Quarterly Activities Report
October to December 2018 - Highlights
- Strategic rationale.
- Optimisation studies.
- Drilling update.
- Water supply confirmed.
- Drilling campaign paused. Technical work programs continue.
- Cobalt market update.
- COB withdraws from Thackaringa Joint Venture Earning Period Provisions.
- Dilution provisions in the JVA increased COB's project beneficial interest from 70.00% to 93.68%.
- Global technical visits.
- Director changes.
- Various dispute notices.
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About Cobalt Blue Holdings Limited
Cobalt 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.
Cobalt Blue Holdings Limited
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