Cobalt Blue Receives Research and Development Tax Incentive Rebate

We are pleased to announce on 11 December 2024, we received a 2024 R&D Tax Incentive Rebate, totalling A$2.4m from the Australian Tax Office.

The rebate relates to an approximate A$5.5m investment at the Broken Hill Technology Development Centre. Activities included evaluating and optimising key unit operations and preparing supporting information for the detailed engineering of the proposed Kwinana Cobalt Refinery (KCR).

Throughout this year, the Technology Development Centre's primary focus has been testing third-party feedstock to produce battery-grade cobalt sulphate and nickel byproducts. This work has provided vital data and information to advance the project through the next stages of pre-development and ultimately to a Financial Investment Decision for KCR.

The full announcement is available here on our website.

Regards,

Joe Kaderavek