View in Other Languages 11693 8843 7023 
Annual Report June 2017
Annual Report June 2017
Sydney, Sep 25, 2017 AEST (ABN Newswire) - Cobalt Blue Holdings Limited's (ASX:COB) focus is upon the development and commercialisation of the Thackaringa Cobalt Deposit, Broken Hill, NSW. The Company has entered into a Farm in Joint Venture Agreement ("JVA") with Broken Hill Prospecting Limited (ASX:BPL). The JVA targets a series of accelerated milestones designed to create certainty over size and quality of the deposit, in addition to identifying an optimal processing path.

Annual Report Highlights

Thackaringa

- Substantial drilling campaign completed at Thackaringa (8,000 metres) - 25 May 2017

- Declared a combined 55Mt Inferred and Indicated Resource @ 910 ppm cobalt - 05 June 2017

- Scoping Study completed - strongly supporting progression to Preliminary Feasibility Study. Key conclusions included a long life, low cost, large scale operation. Identified options for processing concentrate, including cobalt and byproduct monetisation. Optimal processing established > 90% metal recovery - 30 June 2017

Corporate

- Incorporated - 26 August 2016

- Raised $10m in oversubscribed offer - 18 January 2017

- ASX listed - 02 February 2017

- Commercial Visit - China cobalt refining industry - 06 April 2017

To view the annual report, please visit:
http://abnnewswire.net/lnk/V72A1121


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. Work programs are advancing to enable an upgrade of the Mineral Resource at the Thackaringa Cobalt Project in New South Wales to include Measured Resources.

Cobalt is a strategic metal in strong demand for new generation batteries, particularly lithium-ion batteries now being widely used in clean energy systems.

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

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



Related Companies

Cobalt Blue Holdings Limited    
Broken Hill Prospecting Ltd    

ABN Newswire This Page Viewed:  (Last 7 Days: 12) (Last 30 Days: 57) (Since Published: 7023) 

View in Other Languages 11693 8843 7023  (27559)