Update on Finalisation of PFS
ASX:COB) (OTCMKTS:CBBHF) advises that it is on schedule to meet its earlier released timeline to finalise its Pre-Feasibility Study (PFS) on its Thackaringa Cobalt Project at Broken Hill NSW by 30 June 2018 and satisfy obligations under Stage Two of the agreement to secure a 70% beneficial interest in the Project. Following the finalisation of the PFS, the Company will update the market with a summary of the results of the PFS. 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.
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