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Cobalt Blue Holdings Limited (ASX:COB)

ALERT: Price-sensitive ASX Announcement for COB
Current share price for COB : $0.064 0.013 (25.49%)+
Announcement
Release
16 Sep 2025 10:47AM
Price at Release
$0.051
Full Release
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Summary
Cobalt Blue Holdings Limited announced that it received a critical Works Approval from Western Australia's Department of Water and Environmental Regulation, advancing the Kwinana Cobalt Refinery project towards a final investment decision expected by the end of 2025. This approval facilitates the construction and operation of Australia’s first dedicated cobalt refinery, which is designed to produce high-purity cobalt products for global markets. Key project milestones include a secured feedstock contract with Glencore and collaboration with Iwatani Australia. The refinery is strategically positioned to support Australia’s increased role in the global cobalt supply chain, with expectations to meet 60% of global demand by 2030.
Key Points
  • Cobalt Blue Holdings Limited received a Works Approval from Western Australia's Department of Water and Environmental Regulation for the Kwinana Cobalt Refinery.
  • The Works Approval is a critical step towards a final investment decision for the refinery project, expected by the end of 2025.
  • The Kwinana Cobalt Refinery is positioned as Australia’s first dedicated cobalt refinery, aiming to produce high-purity cobalt products for battery, industrial, and defence markets.
  • Project milestones include a secured feedstock contract with Glencore and a partnership with Iwatani Australia.
  • The refinery will be established within Iwatani’s existing facility at East Rockingham, focusing on battery-grade cobalt sulphate and high-purity cobalt metal.
  • COB continues technical, regulatory, and commercial work to finalize the investment, ensuring the refinery is de-risked and investment-ready.
  • Australia aims to increase its cobalt supply from 6% to 60% of global demand by 2030, according to industry forecasts.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.