Cobalt Blue Holdings Limited (ASX:COB) Quarterly Activities and Cash Flow Reports June 2017

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) (FRA:COH) (OTCMKTS:CBBHF) is an exploration and project development company. Work programs advancing the Broken Hill Cobalt Project in New South Wales continue. Our ambitious goals are subject to funding availability. Cobalt is a strategic metal in strong demand for new generation batteries, particularly lithium-ion batteries now being widely used in clean energy systems.

    

Related Companies

Cobalt Blue Holdings Limited