1. Pilot Plant construction, commissioning and operations - COB processed 43 tonnes of drill sample into 8 tonnes of concentrate, which was furtherrefined into Mixed Hydroxide Precipitate (MHP) and cobalt sulphate as samples for commercial evaluation. The lessons learnt during Pilot Plant operations were valuable in today's Demonstration Plant design. To highlight the scale of current operations, the Demonstration Plant concentrate circuit produces more than 8 tonnes of concentrate every 4 hours.
2. Recutting the BHCP mineral resource to include nickel as a potential revenue stream.
3. COB expanded its Broken Hill tenure with the grant of EL 9254. The continued consolidation of ground within the Broken Hill region remains a priority for the company. We now hold 5 Exploration Licences and 2 Mining Leases, for a total area of approximately 220 km2.
4. COB began to report on its sustainability by adopting the
5. Providing quarterly management webinars, the first of which was held in October last year - with the concept today expanded to include a separate webinar from third party experts such as
6. COB has been a member of the Commonwealth
7. Over the last 12 months, we have participated in overseas trade delegations to
8. We appreciate the ongoing support from the Federal and State Governments. We were thrilled to be able to assist in the launch of the NSW Government Critical Minerals and High-Tech Metals Strategy as well as sign a cooperation MOU with the Queensland Government relating to identifying mining waste targets for the extraction of cobalt and copper metals.
9. In March, the
10. Local support within the Broken Hill community continues to grow. During May, we held ourDemonstration Plant Open Day - well over 300 local shareholders and their families visited the plant in May. I am proud to say that we now have 450 shareholders within the Broken Hill postcode, and we currently employ over 25 people from Broken Hill.
11. Our large Demonstration Plant was commissioned and is currently in full operation-aiming to prove continuous 24/7 operations on a scale that satisfies potential partners that our process and people are indeed "investment grade". We expect to update the market on operations shortly.
It was pleasing to see the Company's share price recover throughout the year, increasing by around 80% since our last AGM.
I would like to thank shareholders for supporting the company, including with the current entitlement issue.
I would also like to thank the Cobalt Blue management team and my fellow directors for their hard work and commitment during this year. The business will continue to progress the core
Chairman
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About
Contact:
Chief Executive Officer
info@cobaltblueholdings.com
P: (02) 8287 0660
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