Use of fundsCobalt Blue has several plates spinning and will use the money, along with existing cash resources, to advance its activities through to the second half of 2023 in parallel with work to complete the definitive feasibility study (DFS) on the Broken Hill Cobalt Project (BHCP).In addition to the DFS, the work will include:Initiation of front-end engineering design (FEED) studies, to be executed post-delivery of DFS.BHCP Demonstration Plant maintenance and retention of operations staff beyond BHCP DFS test-work (likely to finish in Q1 2023) in order to retain a core of well-trained operators on staff through to commissioning of the BHCP (anticipated 2025).Cobalt in Waste Streams opportunities where current test-work is expected to be expanded, potentially requiring larger scale test work at the existing Demonstration Plant.Selective local commercial/industrial property purchases required to support future BHCP operations.General corporate activities including partner selection and project financing investigations. QUOTE from article in Proactive Investors today.
Mention of partner selection is relevant as it was anticipated by year end , interested how the samples are being evaluated , which company will commit in the future IMO.
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