Cobalt Blue Holdings Ltd. (AU:COB) has released an update.
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Cobalt Blue Holdings Ltd. is advancing its plans to construct Australia’s first cobalt sulphate refinery, with updates showing an attractive low-cost investment with high returns. The Kwinana Cobalt Refinery, poised to supply the burgeoning electric vehicle market, boasts strong financial metrics, including a post-tax net present value (NPV) of A$68 million and an internal rate of return (IRR) of 23% for its initial stage. Construction is set to begin in the first half of 2025, promising to cement Cobalt Blue’s position in the critical minerals supply chain and offering significant potential for expansion.
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