Halls Creek Scoping Study is on like Donkey Kong

COB to Commence 2025 Scoping StudyThe Sandiego and Onedin deposits at Halls Creek have been subject to previous economic evaluations and COB has now completed a comprehensive Review of these evaluations and related data. The Review has identified options for potential commercial development of the Sandiego and Onedin deposits which are to be advanced via a Scoping Study (the ‘Study’).

So expect that Bommie will pop up. https://www.marketindex.com.au/asx/akn/announcements/cob-halls-creek-scoping-study-commences-and-refinery-update-2A1586459

The Study will capitalise on the extensive body of historical work delivered by over A$20 million of exploration investment undertaken by previous owners and partners.

The Study will be completed by the Company’s technical team with engagement of external consultants for select disciplines. Specifically, the Study will provide a preliminary economic assessment of the project and COB expects to have completed the Scoping Study by June 2025.Acquisition RationaleWhile remaining committed to our current project pipeline, COB actively seeks assets that align with our strategy and expertise. With substantial work already completed, Halls Creek strengthens our portfolio for two key reasons, as follows:Near-term cash flow: With +40 years of groundwork completed, COB is ready to advance Halls Creek, backed by our team’s expertise in metallurgical innovation and resource project development.

This positions the Project for rapid advancement into an operational asset with near-term cash flow.Commodity cycle resilience: The Project expands our exposure to metals such as copper, zinc, lead, silver, and gold. This diversifica-tion strengthens our ability to weather price swings, optimise capital allocation, and seize new opportunities in shifting market conditions.The recent recovery in cobalt prices aptly highlights cobalt as a cyclical commodity subject to market forces that can rapidly influence supply and demand dynamics.

The rapid +60% price rebound in recent weeks is clearly a reaction to a restriction of near-term supply availability in an otherwise saturated market. Although the length of supply tightness is difficult to anticipate, it serves as a reminder that the 2.5-year-long price decline was a supply-driven event. Demand for cobalt remains well above historical trends, and as supply growth normalises, prices may potentially be pressured back toward long-term averages. With progressed cobalt assets, COB remains well positioned to benefit from any such upturn in cobalt markets