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Cobalt Blue Holdings Ltd. ( (AU:COB) ) just unveiled an announcement.
Cobalt Blue Holdings Limited has released an updated cost and revenue analysis for its proposed Kwinana Cobalt Refinery project, which is set to become Australia’s first cobalt sulphate refinery. The project, with an estimated capital cost of A$60 million, is expected to produce 3,000 tonnes of cobalt and 500 tonnes of nickel annually, positioning the company as a significant supplier to the Precursor Cathode Active Material industry. Financial projections indicate a net present value of A$90 million and an internal rate of return of 23%, with a payback period of 5.2 years, underscoring the project’s potential impact on the company’s market positioning and financial health.
More about Cobalt Blue Holdings Ltd.
Cobalt Blue Holdings Limited is a green energy exploration company focused on cobalt and sulphur commodities. As a key player in the renewable energy sector, the company is involved in the development of the Broken Hill Cobalt Project and aims to supply high-quality cobalt sulphate to international markets, particularly under initiatives like the US Inflation Reduction Act and the EU Critical Raw Minerals Act.
YTD Price Performance: 40.0%
Average Trading Volume: 54,585
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $20.69M
See more insights into COB stock on TipRanks’ Stock Analysis page.
