Cobalt Blue Holdings Limited: Annual Report June 2017
26.09.2017 | ABN Newswire
Sydney - Cobalt Blue Holdings Ltd.'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 Ltd. (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
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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 Ltd.
Ph: +61-2-9966-5629
Website: www.cobaltblueholdings.com
Email: info@cobaltblueholdings.com