A massive cobalt-containing pyrite orebody occurs in banded albite-quartz-biotite rocks at Thackaringa, some 30 km SW of Broken Hill. Because of the world-wide shortage of cobalt during the late 1970s, serious consideration was given to the development of a suitable flow-sheet to recover the cobalt from this ore. Details of a pressure leaching process in which more than 90 per cent of the cobalt is extracted from a pyrite concentrate are presented.