Cobalt Blue Holdings Ltd (ASX:COB, OTC:CBBHF) projects acquisition manager Helen Degeling tells Proactive the company will proceed to the next stage of testing its proprietary minerals processing technology on Hudbay Minerals Incs Flin Flon tailings storage facility in Manitoba, Canada, after positive results from preliminary roasting test-work. The completed roasting tests achieved greater than 90% conversion of the pyrite into pyrrhotite and elemental sulphur with these results warranting further evaluation. In late June, COB entered into a test-work co-operation agreement with respect to Hudbays wholly-owned Flin Flon tailings storage facility.
Degeling's comments follow the statement of COB chief executive officer Joe Kaderavek: Reprocessing mining waste containing pyrite and recovering metals remains a focus for our business. Generally, the opportunities include cobalt-containing pyrite, along with other base and precious metal sulphides such as copper, zinc and gold.
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Cobalt Blue Holdings Ltd