Cobalt Blue Holdings Ltd (ASX: COB)Share Price and News
About Cobalt Blue
Cobalt Blue's primary focus is developing the Broken Hill Cobalt Project (BHCP) in New South Wales. This project is designed to produce high-purity cobalt sulphate, a key material used in lithium-ion batteries. It has a Mineral Resource estimate of 126.5Mt at 867ppm cobalt equivalent.
Beyond BHCP, the company is progressing the Kwinana Cobalt-Nickel Refinery Project in Western Australia and trialling a tailings recovery initiative through its ReMine program. Kwinana has an initial capacity of 3,000t cobalt sulphate and 500t of nickel and is planned to start production in 2027.
These assets collectively represent an integrated strategy across exploration, refining, and recycling of critical minerals, particularly cobalt.
Cobalt Blue's Company History
Founded in 2016, Cobalt Blue Holdings was established to develop Australia’s first large-scale cobalt project. Over time, the company has expanded its focus from BHCP to include downstream refining and recycling technologies.
The company released a PFS for BHCP in 2020, and in 2022 it secured federal Government recognition as a major project and received substantial grant funding for pilot and demonstration plants. But the oversupply of cobalt saw the company have to scale back its project due to an oversupply of cobalt.
Now, the company is focused on Kwinana which has shown greater promise.
In early 2025, Cobalt Blue proposed changing its name to Core Blue Minerals Limited to better reflect its broader focus on multiple commodities, including nickel and manganese, as well as cobalt.
Future Outlook of Cobalt Blue (ASX: COB)
Cobalt Blue has pivoted to the Kwinana Refinery Project and anticipates production in 2027. It is a smaller scale than Broken Hill and in many respects sums up how far cobalt has fallen.
Going forward, the company’s progress will hinge on securing long-term financing, final investment decisions, and successful off-take arrangements.
While market demand for cobalt remains strong in EV and battery markets, funding challenges and cobalt price volatility are ongoing considerations.
Is COB a Good Stock to Buy?
Cobalt Blue is one of the few companies with exposure to cobalt...but there's good reason for it, because cobalt has been in the doldrums for the past couple of years. Recent share price weakness reflects market caution around cobalt prices, project timelines and funding.
For risk-tolerant investors looking at long-term potential in cobalt, this company may offer speculative upside. Those seeking dividends or near-term earnings should look elsewhere for now.
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Frequently Asked Questions
Cobalt Blue Holdings does not currently offer a dividend yield, as the company is in the development phase. All available capital is being reinvested into advancing its cobalt projects and related infrastructure.