Hydroxide Precipitate or Cobalt Sulphate).
The Broken Hill Cobalt Project has a targeted project life of +20 years and will be a significant employer in Regional NSW with around 400 full-time jobs generated. COB will become a global top 10 producer of cobalt, a key critical mineral with strong demand growth from lithium-ion batteries widely used in electric vehicles and energy storage systems.
*To view the full Quarterly Report, please visit:
https://abnnewswire.net/lnk/C962YBN2
About Cobalt Blue Holdings Limited
Cobalt Blue Holdings Ltd (ASX:COB) (FRA:COH) (OTCMKTS:CBBHF) has a strategic approach that positions us to be among the first wave of new entrants into the allied battery materials supply chain. We are committed to playing a leading role in securing a stable and sustainable future for critical minerals.
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