Australia's Cobalt Blue gains on testwork agreement with TSX-listed Hudbay

Cobalt Blue Holdings

27/06/2023 01:58

** Shares of Cobalt Blue Holdings  COB.AX  climb as much as
17.02% to A$0.275, on track for best day since June 16, if gains
hold
    ** The cobalt miner enters into a testwork co-operation
agreement with Toronto-listed copper miner Hudbay Minerals
 HBM.TO  
    ** Under deal terms, COB will use its minerals processing
technology to assess the ability to recover gold, silver,
copper, zinc, cobalt, and sulphur from concentrate produced from
Hudbay's Flin Flon tailings storage in Canada
    ** COB will receive a fee for undertaking the testwork
program
    ** COB stock down 59.5% this year, as of last close
 

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))