Sign up Australia
Proactive Investors - Run By Investors For Investors

Cobalt Blue's shares ride higher as Thackaringa Cobalt Project studies progress

The PFS is well advanced with the continuation of metallurgical testwork.
bar graph showing shares rising
The project is a farm-in with Broken Hill Prospecting

Cobalt Blue Holdings Ltd’s (ASX:COB) shares were trading 4.3% higher intra-day at $0.845 as it continues to advance a prefeasibility study (PFS) for its Thackaringa Cobalt Project in New South Wales.

The PFS is well advanced with the continuation of metallurgical testwork along with geotechnical, hydrological and environmental assessments.

READ: Cobalt Blue Holdings well advanced with Thackaringa Cobalt Project prefeasibility study

Importantly, results to date continue to justify proceeding further along the pathway towards commercial development of the Thackaringa cobalt project.

The project is under a farm-in and royalty agreement with Broken Hill Prospecting Ltd (ASX:BPL), which retains the base and precious metal exploration rights.

Cobalt Blue can earn 100% by completing a farm-in, which includes committing $10.9 million project expenditure by 30 June 2020 and paying its partner $7.5 million in cash.

View full COB profile View Profile

Cobalt Blue Holdings Ltd Timeline

Related Articles

August 15 2018
Thunderstruck has an attractive and diverse portfolio of assets in Fiji
June 16 2018
The company aims to begin drilling in summer 2018.
Picture of lithium cycle
May 10 2018
The inferred resource at Sadisdorf in Germany now stands at 25 million tonnes grading 0.45% lithium.

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