Australian exploration and development company, Cobalt Blue Holdings Limited (ASX: COB) has announced that testwork results confirmed the achievement of high-purity cobalt and sulphur products through the proprietary pyrite processing technology.
Drill samples from the Company’s flagship Broken Hill Cobalt Project (BHCP) were used to produce cobalt sulphate, elemental sulphur, and Mixed Hydroxide Product (MHP) samples. The products met the specifications required for offtake agreements with commercial partners.
Cobalt Blue had earlier in April 2020 announced production of a mixed cobalt-nickel hydroxide with 37% cobalt and 7% nickel. Upon further processing, the products were used to produce cobalt sulphate heptahydrate crystals and a nickel sulphate solution.
The final product, cobalt sulphate heptahydrate resulted in 20.8% cobalt, meeting the battery industry benchmark of 20.5% cobalt. The elemental sulphur purity stood in excess of 99.3% sulphur.
COB was trading at AU$0.11 a share on 15 July 2020 at 12:17 PM AEST.
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