Refinery advancing toward FID - pCAM specification confirmed
| Stock | Cobalt Blue Holdings Ltd (COB.ASX) |
|---|---|
| Release Time | 4 Mar 2026, 8:53 a.m. |
| Price Sensitive | Yes |
Cobalt Blue Refinery Advancing Toward FID, pCAM Specification Confirmed
- Cobalt sulphate meets pCAM buyer specifications, a key milestone toward offtake agreements and FID
- Supplied 4 kg of high-purity cobalt sulphate to CSIRO's Cathode Precursor Production Pilot Plant
- Lodged Australian patent application for refinery flowsheet, strengthening IP protection
Cobalt Blue Holdings Limited (Cobalt Blue) reports strong progress on the Kwinana Cobalt Refinery (KCR) and supporting programs at the Broken Hill Technology Centre (BHTC). Key recent activities continue to build technical momentum and commercial confidence, including advances in customer-qualification, deeper offtake engagement, expanded intellectual property protection, and continued evaluation of battery black-mass feedstock options. These efforts advance the strategy to establish Australia's first cobalt refinery and position the project for a Final Investment Decision (FID). Cobalt sulphate produced at BHTC has met stringent trace-metal specifications required by pCAM (Pre Cursor Cathode Active Material) buyers, a significant milestone toward commercial offtake agreements and FID. Cobalt Blue also delivered 4 kg of high-purity cobalt sulphate to CSIRO's Cathode Precursor Production Pilot Plant, supporting domestic pCAM and CAM testing and validation. Additionally, the company lodged an Australian patent application for its refinery flowsheet, strengthening its intellectual property protection. Cobalt Blue continues to progress other key workstreams, including offtake negotiations, technical studies, and regulatory approvals, toward a targeted FID.
Cobalt Blue is delivering measurable progress for the Kwinana Cobalt Refinery, with achieving pCAM customer specifications and advancing offtake discussions being critical steps towards FID. The company's continued optimization work at the Broken Hill Technology Centre and expansion into black mass evaluation enhance feedstock optionality, strengthen project economics, and further de-risk development, reinforcing its broader growth strategy and positioning the company to capitalize on improving cobalt market conditions.