The extension is expected to enhance the prospects for the Broken Hill cobalt project to advance into development.
The major project status offers enhanced regulatory support from the Commonwealth government, recognizing the project’s contributions to economic growth, job creation, and regional development. This extension bolsters the Broken Hill cobalt project’s path toward development and supports related initiatives, including the Kwinana Cobalt Refinery and the Broken Hill Technology Centre.
“The development […] has the potential to position Australia as a leading global cobalt producer and strengthen supply chain security for like-minded partners. It also creates an opportunity for locally-sourced feedstock to support the growth of new Australian downstream industries – an ambition we are actively pursuing through our Kwinana cobalt refinery and Broken Hill Technology Centre,” said Andrew Tong, CEO of Cobalt Blue. He added: “Major project status acknowledges the strategic significance of the Broken Hill cobalt project in the delivery of the Australian Government’s A Future Made in Australia agenda, as well as the critical minerals strategy and the national battery strategy.”
The extension strengthens Cobalt Blue’s ability to attract investment from both international and domestic sources. It also reinforces the company’s partnership with Iwatani Australia, underscoring the project’s importance as a national priority. “Iwatani Australia welcomes this support from the Australian government, and it reinforces our decision to invest in Australia,” said Naomasa Ueda, Managing Director of Iwatani Australia. “The recognition of the Broken Hill cobalt project further strengthens the case for progressing the Kwinana cobalt refinery toward a final investment decision.”
The continued support is expected to enhance Australia’s position in the global cobalt market, supporting the supply of critical minerals for industries such as battery manufacturing. The project aligns with Australia’s goals to develop sustainable downstream industries, leveraging local resources to meet growing international demand.
This milestone positions Cobalt Blue to advance its initiatives, fostering economic and industrial growth while contributing to global supply chain stability.
