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TJV Completion of Stage 2 Earning Obligations
TJV Completion of Stage 2 Earning Obligations
Sydney, Sep 5, 2018 AEST (ABN Newswire) - Cobalt Blue Holdings Limited (ASX:COB) (OTCMKTS:CBBHF) advises that it has received notice from Broken Hill Prospecting Limited (ASX:BPL) (OTCMKTS:BPLNF) that BPL has accepted to its satisfaction the completion of the Stage Two earning obligations under the Joint Venture Agreement on the Thackaringa Cobalt Project in Broken Hill NSW. BPL advised that it completed a rigorous review of the TJV Stage Two deliverables. Accordingly COB now formally announces the following beneficial ownership over the Thackaringa tenements:

EL 6622 70% beneficial ownership

EL 8143 70% beneficial ownership

ML 86 70% beneficial ownership

ML 87 70% beneficial ownership


About Cobalt Blue Holdings Limited

Cobalt Blue Holdings LtdCobalt 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.

   


Contact

Robert J Waring
Company Secretary
Cobalt Blue Holdings Limited
Telephone: +61-2-8287-0660
Email: info@cobaltblueholdings.com



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