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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 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.

    

Contact

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



Link: Annual Report to shareholders


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