Cobalt Blue Holdings Limited (ASX: COB) has hit headlines this week by entering into a testwork co-operation agreement with Hudbay Minerals Inc. (TSE: HBM), with respect to Hudbay’s Flin Flon tailings storage facility, located in Canada.
COB has agreed to use its proprietary minerals processing technology to assess the ability to recover gold, silver, copper, zinc, cobalt, and sulphur from a pyrite/pyrrhotite concentrate produced from the tailings. The company’s proprietary technology works by converting sulphides into elemental sulphur.
COB expects the testwork programme to take around four months to complete once the tailings sample is received from Hudbay. COB will also receive a fee for undertaking the testwork programme, which is expected to cover its costs.
Circling back to 2021, Hudbay identified the opportunity to reprocess its Flin Flon tailings and has recently completed a confirmatory drilling programme covering approximately two-thirds of the tailings facility.
To find out more, please visit www.cobaltblueholdings.com