Cobalt Blue Holdings Ltd (ASX:COB, OTC:CBBHF) shares have gained about 4% intra-day to 81 cents after commissioning and starting operations of the demonstration plant at its Broken Hill Cobalt Project (BHCP) in New South Wales.The plant is aiming to treat a minimum of 3,000 t (tonnes) of ore (up to 4,000 t) and produce about 10 t of cobalt products (mixed hydroxide and/or cobalt sulphate).BackgroundIn 2021, COB successfully built and operated a smaller-scale pilot plant.This facility has now been upgraded over the last six months to increase capacity and includes all processing unit operations to treat ore to produce MHP (mixed hydroxide precipitate - typically 30% cobalt and 5% nickel), followed by refining to cobalt sulphate.COB chairman Rob Biancardi said: “24-hour operations will commence shortly across the entire Demonstration Plant.“This reflects real progress by our technical team and will allow BHCP to ship large scale test samples during Q3, providing a strong backdrop to commercial discussions.” QUOTE from article in Proactive Investors today Momentum building now as large scale samples are to be sent to 32+ partners for evaluation IMO.
COB Price at posting:
81.0¢ Sentiment: Buy Disclosure: Held
