Cobalt Blue Holdings Limited: Thackaringa Joint Venture - Completion of Stage 2 Earning Obligations
Sydney, Australia - Cobalt Blue Holdings Ltd. (ASX:COB) (OTCMKTS:CBBHF) advises that it has received notice from Broken Hill Prospecting Ltd. (ASX:BPL) (OTCMKTS:BPLNF) that BPL has accepted to its satisfaction the completion of the Stage Two earning obligations under the Joint Venture Agreement on the Thackaringa Cobalt Project in Broken Hill NSW. BPL advised that it completed a rigorous review of the TJV Stage Two deliverables. Accordingly COB now formally announces the following beneficial ownership over the Thackaringa tenements:EL 6622 70% beneficial ownership
EL 8143 70% beneficial ownership
ML 86 70% beneficial ownership
ML 87 70% beneficial ownership
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.
Source:
Cobalt Blue Holdings Ltd.
Contact:
Robert J Waring Company Secretary Cobalt Blue Holdings Ltd. Telephone: +61-2-8287-0660 Email: info@cobaltblueholdings.com
