Cadoux Limited has made significant progress in its High Purity Alumina (HPA) project and its 50% owned Minhub rare earths processing initiative, advancing engineering design and market engagement amid growing global demand for critical minerals.
- Completion of front-end engineering design for Kwinana small-scale HPA demonstration plant
- Ongoing downstream HPA application studies with Curtin University and SAFELOOP consortium
- Advancement of Minhub mineral sands processing feasibility study in Darwin
- Active marketing targeting electric vehicle lithium battery applications
- Continued ESG initiatives aligned with global sustainability frameworks
Engineering Progress and Project Development
Cadoux Limited (ASX – CCM) has reported steady advancement in its core High Purity Alumina (HPA) project and its 50% owned Minhub rare earths processing venture for the quarter ending 31 December 2025. The company completed front-end engineering design (FEED) for a small-scale production and demonstration plant (SSP) in Kwinana, Western Australia, marking a critical step toward commercial production of ultra-pure alumina products tailored for high-tech markets.
Alongside this, Cadoux is refining its proprietary calcining technology and downstream product finishing processes to meet stringent specifications demanded by sectors such as semiconductors, LEDs, and lithium-ion battery separators. These efforts are supported by collaborations with Curtin University and participation in the European Union-funded SAFELOOP consortium, which focuses on next-generation lithium-ion battery development.
Minhub Rare Earths Processing Hub
Cadoux’s joint venture, Minhub Operations Pty Ltd, is progressing its mineral sands processing feasibility study for a multi-user rare earths and mineral sands separation facility in Darwin. The project aims to establish a sovereign Australian supply chain for critical rare earth elements like neodymium and praseodymium, essential for electric vehicles, wind turbines, and defence technologies. Minhub’s strategic location with port and rail access positions it well to reduce Australia’s reliance on offshore processing amid ongoing geopolitical supply risks.
Minhub has also applied for Strategic Project status under the EU Critical Raw Materials Act, which could unlock preferential financing and strengthen ties with European industrial partners. The feasibility study integrates technical, financial, environmental, and commercial assessments to validate project viability and prepare for development.
Market Dynamics and Strategic Positioning
The global demand for HPA and rare earths continues to surge, driven by rapid growth in electric vehicles, renewable energy, and advanced electronics. Cadoux’s HPA product development aligns with these trends, targeting ultra-high purity grades (4N to 5N) required for cutting-edge applications. The company’s marketing efforts include distributing samples for evaluation in heavy-duty EV battery applications and engaging with potential offtake partners.
Participation in the SAFELOOP consortium enhances Cadoux’s exposure to innovative battery technologies and European supply chain initiatives, potentially opening commercial pathways with global cell manufacturers. Meanwhile, Minhub’s focus on ethical, traceable rare earths supply addresses critical vulnerabilities in global markets dominated by China.
Environmental, Social, and Governance (ESG) Commitment
Cadoux continues to embed ESG principles throughout its operations, aligning with frameworks such as the UN Sustainable Development Goals and the World Economic Forum’s Stakeholder Capitalism Framework. The company actively engages with community stakeholders and regulators, maintains transparent reporting, and promotes diversity and inclusion. Notably, Cadoux’s ESG Director, Dr Sandy Chong, has received recognition for leadership and contributes to industry-wide ESG standards development.
Financial Position and Outlook
Cadoux ended the quarter with approximately $1.92 million in cash, down from $2.48 million in the previous quarter, reflecting ongoing investment in project development and marketing activities. The company is pursuing innovative funding strategies, including strategic partnerships and offtake-linked financing, to advance its projects while minimising shareholder dilution. Upcoming milestones include continued FEED workstreams, vendor equipment development, and further engagement with feedstock suppliers and downstream partners.
Bottom Line?
As Cadoux advances engineering and market engagement, its ability to secure funding and navigate geopolitical risks will be pivotal to realising its critical minerals ambitions.
Questions in the middle?
- When will Cadoux make its final investment decision for the Kwinana HPA demonstration plant?
- How will Minhub’s application for EU Strategic Project status influence project financing and partnerships?
- What are the potential impacts of geopolitical tensions on Cadoux’s rare earths supply chain and pricing?