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Cobalt Blue Holdings Limited (ASX:COB)

ALERT: Price-sensitive ASX Announcement for COB
Current share price for COB : $0.065 -0.04 (-38.10%)+
Announcement
Release
21 Nov 2025 11:38AM
Price at Release
$0.105
Full Release
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Summary
Cobalt Blue Holdings Limited has updated their Kwinana Cobalt Refinery (KCR) project parameters to adapt to changing market conditions. The refinery, targeting a base case production of 3,000 tonnes of cobalt per annum, is set to produce a mix of cobalt sulphate and cobalt alloy grade metal. Financial projections for Stage 1 of the project have improved, with the Net Present Value (NPV) increasing from A$90m to A$155m and the Internal Rate of Return (IRR) rising from 23% to 32%. The project aims for a Final Investment Decision by 2026, with significant progress made in securing necessary permits and agreements. Market dynamics, including the impact of the Democratic Republic of Congo's export policies, have influenced cobalt pricing significantly, benefitting the project's economic outlook.
Key Points
  • Re-evaluation of Kwinana Cobalt Refinery project parameters.
  • Initial production capacity of 3,000 tonnes of cobalt per annum.
  • Improved financial metrics for Stage 1: NPV increased to A$155m, IRR to 32%.
  • Final Investment Decision projected for 2026.
  • Impact of DRC export policies on cobalt prices.
  • Potential integration of black mass from recycled lithium-ion batteries as feedstock.
  • Plans to produce both cobalt sulphate and cobalt alloy grade metal.
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.