And importantly, we expect construction costs of just A$55...

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bluesamurai

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08/05/24

13:20

Post #: 73725315
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Originally posted by bluesamurai: ↑

cobalt-Nickel Refinery ProgressKEY POINTSaCOB is developing the first Cobalt Sulphate Refinery (Refinery Project) in Australia. Recent milestones achieved:aLarge-scale feedstock samples sourced from third parties have been processedaPotential offtake partners have begun to assess larger-scale sulphate samples produced from these sourcesaDetailed engineering design has commencedaPermitting on target for submission mid-2024aWorkstreams are on track for a Q3 2024 decision to proceed to construction. aCOB and Iwatani Australia will jointly market the Refinery Project at the upcoming annual Cobalt Institute Conference (13–14 May 2024).aCOB is targeting both the US Inflation Reduction Act (IRA) and EU Critical Raw Materials Act (CRMA) compliance for its products. We believe that the timing of the Refinery Project is ideal as US/EU market demand will hit an inflection point in the coming years.aCOB published a Cobalt-Nickel Refinery Study presenting a compelling evaluation of a refining business that is expected to generate stable margins throughout the highs and lows of the cobalt price cycle. QUOTE
A great opportunity to shine in front of a receptive audience IMO

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And importantly, we expect construction costs of just A$55 million. This relatively low estimate is because the proposed site is an already established minerals processing operation with all the required infrastructure and permitting requirements firmly in place.Input costs are also very low given Kwinana is an established industrial zone with low-cost chemical availability. These lines are from an article in Proactive Investors 15/1/244 QUOTE

With the land owned by Iwatani Australia with strong support from the Federal and WA State Governments we have a compelling case to attract funding for the Kwinana Project IMO

COB Price at posting: 8.9¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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