Cobalt Blue Holdings (ASX:COB) has one of the only primary...

Cobalt Blue Holdings (ASX:COB) has one of the only primary cobalt projects in Australia with cobalt accounting for 85% of its revenue“Typically amongst our peer group it is between 10 to 15 per cent,” chief exec Joe Kaderavek said.COB plans to deliver a BFS at the Broken Hill Cobalt Project (BHCP) in NSW by the end of the 2022 in parallel with work being undertaken at the pilot plant which is making cobalt sulphate.During the quarter the pilot plant manufactured mixed hydroxide product which was despatched to global cobalt sample partners.The samples produced a range of assays within the following limits: 35-41% cobalt and 3-10% nickel.The BHCP project has a mineral resource of 118Mt at 859ppm cobalt equivalent (687ppm cobalt, 7.6% sulphur and 133ppm nickel) for 81,100t contained cobalt, (at a 275ppm cobalt equivalent cut-off). QUOTE from * today ,
COB is a rare primary cobalt resource that stands out against its peers IMO.