Strategic metals developer Cobalt Blue has reported a near A$70-million capital cost savings for its Broken Hill cobalt project, in South Australia, while the production target for the project has been increased by some 67%.
Cobalt Blue on Thursday noted that an updated project study had delivered significant enhancements compared with the 2018 prefeasibility study on the project, including a 55% increase in the ore reserves, which now stood at 71.8-million tonnes at 710 parts per million (ppm) cobalt, and a 34% increase in ore reserves, which now stood at 51 000 t.