Cobalt Blue Holdings Limited: Quarterly Activities Report March 2018

Sydney - Cobalt Blue Holdings Ltd. (ASX:COB) (OTCMKTS:CBBHF) provides the Company's Quarterly Activities Report.

Projects

Thackaringa Project

- Delivered Indicated Resource Project.

- Bulk Testwork - Calcine and Leach Update.

- COB on target to deliver PFS by 30 June 2018.

Cobalt Trends

- Electric Vehicle Update - battery costs remain key to uptake.

Corporate

- Stage One Achieved - COB has retained 51% of the beneficial interest of the Thackaringa Project. Milestone announced 20 April 2018.

- Asian Commercial Visit

- LGI Deal signed - As announced on 23 March 2018, on 16 April 2018 a cash share placement totalling A$ 7.8 million (US$ 6.0 million equivalent) at A$1.10 each share was made by COB to LG International.

- HAV MOU Signed

To view the full report, please visit:
http://abnnewswire.net/lnk/V226Z237

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 widely used in clean energy systems.

COB has entered into a farm-in joint venture agreement with Broken Hill Prospecting Ltd. (“BPL”) in which COB seeks to acquire an initial 51% interest in the Thackaringa Cobalt Project. COB will undertake exploration and development programs on the Thackaringa Cobalt Project and, subject to the achievement of milestones, will acquire 100% of the Thackaringa Cobalt Project.



Contact:

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