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Cobalt Blue diversifies, proposes name change

18th February 2025

By: Creamer Media Reporter

     

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ASX-listed Cobalt Blue Holdings (COB) on Tuesday announced an earn-in agreement with AuKing Mining for the Halls Creek project in Kimberley, Western Australia.

The earn-in agreement diversifies COB’s portfolio, with Halls Creek being a large-scale copper/lead/zinc/silver/gold asset with cobalt potential.

The project hosts two major deposits with existing mineral resource estimates containing a combined 89 000 t of copper, 69 000 t of lead, 326 000 t of zinc, 9.2-million ounces of silver and 45 000 oz of gold.

To better reflect the scope of COB’s business, the company also announced a corporate rebranding. The firm would seek shareholder approval for a name change to Core Blue Minerals.

“The Cobalt Blue name no longer reflects the full scope of our business. As our technical and project development expertise uncovers new opportunities across base and precious metals, a corporate rebrand marks a key milestone. While our commitment to delivering a strong battery materials strategy remains unchanged, we are actively expanding our portfolio with high-value projects that have the potential to enhance future earnings,” said CEO Joe Kaderavek.

COB also pointed out that the company remained committed to the Kwinana cobalt refinery (KCR) and the Broken Hill cobalt project, as well as its partnership with Iwatani.

“These remain core projects for the company, and we anticipate providing further updates, particularly on the KCR project, in the first half of 2025.”

Edited by Creamer Media Reporter

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