Investor Presentation July 2017
"2017 is shaping up to be a big year for Cobalt Blue"
~10,000m of drilling targeted for FY18
= One of the largest cobalt exploration commitments on the ASX
ASPIRATIONAL TARGET: Significant improvement in size of the Thackaringa cobalt deposit
= A global top 10 mining operation with 20 year + life
OUR SCHEDULE OF WORK IS AS FOLLOWS:
- Aug 2016-Feb 2017: Complete
o Cobalt Blue formed
o JV & Farm-in
o JORC 2012 upgrade
o Cobalt Blue listed
- 1 April 2018: Stage One
o A$2.0m expenditure in the ground delivered.
-- Inferred Resource Upgrade
-- Scoping Study
-- Indicated Resource Upgrade
-- Aerial Geophysical Program
o Target Date: 1 April 2018
- 30 June 2018: Stage Two
o A$2.5m expenditure in ground - Indicated Resource Target
o Deliver: Preliminary Feasibility Study
o Target Date: 30 June 2018
- 30 June 2019: Stage Three
o A$5.0m expenditure in ground - Measured Resource + Reserves Target
o Deliver: Bankable Feasibility Study + Project Approvals
o Target Date: 30 June 2019
- Stage Four
o Decision to Mine
o Project Finance
To view the full presentation, please visit:
About Cobalt Blue Holdings Limited
Cobalt Blue Holdings Ltd (ASX:COB) is an exploration and project development company focussed on green energy technology and strategic development to upgrade its mineral resource at the Thackaringa Cobalt Project in New South Wales from Inferred to Indicated status. This strategic metal is in strong demand for new generation batteries, particularly lithium-ion batteries now being widely used in clean energy systems.
COB is in a Joint Venture (70% interest) with Broken Hill Prospecting Limited (ASX:BPL) (30% interest) to develop the Thackaringa Cobalt Project.
Potential to extend the Mineral Resource at Pyrite Hill, Big Hill, Railway and the other prospects is high. Numerous other prospects within COB’s tenement package are at an early stage and under-explored.
Cobalt Blue Holdings Limited