Cobalt Blue Holdings Ltd. (AU:COB) has released an update.
Cobalt Blue Holdings Limited has issued a correction regarding its previously reported Net Present Value (NPV) figures for the Kwinana Cobalt Refinery project, with the updated NPV for Stage 1 now at $90 million, Stage 2 at $105 million, and a combined total of $175 million. The company is constructing Australia’s first cobalt sulphate refinery, aimed at supplying the U.S. and EU markets with high-quality, battery-grade cobalt sulphate. The corrected financial metrics indicate a robust outlook for the project, with construction set to begin in the first half of 2025.
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