• Cobalt Blue Holdings Ltd is progressing towards a Final Investment Decision (FID) for the Kwinana Cobalt Refinery.
• The Broken Hill Cobalt Project is advancing with a Preliminary Feasibility Study (PFS) planned for Q4 2026.
• A consortium agreement with Glomar Minerals LLC to develop a US-based refinery is underway.
• Cobalt market prices remain structurally bullish, with DRC export quotas potentially reducing supply.
• The company has achieved the minimum expenditure to retain its 51% interest in the Halls Creek Project.

Cobalt Blue Holdings Ltd is making significant strides in its development projects. The company is moving closer to a Final Investment Decision (FID) for the Kwinana Cobalt Refinery, with ongoing sample production and market evaluation. The Broken Hill Cobalt Project is advancing with a Preliminary Feasibility Study (PFS) planned for completion in Q4 2026. The company has also entered into a consortium agreement with Glomar Minerals LLC to develop a US-based polymetallic nodule processing facility, Project Infinity. The cobalt market remains structurally bullish, with the Democratic Republic of Congo's (DRC) export quotas potentially reducing supply. Cobalt Blue Holdings Ltd has achieved the minimum expenditure to retain its 51% interest in the Halls Creek Project, with an opportunity to earn up to a 75% interest by incurring further expenditure by June 2028.