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Cobalt Blue Holdings Ltd.

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Summary

Project:

Broken Hill Cobalt

Deposit:Broken Hill Cobalt
Location:Australia
Commodities:Cobalt
Date:7/16/2020
Report Code:JORC
Report Type:Pre-Feasibility Study
Project Stage:Pursuing Feasibility Study
Report details:16-7-2020: Cobalt Blue Holdings Ltd. announces a Pre-Feasibility Study report for its Broken Hill Cobalt deposit at the Broken Hill Cobalt project. Updated PFS results incl. post-tax NPV (7.5%) of A$490M. The Ore Reserves reported in this announcement has
Resources:(Reserves, Prob.): 71.8Mt @ 710g/t Co
CP/QP:[Overall Report] Not stated (Not stated)
ABSTRACT:The Ore Reserves reported in this announcement has been prepared in accordance with the guidelines of the Australasian Code for the Reporting of Resources and Reserves 2012 Edition (the JORC Code 2012). The Production Target is based on inclusion of Inferred Mineral Resources of cobalt and sulphur. There is a low level of geological confidence associated with Inferred Mineral Resources and there is no certainty that further exploration work will result in the determination of Indicated Mineral Resources or that the Production Target will be realised. Cobalt Blue has concluded that it has reasonable grounds for disclosing a Production Target which includes a modest proportion of Inferred Mineral Resource reflecting approximately 20% of the total processed material. Unless otherwise stated, all cashflows are in Australian dollars, are undiscounted and are not subject to inflation/escalation factors, and all years are financial years.

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