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Quarterly Activities and Cash Flow Reports September 2017
Quarterly Activities and Cash Flow Reports September 2017
Sydney, Oct 18, 2017 AEST (ABN Newswire) - Cobalt Blue Holdings Limited (ASX:COB) provides the Company's Quarterly Activities and Cash Flow Reports for the period ending September 2017.

September 2017 - Highlights


Thackaringa Project

- Commenced Pre-Feasibility Study (PFS).

- Aerial geophysical survey launched and subsequently completed over the entirety of the Thackaringa tenements (EL6622, EL8143, ML86 & ML87).

- Thackaringa Drilling Campaign - 40Mt Indicated Resource Target - rigs mobilised to site.

- PFS Metallurgical Testwork has now commenced. The testwork will be centred on treating ~800 kg of ore through the proposed process: concentration; thermal treatment; leaching; and product recovery.

Cobalt Trends

- Thrifting - Battery makers are "thrifting" (lowering) cobalt content in the cathode. This is a natural consequence in the face of stronger for longer cobalt pricing.

- Energy Density - Higher (cobalt based) energy density batteries are entering the market increasing Electric Vehicle (EV) range and usability.

- Fast Charge/Discharge - Battery makers are developing semi-solid and solid electrolytes supporting faster charge/discharge cycles - the goal is to fully charge an EV in 5 minutes.

- COB's strategy is to produce a battery grade product required, not today, but rather where demand will be in the future, as these market and enabling technology trends rollout.


- Amended JV Agreement announced. Stage One is due for completion by 1 April 2018 followed shortly after by Pre-Feasibility Study delivery (30 June 2018).

To view the full report, please visit:

About Cobalt Blue Holdings Limited

Cobalt Blue Holdings LtdCobalt Blue Holdings Ltd (ASX:COB) is an exploration company focussed on green energy technology and a strategy of fast-tracking development of the Thackaringa Cobalt Project in New South Wales to achieve commercial production of cobalt. This strategic metal is in strong demand for new generation batteries, particularly lithium-ion batteries now widely used in clean energy systems.

COB has entered into a farm-in joint venture agreement with Broken Hill Prospecting Limited (“BPL”) in which COB seeks to acquire an initial 51% interest in the Thackaringa Cobalt Project. COB will undertake exploration and development programs on the Thackaringa Cobalt Project and, subject to the achievement of milestones, will acquire 100% of the Thackaringa Cobalt Project.



Joe Kaderavek
Chief Executive Officer
Cobalt Blue Holdings Limited
Ph: +61-2-9966-5629

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