Cobalt Blue: Broken Hill Cobalt Project update

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24h ago 3:49

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Cobalt Blue Ltd chief executive officer Dr Andrew Tong talked with Proactive about the recent three-year extension to major project status for the Broken Hill Cobalt Project. Dr Tong explained that this extension provides crucial time to advance the project to a financing decision, particularly as cobalt prices have declined over the past few years. “We need to wait for that cobalt price to come back, to be able to attract the investment,” he said. He also highlighted the project’s potential to deliver a standalone cobalt supply that is independent of copper and nickel industries, noting that most of the world’s cobalt currently comes as a byproduct from the Democratic Republic of Congo. Additionally, Dr Tong discussed Cobalt Blue’s new scoping study for the Halls Creek Copper Zinc Project in Western Australia. The study outlines a ten-year project with the first five years as open-cut mining and the latter five years underground. Initial production targets include 5,000 tonnes of copper metal and 15,000 tonnes of zinc sulfate. Dr Tong expressed optimism about advancing Halls Creek to a feasibility study and bringing it online within the next three to four years. Visit Proactive's YouTube channel for more videos, and don't forget to give the video a like, subscribe to the channel, and enable notifications for future content. #CobaltBlue #CobaltMining #BrokenHillProject #BatteryMetals #CriticalMinerals #CobaltSupply #AustralianMining #ZincMining #CopperMining #HallsCreekProject #SustainableMining #MiningInvestment #ResourceDevelopment

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