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Cobalt Blue Holdings Ltd.
Summary
| Project: | Thackaringa | |
|---|---|---|
| Deposit: | Thackaringa | |
| Location: | Australia | |
| Commodities: | Cobalt-Sulphur-Iron | |
| Date: | 7/12/2017 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 12-7-2017: Cobalt Blue Holdings Ltd. announces a Scoping Study report for its Thackaringa deposit at the Thackaringa project. Scoping study results indicate justifiable project. Cobalt Blue Holdings Limited (ASX: COB) is pleased to advise that it has comp | |
| Resources: | (Resource, I+I): 54.9Mt @ 910ppm Co, 10.19% Fe, 9.56% S at project | |
| CP/QP: | [Resources]: Anthony Johnston (Internal) | |
| ABSTRACT: | Cobalt Blue Holdings Limited (ASX: COB) is pleased to advise that it has completed a Scoping Study (“Study”) based on the Inferred and Indicated Mineral Resource at its Thackaringa Cobalt Project (“the Project”), located approximately 23 km south west of Broken Hill, NSW. The Study referred to the Pyrite Hill, Big Hill and Railway deposits. The Study was a key milestone of our joint venture with Broken Hill Prospecting Limited (ASX:BPL). The Scoping Study results were positive and justify progression to a Pre-Feasibility Study. BPL Chairman, Creagh O’Connor commented: “We have long believed that the cobalt resource at Thackaringa has considerable potential, and these scoping study results provide major impetus towards proving that to be true. We are committed to pursuing the plans for development of the project, and working with Cobalt Blue to achieve that end.” Shareholders can expect a further update on strategy from the CEO in the near future. Stage One activities have been focused on the three known deposits. Resource definition work will continue during Stage Two of the JV, targeting conversion of exploration targets to Mineral Resources. A key requirement of Stage Two is to define a sufficient quantity of Indicated Resource to support the optimal mining throughput defined in the Scoping Study. | |
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