Project and Future Battery Industries CRC success

COB has been awarded A$2.4 million of Cooperative Research Centre (CRC) Funding from the Australian Government. COB is a participant in the Future Battery Industries CRC that was recently granted A$25m by the Australian Government.

KEY POINTS:

  • Cobalt Blue Holdings Limited (ASX:COB) is proud to announce that it has been awarded A$2.4 million of Cooperative Research Centre (CRC) – Project Round 8 Funding from the Australian Government for applied research and development of the processing of cobalt-pyrite ore to generate battery ready cobalt sulphate over the next three years.
  • COB will receive A$1.57 million for the development and operation of its Demonstration Plant, with the remainder being allocated to the University of New South Wales and the Australian Nuclear Science and Technology Organisation for applied research on the pyrolysis stage of the metallurgical process.
  • COB is a participant in the Future Battery Industries CRC that was recently granted A$25m by the Australian Government. The FBI-CRC is a A$136 million industry and research collaboration that will further develop all aspects of the value chain for battery manufacture in Australia.
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