Cobalt Blue Holdings Ltd. extends our congratulations to WaterNSW and their project partners John Holland and MPC Group for the successful construction and commissioning of the 270 km water supply pipeline from the Murray River at Wentworth to Broken Hill. The project will provide long term water security for the community by supplying up to 37.4 megalitres per day to the Essential Water treatment plant at Broken Hill [...]
Since the publication of the Pre-Feasibility Study completed in June 2018, Cobalt Blue Holdings has continued a series of metallurgical testwork programs. These include optimisation of process parameters along with scaling up testwork equipment to demonstration/commercial sized plant. A conceptual flow diagram is shown in Figure 1. KEY POINTS: - Large scale testwork supports >90% cobalt recoveries . - Processed 150 [...]
On 24 October 2018 Cobalt Blue Holdings Ltd. elected out of the Earning Period process of the Exploration Farmin Joint Venture Agreement with Broken Hill Prospecting Ltd. . On 16 November 2018 a TJV Management Committee meeting was held at which work programs and budgets were discussed and approved by the TJV Management Committee. On the same day COB, as JV Manager, then issued BPL and COB with a Billing Statement [...]
Cobalt Blue Holdings Ltd. and Broken Hill Prospecting Ltd. are in a Joint Venture to develop the Thackaringa Cobalt Project. o BPL has previously lodged four Dispute Notices in relation to the Joint Venture Agreement, which COB has now elected to forward to an Independent Expert determination after exhausting intercompany negotiations. - COB believes strongly in its legal position and considers that an Independent Expert [...]
Cobalt Blue Holdings Ltd. as the Thackaringa Joint Venture Manager, is pleased to announce further results from its resource definition drilling program at Thackaringa, NSW. Results from infill drilling support potential for an improved Mineral Resource classification at Pyrite Hill. Significant intersections include: - 18THR024 - 70m at 1,150ppm Co, 11.5% Fe & 12.5% S from 30m - 18THR025 - 92m at 1,253ppm Co, 12.1% Fe [...]
Cobalt Blue Holdings Ltd. advises that Non-Executive Director Matthew Hill has resigned from Cobalt Blue effective today. Matt has been a Director of the Company since 30 June 2017. Cobalt Blue thanks him for his contribution to the Company during his time on the Board. Cobalt Blue is in discussions with a suitably-qualified, independent, Non-Executive Director to fill the vacant position and an appointment is expected to [...]
Cobalt Blue Holdings Ltd. is pleased to announce it has received firm commitments from investors for a share placement to raise gross proceeds of $1,687,000. Under the offer 8,435,000 new fully paid ordinary shares will be issued at a price of $0.20 per share and allotted by the Company. The Placement was managed by lead broker Blue Ocean Equities Pty Limited, and shares are being placed to new and existing shareholders [...]
Cobalt Blue Holdings Ltd. is pleased to announce initial results from its major resource definition drilling program underway at Thackaringa, NSW. KEY POINTS: - Initial results reinforce potential for substantial mine life. - Drilling continues to reaffirm the geological model with a total of 5,686metres completed to date - in excess of 15,000 metres will be drilled over the campaign, making the current program the [...]
On 24 October 2018 COB elected out of the Earning Period process of the Exploration Farmin Joint Venture Agreement with BPL . COB had concluded that the risk of attempting to fast track Bankable Feasibility Study work into a period of only 12 months, to meet the BFS timetable in the TJV Agreement, would significantly impair the project and pose undesirable risk. KEY POINTS: - Cobalt Blue Holdings Ltd. , as [Interim] Manager of the [...]
Cobalt Blue Holdings Ltd. provides the Company's AGM Address to Shareholders. Good morning, I would like to welcome all COB shareholders and guests to our 2018 AGM. The last 12 months has been a significant period of development for the business and we have taken important steps progressing the Thackaringa Cobalt Project. Cobalt Blue delivered a Scoping Study in mid-2017. The study outlined several potential processing [...]
Cobalt Blue Holdings Ltd. has received notice from Broken Hill Prospecting Ltd. indicating unless COB provides an undertaking not to enforce or act upon any of the resolutions put to the vote at the adjourned meeting of the Thackaringa Joint Venture Management Committee on 16 November 2018, BPL will seek declaratory, and possibly injunctive, relief from a Court seeking to invalidate the resolutions voted upon at that [...]
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