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Annual Report to Shareholders
Annual Report to Shareholders
Sydney, Oct 9, 2018 AEST (ABN Newswire) - Cobalt Blue Holdings Limited (ASX:COB) (OTCMKTS:CBBHF) provides the Company's Annual Report to shareholders.

Highlights and Achievements

Thackaringa Cobalt Project

- Substantial drilling campaign completed at Thackaringa (20,000 metres) - 20 December 2017

- Declared a combined 72Mt Inferred and Indicated Resource @ 852 ppm cobalt - 19 March 2018

- Pre-Feasibility Study completed - Results justify progressing towards Bankable Feasibility Study. Key conclusions included long life, low cost, large scale operation. Optimisation Studies commenced - 30 June 2018.

Corporate

- Raised A$2.5m in oversubscribed offer - November 2017

- Raised A$7.8m - placement to LG International - April 2018

- Commercial Visit - China/Korea/Japan - November 2017

- Commercial Visit - China/Korea/Japan - March 2018

- Corporate Office relocation to Level 17, 100 Miller Street North Sydney - May 2018

To view the Annual Report, please visit:
http://abnnewswire.net/lnk/3446F5R3


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.

   


Contact

Joe Kaderavek
Chief Executive Officer
Cobalt Blue Holdings Limited
Ph: +61-2-9966-5629
Website: www.cobaltblueholdings.com
Email: info@cobaltblueholdings.com



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