AI Overview+4The Kwinana Cobalt Refinery, a joint venture...

AI Overview+4The Kwinana Cobalt Refinery, a joint venture between Cobalt Blue and Iwatani Australia, is progressing towards a final investment decision (FID) by the end of 2025. A pre-FID consortium deed has been signed, and construction is planned to commence in 2025, with commissioning targeted for early 2027. Key Developments: Pre-FID Agreement:Cobalt Blue and Iwatani Australia have signed a pre-FID consortium deed, moving the project closer to the final investment decision. FID Timeline:A final investment decision is expected by the end of 2025, following the completion of detailed engineering studies and securing feedstock agreements. Construction:Construction is planned to begin in the second half of 2025 and is estimated to take around 15 months, with initial production expected in early 2027. Feedstock Supply:Glencore has signed a contract to supply cobalt hydroxide feedstock to the Kwinana refinery. Refinery Capacity:Stage one of the refinery is expected to have a production capacity of 3,000 tonnes per annum of cobalt (as cobalt sulphate) and approximately 500 tpa of nickel (as nickel metal). Project Goals:The Kwinana refinery aims to produce high-quality, battery-grade cobalt sulphate, essential for the pCAM industry and to support the global shift towards electric vehicle adoption. QUOTE

Starting to look positive now , there is a lot of work ahead but the refinery planning is now becoming focussed on an acceptable outcome IMO