Australian Miner Advances Plans for Domestic Cobalt Supply Chain Outside of Africa and China Cobalt Blue sees potential for Australia to establish its own critical mineral supply chains, independent of China and Africa. The company plans to refine ore from its Broken Hill Cobalt Project in New South Wales at a proposed facility in Kwinana, Western Australia. This refined battery-grade cobalt sulphate will then be exported globally, addressing the high demand for this mineral in EV batteries and military technologies, while mitigating the risks associated with China’s dominant control over refined capacity.

• Cobalt Blue is positive about Australia developing its own critical mineral supply chains outside of China and Africa.
• The company operates the Broken Hill Cobalt Project in western New South Wales.
• Extracted and partially refined ore is intended for a proposed refinery in Kwinana, Western Australia.
• The Kwinana refinery will produce battery-grade cobalt sulphate for global export.
• Cobalt is in high demand for rechargeable batteries in EV vehicles and military technologies.
• China currently controls approximately 85 percent of global refined cobalt capacity.