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Cobalt Blue Holdings Limited (ASX:COB) provides the Company's Quarterly Activities and Cash Flow Reports for the period ending 30 June, 2017.

June 2017 - Highlights

- Thackaringa Project

o FY17 (8,000m) Drilling Campaign Concluded - a globally significant cobalt program - continues into FY18.

o Thackaringa Resource Upgrade - 54.9Mt at 910ppm cobalt, new estimate reflects a 66% increase in overall tonnes and a 9% increase in cobalt grade.

o Scoping Study Delivered - Results supportive of Cobalt Blue's aspirational target of becoming "a long-life top 10 cobalt miner". Outstanding metallurgical results.

o 40 Mt Indicated Resource target and major geophysical survey announced - exciting option to uncover further cobalt anomalies.

o Cobalt sulphate commands a market premium driven by the evolving battery market.

- Corporate

o Appointment of new Board member (Matthew Hill) adding significant financial/mining development skills

o CGT Cost Base Observations - Cobalt Blue demerger from Broken Hill Prospecting (BPL)

o Joint Venture Agreement with BPL amended for 40Mt Indicated Resource target and geophysical survey.

To view the full report, please visit:
http://abnnewswire.net/lnk/R2R2X7DK

About Cobalt Blue Holdings Limited

Cobalt 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 being widely used in clean energy systems.

   

Contact

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



Link: Quarterly Activities and Cash Flow Reports June 2017



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Related Industry Topics:
Metals Materials General Mining Mineral Sands Cobalt

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