# Cobalt Mining News

Canonical page: https://atlas-staging.minestarters.com/news?commodities=cobalt

Atlas summarizes and classifies mining-industry stories from third-party publishers. Follow each source link for the original reporting.

Results: 18
Returned: 10
Coverage: drill results, resource updates, and metallurgy; primary commodity matching; all time unless dates are supplied.
Commodity: Cobalt (cobalt)
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## COD: Positive Cobalt Flotation Results at Elizabeth Creek

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/cod-positive-cobalt-flotation-results-at-elizabeth-creek--2bebeb63-0025-4242-90bb-9d0f6ce690ee) · [Markdown](https://atlas-staging.minestarters.com/news/cod-positive-cobalt-flotation-results-at-elizabeth-creek--2bebeb63-0025-4242-90bb-9d0f6ce690ee.md)
- Original announcement: 2026-10-21T21:19:00.000Z
- Atlas analysis published: 2026-10-21T22:37:26.133Z
- Atlas analysis updated: 2026-10-21T22:37:26.133Z
- Company: Coda Minerals Limited (COD)
- Original source: [asx](https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03155472)
- Atlas sentiment: 0.559
- Atlas tags: High Recovery, Bench Scale Only, Refractory Ore, Single Domain Only, Recovery Improving, QP/CP Signed, JORC Compliant, Flotation Route, Byproduct Commodity, PFS-Supporting, Mill Route

Coda Minerals has reported positive laboratory flotation results for cobalt at its Elizabeth Creek Project in South Australia. The testwork demonstrated that up to 83% of cobalt remaining after whole-ore chloride leaching can be recovered into a high-grade concentrate (1.48% Co) with a low mass pull (4.0%). These preliminary results open a pathway to potentially include cobalt revenue, which was previously excluded, into the project's economics, though further testwork and capital expenditure assessment are required.

## CNJ: Annual Report to shareholders

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/cnj-annual-report-to-shareholders--1bd78fa7-6b74-4358-9a31-49bb98971f89) · [Markdown](https://atlas-staging.minestarters.com/news/cnj-annual-report-to-shareholders--1bd78fa7-6b74-4358-9a31-49bb98971f89.md)
- Original announcement: 2026-09-30T02:08:00.000Z
- Atlas analysis published: 2026-09-30T03:09:40.061Z
- Atlas analysis updated: 2026-09-30T03:09:40.061Z
- Company: Conico Ltd (CNJ)
- Original source: [asx](https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03146082)
- Atlas sentiment: 0.068
- Atlas tags: Stale Estimate, No QP/CP Disclosure, Cut-off Undisclosed, Inferred Resource, Stale Data Re-release, Apparent Width Only, Capital Raise, Debt Restructuring

Conico Ltd's annual report for the year ended June 30, 2026, details a successful recapitalisation that has left the company debt-free and funded for near-term exploration. Despite reporting a significant net loss of $13.87 million, the company plans to conduct drilling at its Mt Thirsty Project in Western Australia to integrate scandium into the existing cobalt-nickel-manganese JORC Resource, building on promising historical intercepts. Additionally, new licence applications for rare earth elements and gold-PGE projects were lodged in East Greenland, although existing Greenland assets faced impairment due to a lack of field activities during the year.

## COB: Annual Report to shareholders

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/cob-annual-report-to-shareholders--941b3b33-7707-409d-973d-f98e7f98f771) · [Markdown](https://atlas-staging.minestarters.com/news/cob-annual-report-to-shareholders--941b3b33-7707-409d-973d-f98e7f98f771.md)
- Original announcement: 2026-09-24T08:13:00.000Z
- Atlas analysis published: 2026-09-24T09:10:37.381Z
- Atlas analysis updated: 2026-09-24T09:10:37.381Z
- Company: COBALT BLUE HOLDINGS LIMITED (COB)
- Original source: [asx](https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03143604)
- Atlas sentiment: 0.259
- Atlas tags: JORC Compliant, QP/CP Signed, Inferred Resource, Resource Update, Measured Resource, Permitting Milestone, Capital Raise, Metallurgical Testwork, Strategic Partnership, Going Concern Risk, Heap Leach Route, Mill Route, Single Domain Only

Cobalt Blue Holdings Limited's 2026 Annual Report highlights significant progress on its Kwinana Cobalt Refinery, including product qualification and regulatory approvals, alongside successful capital raises. The company also advanced strategic partnerships for polymetallic nodule processing and battery black mass recycling. However, the report notes a substantial financial loss and an auditor's warning regarding going concern, while key resource estimates remained unchanged from the prior year.

## Goldsky announces MOU with Ocean Partners to further study cobalt recovery from the Rajapalot Project in Finland

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/goldsky-announces-mou-with-ocean-partners-to-further-study-cobalt-recovery-from--eafdb498-2b37-481e-86c9-d54950852271) · [Markdown](https://atlas-staging.minestarters.com/news/goldsky-announces-mou-with-ocean-partners-to-further-study-cobalt-recovery-from--eafdb498-2b37-481e-86c9-d54950852271.md)
- Original announcement: 2026-07-09T12:00:00.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Goldsky Resources Corp
- Original source: [globalminingreview](https://www.globalminingreview.com/mining/09072026/goldsky-announces-mou-with-ocean-partners-to-further-study-cobalt-recovery-from-the-rajapalot-project-in-finland/)
- Atlas sentiment: 0.236
- Atlas tags: Nearology Play

Goldsky Resources Corp has signed a non-binding MOU with Ocean Partners to investigate the technical and economic viability of cobalt recovery at the Rajapalot gold-cobalt project in Finland. The partnership aims to evaluate metallurgical flowsheets, concentrate production, and potential offtake arrangements.

## Battery Mineral Resources Provides Ontario Exploration Update

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/battery-mineral-resources-provides-ontario-exploration-update--22a3589e-d751-4cc5-a4b3-01b3979b6cb2) · [Markdown](https://atlas-staging.minestarters.com/news/battery-mineral-resources-provides-ontario-exploration-update--22a3589e-d751-4cc5-a4b3-01b3979b6cb2.md)
- Original announcement: 2026-04-24T02:52:00.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Battery Mineral Resources Corp. (BMR)
- Original source: [tmx](https://money.tmx.com/en/quote/BMR/news/4775737938263556/battery-mineral-resources-provides-ontario-exploration-update)
- Atlas sentiment: 0.104
- Atlas tags: Inferred Resource, QA/QC Disclosed, Stale Data Re-release

Battery Mineral Resources provided an update on its Ontario exploration portfolio, highlighting the McAra silver-cobalt resource and various exploration targets at Gowganda, Shining Tree, and Wilder. The update includes a restatement of the McAra mineral resource and references several high-grade drill and surface intercepts across the projects.

## Fortune Minerals Completes Cobalt Sulphate Test Work

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/fortune-minerals-completes-cobalt-sulphate-test-work--d4a28202-db30-44bb-8b3e-d1686e5ff1cd) · [Markdown](https://atlas-staging.minestarters.com/news/fortune-minerals-completes-cobalt-sulphate-test-work--d4a28202-db30-44bb-8b3e-d1686e5ff1cd.md)
- Original announcement: 2026-01-21T13:00:00.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Fortune Minerals Limited (FT)
- Original source: [tmx](https://money.tmx.com/en/quote/FT/news/7987781224274140/fortune-minerals-completes-cobalt-sulphate-test-work)
- Atlas sentiment: 0.493
- Atlas tags: High Recovery, Mill Route

Fortune Minerals has successfully validated an optimized hydrometallurgical flowsheet for its NICO Project, producing battery-grade cobalt sulphate heptahydrate. The new process demonstrates improved recoveries for cobalt (97% vs 95%), copper (74% vs 70%), and gold (97-98% vs 95%) compared to previous pilot plant work.

## Fortune Minerals Completes Cobalt Sulphate Test Work

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/fortune-minerals-completes-cobalt-sulphate-test-work--d66fce2c-7608-47bc-a846-84b7987bc296) · [Markdown](https://atlas-staging.minestarters.com/news/fortune-minerals-completes-cobalt-sulphate-test-work--d66fce2c-7608-47bc-a846-84b7987bc296.md)
- Original announcement: 2026-01-21T13:00:00.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Fortune Minerals Limited (FTMDF)
- Original source: [tmx](https://money.tmx.com/en/quote/FTMDF/news/7987781224274140/fortune-minerals-completes-cobalt-sulphate-test-work)
- Atlas sentiment: 0.493
- Atlas tags: Mill Route, QA/QC Disclosed

Fortune Minerals has successfully validated an optimized hydrometallurgical flowsheet for the NICO Project, producing battery-grade cobalt sulphate heptahydrate. The new process demonstrates improved recoveries for cobalt (97% vs 95%), copper (74% vs 70%), and gold (97-98% vs 95%) compared to 2008 pilot plant results.

## Doubleview Provides Cobalt Resource Summary for the Hat Polymetallic Deposit in Advance of Updated MRE and PEA

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/doubleview-provides-cobalt-resource-summary-for-the-hat-polymetallic-deposit-in--d1aba108-6f9e-4146-a248-5c30125ae66e) · [Markdown](https://atlas-staging.minestarters.com/news/doubleview-provides-cobalt-resource-summary-for-the-hat-polymetallic-deposit-in--d1aba108-6f9e-4146-a248-5c30125ae66e.md)
- Original announcement: 2025-12-02T13:45:00.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Doubleview Gold Corp. (DBG)
- Original source: [yahoo_press](https://finance.yahoo.com/news/doubleview-provides-cobalt-summary-hat-134500357.html)
- Atlas sentiment: 0
- Atlas tags: Resource Update

Doubleview Gold Corp. has released a summary of the cobalt component of the Hat Polymetallic Deposit. This summary is provided in anticipation of an upcoming updated Mineral Resource Estimate and Preliminary Economic Assessment.

## Fortune Minerals Retains P&E Mining Consultants Inc. to Prepare the New Reserve Estimates, Mine Plan & Production Schedule for the Updated NICO Project Feasibility Study

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/fortune-minerals-retains-p-e-mining-consultants-inc-to-prepare-the-new-reserve-e--7b4fefca-dc0e-49e8-9edf-04939d7fef74) · [Markdown](https://atlas-staging.minestarters.com/news/fortune-minerals-retains-p-e-mining-consultants-inc-to-prepare-the-new-reserve-e--7b4fefca-dc0e-49e8-9edf-04939d7fef74.md)
- Original announcement: 2025-10-28T16:47:00.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Fortune Minerals Limited (FT)
- Original source: [tmx](https://money.tmx.com/en/quote/FT/news/6157822144711419/fortune-minerals-retains-p-e-mining-consultants-inc-to-prepare-the-new-reserve-e)
- Atlas sentiment: 0.335
- Atlas tags: Resource Update, Historical Estimate Only

Fortune Minerals has retained P&E Mining Consultants to prepare new Mineral Reserve estimates, a mine plan, and a production schedule for an updated NICO Project Feasibility Study. The update aims to leverage significantly higher current metal prices for gold, cobalt, bismuth, and copper to improve project economics.

## Ecora Resources PLC Announces Completion of Voisey's Bay Cobalt Throughput Test

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/ecora-resources-plc-announces-completion-of-voisey-s-bay-cobalt-throughput-test--dcd2349b-8369-4024-958f-6f994f29279e) · [Markdown](https://atlas-staging.minestarters.com/news/ecora-resources-plc-announces-completion-of-voisey-s-bay-cobalt-throughput-test--dcd2349b-8369-4024-958f-6f994f29279e.md)
- Original announcement: 2025-09-04T15:05:00.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Ecora Resources PLC (ECOR)
- Original source: [yahoo_press](https://finance.yahoo.com/news/ecora-resources-plc-announces-completion-150500867.html)
- Atlas sentiment: 0.276
- Atlas tags: Mill Route

Ecora Resources notes an announcement from Vale Base Metals regarding the successful completion of a cobalt throughput test at the Voisey's Bay project.

# Atlas tag definitions

- **Bonanza Intercept:** Exceptionally high-grade zone, well above the deposit-type norm.
- **True Width Disclosed:** Actual thickness perpendicular to structure is stated, not just downhole length.
- **Step-Out Extension:** Mineralization extended beyond the previously known limit.
- **QA/QC Disclosed:** Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
- **Compositing Transparent:** Cut-off grade and internal dilution rules are clearly stated for reported intervals.
- **Refractory Ore:** Complex mineralogy requiring oxidation or other special processing before recovery.
- **Apparent Width Only:** Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
- **Stale Data Re-release:** Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
- **No QA/QC Disclosure:** Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
- **Metal Equivalent Opaque:** Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.
- **Cut-off Undisclosed:** Cut-off grade not disclosed — cannot assess comparability to prior estimates or peers.
- **Deleterious Elements Present:** Penalty elements (arsenic, antimony, etc.) or refractory concerns noted in the release.
- **Infill Drilling:** Confirmatory drilling to raise resource confidence, not new discovery.
- **Nearology Play:** Value premise rests on proximity to a known deposit rather than own results.
- **Measured Resource:** Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
- **Indicated Resource:** Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
- **Proven Reserve:** Measured Resource with demonstrated economic viability after applying modifying factors.
- **Probable Reserve:** Indicated Resource with demonstrated economic viability after applying modifying factors.
- **Category Upgrade:** Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.
- **Tonnage Growth:** Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
- **Grade Improvement:** Average resource grade improved vs prior estimate — better deposit economics.
- **Contained Metal Growth:** True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
- **QP/CP Signed:** Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
- **Cut-off Disclosed:** Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
- **JORC Compliant:** Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
- **NI 43-101 Compliant:** Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
- **Inferred Resource:** Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
- **All Inferred:** 100% of resource is Inferred category — very early stage, no engineering confidence.
- **Grade Decline:** Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
- **Tonnage Decline:** Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
- **Category Downgrade:** Resource confidence decreased — Measured downgraded to Indicated, or Indicated to Inferred. Unusual and concerning.
- **Contained Metal Decline:** Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
- **Dilutive Growth:** Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
- **Cut-off Lowered:** Cut-off grade significantly reduced vs prior estimate — tonnage growth may be artificial inflation.
- **Cut-off Undisclosed:** Cut-off grade not disclosed — cannot assess comparability to prior estimates or peers.
- **Historical Estimate Only:** Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
- **Stale Estimate:** Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
- **No Contained Metal:** Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
- **No QP/CP Disclosure:** No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
- **Maiden Resource:** First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.
- **Resource Update:** Revised estimate for an existing resource — compare to prior to assess progress.
- **PEA-Supporting:** Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
- **PFS-Supporting:** Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
- **DFS-Supporting:** Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
- **High Recovery:** Recovery at or above the exceptional band for the commodity and processing route.
- **Pilot Scale Complete:** Pilot or demonstration plant testing completed under continuous operation.
- **Free Milling:** Simple, clean ore amenable to standard processing without oxidation.
- **Multi-Domain Tested:** Variability across ore domains (oxide, transition, fresh) has been addressed.
- **Recovery Improving:** Recovery improved versus a like-for-like prior test program on the same domain and route.
- **Low Recovery:** Recovery below the weak band for the commodity and processing route.
- **Bench Scale Only:** Only preliminary bench tests completed — no locked-cycle or pilot work.
- **Refractory Ore:** Complex mineralogy requiring oxidation or other special processing before recovery.
- **Single Domain Only:** Testing limited to one composite or domain — representativeness not established.
- **Recovery Stagnant:** No improvement across multiple test programs on comparable material.
- **Theoretical Recovery Only:** Only theoretical or liberation-derived recovery reported, with no actual test result.
- **Heap Leach Route:** Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
- **Mill Route:** Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
- **Gravity Route:** Gravity separation forms a material part of the flowsheet.
- **POX/BIOX Route:** Pressure or bio-oxidation for refractory ore — high CAPEX and OPEX.
- **Byproduct Commodity:** The tested commodity is a byproduct rather than the primary economic driver.