Sign up Australia
Proactive Investors - Run By Investors For Investors

Broken Hill Prospecting granted trading halt pending cobalt project PFS

Joint venture partner Cobalt Blue Holdings will this week release a PFS and maiden ore reserve.
Sculptures at Broken Hill
The Thackaringa project is outside the mining town of Broken Hill

Broken Hill Prospecting Ltd (ASX:BPL) has been granted a trading halt pending the release of a pre-feasibility study on the Thackaringa Cobalt Project of joint venture partner Cobalt Blue Holdings Ltd (ASX:COB).

The ASX-granted halt will remain in place until the earlier of the start of normal trading on Wednesday, 4 July 2018, or when the announcement is released to the market.

BPL shares last traded at 10 cents.

READ: Broken Hill Prospecting undervalued despite exposure to cobalt, heavy mineral sands and base metals

The announcement will also include a maiden ore reserve statement for the project at Broken Hill in far west New South Wales.

A successful PFS will see Cobalt Blue’s beneficial interest in the project increase to 70% from 51% as part of stage II earn-in requirements with BPL.


Earlier this year BPL confirmed that Cobalt Blue had retained its 51% interest after completing stage I earn-in requirements, including a resource upgrade.

The Thackaringa resource is 72 million tonnes at 852 ppm cobalt, 9.3% sulphur and 10% iron for 61,000 tonnes of contained cobalt at a 500 ppm cut-off.

BPL remains the registered holder of the tenements until the farm-in is complete.

View full BPL profile View Profile

Broken Hill Prospecting Ltd Timeline

Related Articles

project area
July 12 2018
The Gabanintha Vanadium Project is one of the highest-grade vanadium deposits in the world.
Samples from the Erebor prospect at Little Gem
August 16 2018
The Erebor discovery indicates that the Little Gem project in British Columbia may host multiple deposits.
Picture of timetable for Wolfsberg project
March 13 2018
Chairman Tony Sage says the key number in the prefeasibility study will be the net present value.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use